Campaign finance system rocked as firms pause or halt contributions after election results challenged

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Several major companies on Monday said they planned to cut off political donations to the 147 members of Congress who last week voted against certifying the results of the presidential election, while other major corporations said they are suspending all contributions from their political action committees — a sign of corporate America’s growing unease with the election doubts and violent attacks encouraged by President Trump.

Companies that collectively pour millions of dollars each year into campaigns through employee-funded PACs are registering their worry and anger about last week’s chaos with a reexamination of their role in powering the nation’s fractious politics.

AT&T’s PAC decided Monday to suspend donations to the eight Republican senators and 139 Republican House members who voted against certifying President-elect Joe Biden’s win, according to a company spokesman. Continue reading.