February, 22 2018, 03:30pm EDT
A Tax Cut for the 1%
This afternoon, in response to Mike Pence's discussion of the Trump tax bill in a speech at CPAC, Morris Pearl, Chair of the Patriotic Millionaires and former Managing Director at BlackRock, Inc., released the following statement:
WASHINGTON
This afternoon, in response to Mike Pence's discussion of the Trump tax bill in a speech at CPAC, Morris Pearl, Chair of the Patriotic Millionaires and former Managing Director at BlackRock, Inc., released the following statement:
"Earlier today, Mike Pence bragged that over 4.3 million Americans have seen benefits from the Trump tax bill. For once, he's right. 4.3 million Americans is barely over 1% of the American population, and as a member of the top 1%, I can say with certainty that the tax bill was great for my bottom line. I've already made a couple hundred thousand dollars from my investments in companies that have shifted some of their profits overseas, where they will be paying lower taxes. It's too bad for the other 99% of Americans who are going to suffer from spending cuts on schools, roads, or health care, but in Mike Pence's eyes, that's a small price to pay to ensure millionaires like me get tax cuts."
To schedule an interview or for further comment, please contact Sam Quigley at sam@patrioticmillionaires.org.
The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country's political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three "first" principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.
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'Disgusting': Republicans Applaud as Trump Brags About Taking Food Aid From Millions
"His Big Ugly Bill ripped food away from hungry moms, kids, and seniors to fund tax cuts for the wealthiest Americans," said one House Democrat.
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US President Donald Trump received a standing ovation from Republican lawmakers and administration officials Tuesday night when he bragged during his State of the Union address about taking nutrition assistance from millions, which he euphemistically characterized as lifting people off food stamps.
"In one year, we have lifted 2.4 million Americans—a record—off of food stamps," Trump said during his nearly two-hour speech.
The Republican reconciliation package that Trump signed into law last summer included $187 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP) over a 10-year period, the largest cuts to the program in US history.
Trump: "In one year, we have lifted 2.4 million Americans -- a record -- off of food stamps" (In other words, Republicans cut food stamps) pic.twitter.com/19EoNEUmPF
— Aaron Rupar (@atrupar) February 25, 2026
The Republican law includes reductions in federal nutrition funding for states—which administer SNAP—as well as expanded work requirements, which the nonpartisan Congressional Budget Office estimated would strip nutrition benefits from "roughly 2.4 million people in an average month" over the next decade.
As the Center on Budget and Policy Priorities noted in a recent analysis, changes enacted by the Trump-GOP law mean that "for the first time in the 50-year history of the modern SNAP program, the federal government will no longer ensure that the lowest-income people, including children, older adults, veterans, and people with disabilities, in every state have access to the food assistance they need because states that refuse to pay the cost share could see the program end."
Shortly after Trump signed the Republican megabill into law, his administration canceled an annual US Department of Agriculture survey aimed at measuring food insecurity, undercutting efforts to track the impact of the unprecedented SNAP cuts. The USDA's final reports estimated that nearly 48 million people in the US faced food insecurity in 2024—including nearly one in five households with children.
"Trump says he 'lifted' millions off food stamps," Rep. Brittany Pettersen (D-Colo.) wrote in response to the president's State of the Union remarks. "But what he really means is his Big Ugly Bill ripped food away from hungry moms, kids, and seniors to fund tax cuts for the wealthiest Americans. The lies are blatant and disgusting."
Rep. Sarah McBride (D-Del.) denounced her Republican colleagues for their celebratory response to Trump's boast.
"They're applauding ripping food out of people’s mouths to fund their tax cuts for billionaires," McBride wrote on social media.
USDA data released ahead of Trump's speech shows that around 696,000 fewer people received SNAP benefits in November 2025 compared to the previous month.
Katie Bergh, a senior policy analyst on the food assistance team at the Center on Budget and Policy Priorities, noted that "people haven’t been dropping off SNAP because they no longer need help."
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Privacy advocates are backing a bipartisan bill introduced in the US Senate this week that's intended to protect Americans from warrantless government surveillance.
Sens. Dick Durbin (D-Ill.) and Mike Lee (R-Utah) unveiled the Security and Freedom Enhancement (SAFE) Act on Monday, in the wake of Politico reporting that President Donald Trump's White House "is quietly pushing for a key spy authority to be extended as is into 2027, according to five people granted anonymity to discuss the private talks."
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Despite such arguments, Congress reauthorized Section 702 nearly two years ago, under then-President Joe Biden. That decision is set to expire on April 20, setting up a new battle over the spying power—hence the bill's introduction this week.
Under Durbin and Lee's proposal, the authority would be extended another two years, but government agencies must obtain a FISA Title I order or a warrant before accessing Americans' communications. As the pair noted in a statement, it also "closes the 'data broker loophole' that intelligence and law enforcement agencies use to buy their way around the Fourth Amendment" to the US Constitution, which bars unreasonable searches and seizures and details requirements for issuing warrants.
"Section 702 is a valuable tool to help keep our nation safe," said Durbin. "However, it's being used to conduct thousands of warrantless searches of Americans' private communications. That's unacceptable. Our bipartisan SAFE Act is a commonsense solution to continue protecting our country from foreign threats—while safeguarding Americans' civil liberties and privacy."
In a Tuesday statement welcoming the legislation, Demand Progress senior policy adviser Hajar Hammado highlighted that "right now, the government can freely troll through your private emails and texts swept up in 702 collections and this power has been abused to spy on everyday Americans, journalists, and even members of Congress."
"No government, whether it's run by Donald Trump and Stephen Miller or Joe Biden, should be able to do this," argued Hammado. According to Politico, Miller, the White House deputy chief of staff for policy and homeland security adviser, "is a leading advocate" for extending Section 702.
Hammado stressed that "the SAFE Act is a bipartisan solution to this problem, and all members of Congress should not support reauthorization without these critical reforms. We thank Sens. Lee and Durbin for their leadership on this bill and for modeling how Republicans and Democrats can come together to stop oppressive government overreach."
Jake Laperruque, deputy director of the Center for Democracy & Technology's Security & Surveillance project, also endorsed the bill in a Tuesday statement.
"FISA 702 has been abused in shocking ways," said Laperruque. "The FBI has misused it to snoop on protesters, lawmakers, journalists, judges, and campaign donors. If Congress genuinely cares about surveillance abuse, weaponization, and 'lawfare,' it needs to rein in this warrantless surveillance power."
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A CDT-led coalition of privacy advocates across the political spectrum recently identified these as the four key issues to address in FISA reform. The SAFE Act effectively takes on all of them. With just SEVEN weeks until FISA 702 expires, we hope Congress will quickly take up this vital bill.
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— Jake Laperruque (@jakelaperruque.bsky.social) February 24, 2026 at 12:22 PM
Republicans have a narrow majority in both chambers of Congress but, due to Senate rules, generally need some Democratic support to send legislation to Trump's desk. However, the GOP could also run into trouble on this issue in the House of Representatives. As Politico pointed out last week:
Ultimately, there's no easy path to pass a clean extension in the House. One of the people with knowledge of the discussions said GOP leaders are "going to have a problem" trying to unite Republicans behind a special "rule" allowing for an up-or-down floor vote on a clean extension, which are typically party-line affairs.
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Democracy Forward, the American Civil Liberties Union, the ACLU of North Carolina, and the Southern Coalition for Social Justice (SCSJ) sued the US Department of Homeland Security (DHS), Immigration and Customs Enforcement (ICE), and Customs and Border Protection (CBP) on behalf of five individuals, including four American citizens and one legal US resident from El Salvador.
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Democracy Forward said in a statement announcing the lawsuit: "In mid-November, the Trump-Vance administration accelerated its immigration crackdown across North Carolina during Operation Charlotte’s Web. Heavily armed, masked DHS agents, including ICE and CBP officers, roamed Charlotte, Durham, Raleigh, and other communities, detaining and arresting people indiscriminately without warrants or legal justification."
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The plaintiffs “represent a class of individuals who have been or will be subjected to warrantless immigration arrests by DHS in North Carolina, including arrests made without probable cause based on flight risk or removability," the group added. "They ask the federal court for the Western District of North Carolina to declare DHS’ mass warrantless arrest policy unlawful and to issue a permanent injunction blocking these unlawful practices.”
ACLU-NC staff attorney Corina Scott said in a statement Tuesday: “Federal immigration agents have consistently ignored the law and trampled civil rights in North Carolina. This lawsuit seeks to stop this abuse of power and demand accountability going forward so that our communities do not continue to suffer violent and unlawful arrests.”
We just filed the first class action lawsuit challenging unlawful warrantless immigration arrests in North Carolina amid the federal government's crackdown. Join us in calling for an end to ICE & CBP terror! https://rebrand.ly/iceout
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— ACLU of North Carolina (@aclunc.bsky.social) February 24, 2026 at 2:40 PM
Democracy Forward president and CEO Skye Perryman said that “when armed, masked agents are breaking car windows, handcuffing people without probable cause, and dumping them on the side of the road, that is not law enforcement, it is lawlessness."
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