Republicans Now Less Dependent on Corporate Cash

[applegrove]

Republicans Now Less Dependent on Corporate Cash

June 14, 2023 at 4:06 pm EDT By Taegan Goddard 25 Comments

https://politicalwire.com/2023/06/14/republicans-now-less-dependent-on-corporate-cash/

"SNIP.......

“Once considered natural political allies, the Republican Party and big business are drifting apart. One sign of their estrangement: GOP lawmakers are weaning themselves off money from corporate political-action committees,” the Wall Street Journal reports.

“Republicans are now less dependent on corporate and industry PACs than at any time in the past three decades… Instead, they are turning to smaller donations from millions of individuals who tend to be wary of big-businesses priorities such as free trade.”

.........SNIP"

[TheRealNorth]

1. I think there is another perspective...

Most of the money Republicans need to win their election (if they are running in a competitive district or state) comes from dark money groups funded by millionaires and billionaires that attack their opponents. So this monetary assistance doesn't show up since it is not given to a candidate or party.

[applegrove]

3. True.

[crickets]

5. 👆👆 Dark money.

No Labels Is Helping a Firm that Raises Money for Right-Wing Extremists

https://www.democraticunderground.com/1016354190
https://www.motherjones.com/politics/2023/06/no-labels-is-helping-a-firm-that-raises-money-for-right-wing-extremists-anedot/

Donations to No Labels are handled by an online fundraising platform called Anedot. According to its website, Anedot typically charges political groups a 4 percent fee plus 30 cents per transaction. Under that formula, when an online contributor sends No Labels $100, Anedot pockets $4.30. That money bolsters Anedot’s mission to raise funds for the right and the GOP. [snip]

But Anedot, according to Dietzel, thrived. In 2020, he told a conservative news site, “Anedot currently serves more than 1,500 Republican candidates and elected officials, and is the only privacy-focused payment processor built and owned by conservatives.” He added, “Anedot has more Republican customers than all other platforms combined—nearly all of whom support [Donald Trump].”

Anedot’s website boasts that it has processed billions of dollars in contributions since it started, and the groups it cites as key clients are conservative and religious organizations: Focus on the Family, the Susan B. Anthony List (a prominent foe of reproductive rights), the Thomas More Society (a conservative Catholic group that supported Trump’s election deniers), the Reformed Theological Seminary (which is “committed to the Bible as God’s inerrant Word”), and the International Alliance for Christian Education.

[Wounded Bear]

2. I'm sure they're still getting tons of money from wealthy individuals...

who don't have a "corporate image" to protect. PACs make their contributions pretty easy to hide.

[applegrove]

4. Yes. True.