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Economic News Reports

Financial Advice: Top 5 Tax Questions

Taxation is a general concept for devices used by governments to extract money or other valuable things from people and organizations by the use of law. A tax formula contains at least three elements: the definition of the base, the rate structure, and the identification of the legal taxpayer. The base multiplied by the appropriate rate gives a product, called the tax liability, which is the legal obligation that the taxpayer must meet at specified dates.


Financial Advice: Top 5 Tax Questions

I know that this may sound technical, but it is important to understand what tax is in order to avoid tax debt pitfalls.

The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning.

Some tax questions come up every season, such as the details behind the earned income tax credit or which education credits to claim. Other issues come up so infrequently that they raise even more questions when people run into them, like whether a foreclosed home is counted as income because the debt was canceled.

These are the top tax questions tax pros say they get from filers, and their answers.

1. Does cancellation of debt count as income?

Should you owe money to somebody, whether in the form of credit card debt, a loan on your home or student loans, and the debt is canceled, such as having your house foreclosed, the amount written off is counted as income to you says Lindsey Buchholz, principal tax research analyst for H&R Block which says this is one of the top tax debt questions it's getting from customers this year. But you report the debt as income in the year it was actually canceled.

If you are insolvent at the time of the settlement, meaning you have more liabilities than assets, then you should not have to pay any taxes on the forgiven debt.

The publication you want to review is IRS publication 4681. You need to read about the exemption for insolvency.

You need to calculate your net worth and if it’s negative, you won’t owe any money on your forgiven credit card or other debts. Always speak with a tax professional to confirm for your unique situation.

2. What constitutes earned income for the earned income tax credit?

Buchholz says people often don't know what counts as "earned income" and that people also often move in and out of eligibility for the earned income tax credit, which is why this tax question comes up year after year as a source of confusion for tax filers.

The earned income tax credit provides money back to low-income individuals and families whose incomes fall below certain thresholds.

Earned income is wages, tips, salaries, self-employment earnings and some long-term disability benefits. Investment income does not count as earned income, and if you otherwise qualify for the earned income tax credit, but have investment income above $3,350, you're no longer eligible, Buchholz says.

Interest, dividends, retirement income, Social Security, unemployment benefits, alimony and child support do not count as income toward the EITC.

Childless adults can use earned income credit.

Some stories incorrectly referred to the significance of investment income on the Earned Income Tax Credit. Investment income does not count as earned income and if someone is eligible for the credit, but has investment income above $3,350, they no longer qualify for the Earned Income Tax Credit.

3. Who counts as a dependent?

This is a common tax question, particularly from unmarried couples wondering if they can claim a boyfriend or girlfriend as a dependent, says Lisa Greene-Lewis, Certified Public Accountant, who monitors the questions on TurboTax, she claims that people are often surprised to learn that in some circumstances, they can.

"There are some qualifications," she says. "If you're not a relative, the person you're trying to claim has to live with you the entire year. you have to provide over half of their support, and they can't make over $3,950."

Grandparents can also claim grandchildren as dependents if they've provided more than half of the kids' support, but the kids don't necessarily have to live with a grandparent to be able to be claimed.

4. If I freelance, how often do I have to do my taxes?

This is one frequent tax question among freelancers, they often don't realize that they have to submit their taxes four times a year, says Sara Horowitz, founder and executive director of Freelancers Union and author of an e-book called The Freelancers Union Guide to Taxes.

"The federal government wants you to pay taxes on your money as you earn it," Horowitz says. "They don't want you to hold on to it interest-free until the end of the year." Freelancers have to submit estimated taxes on Jan. 15, April 15, June 15 and Sept. 15 each year.

5. As an independent contractor, what can I deduct?

"Every year around this time, I get calls related to tax questions about whether various things can be deducted, like meals, travel, marketing," says Scott Bishop, director of financial planning at STA Wealth Management in Houston. When it comes to being self-employed, the more documentation and notes you have about your business expenses, the better, Bishop says.

Typically most tax questions are related to deductions, in general you can deduct any expenses directly related to doing business, whether it's the Wi-Fi in your home office or camera equipment you have to buy if you're a wedding photographer. You can't deduct expenses that would be considered optional for the job or are also for personal use, such as clothes for an event or a spouse's airfare if they come along on a business trip.

"Deduct what you think you can deduct, but document it very very well," Bishop says. "If you go for a business meal you want to write on that receipt who you saw and what you talked about."

Your Rights as a Taxpayer

When thinking about taxes many things come to mind but one thing you should remember is the IRS Taxpayer Bill of Rights

After researching the tax questions that people ask for the most I found out that most people do not even know that they have rights as a taxpayer, Whether or not you agree with the arguments above, the IRS gives you certain rights regarding your taxes.

The IRS provides the following ten rights so they can work with you, not against you:

    The Right to be Informed

    The Right to Quality Service

    The Right to Pay No More than the Correct Amount of Tax

    The Right to Challenge the IRS's Position and Be Heard

    The Right to Appeal an IRS Decision in an Independent Forum

    The Right to Finality

    The Right to Privacy

    The Right to Confidentially

    The Right to Retain Representation

    The Right to a Fair and Just Tax System

For more information about your taxpayer rights, review IRS Publication 1, Your Rights as a Taxpayer.

Bottom Line

At the end of the day, taxes are like a foreign language to anyone. It is only natural to have questions. Knowing your rights as a taxpayer is important and it may benefit you longer down the road. Should you have trouble with your taxes and have one of the above frequently asked questions, consider consulting with a tax debt professional.



YouTube Business News Playlists

IMF Video: Press Briefing: World Economic Outlook Update | July 2024

Press Briefing: World Economic Outlook Update | July 2024
Play Video: Press Briefing: World Economic Outlook Update | July 2024


Is the global economy in a sticky spot? Join Chief Economist Pierre-Olivier Gourinchas, Petya Koeva Brooks, and Jean-Marc Natal for our latest projections and analysis of the global economy on Tuesday, July 16 at 9:00 AM ET. Don't miss it! Join Chief Economist Pierre-Olivier Gourinchas, Petya Koeva Brooks, and Jean-Marc Natal for our latest projections and analysis of the global economy on Tuesday, July 16 at 9:00 AM ET. Don't miss it! https://www.imf.org/en/Publications/WEO/Issues/2024/07/16/world-economic-outlook-update-july-2024?cid=sm-com-ig-WEOET2024004

Published: 13th Jul 2024 12:10:39   By: IMF

IMF Video: 80 Years of the IMF: A Helping Hand in Good Times and Bad

80 Years of the IMF: A Helping Hand in Good Times and Bad
Play Video: 80 Years of the IMF: A Helping Hand in Good Times and Bad


The International Monetary Fund has been at the forefront of global economic cooperation for 80 years. From our founding at Bretton Woods to today's complex challenges, we have adapted our tools and expertise to support our 190 member countries. Our mission remains the same: bringing prosperity to the world through financial cooperation, sustainable growth, and inclusive economic policies. In a fast-changing world, the IMF is there to help economies grow so that everyone can prosper.

Published: 2nd Jul 2024 07:31:39   By: IMF

IMF Video: Press Conference: Update on the U.S. Economy, June 2024

Press Conference: Update on the U.S. Economy, June 2024
Play Video: Press Conference: Update on the U.S. Economy, June 2024


Press conference on the staff conclusion of the 2024 IMF Article IV consultation with the United States. June 27 at 3:00 PM ET.

Published: 28th Jun 2024 07:47:47   By: IMF

IMF Video: What is Globalization?

What is Globalization?
Play Video: What is Globalization?


Our latest Back to Basics video explains what globalization is and how it has impacted the world.

Published: 17th Jun 2024 04:51:22   By: IMF

IMF Video: Regional Economic Outlook for Europe | May 2024

Regional Economic Outlook for Europe | May 2024
Play Video: Regional Economic Outlook for Europe | May 2024


Europe needs to overcome structural headwinds to growth. Director of the IMF European Department, Alfred Kammer, highlights the policies to support faster economic growth through a stronger EU Single Market. Check out his latest video to learn more: https://www.imf.org/en/Publications/REO/EU/Issues/2024/04/05/regional-economic-outlook-europe-april-2024

Published: 21st May 2024 03:04:25   By: IMF

World Economic Forum Video: AMNC24 - Finding Growth amid Complex Risks

AMNC24 - Finding Growth amid Complex Risks
Play Video: AMNC24 - Finding Growth amid Complex Risks


Amid signs of potential economic optimism, a complex array of risks threatens to derail progress. From tackling climate emergencies, to rising geopolitical tensions and the accelerating infodemic, how can global collaboration and innovation protect and propel economic growth? This is the full audio from a session at the Annual Meeting of the New Champions (AMNC24) on June 26, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-new-champions-2024/sessions/finding-growth-amid-complex-risks/ Speakers: Peng Sen, President, China Society of Economic Reform (CSER) Michael Wang, Anchor, Global Business and BizTalk, China Global Television Network (CGTN) Busi Mabuza, Chairperson, Industrial Development Corporation of South Africa Andre Hoffmann, Chairman, Massellaz Mohamad Al-Ississ, Minister of Finance, Ministry of Finance of Jordan Links: Annual Meeting of the New Champions - Next Frontiers for Growth, 25–27 June, 2024, Dalian, China: wef.ch/amnc24 (https://www.weforum.org/events/annual-meeting-of-the-new-champions-2024/) Centre for the New Economy and Society: https://centres.weforum.org/centre-for-new-economy-and-society/home Podcasts: Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 15th Jul 2024 09:58:53   By: World Economic Forum

World Economic Forum Video: 4 Ways to Combat Superbugs & How AI Is Supercharging Science | WEF | Top Stories of the Week

4 Ways to Combat Superbugs & How AI Is Supercharging Science | WEF | Top Stories of the Week
Play Video: 4 Ways to Combat Superbugs & How AI Is Supercharging Science | WEF | Top Stories of the Week


This week's top stories of the week include: 0:15 New tech transforms ocean study – Standard underwater sensors rely on batteries that can quickly run out. Fadel Adib and his fellow MIT researchers set out to find an alternative. They created a wireless underwater camera that doesn’t need batteries. It can help scientists create much more detailed climate models and understand the impacts of climate change on the ocean better. 3:33 4 ways to combat superbugs – Antimicrobial resistance (AMR) is one of the biggest threats to global public health. AMR is effectively another way of describing ‘superbugs’ which are pathogens that, over time, have developed a resistance to treatment. Superbugs are a factor in almost 5 million deaths every year. Experts say there are 4 ways to fight back against this growing threat. 6:18 Project maps world's ecosystems – The lack of knowledge means scientists and decision-makers can’t see the condition of these ecosystems or how they are changing. A new project called the Global Ecosystems Atlas aims to plug the gaps in our knowledge. Its creators want it to be the ‘Google Maps of ecosystems’. 8:49 How AI is supercharging science – Artificial intelligence is already helping scientists break new ground. From identifying the first new antibiotic candidates in 60 years to finding new materials that can power the energy transition. Three scientists discuss its power to supercharge discoveries. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 13th Jul 2024 12:00:20   By: World Economic Forum

World Economic Forum Video: No laughing matter: Can comedy help us tackle climate change?

No laughing matter: Can comedy help us tackle climate change?
Play Video: No laughing matter: Can comedy help us tackle climate change?


Climate change is an extremely serious issue, but can comedy help us cope with - and communicate about - it? We hear from the University of Colorado, Boulder where students can take a course in ‘climate comedy’ that ends in them performing on stage in a comedy club. And we unpack the power of cartoons from the World Economic Forum’s climate ‘cartoonathon’. Thumbnail image: Wade Kimbrough (with the help of A.I.) The caption reads: "Changing paths? That's not in this quarter's budget." Guests: Beth Osnes (https://www.bethosnes.com/) , Professor, Director of Graduate Studies in Theatre & Performance Studies, University of Colorado, Boulder: Max Boykoff (https://www.colorado.edu/envs/maxwell-boykoff) , Professor, Department of Environmental Studies (https://www.colorado.edu/envs/) , University of Colorado, Boulder Gill Einhorn (https://www.weforum.org/agenda/authors/gill-einhorn/) , Head, Innovation and Transformation, Centre for Nature and Climate, World Economic Forum John Letzing (https://www.weforum.org/agenda/authors/john-letzing/) , Digital Editor, Strategic Intelligence, World Economic Forum Links: Inside the Greenhouse: https (https://insidethegreenhouse.org/) ://insidethegreenhouse.org/ (https://insidethegreenhouse.org/) 2024 Inside the Greenhouse Climate Comedy Special: https://www.youtube.com/watch?v=QshK_XuGUMg Earth Decides: https://www.earthdecides.org/community Cartoonathon: https://www.weforum.org/agenda/2023/11/humour-and-generative-ai-can-help-us-discuss-the-climate-crisis/ Podcasts: Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : YouTube: (https://www.youtube.com/@wef/podcasts) - https://www.youtube.com/@wef/podcasts Radio Davos (https://www.weforum.org/podcasts/radio-davos) - subscribe (https://pod.link/1504682164) : https://pod.link/1504682164 Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) - subscribe (https://pod.link/1534915560) : https://pod.link/1534915560 Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) - subscribe (https://pod.link/1574956552) : https://pod.link/1574956552 Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

Published: 11th Jul 2024 09:31:07   By: World Economic Forum

World Economic Forum Video: AMNC24 - Driving Growth in the Intelligent Age

AMNC24 - Driving Growth in the Intelligent Age
Play Video: AMNC24 - Driving Growth in the Intelligent Age


As interest in technologies such as artificial intelligence, quantum computing and biotechnology pivot from early investment to practical application, public and private organizations are seeking out their real impact on productivity, organization and growth. How can the nascent innovations of today forge a new path forward? This is the full audio from a session at the Annual Meeting of the New Champions (AMNC24) on June 27, 2024. Watch it here: https://www.weforum.org/events/annual-meeting-of-the-new-champions-2024/sessions/driving-growth-in-the-intelligent-age/ Speakers: Zhu Min, Vice-Chairman, China Center for International Economic Exchanges (CCIEE) Uljan Sharka, Chief Executive Officer, iGenius Sir Robin Niblett, Distinguished Fellow, Chatham House Nancy Xu, Chief Executive Officer, Moonhub Mirek Dušek, Managing Director, World Economic Forum Melissa C. Lott, Professor, Climate School, Columbia University Links: Annual Meeting of the New Champions - Next Frontiers for Growth, 25–27 June, 2024, Dalian, China: wef.ch/amnc24 (https://www.weforum.org/events/annual-meeting-of-the-new-champions-2024/) Podcasts: Check out all our podcasts on wef.ch/podcasts: YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub

Published: 8th Jul 2024 07:48:34   By: World Economic Forum

World Economic Forum Video: Eco-Cleaner Made From Sugar & Creating Zero-Emission Aluminum | WEF | Top Stories of the Week

Eco-Cleaner Made From Sugar & Creating Zero-Emission Aluminum | WEF | Top Stories of the Week
Play Video: Eco-Cleaner Made From Sugar & Creating Zero-Emission Aluminum | WEF | Top Stories of the Week


This week's top stories of the week include: 0:15 Eco-cleaner made from sugar – It uses chemicals called rhamnolipids which are converted from sugar by fermentation using natural organisms. Rhamnolipids are good at scrubbing away dirt and bacteria while being mild on your skin and the environment. They’re also 100% biodegradable so they don’t pollute water sources or leach into the ground. 1:41 Creating zero-emission aluminum – Traditionally, smelting extracts aluminium from aluminium oxide, known as ‘alumina’. This happens when an electric current is passed over alumina in a smelter in a process called electrolysis. The current forces alumina to react with carbon to create primary aluminium but the process also produces CO2. Now, aluminium company Hydro is developing a zero-emission process, called HalZero. 3:28 This is the world's largest plane – The WindRunner will have 12 times the volume of a Boeing 747, be as wide as a New York City block and will run on sustainable aviation fuel. Its purpose is to carry huge wind turbine blades which are too large to transport by road. 5:20 These 5 climate facts need more attention – Climate change is hitting the world’s most vulnerable hardest. At the Annual Meeting of the New Champions, experts discussed combining policy with technology to drive climate action. With the right approach, the energy transition can create jobs and prosperity, presenting enormous potential for emerging economies. _____________________________________________ The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. World Economic Forum Website ► http://www.weforum.org/ Facebook ► https://www.facebook.com/worldeconomicforum/ YouTube ► https://www.youtube.com/wef Instagram ► https://www.instagram.com/worldeconomicforum/  Twitter ► https://twitter.com/wef LinkedIn ► https://www.linkedin.com/company/world-economic-forum TikTok ► https://www.tiktok.com/@worldeconomicforum Flipboard ► https://flipboard.com/@WEF #WorldEconomicForum

Published: 6th Jul 2024 12:00:11   By: World Economic Forum

Economic Video: Salesforce shares sink on mixed Q1 results

Salesforce shares sink on mixed Q1 results
Play Video: Salesforce shares sink on mixed Q1 results


Nicole Webb, Wealth Enhancement Group SVP, and Charlie Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk the day's market action and Salesforce earnings.

Published: 29th May 2024 09:02:44   By: CNBC Television

Economic Video: American Airlines sued for alleged racial discrimination

American Airlines sued for alleged racial discrimination
Play Video: American Airlines sued for alleged racial discrimination


A group of Black men who were removed from their seats on a crowded American Airlines flight from Phoenix to JFK airport is suing the airline company for racial discrimination.

Published: 29th May 2024 10:17:03   By: PIX11 News

Economic Video: McDonald’s President speaks out on inflation and pricing

McDonald’s President speaks out on inflation and pricing
Play Video: McDonald’s President speaks out on inflation and pricing


CNBC’s Kate Rogers on McDonald’s U.S. President Joe Erlinger’s open letter regarding inflation and the burger chain’s price increases over the years.

Published: 29th May 2024 08:42:51   By: CNBC Television

Economic Video: Chart of the Day: American Airlines

Chart of the Day: American Airlines
Play Video: Chart of the Day: American Airlines


American Airlines has had its worst day since June of 2020. It's our Chart of the Day. The Investment Committee discusses airlines.

Published: 29th May 2024 05:38:08   By: CNBC Television

Economic Video: Anglo rejects BHP's attempt to continue takeover talks | REUTERS

Anglo rejects BHP
Play Video: Anglo rejects BHP's attempt to continue takeover talks | REUTERS


BHP Group's five-week pursuit of its small rival Anglo American is likely over after the Australian mining company's request for more time to discuss a takeover was rejected. #News #Reuters #Newsfeed #angloamerican #bhp Read the story here: https://reut.rs/3KnvbCc 👉 Subscribe: http://smarturl.it/reuterssubscribe Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Published: 29th May 2024 04:50:38   By: Reuters

Business Video: Nearly all AT&T cell customers’ call and text records exposed in a massive breach

Nearly all AT&T cell customers’ call and text records exposed in a massive breach
Play Video: Nearly all AT&T cell customers’ call and text records exposed in a massive breach


The call and text message records of tens of millions of AT&T cellphone customers and many non-AT&T customers in mid-to-late 2022 were exposed in a massive data breach, the telecom company revealed. CNN’s Matt Egan reports. #CNN #News Want to stay up to date on the day’s top stories? Sign up for CNN’s 5 Things newsletter, and we’ll give you the 5 biggest stories you need to know, videos people are watching, and more! Sign up here: https://www.cnn.com/newsletters/5-things?source=nl-acq_social_youtubedesc&utm_source=nl-acq_social_youtubedesc

Published: 12th Jul 2024 06:00:29   By: CNN

Business Video: ‘So creepy’: Inside CNN’s investigation of Airbnb’s hidden camera problem

‘So creepy’: Inside CNN’s investigation of Airbnb’s hidden camera problem
Play Video: ‘So creepy’: Inside CNN’s investigation of Airbnb’s hidden camera problem


For these renters, hidden cameras at their Airbnbs have spiraled into nightmares. CNN’s Kyung Lah investigates how the company keeps its hidden camera problem quiet. #cnn #news

Published: 10th Jul 2024 01:00:31   By: CNN

Business Video: Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines

Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
Play Video: Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines


A former Boeing quality-control manager alleges that for years workers at its 787 Dreamliner factory in Everett, Washington, routinely took parts that were deemed unsuitable to fly out of an internal scrap yard and put them back on factory assembly lines. In his first network TV interview, Merle Meyers, a 30-year veteran of Boeing, described to CNN what he says was an elaborate off-the-books practice that Boeing managers at the Everett factory used to meet production deadlines, including taking damaged and improper parts from the company’s scrapyard, storehouses and loading docks. #CNN #news Want to stay up to date on the day’s top stories? Sign up for CNN’s 5 Things newsletter, and we’ll give you the 5 biggest stories you need to know, videos people are watching, and more! Sign up here: https://www.cnn.com/newsletters/5-things?source=nl-acq_social_youtubedesc&utm_source=nl-acq_social_youtubedesc

Published: 4th Jul 2024 12:29:27   By: CNN

Business Video: Trump Media shares are in free fall

Trump Media shares are in free fall
Play Video: Trump Media shares are in free fall


Truth Social owner Trump Media & Technology Group has gone ice-cold. The conservative social media company has lost nearly half its market value since May 30. Trump Media’s volatile share price (DJT) tumbled another 14% on Thursday, leaving it down by a staggering 48% in the span of just three weeks. CNN's Matt Egan reports. #CNN #News Want to stay up to date on the day’s top stories? Sign up for CNN’s 5 Things newsletter, and we’ll give you the 5 biggest stories you need to know, videos people are watching, and more! Sign up here: https://www.cnn.com/newsletters/5-things?source=nl-acq_social_youtubedesc&utm_source=nl-acq_social_youtubedesc

Published: 21st Jun 2024 06:46:43   By: CNN

Business Video: Billionaire says he's worried Trump will retaliate against him if he wins

Billionaire says he
Play Video: Billionaire says he's worried Trump will retaliate against him if he wins


LinkedIn co-founder Reid Hoffman is one of only a few billionaire business leaders speaking out against Former President Donald Trump. In an interview with CNN’s Matt Egan, Hoffman explains why he is so loudly advocating against another Trump presidency. #CNN #news Want to stay up to date on the day’s top stories? Sign up for CNN’s 5 Things newsletter, and we’ll give you the 5 biggest stories you need to know, videos people are watching, and more! Sign up here: https://www.cnn.com/newsletters/5-things?source=nl-acq_social_youtubedesc&utm_source=nl-acq_social_youtubedesc

Published: 20th Jun 2024 06:06:32   By: CNN

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