Money talks. And in the wake of the Capitol Hill siege that stunned the nation last week, money also walks.
A growing segment of corporate America's biggest names have denounced last week's storming of the U.S. Capitol by devotees of President Donald Trump who sought to overturn Joe Biden's election as president, with many saying they will halt or suspend political donations.
Many of the country's biggest companies across industry sectors, from Ford Motor Co. to Airbnb to Boston Scientific, announced suspensions of all PAC donations. The list of companies pledging change, which continues to grow, included the financial services companies JPMorgan Chase, Goldman Sachs and Citigroup and the tech behemoths Microsoft, Facebook and Google. A host of other large companies, including Delta Air Lines, Wells Fargo, Walmart and Bank of America, said they would take the unprecedented events of last week into account when considering future political donations.
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The list also includes companies Dow Chemical, Marriott International, American Express, Blue Cross, Airbnb, Mastercard, Commerce Bank, Citi Bank, Boston Scientific, Hallmark and others that have said they will not donate to lawmakers involved in the push to deny Biden the presidency.
Comcast, the parent company of NBCUniversal, which owns NBC News, said Monday that it would be suspending contributions "to those elected officials who voted against certification of the electoral college votes."
"The peaceful transition of power is a foundation of America's democracy. This year, that transition will take place among some of the most challenging conditions in modern history and against the backdrop of the appalling violence we witnessed at the U.S. Capitol last week. At this crucial time, our focus needs to be on working together for the good of the entire nation," the company said in a statement.
"Dow is immediately suspending all corporate and employee political action committee (PAC) contributions to any member of Congress who voted to object to the certification of the presidential election," Dow said in a statement, adding that the company "is committed to the principles of democracy and the peaceful transfer of power."
Marriott said in a statement it "will be pausing political giving from our Political Action Committee to those who voted against certification of the election."
Commerce Bank said in its statement, "We have suspended all support for officials who have impeded the peaceful transfer of power."
Hallmark, which contributes to politicians via a PAC called HALLPAC, went a step further, saying in a statement: "The recent actions of Senators Josh Hawley and Roger Marshall do not reflect our company's values. As a result, HALLPAC requested Sens. Hawley and Marshall to return all HALLPAC campaign contributions."
The broader bans on donations to both parties angered Democratic lawmakers, some of whom argued that it created a sense of false equivalency.
"This is not a time to say both sides did it. What the hell did the Democrats do this week except stand up for the Constitution and the rule of law?" Rep. Sean Patrick Maloney, D-N.Y., who criticized corporate leaders for "playing footsie" with the Trump administration, said in an MSNBC interview Monday.
The backlash doesn't stop there. Trump is also taking a personal hit at his golf properties in wake of the insurrection. The PGA of America cut ties toTrump when it voted Sunday to take the PGA Championship event away from his New Jersey golf course next year.
PGA President Jim Richerson says the board voted to exercise its right to “terminate the agreement” with Trump National in Bedminster, New Jersey.
“We find ourselves in a political situation not of our making,” Seth Waugh, the CEO of the PGA of America, said in a telephone interview. “We’re fiduciaries for our members, for the game, for our mission and for our brand. And how do we best protect that? Our feeling was given the tragic events of Wednesday that we could no longer hold it at Bedminster. The damage could have been irreparable. The only real course of action was to leave.”
The PGA of America, which has some 29,000 golf professionals who mostly teach the game, signed the deal with Trump National in 2014.