Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

President Trump is ramping up pressure on the industry to lower gas prices ahead of November’s midterm elections.

This Republican Has a Wild Idea for Fixing Housing Prices: Let the Market Actually Work

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.”

Americans hit the road in record numbers for 4th of July — in spite of high gas prices

National average for regular gasoline has fallen from a June peak above $4.56 a gallon as crude oil prices eased following the end of Iran conflict.

Bessent on Trump accounts, gas prices and wage growth

Treasury Secretary Scott Bessent spoke exclusively with Kelly O'Grady about Trump accounts, which officially launch on Saturday, as well as when gas prices could lower to pre-Iran war levels and wage growth for Americans.

Meet the patriotic ‘living historians’ who bring the American Revolution to life — one reenactment at a time

They're partying like it's 1776.

Appeals Court Upholds New York ‘Gas Stove Ban’ That Chuck Schumer Insisted Wasn’t Even Happening

A federal appeals court just upheld a New York state ban on gas stoves, which is very strange, considering the fact that Senate Minority Leader Chuck Schumer of New York insisted that the ban on gas stoves wasn't even happening. The post Appeals Court Upholds New York ‘Gas Stove Ban’ That Chuck Schumer Insisted Wasn’t Even Happening appeared first on The Gateway Pundit.

'He actually said this?' Trump stuns with claim about his kids during CNBC interview

President Donald Trump stunned his critics on Thursday with a remark he made about his kids during an interview on CNBC. Trump was asked by CNBC's Joe Kernen about allegations that his children are using insider information to gain favorable business deals. The president recently disclosed that he earned more than $2 billion during his second term, alarming many political analysts and ethics experts. "I feel bad in a way for my kids because every time my kids do, if they invest in a stock or if they go and do a bill, anything they do, because the presidency is so powerful, so big, everything if they buy a cupcake company, well, the energy to make the cupcakes is sort of like, how’s my energy policy?" Trump told Kernen. "So therefore, you have ... almost anything they do, if they buy an energy-efficient truck, they have inside information. So it’s pretty tough in that sense. I tell my kids, 'Stay away from as much as you can stay away from.' But they also have a life.”Questions about the investments made by Trump's children, Don Jr. and Eric, have swirled following the release of Trump's financial disclosures. For instance, Trump's sons recently invested in a mining company in Kazakhstan that later won a nine-figure contract with the federal government. Trump's critics sounded off on social media after the CNBC interview was over. "He actually says this? Wow," Stephen Soldz, a psychologist and researcher in Boston, posted on Bluesky. "Pure corruption. I look forward to the congressional hearings," Zak Williams, a political consultant at Zenith Strategies, posted on Bluesky. "The most corrupt administration in American history and it’s not even close," Max Berger, co-founder of the Momentum Training Institute, posted on Bluesky. "Looking forward to all the Hunter Biden critics weighing in. Especially on Fox," David Corn, Washington bureau chief for Mother Jones, posted on Bluesky.