• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsDonald Trump

Most influential U.S. business group threatens to withhold campaign funds—but doesn’t call for Trump’s ouster

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 12, 2021, 11:19 PM ET

The U.S. Chamber of Commerce is threatening to withhold campaign funds from politicians who railed against approval of Joe Biden’s election victory, but it wouldn’t identify which ones, nor did it call for the ouster of President Donald Trump after last week’s insurrection at the Capitol.

The chamber, among the most powerful business groups in Washington, on Tuesday echoed much of corporate America, which has started to reject the violence and false claims of election fraud put forth by Trump and his allies.

Yet many business leaders have been cautious in their rebukes to not fully alienate Trump’s supporters, even though the president and other Republican leaders inspired the mob that invaded the building and killed a police officer. Four others, including one of the rioters who was shot by authorities, also died.

Chamber CEO Thomas Donohue said he didn’t think the invasion was a “full coup” attempt, but said the chamber didn’t like the mob’s conduct.

Trump’s name was barely mentioned during the chamber’s during a 2 1/2-hour video meeting to discuss the state of American business. In a statement, however, the chamber called the president’s conduct unacceptable.

“By his words and his actions he has undermined our democratic institutions and our ideals,” the statement said.

But the chamber deferred to government officials about whether Trump should be impeached or ousted by the vice president and his cabinet under the 25th Amendment to the Constitution.

Donohue rejected the notion that the U.S. business community turned a blind eye to the divisions sowed by Trump that led to the violence so that it could get lower taxes and reduced government regulations.

“It’s very tough, I think, to make a straight-line connection between lower taxes and less regulation to the disturbances in Washington last week,” he said, while advocating for “necessary” regulations and “sufficient” taxes that he said would not stifle economic growth.

The chamber said its political action committee will cut donations from some legislators who spouted unsubstantiated claims of voter fraud in trying to stop the vote from being certified. But while Neil Bradley, the chamber’s chief policy officer, praised several legislators for their actions to certify the results after the attack, he wouldn’t identify those who might lose support. He said the decision depends on how those legislators act in the coming days.

“There are some members who by their actions will have forfeited the support of the U.S. Chamber of Commerce,” he said. “Our PAC will continue to support those candidates who demonstrate that type of commitment to governing and democratic norms and our priorities.”

Among those priorities, he said, are respect for norms and institutions.

He didn’t answer specific questions about Sen. Josh Hawley, a Missouri Republican who was the first senator to announce opposition to certification of Biden’s victory.

The chamber contributed $10,000 to Hawley’s campaign, but Bradley said he didn’t know if chamber had ever asked for money back.

“I wouldn’t focus just upon the junior senator from Missouri,” Bradley said. “We’re going to have a lot more to say about (Hawley) and others as we get through this period that we’re in. There’s more to come on this. We’re going to judge it by the totality because we’re not through all of this yet.”

The chamber’s political action committee gave $666,000 to federal candidates this past election cycle and $334,350 in the 2018 cycle, according to the Center for Responsive Politics.

Many of the biggest names in U.S. business have started suspending political donations after last week’s events, including Goldman Sachs, Coca-Cola, Ford and Comcast.

It was a sign that companies are growing skittish about lawmakers who backed Trump’s false claims of election fraud, possibly depriving Republicans of public backing from business groups who until recently were the heart of the GOP’s political brand.

Yet the pausing of donations announced by many companies probably won’t deliver a serious blow to Republicans who voted to overturn Biden’s win. Experts say the pledges are largely symbolic and just one source of revenue for the candidates.

Trump on Tuesday took no responsibility for his part in inspiring the violent insurrection, despite comments encouraging supporters to march on the Capitol and praise for them while they were still carrying out the assault.

“People thought that what I said was totally appropriate,” Trump said.

About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

An attendee holds a sign reading "Billionaire Tax Now" in all caps.
PoliticsTaxes
Only 6 billionaires left California over its proposed wealth tax — but they took $27 billion in potential revenue with them 
By Jacqueline MunisMarch 17, 2026
2 hours ago
Politicsgeopolitics
Trump suggests postponing his key meeting with Xi Jinping by ‘a month or so,’ as Iran overtakes China on the U.S.’s agenda
By Angelica AngMarch 17, 2026
3 hours ago
Elon Musk against a blue background, Sen. Bernie Sanders against a brown background.
Personal FinanceElon Musk
Musk says taxing every billionaire at 100% would barely make a dent in the national debt. Bernie says tax them 5% and you’re $3,000 richer
By Catherina GioinoMarch 17, 2026
4 hours ago
EconomyDebt
U.S. debt is competing with a record supply of corporate bonds, pushing up the cost of federal borrowing just as war spending piles up
By Jason MaMarch 16, 2026
12 hours ago
Elon Musk, wearing a black DOGE hat, looks down and holds his chin in his hand.
PoliticsDOGE
‘No, we didn’t’: DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit
By Sasha RogelbergMarch 16, 2026
13 hours ago
Donald Trump
PoliticsMiddle East
Trump’s ‘Art of the Deal’ can’t reopen the Strait of Hormuz—and it’s threatening a recession
By Nick LichtenbergMarch 16, 2026
15 hours ago

Most Popular

placeholder alt text
Middle East
Iran's attacks have collapsed, and the trend is 'overwhelmingly positive,' analysts say. But the military side is separate from politics and markets
By Jason MaMarch 16, 2026
17 hours ago
placeholder alt text
Investing
Peter Thiel is actively convincing billionaires to abandon The Giving Pledge — and it may be working
By Jake AngeloMarch 16, 2026
16 hours ago
placeholder alt text
Politics
'No, we didn’t': DOGE staffer admits Elon Musk’s cost-cutting agency failed to reduce the federal deficit
By Sasha RogelbergMarch 16, 2026
13 hours ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, March 16, 2026
By Joseph HostetlerMarch 16, 2026
20 hours ago
placeholder alt text
Economy
The energy crisis isn’t recessionary yet, but there’s a scenario where oil prices could bring the US economy to a ‘standstill,’ Oxford Economics says
By Tristan BoveMarch 16, 2026
17 hours ago
placeholder alt text
Investing
Scott Bessent just defined market panic—and accidentally diagnosed the biggest problem with AI
By Nick LichtenbergMarch 16, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.