Jeff Bezos says bottom half of earners should pay zero in income taxes
The top 20% receive income in excess of $10 trillion. Taxed at 50% that will still pay for the federal government.
They can live on $100k just like the rest of us, and still have half of everything above that left over.
U.S. crude oil falls below $100 per barrel after Trump says Iran talks in final stages
The only thing surprising about any of this is the market's 100% propensity to believe lies in order to make a buck.
... Contrary to thousands of hours of impeachment legal punditry going back to the Nixon administration, a president doesn’t have to commit a crime to be impeached. As Hamilton writes in Federalist 65, impeachment involves “the misconduct of public men” and “the abuse or violation of some public trust.” Impeachments are “POLITICAL” (Hamilton’s all-caps) because they injure “society itself.”
It may in fact be legal for the president to be the judge in his own cause and create a taxpayer-financed slush fund for him to reward cronies and henchmen on a whim. It is already clear that presidents can launch wars without Congress or the courts unduly getting in the way. But I struggle to think of hypothetical scenarios that would be more likely to arouse in Madison and his contemporaries the — now misplaced — reassurance that impeachment was an available remedy.
Here.
Booker defeats McGrath in Kentucky Democratic Senate primary
Charles Booker is projected to win the Kentucky Democratic Senate primary on Tuesday, according to Decision Desk HQ, defeating Amy McGrath in the race to succeed retiring Sen. Mitch McConnell (R-Ky.).
The victory came six years after McGrath, a retired Marine fighter pilot, narrowly defeated Booker in the primary for the seat, winning 45 percent of the vote to Booker’s 43 percent. McGrath went on to lose in the general election by nearly 20 points. ...
Trump's self-destructive alcoholic personality will only make him more legislatively unsuccessful this year than he has been already.
Cassidy becomes fourth GOP senator to back Iran war powers measure limiting Trump
Sen. Bill Cassidy, who lost his bid for a third term in Saturday’s Louisiana Senate Republican primary, on Tuesday became the fourth Republican senator to vote to advance a war powers resolution directing President Trump to withdraw U.S. armed forces deployed against Iran.
Cassidy joined Republican Sens. Rand Paul (Ky.), Susan Collins (Maine) and Lisa Murkowski (Alaska) in voting Tuesday for a motion to discharge the war powers resolution sponsored by Democratic Sen. Tim Kaine (Va.) out of the Senate Foreign Relations Committee.
The motion passed by a vote of 50 to 47, setting up a future vote to proceed to the motion on the Senate floor.
The resolution is privileged under the 1973 War Powers Act, allowing it to pass the Senate with a simple-majority vote instead of having to clear the 60-vote threshold required for most legislation.
Cassidy kept his plan to vote to advance the resolution secret until the last moment. He declined to reveal how he would vote on the measure when asked about it Monday.
Murkowski broke ranks with Senate Republican leaders last week to vote to advance the war powers resolution. ...
Trump’s ouster of Republican senator sends shock waves through Senate GOP
The resounding defeat of Sen. Bill Cassidy (R) in Saturday’s Louisiana primary has sent shock waves through the Senate Republican Conference, underscoring how Republicans who look to distance themselves from President Trump and his low approval ratings will have to think twice about paying a political price for perceived disloyalty.
Cassidy’s ouster came a few weeks after Trump and his allies helped defeat five state senators in Indiana who defied Trump’s desire to redraw the state’s congressional map, sending a loud message to any Republican on Capitol Hill thinking about clashing with the president. ...
[Republican Senator Thom] Tillis, an outspoken critic of some of the Trump administration’s actions this year, reacted angrily to Cassidy’s loss, sending an email to Republican colleagues on Monday threatening to block a budget reconciliation package from moving on the Senate floor later this week — even though it’s a top Trump priority.
Tillis expressed his disappointment over Cassidy’s loss on Saturday and urged Republican colleagues to delay action on the reconciliation bill so as not to force Sen. John Cornyn (Texas), another Republican colleague facing a tough primary on May 26, to stay in Washington until late this week to vote on the budget bill, according to a source familiar with the email’s details. ...
Senate GOP expresses frustration, anger, sadness as Trump snubs Cornyn in Texas
President Trump’s decision Tuesday to snub Sen. John Cornyn and endorse state Attorney General Ken Paxton in the Texas Senate Republican primary was met with frustration, anger and even sadness by Senate Republicans.
The move likely sinks Cornyn’s hopes of winning another Senate term, and Republicans warned it could make it tougher to defeat Democratic candidate James Talarico in November.
Republican senators exuded pain for Cornyn, who served as Senate Republican whip during Trump’s first term and is deeply respected by his Senate GOP colleagues. ...
Some Republican senators saw Trump’s treatment of Cornyn as a snub of Senate Majority Leader John Thune (R-S.D.), who had worked behind the scenes for months to persuade the president to back him.
The NRSC invested in Cornyn through a joint fundraising committee, and One Nation, a fundraising group affiliated with Thune’s political operation, has spent more than $10 million helping Cornyn. ...
Trump’s endorsement of Paxton and his attacks against Cassidy won’t make it any easier for him to muster GOP votes for his ballroom funding or for the $1.8 billion anti-weaponization fund to compensate MAGA allies who believe they were targeted by the government. ...
