PACs
New York Times: After the Capitol Attack, Companies Pledged to Rethink Political Giving. Did They?
By Ephrat Livni and Sarah Kessler
.....Corporate political action committees still give millions to election objectors. Hundreds of business and trade association PACs contributed over $108 million to campaigns and committees linked to members of Congress who insisted that the election had been stolen from Trump, according an analysis of Federal Election Commission data from Jan. 6, 2021, through September by Open Secrets, a campaign finance research nonprofit. “Companies pledged to pull back, but we have not seen that play out,” Open Secrets’ investigations manager, Anna Massoglia, told DealBook.
The political watchdog Accountable.US found that overall donations from Fortune 500 companies and about 700 trade associations to election objectors in Congress decreased only about 10 percent — or around $3.7 million — in the 2022 election cycle compared with 2020. And more than 250 companies and industry groups increased donations to those lawmakers after they tried to undermine the election.
The corporate PAC numbers show what the companies are openly disclosing — so although they do not reveal the whole donation picture, they are meaningful, Massoglia said. “Companies also route funds through trade associations, super PACs and even dark money groups that can ultimately be used to benefit election deniers,” she said. Many companies also donate to state-level efforts.
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