

While some are expected to continue backing candidates that are aligned with Trump - Chicago Cubs co-owner Todd Ricketts is the Republican National Committee finance chair - their unwillingness to defend the president and his supporters at a crucial moment could be a sign of their discomfort with the direction of the party. Key GOP donors including the Ricketts family of Chicago, Home Depot co-founder Bernie Marcus and financier Ken Griffin declined to comment on their giving plans in the wake of the attack on the Capitol. The Koch action, coming amid a resounding silence among Trump allies, suggests that megadonors - a small class of brand-name billionaires who give from tens to hundreds of millions of dollars per election cycle - also feel that their reputations are on the line if they back lawmakers who supported Trump’s claims of election fraud. Many of those businesses were acting in response to pressure from clients and customers. The Koch move comes after numerous corporate PACs began suspending their donations to Republicans who challenged President-elect Joe Biden’s victory last week. Billionaire Charles Koch has become increasingly dissatisfied with the tactics and policies of President Donald Trump and did not support him during his 2016 or 2020 election bids.

Seidel’s statement follows months of the network working to operate more independently of the Republican Party.
