Trump sold donors with a pitch that included promises to extend tax cuts for the wealthy while at a New York hotel earlier in May, according to the
“The tax cuts all expire for wealthy and poor and middle income and everything else, but they expire in another seven months and, which means taxes are going to go up by four times,” Trump reportedly said. “You’re going to have the biggest tax increase in history.” Former President Donald Trump pumps his fist as he arrives for a GOP fundraiser, Saturday, April 6, 2024, in Palm Beach, Florida.
According to the report, Trump said plainly that taxes would go up if he were not reelected, putting donors in a conundrum of whether to kneel to Trump’s lofty investment requests or potentially let Biden’s“As Joe Biden’s backers in Hollywood and Silicon Valley are withholding their support for Biden’s failing campaign, donors across the country are maximizing their efforts to reelect President Trump because they realize we cannot afford another four years of Joe Biden’s terrible policies,”...
Speaking at the Pierre Hotel, Trump also reportedly said he recently denied a donor’s request to offer him $1 million for his campaign and have lunch, saying, “I’m not having lunch,” and asking for $25 million instead.Biden’s fundraising in April, beating him by about $25 million in large part due to a massive $50.5 millionat a billionaire investor’s house. Biden is still well ahead of the former president in cash on hand though.