Companies suspend their political contributions. Will it last?

Companies suspend their political contributions.  Will it last?

In the days following last week’s insurgency on the U.S. Capitol as Congress voted to certify Joe Biden as president, U.S. corporations drew a line in the sand.

Wall Street banks, major automakers and various other notable Michigan companies including Rocket Companies Inc. and Dow Inc. have issued statements announcing, to varying degrees, changes to political donations, expressing dismay at the attempts. to disrupt a free and fair environment. election and the violence that followed.

The statements have generally fallen into two separate buckets: Companies like Detroit-based Rocket have announced a complete halt to political donations as the mortgage company considers “the role businesses play in the political process,” the CEO said Jay Farner in a statement to Crain. Midland-based Dow, meanwhile, took a more focused approach, announcing it would suspend all corporate and employee political action committee contributions to “any member of Congress who …

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