How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy; The New York Times, November 8, 2025

Jesse Drucker, The New York Times ; How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

"With little public scrutiny, the Trump administration is handing out hundreds of billions of dollars in tax cuts to some of the country’s most profitable companies and wealthiest investors.

The Treasury Department and Internal Revenue Service, through a series of new notices and proposed regulations, are giving breaks to giant private equity firms, crypto companies, foreign real estate investors, insurance providers and a variety of multinational corporations.

The primary target: The administration is rapidly gutting a 2022 law intended to ensure that a sliver of the country’s most profitable corporations pay at least some federal income tax. The provision, the corporate alternative minimum tax, was passed by Democrats and signed into law by President Joseph R. Biden Jr. It sought to stop corporations like Microsoft, Amazon and Johnson & Johnson from being able to report big profits to shareholders yet low tax liabilities to the federal government. It was projected to raise $222 billion over a decade.

But the succession of notices the Treasury and I.R.S. have issued beginning this summer means the tax could bring in a fraction of that."

The Tull Family Foundation donated a large sum of money and over 1,300 pounds of meat and produce to the Greater Pittsburgh Community Food Bank; The Pittsburgh Post-Gazette, November 7, 2025

LINDSAY SHACHNOW , The Pittsburgh Post-Gazette; The Tull Family Foundation donated a large sum of money and over 1,300 pounds of meat and produce to the Greater Pittsburgh Community Food Bank

"A delivery of more than 1,300 pounds of meat and produce to the Greater Pittsburgh Community Food Bank on Thursday came as the Tull Family Foundation stepped up to help out amid an ongoing government shutdown that has left millions across Pennsylvania without access to food assistance.

The food bank, which works in more than 10 counties in southwestern Pennsylvania, estimates a hefty food and monetary donation from the foundation founded by Thomas and Alba Tull will provide more than 150,000 meals to people in need.

The contribution from the foundation tied to the billionaire minority owner of the Steelers reflects a surge in efforts across the community and the country to keep food supplies flowing to those in need. 

On Nov. 1, SNAP cards used by 2 million Pennsylvanians to supplement their grocery budgets were emptied as a result of the shutdown of the federal government. Local food banks — which are designed to provide added support to people receiving SNAP benefits — have been overwhelmed."

ESSAY: Billionaire do-gooding is out. Naked oligarchy is in; The Ink, July 2, 2025

ANAND GIRIDHARADAS, The Ink; ESSAY: Billionaire do-gooding is out. Naked oligarchy is in

 "No one was ever going to announce that the era of performative elite do-gooding had ceded to the era of naked oligarchy. But this week three events made that eclipse clear.

The first was the multi-billionaire Jeff Bezos’s wedding, in Venice, to Lauren Sánchez, who would surely float if she fell into a canal. As celebrities poured into a city already strained by tourism, and the happy couple was photographed frolicking in a literal foam party aboard a yacht, there was an almost refreshing, well, nakedness to the avarice, to the carelessness, to the not-giving of civic fucks. There was a reminder of the omnipotence and the utter loneliness at the commanding heights: you can get anyone you want to your wedding, and the people you want are the people you’d invite if you told your assistant to run to the dentist’s office, pick up People magazine, write down names in it, and invite them. These are people who have everything, and who don’t have the thing everybody else does.

The second was the inevitable announcement by multi-billionaire Mark Zuckerberg’s charitable foundation, run with his wife, Priscilla Chan, that it is no longer focused on ending all the diseases, as it once promised. Rather, in the Trump era, it is focused on things that would not be any trouble to Trump. “Can we cure all diseases in our children’s lifetime?” read a screen behind the couple at a rehearsal in 2016. The answer turns out to be: No. The Washington Post, owned by the oligarch in the above item, nonetheless rightly warned, in the Zuckerberg-Chan case, of “the risks for communities reliant on wealthy private donors.”

The third event was the passage today of Donald Trump’s and the Republicans’ budget, a document of searing meanness that former Labor Secretary Robert Reich calls the “Worst Bill in History” — a “giant budget-busting, Medicaid-shattering, shafting-the-poor-and-working-class, making-the-rich-even richer bill.” Like the Bezos wedding and the Zuckerberg-Chan pivot, the bill had one refreshing quality, though. It made zero effort to mask its ugliness. It said the cruel part out loud.

There is a nakedness to our oligarchy now, and it is pruny as hell. But at least there is this: As far as I can tell, the era of highly performative elite do-gooding is passing."

‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives; The Guardian, October 26, 2024

Lois Beckett, The Guardian; ‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives

"When two American billionaires blocked the newspapers they own from endorsing Kamala Harris this month, they tried to frame the decision as an act of civic responsibility.

“I think my fear is, if we chose either one, that it would just add to the division,” Patrick Soon-Shiong, the biotech billionaire who owns the Los Angeles Times, said. He emphasised that though some might assume his family is “ultra-progressive”, he is a registered “independent”.

At the Washington Post, which reported that its billionaire owner, Jeff Bezos, was behind the decision, publisher William Lewis described the retreat from making presidential endorsements as “a statement in support of our readers’ ability to make up their own minds”.

Veteran journalists and media critics are using a very different phrase to describe Soon-Shiong’s and Bezos’s choice: they’re saying the two billionaires, among the richest men on the entire globe, are performing “anticipatory obedience” to Donald Trump.

Yes, “cowardice” has also been a popular way to describe the choice by the billionaire owners of two of the country’s major newspapers to not to risk angering Trump by allowing their papers to endorse his opponent.

But “anticipatory obedience” is more specific. The term comes from On Tyranny, the bestselling guide to authoritarianism by Timothy Snyder, a historian of eastern and central Europe. The phrase describes, in Snyder’s words, “the major lesson of the Nazi takeover, and what was supposed to be one of the major lessons of the twentieth century: don’t hand over the power you have before you have to. Don’t protect yourself too early.” It’s a way of describing what Europeans did wrong as totalitarians came to power: by “mentally and physically conceding, you’re already giving over your power to the aspiring authoritarian”, Snyder explains."

Democracy Dies in Darkness Ann Telnaes cartoon on The Post not endorsing a presidential candidate.; The Washington Post, October 24, 2024

 Ann Telnaes, The Washington Post; Democracy Dies in Darkness Ann Telnaes cartoon on The Post not endorsing a presidential candidate.