Trump’s Big Donors From 2016 Want Nothing To Do With Him This Year
Sheldon and Miriam Adelson gave Trump $20 million in 2016 and $10 million in 2018. Trump’s Big Donors From 2016 Want Nothing To Do With Him This Year
President Donald Trump With Linda Mcmahon, A Major Donor And Former Administrator Of The Small Business Administration.
This year, they haven’t given him a dime. Adelson, who makes a huge amount of money from casinos in China, is disturbed about Trump’s anti-China rhetoric.
Sheldon Adelson Makes Trump Beg For Donations
Trump Antagonizes Gop Megadonor Adelson In Heated Phone Call
Despite a tense recent phone call with President Trump — first reported by the New York Times — the most important mega-donor in the Republican Party, Sheldon Adelson, has signaled he is poised to spend big to support the president.
Behind the scenes: Last Monday morning a group of top Republican Party donors gathered at the Four Seasons resort in Jackson Hole, Wyo., for a Trump campaign fundraiser.
The donors gathered in a hotel ballroom, set up like a Silicon Valley retreat, with a yogurt parfait station, according to sources in the room.
* A select few of the party’s biggest donors sent aides in their place — and this was the case with casino billionaire Adelson and his wife, Miriam.
* Adelson’s top adviser Andy Abboud entered the room late, toward the end of the meeting. He raised his hand for a question, and they gave him the mic, according to two sources who were there.
* “I just want to say that I just spoke to the Adelsons,” Abboud announced to the room. “They are 110% behind the president. And that’s going to become apparent shortly.”
Why it matters: The Adelsons have the biggest checkbooks in Republican politics. They spend tens of millions of dollars each cycle, and the recent New York Times story — which reported that in a recent phone call Trump “upbraided [Adelson] for not donating more to support his reelection” — made some Republican officials nervous that Trump had alienated the party’s most important donor.
The White House is worried that just 6 of Trump’s top donors in 2016 and 2018 have given to his reelection bid, according to a new report.
President Donald Trump is failing to attract millionaire and billionaire mega-donors who’ve given to him in the past, according to a New York Times report.
Just six of the top 38 donors to Trump-aligned super PACs over the past two cycles have donated to America First, the super PAC created to gather all the biggest donations to Trump’s 2020 campaign, The Times said.
Meanwhile, Joe Biden, the presumptive Democratic presidential nominee, has raked in massive sums from mega-donors. Pro-Biden super PACs have gathered a combined $45 million in dark money so far this cycle, Business Insider reported on Monday.
President Donald Trump is failing to attract support from most of the mega-donors who bankrolled his 2016 campaign and continued to give to him in 2018, The New York Times reported.
Just six of the top 38 donors to Trump-aligned super PACs over the past two cycles have donated to America First, the super PAC created to gather all the biggest donations to Trump’s 2020 campaign, The Times reported.
Sources told The Times that many donors were concerned about the president’s reelection chances and that some were redirecting their money to groups working to secure the Republican Senate majority, which is increasingly in play.
Sheldon and Miriam Adelson are among the most prominent examples. The Adelsons gave $20 million to Trump in 2016 and $10 million in 2018. They haven’t sent any cash to the president this cycle — reportedly angering him — but they donated $25 million this year to a PAC supporting Senate Republicans. The Times noted that Sheldon Adelson had expressed concerns about publicly supporting Trump’s anti-China rhetoric given the casino magnate’s major business interests in Asia.
Meanwhile, Joe Biden, the presumptive Democratic nominee, has raked in massive sums from mega-donors. Pro-Biden super PACs have gathered a combined $45 million in dark money so far this cycle, Business Insider reported on Monday. That figure is seven times what Hillary Clinton-aligned PACs raised in the entire 2016 cycle. Biden’s biggest PAC raised more than double what America First did in June.
Democrats have increasingly campaigned against dark money, and some, such as Sen. Elizabeth Warren, have banned corporate PAC money and shunned major fundraisers during their campaigns.
Business Insider’s Dave Levinthal reported that many Democrats were putting those concerns aside in their race to defeat Trump.
Linda McMahon, the former Small Business Administration chief and a major Trump donor who now leads America First, said in June 2019 that she thought the PAC and its associated nonprofit would raise $300 million for Trump’s 2020 campaign. The Times reported that the two groups had raised just $107 million this cycle.
McMahon, who donated $7 million to Trump’s 2016 bid, has blamed the pandemic and the economic crisis for the significant gap in funds. She’s given $4 million of her own money to Trump’s reelection.
Even some mega-donors who’ve continued to send big sums to Trump have been openly critical of him.
“Obviously, Trump, you wish sometimes he would just shut up — don’t go there, it’s not necessary,” Liz Uihlein, a shipping-supply company magnate, told The Times. Uihlein and her husband have given Trump $3 million this cycle.
The Times reported that, despite Trump’s success with smaller donors, both Vice President Mike Pence and Jared Kushner, Trump’s son-in-law, were worried about the lack of big money.
But there are still three months until the election, and big donors have a history of coming through in the last crucial days of a campaign.
President Donald Trump is struggling to get his loyal donors from 2016 to invest in his 2020 campaign.
With just months until the election, BusinessInsider explained that the millionaires that helped bankroll Trump and continued to give in 2018 are nowhere to be found as the election nears.
“Just six of the top 38 donors to Trump-aligned super PACs over the last two cycles have donated to America First — the super PAC created to gather all the biggest donations to Trump’s 2020 campaign, The Times reported,” said BI.
The donors are apparently hedging their bets, fearful that Trump doesn’t have a chance in 2020 and they’re redirecting their money to trying to hold onto the U.S. Senate, which is growing increasingly likely to turn Democratic.
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