Interactive Brokers founder Thomas Peterffy, a Donald Trump supporter, on Monday blasted The New York Times for what he considers coverage that slants toward Hillary Clinton in the 2016 presidential election.



"I wouldn't give 2 cents for what The New York Times says about this election. Obviously they are very biased and in the Democrats' pockets," the billionaire investment mogul told CNBC's "Squawk Alley."

The Interactive Brokers chairman and CEO, who emigrated from Hungary to the U.S. in 1965, was reacting to a question about an analysis last week in The New York Times that predicted a possible 10 to 12 percent drop in stocks if Trump were to win the presidency.

"I'm not connected to the Trump campaign in any way, shape or form. I am doing this on my own. This is how I feel. I'm not being given anything to say," Peterffy explained.

Addressing the paper's report that Trump took a $916 million tax loss in 1995 and may have paid no income tax for nearly two decades, Peterffy said: "I don't think there is anything unusual about a business losing money in certain years."

"Everybody should pay taxes," he said. "I do not think there is any allegation [Trump] did something illegal."

Peterffy said businesses have good years and bad years. "If in good years we had to pay the tax and … we couldn't offset the bad years, we would possibly pay more taxes than our net income over several years."

"Obviously if you could not carry those losses forward, then few of us would be in business," he argued.

