Wow. Carl Icahn is putting $150 million toward creating his Super-PAC which will target political policy aimed to stop U.S. corporate business inversions, and promote repatriation of money held offshore.
Icahn is a very good friend of Candidate Donald Trump and one of the few pro-U.S. billionaires who believe in American exceptionalism.
Icahn and Trump are part of a rare club of business leaders who, while being part of the billionaire investor class, are more Pro-Main Street than Wall Street.
(VIA REUTERS) Billionaire investor activist Carl Icahn tweeted on Wednesday that he is forming a Super PAC with an initial commitment of $150 million, representing the biggest one-time injection of money in the history of such political action committees.
Icahn, who supports presidential candidate Donald Trump, said he is targeting “inversions,” which occur when a company changes its domicile, often outside the United States, to take advantage of lower tax rates elsewhere. (more…)