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      Why Some Billionaires Will Back Trump

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      Donald Trump’s campaign is reportedly strapped for cash. Small-dollar donations are running far behind their 2020 pace. Big Trump rallies aren’t yielding his biggest cash hauls. Some large-dollar donors are hesitant, in part because they worry (with good reason) that their money will be used not for the campaign but to pay his legal bills. So he has been wooing right-wing billionaires.I have no idea how successful he’ll be, but it seems highly likely that at least some billionaires will provide substantial sums to a man who tried to overturn the last election and has been open about his authoritarian intentions — using the Justice Department to go after his political opponents, rounding up millions of undocumented immigrants and putting them into detention camps and more.Which raises the question: Why would billionaires support such a person?After all, it’s not as if they’ve been suffering under President Biden. Economists, myself included, often remind people that the stock market is not the economy. Low unemployment and rising real wages — both of which, by the way, the Biden economy has delivered, even if many people don’t believe it — have much more relevance to most people’s lives.But stock prices are probably a much better indicator of how the very wealthy, who hold a lot of financial assets, are doing. And although in 2020 Trump predicted a stock crash if Biden won, the market has, in fact, been hitting record highs under the current administration.Why, then, back a candidate who more or less promises to unleash social and political chaos?One straightforward answer is that the wealthy will almost certainly pay lower taxes — and corporations will be less regulated — if Trump wins than if Biden stays in office.If you believe, like some leftists, that Republicans and Democrats are basically the same — that both serve the interests of corporations and the elite — you’re wrong. The modern Democratic Party isn’t, despite what prominent Republicans say, Marxist or socialist. It does, however, have a track record of raising taxes on the wealthy to pay for social programs. Notably, the Affordable Care Act used new taxes on high-income individuals to pay for health care subsidies.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Spoke Recently With Saudi Leader

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      It is not clear what the former president discussed with Prince Mohammed bin Salman, but news of their call came amid Biden administration negotiations with the Saudis over a Middle East peace plan.Former President Donald J. Trump spoke recently with Saudi Arabia’s de facto ruler, Prince Mohammed bin Salman, their first publicly disclosed conversation since Mr. Trump left office in January 2021, according to two people briefed on the discussion who were not authorized to speak publicly about it.It was unclear what the two men discussed and whether it was their only conversation since Mr. Trump’s departure from the White House. Neither representatives for Mr. Trump nor an official of the Saudi government responded to requests for comment.But news of their discussion comes at a time when the Biden administration is engaged in delicate negotiations with the Saudis aimed at establishing a lasting peace in the Middle East, building on diplomatic ties between Israel and a number of Arab states forged through the work of the Trump administration.If President Biden manages to clinch a trilateral megadeal — which would probably include a Saudi-Israeli peace agreement, an Israeli commitment to a two-state solution, a U.S.-Saudi defense treaty and U.S.-Saudi understandings on a civilian nuclear program in Saudi Arabia — he will need support from two-thirds of senators to ratify the U.S.-Saudi treaty. Mr. Trump, as the presumptive Republican nominee in firm command of his party, could potentially either block any deal or greenlight it for congressional Republicans.Mr. Trump has other reasons to maintain warm relations with Prince Mohammed. The former president and Jared Kushner, his son-in-law and former senior White House adviser, established close ties with the crown prince while in office and have capitalized on that good will in their private businesses since leaving government.Saudi Arabia was the first stop on Mr. Trump’s first foreign trip as president — a sign of the value Mr. Trump placed on the relationship. Mr. Trump pursued major deals with the Saudis, including arms sales, and he defended Prince Mohammed at his moment of greatest international pressure, after the C.I.A. concluded that the crown prince had ordered the killing of the dissident journalist Jamal Khashoggi in 2018.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Biden va detrás de Trump en 7 ‘swing states’, según encuesta

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      Los resultados de la encuesta de The Wall Street Journal en siete de los estados indecisos hacen eco de otros sondeos recientes.El expresidente Donald Trump sigue adelante del presidente Joe Biden en los estados disputados con más probabilidades de decidir la presidencia, según encuestas de The Wall Street Journal en siete estados clave.Trump mantenía una estrecha ventaja en seis de ellos: Arizona, Georgia, Míchigan, Nevada, Carolina del Norte y Pensilvania. Biden lideraba en Wisconsin.Los resultados hacen eco de otras encuestas recientes, incluida una serie de sondeos de The New York Times/Siena College en seis estados disputados (conocidos como swing o battleground en inglés) el pasado mes de octubre. En los últimos cinco meses, Trump ha liderado casi todas las encuestas en Arizona, Georgia, Míchigan, Nevada y Carolina del Norte, estados que le darían más de los 270 votos electorales necesarios para ganar.Sin embargo, aunque los resultados no sean tan diferentes, han frenado las esperanzas demócratas de que Biden ganara terreno en las encuestas tras su enérgico discurso sobre el estado de la Unión y el final de la temporada de primarias.Esas esperanzas no carecían de fundamento. En teoría, muchas de las condiciones para una remontada de Biden deberían estar en su lugar. La confianza del consumidor está aumentando. Una revancha Biden-Trump es ahora una realidad inevitable. La preocupación por la edad del presidente pareció remitir con el estado de la Unión y el inicio de la campaña para las elecciones generales.A pesar de las decenas de millones de dólares en publicidad anticipada de los demócratas y un vigoroso programa de campaña de Biden en los estados clave, las encuestas de The Wall Street Journal seguían revelando que los votantes tenían una impresión profundamente negativa de su rendimiento en el cargo, su resistencia mental y física y su gestión económica. Trump tenía ventaja sobre Biden en casi todos los temas, y normalmente por mucho.El aborto y la democracia fueron las únicas excepciones.Nate Cohn es el analista político jefe del Times. Cubre elecciones, opinión pública, demografía y encuestas. Más de Nate Cohn More

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      Nebraska Republicans Renew Push for ‘Winner Take All’ Electoral System

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      A renewed push by Nebraska Republicans to move to a “winner-take-all” system in presidential elections has raised the prospect that the 2024 contest could end in an electoral college tie — with the House of Representatives deciding the winner.Nebraska and Maine are the only states that divide their electoral votes according to the presidential winners of congressional districts. In 2020, Joseph R. Biden Jr. won the eastern district around Omaha and its one vote. On Tuesday, Gov. Jim Pillen of Nebraska, a Republican, threw his support behind a G.O.P.-led bill languishing in the state’s unicameral legislature that would end the practice.“It would bring Nebraska in line with 48 of our fellow states, better reflect the founders’ intent, and ensure our state speaks with one unified voice in presidential elections,” Mr. Pillen wrote in a statement.The resurrection of the state bill was sparked this week by Charlie Kirk, the chief executive of Turning Point USA, a pro-Trump conservative advocacy group, who pressed the state legislature to move forward on social media.Former President Donald J. Trump quickly endorsed the governor’s “very smart letter” on his social media site.And for good reason. If Mr. Biden were to hold Wisconsin, Michigan and Pennsylvania, but lose Georgia, Arizona, Nevada and the one Nebraska vote he took in 2020, the electoral college would be deadlocked at 269 votes each. The House would then decide the victor, not by total votes but by the votes of each state delegation. That would almost certainly give the election to Mr. Trump.But that Sun-Belt-sweep-plus-one scenario still might be out of reach. Democrats in the legislature expressed confidence on Tuesday that they could filibuster the measure, and the state legislative session is set to end on April 18.Conversely, Maine, where Democrats hold the governor’s office and a majority in the legislature, could change its system to take back the electoral vote that Mr. Trump won in 2020. Mr. Biden won Maine by nine percentage points, but Mr. Trump took a vote in the electoral college by winning the state’s rural second district. More

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      The U.S. Is Rebuilding a Legal Pathway for Refugees. The Election Could Change That.

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      President Biden is restoring resources and staffing for the refugee program, which was gutted during the Trump administration.With national attention focused on the chaos at the southern border, President Biden has been steadily rebuilding a legal pathway for immigration that was gutted during the Trump administration.The United States has allowed more than 40,000 refugees into the country in the first five months of the fiscal year after they passed a rigorous, often yearslong, screening process that includes security and medical vetting and interviews with American officers overseas.The figure represents a significant expansion of the refugee program, which is at the heart of U.S. laws that provide desperate people from around the world with a legal way to find safe haven in the United States.The United States has not granted refugee status to so many people in such a short period of time in more than seven years. The Biden administration is now on target to allow in 125,000 refugees this year, the most in three decades, said Angelo Fernández Hernández, a White House spokesman.By comparison, roughly 64,000 refugees were admitted during the last three years of the Trump administration.“The Biden administration has been talking a big talk about resettling more refugees since Biden took office,” said Julia Gelatt, an associate director at the Migration Policy Institute, a nonpartisan research group in Washington. “Finally we are seeing the payoff in higher numbers.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Biden Administration Presses Congress on $18 Billion Sale of F-15 Jets to Israel

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      The deal, which would be one of the largest U.S. arms sales to Israel in years, awaits congressional approval as criticism of the war in Gaza rises.The Biden administration is pressing Congress to approve a plan to sell $18 billion worth of F-15 fighter jets to Israel, as President Biden resists calls to limit U.S. arms sales to Israel over its military offensive in Gaza.The State Department recently sent an informal notice to two congressional committees to start a legislative review process for the order, a first step toward the department’s giving formal authorization for the transfer of up to 50 of the planes.The F-15 order was reported earlier by Politico and CNN and confirmed by two U.S. officials. The deal, which would be one of the largest U.S. arms sales to Israel in years, would also include munitions, training and other support.Although the United States has expedited some arms for Israel’s current campaign against Hamas, the F-15s would not be delivered for at least five years, the U.S. officials said.With a top speed of nearly 2,000 miles per hour, the F-15 is capable of both air-to-air combat and bombing targets on the ground. While Israel has used the F-15s it already owns to strike Gaza, its request for the planes appears to reflect longer-term concern about regional threats, including from Lebanon-based Hezbollah, Iran-backed militias in Syria, and Iran itself. The Israel Defense Forces would probably employ F-15s in any potential attack on Iran’s nuclear program.Israeli officials have also told their U.S. counterparts that Israel is about to place a new order for F-35 jets, a U.S. official said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Will Address Abortion Issue Next Week, He Says

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      Donald J. Trump, appearing in two crucial swing states on Tuesday, avoided discussing abortion but teased that he would address the issue “next week,” once again demurring on taking a clear position on the issue after two Florida Supreme Court rulings shook up the 2024 campaign in the former president’s home state.The conservative top court in Florida on Monday allowed a strict six-week abortion ban to take effect in May while also allowing a proposed constitutional amendment to be placed on the ballot that would guarantee access to abortion “before viability,” or at about 24 weeks.The rulings present a potential new vulnerability for Mr. Trump in the presidential race. Florida has become steadily more conservative in recent years, placing most statewide elections well out of reach for the Democratic Party. But the two decisions will elevate abortion — an issue that has carried many races for Democrats in recent years — to a position of prominence both on the campaign trail and on the ballot.The former president indicated last month that he was likely to back a 15-week federal ban on abortion, while adding that he thought abortion should be a state issue — and that anti-abortion activists who wanted a ban earlier in pregnancy should understand that “you have to win elections.”Mr. Trump did not otherwise address abortion in his campaign appearances on Tuesday in Grand Rapids, Mich., and Green Bay, Wis. Mr. Trump said that “we’ll make a statement next week on abortion” after being asked by a reporter in Grand Rapids if he supported the six-week ban in Florida. The pro-Trump crowd tried to drown out the question with boos and began chanting “four more years” and “U.S.A.” as Mr. Trump walked away.Representatives of the Trump campaign did not immediately respond to questions about the abortion announcement and where that would fit into Mr. Trump’s campaign schedule. The former president has often promised policy plans — for example on infrastructure or health care — that are either delayed or never delivered.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump to Focus on Border as Democrats Eye Boost From Florida Abortion Ruling

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      Former President Donald J. Trump will campaign on immigration and border policy today with events planned in Michigan and Wisconsin, two crucial battleground states in the Midwest.Mr. Trump and other Republicans are trying to keep voters’ attention on the border as President Biden and Democrats, bolstered by a pair of court rulings out of Florida on Monday, grow more optimistic about their ability to center the campaign on abortion.On Monday afternoon, the Florida Supreme Court overturned decades of precedent in ruling that the State Constitution did not protect abortion rights, allowing a six-week ban to take effect. But it simultaneously ruled that a proposed constitutional amendment to guarantee abortion rights until fetal viability could go on the ballot in November.That means Floridians will be voting directly on abortion after living with a near-total ban for several months — which Democrats hope will increase turnout and give them a fighting chance in a state that has become increasingly favorable to Republicans.Wisconsin is one of several states with presidential primaries on Tuesday, and its voters will also decide on two ballot measures after the state’s Republican-led Legislature proposed changing the State Constitution to restrict private funding and staffing of election offices.Connecticut, Rhode Island, New York are also voting. Mr. Trump and President Biden have already clinched their nominations, though, so the outcomes of today’s primaries are not in doubt. Delaware even canceled primaries it would have otherwise held today.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More