Trump's Policies Are a Boon to the Super Rich. So Where Are All the Seven-Figure Checks?

[brooklynite]

New York Times

Mr. Trump is hardly lacking for cash; he has received huge numbers of small donations online from a fervent grass-roots base, and he raised a jaw-dropping $165 million in July for his campaign and the two fund-raising committees that he shares with the Republican National Committee. The Trump Victory fund, one of those committees, has also collected respectable sums through donations that cannot exceed $580,600 — as opposed to super PACs, which are vessels for unlimited contributions.

But the president’s sagging popularity, driven by his erratic and divisive behavior during the coronavirus crisis, has prompted some of the wealthiest Republicans — the heavy artillery of modern politics — to delay, divert or diminish their giving, just as Joseph R. Biden Jr. has begun to tap a rich vein of Wall Street and Silicon Valley support, party operatives and donors said in interviews.

In 2016, that group — donors giving at least $500,000 — shelled out a total of $71 million to four major Trump-backing super PACs, which America First was created to replace during the 2020 cycle. In contrast, with less than three months to go until the 2020 election, America First has raised only about $35 million from donors offering $500,000 or m