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Silicon Valley cheers JD Vance, more tech billionaires back Trump

Donald Trump’s choice of Sen. J.D. Vance as his running mate for 2024 is being seen as a potential windfall for Silicon Valley, with major tech venture capital firms voicing their support. The Ohio Republican is best known as the author of the blockbuster memoir “Hillbilly Elegy,” which detailed the plight and concerns of Rust […]

Washington Post slammed for claiming pro-Trump billionaires shaped ‘shooting narrative’

Following the assassination attempt on former President Trump, the Washington Post has come under fire for a story that suggested a “billionaire Trump supporter helped craft the shooting.” “X’s right-wing business elite, including Elon Musk and hedge fund billionaire Bill Ackman, used their megaphones to back Trump and stoke the narrative about Saturday’s attack,” The […]

Sanders rips billionaires who ‘give up democracy’ to support Trump

Sen. Bernie Sanders (I-VT) slammed the billionaires who have been donating money to former President Donald Trump in his 2024 presidential campaign, calling them “greedy.” Sanders, who chairs the Senate Health, Education, Labor and Pensions Committee, said in an interview with MSNBC’s Chris Hayes: Called Billionaires who embraced the former president as a supporter of […]

Biden camp: Billionaires like Musk view Trump as 'a sucker'

President Biden’s reelection campaign argued Thursday that billionaires see former President Trump as a convenient “sucker” who can cut their taxes. The Biden campaign has disputed a Wall Street Journal report that Tesla CEO Elon Musk could become a White House adviser as a way to offer “formal input” on the economy and border policy […]

Yellen says US opposed to global tax on billionaires

Treasury Secretary Janet Yellen said the United States does not support a global wealth tax on billionaires, opposing proposals put forward by Brazil, France and other countries. Brazil, which holds the rotating presidency of the Group of 20 (G20) this year, wants the organization to adopt a unified approach to taxing the ultra-wealthy. The world’s […]

Yellen bats down proposal for global wealth tax for billionaires

Treasury Secretary Janet Yellen said she does not support a proposal that would impose a global wealth tax on the wealthiest billionaires. Yellen opposes the proposal, put forward by Brazil, which is leading the Group of 20 major economies this year. German, Spanish, and South African officials have also discussed the proposal, which aims to […]