Politicians don’t just work for the American people. Corporations spend millions of dollars on political action committees, lobbyists, and campaigns each election cycle to ensure legislators will pass laws that are in their favor and derail ones that aren’t. That means when Americans vote this November, many will be voting for candidates who have taken thousands of dollars from the restaurant and bar sector over the past year.
Federal law prohibits corporations and labor unions from donating directly to political candidates, so large companies typically don’t openly support individuals who are running for office. Their CEOs and employees can independently donate to candidates, however — or to company-sponsored political action committees . Corporate PACs pool money from employees and donate it to candidates or political parties , or spend them on political ads.
Perhaps surprisingly, restaurant giants like McDonald’s and Wendy’s aren’t directing their money toward presidential campaigns. Eater’s analysis of political donations associated with the top fast-food companies in America showed no major fast-food CEO or PAC has donated directly to either Joe Biden or Donald Trump in 2020.
Republican candidates and conservative causes often receive the bulk of fast-food PAC dollars, compared to Democrats, Eater’s analysis shows. This is unsurprising. Republicans have historically supported tax benefits for large corporations, as well as lighter government regulation on big business. Meanwhile, in a country where fast-food workers are fighting for
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: foodandwine - 🏆 366. / 59 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »