Congressman Dan Goldman (NY-10) has introduced the ROBINHOOD Act, a bill targeting the ultra-wealthy’s use of borrowing schemes to avoid paying taxes on capital gains. The legislation proposes a 20% excise tax on loans and lines of credit secured by capital assets for high-income earners. This initiative aims to generate at least $276 billion over ten years by making the wealthiest individuals contribute their fair share, with potential revenues earmarked for investments in universal pre-K and childcare programs. The act seeks to address the current tax code’s shortcomings, where the ultra-wealthy are able to avoid taxes while accessing massive sums of money.
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Congressman Dan Goldman proposed renaming the Republican BOWOW Act to the “Kristi Noem Canine Protection Act” in response to the bill’s focus on deporting noncitizens who harm police animals. This amendment highlights the hypocrisy of the bill, given that it does not address the actions of government officials, like South Dakota Governor Kristi Noem, who admitted to killing her own dog. The original bill, H.R. 4638, intends to make noncitizens deportable for harming police animals, yet it seemingly overlooks instances of canine violence perpetrated by those in positions of power. The amendment aims to draw attention to this discrepancy, suggesting the bill is more about political messaging than animal welfare.
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Congressman Goldman’s letter to Attorney General Bondi demands the unredacted release of the Epstein files, citing a significant delay in their promised release. The letter alleges that this delay, coupled with reports of FBI agents working overtime to redact information, raises concerns about potential White House intervention to protect President Trump. Goldman questions whether the redactions are intended to conceal Trump’s potentially incriminating involvement with Epstein. The Congressman requests a detailed explanation for the delay and confirmation of whether the President or his staff attempted to influence the release of the files.
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John Q. Hosedrinker