Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a 2% federal levy on wealth above that line - every year, forever, on top of everything else you already pay. The vehicle is Elizabeth Warren's Ultra-Millionaire Tax Act, which Khanna notes he has cosponsored every single year it's been introduced. And before anyone reaches for the estate planner: Khanna wants the levy to pierce irrevocable trusts, with the tax billed to the grantor who set them up - because parking a fortune in a trust, in his telling, shouldn't take it off the government's books. Former Microsoft executive Steven Sinofsky summed up the reveal in eight words: "Just like that, no longer a billionaires tax." All of which lands a little awkwardly next to this week's Free Beacon report detailing how Khanna's own family fortune - courtesy of centimillionaire father-in-law and auto-parts magnate Monte Ahuja - is sheltered through the very sort of irrevocable trusts the congressman now wants taxed to the grantor. Per the Beacon, Khanna's minor children hold trust stakes in three private golf clubs and multiple hedge funds, the family occupies a $6 million, marble-clad Washington home with a private elevator, and the congressman's financial disclosures run to 333 pages of conveniently non-searchable tables. What it does say, in writing, is what the fine print has said all along: the number was never $1 billion. This week it's $50 million. Ask again next cycle. In yet another desperate power grab, radical Democrat Governor Gavin Newsom is warning that anyone who dares help President Trump protect election integrity in California will be prosecuted. He’s now moving forward with legislation to make it a FELONY to seize ballots before they’ve been certified by his hand-picked state and county officials. This is the same Gavin Newsom who has spent years resisting basic election security while California’s system remains wide open to abuse. In a video statement posted on social media, Newsom warned that anyone who assists President Donald Trump in what he described as interference with California’s elections would face prosecution under state law. This new felony push is a direct escalation from earlier this year. As we reported, Riverside County Sheriff Chad Bianco (a Republican and gubernatorial candidate) seized over 650,000 ballots to investigate serious discrepancies in a special election, including reports of mysteriously extra votes. Democrats and Attorney General Rob Bonta went into full panic mode, trying to block the investigation through the courts. Now Newsom wants to make sure nothing like that ever happens again, not by sheriffs, not by citizens, and certainly not by federal officials working under President Trump. The U.S.-brokered interim ceasefire with Iran is now over. President Donald Trump made the declaration Wednesday, telling reporters at the NATO defence summit in Ankara, Turkey: “These are evil, sick people,” before describing Tehran’s negotiators as scum and a cancer that needs to be excised. A clearly angry Trump further added he didn’t “want to deal with them any more” after launching overnight strikes on the totalitarian Islamic republic after it attacked commercial shipping in the Strait of Hormuz, as Breitbart News reported. “We don’t like them, they’re evil people. They’re crazy and they’re not going to have a nuclear weapon.” Trump accused the Iranians of repeatedly misrepresenting what had been agreed in the ceasefire Washington and Tehran signed on June 17.
First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"
Tyrant Gavin Newsom Panics: Threatens to Prosecute Anyone Helping President Trump Secure Fair Elections – Pushes New Felony Law to Criminalize Ballot Scrutiny Before Certification:
Trump Declares U.S.-Brokered Ceasefire with ‘Cuckooo’ Iran Is Over: