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Bill Ackman is donating $1 million to a PAC backing Biden challenger Rep. Dean Phillips.
Ackman said, “On Tuesday, I am wiring $1 million to wedeserve.org, a political action committee that supports Dean’s run. This is by far the largest investment I have ever made in someone running for office, and I am making this investment at a high-risk, but critically important moment for his campaign.”
The Hill reported:
Billionaire investor Bill Ackman said he plans to donate $1 million to a political action committee backing Rep. Dean Phillips (Minn.) — the Democrat who launched a long-shot primary challenge to President Biden last year.
In a lengthy post on X, the platform formerly known as Twitter, Ackman said Phillips would be “a truly outstanding President of the United States,” adding that he believes he has a “credible path” to the nomination. He said he will donate $1 million to the We Deserve Better PAC this week.
“On Tuesday, I am wiring $1 million to wedeserve.org, a political action committee that supports Dean’s run. This is by far the largest investment I have ever made in someone running for office, and I am making this investment at a high-risk, but critically important moment for his campaign,” Ackman wrote on X.
Phillips is trailing far behind Biden in the poll as he pushes forward with his campaign for the nomination. According to RealClearPolitics’s polling average of the Democratic primary, Biden is polling at nearly 70 percent support, followed by author Marianne Williamson at nearly 8 percent and Phillips at about 3 percent.
In a recent interview, he discussed where he differed from Biden.
Q: You have highlighted the age difference between yourself and Biden. What are the other areas where you differ?
A: “His relative inactivity on the southern border, I think, is tragic for the Democratic Party and for the country. The first order of business for a president is to provide security and there’s just no perspective whatsoever that anybody can make that is manifest at the southern border.”
“I’ve been there twice. It’s a disaster. There’s no question. It has to be hardened. And we have to create buffer zones on each side. And we have to reform our asylum law and we have to work together to do it.”