Elon Musk's endorsement of Donald Trump could benefit Joe Biden--if Biden plays it right
Tesla CEO Elon Musk endorsed Donald Trump for president after the failed assassination attempt against Trump on July 13. That may not do much for Trump.
Trump has been enjoying a billionaire bonanza during the last couple of months. In addition to Musk, the world’s richest man, hedge-fund magnategave a Trump political action committee $50 millionBut rich donors often get a poor return on their political investments. They can give millions to so-called super PACs that operate on behalf of a given candidate by running ads or trashing the opponent, but there are limits on what they can donate to the campaign itself.
Many of Trump’s other billionaire backers, meanwhile, are hoping for the lower taxes and lighter regulatory touch Trump promises. Biden, by contrast, wants to raise taxes on everybody earning more than $400,000 per year. So Biden can plausibly tell voters that billionaires backing Trump are simply doing so out of self-interest, hoping for a smaller tax bill and other perks should Trump win.
The former first lady spoke out after former President Donald Trump was wounded in a shooting at a campaign event the previous evening. -A U.S. judge in Florida on Monday dismissed the criminal case accusing Donald Trump of illegally keeping classified documents after leaving office, handing the Republican former president another major legal victory as he seeks a return to the White House. U.S.
Mitt Romney Billionaires Miriam Adelson Elon Musk Political Candidates Steve Schwarzman Backing Assassination Attempt Wealthy Donors
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