Trump vows to extend tax cuts to bil­lion­aires dur­ing high-dol­lar fundrais­er

Trump vows to extend tax cuts to billionaires during high-dollar fundraiser

For­mer Pres­i­dent Don­ald Trump promised dozens of wealthy donors on Sat­ur­day in Palm Beach, Flori­da, that he would extend his sig­na­ture tax cuts from his time in office should he win the pres­i­den­tial elec­tion.
Trump, the pre­sump­tive Repub­li­can nom­i­nee, made the vow to about 117 donors dur­ing the pri­vate event, which brought in more than $50 mil­lion in cam­paign dona­tions.

For­mer Pres­i­dent Don­ald Trump, right, greets Ali­na de Almei­da, sec­ond from right, as John Paul­son, sec­ond from left, greets Mela­nia Trump, left, at a GOP fundrais­er, Sat­ur­day, April 6, 2024, in Palm Beach, Fla. (AP Photo/Lynne Slad­ky)

The fundrais­er was host­ed by bil­lion­aire hedge fund man­ag­er John Paul­son and attend­ed by an array of the country’s rich­est men, includ­ing hedge fund man­ag­er Robert Mer­cer, oil exec­u­tive Harold Hamm, hotel entre­pre­neur Robert Bigelow, and casi­no mogul Steve Wynn.
“Trump spoke on the need to win back the White House so we can turn our coun­try around, focus­ing on key issues includ­ing unleash­ing ener­gy pro­duc­tion, secur­ing our south­ern bor­der, reduc­ing infla­tion, extend­ing the Trump Tax Cuts, elim­i­nat­ing Joe Biden’s insane [elec­tric vehi­cle] man­date, pro­tect­ing Israel, and avoid­ing glob­al war,” a cam­paign spokesper­son told NBC News.

For­mer Pres­i­dent Don­ald Trump, right, arrives with Mela­nia Trump for a GOP fundrais­er, Sat­ur­day, April 6, 2024, in Palm Beach, Fla. (AP Photo/Lynne Slad­ky)

The cam­paign did not pro­vide the out­let with a tran­script of the pri­vate event and did not respond to the Wash­ing­ton Examiner’s request to con­firm details of the fundrais­er.
Trump signed the Tax Cuts and Jobs Act into law in 2017, a mas­sive tax over­haul bill that Repub­li­cans praised as much-need­ed finan­cial relief for mid­dle-class fam­i­lies and small busi­ness­es. Democ­rats have repeat­ed­ly con­demned the leg­is­la­tion as a boon to “the rich.”
Many of the bill’s pro­vi­sions will sun­set in 2025, mak­ing tax reform a pri­or­i­ty for the next pres­i­dent.
Pres­i­dent Joe Biden’s reelec­tion cam­paign respond­ed to the report of Trump’s fundrais­er remarks in a state­ment, crit­i­ciz­ing the for­mer president’s tax cuts as an unpop­u­lar “tax give­away.”