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Microsoft announced Friday it will suspend contributions for the rest of the 2022 election cycle to all members of Congress who voted to object to the presidential election results.

Driving the news: The decision comes after Microsoft held listening sessions with employees to discuss the future of its political action committee after the Capitol riot.

The big picture: Businesses are seriously reconsidering their approaches to political giving following the riot, and future giving will surely not go without scrutiny.

Yes, but: It's possible regular giving resumes after this election cycle, once businesses feel enough time has passed since the riot and emotions aren't as high.

What's happening: In addition to suspending of giving to certain members of Congress, state officials and organizations who said the presidential election should be overturned, Microsoft will now allow employees to donate directly to causes like campaign finance reform and voting rights.

  • The company is also renaming its PAC to the Microsoft Corporation Stakeholders Voluntary PAC.
  • Microsoft had previously suspended all political giving pending the review that led to Friday's announcement.

What they're saying: "We believe these steps are appropriate given the importance of these issues for the stability and future of American democracy," Fred Humphries, VP of U.S. government affairs for Microsoft, wrote in a blog.

Go deeper

Updated Feb 2, 2021 - Axios Events

Watch: A conversation on corporate America's climate impact

On Tuesday, February 2, Axios' Mike Allen, Ben Geman, and Aja Whitaker-Moore hosted a conversation on corporate America’s climate impact following the World Economic Forum’s Davos Agenda, featuring Microsoft's Chief Environmental Officer Lucas Joppa and The Rockefeller Foundation President Rajiv Shah.

Rajiv Shah discussed increasing global inequities as a result of the pandemic, and how these economic divides can be crossed with respect to energy and climate change policies.

  • On the growing gap between the world's wealthy and poor: "COVID-19 is an accelerant of that [economic] divergence. We're now living through the greatest divergence we've seen since World War II and the living standards of people and inequality and inequity as a result of that."
  • On how corporate America has stepped up their commitment to climate change initiatives: "It is going to take much more than a series of corporate commitments to get to net neutrality by 2050. And in fact, I'm optimistic because I've seen companies since [the beginning of 2020] do more."

Lucas Joppa unpacked climate change commitments within the private sector, and how companies have the potential to collectively create change.

  • On the progress Microsoft has made around reducing carbon emissions: "A year ago we committed that by 2030, we'd reduce our emissions by half or more and remove the rest. Over the past calendar year...if we keep on track, we'll see us meeting or achieving our commitments."
  • On setting an example as a large company and modeling scalable solutions: "It's incumbent upon [Microsoft] to do more, but it's also incumbent that we do more in a way that makes it easier for everybody to follow. We know with carbon reduction and carbon removal there's a lot of market maturation and a lot of other societal scale changes that need to happen [around it]."

Thank you Bank of America for sponsoring this event.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.

Advocates fret Roe v. Wade's 49th anniversary could be its last

Photo: Leigh Vogel/Getty Images for Women's March Inc

As Saturday marks the 49th anniversary of Roe v. Wade, the Supreme Court's landmark decision that legalized abortion access in the U.S., advocates warn the ruling is "more at risk now than ever."

The big picture: The Supreme Court in December heard a challenge to a Mississippi 15-week abortion ban that could throw Roe's survival into question, or at least narrow its scope.