“Corporate America boosts Biden’s inaugural committee”

Politico:

Joe Biden campaigned on raising taxes on companies and the wealthy. It didn’t dissuade some of America’s biggest companies and richest donors from helping to fund his inauguration.

Many of them opened up their checkbooks for Biden’s inaugural committee, helping him raise more than $61 million to fund his largely virtual festivities.

The list included companies with major business before the federal government — on everything from taxes to regulations — such as Uber, Lockheed Martin, Comcast, AT&T, Bank of America, Pfizer and Qualcomm, all of which gave the maximum $1 million.

Unlike presidential and congressional campaigns, inaugural committees are not barred from accepting corporate donations, giving companies a rare opportunity to write big checks to politicians.

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