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#SocialSecurity shortfall expected to accelerate, with funds at critical low in 2032
The shortfall will be driven in part by a drop in #immigration due to #Trump policies & by Trump’s #TaxCuts for corporations & the #wealthy, trustees say, resulting in “trimmed” [we’re all #SOL] #benefits.
CounterPunch.org | Grand Theft Big OIL by Sidney Plotkin - Bill Scheuerman
AI generated summary, Read the full article for complete information.
The article “Grand Theft Big OIL” argues that while Americans face soaring gasoline prices, oil companies are profiting enormously through government subsidies, tax breaks, and lax regulations—especially under the Trump administration. It cites data showing the world’s biggest oil firms earning roughly $30 million per hour since Trump’s war with Iran, and highlights that U.S. oil and gas producers received over $46 billion in public assistance from 2005‑2015 and continue to benefit from billions in annual subsidies. The piece details how Trump’s policies—including a $70 billion tax subsidy package, billions in guaranteed loans, corporate tax avoidance, and the rollback of 23 environmental rules—have further enriched the industry while shifting the fiscal burden onto taxpayers and compromising public health and climate goals. It concludes that despite occasional political criticism, Big Oil’s political power and the administration’s support ensure continued profit for the industry at the expense of ordinary citizens and the planet.
Read more: https://www.counterpunch.org/2026/05/21/grand-theft-big-oil/
#Trump #Biden #TheHill #TaxCuts #BigOil #DonaldTrump #BarackObama #JoeBiden
Missouri legislature ends 2026 session marked by GOP wins, fewer meltdowns
Lawsuit challenges Missouri ballot plan to phase out income tax, expand sales tax
#Billionaire #SF Mayor #DanLurie: #TaxCuts for Real Estate Developers 🤮
The failure of tax and fee cuts for big developers was on full display Wednesday as Sup. Connie Chan held a hearing on a Budget and Legislative Analysts report showing that the so-called “incentives” pushed by Mayor Daniel Lurie and Sup. Bilal Mahmood have done almost nothing to address the housing crisis. Nick Menard, a […]
Structurally large fiscal deficits will keep the U.S.’s debt burden far above that of other ‘AA’ category sovereigns, Fitch Ratings says in a new report.
https://dmarketforces.com/tax-cuts-us-fiscal-position-to-deteriorate-in-2026-fitch/
Quebec announces tax cut for 75,000 small and medium-sized businesses
https://fed.brid.gy/r/https://globalnews.ca/news/11822897/quebec-tax-cuts-small-medium-businesses/
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