June 8, 2025

2001 times

2001 times

Corporate Influence Who's Backing Harris and Trump in 2024?

Corporate Endorsements Heat Up Ahead of 2024 US Presidential Election Harris vs Trump

2001times team September 28, 2024

As the November 5 presidential election approaches, major corporations are making their political affiliations clear, significantly influencing the campaign landscape. This year, the race is shaping up to be a showdown between Democratic candidate Kamala Harris and Republican contender Donald Trump.

Tech Giants Favor Harris, Billionaires Back Trump

In a notable divide, employees from leading tech firms like Microsoft, Google (Alphabet), Amazon, and Sun Microsystems have collectively contributed millions to Kamala Harris’s campaign. According to OpenSecrets, these donations significantly outpace those made to Trump.

Conversely, high-profile tech billionaires such as Elon Musk, Mark Zuckerberg, and Peter Thiel have publicly aligned themselves with Trump, although specific financial contributions from them remain undisclosed. Their statements and support indicate a strong preference for Trump’s policies.

Trump Uses Zuckerberg’s Testimony as Political Tool

Trump has leveraged a letter from Zuckerberg to the House Judiciary Committee, which alleges that the Biden administration pressured Meta to censor content during the COVID-19 pandemic. This letter has become a focal point in Trump’s campaign narrative, emphasizing claims of governmental overreach.

Banking and Oil Industries Rally Behind Trump

While the tech sector is predominantly backing Harris, traditional industries such as banking and oil are solidly supporting Trump. His promises to reduce taxes and roll back regulations resonate well with these sectors. Additionally, Trump’s skepticism towards climate initiatives, which he labels as a “fake” mission, appeals to companies invested in fossil fuels.

As corporate America increasingly weighs in on the 2024 presidential election, the ideological split between industries illustrates the broader national debate. With financial contributions and public endorsements at play, the stakes are higher than ever as both candidates prepare for the final push leading up to Election Day.

 

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