RSN Fundraising Banner
FB Share
Email This Page
add comment
Print

Excerpt: "The death of Sheldon G. Adelson, the casino magnate who used his vast fortune to tip the balance of power in Washington over the last decade by helping Republicans take control of the House, the Senate and eventually the White House."

Sheldon Adelson, with his wife, Miriam, talks with then-Secretary of State Rex Tillerson before a 2017 speech by President Trump at the Israel Museum in Jerusalem. (photo: Evan Vucci/AP)
Sheldon Adelson, with his wife, Miriam, talks with then-Secretary of State Rex Tillerson before a 2017 speech by President Trump at the Israel Museum in Jerusalem. (photo: Evan Vucci/AP)


ALSO SEE: Sheldon Adelson, Billionaire Donor
to GOP and Israel, Is Dead at 87

How Sheldon Adelson's Death Could Affect the GOP's Future

By Jeremy W. Peters and Shane Goldmacher, The New York Times

12 January 21


The death of Mr. Adelson, who spent over half a billion dollars to boost Republicans, may complicate their efforts to regain control of Congress. “A next generation of Sheldon-level giving does not readily exist,” one strategist said.

he death of Sheldon G. Adelson, the casino magnate who used his vast fortune to tip the balance of power in Washington over the last decade by helping Republicans take control of the House, the Senate and eventually the White House, adds another element of uncertainty for the party as it faces a bitter reckoning over President Trump’s legacy.

Already, the fallout over the deadly siege on the Capitol by Trump supporters last week has hit the Republican Party financially, with several blue chip corporations like Marriott and Blue Cross Blue Shield announcing that they will suspend donations to members of Congress who supported Mr. Trump’s efforts to overturn President-elect Joseph R. Biden Jr.’s victory.

And while it seems likely that Mr. Adelson’s wife, Dr. Miriam Adelson, will continue with some of their family’s political giving, his passing Monday night at the age of 87 leaves Republicans without a benefactor whose donations were so crucial to the party’s success that only a small number of billionaires, like Charles Koch, rivaled his influence.

READ MORE

e-max.it: your social media marketing partner
Email This Page

 

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN