“There’s a lot that’s controversial about tax policy, but not everything is controversial. It’s obvious that if you cut a tax that’s only paid by married couples who’ve amassed at least $11 million that you are helping rich people. It’s obvious that if you enact a special discount tax rate for people who own LLCs then you are helping Donald Trump, who owns a ton of them. And it’s obvious that if part of your plan is permanent and part of it is temporary, and the part you made temporary is the part that helps the middle class, then helping the middle class wasn’t your priority.” More ...
Month: November 2017
GOP Tax Bill Is The End Of All Economic Sanity In Washington
“There’s no economic justification whatsoever for a tax cut at this time. U.S. GDP is growing, unemployment is close to 4 percent (below what is commonly considered “full employment”), corporate profits are at record levels and stock markets are soaring. It makes no sense to add any federal government-induced stimulus to all this private sector-caused economic activity, let alone a tax cut as big as this one.” More …
Trump Jr. Hinted at Review of Anti-Russia Law, Moscow Lawyer Says
“A Russian lawyer who met with President Donald Trump’s oldest son last year says he indicated that a law targeting Russia could be re-examined if his father won the election and asked her for written evidence that illegal proceeds went to Hillary Clinton’s campaign.”
Russia Funded Facebook and Twitter Investments Through Kushner Associate
Institutions with close links to Kremlin financed stakes through business associate of Trump’s son-in-law. More …
GOP Tax Overhaul Would Eliminate Tax Breaks Used by Colleges and Students
Republican tax reform plan would tax large endowments and limit or kill key deductions, including one for student loan interest and another for graduate students. More …
The Many Times George Papadopoulos Tried to Connect the Trump Campaign with Russia
“After newly unsealed court filings revealed George Papadopoulos pleaded guilty to lying to the FBI about his contacts with Russians, President Trump quickly downplayed his relationship to his campaign’s foreign policy adviser. But the records show Papadopoulos was actually in frequent touch with senior campaign officials about his efforts to connect Trump’s team with the Russian government. Papadopoulos was also offered damaging information on opponent Democrat Hillary Clinton from people he believed were connected to the Kremlin, according to the documents.” More …
Trump Will Hire 70 Foreign Workers to Staff His Mar-a-Lago Resort
“Donald Trump, the “America First” president, was given permission to bring in 70 foreign workers to staff his south-Florida Mar-a-Lago resort. Through The Department of Labor’s H-2B Visa Program, 20 cooks, 35 waiters, and 15 housekeepers will join the luxury getaway’s crew for the winter season.” More …
GOP Tax Plan Hurts Orphans, Helps Trust-Fund Kids
“The Tax Cuts and Jobs Act doesn’t just redistribute trillions of dollars to corporate shareholders; or provide a windfall to wealthy business owners; or repeal the tax on estates worth more than $5.5 million dollars: It also allows the heirs of those estates to avoid paying any capital gains on their inherited assets — while ending a tax credit for adoption expenses which was specifically designed to encourage adoption.” More …
Despite Trump Campaign Promise, Billionaires’ Tax Loophole Survives Again
“From early in the 2016 presidential campaign, Donald Trump swore he’d do away with the so-called carried-interest loophole, the notorious tax break that allows highly compensated private-equity managers, real estate investors (Trump!) and venture capitalists to be taxed at a much lower rate than other professionals.Yet the sweeping tax legislation released by House Republicans leaves the treatment of carried interest untouched.” More …
The Climate Report President Trump Thinks You’re Too Stupid to Read
The report refines our understanding of key issues that have huge implications for how we live today and in the future. More …