The president plans to raise taxes on billionaires and giant corporations to help fund more affordable housing and childcare, while keeping taxes the same for those earning under $400,000 per year. With the 2024 presidential election less than five months away, President Joe Biden and former president Donald Trump have been busy highlighting their tax … Read more
Donald Trump was found guilty of falsifying business records and plans to appeal the verdict after his sentencing on July 11. The charge carries a maximum sentence of four years in prison, but Trump’s public criticism during the trial could lead to a tougher penalty. Despite the conviction, Trump is still running for president in the 2024 election and faces three other criminal prosecutions. The guilty verdict prompted him to intensify deliberations on selecting a woman as his vice presidential running mate. National opinion polls show a tight race between Trump and Joe Biden, with some Republican voters expressing continued support for Trump while others are considering voting for Democrats. The verdict led to an increase in campaign donations for Trump, and some major Republican donors plan to continue supporting his campaign. The jury found Trump guilty of falsifying business documents based on explicit testimony from Stormy Daniels and Michael Cohen. If elected, Trump could potentially shut down federal cases against him related to overturning the 2020 election loss and mishandling classified documents.
Donald Trump allegedly offered Big Oil executives 0 billion in tax breaks if they donated billion to his campaign. Congressional Democrats are investigating this potential quid pro quo deal. Joe Biden plans to eliminate these tax breaks for the oil and gas industry if elected. The fossil fuel industry is lobbying to maintain these tax breaks, which are set to expire next year. Some attendees at Trump’s fundraising dinner at Mar-a-Lago included executives of smaller oil companies focused on fracking and gas exporting. The event was also attended by individuals with controversial backgrounds in the oil and gas industry.