In this year’s White House contest, however, the hedge fund magnate has made clear that he’s not putting any resources behind Donald Trump. Instead, Singer is spreading his money down the Republican ballot: He shelled out more than $7 million through the end of June to nine super PACs backing congressional candidates.
He’s in good company. Some of the country’s wealthiest Republican donors are targeting Senate and House races around the country, hoping a financial firewall will protect the party’s congressional majorities on Nov. 8. Their investments — fuel for a record haul by super PACs this year — reflect a fear prevalent throughout the party: that Trump’s contentious candidacy threatens to trigger an electoral rout up and down the ballot…
“It’s a trend that’s been picking up momentum,” said Mike Shields, president of the Congressional Leadership Fund, which backs GOP House candidates. “We have more money in our super PAC at this point than we have ever had in a cycle.”
And many GOP contributors have immersed themselves in the dozen gubernatorial races taking place this fall, hoping to expand their party’s hold in the states. Fred Malek, finance chairman of the Republican Governors Association, said the group has added to its ranks of top-tier donors in recent months.