TOPLINE

As lawmakers prepare to pass the next round of economic stimulus legislation at the end of this month, congressional Republicans and the Trump administration are considering proposals to drop the eligibility income threshold on the next round of stimulus checks, according to a report from the Washington Post.

KEY FACTS

Under the first round of direct payments, Americans making less than $75,000 were eligible for a $1,200 check; that figure was phased out gradually for individuals with income levels up to $99,000. 

The Post cited four people aware of the private deliberations who said the potential, new income limit is yet to be determined. 

The talks come as GOP lawmakers face increasing pressure to both limit government spending on the next package and prepare for the potential for more economic damage as coronavirus cases spike across the country. 

New restrictions that are accompanying the resurgence of the virus—like a second wave of business shutdowns—have already caused economic damage in the hardest-hit states, analysts from Goldman Sachs said on Saturday. 

Lawmakers will have just 11 days in July to pass new legislation before they depart again for their August recess. 

If they are unsuccessful, some critical provisions of the CARES Act—like the extra $600 per week in unemployment benefits and the PPP program—will expire with nothing lined up to replace them. 

Crucial quote

Last week, Senate Majority Leader Mitch McConnell said a second stimulus check “could well” be included in the next round of legislation—that’s a major change of heart for the GOP leader, who has up till now been vocal in his opposition to more government spending. McConnell also said, “I think the people who have been hit the hardest are people who make about $40,000 a year or less,” leading to some speculation that eligibility may be capped at $40,000 for the next round of checks. It isn’t clear, however, that McConnell was referring specifically to the checks. 

Key background

As new virus cases continue to skyrocket in Texas, Florida, Arizona, and California, many states are pausing or walking back their reopening plans altogether. And as businesses close again and economic recovery falters, lawmakers are under even more pressure to pass more relief legislation. In May, the Democratic House passed the Heroes Act, a sweeping $3 trillion package that included more stimulus checks, an extension for the expanded unemployment program, and more aid for states and local governments. That bill has not yet been addressed in the Republican-led Senate.

Further reading 

GOP eyes narrowing second round of $1,200 stimulus payments (Washington Post)

GOP Suddenly Expresses Urgency On Stimulus: ‘Congress Needs To Act In July’ (Forbes)

It’s Official: Trump Wants A Second Round Of Stimulus Checks In ‘Larger Numbers’ Than Democrats (Forbes)

America’s Economy Is Taking Another Hit As Coronavirus Cases Surge And Businesses Shut Down Again (Forbes)

Source Article from https://www.forbes.com/sites/sarahhansen/2020/07/09/report-gop-officials-weighing-a-lower-income-cap-for-second-round-of-stimulus-checks/

The Supreme Court ruled Thursday that about half of the land in Oklahoma is within a Native American reservation as stated in treaties.

Brendan Smialowski/AFP via Getty Images


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Brendan Smialowski/AFP via Getty Images

The Supreme Court ruled Thursday that about half of the land in Oklahoma is within a Native American reservation as stated in treaties.

Brendan Smialowski/AFP via Getty Images

The Supreme Court ruled Thursday that about half of the land in Oklahoma is within a Native American reservation, a decision that will have major consequences for both past and future criminal and civil cases.

The court’s decision hinged on the question of whether the Creek reservation continued to exist after Oklahoma became a state.

“Today we are asked whether the land these treaties promised remains an Indian reservation for purposes of fed­eral criminal law. Because Congress has not said otherwise, we hold the government to its word,” Justice Neil Gorsuch wrote in the majority opinion.

The decision was 5-4, with Justices Gorsuch, Sonia Sotomayor, Ruth Bader Ginsburg, Elena Kagan and Stephen Breyer in the majority, while Justices John Roberts, Brett Kavanaugh, Samuel Alito and Clarence Thomas dissented.

The ruling will have significant legal implications for eastern Oklahoma. Much of Tulsa, the state’s second-largest city, is located on Muscogee (Creek) land. The Muscogee (Creek) Nation cheered the court’s decision.

“The Supreme Court today kept the United States’ sacred promise to the Muscogee (Creek) Nation of a protected reservation,” the tribe said in a statement. “Today’s decision will allow the Nation to honor our ancestors by maintaining our established sovereignty and territorial boundaries.”

In a dissenting opinion, Roberts, the chief justice, wrote that the decision “will undermine numerous convictions obtained by the State, as well as the State’s abil­ity to prosecute serious crimes committed in the future,” and “may destabilize the governance of vast swathes of Oklahoma.”

Kevin Washburn is dean of the law school at the University of Iowa, where he teaches a course on federal Indian law — “It’s basically 15 weeks of how the law in the United States has failed my people,” he said.

He served as assistant secretary of Indian affairs from 2012 to 2016, and he’s a citizen of the Chickasaw Nation of Oklahoma. He called the court’s ruling “a great decision.”

“For Indian people, their land is really important, and treaties are really important. They’re sacred. And this reaffirms the sacredness of those promises and those treaties.”

“Now and then there’s a great case that helps you keep the faith about the rule of law,” he said. “And this is one of those.”

The ruling has a number of significant consequences for criminal law in the relevant portion of Oklahoma.

The first is that going forward, certain major crimes committed within the boundaries of reservations must be prosecuted in federal court rather than state court, if a Native American is involved. So if a Native American is accused of a major crime in downtown Tulsa, the federal government rather than the state government will prosecute it. Less serious crimes involving Native Americans on American Indian land will be handled in tribal courts. This arrangement is already common in Western states like Arizona, New Mexico and Montana, said Washburn.

Then there’s the issue of past decisions — many of them are now considered wrongful convictions because the state lacked jurisdiction. A number of criminal defendants who have been convicted in the past will now have grounds to challenge their convictions, arguing that the state never had jurisdiction to try them.

The case before the court, McGirt v. Oklahoma, concerned Jimcy McGirt, an enrolled member of the Seminole Nation of Oklahoma who was convicted of sex crimes against a child on Creek land. In post-conviction proceedings, McGirt argued that the state lacked jurisdiction in the case and that he must be retried in federal court. The high court agreed.

The ruling will affect lands of the Muscogee and four other Oklahoma tribes with identical treaties. Civil court issues are also affected.

It’s important to note that the case concerned jurisdiction, not land ownership.

Ruling that these lands are in fact reservations “doesn’t mean the tribe owns all the land within the reservation, just like the county doesn’t own all the land within the county. In fact, it probably doesn’t own very much of that land,” Washburn explained. “That’s not what a reservation is these days.”

Washburn compares a reservation to a county — terms that describe jurisdictional boundaries.

Oklahoma Attorney General Mike Hunter released a joint statement with the Muscogee (Creek), Cherokee, Chickasaw, Choctaw and Seminole nations on Thursday, indicating that they “have made substantial progress toward an agreement to present to Congress and the U.S. Department of Justice addressing and resolving any significant jurisdictional issues.”

Ian Heath Gershengorn, an attorney at Jenner & Block, argued McGirt’s case before the Supreme Court. He said his team was thrilled with the result and had felt optimistic knowing that Gorsuch could prove to be the deciding vote.

Gorsuch joined with the court’s more liberal members in the decision. Prior to his appointment to the high court, Gorsuch was a judge on the 10th U.S. Circuit Court of Appeals, which frequently sees cases involving Native American lands.

“Justice Gorsuch has made very clear in his short time on the bench that he takes the text deeply seriously,” Gershengorn said. “And I think you saw that the core of his analysis today was a textual one. We felt like we had the right argument at the right time for the right justice.”

Source Article from https://www.npr.org/2020/07/09/889562040/supreme-court-rules-that-about-half-of-oklahoma-is-indian-land

WASHINGTON — Army Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, told Congress on Thursday that the Trump administration was “perhaps not” doing “as much as we could or should” to deter Russia and other foreign powers from providing weapons and support to America’s enemies in Afghanistan.

Questioned at a House Armed Services hearing about the long history of Russia’s support for the Taliban, Milley said Russia was among many U.S. adversaries that for years have been providing “training, money, weapons, propaganda … and a lot of other things” to the Taliban and the Haqqani network, an Afghan guerrilla group.

The military has responded on the ground, he said, but “the issue is higher than that.”

“The issue is at the strategic level,” he said. “What should or could we be doing at the strategic level?”

The key question, Milley said, was whether there are sanctions that should be imposed, diplomatic protests lodged, phone calls made or other pressure brought to bear.

“I can tell you that some of that is done. Are we doing as much as we could or should? Perhaps not. Not only to the Russians, but to others. But a lot of it is being done. Some of it’s quiet. Some of it’s not so quiet.”

Milley and Defense Secretary Mark Esper, who also testified, said the military was looking into the intelligence that the Russians had offered payments to the Taliban as an incentive to kill Americans, but both said that military intelligence agencies had cast doubt on the reports and that they had seen no indication that any American was killed because of a so-called bounty program.

However, they acknowledged that Russia had been supporting the Taliban for years, and Milley’s comment was a concession that the U.S. has not pushed back as hard as it could. It is unclear whether President Donald Trump has ever raised the issue in his many conversations with Russian President Vladimir Putin.

Although Thursday’s hearing was ostensibly about the military’s role in quelling protests, several lawmakers asked about the intelligence about Russian bounties, first reported June 26 by The New York Times. The members said they had received a classified briefing on the intelligence before their hearing.

Esper said no intelligence report he saw used the word “bounty,” although he later acknowledged that the reports described payments. He said no military spy agency had corroborated the intelligence, which officials have said was developed largely by the CIA.

He said that he learned about the intelligence in February and that the military first saw it in January.

Both officials said the military and intelligence agencies continue to investigate. NBC News has reported that the CIA assessed the intelligence at a level of moderate confidence, meaning plausible and credibly sourced but less than certain. The National Security Agency, the Pentagon’s digital spying arm, gave a lower confidence level, and Esper said other military intelligence agencies did, as well.

“We’re going to dig into this. We’re going to get to the bottom of it, this bounty thing,” Milley said. “If, in fact, there’s bounties directed by the government of Russia or any of their institutions to kill American soldiers, that’s a big deal. We don’t have that level of fidelity yet.”

Source Article from https://www.nbcnews.com/politics/congress/gen-milley-tells-congress-u-s-perhaps-not-doing-enough-n1233352

Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.

The former vice president, speaking at an event in Pennsylvania, said he wanted to end the “era of shareholder capitalism.” 

“Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families,” Biden said. “If I am fortunate enough to be elected president, I’ll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don’t need me.”

Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump’s 2017 tax cuts but still below where the top rate was previously. 

Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on “Closing Bell” that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.

“There’s a lot of room in tax policy to be both sensible and fair and to promote economic growth,” said Lew, a supporter of Biden.

The U.S. stock market sold off sharply beginning in late February as the coronavirus pandemic began to spread in the U.S. and Europe, before hitting its recent bottom on March 23.

Since then, the S&P 500 has rallied more than 40% with unprecedented support from the Federal Reserve and the CARES Act, which expanded unemployment benefits and provided other fiscal relief. The broad market index is still down more than 2% for the year. 

The market rebound has come despite a dramatic increase in jobless claims that saw the unemployment rate rise to levels not seen since World War II. Unemployment was still above 11% in June despite a record gain of jobs, according to the Labor Department. 

Trump said in a tweet Monday that investment accounts would “disintegrate and disappear” if Biden won in November.

Lew said that Biden winning the presidency and Democrats taking control of both houses of Congress would not be a negative for investors. 

“I think the markets and the economy would be doing a lot better if we had stable leadership in Washington, if we had an experienced hand during times of crisis,” Lew said.

Source Article from https://www.cnbc.com/2020/07/09/biden-says-investors-dont-need-me-calls-for-end-of-era-of-shareholder-capitalism.html

Axios national political reporter Jonathan Swan told “Bill Hemmer Reports” Thursday that President Trump should be “fairly satisfied” with the Supreme Court’s ruling that blocks Congress from promptly obtaining his tax returns and financial records months before the November election.

“It could have been worse for him,” Swan told host Bill Hemmer. “This could have been a ruling in which Congress got their hands on his financial records and documents, and then it would have been public in about two minutes.”

SUPREME COURT BLOCKS CONGRESS FROM GETTING TRUMP’S TAX RECORDS, SENDING CASE TO LOWER COURT

Swan added, “I probably would have had them by now. This is the speed at which things leak out of Congress.”

The court declined to issue a definitive ruling on whether congressional committees can have access to Trump’s financial records, throwing the issue back to the lower courts.

The case involves subpoenas from four Democratic-led House committees for banking and accounting records involving Trump and his family. The ruling means it’s highly unlikely Congress would get the records before the November election.

“We don’t yet know exactly how fast this will proceed,” Swan said, “but if the outcome ends up being that his financial records do not become public before the election, which seems the more likely outcome right now, that is a political victory for Donald Trump.”

CLICK HERE FOR THE FOX NEWS APP  

In a separate ruling, the court declared Trump vulnerable to a subpoena over his financial and tax records by Manhattan District Attorney Cyrus Vance, Jr. – also throwing the issue back to lower courts.

Trump voiced his displeasure with the high court on Twitter, calling their decision unfair “to this Presidency or Administration” and a “political prosecution.”

Fox News’ Julia Musto contributed to this report.

Source Article from https://www.foxnews.com/media/jonathan-swan-supreme-court-trump-tax-ruling

Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.

The former vice president, speaking at an event in Pennsylvania, said he wanted to end the “era of shareholder capitalism.” 

“Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families,” Biden said. “If I am fortunate enough to be elected president, I’ll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don’t need me.”

Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump’s 2017 tax cuts but still below where the top rate was previously. 

Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on “Closing Bell” that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.

“There’s a lot of room in tax policy to be both sensible and fair and to promote economic growth,” said Lew, a supporter of Biden.

The U.S. stock market sold off sharply beginning in late February as the coronavirus pandemic began to spread in the U.S. and Europe, before hitting its recent bottom on March 23.

Since then, the S&P 500 has rallied more than 40% with unprecedented support from the Federal Reserve and the CARES Act, which expanded unemployment benefits and provided other fiscal relief. The broad market index is still down more than 2% for the year. 

The market rebound has come despite a dramatic increase in jobless claims that saw the unemployment rate rise to levels not seen since World War II. Unemployment was still above 11% in June despite a record gain of jobs, according to the Labor Department. 

Trump said in a tweet Monday that investment accounts would “disintegrate and disappear” if Biden won in November.

Lew said that Biden winning the presidency and Democrats taking control of both houses of Congress would not be a negative for investors. 

“I think the markets and the economy would be doing a lot better if we had stable leadership in Washington, if we had an experienced hand during times of crisis,” Lew said.

Source Article from https://www.cnbc.com/2020/07/09/biden-says-investors-dont-need-me-calls-for-end-of-era-of-shareholder-capitalism.html

Former Trump lawyer Michael Cohen was taken back into custody Thursday morning and is now at the Metropolitan Detention Center in Brooklyn after the Federal Bureau of Prisons said Cohen violated “the conditions of his home confinement.”

Cohen, the former attorney for President Trump who was imprisoned last year after pleading guilty to several charges, was released from a federal prison in upstate New York in May amid concerns over coronavirus.

“Today, Michael Cohen refused the conditions of his home confinement and as a result, has been returned to a BOP facility,” the statement said. “On May 21, 2020, Mr. Cohen was placed on furlough pending placement on home confinement.”

MICHAEL COHEN CAUGHT AT NEW YORK CITY RESTAURANT — AND IT COULD LAND HIM BACK IN PRISON

Cohen’s attorney Jeffrey Levine told Fox News that Cohen had been negotiating terms of home confinement with an ankle bracelet and had traveled to the offices of federal prosecutors in the Southern District of New York to “discuss terms and conditions” of federal monitoring.

Levine said that rather than complete the discussions, parole officials told Cohen and Levine that the conversation was over and called the U.S. Marshall’s service to take Cohen into custody.

Recent reports said Cohen was seen at a restaurant in Manhattan, which raised concerns that he was in violation of his home confinement terms. Levine did not say whether this is connected to his client going back behind bars.

Cohen was convicted of several charges including campaign finance violations in connection with hush payments made to women who claimed to have had affairs with Trump in the past. He started serving his sentence in May 2019 and was scheduled to be released in November 2021.

Michael Cohen dining out with three other people at the Le Bilboquet restaurant located at 20 E60th Street in New York, NY on July 2, 2020. (Photo/Christopher Sadowski)

On Thursday morning, the Supreme Court ruled in a case involving Manhattan prosecutors who are seeking Trump’s tax returns as part of a related investigation. The court stated that Trump does not have absolute immunity from state criminal investigations.

CLICK HERE FOR THE FOX NEWS APP

The Supreme Court also ruled Thursday morning on a case where House committee are seeking Trump’s financial records, with a subpoena from the House Oversight Committee to accounting firm Mazars USA coming after Cohen testified to Congress that the president’s accountants routinely and improperly altered his financial statements — including some signed by Mazars — to misrepresent his assets and liabilities.

Michael Cohen dining out with three other people at the Le Bilboquet restaurant located at 20 E60th Street in New York, NY on July 2, 2020. (Photo/Christopher Sadowski) 

A law enforcement official said that it is “coincidental” that Cohen was taken into custody the same day that the Supreme Court issued their decisions.

Fox News’ Marta Dhanis, John Roberts, David Spunt, and Brooke Singman contributed to this report.

Source Article from https://www.foxnews.com/politics/michael-cohen-former-trump-attorney-taken-back-into-custody

Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.

The former vice president, speaking at an event in Pennsylvania, said he wanted to end the “era of shareholder capitalism.” 

“Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families,” Biden said. “If I am fortunate enough to be elected president, I’ll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don’t need me.”

Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump’s 2017 tax cuts but still below where the top rate was previously. 

Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on “Closing Bell” that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.

“There’s a lot of room in tax policy to be both sensible and fair and to promote economic growth,” said Lew, a supporter of Biden.

The U.S. stock market sold off sharply beginning in late February as the coronavirus pandemic began to spread in the U.S. and Europe, before hitting its recent bottom on March 23.

Since then, the S&P 500 has rallied more than 40% with unprecedented support from the Federal Reserve and the CARES Act, which expanded unemployment benefits and provided other fiscal relief. The broad market index is still down more than 2% for the year. 

The market rebound has come despite a dramatic increase in jobless claims that saw the unemployment rate rise to levels not seen since World War II. Unemployment was still above 11% in June despite a record gain of jobs, according to the Labor Department. 

Trump said in a tweet Monday that investment accounts would “disintegrate and disappear” if Biden won in November.

Lew said that Biden winning the presidency and Democrats taking control of both houses of Congress would not be a negative for investors. 

“I think the markets and the economy would be doing a lot better if we had stable leadership in Washington, if we had an experienced hand during times of crisis,” Lew said.

Source Article from https://www.cnbc.com/2020/07/09/biden-says-investors-dont-need-me-calls-for-end-of-era-of-shareholder-capitalism.html

President Trump is not pleased with the Supreme Court’s decision on Thursday that his financial records have to be turned over to a New York grand jury.

Chip Somodevilla/Getty Images


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Chip Somodevilla/Getty Images

President Trump is not pleased with the Supreme Court’s decision on Thursday that his financial records have to be turned over to a New York grand jury.

Chip Somodevilla/Getty Images

Supreme Court cases are complicated, and their implications can be muddy.

But a few things are clear from what the court decided Thursday about the President Trump’s financial records. Presidents do not have absolute immunity from having to release financial records, and more specifically to Trump, we likely won’t see his taxes until after the presidential election.

That, though, may be beside the point, because allowing a New York grand jury — and motivated district attorney — to mine his records could jeopardize his brand, the fortune he built and even possibly his children, who work for the Trump Organization.

Here are some key questions answered about what the court decided and what it means politically.

Will I see Trump’s taxes?

Maybe eventually, but not before the November presidential election. That’s for a couple of reasons. Take the congressional case — the Supreme Court said that the case has to go back to the lower courts and that Congress has to better define what it is looking for from the president.

That could mean more hearings and appeals and the case eventually finding its way back to the Supreme Court. That would certainly not happen before November.

The other case involves a New York grand jury that is seeking Trump’s financial records, including his taxes, from third parties, like banks and accountants, and not from the president directly.

Little is known about that New York investigation, led by New York County District Attorney Cyrus Vance. The only way Trump’s taxes or other financial records would be made known to the public is if people were indicted, the case went to trial and the financial records were used as evidence. That would take months, if not longer.

Is this a win or loss for the president?

Overall, it’s a big loss. Details of his financial dealings are likely to eventually be made public — something Trump has long tried to avoid.

Now, he and his allies could argue that it’s not all bad, given that none of the information is likely to come out before November and, therefore, won’t have an impact on his potential reelection.

But given the country’s polarization, unless something provably criminal came out, it’s probably unlikely that it would have had much impact on the presidential election anyway. But that may not be the point. (More on that below.)

After all, the Access Hollywood tape, which showed Trump engaged in a lewd conversation about women, came out in October 2016, and Trump still won. And when it comes to taxes, Trump has said before that it made him “smart” to figure out how not to pay them. His base has never abandoned him.

All that said, look at how Trump is reacting to what were big decisions from the court — and in a 7-to-2 manner — that, bottom line, said a president does not have categorical immunity to block a subpoena just because he’s president.

Trump tweeted that it’s “not fair” that he has “to keep fighting in a politically corrupt New York” and that, in the past, the court has given “broad deference” to presidents.

Setting the record straight, though: The high court has never said a president has immunity from all forms of subpoenas. While the Justice Department’s Office of Legal Counsel has advised that a president should not be indicted while in office, the Supreme Court in U.S. v. Nixon forced the release of secret White House tape recordings that eventually led to Richard Nixon’s resignation.

Do we know what the New York grand jury is investigating?

We don’t know exactly what the grand jury is investigating — it’s a secret. But it could be anything and everything related to Trump, the Trump Organization and people around him. That was made pretty clear by the reaction from Vance after the ruling.

“This is a tremendous victory for our nation’s system of justice and its founding principle that no one — not even a president — is above the law,” Vance said in a statement. “Our investigation, which was delayed for almost a year by this lawsuit, will resume, guided as always by the grand jury’s solemn obligation to follow the law and the facts, wherever they may lead.”

“Wherever they may lead” is pretty expansive and shows why Trump is so irritated by all of this.

There are some clues from last year’s congressional testimony from Trump’s former lawyer and fixer, Michael Cohen.

“It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed among the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes,” Cohen said.

That’s just one example. A mysterious $50 million loan for a project in Chicago is also under scrutiny.

With all that, whether this matters to the presidential election might be beside the point. His financial records being fully investigated has the potential to imperil the organization he built and the people who work for it, including himself — and his children.

Remember, Trump was already ordered last year to pay $2 million in damages for misuse of funds from his foundation, and it was in the process of dissolving because of that.

How does Biden try to leverage this?

Presumptive Democratic presidential nominee Joe Biden has already been trying to make this a matter of corruption and transparency.

It certainly helps blunt Trump’s attacks on Biden for his son Hunter’s role in sitting on an energy company board in Ukraine while Ukraine was part of Biden’s portfolio as vice president.

Biden has gone after Trump on his taxes, pointing out that he himself has released 21 years of tax returns.

On Thursday, after the court’s ruling, Biden tweeted that point again: “As I was saying.”

Source Article from https://www.npr.org/2020/07/09/889447765/you-wont-see-trump-s-taxes-before-election-day-but-he-could-face-bigger-problems

TOPLINE

The head of the Centers for Disease Control and Prevention shot back at President Trump Thursday, saying the CDC would not revise its guidelines on safely reopening schools during the pandemic even after Trump railed against the guidelines, as well as schools that planned to reopen with remote-only courses and governors that have not yet promised to reopen schools this fall, as the subject becomes increasingly political ahead of the November election. 

KEY FACTS

CDC Director Robert Redfield pushed back in a Good Morning America interview Thursday saying that “our guidelines are our guidelines,” and that the CDC will provide additional reference documents for schools but that “it’s not a revision of the guidelines.”

Redfield emphasized that the CDC produces guidelines, not requirements, to help local jurisdictions and that the agency is working with the jurisdictions to “take the portfolio of guidance that we have given to make them practical for their schools to reopen.”

Other politicians question the administration’s ability to cut federal funding, as Evan Hollander, spokesperson for Democrats on the House Appropriations Committee, said in a statement to NPR that Trump “has no authority to cut off funding for these students, and threatening to do so to prop up his flailing campaign is offensive.”

About 90% of school funding comes from states and localities, and Trump has limited ability to curtail appropriations approved by Congress.

key background

On Tuesday, Education Secretary Betsy DeVos said she is “very seriously” looking at withholding federal funds from schools that don’t physically reopen this fall. “Schools have got to open up, there has got to be concerted effort to address the needs of all kids and adults who are fear-mongering and making excuses simply have got to stop doing it and turn their attention on what is right for students and for their families,” DeVos told Fox News’ Tucker Carlson.

Chief Critic

Trump has made his views clear.

tangent

Among many other measures, the CDC has recommended that desks be placed at least 6 feet apart and that students have staggered arrival times and eat lunch in their classrooms.

further reading

Trump Criticizes CDC And Threatens To Cut Funding For Schools That Refuse To Reopen (Forbes)

Trump Promises To Pressure Governors To Reopen Schools (Forbes)

Source Article from https://www.forbes.com/sites/elanagross/2020/07/09/cdc-director-says-agency-wont-revise-school-reopening-guidelines—despite-trump-pressure/

The former vice president’s campaign aides cheered on Twitter that the three leading cable news networks — CNN, Fox News and MSNBC — carried Mr. Biden’s speech live, even as his remarks were briefly interrupted by an audible downpour at the plant.

As Mr. Trump has increasingly focused his campaign on stoking white resentment and fears, Mr. Biden and his campaign have stressed their efforts to create “an economy for every American,” as Mr. Biden said on Thursday.

“Donald Trump may believe that pitting Americans against Americans may benefit him. I don’t,” he said. Later in his speech, he invoked Mr. Trump’s recent comments defending the Confederate flag and accused the president of being “determined to drive us apart.”

While Mr. Biden has said in speeches since he began his campaign more than a year ago that Wall Street is not the true economic engine of America, he sharpened his populist tone on Thursday, declaring it “way past time to put an end to shareholder capitalism.”

He lashed Mr. Trump, in particular, for his focus on the stock market as a metric of success as tens of millions of Americans have been driven to file jobless claims during the pandemic. “Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow, Nasdaq,” Mr. Biden said. “Not you. Not your families.”

Neil Newhouse, a veteran Republican pollster, called the economy a critical issue for Mr. Biden’s campaign to try to neutralize, especially if voters are focused on it this fall.

“It is probably the No. 1 issue for the Trump campaign,” Mr. Newhouse said. “The president’s job approval ratings have consistently been higher on the economy than any other measures.” In fact, he added, the president’s positive ratings on the economy have helped “hold up a lot of his other measures.”

Source Article from https://www.nytimes.com/2020/07/09/us/politics/biden-buy-american.html

In March, 40% of households making less than $40,000 lost their jobs, according to data from the Federal Reserve.

And some low-income individuals and families have proven difficult to reach. If they do not typically file tax returns or receive federal benefits, they may not be on the U.S. government’s radar.

As many as 12 million people are still at risk of not receiving even their first stimulus check for that reason, according to research from the Center on Budget and Policy Priorities, a nonpartisan research and policy institute.

“It’s right that we should target people at lower incomes,” said Kris Cox, senior tax policy analyst at the Center on Budget and Policy Priorities. “But we need to make sure they’re actually able to receive their payments.”

Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities, said it is “really heartening” that McConnell “identified the problem” that low-wage workers have been hit the hardest.

Still, there are other areas in which the government should focus first, Marr said, including making sure there is robust unemployment insurance, adequate Supplemental Nutrition Assistance Program benefits for people who need food, and shoring up state and local government budgets.

“That’s the things you really want to emphasize,” Marr said.

Source Article from https://www.cnbc.com/2020/07/09/fewer-americans-may-be-eligible-for-second-stimulus-checks.html

In a statement, Mike Hunter, Oklahoma’s attorney general, said the state and the Muscogee (Creek), Cherokee, Chickasaw, Choctaw, and Seminole Nations were working on an agreement to present to Congress and the U.S. Department of Justice addressing jurisdictional issues raised by the decision.

“We will continue our work, confident that we can accomplish more together than any of us could alone,’’ he said.

The case concerned Jimcy McGirt, a member of the Muscogee (Creek) Nation who was convicted of sex crimes against a child by state authorities in the Nation’s historical boundaries. He said that only federal authorities were entitled to prosecute him.

Mr. McGirt argued that Congress had never clearly destroyed the sovereignty of the Creek Nation over the area. The solicitor general of Oklahoma took the opposite view, saying the area had never been reservation land.

Source Article from https://www.nytimes.com/2020/07/09/us/supreme-court-oklahoma-mcgirt-creek-nation.html

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Source Article from https://www.cnn.com/2020/07/09/investing/stock-market-supreme-court-trump/index.html

The public battle between the two men intensified after Mr. de Blasio announced his Democratic presidential bid last year. The mayor made Mr. Trump’s behavior a focal point of his campaign, and the president repeatedly scorned the mayor’s hopes for higher office.

The painting outside Trump Tower is a part of a citywide project that will ultimately see at least one similar street painting in each of New York’s five boroughs.

As the work got underway on Fifth Avenue, activists, reporters and onlookers milled around, with some occasionally shouting criticism of Mr. Trump.

Sapur Postell, 65, who was sitting on a concrete barrier observing, said he had journeyed early from his home on Staten Island to witness the phrase being painted.

Mr. Postell said that the project had a deep meaning for him, because he was a descendant of people who had been enslaved, and that he hoped it would catch the president’s attention.

“Hopefully, the guy will look out the window and rethink,” Mr. Postell said. “But I doubt that.”

New York City’s project followed an act by Mayor Muriel Bowser of Washington, who had “Black Lives Matter” painted in giant yellow letters outside the White House after the president deployed federal officers during protests there sparked by the killing of George Floyd in Minneapolis.

New York City has continued to see largely peaceful protests in recent weeks, though Mr. de Blasio and the Police Department came under fire for their aggressive handling of protesters early last month.

Source Article from https://www.nytimes.com/2020/07/09/nyregion/blm-trump-tower.html

Speaking to CNBC on Thursday, Mnuchin said “we do support another round” of stimulus checks to individuals, after most Americans received a $1,200 sum as part of the $2 trillion rescue legislation passed in March.

But he did not say whether he backed a potential $40,000 income cap floated by GOP lawmakers — lower than the $75,000 where the previous payment started to phase out. Mnuchin noted that he spoke to Senate Majority Leader Mitch McConnell, R-Ky., on Wednesday and would discuss the “level and criteria” for checks with senators when they return to Washington. 

The Treasury secretary also addressed one of the most urgent issues Congress faces in the talks: an income cliff millions of people will face at the end of July when the $600 per week enhanced federal unemployment benefit expires. Even though the economy gained nearly 5 million jobs in June, the unemployment rate dropped to a still staggering 11.1%. 

Mnuchin said the White House wants to change rather than extend the enhanced unemployment provision. He did not give details on how it would want to structure aid to unemployed workers. 

“You can assume that it will be no more than 100%” of a worker’s usual pay, Mnuchin said. He echoed Republicans who argue the generous insurance deters some people from resuming work because they make more at home than they otherwise would at their jobs. 

On other fronts, Mnuchin said the White House supports an extension of the Paycheck Protection Program loans for small businesses but wants new relief to be “much, much more targeted” than past rounds of funding. Congress has put $670 billion into the loan program, and it had about $130 billion remaining as of Monday. 

He also downplayed the need for more relief money for states and municipalities, as lost revenue and higher costs due to the outbreak force some governments to consider trimming essential services. He said the administration does not want to “bail out” states that were “mismanaged” before the virus hit. 

Democrats put nearly $1 trillion in aid for state and local governments in a $3 trillion relief bill the House passed in May. House Speaker Nancy Pelosi, D-Calif., considers the funds a priority. 

McConnell has repeatedly said he wants to see liability protections for doctors and businesses in any new relief legislation. 

Mnuchin spoke days after the Trump administration released details about who got approved for many of the PPP loans designed to keep small business employees on payrolls during the coronavirus. 

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Source Article from https://www.cnbc.com/2020/07/09/coronavirus-stimulus-steven-mnuchin-discusses-next-relief-bill.html

Police in Seoul say they have found the body of the city’s mayor, who was long seen as a potential South Korean presidential candidate, after he was reported missing by his daughter.

Park Won-soon, 64, was found on a mountain in northern Seoul, police said, hours after hundreds of officers started searching for him.

A police complaint – allegedly involving sexual assault – was filed against Park by a former Seoul city employee on Wednesday and local media said a television channel had been due to broadcast a programme on the previously unreported case on Thursday evening.

Park’s daughter reported him missing on Thursday afternoon, saying her father had been unreachable for several hours, police said.

He left his house after saying what sounded like “last words” and his phone had been turned off, she told police.

A heavyweight figure in the ruling centre-left Democratic party, Park had run South Korea’s sprawling capital – home to almost a fifth of the national population – for nearly a decade.

He was consistently talked of as a potential candidate in the race to succeed the current president, Moon Jae-in, and did not deny ambitions on that front when asked by AFP earlier this year.

More details soon …

Source Article from https://www.theguardian.com/world/2020/jul/09/park-won-soon-mayor-of-seoul-goes-missing-after-assault-allegation