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Fox News ‘Antisemitism Exposed' Newsletter: Will New York elect a mayor who hates Jews?

Fox News ‘Antisemitism Exposed' Newsletter: Will New York elect a mayor who hates Jews?

Fox News5 hours ago

Fox News' "Antisemitism Exposed" newsletter brings you stories on the rising anti-Jewish prejudice across the U.S. and the world.
IN TODAY'S NEWSLETTER:
- New York Democrats say mayoral candidate Zohran Mamdani 'too extreme to lead'- Sixteen states join Trump's battle against Harvard- Red state updating education standards to address rise in antisemitism in schools
TOP STORY: At least two moderate House Democrats from New York are criticizing New York City's presumptive Democratic nominee for mayor, Assemblyman Zohran Mamdani. After Mamdani won Tuesday's Democratic primary, Rep. Laura Gillen, D-N.Y. decried his "deeply disturbing pattern of unacceptable antisemitic comments, which stoke hate at a time when antisemitism is skyrocketing." Rep. Tom Suozzi, D-N.Y., whose district also spans Long Island and a small part of Queens in New York City, said he has "serious concerns" about Mamdani, who is seen as a prohibitive favorite in the November general election.
VIDEO: Israeli activist and journalist Emily Austin gives her take on the impact of the U.S. attacks on Iranian nuclear facilities on 'Fox News @ Night.' WATCH HERE:
BATTLE JOINED: President Donald Trump's legal defense in a major lawsuit from Harvard got a major boost from a slew of state prosecutors who formally joined his side on Monday. Iowa Attorney General Brenna Bird led 15 other attorneys general in filing an amicus brief in support of Trump after the Massachusetts institution sued the administration to prevent billions in federal funding from being stripped from its coffers over its lax response to antisemitism on campus.
CRUSHING HATE: In light of the surge in conflicts in the Middle East and rising tension within the U.S., one state's Department of Education has sent a memo to all public schools within the state guiding them to "safeguard students from woke, radicalized, terrorist-sympathizing rhetoric pushed by leftist educators." Click here to find out which state took this bold step.
GRIM RECOVERY: Israel recovered the bodies of three more hostages held by Hamas following the terror group's attack on Israel in October 2023. The remains of the three hostages were recovered by the Israel Defense Forces (IDF) during a special operation on Saturday and have been identified as Ofra Keidar, Yonatan Samerano and Shay Levinson, according to the Hostages and Missing Families Forum Headquarters.
BACK TO SCHOOL: Anti-Israel activist Mahmoud Khalil returned to Columbia University on Sunday to lead another protest march just days after his release from an immigration detention facility on a judge's orders. Social media footage showed him holding a Palestinian flag and leading a chant of "Columbia, Columbia, you can't hide. You're supporting genocide."
GUEST EDITORIAL: Moshe Or, the brother of Hamas hostage Avinatan Or, makes an emotional plea to President Trump to secure the freedom of his sibling and 49 other hostages still believed to be held underground in Gaza. "President Trump, you've shown the world what decisive leadership looks like," writes Or. "Your response to Iran sent a clear message: America stands by its allies, stands for the safety of the entire world. Now, with a ceasefire in place, we must not waste this window of opportunity."
QUOTE OF THE WEEK: "Our hearts are with the Keidar, Samerano, and Levinson families today," the organization said. "Alongside the grief and pain, their return provides some comfort to the families who have waited in agony, uncertainty and doubt for 625 days." - statement from Hostages and Missing Families Forum Headquarters upon the recovery of the bodies of Ofra Keidar, Yonatan Samerano and Shay Levinson.
- Looking for more on this topic? Find more antisemitism coverage from Fox News here.
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Crisis Averted—But What Was The Section 899 Revenge Tax Proposal?
Crisis Averted—But What Was The Section 899 Revenge Tax Proposal?

Forbes

time31 minutes ago

  • Forbes

Crisis Averted—But What Was The Section 899 Revenge Tax Proposal?

WASHINGTON, DC - APRIL 23: U.S. Treasury Secretary Scott Bessent delivers remarks during the ... More International Finance Institute Global Outlook Forum at the Willard InterContinental Washington on April 23, 2025 in Washington, DC. The forum is being held alongside the 2025 spring meetings of the World Bank Group (WBG) and International Monetary Fund (IMF). (Photo by) There are myriad ways to express displeasure with international tax policy: you can file a complaint at the Organisation for Economic Co-operation and Development (OECD), leverage a charm offensive, or, if you're looking for a quick fix, you can slap a retaliatory tax on foreign investors, spook the market, and call it a day. The Trump administration opted for the latter—albeit briefly—with the seemingly now-defunct Section 899 provision, branded by some as the 'revenge tax.' This provision, tucked into the One Big Beautiful Bill Act, levied a targeted tax meant to punish countries that impose 'discriminatory' taxes on American firms – particularly tech giants. Now however, after some handshakes and a flurry of posts on social media, it seems the revenge tax has been scrapped. Quietly scuttled, its political usefulness exhausted—for now. What Was the Section 899 'Revenge Tax?' At its core, Section 899 was a legislative jab aimed squarely at America's trading partners. Buried in the GOP's sweeping policy bill, the provision would have authorized the U.S. to impose punitive taxes on companies headquartered in countries that were, in the view of the Trump administration, treating American firms unfairly. The sweeping new section of the tax code would have been titled 'Enforcement of Remedies Against Unfair Foreign Taxes'—not exactly a subtle start. Section 899 didn't go after governments that it felt had treated U.S. firms unfairly, but instead targeted people and businesses with ties to 'discriminatory foreign countries.' That included foreign individuals, corporations not majority-owned by U.S. persons, private foundations and trusts, and just about any other foreign partnership or structure that Treasury didn't like the looks of. The goal was clear: foreign investors from offending jurisdictions were going to be made to feel real economic pain. The core mechanism was an annual ratcheting-up of tax rates by 5% on the U.S. income of 'applicable persons' – everything from dividends and royalties to capital gains and even real estate sales. Exceptions were few – the legislation even explicitly overrode Section 892, which exempts sovereign wealth funds from taxation. The triggering mechanism for the tax was any broadly-defined 'unfair foreign tax,' which included the Undertaxed Profits Rule from OECD's Pillar 2, Digital Services Taxes (DSTs), and any other tax Treasury later deemed discriminatory or deliberately burdensome to U.S. persons. In sum, it would have been sweeping. If passed, Section 899 would have been a weaponization of the tax code into a tool of transparent foreign policy enforcement. It would have marked a sea change in international tax policy, shifting tax rates away from economics and towards the punishment of deemed foreign policy sins. What Prompted this 'Revenge?' Likely the most salient policy shift that triggered this revenge tax was the OECD's Pillar 2. Championed by the Biden administration, Pillar 2 aims to impose a 15% global minimum tax on the profits of multinationals—regardless of where they are headquartered or what markets they serve. On paper, it was intended to end the race to the bottom of low-tax jurisdictions; in practice, it creates a complex web of policies and enforcement rules that can allow foreign governments to tax U.S. companies in situations where the U.S. does not. The Undertaxed Profits Rule allows other countries to claim the ability to tax if a company's home jurisdiction does not sufficiently tax its own domestic entities. Think of it as a foreign state saying, well, if you aren't going to tax your companies at 15%, we'll gladly make up the difference for you. To the Trump administration, this was unacceptable—a path to the European Union skimming revenue from American companies. The final straw was likely the imposition of DSTs—levies aimed at the revenue of tech giants like Meta and Google, often imposed by European countries that have grown tired of waiting for the U.S. to sign on to Pillar 2. Of course, countries considering and ultimately passing DSTs were merely exercising their right to tax American companies selling into their markets—but that is neither here nor there. Why Section 899 Was a Problem—And Why It Died For all its bluster, Section 899 had one main flaw: it was bad policy masquerading as tough politics. From the moment the bill hit the docket, or more accurately folks found it swimming around in the One Big Beautiful Bill Act, alarms went off across the market. As it turns out, foreign investment doesn't like uncertainty. Section 899 would have injected a lot of uncertainty into the foreign investment market. The tax hikes weren't automatic, and there was no schedule that could be consulted by any one individual state; they turned on vague determinations like what was and wasn't an 'unfair tax.' Treasury could label a state a discriminatory foreign country based on opaque criteria and ramp up rates immediately—all without Congress lifting a finger. As is to be expected, trade groups warned of chilling effects on capital markets. Foreign governments viewed it as a backdoor sanctions regime. So it died – not with a bang, but with a post. Scott Bessent publicly called for the provision's removal, citing diplomatic progress. The death of the Revenge Tax doesn't mean this particular international tax skirmish is over, however, only that the battle was paused temporarily in favor of diplomacy. If global talks stall, or DSTs raise their heads again, no one should be surprised if a future Congress pulls out this playbook again.

Cuomo will stay in NYC mayor's race after conceding Democratic primary to Mamdani, CNN has learned
Cuomo will stay in NYC mayor's race after conceding Democratic primary to Mamdani, CNN has learned

CNN

time39 minutes ago

  • CNN

Cuomo will stay in NYC mayor's race after conceding Democratic primary to Mamdani, CNN has learned

Andrew Cuomo will not drop out of the New York City mayoral race by the Friday deadline to remove himself from the general election ballot, sources tell CNN. That leaves in place contingency plans he had established before the Democratic primary to challenge Zohran Mamdani and incumbent Mayor Eric Adams in November. The former New York governor, who quickly conceded the Democratic primary race on Tuesday night to Mamdani, has not fully committed to running an active campaign through the summer and fall. But Cuomo will keep the place he already secured on the 'Fight & Deliver' ballot line for the November election, three sources say. Cuomo is calculating that the full city's electorate would be significantly different from Democratic primary voters who were energized by Mamdani's focus on affordability and his campaign's online videos. His camp also believes Mamdani and his policy ideas, from a rent freeze to city-operated grocery stores, will receive increased scrutiny now that Mamdani is positioned to secure a Democratic primary win once ranked-choice votes are allocated next week. Notably, New York Gov. Kathy Hochul as well as Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries have praised Mamdani since Tuesday but declined to endorse him. And two House Democrats from swing districts in the New York suburbs criticized him after Tuesday's results put him in position to win the primary, while Republicans have sharply criticized Mamdani and tried to tie national Democrats to him. Mamdani is poised to face Adams, who opted out of this year's Democratic primary and is running as an independent himself, as well as Republican Curtis Sliwa. Cuomo staying on the November ballot leaves the door open for the former governor to resume his bid for a political comeback, four years after he resigned amid allegations of sexual harassment that he has denied. Cuomo was long considered the front-runner in the mayoral race but faced progressive anger over the sexual harassment cases as well as his handling of the Covid-19 pandemic while mayor, driving much of the liberal enthusiasm for Mamdani. Cuomo's bet would be that he could become a safe harbor for moderates and progressives concerned about Mamdani, a 33-year-old democratic socialist, or Adams, who was indicted on federal bribery charges before President Donald Trump's administration dismissed them contingent on Adams' cooperation with immigration enforcement. He could also keep his ballot line without campaigning, as he did in 2002 when he dropped a Democratic primary bid for governor but remained on the ballot as the Liberal Party candidate. For now, however, Cuomo has not set a timetable for making a final decision on whether to actively campaign or when to re-launch a prospective campaign. 'There's no clock ticking,' one source said.

Kentucky Senate hopeful Nate Morris pledges his loyalty to President Trump
Kentucky Senate hopeful Nate Morris pledges his loyalty to President Trump

Associated Press

time39 minutes ago

  • Associated Press

Kentucky Senate hopeful Nate Morris pledges his loyalty to President Trump

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