The GOP megadonors with buyer’s remorse

The GOP megadonors with buyer’s remorse

Charlie Sykes writes:

Peter Thiel is (allegedly) having second thoughts.

The billionaire, right-wing megadonor reportedly has decided that he’s done bankrolling political candidates because Republicans are too focused on fighting cultural battles over abortion and transgender rights.

If true, he’s not alone. Billionaire GOP donor Thomas Peterffy similarly told the Financial Times in April that he had qualms about Florida Gov. Ron DeSantis’ relentless crusade against abortion, drag queens and “woke” books. “I have put myself on hold,” he said. “Myself, and a bunch of friends, are holding our powder dry.” (A few days later, Peterffy wired $1 million to Virginia Gov. Glenn Youngkin’s political action committee.)

The trickle of discontent threatens to become a deluge. Other well-heeled GOP donors, including Citadel CEO Kenneth Griffin, are also reportedly rethinking their 2024 contribution plans. Andy Sabin, chairman of Sabin Metal Corp., expressed similar reservations, telling Reuters, which also reported Thiel’s alleged decision to stop funding Republican campaigns, citing interviews with his associates, that “if it wasn’t for abortion and the book-banning, there would be no question I would support [DeSantis].” [Continue reading…]

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