JPMorgan Chase and Citigroup and a number of large companies have announced that they will suspend donations to some Republican lawmakers. The reason is that these Republican lawmakers refuse to acknowledge President-elect Biden’s victory in the Electoral College vote.
The Wall Street Journal reports that JPMorgan Chase raised about $900,000 for federal candidates in the 2019-2020 campaign cycle. Contributions were skewed toward Republicans at about 58 percent; by comparison, Democrats received 42 percent of contributions.
JPMorgan Chase’s political action committee has contributed $2,000 to Missouri Republican Sen. Josh Hawley (R). Hawley has come under fire from members of the Republican Party as well as Democrats, with critics saying he was involved in instigating Wednesday’s riot at the Capitol.
In addition to banks, health care providers Blue Cross Blue Shield and Marriott Hotels will also suspend political contributions to lawmakers who block the transition of power.
Kim Keck, CEO of Blue Cross Blue Shield, said donations will be suspended to Republican lawmakers who “undermine our democracy through their votes. Keck said, “While differences in philosophy, ideological differences and partisanship are all part of politics, they must not be allowed to weaken our political system and erode public confidence in it.”
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