Vance to attend billionaire-hosted fundraisers amid price-of-living crisis

Vice President JD Vance’s scheduled attendance at three $100,000-per-couple fundraisers has raised eyebrows and ire as Americans struggle to make ends meet due to the Trump administration economic policies and experts warn that the US-Israeli war on Iran could cause tens of millions of people in the Global South to suffer acute hunger.

Vance—who is widely expected to run for president in 2028—is in Texas this week for Republican National Committee fundraisers in Austin on Monday and Dallas on Tuesday. The vice president is also scheduled to attend another similar fundraising event in Nashville, Tennessee on March 30.

According to the Houston Chronicle, Joe Lonsdale, the billionaire founder of the controversial data analytics company Palantir, is hosting the Austin event. Billionaire investor and real estate developer Ray Washburne will co-host the Dallas fundraiser along with Chris Buskirk, founder of the venture capital firm where Donald Trump Jr. works. Buskirk openly advocates for an American “aristocracy” that “takes care of the country and governs it well so that everyone prospers.”

Also set to co-host the Dallas event is David Hininger, the former CEO of CoreCivic, a leading private prison firm in an industry that has gloated about the “unprecedented” profit potential of Trump’s mass arrest and deportation campaign against undocumented immigrants.

Donors were reportedly asked to pay $250,000 to host one of the fundraisers.

“While Vance dines with billionaire donors, Americans are struggling to get by in the Trump-Vance economy as prices on everything from gas to groceries soar and working families dip into their savings to make ends meet,” the Democratic National Committee said in a statement Monday.

“Trump and Vance’s war with Iran has already claimed the lives of 13 US service members and injured over 230, while driving up global oil prices and gas prices for Americans back home,” the DNC added, without mentioning the thousands of Iranians killed or wounded by the illegal war of choice. “According to [the American Automobile Association], the average price for a gallon of gas is $3.96 nationwide, up from $2.94 just one month ago.”

Trump campaigned on promises of no new wars and lower consumer prices, including gas, on “day one.” Since returning to office, he has ordered the bombing of seven countries. Gas prices are up around 30% since Trump returned to the White House in January 2020.

“Prices on everything from gas to groceries to rent are soaring because of the Trump-Vance agenda, and what is JD Vance up to? He’s rubbing elbows with billionaires and special interests while working families struggle to make ends meet,” DNC Chair Ken Martin said Monday. “Everyday Americans are stretching every dollar just to get by, and Vance is worried about lining his own pockets.”

Texas House Democratic Campaign Committee Chair Rep. Christina Morales (D-145) told the Houston Chronicle Monday that “JD Vance has a lot of nerve showing up in Texas to shake down wealthy donors for a quarter of a million dollars a head while Texans are paying through the nose at the pump and can’t get through the airport his party broke.”

The war on Iran and its cascading global economic impacts could also fuel a sharp rise in acute hunger around the world, the United Nations World Food Program warned last week. WFP said the closure of the Strait of Hormuz is driving higher energy and fertilizer prices, which in turn can result in more expensive food.

“If this conflict continues, it will send shockwaves across the globe, and families who already cannot afford their next meal will be hit the hardest,” Carl Skau, WFP’s deputy executive director and chief operating officer, said. “Without an adequately funded humanitarian response, it could spell catastrophe for millions already on the edge.”