Latest news with #fiscalresponsibility
Yahoo
2 days ago
- Business
- Yahoo
Anosh Inc Foundation Establishes Super PAC to Promote Legislative Priorities Across Illinois
New Super PAC will advocate for property tax reform, public safety, and fiscal responsibility to improve quality of life for Illinois communities Dr. Anosh Ahmed Image CHICAGO, July 18, 2025 (GLOBE NEWSWIRE) -- The Anosh Inc Foundation, led by respected Chicago-based physician and philanthropist Dr. Anosh Ahmed, today announced its intention to establish a new Super Political Action Committee (Super PAC) headquartered in Illinois. This strategic initiative aims to champion policies that reflect the foundation's mission of promoting public safety, fiscal responsibility, and sustainable community development throughout the state. The newly proposed Super PAC will focus its advocacy efforts on some of the most pressing issues affecting Illinois residents, including property tax reform, public safety, and the long-term financial impacts of state and local government programs. It is designed to serve as a civic engagement platform, empowering citizens, community leaders, and stakeholders to push for positive policy change. 'Many families across Illinois are experiencing increasing financial strain, rising property taxes, and public safety concerns,' said Dr. Anosh Ahmed, founder of the Anosh Inc Foundation. 'Through this initiative, our foundation is expanding its mission to support policy solutions that promote economic opportunity, protect our communities, and ensure long-term financial stability for residents.' The Super PAC will operate independently from any specific political campaign and will remain focused on issue-based advocacy. Its primary goal is to support candidates and legislation that reflect the foundation's core values, especially those focused on the well-being and prosperity of working-class families and underserved communities in Illinois. A key emphasis will be placed on building coalitions with local organizations, grassroots leaders, and policymakers to address challenges such as the disproportionate impact of property taxes, gaps in public safety, and financial inefficiencies in government programs. By taking a proactive stance in the public policy space, the Anosh Inc Foundation aims to help shape a future where Illinois families can thrive. The foundation's decision to launch a Super PAC comes as part of its broader effort to transition from direct community support into the policy and advocacy arena. Over the years, the Anosh Inc Foundation has led impactful initiatives in healthcare access, education, economic empowerment, and charitable outreach, particularly in underserved areas across the United States. About the Anosh Inc Foundation The Anosh Inc Foundation is a nonprofit organization based in Chicago and founded by Dr. Anosh Ahmed. Its mission is to create sustainable change in communities through direct action, strategic partnerships, and civic advocacy. The foundation supports initiatives in education, healthcare, and economic development. Media Contact:Sandra Gomez+1 (346) 678-7004legal@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
France 24
2 days ago
- Business
- France 24
US Congress approves $9 bn in Trump cuts to foreign aid, public media
The cuts achieve only a tiny fraction of the $1 trillion in annual savings that tech billionaire and estranged Trump donor Elon Musk vowed to find before his acrimonious exit in May from a role spearheading federal cost-cutting. But Republicans -- who recently passed a domestic policy bill expected to add more than $3 trillion to US debt -- said the vote honored Trump's election campaign pledge to rein in runaway spending. "President Trump and House Republicans promised fiscal responsibility and government efficiency," House Speaker Mike Johnson said in a statement just after the vote. "Today, we're once again delivering on that promise." Both chambers of Congress are Republican-controlled, meaning a mostly party-line House of Representatives vote of 216 to 213, moments after midnight, was sufficient to approve the Senate-passed measure. The bill now heads to the White House to be signed by Trump, who praised his backers in the House. "REPUBLICANS HAVE TRIED DOING THIS FOR 40 YEARS, AND FAILED... BUT NO MORE. THIS IS BIG!!!" he wrote on Truth Social. Most of the cuts target programs for countries hit by disease, war and natural disasters. But the move also scraps $1.1 billion that the Corporation for Public Broadcasting was due to receive over the next two years. Conservatives say the funding -- which goes mostly to more than 1,500 local public radio and TV stations, as well as to public broadcasters NPR and PBS -- is unnecessary and has funded biased coverage. The bill originally included $400 million in cuts to a global AIDS program that is credited with saving 26 million lives, but that funding was saved by a rebellion by moderate Republicans. 'Dark day' The vote was a win for Trump and fiscal hawks seeking to support the mission of the so-called Department of Government Efficiency (DOGE), launched by Musk as Trump was swept to power, for radical savings. Congress had already approved the cash that was clawed back, and Democrats framed the bill as a betrayal of the bipartisan government funding process. They fear Trump's victory clears the way for more "rescissions packages" canceling agreed spending. "Instead of protecting the health, safety and well-being of the American people, House Republicans have once again rubber stamped Donald Trump's extreme, reckless rescissions legislation," House Minority Leader Hakeem Jeffries said in a joint statement with fellow top Democrats. Republicans need some Democratic votes to keep the government funded past September, and the minority party had threatened to abandon any plans for cooperation if the DOGE cuts went ahead. Jeffries and fellow Democrats seemed to suggest as much on Friday. "Tonight's vote... makes it clear that House Republicans are determined to march this country toward a painful government shutdown later this year," they said in the statement. Although they are in the minority, Democrats have leverage in funding fights because a budget deal would need at least 60 votes in the 100-member Senate and Republicans only have 53 seats. Senate Minority Leader Chuck Schumer called it "a dark day for any American who relies on public broadcasting during floods, hurricanes, tornadoes, and other disasters." White House budget chief Russell Vought told an event hosted Thursday by the Christian Science Monitor that the administration was likely to send another rescissions package to Congress.
Forbes
2 days ago
- Business
- Forbes
House Passes $9bn Claw Back Of Public Broadcasting And Foreign Aid Funds
The House voted to approve the White House's request to scrap $9 billion in previously approved funding for foreign aid and public broadcasting early on Friday, sending the matter to President Donald Trump's desk, after a delay caused by a clash in the narrowly divided chamber over the Epstein files issue. Speaker of the House Mike Johnson, R-La., hailed the package's passage as a win for "fiscal ... More responsibility and government efficiency." Copyright 2025 The Associated Press. All rights reserved The rescissions package, which will claw back the already-approved funding, was passed mostly along party lines with a 216-213 vote, a day after the Senate cleared it. However, two GOP members, Reps. Brian Fitzpatrick, R-Pa., and Mike Turner, R-Ohio, voted against the measure along with all Democrats. The legislation will now be sent to Trump's desk, who hailed its passage on Truth Social, saying: 'REPUBLICANS HAVE TRIED DOING THIS FOR 40 YEARS, AND FAILED….BUT NO MORE. THIS IS BIG!!!' The president's post attacked public broadcast funding, saying the $9 billion cuts include 'ATROCIOUS NPR AND PUBLIC BROADCASTING, WHERE BILLIONS OF DOLLARS A YEAR WERE WASTED.' The rescissions package will allow the Trump administration to claw back $1.1 billion in funding from the Corporation for Public Broadcasting, which helps fund public broadcasters like PBS and NPR, and approximately $8 billion from foreign aid programs, including allocations to USAID. The Senate had passed the package early on Thursday in a 51-48 vote, with two Republican Sens. Lisa Murkowski of Alaska and Susan Collins of Maine, voting against it. After the bill's passage, Mike Johnson tweeted: 'President Trump and House Republicans promised fiscal responsibility and government efficiency. Today, we're once again delivering on that promise…The American people will no longer be forced to fund politically biased media and more than $8 billion in outrageous expenses overseas.'
The Independent
3 days ago
- Politics
- The Independent
Keir Starmer has asserted his power by suspending the Labour rebels – about time, too
Keir Starmer has acted against the most self-indulgent of his rebel MPs, suspending four of them and sacking a further three from their non-jobs as trade envoys. The whip was cracked with deliberation, a week after 49 Labour MPs opposed the government over its attempt to reduce the rate of increase in disability benefits spending. Starmer understands that no government with such a huge majority can afford to be pushed around by a minority faction. All Labour MPs were elected on a platform of moderation and fiscal responsibility. They owe their election to him – and to his efforts in opposition to reassure the voters that Labour can be trusted to manage the public finances. Yes, one can deplore the macho locker-room language of an unnamed Labour source saying that the four have been punished for 'persistent knobheadery'. But the anonymous loudmouth is essentially right that some MPs have been self-important in putting their ideology above the interests of the government and the country. The hardcore rebels, meanwhile, have confirmed their lack of judgement. They thought there was safety in numbers. 'They can't sack us all,' one of them said, at a time when more than 100 MPs were threatening to vote against the government. Some of them continued to think that, after Starmer was persuaded by Angela Rayner to take most of the savings out of the bill, which was still opposed by 49 Labour MPs. They were right that it would have been foolish for Starmer and Alan Campbell, the chief whip, to have suspended all the rebels. But it was essential that they sack some of them to make the point that a vote against the government is not a cost-free option. Some of the rebels who escaped suspension continued to demonstrate their inability to think straight. It was unfair, they said, to discipline their comrades who had raised legitimate concerns about the bill and persuaded the government to U-turn. It shows how 'thin-skinned' and 'weak' the prime minister is, one said. This is the soft-headedness of the soft left. The point is that the government U-turned – and 49 of them still voted against. The four persistent offenders are not being disciplined because the government agreed with them, but because they continued to vote against the bill after the government had conceded a large part of their demands. Tony Blair never felt he had to suspend the 'persistent knobheads' of his day. When Hilary Armstrong, his chief whip, suggested suspending Jeremy Corbyn, he said he thought the party could 'tolerate that level of difference'. Well, I wonder if he has changed his mind since. Starmer is not in the same situation, despite some parallels between then and now. Blair faced a similar-sized rebellion from his backbenchers (47) in his first year as prime minister, over a similar issue – cuts to lone-parent benefit. But Starmer was confronted with insubordination in the first week of his government, with John McDonnell, Corbyn's shadow chancellor, leading a revolt of seven MPs against the King's speech because it failed to lift the two-child benefit limit. Starmer rightly suspended the seven – although he allowed four of them, Richard Burgon, Ian Byrne, Imran Hussain and Rebecca Long-Bailey, back into the parliamentary party in February. The selective approach continues. The four who were suspended yesterday – Rachael Maskell, Neil Duncan-Jordan, Chris Hinchliff and Brian Leishman – were disciplined not just because they voted against the disability benefits bill, but because they have been serial rebels throughout the government's first year. The suspensions send a clear message to potential rebels that opposing the prime minister comes at a price. If they cannot 'tolerate that level of difference', in Blair's words, then fine – but they won't be able to stand for Labour at the next election. They are free to join another party, such as the one being set up by Zarah Sultana (one of McDonnell's fellow suspendees) in the name of Corbyn. But they will know that their chances of retaining their seats under a Corbynite banner are minimal. As for the trade envoys, the position is simple: you cannot have a government post and vote against the government. Duncan-Jordan and Leishman have hit back, saying they were not elected to make people 'poorer'. But Meg Hillier and Debbie Abrahams, the Labour select committee chairs who led the early phase of the rebellion, would say the same thing. They made their representations in private, persuaded Starmer to think again and then voted with the government. They were not elected to make people poorer – but they were not elected to blow up the public finances, either.
Bloomberg
5 days ago
- Business
- Bloomberg
Billionaires John and Laura Arnold Decry ‘Catastrophic Deficit' in Trump Tax Law
Billionaire philanthropists John and Laura Arnold have made fiscal responsibility a signature cause, going so far as to release a 20-step plan for the US to save up to $4 trillion. So when Congress passed President Donald Trump's 'Big Beautiful Bill' — which budget watchdogs say could add more than $5 trillion to the national debt — they called it 'catastrophic.'
