A bill that would let Donald Trump unilaterally revoke tax-exempt status from nonprofits is being fast-tracked through Congress.

DONALD TRUMP HAS made no secret of his desire for revenge.

On the campaign trail, he joked about being a dictator on “day one” in office, pledged to jail journalists, and threatened to retaliate against political foes who he felt had wronged him.

Now, just days after he secured a second term in the White House, Congress is already moving to hand a resurgent Trump administration a powerful cudgel that it could wield against ideological opponents in civil society.

Up for a potential fast-track vote next week in the House of Representatives, the Stop Terror-Financing and Tax Penalties on American Hostages Act, also known as H.R. 9495, would grant the secretary of the Treasury Department unilateral authority to revoke the tax-exempt status of any nonprofit deemed to be a “terrorist supporting organization.”

  • seaQueue@lemmy.world
    0·
    2 months ago

    The wealthy love periods when our economy collapses, it gives them the opportunity to buy all of the assets from everyone down below for pennies on the dollar. Five years later they’ve made 20x what they spent and can sell that back to the poor schmucks for twice what it’s worth.