Billionaire Trump hasn’t heard of a ‘corner store’ and laments poorer people ‘don’t think in terms of deductions’ at tax event | The Independent

During a Thursday tax event in Las Vegas, President Donald Trump demonstrated a disconnect from working-class experience when he claimed unfamiliarity with the term “corner store,” despite asserting he understands the concept. Trump questioned who wrote the phrase into his remarks, suggesting surprise at its usage in a discussion framed around Republican tax policy.

Trump asserted that wealthy individuals consistently seek tax deductions while suggesting middle-class and poor people fail to think strategically about deductions. This statement contradicts the reality that lower-income households often lack sufficient deductions to benefit from itemization and typically rely on standard deductions, revealing Trump’s misunderstanding of how taxation functions across income levels.

Trump claimed the current economy exceeds his first-term performance “despite our little diversion to the lovely country of Iran,” referring to military conflict he initiated in the Middle East. The Iran conflict has disrupted the Strait of Hormuz shipping lane, causing national average gas prices to surge to $4.09 per gallon from $2.92 before the war began, with Nevada prices approaching $5 per gallon according to AAA data.

Despite acknowledging the war’s economic impact, Trump labeled war-driven inflation as “fake inflation” and told reporters gas prices “are not very high” while highlighting stock market gains. The International Monetary Fund has warned the conflict could trigger global recession, undermining Trump’s claims about economic superiority.

Trump revealed market sensitivity to his rhetoric by stating his statements make “the whole market go a little jittery” and instructing Treasury Secretary Scott Bessent to “clean it for me” after his comments. Trump reported approximately 50 percent of American tax-filers utilized new tax policies and roughly five million people have established “Trump account” savings pools for children.

(Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-tax-las-vegas-corner-store-inflation-iran-b2959483.html)

Trump Claims Tariff-Hit Farmers ‘Make Enough Money’

President Donald Trump addressed over 800 farmers at the White House on Friday, claiming that agricultural workers affected by his tariffs “make enough money” and questioning whether government financial assistance matters to them. The crowd fell silent after Trump’s remark about farmer income, despite cheering when he mentioned a $12 billion relief package announced in December to address tariff-related hardship.

Trump touted his administration’s farm support measures, including a $12 billion bridge payment plan, Environmental Protection Agency updates to renewable fuel standards for 2026 and 2027, and expanded Small Business Administration loan guarantees that raise government-backed shares from 75% to 90%. These initiatives were presented as comprehensive responses to agricultural sector pressures stemming from tariffs and the Iran war.

The president contrasted his approach with former President Joe Biden’s record, claiming Biden would not have provided similar assistance. However, Trump’s $12 billion bailout fails to adequately address the agricultural crisis created by his own trade policies, revealing the insufficiency of the relief relative to the damage inflicted by tariff implementation.

Trump’s dismissal of farmer concerns about financial stability contradicts the severity of agricultural economic strain caused by his tariff decisions. His claim that farmers earn sufficient income regardless of trade policy losses demonstrates disconnection from the documented financial hardship affecting the farming community.

(Source: https://www.mediaite.com/media/news/doesnt-matter-to-you-right-trump-claims-tariff-hit-farmers-make-enough-money/)

Trump Commutes Meth Dealer Son’s Sentence Amid Crime

President Donald Trump commuted the sentence of James Womack, son of Arkansas Republican Rep. Steve Womack, a longtime Trump ally, on January 17, 2026. Womack had pleaded guilty in 2023 to distributing more than five grams of methamphetamine and was serving an eight-year federal prison sentence. The White House cited humanitarian factors including James’s mother’s cancer diagnosis and his brother’s seizure disorder, along with his clean prison record.

The commutation contradicts Trump’s public tough-on-crime stance, particularly as his administration simultaneously conducts aggressive crackdowns on drug-related offenses and immigration violations. Homeland Security Secretary Kristi Noem has defended recent ICE raids targeting what she called “criminal illegal aliens,” while Trump has publicized the capture of Venezuelan leader Nicolás Maduro as evidence of his drug enforcement commitment. Rep. Womack publicly thanked Trump for the “gracious and thoughtful action” the day after the commutation.

Trump’s pardon activity this week extends beyond Womack. The president also pardoned Venezuelan banker Julio Herrera Velutini, who faced bribery and wire fraud charges tied to former Puerto Rico Governor Wanda Vázquez Garced, whom Trump also pardoned. Herrera’s daughter donated $2.5 million to the Trump-aligned super PAC MAGA Inc. during the 2024 election cycle, though White House officials stated the donation played no role in the pardon decision. Trump additionally re-pardoned Adriana Camberos, convicted of running a multimillion-dollar grocery scam, after previously pardoning her for selling counterfeit 5-hour Energy shots.

White House pardon czar Alice Marie Johnson, herself pardoned by Trump in 2020, announced Friday that the president pardoned 21 people during the week. Trump’s pattern of clemency favoring political allies contradicts his administration’s stated commitment to law enforcement and demonstrates unequal application of justice based on political proximity.

Senate Democrats have condemned the pardon wave as corruption and abuse of executive power. Senator Chris Murphy labeled the clemencies “bread-and-butter corruption” and criticized the president for issuing “audaciously politically toxic pardons” for individuals convicted of serious crimes including drug trafficking and fraud, underscoring the disconnect between Trump’s public rhetoric and his executive actions.

(Source: https://www.thedailybeast.com/trump-frees-maga-reps-meth-dealer-son-in-pardon-spree/?utm_medium=socialflow&source=TDB&via=FB_Page&utm_source=facebook_owned_tdb&utm_sf_post_ref=653728041&utm_sf_cserv_ref=37763684202&utm_campaign=owned_social&fbclid=IwdGRleAPY8WlleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeVTTo6poU-uaUkpbQTMz7uI-_-MmHzKkUkJa6ZJvNoyzDaMBmlNmlsW7hd0w_aem_KUQOWsxxPl8Bgtfid5RJ5g)

Trump Denies $2K Tariff Check Promise Despite November Announcement

President Trump denied making a promise to distribute $2,000 tariff rebate checks to Americans when questioned by The New York Times on January 11, 2026, asking “When did I do that?” despite having publicly introduced the idea in early November 2026 on Truth Social. Trump later acknowledged the checks were planned, stating the tariff revenue collected is “so substantial” that he would issue $2,000 checks “toward the end of the year,” and claimed no Congressional approval would be required.

In November, Trump announced Americans would receive “a dividend of at least $2000 a person (not including high-income people!)” funded by tariff collections he claimed would reach “Trillions of Dollars.” The Committee for a Responsible Federal Budget estimated the government would need approximately $600 billion to issue such checks. However, Treasury Secretary Scott Bessent told ABC News on November 12 that he and Trump had not discussed the tariff rebate possibility, and later advised Americans to save the funds to avoid inflation.

Trump’s tariff policy faces legal scrutiny, with cases pending before the Supreme Court regarding whether the tariffs violate the International Emergency Economic Powers Act (IEEPA). Trump previously falsely attributed $1,776 “Warrior Dividend” payments to service members to tariff revenue, when the funds actually derived from Congressional appropriations. If the Supreme Court rules the tariffs illegal, the Treasury Department would refund approximately $774 billion collected, with repayment potentially spread over weeks or a year.

Trump’s claim to unilaterally distribute tariff revenue without Congressional approval contradicts established fiscal law requiring legislative authorization for government expenditures. The shifting timeline—from an undefined date in November to “toward the end of the year” in January—and his initial denial of the promise demonstrate the absence of a concrete plan. Trump has similarly made unilateral economic directives without legislative or procedural authorization, including ordering representatives to purchase $200 billion in mortgage bonds to lower housing costs.

The discrepancy between Trump’s initial November announcement and his January denial, combined with the absence of a detailed distribution mechanism and Bessent’s explicit contradiction, indicates the tariff rebate remains an unfulfilled campaign-style promise dependent on uncertain tariff collections and unresolved legal challenges to the tariff policy itself.

(Source: https://people.com/trump-asks-when-did-i-do-that-when-asked-about-sending-americans-2k-tariff-checks-11884184?utm_campaign=peoplemagazine&utm_content=photo&utm_medium=social&utm_source=facebook.com&utm_term=6965c2e5490dd2000189e8c3&fbclid=IwdGRleAPS4wpleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeFyrAxSrIgq2CeX5Yw6brG7rJkPekajqBm2cQ5dveBEOMvcqnR6VLAQwzp3M_aem_ljbHllP-Gcm_wwfEaMjG6Q)

Trump wants US taxpayers to reimburse oil firm donors for Venezuela investment

President Donald Trump stated that US taxpayers could reimburse oil companies for reconstructing Venezuelan infrastructure to extract and export oil following the ouster of Nicolás Maduro. Trump declared that “a tremendous amount of money” would be required and suggested his government would compensate energy firms through direct reimbursement or revenue sharing, explicitly linking military intervention to corporate profit.

US Energy Secretary Chris Wright is scheduled to meet executives from Chevron, ConocoPhillips, and ExxonMobil at a Goldman Sachs conference in Miami this week to discuss increasing Venezuelan oil production. These meetings represent the administration’s strategy to restore US oil company operations in Venezuela after nearly two decades of government control of the industry, contradicting Trump’s earlier claims that he had already held talks with “all” major US oil companies regarding Maduro’s removal.

Trump acknowledged no prior briefing of oil companies before military action but claimed companies were aware of discussions about intervention. When asked if he personally contacted top executives, Trump stated it was “too soon” to confirm direct conversations, saying “I speak to everybody,” despite Reuters reporting that no representatives from the three major firms had engaged with the White House on Venezuela operations before or after Maduro’s seizure.

Trump’s blockade announcement of Venezuelan oil tankers exposed the operation’s economic objectives beyond stated anti-drug rationales. Venezuela’s crude production has collapsed to approximately 1.1 million barrels daily from 3.5 million in 1999 due to underinvestment and sanctions, and industry analysts warn that reconstruction requires years of work and billions in investment amid political uncertainty and unclear US policy direction.

Stock markets responded immediately to Trump’s Venezuela initiative, with the S&P 500 energy index reaching its highest level since March 2025 on Monday, as ExxonMobil gained 2.2% and Chevron jumped 5.1%. The White House claimed US oil companies were “ready and willing” to make large investments to rebuild Venezuelan oil infrastructure, while the targeted companies declined to comment on their involvement or commitment to Trump’s stated plans.

(Source: https://www.theguardian.com/business/2026/jan/06/trump-us-taxpayers-oil-firms-venezuela-investment?utm_term=Autofeed&CMP=fb_us&utm_medium=Social&utm_source=Facebook&fbclid=IwdGRleAPKh-pleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEe_-yezUeRoVFdugcD1nvSw5XtSl1m5n_0dygqy2cYQq8J1z-O6-KB_zPL_K4_aem_UlldULbmcvRIeiE8DDl0jg#Echobox=1767698755)

HHS freezing child care payments to all states after Minnesota fraud allegations: Official – ABC News

The Trump administration halted child care funding to all states following fraud allegations centered on daycare centers in Minnesota, with HHS officials stating funds will resume only when states demonstrate legitimate spending. Deputy HHS Secretary Jim O’Neill characterized the alleged fraud as “blatant” and “rampant” across the country, demanding Minnesota Governor Tim Walz conduct a comprehensive audit of identified facilities. The freeze expanded requirements for all child care funding recipients nationwide, mandating administrative data submission and additional documentation including attendance records, licensing reports, and inspection findings.

The federal action was triggered by an unverified online video posted by conservative influencer Nick Shirley alleging fraud in Somali community child care centers in Minneapolis. ABC News has not independently verified Shirley’s claims, which included footage of allegedly empty facilities during business hours. Minnesota state officials disputed the video’s methodology and findings, with Department of Children, Youth and Families Commissioner Tikki Brown questioning whether the footage was captured during operational times.

Minnesota officials documented that state unannounced visits to all facilities named in the video found children present and confirmed each site had been inspected within six months as part of routine licensing procedures. Governor Walz characterized the federal freeze as part of Trump’s strategy to defund assistance programs, stating Minnesota has actively pursued fraud investigations independent of the administration’s pressure. The state emphasized it takes fraud concerns seriously while questioning the video’s investigative standards.

FBI Director Kash Patel and Homeland Security Secretary Kristi Noem announced expanded investigations into alleged child care fraud and other federal program abuses, with Patel citing a $250 million fraud scheme involving federal food aid uncovered during the COVID-19 pandemic. U.S. Attorney’s Office prosecutor Joe Thompson described the scale of alleged Minnesota fraud as “staggering,” though unrelated fraud investigations in the state predated the viral video and Trump administration’s current response.

The funding freeze applies to all states despite allegations being localized to Minnesota, with HHS tightening documentation requirements for the Administration for Children and Families across the nation. The Trump administration has linked the child care fraud allegations to broader claims of systematic fraud nationwide, though the specific evidence supporting nationwide fraud in child care funding remains unsubstantiated beyond the Minnesota video.

(Source: https://abcnews.go.com/US/hhs-freezing-child-care-payments-minnesota-after-fraud/story?id=128793851&fbclid=IwdGRleAPD_AxleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeAlKtCzgHaZqiNF57R8QpvrDOu-xIFNjYML4K4McqSDWlBx43ljfzHBipd90_aem_FzrHH7CVhYuJlkcgzRqBeg)

US watchdog says paycheck advances no longer subject to lending law | Reuters

The Consumer Financial Protection Bureau reversed its position on paycheck advance products under Trump’s administration, determining that earned wage advances no longer qualify as consumer loans subject to the Truth in Lending Act. This reversal eliminates disclosure requirements that companies previously had to provide to workers, including information about credit costs and terms. The CFPB stated the advisory opinion offers clarity to industry participants, though it carries no legal binding force.

Under President Joe Biden, the CFPB had issued interpretive guidance in 2024 classifying paycheck advances as equivalent to consumer loans, establishing federal safeguards intended to increase transparency for workers using these products. Companies like digital bank Chime, which offers customers access to up to $500 of their wages interest-free before payday with no mandatory fees, operate in a market that has grown significantly in recent years. Several states including Nevada and Wisconsin have already specified in state law that such products are not loans, but federal clarification had remained absent until Biden’s guidance.

Under Trump, the CFPB has systematically dismantled regulations from the previous administration, framing deregulation as relief for businesses. The agency last month also proposed narrowing civil-rights-era anti-discrimination requirements for the financial industry, following Trump’s executive order to eliminate disparate-impact liability enforcement. This pattern demonstrates Trump’s effort to restrict oversight mechanisms designed to protect workers and consumers from predatory financial practices.

The removal of lending protections for paycheck advances disproportionately affects low-wage workers who depend on early access to earned wages and lack alternative credit sources. Without mandatory disclosures, companies face no obligation to inform workers about the actual financial terms or risks associated with these advances, creating conditions favorable to exploitation. The decision eliminates transparency requirements that served as a baseline consumer protection regardless of whether products were classified as loans.

(Source: https://www.reuters.com/sustainability/boards-policy-regulation/us-watchdog-says-paycheck-advances-no-longer-subject-lending-law-2025-12-22/?link_source=ta_first_comment&taid=6949b879e698f200017a2f57&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwdGRleAO31mdleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeDiG48GBBantZYI16IVBsLaHQKJNEK11cXEC22AFjNA8nGSP92bD_N_aUEG4_aem_kJ_apUkt961CfAzlBgEzNg)

Trump Accused of Denying Aid For Flood Victims to Punish Dem

President Trump denied federal disaster assistance to Colorado on Saturday night following devastating wildfires and flooding that affected the state in fall 2025, triggering accusations he weaponized aid to punish Democratic Governor Jared Polis. Governor Polis stated Trump was “playing political games” and announced Colorado would appeal the decision, noting that both disasters exceeded FEMA criteria for major presidential disaster declarations under the Stafford Act.

Senator Michael Bennet (D-CO) directly accused Trump of weaponizing disaster relief, calling the denial “malicious and obscene” and stating that Trump “continues to use Coloradans for political games.” Bennet vowed to exhaust all available avenues to reverse the decision alongside Governor Polis and the Colorado delegation.

The White House offered no specific justification for denying aid but claimed the administration “responds to each request for Federal assistance under the Stafford Act with great care and consideration.” Spokesperson Abigail Jackson asserted there was “no politicization to the President’s decisions on disaster relief,” citing Trump’s mobilization of aerial firefighting resources during the actual fire response.

Trump had attacked Governor Polis the previous week over his refusal to release Tina Peters, a former county clerk convicted of tampering with voting machines to leak voter data. Peters is a Trump supporter who claimed to be acting on Trump’s 2020 election fraud allegations; Trump issued a pardon for Peters this month that carried no legal effect since she was not convicted in federal court.

Trump has a documented pattern of withholding or delaying federal funds to states and cities governed by Democratic officials, including Virginia and Maryland earlier in 2025, establishing a practice of conditioning disaster aid on political alignment.

(Source: https://www.mediaite.com/politics/malicious-and-obscene-senator-accuses-trump-of-withholding-help-for-states-flood-and-fire-victims-to-punish-dem-governor/)

Trump Administration Forces SNAP Reapplication Amid Fraud Claims

The Trump administration is mandating all Supplemental Nutritional Assistance Program (SNAP) recipients to reapply for benefits due to unfounded claims of widespread fraud. Agriculture Secretary Brooke Rollins announced this move during a Newsmax appearance, asserting that the program is rife with issues, including payments to 186,000 deceased individuals, a claim critics argue is exaggerated and misleading.

Rollins, speaking on “Rob Schmitt Tonight,” suggested that more troubling data will emerge once information from blue states is analyzed, indicating a targeted approach to dismantling vital social safety nets that countless Americans rely on. Such proclamations serve to distract from actual issues affecting program integrity and the food security of millions.

Despite the USDA’s existing periodic recertification process which already demands recipients to update their information, Rollins insists that a complete overhaul is necessary. This narrative promotes an unfounded perception of fraud while undermining the trust in essential services meant to support vulnerable communities, further showcasing the administration’s penchant for scapegoating those in need.

Further amplifying the chaos surrounding SNAP, Rollins outlined that approximately 120 individuals were arrested for fraud, a figure that appears trivial compared to the substantial number of legitimate beneficiaries. Critics within advocacy circles contend that such enforcement measures ignore the broader context of financial hardship faced by many families that depend on these benefits to survive.

As the government grapples with an ongoing shutdown and budgetary constraints, reliance on misleading statistics and dramatizing fraud highlights Trump’s administration’s failure to prioritize the needs of everyday Americans. Rollins’ assertions that the program is “corrupt” reflect a troubling trend of stigmatizing aid recipients while disregarding the structural issues that lead to food insecurity across the nation.

Trump Organization Requests 200 Foreign Visas Amid Backlash

The Trump Organization has requested nearly 200 foreign worker visas this year, marking the highest total in its history. This increase, detailed in data from the Department of Labor, reveals that the company sought 184 foreign workers for temporary roles at its Mar-a-Lago resort, two golf clubs, and a winery in Virginia. These roles included positions such as cooks, waiters, and housekeepers, with hourly wages ranging from $15.58 to $27.91.

This rise in visa requests comes at a time when the Trump administration is undertaking what it claims is the most extensive deportation operation in recent history. Despite his wealth, estimated at $6.5 billion primarily through cryptocurrency ventures, Trump’s focus on hiring foreign labor has drawn ire from his base. MAGA supporters have expressed discontent, viewing this move as a betrayal of his “America First” rhetoric aimed at prioritizing U.S. jobs.

Trump’s hiring plans starkly contrast with his administration’s hardline stance on immigration, as he recently faced questions from Fox News host Laura Ingraham regarding the need for foreign workers over domestic talent. In response, Trump argued that certain specialized skills can’t be filled by individuals from the unemployment line, a statement that has inflamed tensions among his supporters who remember his earlier pledges to support American workers.

The Trump Organization’s visa applications have been on the rise since 2021, when they sought to hire 121 foreign workers. The latest figures indicate a troubling trend of reliance on foreign labor, as citizens from approximately 90 countries remain eligible for these visa positions.

Vocal critics like Rep. Marjorie Taylor Greene are notably opposed to Trump’s stance on H-1B visas, underscoring a growing rift within his support base. She publicly condemned the approach of replacing U.S. workers with foreign labor, demonstrating the divisiveness of Trump’s immigration policies even within his own ranks. As this situation unfolds, it raises significant questions about the sincerity of Trump’s commitment to American workers.

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