
<p>There has been reporting that Democrats intend to shred so-called “MAGA deals” made by President Trump with big corporations like Paramount, should the retake the House in the November Midterms.</p>



<p>According to Semafor and other outlets, Democratic lawmakers are quietly plotting how hard to go after corporations like ;Larry Ellison’s Skydance Paramount ;should they retake the House in November. Those reps have said the time to plan how to wield their power is now, as prediction markets show the party is heavily favored to win control of the House—81 percent on Kalshi, 85 percent on Polymarket—in November.</p>



<p>Specifically, Democratic lawmakers are intent on targeting corporations they allege are courting President Donald Trump just to line their pockets. Semafor writes that “Democrats have sent missives since last year to Paramount, Hewlett-Packard, and Alphabet.”</p>



<p>Those on the Oversight Committee have reportedly “homed in on fundraising for the White House’s ballroom renovation.”</p>



<p>Democratic Rep. Pramila Jayapal, of Washington, told Semafor she will push for anti-monopoly probes into a “few of the worst and focus there.”</p>



<p>Arizona Sen. Ruben Gallego issued a direct threat to CEOs who may have gotten close to the line of legality to curry favor from Trump for controversial business dealings.</p>



<p>“Once we take power, whoever the president is, we’re going to break up your companies,” he told Semafor in a warning to business executives. “So, all the investment you did to create these mergers are going to be for naught. Your investors are going to be pissed at you, and you’re likely going to end up getting fired as the CEO because you wasted so much money and corrupted yourself in the process.”</p>



<p>Gallego may have been referring in part to the Ellison family’s hostile takeover attempt of Warner Bros. Discovery and Hewlett Packard Enterprise’s ;acquisition ;of Juniper Networks.</p>



<p>Ellison, who Forbes estimates is ;worth ;$189 billion, has gone all in on buttering up Trump to approve a merger that critics say would eliminate competition in Hollywood and streaming.</p>



<p>In addition to a $16 million settlement with Trump over CBS News’ coverage in 2024, which was widely referred to as a “bribe” and “cowardly capitulation” to secure Federal Communications Commission approval, his company also picked the MAGA-curious Bari Weiss to lead CBS News.</p>



<p>Rep. Robert Garcia, the House Oversight panel’s top Democrat, said lawmakers plan to root out any “corruption” between executives and the White House.</p>



<p>“There’s opportunities to look at not just corporations that we think are enabling some of Trump’s corruption,” Garcia told Semafor, “but certainly corporations that are not supporting American families and not really focusing on affordability.”</p>



<p>Semafor also reported that Democratic Rep. Jamie Raskin of Maryland wants to investigate whether Trump has violated the Emoluments Clause of the Constitution, which forbids the president from receiving gifts from taxpayers or foreign governments.</p>



<p>A probe would surely explore the Trump Organization’s ;$10 billion lawsuit ;against the IRS and the Treasury Department, which it filed in a federal court in Miami last month, as well as the ;$400 million jet gifted to the administration ;by Qatar.</p>



<p>Trump may not be the only one in the administration under investigation come next year. Top Democrats have ;expressed interest ;in impeaching Homeland Security Secretary Kristi Noem after federal immigration agents under her command killed two American citizens.</p>

Dems Plan to blow up “MAGA Deals” if They Retake the House
