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CNBC: Millionaires More Likely to Vote for Biden Over Trump

CNBC: Millionaires More Likely to Vote for Biden Over Trump
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By    |   Wednesday, 12 June 2019 04:10 PM

American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee, CNBC’s Millionaire survey found.

Biden and Pete Buttigieg are the only Democratic nominees who beat Trump among the top Democratic candidates in a head-to-head race, CNBC reported.

“Fully 53% of millionaire respondents said they would vote for Biden, compared with 39% for Trump, while 9% would be undecided. In a race between Trump and Buttigieg, the mayor of South Bend, Indiana, wins 43% to Trump’s 42%,” CNBC explained.

“Against Sen. Bernie Sanders, Trump wins 46% to 40%. Trump beats Sen. Kamala Harris among millionaires 45% to 42%, while he beats Sen. Elizabeth Warren 47% to 40%,” CNBC explained.

George Walper, president of Spectrem Group, which conducts the survey, said millionaire voters may be underreporting their support for Trump. “People’s underlying opinions may not be expressed here,” he said. “When it comes down to who they actually vote for, that gap may narrow.”

To be sure, a strong economy gives President Donald Trump a large "tailwind" in the 2020 presidential race, a variable three statistical modelers favor to project his re-election, according to Steven Rattner, a counselor to the Treasury secretary in the Obama administration.

"The economy invariably ranks among the top issues on the minds of voters in presidential elections," Rattner, a Wall Street executive, wrote in a recent opinion piece for The New York Times. "At the moment, it appears to offer President Trump a meaningful tailwind," he wrote.

"But how big is that tailwind? Fortunately, economists have worked hard to develop models for predicting election outcomes, and according to one of the best of these, it should be quite large."

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American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee, CNBC’s Millionaire survey found.
cnbc, millionaires, vote, biden, trump
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2019-10-12
Wednesday, 12 June 2019 04:10 PM
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