How Venezuela poses an “unusual and extraordinary threat” to the US agenda

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Original article by Celina della Croce republished from peoples dispatch under a Creative Commons Attribution-ShareAlike 4.0 (CC BY-SA) license.

Las abuelas del Panal (The Grandmothers of the Panal, a commune in Caracas) dance as part of their regular exercise class. Photo: Celina della Croce

Unlike social democratic projects in the West, Venezuela’s Bolivarian Revolution has set out to fundamentally transform society and build a socialist project rooted in class struggle and run by its people.

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US President Donald Trump has not shied away from admitting his thirst for Venezuelan oil. On December 16, 2025, in the leadup to the January 3 bombing of Caracas and kidnapping of the country’s president and first lady, Nicolás Maduro and Cilia Flores, he claimed ownership over Venezuela resources, stating that “America will not … allow a hostile regime to take our Oil, Land, or any other Assets, all of which must be returned to the United States, IMMEDIATELY”. In his previous administration, he echoed the same obsession with resource-driven regime change, decrying in June 2023 that “When I left [office], Venezuela was ready to collapse. We would have taken it over. We would have gotten all that oil. It would have been right next door.” Yet Venezuela is not only home to the world’s largest known oil reserve, but also the continent’s largest gold reserves and an ample supply of bauxite, diamonds, iron ore, nickel, and coal … And, not least of all, hope.

Trouble at home

Within his own borders, Trump faces heightened civil unrest, with over 100,000 people in Minneapolis alone taking to the streets (roughly a quarter of the city’s population) during a January 23 general strike (an action that has not been seen on this scale for decades) and again during a January 30 nationwide shutdown. Similar uprisings have spread across the country, from Los Angeles to New York, following ICE’s murder of Renée Good and Alex Pretti. This massive outpouring follows a year of discontent and marches decrying Trump’s anti-immigrant, anti-poor policies.

The escalation of ICE’s tactics under the Trump administration has cost US taxpayers, reaching an all-time high of 85 billion USD in allocated funds (compared to annual spending that has hovered around 10 billion USD or less for the past decade). Much of these funds go to benefit private corporations: for instance, 86% of detainees are held in private, for-profit prisons (whose stocks skyrocketed as a result of Trump’s election and subsequent policies), and the cost of deportation flights, also run by private companies, is astronomically higher than commercial flights (the per-person cost of a deportation flight from El Paso to Guatemala, for example, is USD 4,675—five times higher than a commercial first-class ticket for the same route). At the same time, Trump’s administration has slashed social spending, with a 186-billion USD reduction to Supplemental Nutrition Assistance Program (SNAP) benefits alone (a program that, up to that point, helped 1 in 8 people in the US with the basic provision of food).

In the United States, and the West in general, there is a deep-seated narrative that this is just the way things are. Perhaps we can tone back the violence – swap out a Donald Trump for a Joe Biden who is more cautious with his tactics and open to mild concessions but no less interested in protecting capitalist profits at all costs. Even key figures in Trump’s own party, from Senators Josh Hawley (R-MO) and Todd Young (R-IN) to Trump’s former Vice President Mike Pence, have sought to distance themselves from his extreme tactics and distaste for liberal democracy (a general audacity that risks backfiring lest it create sufficient dissent and turmoil to provoke a mass uprising and turn to the left). Yet neither party is willing to allow anything further than a meek liberal democracy beholden to the interest of a small but powerful elite, at most with enough provisions to keep the general population at bay.

Venezuela’s break with the end of history

The US population, like much of the world, has been told, time and time again, that History has ended. We may be able to eke out higher wages, and certainly demand that the heightened assault on liberal democracy through ICE and the openly fascistic declarations by Donald Trump be brought under control, but anything beyond that is painted as impractical at best, and perilous at worst. Just look at the Soviet Union, we are told – it just doesn’t work. Socialism sounds nice, but look at the suffering in Venezuela and Cuba. You don’t want that, do you?

Yet this way of understanding the past, present, and future not only seeks to protect the interests of capital, tricking many working-class people into betraying their own interests, but is wildly inaccurate through both omission and outright lies. And it seeks to cover up another extraordinary resource that Venezuela represents: a living example of hope, of unmovable dignity, of the success of a revolution that has not only brought a population out of extreme poverty but has lifted up its confidence and consciousness. In a country under extreme siege by more than 1,000 US-led unilateral coercive measures, there are nonetheless a fraction of the amount of homeless people in the US (where there are roughly 28 vacant homes to every 1 homeless person).

At the height of the crisis in Venezuela, as Trump ramped up his maximum pressure campaign40,000 Venezuelans died in a single year (2017-2018) due to the lack of medicines and healthcare that had previously been provided freely to the population. Even then, the vast majority of Venezuelans have continued to fight to defend not only their right to self-determination, but also to revolution and transformation. What exactly are the Venezuelan people fighting for that the US government tries so hard to cover up? What is the source of resiliency and loyalty to the Bolivarian Revolution, despite the tremendous human cost of US-led efforts to overthrow it? And, what is the “unusual and extraordinary threat” that Venezuela poses to the US – as then President Barack Obama decreed in a 2015 executive order that paved the way for the economic siege?

The Venezuelan “threat”

When President Hugo Chávez came to power in 1999, a revolutionary process began that would set out to repay the “social debt” owed to the Venezuelan people, beginning by dedicating 75% of national spending to social investment – funds, importantly, generated by the country’s historically predominant oil sector. Through missions that began the year Chávez was elected, the country elevated its population out of poverty and illiteracy, reaching a 100% literacy rate, with more than three million people learning how to read and write (Mission Robinson); training 6,000 professionals in universities and graduating one million high school students (Mission Sucre); granting nearly 5 million homes to families across the country (Mission Vivienda); building health clinics in 320 of Venezuela’s 355 municipalities (Mission Barrio Adentro); and restoring the eyesight of some 300,000 Venezuelans while providing eye surgery to 1 million (Mission Milagro).

President Nicolás Maduro has continued this legacy, despite the duress imposed by the US-led unilateral coercive measures imposed in the years following Chávez’s death, ensuring not only that the country’s resources benefit the well-being of the majority, but also that power is given back to the people through a model of direct democracy. Weeks before he was kidnapped, for instance, Maduro convened the Constitutional Congress of the Working Class, the culmination of 22,110 assemblies in workplaces across the country in which delegates debated and made proposals to the president about the future of the country’s labor sector and productive processes, such as strengthening domestic production of machinery components in order to reduce external technological dependency. Aprobada (“approved”), Maduro told delegate María Alejandra Grimán Rondón as she presented him with the conclusions of the congress in front of a packed auditorium; for another proposal, “the method still needs to be refined”, he replied, outlining next steps for further debate. Furthermore, communes (grassroots organizations at the heart of Venezuela’s direct democracy through which communities exercise self-governance) have engaged in quarterly national consults since 2024, with millions voting on the allocation of government funding for thousands of projects that most need attention in their communities, from updating medical equipment in their local health clinics to investing in water filtration supplies to ensure access to potable water.

Read more: One month after the attack on Venezuela: the resurgence of imperialist “diplomacy”

Both of these processes are part of a model of direct democracy that, in the 27 years of the Bolivarian Revolution, has held 31 elections, carried out constitutional reform, and created structures for everyday people to make direct decisions about the path of the country. In short, while the accomplishments of the revolution are far too numerous to list here, at their core is a people who have reclaimed their dignity, taken control of their future, and made the irreversible decision to stand upright.

 Fruto Vivas Recycling School, Venezuela
Members of the Fruto Vivas Recycling School (Escuela de Reciclaje Fruto Vivas) in Barcelona, Anzoátegui, assemble a playground with materials they produced from recycled plastic. Members of the school collect the plastic, sort it, melt it, and then mold it into the pieces required to build a given product based on the needs of the community as well as other paid contracts which generate funds to continue the school’s work. Photo: Celina della Croce

Unlike social democratic projects in the West, Venezuela’s Bolivarian Revolution has set out to fundamentally transform society and build a socialist project rooted in class struggle and run by its people. That means that the social advances are also tied to a process of raising consciousness among the population, whereby people become the protagonists of their own struggle in a process that ultimately seeks to give them the power and tools to run the country, replacing the bourgeois state with a communal one. In this system, decisions are made by the population which is organized into communes and various social and political movements across the country. Through these processes, people learn how to run productive processes, from coffee to construction materials, and be effective owners of their own means of production; how to engage in popular decision-making processes across thousands of households; run communications teams; carry out education programs; identify, prioritize, and fix issues in their communities; and other elements that are necessary for a productive society that prioritizes the well-being of its people. All of this is done in line with core principals such as protecting the planet (with some communes collecting recyclable plastics and turning them into playgrounds, benches and chairs for the elderly and schoolchildren, and other needs expressed by the community) and centering the leadership and rights of women and marginalized sectors.

What does the future hold for the nobodies?

This dynamic process is a continuation of the path set out by Chávez, one that called upon the “nobodies” to be the makers of their own destiny. These “nobodies” (today the protagonists of one of the world’s most resilient and equitable democracies) have shown, time and time again, that they will not sacrifice their dignity nor sovereignty at any cost, no matter how severe the threat. This example is no less valuable a resource than the country’s oil, nor any less of a threat to the Trump regime and US agenda at large. The example set by the Bolivarian Revolution and its people creates a fissure in the narrative that the US (and the world) population must make the best of what we have, go to work every day with our heads down and spirits crushed, and forfeit our dreams of a better world. It opens a window for the nobodies of the world (and especially of the US) to see that on the other side of events like the mass uprisings sweeping the country, they, too, could live in a society where the wealth that they themselves generate is reinvested into the common good rather than paying for bombs and lining the pockets of the few.

Read more: Venezuela and Iran: oil and survival

Celina della Croce is a writer, editor, and the publications director of Tricontinental: Institute for Social Research. She has been an organizer and leader in internationalist, anti-imperialist, and working-class struggles in the United States for over a decade.

This article was produced by Globetrotter.

Original article by Celina della Croce republished from peoples dispatch under a Creative Commons Attribution-ShareAlike 4.0 (CC BY-SA) license.

Donald Fuhrump says that Amerikkka doesn't bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
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Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Continue ReadingHow Venezuela poses an “unusual and extraordinary threat” to the US agenda

Global economy must move past GDP to avoid planetary disaster, warns UN chief

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https://www.theguardian.com/environment/2026/feb/09/global-economy-transformed-humanity-future-un-chief-antonio-guterres

[Guardian] Exclusive: António Guterres says world’s accounting systems should place true value on the environment

António Guterres called for economies to ‘move beyond GDP’ as a measure of economic and societal success. Photograph: Eduardo Muñoz/Reuters

The global economy must be radically transformed to stop it rewarding pollution and waste, UN secretary general António Guterres has warned.

Speaking to the Guardian after the UN hosted a meeting of leading global economists, Guterres said humanity’s future required the urgent overhaul of the world’s “existing accounting systems” he said were driving the planet to the brink of disaster.

“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and wellbeing. Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP.”

For decades, politicians and policymakers have prioritised growth – as measured by GDP – as the overarching economic goal.

But critics argue that endless, indiscriminate growth on a planet with finite resources is driving not only the climate and nature crisis but increasing inequality.

Guterres said: “Moving beyond gross domestic product is about measuring the things that really matter to people and their communities. GDP tells us the cost of everything, and the value of nothing. Our world is not a gigantic corporation. Financial decisions should be based on more than a snapshot of profit and loss.”

In January, the UN held a conference in Geneva titled Beyond GDP attended by senior economists from around the world – including Nobel laureate Joseph Stiglitz, leading Indian economist Kaushik Basu and equity expert Nora Lustig.

The trio are part of a group set up by Guterres that has been tasked with devising a new dashboard of measures of economic success that takes “human wellbeing, sustainability and equity” into account.

report published by the group late last year argued that, as the world wrestled with repeated global shocks over the past two decades, the need for an economic transformation had become increasingly urgent – from the financial crash of 2008 to the Covid-19 pandemic.

It said those events were exacerbated by the “triple planetary crisis of climate change, biodiversity loss, and pollution” and, in addition, warned that rapid technological change was upending labour markets and exacerbating growing inequality.

See the original article at https://www.theguardian.com/environment/2026/feb/09/global-economy-transformed-humanity-future-un-chief-antonio-guterres

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Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
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Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Continue ReadingGlobal economy must move past GDP to avoid planetary disaster, warns UN chief

‘Awful News for Due Process’ as Court Backs Trump’s Mass Immigrant Detention

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Original article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Detainees are seen at ICE’s Krome Detention Center in Miami in this July 4, 2025 photo. (Photo by Alon Skuy/Getty Images)

“This decision will wipe out the availability of release through bond for tens of thousands of people,” one critic noted.

A divided federal appellate panel ruled Friday in favor of the Trump administration’s policy of locking up most undocumented immigrants without bond, a decision that legal experts called a serious blow to due process.

A three-judge panel of the right-wing 5th US Circuit Court of Appeals in New Orleans ruled 2-1 that President Donald Trump’s reversal of three decades of practice by previous administrations is legally sound under the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (IIRIRA). The ruling reverses two lower court orders.

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“The text [of the IIRIRA] says what it says, regardless of the decisions of prior administrations,” Judge Edith Jones—an appointee of former President Ronald Reagan—wrote for the majority. “That prior administrations decided to use less than their full enforcement authority… does not mean they lacked the authority to do more.”

Writing in dissent, Judge Dana M. Douglas, who was appointed by former President Joe Biden, asserted that “the Congress that passed IIRIRA would be surprised to learn it had also required the detention without bond of two million people. For almost 30 years there was no sign anyone thought it had done so, and nothing in the congressional record or the history of the statute’s enforcement suggests that it did.”

This is a very, very bad decision from one of the two Reagan judges left on the Fifth Circuit, joined by one of the two most extreme Trump appointees on the court.And, it is about the issue I walked through at Law Dork earlier this week, in the context of Minnesota: www.lawdork.com/i/186796727/…

Chris Geidner (@chrisgeidner.bsky.social) 2026-02-07T02:50:47.820Z

“Nonetheless, the government today asserts the authority and mandate to detain millions of noncitizens in the interior, some of them present here for decades, on the same terms as if they were apprehended at the border,” Douglas added. “No matter that this newly discovered mandate arrives without historical precedent, and in the teeth of one of the core distinctions of immigration law. The overwhelming majority elsewhere have recognized that the government’s position is totally unsupported.”

Past administration generally allowed unauthorized immigrants who had lived in the United States for years to attend bond hearings, at which they had a chance to argue before immigration judges that they posed no flight risk and should be permitted to contest their deportation without detention.

Mandatory detention by US Immigration and Customs Enforcement (ICE) was generally reserved for convicted criminals or people who recently entered the country illegally.

However, the Trump administration contends that anyone who entered the United States without authorization at any time can be detained pending deportation, with limited discretionary exceptions for humanitarian or public interest cases. As a result, immigrants who have lived in the US for years or even decades are being detained indefinitely, even if they have no criminal records.

According to a POLITICO analysis, more than 360 judges across the country—including dozens of Trump appointees—have rejected the administration’s interpretation of ICE’s detention power, while just 26 sided with the administration.

While US Attorney General Pam Bondi hailed Friday’s ruling as a “significant blow against activist judges who have been undermining our efforts to make America safe again at every turn,” some legal experts said the decision erodes constitutional rights.

“AWFUL news for due process,” American Immigration Council senior fellow Aaron Reichlin-Melnick said on social media in response to Friday’s ruling. “This decision will wipe out the availability of release through bond for tens of thousands of people detained in or transported to Texas, Louisiana, and Mississippi by ICE.”

While Friday’s ruling only applies to those three states, which fall under the 5th Circuit Court’s jurisdiction, there are numerous legal challenges to the administration’s detention policy in courts across the country.

Original article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

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Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
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Continue Reading‘Awful News for Due Process’ as Court Backs Trump’s Mass Immigrant Detention

‘There Was Never a Wall’: Man Beaten Nearly to Death by ICE Refutes Self-Harm Claim

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Original article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Alberto Castañeda Mondragón suffered a shattered skull during an arrest by US Immigration and Customs Enforcement agents last month in Minneapolis. (Photo by Alberto Castañeda Mondragón/GoFundMe)

“They were very racist people,” Alberto Castañeda Mondragón said of his ICE attackers. “No one insulted them… It was their character, their racism toward us, for being immigrants.”

A Mexican man beaten within an inch of his life last month by US Immigration and Customs Enforcement agents is on the mend and on Saturday spoke out to refute what one nurse called the agency’s “laughable” claim that his injuries—which include a skull shattered in eight places and five brain hemorrhages—were self-inflicted.

Alberto Castañeda Mondragón told the Associated Press that ICE agents pulled him from a friend’s car outside a shopping center in St. Paul, Minnesota—where the Trump administration’s ongoing Operation Metro Surge has left two people dead and thousands arrested—on January 8.

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The 31-year-old father was thrown to the ground, handcuffed, and then savagely assaulted with fists and a steel baton.

“They started beating me right away when they arrested me,” he said.

Castañeda Mondragón was then dragged into an SUV and taken to a holding facility at Ft. Snelling in suburban Minneapolis where he says he was beaten again. He said he pleaded with his attackers to stop, but they just “laughed at me and hit me again.”

“They were very racist people,” he said. “No one insulted them, neither me nor the other person they detained me with. It was their character, their racism toward us, for being immigrants.”

Castañeda Mondragón was taken to the emergency room at Hennepin County Medical Center (HCMC) suffering from eight skull fractures, five life-threatening brain hemorrhages, and multiple broken facial bones.

ICE agents told HCMC nurses that Castañeda Mondragón “purposefully ran headfirst into a brick wall,” a claim his caretakers immediately doubted. A CT scan revealed fractures to the front, back, and both sides of his skull—injuries inconsistent with running into a wall.

“It was laughable, if there was something to laugh about,” one of the nurses told the AP last month on the condition of anonymity. “There was no way this person ran headfirst into a wall.”

“There was never a wall,” Castañeda Mondragón insisted.

Castañeda Mondragón was hospitalized for nearly three weeks. During the first week, he was minimally responsive, disoriented, and heavily sedated. His memory was damaged by the beating—he said he could not initially remember that he had a daughter—and he could not bathe himself after he was discharged from the hospital.

In addition to facing a long road to recovery, Castañeda Mondragón, who has been employed as a driver and a roofer, has been relying upon support from co-workers and his community for food, housing, and healthcare, as he is unable to work and has no health insurance. A GoFundMe page has been launched to solicit donations “for covering medical care and living expenses until he can begin working again.”

“I don’t know why ICE did this to me,” Castañeda Mondragón said in translated remarks on the page. “They did not detain me after the hospital, I am not a criminal, and the doctors say they were untruthful about how the injuries occurred. But I prefer not to fight, I only want to recover, pay my bills, and go back to work.”

On January 23, US District Judge Donovan W. Frank ruled that ICE was unlawfully detaining Castañeda Mondragón and ordered his immediate release.

Frank’s ruling noted that “ICE agents have largely refused to provide information about the cause of [Castañeda Mondragón’s] condition to hospital staff and counsel for [him], stating only that ‘he got his shit rocked’ and that he ran headfirst into a brick wall.”

The ruling also stated that “despite requests by hospital staff, ICE agents have refused to leave the hospital, asserting that [Castañeda Mondragón] is under ICE custody.”

“Two agents have been present at the hospital at all times since January 8, 2026,” the document continues. “ICE agents used handcuffs to shackle [Castañeda Mondragón’s] legs, despite requests from HCMC staff that he not be so restrained. Petitioner is now confined by hospital-issued four-point restraints in an apparent compromise between the providers and agents.”

“Prior to this case, ICE had not provided any explanation for [Castañeda Mondragón’s] arrest or continued detention,” Frank added.

Castañeda Mondragón legally entered the United States in 2022 but reportedly overstayed his visa.

Castañeda Mondragón’s arrest came a day after ICE agent Jonathan Ross shot and killed 37-year-old legal observer Renee Good in Minneapolis. Seventeen days later, Customs and Border Protection officers fatally shot nurse Alex Pretti, who was also 37, in South Minneapolis after disarming him of a legally carried handgun.

The Department of Homeland Security has not announced any investigation into the attack on Castañeda Mondragón, sparking criticism from civil rights advocates and some Democratic elected officials.

Castañeda Mondragón told the AP that he considers himself lucky.

“It’s immense luck to have survived, to be able to be in this country again, to be able to heal, and to try to move forward,” he said. “For me, it’s the best luck in the world.”

But he suffers nightmares that ICE is coming for him.

“You’re left with the nightmare of going to work and being stopped,” Castañeda Mondragón said, “or that you’re buying your food somewhere, your lunch, and they show up and stop you again. They hit you.”

Original article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Donald Fuhrump says that Amerikkka doesn't bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
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Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
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Continue Reading‘There Was Never a Wall’: Man Beaten Nearly to Death by ICE Refutes Self-Harm Claim

Trump-GOP Law Slashes Amazon’s Tax Bill by 87% as Company Fires 30,000 Workers, Profits Soar

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

Jeff Bezos, founder and executive chairman of Amazon, speaks during an event on November 6, 2025 in Miami, Florida.(Photo by Alexander Tamargo/Getty Images for America Business Forum)

“Congress made a choice: cut assistance for the most vulnerable to double down on a tax code already favoring dominant firms,” said one progressive think tank.

The tax law that congressional Republicans and US President Donald Trump enacted last summer has proved to be a massive boon for Amazon, slashing the corporate behemoth’s 2025 tax bill even as its profits surged and it moved ahead with mass layoffs that have cost 30,000 workers their jobs since October.

Citing a new securities filing, the Wall Street Journal reported Friday that Amazon’s “current US taxes, an accounting measure of taxes incurred last year, declined to $1.2 billion from $9 billion” while the company’s “pretax US profit increased by 44.5%, to $89.5 billion. On a cash basis, the company paid $2.8 billion in federal income taxes last year after paying more than $7 billion in each of the prior two years.”

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The 87% decline in Amazon’s federal tax bill for 2025 was largely attributable to the One Big Beautiful Bill Act’s corporate-friendly depreciation tax breaks.

The new securities filing comes just days after Amazon confirmed it axed 16,000 corporate jobs as part of what’s believed to be a sweeping effort to replace workers with robots and artificial intelligence models in the coming years.

The Roosevelt Institute, a progressive think tank, noted that the tax benefits that Amazon and other giant corporations are raking in “didn’t come free.”

“The same law slashed Medicaid and the [Affordable Care Act] and is now exacerbating our medical debt crisis,” the organization wrote on social media. “Congress made a choice: cut assistance for the most vulnerable to double down on a tax code already favoring dominant firms.”

In a statement on Friday, Amazon—founded by billionaire Jeff Bezos—said its dramatically lower tax bill “reflects… changes by Congress” purportedly aimed at encouraging “greater investment in the American economy, its innovation, and its workers.”

The Institute on Taxation and Economic Policy (ITEP) noted Friday that Amazon is one of four companies that “have now disclosed that they collectively received $51 billion in federal tax breaks in 2025, much of that likely from the so-called One Big Beautiful Bill Act (OBBBA) that was signed into law by Trump over the summer.”

“The annual financial reports recently released by Amazon, Alphabet, Meta, and Tesla disclose that these corporations collectively reported $315 billion in US profits for 2025, and collectively paid just 4.9% of that amount in federal corporate income taxes—with Tesla paying exactly zero,” wrote ITEP’s Matthew Gardner. “That amounts to a collective tax savings of $51 billion last year for these four giant multinational corporations, versus what they would have paid if they paid the full 21% federal corporate income tax rate.”

“ Tax cuts pushed through by the Trump administration last year and in 2017 have made it possible for the fastest-growing companies in the world to pay record-low federal income tax rates on their income,” Gardner added. “The tax avoidance of these four companies alone blew a $51 billion hole in the federal budget last year, and this is likely just the tip of the iceberg.”

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

Donald Fuhrump says that Amerikkka doesn't bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
Donald Fuhrump says that Amerikkka doesn’t bother with crimes or charges anymore, not being 100% Amerikkkan and opposing his real estate intentions is enough.
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Continue ReadingTrump-GOP Law Slashes Amazon’s Tax Bill by 87% as Company Fires 30,000 Workers, Profits Soar