(Photo Metro Creative Services)
A recent lead story in the Wall Street Journal reported that “Republicans and Big Business parted ways.” The amount of corporate donations to Republicans fell sharply in the last election cycle to the lowest amount in nearly a decade. The US Chamber of Commerce has endorsed many Democrats running for Congress in close and competitive races, putting the slim Republican majority at risk.
The Shift in Corporate Loyalties
The writing is on the wall: American business is increasingly siding with liberal Democrats, not Republicans.
Part of this shift in corporate loyalties is due to some bad decisions by Republicans. The GOP has run a short-sighted campaign to “break big tech,” and the party’s slide toward tariffs and away from free trade, one of the pillars of prosperity, is troubling to any supporter of the free market. We should have free trade with countries, unless they are like China, threats to American security.
The real question is whether the GOP should want or even need the support of increasingly “woke” corporate boardrooms. Maybe it’s time to get divorced.
The Marriage Between Big Business and Big Government
Big business is increasingly siding with big government. The Democrats are doling out Biden Bucks, and corporate America is craving free federal money. Like field mice, they gobble up the morsels that the Democrats spill from their pockets.
Corporate welfare spending in Washington is at an all-time high, with hundreds of billions of taxpayer dollars funneled into the coffers of the Climate Change Industrial Complex, semiconductor companies, and other Beltway Bandit industries.
The Case for Free-Market Republicans
Free-market Republicans must take a stand against runaway government spending and debt, against 19th-century antitrust laws enforced by super-regulators like Federal Trade Commission Chairman Lina Khan, against corporate welfare programs that cultivate the reliance of big business on government, and against Wall Street’s self-serving doctrine of “too big to fail.”
The Voice of Small Businesses
What is the alternative for the Republican Party? It’s obvious. Republicans must be the party of the 80 million small business men and women who employ more than 60% of our workers. Alfredo Ortiz, director of the indispensable Network of Job Creators, points out that “most small businesses don’t have PACs or lobbyists or fancy offices on K Street Washington. They just want to be left alone.”
He is right. My father ran a successful small business for 40 years outside of Chicago. He worked long hours and was often gone when I was a child. I don’t think he ever visited Washington, DC He had a disdain for politics and most politicians. That’s a pretty universal attitude from employers. And who can blame them given the torrent of meddling regulations by Washington lawyers, bureaucrats and politicians who know nothing about running a business or making a profit?
Conclusion
If big business wants to run away and make peace with the party that hates business, entrepreneurship and profit, that’s a sad comment on the state of affairs in corporate America, not the Republican Party.
Stephen Moore is a senior fellow at the Heritage Foundation
The Changing Relationship Between Republicans and Big Business
Introduction
A recent lead story in the Wall Street Journal highlighted a noticeable shift in the relationship between Republicans and big business. Corporate donations to Republicans have significantly decreased, reaching their lowest point in nearly a decade. The US Chamber of Commerce, traditionally aligned with Republicans, has endorsed many Democrats running for Congress. This change in corporate loyalties poses a risk to the slim Republican majority. This article delves into the reasons behind this shift and explores whether Republicans should continue seeking the support of corporate boardrooms.
The GOP’s Short-Sighted Decisions
One factor contributing to the shift in corporate loyalties is the Republican Party’s campaign to “break big tech.” Additionally, the party’s departure from free trade policies, a fundamental driver of prosperity, has caused concern among supporters of the free market. While free trade is generally beneficial, exceptions are necessary for countries like China that pose threats to American security. These decisions, among others, have led to the GOP’s rift with big business.
The Marriage Between Big Business and Big Government
Another reason for the changing dynamics between Republicans and big business is the increasing alignment of corporate interests with big government. Democrats’ distribution of federal funds, often referred to as “Biden Bucks,” has made corporate America eager for more free money. This has led to substantial corporate welfare spending, with taxpayer dollars being funneled into various industries, including the climate change sector, semiconductor companies, and others. The growing reliance of big business on government support has further distanced Republicans from their traditional allies in the corporate world.
Promoting Free-Market Principles
Amidst this shift, free-market Republicans must take a stand against runaway government spending and debt. They should challenge outdated antitrust laws enforced by regulatory bodies like the Federal Trade Commission, especially under the leadership of Chairman Lina Khan. Additionally, they need to push back against corporate welfare programs that foster dependence on government and oppose Wall Street’s “too big to fail” ideology. By championing these principles, Republicans can differentiate themselves from their Democratic counterparts and rebuild their relationship with big business.
The Voice of Small Businesses
As the Republican Party reevaluates its relationship with big business, it should turn its attention to small businesses. These establishments employ more than 60% of American workers and represent the backbone of the economy. Many small business owners are unaffiliated with political action committees (PACs) or lobbying groups but share a common desire to be left alone. Drawing inspiration from these entrepreneurs, Republicans can align themselves with the interests of small business owners who often bear the brunt of burdensome regulations and lack representation in Washington.
Conclusion
The changing dynamics between Republicans and big business should be seen as a reflection of the state of affairs in corporate America rather than a failure of the Republican Party. If big business wishes to align itself with a party that harbors animosity towards entrepreneurship, profit, and business in general, it is indicative of a concerning trend within corporate America. Republicans must continue to prioritize free-market principles and focus on the needs and aspirations of small businesses to rebuild their relationship with the business community.
Stephen Moore is a senior fellow at the Heritage Foundation
Summary
In a recent article by the Wall Street Journal, it was revealed that the relationship between Republicans and big business has significantly changed. Corporate donations to Republicans have hit a decade-low, and the US Chamber of Commerce has endorsed numerous Democrats. This shift in corporate loyalties can be attributed to the GOP’s decisions to target big tech and move away from free trade. Big business is increasingly aligning with big government, as Democrats provide financial incentives and corporate welfare programs. To rebuild their relationship with the business community, Republicans should emphasize free-market principles and focus on the needs of small businesses, which make up a significant portion of the economy. It is crucial for Republicans to understand the changing dynamics and navigate this new landscape to remain relevant and effective in promoting their pro-business agenda.
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(Photo Metro Creative Services)
A recent lead story in the Wall Street Journal reported that “Republicans and Big Business parted ways.” The amount of corporate donations to Republicans fell sharply in the last election cycle to the lowest amount in nearly a decade. The US Chamber of Commerce has endorsed many Democrats running for Congress in close and competitive races, putting the slim Republican majority at risk.
The writing is on the wall: American business is increasingly siding with liberal Democrats, not Republicans.
Part of this shift in corporate loyalties is due to some bad decisions by Republicans. The GOP has run a short-sighted campaign to “break big tech,” and the party’s slide toward tariffs and away from free trade, one of the pillars of prosperity, is troubling to any supporter. of the free market. We should have free trade with countries, unless they are like China, threats to American security.
The real question is whether the GOP should want or even need the support of increasingly “woke” corporate boardrooms. Maybe it’s time to get divorced.
Big business is increasingly siding with big government. The Democrats are doling out Biden Bucks, and corporate America is craving free federal money. Like field mice, they gobble up the morsels that the Democrats spill from their pockets.
Corporate welfare spending in Washington is at an all-time high, with hundreds of billions of taxpayer dollars funneled into the coffers of the Climate Change Industrial Complex, semiconductor companies, and other Beltway Bandit industries.
Free-market Republicans must take a stand against runaway government spending and debt, against 19th-century antitrust laws enforced by super-regulators like Federal Trade Commission Chairman Lina Khan, against corporate welfare programs that cultivate the reliance of big business on government, and against Wall Street’s self-serving doctrine of “too big to fail.”
What is the alternative for the Republican Party? It’s obvious. Republicans must be the party of the 80 million small business men and women who employ more than 60% of our workers. Alfredo Ortiz, director of the indispensable Network of Job Creators, points out that “most small businesses don’t have PACs or lobbyists or fancy offices on K Street Washington. They just want to be left alone.”
He is right. My father ran a successful small business for 40 years outside of Chicago. He worked long hours and was often gone when I was a child. I don’t think he ever visited Washington, DC He had a disdain for politics and most politicians. That’s a pretty universal attitude from employers. And who can blame them given the torrent of meddling regulations by Washington lawyers, bureaucrats and politicians who know nothing about running a business or making a profit?
If big business wants to run away and make peace with the party that hates business, entrepreneurship and profit, that’s a sad comment on the state of affairs in corporate America, not the Republican Party.
Stephen Moore is a senior fellow at the Heritage Foundation
https://www.bostonherald.com/2023/06/21/moore-gop-must-be-the-party-of-small-business/amp/
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