Lobbying in 2019: $1,800,000. When Business Insider reviewed top executives' political donations last year,The only top executives at a chain restaurant to make substantial donations to President Trump's campaign are Mark Taylor, In-N-Out's chief operating officer, and his wife, Traci Taylor, who is the half-sister of In-N-Out's president and owner Lynsi Snyder. McDonald's Corp organization profile. Here's a breakdown of the more complicated truth about the fast-food industry's political donations. Trian is an investor in Wendy's and Peltz sits on fast-food chain's board.Peltz has donated at least $83,100 to Trump since 2016. (The company has not returned Business Insider's requests for comment.) PACs donate to a range of candidates and organizations, but the total Republican donations — who are often seen as more likely to support corporate interests — The National Restaurant Association, a lobbying group meant to protect restaurants' interests, similarly donates to both Democratic and Republican candidates, but gives more to Republicans. Claims that companies are bankrolling Trump's reelection don't match up with FEC data. Ultimately, fast-food companies and executives do not make up a significant amount of direct donations to President Trump in the 2020 election. Nor are they backing Vice President Biden. Nor are fast-food companies donating to support the president. McDonald's: McDonald's made a statement on Twitter June 4 saying, "McDonald's does not contribute to presidential candidates."
*Based on data released by the FEC on July 28, 2020 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from individual donor data, which were released by the FEC on June 26, 2020. To request permission for commercial use,
The pair donated more than $15,000 to Trump and the national Republican Party since August 2016.During the 2016 election, Papa John's CEO John Schnatter and Andy Puzder, the CEO of Carl's Jr. and Hardee's parent company CKE Restaurant, donated to Trump.
Many companies, including McDonald's, Wendy's, and Taco Bell, KFC, and Pizza Hut's parent company Yum Brands have donated to Congressional candidates and political groups via PACs.In these cases, donations from employees and franchisees are pooled to support a range of candidates. So, are company's funding President Trump's reelection? … Billionaire Nelsen Peltz is the CEO and founding partner of investment management firm Trian, as well as a long-time donor to Republican politicians. If you're a supporter of Trump or Vice President Joe Biden, are there chains you might avoid because their CEO is bankrolling a certain candidate? We show our commitment to helping others with programs such as Ronald McDonald House Charities® programs and the RMHC®/HACER® National Scholarships.
No, but they are donating to candidates for Congress, and typically donate more to Republicans. For permission to reprint for commercial uses, such as textbooks, contact the Center: info@crp.orgSign up for our newsletter to track money’s influence on U.S. elections and public policy.The Center for Responsive PoliticsExcept for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License by OpenSecrets.org.
In February, Peltz hosted a fundraiser for Trump Stephen Ross is the chairman and founder of RSE Ventures, which has invested in a Other, lesser-known restaurant companies also have investors or executives who have made significant donations to Trump. According to Open Secret's data, the 2020 presidential candidate who received the most in donations from the restaurant industry is Sen. Bernie Sanders, who saw significant support fromFast-food giants, however, did not donate to Sanders' campaign. Feel free to … These include: There are also Trump megadonors in the food and beverage business outside of restaurants, such as Ron Cameron, the The reason for the most recent round of rumors about chains supporting Trump was rooted in the actions of James Bodenstedt — the CEO of Muy Cos., a franchisee of Wendy's, Taco Bell, and Pizza Hut — It is difficult to track franchisees' donations to political groups, simply because there are so many franchisees in the US. While these donations go to political groups across the board, support tends to skew towards Republican candidates. *Based on data released by the FEC on July 31, 2020 except for independent expenditure and communication cost, contributions to federal candidates, and contributions from individual donor data, which were released by the FEC on June 26, 2020.Feel free to distribute or cite this material, but please credit the Center for Responsive Politics.
Nor have any major fast-food companies donated to any other 2020 presidential campaigns.That is not to say that fast-food companies aren't donating to any candidates in 2020. Starbucks: Liberal.
But what about executives and people who stand to gain from fast-food chains' popularity? In the 2020 cycle, none of these franchisee PACs reviewed by Business Insider have donated to President Trump's reelection.
The richest president in American history has gotten financial support from nearly one in 10 U.S. billionaires. Most major chains rely on independent franchisees toAdditionally, it can be hard to keep track of what locations are run by which franchisee if someone does decide to boycott based on political donations.
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