Elon Musk said President Joe Biden's plan to tax the rich won't sit well with "a lot of donors."
Musk said a wealth tax could become a burden to lower-to-middle-income earners.
The billionaire has spoken out against a billionaire tax in the past.
In the 2020 election, billionaire donors spent over $2.3 billion across the two parties.
"It's time they pay the minimum tax," Biden said at the rally, according to a transcript of the event. "
Persons:
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Organizations:
Service, Privacy, Twitter, Democratic Party, Forbes, CNN, Biden, Securities and Exchange Commission
Locations:
Philadelphia