Californians fear billionaire tax will cause businesses to flee: poll
Source: New York Post · Bias: Right
Summary
A majority of California voters fear that the billionaire tax will force businesses to flee the state — as the controversial proposal has only reached 25% of the signatures it needs to make the ballot. In a new poll, 64% of respondents were worried that the 5% wealth tax on billionaires will drive businesses out...
Californians fear billionaire tax will cause businesses to flee: poll
Right
A majority of California voters fear that the billionaire tax will force businesses to flee the state — as the controversial proposal has only reached 25% of the signatures it needs to make the ballot. In a new poll, 64% of respondents were worried that the 5% wealth tax on billionaires will drive businesses out...
Ken Griffin, the billionaire founder of hedge fund Citadel, urged business leaders to resist the socialism of New York City Democratic Mayor Zohran Mamdani, warning that the Big Apple's business environment will otherwise be destroyed.
The post Business Leader Calls on New York City to Resist Mamdani appeared first on The Gateway Pundit.
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.”
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.”
Former special counsel Jack Smith has been a constant target of fury and legal threats by President Donald Trump, dating back to even before the election, when the famed prosecutor was helming a pair of federal criminal cases against him.But Smith doesn't dwell much on the possibility that Trump's Justice Department will fabricate some charges against him, he told MS NOW's Nicolle Wallace in an exclusive interview on Thursday. There's something he worries a lot more about."Do you think that this is a department that you could send someone to go work in, and they could be asked to indict you?" asked Wallace.Smith agreed "that could happen" — however, he continued, "in the Justice Department, even as we sit here right now, there are lots of people doing good work prosecuting violent crime, protecting their communities, doing the everyday work of being a prosecutor. And yes, it could happen. That could happen, and that would be unfortunate. And then you might have to step down." Nonetheless, he added, "I don't want to see people run from public service because of that possibility.""Do you expect to be indicted?" Wallace followed up, noting that Trump "said he would indict you."Smith replied, "I'll tell you, Nicolle, I honestly do not spend a lot of time thinking about the things he says about me and his threats about me."Instead of that, he continued, "I'm really focused on the people who I worked with, looking out for them. I'm really focused on how the Justice Department is going to be better going forward, things like that."What Smith worries about more, he made clear, is the future of the people he worked with who helped him do his job.Ultimately, Smith said, "I had an all-star team ... the agents on my case, if I were to walk you through all the awards they've won throughout generations of administrations, we would be here all night. These were superstars. I'm much more concerned that those people get to serve in the department, get to serve in the bureau again someday." - YouTube www.youtube.com
According to the renowned fascism historian Ruth Ben-Ghiat, the Supreme Court has become President Donald Trump’s “partner in corruption,” not only working to enrich those who are in on the scam, but reshaping the U.S. as an authoritarian state in which one must “fear and obey” Trump.“This is the summer of corruption,” wrote Ben-Ghiat on Thursday. “Defined as the abuse of power for private gain, corruption can happen in any kind of organization and government, but under authoritarianism it attains a new status: it is how the executive branch operates, expands its power, and recruits elite and grassroots partners. The Supreme Court is one of these partners, as we’ll see below.”The Trump administration and its enablers on the Court, argues Ben-Ghiat, “are providing Americans and the world with a lesson in how corruption can become systemic.” This, she says, is the goal of all authoritarians: they “seek to retool government and the culture to create the conditions to lie, steal and repress people with impunity. That means going after journalists, judges, investigators, opposition politicians and others who expose official wrongdoing. It also means puffing up the leader’s personality cult and inventing narratives, backed by complicit religious institutions, about his selflessness and purity.”She raises the example of Justice Clarence Thomas, who has a well-documented history of “accepting luxury gifts and travel from billionaire GOP donor Harlan Crow,” who in turn “has a garden full of statues of dictators, and collects Adolf Hitler and Nazi memorabilia.” And, according to Ben-Ghiat, “As per the sacred laws of corruption, these ‘gifts’ were likely supposed to be repaid whenever Thomas put on his robes. No matter that the Court, which has no ethical oversight mechanism, finally instituted a code of conduct in November 2023, which states that justices must ‘uphold the integrity and independence of the judiciary’ and avoid actual and apparent impropriety.”Thomas has paid no attention to this code, refusing to recuse himself in cases involving Trump’s election lies, even though Thomas’s wife Ginny was directly engaged in those lies. As Ben-Ghiat muses, “What good would Thomas be as a link in the chain of corruption if he took himself out of the game just when he was most needed?”“And here we arrive at the Supreme Court as a partner in Trump administration corruption, first by giving the President immunity for official acts, and now by upholding his right to dismiss an official on political grounds,” writes Ben-Ghiat. “A landmark ruling in July 2024 gave the president ‘the power of a king,’ as the Brennan Center termed it, conferring upon him absolute immunity (for the exercise of core constitutional powers) and presumptive immunity (for all other official acts). This created the legal space for a lawless individual such as Trump to feel even more emboldened to use corruption and violence to destroy our democracy and make money doing it.”Now, while the Supreme Court has for 100 years upheld that the president does not have the authority to fire heads of independent agencies without cause, Trump’s allies on the court have overturned that precedent, creating conditions for further “systematic corruption.”“We need to see this decision through autocratic eyes,” explains Ben-Ghiat. “Not obeying the Leader, refusing to participate in his corruption, and politicizing the practice of government are acts of negligence and malfeasance in office in the authoritarian world. Such people must be removed from public service, lest they influence others with their moral stances.”The power to fire agency officials at will is exactly what the president needs to shape government to his private agenda. According to Ben-Ghiat, proof of this intention was revealed by the words of Solicitor General John Sauer, who represented the Trump administration in the case, arguing before the court that the president needs to be able to remove officials in the agencies because “the President must have the power to control and…the one who has the power to remove is the one who…is the person that they have to fear and obey.”
The US believed Israel was plotting to kill Iran's head negotiators, Abbas Araghchi and Mohammad Bagher Ghalibaf, in the middle of the peace talks, with America going as far as to warn Tehran through third party countries of the risks, officials said.
