More and more US companies are stopping political donations


More and more companies in the United States stop their donations to the policy. The reason for the move was the unrest in Washington last week, as supporters of outgoing President Donald Trump stormed the Capitol. The companies usually represent billions of dollars in aid.

Jimmy Dimon of JPMorgan Chase, one of the largest US financial groups, explained Wednesday why donations from his Political Action Committee were suspended. The bank wants to think about how to donate to politics in the future. “There is no justification for a crowd to forcibly enter the Capitol,” Damon said. He stressed that stopping donations does not mean that the bank does not support the state.

The credit card company Visa is also holding donations to the policy temporarily. For Visa, too, there is a lot of thinking about how to support the policy in the future. Tech companies such as Microsoft, Facebook, Lyft and DoorDash have also stopped their political donations.

Voters against

A thorn in the side of many corporate senators who voted against the election results last week. This was among other reasons for Disney’s entertainment group and retail chain Walmart to stop supporting the Republicans involved. Morgan Stanley also claims he is taking action against passive voters.

Soft drink maker Coca-Cola, 3M Industrial and General Motors carmaker also announced earlier that they will temporarily stop making donations to the policy in whole or in part.

Trump supporters who stirred up unrest in Washington disagreed with Democrat Joe Biden winning the election. Five people were killed in a storming of the Capitol.

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