In recent days, dozens of companies and trade associations have announced that they will be halting PAC donations to members of Congress who objected to the certification of Electoral College results. As of January 12th, reporting from The Hill, Axios, and Forbes indicates that the following companies have halted, paused, or are reviewing their PAC donations to objectors:
We wanted to quantify the impact that the loss of these donations would have on lawmakers.
Using GovPredict’s Donor Research tool, we looked up donations to each of these legislators from corporate PACs. We then pulled out funds from the corporations who have announced that ongoing donations are in doubt.
In order to accurately compare Members of the House and the Senate, we looked at donations over the past 5 years. This includes the 2016 electoral cycle, which was the last time that some of the objecting Senators were running for reelection.
How Much Do These Lawmakers Stand To Lose?
Corporate PACs gave over $160 million to legislators who objected to the Electoral College results.
Here are the PACs that dispersed the most money to objectors over that period:
The corporations who have announced (as of January 13) that they are no longer supporting these lawmakers have given nearly $9M to them. This amount is what the lawmakers stand to lose over the course of the next several years.
Impact on Individual Legislators
The loss of this fundraising will affect some legislators more than others. 38 of the 147 legislators who objected to the Electoral College results—including Rep. Marjorie Taylor Greene (R-GA), Sen. Rick Scott (R-FL), and Rep. Lauren Boebert (R-FL)—received no money from PACs that have withdrawn fundraising so far.
Without money from these PACs, though, the other 109 legislators will likely see some reduction in their total fundraising efforts. For Rep. Ben Cline (R-VA), for example, the absence of funds from corporate PACs that have halted contributions to objectors represents the loss of nearly 11% of his fundraising from committees.
Here are the legislators that would be most impacted by losing funds from PACs that have stopped donations to them:
The riot in the Capitol on January 6th and subsequent objection from members of Congress to Electoral College results is reshaping how corporations think about their political contributions.
Based on PACs that have made announcements in the last week that they will no longer be (or will be reconsidering) donations to those that objected to the results, lawmakers are set to lose significant chunks of their committee-based fundraising.
As more corporate PACs potentially follow suit in the coming weeks, the impact could grow even larger. This could possibly reshape how candidates fundraise in the 2022 cycle and beyond, and certainly represents a new use of political contributions by corporations that is unprecedented in scale.