Corporations, groups gave over $8 million to GOP election objectors after Jan. 6 riot: Study
During clashes between police and protesters, Pro-Trump demonstrators stormed into the U.S. Capitol to challenge the U.S. Congress’ certification of 2020 U.S. Presidential Election Results in Washington, U.S.A, January 6, 2021.
Shannon Stapelton | REUTERS
The Associated Press reports that Republican lawmakers opposed to the outcomes of the 2020 presidential elections received $8 million from corporate and trade groups since Jan. 6, the day the Capitol Hill riots ended. new studyFirst shared with CNBC
There is more than 140 Republicans in the House and SenateThey continued to protest the election results that elected President Joe BidenDespite the pro-Trump assault on the Capitol, Donald Trump won the election and was elected the president. Trump was the then president and urged supporters to rally on Congress that day as legislators were confirming Biden’s electoral win.
Accountable.US has compiled data that shows that only a small number of companies who chose not to contribute or push back against what occurred on Jan. 6, later went ahead and funded the campaigns of GOP lawmakers who were opposed to the election results. An analysis by the Public Affairs Council published last month says more than 80% of corporate PACs did pause their contributions to federal candidates following Jan. 6.
The new report by Accountable.US shows that political action committees of top corporations trade groups — including the American Bankers Association, Boeing, Raytheon Technologies, Lockheed Martin and General Motors — continued to give to the Republican election objectors.
“Major corporations were quick to condemn the insurrection and tout their support for democracy — and almost as quickly, many ditched those purported values by cutting big checks to the very politicians that helped instigate the failed coup attempt,” Accountable.US President Kyle Herrig said in a statement. “The increasing volume of corporate donations to lawmakers who tried to overthrow the will of the people makes clear that these companies were never committed to standing up for democracy in the first place.”
General Motors, Raytheon and Lockheed Martin were among those corporations who said that they would suspend their contributions to federal candidates following the attack at the Capitol. However, they later decided to resume donations to legislators who had objected to 2020’s results.
American Bankers Association announced that they would be meeting with “all of our stakeholders” in the weeks ahead to examine their previous political activity and make decisions regarding future plans. These discussions will definitely include the troubling events from the past week. The ABA represents the U.S. bank industry and is responsible for lobbying.
Over $200,000 has been contributed by the American Bankers Association to Republican objectors since then. These include Kevin McCarthy, California’s House Minority Leader and Steve Scalise, Louisiana’s House Minority Whip.
After declaring their pause, contributions were stopped by Raytheon and Lockheed Martin, as well as Boeing, Raytheon and General Motors. They have now contributed more than $650,000 to the GOP election objectors.
Over $8 million was contributed by corporations and trade groups to election objectors. Accountable.US research has revealed that about $1 million was spent on Republican legislators in November.
Data from November by Accountable.US on campaign finances shows that Marathon Petroleum, Valero Energy United Parcel ServiceList of corporations which have donated over $100,000 each to Republicans who protested the 2020 election results.
Corporate donations received during the December month will not be published until February.
CNBC has not received comment from the corporations and trade organizations mentioned in this story.