Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Joe Biden's made-for-TV inauguration celebration was bankrolled by dozens of corporations who do business with government

Joe Biden's made-for-TV inauguration celebration was bankrolled by dozens of corporations who do business with government

President Joe Biden's inaugural committee collectively raised eight-figures from dozens of corporations, many of which do business with government.

Numerous corporations helped bankroll President Joe Biden's made-for-TV inauguration celebrations, together contributing well into the eight-figures to fund the festivities, according to new disclosure documents filed with federal regulators.

Many of these corporations spend tens of millions of dollars annually to lobby and otherwise influence the federal government, including Congress and the White House. And some also are government contractors who stand to make millions — even billions — of dollars off the deals they strike with the Biden administration.

Several companies contributed $1 million, including Bank of America, AT&T, Comcast Corp., Boeing, Qualcomm Inc., drug maker Pfizer, Uber Technologies, defense contractor Lockheed Martin, medical technology company Masimo Corporation and motion picture company Levantine Entertainment LLC.

Fidelity National Financial Inc. and mortgage lending holding company Rock Holdings Inc. each gave $750,000.

Several corporations donated to Biden's inaugural committee at the $500,000 level, including drug maker Amgen, Charter Communications, Centene Management Company, Dow Chemical Company, FedEx, General Motors, Microsoft and the Nucor Corporation.

Corporate donors at the $250,000 level inc ude Anheuser Busch Companies, Airbnb, Doordash Inc., Dupont Specialty Products USA, Ford Motor Co., Higherschool Publishing Company, investment firm Cannae Holdings LLC, and Secure Identity LLC, the company behind the CLEAR screening system used at many airports.

Other notable corporate donors include Google ($337,500), United Airlines ($228,223), Walmart ($150,000), law and lobbying firm Holland & Knight ($150,000), Otsuka America Pharmaceutical Inc. ($150,000), the National Football League ($100,000), company review site Yelp ($100,000), MetLife ($100,000), Bravia Capital Partners ($100,000), Visa ($50,000), and Enterprise Rent-A-Car and its corporate PAC ($50,000).

Oh Boy Records Inc., founded by the late musician John Prine, gave $20,000.

Several prominent unions also contributed big amounts to Biden's inaugural committee, including the International Brotherhood of Electrical Workers, which led the way with $1 million.

The nonprofit Sherwood Foundation, which "promotes equity through social justice initiatives," also contributed $1 million.

Various political megadonors individually contributed five- and six-figure amounts, led by several who gave $500,000, including media mogul Haim Saban, hedge fund manager Kenneth Griffin, asset manager Donald Sussman, and healthcare executive Jean-Pierre Conte.

Investor Chris Sacca and wife Crystal Sacca gave $500,000 each. Bill and Melinda Gates each gave $250,000.

In all, the Biden inaugural committee raised more than $63.8 million, according to its filing. In contrast, President Donald Trump's 2017 inauguration raised $107 million — and has since come under legal fire for how it spent the cash.

Few federal rules govern inauguration money, and the incoming president largely determines what kinds of money to accept and how much.

Biden's inaugural committee was responsible for funding five day's worth of programs, including nationally-televised musical performances, celebrity appearances, speeches, and the like. Most were virtual affairs because of the COVID-19 pandemic.

Biden's January 20 swearing-in ceremony at the US Capitol, and the unprecedented security around it, was primarily funded by the federal government, with help from state and local governments.

The White House did not immediately respond to requests for comment.

Singer Katy Perry performs at President Joe Biden's inauguration celebration on January 20, 2021, which dozens of corporations helped fund.


Big perks for big donors


Through interviews and obscure federal lobbying disclosures, Insider had previously identified 10 corporations that each gave at least $100,000 to Biden's inaugural.

Among them: Boeing Co., AT&T Inc., Microsoft Corp., Comcast Corp., Dow Chemical Company, managed care giant Centene Corp., and the Masimo Corporation.

Top-dollar inauguration donors received a host of perks, including VIP treatment at inaugural events, access to a "virtual event" with Biden, Vice President Kamala Harris, and their spouses, and tickets to a "future in-person event."

Biden's inaugural committee chose to accept most corporate and union contributions — it excluded fossil fuel companies and executives — of up to $1 million.

Although it vowed to reject contributions from individual, registered federal lobbyists, Biden's inaugural committee did accept money from corporations that in turn hire lobbyists to influence federal policies, rules, and regulations on their behalf.

President Barack Obama took a much different approach for his first inauguration, when Biden was sworn in as vice president. Back in 2009, Obama banned corporate and union contributions and capped individual contributions at $50,000.

Biden's rules for his own 2021 inauguration are more similar to the comparatively permissive contribution policies set forth by Obama's second inauguration committee in 2013 and President Donald Trump's inauguration committee.

Until now, Biden's inaugural committee had only volunteered snapshots of its income.

In early January, Biden's inaugural committee voluntarily posted on its website the names and states of inauguration contributors, stating that it was "committed to transparency."

But these online disclosures did not include the dates or dollar amounts of the contributions. Nor did they include information about the donors' employers or occupations — information helpful in distinguishing one "Jane Smith" from another "Jane Smith."

Then, sometime after January 27, this donation information disappeared from Biden's inaugural website altogether. The White House declined to say why.

"The Inauguration Committee will comply with any financial disclosure requirements," the White House said at the time in a statement to Insider.

But several liberal political groups, as well as a host of nonpartisan government watchdogs, told Insider that Biden could — and should — have done more.

Federal law doesn't require presidential inauguration committees to publicly release details about their spending. Biden's committee could have voluntarily disclosed how it spent the huge amounts of money it raised, but it declined to do so.

Nevertheless, it became evident that Biden's inauguration committee literally burned some of its cash: The star-studded, nationally televised celebration it produced included a massive fireworks show over the National Mall as singer Katy Perry belted her 2010 hit "Firework" while standing near the Lincoln Memorial.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Tokyo’s Jimbōchō Named World’s Coolest Neighbourhood for 2025
European Officials Fear Trump May Shift Blame for Ukraine War onto EU
The Personality Rights Challenge in India’s AI Era
Italy Considers Freezing Retirement Age at 67 to Avert Scheduled Hike
Italian City to Impose Tax on Visiting Dogs Starting in 2026
Study Finds No Safe Level of Alcohol for Dementia Risk
Trump Says Ukraine Can Fully Restore Borders with NATO Backing
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
×