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Trump Tells Corporations: Time to donate bigly to my inauguration fund....or else.

Trump Blackmail In Action....Pay Up or Else!
Is this what you voted for?
When will Trump tell you to pay up?
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Trump 'keeping tabs' on which companies aren't shelling out inauguration cash: report
Brad Reed for Raw Story
December 25, 2024 4:25PM ET

A new report from Rolling Stone claims that President-elect Donald Trump is "keeping tabs" on major corporations that have not yet forked out big bucks for his inauguration fund.

American companies are forking out money to Trump's inauguration at a time when he's threatening to slap major tariffs on foreign goods, and his decision to grant certain companies exceptions could be a make or break for their profits.

According to Rolling Stone's sources, Trump himself seems to understand this particular power dynamic, which is why he is reportedly demanding to know which firms have paid up and which ones haven't.

"In the past few weeks, Trump has at times asked close allies about how much major corporations have donated to the inaugural committee, and has sometimes inquired about specific companies by name," the publication writes. "Earlier this month, when the president-elect asked about one big-name corporation and was told it hadn’t donated, Trump replied, 'Well, they better do it soon then.'"

The report goes on to note that most of the big names in corporate America seem to have gotten the message and have been giving big in an apparent effort to avoid becoming objects of Trump's wrath.

"Some of the top donors include: Amazon ($1 million); AT&T Bank of America; Charter Communications ($1 million); Coinbase ($1 million); Ford ($1 million); General Motors; Goldman Sachs; Intuit ($1 million); Stanley Black & Decker ($1 million); Toyota ($1 million); and Uber ($1 million, plus another $1 million from its CEO)," writes Rolling Stone. "Meta, the parent company of Facebook, is giving $1 million. The powerful drug lobby Pharmaceutical Research and Manufacturers, or PhRMA, is kicking in $1 million, as is Sam Altman, the CEO of OpenAI."

++++++

So there you have it. Blackmail, coercion, strong arming, or a plain and simple threat, Trump says pay me or else.
Top | New | Old
MarineBob · 56-60, M
My business is ran basically the same way. I purchase mainly from those that purchase from me.
JSul3 · 70-79
@NativePortlander1970 It's easy.
Did you see that 49.9% for your boy?
Math says 49.9 is less than 50.
No majority.
@JSul3 Yet more than he got in 2016...
[image/video deleted]

and 2020...
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Thinkerbell · 41-45, F
@JSul3

"Fact is Trump does not have a mandate."

Then neither did Lincoln in 1860; he only got 39.7% of the popular vote, much less than 49.9%.

And as for getting richer, I have no doubt that Schiff (for example) will get richer, now that he's in the Senate.
Thinkerbell · 41-45, F
Funny how short Rolling Stones' memory is... 🤭

"Numerous corporations helped bankroll President Joe Biden's made-for-TV inauguration celebrations, together contributing well into the eight-figures to fund the festivities, according to new disclosure documents filed with federal regulators.

Many of these corporations spend tens of millions of dollars annually to lobby and otherwise influence the federal government, including Congress and the White House. And some also are government contractors who stand to make millions — even billions — of dollars off the deals they strike with the Biden administration.

Several companies contributed $1 million, including Bank of America, AT&T, Comcast Corp., Boeing, Qualcomm Inc., drug maker Pfizer, Uber Technologies, defense contractor Lockheed Martin, medical technology company Masimo Corporation and motion picture company Levantine Entertainment LLC."

https://www.businessinsider.com/joe-biden-corporations-president-inauguration-washington-2021-4?op=1
Thinkerbell · 41-45, F
@JSul3

Which I did, to get at the whole truth.
JSul3 · 70-79
@Thinkerbell Be sure you keep track of who pays and what your orange leader has to say about it.
Thinkerbell · 41-45, F
@JSul3

I have no doubt that you'll regale us with what your orange demon says, from such credible sources as Rolling Stone. 🤭
SpudMuffin · 61-69, M
When you have a new king, you have to pay for his coronation. Don't worry, this won't affect CEO's or shareholders.
You mean conservatives have learned some of the same shakedown tactics that the left has been using for years. LOL
Spotpot · 46-50, M
@MayorOfCrushtown An example please showing the left doing the same thing.
The amazing part is that you actually believe this tripe 🤣
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JSul3 · 70-79
@Reason10

When policymakers were debating the Tax Cuts and Jobs Act of 2017, many proponents claimed that average U.S. workers would benefit via wage increases. These adherents of trickle-down economic theory argued that, alongside other business tax cuts in the law, slashing the C-corporation tax rate by 14 percentage points, from 35 percent to 21 percent, would reduce these firms’ cost of capital—or how expensive, after tax, it is to invest in new projects. This, proponents said, would spur private investment, which, in turn, would boost workers’ productivity and thus increase wages and job openings.

This highly speculative string of contingencies is a tenet of faith among supply-side economists. Yet the empirical evidence has never been on their side. And now, nearly 6 years after the Tax Cuts and Jobs Act was signed into law by former President Donald Trump, a new study further reinforces that these business tax cuts benefit highly paid executives, not the vast majority of U.S. workers.

Indeed, the paper—by Patrick Kennedy, Paul Landefeld, and Jacob Mortenson, all of the U.S. Congress’ Joint Committee on Taxation, and Christine Dobridge of the Federal Reserve Board of Governors—finds that almost all of the benefits of the 2017 law’s signature $1.3 trillion C-corporation tax cut went to high-income shareholders and executives—not low- or moderate-income workers. (This $1.3 trillion figure refers to the 10-year cost estimate specifically for the C-corporation rate cut provision, provided by the Joint Committee on Taxation before the bill was passed.)

Using anonymized tax records and sophisticated methods, the four co-authors find that workers below the 90th percentile in their firm’s earnings distribution did not receive any wage boost from the C-corporation tax cut.

Gas prices have gine down for months.
Does Biden get credit for it?
No. Oil is traded globally. Today oil is trading at approx. $75 per barrel.
Gas price will vary due to state gas taxes. Today in DFW, regular unleaded can be purchased for $2.43-$2.49.
Spotpot · 46-50, M
Goverment is not lika a busniess
ron122 · 41-45, M
I see you are STILL in meltdown mode from the election. Just keep making up fake posts if it makes you feel better.
JSul3 · 70-79
@ron122 The resistance is just beginning pal.
Dino11 · M
That is Liberal BS!
JSul3 · 70-79
@Dino11
Some of the largest, most powerful companies in the United States are racing to finance President-elect Donald Trump's inaugural fund as they attempt to court favor with the incoming administration, which has promised a further reduction of the corporate tax rate.
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JSul3 · 70-79
@Dino11 Why didn't Trump 1.0 fix things his first term?

So....what is messed up now?
Low gas prices....low unemployment....

Eggs? That's due to the avian flu wiping out thousands of hens....high demand/low supply.
zonavar68 · 56-60, M
# 1 contributor - Mike Lindell aka My Pillow Guy. 8-) Can we spew now?
Rolexeo · 26-30, M
Defending multi-billion dollar corporations is crazy
oldguy73 · 70-79, M
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JSul3 · 70-79
@Reason10 Reading comprehension lacking there R10?

Bezos and pals are bowing to Trump. They want their tax cuts and regulations removed.

Funny how Zuckerberg said facts were important a few years ago....now? Not so much. Begone fact checkers!

 
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