she one of the week. thank you very much, and that is tonight's reidout . all in with chris hayes starts now. tonight on all in. >> there's nothing like doing things with other people's money. >> trump raking in the cash. >> i love other people's money. >> as rich donors line up to back the convict candidate. tonight, bernie sanders on the billionaires funding donald trump and how trump lands to pay them back. >> on day one of my new administration we will throw out bidenomics and replace it very quickly with maganomics . >> on how it can get so much worse. plus, the ridiculous hearing on the documents case. and amid heat and flooding, there is good news for the climate. all in starts right now. good evening from new york, i'm chris hayes. two months ago, president joe biden's re-election campaign had a huge cash advantage over donald trump. a $100 million advantage in just april. then trump was convicted of 34 felonies in a new york court, and republicans opened their pockets. the result is now, for the first time, trump's principal campaign committee has more cash than mr. biden's. according to the fac records reviewed by the new york times. now, some of that came from online donations in the immediate wake of trump's guilty verdict. a lot more has come from incredibly rich people. chief among them, timothy mellon, a reclusive billionaire heir to the mellon banking fortune, who has given lavishly to right-wing causes for decades. the day after trump's conviction, mellon gave $50 million, not to the trump campaign committee, but to the pro trump super pack, make america great again. an enormous gift, that is among the largest single disclosed contributions ever. $50 million. mellon was already the single largest contributor to super pacs supporting both mr. trump and robert f kennedy junior, which is interesting if you think about rfk junior and what role he is playing in this. previously gave them each $25 million. and mellon is not alone. as the new yorker puts it, political media has been awash with stories about wall street bigwigs and tech barons throwing their support behind donald trump, who some of them disowned following the capital insurrection. in fact, what we are seeing over the past month, some of the most insidious wealthy interests coalescing behind donald trump. and they are not being irrational. it makes some sense, on the most basic level. here's the thing. trump is desperate to win so he can stay out of prison. and he is just auctioning off his policy for his future presidency, quid pro quo, in the most obviously corrupt fashion that i have ever seen for a politician in my life covering politics. in the examples are everywhere. do you remember this? >> we are looking at tiktok. we may be banning tiktok. we may be doing some other things. there are a couple of options, but a lot of things are happening. we will see what happens. we are looking at a lot of alternatives with respect to tiktok . >> that was trump as president, four years ago, advancing the idea of banning the chinese own social media company tiktok . it is a because of ministration really wanted to do. he called tiktok a national security threat. then, earlier this year, he changed his mind. >> i could have banded tiktok . i could've gotten it done. but i said you know what? i will leave it up to you. i didn't push them too hard, because it's a tough decision to make. frankly, there are a lot of people on tiktok that love it. >> he came out against banning tiktok. and what happened to cause trump to do such dramatic 180? just days before that interview trump met with a billionaire investigator and mega donor, who has an enormous stake in tiktok's parent company, and who would stand to lose amount of money if tiktok got banned. so trump literally flipped his position on tiktok overnight. within weeks it was reported that, guess what, he had become the top spender in the 2024 elections. though he may have given up that spot to one timothy mellon . this exact same scenario where trump has a position and then flips it and get huge amounts of money from monied interest is playing out right now with cryptocurrency. once upon a time, trump wanted crypto highly regulated. >> bitcoin, it just seems like a scam. i don't like it because it is another currency competing against the dollar. essentially it is a currency competing against the dollar. i want the dollar to be the currency of the world. >> earlier this month trump held a fundraiser with big tech elites in sin for cisco and he pitched himself as the crypto president. he slammed democrats for trying to regulate cryptocurrency. that flip flop paid dividends to trump yesterday as the wind lost twins, the facebook billionaires who happen to be in the right time right place when facebook started. they now run a crypto company called gemini, and they endorsed trump and donated $2 million and that going to his campaign. and let's not forget the oil executives. back in april in mar-a-lago, trump met with top industry executives and said you could give my campaign $1 billion. basically, i am the last thing that could kill the green energy transition and keep us addicted to fossil fuels. just weeks later, three of those big oil and documents organizing a fundraiser for trump in houston. as part of his corporate pandering tour this week, trump went on a podcast hosted mostly by right-wing tech venture dudes including two who have held trump fundraisers. in trump my in appearance, emigration came up. now whatever the rich guys want he is right on it. >> please promise us you will give us more ability to import the best and brightest around the world to america. >> i do promise, but i happen to agree. that's why i promise. what i want to do and will do, is you graduate from college, i think you should get automatically as part of your diploma, a green card. >> you want to do that? did you do that in your first term? he was president, right? he had an actual record, and no. in fact, he made it way harder for legal immigrants in all categories to come here when he was president. that is his record. but he is just telling the rich people around him within earshot, anywhere, what they want to hear in the moment. because he wants the money. it is like a caricature of the most crass, corrupt politician you can imagine. the when you think of, the most cynical vision of how politics works. if you are a billionaire right now and you have and ask for donald trump, you are getting a yes. and that is just the influence that he is specifically pedaling at the moment. it does not include the tax cuts for the wealthy that are expected had by the end of the year. those tax breaks, let's remember, are worth literally trillions of dollars for corporations and the richest americans. president joe biden has already said he will not renew them. it is a campaign promise of his. donald trump, on the other hand, absolutely will and will go for more tax cuts. it is the one campaign promise that he has kept from the beginning. >> this is what our new future will look like. i am going to lower your taxes, very substantially. i am going to get rid of massive amounts of unnecessary regulation. all of these regulations, on your business and in your life. >> there is also the fact that trump is now proposing an enormous tax hike on working families. you heard me correctly. that is his plan to replace the income tax with a tariff on all items imported into the u.s. the new trump tax would cost most middle-class american families an extra $5000 a year, according to economist brenda duke, all while cutting taxes for the richest bolts by $1 million a year. now, all of this comes as a stark contrast to the record of president joe biden, who has, among other things, appointed the most prolabor national relation board members i have ever seen, encouraged workers unionizing, walked on the picket line, stood with them. has an antitrust record. the federal trade commission and the department of justice has been the most aggressive in literal decades if not generations. going after some of the biggest, most powerful corporations on earth for anticompetitive practices. and, you know what? corporate america doesn't like it. as an advocate for new york business leaders told politico this month, they are listening to republicans who say the threat to capitalism from democrats is more concerning than the threat to democracy from trump. the biden administration has gone all in on economics. on worker welfare, on corporate responsibility. the billionaire and corporate class hate it, as we have seen in recent weeks. they are doing what they can to make a corrupt bargain with donald trump in hopes of even greater riches. i am joined now by senator bernie sanders, chair of the senate committee on health, labor, and pensions. good to have you here. >> good to be here. >> i have heard this from wealthy folks. the antitrust, the tax stuff, the antitrust stuff, the worker stuff, they really don't like it. and people don't, i think, quite realize how aggressive this administration is been on all of those fronts. >> biden is the first president to ever walk on the picket line during this strike. that is a very significant act. the ftc has been more aggressive in taking on corporate monopolies than we have ever seen. >> probably in 50 or 60 years. >> i think that's right. both parties have been absolutely negligent in breaking up monopolies. biden once progressive tax reform at a time of massive income and wealth inequality, when the effective tax rate of billionaires is lower than that of nurses and truck drivers. he wants, correctly, that the billionaire class start paying its fair share of taxes. and you're right, at a time when we have so much greed out there, when the religion of the billionaire class is greed, they would rather give up democracy than take a hit. >> that quote really struck me. the quote that we think democrats are more of a risk the to capitalism then trump is to democracy. >> it really is incredible. it should be shocking, really, but knowing the history of the country over many years. these guys are so greedy, so wedded to their wealth and their power that they will do anything, anything to keep that position. but the issue, and i am glad you are focusing on it, because it is certainly not just trump. trump is an outrageous example of selling out for money. >> yeah, he is a vessel for them. >> he is, but let's be clear. we are the only major country on earth to not guarantee health care to all. why? do you ever look at the amount of money the insurance and drug companies put into candidates? unbelievably at a time when everybody with a brain in their head understands that climate change is a threat to the planet, guess what? this guy, trump, wants to deregulate the fossil fuel industry even more and destroy the planet. why? these guys are spending huge amounts of money. >> you also have the situation, which, this is been the case. money and politics in the u.s. has worked in all kinds of ways. but just reading that quote about mellon writing the $50 million check and the super pacs, the amount that you can give, it really is a new thing. >> it is, you're right. it has always been there. i just came from an event with jamaal bowman up in the bronx, and that is a perfect example of this. bowman is a strong progressive member of congress who has spoken out on the horrific situation in gaza, et cetera et cetera. and they are saying to him, and this, by the way, what the bowman situation is, they are making a statement, all of congress. you have the guts to take on foreign-policy. you want to take on the corporate interests that are so powerful, i'll tell you what's going to happen. you are going to lose. and that message goes all of her congress. you step up for working-class people? your days are numbered. this is oligarchy, and it is an issue that we have to focus on and deal with. >> that primary, which we noted, the most expensive in american history already. there has been about $15 million spent by super pack. also, the crypto people have also got it, which has not gotten as much attention. the crypto interests, and you saw what happened, what donald trump says. it is just as black-and-white as you can get. i like crypto now, give me money. and the crypto people come out and they say here is some money, thank you for protecting crypto. >> absolutely, it is disgraceful. so what we have to do? first of all, it goes without saying that we have got to deal with citizens united. we have to get rid of that. and second of all, we have to do what many other countries around the world who have public funding of elections. if you want to run against me, that's fine. but you'll have the right to have 50 times more money coming from rich people in order to defeat me. we should be debating ideas. >> i saw a stat today, and i think this is correct, that, obviously in the uk they are about to have an election. the amount of money spent on that election so far is less than the new york 16 primary. for the nation! across all parties excellent we just do things in a totally different way. >> and it's getting worse. your point is, and i want everybody to hear this. billionaires are doing phenomenally well. they have so much money that they are sitting there like hey, let's start a super pack. let's put $100 million. let's beat that guy. let's support that guy. because we need more tax breaks. we are only worth 50 billion, how are we going to get by? this is an issue. to anyone out there, we are not going to be able to do what we want to do, deal with climate change, guarantee health care to all people, have a tax system which is fair, make sure that our kids do not have the highest rate of childhood poverty of almost any country on earth. we are not going to be able to do any of that in less we take on a corrupt campaign-finance system, which is what you are talking about. >> one of the things that are striking to me, too, and i don't know if you agree with me on this. but i also think it is shortsighted on the part of the business class. >> i don't agree with you. >> you don't agree with me. i think that they are underestimating the risk of a trumpet ministration and what it would do. you think they are going to be all right? >> i think that greed is so incredibly ugly and pervasive. these guys want it. they want more and more. i think they could care less about what is happening to the elderly, the children, the working class of this country. and i believe that they will do anything that they can to enrich themselves, and trump is clearly their guy. >> senator bernie sanders, it is a pleasure to have you here in person. you're going to be outside in the heat tomorrow, so drink a lot of water. thank you very much. coming up, the supreme court actually did the right thing today, which is news. why those days might be numbered. that is next. some days, you can feel like a spectator in your own life with chronic migraine, 15 or more headache days a month each lasting 4 hours or more. botox® prevents headaches in adults with chronic migraine before they start. and treatment is 4 times a year. in a survey, 91% of users wish they'd started sooner. so why wait? 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[sniff] still fresh. ♪♪ get 6x longer-lasting freshness, plus odor protection. try for under $5! san francisco's been through tough times. london breed led us through the pandemic, declaring an emergency before anyone else, saving thousands of lives. from growing up in the western addition housing projects to becoming mayor, london has never given up on the city that raised her. london is getting people off the streets and into care. london never gave up on me. i found a home, and my life is on the right track. london made it super easy for me to open my small business, by cutting city fees. and she's reinventing downtown to make our city vibrant again. she's building 82,000 new homes and helping first time homebuyers, just like us. and london's hiring hundreds of police officers, and arresting drug dealers. san francisco has been through difficult times, but our hard work is paying off. working together, we're building a better future for the city we all love. ad paid for by re-elect mayor london breed 2024. financial disclosures are available at sfethics.org. the united states court of appeals for the fifth circuit is arguably the most lawless court in our land. multiple times this term alone, the far right supreme court has been forced to reverse the circuit rulings that push the envelope too far. today was such an occasion by a vote of 8-1, the supreme court once again rebuked the fifth circuit and upheld a federal law prohibiting folks under domestic violence restraining orders from owning guns, which the lower court had ruled unconstitutional. last week a unanimous decision, scotus projected a challenge to the abortion pill which the fifth circuit had rubberstamped. on the one hand, some folks might find it reassuring that this supreme court does not always do the most extreme thing possible. and it is, to a certain extent. but something to consider is that things can always get worse. if donald trump wins a second term, and will have likely opportunity to appoint a few more justices, we could see the highest court in the land become even more extreme than the fifth circuit is now. former president and director of counsel of the naacp legal defense fund, and the founding director of howard university's new center for lawn democracy. she joins me now. just start me on the court decision today in this gun case, which, again, was welcome news. your reaction? >> well, of course it is welcome. it was an 8-1 decision, justice clarence thomas was in the dissent. and in some ways, that is kind of a window into your conversation about the fifth circuit. in many ways, when the court has to push back the fifth circuit, they are having to punish a child that they spoiled . the circuit has been taking cues from, yeah, they have been taking cues from the supreme court and when these cases come up to the supreme court, then the supreme court has to explain to the fifth circuit you have gone too far. you may remember, chris, that it was a case involving the gun rights of domestic abusers that caused clarence thomas in 2016 to break his then decade-long period of silence during oral arguments. in a case called, that suddenly i was in the courthouse that day and we suddenly heard his voice. he has been solicitous of this issue of whether or not guns can be kept from domestic abusers since then. so there are judges on the fifth circuit who are taking cues from clarence thomas. and so, today there was this 8- 1 decision which was very important, it was also important because in some ways the chickens are beginning to come home to roost. and this supreme court is having to untangle the gordian knots that it created in some of its jurisprudence, like the bruin case which has left lower courts believing that it, the second amendment is essentially a free-for-all and a little su