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September 07, 2021 | American Prospect
Apparently, Harris just doesn’t get why regulators have to be so skeptical of the industry all the time—which makes sense, coming from a fintech executive who’s advocated for the industry on both sides of the revolving door.
September 01, 2021 | Sludge
A financial disclosure reveals that Special Envoy for Energy Affairs Amos Hochstein operated a shadow consultancy with foreign fossil fuel clients.
September 01, 2021 | The New Republic
In a move cheered by progressives and antitrust reformers, President Biden has nominated Jonathan Kanter to serve as assistant attorney general for antitrust. Kanter’s nomination, alongside that of Lina Khan to lead the Federal Trade Commission earlier this year, is the latest sign that this administration is, for the first time in generations, fiercely committed to enforcing antitrust laws. However, this generation’s most notorious monopolies—Amazon, Facebook, and Google—are making it vividly clear that they will try anything to retain their power. That apparently includes lobbing poorly reasoned, transparently bad faith calls for their newly anointed foes to recuse themselves from relevant cases.
August 30, 2021
In the past week, the Supreme Court decided to embrace its most evil tendencies, first by stating that Biden could not end Trump’s horrendous “Remain in Mexico” policy, then by clearing the way for millions to be evicted. It issued both these consequential rulings on the “shadow docket,” without even granting a fair hearing. The cruelty is breathtaking but hardly surprising. Ultimately, it underscores what we’ve always known: Biden’s agenda will face an uphill battle in the courts.
August 13, 2021 | American Prospect
Hochstein is not even a skeptic of the fossil fuel industry, much less an environmentalist. His life’s work has been planting American flags on global fossil fuel reserves, facilitating the drilling and pumping of their contents, and inflicting pain on anyone who gets in the way.
August 05, 2021 | Talking Points Memo
We have no shortage of information about how historically bad an Attorney General William Barr was. His tenure was marked by attacks on LGBTQ rights, immigrants, and peaceful protestors. His overt politicization of the investigations into Russian interference in the election, the Mueller report, and Roger Stone’s sentencing are well-documented, and in a continuing headache for the Biden Administration’s DOJ, Barr’s Justice Department’s intervened to protect Trump against E. Jean Carroll’s defamation lawsuit against him just two months before the election. And yet, as we saw this week following revelations that his DOJ declined to prosecute Commerce Department officials for lying about the provenance of the Census citizenship question, what we know merely scratches the surface.
August 02, 2021 | The Forge
One year ago, Minneapolis police officer Derek Chauvin’s murder of George Floyd sparked an international rebellion against police violence. From this historic uprising, a longtime demand from the Black Lives Matter movement to end mass incarceration and police violence by defunding the police became a part of mainstream discourse. Local campaigns like #defundNYPD and national studies like Freedom to Thrive: Reimagining Safety and Security in Our Communities have fleshed out the meaning of defund, envisioning municipal and state budgets that invest in social safety nets over criminalization. But the executive branch ― the branch of government that creates the rules and regulations that guide the execution of federal law ― remains under-examined as a lever to effect systemic change.
July 27, 2021 | Washington Monthly
How to Catch Bitcoin Tax Cheats
Crypto is a global phenomenon, and one with a rapidly growing capacity to upend tax administration worldwide. The U.S. has been slow to act to combat this threat, but clever use of extant unilateral and multilateral laws on information sharing and programs that capitalize on expertise and information outside government provide opportunities for much better protection against tax evasion. If Biden and his administration are committed to closing tax loopholes, they must use every tool available.
July 23, 2021 | American Prospect
If Biden is emerging as an anti-monopoly president, then why is he rewarding Cohen, a fixer for one of the go-to examples of monopoly power in America? More importantly, if he hopes to redeem American democracy from Trumpism, why is Biden rewarding the political strategist for a company that does not care about basic voting rights, especially for Black people?
July 08, 2021 | The American Prospect
Last month, ProPublica, aided by a trove of tax information on the richest Americans delivered by an anonymous whistleblower, began a series of reports on the staggeringly low to nonexistent tax bills paid by specific billionaires and the tactics they use to achieve that end.
In its most recent release, ProPublica detailed PayPal co-founder Peter Thiel’s use of a Roth IRA, a specialized retirement account in which contributors pay taxes up front but not on distributions, to shelter billions in investment income gains. This involved questionable valuations and other strategies that are either explicitly or implicitly illegal.
July 06, 2021 | The Daily Beast
Neil MacBride spent eight years leveraging his government experience to defend Big Oil, Big Pharma, and Wall Street giants. Why does Biden want him back?