Meta just paid the lowest effective federal tax rate in its history.
Thanks to tax breaks and loopholes, it avoided $13.7B in 2025 federal income taxes.
But now it's planning to lay off 10% of its global workforce (8,000 people) by May 20 — with more job cuts later this year.
Trickle down hoax.
The Department of Labor has improved the lives of millions of people. I worked like hell as secretary of labor because I believed in what we were doing.
What's happened at the department under this latest Trump regime is an insult to generations of DOL employees, to American workers, to America.
Trump's Never-ending War and Trump's Never-ending Tariffs are pushing up Never-ending price increases. All of this is happening because of the unilateral decision making of one man. The question is, will he pay the price for it during the midterms?
On January 6th, 2021, when Trump incited an insurrection, America's corporate leaders rushed to distance themselves from him.
Today, as Trump destroys our democracy at home and stages more coups abroad, they're sucking up to him to pad their own bottom lines.
Tim Cook donated $1M to Trump’s inauguration.
He fawned over Trump and gifted him a 24-karat gold plaque (as Apple lobbied for tariff exemptions).
Apple donated to Trump’s White House ballroom.
And it removed ICE tracking apps from its stores following a demand from the DOJ.
Remember this.
So you and I and everyone else are in effect now refunding American corporations for import tariffs, although we paid for most of them in the form of higher prices — which they won’t now lower because they have monopoly power to keep prices high.
The Art of the Deal.
Tim Cook donated $1M to Trump’s inauguration.
He fawned over Trump and gifted him a 24-karat gold plaque (as Apple lobbied for tariff exemptions).
Apple donated to Trump’s White House ballroom.
And it removed ICE tracking apps from its stores following a demand from the DOJ.
Remember this.
Senator Jon Ossoff neatly breaks down political corruption in America — and how Trump’s “Mar-a-Lago mafia” has exploited it.
Every single Democrat should be saying this.
Tesla saved $400 million on its federal taxes by shifting billions of its U.S. profits to countries with lower tax rates.
Yes: While you paid your taxes in full, giant corporations maneuvered to pay as little as possible — and it’s all perfectly legal for them.
The system is rigged.
Billions in foreign real estate deals while serving as head of state.
Billions in crypto deals while gutting regulation of the industry.
Suing his own government and negotiating a settlement funded by the taxpayers.
We're so numb to Trump grifting off the presidency that hardly anyone notices.
Meta just paid the lowest effective federal tax rate in its history.
Thanks to tax breaks and loopholes, it avoided $13.7B in 2025 federal income taxes.
But now it's planning to lay off 10% of its global workforce (8,000 people) by May 20 — with more job cuts later this year.
Trickle down hoax.
Bust up big corporations and tackle Wall Street’s greed.
Get big money out of politics.
Strengthen unions and boost wages.
Pass Medicare for all, paid leave, universal childcare, and so much more...
This is the agenda Democrats need to fight for.
It's not enough to simply be anti-Trump.
As Trump's war on Iran continues, reminder that his own son-in-law Jared Kushner — who is leading negotiations with Iran — stands to profit from lucrative contracts with its regional rivals.
War gives dictators like Trump (and his family) more power and more wealth.
Every authoritarian action Trump is taking must be understood against the backdrop of his declining popularity.
He feigns strength, but he's operating from a place of weakness.
Remember this.
Wage growth is slowing. Inflation is on the rise. Consumer sentiment has hit a record low. Millions are struggling to make ends meet.
But corporate profits have skyrocketed despite massive layoffs and the stock market is up.
New "golden age" for who exactly?
In light of Trump’s increasingly cruel and bonkers behavior, many of you want to know: “What can I do now?” Here are 10 recommendations. https://robertreich.substack.com/p/what-you-can-do-f4a
Everything the Ellison family could own if Paramount buys Warner Bros:
Paramount+
CBS
CNN
Showtime
HBO
Warner Bros
TNT
TBS
MTV
DC Studios
Nickelodeon
Comedy Central
Cartoon Network
And more...
This is a rotten deal that the Trump regime has rubber stamped.
State AGs must step in and block it.
Effective 2025 federal tax rates paid by these corporations:
Alphabet: 8.01%
AT&T: 4.6%
Meta: 3.57%
General Motors: 3.09%
Amazon: 1.37%
Exxon Mobil: 1.31%
Disney: -1.57%
CVS Health: -3.88%
Income tax rate paid by the typical American: 14.5%
This is what a rigged system looks like.
I’ve long assumed that Samuel Alito was the worst Supreme Court Justice in recent history. But I’ve come to revise my view in light of recent comments made by one judge in particular. Let me explain... robertreich.substack.com/p/the-worst-justice-in-m...
Don’t believe the lies you hear about immigrant and undocumented workers.
The real villains are the greedy corporations that want workers fighting one another while they rake in record profits at all workers’ expense. https://youtu.be/4u_HwUn4bYQ?si=QW7tUu6SRTAremKY
Amazon, which saved $4B in taxes under Trump's Big Ugly Bill, has cut 30,000 jobs since last October.
Verizon, which saved $2B, plans to cut 15,000 jobs this year.
Meta, which saved $3B, plans to lay off 20% or more of its workforce.
Trickle-down economics is a cruel joke.
I don't think I'll ever get over Clarence Thomas ruling on cases related to Jan 6 knowing that his wife was an active participant in the attempted coup.
Or ruling on cases related to government regulations and a wealth tax knowing he took gifts from billionaires.
It's a disgrace.
Our full conversation: www.youtube.com/watch?v=Dcdk...
This is the reason the stock market is completely disconnected from the real economy.
I hesitate to say we’ve reached a turning point in this horrific time. But something profound seems to be changing. Let me explain. robertreich.substack.com/p/sunday-thought-a-chang...
Montana — yes, deep red Montana — has a plan to effectively neuter Citizens United.
No Supreme Court ruling or constitutional amendment needed.
Here's how it works. https://youtu.be/p1fPbGHe3xE?si=QZRQImV8KYD5Y90r
“The accumulation of all powers, legislative, executive, and judiciary, in the same hands...may justly be pronounced the very definition of tyranny.” —James Madison
In 1994, I took a lot of heat for this speech warning that the American middle class was in danger. Watch and tell me if I was wrong. https://www.youtube.com/watch?v=Bnd0eSuxu84
Today is the 251st anniversary of Paul Revere's midnight ride to warn the Minutemen of approaching British troops.
I want to take a moment to share an excerpt from the Declaration of Independence's grievances against King George III.
Remind you of anyone?
Pope Leo isn’t backing down in the face of Trump's threats.
Praise the Lord.
