California has proven to be the Democrats largest cash cow state – bringing in $60 million to Biden and organizations that support him since the election cycle began last spring, amounting to nearl…
President Joe Biden disembarks Air Force One to meet, from left, San Francisco Mayor London Breed, U.S. Representatives Kevin Mullin and Nancy Pelosi, at San Francisco International Airport on Wednesday, Feb. 21, 2024, in Calif. The presidential election will be fought in the battleground states of Pennsylvania, Michigan and Wisconsin. But President Biden’s reelection campaign will be paid for, in no small part, by Bay Area billionaires.
California has proven to be the Democrats’ largest cash cow state — bringing in $60 million to Biden and affiliated organizations and political action committees that support him since the election cycle began last spring, amounting to nearly 25% of all his fundraising nationwide. Their names are familiar: During the 2020 campaign when Biden first faced Trump, numerous Silicon Valley luminaries each raised at least $100,000 for his campaign and outside groups, according to Open Secrets. They include LinkedIn founder Reid Hoffmann, who hosted a top-dollar fundraiser for Biden at his Los Gatos home last year; Steve Westly, who held a fundraiser at his Atherton home; venture capitalist John Doerr; and veteran Democratic fundraiser Susie Tompkins Buell.
Indeed, Donald Trump, who is on trial in a hush money scandal in New York, reportedly met with oil industry executives last month and offered them a “deal,” according to the Washington Post: Raise $1 billion for his campaign in exchange for his promise to dismantle Biden’s clean energy agenda that encourages electric vehicles, solar energy and wind power.
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