Reported 4 months ago
The article discusses the impact of expiring tax cuts on the support of billionaires like Elon Musk and Bill Ackman for former President Donald Trump. According to Harvard Kennedy School research fellow Gautam Mukunda, the tax cuts, which were financially beneficial to these billionaires, are set to expire soon, and their renewal would likely require Trump's re-election due to the significant cost involved. This financial calculation explains the support of wealthy individuals for Trump, alongside other factors like polling data indicating a potential Trump win.
Source: YAHOO