A new report from the Financial Times finds that Republican mega-donors are giving up on re-electing Donald Trump and are instead doubling down on a strategy of “protecting the Senate at all costs — even if it means sacrificing the Oval Office.” Some of the GOP’s most prolific donors have shifted their attention from the Trump campaign to writing multi-million dollar checks to help keep Mitch McConnell as Majority Leader.
Here’s how Dan Eberhart, a Big Oil executive and major GOP donor, explained the urgency motivating donors to funnel cash to Republican senators and McConnell-aligned Super PACs: “Our incumbents are in a bad way, even in reliably red states, and they are being swamped by Democratic fundraising. Democrats have been able to broaden the map, forcing the NRSC to spend on states they normally wouldn’t have to.”
“With vulnerable Republicans falling behind their Democratic challengers, it’s no surprise the corporate interests and billionaires who have profited from these Republican incumbents running the Senate are now trying to rescue their losing campaigns,” said DSCC spokesperson Stewart Boss. “The fact that these ultra-wealthy mega-donors are desperate to keep these unpopular incumbents in office underscores why voters will reject their toxic records attacking health care and hold them accountable for failing to put their states first.”
Financial Times: Republicans pour cash into Senate races as Trump trails in polls
Influx of donations comes as president’s re-election bid struggles to match Joe Biden’s fundraising
By Courtney Weaver
Read the full report here.