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Ken Langone donated to Joe Manchin PAC after senator opposed Build Back Better Act


U.S. American Senator Joe Manchin, D-W.Va. gestures after he talks to the media, following Senate Democratic Lunch, in Washington on January 13, 2022.

Elizabeth Frantz | Reuters

Ken Langone is a Republican donor and billionaire investor. He donated to Sen. Joe Manchin’s political action committee after Senator Joe Manchin said that President Joe Biden would not support his $1.75 Trillion climate and social spending plan.

According to a Federal Election Commission filing, Langone and his spouse each donated $5,000 to Manchin’s Country Roads leadership PAC donations dated January Eve. This was first examined by CNBC. The maximum individual contribution to such a political party is $5,000 in any given year.

Just barely! two weeks Manchin went to Fox News and announced that he would not support the massive social spending plan known as Build Back better.

Langone gave Manchin a standing ovation a month prior to his contribution CNBC. Langone stated that he would host a huge fundraising event to support the conservative Democrat who opposed and diluted key parts of his party’s agenda. Manchin’s reelection bid is in 2024.

“I don’t believe there is any place for leadership in this nation.” Langone spoke at that time, thanking God for Joe Manchin. Langone said that he was going to host one of his biggest fundraising events. He’s special. He’s precious. He is a great American, he said. The video is available here.

Manchin (West Virginia representative) is an important vote in the Senate that has been split 50-50 between two political parties. This has helped him attract special interests and business leaders to lobby for his political operations. groups.

Country Roads PAC was able to raise more money in December than it had in any previous year. November. In December, the committee also received donations from corporations such as AT&T, PG&E, Valero Energy, Honeywell International, Clearway Energy, Exelon and the Nuclear Energy Institute.

According to the Center for Responsive Politics, Langone hadn’t contributed before his December gift.

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Data shows that Langone’s donation to Manchin’s committee is the first-ever known gift to a Democrat from him since he donated during Bill Daley’s 2019 Chicago mayoral election campaign. Daley was third and did not make it to the second round. Lori Lightfoot won, who was perceived as being more progressive than Daley.

Representatives of Manchin and his PAC didn’t respond to comments before publication. Langone’s investment company was not contacted.

Langone once supported President Donald Trump. He said CNBC in 2016 he would back Trump’s initial candidacy to the White House, but that he had finished with political fundraising. He later endorsed Trump’s economic policies, including tariffs on Chinese goods.

Langone took aim at the former president after Jan. 6, 2021, when a mob of Trump supporters stormed the Capitol in a bid to stop Congress from confirming Biden’s victory in the 2020 election.

Record evidence shows that Langone has made several large money donations in recent years. These include $1,000,000 to Senate Leadership Fund which works to defeat Democratic senators, as well $500,000 to Americans for Prosperity Action. This group is supported and funded by the Republican-friendly Koch Family.