Billionaire Icahn Endorses Donald Trump as 'Business' Candidate
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Billionaire activist investor Carl Icahn attends the Leveraged Finance Fights Melanoma charity event in New York on May 19, 2015.
Photographer: Victor J. Blue/BloombergRepublican presidential candidate Donald Trump mentioned investor Carl Icahn as a potential Treasury Secretary, should he win. Now, Icahn is endorsing his fellow billionaire as the only campaigner speaking out on crucial business and economic concerns.
In a video posted on his new website Tuesday, Icahn criticized “the dysfunction that is going on both in Washington and the boardrooms of corporate America” and lambasted the U.S. Congress for failing to reform taxes or immigration. He backed Trump’s calls to strike tax deals to encourage corporations to bring back overseas profits and stay based in the U.S.; to end the carried interest tax discount for hedge fund and private-equity managers; and said the Federal Reserve is overdue in beginning to raise interest rates.