Become an InsiderCharles Schwab said in a statement that its political action committee would halt contributions to all lawmakers for the rest of this year.
The wealth manager and brokerage founded by Charles R. Schwab, who serves as the firm's chairman and is a major Republican donor, cited "the extraordinary circumstances related to this election cycle." While the firm's PAC donated to Republicans and Democrats for the 2020 election cycle, 67% of those congressional contributions went to Republicans, per Open Secrets at the Center for Responsive Politics.
Many financial services firms and companies across other industries have said in recent days that they would either review their political donation spending policies in light of the Capitol riots last week.
The firm cited "the extraordinary circumstances related to this election cycle," without explicitly pointing to
I didn't know that they were a supporter of white supremacist groups.
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Ludwig van Beethoven, Symphony No. 3 in E-Flat Major, Op. 55 'Eroica'
Everyone and their mother is afraid of ostrication and the Purge.
Trump broke the GOP. He's 100% on destroying every organization he tries to lead.