{"id":1050873,"date":"2025-01-20T13:51:26","date_gmt":"2025-01-20T18:51:26","guid":{"rendered":"https:\/\/democrats.org\/?p=1050873"},"modified":"2025-01-20T13:51:27","modified_gmt":"2025-01-20T18:51:27","slug":"trump-is-putting-billionaires-worth-over-1-trillion-first-and-literally-leaving-the-american-people-in-the-cold","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-is-putting-billionaires-worth-over-1-trillion-first-and-literally-leaving-the-american-people-in-the-cold\/","title":{"rendered":"Trump Is Putting Billionaires Worth Over $1 Trillion First and (Literally) Leaving the American People in the Cold\u00a0"},"content":{"rendered":"\n
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In response to Trump cramming his billionaire cronies worth over $1 trillion into the Rotunda while leaving his supporters and political allies out in the cold, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cAfter packing his Cabinet full of billionaires, Donald Trump did the same thing at his inauguration \u2014 leaving his own supporters literally out in the cold while billionaires worth over $1 trillion<\/a> got a front row seat. Trump is making his priorities clear on Day One: Anytime he has the chance, he\u2019ll put himself and his ultra-wealthy backers ahead of the American people.\u201d<\/p>\n\n\n\n

NEW: The net worth of the billionaires with a front row seat to Trump\u2019s inauguration amounts to at least $1 trillion. <\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cThe Real Time Billionaires List\u201d<\/p>\n\n\n\n

Elon Musk\u2019s net worth is $433.9 B.<\/p>\n\n\n\n

Mark Zuckerberg\u2019s net worth is $211.8 B.<\/p>\n\n\n\n

Jeff Bezos\u2019s net worth is $239.4 B.<\/p>\n\n\n\n

Bernard Arnault\u2019s net worth is $179.6 B.<\/p>\n\n\n\n

Sergey Brin\u2019s net worth is $154.0 B.<\/p>\n\n\n\n

Miriam Adelson\u2019s net worth is $31.9 B.<\/p>\n\n\n\n

Isaac Perlmutter\u2019s net worth is $4.9 B.<\/p>\n\n\n\n

John Paulson\u2019s net worth is $3.8 B.<\/p>\n\n\n\n

Tim Cook\u2019s net worth is $2.2 B.<\/p>\n\n\n\n

TheStreet<\/a>: \u201cAs of early January 2025, [Sundar Pichai\u2019s] net worth is reported to be in excess of $1.3 billion.\u201d<\/p>\n\n\n\n

Donald Trump surrounded himself with billionaire cronies during his inauguration, kicking out elected officials to make room for them. <\/strong><\/p>\n\n\n\n

Patricia Murphy, Atlanta Journal-Constitution<\/a>: \u201cPer the pool report, governors, including @BrianKempGA are being sent to the overflow room, while Elon Musk, Mark Zuckerberg, and other tech CEOs and inaugural donors get the seats inside.\u201d<\/strong><\/p>\n\n\n\n

Meridith McGraw, Wall Street Journal<\/a>: \u201cDonors and moguls in the Rotunda for Trump’s Inauguration: Tim Cook, Mark Zuckerberg, Jeff Bezos, Sundar Pichai, Miriam Adelson, John Paulson, Isaac Perlmutter\u201d<\/strong><\/p>\n\n\n\n

Meredith Lee Hill, Politico<\/a>: \u201cTikTok CEO Shou Chew is in the Rotunda\u201d<\/strong> <\/p>\n\n\n\n

Susan Li, Fox Business<\/a>: \u201c4 out of the 5 richest attending the #Trump inauguration<\/strong>  \ud83d\udc47<\/p>\n\n\n\n

\u201cMore than $11 Trillion in #stock value<\/strong> in attendance \u2026<\/p>\n\n\n\n

\u201c\u2022 LVMH\u2019 Bernard Arnault<\/strong>\u201d<\/p>\n\n\n\n

John Bresnahan, Punchbowl News<\/a>: \u201cNo congressional spouses allowed in Rotunda but billionaires get to bring theirs<\/strong><\/p>\n\n\n\n

\u201c$$$ talks\u201d<\/p>\n\n\n\n

Trump and his billionaire Cabinet picks want to gift tax breaks to the ultra-rich and big corporations while causing an \u201cinflation bomb\u201d as part of their Project 2025 agenda.<\/strong><\/p>\n\n\n\n

US News<\/a>: \u201cThe total net worth of the billionaires in the Trump administration, as of Dec. 10 equals at least $382.2 billion \u2013 which is more than the GDP of 172 different countries.\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201c16 Nobel economists see a Trump inflation bomb\u201d<\/strong><\/p>\n\n\n\n

\u201cSixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump\u2019s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cTrump\u2019s inflation bomb: <\/strong>How his second-term plans could make it worse\u201d<\/p>\n\n\n\n

The Atlantic<\/a>: \u201cTrump\u2019s Plan to Supercharge Inflation\u201d<\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cA drumbeat of reports from Wall Street economists have warned that Trump\u2019s plans could substantially slow economic growth while driving up consumer prices.\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump and his advisers have discussed deeper cuts to both individual and corporate tax rates that would build on his controversial 2017 tax law \u2026 Further cutting corporate taxes \u2026 would primarily benefit large firms.\u201d<\/strong><\/p>\n\n\n\n

Center for American Progress<\/a>: \u201cProject 2025\u2019s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cMillions of low- and middle-class households would likely face significantly higher taxes under the Project 2025\u2019s proposals.\u201d<\/strong><\/p>\n\n\n\n

Trump spent the campaign repeatedly promising his ultra-wealthy backers political favors while begging for campaign cash.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump makes sweeping promises to donors on audacious fundraising tour\u201d<\/p>\n\n\n\n

\u201cTrump sometimes makes requests higher than his team expects to receive, sometimes surprising his own advisers because he is asking for so much money. By frequently tying the fundraising requests within seconds of promises of tax cuts, oil project infrastructure approvals and other favorable policies and asking for sums more than his campaign and the GOP can legally accept from an individual, Trump is also testing the boundaries of federal campaign finance laws, according to legal experts.\u201d<\/strong><\/p>\n\n\n\n

Trump\u2019s utter failure of an economic record put working people last by rigging the economy for billionaires, skyrocketing the deficit, and creating new incentives for companies to ship jobs overseas.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cFor the first time in history, U.S. billionaires paid a lower tax rate than the working class last year\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cDonald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cThe 2017 corporate tax cuts signed into law by Mr. Trump have not increased government revenue \u2026 In fact, they have had the opposite effect.\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe Offshoring of U.S. Jobs Increased on Trump\u2019s Watch\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cTrump promised \u2018America First\u2019 would keep jobs here. But the tax plan might push them overseas.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In response to Trump cramming his billionaire cronies worth over $1 trillion into the Rotunda while leaving his supporters and political allies out in the cold, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cAfter packing his Cabinet full of billionaires, Donald Trump did the same thing at his inauguration \u2014 leaving his […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1050873","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump Is Putting Billionaires Worth Over $1 Trillion First and (Literally) Leaving the American People in the Cold\u00a0 - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-is-putting-billionaires-worth-over-1-trillion-first-and-literally-leaving-the-american-people-in-the-cold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-20T18:51:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-20T18:51:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-is-putting-billionaires-worth-over-1-trillion-first-and-literally-leaving-the-american-people-in-the-cold\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-is-putting-billionaires-worth-over-1-trillion-first-and-literally-leaving-the-american-people-in-the-cold\/\",\"name\":\"Trump Is Putting Billionaires Worth Over $1 Trillion First and (Literally) Leaving the American People in the Cold\u00a0 - 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