The recent fundraising event for Republican presidential primary candidate Nikki Haley, hosted by prominent Wall Street billionaires, is raising serious concerns among staunch conservatives and Trump supporters. Scheduled for January 30 in New York City, the event is backed by billionaires like Cliff Asness, Stanley Druckenmiller, Henry Kravis, and Ken Langone, with ticket prices ranging from $3,300 to $33,200. Economist Glenn Hubbard, a board member at BlackRock, is also a cohost.
The support from these financial giants is particularly alarming due to Haley’s inclination towards an immigration policy that echoes former President George W. Bush’s “Any Willing Worker” stance. This policy essentially allows companies to determine legal immigration levels based on their desire to hire foreign workers, potentially at the expense of American workers. The United States already admits over a million legal immigrants and an additional million on temporary work visas annually, primarily for blue-collar jobs. This influx has driven the nation’s foreign-born population to a staggering 49.5 million.
National Immigration Center for Enforcement (NICE) President RJ Hauman has expressed strong disapproval of Haley’s immigration policies, labeling them as leaning left and detrimental to true immigration enforcement. Hauman’s critique highlights the concern that a vote for Haley would mean a return to the Bush-era approach, favoring amnesty and cheap foreign labor over American interests, essentially an “America Last” approach to immigration.
The billionaires supporting Haley have a clear financial stake in this policy, as Wall Street continuously lobbies to inflate the labor market, suppress wages, and ensure a workforce without bargaining power. For instance, Asness, in 2017, urged then-President Donald Trump to abandon his constitutional travel ban in favor of more business-friendly immigration policies. Similarly, Druckenmiller’s involvement with FWD.us, a group lobbying for increased immigration and amnesty for illegal aliens, underscores this vested interest.
In contrast, Trump has received NICE’s endorsement, with Hauman commending Trump’s commitment to Immigration and Customs Enforcement (ICE) and his determination to enforce U.S. laws. This endorsement from NICE reflects Trump’s image as a leader who prioritizes national security and the interests of American workers over those of foreign labor and globalist agendas.
This situation starkly illustrates the ongoing battle within the Republican Party, where figures like Nikki Haley, backed by Wall Street billionaires, represent a more corporate-friendly approach, while Trump stands as the champion of a more nationalist, America-first policy, particularly regarding immigration and labor.