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Mr and Ms Popular

With the banks and Wall St anyway:

Over the summer, as he was working to scale back President Biden’s domestic agenda, Senator Joe Manchin III of West Virginia traveled to an $18 million mansion in Dallas for a fund-raiser that attracted Republican and corporate donors who have cheered on his efforts.

In September, Senator Kyrsten Sinema of Arizona, who along with Mr. Manchin has been a major impediment to the White House’s efforts to pass its package of social and climate policy, stopped by the same home to raise money from a similar cast of donors for her campaign coffers.

Even as Ms. Sinema and Mr. Manchin, both Democrats, have drawn fire from the left for their efforts to shrink and reshape Mr. Biden’s proposals, they have won growing financial support from conservative-leaning donors and business executives in a striking display of how party affiliation can prove secondary to special interests and ideological motivations when the stakes are high enough.

Ms. Sinema is winning more financial backing from Wall Street and constituencies on the right in large part for her opposition to raising personal and corporate income tax rates. Mr. Manchin has attracted new Republican-leaning donors as he has fought against much of his own party to scale back the size of Mr. Biden’s legislation and limit new social welfare components.

It is not unusual for well-heeled political activists and business interests to spread a smattering of cash across party lines. Representative Liz Cheney, Republican of Wyoming, collected a handful of checks from major Democratic donors this year as she bucked her party leadership’s defense of former President Donald J. Trump.

But the stream of cash to the campaigns of Ms. Sinema and Mr. Manchin from outside normal Democratic channels stands out because many of the donors have little history with them. The financial support is also notable for how closely tied it has been to their power over a single piece of legislation, the fate of which continues to rest largely with the two senators because their party cannot afford to lose either of their votes in the evenly divided Senate.

I don’t think I’ve ever seen a more perfect example of Big Moneys influence in our politics. There it is, for all to see. And the results speak for themselves:

Their influence has been profound. The domestic policy bill, which would expand the social safety net and efforts to fight climate change, started out at $3.5 trillion and has been shrunk — mainly at the insistence of Mr. Manchin — to around $2 trillion; it could get smaller as the Senate takes up the version passed on Friday by the House. New spending measures were originally to have been paid for mostly through tax-rate increases on the wealthy and corporations — a component of the plan that had to be substantially rewritten because of Ms. Sinema’s opposition.

The Big Money Boyz sure gon their moneys worth didn’t they?

If Manchin runs again (and he might not — he’ll be in his late 70s) he’ll win no matter what. But Sinema is going to be a test case for whether or not you can totally betray your base and still win re-election. I suspect she probably can, unfortunately. But it’s not going to be easy for her.

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