‘One More Billionaire Front Group’: Centrist Dems Mocked Over New Initiative Led by Corporate Lobbyist

Centrist Democrats led by Cheri Bustos, a corporate lobbyist who previously headed her party's campaign arm in the US House, are launching a policy and advocacy organization aimed at pressuring Democrats to embrace the kind of "pro-growth" deregulatory agenda associated with the so-called "abundance" movement.

The new organization, named Next American Era, was formed "with an eye toward 2028" as Democrats work to recover from their crushing defeat to President Donald Trump in the 2024 elections, Axios reported Sunday, noting that the group describes itself as a "hub for center-left policy and advocacy."

Bustos, whose lobbying client list in 2025 included OpenAI and Larry Ellison's Oracle, said Next American Era plans to "air issue-focused ads during the midterm elections and the 2028 presidential campaign, but it won't endorse candidates," Axios reported.

Bustos said the founders of Next American Era share "many of the same principles as the Abundance movement," a loose assortment of organizations and individuals—including large corporations and prominent billionaires—broadly supporting views expressed by Ezra Klein and Derek Thompson in their 2025 book Abundance.

"She said cutting red tape, streamlining regulations, and supporting workforce training are among the top policy goals of her group, which is structured as a 501(c)(4) political nonprofit," Axios reported.

Lindsay Owens, executive director of the Groundwork Collaborative, a progressive think tank, called those proposed objectives "some of the weakest economic policies we've polled in the last 18 months."

"Not sure why you’d want to put ads out on these for candidates unless it’s an opp," Owens added.

Abundance takes aim at what Klein and Thompson characterize as an overly burdensome regulatory approach that is purportedly hindering progress toward more affordable housing, public transportation systems, and a renewable energy revolution. Critics, such as antitrust advocate Zephyr Teachout, have criticized the so-called abundance agenda as far too ambiguous.

"I still can’t tell after reading Abundance whether Klein and Thompson are seeking something fairly small-bore and correct (we need zoning reform) or nontrivial and deeply regressive (we need deregulation) or whether there is room within abundance for anti-monopoly politics and a more full-throated unleashing of American potential," Teachout wrote in her review of the book for Washington Monthly.

Critics have also noted the enthusiasm with which corporations and billionaires have glommed onto the abundance narrative.

"The ambiguity of the abundance agenda’s policy proposals, strategic or otherwise, allows private interests to leverage 'abundance' as a Trojan Horse for their preferences," the Revolving Door Project observed last year. "The growing abundance movement has institutional support from fossil fuel and Big Tech affiliates, including the sprawling Koch network and crypto and AI industry players."

Axios observed that Next American Era is one of "several center-left groups" that "have popped up or expanded in the past 18 months, including the think tank Searchlight Institute, Majority Democrats, and WelcomePAC."

"Just one more billionaire front group. Just one more neoliberal policy shop," reporter and political analyst Austin Ahlman wrote mockingly on social media in response to the launch of Next American Era. "Just one more polling outfit cooking the numbers on behalf of corporate interests and we’ll win bro, I promise."