Story perspectives
Trump Tax Cuts Lift S&P; ICE Abolition Sparks Controversy
5/4/2026
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Story summary
- Bill Maher warned that labeling President Donald Trump “Hitler” could incite violence.
- Democratic Senate candidate Abdul El-Sayed called Immigration and Customs Enforcement (ICE) unconstitutional and pledged its abolition.
- Republican leaders warned El-Sayed’s ICE abolition could leave Americans powerless as migrant numbers rise.
- President Donald Trump’s tax cuts and tariffs spurred investment, sending the S&P 500 to a record on May 1, 2026.
- Governor Gavin Newsom said the billionaire tax would drive capital away.
