GOP Billionaire Says He Will Pull Funds from Stock Market if Harris Wins– www.breitbart.com
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Excerpt:
Republican megadonor and hedge fund billionaire John Paulson revealed that he would pull his money out of the stock market if Vice President Kamala Harris wins the upcoming presidential election, pointing to “uncertainty” around her economic policies.
In an interview with Fox Business host Liz Claman, Paulson who founded Paulson & Co., spoke about how the Biden-Harris administration wants to raise the corporate tax rate from 21 percent to 28 percent and wants to raise the capital gains rate from 20 percent to 28 percent. Trump has previously considered having Paulson serve as his Secretary of the Treasury if elected president.
“The difference between the Trump administration and Harris is very, very different,” Paulson explained. “Trump is — wants to extend the current, very successful tax policy, which was implemented in 2017. The Biden-Harris group, on the other hand, wants to change that. They want to change the corporate tax rate from 21 to 28 percent, they want to raise the capital gains rate from 20 percent initially to 39 percent now, they flip-flopped back to 28 percent.”
