politics @lemmy.worldEnglish · 1 day ago

US business leaders set to break record on donations to Trump inaugural fund

www.theguardian.com

cross-posted to:
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US business leaders set to break record on donations to Trump inaugural fund

www.theguardian.com

MicroWave@lemmy.world to

politics @lemmy.worldEnglish · 1 day ago

cross-posted to:
[email protected]

Donations, not restricted by campaign finance laws, come as industries seek favor with incoming administration

Summary

Donald Trump’s second inaugural fund is set to exceed $150 million, breaking the $107 million record from 2017.

Major companies like Amazon, Meta, Toyota, and Ford, along with executives like Sam Altman and Ken Griffin, are donating $1 million each.

Experts note the contributions aim to curry favor or avoid backlash from the incoming administration.

Some firms, despite earlier pledges to suspend political donations after the January 6 Capitol riot, are now participating.

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