Thursday, April 27, 2017

ROBERT ARVAY - JANET NAPOLITANO, AS CORRUPT AS A MEXICAN CAN BE

One must wonder.  How does Janet Napolitano do it?  How does she continually wind up in places of power, despite her consistent reputation for ineptitude and corruption? While she was governor of Arizona, Napolitano requested increased f...

April 27, 2017

So how does Janet Napolitano do it?

One must wonder.  How does Janet Napolitano do it?  How does she continually wind up in places of power, despite her consistent reputation for ineptitude and corruption?
While she was governor of Arizona, Napolitano requested increased federal border security for her state, a praiseworthy action.  But later, while the head of Homeland Security, she actually opposed the same request made by her successor, Arizona governor Jan Brewer, even though Brewer's request was essentially identical to Napolitano's.  Hypocrisy knows no bounds.
In an extraordinary disconnect from practicality, Napolitano once proposed that the solution to airline hijacking was to require all passengers to keep their hands on their laps throughout the flight.  There is more.  After a terrorist attempted to firebomb an aircraft during landing, a passenger saved the day by overpowering the would-be mass murderer.  In response to this failure to prevent the terrorist from boarding the flight, Napolitano said (with amazing audacity) that "the system worked."  Apparently, the secret system involved having a large Dutch passenger on board to wrestle the bomber (sarcasm, of course).
The saga continues.  Now, Napolitano has somehow become head of the University of California, and apparently has not changed a bit.  She is accused of hiding $175 million in taxpayer funds from the public.  While she justifies this as an emergency fund, or what is often known as a slush fund, she cites among her list of emergencies funding for illegal immigrants.
Slush funds, although improper, are often a means of overriding bureaucratic foot-dragging when an immediate and legitimate need exists.  The practice, while frowned upon, at least oftentimes serves the taxpayer.  However, Napolitano's case is quite different in important respects.  According to a news article at Fox, Napolitano was dodging accountability for the funds with which she had been entrusted, trying to conceal her deeds from auditors, and requesting even more tuition money her department did not need.  All the while, she was overpaying her staff.
Who does Napolitano think she is – a Clinton?

State audit slams Janet Napolitano’s office of University of California president

Janet Napolitano, President of the University of California, is not only missing in action as her premier campus is embroiled in a free speech crisis and threatened mob violence, she has run an operation that just received a scathing audit. Patrick McGreevy of the Los Angeles Times reports:
 The administration of the University of California system pays top workers salaries and benefits significantly higher than that of similar state employees, and failed to disclose to the Board of Regents and the public that it had $175 million in budget reserve funds while it was seeking to raise tuition, a state audit found Tuesday.
The audit triggered a dispute with UC President Janet Napolitano, who said charges of hidden funds were false…. (snip)
The audit of the Office of the President also found that it failed to satisfactorily justify its spending on system-wide initiatives and “inappropriately” screened surveys submitted by auditors to campus officials.
This latter point – “screening” surveys of the auditors as they attempted to gather information from subordinates of Napolitano sounds suspiciously like attempting to cover up facts from the auditors.  State auditor Elaine Howell wrote:
… when we sought independent perspective from campuses about the quality and cost of the services and programs the Office of the President provides to them, the Office of the President intentionally interfered with our audit process,” Howle wrote.
This sort of interference in uncovering evidence in a legal case would be subject to court sanction, and would be a signal to prosecutors to dig deeper over presumed wrongdoing. But this is a state audit, answerable to the state legislature, a one-party body that has no interest in reform at any state institution that provides substantial campaign donations to Democrats.
So outraged was the auditor that:
The auditor said that because of recent tuition hikes, she recommends the Office of the President should refund available funds in the reserves by returning them to the campuses for the benefit of students.
In the private sector, this sort of practice is called a “claw-back” – forcing the disgorgement of unjustly accumulated funds, as in, for instance, securities fraud. But in the public sector, no criminal penalties seem to apply, because public employees are all angels, or something.
The angels working for Janet Napolitano are certainly benefitting:
Auditors said salaries paid to those in the president's office are much higher than the pay of comparable positions in other state government jobs. (snip)
Administrative salaries amounted to $2.5 million more than the maximum annual salary ranges for comparable state employees, auditors found.
For instance, an accounting manager’s maximum annual salary is $169,000 at UC compared to $156,000 for other state employees.
An information system manager can make $258,000 with UC, but $150,000 with other state agencies.
The audit said: “10 executives in the Office of the President whose compensation we analyzed were paid a total of $3.7 million in fiscal year 2014-15 — over $700,000 more than the combined salaries of their highest paid state employee counterparts.”
On benefits, the Office of the President provided a regular retirement plan but also offered its executives a retirement savings account into which the office contributes up to 5% of the executives’ salaries—about $2.5 million over the past five years, the audit found.
“The Office of the President also spent more than $2 million for its staff’s business meetings and entertainment expenses over the past five years—a benefit that the State does not offer to its employees except in limited circumstances,” the audit said.
Wow, $2 million for meetings and entertainment over 5 years equals $400,000 per year, presumably for the “10 executives.” So $40k per year in meetings and entertainment expenses per executive per year. Why do I suspect a lot of those meetings were in Bali or at least Bal Harbour?
The practices discovered by the auditor would be troubling if Napolitano ran a tight ship and the university were flourishing. But the fact is that she has been entirely in default as the university has spun into crisis. It is now known worldwide for tolerating mob rule that prevents conservative voices from being heard. She should be fired for this, but of course, she will not

THE OBAMA COUP TO BE DICTATOR: THE ARMY OF ILLEGALS TO BRING AMERICA DOWN AND FORM THE  OBAMA MUSLIM-STYLE DICTATORSHIP THAT WILL BE OPEN BORDERS AND PRO LA RAZA FASCIST SUPREMACY.


Daniel Greenfield, the award-winning Shillman Journalism Fellow at the Freedom Center, believes (OBAMA'S POLITICAL PARTY) “OFA will be far more dangerous in the wild than the Clinton Foundation ever was.”

“Barack Obama and his henchmen would not have been 

emboldened in their ostensible machinations to undermine an 

election and then a presidency if it were not for the fecklessness of 

the Republican  Party and the blind eye as well as the tacit 

support of the mainstream media.”


THE LEGACY OF BARACK OBAMA: Final Death of the American White Middle Class

Under the Obama administration, more Americans have found themselves consigned to economic ghettos, living in neighborhoods where more than 40 percent subsist below the poverty level.


Millions more now live in “high poverty” 

districts of 20-40 percent poverty, according 

to recently released report by the Brookings 

Institution.


THE OBAMA BOOK DEAL: Sixty-five million dollars—or even $267.5 million—is a small price to pay for the contribution the former president made to enriching the already fabulously rich, defending the American ruling elite’s geopolitical interests around the world and continuing the assault on the wages, benefits and living standards of the working class.


HOMELESS ELDERLY in AMERICA UNDER MEX OCCUPATION

A Nation dies young, poor, addicted and homeless…. It’s the American dream as the rich get super rich!


According to the National Alliance to End Homelessness, the number of elderly persons who are homeless in the US will have doubled by 2050.

America’s Super-rich Live 15 Years Longer!
………….. America’s Bludgeoned Middle-Class Dies Young, Addicted and Poor!

WE ARE MEXICO'S WELFARE SYSTEM
.... A Glimpse...
$640,000 and breeding anchor babies like bunnies

MURDER, RAPE, LOOT and VOTE DEM FOR MORE!

EACH ILLEGAL WILL COST THE AMERICAN PEOPLE $640,000 and then they go breed anchor babies for more!

CALIFORNIA ATTORNEY GENERAL, PUS-SPEWING LA RAZA FASCIST XAVIER BECERRA..... He is what happens when Mexicans vote!

"It didn’t stop Becerra, a prominent Latino rights 

advocate who has served in Congress since 1993, 

from pushing for the dealer’s release at the request

of his father, Horacio. The elder Vignali, a rich 

Los Angeles businessman, contributed thousands 

of dollars to Becerra’s various campaigns and a 

favor was in order."


CALIFORNIA UNDER MEXICAN OCCUPATION: 



CALIFORNIA UNDER LA RAZA SIEGE:

Mexico’s looting and ethnic cleansing of a once American state.




............................................america surrenders to Mexico without a battle!

THE LA RAZA PLAN: California’s final surrender to fly the Mexican flag within 4 years.

"The American Southwest seems to be slowly 

returning to the jurisdiction of Mexico without 

firing a single shot."  -- - EXCELSIOR --

- national newspaper of Mexico



They claim all of North America for Mexico!
(WARNING! THE BELOW LINK IS GRAPHIC ON MEXICAN HATRED OF LEGALS)


The Sick Man of Europe is a phrase that was first used to describe the waning Ottoman Empire.  Since then, it has been applied to various European countries over the years suffering from political and economic dilapidation, whether it was Britai...

April 27, 2017

California: The sick man of the United States

The Sick Man of Europe is a phrase that was first used to describe the waning Ottoman Empire.  Since then, it has been applied to various European countries over the years suffering from political and economic dilapidation, whether it was Britain or, later, Germany.
In the United States, we have our own "sick man."  California is gravely ill.  It is suffering from ideological madness, economic illiteracy, stubborn pretension, and general Democrat corruption.  As Donald Trump nears passage of repealing Obamacare, on cue, as predicted, California is putting into motion its own single-payer proposition, S.B. 562.  It sounds like a virus. 
As the state teeters on a raft of businesses fleeing to friendlier states, this will only accelerate that trend.  If Silicon Valley catches a cold and sneezes, and it too decides to migrate elsewhere, the muni bonds for the entire state immediately default.  The pensions alone are bound to do it anyway, even with Silicon Valley remaining.  The math will simply refuse to go along any farther. 
The left has already radically injured the state finances, as the budget is over $150 billion in debt even as it has increased taxes by more than ever before.  And now, with another new entitlement, at $370 billion a year projected in the first year – even if you slush-fund all the other accounts into one from Medicare to Medicaid to the ACA – massive new taxes on businesses and individuals would be required to fund this pig. 
Adding to the exodus of businesses already leaving, I doubt new businesses would be attracted ever to come here again. 
This week, there was already a media push on the steps of the state capitol, with unshaven Hollywood extras wearing previously handed out white lab coats to stand behind Democrat lawmakers backing the bill.  Of course, we can only assume there are corrupt lobbyist groups who will be exempted from this tyranny, such as public unions, who will still be able to get their individual plans that run $2,500 a month paid for without being thrown into this hellscape. 
California is on suicide watch.  It's not sure if it wants to be around anymore.  I'm not sure we can help it ever recover at this point.  As one attorney general, 

Kamala Harris, steps down to replace Barbara 

Boxer, another attorney general is secreted out 

of the glands of selfsame power in the form of 

pus-spewing Xavier Becerra.  The stench of cronyism is ranker than a Port-A-Potty at a chili cook-off.  It's like a Pez dispenser that keeps previously inserted candidates on rotation to be continuously spit out and reincarnated as they rise to the top.
The Democratic Party that has taken over the state is sick and getting sicker.  And Democrats' prescription is not to try to get well, but to get fatter with debt and offer more free whatever(at this point, it doesn't matter) and keep the party going.

THE FALL OF AMERICA UNDER THE LA RAZA SUPREMACY FASCIST INVASION, OCCUPATION AND LOOTING



As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."

California must stem the flow of illegal immigrants

The state should go after employers who hire them, curb taxpayer-funded benefits, deploy the National Guard to help the feds at the border and penalize 'sanctuary' cities.

“Illegal immigration is another matter entirely. With the state budget in tatters, millions of residents out of work and a state prison system strained by massive overcrowding, California simply cannot continue to ignore the strain that illegal immigration puts on our budget and economy. Illegal aliens cost taxpayers in our state billions of dollars each year. As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."


Is it too late for America?

 Obama's  Legacy of the 'Hispanicazation' of America



January 10, 2011

By: James Walsh
Casting a shadow on economic recovery efforts in the United States is the cost of illegal immigration that consumes U.S. taxpayer dollars for education, healthcare, social welfare benefits, and criminal justice. Illegal aliens (or more politically correct, “undocumented immigrants”) with ties to Mexican drug cartels are contributing to death and destruction on U.S. lands along the southern border.



While the declining job market in the United States may be discouraging some would-be border crossers, a flow of illegal aliens continues unabated, with many entering the United States as drug-smuggling “mules.”



  
LEGALS AND BUSINESS FLEE CALIFORNIA…. Where Mexico loots first

CA HAS THE HIGHEST TAXES IN THE NATION, THE LARGEST ILLEGAL MEXICAN POPULATION, THE LARGEST MEX WELFARE STATE and HALF THE MURDERS IN CA ARE NOW BY MEXICAN GANGS.

LA RAZA MEXICO’S TRILLION DOLLAR LOOTING OF AMERICA

The staggering cost of all that “cheap” Mexican labor:

MEXICANS SUCK IN MORE WELFARE THAN LEGALS!

“The lifetime costs of Social Security and Medicare benefits of illegal immigrant beneficiaries of President Obama’s executive amnesty would be well over a trillion dollars, according to Heritage Foundation expert Robert Rector’s prepared testimony for a House panel obtained in advance by Breitbart News.”

MEXICANS ANTONIO VILLARAIGOSA, 

XAVIER BECERRA AND KEVIN  de Leon 

and  ethnic cleansing of NON-HISPANICS from 

California prior to annexation by Mexico.


THE REAL FACE OF CALIFORNIA UNDER MEXICAN OCCUPATION:
“The California-Mexico border would surely be opened wide, prompting a spike in unfettered immigration by desperately poor people, drug dealers, and gang members to what is already a virtually lawless and out-of-control welfare state.”

Lou Dobbs Tonight
In California, League of United Latin American Citizens has adopted a resolution to declare "California Del Norte" a sanctuary zone for immigrants. The declaration urges the Mexican government to invoke its rights under the Treaty of Guadalupe Hidalgo "to seek thirdnation neutral arbitration of disputes concerning immigration laws and their enforcement." We’ll have the story.

ATTORNEY GENERAL BECERRA IN LA RAZA-OCCUPIED MEXIFORNIA
                                    
 … a state where half the murders are by mexican gangs!


LA RAZA FASCIST XAVIER BECERRA – HIS CAMPAIGN BRIBES  AND THE MEX DRUG DEALER



 It didn’t stop Becerra, a prominent Latino rights  advocate who has served in Congress since 1993, from pushing for the dealer’s release at the request of his  father, Horacio. The elder Vignali, a rich Los Angeles businessman, contributed thousands of dollars to Becerra’s various campaigns and a favor was in order. 

ATTORNEY GENERAL JEFF SESSIONS ORDERS CALIFORNIA TERMINATED.

MEXICO IMMEDIATELY DENOUNCED THE DECREE AND FIRED SESSIONS.

Attorney General Jeff Sessions: Emergency Intervention Needed in California NOW!


MEXICO’S BIGGEST EXPORTS TO U.S.: poverty, anchor 
baby breeders for welfare, criminals, unregistered dems and HEROIN!



By Arthur Schaper

Townhall.com

In California, illegals can vote: it’s possible and very likely. California’s automatic motor-voter law all but assures that illegals seeking driver’s licenses will get a ballot along with their license.

Miscreants from any corner of the world can register to vote in California online, too. No vetting, no assurance, no integrity.

Voter fraud in broken inner city hellholes like Detroit and New York City cannot compare with the ballot stuffing throughout the once Golden State.


CALIFORNIA UNDER LA RAZA SIEGE:

Mexico’s looting and ethnic cleansing of a once American state.



MEXICO ANNOUNCES CONTROL OF CALIFORNIA ACCOMPLISHED.


De Léon, who introduced the bill, made his remarks at a hearing in Sacramento on SB54, the bill to make California a “Sanctuary State.


California State Senate President Pro Tem Kevin De Léon (D-Los Angeles) said last Tuesday that “half his family” was in the country illegally, using false documents, and eligible for deportation under President Trump’s new executive order against “sanctuary” jurisdictions.

ANDREW SOLOMON - CALIFORNIA UNDER LA RAZA MEXICAN FASCIST OCCUPATION - IS CA THE SICK MAN OF THE UNITED STATES? NOTHING MORE THAN A WELFARE OFFICE FOR MEXICANS?

CALIFORNIA UNDER MEXICAN OCCUPATION: 



CALIFORNIA UNDER LA RAZA SIEGE:

Mexico’s looting and ethnic cleansing of a once American state.




............................................america surrenders to Mexico without a battle!

THE LA RAZA PLAN: California’s final surrender to fly the Mexican flag within 4 years.

"The American Southwest seems to be slowly 

returning to the jurisdiction of Mexico without 

firing a single shot."  -- - EXCELSIOR --

- national newspaper of Mexico



They claim all of North America for Mexico!
(WARNING! THE BELOW LINK IS GRAPHIC ON MEXICAN HATRED OF LEGALS)


The Sick Man of Europe is a phrase that was first used to describe the waning Ottoman Empire.  Since then, it has been applied to various European countries over the years suffering from political and economic dilapidation, whether it was Britai...

April 27, 2017

California: The sick man of the United States

The Sick Man of Europe is a phrase that was first used to describe the waning Ottoman Empire.  Since then, it has been applied to various European countries over the years suffering from political and economic dilapidation, whether it was Britain or, later, Germany.
In the United States, we have our own "sick man."  California is gravely ill.  It is suffering from ideological madness, economic illiteracy, stubborn pretension, and general Democrat corruption.  As Donald Trump nears passage of repealing Obamacare, on cue, as predicted, California is putting into motion its own single-payer proposition, S.B. 562.  It sounds like a virus. 
As the state teeters on a raft of businesses fleeing to friendlier states, this will only accelerate that trend.  If Silicon Valley catches a cold and sneezes, and it too decides to migrate elsewhere, the muni bonds for the entire state immediately default.  The pensions alone are bound to do it anyway, even with Silicon Valley remaining.  The math will simply refuse to go along any farther. 
The left has already radically injured the state finances, as the budget is over $150 billion in debt even as it has increased taxes by more than ever before.  And now, with another new entitlement, at $370 billion a year projected in the first year – even if you slush-fund all the other accounts into one from Medicare to Medicaid to the ACA – massive new taxes on businesses and individuals would be required to fund this pig. 
Adding to the exodus of businesses already leaving, I doubt new businesses would be attracted ever to come here again. 
This week, there was already a media push on the steps of the state capitol, with unshaven Hollywood extras wearing previously handed out white lab coats to stand behind Democrat lawmakers backing the bill.  Of course, we can only assume there are corrupt lobbyist groups who will be exempted from this tyranny, such as public unions, who will still be able to get their individual plans that run $2,500 a month paid for without being thrown into this hellscape. 
California is on suicide watch.  It's not sure if it wants to be around anymore.  I'm not sure we can help it ever recover at this point.  As one attorney general, Kamala Harris, steps down to replace Barbara Boxer, another attorney general is secreted out of the glands of selfsame power in the form of pus-spewing Xavier Becerra.  The stench of cronyism is ranker than a Port-A-Potty at a chili cook-off.  It's like a Pez dispenser that keeps previously inserted candidates on rotation to be continuously spit out and reincarnated as they rise to the top.
The Democratic Party that has taken over the state is sick and getting sicker.  And Democrats' prescription is not to try to get well, but to get fatter with debt and offer more free whatever(at this point, it doesn't matter) and keep the party going.

THE FALL OF AMERICA UNDER THE LA RAZA SUPREMACY FASCIST INVASION, OCCUPATION AND LOOTING



As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."



 California must stem the flow of illegal immigrants

The state should go after employers who hire them, curb taxpayer-funded benefits, deploy the National Guard to help the feds at the border and penalize 'sanctuary' cities.

“Illegal immigration is another matter entirely. With the state budget in tatters, millions of residents out of work and a state prison system strained by massive overcrowding, California simply cannot continue to ignore the strain that illegal immigration puts on our budget and economy. Illegal aliens cost taxpayers in our state billions of dollars each year. As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."


Is it too late for America?

 Obama's  Legacy of the 'Hispanicazation' of America



January 10, 2011

By: James Walsh
Casting a shadow on economic recovery efforts in the United States is the cost of illegal immigration that consumes U.S. taxpayer dollars for education, healthcare, social welfare benefits, and criminal justice. Illegal aliens (or more politically correct, “undocumented immigrants”) with ties to Mexican drug cartels are contributing to death and destruction on U.S. lands along the southern border.



While the declining job market in the United States may be discouraging some would-be border crossers, a flow of illegal aliens continues unabated, with many entering the United States as drug-smuggling “mules.”



  
LEGALS AND BUSINESS FLEE CALIFORNIA…. Where Mexico loots first
CA HAS THE HIGHEST TAXES IN THE NATION, THE LARGEST ILLEGAL MEXICAN POPULATION, THE LARGEST MEX WELFARE STATE and HALF THE MURDERS IN CA ARE NOW BY MEXICAN GANGS.
LA RAZA MEXICO’S TRILLION DOLLAR LOOTING OF AMERICA
The staggering cost of all that “cheap” Mexican labor:
MEXICANS SUCK IN MORE WELFARE THAN LEGALS!
“The lifetime costs of Social Security and Medicare benefits of illegal immigrant beneficiaries of President Obama’s executive amnesty would be well over a trillion dollars, according to Heritage Foundation expert Robert Rector’s prepared testimony for a House panel obtained in advance by Breitbart News.”

MEXICANS ANTONIO VILLARAIGOSA, XAVIER BECERRA AND KEVIN  de Leon and ethnic cleansing of NON-HISPANICS from California prior to annexation by Mexico.
THE REAL FACE OF CALIFORNIA UNDER MEXICAN OCCUPATION:
“The California-Mexico border would surely be opened wide, prompting a spike in unfettered immigration by desperately poor people, drug dealers, and gang members to what is already a virtually lawless and out-of-control welfare state.”
Lou Dobbs Tonight
In California, League of United Latin American Citizens has adopted a resolution to declare "California Del Norte" a sanctuary zone for immigrants. The declaration urges the Mexican government to invoke its rights under the Treaty of Guadalupe Hidalgo "to seek thirdnation neutral arbitration of disputes concerning immigration laws and their enforcement." We’ll have the story.

ATTORNEY GENERAL BECERRA IN LA RAZA-OCCUPIED MEXIFORNIA
                                    
 … a state where half the murders are by mexican gangs!


LA RAZA FASCIST XAVIER BECERRA – HIS CAMPAIGN BRIBES  AND THE MEX DRUG DEALER



 It didn’t stop Becerra, a prominent Latino rights  advocate who has served in Congress since 1993, from pushing for the dealer’s release at the request of his  father, Horacio. The elder Vignali, a rich Los Angeles businessman, contributed thousands of dollars to Becerra’s various campaigns and a favor was in order. 

ATTORNEY GENERAL JEFF SESSIONS ORDERS CALIFORNIA TERMINATED.

MEXICO IMMEDIATELY DENOUNCED THE DECREE AND FIRED SESSIONS.

Attorney General Jeff Sessions: Emergency Intervention Needed in California NOW!


MEXICO’S BIGGEST EXPORTS TO U.S.: poverty, anchor 
baby breeders for welfare, criminals, unregistered dems and HEROIN!



By Arthur Schaper

Townhall.com

In California, illegals can vote: it’s possible and very likely. California’s automatic motor-voter law all but assures that illegals seeking driver’s licenses will get a ballot along with their license.

Miscreants from any corner of the world can register to vote in California online, too. No vetting, no assurance, no integrity.

Voter fraud in broken inner city hellholes like Detroit and New York City cannot compare with the ballot stuffing throughout the once Golden State.


CALIFORNIA UNDER LA RAZA SIEGE:

Mexico’s looting and ethnic cleansing of a once American state.



MEXICO ANNOUNCES CONTROL OF CALIFORNIA ACCOMPLISHED.


De Léon, who introduced the bill, made his remarks at a hearing in Sacramento on SB54, the bill to make California a “Sanctuary State.


California State Senate President Pro Tem Kevin De Léon (D-Los Angeles) said last Tuesday that “half his family” was in the country illegally, using false documents, and eligible for deportation under President Trump’s new executive order against “sanctuary” jurisdictions.

TRUMPERnomics: CUT SOCIAL SECURITY TO OFFSET TAX CUTS FOR THE SUPER RICH

CUT MEDICAID AND SOCIAL SECURITY TO FINANCE TAX CUTS FOR THE SUPER RICH!

OBAMA-CLINTON-TRUMPERnomics:  America’s Road to REVOLUTION


….. but will they finish off the American middle-class first???

“The Tax Policy Center finds that for the top 0.1 percent of income earners—those making more than $3.75 million annually—repealing this investment tax would amount to an average tax cut of $165,090.”

Trump tax cuts: A bonanza for corporations and the wealthy

By Patrick Martin 27 April 2017


27 April 2017
The Trump administration is proposing the largest tax cut for the wealthy in American history. The plan outlined on Wednesday would transfer trillions of dollars from future tax collections into the pockets of the super-rich. Its purpose is twofold: to enrich the financial aristocracy and force the destruction of programs such as Social Security and Medicare by depriving the federal government of the revenue needed to fund them.
Secretary of the Treasury Steven Mnuchin and Gary Cohn, chairman of Trump’s National Economic Council, issued a one-page statement of principles at a White House press conference Wednesday afternoon, where they gave only a few highlights and took a handful of questions, which they largely avoided answering.
The entire exercise seemed rushed. Press accounts suggest that the tax plan was thrown together in haste in response to mounting criticism from Wall Street, particularly in the wake of the abortive attempt to repeal Obamacare, that the administration was failing to live up to its commitments to carry out a major transfer of wealth from working people to the multi-millionaires.
That said, the press conference Wednesday did give a glimpse of the naked personal greed that is a major driving force of American capitalist politics. Mnuchin and Cohn could scarcely control their excitement over what Cohn called a “once in a generation opportunity” to transform the tax code. The two former Goldman Sachs bankers, each worth more than half a billion dollars, spelled out the main features of a plan that will add to their own immense wealth.
Among the main measures that will benefit those in the highest income brackets are:
* Abolishing the estate tax, so that the wealthy can pass on their fortunes intact
* Abolishing the Alternative Minimum Tax (AMT), established in response to widespread tax evasion by the wealthy
* Cutting the tax rate for business profits taken as personal income (so-called “pass-through” income) from 39.6 percent to 15 percent
* Cutting the top income tax rate from 39.6 percent to 35 percent
* Ending the capital gains tax surcharge of 3.8 percent for Obamacare
Many of these measures will benefit President Trump personally, particularly the abolition of the AMT. According to Trump’s leaked 2005 partial tax return, he paid $38 million in income tax that year, rather than $5 million, because of the AMT. He also takes much of his real estate investment income in the form of “pass throughs,” for which the rate would be cut by more than half.
Abolishing the estate tax, which currently applies only to fortunes of $5 million or more, would allow Trump to pass on his billions to his five children without them paying a penny. The same applies to Cohn (net worth $610 million) and Mnuchin (net worth $500 million).
The tax bonanza for corporate America is even greater than that for wealthy individuals. The biggest single proposed cut is the reduction in the corporate income tax rate from 35 percent to 15 percent, at an estimated cost of $2.4 trillion over the next ten years. In 2018 alone this action would cut the tax bill for corporations from $340 billion to $125 billion, a direct injection of $215 billion onto their bottom line. The bulk of those funds would be returned to wealthy shareholders via stock buybacks and dividends.
Added to that is the proposed change in the taxation of US-based global corporations through the establishment of a “territorial” tax system, in which only income earned by the corporation within the United States would be subject to corporate income tax. Given the ability of corporations to manipulate the flow of income, there will be a renewed incentive to record income in overseas tax havens rather than in the US, and thus escape taxation altogether.
This would be coupled with a one-time incentive for corporations to repatriate profits being held in offshore accounts. The rate at which these profits are taxed could be set as low as 5 percent, a huge boondoggle for a handful of corporations, including Apple and General Electric, which are holding trillions of dollars overseas.
The business tax cuts are expected to win support from many congressional Democrats, who will verbally oppose the reduction to a 15 percent rate for corporate income, but trumpet a cut to 18 or 20 percent as an acceptable “compromise” forced on Trump by their supposedly determined resistance.
The Obama administration had previously proposed a reduction in the corporate income tax rate from 35 percent to 28 percent, and 25 percent for manufacturers—a windfall of “only” $100 billion a year—while Senate Minority Leader Charles Schumer is the co-author of a bipartisan plan to “incentivize” the repatriation of overseas profits through a tax holiday for the corporations involved.
Ahead of Wednesday’s announcement, Schumer struck a pose of opposition, declaring on the Senate floor, “That’s not tax reform… That’s just a tax giveaway to the very, very wealthy that will explode the deficit.”
The last phrase is the key. Opposition from Democrats, and some Republicans, will focus on the fiscal impact of the tax cuts. To the extent that tax cuts are enacted—and they are virtually certain to pass in some form—there will be bipartisan demands that the cost of the handout to the wealthy be “paid for” through cuts in spending. These cuts will not be made in the gargantuan Pentagon budget, which will be increased, but rather in so-called entitlements such as Social Security, Medicare and Medicaid, the most expensive domestic social programs.
This perspective was spelled out by the Washington Post in an editorial published on the eve of the tax plan’s release, bemoaning the effect of the tax cuts on the federal deficit without mentioning the issue of economic inequality and the plundering of the country for the benefit of the super-rich. The editorial concluded, “For eight years, Republicans mercilessly attacked President Barack Obama for doing too little to cut federal deficits. Will they really turn around now and approve a budget-busting tax cut?”
The tax plan outlined Wednesday includes a number of provisions that will affect middle-income taxpayers, both positively and negatively. The net result cannot be seriously calculated because so many details remain undetermined.
Cohn said the White House is proposing to double the standard income tax deduction to $24,000 for a married couple. This would be offset by the elimination of the tax deduction for employer-paid health insurance and for payment of state and local taxes.
Lower income workers would gain nothing from the increased standard deduction, since they generally pay little or nothing in income taxes and are far more affected by payroll taxes for Medicare and Social Security, which would be unchanged under the Trump plan.
Cohn and Mnuchin described the tax plan outlined Wednesday as an “opening bid,” preparatory to lengthy negotiations between the White House and Congress. There are two possible legislative tracks—a bipartisan deal, which would require the support of at least eight Senate Democrats to overcome any filibuster, or passage under a procedure known as “reconciliation,” which requires only a simple majority but limits the duration of the tax cuts to a ten-year period.
AMERICA STUDENTS STARVE:
Report on the impact of OBAMA-CLINTONOMICS-TRUMPERNOMICS


THE SWAMP DWELLERS:

GLOBAL LOOTING of the POOR

TRUMP and FAMILY, BILL, HILLARY & CHELSEA 

CLINTON, MICHELLE AND “HOPE & CHANGE” 

PSYCHOPATH MUSLIM BARACK OBAMA!

Will they finish off America as they serve themselves and the super rich???

THE IMPACT OF TRUMPERnomics AND THE MASSIVE

TRANSFER OF WEALTH TO THE SUPER RICH

AMERICA: One paycheck and two illegals away from homelessness.


"The economists found that the pre-tax share of national income received by the
bottom half of the US population has been cut nearly in half since 1980, from 20
percent to 12 percent, while the income share of the top one percent has nearly

doubled, from 12 percent to 20 percent."