Republicans are increasingly cutting their reliance on corporate donors and turning to small-dollar donors instead as they push forward with a nationalist-populist legislative agenda, an analysis from the Wall Street Journal finds.
The shift has been clear for House Speaker Kevin McCarthy where, in 2016, more than 40 percent of his reelection campaign funds came from corporate political action committees . By 2022, corporate PACs made up less than three percent of McCarthy’s donors.
Meanwhile, every Senate Republican incumbent has reduced their corporate PAC donations from 2016 to 2022. Since former President Donald Trump’s historic victory in 2016, the Senate GOP has elected a wave of national populists — including Sens. Marsha Blackburn , Bill Hagerty , Josh Hawley , J.D. Vance , Katie Britt , Ted Budd , and Markwayne Mullin .
Other Senate Republicans, elected before Trump’s 2016 win, have made a hard right shift toward populism, such as Sens. Marco Rubio , Steve Daines , and Tom Cotton .“Gone are the days that Republicans are going to sit on the sidelines as big behemoths take advantage of the American people,” Blackburn told theIn 2014, corporate PAC donations accounted for about 25 percent of Daines’ campaign funds while running for his seat, thenoted.
The rail reforms are co-sponsored by Rubio and Hawley as well as Sens. Mike Braun , Mitt Romney , and Roger Marshall . Conservative beltway groups, some
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