Business

Walmart stops donations to lawmakers who opposed Biden’s testimony

New York: Walmart Inc, the world’s largest retail company, joined other major companies in indefinitely suspending donations to US lawmakers who voted against President-elect Joe Biden’s election certification.

The Arkansas-based company said on Tuesday that in light of last week’s attack on the US Capitol Building, its “Political Action Committee” is “indefinitely suspending contributions to members of Congress who voted against legal certification of the state’s Electoral College votes.”

A company spokesperson said on Sunday that it is conducting a political bid review after each election cycle and that last week’s events will be taken into account in the company’s process.

The spokesman added that the case would remain under review for the next few months.

Other major companies such as AT&T Inc, Amazon.com Inc, and Mastercard Inc announced similar steps in the past few days.

General Motors said Tuesday it has temporarily suspended all political contributions after the Capitol events. The automaker said that in the past year it has “enhanced the standards of personality and public integrity to make contributions that will help guide our decisions going forward.”

It joined other companies such as JPMorgan Chase & Co, Alphabet Inc’s Google, and Union Pacific Corp in withholding contributions from all members of Congress, rather than targeting those who opposed Biden’s testimony.

Announcements indicate that some corporate donors, which usually provide money to Republicans and Democrats alike, are reassessing their strategy after supporters of outgoing Republican President Donald Trump attacked the Capitol building last week, with the aim of preventing Congress from certifying Biden’s victory.

Five people were killed, including a police officer.

Before the congressional attack, Trump urged his supporters to march to the Capitol to protest the results of the November 3 election, which he falsely claimed were “rigged.”

When lawmakers met again after the incident, 147 Republicans in the House and Senate voted to challenge the Democratic president-elect’s victory in Pennsylvania or Arizona, although both states had formally endorsed the results, and election officials say there were no major problems with the vote. .

It is unclear whether the companies’ decisions will have a lasting impact. The period of time immediately following an election is usually a lull in fundraising activity.

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