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Bernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires

Mar 2, 2026Center Left

Make billionaires pay their fair share act would apply to those with a net worth of $1bn or moreSign up for the Breaking News US email to get newsletter alerts in your inboxSenator Bernie Sanders and Ro Khanna, a representative, on Monday introduced legislation that would impose a 5% annual wealth tax on America’s billionaires.The proposal, titled the make billionaires pay their fair share act, would apply to individuals in the US with a net worth of $1bn or more, of which Sanders’s office estimates there are 938 people who meet that threshold. Continue reading...

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Billionaire Tech Mogul Peter Thiel Warns Woke AI Company Anthropic Could Rig 2028 Election for Democrats

The Gateway Pundit

21 minutes ago

Billionaire Tech Mogul Peter Thiel Warns Woke AI Company Anthropic Could Rig 2028 Election for Democrats

Billionaire technology Peter Thiel warned that AI company Anthropic could use its technological advantage to influence the 2028 presidential election in favor of Democrats. The post Billionaire Tech Mogul Peter Thiel Warns Woke AI Company Anthropic Could Rig 2028 Election for Democrats appeared first on The Gateway Pundit.

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Happy Freedom 250! Acting DNI Bill Pulte Fires More “Deep State” Intel Officials

The Gateway Pundit

3 hours ago

Happy Freedom 250! Acting DNI Bill Pulte Fires More “Deep State” Intel Officials

Acting DNI Bill Pulte has fired more "Deep State" intel officials, according to MS NOW. The post Happy Freedom 250! Acting DNI Bill Pulte Fires More “Deep State” Intel Officials appeared first on The Gateway Pundit.

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REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct

The Last Refuge

3 hours ago

REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct

The funniest part of the MSNBC report about the issue is their claim that Pulte has not been in office long enough to know who the Deep State embeds are. “I have a real question of how he would know this. This isn’t a guy who is familiar with intelligence,” said the former official, who […] The post REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct appeared first on The Last Refuge.

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Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Raw Story

7 hours ago

Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Major American corporations that benefited from tax cuts enacted last year by President Donald Trump and congressional Republicans are donating to the campaigns of GOP lawmakers who made the windfall possible.A report published Friday by Unrig Our Economy spotlights seven House Republicans who voted for the sprawling and unpopular GOP budget package, which extended tax breaks for corporations and wealthy Americans while inflicting unprecedented cuts on Medicaid and federal nutrition assistance—with disastrous consequences for millions of low-income families across the country.Rep. Mariannette Miller-Meeks (R-Iowa), one of the lawmakers featured in the new report, has received campaign donations from corporate PACs representing 3M, Amazon, Walmart, AT&T, and other companies that collectively received billions of dollars in tax breaks from the Republican law, which restored a provision allowing businesses to immediately write off new investments.Amazon saw its US income taxes fall by more than half last year due to the GOP law, even as the company’s profits grew. Unrig Our Economy noted that Amazon, whose PAC donated thousands to the Republicans spotlighted in the new report, has an effective federal tax rate of 1.37% following enactment of the budget law.Miller-Meeks, who has received at least $57,000 in donations from the PACs of companies that benefited from the 2025 law, issued a statement Thursday bragging about supporting “the largest tax cuts in American history,” not mentioning that the benefits will disproportionately flow to profitable corporations and the richest people in the country.“Thanks to the Republican tax law, corporations are receiving tax breaks, House Republicans are getting campaign cash, and working families are getting stuck with the bill,” the report states.Another Republican lawmaker featured in the report, Rob Bresnahan of Pennsylvania, received $2,500 in campaign donations from the PAC of FirstEnergy, which reaped $500 million in depreciation deductions thanks to the GOP tax law.“Bresnahan voted to give FirstEnergy hundreds of millions in tax breaks even after the company raised utility prices for his constituents,” Unrig Our Economy’s report observes.The report also points out that Bresnahan “owned stock in every single one” of the companies who contributed PAC money to his campaign following passage of the Republican budget package last summer.“This comes after Bresnahan has already faced scrutiny for dumping stock in Medicaid providers and selling off bonds in Pennsylvania hospitals before voting to slash Medicaid and put rural hospitals at risk,” the report notes.Leor Tal, Unrig Our Economy’s campaign director, said in a statement that “one year ago, House Republicans ripped away healthcare and food assistance from millions of Americans, so that corporations could get massive tax breaks.”“Now, many of those companies are dishing out PAC money to the Republicans listed in this report,” said Tal. “Republicans in Congress sold out many of their own constituents to help corporations get even richer. It’s time that House Republicans step up, do the right thing, and start fighting for working Americans—not giant corporations.”

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Mamdani calls out Musk’s ‘hunger’ for wealth

The Hill News

8 hours ago

Mamdani calls out Musk’s ‘hunger’ for wealth

New York City Mayor Zohran Mamdani (D) took a thinly veiled jab at Tesla founder and CEO Elon Musk on Friday during a speech commemorating the 250th anniversary of American independence, saying the trillionaire’s immense wealth epitomizes the “contradictions” that exist in the country. “As we mark 250 years, what do we see?” Mamdani asked…

Center

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Billionaire Trump ally melts down in spat with pope: ‘Working for Chinese communists”

Raw Story

9 hours ago

Billionaire Trump ally melts down in spat with pope: ‘Working for Chinese communists”

Right-wing tech billionaire Peter Thiel is accusing Pope Leo XIV of doing the work of the Chinese Communist Party with his criticisms of artificial intelligence.According to a Thursday report from CNN, Thiel told the Aspen Ideas Festival in Colorado on Tuesday that the pope was inadvertently serving as a “Chinese communist agent” when he released a 42,000-word encyclical that called for strict regulation of AI, a technology that the pontiff said heightens the “risk of dehumanization” throughout the world.Thiel argued that this sort of thinking was dangerous, CNN reported, because it could result in the US losing the “race” to build more advanced AI to China. Because of this, Thiel continued, the pope is essentially “working for the Chinese communists” by trying to tap the brakes on AI development.Thiel, a co-founder of PayPal and Palantir, has long decried AI critics in harsh terms. Over the last year, he has been delivering a series of lectures in which he has said that opponents of AI development are working as agents for the Antichrist.Journalist Christopher Hale, who writes the Letters From Leo newsletter, noted on Friday that Thiel in the past has even speculated that Pope Leo could be “a manifestation of the Antichrist.”Thiel has said that he instructed Vice President JD Vance, a longtime political ally who received major funding from the tech billionaire for his 2022 Senate campaign, to ignore the pope’s moral guidance despite influencing Vance to convert to Catholicism, Hale added.“Thiel seeded the vice president’s Catholic faith,” Hale wrote, “and he now tells wealthy festival audiences that the leader of that faith works for a communist government.”In addition to his attacks on the pope, Thiel also warned about “a democratic-socialist takeover of the Democratic Party,” pointing to recent victories in New York and Colorado of candidates backed by the Democratic Socialists of America.Thiel said that this “takeover” would doom the US, arguing that “when the Democratic Party goes, this country is over,” according to CNN.The New York Times reported in May that Thiel has grown so concerned about the political situation in the US that he’s created a “foothold” for himself in Argentina, which is currently being governed by ideologically likeminded libertarian President Javier Milei.“Thiel, who has a history of collecting backup countries as he hedges his bets against the United States, is considering making Argentina another Plan B,” the Times reported. “Born in Germany and raised in the United States, he received citizenship in New Zealand in 2011, and applied for a passport in Malta in 2022.”

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Voters rage at White House 'corruption' as summer cooling bills surge

Alternet.org

9 hours ago

Voters rage at White House 'corruption' as summer cooling bills surge

MS NOW reports voters appear to be mindful of President Donald Trump raking in millions of dollars this summer while their own air-conditioning bills are creeping out of reach of their monthly home budget.Across much of the country, the 4th of July weekend is bringing more than just fireworks. It's also bringing dangerous and potentially record-breaking heat from the Midwest all the way to the northeast with heat indexes potentially climbing well above 100 degrees.More than 160 million people in 30 states are currently under extreme heat warnings this holiday weekend, with little sign of relief from either Mother Nature or the Trump economy. In places like New York, for example, humidity can make a 100-degree day feels like 110, 115 degrees. And it is, of course, considerably more humid in many Southern red states.MS NOW reporter Moses Small marched out into the street and talked to voters fleeing high home utility bills at city cooling centers.“Yeah, it's stressful,” said New York resident Daniela Crespo. “I've been anticipating looking at the forecast, thinking about, how many days am I going to run the AC? What temperature am I going to set it at? What is this going to cost me? It definitely has been on my mind.”Crespa added, however, that even as her own monthly electric bill blows up in her face and she struggles to control it by adjusting her AC to the tip of tolerance she is markedly aware of the extreme wealth pooling out of the White House and the Trump family’s bank accounts.“I mean, I think it really distills the kind of moment we're in with the level of corruption that we're seeing at the very highest levels of government,” Crespa told Snow, speaking on Trump making $2 billion in White House related monetization schemes and crypto machinations since returning to the White House.“When it gets to this hot, families tell me they really do think about the utility bills and their bank accounts,” said Snow, “especially with the Bureau of Labor Statistics reporting inflation up 4.2 percent in the past year — but within that, a 23.5 percent jump on energy costs.”Snow added that a CNBC analysis claims Americans, on average, have spent an extra almost $450 in gas and electric prices alone since Trump unilaterally kicked off his war in Iraq. Meanwhile, the money the Trump family is making while occupying the White House appears to smell with enough corruption to make Democrats competitive even in some of the reddest farm states this November. - YouTube youtu.be

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Republican unveils Declaration of Independence bill ahead of America's 250th birthday

Latest Political News on Fox News

12 hours ago

Republican unveils Declaration of Independence bill ahead of America's 250th birthday

Rep. Matt Van Epps said his bill reaffirming the Declaration of Independence directly responds to socialist candidates gaining ground in primaries.

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Bernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires

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Bernie Sanders and Ro Khanna propose bill to impose wealth tax on billionaires

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