A TikTok Investor Has Avoided $1 Billion in Taxes. Now He’s a GOP Megadonor.

This story was originally published by ProPublica. One day in July 1985, three young men from Philadelphia, their lawyer and a burly Pinkerton guard arrived at a horse track outside Chicago carrying a briefcase with $250,000 in cash. Running the numbers on a Compaq computer the size of a small refrigerator, Jeffrey Yass and his friends had found a way to outwit the track’s bookies, according to interviews, records and news accounts. A few months earlier, they’d wagered $160,000, gambling that, with tens of thousands of bets, they could nail the exact order of seven horses in three different races.…

Manchin Got Huge Donation From GOP Megadonor After Tanking Build Back Better

After he announced in December he would not be supporting President Joe Biden’s Build Back Better Act, Sen. Joe Manchin’s political action committee received the maximum allowable contribution from billionaire Republican donor Ken Langone. The Hill reported late Friday that the wealthy investor, who supported former President Donald Trump’s 2016 campaign, gave $5,000 to Manchin’s Country Roads PAC less than two weeks after the right-wing Democratic senator from West Virginia said he would not join his party in supporting the president’s agenda. Langone’s wife also contributed $5,000 to the PAC, while other political donations the megadonor made around the same…

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