Peter Thiel’s decision, according to sources speaking to Reuters, is that the billionaire is unhappy with the Republican Party’s focus on cultural issues in the United States. According to Thiel Republicans make the mistake of focusing on cultural issues rather than encouraging American innovation and competition with China.
Several major donors said they were reluctant to support Florida Governor Ron DeSantis, who is expected to announce his candidacy for the White House shortly after signing into law a bill banning most abortions after the sixth week in Florida.
Thiel’s decision underscores how the GOP’s shift to the right on social issues is alienating some prominent business-minded donors.
And in 2016, Thiel donated nearly $1.25 million to Trump’s campaign efforts In 2020, he will no longer financially support Trump’s re-election effort. While he liked some of Trump’s policies while in office, he has decried the chaos surrounding the president.
However, in the 2022 election cycle
Thiel has emerged as a potential Republican kingmaker, giving more than $35 million to support 16 Republican candidates, 12 of whom won.
He was the tenth largest single donor to either party in the 2022 midterm congressional elections.
COVER PHOTO: Former US President Donald Trump at the National Rifle Association (NRA) convention in Indianapolis on April 14, 2023. MTI/AP/Darron Cummings
