Former President Donald Trump’s huge May fundraising haul erased President Joe Biden’s longstanding cash advantage as the two gear up for a rematch. Trump’s campaign had $116.6 million in the bank at the end of May, compared to $91.6 million for Biden. It wasn’t due to poor fundraising on the incumbent’s part — Biden’s campaign saw a decent fundraising rebound in May after a weak showing the month prior. But Trump’s fundraising while he was on trial in New York that month, ...

The Supreme Court on Thursday upheld a provision of the Trump tax cuts that taxed American shareholders of U.S.-controlled foreign companies on otherwise untaxed company earnings. The case, Moore v. United States, generated interest for the potential implications it would have for a wealth tax — specifically, one based on taxing investment gains that have not yet been realized. Ultimately, the Supreme Court punted on this question, describing its decision as “narrow”...

Former President Trump and his allies are laying the foundation to dismiss a strong debate performance by President Biden as a charade. Trump and other conservatives have in recent days floated the baseless claim that if Biden does well at next week’s debate in Atlanta, it will be because he’s using some kind of performance enhancer.  The claims echo a similar strategy Trump and others used to downplay Biden’s well-received State of the Union speech earlier in the year...

In these polarized times, I’ve decided to do something that may sound crazy. I’m going to watch next week’s CNN debate between President Joe Biden and former President Donald Trump with several hundred Republicans, Democrats and independents. In one room. Together. What could possibly go wrong? As Americans, we’ve lost, it seems, the ability to talk with one another. From our social media feeds to family dinners to town hall meetings to college campuses, we lecture when we should listen....

Former President Donald Trump raised so much in May he erased President Joe Biden’s longstanding cash advantage, according to the most recent campaign finance filings with the Federal Election Commission. According to the filings, the Trump campaign and the Republican National Committee raised $141 million in May. A “significant surge” came in the last two days of the month, after Trump was convicted by a New York City jury on falsifying business records, according to Politico. And...

Donald Trump continues his legal assault Friday on the criminal case accusing the former U.S. president of mishandling classified documents after leaving the White House, when his lawyers challenge the appointment of the prosecutor in the case. Trump's lawyers during three days of hearings are also expected to argue against imposing a gag order on the Republican presidential candidate over his baseless claim that a standard FBI use-of-force policy included in papers related to the...

Fundraising ability will be a key factor in former President Trump's choice for his running mate, Republican sources tell Axios. Whoever Trump picks, raising cash will be one of the would-be VP's top assignments for the rest of the campaign. Clicking with Trump, and skill on TV, remain essential prerequisites. And although the campaign has received waves of donations since Trump was convicted, money is still a priority. That helps explain why several of the top contenders to be...

It’s difficult to concisely summarize the Supreme Court’s Thursday decision in Moore v. United States, which rejects a challenge to a one-time federal tax targeting some investors in foreign corporations. But the bottom line is that Moore is bad news for anyone hoping that the Supreme Court would launch a comprehensive attack on the federal government’s ability to raise taxes.  Nevertheless, the decision is still excellent news for billionaires.

he Supreme Court declined to overturn a tax policy Thursday that critics warned could have had broad implications on federal tax policy and the U.S. economy, ruling against a couple who claimed they should not have been taxed on money they invested but hadn't made a profit on. After being taxed on an investment they had in an Indian company, couple Charles and Kathleen Moore asked the Supreme Court to overturn what’s known as the “mandatory repatriation tax” (MRT), a provision of...

A masterpiece... The post Paul McCartney’s finest work with Wings, according to wife Linda first appeared on Far Out Magazine.