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IRS Audit Revenue Has Plummeted Under Trump

August 31, 2026 at 4:45 pm EDT By Taegan Goddard Leave a Comment

“The amount of money the Internal Revenue Service collected from audits dropped dramatically last year after the Trump administration pushed out many of the agency’s employees, according to a watchdog report released on Monday,” the New York Times reports.

“The report from the Treasury Inspector General for Tax Administration, called TIGTA, showed that IRS audits brought in $6.5 billion in fiscal year 2025, a 35 percent decrease from the $10 billion that audits elicited the previous year. That plunge came after President Trump, at the start of his second term, moved to reduce the size of the federal work force, a push that resulted in the IRS losing roughly 30 percent of its staff dedicated to audits.”

Trump’s Approval Hits Another New Low

August 31, 2026 at 4:30 pm EDT By Taegan Goddard Leave a Comment

A new University of Massachusetts Amherst poll finds President Trump’s approval at a dismal 32%, while 64% disapprove.

Trump Approval
Approve 32%
 
Disapprove 64%
 
University of Massachusetts Amherst poll · ±3.5%

Supreme Court Allows Ballroom Construction to Continue

August 31, 2026 at 4:20 pm EDT By Taegan Goddard Leave a Comment

“A divided Supreme Court on Monday allowed the White House to continue construction on a $400 million ballroom project as lawsuits play out,” the Associated Press reports.

“The decision replaces a temporary order from Chief Justice John Roberts previously issued hours before a lower-court decision halting the work would have gone into effect.”

Chief Justice John Roberts and the court’s three Democratic-appointed justices dissented.
Taegan

Vance Says Abdul El-Sayed Is ‘Evil’

August 31, 2026 at 4:19 pm EDT By Taegan Goddard Leave a Comment

“Vice President JD Vance described Abdul El-Sayed, Michigan’s Democratic nominee for Senate, as ‘evil’ during a campaign rally here Monday,” NBC News reports.

Said Vance: “I realize that there’s something about Abdul El-Sayed that is very, very evil and on the rise in the United States of America today.”

He added: “And it’s people who see themselves not as citizens of a common nation fighting for every single person — whether they’re Jewish or Christian, whether they’re white or Black or brown — but see themselves as fighting for one group at the expense of others, and that is how, ladies and gentlemen, you destroy the United States of America.”

Sununu Takes Lead in New Hampshire Senate Race

August 31, 2026 at 4:09 pm EDT By Taegan Goddard Leave a Comment

A new University of New Hampshire Survey Center poll in New Hampshire finds John E. Sununu (R) ahead of Chris Pappas (D) in the U.S. Senate race, 45% to 43%.

New Hampshire Senate Race
John E. Sununu (R) 45%
 
Chris Pappas (D) 43%
 
University of New Hampshire Survey Center poll

Alaska Democrats Back Independent in House Race

August 31, 2026 at 4:07 pm EDT By Taegan Goddard Leave a Comment

“The Alaska Democratic Party is encouraging its members to back independent Bill Hill in the state’s sole House seat,” the Washington Post reports.

Kalshi Suspends GOP Candidate for Betting On Her Race

August 31, 2026 at 4:06 pm EDT By Taegan Goddard Leave a Comment

“Online prediction market Kalshi suspended a Republican House candidate Monday after it found that she was wagering on her own race,” the Washington Post reports.

“The candidate, Laurie Buckhout, is running in a district in northeastern North Carolina, a swing district that Republicans see as a pick-up opportunity.”

Trump Strikes More Deals with Drugmakers

August 31, 2026 at 4:02 pm EDT By Taegan Goddard Leave a Comment

“President Trump on Monday announced the next round of pricing deals with drugmakers, with nine new companies joining the 17 that reached agreements with the administration previously,” Stat reports.

Bloomberg: Trump strikes Medicaid drug price deals with nine pharma firms.

New U.S. Missile Wreaked Destruction On Iranian City

August 31, 2026 at 2:52 pm EDT By Taegan Goddard Leave a Comment

“It has been touted by the manufacturer as the ballistic missile of the future: lethal, long-range and pinpoint. Lockheed Martin’s Precision Strike Missile has the U.S. military investing billions to update its arsenal,” the Associated Press reports.

“But a close look at what is believed to be its first use in combat — on the first day of the Iran war — highlights the potential peril of deploying this weapon near population centers because it appears to spray pellets over a wide area.”

Trump Invites Russian Finance Minister to G20 Summit

August 31, 2026 at 2:49 pm EDT By Taegan Goddard Leave a Comment

“Russia’s finance minister made a surprise appearance at a gathering of top global economic policymakers on Monday after a prolonged absence, an invitation that was extended by the Trump administration but drew rebukes and protests from European officials committed to isolating Moscow for its war against Ukraine,” the New York Times reports.

What Might Happen to Trump’s Ill-Gotten Gains

August 31, 2026 at 2:42 pm EDT By Taegan Goddard Leave a Comment

David Frum: “Americans are not accustomed to learning lessons about democracy from Nigeria, Peru, or the Philippines. That disregard may soon change. Those countries offer examples of what it looks like to reclaim stolen or swindled wealth from fallen authoritarian rulers…”

“Trump has abused his office to enrich himself and his family in ways that are completely unprecedented—not only in the United States but also in the history of almost any peer democracy. Only Silvio Berlusconi, Italy’s notoriously lawless former prime minister, was in any way comparable, and Berlusconi was sentenced to prison.”

“Trump faces little danger of prison. The U.S. Supreme Court has bestowed substantial criminal impunity on him, even assuming that he leaves office in 2029 as required by the Constitution. But an ex-president remains subject to civil liability, and the proceeds of bribery, extortion, insider trading, and market manipulation may be exposed to civil penalties. Other countries have shown the way.”

Central Bankers Worry About ‘Fiscal Dominance’ Era

August 31, 2026 at 2:36 pm EDT By Taegan Goddard Leave a Comment

“Central bankers’ great fear is that we’re entering a new era of ‘fiscal dominance,’ in which the money supply is being managed not to achieve low and stable inflation, but to help elected politicians avoid hard choices around taxes and spending,” Axios reports.

“It comes as inflation has already been elevated in much of the world for years and as longer-term interest rates are climbing.”

“At the same time, elected governments are under intense political pressure not to enact the tax increases or public benefit cuts that would improve their debt outlooks.”

Trump Disparages Female Reporters

August 31, 2026 at 2:33 pm EDT By Taegan Goddard Leave a Comment

“President Trump and his team frequently tout the president as the most media-accessible in history — but female reporters in his orbit are often disparaged and belittled,” an Axios analysis of his remarks shows.

Trump Hides From Iran Failures on an Island of AI Slop

August 31, 2026 at 2:30 pm EDT By Taegan Goddard Leave a Comment

Rolling Stone: “AI slop continues to deliver insight into the mind of Donald Trump, who has relied increasingly on hallucinogenic visuals spat out by generative computer algorithms to reinforce his delusions. As the war with Iran continues to drag out — and drag down his approval ratings — Trump is resorting to increasingly desperate ploys to gin up enthusiasm from his base.”

“As part of that, he’s been regularly reaching for AI fantasies depicting him as a successful president.”

Inside the Senate’s Gavel Grab

August 31, 2026 at 2:05 pm EDT By Taegan Goddard Leave a Comment

Punchbowl News: “The turnover rocking the Senate will trigger a wave of change atop major committees next year, which means new policy priorities and oversight angles coming in 2027.”

“The sheer scale of the change is striking: almost a dozen Republicans or Democrats in top committee roles are retiring, lost their reelection bids or are moving into new posts. That number is likely to go even higher following Election Day.”

The Iran War’s Mounting Cost to U.S. Drivers

August 31, 2026 at 1:46 pm EDT By Taegan Goddard Leave a Comment

“Fuel price increases in the first six months of the Iran conflict are costing U.S. drivers far more than the same stretch after Russia’s invasion of Ukraine pushed up costs,” Axios reports.

“Trump administration officials have emphasized — correctly — that gasoline hit an all-time high under Biden of over $5 per gallon, well above May’s $4.56 high during the Iran war.”

“But the price elevation since attacks on Iran began Feb. 28 has been more persistent.”

Scott Bessent Taunts Canada Amid Trade War

August 31, 2026 at 1:09 pm EDT By Taegan Goddard Leave a Comment

“Treasury Secretary Scott Bessent took a snarky swipe Monday at Canada’s military preparedness after the trade war between the two neighbors deepened in recent days,” the New York Post reports.

Said Bessent: “What are they going to do — take their two submarines from the Edmonton Mall and sic them on us?”

Trump Says Opposing Data Centers Is ‘Backwards’

August 31, 2026 at 1:01 pm EDT By Taegan Goddard Leave a Comment

“President Trump warned Monday that communities that don’t embrace data centers will ‘end up being backwards and poor,’ putting himself at odds with most Americans who say they don’t want the facilities that power AI to be built near them,” the Wall Street Journal reports.

Said Trump: “The only reason that communities throughout the USA should not want Data Centers is if they want to end up being backwards and poor. If they want to be successful and rich, with far lower taxes and jobs all over the place, let Data Reign.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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