The Elon Musk Problem: Democrats Debate Whether They Need Their Own Billionaires

Democrats know they need to compete with big money in the Republican Party. They just can’t agree on whether to accept corporate and wealthy donors to do it.

Ben Wikler

Ben Wikler, chair of the Democratic Party of Wisconsin, discusses the 2024 Democratic National Convention during a news conference. Ashlee Rezin/Chicago Sun-Times via AP

Democrats want to be the party that rejects corporate spending and big money influence on politics. They also want to compete with billionaires like Elon Musk, who are pumping money into Republican campaigns.

As the party gears up to elect new leadership, its ranks are grappling with how to strike that balance — with some Democratic National Committee members openly calling for Democrats to seek big money donors.

“It makes no sense to tie one hand behind our back and put ourselves at a disadvantage if our opponents on the other side of the aisle have more resources,” Rep. Marilyn Strickland told NOTUS. “The reality of how you win elections in the U.S. right now is that you have to have money to get your message out. We need to be open to any organization or individual who wants to donate to our cause.”