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populism
'The Stakes Couldn't Be Higher': Report Gives Dems a Roadmap to Winning Back Working-Class Voters
"The Democratic Party would be wise to capitalize on the working class' strong preference for policies that are economically egalitarian."
Jul 22, 2025
As Democrats conduct an autopsy of their devastating 2024 election defeat at the hands of billionaire President Donald Trump, new research offers a possible way forward for a party whose favorability recently hit rock bottom.
The report released Monday by the Center for Working-Class Politics uses decades of polling to compare the views of working-class Americans with those of wealthier Americans. The analysis defines working-class Americans as "those without a college degree and who fall within the bottom two-thirds of the income distribution."
The research finds that working-class Americans are "broadly egalitarian in their economic attitudes" and "show stronger support than their middle- and upper-class counterparts for many redistributive policies tied to popular programs and direct material relief."
While the analysis shows working-class Americans are "more conservative" than wealthier Americans on sociocultural issues—a category defined as including abortion, LGBTQ+ rights, and immigration—they have in some cases become more progressive on such issues in recent years, undercutting simplistic narratives of an increasingly conservative U.S. working class.
"Across all categories, the working class has not exhibited any substantial movement toward conservatism," the report states.
More specifically, the report shows that working-class Americans are strongly supportive of minimum wage increases, robust union protections, and other measures aimed at boosting worker power. Working-class Americans are also solidly in favor of expanding Social Security and Medicare, boosting spending on aid to the poor, and increasing taxes on higher earners.
Though the analysis shows some "skepticism" among working-class Americans when policies "are explicitly tied to increased government spending or taxation," the full results "reveal a working class that remains committed to economic fairness."
"The second Trump term has combined authoritarian populist rhetoric with a slash-and-smash approach to the federal government that threatens to undermine democracy as we know it."
The report explicitly characterizes its findings as a potential way forward for Democrats seeking direction in the aftermath of their crushing loss to Trump and Republicans in last year's election, during which the Democratic Party continued to shed working-class support.
"Our findings suggest that the Democratic Party would be wise to capitalize on the working class' strong preference for policies that are economically egalitarian—particularly predistributive policies that involve strengthening worker rights and leverage as well as existing universal social insurance and healthcare programs—while deemphasizing potentially divisive social policies," the analysis states. "Several of the economic policies we analyzed here, such as those concerning increased job security, wages, and worker power, would make a strong foundation for a successful campaign."
Such an approach could even win over some working-class Trump voters, the report suggests.
"We found that a substantial proportion of working-class respondents who voted for Trump in 2020 held favorable views of progressive economic policies like a higher minimum wage (38%), increased Social Security spending (59%), increased public
school spending (50%), a tax on millionaires (39%), and more," the report states.
"While these economically progressive Trump voters hardly amount to a MAGA majority," it continues, "they represent a meaningful slice of the electorate (around 5%) that could easily tip elections in key working-class-heavy swing states."
The report comes as Trump's approval rating slides and his Republican Party plows ahead with a deeply unpopular agenda that includes tax breaks for the ultra-rich and massive cuts to Medicaid, federal nutrition assistance, and other key programs—presenting an opening for Democrats to embrace the kind of progressive economic populism bolstered by the new research.
"The stakes couldn't be much higher," the report says. "The second Trump term has combined authoritarian populist rhetoric with a slash-and-smash approach to the federal government that threatens to undermine democracy as we know it and can only result in a greater concentration of wealth at the top and a hollowed-out state incapable of solving our biggest national problems."
WelcomeFest’s Billionaire Backers Reveal Its True Mission
Like Third Way and the Democratic Leadership Council before it, Welcome is yet another donor- and elite-driven operation seeking to drag the Democratic Party rightward on economic policy.
Jun 04, 2025
If the Abundance universe is to be believed, the hottest ticket this summer is WelcomeFest.
Wednesday’s confab is the second such annual gathering organized by the centrist group Welcome Party and its political action committee WelcomePAC, with this year’s event touting a distinct abundance flair. The conference boasts a rogues’ gallery of corporate-friendly cosponsors, including Third Way, the New Democratic Coalition, Inclusive Abundance, and the Blue Dog Caucus. A sizzle reel from last year’s event paints WelcomeFest as an Internet Hippo tweet come to life, complete with cameos from A-listers like ex-CNN anchor John Avlon and Democratic influencer Olivia Julianna.
Taken together, WelcomePAC’s leadership and funding are at odds with their claimed opposition to the “buttoned-up [politics] of Washington elites.”
This year’s “Responsibility to Win” session (misspelled on the event’s official poster) has drawn viral attention online—both for its bizarre AI Ghibli promos and stacked lineup of neoliberal pundits, conservative Democratic lawmakers, and wunderkind pollsters serving up Dick Morris’ reheated leftovers.
Speakers include:
- Derek Thompson, co-author of Abundance.
- Matt Yglesias, confidently-wrong pundit and, per Thompson, the “OG grandfather of Abundance.”
- Sen. Elissa Slotkin (D-Mich.), who doesn’t think Democrats should use the term “oligarchy.”
- Rep. Ritchie Torres (D-N.Y.), Abundance champion and darling of AIPAC and crypto lobbyists.
- Reps. Jake Auchincloss (D-Mass.), Adam Gray (D-Calif.), and Kristen McDonald Rivet (D-Mich.), founding members of the Abundance-themed Build America Caucus.
- Reps. Marie Gluesenkamp Perez (D-Wash). and Jared Golden (D-Maine), current and former co-chairs of the conservative Blue Dog Caucus.
- Adam Jentleson, anti-”Groups” crusader currently distancing himself from his 14-month stint as Sen. John Fetterman’s (D-Pa.) chief of staff.
- David Shor, pollster and prolific party animal.
WelcomePAC’s Donors
Campaign finance records reveal that WelcomePAC, the primary organizers of WelcomeFest, has raked in sizable contributions from billionaires and corporate oligarchs:
- Reid Hoffman: LinkedIn cofounder Reid Hoffman has given over $1.8 million to WelcomePAC since 2021. A major donor to former Vice President Kamala Harris’ 2024 campaign and the pro-Harris SuperPAC Future Forward, Hoffman strongly opposed the Biden administration’s anti-monopoly policies and publicly demanded that Harris fire Federal Trade Commission Chair Lina Khan if she won the election. Hoffman has also bankrolled the Mainstream Democrats super PAC, which spent heavily in Democratic primaries in 2022 and 2024 to defend conservative Democrats like Kurt Schrader and Henry Cuellar and defeat progressives like Cori Bush and Nina Turner.
- Walton family: WelcomePAC has received over $1.1 million from relatives and heirs of Walmart founder Sam Walton—the richest family in America.
- S. Robson (Rob) Walton: Rob Walton, the eldest son of Walmart founder Sam Walton, has given $100,000 to WelcomePAC since 2024.
- Samuel R. Walton: Samuel R. Walton, grandson of Sam Walton and owner of a natural resources holding company, has given $625,000 to WelcomePAC since 2024.
- Christy Walton: Christy Walton, widow of one of Sam Walton’s sons, has given $125,000 to WelcomePAC since 2022.
- Alice Walton: Alice Walton, daughter of Sam Walton, has given $25,000 to WelcomePAC since 2022.
- Carrie Walton Penner: Walton Penner, daughter of Rob Walton, has given $150,000 to WelcomePAC since 2022. She is also a prolific donor to the anti-public education charter school movement.
- Greg Penner: Penner, the husband of Carrie Walton and son-in-law of Rob, has given $150,000 to WelcomePAC since 2022. Penner is also Chairman of Walmart’s Board of Directors and a managing partner for the Walton family’s private equity firm.
- Bekenstein family: Bain Capital co-chairman Joshua Bekenstein and his wife Anita have given a combined $375,000 to WelcomePAC since October 2024.
- Michael Bloomberg: Billionaire and former New York City mayor Michael Bloomberg has given $100,000 to WelcomePAC since August 2024. Bloomberg is best known for his controversial mayoralty (which saw the expansion of racist “stop-and-frisk” policing tactics and anti-Muslim surveillance) and his expensive, widely-mocked 2020 presidential campaign.
- James & Kathryn Murdoch: James Murdoch—the estranged younger son of News Corp founder Rupert Murdoch—and his wife Kathryn have given a combined $2.5 million to WelcomePAC since April 2024.
- Rob Granieri: Granieri, the co-founder of Wall Street quantitative trading firm Jane Street, has given $100,000 to WelcomePAC since June 2024.
- Edward Fishman: Fishman, a managing director at hedge fund D.E. Shaw, has given $200,000 to WelcomePAC since February 2022.
- Mark Heising: Heising, the founder of private equity firm Medley Partners, has given $250,000 to WelcomePAC since June 2024.
- David Nierenberg: Nierenberg, an investment manager and former national finance co-chair for Mitt Romney’s 2008 and 2012 presidential campaigns, and his wife Patricia have given a combined $726,600 to WelcomePAC since March 2024.
- Americans Together Inc: Americans Together Inc, a centrist group founded by former Sen. Joe Manchin’s (D-W.Va.) daughter Heather Manchin Bresch, has given over $1 million to WelcomePAC since February 2024. A core plank of Americans Together’s policy platform is opposing any repeal or reform of the Senate filibuster (the goal, ironically, of a 2021 book by WelcomeFest speaker Adam Jentleson).
- Bresch, the former CEO of pharma company Mylan, attracted national attention in 2016 for defending Mylan’s EpiPen price-gouging.
Who’s Actually Welcome to the Party?
While WelcomePAC’s donor roster makes clear who the group wants to welcome into the Democratic tent, its website is quite explicit about who they wish to exclude. WelcomePAC blames the Democratic Party’s woes on an “extreme right and socialist left […] conspiring with conflict-driven media to trash the Democratic brand.” In a poorly-aged 2021 Substack post calling for a “Jim Clyburn Day,” Welcome co-founder Lauren Harper celebrated Clyburn’s 2020 endorsement of Biden for “steering the party away from further polarization that would have led to a second Trump term.”
WelcomeFest organizers have explicitly juxtaposed their event with the purportedly left-wing Democratic National Committee, offering a refuge to those put off by the Democratic Party’s current leadership. They firmly reject unspecified “progressive purity tests” (read: having values), but lack a compelling explanation for why swing and red state voters are flocking to the progressive-populist fight against oligarchy.
Bafflingly, for a group that promises to offer “a vision for a depolarized United States,” WelcomeFest only features Democrats speaking about the need to moderate. The group, which proudly touts the label of “centrist insurgency,” has seemingly little to offer a polarized Republican Party—which is perhaps why their previous campaign to convince five House Republicans to caucus with Democrats failed so spectacularly. This has hardly hampered their push for moderation at all costs. In pursuit of this end, the group has even invented a metric that claims safe blue congressional seats are undemocratic, encouraging Republican challengers to pursue previously uncontested blue seats.
Some of WelcomePAC’s top staff have also spent their careers working to move the Democratic Party to the right. Co-founder Liam Kerr previously spent 10 years working for Democrats for Education Reform, a charter school advocacy organization founded and funded by hedge fund managers. Welcome Party board member Catharine Bellinger has also spent her career working for the same pro-charter school groups as Kerr. WelcomePAC’s political director, Daniel Conway, spent nearly six years working for No Labels, the centrist dark money group co-founded by the late Joe Lieberman that repeatedly attempted to recruit a third party candidate to run for president in 2024.
Taken together, WelcomePAC’s leadership and funding are at odds with their claimed opposition to the “buttoned-up [politics] of Washington elites.” Like Third Way and the Democratic Leadership Council before it, Welcome is yet another donor- and elite-driven operation seeking to drag the Democratic Party rightward on economic policy. That “rebranded neoliberalism” approach risks further alienating the very constituencies that Democrats lost in 2016 and 2024, and ceding further ground to right-wing faux-populists like Vice President JD Vance.
Given the WelcomeFest lineup, it’s clear that the donor class views Abundance as key to carrying out this self-serving crusade against populism.
Democratic Voters Choose Fighting Corporate Power Over Neoliberal Abundance 'Scam': Poll
"At a moment when U.S. democracy is threatened by MAGA authoritarianism and deep inequality, doubling down on private-sector solutions while ignoring redistributive policy is a dangerous distraction," said one critic.
May 29, 2025
Democratic voters overwhelmingly prefer a populist program that takes on oligarchy and corporate power over the so-called "abundance agenda" that's all the rage among many liberals as party leaders examine why they lost the White House and Congress in 2024 and strategize about how to win them back.
That's according to a new Demand Progress poll of 1,200 registered voters "to test the resonance of the 'abundance agenda' being promoted as a potential policy and political refocus for the Democratic Party."
"What these voters want is clear: a populist agenda that takes on corporate power and corruption."
The poll revealed that 55.6% of all surveyed voters said they were somewhat or much more likely "to vote for a candidate for Congress or president who made the populist argument," compared with 43.5% who said they were likelier to cast their ballot for a candidate promoting the abundance agenda.
Among Democratic respondents, 32.6% said they were somewhat or much likelier to vote for abundance candidates, compared with 40.6% of Independents and 58.8% of Republicans. Conversely, 72.5% of surveyed Democrats, 55.4% of Independents, and 39.6% of Republicans expressed a preference for candidates with populist messaging.
"To get out of the political wilderness, and win over not just Democrats but also Independent and moderate voters, policymakers need to loudly state their case for helping middle- and working-class Americans," Demand Progress corporate power program director Emily Peterson-Cassin said in a statement Thursday.
Our poll got some notable responses last night! We went out of our way to generously characterize abundance using language from that camp but they responded by nitpicking and moving the goal posts. Check out our poll to see for yourself why abundance is an electoral loser.
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— Demand Progress (@demandprogress.bsky.social) May 29, 2025 at 4:38 AM
"What these voters want is clear: a populist agenda that takes on corporate power and corruption," Peterson-Cassin added. "The stakes are too high for Democrats to fixate on a message that only appeals to a minority of independent and Democratic voters."
Inspired by San Francisco's YIMBY—or "yes-in-my-backyard"—movement to build as much market-rate housing as possible with scant consideration for the fact that only relatively wealthy people like themselves can afford to live there, New York Times columnist Ezra Klein and Atlantic staff writer Derek Thompson earlier this year published Abundance, which topped the Times' nonfiction bestseller list.
Klein and Thompson assert that well-meaning but excessive regulation in Democrat-controlled cities is thwarting progress, and that U.S. liberals' focus on blocking bad economic development has come at the expense of good development over the past half-century. They cite environmental and zoning regulations, as well as burdensome requirements attached to public infrastructure projects and housing construction, as some of the barriers to development.
The Demand Progress poll found that Republicans were much more likely to have a positive view of candidates embracing the abundance agenda. However, the movement has been gaining traction among centrist and even left-of-center Democrats in cities like San Francisco, where the Abundance Network, a YIMBY nonprofit, has become a major player in city politics and has bankrolled a tech-backed takeover of the local Democratic Party, as Mission Local's Joe Rivano Barros and others have detailed.
Leftist critics have pulled no punches in calling out the abundance agenda as neoliberalism dressed in progressive clothes.
"The abundance movement is a scam," Brandee Marckmann of the progressive San Francisco Education Alliance told
Common Dreams on Thursday. "It's a rebranded Trumpian movement that punches down on working-class families. The only abundance these guys want is for themselves, and they want to line their pockets through political schemes that steal money from our public schools, public housing, and public transportation."
The “abundance agenda” promoted by Ezra Klein and Derek Thompson is gaining traction among center-left Democrats, but it’s largely a rebranding of deregulation and market-first policies -- more Rockefeller Republican than progressive.
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— The Phoenix Project ( @phoenixprojnow.bsky.social) April 18, 2025 at 1:46 PM
As Phoenix Project, a grassroots San Francisco group fighting dark money in politics, recently noted, "Ezra Klein and Derek Thompson's Abundance helped rebrand Reagan-era economics for a new generation, but behind the gloss lies a familiar web of tech, real estate, and right-wing influence."
"At a moment when U.S. democracy is threatened by MAGA authoritarianism and deep inequality, doubling down on private-sector solutions while ignoring redistributive policy is a dangerous distraction," the group added.
Pointing to the Demand Progress poll, The Lever's Veronica Riccobene wrote Thursday that "Democratic voters know who their real enemy is."
"A majority believe the 'big problem' in America is that corporations and their executives have too much economic and political power," she said. "It's not surprising, considering Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio Cortez (D-N.Y.) are pulling huge crowds on their 'Fighting Oligarchy' tour, even in deep-red states."
"Meanwhile, fewer Democratic voters believe the country's big problem is regulatory bottlenecking, a core argument of the neoliberal 'abundance' movement," Riccobene added.
The “abundance” agenda will not make sense to the average American because yall can’t even explain it clearly on here. Fight to guarantee people healthcare, housing, education, and living wages. It’s that simple.
— Nina Turner (@ninaturner.bsky.social) May 27, 2025 at 3:42 PM
As progressive political strategist Dan Cohen said in response to the new poll, "The voters are demonstrating that they understand the problem with quite a traditional view of American politics and economics: that there is too much power and influence in corporate hands and everyday Americans aren't getting their fair share."
"Democrats would be wise to listen to the voters and respond directly to those views with their rhetoric and actions," he added.
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