- Republican billionaire Ken Langone said he would hold a fundraiser for Joe Manchin after conservative Democrats opposed elements of Joe Biden’s agenda.
- “I’m going to have him be one of the biggest fundraisers ever. He’s special. He’s precious. He’s a great American,” Langone told CNBC.
- Manchin has opposed parts of Biden’s $1.8 trillion social and climate spending plan, including clean energy provisions, and pushed back against raising corporate taxes above 25%.
Republican billionaire Ken Langone says he plans to host a fundraiser for Sen. Joe Manchin after the conservative West Virginia Democrat blocked key elements of President Joe Biden’s agenda.
Langone, in an interview with CNBC’s Squawk Box, praised Manchin for his “gut and courage” and explained that he was ready to raise money for him to run for re-election with Manchin in 2024.
“I don’t see leadership anywhere in this country. Thank God for Joe Manchin,” Langone said.
“I’m going to have him be one of the biggest fundraisers ever. He’s special. He’s precious. He’s a great American.” According to the non-partisan Center for Responsive Politics, Langone has never contributed to any of Munchkin’s campaigns.
Munchkin’s office did not return a request for comment on Langone’s statements.
munchkin, who has earned millions from coal industryThe U.S. has opposed some plans for Biden’s $1.8 trillion social spending plan, including clean energy provisions. He raised corporate taxes above 25% and a . have also opposed as proposed Taxes that would target billionaires.
Langone is the latest billionaire executive to come out in support of Munchkin. Nelson Peltz, who founded investment firm Tryon Partners, told CNBC in October that he speaks to Munchkin every week and offers support for how he’s handling his work on Capitol Hill.
Both Langone and Peltz supported former President Donald Trump. Langone told CNBC in 2016 that he would support Trump’s initial candidacy for the White House, but that he was done with political fundraising. He later supported Trump’s economic policies, including tariffs on Chinese goods, with Langone targeting the former president after the deadly Capitol Hill riots on January 6.
Beyond Langone and Peltz, Manchin has already seen a wave of campaign contributions from Corporate America as he fights his party.
In the third quarter, ManChain’s political operations received corporate contributions from JPMorgan Chase, Duke Energy, Southern Nuclear Operating Company, UBS Americas and PG&E. Munchkin’s reelection committee raised more than $1.5 million in the third quarter.