Pro-Trump Billionaire Reveals Plans to Pull Investments from Stock Market if Kamala Harris Wins
In an interview with Fox Business host Liz Claman, Paulson who founded Paulson & Co., spoke about how the Biden-Harris administration wants to raise the corporate tax rate from 21 percent to 28 percent and wants to raise the capital gains rate from 20 percent to 28 percent. Trump has previously considered having Paulson serve as his Secretary of the Treasury if elected president.
“The difference between the Trump administration and Harris is very, very different,” Paulson explained. “Trump is — wants to extend the current, very successful tax policy, which was implemented in 2017. The Biden-Harris group, on the other hand, wants to change that. They want to change the corporate tax rate from 21 to 28 percent, they want to raise the capital gains rate from 20 percent initially to 39 percent now, they flip-flopped back to 28 percent.”
When asked by Claman what the “next big bet” similar to Paulson’s big bet on subprime mortgages would be, Paulson explained that it would depend on “who is in the White House,” adding that he would be concerned if Harris wins the presidential election and “pursues” her proposed “tax plans and other economic plans.”
Billionaire stock market visionary reveals SHOCK financial move he'll make if Kamala wins the election
A billionaire stock market visionary has revealed the shocking financial move he would make if Vice President Kamala Harris were to win the presidential election.
John Paulson, known for his lucrative bet against subprime mortgages in 2007, said on Tuesday that he would pull all his assets out of the stock market if the Democrat nominee wins.
'I think if Harris were elected, I would pull my money from the market,' he said on Fox Business' The Claman Countdown.
'I'd go into cash and I'd go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.'
The founder of Paulson & Co. whose estimated net worth is $3.8 billion went on to describe how he thinks Harris' tax policies would scare investors, resulting in a 'pretty quick recession.'