Latest news with #Trump-supported
Axios
5 days ago
- Business
- Axios
Senate picks fight with House GOP on the "big, beautiful bill"
Senate Finance Chair Mike Crapo (R-Idaho) has picked a big intra-GOP fight on SALT, Medicaid and clean energy — all but ignoring some of the House's most delicate budget compromises. 🥊 Why it matters: Neither the House nor the Senate wants to go to a formal conference, but the Senate text released Monday afternoon showed just how extensive, and contentious, the conference-like negotiations will be. "That would be a big mistake," Majority Leader John Thune told Axios about an actual conference between the House and Senate. "That would drag this thing out." Zoom in: Members of the House SALT caucus were outraged that the limit was reduced from $40,000 to $10,000 in the Senate text. "Everyone knows this 10K number will have to go up. And it will," Rep. Elise Stefanik (R-N.Y.) said on X. 💰 To help pay for his priorities, Crapo cut deeper on Medicaid and reopened the debate on the provider tax. The House wanted to cap the provider tax threshold at 6% for Medicaid expansion states, but the Senate version plans to gradually lower the threshold to 3.5% in 2031. Crapo also put limits on how much can be deducted for President Trump's key priorities — no tax on tips, no tax on overtime and no tax on seniors. On energy tax credits, Crapo wants to allow more projects to claim them before the credits sunset. Crapo also reduced the child tax credit from the House-passed $2,500 to $2,200. 🏈 Even the House's Trump-supported provision to strip sports team owners of a lucrative tax break was ignored. And on the so-called "revenge tax" on foreign subsidiaries, the Senate watered down the House language and delayed its implementation until 2027. The first test will be getting 51 senators on board, and just a few hours after the text came out, it was already on shaky ground in the Senate. "We're further away than we were before," one GOP senator told us after leaving a meeting tonight with the rest of the conference to discuss the bill. Sen. Ron Johnson (R-Wis.) said he's a "no." Sen. Josh Hawley (R-Mo.) blasted the changes to Medicaid. Other Republicans were eerily quiet or said they needed time for review. Between the lines: For Democrats, the deeper cuts to Medicaid and scaled-back child tax credit are ready-made to blast the GOP.
Yahoo
05-06-2025
- Politics
- Yahoo
"Trump is in the Epstein files": Musk drops "big bomb" on president as war of words continues
Elon Musk said President Donald Trump was named in the case files of late child sex offender and financier Jeffrey Epstein on Thursday. The former head of the Department of Government Efficiency said that delays in releasing information around the notorious accused sex trafficker were entirely meant to save face for Trump, who was a known associate of Epstein's. "Time to drop the really big bomb," Musk wrote on X. [Donald Trump] is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!" Epstein was facing charges of sex trafficking when he died in his jail cell in New York City's Metropolitan Correctional Center in 2019. His death was ruled a suicide, and the case against him was dropped. Right-wing conspiracy mongers and Republican elected officials have made a good bit of hay out of the idea that the so-called "Epstein files" would reveal a list of his clients and thereby expose a ring of rich and powerful people soliciting underage girls. The idea that someone involved in a criminal trafficking operation would keep a ledger or list of their crimes seems silly on its face, but that hasn't stopped the Trump administration from garnering press by sharing binders full of Epstein info with notable conservative influencers. Those same influencers turned on the release when the files were found to be nothing more than publicly available information. Musk has spent the last several days disparaging the president on social media. The billionaire has railed against a Trump-supported spending bill that is forecast to add trillions of dollars to the national deficit, quickly torching the goodwill he earned over months on the campaign trail and in Trump's inner circle.
Boston Globe
30-05-2025
- Politics
- Boston Globe
This is getting out of hand
So while some President Trump-supported reforms, and humility, at the nation's oldest, wealthiest, and most prestigious university might be warranted, the question of 'at what cost' should also be front and center, for conservatives as well as liberals. Advertisement We're not talking here simply about some of the more limited demands from the Trump administration, such as ending diversity, equity, and inclusion programs, hiring additional conservative faculty, or instituting policies to better police antisemitism. Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up We're talking about drastic threats to cut off We've reached a point, that is, where the Trump administration's pressure tactics are on the verge of causing long-standing damage to a great American institution, one that produces world-changing science, medicine, and literature, as well as business and political leaders — including conservatives. Advertisement One would hope, then, that some of those Harvard-trained conservatives have begun asking themselves whether all of this has gone too far. And if they are asking themselves that question, is it not time to start conveying their concerns to the White House? None of this would require public admissions of regret or performative social media posts. Indeed, such public actions could provoke a doubling-down from our stubborn president. But there is a MAGA political infrastructure, and it seems as pliable to private lobbying as any White House of the past, and perhaps more so. Maybe this is a step too far for some members of Trump's inner circle, including Steve Bannon ( But what about Ken Griffin, a conservative hedge fund billionaire who has been a sharp critic of Harvard's leftward tilt — but has also given the university Might they play a role in calling a truce to this massively counterproductive war? Advertisement Harvard clearly has a role to play in this. Recent reporting suggests that while the university was making quiet attempts earlier this year to negotiate, those Like any great power conflict, peace talks usually start with secret overtures through intermediaries. If Harvard hasn't reached out to those intermediaries, we hope it does, and soon. To resolve this battle with the least damage to the country, to a higher education system that is the envy of the world, and to Harvard itself, the university will clearly have to make some concessions. That should not be impossible, because not everything Trump is demanding is unreasonable: reining in at least some DEI programs; implementing stronger protections for Jewish students; bringing greater ideological diversity into its faculty. It also seems entirely possible that the university would benefit from weaning itself from some federal dollars. Harvard's only red lines should be its academic freedom and independence — meaning the Trump administration would have to step back from some of its demands, like micromanaging hiring. To those who would dismiss these ideas as liberal pablum, consider this: The Wall Street Journal's Advertisement Even We agree. The president ran on pledges to strengthen America's industrial base and shrink its trade deficit, to control its borders, and to eliminate 'wokeness' from the federal bureaucracy. Permanently wounding one of the world's great universities, one that is also a magnet for international talent and a critical engine for the country's economy, wasn't particularly high on that agenda. It's time to talk about ending this fight and getting on with more pressing issues. Who is willing to be the university's shuttle diplomat? Editorials represent the views of the Boston Globe Editorial Board. Follow us
Time of India
24-05-2025
- Business
- Time of India
Top lawyers exit Paul, Weiss law firm after Trump deal
Attorneys Karen Dunn, left, and Jeannie Rhee, two of the four top partners who have announced that they are leaving the Paul Weiss law firm (Image Credit: NYT News Service) A leading Democratic attorney and three senior partners are departing from Paul, Weiss to establish their legal practice, according to the Politico. These exits follow two months after Paul, Weiss arranged an agreement with the White House, pledging $40 million in pro-bono legal services for Trump-supported causes, in exchange for withdrawing an executive order that the firm's Chair Brad Karp indicated could have been devastating for their organisation. The departing group includes Karen Dunn, former co-chair of the firm's litigation division, who has assisted Democratic presidential and vice presidential candidates with debate preparation since 2008. Jeannie Rhee, who served in the Justice Department during Obama's administration and previously defended Hillary Clinton in her private email server case before joining Robert Mueller's investigation team, is also leaving. The group also includes Jessica Phillips, known for representing major technology firms in court, and William Isaacson, a distinguished trial lawyer previously recognised as litigator of the year by The American Lawyer. "We were disappointed not to be able to tell each of you personally and individually the news that we have decided to leave Paul, Weiss to start a new law firm," Dunn wrote in a goodbye email sent to the firm's partners. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo "It has been an honor to work alongside such talented lawyers and to call so many of you our friends. We hope to continue to collaborate with all of you in the years to come and are incredibly grateful for your warm and generous partnership. " The executive order, which referenced the firm's connection to a lawyer who had investigated Trump for the Manhattan District Attorney's Office, restricted the firm's access to government contracts, limited their lawyers' interactions with officials, and threatened to bar Paul Weiss attorneys from government buildings. Federal judges have declared similar directives against Perkins Coie and Jenner & Block unconstitutional. WilmerHale and Susman Godfrey have filed lawsuits challenging comparable executive orders, with decisions still pending. However, Paul Weiss and other prestigious law firms negotiated agreements to improve relations with Trump. "Paul Weiss is grateful to Bill, Jeannie, Jessica and Karen for their many contributions. We wish them well in all their future endeavors," the firm said in a statement.
Time of India
19-05-2025
- Politics
- Time of India
Donald Trump rubs it in: After allocating a whopping amount of money for his birthday parade, he is now selling tickets to VIPs for the event; here are the details
President Donald Trump is planning a big military parade on his birthday, June 14, which also marks the U.S. Army's 250th anniversary, according to the reports. The parade will have dozens of tanks, thousands of soldiers marching, and military aircraft flying over Washington, D.C. Donors to America250, a nonprofit organizing events for America's 250th anniversary, are being offered VIP access to this parade and other Trump-supported military events this summer, according to The Wall Street Journal report. The VIP experience includes things like special seating and being welcomed personally at the events. Other events offering this VIP access are troop readiness demonstration at Fort Bragg, North Carolina on June 10. A 4th of July celebration in Washington, D.C. It's not clear how much money donors have to give to get the VIP perks, as per The Daily Beast report. However, Trump is being criticized for the parade, mostly because of how expensive it will be. The estimated cost is between $25 million and $45 million and that's before counting things like repairing roads damaged by tanks or clean-up costs after the event. Naveed Shah, from veterans group Common Defense, said the parade seems more about Trump's ego than honoring soldiers, as mentioned in The Washington Post report. Live Events White House deputy press secretary Anna Kelly defended the parade, saying it's a tribute to all who served in the military, according to The Daily Beast. She also said the cost will be shared by the Department of the Army and the U.S. Semiquincentennial Commission. Trump said the parade isn't just for his birthday, and called the cost 'peanuts' compared to the value of celebrating America's military power, he added, 'We have the greatest missiles, submarines , tanks, weapons, in the world. And we're going to celebrate it, according to NBC's Meet the Press report. Now why does Trump want this parade? Trump's love for military parades started after he saw France's Bastille Day parade in 2017 while visiting Paris. John Bolton, Trump's former national security adviser said officials warned Trump about everything and the expenses his birthday parade would cost and that the U.S. doesn't hold military parades without a real reason, as per The Wall Street Journal report. Bolton said they finally convinced Trump not to do it back then because the repairs, cost, and chaos would annoy the public. In 2018 Trump wanted a similar parade but D.C. officials did not allow it, especially Mayor Muriel Bowser. FAQs Q1. What will the cost of Trump's birthday parade cost? Trump's parade will approximately cost between $25 million and $45 million. Q2. Who gets VIP access to Trump's parade? Donors to America250 may get VIP seating and special treatment at the events.
