The US House passes the Trump tax cut bill, making 2017 tax reductions permanent and raising the federal debt ceiling to $5 trillion, with the bill now awaiting President Trump's signature.
#YonhapInfomax #TrumpTaxCut #USHouse #DebtCeiling #TaxRelief #FiscalDeficit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70704
Trump Tax Cut Bill Passes US House—Sent to Trump for Signature (Update)

The US House passes the Trump tax cut bill, making 2017 tax reductions permanent and raising the federal debt ceiling to $5 trillion, with the bill now awaiting President Trump's signature.

Yonhap Infomax

#ClarenceThomas Secretly Participated in #KochBrothers Network Donor Events

by Joshua Kaplan, Justin Elliott and Alex Mierjeski
Sept. 22, 2023, 5 a.m. EDT

Excerpt: "Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.

" 'In the 15 years since, the Koch network has left a deep imprint on American society. Its advocacy is credited with helping stamp out Republican Party support for combating #ClimateChange, once an issue that drew bipartisan concern. The “full weight of the network” was thrown behind passing the 2017 #TrumpTaxCut, securing a windfall for the Kochs and their donors. And the upcoming Supreme Court term could bring the network a victory it has pursued for years: overturning a major legal precedent known as #Chevron.

"While most Americans aren’t familiar with the 1984 case Chevron v. #NRDC, it’s one of the Supreme Court’s most-cited decisions. Legal scholars sometimes mention it in the same breath as Brown v. Board of Education and Roe v. Wade. In essence, Chevron is about government agencies’ ability to issue regulations. After a law is enacted, it’s generally up to agencies across the government to make detailed rules putting it into effect. The Chevron decision said courts should be hesitant to second-guess the agencies’ determinations. In the years that followed, judges cited Chevron in upholding rules that protect endangered species, speed up the approval process for new cellphone towers and grant benefits to coal miners suffering from black lung.

"The Koch network has challenged Chevron in the courts and its lobbyists have pushed Congress to pass a law nullifying the decision. It has also provided millions of dollars in grants to law professors making the case to overturn it.

"The network’s position has become increasingly popular in recent years. Once broadly supported by academics and judges on the right, Chevron is now anathema to many in the conservative legal movement. And there’s no more prominent convert than Thomas.

"In 2005, Thomas wrote the majority opinion in a case that expanded Chevron’s protections for government agencies. Ten years later, he was openly questioning the doctrine. Then in 2020, Thomas renounced his own earlier decision, writing that he’d determined the doctrine is unconstitutional after all — a rare reversal for a justice with a reputation for being unmovable in his views.

"By last year, Koch network strategists sensed that victory could be at hand. During an internal briefing for network staff, Jorge Lima, a senior vice president at Americans for Prosperity, said the Supreme Court seemed primed to radically change its approach to the issue. The network was trying to find cases that could bring about major changes in the law, according to a video of the meeting obtained by the watchdog group Documented. “We’re doubling down on this strategy,” Lima told the crowd.

"Several months later, the Supreme Court announced it would take up a case, Loper Bright Enterprises v. Raimondo, in which Koch network staff attorneys represent the plaintiffs. If Thomas and his colleagues side with them this coming term, Chevron will be overturned once and for all."

Read more:
https://www.propublica.org/article/clarence-thomas-secretly-attended-koch-brothers-donor-events-scotus

#OligarchCamp #BohemianGrove #SCOTUS #ImpeachClarenceThomas #Chevron #ChevronDoctrine #NDRC #KochIndustries #Oligarchy #CorruptSCOTUS #SCOTUSIsCompromised #Corporatocracy #Oiligarchy #EnvironmentalProtections #BigOilAndGas #CorporatePolluters #HeritageFoundation #ClimateDeniers #WaterIsLife #AirIsLife

Clarence Thomas Secretly Participated in Koch Network Donor Events

Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.

ProPublica
President Trump's tax cut bill faces strong opposition from Senate Republicans, who warn it could increase the U.S. deficit by $3.8 trillion over the next decade.
#YonhapInfomax #TrumpTaxCut #SenateRepublicans #BudgetDeficit #CongressionalBudgetOffice #RonJohnson #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64609
Trump Tax Cut Bill Faces Republican Resistance in Senate—'Will Trigger Debt Explosion'

Republican senators signal strong opposition to President Trump's tax cut bill, warning it could increase the U.S. deficit by $3.8 trillion over the next decade.

Yonhap Infomax
Just terrible that Michael Cohen stole money from his boss, Donald Trump. But far worse that Trump and the GOP stole billions from middle class Americans. #trumptaxcut (but only for the rich).
Login • Instagram

Welcome back to Instagram. Sign in to check out what your friends, family & interests have been capturing & sharing around the world.

Republicans lie. Constantly. Repeatedly. Egregiously. They will cut #SocialSecurity and #Medicare rather than increase taxes. This is OUR MONEY-- not an entitlement!

The #GOPTaxScam blew up the deficit, and only benefits the 1%. They should cut #MilitarySpending, and repeal the #tRumpTaxCut. Budget balanced.

https://robertreich.substack.com/p/10-reasons-you-shouldnt-believe-kevin?utm_source=substack&utm_medium=email#details

10 reasons you shouldn't believe Kevin McCarthy when he promises Republicans won't seek cuts in Social Security and Medicare

Listen now (4 min) | Look at the evidence

Robert Reich

Wells Fargo cuts 26,500 jobs, shutters branches, declares "excess capital" and drops $40.6 billion on stock buybacks - http://feeds.boingboing.net/~r/boingboing/iBag/~3/INdaw8msr1w/trumpenomics.html

#latestagecapitalism #corporatocracy #trumptaxcut

Wells Fargo cuts 26,500 jobs, shutters branches, declares "excess capital" and drops $40.6 billion on stock buybacks

Wells Fargo cuts 26,500 jobs, shutters branches, declares "excess capital" and drops $40.6 billion on stock buybacks

Boing Boing