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Billionaire to Bush: Give Inaugural Funds to Tsunami Victims

HeadlineJan 10, 2005

Dallas billionaire Mark Cuban has called on President Bush to cancel the lavish inauguration parties planned for later this month and instead donate the money saved–some $40 million–to victims of the Asian tsunami. The owner of the Dallas Mavericks basketball team won’t say how much he has given to the disaster victims, but his Dec. 31 proposal on his Web site has generated controversy–and support–on the Internet. The Presidential Inaugural Committee is raising $30 million to $40 million from private donors and says it doesn’t plan to cancel any of the nine inaugural balls or the three so-called “candle light dinners” that donors of $250,000 and $100,000 get with the president and first lady. Mark Cuban says he voted for President Bush. Asked if it was fair to deny Bush supporters a celebration, he replied QUOTE “Since when is the level of celebration defined by the amount spent?”

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