Tag: dollar
Trump Tax Cuts

GOP Fears 'Slow And Messy' Dispute Over Trillion-Dollar Trump Tax Cuts

As Republicans prepare to take over the trifecta of US government, the often divided party is up against a chaotic fight over "whether they should take up tax first this year or immigration," according to a Sunday Politico report.

The "big debate over trillions of dollars in tax cuts," Politico notes is "going to be long, slow and messy."

Brian Faler, the news outlet's senior tax reporter, emphasizes, "There’s a chicken-and-egg quality to the debate though, because it’s hard to know how much they need to raise when they haven’t decided how much to spend. And lawmakers will be subject to furious lobbying by those worried they’re on the menu."

Faler reports, "Deficit concerns are running hot in the House, where many Republicans say a tax bill ought to be completely paid for," but, "That’s anathema to party heavyweights like House Ways and Means Chair Jason Smith (R-Mo.) and Senate Finance Chair Mike Crapo (R-Idaho), not least because it would be extremely difficult to find enough offsets to cover the projected $4 trillion cost."

Faler also notes:

Smith has already signaled he’s ready to deal on the $10,000 cap on state and local tax deductions, amid pressure from colleagues representing high-tax states. Sen. Josh Hawley (R-Mo.) recently proposed a big, pricey increase in the child credit, to a maximum $5,000, from the current $2,000, per kid. Rep. Darin LaHood (R-Ill.), meanwhile, just rolled out a plan seconding Trump’s bid to cut income taxes on Americans living abroad.

There will only be more as the debate heats up, and a key challenge for party leaders will be figuring out how to contain what could be mushrooming demands from their colleagues that would wreck their budget numbers.

Furthermore, the Politico reporter adds, "They’ll have to raise the debt limit too, after a last-minute bid by Trump to increase it before he comes into office, was rejected. And Republicans are promising to also cut mandatory spending by $2.5 trillion. If any of those things get bogged down, that could push off the tax debate even further."

Reprinted with permission from Alternet.

Senate May Investigate Trump's Solicitation Of Billion-Dollar Oil Bribe

Senate May Investigate Trump's Solicitation Of Billion-Dollar Oil Bribe

Former President Donald Trump recently made a controversial proposal to a gathering of oil executives and lobbyists at his Mar-a-Lago residence in Florida: Favorable policy in exchange for $1 billion in campaign cash. Now, it looks as if the U.S. Senate may launch an official inquiry into the ex-president.

That's according to The New Republic's Greg Sargent, who spoke to Sen. Sheldon Whitehouse (D-RI) about Trump's recent entreaty to the oil industry. Whitehouse said it was "highly likely" that the Senate Budget Committee would investigate the former president over his brazen offer.

"The phrase that instantly came to mind as I was reading the story was ‘quid pro quo,’" Whitehouse said, adding that he was also concerned about a series of proposed executive orders oil lobbyists drafted for Trump and to have ready to sign on day one should he win a second term in November. "Put those things together and it starts to look mighty damn corrupt."

Many of the environmental policies Trump suggested he would do away with in a second term are in the Inflation Reduction Act, which was the $485 billion bill Biden signed into law in 2022 that included a swath of clean energy infrastructure initiatives and incentives for electric vehicle development. Economists projected the clean energy development grants could generate roughly $1.5 trillion in new economic activity, and could reduce carbon dioxide emissions by five billion tons before the next decade.

Conversely, some of the executive orders the oil industry has prepared for Trump would undo the progress on climate Biden has made since taking office. Politico reported that some of the orders would lift Biden's pause on new natural gas export permits, open up new protected federal lands for more oil drilling and allow for more offshore oil drilling leases.

Trump casting Biden as an opponent of Big Oil is somewhat confusing, given that the United States officially hit record-high domestic oil production levels earlier this year. The U.S. Energy Information Administration found that in 2023, the U.S. produced 13 million barrels of oil per day on average, making the United States the world's largest oil producer.

Reprinted with permission from Alternet.

Donald Trump

'Deeply Troubling': Ex-Staffer Says Trump Campaign Hid More Payoffs To Women

An aide to former President Donald Trump's 2016 campaign is now alleging that millions of dollars in campaign donations were paid out to an untold number of women, and that a law firm helped cover it up.

The Daily Beast reported on a recent court filing by A.J. Delgado, a senior advisor to Trump's first campaign for the presidency who also worked on his presidential transition team. In the filing, Delgado accused the campaign of sex discrimination, saying that she was sidelined after it became known she was pregnant. The Beast reported that the father of Delgado's child is Trump advisor Jason Miller, whom Delgado says sexually assaulted her (Miller has denied the allegation).

However, one portion of the filing raised the antennae of a nonpartisan anti-corruption watchdog group. Citizens for Responsibility and Ethics in Washington (CREW) has filed a complaint with the Federal Election Commission (FEC) in response to Delgado's claims that the campaign used a law firm to act as a "middleman" to funnel payments to women "who raised complaints of gender discrimination, pregnancy discrimination, and sexual harassment." Those payments were notably marked as legal expenses, though Delgado's filing claimed that was a ruse (this is very similar to the scheme Trump is accused of in his Manhattan trial).

"The allegations made in AJ Delgado’s declaration paint a deeply troubling picture of potentially illegal activity carried out by Donald Trump’s campaign," CREW president Noah Bookbinder said. "The FEC must conduct an investigation to determine the validity of these claims and establish the degree to which any wrongdoing occurred."

According to Delgado, Trump's campaign made several large payments to the Kasowitz Benson Torres law firm following the 2020 election totaling more than $4 million, that she says were explicitly done to circumvent federal campaign finance law. Millions of dollars were also paid to the firm's compliance firm, Red Curve Solutions, which the Beast reported does not conduct any legal services.

Delgado claimed in her declaration that during settlement negotiations in 2017 that ultimately fell apart, Trump campaign attorney Marc Kasowitz said that "Trump and the Campaign would need to keep this confidential," and stressed that Trump was "known for ‘not settling.'"

"My attorneys expressed this would not be possible because disbursements by a Campaign are public record," Delgado recalled. She said Kasowitz then "dismissed the concerns easily," saying her concerns about campaign finance disclosure laws was "not a problem at all." He allegedly then told her "what we would do is the campaign pays me and then I cut a check to you guys."

A spokesperson for the firm dismissed Delgado's concerns, telling the Beast that "Ms. Delgado’s accusations that there were FEC violations or that the firm acted as a ‘middleman’ to ‘hid[e] settlement payments to women’ from the Campaign are pure fantasy and false."

According to FEC records, Trump's Make America Great Again PAC and his primary campaign organization, Donald J. Trump for President, Inc., paid the firm roughly $4.5 million between 2016 and 2021. The Beast reported that Trump using PACs and law firms as pass-through entities for payouts is a common practice. An FEC record from February of this year, for example, shows a payment to attorney Alina Habba in the amount of $392,638.69 for "legal consulting," which was the exact dollar amount the ex-president was required to pay the New York Times for defamation.

The 45th president of the United States is in the midst of a criminal trial, in which he faces 34 felony counts of falsifying business records relating to hush money payments to women claiming to have had extramarital affairs with him. In a manner similar to what Delgado described, Trump is accused of disguising reimbursements to his former attorney Michael Cohen — who will testify against him next week — by classifying them as legal fees. Cohen is expected to say on the witness stand that there was no such legal retainer and that the payments were reimbursement for him personally covering the hush money payments.

Reprinted with permission from Alternet.

Right-Wing Site Rumble Profits From Pushing Anti-Semitism

Right-Wing Site Rumble Profits From Pushing Anti-Semitism

Rumble — the right-wing video-streaming site that markets itself as a “free speech” YouTube competitor — is profiting from advertisements on content from far-right figures and groups who have histories of spreading antisemitism and conspiracy theories about Jewish people.

Rumble has teamed up with the Republican National Committee to exclusively stream GOP presidential primary debates.

Additionally, Rumble has previously allowed white nationalists to profit from its platform and has profited itself from pre-roll advertisements on videos from QAnon conspiracy theorists, white nationalists, and other extremists.

Based on a Media Matters review, pre-roll ads are running before videos from at least 16 Rumble accounts of far-right figures and groups who have spread antisemitism. Some of the figures associated with these Rumble accounts have promoted white nationalist, neo-Nazi, and extremist ideologies.

Rumble has its own ad platform, which allows advertisers to place pre-roll videos and display ads on the video-streaming platform and boasts Truth Social as a publisher, but a majority of ads on Rumble reportedly come from Google’s ad network. This means that Google is monetizing and driving new users and traffic to Rumble — ultimately assisting the website to make money as a cesspool of extremist conspiracy theories and a safe haven for users banned from mainstream social media sites.

Here is a breakdown of far-right figures and groups who have made antisemitic comments and have advertisements running on their Rumble accounts. (We have not determined whether these ads were purchased through Rumble’s ad platform, Google’s ad network, or another way.)

Keith Woods

Verified Rumble user Keith Woods is an Irish white nationalist and self-proclaimed “raging anti-semite” who helped to spread a campaign to ban the Anti-Defamation League on X (formerly Twitter)


Elijah Schaffer

Neo-Nazi-linked far-right media personality Elijah Schaffer has made numerous antisemitic comments, complained that you can’t question the Holocaust or interview neo-Nazis, and has pushed the white nationalist “great replacement” conspiracy theory. Schaffer’s show is currently verified on Rumble.

Schaffer has been banned from Facebook and Instagram.

Sneako

Verified Rumble user and misogynistic streamer Sneako (real name Nico Kenn De Balinthazy) regularly spews antisemitic comments online.

Sneako has defended Hitler and attacked Jewish people online, saying that “the Nazis had drip” and that the swastika is “aesthetically pleasing.”

Sneako has been previously banned from YouTube and TikTok. He was previously banned from X, but is now active on the platform after being reinstated by owner Elon Musk.

Rumble CEO Chris Pavlovski recently congratulated Sneako on his growth on the platform.

Fresh & Fit

The hosts of misogynistic Fresh & Fit podcast, Why Women Deserve Lessauthor Myron Gaines (real name Amrou Fudl) and dating and lifestyle coach Walter Weekes, have made numerous antisemitic comments, including during Rumble streams. The podcast recently hosted Holocaust denier and white nationalist Nick Fuentes, who appeared multiple times and made numerous antisemitic comments.

Gaines has defended Hitler and bragged, “We’re the biggest platform that’s talking about the JQ. No one else will do it.” (The “JQ” refers to the “Jewish Question,” an antisemitic framework meant to question the human rights of Jewish people. It was part of the pretext for the Holocaust.)

Gaines also dressed up as a stereotypical caricature of a Jewish person during one of his livestreams with Fuentes.

Fresh & Fit is verified on Rumble. The podcast, which has been removed from Reddit and TikTok, was previously demonetized and removed from the YouTube partner program.

Ryan Dawson

Ryan Dawson is a 9/11 truther and Holocaust denier who has pushed the conspiracy theory that Israel was involved in the 9/11 terrorist attack. Dawson has also blamed “Hasidics” for the COVID-19 pandemic.

Dawson claims he has been banned from a litany of platforms and services, including Instagram, Facebook, YouTube, PayPal, and Twitch, among others.

Three Spoons

Rumble account Three Spoons reposts content from Fuentes and white nationalists Jared Taylor and E. Michael Jones. Both Fuentes and Jones are notorious antisemites.

Vincent James Foxx

White nationalist Vincent James Foxx has defended Nazi book burning, complained that “the Holocaust is weaponized,” and has pushed various conspiracy theories about Jewish people.

Foxx has been banned from YouTube, DLive, and Twitter.

Hotep Jesus

Hotep Jesus (real name Bryan Sharpe) is an antisemite and Holocaust denier who defended Ye’s antisemitic rants and has attacked Jewish people online for years. He is currently a verified user on Rumble.

Sharpe has been banned from YouTube.

Stefan Molyneux

Stefan Molyneux is a far-right commentator and white nationalist who has pushed antisemitism, including suggesting that Jeffrey Epstein’s abuse of teens was linked to his Jewish background.

Molyneux was banned from X for hate speech, but was reinstated by Musk. He has also been banned from PayPal, YouTube, and MailChimp.

Patrick Howley

Antisemite and white nationalist Patrick Howley has made many disparaging comments about Jewish people and has promoted a neo-Nazi group online.

Howley was previously banned from X, but was reinstated by Musk.

Young Pharaoh

QAnon and Pizzagate conspiracy theorist Young Pharaoh (real name Marshall Daniels) has said Judaism is a “complete lie,” has described Jewish people as “thieving fake Jews,” and has pushed various antisemitic conspiracy theories.

Daniels was banned from X in 2021.

Stew Peters

White nationalist Stew Peters, who streams his show on Rumble, blamed the June sinking of the Titan submersible on Jewish people and has pushed many antisemitic tropes. Peters’ media network account is verified on Rumble.

Spotify and iHeartRadio have both removed Peters’ show from their platforms.

Lauren Witzke

Far-right media personality Lauren Witzke is part of Peters’ media network. Witzke has pushed antisemitism, suggested that the Rothschild family had advanced knowledge of 9/11, and is a former host of the antisemitic TruNews outlet.

Witzke was previously banned from X for posting racist content. She is now active on the platform.

Steven Crowder

Verified Rumble streamer Steven Crowder, who has an exclusive streaming deal with Rumble, has made antisemitic remarks and defended rapper Ye (formerly Kanye West) following his pro-Nazi rants.

American Renaissance

White nationalist extremist group American Renaissance features various antisemites at its conferences.

YouTube banned American Renaissance for violating its hate speech policies. The group was also banned on X.

American Free Press

American Free Press is a website that was created by white nationalist, neo-Nazi, and Holocaust denier Willis Carto in 2001.

According to the Southern Poverty Law Center, Carto, who died in 2015, was “infamous for his pro-Nazi and rabidly anti-Jewish views” and for founding the Liberty Lobby, “which billed itself as a conservative, anti-Communist group but became known for its advocacy of both white supremacy and anti-Semitism.”

American Free Press has a history of pushing antisemitic conspiracy theories about Jewish people, a “New World Order,” and Israel.

Reprinted with permission from Media Matters.

Shop our Store

Headlines

Editor's Blog

Corona Virus

Trending

World