• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

SLD Chicago News

Stories. Lives. Dealin's. CHICAGO

SLD CHICAGO NEWS
Stories. Lives. Dealin's. CHICAGO

  • Home
  • BUSINESS
  • LOCAL NEWS
  • POLITICS
  • REAL ESTATE
  • Meet the Team
  • About/Contact

Defying Trump, House Republicans who voted to impeach flooded with campaign donations

by

Overall, corporate, leadership and conservative PACs gave $1.6 million to the House incumbents, compared to $17,500 for challengers. Prosperity Action PAC, started by former House Speaker Paul Ryan, gave to all 10 incumbents who voted to impeach. The PAC for Alphabet Inc.’s Google gave to nine of them.

Entrepreneur Kimbal Musk, the brother of Elon Musk, who has supported both Democrats and Republicans, gave $2,800 to each of the 10. They also each got $2,800 contributions from Chris Larsen, co-founder of Ripple Labs Inc. and $2,900 from John Chambers, the former executive chairman and chief executive officer of Cisco Systems Inc.

Some longstanding Democratic donors who poured millions into super PACs that supported President Joe Biden also crossed over to donate to the 10 Republicans who voted to impeach. Seth Klarman, CEO of Baupost Group LLC and Stephen Mandel, founder of Lone Pine Capital, each made $2,900 donations to the 10 incumbents.

But Republicans poured in money, too. Cheney, who raised the most among the 10, got $10,000 donations from Senator Mitt Romney’s Believe in America PAC and the Republican Jewish Coalition PAC, and $5,000 from leadership PACs led by Ryan, Senators Mitch McConnell of Kentucky, Bill Cassidy of Louisiana and Shelley Moore Capito of West Virginia. Hedge fund manager Paul Singer gave her $5,800, the maximum $2,900 for the primary and the election, and her parents, former Vice President Dick Cheney and his wife Lynne, each kicked in $5,600.

Trump said in a statement issued Wednesday through his PAC that he would endorse an opponent to Cheney, one of his most vocal critics, “soon.” Trump also discouraged multiple candidates from challenging her and splitting the vote, but she already has four.

Those four include two state lawmakers, Anthony Bouchard, a senator who raised $334,541, and Chuck Gray, a representative, who raised $173,279, including $133,124 he loaned his campaign.

But all this good luck for the incumbents may not last.

Republican donors who don’t share Trump’s enthusiasm for settling scores are worried that his army of online donors have yet to contribute. The 10 incumbents who voted for impeachment raised just 8.8% of their money from grassroots contributors who give less than $200.

“Trump – and those loyal to his brand – is still king when it comes to bringing in grassroots dollars,” said Dan Eberhart, a Republican donor and fundraiser. “Incumbents who voted against Trump have to be worried.”

High-quality journalism isn’t free. Please consider subscribing to Crain’s.

View Original Source

Filed Under: BUSINESS, Chicago Business - Google

Primary Sidebar

More to See

Share of international homebuyers fell last year

The number of international homebuyers declined sharply throughout the United States in the past year amidst the global COVID-19 pandemic, according … [Read More...] about Share of international homebuyers fell last year

Chicago-area industrial real estate market is tight for smaller companies

Tom Rodeno, 50, a 20-year veteran in representing industrial spaces for Colliers International, based out of the Rosemont office with the title of … [Read More...] about Chicago-area industrial real estate market is tight for smaller companies

Chicago Casino Proposal Deadline Moves to October 29 After Ho-Hum Response

Chicago’s city officials move the deadline for submitting a proposal for the planned casino to October 29, looking for more bidders. Chicago … [Read More...] about Chicago Casino Proposal Deadline Moves to October 29 After Ho-Hum Response

Western Illinois Town Disbands Police Force Due to Budget – NBC Chicago

A community in western Illinois has officially disbanded its police department over budget concerns. East Galesburg has been without its police … [Read More...] about Western Illinois Town Disbands Police Force Due to Budget – NBC Chicago

Chicago cop killed, another injured in violent night

The officer who died was the first Chicago cop shot and killed in the line of duty this year, Brown said. It's the first line-of-duty shooting … [Read More...] about Chicago cop killed, another injured in violent night

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in