

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.

Buried deep in a bill outlining Republican tax cuts for the wealthy is language pulled from speech-chilling 2024 legislation that was dubbed the ‘Nonprofit Killer’
On Wednesday morning, the House Ways and Means Committee voted along party lines to approve budget-reconciliation legislation that revives language from a shelved 2024 bill giving the White House dangerous powers to crush dissenting voices in America’s nonprofit sector.
H.R. 9495, which failed to pass in the previous Congress, would have granted the executive branch broad and easily abused powers to revoke the tax-exempt status of a nonprofit by merely claiming that it is a “terrorist supporting organization.” Though the House passed the legislation in November 2024 with a narrow majority, mounting public opposition turned many legislators against it. As a result, the Senate didn’t bring the bill to the floor before Congress’ term expired.
H.R. 9495’s draconian language was buried on page 380 of the pre-marked-up bill. If it passes Congress, the reconciliation measure would grant the U.S. Secretary of Treasury the ability to accuse any nonprofit of supporting terrorism — and to terminate its tax-exempt status without due process.
Free Press Action Advocacy Director Jenna Ruddock said:
“Like zombies returning from the dead, House Republicans’ reconciliation bills revive some of the most horrifying ideas of past Congresses. Today, the legislation formerly known as H.R. 9495 has returned to wreak havoc against dissenting voices across the country’s nonprofit sector. Like too many other overbroad and easily abused powers, this measure would undoubtedly be weaponized by a White House with a track record of attacks against any speech that displeases our authoritarian president.
“If it were signed into law, the legislation would allow this or any other administration to accuse any nonprofit it dislikes of supporting terrorism — putting the burden on the organization to prove otherwise, or risk losing its tax-exempt status. The bill would have a widespread chilling effect not only on nonprofit groups but on the millions of people across the United States who rely on these organizations to help them access crucial services and engage in the political process.
“The bill has dangerously broad statutory language that would allow the Trump administration to interpret its authority in any number of harmful ways. Every member of Congress must oppose handing such sweeping powers to an increasingly dictatorial executive. When H.R. 9495 came before Congress last year, tens of thousands of people picked up their phones or signed petitions to express deep concerns about this profoundly anti-democratic measure. People must again reach out to their elected representatives and senators and call out the massive potential for abuse before it’s too late.
“This measure’s real intent lurks behind its hyperbolic and unsubstantiated anti-terrorist rhetoric: It would allow the Treasury Department to explicitly target, harass and investigate thousands of U.S. organizations that make up civil society, including nonprofit newsrooms. The bill’s language lacks any meaningful safeguards against abuse. Instead it puts the burden of proof on organizations rather than on the government. It’s not hard to imagine how the Trump administration would use it to exact revenge on groups that have raised questions about or simply angered the president and other officials in his orbit.
“Chilling free speech doesn’t keep Americans safe. Instead it gives an authoritarian regime another tool to violate the rights that form the foundation of a healthy democracy.”
Free Press was created to give people a voice in the crucial decisions that shape our media. We believe that positive social change, racial justice and meaningful engagement in public life require equitable access to technology, diverse and independent ownership of media platforms, and journalism that holds leaders accountable and tells people what's actually happening in their communities.
(202) 265-1490Data released by the University of Michigan and Gallup this week showed US consumer sentiment cratering even as stock markets hit record highs.
Multiple polls and surveys released in recent days have shown US consumer sentiment cratering—and all the while, the US stock market keeps hitting record highs.
The Kobeissi Letter, a financial newsletter, posted a graphic Saturday that matched consumer sentiment as measured by the University of Michigan's Surveys of Consumers with the performance of the S&P 500 stock index over a 30-year span.
The graphic shows that, up until around 2020, consumer sentiment matched stock market performance closely, although there was a large divergence between the two leading up to the 2008 financial crisis, where stocks briefly outperformed consumer sentiment before crashing downward as the housing bubble burst.
But throughout the last six years, the graphic shows, the S&P 500 has produced an almost continuous upward surge even as consumer sentiment spirals downward.
Absolutely incredible:
Over the last 6 years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952.
We are witnessing the formation of the biggest wealth divide in modern history. https://t.co/XGMR6DfuNc pic.twitter.com/2w7cRvn7ok
— The Kobeissi Letter (@KobeissiLetter) May 23, 2026
"Absolutely incredible," commented Kobeissi Letter. "Over the last six years, the S&P 500 has risen +130% while US Consumer Sentiment has collapsed by -55%, to its lowest since data began in 1952. We are witnessing the formation of the biggest wealth divide in modern history."
Kobeissi Letter produced the graphic one day after the University of Michigan's latest survey found consumer sentiment hitting the lowest level on record.
Joanne Hsu, director of the survey, observed that "the cost of living continues to be a first-order concern, with 57% of consumers spontaneously mentioning that high prices were eroding their personal finances, up from 50% last month."
On the same day, Gallup published new data showing that Americans' economic confidence has fallen to its lowest level since October 2022, with just 16% of Americans rating the economy as excellent or good, and nearly half describing it as poor.
Axios reported on Saturday that even Republicans have been growing sour on the US economy, citing a recent poll from The Associated Press showing GOP approval of President Donald Trump on the economy to be at around 60%, down from 80% just three months ago.
"The growing GOP gloom could hardly come at a worse time for Trump and the party," Axios noted, "less than six months out from a midterm election that's likely to turn on the economy."
The gap between overall consumer sentiment and stock market performance also lines up with recent consumer spending trends. Data published by The Financial Times earlier this year showed that the top 10% of earners in the US now account for nearly half of all consumer spending, while the bottom 80% of earners now account for less than 40% of all consumer spending.
A February report from TD Economics economist Ksenia Bushmeneva noted that “the economic divide between America’s households at the top of the income spectrum and everyone else continued to widen last year,” as “upper-income households benefited from the still-robust wage growth, strong gains in equity markets, and better access to consumer credit.”
"Private equity is destroying our favorite baseball team, stripping them for parts," Democratic US Senate candidate Platner said in an ad that aired on the New England Sports Network.
Maine Democratic US Senate candidate Graham Platner on Saturday said that a campaign ad that aired during a Boston Red Sox game was "taken down" after it took aim at the team's ownership.
The ad in question features Platner discussing the role that private equity firms play in the US economy, including sports teams.
"Private equity is destroying our favorite baseball team, stripping them for parts," Platner says at the start of the ad. "Private equity is buying up our homes, our sports, and our lives. I will reverse the private equity curse."
Private equity is taking our homes. It's taking our hospitals. It's taking beloved local businesses and stripping them for parts.
And now private equity is running the Red Sox into the ground.
Our new ad ⬇️ pic.twitter.com/w7LapElpdA
— Graham Platner for Senate (@grahamformaine) May 22, 2026
Platner concludes the ad by saying that he approves this message "because I miss Mookie Betts," the star player whom the Red Sox traded to the Los Angeles Dodgers in 2020 in a deal that was widely decried by local fans as a salary dump.
According to Platner, his campaign began airing the ad Friday on the New England Sports Network (NESN), the cable TV station owned partially by Fenway Sports Group, the conglomerate that owns the Red Sox.
However, he said that "midway through the game the ad was taken down" by NESN, after which the Red Sox proceeded to blow a 4-0 lead, losing to the Minnesota Twins by a final score of 8-6.
Platner, an oyster farmer and upstart candidate who has never before held political office, became the Democratic Party's presumptive nominee for the 2026 US Senate race in Maine last month after his top rival, Democratic Maine Gov. Janet Mills, dropped out of the race.
In recent weeks, Platner has pivoted to challenging incumbent Sen. Susan Collins (R-Maine), who has held the seat since 1996 and is now running for her sixth term in office.
The policy change means "we could have families separated for months or years," said one expert.
Critics are slamming the Trump administration for implementing a new rule that foreigners who apply for green cards must do so from abroad.
US Citizenship and Immigration Services (USCIS) on Friday announced that foreigners currently in the US who want to establish permanent legal residency must first return to their countries of origin to apply for a green card.
This announcement broke with decades of US immigration policy, which made it possible for immigrants in the US to obtain green cards without having to leave the country.
Doug Rand, a former senior advisor at USCIS under President Joe Biden, said in an interview with The Associated Press that "the goal of this policy is very explicit," which is to block a path to citizenship "for as many people as possible."
Sarah Pierce, a former USCIS policy analyst, told The New York Times that the rule change could have particularly dire consequences to foreigners who are married to US citizens and will now have to apply for permanent residency from overseas.
"Our consular processing system through which they would have to apply is already overburdened," Pierce explained. "So that means we could have families separated for months or years."
Aaron Reichlin-Melnick, senior fellow at the American Immigration Council, similarly noted that the new policy "could force people to leave their jobs, homes, and families for weeks or months, all at their own expense" just to stay in a country where they have already established roots.
Reichlin-Melnick said that the full scope of the policy isn't yet clear because there are several unknown details about how broadly it will be applied, but added that "in the meantime, hundreds of thousands of immigrants now have to worry about upending their lives to get a legal status that they are entitled to under our laws."
Drop Site News reporter Ryan Grim argued that the new policy rips the mask off Trump administration claims that they aren't opposed to all immigration, they simply want to reduce undocumented immigration.
"The talking point that we do want legal immigration, we just want people to get in line and follow the rules, is BS," Grim commented. "This is an attempt to blow up the line, blow up the rules, and make it insanely difficult to immigrate legally."
Rep. Chuy García (D-Ill.) echoed Grim's comments by pointing out that the new policy shows the Trump administration's disdain for immigration overall.
"This new policy will force thousands of LEGAL immigrants, including spouses of US citizens, to leave their homes, families, and jobs for weeks or even months to get their green card outside the US," said García. "This is an absurd and cruel policy."
Rep. Adriano Espaillat (D-NY), chairman of the Congressional Hispanic Caucus, condemned the new policy for targeting "students, scientists, entrepreneurs, spouses of US citizens, and other individuals following legal immigration processes."
"Aspiring lawful permanent residents are valued members of our communities, workforce, and economy," Espaillat emphasized. "I will continue fighting to protect the rights of aspiring green card holders and immigrant families."