Interesting. From my standpoint (CEO of a company that co-signed here) this isn't money spent. We already have a flexible vacation policy, and this just makes it explicit that civic engagement can be counted against that. Agree that it does amplify the voice of tech as a demographic, which is, sadly, not reflective of the general U.S. population.
The flip side is that a fund dedicated to compensating part-time working minorities to participate in politics would likely be painted as "protest checks". Would love to tease this out more though.