logo

English
                 

General The Unthinkable

2021.01.12 06:19

이한중*65 Views:417

January 12, 2021

 
Author Headshot

By David Leonhardt

Good morning. Companies are halting donations to Congress members who backed overturning the election result.

 
 
 
12AMBRIEFING-lede-articleLarge.jpg
Kevin McCarthy, the House minority leader, after the riot on Wednesday.Win Mcnamee/Getty Images

An ‘unthinkable’ corporate response

Large corporations and their lobbyists usually try to steer clear of messy political fights. Companies prefer to work behind the scenes, giving money to both political parties and quietly influencing tax policy, spending and regulation.

But President Trump’s effort to overturn the result of the presidential election — and the violent attack on Congress by his supporters — has created a dilemma for many companies. A growing number have decided that they are, at least for now, not willing to support members of Congress who backed Trump’s efforts to change the election result and promoted lies about election fraud.

Over the weekend, several large companies — Marriott, Blue Cross Blue Shield and Commerce Bancshares — announced a suspension of donations to members of Congress who voted against election certification. Yesterday, the list expanded to Amazon, AT&T, Comcast, Airbnb, Mastercard, Verizon and Dow, the chemical company. Hallmark has even asked for its money back from two of the senators who opposed certification, Josh Hawley and Roger Marshall.

“Just a few days ago, this would have been unthinkable,” Judd Legum — the author of the Popular Information newsletter, who has done the best recent reporting on corporate donations — told me.

In the Senate, the temporary ban on donations will also affect Rick Scott of Florida, Ted Cruz of Texas and a few other members. In the House, the group includes more than half of the Republican caucus, including its two top leaders, Kevin McCarthy and Steve Scalise.

“We have to create some level of cost,” Thomas Glocer, a board member at Morgan Stanley and Merck, told The Wall Street Journal. “Money is the key way.”

The National Association of Manufacturers, long one of the more conservative business lobbying groups, has been particularly harsh. It called out Republicans who “cheered on” Trump during his “disgusting” effort to overturn the election, which it said had “inflamed violent anger.” The association added: “This is sedition and should be treated as such.”

Still, many large companies have not announced a change. (And other companies, like Goldman Sachs and Google’s parent, have announced a pause on all political donations — a move that seems designed to prevent public criticism while also not angering politicians who supported attempted election fraud.)

McDonald’s and the tobacco company Altria, which are among the top 20 donors to McCarthy, the House Republican leader, have not announced a halt on donations to any Congress members. Neither has Bank of America (a major donor to Scott), although it said it would “review its decision making.”

The well-connected law firm Squire Patton Boggs has also not announced any policy change. It has donated to Paul Gosar, a House member from Arizona who helped promote the Jan. 6 rally that turned violent, tweeting “#FightForTrump” and “The Time Is Now. Hold the Line.”

What’s the bottom line? I asked Andrew Ross Sorkin, the Times columnist who has spent two decades covering corporate leaders, and he said that the announcements amounted to “temporary defensive moves.” The real question was whether, six months from now, the companies would go back to donating to the politicians who supported overturning a presidential election.

For more, read Andrew’s latest column, which argues for a permanent end to corporate political donations.

No. Subject Date Author Last Update Views
Notice How to write your comments onto a webpage [2] 2016.07.06 운영자 2016.11.20 17771
Notice How to Upload Pictures in webpages 2016.07.06 운영자 2018.10.19 31855
Notice How to use Rich Text Editor [3] 2016.06.28 운영자 2018.10.19 5499
Notice How to Write a Webpage 2016.06.28 운영자 2020.12.23 43429
1874 Own Your Age [1] 2015.05.18 이한중*65 2015.05.18 114194
1873 Home Testing Kit for COVID-19 Approved [3] 2020.04.22 이한중*65 2020.04.22 78488
1872 Anesthesia Songs: This is What I do. [5] 2017.12.07 온기철*71 2017.12.12 67721
1871 How Do Psychologists Define Happiness? [1] 2020.09.25 이한중*65 2020.09.25 34950
1870 Medical Reasons Why Seniors Get Ripped Off [5] 2018.04.30 이한중*65 2018.05.01 34140
1869 미세플라시틱의 공포 [2] 2019.02.05 이한중*65 2019.02.05 29916
1868 The Origin of Santa Claus [2] 2012.12.04 이한중*65 2012.12.04 28566
1867 The Truth of Human Nature/FX Cronin [1] 2020.10.13 이한중*65 2020.10.13 24749
1866 Sweeteners [3] 2009.10.20 이한중*65 2009.10.20 23611
1865 Cities with best and worst tap water [4] 2009.12.12 이한중*65 2009.12.12 22188
1864 Hidden Contemplatives/HJ Lee [3] 2020.06.06 이한중*65 2020.06.08 21843
1863 Family Thanksgiving gathering in Atlanta [6] 2009.11.27 황규정*65 2009.11.27 21187
1862 A New Political Force In Georgia [2] 2020.11.25 이한중*65 2020.11.26 19770
1861 How Albert Einstein's Son Tamed the Mississippi River [4] 2020.05.11 이한중*65 2020.05.12 19145
1860 A Story about Kaesong Factory Complex (NY Times) [1] 2013.05.04 이한중*65 2013.05.04 18763
1859 Andrew Yang had the right idea! [1] 2020.07.29 이한중*65 2020.07.30 17948
1858 Shortage of Primary Care MDs [1] 2019.12.30 이한중*65 2019.12.30 17474
1857 No Left Turns/퍼온 글 [5] 2010.01.02 SungjaCho#65 2010.01.02 17300
1856 A Quiet Evening Of Birmingham Michigan [5] 2005.07.04 이 한중 2005.07.04 17034
1855 On This Day/ Francesca [3] 2018.05.22 이한중*65 2018.05.22 16304