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Linda Benesch, 240-342-4301, lbenesch@socialsecurityworks.org
The following is a statement from Social Security Works President Nancy Altman on the House narrowly passing the American Health Care Act (AKA Trumpcare) today:
"The Republican Party just declared war on seniors. 217 Republicans are now on the record in support of gutting Medicaid, raiding Medicare, and massively increasing health care costs for tens of millions of Americans, especially those in their 50s and early 60s. This was done to provide a huge tax break to millionaires and billionaires.
The following is a statement from Social Security Works President Nancy Altman on the House narrowly passing the American Health Care Act (AKA Trumpcare) today:
"The Republican Party just declared war on seniors. 217 Republicans are now on the record in support of gutting Medicaid, raiding Medicare, and massively increasing health care costs for tens of millions of Americans, especially those in their 50s and early 60s. This was done to provide a huge tax break to millionaires and billionaires.
The bill now moves to the Senate, where it will only take three Republican Senators to avert disaster by voting it down. We will be mobilizing grassroots activists around the country to demand that the Senate do the right thing. But regardless of what happens there, seniors, people with disabilities, and their families will not forget how Republicans voted today. They will pay the price in 2018."
Social Security Works' mission is to: Protect and improve the economic security of disadvantaged and at-risk populations; Safeguard the economic security of those dependent, now or in the future, on Social Security; and Maintain Social Security as a vehicle of social justice.
One social media user wrote that the hedge fund executive Bill Ackman "went from acting like Mamdani was going to import ISIS to extending a friendly handshake… in like six hours."
After his resounding election victory on Tuesday night, New York City Mayor-elect Zohran Mamdani's most prominent billionaire antagonist immediately pivoted to kiss the ring of the man he has spent the last more than half-year portraying as an existential threat to the city and the country.
Hedge fund manager Bill Ackman poured over $1.75 million into the mayor's race with a laser focus on stopping Mamdani, whom he often ambushed with several-thousand-word screeds on his X account, which boasts nearly 2 million followers. He accused Mamdani—a staunch critic of Israel—of "amplifying hate" against Jewish New Yorkers, while suggesting that his followers (which happened to include many Jewish New Yorkers) were "terror supporters."
Meanwhile, the billionaire suggested that the democratic socialist Mamdani's "affordability" centered agenda, which includes increasing taxes on corporations and the city's wealthiest residents to fund universal childcare, free buses, and a rent freeze for stabilized units, would make the city "much more dangerous and economically unviable," in part by causing an exodus of billionaires like himself.
In turn, Mamdani often invoked Ackman's name on the campaign trail, using him as the poster boy for the cossetted New York elite that was almost uniformly arrayed against his candidacy. In one exchange, Mamdani joked that Ackman was "spending more money against me than I would even tax him."
After Mamdani's convincing victory Tuesday night, fueled in large part by his dominant performance among the city's working-class voters, Ackman surprisingly did not respond with "the longest tweet in the history of tweets" to lament the result as some predicted. Instead, he came to the mayor-elect hat in hand.
"Congrats on the win," he told Mamdani on X. "Now you have a big responsibility. If I can help NYC, just let me know what I can do."
Many were quick to point out Ackman's near-immediate 180-degree turn from prophecizing doom to offering his help to the incoming mayor.
"This guy went from acting like Mamdani was going to import ISIS to extending a friendly handshake… in like six hours," noted one social media user.
But Mamdani graciously accepted the billionaire's congratulations when asked about them on Wednesday's "Good Morning America."
"I appreciated his words,” Mamdani said. "I think what I find is that there is a needed commitment from leaders of the city to speak and work with anyone who is committed to lowering the cost of living in the city—and that’s something that I will fulfill."
As Bloomberg and Forbes noted, Ackman was just one of many on Wall Street and from the broader finance world who came to kiss the ring.
Ralph Schlosstein, a co-founder of the investment fund BlackRock, Inc., pledged to work with Mamdani despite their different politics: "I do care deeply about the city, and I’m not going anywhere, whoever the mayor is. I’m going to do whatever I can to help him be successful," he said.
Another former BlackRock executive, Mark Kronfeld, said: "Is it a dystopian, post-apocalyptic environment because Mamdani has won? No."
Crypto billionaire Mike Novogratz even credited Mamdani with "tapping into a message that’s real: that we’ve got a tale of two cities in the Dickensian sense," and asked if the incoming mayor could "address the affordability issue in creative ways without driving business out."
But while Mamdani has left the door open to business, he has made it clear that he will not allow them to commandeer his work at City Hall.
After his victory, he called on his base of largely small-dollar donors to resume their financial support for him in order to fund "a transition that can meet the moment of preparing for January 1.”
He announced that this historic all-female transition team will include at least one renowned titan of economic populism, the trust-busting former Federal Trade Commission Chair Lina Khan, as well as other progressive city administrators with backgrounds in expanding the social safety net and public housing.
"I’m excited for the fact that it will be funded by the very people who brought us to this point," Mamdani said, "the working people who have been lost behind by the politics of the city."
One critic warned a Trump win “will cement a precedent that expands his power as executive in a dangerous and unprecedented way.”
As the US Supreme Court on Wednesday began hearing arguments on the sweeping powers claimed by President Donald Trump to impose tariffs on foreign goods, many critics warned that the court would create a "presidency without limits" if it ruled in his favor.
In April, Trump unveiled unprecedented tariffs on nearly every nation in the world using powers granted under the International Emergency Economic Powers Act, a law passed in 1977 that allows the president to regulate international commerce during major emergencies such as wars.
Many Trump critics believe that using this law as the legal foundation of a global tariff regime is a gross abuse of the law's original intent, and are urging the Supreme Court to shut it down.
Brett Edkins, managing director of policy and political affairs at Stand Up America, warned that granting the president this level of authority over the taxation of imported goods would "open the door to broader abuses of power" by emboldening Trump to usurp even more authority from the US Congress.
“We’re already dangerously close to a presidency without limits," he said. "It’s time for the right-wing majority on the court to stand up for our Constitution and serve as a check on Trump’s power, starting with this case."
Josh Orton, president of progressive legal advocacy organization Demand Justice, also said that the tariff case before the Supreme Court "is about far more than an economic debate or a trade-law dispute," given its implications for the separation of powers laid out in the US Constitution.
"Trump is demanding that the court hand him raw power over the economy," said Orton. "If Trump wins here, he won’t just raise costs on American families. He will cement a precedent that expands his power as executive in a dangerous and unprecedented way—letting any president unilaterally rewrite trade law, punish certain industries, harm consumers, or leverage international allies for personal gain."
Leor Tal, campaign director at the progressive advocacy coalition Unrig Our Economy, argued that the Supreme Court wouldn't even need to hear the case on the Trump tariffs if Congress reasserted its authority given under the US Constitution to levy taxes.
“As the Supreme Court hears a case with implications for whether Americans can afford groceries, school supplies, and more, people will remember that Republicans in Congress could end these disastrous tariffs today and should have done so a long time ago," she said. “These tariffs are nothing more than a tax on working Americans, and Republicans in Congress have voted time and again to keep them in place... Republicans in Congress must act immediately to repeal Trump’s tariffs and finally put working people first."
During Wednesday's hearing on the tariffs case, conservative Supreme Court Justice Neil Gorsuch raised concerns about allowing the president to usurp congressional powers in perpetuity by issuing emergency declarations that Congress must then vote to revoke before it can resume its duties outlined in Article I of the US Constitution.
"So Congress, as a practical matter, can't get this power back once it's handed it over to the president," Gorsuch remarked. "It's a one-way ratchet toward the gradual but continual accretion of power in the executive branch and away from the people's elected representatives."
Sauer tried to counter this by pointing to former President Joe Biden agreeing in 2023 to sign bipartisan legislation ending the national health emergency caused by the Covid-19 pandemic.
Gorsuch, however, countered that this only occurred with the president's consent, and that it would otherwise take a supermajority to end a declared emergency if the president elected to veto the congressional resolution.
Gorsuch: So congress as a practical matter, can't get this power back once it's handed it over to the president.. one way ratchet toward the gradual but continual accretion of power in the executive branch and away from the people's elected representatives. pic.twitter.com/secLyWMX7H
— Acyn (@Acyn) November 5, 2025
Justice Sonia Sotomayor also grilled Sauer on concerns about separation of powers, and she noted that the Constitution explicitly delegates taxation powers to Congress.
"It's a congressional power, not a presidential power, to tax," she said. "You want to say tariffs are not taxes, but that's exactly what they are. They're generating money from American citizens, revenue."
Justice Sotomayor asks about tariffs being a kind of tax on Americans and compares President Trump's emergency tariff Executive Orders to President Biden's student loan forgiveness policy and a hypothetical climate emergency. pic.twitter.com/nD0MYgVjv3
— CSPAN (@cspan) November 5, 2025
Ahead of the Supreme Court hearing this week, Trump posted a frantic message on his Truth Social platform warning justices that his power to unilaterally impose tariffs was a matter of "life or death" for the United States.
""With a Victory, we have tremendous, but fair, financial and national security," he claimed. "Without it, we are virtually defenseless against other countries who have, for years, taken advantage of us."
Meanwhile, Sen. Ron Wyden (D-Ore.) said on social media Wednesday that "Trump’s tariffs are sending small businesses to an early grave."
"Trade authority begins and ends with Congress," the senator added. "I’ll keep battling to rein in Trump’s tariff madness and protect small businesses, farmers, and families."
"Colorado sent a clear message tonight: No child should ever have to learn on an empty stomach," said the state Democratic Party.
Colorado voters on Tuesday handily approved a pair of ballot measures to fully fund free meals for all K-12 public school students, give raises or stipends to scholastic cafeteria workers, and enact grants for schools to buy fresh foods from local farmers.
According to unofficial results published Wednesday morning by the Colorado Secretary of State's office, Proposition LL overwhelmingly passed 64.66% to 35.34%. The proposal allows the state to keep and spend $12.4 million in tax revenue, including interest, already collected under Proposition FF to fund the Healthy School Meals for All Program, a 2022 voter-approved initiative to provide free breakfast and lunch to students and provide food purchasing grants to public schools.
Proposition MM—which raises taxes on households with annual incomes over $300,000 to fund the meals program—was approved 58.07% to 41.93%. The measure is meant to fill funding gaps in Proposition FF and was spurred by US President Donald Trump's signing of the so-called One Big Beautiful Bill Act, which inflicted the largest-ever cuts in the Supplemental Nutritional Assistance Program (SNAP), largely to pay for tax cuts for the ultrarich and corporations.
“We're relieved that Colorado kids will continue to have access to free meals at school,” Anya Rose, director pf public policy at the advocacy group Hunger Free Colorado, told Colorado Public Radio (CPR) after the measures' passage. “I think that hunger is top of mind for a lot of people right now, and it's really visible for people. And we know that this is an incredibly popular program that is more important, now than ever, since there are so many people struggling to make ends meet and resources have fallen through for a lot.”
Colorado sent a clear message tonight: no child should ever have to learn on an empty stomach.While Republicans in Washington play politics with our families, our food and our health care, Colorado is stepping up, keeping Healthy School Meals for All alive for 600,000 kids.
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— Colorado Democrats 🇺🇸 (@coloradodems.org) November 4, 2025 at 7:51 PM
Joe Kabourek, who managed the Keep Kids Fed campaign, said in a statement: "Thank you to every voter, volunteer, community partner, and endorsing organization who turned out to pass Propositions LL and MM, ensuring every child in Colorado can continue to get a healthy meal at school."
Nine US states have now enacted laws providing free meals to all public school students regardless of family income: California, Colorado, Maine, Massachusetts, Michigan, Minnesota, New Mexico, New York, and Vermont. Cities including Boston, Chicago, Detroit, Los Angeles, San Francisco, and Washington, DC have enacted similar programs.
Betsy Hayes of Denver recalled the cruelty her children faced from other students for needing free school meals.
“It was very embarrassing for them and stigmatizing to them, and I really would like other kids not to have to go through that,” she told CPR.