What we learned from the first FEC deadline of 2022
Welcome to Popular Information, an independent newsletter dedicated to accountability journalism. This week brought the first FEC deadline of the year — and it was a doozy. Nearly every committee and campaign were required to file. Popular Information sorted through that mountain of data and came to the following conclusion: not that much has changed. Nearly every corporation that maintained its commitment to withhold funds from Republican objectors last year continued to do so. Corporate lobbyists insist that January 6 is in the rearview mirror and corporate PACs must restart the flow of cash to the objectors. But the dam has not broken yet. There are some exceptions, however, including significant shifts by major companies. After January 6, Goldman Sachs CEO David Solomon posted this heartfelt message on LinkedIn, condemning the attack:
The company then announced it was suspending all political donations. Through all the FEC deadlines last year, Goldman Sachs did not donate to Republican objectors or political committees that support them. That changed on December 20, 2021, when Goldman Sachs donated $2,500 to Congressman Blaine Luetkemeyer (R-MO), who voted to overturn the 2020 presidential election. The donation is notable for two reasons. First, Luetkemeyer is one of the members of Congress who is most dependent on corporate PAC donations. A Popular Information analysis last month found that Luetkemeyer, a powerful member of the House Financial Services Committee, had seen a sharp decline in both corporate PAC donations and total fundraising as compared to the last election cycle. Second, Luetkemeyer reportedly threatened to put corporations that cut off his funding on an "enemies list."
Another corporation making a change was Comcast. After the January 6 attack, Comcast said it would "suspend all of our political contributions to those elected officials who voted against certification of the electoral college votes, which will give us the opportunity to review our political giving policies and practices." In May, Comcast donated to the NRCC and the NRSC, the umbrella organizations that support all House and Senate Republicans, including the 147 objectors. But, in December, Comcast donated a total of $17,500 to seven individual Republican objectors. The Blue Cross Blue Shield Association, which was one of the first companies to announce it was cutting off Republican objectors, also made its first donation — $5,000 to Congressman Mike Rogers (R-AL). Cigna goes all inCigna, which has previously donated to Republican objectors, accelerated its spending. On January 13, 2021, the health insurance giant issued a statement saying it would "discontinue support" of any member of Congress that "hindered a peaceful transition of power." In the first three months of 2021, Cigna donated to six members of Congress that hindered a peaceful transition of power by objecting to the certification of the Electoral College — Congressmen Byron Donalds (R-FL), Tom Rice (R-SC), Bill Johnson (R-OH), Guy Reschenthaler (R-PA), Jodey Arrington (R-TX), and Billy Long (R-MO). Cigna told the New York Times that these donations didn't violate its pledge to elected officials who "hindered a peaceful transition of power" because congressional votes are “by definition, part of the peaceful transition of power.” The company's official position is that voting to overturn the election is part of the "peaceful transition of power." Since then, Cigna has widened its support for Republican objectors, donating a total of $86,000 to 23 members of Congress who voted to overturn the election, plus the NRCC and the NRSC. Cigna's recent donations include members who not only voted against certification but vocally advanced Trump's false claims about election fraud to disrupt the peaceful transfer of power. On December 22, Cigna donated $2,500 to Congressman Markwayne Mullin (R-OK). There are still many questions that need to be answered about this election and the irregularities/fraud that occurred. Until those are answered, my feelings about Joe Biden are exactly how the Democrats felt about President Trump: illegitimate. You can check out a fully updated list of what companies have kept their promises — and which haven't — HERE. Most of the traditional media has moved on from this story. And that's exactly what corporate lobbyists are banking on. If people stop paying attention, they can go back to business as usual. But Popular Information is committed to accountability journalism. That means staying with a story for the long haul. So every month, we scour the FEC reports to keep you informed. You can support this work — and help us do more of it — with a paid subscription. It's $6 per month or $50 per year. Many of the companies named in today's report regularly sponsor other political newsletters. To stay completely independent, Popular Information accepts no advertising. As a result, this newsletter only exists because of the support of readers like you. |
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