Citadel CEO Ken Griffin speaks at the 2025 Forbes Iconoclast summit.
Jamel Toppin/Forbes
Billionaire Ken Griffin, founder of $ 63 billion (in assets), the Acropolis Acropolis Fund and Maker Maker Citadel Securities, hit the handling of the Republican Economics and the New Republican Tax and the Expenditure bill in the 20s. A prominent democratic political donor who voted for President Donald Trump in the last election, Griffin criticized the GOP signature bill – called “a bill” a bill ” – above concerns about how it would increase its federal debate and its budget. Congress estimates that the bill will add $ 2.4 trillion to nation deficits over the next decade.)
“The bill will undoubtedly add several trillions of dollars,” Griffin said. “The challenge with the legislation is that there are not enough difficult decisions … about how to put our tax residence.”
Mammoth Bill, supported by President Trump, has close the House of Representatives last month and is now working in the Senate, which is expected to make at least some changes. Earlier this week, billionaire Elon Musk, who just finished 130 days with the direction of Trump’s government efficiency (Doge), hit the bill in a series of social media positions, pointing out the “abomination” and demanding that he be killed.
Griffin, who Tower Estimates have a net value of $ 44.5 billion, reflecting concerns about government spending. ‘You cannot perform 6 or 7% deficits [of GDP] full -time after years of development. This is just tax irresponsible, “he said.” There will be a time when we have to have our tax residence. ”
The billionaire reciprocal risk capital called on legislators to consider what elements of the bill would be really good for America. “For example: The ongoing reduction in tax rates for small and medium -sized businesses, I am not sure what we will do with it,” Griffin said, with obvious reference to a draft law that extends and makes it permanent to broadcasting the 199A Department for Income, of owners’ tax. He added that the creation of additional tax cuts for consumers to compensate the highest prices from invoices or inflation is also a bad policy. The bill creates new reductions for the elderly, income and overtime revenue and interest on car loans.
Citadel’s chief executive hit Trump for recently criticizing Walmart Doug McMillon, who warned last month that he should raise prices in response to higher import costs. “We must not criticize the CEO to be honest, so? And this is the CEO of Walmart to do,” Griffin said. “Shame on administration.”
Griffin condemned Trump’s pricing policies to “really get their tax on our economy” and “call[ing] In doubt, the American excellent. “His business has reduced estimates of US economic growth by about half of Trump.
He also criticized the administration’s efforts to bring back home to the domestic market. “Why do we seek to be the Nation at the lowest cost and the lowest paid workforce in the world?” Obviously we want to take steps to encourage construction, but it’s a thing to do nikes, it’s another to make F-35 fighters-we miss the goal here. “
Despite the challenges, Griffin remained promising. “It is powerful to watch US executives of companies navigating these crosses,” he said. “No one resigns or throws the towel – it’s a statement about the durability of our nation.”
