National Review

Warren’s Wealth Tax and the Return of Feudalism

Apr 26, 2026Center Right

The week of April 27, 2026: What’s next with wealth taxes, Spirit Airlines, the Fed, and much more.

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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…

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‘Baddies Gone Wild’ star claims Zeus Network CEO promised he’d make her a TV star in return for sex: suit

New York Post

Yesterday

‘Baddies Gone Wild’ star claims Zeus Network CEO promised he’d make her a TV star in return for sex: suit

The lawsuit claims the alleged actions happened for years.

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Betnijah Laney-Hamilton benched in latest Liberty challenge since injury return

New York Post

Yesterday

Betnijah Laney-Hamilton benched in latest Liberty challenge since injury return

Betnijah Laney-Hamilton watched the Liberty win Tuesday’s Commissioner’s Cup championship from the bench.

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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.

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

Bloomberg Politics

2 days ago

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.

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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…

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The Guardian view on Trump’s wealth and power: a medieval court wreaks havoc in the 21st century | Editorial

US news | The Guardian

2 days ago

The Guardian view on Trump’s wealth and power: a medieval court wreaks havoc in the 21st century | Editorial

Supreme court rulings, and revelations of the president’s enrichment since his return to office, show that he has turned back the clockDonald Trump is not known for his reverence for the US constitution. But in his second term, he is doubling down on his claim from the first: that the text grants him “the right to do whatever I want as president”.This is, to put it mildly, an extremely unusual interpretation of article 2. But it is the thread that draws together the headlines dominating recent days: a spate of supreme court rulings, mostly to his benefit, and the revelation that he has raked in $2bn since returning to office, half of it from cryptocurrencies.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...

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Warren’s Wealth Tax and the Return of Feudalism | ParallaxNews.io

Warren’s Wealth Tax and the Return of Feudalism

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Warren’s Wealth Tax and the Return of Feudalism

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