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Robert Reich: Who's the Biggest Money Behind the Throne?
Link: https://robertreich.substack.com/p/the-money-behind-the-throne
It’s important that we demonstrated against Trump’s assertion of royal powers.
It’s at least as important to follow the money — and learn the identities of America’s billionaire royalty who crowned Trump in the first place. They’re now spending another regal fortune to keep Congress under his control.
Today I’m going to name names.
As of March 1, according to a new report from Americans for Tax Fairness, the 50 biggest-spending billionaires in American politics had already contributed over $433 million to the upcoming midterm political campaigns.
Not surprisingly, 80 percent of this haul is in support of Republican candidates or conservative issue groups.
Given how early we are in the process, and how contributions tend to accelerate closer to Election Day, 2026 will almost surely set a new record for billionaire money in midterm elections. (Because of our current pathetically weak campaign finance laws, courtesy of the Supreme Court, fat-cat contributors are funneling huge sums through super PACs. While such spending is supposed to be independent of the campaign being supported, rules against coordination are now going largely unenforced.)
- more at link -
It’s at least as important to follow the money — and learn the identities of America’s billionaire royalty who crowned Trump in the first place. They’re now spending another regal fortune to keep Congress under his control.
Today I’m going to name names.
As of March 1, according to a new report from Americans for Tax Fairness, the 50 biggest-spending billionaires in American politics had already contributed over $433 million to the upcoming midterm political campaigns.
Not surprisingly, 80 percent of this haul is in support of Republican candidates or conservative issue groups.
Given how early we are in the process, and how contributions tend to accelerate closer to Election Day, 2026 will almost surely set a new record for billionaire money in midterm elections. (Because of our current pathetically weak campaign finance laws, courtesy of the Supreme Court, fat-cat contributors are funneling huge sums through super PACs. While such spending is supposed to be independent of the campaign being supported, rules against coordination are now going largely unenforced.)
Please note: at the OP link, Robert Reich gives detailed info on each one of these billionaire donors. As you can see by the chart, 12 of the donors/PACs are giving to the Repukes, while 3 are benefiting the Democratic candidates. Please see the OP article for more info on each of these donors.
2 replies
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The ATF Report that Robert Reich references is here:
https://americansfortaxfairness.org/billionaire-kingmakers/
This names the top wealthiest PAC funds, but Mr. Reich has broken it down in his blog to individual billionaire families.
