“The Trump administration signaled a plan Friday to revoke a two-year-old tax rule designed to crack down on an arcane but highly lucrative tax avoidance tactic used by some of the largest and most complicated businesses.
If enacted, the Trump administration’s proposal would mean that large business partnerships no longer need to tell the IRS when they shift assets from one corporate entity to another. Those transactions, called “basis shifting,” have allowed businesses to dodge tens of billions of dollars in taxes, the Treasury Department alleged in the past, by illegally depreciating the same asset over and over again.
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the IRS workforce has shrunk drastically under Trump. In the first months of his term, more than a quarter of the agency took buyout offers or otherwise left their jobs.”
A Biden tweet about football was doing better than a Musk tweet, so Musk had engineers come in on off-hours and “fix it” so that his own post would do better.
Musk has turned Twitter/X into his personal propaganda machine that leans right wing.
After Shirley’s daycare video accusing specific day care centers of fraud simply because they didn’t open up their doors to a group of men, the state checked on those centers and found they were all operating normally.
Ben Shapiro says that Trump is obviously corrupt, but supports him anyways. He admits that Conservatives are willfully blind and hypocritical on the issue because if Biden did this they would be screaming bloody murder. He defends Trump by stating false things about what Trump has done and by stating false things about the Democrats. Shapiro has been critical of Trump compared to other Trump voters, but he’s still amazingly blind about the truth of what Trump has done and what Democrats have done.
Shapiro acknowledges that Trump was immoral and undemocratic in claiming Biden stole the election and for Trump’s role in the Capitol riot, but because the guard rails held, he’s willing to give Trump another chance. Jessiah makes the analogy that if Shapiro’s kids were in a car with a drunk driver, and that driver crashed but no one was hurt because guard rails stopped the car from going over the side, Shapiro would give the keys of a new car to that driver and allow his kids to ride with him. Of course, Shapiro wouldn’t do that, but he’s willing to do it with US democracy.
Even the National Review admits that Trump’s family is getting rich from foreign countries in exchange for presidential actions that benefit those countries.
Initially, and for some time, the Biden administration didn’t know what to do with the flood of people coming across the border. There was not clear leadership on the issue, and some hoped it would die down on its own. Then the administration wanted Congress to pass something to help them solve the issue without using executive force on its own. Trump convinced Republican Congressmen to not vote for that bill even though it moved policy closer to what they agreed with. Then, Biden used executive authority and successfully stopped the flow. Politically, this was too late for him to get credit.
“American farmers exported more than 26 million metric tons of soybeans to China annually during Biden’s term. Trump’s deal with China would cover less than half that amount
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Since 2017, America has exported more than 22 million metric tons of soybeans to China in every year except two. Those years? The first was 2018, when China cut off purchases of American soybeans in response to Trump’s tariffs targeting American imports of Chinese goods. The second was this year, when China did the same thing in response to another set of tariffs imposed by the Trump administration.”
“Trump said the administration was officially terminating Biden’s “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today’s action. Automakers are now required to meet an average of 34.5 mpg across their model fleet by 2031, a dramatic drop from the average of 50.4 mpg across 2031 that the Biden administration had proposed.”
“In theory, the CHIPS Act provided a mechanism for the federal government to retract the grant and get all or part of its money back should Intel fail to meet its obligations. It’s not clear whether the federal government would have exercised its option to take the money back, but it was an option—until Trump stepped in.
As the company flailed, Trump met with its CEO, Lip-Bu Tan. Trump first called for him to resign. Then in August, the Trump administration announced that the federal government would just take partial ownership of Intel. Essentially, the U.S. government would purchase a roughly 10 percent stake in the chipmaker, partially nationalizing the company. And funds from CHIPS would be used to do it.
Trump bragged about the deal, saying he planned to “do more of them.” The company’s stock price rose on the news, suggesting that investors liked it. But that’s probably because it was a good deal for the company, at taxpayer expense.
According to public financial filings, the federal government would disburse the remaining funds, about $6 billion, while clearing any obligations for the company to actually complete work on new domestic semiconductor fabs.
In exchange, the federal government would gain partial ownership—as well as all the financial risks stockholders usually have when they invest in companies. Those risks will now be borne by taxpayers.
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Trump gave Intel a federal bailout, removing the company’s public obligations and accountability while loading more financial risk onto the public.”
“”Nearly $8 billion in Green New Scam funding to fuel the Left’s climate agenda is being cancelled,” OMB Director Russell Vought wrote Wednesday in a post on X. While there is not yet an official announcement, he added that there would be “more info to come” from the Department of Energy. Vought said the newly rescinded funds would come from terminating projects in California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New Mexico, New York, Oregon, Vermont, and Washington.
If it feels like those 16 states have something in common, it’s true: All voted for then-Vice President Kamala Harris, Trump’s opponent, in the 2024 election. In fact, other than Maine, Rhode Island, and Virginia, Vought’s list includes every single state that didn’t go for Trump.”