In his recent contribution, Elon Musk, the world’s richest man, has donated to America PAC, an organization supporting the United States Republican Party candidate, Donald Trump. This has revealed increasing support for Trump, especially in the swing states. Sources, who preferred to remain anonymous, confirmed that Musk donated an undisclosed amount to America PAC. However, election regulations require the PAC to disclose its list of donors by July 15.
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Musk Joins Billionaire Support for Trump
With this donation, Musk joined other successful business magnates from the United States who fund Trump’s campaign. This action presents Musk as changing from politically neutral to actively campaigning for a given candidate. American billionaires like Ken Griffin and Paul Singer, who have previously criticized Trump, have also reportedly engaged with the former president to discuss campaign contributions. Despite these discussions, sources confirm that Griffin and Singer have not yet committed to Trump’s campaign.
Musk’s reported donation arrives when Trump has outdone his opponent, President Joe Biden, in fundraising. This increase in funding is attributed to Wall Street and corporate elites, gaining steam after Biden’s poor debate.
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When Trump started receiving billions of dollars from billionaires, James Singer, Biden’s campaign manager, considered it wrong. He said Musk and other billionaires want Trump for his tax reform, and it doesn’t matter if it also hikes middle-class taxes by $2,500.
Conclusion
Elon Musk’s latest reported donation to America PAC is a remarkable event in the current U. S. presidential campaign. Since the regulations governing elections will soon reveal the fund providers, more changes in the political arena are expected. Such endorsements are unsurprising given the multi-billion dollar intensified stakes and horse-trading in the ongoing election.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.