Investing.com investing.com 12 Jan, 2021 00:15 am

Republicans face growing corporate backlash after Capitol assault By Reuters

Republicans face growing corporate backlash after Capitol assault By Reuters
Republicans face growing corporate backlash after Capitol assault

Congress faced growing blowback on Monday from businesses that said they would cut off campaign contributions to those who voted last week to challenge President-elect Joe Biden's victory.The announcements are a sign that some corporate donors, which typically spread their money widely around Capitol Hill, are re-assessing their strategy after supporters of President Donald Trump attacked the Capitol last week in an effort to prevent Congress from formalizing Biden's victory.When they reconvened, 147 Republicans in the House of Representatives and the Senate voted to challenge Biden's victory in Pennsylvania or Arizona, even though both states already formally certified the results and election officials say there were no significant problems with the vote.The sheer extent of the Republican opposition will make it difficult for businesses to simply cut off those who voted against certifying Biden's victory, said a senior Republican business strategist, speaking on condition of anonymity.

The National Association of Beer Wholesalers, the National Association of Auto Dealers, and the American Bankers Association said they would re-assess their contribution strategy.Other top donors, including the National Association of Homebuilders and the National Association of Realtors, said they have yet to make a decision.

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