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Cat Lazaroff, 202-772-3270
The Bush administration is using its waning days to finalize
regulations that undermine safeguards for wildlife and natural resources and to
build a barrier against Congressional and public challenges to these regulatory
changes, according to testimony delivered to Congress on Thursday.
Jamie Rappaport Clark, executive vice president for Defenders of Wildlife,
testified before the House Select Committee on Energy Independence and Global
Warming regarding the Bush administration's assault on environmental laws and
the need for the next administration to reverse the damage.
"Given the magnitude of unprecedented challenges that the incoming
administration of President-elect Obama and the Congress will face on the
economy and foreign policy, this hearing is an important means of ensuring that
we do not lose track of the pressing needs created by the Bush administration's
assault on key rules that have guided this nation's stewardship of our
endangered species and public lands," said Clark.
Clark noted a number of attacks on the Endangered Species Act (ESA),
including:
* A proposal to eliminate the requirement that federal
agencies consult with wildlife biologists on the impacts their projects might
have on endangered species;
* Barring consideration of the impacts on
endangered species from actions that contribute to global warming;
and
* A radical new interpretation of the ESA that could allow species
protections to be drawn along political lines such as state boundaries, rather
than along biological imperatives.
Clark also noted a number of other damaging proposals and actions by the Bush
administration including:
* The last-minute repackaging of a "deeply
flawed" rule removing ESA protections from gray wolves in the Northern
Rockies;
* A rule accompanying the polar bear listing under the ESA that
effectively prevents the listing from offering polar bears any meaningful
additional protection;
* Opening areas of Colorado, Utah and Wyoming to
development of oil shale, the very worst fuel source in terms of greenhouse gas
emissions;
* Opening millions of acres of land in Utah for oil and gas
drilling near Arches National Park, Dinosaur National Monument, and Canyonlands
National Park, as well as in areas critical to wildlife and near Native American
archaeological sites; and
* Eliminating any and all Congressional
authority to withdraw federal land parcels from planned developments like oil
drilling or uranium mining.
It will be up to the incoming Obama administration to "erase the stained
natural resources legacy of the Bush administration," Clark said.
Read Jamie Rappaport Clark's full testimony
Defenders of Wildlife is the premier U.S.-based national conservation organization dedicated to the protection and restoration of imperiled species and their habitats in North America.
(917) 363-4149The companies avoided more than $26.7 billion in income taxes last year, enough to give free school lunches to every child in America.
Dozens of America's most profitable corporations avoided paying any federal income taxes in 2025, according to an analysis out on Tuesday from the Institute on Taxation and Economic Policy.
The 88 companies—which include Tesla, Southwest Airlines, Live Nation, Palantir, Citigroup, and many others listed in the S&P 500—brought in a collective $105 billion in pretax income last year.
ITEP found that 2025 saw a spike in corporate tax avoidance, enabled in part by new loopholes created by the One Big Beautiful Bill Act signed by President Donald Trump and by his 2017 Tax Cuts and Jobs Act, which reduced the corporate tax rate to 21% from its previous 35%.
The One Big Beautiful Bill Act is expected to hand the wealthiest 1% of Americans $117 billion in tax cuts this year, while those in the bottom 95% are set to pay more in taxes while facing across-the-board cuts to social safety net programs like Medicaid and the Supplemental Nutrition Assistance Program.
It also allowed multimillion- and billion-dollar corporations to find new ways to avoid paying taxes. More than half of the tax-avoiders listed in the report used a provision in the new tax law allowing companies to immediately write off capital investments, reducing their collective taxes by $11.4 billion.
Pharmaceutical and tech companies, meanwhile, were able to take advantage of tax write-offs for research and development, exempting them from approximately another $4.4 billion.
In total, the corporate tax avoidance documented in 2025 by the researchers helped to rob the public coffers of yet another $26.7 billion, enough to give every public school student a free lunch for a year, according to a University of Missouri analysis of the National School Lunch Program.
The researchers said that the full scale of corporate tax avoidance remains unclear, since corporate tax returns are not publicly available. Some companies were also excluded because they are not part of the S&P 500 or have not yet reported their 2025 taxes.
“These findings are not isolated cases—they reflect systemic deficiencies in the corporate tax code,” said Amy Hanauer, the executive director for ITEP. “Without meaningful reform, profitable corporations will continue to pay less than their fair share.”
"We have a solemn duty to play our defined role under the 25th Amendment by setting up this body to act alongside the vice president and the Cabinet."
Rep. Jamie Raskin (D-Md.) on Tuesday unveiled legislation that would establish a congressional commission tasked with determining whether the president is able to continue executing the duties of the office.
The bill, titled the Commission on Presidential Capacity Act, would also set up "expedited" emergency procedures under which Congress could activate the newly created commission and fast-track its consideration of presidential fitness.
As envisioned by Raskin, this commission would act as a legislative counterpart to the US vice president and the president's Cabinet, which the text of the 25th Amendment grants the power to declare the president incapacitated. The 25th Amendment also gives that power to a majority "of such other body as Congress may by law provide."
"The Constitution explicitly vests Congress with the authority to create a body that will guarantee the successful continuity of government by responding to presidential incapacity to discharge the powers and duties of office," said Raskin. "We have a solemn duty to play our defined role under the 25th Amendment by setting up this body to act alongside the vice president and the Cabinet."
Raskin pointed to Trump's recent erratic behavior to argue that Congress needed to take a more assertive role in determining whether he has the mental capacity to serve in the most powerful office in the federal government.
"Public trust in Donald Trump’s ability to meet the duties of his office has dropped to unprecedented lows," the Maryland Democrat said, "as he threatens to destroy entire civilizations, unleashes chaos in the Middle East while violating Congressional war powers, aggressively insults the pope of the Catholic Church, and sends out artistic renderings online likening himself to Jesus Christ."
Raskin went on to warn that "we are at a dangerous precipice, and it is now a matter of national security for Congress to fulfill its responsibilities under the 25th Amendment to protect the American people from an increasingly volatile and unstable situation."
Fifty House Democrats signed on as original co-sponsors of Raskin's bill, which is unlikely to pass the Republican-controlled US House of Representatives.
Calls for invoking the 25th Amendment to remove Trump from office grew louder last week after Trump declared that "a whole civilization will die tonight, never to be brought back again," unless Iran agreed to meet his demands.
In a letter sent to congressional leaders on Monday, four psychiatrists warned that Trump's "behavior and rhetoric... have crossed a threshold that demands the immediate and bipartisan attention of Congress."
The psychiatrists added that Trump "exhibits what forensic mental health experts have, across dozens of independent assessments, identified as the 'Dark Triad' of personality traits: narcissism, Machiavellianism, and psychopathy."
One expert called the new IMF forecast "extremely concerning for the global economy," noting that "the most dire impacts of our economic situation will be felt by the poor and the vulnerable."
The International Monetary Fund warned Tuesday that the US-Israeli war on Iran could slow global economic growth, stoke inflation, and increase the possibility of a worldwide recession and energy crisis.
The illegal war of choice on Iran being waged by US President Donald Trump and the government of fugitive Israeli Prime Minister Benjamin Netanyahu has already had wide-ranging negative impacts on the global economy, from soaring fuel prices caused by the closure of the Strait of Hormuz to supply chain disruptions and financial market volatility.
However, a major global economic crisis has thus far been averted. That could soon change.
"Despite major trade disruptions and policy uncertainty, last year ended on an upbeat note," International Monetary Fund director of research Pierre-Olivier Gourinchas wrote in an analysis of the IMF's latest World Economic Outlook report. "The private sector adapted to a changing business environment, while powerful offsets came from lower US tariffs than originally announced, some fiscal support, and favorable financial conditions coupled with strong productivity gains and a tech boom."
"Despite some downside risks, the momentum was expected to carry over into 2026, lifting the pre-conflict global growth forecast to 3.4%," Gourinchas continued. "War in the Middle East has halted this momentum. The closing of the Strait of Hormuz and serious damage to critical facilities in a region central to global hydrocarbon supply raise the prospect of a major energy crisis should hostilities continue."
The IMF said that even if the war ends quickly, lasting damage to the world's economy will still happen.
According to the IMF report:
Under the assumption of a limited conflict, global growth is projected at 3.1% in 2026 and 3.2% in 2027, below recent outcomes and well under pre-pandemic averages. Global inflation is expected to tick up in 2026 and resume its decline in 2027. Pressures are concentrated in emerging market and developing economies, especially commodity importers with preexisting vulnerabilities. Risks are decisively on the downside. A prolonged conflict, deeper geopolitical fragmentation, disappointment over [artificial intelligence]-driven productivity, or renewed trade tensions could weaken growth and unsettle markets. High public debt and eroded policy buffers add vulnerability. Policies should foster adaptability, enhance credibility, and reinforce international cooperation.
The IMF said that "the shock’s ultimate magnitude will depend on the conflict’s duration and scale—and how quickly energy production and shipment normalize once hostilities end," and that effects will vary by location.
"Countries will feel the impact differently," Gourinchas wrote. "As in past commodity-price surges, importers are highly exposed. Low-income and developing economies—especially those with vulnerabilities and limited buffers—are likely to be hit hardest. Gulf energy exporters will face economic fallout from damaged infrastructure, production disruptions, export constraints, and weaker tourism and business activity. Remittances will fall in countries that supply migrant workers to the region."
Eric LeCompte, executive director of the religious development group Jubilee USA Network and a United Nations finance expert, called the new IMF forecast "extremely concerning for the global economy," lamenting that "the most dire impacts of our economic situation will be felt by the poor and the vulnerable."
The new report comes as the IMF's annual Spring Meetings are underway in Washington, DC.
“World leaders coming to Washington are receiving a very dark picture of the global economy,” said LeCompte. “The war is causing greater poverty and increases in our fuel and food costs."
Other groups have also warned of the adverse economic effects of the US-Israeli war on Iran.
Ben May, Bridget Payne, and Paul Moroz of Oxford Economics recently published a report warning that a longer war in Iran "could tip the global economy into recession."
In such a situation, "the Gulf states suffer most acutely—GDP down over 8% in 2026—before rebounding sharply as production recovers," they wrote. "Advanced Asian economies, which are especially reliant on Gulf oil, take a heavy blow from energy import cost surges and supply chain disruption."
"Europe faces a painful squeeze on gas and electricity," the trio added. "The US fares somewhat better given its domestic energy production, but an equity market decline of nearly 20% weighs heavily on consumer spending."
Some US-based organizations have focused on the war's domestic economic impacts.
Dean Baker, a senior fellow at the Center for Economic Policy Research, published an analysis earlier this month asserting that "making enemies makes us poorer."
"Secretary of Defense (or War) Pete Hegseth seems to be having a really great time killing people in Iran, but his live action video games come at a big cost—not just in lives, but in budget dollars," Baker wrote. "To be clear, the main reason to oppose this pointless war is its impact on the people of Iran and elsewhere in the region. But it also has a huge economic cost that is seriously underappreciated."
"In addition to reducing our security and jeopardizing the well-being of people around the world, Donald Trump’s belligerence will cost us a huge amount of money," he said. Focusing on US military spending, Baker noted that "Trump wants the country to spend 5% of GDP, or $1.5 trillion a year, on the military. This comes to $12,000 per household."
Trump and his Republican Party are seeking to offset some of their record military spending with devastating cuts to social programs upon which tens of millions of Americans rely. Already reeling from the biggest cuts to Medicaid and Supplemental Nutrition Assistance Program spending in those programs' histories, Trump’s budget request for fiscal year 2027 contains $73 billion in total reductions in nondefense spending.
"It is striking to see that Congress might be willing to quickly cough up this money," said Baker, referring to military funding, "when it has refused far smaller sums that could have made a huge difference in the lives of tens of millions of people."