Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

GOP billionaire Ken Langone says he will hold a fundraiser for conservative Democrat Joe Manchin

by
November 10, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Raising interest rates is the wrong solution to the inflation problem, analyst says

Asia-Pacific markets rise; Reserve Bank of Australia decision ahead

Republican billionaire Ken Langone says he plans to host a fundraiser for Sen. Joe Manchin after the conservative West Virginia Democrat blocked key elements of President Joe Biden’s agenda.

The comments came as Democrats in Congress continue to hash out major parts of Biden’s economic plans, namely social safety net spending and plans to battle climate change.

Langone, in an interview Wednesday with CNBC’s “Squawk Box”, praised Manchin for his “guts and courage” and explained that he was set to raise money for him. Manchin is up for reelection in 2024.

“I don’t see leadership any place in this country. Thank God for Joe Manchin,” Langone said.

“I’m going to have one of the biggest fundraisers I’ve ever had for him. He’s special. He’s precious. He’s a great American,” he added. Langone has never contributed to one of Manchin’s campaigns, according to the nonpartisan Center for Responsive Politics.

Manchin’s office did not return a request for comment on Langone’s statements.

Manchin, who has made millions from the coal industry, has opposed certain plans of Biden’s $1.8 trillion social spending plan, including clean energy provisions. He has also opposed raising corporate taxes above 25% and a proposed tax that would target billionaires.

The social safety net and climate plan, known as the Build Back Better Act, would expand Medicaid and Medicare, pay for universal pre-K and dedicate $550 billion to initiatives intended to fight climate change, among other things. The House is expected to vote on the legislation this month, but the measure, already the product of several months of negotiations, will likely change some more before the Senate takes it up.

Democrats have a narrow edge in the 50-50 Senate, due to Vice President Kamala Harris’ tiebreaking vote, so they can’t afford to lose Manchin’s vote.

Langone is the latest billionaire executive to come out in support of Manchin. Nelson Peltz, who founded the investment firm Trian Partners, told CNBC in October that he talks to Manchin every week and supports how he’s handling his work on Capitol Hill.

Langone and Peltz both supported former President Donald Trump. Langone told CNBC in 2016 he would back Trump’s initial candidacy for the White House but that he was done with political fundraising. After he later endorsed Trump’s economic policies, including tariffs on Chinese goods, Langone took aim at the former president after the deadly Capitol Hill riot on Jan. 6.

Beyond Langone and Peltz, Manchin has already seen a wave of campaign contributions from corporate America as he fights his own party.

In the third quarter, Manchin’s political operation received corporate contributions from J.P. Morgan Chase, Duke Energy, Southern Nuclear Operating Company, UBS Americas and PG&E. Manchin’s reelection committee finished the third quarter raising over $1.5 million.

ShareTweetPin

Related Posts

Raising interest rates is the wrong solution to the inflation problem, analyst says

by
July 5, 2022
0

Raising interest rates to tame demand -- and therefore inflation -- is not the right solution, as high prices have...

Asia-Pacific markets rise; Reserve Bank of Australia decision ahead

by
July 5, 2022
0

SINGAPORE -- Futures in the Asia-Pacific pointed to a mixed open as investors look ahead to the Reserve Bank of...

‘There are no loans for retirement’: Suze Orman warns to avoid these blunders so you can live your best retired life

by
July 5, 2022
0

Motley Fool Suze Orman Says This Is 'the Biggest Financial Mistake Parents Are Making' The 2022 Retirement Confidence Survey by...

Wall Street banks name their top global stocks for the second half — and give three over 70% upside

by
July 5, 2022
0

It has been an unforgettable first half for investors -- and not in a good way, as a brutal sell-off...

Want to know where to invest for the next 10 years? Here’s what the pros suggest

by
July 5, 2022
0

Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. "Looking...

Next Post

MBA: "Mortgage Delinquencies Decrease in the Third Quarter of 2021"

U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net