Delaney: Trump is Even Less Qualified to Talk About Capitalism Than Bernie

Tuesday, May 7, 2019

CONTACT: Carrie Healey, 301-500-8642,

FRIENDSHIP HEIGHTS, MD – Today, The New York Times reported on the state of Trump’s businesses finding that Trump’s businesses lost an estimated $1.17 billion between 1985 to 1994 and avoided paying taxes as a result.  

“Trump is even less qualified to talk about capitalism than Bernie,” said John Delaney.

“Trump’s economic policies are bankrupting farmers in the Midwest – just like he bankrupted his businesses – and his lack of fiscal discipline will balloon the federal deficit and increase our massive national debt. As a former entrepreneur and CEO who was actually successful, it’s tough to watch the President masquerade as a mogul. What we really need is someone who understands the economy and what we need to do to grow the middle class. My plan is to embrace free trade, strengthen our safety net, double the Earned Income Tax Credit and dramatically invest in industries of the future, like Negative Emissions Technology.”

John Delaney grew up in a blue-collar union household in northern New Jersey and his parents did not attend college. Delaney is a former entrepreneur and founded and led two-publicly traded companies.

Delaney’s businesses were focused on providing capital to small and medium-sized companies, helping thousands of businesses grow. Delaney is a past winner of Ernst & Young’s Entrepreneur of the Year Award and his business received the Bank Enterprise Award from the Obama Administration for investing in economically distressed communities.

In Congress, John was known for his work crafting innovative bipartisan legislation to rebuild America’s infrastructure. In 2017, Fortune Magazine named Delaney one of the World’s Greatest Leaders for his efforts.