The Endless Chaos of Trump's Presidency Has GOP Donors in Panic Mode
After pinning their hopes on Trump's presidency, many GOP donors are now looking to the midterm elections with unease.
“If you’re not concerned, you’re not paying attention,” Mississippi-based GOP strategist and veteran fundraiser Austin Barbour told the Miami Herald. “President Trump was elected because people believed in what he was saying, that he was going to turn the country around, bring more and better jobs to the country, fix the issues with immigration."
"They’ve got to deliver on that," Barbour continued. "They’ve got to be able to work with Congress to get things done.”
A White House in constant chaos does not bode well for maintaining the Republican majority in Congress come 2018, and Trump's continued legal troubles threaten to stifle his legislative agenda.
"Now look, if you had a stronger Democratic Party, which they are laughably, pathetically weak at this point, and not control of the government—three branches, okay, which is what the Republicans obviously have—they should be able to get things done," commented "Young Turks Nation" host Jeff Waldorf on Thursday.
"And of course Donald Trump, all the different stuff about Russia and Comey that is overshadowing any attempt to do anything that he wants," Waldorf added.
The Senate rewrite of the Obamacare replacement bill passed by the House on May 4 could provide a major indicator of progress. But Trump's following through on a tax plan, including a 15 percent corporate tax cut, is what donors are watching most.
"They want to cut individual tax rates; they want to reduce the amount of tax brackets, so that's like, the Republican dream. They want to get rid of taxes, because you know, they want their donors to have more and more money," explained Waldorf. "That's what the donors pay the Republicans to do."