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Tax Code Rewards Generosity. But Probably Not Yours

Apr 15, 2026Center Right

f you've been staring at your tax bill and wondering how to keep more of your money, money, money to yourself next year, you might consider taking a page out of the billionaire's playbook. You could be like Steve Ballmer and write off the costs of buying a sports team, or make like Mark Zuckerberg and dial down your salary to just $1 per year.

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

Raw Story

6 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.”

Far Left

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Taxes on Trump's $1.4 billion crypto income could total hundreds of millions

Politics - CBSNews.com

Yesterday

Taxes on Trump's $1.4 billion crypto income could total hundreds of millions

The White House declined to say how much the president paid in taxes on his crypto windfall.

Center

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BetMGM bonus code NYPNEWSGET: Get up to $1K in no-sweat tokens for Croatia vs. Portugal

New York Post

Yesterday

BetMGM bonus code NYPNEWSGET: Get up to $1K in no-sweat tokens for Croatia vs. Portugal

Get up to $1,000 in no sweat tokens over 10 days with the BetMGM bonus code NYPNEWSGET.

Right

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German Coalition Offers €10 Billion in Tax Relief in Reform Pact

Bloomberg Politics

Yesterday

German Coalition Offers €10 Billion in Tax Relief in Reform Pact

Chancellor Friedrich Merz’s coalition agreed on €10 billion ($11.4 billion) in annual income tax relief and a range of measures to bolster Germany’s labor market as part of a set of reforms designed to revive economic growth and stabilize the budget.

Center

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Vance says Democrats headed toward communism: ‘This is not raising taxes a little bit’

The Hill News

2 days ago

Vance says Democrats headed toward communism: ‘This is not raising taxes a little bit’

Vice President Vance on Tuesday accused Democrats of heading toward communism, citing recent Democratic primary victories by democratic socialist candidates and claiming the policies they propose are “not raising taxes a little bit.” The vice president appeared on “The Ingraham Angle” on Fox News, where host Laura Ingraham asked if democratic socialist candidates are going…

Center

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Gavin Newsom Is Totally Wrong About Taxes

Reason.com

3 days ago

Gavin Newsom Is Totally Wrong About Taxes

Robby Soave and Amber Duke discuss Gavin Newsom's turn toward socialism.

Center Right

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Democrats try to grave-rob Jimmy Carter’s oil tax

BizPac Review

3 days ago

Democrats try to grave-rob Jimmy Carter’s oil tax

Democrats are trying to revive a Carter-era redistribution tax targeting oil producers. Democratic Rhode Island Sen. Sheldon Whitehouse and Democratic California Rep. Ro Khanna reintroduced the Big […]

Far Right

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“There Will Be No Gouging, Which is Totally Illegal” – Trump Calls on Gas Retailers to Drop Prices to $2.50, Demands California Cut Gas Tax After Ordering DOJ Probe

The Gateway Pundit

3 days ago

“There Will Be No Gouging, Which is Totally Illegal” – Trump Calls on Gas Retailers to Drop Prices to $2.50, Demands California Cut Gas Tax After Ordering DOJ Probe

President Trump on Monday blasted gasoline retailers and the State of California over high fuel costs, demanding lower prices for Americans as oil hovers around $70 per barrel amid de-escalation with Iran. Last week, Trump announced that he had "instructed the DOJ to immediately start looking into" price gouging by big oil companies. The post “There Will Be No Gouging, Which is Totally Illegal” – Trump Calls on Gas Retailers to Drop Prices to $2.50, Demands California Cut Gas Tax After Ordering DOJ Probe appeared first on The Gateway Pundit.

Far Right

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Tax Code Rewards Generosity. But Probably Not Yours

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Tax Code Rewards Generosity. But Probably Not Yours

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