Target PAC joins list of companies putting political donations on hold
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Minneapolis-based retailer Target Corp. joined the list of corporate citizens that are suspending all political donations following a violent mob that raped the United States Capitol last Wednesday.
A statement from the company said, “The TargetCitizens PAC is funded by voluntary contributions from our team members and contributes in a bipartisan fashion to a range of federal applicants and organizations. We know there isn’t a single candidate who fully aligns with Target or our team members on every issue, which is why we rely on established criteria such as a candidate’s impact. about our business, committee missions, and more when we make contributions. Target is fully transparent about our PAC contributions and provides regular updates on our Company Website. In view of the political volatility of the past year, including the events of the past week, we are temporarily suspending all political donations. “
Companies are under pressure to quickly assess their policies in the wake of similar moves from many large national companies such as JPMorgan Chase.
Timing of Target’s response suggests it was still finalizing its decision on Monday. Twin Cities Affairs inquired about any possible changes to Target’s policies by 9 a.m. on Monday morning. The company did not respond until shortly after 10 p.m. Monday evening.
According to the company’s website, “Target’s senior management approves factors to consider when making contribution decisions” for the TargetCitizens PAC.
Like many large corporations, Target also gives both sides of the political aisle. Target’s website says that in 2019, the TargetCitizens PAC gave exactly $ 155,500 to Democrats and Republicans.
Target has also temporarily suspended political contributions from companies, which are separate from the TargetCitizens PAC.
Her largest corporate contribution in 2019 was $ 22,200 to the Illinois Merchants Political Action Committee. The company also donated $ 12,000 each to the Democratic Legislative Campaign Committee and the Republican Legislative Campaign Committee.
Minneapolis-based US Bancorp confirmed on Monday TCB that it also suspend the contributions of its political action committee.