When Charles
Myers, the chairman of a financial advisory firm, hosted four relatively
unknown Democratic congressional candidates at his Midtown Manhattan
home last month, he netted more money than he can remember collecting
from an event that wasn’t headlined by a presidential candidate.
“More
than ever in my 26-year career on Wall Street, donors are willing to
look way beyond concerns of overregulation from Democrats,” said Mr.
Myers, a longtime Democratic fund-raiser. They just want to elect
“Democrats to serve as a check” on President Trump.
The stock market may be booming. Unemployment is hitting record lows. Republicans pushed through $1.5 trillion in tax cuts.
But
despite all that, for the first time in a decade, the broader financial
community is on pace to give more money to Democratic congressional
candidates and incumbents than their Republican counterparts, according
to data from the Center for Responsive Politics, a nonpartisan group
that tracks campaign donations.
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Source: The New York Times (via Empire Report New York)
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