R&I – FS
For years, Wall Street, and corporate America more broadly, were willing to put up with President Trump’s often erratic behavior because he delivered the tax cuts, deregulation, and tariff reforms they wanted.
But last week’s deadly attack on the Capitol, in which mobs of his supporters stormed the heart of American democracy, egged on by the departing President and some of his allies in Congress, as lawmakers sought to ratify the victory of President-elect Joe Biden, was a step too far.
Now some large corporations, like hotel operator Marriott International and insurer Blue Cross Blue Shield, are halting donations to Republican lawmakers who sought to disrupt the certification of Biden’s victory. Others, notably Wall Street giants Goldman Sachs and JPMorgan, are temporarily halting political donations altogether.
Enterprise7
Article URL : https://fortune.com/2021/01/11/fortune-500-companies-republican-donations-big-business-corporations-political-fundraising/