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- Mamdani’s Plans Rely on New York’s Wealthiest
Fourteen years after Occupy Wall Street, Zohran Mamdani’s campaign radiated the spirit of the 99 percent: The mayor-elect promised to pay for free buses and universal child care by raising corporate taxes and increasing the city income tax by 50 percent for New Yorkers earning $1 million a year—roughly, the top one percent. In his victory speech, Mamdani railed against the “billionaire class” and promised that the richest New Yorkers would soon have to “play by the same rules as the rest of us.”In fact, New York City’s one percent already pay taxes at the single highest marginal rates in the country. They play by very different rules indeed: 41 percent of New York State’s income-tax revenue is generated by the top one percent of earners, a share matched only in California. Unusually, New York City then adds an income tax on top of the state rates, and 40 percent… ...[TheTopNews] Read More.5 days ago - Trump Is Repeating One of Biden’s Big MistakesDonald Trump recaptured the White House in part by relentlessly exploiting Joe Biden’s failure to heed widespread concerns about the rising cost of living. Now, bizarrely, President Trump is walking himself—and his party—into the same perilous trap by denying the economic reality that working families are living.In the summer of 2023, as he geared up his ill-fated race for reelection, Biden mounted a campaign to convince the public that his policies had delivered the economy and American workers from the depths of the pandemic to renewed prosperity. “Our plan is working—Bidenomics,” the president declared during a rally at the Philly Shipyard.Biden had some legitimate claims. An impressive 13 million jobs had been created on his watch, and growth was relatively strong. He had pushed through policies that had begun to lift wages. Still, Americans were not nearly as enthusiastic as the president about an economy he had ill-advisedly branded with… ...[TheTopNews] Read More.6 days ago
- ‘We Are Looking at a Massive Crisis’Catalina Jaramillo is beginning to envision what her life in South Florida will look like without the financial help that allows her to afford health insurance, medication, and treatment for a series of ailments. Jaramillo has been insured through the Affordable Care Act since being diagnosed with acute kidney disease in 2022, when she was 39. Expanded subsidies help her afford the coverage—and they will expire at the end of the year unless Congress extends them. Jaramillo told me she has little doubt that her life would begin to unravel without them. Her monthly health-insurance premium would more than double, and the treatment she depends on to manage her vulnerable kidneys and other health issues would become prohibitively expensive. “I’m terrified. I’m kind of like a deer in the headlights,” she said.The problem for Jaramillo—and for the 22 million other Americans who receive the ACA subsidies in question—is that policy… ...[TheTopNews] Read More.1 week ago
- Republicans Are in Trouble, but Democrats Could Blow ItIn the 2024 presidential election, Donald Trump carried Tennessee’s Seventh Congressional District by 22 points. Last night, in a special election to represent the district, the Republican Matt Van Epps won by only nine points, defeating State Representative Aftyn Behn, a Democrat. Trump celebrated the outcome on Truth Social as a “BIG Congressional WIN,” but the margin of victory in a deep-red district is ominous for Republicans. Van Epps underperformed Trump by 13 percentage points, a sign that the party is vulnerable heading into the 2026 midterms. If Democrats could replicate that shift everywhere next year, they would gain upwards of 40 seats in the House and take back the Senate. But last night’s outcome also offers Democrats a cautionary tale. An off-year special election in December is precisely the kind of low-turnout situation in which the party’s highly educated base currently dominates. In such races, Democrats probably need to… ...[TheTopNews] Read More.1 week ago
- What Josh Shapiro Believes
It is a rare thing to see Josh Shapiro sweat. For all the grief the Pennsylvania governor gets for imitating Barack Obama—the staggered cadence, the side-of-the-mouth delivery for effect—their essential shared trait is self-possession. If Pennsylvania’s governor has a superpower, it is an unflappability that allows him to stay cool and composed and to communicate precisely what he wants to communicate.Most of the time.I sat down to talk with Shapiro earlier this fall, shortly after he held a tough-on-crime press conference near Philadelphia. By that point, I had interviewed him several times. His comments were always polished and predictable: More than once, I would return to variations of a question I’d already asked, hoping to penetrate his practiced commentary, only to get the same responses, word for word. This was especially the case when I raised the subject of Kamala Harris.I knew, from speaking with people close to Shapiro, that… ...[TheTopNews] Read More.1 week ago - DHS’s $7,500 Self-DeportationsThe Department of Homeland Security launched a $200 million advertising campaign this past spring that urged migrants to “self-deport,” dangling an offer that sounded like a darker version of a credit-card promotion. By formalizing their departure through a government app, CBP Home, participants could receive a free plane ticket and a $1,000 cash bonus.Nearly nine months later, about 35,000 people have used CBP Home to leave the country, according to figures I obtained from two DHS officials who track the program. Given the cost of the advertising blitz, as well as the airfare and cash payments, it works out to about $7,500 per self-deportation.The DHS spokesperson Tricia McLaughlin wrote to me that the program, called Project Homecoming, has created “a smooth, efficient process for illegal aliens to return home” and that “tens of thousands” of participants have used CBP Home to depart. McLaughlin declined to say what DHS spends per… ...[TheTopNews] Read More.2 weeks ago
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