{"id":1055877,"date":"2025-09-04T16:37:28","date_gmt":"2025-09-04T20:37:28","guid":{"rendered":"https:\/\/democrats.org\/?p=1055877"},"modified":"2025-09-04T16:37:29","modified_gmt":"2025-09-04T20:37:29","slug":"new-receipts-susan-collins-raked-in-campaign-cash-while-helping-advance-massive-tax-breaks-for-billionaire-mega-donors","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-receipts-susan-collins-raked-in-campaign-cash-while-helping-advance-massive-tax-breaks-for-billionaire-mega-donors\/","title":{"rendered":"New Receipts: Susan Collins Raked in Campaign Cash While Helping Advance Massive Tax Breaks for Billionaire Mega-Donors"},"content":{"rendered":"\n
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Yesterday, Rolling Stone released a stunning new report<\/a> showing how private equity billionaire Steve Schwarzman used his money to curry favor with Susan Collins while Congress advanced a tax law filled with giveaways<\/a> for ultra-wealthy investors<\/a> like himself. <\/p>\n\n\n\n

According to Rolling Stone, Schwarzman donated $2 million to Senator Collins\u2019 reelection efforts just hours before she cast a critical vote<\/a> allowing the bill to advance towards passage. <\/p>\n\n\n\n

While the law raises costs on working families by kicking millions off health insurance<\/a> and taking away food assistance<\/a> from hungry kids, Susan Collins and her GOP colleagues worked hard to make sure it also delivers massive tax breaks to those who really<\/em> need it: private equity billionaires.<\/p>\n\n\n\n

In response, <\/em>DNC Senior Spokesperson Mia Ehrenberg issued the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cInstead of protecting Mainers from the cruel and extreme cuts in Trump\u2019s billionaire-first tax scam, Senator Collins gave Trump the green light to advance it while raking in millions from private equity mega-donors who will reap the benefits. Trump and congressional Republicans\u2019 tax law is raising costs on poor and middle-class families while giving handouts to the ultra-wealthy special interests donating to Republican campaigns. Senator Collins made clear whose side she\u2019s on: billionaire hedge fund owners, not the hardworking Mainers who are going to pay the price.\u201d<\/p>\n\n\n\n

Senator Collins allowed Trump\u2019s tax scam to advance in the Senate. Now, thanks to her, private equity CEOs are celebrating while Mainers across the state suffer:<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cTrump Tax Bill Would Help the Richest, Hurt the Poorest, CBO says\u201d<\/strong><\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cGOP Megabill Boosts Wealthy Households While Hurting Poor, CBO Says\u201d<\/strong><\/p>\n\n\n\n

WGME News 13<\/a>: <\/em>\u201cMedicaid cuts threaten services for people with disabilities in Maine\u201d <\/strong><\/p>\n\n\n\n

Portland Press Herald<\/a>: \u201cSNAP cuts could impact Maine\u2019s free lunch for students in the long term\u201d<\/strong><\/p>\n\n\n\n

Maine Morning Star<\/a>: \u201cReport warns hospitals in Aroostook, Ellsworth face imminent risk of closure due to Medicaid cuts.\u201d<\/strong><\/p>\n\n\n\n

\u201cNearly half of Maine\u2019s 24 rural hospitals are considered \u2018at risk\u2019 of closing<\/strong>, according to a separate analysis by the Center for Healthcare Quality and Payment Reform. Such closures will impact the local community and economy, the report noted.\u201d<\/p>\n\n\n\n

NBC News Center Maine<\/a>: \u201cFederal SNAP cuts deepen rural concerns over food access in Maine\u201d<\/strong><\/p>\n\n\n\n

ABC News<\/a>: \u201cMaine clinics say they’ll have to cut services after court rules Trump admin can deny Medicaid funding\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, Rolling Stone released a stunning new report showing how private equity billionaire Steve Schwarzman used his money to curry favor with Susan Collins while Congress advanced a tax law filled with giveaways for ultra-wealthy investors like himself.  According to Rolling Stone, Schwarzman donated $2 million to Senator Collins\u2019 reelection efforts just hours before she […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1055877","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNew Receipts: Susan Collins Raked in Campaign Cash While Helping Advance Massive Tax Breaks for Billionaire Mega-Donors - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/new-receipts-susan-collins-raked-in-campaign-cash-while-helping-advance-massive-tax-breaks-for-billionaire-mega-donors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-04T20:37:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-04T20:37:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1101\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/new-receipts-susan-collins-raked-in-campaign-cash-while-helping-advance-massive-tax-breaks-for-billionaire-mega-donors\/\",\"url\":\"https:\/\/democrats.org\/news\/new-receipts-susan-collins-raked-in-campaign-cash-while-helping-advance-massive-tax-breaks-for-billionaire-mega-donors\/\",\"name\":\"New Receipts: Susan Collins Raked in Campaign Cash While Helping Advance Massive Tax Breaks for Billionaire Mega-Donors - 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