Fewer American millionaires are willing to support US President Donald Trump almost two years into his first term in the White House, a new poll found. RNA- The poll, conducted by CNBC as part of its twice-a-year Millionaire Survey of people with $1 million or more in investable assets, showed that only 34 percent of millionaires were willing to support Trump’s re-election bid in 2020.
It marks a sharp decrease from the 45 percent who stated last year they had voted for Trump in the 2016 presidential election.
Trump’s numbers among Republican millionaires were modest at best, as only 62 percent of Republican millionaires said they were going to back him against his rivals in 2020.
It is while 54 percent of Democratic millionaire voters announced that pushing Trump out of the White House was their first priority. The number dropped to 28 percent among independents and 6 percent among Republicans.
According to Fars News Agancy, Trump’s presidency also encouraged Democratic millionaires to make more contributions with 36 percent of them saying they donated to political causes over the past two years compared to Republicans’ 20 percent.
According to the survey, 18 percent of Republican millionaires named taxes and government spending as their most important determining factor for them when voting for president in 2020. The next most important issues were immigration reform (17 percent) and the economy (16 percent.)
It is not yet clear who will Trump run against on either sides of the aisle in the upcoming elections.
However, 38 percent of Democratic respondents said they believed former Vice President Joe Biden will win their party’s nomination.
It is interesting specially since Trump's opponents argue that his tax cuts and other policies were designed to benefit billionaires like himself in the long run.
Crumbling stocks in what analysts have described as the worst Christmas for stock markets is one of the prime reasons for the waning interest in Trump's presidency among the wealthy.
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