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The Lever’s daily email newsletter.🔥 Today’s featured Lever story: A Musk-funded group is trying to change the law so that it’s easier for billionaires to sue their critics into bankruptcy.
👇 Spend five minutes reading this 1,072-word newsletter to learn about:
- This losing economy’s biggest winners.
- The sordid labor dispute at your favorite outdoor retailer.
- A cryptocurrency platform receiving very special treatment from Trump.
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TODAY'S NUGGETS
🤑 Filing your taxes could now become more expensive. Buried in House Republicans’ new bill to cement Trump’s tax cuts is a provision killing the government’s free tax-filing system and giving taxpayer money to tax-prep companies that have been funneling campaign cash to GOP lawmakers. The provision would terminate the Internal Revenue Service’s successful and popular Direct File system and then launch an initiative to explore using government money to fund a tax filing system run “by the private sector.” This public-private partnership was tried a few years ago and quickly became a catastrophic failure.
- The same legislation — which the House is taking up this week — also includes a provision empowering the Trump administration to unilaterally deem groups that oppose its agenda as “terrorist-supporting organizations” and then strip them of their tax-exempt status. Climate groups could be among those targeted.
