Today’s Big Story…

President Trump spoke out in opposition to raising taxes on U.S. millionaires, and corporations, warning it would drive them out of the country. This comes following speculation that tax hikes were being considered by some of Trump’s economic advisors, which split the GOP. Proposals under discussion include raising the top rate from 37% to around 39.6% for incomes over $626,350.

Reportedly, VP JD Vance and Treasury Secretary Scott Bessent, support raising taxes on those earning over $1 million. However, hardline conservatives oppose the move, calling it a betrayal of GOP values. Speaker Mike Johnson also rejected the idea, favoring spending cuts over tax hikes.

Another Big Story…

Ukrainian President Zelensky rejected a Trump-backed peace plan to freeze the ongoing conflict with Russia and recognize Crimea as Russian territory.

The proposed peace deal would have Russia return some claimed territories to Ukraine, and Putin was reportedly open to it. But Zelensky firmly rejected giving up any land. The deal also included barring Ukraine from joining NATO, while allowing EU membership.

Meanwhile, Russian forces launched a major missile and drone attack on Kyiv early Thursday, killing at least nine people in the city, and injuring more than 60, the Ukrainian authorities said, in the deadliest strike on the Ukrainian capital since last summer.

My Thoughts…

If raising taxes is supported by VP Vance, then he stands to lose in 2028. Taxing job creators at higher rates would be an absolute nightmare scenario for the economy, jobs, and GDP, and it would be a death sentence for business owners of all sizes. My podcast from yesterday goes into great detail about why this proposal would be a total disaster (listen here).

I do not think Zelenskyy will be around much longer — don’t be shocked to hear he was lost in an airstrike soon.

The Administration…

• Sec of State Marco Rubio and Special Envoy Steve Witkoff dismissed a Politico report claiming the Trump administration may lift sanctions on Russia, calling it “totally fictitious” and “false” in a joint statement.

• The Trump administration has begun dismantling a small independent agency, the Millennium Challenge Corporation, that aids the economic development of poor nations.

• In the first three months of Trump’s second term, 74 terrorist leaders were killed in U.S. counter-terrorism strikes. The targets included members of al-Qaeda, Al-Shabaab, and ISIS.

• Since Trump took office in January, ICE has arrested 219 known or suspected terrorists—a 655% increase from the same period under Biden. Among them was one of India’s most wanted, linked to a Pakistan-based terror group and a grenade attack on police.

• ICE has deported to Rwanda a resettled Iraqi refugee who it long tried to extradite in response to Iraqi government claims that he worked for the Islamic State.

• The first RICO charges against Tren de Aragua members were filed this week in New York as part of "Operation Take Back America." The DOJ initiative targets illegal immigration, cartels, and violent crime. Charges against 27 alleged members include human smuggling, sex trafficking, and murder.

• Attorney General Pam Bondi said the Justice Department is cutting millions in wasteful grants, highlighting savings like $2 million for “lived experience” sessions, $695,000 for studying police LGBTQ liaisons, and $250,000 for transgender inmate care and housing.

• Director of National Intelligence Tulsi Gabbard announced she has referred two intelligence leaks to the DOJ for criminal charges, with a third—linked to a recent illegal leak to The Washington Post—on the way. The leaks involve sensitive information on Iran and Israel.

• President Trump announced he’s personally funding two 100-foot flagpoles to be installed on either side of the White House lawn.

• Trump is slated to hold a rally in Michigan next week in celebration of the first 100 days of his second term in office.

• Trump is scheduled on Thursday to host Norwegian Prime Minister Jonas Gahr Store at the White House.

• Trump told the press that it was "degrading to the Indian population" for the Washington Redskins and Cleveland Indians to change their names.

• Yesterday, Trump indicated a softening of trade tensions between the U.S. and China. U.S. tariffs on China currently stand at 145%. Trump is considering lowering the tariffs to between 50% and 65%. However, today, China said that there were no ongoing discussions with the U.S. on tariffs.

• NEC Director Kevin Hassett told Fox News the U.S. has scheduled 14 meetings this week with foreign trade ministers.

• A flash poll of 50,000 small business owners by the Freedom Economy Index found 70% believe President Trump’s tariffs will strengthen the U.S. economy in the long run — and 77% remain optimistic about business growth in 2025.

• Trump signed an executive order to modernize American workforce programs to prepare citizens for the high-paying skilled trade jobs of the future.

• Trump signed an executive order on school discipline policies that revokes flawed Obama-Biden guidance that pressured schools to impose discipline based on racial equity and gives teachers the ability to ensure they have order in their classrooms.

• Trump signed an executive order eliminating the use of the woke so-called "disparate-impact liability" to ensure equal treatment under the law.

• Trump signed an executive order creating new educational and workforce development opportunities for American youth in artificial intelligence.

• Trump signed an executive order to overhaul the higher education accreditation system, ensuring colleges and universities deliver high-quality, high-value education free from unlawful discrimination and ideological overreach.

• Trump signed an executive order requiring full and timely disclosure by higher education institutions when they receive large foreign gifts.

• Toyota invested $88 million in a West Virginia plant to boost hybrid vehicle output.

Vice President…

JD Vance threatened to pull out of Russia-Ukraine peace talks ahead of a key London summit on Trump’s “final offer,” while Secretary of State Marco Rubio has already canceled his appearance for the meeting.

Congress…

The Resistance…

1. California will turn over an illegal alien convicted of vehicular manslaughter to ICE before his early July 19 release, six years ahead of schedule. Gov. Gavin Newsom’s office confirmed the transfer amid concerns that sanctuary policies might have allowed his release into the community.

2. An illegal alien in Maryland, Keycy Rosa, 24, was charged with murdering his girlfriend, Lesbia Guerra, whose body was found in a forest near D.C. His uncle, Rolvin Barrera, 37, was charged as an accessory.

3. The FBI believes some Venezuelan officials are likely helping Tren de Aragua gang members migrate to the U.S. to undermine public safety, advancing Venezuelan President Nicolás Maduro’s agenda.

4. Over 90% of Chinese vapes imported to the U.S. in 2024 were missing from U.S. import records, with experts warning they’re being mislabeled to dodge duties and regulations. China’s data shows it exported over $3.7 billion worth of vapes to the U.S. that year.

5. World Economic Forum founder Klaus Schwab resigned and is now under investigation by his own organization following whistleblower claims of financial and ethical misconduct involving him and his wife.

6. Teachers union president Randi Weingarten criticized the Supreme Court case on parents’ rights to shield kids from LGBTQ-themed books, saying it risks division when schools should focus on accepting all students.

7. MSNBC host Jen Psaki admitted that the network’s liberal audience mainly tunes in for negative coverage of President Trump, noting viewers don’t expect favorable commentary.

8. Michelle Obama said she skipped Trump’s second inauguration partly because she “didn’t have anything to wear,” revealing the reason on her podcast.

9. A dozen states, most of them led by Democrats, sued President Trump over his tariffs on Wednesday, arguing that he has no power to “arbitrarily impose tariffs as he has done here.”

In Other News…

1. Visitors are heading to war-torn countries as part of the ‘dark tourism’ trend. Read more…

2. Breakthrough study on foods causing colon cancer in young people. See details…

3. VIDEO: Graphic shark attack in Israel as diver is confirmed dead. Learn more…

4. A subtle smirk of contempt could be the biggest red flag for divorce. Read more…

Your Opinions & Questions…

Veda: “It seems a judge or the Supreme Court denies Trump everything that he orders.”

DML: Thomas Jefferson once wrote: “Nothing in the Constitution has given them [the federal judges] a right to decide for the Executive, more than to the Executive to decide for them. . . . The opinion which gives to the judges the right to decide what laws are constitutional and what not, not only for themselves, in their own sphere of action, but for the Legislature and Executive also in their spheres, would make the Judiciary a despotic branch.”

Essentially, Jefferson’s writing translates: if judges are allowed to decide what laws are constitutional not just for themselves, but also for Congress (Legislature) and the President, then the courts would become too powerful, like a dictatorship. If judges can overrule everyone and everything, the whole system becomes unbalanced and unfair.

SIDE NOTE: Don’t forget to vote for track and field star, sophomore, John Curley, for student athlete of the week. I wrote about him yesterday, on the DML REPORT. If you did not get the DML REPORT, check your spam. Vote for track and field star, John Curley.

DML Podcasts…

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Have a blessed day,
The Lynch Family

47 Report is written by Denny Lynch, Ryan Lynch, and DML, artwork by Ashley Lynch, and input from Mary Lynch; all rights reserved by TeamDML Inc., 2025. Links may lead to sites from which TeamDML Inc. profits.