Category: the filthy rich

  • ‘Tomorrow, It Could Be Any of Us’: Dems Probe Trump Plan to Aim IRS at Left-Leaning Nonprofits

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    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    US Treasury Secretary Scott Bessent, accompanied by President Donald Trump, speaks to members of the media aboard Air Force One on October 27, 2025. (Photo by Andrew Harnik/Getty Images)

    “Organizations should never face IRS scrutiny because political officials disapprove of their views.”

    A pair of Senate Democrats on Thursday launched an investigation into reports that the Trump administration is planning to weaponize the Internal Revenue Service against left-leaning nonprofits, targeting the tax-exempt status of groups seen as political enemies of the White House and potentially burying the organizations with huge penalties without adequate due process.

    Sens. Ron Wyden (D-Ore.) and Raphael Warnock (D-Ga.) announced their inquiry in response to recent reporting by the right-wing New York Post, which reported late last month that US Treasury Secretary Scott Bessent and the IRS “could revoke the tax-free status of left-wing nonprofits such as George Soros’ Open Society Foundations, the Southern Poverty Law Center, and the Council on American-Islamic Relations.”

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    Wyden, the top Democrat on the Senate Finance Committee, and Warnock called the story “disturbing” and argued it suggests “political considerations—including the timing of the 2026 midterm elections—are influencing” the administration’s targeting of left-leaning nonprofits. The NY Post, which cited three unnamed sources familiar with the matter, reported that “Bessent’s inner circle is drafting a blueprint that could ultimately strip non-compliant organizations of their 501(c)(3) status.”

    “The reviews could result in massive back payments and civil penalties,” the outlet added.

    The Democratic senators noted in a letter to Bessent and Frank Bisignano, the chief executive of the IRS, that Section 7217 of the Internal Revenue Code prohibits senior executive branch officials from “directly or indirectly” requesting that the IRS conduct or terminate an investigation into any particular taxpayer.

    “The New York Post’s reporting fits a wider pattern of the Trump administration actively using national security directives to weaponize the IRS against protected First Amendment speech,” Wyden and Warnock wrote, citing the presidential memorandum known as NSPM-7. “Rather than targeting actual violence, these directives explicitly conflate terrorism with subjective political viewpoints—such as ‘anti-capitalism,’ ‘anti-Christianity,’ and views on race, migration, and gender.”

    Wyden and Warnock demanded that the Treasury Department and IRS turn over the reported “blueprint” crafted by Bessent’s inner circle as well as “all policies, directives, guidance, criteria, and other documents concerning Treasury and IRS implementation of NSPM-7 as it relates to tax-exempt organizations, including criteria for selecting organizations for examination or possible revocation.”

    The senators also demanded to know whether any executive branch officials in the Trump administration have “identified or recommended” particular organizations—including any of those named in the Post report—for IRS investigation.

    “Americans of every political persuasion must be able to trust that the IRS applies the tax code objectively under one set of rules,” Wyden and Warnock wrote. “Organizations that violate section 501(c)(3) should face appropriate enforcement regardless of their politics—and organizations should never face IRS scrutiny because political officials disapprove of their views.”

    The senators launched their probe as two Democrats in the House of Representatives introduced legislation aimed at guaranteeing that the IRS can’t strip nonprofit organizations of their tax-exempt status “without evidence and without a fair process.”

    Reps. Lloyd Doggett (D-Texas) and Terri Sewell (D-Ala.), the lead sponsors of the Protecting the Rights of Organizations Fairly (PROOF) Act, note that “under current law, many due process protections that are supposed to apply when the IRS examines most nonprofits exist only in the agency’s own internal manual—guidance the IRS can rewrite or suspend on its own authority through an internal memo with no public comment, no rulemaking, and no vote, and that carries no force of law.”

    “The IRS should never be a weapon to punish a president’s political enemies,” Doggett said in a statement on Thursday. “No organization—left, right, or center—should lose its tax-exempt status on an accusation, without evidence, and without a fair chance to be heard.”

    “The PROOF Act is simple,” he added. “If the government wants to take away a nonprofit’s status, it has to show its proof and follow the law. Today, it may be an organization to which the Trump regime objects. Tomorrow, it could be any of us.”

    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy.
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    Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
    Climate science denier Donald Trump confirms that he knows nothing about democracy and that more liquid gold is being secured according to his policy of global privateering.
  • ‘Obviously Going to Increase Hunger’: Trump SNAP Cuts Imperil Free School Meals for Millions of Kids

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    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    Kids have lunch at the children’s center of the main library in San Francisco, California.
     Photo By Liz Hafalia/The San Francisco Chronicle via Getty Images)

    “Without congressional action to reverse the SNAP cuts, children will lose critical food benefits that help families keep hunger at bay.”

    Millions of children across the United States are at risk of losing access to free school meals due to the unprecedented federal nutrition aid cuts that President Donald Trump signed into law last summer.

    The 2025 Republican budget law enacted the largest cuts to the Supplemental Nutrition Assistance Program (SNAP) since its inception more than six decades ago. The cuts have already pushed SNAP enrollment to its lowest level in 17 years, with roughly five million people—including 1.5 million kids—losing aid. Because school districts across the US use SNAP participation rolls to automatically sign children up for free school meals, kids who lose federal aid are at risk of also losing access to free school-time meals.

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    “Cuts to SNAP are not going to stop at the grocery store,” Clarissa Hayes, deputy director of child nutrition programs and policy at the Food Research & Action Center (FRAC), told Stateline earlier this week. “They really are going to threaten children’s access to school meals, which is obviously going to increase hunger at home and in the classroom, and is going to have that negative ripple effect across children’s health and academic performance.”

    FRAC estimated in a recent report that a record 55,362 schools nationwide “offered breakfast and lunch to all their students through the Community Eligibility Provision (CEP)” during the 2025-2026 school year.

    But the number of children who are directly certified for free school meals determines schools’ eligibility for CEP as well as the federal reimbursement schools receive under the program, meaning huge declines in SNAP participation could result in schools losing eligibility for CEP or leave them unable to afford it.

    Students who are no longer automatically enrolled in free school meal programs will have to apply, an often confusing process that requires family income documentation and other paperwork hurdles.

    “Without congressional action to reverse the SNAP cuts, children will lose critical food benefits that help families keep hunger at bay, and the progress we have made on Healthy School Meals for All could unravel,” said Crystal FitzSimons, the president of FRAC, which estimates that nearly 28 million children attended a CEP school during the 2025-2026 school year.

    A survey released last month by the No Kid Hungry campaign found that close to 60% of parents said “their child wouldn’t have enough to eat if it weren’t for the meals they receive during the school day,” underscoring the potentially devastating impact of a large-scale loss of access to school breakfast, lunch, and snacks.

    “An overwhelming majority (89%) indicate that school meals take some pressure off their family when it comes to feeding their children,” the campaign said.

    Democratic members of Congress are increasingly sounding the alarm over the 2025 GOP budget law’s impact on school meals as the new school year begins.

    US Rep. Raja Krishnamoorthi (D-Ill.) wrote in a letter to the US Department of Agriculture last week that “no child should lose access to breakfast or lunch at school because a parent was unable to satisfy a new bureaucratic requirement for food assistance.”

    “And no school should be forced to jeopardize its meal program because federal policy has made it harder to identify children who qualify for assistance,” Krishnamoorthi added.

    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    Donald Trump sings and dances, says that it's fun to kill everyone ... unless he gets distracted or falls asleep.
    Donald Trump sings and dances, says that it’s fun to kill everyone … unless he gets distracted or falls asleep.

  • New Proposal From Trump SEC ‘Makes Buying Politicians Great Again,’ Watchdog Warns

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    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    US President Donald Trump speaks with Securities and Exchange Commission Chairman Paul Atkins during a meeting on August 19, 2026. (Photo by Jim Watson/AFP via Getty Images)

    “Donald Trump and his administration are rigging our markets to work for the wealthy and well-connected while working people pay the price.”

    The US Securities and Exchange Commission on Thursday proposed axing anti-corruption rules designed to prevent investment advisers from using political donations to obtain business from public pension funds.

    Finance industry watchdogs and Democratic lawmakers warned the SEC’s proposal would potentially harm Americans’ retirement accounts and further boost corruption in the federal government, where graft has become increasingly common and overt under the leadership of billionaire President Donald Trump. Better Markets said the SEC’s plan to rescind the agency’s longstanding “pay to-play” regulations “makes buying politicians great again.”

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    “SEC Chair Paul Atkins has yet to meet a rule he does not want to rescind,” said Benjamin Schiffrin, director of securities policy at Better Markets. “He has the SEC proposing to rescind a rule that prevents so-called ‘pay-to-play’ practices by investment advisers, where advisers make political contributions to government officials in the hopes that those officials will select them for the lucrative assignment of managing public pension funds and other government assets.”

    “Chair Atkins says the SEC is proposing to rescind the rule because it ‘has effectively resulted in the suppression of political speech.’ Not so,” added Schiffrin. “It has resulted in the suppression of corruption. The rule was intended to, and does, ‘combat pay to play arrangements in which advisers are chosen based on their campaign contributions to political officials rather than on merit.’ Chair Atkins apparently believes that such arrangements should be promoted.”

    The SEC’s “pay-to-play” rules, enacted in 2010, barred investment advisers from providing paid services to government clients for at least two years after making a political contribution to an elected official or candidate.

    The Trump SEC’s proposal will face a 60-day public comment period once it is published in the Federal Register.

    The Lever’s Katya Schwenk and Freddy Brewster noted Friday that “after years of relatively weak enforcement, Biden’s SEC brought several charges against investment advisers for violating the pay-to-play rule in 2023 and 2024.” For example, the Biden SEC charged Obra Capital Management for “continuing to provide investment advisory services for compensation from a government entity following a campaign contribution made by an associate to an elected official with influence over selecting investment advisers for the government entity.”

    “Since Trump came to office, the pay-to-play rule has been the subject of lobbying by financial powerhouses that are invested in public pension funds,” Schwenk and Brewster reported. “BlackRock Funds Services Group, LLC, a subsidiary of the world’s largest asset manager BlackRock, Inc., spent more than $1.5 million in 2025 lobbying the SEC, Congress, the White House, and other regulators on the pay-to-play rule, among other matters, disclosures show.”

    Sen. Elizabeth Warren (D-Mass.), the top Democrat on the Senate Banking Committee, said in a statement Thursday that the rules targeted by Trump’s SEC prevent “elected officials from rewarding wealthy campaign donors with lucrative contracts to advise government investments.”

    The proposed rollback, said Warren, represents “another example of how Donald Trump and his administration are rigging our markets to work for the wealthy and well-connected while working people pay the price.”

    Article by Jake Johnson republished from Common Dreams under under Creative Commons (CC BY-NC-ND 3.0). 

    Orcas discuss Donald Trump and the killer apes' concept of democracy. Front Orca warns that Trump is crashing his country's economy and that everything he does he does for the fantastically wealthy.
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  • Who funds Reform? Farage’s party bags £15m from crypto and finance donors

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    Article by Ethan Shone republished from OpenDemocracy under a Creative Commons Attribution-NonCommercial 4.0 International licence.

    Darren Staples/Bloomberg via Getty Images

    Reform has accepted more large donations than any other party in 2026, despite mounting funding scandals, new data shows

    Nigel Farage’s party received large donations totalling almost £15m in the first six months of this year, according to Electoral Commission records, including millions of pounds from a crypto billionaire who was pardoned by Donald Trump last year. 

    Reform’s fundraising operations continue to prove highly effective in spite of its ongoing scandals. The party is amassing a massive financial war chest ahead of the next general election, which many in Westminster believe could take place as soon as next autumn.

    The latest donations data comes as Reform suspends two senior aides pending an investigation, after an undercover sting exposed their alleged role in facilitating secret donations, including from impermissible donors overseas. Rival parties said they have reported Reform to the police, while the Electoral Commission said it is “considering all relevant information” and is “in touch with the Met Police”. Reform has denied any wrongdoing.

    The events have overshadowed the party’s conference in Birmingham this weekend, and are the latest in a series of scandals the party has faced over its funding this year. In July, openDemocracy travelled to Montenegro to investigate the lives and business interests of key Reform allies and donors, including ‘Posh George’ Cottrell and billionaire crypto investor Christopher Harborne, in the glamorous coastal resort of Tivat.

    At the same time, a number of news reports raised serious questions about Cottrell and Farage, after The Sunday Times reported the Clacton MP had failed to disclose in-kind support from the 32-year-old convicted fraudster. The allegations led to calls for an investigation by parliamentary authorities, which were already probing a £5m gift that Farage allegedly failed to declare having received from Harborne.

    Reform’s crypto funding

    The latest data shows Reform continues to bring in significantly more from large donations than the other parties: £5.3m in the second quarter of 2026, compared to £3.6m for Labour and £2.8m for the Conservatives. 

    That brings the party’s total donations this year to almost £15m, meaning it has accepted almost twice as much as Labour (£8m) and more than double the Conservatives (£7m).

    Reform receives the vast majority of its funding from a small number of high-value donors, with Harborne, a crypto investor based in Thailand, by far the party’s most significant donor to date. 

    Now, the party has added another crypto billionaire with offshore links to its ranks of mega donors; Sheffield-born Ben Delo gave the party £4m in April, following two £2m donations in January and March. 

    British crypto entrepreneur Delo has rapidly become one of Reform UK’s largest individual donors, having given the party £8m across the first half of 2026 – £4m in each quarter. If he continues this trend throughout the rest of the year, he could surpass Harborne’s current total.  

    Delo is one of many Reform donors with strong interests in the crypto sector. He was a software engineer at IBM and later built high-frequency trading systems at JPMorgan and GSA Capital in Hong Kong, before co-founding cryptocurrency derivatives exchange BitMEX. In 2020, US federal authorities charged the BitMEX founders with violating the Bank Secrecy Act over inadequate anti-money-laundering controls; Delo pleaded guilty in 2022, paid a $10m penalty and served 30 months’ probation, which ended in December 2024. Trump pardoned him in March 2025.

    Delo’s latest donations come after the government imposed a £100,000 cap on donations from overseas residents in March 2026. At the time, Delo said he would move back to the UK to sidestep the restriction, and he has reportedly signalled plans to keep funding the party from Britain going forward. 

    Big finance and former Tories

    Reform also continues to add new donors with interests in the financial sector. Over the past year, senior figures in the party have engaged with lobbyists in the City of London, seeking both policy ideas and financial support. 

    Lucas Bitencourt, a young finance entrepreneur, gave the party £100,000, while private equity firm Bryden Capital gave £50,000 and a Jersey financial adviser who works with “the world’s first bitcoin investment fund” gave £25,000. 

    A Scottish corporate lawyer specialising in private equity and technology continues to provide funding, giving £100,000 in May. He has now given the party £300,000 in total. 

    An investment firm linked to Chelsea owner Todd Boehly – a significant donor to conservative politics in the US – also gave the party £75,000. 

    Robert Jenrick, Reform’s Treasury spokesman, also received a significant donation after defecting to the party from the Conservatives. Jenrick received £50,000 from a donor with ties to financial services and crypto, Michael Cohen of Capital Group, an investment firm that the Wall Street Journal last year reported was “ploughing billions into crypto”.

    Three former Tory donors continue to make up a significant portion of Reform’s funding base: Bassim Haidar, Johan Christofferson and Roger Nagioff all contributed six-figure sums in recent months and have now given over a million between them since the last election. Excluding Harborne, who gave Boris Johnson £1m in 2022, former Tory donors have given Reform over £3m since the 2024 vote. 

    Article by Ethan Shone republished from OpenDemocracy under a Creative Commons Attribution-NonCommercial 4.0 International licence.

    Nigel Farage is scathing at the £250,000 cost to the taxpayer of his unnecessary and ridiculous Clacton-on-Sea election campaign that he caused to avoid scrutiny and acccountability for the £5MILLION 'gift' that he didn't declare.
    Nigel Farage is scathing at the £250,000 cost to the taxpayer of his unnecessary and ridiculous Clacton-on-Sea election campaign that he caused to avoid scrutiny and acccountability for the £5MILLION ‘gift’ that he didn’t declare.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.
    Nigel Farage admits to being a whore willing to do anything for someone with a big fat wallet and asks whether drinking pints and smoking fags is not enough for the stupid plebs.
    Nigel Farage admits to being a whore willing to do anything for someone with a big fat wallet and asks whether drinking pints and smoking fags is not enough for the stupid plebs.