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Trump, Republican National Committee turn to titans of industry to help raise over $100 million


Added 07-15-19 10:02:01pm EST - “President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Trump, Republican National Committee turn to titans of industry to help raise over $100 million in second quarter”. Below is an excerpt from the article.

President Donald Trump and the Republican National Committee turned to the titans of industry for help raising over $100 million in the second quarter of 2019, according to one of their latest filings.

The Trump Victory Committee, a joint fundraising operation between the Trump campaign and the RNC, showed they have successfully captured some business leaders who helped finance their previous 2016 opponents. The combined fundraising organization finished raising $29 million with $19 million on hand.

The decision by these business leaders to align themselves with Trump — just over a year before the general election — shows that Democrats could have a tough road ahead convincing these executives, who have fared well under the current administration with tax cuts and deregulation, to help finance their campaigns. It also shows the stranglehold Trump has on the Republican donor class.

The Wilks brothers, Dan and Farris, combined to give $100,000 to the organization in April, the committees quarterly filing showed. The two founded a fracking company known as Frac Tech in the early 2000's and were later supporters of Sen. Ted Cruz when he ran for president against Trump. At the time, they contributed millions to the pro-Cruz super PAC, Keep the Promise III. Their combined wealth is at least $3.5 billion, according to Forbes.

Another new member of the Trump fundraising apparatus is Stephen Rosenberg. He's the founder and CEO of real estate behemoth Greystone and wrote a check for $360,600 to Trump Victory. Records show that Rosenberg backed Hillary Clinton's previous campaign for president, according to the nonpartisan Center for Responsive Politics.

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