Here is today’s top election 2016 news:
- The media attacked GOP presidential front-runner Donald Trump this week for saying thousands of New Jersey Muslims celebrated the collapse of the World Trade Center. Many news sites said there was no proof of Trump’s claims. Trump insisted there was. He posted a link on Twitter to an old Washington Post article from 2001, which alleged that some New Jersey citizens saw people “tailgating” and cheering while the twin towers collapsed. Trump repeated his claim at a campaign rally in Columbus, Ohio, where he also said he would support waterboarding. The celebrity real-estate developer continues to attract thousands of people to his rallies. His most recent rally in Columbus drew over 12,000 people.
- The super PAC supporting GOP presidential candidate John Kasich, called New Day for America, released its first attack ad on Donald Trump Tuesday. The ad criticized Trump for his controversial statements and eccentric mannerisms. Dozens of anonymous donors are backing the attack campaign, according to Reuters. The group plans to spend $2.5 million on anti-Trump ads in New Hampshire, Reuters reported. Donald Trump had tweeted that same day criticizing the GOP for allegedly treating him unfairly.
- A former chairman of the New Hampshire Republican Party, Fergus Cullen, wanted Donald Trump off his state’s GOP presidential primary ballot. Cullen said Trump has “inconsistent views” with the Republican Party and that he plans to sabotage it, according to CBS News. Cullen’s attempts were denied, however, after New Hampshire election officials verified Trump was a registered Republican.
- GOP presidential candidate Ben Carson took back comments he made on Monday, when he claimed he saw Muslims cheering in New Jersey during 9/11, according to CBS News.
- GOP presidential candidate Ted Cruz is almost neck-and-neck with Trump in a new Iowa poll by Quinnipiac University. Carson slipped in the poll.
- Democrat presidential candidate Hillary Clinton revealed a new tax policy idea this week: a tax credit worth up to $1,200 for people caring for their aging parents and grandparents. Only people whose out-of-pocket expenses reach $6,000 would be eligible.
- Both Clinton and Trump strongly opposed the Allergan Plc. (NYSE: AGN) and Pfizer Inc. (NYSE: PFE) merger, saying that it creates a so-called “corporate inversion,” which takes away from the tax base. A corporate inversion is when a company moves its headquarters to another country with a lower corporate tax rate. The relocation allows the company to better shield its earnings and avoid the U.S. corporate tax, which is one of the highest in the developed world.
- GOP presidential candidate Chris Christie said he was doubtful Russia would make a good ally in the fight against ISIS, The Wall Street Journal reported.
Stay tuned to Money Morning for more on the 2016 presidential election. You can follow us on Twitter @moneymorning or like us on Facebook.
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