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The Wall Street Publication > Blog > Politics > Bernie Sanders leads cost for Democrats to interrupt up with billionaires
Politics

Bernie Sanders leads cost for Democrats to interrupt up with billionaires

Editorial Board Published June 18, 2025
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Bernie Sanders leads cost for Democrats to interrupt up with billionaires
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As Individuals develop more and more uneasy about billionaires steering federal coverage (see: Elon Musk), Sen. Bernie Sanders is urging Democratic leaders to cease cozying as much as their very own rich donors.

In a letter obtained solely by The Washington Submit, Sanders and 7 Democratic senators name on Senate Minority Chief Chuck Schumer and Democratic Nationwide Committee Chair Ken Martin to ban tremendous PACs and “dark money” in Democratic primaries. 

The message is evident: If Democrats need to battle the affect of right-wing oligarchs, they should begin by cleansing up their very own home.


Elon Musk is unquestionably an issue.

“The American people are disgusted with a corrupt political system that allows Elon Musk to spend $270 million to elect Donald Trump,” the senators wrote. “They want change. We can make change.”

The letter’s signers—which embrace Sens. Ed Markey of Massachusetts, Jeff Merkley of Oregon, Chris Murphy of Connecticut, Tina Smith of Minnesota, Chris Van Hollen of Maryland, Elizabeth Warren of Massachusetts, and Peter Welch of Vermont—argue that billionaires and company pursuits are enjoying an outsized position in shaping elections and coverage, and leaving lasting injury of their wake.

“Right-wing billionaires have spent hundreds of millions of dollars funding super PACs to dominate in our primaries,” they wrote. “In addition to intervening in Democratic primaries, it is not uncommon for these same super PACS and dark money groups to fund general election campaigns where they work overtime to defeat Democrats. The result: they have defeated a number of excellent members in the House and Senate. That is unacceptable.”

They particularly name out pro-Israel teams just like the Republican Jewish Coalition Victory Fund  and the United Democracy Mission PAC, which poured greater than $30 million in 2024 primaries to unseat progressives akin to former Reps. Jamaal Bowman and Cori Bush. However the affect of outdoor teams is simply a part of the get together. Earlier than Kamala Harris even locked up the 2024 Democratic presidential nomination, deep-pocketed billionaire donors like Netflix co-founder Reed Hastings and former Meta CEO Sheryl Sandberg had already begun writing checks.

Nonetheless, their contributions have been dwarfed by Musk’s. By the tip of 2024, the tech billionaire had dumped $288 million into Trump’s marketing campaign—a sum Musk later prompt helped tip the race in Trump’s favor. 

Whereas the senators acknowledge that overturning Residents United—the Supreme Court docket ruling that opened the floodgates to limitless outdoors spending—is a long-term undertaking, they argue that Democrats can’t afford to attend on inside reforms. And so they could also be proper: Individuals are clearly uneasy with billionaire affect. A January ballot by The Related Press-NORC Middle for Public Affairs Analysis discovered that six in 10 U.S. adults suppose it’s a nasty factor when the president depends on billionaires for coverage recommendation. Simply 12% suppose it’s a superb factor.

That wariness may create a gap. Throughout this 12 months’s race for DNC chair, most candidates expressed help for limiting tremendous PAC spending in Democratic primaries—at the least rhetorically. Martin himself mentioned he backed the thought “in spirit,” however admitted that “that’s about all the DNC chair can do.”

Associated | The Democratic Social gathering has an enormous downside on its palms

Nonetheless, it is perhaps time for Democratic management to take Sanders severely. He’s probably the most fashionable elected officers within the nation and is actively recruiting each Democrats and independents to run in pink states as a part of a working-class, anti-corporate motion. Alongside New York Rep. Alexandria Ocasio-Cortez, he’s been rallying crowds on a “Fighting Oligarchy” tour, blasting Trump and Musk as twin faces of billionaire seize. This week, the tour heads to Texas.

The letter additionally faucets into broader frustration with Democratic management, particularly Schumer. In March, he and 9 different Senate Democrats voted to go Republican spending laws, prompting backlash from the get together’s progressive wing. 

On the similar time, the Democratic model was cratering. Inner polling from Navigator Analysis, shared with Politico, discovered that almost all voters in aggressive Home districts felt Democrats weren’t centered on “people like me.” Solely 27% of independents felt Democrats shared their priorities; 55% mentioned the get together didn’t.

Given all that, perhaps that is Sanders’ second—and perhaps the trail ahead for Democrats begins with breaking apart with the billionaires they declare to oppose.

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