Tag: taxes

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax “Must Not Stop At Billionaires”

Rep. Ro Khanna (D-CA) – fresh off endorsing California’s November ballot measure to seize 5% of billionaire wealth – published a Substack essay Wednesday titled, no really, “Why I Support a Billionaire Wealth Tax.”

He makes it roughly a dozen paragraphs before explaining that it isn’t one.

“The tax should not stop at billionaires, it must reach centimillionaires,” Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a 2% federal levy on wealth above that line – every year, forever, on top of everything else you already pay. The vehicle is Elizabeth Warren’s Ultra-Millionaire Tax Act, which Khanna notes he has cosponsored every single year it’s been introduced.

And before anyone reaches for the estate planner: Khanna wants the levy to pierce irrevocable trusts, with the tax billed to the grantor who set them up – because parking a fortune in a trust, in his telling, shouldn’t take it off the government’s books.

Former Microsoft executive Steven Sinofsky summed up the reveal in eight words: “Just like that, no longer a billionaires tax.“

Pirate Wires’ Mike Solana was less diplomatic, characterizing the scheme as an annual asset seizure in which the government tallies everything you own and demands a cut on top of your existing tax bill – now openly targeting anyone worth $50 million. His prediction for where the ratchet stops: “this ends with your 401k.”

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Wind and Solar Finally Meet the Taxpayer’s Breaking Point

A family paying the electric bill doesn’t care how noble a subsidy sounds in Washington. They care whether the lights stay on, the furnace runs, the air conditioner works, and the bill leaves enough money for groceries.

President Donald Trump’s tax law set July 4, 2026, as the deadline ending federal tax credit subsidies for new wind and solar projects not already under construction. U.S. Secretary of Energy Chris Wright called the deadline the end of roughly 35 years of federal support for wind and solar, and he noted that in 2025 they comprised about 3% of total U.S. primary energy consumption. From Just the News:

The Working Families Tax Cuts, a signature piece of President Trump’s tax legislation signed a year ago, set Saturday as the deadline for federal tax credit subsidies on any new solar or wind projects not currently under construction.

U.S. Department of Energy Secretary Chris Wright touted the subsidy deadline and criticized solar and wind energy projects in a video posted to social media Thursday.

“The wind doesn’t always blow, and the sun doesn’t always shine,” Wright said. “They drive up the system costs and increase Americans’ electricity prices.”

From 2010 to 2023, solar and wind energy projects received more than $141 billion in government subsidies combined, according to an analysis by the Texas Public Policy Foundation. The projects received more in government subsidies than any other energy source in the United States, the group reported.

“Beyond their direct costs, subsidies are causing artificially low or negative wholesale prices, scarcity prices during periods of high demand and low wind and solar generation, inefficient use of existing assets, and increased transmission costs,” Brent Bennett, a researcher at the Texas foundation wrote.

The original argument for subsidies was patience. Give the industry help, let technology improve, then let the market decide. After decades of federal support, taxpayers were still being asked to finance energy sources that need backup, transmission buildouts, land, materials, and favorable rules to compete.

Patience became a policy shift; policy drift becomes a bill the public never really got to vote on.

The White House executive order signed July 7, 2025, said federal policy would rapidly eliminate market distortions and taxpayer costs tied to green energy subsidies. The order directed the Treasury Department to strictly enforce the termination of clean electricity production and investment tax credits under sections 45Y and 48E for wind and solar facilities. 

It also directed the Interior Department to review policies that favor wind and solar over dispatchable energy sources.

A Just the News report placed the cost in plain sight. Wind and solar subsidies were estimated at more than $141 billion from 2010 to 2023, more than any other energy source. Before the cuts, the Congressional Budget Office estimated the two programs would increase the federal deficit by $308 billion from 2026 through 2035.

Those figures should settle the basic question. Taxpayers shouldn’t be forced to bankroll electricity that still struggles when demand peaks and weather refuses to cooperate. America needs power that can run steel mills, hospitals, data centers, farms, factories, and homes without asking families to pray for sunshine or a breeze.

Wind and solar have a role where they make sense. Let them compete; let investors risk their own money; let customers decide what they want to buy.

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Unfair! University of California, Riverside Grant Funding Favors Illegal Aliens Over Americans

According to a report from Campus Reform, the University of California, Riverside’s Undocumented Student Programs offers up to $9,000 annually through its Butterfly Project Fellowship to “DREAMers, students from mixed-status families, and undocu allies,” while a comparable graduate research grant for U.S. citizen graduate students provides up to $4,000 per year.”

This program rewards lawbreakers while punishing American citizens, something which is entirely unfair.

“According to fellowship materials reviewed by Campus Reform, the Butterfly Project Fellowship provides up to $9,000 annually to illegal alien graduate students, with awards disbursed through the Financial Aid Office.”

There shouldn’t be incentives at American academic institutions for foreign nationals who break our laws, and the fact that there are is an outrage that rewards lawlessness.

Recipients of this insane “fellowship” are also given the opportunity to attend college and “Undocumented Student Programs events while continuing to advance their graduate research.”

“A comparable funding opportunity for American citizens available through UCR is the Dissertation Research Grant, administered by the university’s Graduate Division. The grant provides up to $2,000 per application during both the fall and spring quarters, allowing recipients to receive up to $4,000 annually.”

That’s a considerably lower amount than what illegal aliens get and shows a disparity.

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90,000 Haitians live in Massachusetts and only 10,000 are working…

Even though the Supreme Court has put out some disastrous duds, they’ve also handed President Trump major victories as well. They cleared the way for his team to end Temporary Protected Status for tens of thousands of Haitian migrants. What does TPS mean, exactly? Well, in short, when a foreigner is on TPS, they don’t have to work, and there’s no risk of being deported.

Temporary Protected Status (TPS) does not require you to work. Instead, it gives eligible individuals the legal permission to work in the U.S. and protects them from deportation. TPS does not require you to hold a job; it simply provides the legal right to work if you choose to.

So, if they’re not holding down a job, they’re collecting welfare and mooching off the American taxpayer.

The good news is that President Trump can now begin deporting them.

Of course, the reaction from the left came in fast and furious style. The same crowd that exploded with outrage when President Trump called Haiti a “shithole” country years ago, flooding social media with beautiful beach photos and travel brochures, is now arguing that sending migrants back would be a death sentence because Haiti is simply too dangerous.

Western Lensmen:

Jan 2018. Democrats and the media were apoplectic over Trump’s “shithole” comments, and were engaged in a campaign to defend Haiti.

Here, Anderson Cooper explains to Conan what an “amazing,” “incredible” and “culturally rich” place it is, and how he loves to spend his weekends and vacation time there.

Conan then went to Haiti and posed for the infamous “beautiful country” photo while sipping a drink out of a coconut.

Now, Dems and the media are telling you it would mean suffering or death for anyone to be sent back there.

Their narrative is wholly dependent on what is deemed to be politically useful at any given time.

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Inside Ottawa’s mansion spending spree

On Tuesday’s episode of The Ezra Levant Show, Ezra sat down with Franco Terrazzano of the Canadian Taxpayers Federation to dig into what Terrazzano calls the “dumbest piece of prevailing wisdom in Ottawa”: the idea that politicians are too cheap to renovate their own mansions.

According to Terrazzano, the National Capital Commission spent $135 million over 16 years maintaining and renovating official residences, or roughly $8.5 million annually. Despite this, the agency has requested an additional $175 million over 10 years, plus $26 million every year ongoing, to restore all six properties.

Terrazzano pointed to a string of expenditures he described as wasteful, including $8 million for a barn at Rideau Hall, $140,000 spent designing a staircase that was never built, and more than $700,000 renovating a kitchen at Harrington Lake.

The conversation also touched on the ongoing Centre Block renovation on Parliament Hill, which the NCC now estimates will cost between $4.5 billion and $5 billion.

Ezra and Terrazzano discussed how some journalists appear to advocate for lavish spending on behalf of the prime minister, from private jet upgrades to the multi-million dollar renovation of 24 Sussex Drive, while taxpayers are left footing the bill.

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European Taxpayers Spend 3.9B Euros on Drones for Ukraine

The European Union just sent another €3.9 billion to Ukraine to buy drones. This is not humanitarian aid. This is war financing. Reuters reported that the latest transfer is part of the EU’s new €90 billion loan program designed to keep Kyiv funded through 2026 and 2027. The money is being directed toward Ukraine’s drone procurement, meaning European taxpayers are now openly financing the weapons system that has become central to this war.

Do not let anyone pretend Europe is a neutral party. The EU Council itself says support for Ukraine has reached €211.3 billion since the war began. That figure includes military, financial, humanitarian, and refugee-related support. Now Brussels is adding a €90 billion loan on top of that to cover Ukraine’s budget and defense needs for the next two years. This is not charity. This is Europe admitting it intends to keep the war going because Ukraine cannot finance it on its own.

The EU sent nearly €2.8 billion earlier in June, Reuters reported another €3.2 billion tranche under the broader loan structure, and now another €3.9 billion is being pushed out for drones. Ukraine’s reconstruction costs are estimated at $588 billion over the next decade, while Kyiv is signing more than 160 recovery agreements worth over €10 billion. Europe is no longer merely supporting Ukraine. It is building the financial architecture for a permanent war economy.

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Mamdani’s NYPD cut ‘blindsided’ City Council — leaving pols bracing for other surprises in $126B budget they passed

Clueless City Council members were blindsided by Mayor Zohran Mamdani’s 11th-hour move to ax nearly 600 promised new NYPD cops from the city’s behemoth budget – leaving them bracing for more surprises, sources revealed.

Mamdani sprung the cut on City Council Speaker Julie Menin late Monday right after they hashed out a backroom deal for the eventual $125.8 billion budget, insiders told The Post.

The ambushed lawmakers had taken Mamdani at his word weeks ago that he’d hire 580 more officers — even though that pledge angered the democratic socialist’s lefty allies because it broke a campaign promise to freeze the NYPD’s headcount at 35,000 cops.

“We were completely blindsided when the mayor sucker-punched us with this reversal after a deal was done,” said David Carr (R-Staten Island), the City Council’s minority leader.

“When an administration publicly announces that it is hiring 580 police officers, you’re supposed to be able to take them at their word. Not once from the announcement was there any sense that this needed expansion of the uniform headcount could be on the chopping block.”

The far-left-appeasing move also put the City Council speaker in a bind because if she objected, it would have derailed a budget deal as the city was already in danger of blowing past a Wednesday deadline, insiders said.

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Big Corporations Get Rich From Their Secret Seed Patents — Taxpayers and Farmers Pay the Price

The U.S. is one of only a handful of countries that allows companies to hold patents on plant varieties.

As a result, a small number of corporations can — and do — suppress competition in the seed industry, stifle innovation and turn taxpayer subsidies intended for farmers into corporate profits.

The U.S. Department of Agriculture (USDA) has found that two companies control more than 70% of U.S. corn and soybean seed sales, and the top four cottonseed companies control nearly 94% of that market.

In a May court filing in a legal dispute between two U.S. seed companies, the U.S. Department of Justice (DOJ) said patents on seeds are obstructing competition and research in the agriculture industry.

As researchers who work on plant breeding and seed policy, we have seen how that plays out.

When huge companies assert their patents, smaller businesses and public plant breeders, who often lack the legal resources to fight back, are frequently dissuaded from conducting research and development that might actually not be illegal at all.

And a lack of competition allows dominant companies — not always based in the U.S. — to collect large sums of taxpayer money that Congress allocated in hopes it would help farmers, not shareholders’ and executives’ bottom lines.

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The Elephant In The Room That Is Fraud

There has clearly been trillions of fraud over the last several decades, and politicians in both parties have shown very little interest in rooting out the fraud until Trump. Somehow, most of the media and other Democrats aren’t too concerned with saving taxpayer dollars—they spend their time attacking Trump.

The media and other Democrats were outraged when Trump spent $16 million dollars fixing the reflecting pool problems, and there was endless reporting, but there is virtually no outrage and minimal reporting on the endless fraud, no matter how many billions have been legitimately stolen from the taxpayers.

The following is a small sample of what crooks have gotten away with, which is only the tip of the iceberg.

Federal data revealed this:

In 2024, 35 percent of exchange enrollees and 40 percent of fully-subsidized low-income enrollees generated no medical claims….

Tens of billions went to big insurance companies to pay for many fake people. Yet, as Democrats shuttered the government, almost all the media spewed were intentional lies about how Republicans wanted to take health care away from the poor, and premiums would rise substantially for them.

The media didn’t have much interest when an enterprising young reporter found massive fraud in daycare centers in Minnesota. They also didn’t have any concern when we learned Governor Walz and Attorney General Keith Ellison knew about the fraud for a long time and instead of going after the criminals, sought to destroy the whistleblowers.

Here is how PBS reported on the story:

This week, the Trump administration dispatched federal officers to Minnesota amid concerns over fraud. The deployment comes after a right-wing influencer posted a video claiming, without proof, that daycare centers operated by Somali residents in Minneapolis had misappropriated more than $100 million.

Hospice fraud in California is massive. Where is the endless reporting by the media? Why aren’t they concerned that Governor Newsom and other officials did little to nothing about it? They also don’t seem interested in how many millions of taxpayer dollars flow to entities associated with Newsom’s wife. Instead, they attack the Justice Department for investigating the obvious.

A huge amount of fraud was found with a small sample of SNAP recipients, yet this news piece seems aggravated at the Trump administration for doing something about it:

The USDA says 700,000 were removed from SNAP. Here’s what counts as fraud.

Multiple studies have found that SNAP fraud is rare, yet the Trump administration continues to place heavy focus on the issue.

In May, Rollins told Fox News that her department had found around 700,000 people fraudulently using SNAP rolls since February 2025 and arrested 895 people in the past year for fraud. She said 244,000 fraudsters used dead people’s social security numbers and 500,000 collected benefits in multiple states.

Here is a story that got little coverage about health care fraud schemes. You would think that with all the worries about Medicare survival that an arrest of around 450 people in 45 states would get extensive coverage, but it doesn’t.

New: Record Healthcare Fraud Bust: 450 Defendants Now Charged by Trump DOJ

How often is this happening throughout the country?

What about this?

Michigan childcare provider collected $1.1M in taxpayer funds despite no visible signs of operating

Where are the administrators we pay for verifying that daycare providers do in fact qualify for the money?

The media clearly has little interest in reporting on fraud perpetrated by illegals:

Illegal Alien Gets 8 Years in Prison for $89 Million Payroll Scheme Employing Illegal Alien Construction Workers

I bet few people saw this story about all the money funneled out during COVID:

NC Tax Preparer Pleads Guilty in $13.9M COVID-19 Fraud Scheme

Seven other return preparers have already pleaded guilty to their roles in the same scheme. 

The media is working hard to avoid the story about how we chased down a Somalian fraudster after he fled the country:

$250 Million Minnesota Fraudster Finally Nabbed — in Mogadishu 

Every once in a while, the media and other Democrats claim to care about debts and deficits, but they clearly don’t when they refuse to help going after fraud and treat every cut or freeze in government spending programs as a disaster.

The only time they really care about deficits is when they falsely claim that Republican tax cuts cost the government trillions of dollars.

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Are Taxpayers Helping to Finance America’s Data Center Boom?

“Government is the great fiction through which everybody endeavors to live at the expense of everybody else” ~ Frédéric Bastiat

A strikingly large number of massive data centers are being built across the United States. It is currently estimated that there are more than 4,000 data centers in the U.S., and more are on the way.

The federal government as well as local and state governments are providing financial incentives for these investments. Such incentives occur in an environment that lacks transparency and proper disclosure. As an extension of this opaqueness, the benefits to justify these subsidies also remain unclear. Many would argue that promises of job creation have been grossly overstated (and the data centers’ potential role in creating a digital control grid kept secret), while energy and resource concerns—as well as the potential costs of site cleanup if and when the facilities close down or fail—have been minimized. This, in addition to the secrecy surrounding the planning and financing of the data center industry, indicates that the negative impact to local residents and the American taxpayers may be substantial.

The following report examines this matter and is organized into two main sections. The first covers the federal layer of financial influence helping to advance the data center boom—the One Big Beautiful Bill. The second section focuses on the generous state and local government tax incentives, which are costing state governments billions in revenue losses. The conclusion elaborates on an opportunity to join the effort in seeking clarity on America’s data center industry, with additional resources provided in the links below.

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