Wednesday, July 16, 2025

True Love



Don't kid yourself. Ken Langone very much wanted to vote for Donald Trump, and probably did.


A long-time GOP donor who supported Nikki Haley for the presidency, Langone once stated that he wouldn't vote for Trump if he won the nomination, evidently because the latter is rude and crude. However, when Trump was ostensibly shot in Butler, Pa. in July, Langone instantly- as he wanted us to believe- became a supporter of the ex-actor. He told Fox News' Neil Cavuto on July 15, 2024

Saturday night is the beginning of an opportunity for him to carve a very significant place in history. I'll tell you why. One guy that ought to be really impacted by Trump's performance Saturday night, if I was Putin across the table from him, I'd say, ‘Hey, I better not bluff or I better not think this guy won't pull the trigger. This guy will pull the trigger.’ He proved that Saturday night.

The Fox Business host claimed "that's a real turnaround because you didn't want to vote for him." But Langone is not some guy at the other end of the bar from you. He is the billionaire founder of Home Depot, and the idea that he was inclined to vote for the Democratic nominee for President until Trump became the victim of an assassination attempt defies credulity.

Not when one knows which side of his bread is buttered. During the general election campaign, the GOP nominee promised to "renew the Trump tax cuts, which were the largest in history, but we will make it even better. There will be no tax on tips. It will all be made up with tariffs."  Trump vowed

a large-scale demolition of government regulations starting on Day One if he returns to the White House.

Trump spent his last administration rolling back Obama-era regulations, including climate, air pollution and water rules, some of which have since been overhauled by President Joe Biden’s team. As he eyes a return to the White House, Trump is signaling an even bigger strike against federal rules if he reclaims the presidency.

On the campaign trail in recent weeks, Trump has promised the “most aggressive regulatory reduction” in the country’s history if he’s reelected....

Trump said last week, “On Day One, I will sign an executive order directing every federal agency to immediately remove every single burdensome regulation driving up the cost of goods"....

(Elon) Musk has embraced the idea of joining Trump as a government efficiency czar. The Tesla CEO and Trump ally said in October that “a bonfire of nonsense regulations would be epic.”

Trump has also said he would order the government to eliminate at least 10 regulations for every new one — an expansion of his first-term policy that promised to slash two regulations for every new one.

And now, of course, the tax cuts, because of course a Republican president slashes the taxes of the wealthy. If there is a higher god for Republicans than slashing regulations protecting consumers and workers, it's reducing the taxes of the rich, both the core of shoving wealth upward. No doubt the ultra-rich Langone pals around with are "walking around with more bounce in their step." The "they" who have more bounce in their step have much reason to be doing cartwheels. the impact upon federal incomes of the megabill recently signed by the President will find

some 60% of the benefits would go to those making $217,000 or more (the top 20%). These folks would receive an average tax cut of $12,500, or 3.4% of their after-tax income, in 2026, the analysis found.

But the lowest-income households, who earn about $35,000 or less, would receive an average tax cut of only $150, less than 1% of their after-tax income. Middle-income households would see their taxes reduced by about $1,800, or 2.3% of their after-tax income, on average.

This analysis does not take into account the historic cuts to the nation’s safety-net program, which would hurt lower-income Americans. They would see their income reduced after factoring in the changes to Medicaid and food stamps, according to a report from the Budget Lab at Yale.

In December, 2017 Ken Langone claimed that he would "feel better when we address the debt, when we address the deficit, in a way where we're doing this over a period of time." Now he says "I am sold on" the architect of a bill which is likely to add $3.4 trillion to the deficit over the next decade.

It's not accurate that Ken Langone "didn't want  to vote for Trump." He merely wanted traditional GOP exploitation of middle, working, and lower class people, as well as significant tax breaks for the wealthy and the very wealthy, to be administered by Nikki Haley or someone less personally offensive than Donald J. Trump. And when it comes down to a choice, Langone and his fellow travelers always remember that the bottom line is wealth and power, and it comes with an (R) after the last name.



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