"Lawmakers from both parties are pushing back against companies that have suspended campaign donations, saying the freeze is unfairly punishing everyone and could undermine corporate interests in Washington." - The Wall Street Journal, February 1, 2021.
Obviously, elected officials are feeling the financial pinch of PAC funding halted. The game of politics primarily runs on money - lots of it. Before the attack on the Capitol last month, that game was played predictably. And all went well. Politicos and those hoping to be elected weren't budget-challenged. If they were on a sustained basis, they shouldn't have been in that game. The playbook is about how to attract money. Meanwhile, businesses had their points of view heard.
Now, that has fallen apart or at least that's the message lawmakers are delivering to business. But, will it resonate? The Biden Administration, focused on regulations, could focus on reforming the complex process of PAC funding. Given such an initiative, businesses would be wary of being featured in the media as major PAC contributors. The Biden Administration could position and package itself as The Big Sweep.
It's not unthinkable that lawmakers will have to become innovative in how they fundraise for their campaigns and operation of their offices.
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