Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Microsoft halts donations through 2022 to lawmakers who opposed Biden certification

Published 2021-02-05, 02:51 p/m
© Reuters. FILE PHOTO: A Microsoft logo is seen in Los Angeles

By David Shepardson

WASHINGTON (Reuters) - Microsoft Corp (NASDAQ:MSFT) said on Friday it will suspend all donations by its political action committee (PAC) through 2022 to all U.S. lawmakers who voted to object to the certification of Joe Biden's election as president.

The software maker will also suspend contributions through the same period for state officials and organizations who supported objections or suggested the election should be overturned.

Microsoft said it "will promote and join a conversation with other businesses and organizations that want to strengthen democracy. Recent events have raised issues of importance to PACs across the business community."

Microsoft President Brad Smith told employees on Jan. 21 that over the last four years 20% of its PAC donations "had gone to members who voted against the Electoral College."

Smith said PACs were important "not because the checks are big, but because of the way the political process works. Politicians in the United States have events, they have weekend retreats. You have to write a check, and then you’re invited, and you participate," according to a transcript released by the company. "Out of that ongoing effort, a relationship evolves and emerges and solidifies."

Smith added there are times "I call people who I don’t personally know. And somebody will say, 'Well, you know, your folks have always shown up for me at my events, and we have a good relationship, let me see what I can do to help you.'"

PACs for dozens of major U.S. companies have halted donations to the 147 House and Senate members who voted against Biden's certification, including Walmart (NYSE:WMT) Inc, Marriott Inc, AT&T Inc (NYSE:T),, Amazon.com Inc (NASDAQ:AMZN), Comcast (NASDAQ:CMCSA) and American Express (NYSE:AXP).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Alphabet (NASDAQ:GOOGL) Inc's Google and General Electric (NYSE:GE) Co PACs have also suspended donations through 2022, while Dow Inc said it would extend its suspension to senators voting against certification for up to six years.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.