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An annual assessment by the Center for Political Accountability shows many S&P 500 companies are spending less on direct donations to political races and election-related causes than in recent years. Additionally, those S&P 500 companies that are still making political donations are moving toward more transparency. Changing political winds and growing publicity risks have created a climate in which major corporations are finding it’s safer to cut direct political ties. But with valuable interests and influence to protect, corporations are still impacting political outcomes in other ways.

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Follow Kimberly Adams at @KA_Marketplace