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The White House is keeping a spreadsheet of 553 companies, ranked by how publicly they support Donald Trump’s “One Big Beautiful Bill” reconciliation plan.
Trump calls it “loyalty.” We call it something else.
An Axios report confirmed that corporations are being scored as strong, moderate, or low based on how visibly they praise Trump’s agenda—on social media, at press conferences, in ads, even at White House events.
This isn’t just politics as usual. It’s a shift toward what some economists call state corporatism—but what history more honestly calls authoritarianism.
At The New Republic, we’ve tracked how Trump’s second term is fusing private wealth and state power into a system where obedience is rewarded, dissent is punished, and constitutional norms are treated as optional.
We need your help to keep exposing the machinery behind Trump’s power grabs.
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Trump isn’t just dismantling regulatory agencies. He’s replacing them with something far more dangerous: himself. A one-man regulatory regime where approval depends on how loudly you say his name.
This is what fascist corporatism looks like:
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Power rewarded not by merit or law but by allegiance. |
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Business leaders falling in line out of fear or greed. |
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The state captured and repurposed in service of one man. |
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Every donation fuels the reporting needed to shine a light on authoritarian power plays like this one. For U.S.-based donors giving $100 or more, we’ll send you a TNR tote bag to carry the truth with you.
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Help us expose every piece of this machine before it’s too late.
Thank you for standing with us.
Sincerely,
Michael Tomasky, editor
The New Republic
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An ideology that failed under Mussolini, Hitler, Franco, and Portugal’s António de Oliveira Salazar gets taken out for another spin.
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