MSNBC host Joy Reid said on “The Reidout” Monday that the wealthy are “kissing Trump’s ring” because they want lower taxes and more deregulation.
“America’s billionaires, oil, gas, tech, media and others are jostling each other to get in front of Donald Trump and hand him millions of dollars in campaign contributions to get him back to the White House,” Reed said. “And instead of going door-to-door with hat in hand and soliciting bribes, Trump is offering deregulation, including drilling on public lands. That’s one of two things to understand about the coming election. The other is that the massive tax cuts that Donald Trump signed in 2017 during his first year in office, a dream that then-House Speaker Paul Ryan had for most of his adult life, are set to expire on New Year’s Eve next year, December 31, 2025.”
She continued, “President Biden has vowed to let the tax cuts lapse, while Trump has vowed to not only keep them but increase them, meaning billionaires can gobble up even more tax cuts. This is why other billionaires and many non-billionaire rich people, including rappers, are kissing Trump’s ring. It’s all for the Benjamin babies. They don’t care about democracy or the right to vote or women’s rights. In fact, democracy and voting are inconvenient for the super-rich because when people have a choice, they almost always choose to tax the rich. Don’t believe the bullshit that people vote against their own economic interest. The people who vote for Trump and other Republicans are wealthier than average, not poor.”
Reid added: “No matter how cruel, insane and clearly cognitively impaired this man is, billionaires are going to keep America in his little hands as long as we keep our taxes cuts and get more deregulation.”
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