Senator Susan Collins has accepted more than $1.2 million from Trump’s top donors. This week, Maine Democrats will highlight why the president’s closest allies are spending big to reelect Collins.
Stephen Schwarzman is “by far the biggest Wall Street donor” to Donald Trump’s reelection, but he’s also a top funder of the shady Super PAC dedicated to boosting Senator Susan Collins’ 2020 campaign. Schwarzman is a conservative hardliner who once famously compared a proposed tax increase on private equity firms to the Nazi invasion of Poland. Schwarzman became a major Collins donor following Collins’ support for the 2017 GOP tax give away and his private equity firm, Blackstone, is ranked as the number two top contributor to Collins’ campaign this election cycle.
Schwarzman and his Wall Street allies lobbied hard for the GOP tax bill, and they’ve rewarded Trump and his key supporters like Susan Collins for their work to get the bill across the finish line with millions in campaign spending. Just yesterday, Scwarzman-linked 1820 PAC launched a new series of attack ads as part of a multi-million dollar effort to prop up Senator Collins’ campaign.
For the last 647 days, Collins has refused to be honest with Mainers about whether she’s voting to reelect the president, but all voters need to do is follow the money to see that Collins is an MVP on team Trump.
“Stephen Schwarzman knows that without Collins in the Senate, Trump will lose his grip on the legislative branch,” said Maine Democratic Party Chair Kathleen Marra. “Senator Collins earned the support of Trump’s Wall Street pals when she voted for a tax giveaway to big banks and private equity firms, and now they’re returning the favor by spending millions to flood Maine’s airwaves with ads on her behalf.”
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