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In a pair of decisions released this morning, the Supreme Court rejected President Trump's claims of "absolute" immunity from criminal investigation or congressional scrutiny. The victory, however, is incomplete and underscores that Ways and Means Chairman Richard Neal's delays in requesting Trump's tax returns likely cost the American people dearly in terms of presidential transparency.
In a pair of decisions released this morning, the Supreme Court rejected President Trump's claims of "absolute" immunity from criminal investigation or congressional scrutiny. The victory, however, is incomplete and underscores that Ways and Means Chairman Richard Neal's delays in requesting Trump's tax returns likely cost the American people dearly in terms of presidential transparency.
Rather than deciding in Congress' favor outright, the Supreme Court remanded Trump v. Mazars to the lower court. While that body will almost certainly uphold Congress' right to subpoena Trump's financial records, it is unlikely to reach a decision before this fall's election.
That this decision would come at such a late hour was not inevitable. Had Rep. Richard Neal moved expeditiously to request Trump's tax returns on his first day in office as many, including ourselves, pushed him to do, even delays of the kind the Supreme Court has just imposed would have been unlikely to push disclosure until after the election. An early request followed by a speedy, aggressive litigation strategy could plausibly have gotten the Ways and Means Committee's case before the Supreme Court in October. With a decision likely this winter, even after a remand Congress might have Trump's financial records in hand this summer. Thus armed, Congress would be able to legislate around Trump's conflict of interests and address weaknesses in financial disclosure laws and the independence of the IRS (or lack thereof). Instead, the Ways and Means court case remains mired in litigation at the district court after the judge pointedly noted Neal's lethargy.
Those who are saddened that Trump's strategy of total intransigence has ultimately borne fruit should not forget the central role that Rep. Richard Neal played in assuring its success.
The Revolving Door Project (RDP) scrutinizes executive branch appointees to ensure they use their office to serve the broad public interest, rather than to entrench corporate power or seek personal advancement.
"Electricity costs are slamming Americans as a result of a not-so-covert Trump plan to stall or block inexpensive clean energy," said Sen. Sheldon Whitehouse.
As oil prices soar, driving up gas and electric bills and straining Americans' wallets, the Trump administration is "extrajudicially blocking" all new wind energy projects in the United States through the US Department of Defense, according to recent reports.
The Financial Times reported over the weekend that as part of the president's "crusade against renewable energy," the department had stalled approvals for about 165 onshore wind projects on private lands—including ones awaiting final sign-off, others in the midst of negotiations, and some that would not typically need oversight from the department at all, according to the American Clean Power Association (ACP).
The Associated Press then reported on Thursday that the number of blocked projects was as high as 250 and that they spanned more than 30 states.
In total, the projects could produce about 30 gigawatts of energy, enough to power 15 million American homes, according to FT.
Trump, who has called wind power the "worst form of energy" and said his "goal is to not let any windmill be built” in the US, has tried many methods to kill the industry, all of which have been struck down in court.
"His Day 1 executive order against the wind industry was found unconstitutional. Each of his stop-work orders trying to shut down wind farms was overruled. Numerous moves by his Interior Department were ruled illegal," explained Heatmap senior reporter Jael Holzman.
But she said that even amid these failures, "renewable energy industry insiders have been quietly skittish about a potential secret weapon: the Federal Aviation Administration" (FAA).
Structures over 200 feet must be approved by the FAA before construction, which involves an assessment by the Defense Department.
Holzman wrote that according to industry insiders, including those at the ACP, "the issues started last summer but were limited in scale, primarily impacting projects that may have required some sort of deal to mitigate potential impacts on radar or other military functions."
But over the past few weeks, Holzman said ACP told her that "this once-routine process has fully deteriorated, and companies are operating with the understanding FAA approvals are on pause because the Department of Defense... refuses to sign off on anything."
The group said the refusals have been indiscriminate and that they have affected projects where there are "no obvious impacts to military operations."
Tony Irish, a former career attorney for the Department of the Interior who served during Trump's first term, told Heatmap that amid continued legal failures, the administration is trying to "find ways to avoid courts altogether" and acting upon "a unilateral desire to achieve an end regardless of the legality of it, just using brute force.”
The administration's attempt to strangle the wind industry comes amid ongoing but fragile negotiations between Democrats and Republicans in Congress over permitting reforms that the GOP hopes will speed up approval of fossil fuel projects.
Democrats previously shut down talks in response to the Trump administration halting construction of several wind projects, but said they'd be open to a compromise if the administration agreed to treat renewables fairly.
Last month, Sen. Martin Heinrich (D-NM), a leader of the negotiations on the Democratic side, told Interior Secretary Doug Burgum that if any deal is to be reached, the Trump administration must create confidence that it will not "slow walk" wind and solar permits.
Heinrich told Heatmap on Thursday that the administration's apparent action to halt wind approvals entirely "undercuts their credibility and bipartisan permitting reform.”
Heatmap correspondent Matthew Zeitlin remarked: "At no point did Congress say, 'We want to make new wind power illegal.' If someone presented such a bill, it would lose overwhelmingly. But the president is pulling every possible administrative lever he has to functionally ban it."
The Pentagon acknowledged to Heatmap that it is "actively" reviewing land-based wind projects. However, the FAA declined to comment on whether it was effectively banning new wind projects. White House deputy press secretary Anna Kelly said the Pentagon's statement "does not confirm" that a de facto ban is in place.
Efforts to crush clean energy loom especially large amid the ongoing fuel crisis caused by Trump's war in Iran. In addition to causing gas prices to spike to about $4.50/gallon on average, wholesale electricity prices surged by 8.5% in March after the war was launched, according to The Associated Press.
Countries with large amounts of renewable energy production have proven more capable of avoiding massive spikes in energy costs, while the US has seen some of the worst in the world despite Trump's claims that "energy independence" is saving the day.
Wind energy already accounts for about 10% of America's electricity use and is often cheaper to produce in the long run than fossil fuels, not to mention better for the climate.
As high energy prices and inflation have driven the president's approval rating to its lowest level ever, Jordan Weissmann, the editorial director at the Progressive Policy Project, marveled that "Trump is actively raising voters' electric bills because he hates wind turbines."
"This isn’t energy dominance," agreed Sen. Alex Padilla (D-Calif.). "This is sacrificing American jobs, weakening the American grid, and forcing American families to pay even higher prices."
Sen. Sheldon Whitehouse (D-RI) said that "electricity costs are slamming Americans, as a result of a not-so-covert Trump plan to stall or block inexpensive clean energy. Every blocked kilowatt of clean energy comes instead from fossil fuel. Customers' rates go way up, and all that extra cost families pay goes to (cue drumroll) Trump's corrupt fossil fuel donors. It's on purpose."
The Sunrise Movement argued that Trump's war on wind energy is quite consistent with his method of governing, which has often explicitly involved taking actions meant to maximize the profits of the fossil fuel interests that have backed him and his political movement.
"Trump's energy policy has one priority: help his Big Oil donors make a final cash grab before their industry goes extinct," the group said. "If energy prices spike and the climate crisis worsens... well, that's working people's price to pay."
One advocate said the Texas Republican laid bare the "two-pronged strategy to push Social Security privatization: Creating the Trump accounts with one hand and gutting the Social Security Administration with the other."
Republican Sen. Ted Cruz said during a public conference this week that the so-called Trump Accounts established under the GOP's 2025 budget law represent a viable path toward Social Security privatization—something the Texas lawmaker described as a "dirty little secret."
During a panel discussion at the Milken Institute Global Conference in California, Cruz said that "conservatives in America, for 50 years... have been trying to do Social Security personal accounts." Cruz, who lamented the failure of Bush-era efforts to privatize Social Security, described such personal accounts as vehicles into which the payroll taxes that finance current Social Security benefits could be diverted.
In the not-too-distant future, Cruz envisioned, "we're going to be able to go to parents and say, 'Hey, you know that Trump Account your kid has? ... Wouldn't you like to be able to keep a portion of your tax payments that you're paying already and, instead of sending it to Uncle Sam, wouldn't you like to have a Trump Account just like your kid does?'''
"My prediction is, within five years, that is going to have a really compelling constituency," the Texas Republican added.
🚨🚨🚨
Ted Cruz says the quiet part out loud…
Trump Accounts are a scheme to privatize Social Security.
HANDS OFF OUR EARNED BENEFITS! pic.twitter.com/Oo3owRF7bM
— Social Security Works ❌👑 (@SSWorks) May 8, 2026
Linda Benesch, vice president of communications at the progressive advocacy group Social Security Works, told Common Dreams that Cruz's comments laid bare the "two-pronged strategy to push Social Security privatization: Creating the Trump Accounts with one hand and gutting the Social Security Administration with the other."
Benesch pointed to the remarks of an anonymous Social Security Administration (SSA) worker, who warned in comments to The New Yorker earlier this week that privatization advocates plan to point to the decimated agency and declare, "Look how Social Security sucks."
"They’ve been trying to privatize it for decades," said the SSA worker. "Now this will give them the excuse.”
Benesch said Friday that Cruz is "giving away the other half" of the Republican scheme by promoting the eventual expansion of Trump Accounts, investment vehicles under which children born between January 1, 2025 and December 31, 2028 are eligible for $1,000 in "seed money" from the federal government. Parents of eligible children can contribute up to $5,000 per year to the accounts.
Cruz's comments are not the first time a Republican official has openly characterized Trump Accounts as a potential avenue for Social Security privatization.
"In a way, it is a backdoor for privatizing Social Security," US Treasury Secretary Scott Bessent said last summer. "Social Security is a defined benefit plan paid out that—to the extent that if all of a sudden these accounts grow, and you have in the hundreds of thousands of dollars for your retirement—then that's a game changer, too."
It’s been twenty years since Bush tried to do Social Security private accounts and they still haven’t realized workers’ Social Security taxes pay for *current retiree* benefits and not future benefits so you can’t do this without cutting current retiree benefits. https://t.co/eq9OnuhXVr pic.twitter.com/vguJN6pfuO
— Brendan Duke (@Brendan_Duke) May 8, 2026
Axios reported Friday that "the idea that Trump Accounts could replace or augment Social Security is something that has been talked about behind closed doors with lawmakers."
"But no one has wanted to touch that third rail, at least publicly," the outlet added, citing a person familiar with the private conversations.
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, noted in a Friday statement that polling has found little support for privatizing Social Security, with a 2022 survey finding that just 15% of American voters back the idea.
"Turning over Americans’ hard-earned benefits to Wall Street would expose future retirees to unnecessary risk while lining the pockets of the financial elites who donate to Republicans," said Richtman. "Ted Cruz, Donald Trump, and their Republican allies should realize that the people will not stand for privatization of their hard-earned benefits, and we in the advocacy community will continue to ensure that it never happens."
"Does anyone really care if the Strait of Hormuz is open?" asked one banking executive.
Even as President Donald Trump's illegal war with Iran and tariffs on foreign goods are hammering working-class Americans, a new report shows that members of the US elite have never had it better.
As The Financial Times reported on Thursday, attendees at the annual Milken Institute conference in Beverly Hills this week were living in "blissful ignorance" of the economic pain hitting workers in the US and around the world.
“People are glossing over the war with Iran,” an anonymous private credit firm executive told The Financial Times. “They've become desensitized to it. For some reason, people are saying, ‘Yeah, so what?'"
The Financial Times also quoted one person described as a "high-powered banker" who asked, "Does anyone really care if the Strait of Hormuz is open?"
Ted Koenig, chief executive of Monroe Capital, told The Financial Times that, while people at the conference were vaguely aware of the suffering of middle-class and working-class Americans, "at the end of the day, everyone’s focused on their own investment portfolios, especially here."
While the mood at the Milken conference may have been buoyant thanks to the record-setting stock market, fresh data released Friday showed Main Street America is feeling the exact opposite.
The University of Michigan's latest Surveys of Consumers found that consumer sentiment has hit another all-time low, driven in large part by anxiety over price increases caused by the Iran war.
"Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump," explained Joanne Hsu, director of the Surveys of Consumers. "Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall."
Tahra Hoops, director of economic analysis at Chamber of Progress, noted 30% of respondents in the latest Surveys of Consumers said that Trump's tariffs were driving up their expenses.
"It would do well for Dems to continue to shout that gas prices are high and tariffs are raising your costs!" Hoops wrote.
While consumer spending has for months held up in the wake of low confidence, McDonald's CEO Chris Kempczinski said this week that signs of real strain are starting to appear.
As CNBC reported Thursday, Kempczinski described the current economic environment as "challenging," and warned that "it’s certainly not improving, and it may be getting a little bit worse."
The fast food CEO pointed to high gas prices as a particular strain on working-class consumers, who are the most regular customers at McDonald's.
“Clearly, when you have elevated gas prices, which is the core issue that I think we’re all seeing about in the press right now, gas prices, inflation on that, that is going to disproportionately impact low-income consumers,” Kempczinski said. “And so we expect the pressures there are going to continue.”
Kempczinski wasn't the only CEO to sound alarms about US consumer spending this week.
According to a Thursday report from Market Watch, Whirlpool CEO Marc Bitzer said during a quarterly earnings call that the appliance industry had seen a 7.4% drop in demand in the first quarter of 2026.
"This level of industry decline is similar to what we have observed during the global financial crisis," said Bitzer, "and even higher than during other recessionary periods."