(YAHOO/KAKE) - In the first day or so after the Capitol riot in January of 2021. 147 US lawmakers made the vote to overturn the 2020 election.  


The outcry from corporate America came quickly, with hundreds of companies vowing righteously to stop donations to lawmakers who would eventually be known by opponents as the "sedition caucus."

For many companies, that "indignation" vanished soon after, when drastic changes to their bottom lines and the upcoming midterm elections caused them to reverse course and resume those donations.

One compilation from Citizens for Responsibility and Ethics in Washington (CREW) found that two-thirds of the nearly 250 companies who loudly announced that said they'd no longer support election deniers, more than two-thirds have resumed donations at this point.

Another analysis fro

m a group called Accountable.US highlights companies that have given in August for the first time since the riot. New names there include the PACs for Allstate (ALL) and Mastercard (MA).


The continued checks come as Republicans are expected to take some seats away from sitting Democrats in November. 

“We've gone from a red wave to a red puddle or a red trickle, however you want to frame it, but I am still as confident as ever that the House of Representatives is going to flip,” BTIG Director of Policy Research Isaac Boltansky recently told Yahoo Finance Live.

It's likely some companies have reversed course to court some of these soon-to-be prominent Republican lawmakers. Insurance giant Allstate is just one example. They pledged to suspend contributions in 2021 and then “monitor and measure each lawmaker’s ongoing conduct.” Then, this August, the company's political arm gave money to Reps. Ralph Norman (R-SC) and Earl “Buddy” Carter (R-GA), who both voted not to certify Joe Biden’s victory.

Yahoo adds that another company, Mastercard, decided to suspend their donations in 2021, promising to  “continue to review the criteria that inform our political contributions to ensure they reflect our values.” In August, its money went to figures in both parties, including Rep. Blaine Luetkemeyer (R-MO), who also voted against certification.

If Republicans take control of Congress in 2023, lawmakers who receive these checks could wield considerable influence. Both Norman and Luetkemeyer serve on the influential House Financial Services Committee. Meanwhile, Luetkemeyer is also the ranking member on the House Small Business Committee, while Carter aims to chair the House Budget Committee in 2023.


‘It is worth risking their bottom line’


In total, Accountable.US says that Fortune 500 companies and corporate trade associations have now sent $27.3 million to these lawmakers, with $1.6 million in donations in August alone.

Acocuntable.US believes that those candidates could pay in November, pointing to a poll from this summer from Data for Progress, a liberal polling outfit, that found a majority of those they polled would be less likely to buy from companies knowing that they'd given to election deniers.

“It’s clear many companies believe it is worth risking their bottom line just to curry favor with more politicians, no matter what they’ve done to undermine democracy,” Accountable.US spokesperson Lindsey Melki said.

The researchers at CREW peg the total donations at $44 million, higher than the figure Accountable.US provided. CREW counts donations directly to campaigns as well donations to Republican leadership PACs, which use the funds to support many of these same lawmakers. CREW adds that companies and trade associations that had said they'd suspend donations have now given more than $12 million alone.

Many would have believed that by now, election deniers would've become pariahs. That hasn't turned out to be the case. The opposite has actually happened. A recent New York Times reconstruction of that historic vote and its aftermath finds election denial has instead become a badge of honor and, for many Republicans, a requirement for advancement within the party.

These lawmakers have also been rewarded with a surge of money coming in from GOP grassroots donors in addition to the corporate donations filling their coffers.