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How the 1% like to heal the world

“Critics have pointed out that very wealthy donors devote their considerable resources to their personal whims but are accountable to no one” writes Personal Finance Reporter for marketwatch.com. That’s because very wealthy donors are making up the difference and contributing more.The 50 donors on the list gave out $14.1 billion in 2018, up from $12.6 billion in 2017, Forbes reported.The Forbes 50 donors appeared to differ from their wealthy peers in one key regard: They seem less interested in giving to religious causes. Source: marketwatch.com

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Trump’s tax break to help the poor went to a superyacht marina owned by a rich GOP donor in Florida, according to reports

“The opportunity zone tax break was pitched as the prime anti-poverty measure of Trump’s signature legislative achievement, the Tax Cuts and Jobs Act of 2017” writes Justin Elliott for businessinsider.com. Vidueira added that “Rybovich has never planned the use of any Opportunity Zone tax deferment for its property.”. A week later, on April 19, Scott announced his selections for the opportunity zone tax break, the superyacht tract among them.Previous revelations about billionaires taking advantage of the opportunity zone program for already-planned developments in wealthy areas have spurred congressional scrutiny. Source: businessinsider.com

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A Trump tax break to help the poor went to a rich GOP donor’s superyacht marina

“In the newly designated opportunity zones, investors get a trio of subsidies” writes Justin Elliott for sun-sentinel.com. If investors take capital gains — generated, for example, by the sale of stock that has increased in value — and put it into a deal in one of the zones, they don’t have to pay capital gains tax up front.Later, their tax bills are trimmed. And, most important, any appreciation on the new investment in the opportunity zone is tax-free after a decade. Source: sun-sentinel.com

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Boris Johnson’s Conservative party has received cash from 9 Russian donors named in a suppressed intelligence report

“Other Russian donors to the Conservative party include Lubov Chernukhin, who is married to Vladimir Chernukhin, a former ally of Putin” writes Adam Bienkov for businessinsider.com. Boris Johnson’s Conservative Party has received a surge in cash from nine Russian donors, who have been named in a suppressed investigation into Russia’s attempts to undermine democracy in the UK. The report by Parliament’s Intelligence and Security Committee identifies close links between major donors to the Conservative party and the Russian government, the Sunday Times reports.Sources who have seen the report told the…

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Women donations for Trump surge, No. 1 in suburbs

“Despite a crush of stories that suggest he is losing suburbs largely due to women deserting him, President Trump is seeing a surge in donations from women and is tops in receiving big checks from suburban women” reports washingtonexaminer.com. An estimated 59% of Trump’s donations are from small-donors, so Trump’s contributions from women are most certainly higher than $15 million.He has the most big-dollar suburban women donors, 10,534, and has received the most from them, $8,293,135, than any of the Democrats, according to a study from OpenSecrets.org, part of the…

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Democratic establishment is right to panic

“Last week, The New York Times published an eye-popping story about a recent dinner at a ritzy Manhattan hotel, where Democratic big donors fantasized about possible late entrants to the presidential race” writes Syndicated Columnist for seattletimes.com. While they share big donors’ commitment to defeating Trump, they are not willing to be restorationists.They are committed to defeating the centrist orthodoxy that Democratic leaders, largely under the influence of donors, have clung to for too long. Source: seattletimes.com

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The Democratic candidate’s stance on getting big money out of politics is getting more aggressive.

“Beyond her own personal pledges, Warren also wants to sharply limit corporate PACs” writes Senior Political Reporter for huffpost.com. Politicians in both parties have used plum diplomatic gigs as a way to reward major campaign donors.Warren would make corporate PAC donations to candidates illegal.Many Democrats in recent years have pledged to not take money from corporate PACs, which are created by companies to bundle donations from executives and funnel them to politicians. Source: huffpost.com

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Buttigieg leads presidential pack in fundraising in Illinois, though Sanders has 12,000 more donors

“SOURCES: Chicago Sun-Times data analysis by Andy Boyle using Federal Election Commission data from the Center for Responsive Politics” writes Oct Cdt for suntimes.com. Entrepreneur Andrew Yang produced $133,295 and has sparked some interest since he has an estimated 5,049 Illinois donors.Data analysis by the Chicago Sun-Times’ Andy Boyle using FEC data from the Center for Responsive Politics.Biden, the former vice president whose frontrunner status is being challenged by Warren, got $724,391 from an estimated 9,395 donors. Source: suntimes.com

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