Megadonors Flee Trump As GOP Money Dries Up

Jason Easley at Politicus USA

https://www.politicususa.com/2018/12/21/megadonors-flee-trump-as-gop-money-dries-up.html

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Mercer and his family didn’t make as many political contributions in 2018 as they had in previous cycles, especially in contrast in the 2016 cycle, when Trump ran for president. Political strategists believe Mercer’s lack of involvement this year should sound the alarm for Republicans looking for assistance in the fundraising game when they fight for Trump’s re-election in 2020.

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“They’ve disappeared,” a prominent Republican bundler told CNBC, referring to Mercer and his daughter Rebekah, another prominent GOP backer. “I think they just don’t like being in the spotlight,” this person added.

“He’s out,” said a former associate of Mercer. “He’s not going to play any major role going forward. They’re tired of the attacks from the Democrats and the media constantly ganging up on them.”

The Republican Campaign Finance System Runs on Megadonors

While Democrats have never mastered dark money and super PACs, the Republican system of campaign finance is dependant on them. It is not an overstatement to suggest that a handful of billionaires have an outsized influence on the Republican Party. When these billionaires start giving less money, it leads to the sort of financial problems that the party in the 2018 midterm.


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