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US business leaders set to break record on donations to Trump inaugural fund

www.theguardian.com US business leaders set to break record on donations to Trump inaugural fund

Donations, not restricted by campaign finance laws, come as industries seek favor with incoming administration

Summary

Donald Trump’s second inaugural fund is set to exceed $150 million, breaking the $107 million record from 2017.

Major companies like Amazon, Meta, Toyota, and Ford, along with executives like Sam Altman and Ken Griffin, are donating $1 million each.

Experts note the contributions aim to curry favor or avoid backlash from the incoming administration.

Some firms, despite earlier pledges to suspend political donations after the January 6 Capitol riot, are now participating.

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