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Mon Jan 11, 2021, 02:57 PM

U.S. campaign finance system rocked as major firms pause or halt political contributions after ...

Source: Washington Post


U.S. campaign finance system rocked as major firms pause or halt political contributions after election results challenged

Some companies target GOP politicians who voted against certifying Biden’s win, others say they will stop giving to all federal campaigns

By Todd C. Frankel, Jeff Stein and Tony Romm
Jan. 11, 2021 at 1:32 p.m. EST

The funding of U.S. political campaigns is being rocked as major firms such as Facebook, BlackRock, Marriott and Dow announced plans to halt some or all political contributions as a result of last week’s insurrection at the Capitol — a sign of corporate America’s growing uneasiness with the election doubts and violent attacks inspired by President Trump.

Major companies that collectively pour millions of dollars annually into campaigns through employee-funded political action committees are registering their worry and anger about last week’s chaos by pledging to reexamine their role in American politics.

Facebook and Microsoft said they will halt all political donations while they reviewed their giving. BlackRock made a similar announcement in a memo to its employees, noting its decision was spurred by “the horrific events in the nation’s capital.” Others, such as Marriott, announced more targeted action: A pause to the campaign cash flowing to Republicans who voted against certifying President-elect Joe Biden’s win.

Marriott, the world’s largest hotel chain, said its decision suspending donations to 147 Republican U.S. representatives and senators was motivated by “the destructive events at the Capitol to undermine a legitimate and fair election.”

Read more: https://www.washingtonpost.com/business/2021/01/10/marriott-campaign-donations-congress/

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Reply U.S. campaign finance system rocked as major firms pause or halt political contributions after ... (Original post)
DonViejo Jan 2021 OP
KPN Jan 2021 #1
lagomorph777 Jan 2021 #4
Chainfire Jan 2021 #2
live love laugh Jan 2021 #3
pecosbob Jan 2021 #5
Curbside Jan 2021 #6
pecosbob Jan 2021 #7
Curbside Jan 2021 #8

Response to DonViejo (Original post)

Mon Jan 11, 2021, 03:04 PM

1. Good. Even better, do it permanently. Learn your fucking lesson. This is what

you get when you finance greedy, power-hungry sociopaths (which fits the Rs on a general level and many of them individually).

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Response to KPN (Reply #1)

Mon Jan 11, 2021, 03:49 PM

4. Well, sociopaths can get over their illness in one election cycle, right?

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Response to DonViejo (Original post)

Mon Jan 11, 2021, 03:13 PM

2. Taking the children's allowance away.

Next thing to do would be take communication devices.

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Response to DonViejo (Original post)

Mon Jan 11, 2021, 03:39 PM

3. It's infuriating that they have to do this voluntarily instead of it being the law. nt

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Response to DonViejo (Original post)

Mon Jan 11, 2021, 04:20 PM

5. Shell corporations will no longer be anonymous. All political donations will be public.

The new Defense Authorization Act passed over Trump's veto requires Treasury to maintain a database of all shell corporations in the U.S. If Congressional statutes are drafted accordingly they will now be able to eliminate dark money in campaign contributions. I wonder if the new law has anything to do with their decisions?

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Response to pecosbob (Reply #5)

Mon Jan 11, 2021, 05:10 PM

6. WHAT!!

 

No more shell corporations??
Whoop!
No more K Street?
No more money laundering?
No more organized crime?
WHAT IS THE WORLD COMING TO??

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Response to Curbside (Reply #6)

Mon Jan 11, 2021, 05:18 PM

7. All they need to do now to ensure that all donations are transparent

is to prohibit any donations from LLCs or corporations not registered in the U.S.

https://www.vox.com/22188223/congress-anti-money-laundering-anonymous-shell-companies-ban-defense-bill

There will still likely be loopholes, like trusts or partnerships, but we have to ford one river at a time.

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Response to pecosbob (Reply #7)

Mon Jan 11, 2021, 05:56 PM

8. If I remember correctly

 

at least one of the 9/11 planes (United?) turned out to have been leased from anonymous shell company registered in Delaware and for some reason United(?) wanted to sue them but wasn't really able to.
Man! What effect will this have on the economy of Wilmington?

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