Even though Blackstone, the world’s largest private equity firm, raked in billions in profits last year, new documents show their tax rate actually went below zero. This may help explain why CEO Stephen Schwarzman has spent nearly $25 million to help Trump and GOP senators win: to ensure the tax breaks enriching Blackstone stay in place.
David Sirota is editor-at-large at Jacobin. He edits the Daily Poster newsletter and previously served as a senior adviser and speechwriter on Bernie Sanders's 2020 presidential campaign.
It’s tempting to turn the new reporting on Donald Trump’s tax shenanigans, paying only $750 in taxes in 2016 and 2017, into a story about Trump as a singular villain. He’s despicable, but he could only get away with it because we live under a system that allows the wealthy to rip off $266 billion from the country every single year.
Donald Trump says he expects the Supreme Court to decide the 2020 election, as it did in Bush v. Gore. If Amy Coney Barrett is confirmed, the court will have three justices who worked directly on the case that undemocratically determined the 2000 election.
In August, Trump nominee Amy Coney Barrett delivered a key ruling blocking many gig workers from suing in court when tech companies deny them overtime pay. It's just one in a long history of decisions that favored corporate interests.
A memo is circulating on Capitol Hill that spells out exactly the kind of tactics that could slow Donald Trump’s Supreme Court nomination. Will the Democrats use them?
Donald Trump is making it very clear that he has few qualms about using undemocratic, authoritarian means to stay in power. If they’re serious about stopping him, Democrats will have to stop cowering in fear and act like a real opposition party.
Joe Biden keeps stomping on progressives — despite the fact that he desperately needs their votes. If he wants to defeat Donald Trump, this is exactly the wrong way to do it.
The Democratic Party has long made a habit of preemptively surrendering major fights with Republicans before they even begin. They’ll have to change that right now if Democrats want to block a Supreme Court replacement of Ruth Bader Ginsburg.
Senate minority leader Chuck Schumer has the power to try to stop Trump’s nominee, but he has previously caved to the GOP on judges. The only way he’ll put up a fight is if he feels pressure from his left.
Everything is awful right now, and the barriers to making things better are steep. But more and more people know that the status quo cannot continue — and more and more people are fighting, even winning, battles on behalf of a better world for everyone.
As Joe Biden has ignored the Democratic base, polls now show he faces an enthusiasm gap. Progressive pressure is needed to force him to energize Democratic voters and defeat Donald Trump.
At a time when it couldn't be clearer how desperately we need to roll back carbon emissions, Trump has not only made it easier for fossil fuel companies to increase them — he has also changed rules to make it harder for climate activists to fight back.
Weeks before the election, Donald Trump is now citing Bob Woodward’s self-serving decision to suppress the shocking coronavirus audiotape as proof that he did nothing wrong.
A health care lobby group hired Trump’s former lawyer and gave millions to Democrats — now criminal nursing home and hospital execs may get special protections from COVID lawsuits.
To boost book sales, celebrity journalist Bob Woodward concealed a tape of Donald Trump that contained information about the pandemic that may have prevented thousands of deaths. This isn't hyperbole. This is peak 2020 insanity.
On this Labor Day, remind everyone you can that if we hope to ever rebuild an economy that works for everyone, we’re going to need many more workers in unions and a much stronger labor movement.
As the GOP demands college football teams start the season, new research shows that coaches are getting very rich off a system that prohibits athletes from joining a union and being paid for their work.
Ed Markey, the Democratic Massachusetts senator facing a tough primary challenge from Joe Kennedy III, is known for the Green New Deal — but he also has a history of drawing the ire of Wall Street.
Proposed Democratic legislation would end a special tax break for Wall Street executives — but the bill is stalled in Rep. Richard Neal’s committee, as Wall Street bankrolls his campaign to try to fight off his progressive primary challenger, Alex Morse.
Yesterday, Trump’s USPS chairman, Robert Duncan, confirmed he had served on two Republican super PACs — at the same time new documents showed that the GOP takeover of the United States Postal Service coincided with a significant slowdown in mail delivery just months before the November election.