If anything, the biggest backers of Trump’s false election-fraud narrative - such as Missouri Senator Josh Hawley and Georgia Representative Marjorie Taylor Greene - have been rewarded with a flood of grassroots donations, more than offsetting the loss of corporate money. And contributions from both small donors and rich individuals looking to fight the Democratic agenda have poured into the party’s fundraising apparatus.
The boycott’s limited impact underscores the diminishing role of corporate money in U.S. politics. Individual donations of $200 or less have made up a growing share of campaign money in recent years, while the share given by corporate America shrinks.
Republican fundraising operations supporting Senate and House candidates raked in a combined $15.8 million in January alone on the strength of small-dollar donations. These groups outraised their Democratic counterparts by more than $2 million that month, regulatory filings show.
In a sign the corporate backlash may already be fading, the U.S. Chamber of Commerce, the nation’s leading business lobby, said Friday that it has decided not to boycott the Republican lawmakers after discussions with more than 100 companies.