Why Is Biden Raising Millions in Corporate Cash for a Virtual Inauguration?

Other corporations, trade organizations, and wealthy donors can give money, however, and essentially kiss the ring of the incoming administration. “It’s laudable that the Biden administration is refusing money from the fossil fuel industry,” said Brendan Fischer of the Campaign Legal Center, a money-in-politics group. But “doing so seems to be an acknowledgement that Big Money buys influence or creates the appearance of buying influence. So why limit yourselves when there are other rent-seeking industries out there?”

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