Billionaire Republican Donors Are Now Giving To Manchin And Sinema
As Sens. Joe Manchin (D-W. Va.) and Kyrsten Sinema (D-Ariz.) stood in the way of President Joe Biden’s agenda last year, they attracted the support of a small–but very rich–cohort: billionaires who gave money to Donald Trump’s previous campaigns.
In 2021, Manchin and Sinema received campaign contributions from at least 13 billionaires who previously donated to Trump, according to an analysis of Federal Election Commission records. Among the donors: Continental Resources chairman Harold Hamm, investor Ken Langone, and Apollo private equity CEO Marc Rowan. At least 10 gave to Manchin, while at least six gave to Sinema. Some of the billionaires gave to both. Such support is new: Between 2017 and 2020, only three billionaires gave to both Trump and Manchin. One gave to Trump and Sinema.
“This is something that we see when particular members become more prominent,” says Robert Maguire, a campaign finance expert who serves as research director at Citizens For Responsibility and Ethics in Washington. “Funding becomes more nationalized. We start to see that people who want access and influence to powerful members start giving to them.” Long-time Republican donors, he added, “are going to want to support any Democrat who is going to stymie Joe Biden’s agenda.”
The maximum amount of money that Manchin and Sinema’s campaigns can legally receive from any one individual is relatively small—during this election cycle, the limit on contributions is $5,800. These sorts of contributions nonetheless seem to provide access to powerful lawmakers. Billionaire activist investor Nelson Peltz donated to Manchin’s campaign in 2017 and hosted a fundraiser for Trump in 2020. The investor explained his relationship with Manchin on CNBC in October, saying he has known the senator for a decade and calls him “every week.”
https://www.forbes.com/sites/michelatindera/2022/02/04/billionaire-republicans-are-now-donating-to-manchin-and-sinema/?sh=76acd74e1bd9&utm_source=ForbesMainTwitter&utm_campaign=socialflowForbesMainTwitter&utm_medium=social
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They spelled still wrong
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