How Big Business Fell Out Love with the GOP

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'The story of how the Republican Party lost Big Business'

. In previous decades, Big Business and Republicans might gripe about each other in private but profess solidarity publicly; now they don’t hide their differences.Donald Trump’s takeover of the Republican Party could have been the best thing for the business community. Instead very few major corporate leaders publicly endorsed either of his campaigns for office with Trump’s financial support largely coming from small donors. In 2020 the overwhelming majority of billionaires.

Above all Big Business wants stability—stable democracy, stable markets—which Trump showed he couldn’t provide. CEOs had rallied around him enthusiastically in January 2017 after the creation of his business advisory council, but that affection was short-lived.

Three years later, when Trump was denying the reality of the 2020 election results, scores of big business leaders joined forces in meetings to persuade GOP legislators to smooth the succession process quickly. Following the worst assault on the Capitol since 1812, companies pledged to use their political influence to defend democracy in its aftermath by pledging a temporary moratorium on those 127 legislators who refused to ratify the already certified Electoral College results.

Business stood by their resistance to those GOP politicians undermining the electoral process. According to 2022 FEC filings, total corporate giving to election objectors fell a staggering 60 percent from calendar year 2019, the equivalent stage of the

 

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Oh?

small business bailed as well, at least in my circles

WHO Wants THIS KIND of Big Business?🤷🏼‍♀️

But have they really? I don’t see a decrease in their contributions, or have I missed something?

Great article.

The Tallahassee Nazi has turned Disney World into Mauswich.

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 /  🏆 93. in TH

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