House GOP candidates have decided they don't need corporate money, and big business doesn't want to deal with the baggage — or the insurrection.
This stinginess could be remembered as the final act in the GOP’s slow-motion breakup with corporate America, a relationship-unraveling years in the making. It’s a jarring split that stands to reshape American politics, furthering the realignment of the Democratic and Republican parties and upending policymaking on Capitol Hill.
In other words, corporate execs should start preparing to be hauled up to Capitol Hill and grilled in committee bychairmen. Tech firms should start looking over their shoulder at the possibility of House Republicans collaborating with the Biden administration on antitrust issues. Corporate America should think about looking elsewhere, wherever that might be, for a new political shield against Democratic and union attempts to further regulate their business practices.
Veteran Republican lawmakers, those around since before Trump began his wholesale renovation of the party in 2015, are in a slightly different camp. Their connections to corporate lobbyists and executives are managing to persevere. But for the increasing number of populist Republicans who came to Washington in the Trump era, ties to corporate America are thin, if that. And those elected in 2020? Those poised to advance to Congress this year? Try virtually nonexistent.
Politicians are just like you and me. They want to get a job and keep a job. In turning away from their longstanding alliance with corporate America, they are responding to incentives. Meanwhile, many of the GOP’s former Democratic voters who don’t trust big business make a big exception for energy and defense-related industries, and a few others. Why? It’s where they work. There’s another aspect to this: The PACs controlled by corporations in these industries did not stop contributing to congressional Republicans after January 6, 2021.
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