So back in December, @JonWalkerDC wrote a piece for us showing that the threat to the Affordable Care Act from litigation before the Supreme Court could be neutralized with a one-line bill. Since that's more important than ever, we re-ran that today.
The lawsuit says that if the individual mandate is $0 it's not a tax, therefore the whole bill must fall.
It's a dumb lawsuit.
But the solution is: repeal the individual mandate. No mandate, no lawsuit.
There's an active fight right now over the must-pass government funding bill. McConnell wants money for a farm bailout in it. Pelosi could demand this one-line rider go in, to save the ACA.
This could happen right now, but we've been arguing this since *December*
It could have gone in the first coronavirus bill. Or the second. Or the third. Or the fourth. It could have gone into any must-pass bill over the past two years. There was no reason to put the ACA at risk, and there still isn't. Read the piece. prospect.org/health/pelosi-…
Even if you believe that McConnell and the GOP would rather shut down the government than give up a shot at killing Obamacare, the way that would have to do it here—by opposing the repeal of the individual mandate—would be political gold for Democrats.
Any member of the House could at least file this amendment to the government funding bill, and put pressure on the Rules Committee, which is in Pelosi's pocket, to put it up for a vote. Who's going to decide to save healthcare for 20 million people?
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Guys I found the best Epstein Files email. The one that illuminates an elite class that's cocooned themselves into an unaccountable shell of wealth and privilege, fighting to protect their secrets and offenses.
I could write a novel about it.
Here it is. prospect.org/2026/02/17/eps…
Now you have to know a lot of backstory for why this is so perfect, which I detail in this piece. prospect.org/2026/02/17/eps…
This email was from June 2015, three days after Sen. Warren excoriated Mary Jo White, then chair of the SEC, as a supreme disappointment, letting corporate criminals go free with sweetheart settlements. warren.senate.gov/files/document…
Half of all companies in the US use big banks as their primary financial services provider. Today I document two cases where small businesses were ruined by their big bank. The loss of relationship lending has a cost. 🧵 prospect.org/economy/2025-0…
Case study #1: Elcon, a 42-year-old public works construction firm in the Seattle area. KeyBank called in a $7m line of credit in a fit of anger, a highly unusual maneuver in the industry, especially for a company with $250m in future business lined up. prospect.org/economy/2025-0…
The bank asked for information to determine whether they could restructure the loan, then used that information to call in the loan. The precipitating event appears to be that Elcon was paying its workers instead of them. prospect.org/economy/2025-0…
This took a while, but I've chronicled my day among the protesters in Los Angeles, and the idea that this is anything but a celebration of cultural heritage and a firm, nonviolent demand to protect family, friends and neighbors is totally ridiculous. (links and pics below)
Most important, here's the link, which covers a rally for a detained union later who was later freed, a clergy sit-in with the National Guard well behind the LAPD, and an impromptu Tejano dance party. prospect.org/justice/cries-…
The Trump administration has effectively ended white-collar crime enforcement. All this week, we're going to look at what ripoffs, deceptions, and cons will rise as a result to part the public from their money.
This intro sets the stage: it's the Golden Age of Scams.
It's important to study where the scams will come from because historically they have led to larger catastrophes that cascade out from the main victims. Our project is to find the growth industries in ripoffs. prospect.org/power/2025-05-…
The first and most obvious is in crypto, where the president and his family are leading the way. I couldn't think of anyone better than @SilvermanJacob to detail this unprecedented self-enrichment at the public's expense. prospect.org/power/2025-05-…
Today on TAP, from me: This moment feels like February 2020. If you read closely, you know something bad will happen soon, but it's not visible yet.
In this case, it's the dismantling of our supply chains, empty store shelves, and recession. It's a matter of time. 🧵
We know that volumes from China are falling. That really starts to hit next week. The immediate impact is on logistics. Companies pulled forward orders, which will keep them OK for a little while. But it's impossible to hold off the pain forever. prospect.org/blogs-and-news…
So inventories erode by midsummer, and nothing fills the gap. Shelves go empty. Ordering months out, for the holidays, for the sesquicentennial in 2026, has been stalled. Every company is ripping up their forecasts, because they are unknowable. wsj.com/business/earni…
NEW: Frank Bisignano, Trump's nominee to run the Social Security Administration, is CEO of an oligopoly for back-office banking services, buoyed by at least 40 acquisitions in the last 34 years. SSA could be his latest conquest. 🧵
Fiserv is one of three "core providers" that provide back-office support to 72 percent of all banks and nearly half of all credit unions. Smaller banks have routinely complained about complex, expensive long-term contracts and substandard services. prospect.org/health/2025-03…
Though Republicans marveled at Bisignano as a savior who could use his skills as “a leader in payments and financial technology,” what Fiserv does has nothing to do with what SSA needs, said one expert: prospect.org/health/2025-03…