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'Kleptocracy in Action': Bernie Sanders Hammers Apple for Swaying Trump With 'Gold Statue'
"Want a tax break or special favor from the government? No problem," Sen. Bernie Sanders quipped.
Aug 08, 2025
Sen. Bernie Sanders on Friday tore into Apple CEO Tim Cook for scoring a special tax break for his company while presenting U.S. President Donald Trump with a 24-karat gold statue.
As reported by The Washington Post earlier, Cook presented Trump with the gold statue during an event at the White House in which the president announced that Apple would be exempt from the hefty 100% tariffs that he announced this week on imported semiconductors.
In a post on X, Sanders (I-Vt.) linked Trump's reception of the Apple statue to his decision to accept a luxury jet from the Qatari royal family that he will take with him after he leaves office.
"Want a tax break or special favor from the government? No problem," Sanders wrote. "If, unlike Qatar, you can't afford to give Trump a $400 million plane, just walk into the White House with a modest gold statue like Apple CEO Tim Cook. That works, too. Kleptocracy in action."
Sanders' denunciation of Trump's pay-to-play governance comes as he is planning to travel to West Virginia and North Carolina this weekend as the latest stop in his "Fighting Oligarchy" tour in which he'll hammer the recently passed Republican budget package that axed $1 trillion in funding from Medicaid over the span of a decade.
This argument could prove particularly effective in West Virginia, where KFF estimates that 513,000 residents, or roughly 29% of the population, are enrolled in either Medicaid or the Children's Health Insurance Program. What's more, KFF estimates that nearly half of all births in West Virginia are financed by Medicaid.
"I believe from the bottom of my heart, that whether you are in a red state, whether you're in a blue state or a purple state, the American people do not want to see massive tax breaks for billionaires and cuts to Medicaid, education, and nutrition," Sanders said in a Facebook video announcing his trip to the state.
Sanders is scheduled to speak in the city of Wheeling on Friday night before heading to stops in the cities of Lenore and Charleston on Saturday. On Sunday, he's headed to North Carolina, for events in Greensboro and Asheville.
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Warren Asks If Bezos 'Subservience' to Trump Involves Tariff Quid Pro Quo
"What happened in that call?" asked the Democratic senator. "I'm pressing for answers."
May 01, 2025
U.S. Sen. Elizabeth Warren on Wednesday pressed Jeff Bezos for answers after the Amazon founder abruptly ditched a reported plan to display tariff costs to customers following a phone call with President Donald Trump.
On Tuesday, the White House lashed out at what Press Secretary Karoline Leavitt called "a hostile and political act" following reporting by Punchbowl News that Amazon "will display how much of an item's cost is derived from tariffs—right next to the product's total listed price."
"Yesterday's activity appears to be another example of Big Tech working together with President Trump to seek special favors."
However, after Trump and Bezos spoke over the phone, the president called the multibillionaire "a good guy" who "solved the problem very quickly."
In a letter to Bezos, Warren (D-Mass.) wrote that "these reports raise questions about the nature of your conversations with President Trump, acnd what promises or favors you may have received in exchange for your subservience to him."
"Yesterday's activity appears to be another example of Big Tech working together with President Trump to seek special favors or support his policies in what can appear to be a quid pro quo," the senator continued—an assertion refuted as "inaccurate" by an Amazon spokesperson.
Amazon had plans to show customers how much Trump tariffs are raising prices. Then Bezos got on the phone with Trump and reversed course. What happened in that call? I'm pressing for answers.
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— Elizabeth Warren (@warren.senate.gov) May 1, 2025 at 7:58 AM
"If Amazon had followed through on any plans to provide transparency on tariff costs, it could have provided important information for consumers, allowing them to find out for themselves some of the true costs of President Trump's broad and chaotic tariff policies," Warren added.
Approximately 70% of the products sold on Amazon made in China, which Trump recently hit with a 145% levy on a sweeping range of imported goods. China retaliated with a 125% tariff on U.S. imports. Economists are in near-universal agreement that such tariffs are a regressive tax on consumers. According to reports citing Chinese state media, the Trump administration has reached out to Beijing seeking talks on de-escalating the mutually destructive trade war.
Warren previously pressed Apple CEO Tim Cook over the Trump administration's massive tariff exemptions for company products including iPhones, computers, and microprocessors.
"My concerns about the potential for tariff-related corruption to benefit Big Tech firms—who provided millions in donations to the Trump inaugural committee—and other insiders as the president rolls out, reverses, and modifies his policies have become more acute with each passing day," the senator said in her letter.
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Warren Demands Big Tech CEOs Come Clean on Cozying Up to Trump for Corporate Tax Giveaways
Given that "American taxpayers will shoulder the burden of tax cuts" for major tech companies, she argued, "they deserve answers."
Mar 06, 2025
U.S. Sen. Elizabeth Warren this week sent letters to five Big Tech executives—including the world's three richest individuals—to sound the alarm about their "personal and financial ties to the Trump administration" and how they "may be exploiting" those relationships for billions of dollars in corporate tax breaks.
The Massachusetts Democrat's targets include Tesla CEO Elon Musk, the wealthiest person on Earth and head of President Donald Trump's Department of Government Efficiency, which is leading the administration's effort to dismantle the federal bureaucracy.
She also wrote to Mark Zuckerberg, CEO of Meta—which owns Facebook and Instagram—as well as Amazon.com founder and executive chairman Jeff Bezos. As of Thursday, they are respectively the second- and third-wealthiest people on the planet. Warren's final two letters went to Apple CEO Tim Cook and Sundar Pichai, chief executive of Alphabet, Google's parent company.
"This $75 billion windfall is only one slice of the billions of dollars that you stand to gain from Republican efforts to lower your taxes while raising costs for working families."
Warren and other Democrats on Capitol Hill are intensely critical of the Tax Cuts and Jobs Act (TCJA), which congressional Republicans passed and Trump signed in 2017. The law was largely crafted to serve rich individuals and businesses, including by slashing the corporate tax rate from 35% to 21%.
Now that the GOP has regained control of the White House and both chambers of Congress, its members are aiming to extend expiring provisions of the TCJA—funded by gutting programs for the working class.
As Warren's office noted in a Thursday statement, the TCJA ended "a corporate tax break known as research and development (R&D) expensing to help pay for their tax cuts for the ultrawealthy. This tax break allowed companies to deduct the total cost of their R&D expenses immediately, instead of deducting them over time, as is the standard practice in the tax code."
"This change was one of the few parts of the 2017 bill that forced companies to pay higher taxes," her office explained. "Now, corporations want to revert back to the pre-2017 rules—and not only do corporations want to apply immediate R&D expensing to future tax years, but they are also pushing to retroactively apply these deductions to 2022, 2023, and 2024."
Warren's letters cite a recent independent analysis by the Institute on Taxation and Economic Policy, which found that retroactive application of R&D expensing alone would slash each company's tax bill by billions of dollars—specifically, Tesla: $2.5 billion; Meta: $15 billion; Amazon: $22 billion; Apple: $10 billion; and Alphabet: $24 billion.
In other words, Warren wrote, "collectively, Alphabet, Amazon, Apple, Meta, and Tesla are projected to win $75 billion if Congress awards them retroactive R&D tax expensing—nearly double what the federal government spends on child nutrition programs each year and a fantastic return on investment for the millions you have spent lobbying on the tax fight."
"And this $75 billion windfall is only one slice of the billions of dollars that you stand to gain from Republican efforts to lower your taxes while raising costs for working families," she continued, pointing out that GOP lawmakers may "succeed in lowering the corporate tax rate even further, as President Trump has sought, or in handing out other tax giveaways to massive corporations."
Given that "American taxpayers will shoulder the burden of tax cuts" for major tech companies, "they deserve answers," argued Warren, a member of the Senate Finance Committee. She demanded responses to a list of questions by March 19.
Warren's inquiries include how much the companies are spending on lobbying for Republicans' tax legislation, and the R&D provision specifically; which trade associations, lobbying coalitions, or similar entities that they are a part of; and how much they have given, directly or indirectly, to federal elected officials who are advocating for corporate tax giveaways.
The senator also asked "exactly how much" of the retroactive tax breaks that the tech giants would put toward R&D investment and how they expect it will impact the companies' outlook for stock buybacks and executive compensation.
The potential tax law change is just one way Republican control of the federal government could benefit Big Tech. As the watchdog Public Citizen highlighted Tuesday, Amazon, Apple, Google, Meta, and Tesla are among dozens of companies with ties to the Trump administration that could benefit from its efforts to end corporate probes and enforcement actions.
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