Wall Streeters, lawyers, and the insurance industry are the biggest group-donors to the five incoming Democratic committee chairmen in the House of Representatives who will likely be deeply lodged thorns in President Donald Trump’s side in 2019.
Topping the list of group-givers are lawyers and law firms, both in terms of total contributions to the five in the 2018 campaign ($810,910) and as the leading donor group to two particular Democrats who are expected to give Trump endless headaches in the 116th Congress.
The two include incoming House Permanent Select Committee on Intelligence Chairman Rep. Adam Schiff (D-Calif.), and Rep. Jerrold Nadler (D-N.Y.), the soon-to-be House Judiciary Committee chairman.
Having lawyers and law firms—including many trial attorneys filing big-ticket class-action litigation against Fortune 500 corporations and deep-pocketed, high-profile individuals—so prominent among donors to these two committee chairmen could pour salt on such wounds.
The insurance industry is the contributor group (third-highest overall at $575,754) that led donors for two other incoming committee chairs: House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and House Ways and Means Committee Chairman Richard Neal (D-Mass.).
They helped Neal because it’s never good politics to be on the bad side of the Ways and means Panel chief. Thus, Neal could deploy an outsized influence on fence-sitting Democrats in the event of crucial votes on the House floor.
And Neal will have leverage in pressuring his partisan colleagues on other committees to take actions that can then become bargaining chips for Trump’s tax returns or other sensitive documents.
Thus, Schiff, Nadler, and Waters will grab lots of heated headlines against Trump, but don’t be surprised if Neal proves to be the behind-the-scenes power creating the president’s biggest problems.
As for the Wall Streeters, the securities and investment industry group wasn’t the top giver to any of the five, but it provided the second-highest contribution total at $622,659. This group ranked fourth on the lists for Nadler, Neal and Schiff, and third for Waters.
Finally, there’s incoming House Committee on Oversight and Government Reform Chairman Elijah Cummings (D-Md.). Judging by his campaign donors, Cummings might seem less of a threat to Trump.
Cummings is one of the key voices in Congress for organized labor, especially including federal worker unions, for whom the oversight panel is their most important tool to keep their power.
The oversight panel has a uniquely broad swath of authority, meaning Cummings can insert himself into pretty much whatever assault against Trump he chooses. And the 10-term Democrat can do so with little fear of upsetting his constituents in Baltimore, because he got almost 77 percent of the vote in 2018.