Political donations from some of the largest U.S. companies, particularly in the food and beverage sector, have significantly decreased in the 2024 election cycle. Contributions from these corporations have dropped from $8.2 million in the previous cycle to $4.5 million. This trend reflects a broader shift in corporate political engagement, with some companies reassessing their involvement in campaign financing. Meanwhile, local donors and manufacturers are still playing a significant role in political contributions, especially in key battleground states like Michigan, where electric vehicle policies have become a divisive issue.
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Political donations from 15 of the largest US food and beverage makers plunge
Contributions from entities associated with these companies totaled $4.5 million during the 2024 election cycle compared to $8.2 million four years ago.
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Michigan voters split on $500M federal grant for GM to build EVs in Lansing, poll says
Donald Trump, pollster Richard Czuba said, has successfully turned electric vehicles into a wedge issue for Michigan voters based on the poll results.
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