Political Spending

Billionaires Fail to Stop Mamdani: Their Spending & the Tax Debate

Zohran Mamdani, a democratic socialist, secured a victory in the New York City mayoral election, becoming the youngest mayor in over a century and the first Muslim to hold the position. The election saw a significant voter turnout, with over two million New Yorkers casting their ballots. Despite facing opposition from numerous billionaires who sought to thwart his campaign, Mamdani won with just over 50% of the vote. Wealthy individuals, including Michael Bloomberg, Ronald Lauder, and Bill Ackman, contributed millions to super PACs opposing Mamdani, who had advocated for policies like rent freezes and tax increases for the city’s wealthiest residents.

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White House Seeks $58 Million Security Boost After Kirk Shooting

Following the fatal shooting of Charlie Kirk, the Trump administration is requesting an additional $58 million from Congress to enhance security for the executive and judicial branches. This funding request is part of an upcoming stopgap bill, with a deadline of September 30th when current federal spending expires. While supporting expanded security resources for lawmakers, the administration deferred specifics to the legislative branch, and the incident has amplified safety concerns for public officials. This request comes amidst ongoing negotiations over a short-term spending bill, with potential disagreements between Republicans and Democrats over healthcare funding.

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Billionaires Pour $19 Million Into Effort to Defeat Mamdani

The mayoral race in New York City has become highly competitive, with significant financial backing influencing the outcome. Analysis of campaign finance filings reveals that numerous billionaires, including Michael Bloomberg and Bill Ackman, are pouring money into PACs supporting Andrew Cuomo and opposing Zohran Mamdani. These super PACs are attempting to sway public opinion, with major contributions coming from industries such as Airbnb and DoorDash, which face scrutiny due to the current housing crisis. Conversely, Mamdani has received significantly less financial support, though he continues to lead in polls.

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Musk Mocked After Wisconsin Election Loss: Accusations of Leftist “Long Con” Backfire

Despite spending $25 million to support conservative Wisconsin Supreme Court candidate Brad Schimel, Elon Musk’s preferred candidate lost to liberal Susan Crawford. Musk attempted to frame the outcome as a victory due to the passage of a voter ID amendment, already existing state law, minimizing his substantial financial investment’s failure. This prompted widespread online mockery, highlighting the disconnect between Musk’s significant spending and his chosen candidate’s defeat. Crawford’s win maintains a liberal majority on the court, impacting crucial cases on abortion access, voting rights, and redistricting.

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House Dems Propose Citizens United Reversal

Congresswoman Jayapal, along with over two dozen Democratic colleagues, introduced a constitutional amendment aiming to overturn the Citizens United Supreme Court decision. This “We the People Amendment” seeks to revoke corporate constitutional rights and curtail the influence of massive political spending, exemplified by Elon Musk’s significant contributions to the Trump campaign. The amendment would mandate transparency in political contributions and expenditures at all governmental levels. Supporters argue this is a necessary systemic solution to counter the escalating power of corporations and the corrupting influence of dark money in politics.

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Rep. Mace Spent $160K on TV Bookings: Is This Politics or Performance?

Rep. Nancy Mace’s substantial spending of $165,000 on television appearances through Driver Eight Media has fueled criticism regarding her prioritization of media exposure over constituent service. This spending, revealed in FEC filings, is part of a strategy involving a reported expectation of 15 weekly television appearances. Mace’s high-profile appearances, often involving heated exchanges, have generated both attention and controversy, with some characterizing her actions as publicity stunts. Her recent on-air clashes include confrontations with colleagues and prominent commentators.

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