{"id":1036079,"date":"2024-06-18T19:30:42","date_gmt":"2024-06-18T19:30:42","guid":{"rendered":"https:\/\/democrats.org\/?p=1036079"},"modified":"2024-06-18T19:30:43","modified_gmt":"2024-06-18T19:30:43","slug":"trumps-maga-veepstakes-tim-scott-is-putting-billionaire-donors-ahead-of-hardworking-americans","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trumps-maga-veepstakes-tim-scott-is-putting-billionaire-donors-ahead-of-hardworking-americans\/","title":{"rendered":"Trump\u2019s MAGA Veepstakes: Tim Scott Is Putting Billionaire Donors Ahead of Hardworking Americans"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/maga-veepstakes.png?w=780\" alt=\"\" class=\"wp-image-1033294\" style=\"width:840px;height:auto\"\/><\/figure>\n\n\n\n<p><em>Ahead of Tim Scott\u2019s MAGA veepstakes fundraising audition tomorrow, <\/em><strong><em>DNC Rapid Response Director Alex Floyd released the following statement:&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p>\u201cJust like Donald Trump, Tim Scott is focused on his billionaire buddies while leaving hardworking Americans high and dry. Scott has consistently supported Trump\u2019s extreme, expensive, and special interest-backed MAGAnomics agenda, calling for the end of Social Security and Medicare as we know them and even defending junk fees that boost the profits of big banks while nickel-and-diming working people. Trump is turning his MAGA veepstakes into a fundraising competition that puts the ultra-wealthy ahead of American families, and&nbsp;voters will reject their pay-to-play politics at the ballot box in November.\u201d<\/p>\n\n\n\n<p><strong>VP contender Tim Scott is cozying up to billionaire donors as he desperately vies to be Donald Trump&#8217;s running mate.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-18\/tim-scott-leverages-billionaires-to-boost-vice-presidential-bid?utm_source=google&amp;utm_medium=bd&amp;cmpId=google\">Bloomberg<\/a>: <strong>\u201cTim Scott Leverages Billionaires to Boost Vice-Presidential Bid\u201d<\/strong><\/p>\n\n\n\n<p>\u201cFew politicians know how to win over a billionaire like Tim Scott does. An event Wednesday in Washington will test whether he can leverage that clout to become Donald Trump\u2019s running mate. \u2026 As the veepstakes heats up, his best shot at winning Trump\u2019s approval may come from his ability to charm billionaires.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2024\/05\/08\/us\/politics\/tim-scott-trump-fundraiser.html\">New York Times<\/a>: \u201cA financial show of force for [Tim] Scott\u2019s group could lift his chances of being selected by <strong>Mr. Trump, who has spoken to advisers at Mar-a-Lago about which potential running mates could help the campaign raise money.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/senators-fundraising-skill-could-be-winning-ticket-for-trumps-veepstakes\">Fox News<\/a>: \u201cSenator\u2019s fundraising skill could be winning ticket for Trump&#8217;s veepstakes\u201d<\/p>\n\n\n\n<p><strong>Scott has long supported Trump\u2019s failed MAGAnomics agenda \u2013&nbsp;he was an architect of Trump\u2019s tax scam, and his Opportunity Zones initiative gave tax breaks to wealthy real estate developers while largely leaving out to dry the small businesses and low-income communities it was supposed to help.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/DNCWarRoom\/status\/1650554193470697473?s=20\">Scott<\/a>: <strong>\u201cWe make the Tax Cuts and Jobs Act tax cuts permanent.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.rev.com\/blog\/transcripts\/tim-scott-2024-presidential-announcement-speech-transcript\">Scott<\/a>: <strong>\u201cI was one of the lead authors for the Republican tax reform bill.<\/strong> \u2026 That was just one bill. Imagine what we could do with an entire agenda.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=djLA2yk3eMY\">Scott<\/a>: <strong>\u201cWe also reduced the corporate tax from 35 to 21 percent. We need more of the same.<\/strong> \u2026 We need to recalibrate our [corporate] taxes to take them a little lower from our perspective. Maybe down to about 16 percent.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/redcircle.com\/shows\/7ed9894a-10a8-4c9d-887c-c81190173878\/episodes\/899bf753-869f-4533-9b72-20342373030e\">Scott<\/a>: <strong>\u201cI would simply eliminate the IRA, the Inflation Reduction Act\u2026 I would start the process of gutting that legislation.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.pbs.org\/newshour\/show\/trump-era-opportunity-zones-meant-to-help-low-income-communities-exploited-by-investors\">PBS Newshour<\/a>: <strong>\u201cTrump-era Opportunity Zones meant to help low-income communities exploited by investors\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.nytimes.com\/2020\/06\/17\/business\/trump-opportunity-zone-jobs.html\">New York Times<\/a>: <strong>\u201cA new tax break that President Trump frequently touts as a boon to black Americans and hard-hit communities is spurring relatively little job creation while disproportionately helping high-profit real estate projects and not small businesses, an extensive new study by the Urban Institute has found.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.forbes.com\/sites\/camilomaldonado\/2019\/10\/10\/trump-tax-cuts-helped-billionaires-pay-less-taxes-than-the-working-class-in-2018\/?sh=642388dd3128\">Forbes<\/a>: <strong>\u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2019\/oct\/09\/trump-tax-cuts-helped-billionaires-pay-less\">The Guardian<\/a>: <strong>\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<p><strong>Scott doesn\u2019t think that the American people are opposed to junk fees and has railed against President Biden\u2019s actions that are lowering costs for hardworking families.&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/SenateDems\/status\/1801047172533588185\">Scott<\/a>: \u201cIf you say the word junk fees, you assume that those junk fees are just unnecessary. <strong>I\u2019m not sure that the average business person and\/or the consumer would see the late fees, the overdraft fees, and non-sufficient fund fees as junk fees.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-05\/trump-ally-tim-scott-seeks-senate-vote-to-block-biden-credit-card-late-fee-cap?srnd=us-politics&amp;sref=j9PkcaMF\">Bloomberg<\/a>: <strong>\u201cTrump Ally Tim Scott Seeks to Block Biden Credit Card Late Fee Cap\u201d<\/strong><\/p>\n\n\n\n<p>\u201cA key Donald Trump ally is seeking a Senate vote to block a new Biden administration rule capping credit card late fees, targeting a high-profile initiative in the president\u2019s campaign to crack down on unpopular \u2018junk fees.\u2019 Senator Tim Scott, a potential Trump vice presidential pick and the top Republican on the Banking Committee, said Tuesday he would push the Senate to take action to block the new regulation, to be announced Tuesday at a meeting of the White House Competition Council.\u201d<\/p>\n\n\n\n<p><strong>Scott has also called to end Social Security and Medicare as we know them.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/TheDemocrats\/status\/1646136653029801984\">Scott<\/a>: <strong>\u201cThe long-term challenges that we have in our entitlement programs \u2014 there\u2019s no doubt that we have to wrestle this beast to the ground.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/DNCWarRoom\/status\/1683858962331111426?s=20\">Scott<\/a>: \u201cWe also have to look at the overall entitlement state of our nation.\u2026 <strong>In order for us to tame the tiger, we\u2019re going to have to take a serious look at the overall entitlement state that we have.\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.wmur.com\/article\/closeup-scott-promises-entitlement-reform-that-protects-benefits-for-older-americans\/44023822\">Scott<\/a> on Social Security and Medicare: <strong>\u201cWe\u2019re going to have to come to the table and have that conversation, and start making very difficult choices.\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/politics\/2023\/02\/09\/trump-desantis-biden-social-security-medicare\/\">Washington Post<\/a>: \u201cOther potential entrants in the Republican primary, such as former secretary of state Mike Pompeo, Sen. Tim Scott (S.C.) and South Dakota Gov. Kristi L. Noem, also voted for Ryan\u2019s budget when they were in Congress.<\/p>\n\n\n\n<p><strong>Trump\u2019s VP contenders are cozying up to ultra-wealthy donors as Trump continues to make his MAGA veepstakes a fundraising competition that puts billionaires ahead of hardworking Americans.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/veepstakes-potential-trump-running-mates-team-up-former-president-haul-in-campaign-cash\">Fox News<\/a>: <strong>\u201cVP hopefuls dueling for dollars as they show off their fundraising clout for Trump\u201d<\/strong><\/p>\n\n\n\n<p>\u201cAs they audition for the role of Donald Trump&#8217;s running mate, potential vice presidential nominees are showing off their ability to help the former president raise much-needed campaign cash. <strong>Closed-door fundraisers with top-dollar Republican donors appear to be the latest screen test venue for those vying to land on the GOP ticket alongside Trump<\/strong>, joining a list that includes teaming up with the former president at his rallies and showing up at his criminal trial in New York City in support of Trump.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/news\/2024\/06\/05\/trump-vice-president-picks-records-00161936\">Politico<\/a>: \u201cTrump\u2019s vice presidential contenders have been taking aggressive steps to distinguish themselves, such as doing interviews with national news outlets, fundraising for the former president and attending his hush money trial in New York.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.axios.com\/2024\/05\/24\/trump-jd-vance-tech-fundraiser-david-sacks\">Axios<\/a>: \u201cSen. J.D. Vance (R-Ohio), a top possible VP pick for former President Trump, has spent the past six months lobbying some of the heaviest hitters in Silicon Valley to back Trump.\u201d<\/p>\n\n\n\n<p><strong>Trump\u2019s VP contenders have lined up behind his MAGAnomics tax scam.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.valleynewslive.com\/content\/misc\/Governor-Doug-Burgum-on-Vice-President-Pence-478179103.html\"><strong>Doug Burgum<\/strong><\/a>: \u201cI believe in these economic policies, I believe the tax bill is a great thing.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.nationalreview.com\/2018\/05\/corporate-tax-cuts-must-help-working-families-marco-rubio\/\"><strong>Marco Rubio<\/strong><\/a>: \u201cOverall, the Republican tax-cut bill has been good for Americans. That is why I voted for it.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/TomCottonAR\/status\/1794006605295419566\"><strong>Tom Cotton<\/strong><\/a>: \u201cTrump&#8217;s tax cuts helped deliver the strongest economy in recent history.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2017\/12\/20\/ben-carson-leads-prayer-for-tax-cuts-at-trump-cabinet-meeting.html\">CNBC<\/a>: \u201c<strong>Ben Carson<\/strong> leads prayer for tax cuts at Trump Cabinet meeting\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.kotatv.com\/content\/news\/Noem-comes-to-Rapid-City-to-discuss-the-tax-bill--467939743.html\">KOTA<\/a>: \u201cRepublicans are calling President Trump\u2019s tax plan the biggest tax overhaul in history. \u2026 Representative <strong>Kris[ti] Noem<\/strong> was a big part in pushing this bill.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.foxbusiness.com\/video\/6351751490112\">Fox Business<\/a>: \u201cTrump\u2019s tax policies have worked out for all of America: Rep. <strong>Byron Donalds<\/strong>\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/twitter.com\/DNCWarRoom\/status\/1684928904539283456\"><strong>Vivek Ramaswamy<\/strong><\/a> on a suggestion to make permanent or expand the Trump tax cuts: \u201cI\u2019d go a little further, Larry, than that, to be honest with you.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.alreporter.com\/2022\/04\/05\/katie-britt-releases-memo-on-reducing-the-size-scope-and-reach-of-government\/\">Alabama Political Reporter<\/a>: \u201c<strong>Katie Britt<\/strong> on Monday released a memo with her policy positions \u2026 [including] a bill to make permanent the individual tax cuts and extend the expanded standard deduction contained in President Trump\u2019s 2017 Tax Cuts and Jobs Act. \u2026 a pro-growth tax reform bill reducing business tax rates, repealing the Death Tax, and making the expensing of capital assets permanent. \u2026 a bill to repeal the state and local tax deduction.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/web.archive.org\/web\/20191228210233\/https:\/wesleyfortexas.com\/wesley-on-the-issues\/\"><strong>Wesley Hunt<\/strong><\/a>: \u201cI supported the 2017 Tax Reform bill.\u201d<\/p>\n\n\n\n<p><strong>Trump has already sold out hardworking Americans for wealthy Big Oil and Gas donors. <\/strong><strong><br><\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.rollingstone.com\/politics\/politics-news\/trump-oil-industry-executive-orders-climate-experts-sound-alarm-1235017726\/\">Rolling Stone<\/a>: <strong>\u201cOil Industry Licks Its Chops for Potential Trump Win\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/news\/2024\/05\/08\/oil-industry-orders-trump-day-one-00156705\">Politico<\/a>: <strong>\u201c\u2018A little bold and gross\u2019: Oil industry writes executive orders for Trump to sign\u201d<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/climate-environment\/2024\/04\/17\/trump-wind-power-oil-executives\/\">Washington Post<\/a>: <strong>\u201cTrump rails against wind energy in fundraising pitch to oil executives\u201d<\/strong><\/p>\n\n\n\n<p>\u201c\u2018I hate wind,\u2019 Trump told the executives over a meal of chopped steak at his Mar-a-Lago Club and resort in Florida.\u201d<\/p>\n\n\n\n<p><strong>\u201cTrump\u2019s comments reveal how he is wooing potential donors with his long-standing hostility to wind farms and pledges to halt this form of renewable energy if he returns to office. His stance poses a potential threat to one of the linchpins of America\u2019s clean-energy transition<\/strong>, according to more than a dozen Trump allies, energy experts and offshore wind industry officials.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-09\/trump-got-7-4m-from-energy-sector-donors-making-him-their-2024-pick\">Bloomberg<\/a>: \u201cDonald <strong>Trump is the oil and gas industry\u2019s undisputed top pick<\/strong> for the Republican presidential nomination as energy sector donors shower his candidacy with nearly 10 times the amount of money as they gave his challenger Nikki Haley.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/nation\/2023\/11\/10\/trump-oil-gas-donors-climate\/\">Washington Post<\/a>: <strong>\u201cTrump turns to oil barons to boost his White House bid\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahead of Tim Scott\u2019s MAGA veepstakes fundraising audition tomorrow, DNC Rapid Response Director Alex Floyd released the following statement:&nbsp; \u201cJust like Donald Trump, Tim Scott is focused on his billionaire buddies while leaving hardworking Americans high and dry. Scott has consistently supported Trump\u2019s extreme, expensive, and special interest-backed MAGAnomics agenda, calling for the end of [&hellip;]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","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-1036079","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump\u2019s MAGA Veepstakes: Tim Scott Is Putting Billionaire Donors Ahead of Hardworking Americans - 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\/trumps-maga-veepstakes-tim-scott-is-putting-billionaire-donors-ahead-of-hardworking-americans\/\" \/>\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=\"2024-06-18T19:30:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-18T19:30:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/maga-veepstakes.png?w=780\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trumps-maga-veepstakes-tim-scott-is-putting-billionaire-donors-ahead-of-hardworking-americans\/\",\"url\":\"https:\/\/democrats.org\/news\/trumps-maga-veepstakes-tim-scott-is-putting-billionaire-donors-ahead-of-hardworking-americans\/\",\"name\":\"Trump\u2019s MAGA Veepstakes: Tim Scott Is Putting Billionaire Donors Ahead of Hardworking Americans - 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