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Lawsuit Targets Secretive Musk-Led Pentagon Panel Over ‘Enormous Potential Conflicts of Interest’
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Article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
A meeting of the Pentagon’s Project Meridian was pictured on October 1, 2026 in Washington, DC.
(Photo: US Department of Defense/X.com)
“The federal government should not be outsourcing its vision on ‘the future of warfare’ to a panel dominated by individuals that stand to profit from it.”
A coalition of government watchdog organizations sued the US Department of Defense on Monday over a recently announced initiative known as Project Meridian, a Pentagon advisory committee headed by SpaceX CEO Elon Musk and Anduril Industries cofounder Palmer Luckey—billionaires whose companies benefit extensively from federal contracts.
The lawsuit, filed in the US District Court for the District of Columbia, alleges that Project Meridian violates the Federal Advisory Committee Act (FACA), which “requires that any federal advisory committee that includes non-governmental members be created by a charter, have a defined structure and purpose, make its records and meetings open to the public, and be fairly balanced in its membership.”
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In his memorandum ordering the creation of Project Meridian, Pentagon Secretary Pete Hegseth set a deadline of January 28, 2027 for the panel to deliver recommendations to the US Defense Department on how to “map the trajectory of future warfare” and help the country “maintain global dominance.”
Project Meridian has held at least two meetings at the Pentagon, which has not disclosed the specific contents of the gatherings or released a list of attendees. Former Republican House Speaker Newt Gingrich is helping Musk and Luckey spearhead the advisory panel, coordinated by the MITRE Corporation—whose board previously included the GOP’s nominee for US Senate in Michigan, Mike Rogers.
“Despite its ongoing operations and imminent final report,” the new lawsuit reads, “defendants have failed to comply with FACA’s procedural and substantive requirements for new federal advisory committees, including FACA transparency requirements that disallow Project Meridian’s closed-door operations.”
“Compounding the problem, Project Meridian’s private-sector membership raises precisely the type of conflict-of-interest concerns that FACA was designed to address,” the lawsuit continues. “Announced members include Elon Musk and Palmer Luckey, both leaders and stakeholders of major defense contractors with substantial financial interests in the outcome of Project Meridian’s recommendations. Other members likewise have direct financial stakes in Project Meridian’s findings or are dedicated to aggressive military action.”
The lawsuit was filed by Citizens for Responsibility and Ethics in Washington (CREW), Public Citizen, and the Project on Government Oversight. The groups urged the federal court to “hold unlawful, vacate, and set aside Secretary Hegseth’s September 30 memorandum establishing Project Meridian,” “enjoin defendants from allowing Project Meridian to continue its work until defendants bring it into compliance with FACA,” and bar the Pentagon from “accepting or acting upon any recommendations by Project Meridian while it is acting outside the law.”
Donald Sherman, CREW’s president, said in a statement on Monday that the Pentagon is “legally barred from getting advice in secret, by defense contractors with enormous potential conflicts of interest.”
“But that’s exactly what Project Meridian is doing—soliciting private counsel from contractors about military capacity including the president’s largest political benefactor,” said Sherman. “The Federal Advisory Committee Act sets clear requirements about transparency and avoiding conflicts of interest, and Project Meridian must either comply or stop operating.”
Musk’s SpaceX has secured more than $8 billion in Pentagon contracts in 2026 alone.
Anduril Industries, Luckey’s firm, is known for building autonomous drones. The company won a $2 billion US Navy contract last month, days after Hegseth announced Project Meridian.
“Project Meridian would outsource design of grand military strategy to two extremist Pentagon contractors, Elon Musk and Palmer Luckey,” Robert Weissman, co-president of Public Citizen, said Monday. “Very predictably, they will recommend more spending, much more spending, on more AI-enabled weaponry. That would simultaneously make the world more dangerous and starve funding for domestic and human needs.”
“The law demands balance on advisory committees, precisely to prevent connected insiders like Musk and Luckey from writing policy at the expense of the public,” Weissman added.
Article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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5 November 2026
After Trump Tax Cuts, Major Corporations Pay Less than Ever
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Article by Amy Hanauer republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
“Inequality is soaring, prices are high, and instead of combatting the affordability crisis, this Congress and this president are passing laws that enrich the richest and abandon the rest of us,” writes Hanauer.
(Image: Collage Generator)
Who bears the cost of these giant companies paying such a pittance? The American people.
President Trump and his allies in Congress, across two presidential terms, have broken the federal corporate income tax.
They reduced the statutory tax rate to its lowest level since 1939 and lavishly exempted an enormous share of corporate income from taxation. The results?
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Last year, the largest profitable corporations in the country paid the smallest share of their profits in federal income taxes since the Institute on Taxation and Economic Policy, the organization I head, began analyzing this over 40 years ago. Extraordinarily profitable companies paid very little and, shockingly, 114 corporations paid nothing at all.
It is likely that most of these corporate CEOs didn’t break any laws. They don’t have to. Their profligate campaign spending elects candidates who are beholden to them.
Who bears the cost of corporations paying such a pittance? The American people.
Our findings should alarm anyone who thinks enormous companies ought to contribute to the government of the country that enables them to profit so much. The report takes the Fortune 1000 and S&P 500 lists of the largest U.S. corporations and examines the 706 of them that reported profits and disclosed enough information to allow analysis of their 2025 federal income tax.
What stands out is not only the number of huge entities paying little or nothing, but the household names.
American Airlines, 3M, Citigroup, CVS, Doordash, Duke Energy, GoDaddy, H&R Block, Hasbro, Honeywell, Live Nation, Palantir, Southwest Airlines, Tesla, United Airlines, and Walt Disney are just some of the 114 companies that paid no federal income tax in 2025.
It wasn’t because they had a bad year. Tesla paid no tax on profits of $5.7 billion, giving Elon Musk his money’s worth from hundreds of millions in political spending. Citigroup paid no tax on profits of $4.4 billion. CVS paid nothing on $8 billion. It’s a nice deal if you can get it.
Along with no-tax corporations, there are plenty of low-tax ones: On top of the 114 zero tax companies, 144 more paid less than 7 percent on their income. Their average rate was 3.1 percent.
This list includes Amazon, AT&T, Coca-Cola, Delta Airlines, ExxonMobil, J.P. Morgan-Chase, Johnson & Johnson, Meta, Microsoft, News Corp., Uber, and many more. Again… profitable companies all.
On average, the 706 corporations in the ITEP report paid 10.4 percent of their profits in federal corporate income tax in 2025, the lowest level in at least 40 years. One reason is that the legal rate is lower than it’s been in over 80 years, down from 35 percent to 21 percent in President Trump’s first term. On top of that are tax subsidies, the breaks that exempt huge profits so corporations pay even less than 21 percent of their profits in taxes.
Every company in our study was profitable. The 706 corporations reported $1.88 trillion in domestic profits last year. At the pre-Trump rate of 35 percent, they would have paid $658 billion in taxes. Between the reduction in the rate and the subsidies, these corporations saved more than $460 billion.
The corporate tax slashing is happening even as federal spending cuts bludgeon our communities.
It is likely that most of these corporate CEOs didn’t break any laws. They don’t have to. Their profligate campaign spending elects candidates who are beholden to them. Their lobbying dictates what elected officials should do. And they profit from the laws that Congress and the President deliver.
The $460 billion in taxes saved by these 706 corporations could have been used to benefit the American people and tackle some of our biggest policy problems. It could have bought Medicaid coverage for more than 55 million people, Social Security for more than 18 million retired workers, or childcare for more than 34 million children.
The corporate tax slashing is happening even as federal spending cuts bludgeon our communities. While Trump’s 2025 tax law will cut $1 trillion in taxes for the richest 1 percent over the next decade, it will also chop $1 trillion from healthcare, forcing higher health insurance costs for Americans and eliminating insurance entirely for millions. Social Security will be insolvent by 2032 unless Congress allocates more resources. And childcare remains a cost-prohibitive essential for young working families.
Enough is enough. Inequality is soaring, prices are high, and instead of combatting the affordability crisis, this Congress and this president are passing laws that enrich the richest and abandon the rest of us.
Article by Amy Hanauer republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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3 November 2026
Led by Elon Musk, 515 Superrich People Have Donated $4.2 Billion to Super PACs for 2026 Elections
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Article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
Tesla and SpaceX CEO Elon Musk attends the Golden Age of American Innovation Summit at the Institute of Peace on October 8, 2026 in Washington, DC. (Photo by Win McNamee/Getty Images)
“Until something is done, like overturning the Citizens United US Supreme Court decision, the wealthy’s stranglehold on our political system will continue to tighten.
The “almost cartoon-villain level of political spending” by SpaceX CEO and former Trump administration adviser Elon Musk has reached a fever pitch ahead of the midterm elections, with the right-wing billionaire’s donations of $445 million to super political action committees accounting for 10% of the $4.2 billion the PACs have brought in.
As an analysis released Tuesday by the government watchdog Public Citizen found, Musk has led the way in contributing huge sums to super PACs. The PACs can raise unlimited amounts of money on behalf of candidates and causes and have increasingly influenced elections following the 2010 Citizens United Supreme Court ruling, which said the government cannot restrict political spending by corporations.
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But excluding Musk, just 514 donors have contributed about $3.8 billion to super PACs this election cycle, as Republicans attempt to hold onto control of the US Senate and House of Representatives despite President Donald Trump’s plummeting approval rating and his record of raising the prices of gas and other essentials with his illegal war on Iran and his tariff policy.
Altogether, the donations from the 515 contributors account for 73% of all super PAC funding from individuals, corporations, and nonprofits this election cycle, according to Public Citizen.
“The figures add to a growing body of evidence that unlimited political spending has concentrated influence over elections among a tiny number of wealthy individuals and corporations,” said the organization, noting that Musk’s contributions come two years after he poured nearly $300 million into the 2024 elections, boosting Trump and other Republicans and spending close to $120 million more than the next closest donor.
The report follows an earlier Public Citizen analysis that found more than 100 super PACs that have raised at least $1 million received the majority of the funding from just a single donor, collectively gathering more than $1 billion to boost the candidates of their choice.
The Senate Leadership Fund has the most donors contributing at least $1 million each, with 61 people contributing $496 million.
“When 500 donors account for more than 70% of super PAC contributions, we should be asking whose voices our political system is prioritizing.”
MAGA Inc., the super PAC affiliated with Trump, has taken $405 million from 102 contributors ahead of the crucial midterms, while the Senate Majority PAC has received $244 million from 44 people or groups.
Fifty-three donors have sent $231 million to the Congressional Leadership Fund, while 31 donors have contributed $183 million to the House Majority PAC.
“Super PACs have helped create a political system where a small number of wealthy interests can spend unlimited amounts to influence elections and shape the choices voters face,” said Lisa Gilbert, co-president of Public Citizen. “When 500 donors account for more than 70% of super PAC contributions, we should be asking whose voices our political system is prioritizing.”
After Musk, GOP megadonors Richard and Elizabeth Uihlein have been the second-largest contributors to super PACs this year. The Uihleins own the packing company Uline, and have pushed for years for government deregulation and against labor unions.
Other top contributors include multiple dark money groups, right-wing megadonor Jeffrey Yass—a longtime funder of anti-LGBTQ+, anti-choice, and anti-public school campaigns—and venture capitalist Marc Andreessen, who said earlier this year that he would prefer to use artificial intelligence in his business rather than hire human workers.
As The Washington Sun reported Tuesday, dark money groups, which don’t have to reveal the source of their contributions, have poured more than $392 million into the four congressional leadership PACs this year.
The Public Citizen report stresses that the hundreds of top donors to super PACs this year gave amounts of money that “most Americans could not fathom donating to a political cause.”
More than 85% of the money raised by super PACs ahead of the midterms came from donors who gave at least $20,000—“nearly a quarter of the median household income,” said Public Citizen.
“Until something is done, like overturning the Citizens United US Supreme Court decision,” said the group, “the wealthy’s stranglehold on our political system will continue to tighten.”
Article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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1 November 2026
Largest US Corporations Paid Lowest-Ever Tax Rate in 2025 Thanks to Trump and GOP: Study
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Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
“At a time when lawmakers claim the country cannot afford investments in families and communities, some of the most profitable corporations in American history are paying little or nothing in federal income taxes.”
Some of the biggest US corporations paid an effective federal income tax rate of just 10.4% last year as Republican legislation passed by President Donald Trump disproportionately benefited businesses and the superrich while eviscerating key social programs, a study published Thursday revealed.
The 706 corporations examined by the Washington, DC-based Institute on Taxation and Economic Policy (ITEP) reported a combined $1.88 trillion in US profits in 2025, yet paid less than half the statutory federal corporate income tax rate of 21%. Of those companies, the study found that 114 paid no federal income taxes at all.
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Those 706 companies collectively paid current federal corporate income taxes equal to just 10.4% of that $1.88 trillion, “the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes,” according to the analysis.
The study attributes this to two major tax laws enacted under Trump: The 2017 Tax Cuts and Jobs Act—derided at the time as the “GOP Tax Scam”—slashed the statutory corporate income tax rate from 35% to 21%, while the so-called One Big Beautiful Bill Act passed by the Republican-controlled Congress and signed by the president last year expanded and made permanent the 2017 cuts.
NEW: U.S. corporations are paying the lowest tax rate seen in decades.706 major corporations collectively paid a federal income tax rate of just 10.4%, less than half the statutory rate.114 corporations paid zero.itep.org/corporate-ta…
— ITEP (@itep.org) 2026-10-22T15:30:00.218Z
“These findings show just how dramatically the corporate tax system has been tilted in favor of the nation’s wealthiest and most powerful companies,” ITEP senior fellow Matt Gardner, who co-authored the report, said in a statement.
“At a time when lawmakers claim the country cannot afford investments in families and communities, some of the most profitable corporations in American history are paying little or nothing in federal income taxes,” he added. “This is not an accident. It is the predictable outcome of deliberate policy choices that have steadily eroded the corporate tax base.”
Among the report’s key findings:
- The 114 companies that paid no current federal income tax last year include Tesla, Walt Disney, CVS, Citigroup, United Airlines, and DoorDash;
- 258 corporations paid effective tax rates below 7%, or less than one-third of the statutory rate;
- Those 258 companies reported $683 billion in US profits but paid an effective federal income tax rate of just 1.7%;
- The 706 corporations studied received $198 billion in federal tax subsidies by paying less than the statutory 21% rate;
- They also benefited from an additional $263 billion in tax savings attributable to the 2017 reduction of the statutory rate from 35% to 21%; and
- Just 25 corporations accounted for more than half of the 2025 tax subsidies, with Alphabet ($18.9 billion), Microsoft ($18.7 billion), Amazon ($17.4 billion), and Meta ($13.9 billion) among the largest beneficiaries.
While proponents of subsidies claim they are necessary to encourage investment, the new study raises questions about why some of the nation’s most profitable corporations should receive billions of dollars in taxpayer subsidies while vital social programs upon which tens of millions of Americans rely, like Medicaid and food stamps, suffer historic cuts under Republican legislation.
“Congress has repeatedly chosen to expand tax breaks for corporations that are already extraordinarily profitable,” said Steve Wamhoff, ITEP’s federal policy director and co-author of the report. “Rather than continuing to subsidize corporate investments and reward aggressive tax avoidance, lawmakers should close these loopholes and ensure that large corporations pay a meaningful share of their profits in taxes.”
Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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New ITEP Study: Major Corporations Paid Lowest Federal Tax Rate in Decades Following Trump Tax Cuts ›
23 October 2026
‘Pause AI Now!’ Sanders Says as US Banks Let Agents Operate in Customer Accounts
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Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
Protesters in New York City take part in the “Freeze AI Now” national day of walkouts on October 20, 2026. (Photo by Kena Betancur/Getty Images)
“Left unchecked, AI could endanger the entire global financial system—including your bank account.”
Sen. Bernie Sanders on Thursday renewed calls to pause development of artificial intelligence following reporting that unauthorized AI agents are operating inside the systems of major US banks.
Axios’ Madison Mills revealed that Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo, and other financial institutions are “racing to contain agent risks,” including “situations when an agent or AI assistant accesses a human’s account with the user’s permission and login credentials,” which “goes against the guidelines of most banks requiring that humans log in to their own accounts.”
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In AI, an agent is a system that can take actions to complete an assigned task, rather than simply responding to queries or generating text.
According to Mills’ reporting—which cites people familiar with the matter—some agents have contacted bank call centers or appeared to take actions independently of users’ instructions.
Banking executives interviewed by Mills described the problem as “horrifying,” with one official warning of potentially serious consequences for customers’ finances.
The stakes are particularly high, the executives said, when AI agents have permission to make purchases or transfer funds. Banks are also struggling to determine whether activity is actually authorized by customers or whether an agent has gone rogue.
“This is insane,” Sanders (I-Vt.) posted on social media in response to Mills’ report. “We cannot allow AI agents to go into your bank account and act independently without your authorization.”
“But that is what’s happening right now,” he continued. “Left unchecked, AI could endanger the entire global financial system—including your bank account.”
The senator added, “Pause AI NOW!”
Sanders has repeatedly warned that the race to create increasingly powerful AI systems is outpacing efforts to ensure their safety. Such concerns are mounting as profit- and ego-driven tech oligarchs race toward the “holy grail” of artificial general intelligence (AGI)—an advanced AI that can understand, learn, and apply knowledge of any subject as well as or better than a typical human.
Earlier this month, Sanders renewed his call for a congressional ban on the development of advanced AI, citing Big Tech oligarchs’ secret preparations for a “catastrophic AI event.”
The senator has repeatedly cited pioneers like Geoffrey Hinton who have warned that superintelligent AI—a development that experts believe could come after AGI—might wipe out humanity, as well as less existential but still potentially devastating outcomes like xAI CEO Elon Musk’s prediction that AI and robots could “replace all jobs.”
Last month, Sanders and Congressional Progressive Caucus Chair Greg Casar (D-Texas) introduced legislation to pause advanced AI development and ban the creation or deployment of artificial superintelligence. Sanders also wants a moratorium on the construction of new AI data centers.
The banking story underscores the growing challenge of deploying autonomous AI systems in consequential settings before their behavior can be reliably controlled or monitored.
JPMorgan CEO Jamie Dimon last week announced a ban on outside AI agents from accessing customer accounts.
Sanders wasn’t the only elected official who responded with alarm to the new Axios report.
“This is the exact thing we’ve been warning about for years,” Sen. Mark Warner (D-Va.) said on social media. “AI agents with unrestrained access to your bank account and protected information. When consumer AI agents are accessing YOUR bank account or using YOUR credit card, they must be subject to fiduciary-like duties of care.”
“We need to pass my AI AGENT Act to get some basic guardrails in place,” Warner added, referring to legislation that would establish federal rules for artificial intelligence agents that act on people’s behalf.
Congressman Ted Lieu (D-Calif.) also weighed in on the report, writing on social media that “the Trump administration and GOP leadership made the deliberate decision to let the AI industry run wild.”
“That was a bad political decision,” he added. “And now it’s become a potentially catastrophic policy decision.”
On the other side of the political aisle, Republican Florida Gov. Ron DeSantis—who has opposed the Trump administration’s efforts to prevent states from regulating AI—said on X, “Imagine a rogue AI agent liquidating your bank account and investment portfolio.”
“If you are the only victim, I suppose you could get made whole by the AI company responsible,” he added. “If rogue agents liquidate hundreds of billions across millions of accounts, the AI company would go bankrupt and you wouldn’t get made whole.”
The new Axios report comes two days after nationwide “Freeze AI Now” walkout protests by students, workers, academics, and others demanding an immediate halt to further AI development until the public has a meaningful say in how the technology is built and regulated.
Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
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23 October 2026

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