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.”
Elected officials in California are carrying on with business as usual, even after their constituents voted overwhelmingly to send them packing.An election was held on April 28 in the California city of Avenal in Kings County, where the mayor, Alvaro Preciado, and three city council members — Leticia Gamez, David Reynosa, and Pablo Hernandez — were recalled with at least 76% of voters backing the ouster in each case. The Kings County Registrar of Voters certified the recall election.'I’ve never seen a city so deflated.'The driving force behind this electoral housecleaning — which the council members unsuccessfully attempted to stop with a lawsuit in April — was principally voter concerns about transparency and the council's previous decision to cease contracting with the county fire department.Preciado, Gamez, and Hernandez voted on June 11 to reject the will of the electorate and remain in office. They even approved a new city budget despite recall advocates producing a restraining order, reported the SF Chronicle.Those officials clinging to power, including Reynosa, maintain that the recall election was conducted unlawfully by Kings County and without the council's authorization.Preciado told the SF Chronicle last month that he was staying in office until a judge decides on the recall's legality.California Democrat Attorney General Robert Bonta cleared the way for legal action against the recalled officials on June 11.RELATED: Gov. Pritzker says he's one of the good billionaires, not the ones vilified by socialists In his opinion, Bonta noted that "if the Relators are correct on the merits, then the Defendants are not lawfully occupying office. It would not be in the public interest to permit elected officials to disregard election results."Days after Bonta granted the recall campaigners' application for leave to sue in quo warranto, residents served Preciado and the other recalled officials a lawsuit and an earful at an Avenal city council meeting.Dalila Barajas, a resident of Avenal who is one of the recall proponents, told KGPE-TV, "It just seems that the more meetings they have, the more money that they're spending illegally, the more our citizens are getting frustrated and the more we're asking for them to step down."While Bonta cleared lawsuits against the recall officials, King County District 2 Supervisor Richard Valle criticized the state attorney general for his apparent disinterest in the scandal, telling KMPH-TV on Wednesday, "I believe that if these were MAGA republicans who were refusing to leave office, someone in California would have done something about that.""We were hoping he would take some action," added Valle."I’ve never seen a city so deflated in my time of being around in public service. The people feel like nobody’s coming to help," added the King County supervisor. "Why is it being allowed to take place here in the state of California, in the county of Kings, in the city of Avenal? It’s embarrassing."Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
The Department of Labor's latest economic report revealed concerning trends despite a declining unemployment rate of 4.2%. Job creation fell sharply to just 57,000 over three months, down from 129,000 in the previous report, according to the survey released Thursday morning. CNN senior business reporter David Goldman highlighted red flags in specific sectors: nursing jobs added only 22,000 over the past year, compared to 38,000 the previous year, while hospitality hiring experienced significant decline despite multiple cities hosting World Cup games. "That is something that we need to watch," Goldman said.He noted economists expect future revisions to clarify the numbers. "I think, and there are a number of economists who are smarter than me who think, that this might change as we get those revisions in the future months, because this is kind of defying logic and defining what we can see with our own eyes," Goldman said.Watch the video below. Your browser does not support the video tag.
Today, Marta Norton, chief investment strategist at Empower, discusses the underwhelming June jobs report and that means for the Fed's next move. Then, Stuart Paul, Bloomberg Economics US and Canada economist, talks oil prices and what a permanent toll on the Strait of Hormuz would mean for oil prices. Plus, Robin Wenzel, head of the Wells Fargo Agri-Food Institute, breaks down the cost of fourth of July barbeque and where americans are feeling pinched at the grocery store. Finally, 'Bloomberg Business of Sports' co-hosts Vanessa Perdomo-Maglione and Randall Williams, discuss the United States' World Cup win over Bosnia-Herzegovina in the round of 32 and how a controversial red card may cost the US its leading scorer in the next game. (Source: Bloomberg)
The White House is trying to break a fireworks record on Saturday—but doing so will likely cost taxpayers a pretty penny.The Trump administration has not communicated how much the July 4 celebration will cost, or who is expected to foot the bill for the pyrotechnics display. There has been no public record of the company behind the show, Pyrotecnico, receiving a standard government contract for the job, as has been the case with Washington’s previous July 4 celebrations.In lieu of concrete digits, NOTUS’s Anna Kramer reached out to several fireworks companies for a rough estimate on the show’s price tag. They projected the cost in the millions.“You’re talking a many multimillion-dollar production, without a doubt,” James Woods, the director of sales at Pyro Shows in Tennessee, told NOTUS. Pyro Shows assisted in one of the previous world record-setting fireworks displays in Dubai in 2014.Woods told NOTUS that some of the individual shells used in the upcoming celebration could cost anywhere between $50 to $1,000. NOTUS estimated that if even “3 percent of the devices used in this show cost $50, that would total $1.3 million for those devices alone.”This year, the Freedom 250 celebration has promised a record-shattering 40-minute display beginning at 10:30 p.m. that will use more than 860,000 explosives. They’ll be set off along the Reflecting Pool, as well as in West Potomac Park and off of eight barges on the Potomac River.The current record is held by the Iglesia Ni Cristo, a church in the Philippines that earned the Guinness World Record title in 2016 for lighting 809,000 fireworks during a New Year’s Eve event.Another fireworks professional, Kellner’s Fireworks owner Bob Kellner, hypothesized that even if the entire record-setting show were composed of “filler” shells (the cheapest explosives possible, sold for around $2 a pop), the display would still cost a minimum of $1.7 million. But only hitting that bare minimum is highly unlikely, as more sophisticated fireworks cost significantly more.There is just one federal record offering details about the upcoming semiquincentennial. A document from the Interior Department, dated December 2025, dedicated $1.5 million to Garden State Fireworks to run the display. But that was months before Donald Trump promised to launch “the LARGEST FIREWORKS SHOW IN HISTORY” on Independence Day 2026.NOTUS reported that Garden State Fireworks has been responsible for the capital’s July Fourth show for the last decade, and typically receives a contract between $250,000 and $300,000 for the display.
With the U.S. hosting the World Cup, there have been plenty of anecdotes about a booming tourism economy in host cities — Scotland fans drinking Boston bars out of beer, for example.But no World Cup hiring bump is evident in the June employment data.By the numbers: Leisure and hospitality employment fell by 61,000 jobs in June. That's the category that includes restaurant and hotel employment and is most sensitive to tourism trends.The report also sharply revised down what had been first reported as a huge surge in May employment in the sector — to 40,000 jobs added from 70,000.Of note: The month-to-month numbers are volatile, reflecting both sampling error and the vagaries of seasonal adjustment processes. But even over slightly longer time frames, there also is not much to see.The leisure and hospitality sector has shed an average of 9,000 jobs in the last three months. It gained an average of 13,000 jobs monthly in the 12 months before that.The intrigue: It's worth watching whether a World Cup bump shows up in the local economies in other ways, including retail sales and local tax receipts.Employment data for metro areas in June will be released later in the month.The bottom line: "Many had forecast additional hiring needed to support the draw of travelers from abroad and within the U.S. flocking to World Cup venues," Jim Baird of Plante Moran Financial Advisors wrote in a note. "That either didn't materialize or was more than offset by losses elsewhere."
