Wall Street Journal: “A bipartisan bill expected to be introduced in the Senate on Thursday calls for the U.S. Mint to end production of the one-cent coin.”
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Trump Coin Is a Constitutional Scandal Waiting to Happen
“When Donald Trump agreed to attend a dinner with the largest investors in his own-brand cryptocurrency, he transformed the TRUMP coin into something else entirely: a means of access to the sitting president,” Wired reports.
“As a consequence, Trump could find himself at odds with constitutional prohibitions of bribery and corruption, experts claim.”
“Trump’s dinner announcement on April 23 instigated a trading frenzy that, on paper, added hundreds of millions of dollars to his net worth. Two subsidiaries of the Trump Organization, a conglomerate owned by the president, control 80 percent of the total supply of the coin, which shot up in price by almost 60 percent after the announcement. Those subsidiaries also profit from any surge in trading volume as rent-seeking intermediaries.”
The Fight Against Trump Is Gaining Momentum
“When President Trump swept back into office, his dejected opponents watched as his return was greeted not with mass resistance but with a sense of resignation,” the New York Times reports.
“But just over 100 days into his second term, seeds of dissent to Mr. Trump’s agenda, governing style and expansion of executive power have grown in fits and starts across the country. The opposition is sturdier than it once appeared.”
Just Two Toss Up Governor’s Races
Larry Sabato’s Crystal Ball says Arizona and Michigan start as the only two Toss-ups in their initial 2025/2026 gubernatorial ratings.
However: “The high number of open seats makes us think that we could see an upset or two in a state we might not expect.”
Walz Says He Was Picked to ‘Code Talk’ to White Guys
Minnesota Gov. Tim Walz (D) said former Vice President Kamala Harris picked him as her running mate was to talk to white people and give them permission to vote for her, National Review reports.
Said Walz: “I could code talk to white guys — watching football, fixing their truck, doing that, that I could put them at ease. I was the permission structure to say ‘look you can do this and vote for this.’”
People Laugh When Trump Says He Hasn’t Made Mistakes
Daily Beast: “During a NewsNation town hall hosted by the network’s Chris Cuomo, former Fox News host Bill O’Reilly, and ESPN host Stephen A. Smith, an audience member named Lee asked Trump what was the biggest mistake he thought he’d made in the first 100 days.”
Said Trump: “I’ll tell you that’s the toughest question I can have because I don’t really believe I’ve made any mistakes.”
“The audience—which was made of Democrats, Republicans and independents—burst out laughing.”
Republicans Wave Off Recession Fear
Washington Post: “Almost every Republican on Capitol Hill this week has tried to wish away fears of Trump’s trade wars starting a recession that could lead to the highly unusual pairing of job losses and spiked inflation…”
“In this regard, congressional Republicans have managed to talk themselves into the same sort of arguments that Democrats used four years ago, when the U.S. economy overheated coming out of the pandemic and spiked inflation to 40-year highs.”
GM Says Trump Tariffs Will Cost Up to $5 Billion
“General Motors lowered its full-year profit outlook, just two days after suspending earnings guidance, citing exposure to as much as $5 billion in auto tariffs being levied by President Donald Trump,” Bloomberg reports.
Democratic Support Plummets in Georgia
The latest Atlanta Journal-Constitution poll shows just 35% of registered Georgia voters have a favorable view of the Democratic Party after Donald Trump swept the state and other political battlegrounds in his 2024 return to power.
That’s the lowest level of support in nine years of AJC polling.
Trump Desperately Wants a New Air Force One
Wall Street Journal: “Frustrated by delays on Boeing’s work to deliver a new Air Force One, Trump has commissioned a smaller defense contractor to ready an interim presidential plane by year’s end.”
“Boeing will continue plugging away on a pair of Air Force One replacement jets, which have fallen so far behind that Trump might not get to fly on them while in office.”
Rush to Beat Tariffs Is Distorting the Economy
“The rush to get goods to the U.S. ahead of President Trump’s tariffs has already led to huge distortions in global trade patterns and economic data. It isn’t over yet,” the Wall Street Journal reports.
New York Times: As shipping loophole closes, small online sellers scramble.
House GOP Too Busy to Fix Accidental D.C. Budget Cuts
NOTUS: “As the city drafts plans for furloughs, building closures and cuts to public safety services to help accommodate the $1 billion hole Congress blew in its $21 billion budget in the last government funding bill, House Republicans have more or less forgotten about the issue.”
GOP Weighs Taxes on Companies for Top Executives
“House Republicans are seriously considering proposals to further limit tax deductions that companies can take for their highest-paid workers’ compensation, expanding restrictions that now apply only to a handful of current or former executives making more than $1 million,” the Wall Street Journal reports.
Trump Urges Stephen A. Smith to Run
President Trump said ESPN commentator Stephen A. Smith should totally run for president in 2028, the New York Post reports.
Said Trump: “I’ve been pretty good at picking people and picking candidates and I will tell you — I’d love to see him run.”
Kamala Harris Condemns Trump’s ‘Reckless’ Policies
Former vice president Kamala Harris marked President Donald Trump’s first 100 days in office by condemning his “reckless” tariffs, “unconstitutional demands” and efforts to stoke a climate of fear to silence his dissenters, the Washington Post reports.
The Perils of Punting
Punchbowl News: “All year, top House and Senate Republicans have been in punt formation.”
“What would Medicaid cuts look like under President Donald Trump’s reconciliation package? Punt. How would House GOP leaders get $880 billion in savings from the House Energy and Commerce Committee? We’ll decide later. How about scrapping clean energy tax credits? Need to get back to you. What will Republicans do about the nettlesome SALT cap? Let’s keep the conversation going.”
“It’s now May 1. Speaker Mike Johnson wants to pass the totality of Trump’s domestic policy agenda through the House in the next three weeks.”
“Yet House Republicans still haven’t made decisions on some of the biggest issues hanging over the massive reconciliation package. They’re still fighting over the basic contours of the trickiest tax cuts and spending reductions.”
Tesla Pushes Back Hard on Reported CEO Search
Playbook: “Tesla and Elon Musk are pushing back hard against a sensational WSJ report which said the auto company began searching for a new CEO after a miserable start to 2025.”
“In a statement published on X at 1:23 a.m., Tesla insisted it is “highly confident” in Musk’s abilities, and said it was “absolutely false” to say its board had contacted recruitment firms to initiate a CEO search. Musk then started posting lots of angry stuff on X.”
Quote of the Day
“Congratulations to President Trump for drawing 4,000 people last night to a rally Warren, MI. Keep it up. You brought out almost half as many people as we did in the same city last month!”
— Sen. Bernie Sanders (I-VT), on X.
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