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Wealthy Donors Boost Republican Funding Amid Economic Shift

3/26/2026

26 3 Full Breakdown

Summary

Story summary

Thomas Edsall of The New York Times reports that wealthy donors are expanding support for Republicans in response to U.S. President Donald Trump’s economic policies.
Federal Reserve data show the top 0.1 percent increased its share of U.S. wealth from 8.6 percent in 1989 to 14.4 percent in 2026.
Contributions to Republicans rose from $300 million in 2022 to nearly $1 billion in 2024, while Democratic donations declined.

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Story summary

Thomas Edsall of The New York Times reports that wealthy donors are expanding support for Republicans in response to U.S. President Donald Trump’s economic policies.
Federal Reserve data show the top 0.1 percent increased its share of U.S. wealth from 8.6 percent in 1989 to 14.4 percent in 2026.
Contributions to Republicans rose from $300 million in 2022 to nearly $1 billion in 2024, while Democratic donations declined.