Bill Ackman Blasts Ro Khanna For Defending Billionaire Tax: 'Lost His Way' - SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-12-29 16:27

The CEO of hedge fund Pershing Square Capital Management, billionaire Bill Ackman, publicly rescinded his support for Rep. Ro Khanna (D-Calif.) over the weekend, accusing the congressman of “losing his way” for defending a controversial new California wealth tax proposal.Accusation Of Flip-FlopIn a post on X, Ackman highlighted what he sees as a policy contradiction by the congressman. He shared a 2024 CNBC clip in which Khanna argued against a “blanket tax on unrealized gains,” explaining why he believed i ...