Business backed Trump and will get paid in return

The big money in politics understands what Trumpism stands for much better than the marginal Trump voter, not to mention countless credulous reporters:

Thousands of industry donors poured over $425 million into the general election this year, mostly backing the Republican Party and its pledges to repeal regulations and cut taxes.

Many businesses have bristled over the past four years at President Joe Biden’s regulatory agenda, and nearly every industry is salivating at the prospect of notching bigger wins as negotiations on a mammoth tax package pick up.

The majority of industry’s financial support — nearly two-thirds — went toward boosting Republicans, according to a POLITICO analysis of campaign finance filings. That turned out to be a good bet: Of the money the business community spent on GOP candidates, over 90 percent went to winners. Industries like agriculture and defense came out ahead with nearly all their backed candidates winning, including House Ag Chair Glenn Thompson, who received $380,000.

On the flip side, Democrats, who had campaigned on raising corporate taxes and reining in major corporations, received only 36 percent of industry contributions — of which 64 percent went to winning candidates. Some of the biggest donors there were from the health and labor sectors, including large spending from union-backed PACs and Planned Parenthood. Those two sectors posted the worst win rates, having spent a combined $28.5 million supporting Vice President Kamala Harris.

The political incentives created by Biden’s relatively progressive economic policy creating much more backlash than support are not great.