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Tobacco Company Dominates Corporate Donations in 2024 Presidential Election

share-iconSunday, December 29 comment-icon1 month ago 10 views
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forbesFORBES
Tobacco Company Dominates Corporate Donations in 2024 Presidential Election

Credited from: FORBES

  • RAI Services Co., a Reynolds American subsidiary, emerged as the largest corporate donor in the 2024 presidential race, donating $10 million to Trump’s campaign.
  • The donation was made to the Make America Great Again Inc. super PAC, aiming to support Trump and foster positive relations with the tobacco industry.
  • Tobacco executives view Trump’s election as a protective measure against regulatory actions, particularly concerning menthol cigarettes.
  • In addition to tobacco, significant donations came from the oil and private prison industries, with noteworthy contributions from companies like Continental Resources and the GEO Group.
  • Despite corporate donations being minimal overall, the political landscape saw billionaire business leaders heavily funding both Trump and vice-presidential candidate Kamala Harris.

Read more at Forbes.

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