Following the Capitol storm last week, several large US companies are limiting their donations to country politicians. Ford, Microsoft, Alphabet and Facebook announced on Monday that they would stop donating altogether in the future and other companies are banning some politicians.
In the United States, it is common practice for companies to seek support from congressmen through donations. Facebook did not do that with either Republicans or Democrats in the first quarter of this year. The company says it is reviewing its policy with political contributions.
Companies such as Dow Chemical, American Express and Marriott are suspending cash flow to 139 Republican members of the U.S. House of Representatives who refused to approve Joe Biden’s election as president last week. Companies believe that this approach is not in line with the values they represent.
Greeting card company Hallmark is set to recover thousands of dollars due to voting behavior from senators Josh Howley and Roger Marshall. Major interest groups for businesses such as home builders, brewers and retailers are also considering reviewing their donations.