JP Morgan has the right idea!
I seldom say much good about corporations but JP Morgan has made an announcement that I can agree with fully.
JPMorgan Chase will restart its political donations but will not give to Republican members of congress who objected to certifying the Electoral College victory of President-elect Biden, according to an internal memo reviewed by Reuters.
Why it matters: 147 congressional Republicans, the majority of whom hold seats in the House, objected to state election results over baseless claims of widespread election fraud fueled by former President Trump.
Context: JPMorgan, the country’s largest lender, was among several big businesses that paused their political contributions following the deadly Jan. 6 riot at the U.S. Capitol as Congress voted to certify the election.
- The bank said it will resume its contributions through its political action committee this month.
- The big picture: JPMorgan plans to update its giving strategy by focusing on lawmakers who oversee financial matters that the bank considers “moral and economic imperatives for our country,” including addressing the racial wealth gap, education and criminal justice reform, according to Reuters.
Corporations played a major role in the Civil Rights passage….they should do so again.
They want to be ‘citizens’ of this nation then they need to step up and do the hard work to save our fragile republic.
JP Morgan has the right idea but how long will they beat this drum?
My guess is not long at all.
Turn The Page!
I Read, I Write, You Know
“lego ergo scribo”