Thursday, November 2, 2017

PELOSI DECLARES THAT GOP TAX BILL DESIGNED TO PLUNDER MIDDLE CLASS...... EXCUSE ME!?! - WHAT DO PELOSI'S LA RAZA MEXICAN WELFARE STATE ON OUR BACKS DO ALREADY???

HAD ENOUGH OF THE RICH PLUNDERING THE AMERICAN MIDDLE CLASS?


"The tax bill represents an intensification of the social 

counterrevolution of the past four decades that has 

devastated the living standards of millions of workers while 

increasing social inequality and the wealth of the financial 

elite to unprecedented levels. It initiates a new stage in the 

plundering of society by the corporate oligarchy."



TWITTER TRUMPER trades WALL for tax cuts for the super rich…. But he doesn’t pay taxes!!!

TRUMP: For more tax cuts for the rich, NO (REAL) WALL, NO E-VERIFY, NO LEGAL NEED APPLY and NO ENFORCEMENT!




CALIFORNIA: MEXICO’S LOOTED WELFARE STATE


Mark Levin: ‘There Is a Big, Ugly Side to Illegal Immigration’

Thursday on Levin TVnationally syndicated radio show host Mark Levin warned about the dangers of illegal immigration saying, “There is a big, ugly side of illegal immigration,” Levin said. “There’s all kinds of crimes being committed by people who aren’t supposed to be here.”


Adios, California          
A fifth-generation Californian laments his state’s ongoing economic collapse.
By Steve Baldwin
American Spectator, October 19, 2017
What’s clear is that the producers are leaving the state and the takers are coming in. Many of the takers are illegal aliens, now estimated to number over 2.6 million. 
The Federation for American Immigration Reform estimates that California spends $22 billion on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs. Liberals claim they more than make that up with taxes paid, but that’s simply not true. It’s not even close. FAIR estimates illegal aliens in California contribute only $1.21 billion in tax revenue, which means they cost California $20.6 billion, or at least $1,800 per household.

Nonetheless, open border advocates, such as Facebook Chairman Mark Zuckerberg, claim illegal aliens are a net benefit to California with little evidence to support such an assertion. As the Center for Immigration Studies has documented, the vast majority of illegals are poor, uneducated, and with few skills. How does accepting millions of illegal aliens and then granting them access to dozens of welfare programs benefit California’s economy? If illegal aliens were contributing to the economy in any meaningful way, California, with its 2.6 million illegal aliens, would be booming.

Furthermore, the complexion of illegal aliens has changed with far more on welfare and committing crimes than those who entered the country in the 1980s. 
Heather Mac Donald of the Manhattan Institute has testified before a Congressional committee that in 2004, 95% of all outstanding warrants for murder in Los Angeles were for illegal aliens; in 2000, 23% of all Los Angeles County jail inmates were illegal aliens and that in 1995, 60% of Los Angeles’s largest street gang, the 18th Street gang, were illegal aliens. Granted, those statistics are old, but if you talk to any California law enforcement officer, they will tell you it’s much worse today. The problem is that the Brown administration will not release any statewide data on illegal alien crimes. That would be insensitive. And now that California has declared itself a “sanctuary state,” there is little doubt this sends a message south of the border that will further escalate illegal immigration into the state.

Indeed, California goes out of its way to attract illegal aliens. The state has even created government programs that cater exclusively to illegal aliens. For example, the State Department of Motor Vehicles has offices that only process driver licenses for illegal aliens. With over a million illegal aliens now driving in California, the state felt compelled to help them avoid the long lines the rest of us must endure at the DMV. 
And just recently, the state-funded University of California system announced it will spend $27 million on financial aid for illegal aliens. They’ve even taken out radio spots on stations all along the border, just to make sure other potential illegal border crossers hear about this program. I can’t afford college education for all my four sons, but my taxes will pay for illegals to get a college education.




JUDICIAL WATCH

Illegal Immigration Costs U.S. Taxpayers a Stunning $134.9 Billion a Year



THE ENDLESSLY HISPANDERING DEMOCRAT PARTY funded by Wall Street’s biggest criminals says it is “ALL NEW”…. Meaning open borders to keep wages depressed and no regulation of plundering banks!
It’s Obama’s wet dream!

OPIOID ADDICTION IN AMERICA:
OBAMA AND HIS CRONIES IN BIG PHARMA AT WORK!

DEATH OF THE AMERICAN MIDDLE-CLASS AND THE STAGGERING COST OF MEXICO’S WELFARE STATE AND CRIME TIDAL WAVE ON AMERICAN BACKS.


 ILLEGALS & WELFARE
70% OF ILLEGALS GET WELFARE!

Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States.

“According to the Centers for Immigration Studies, April '11, at least 70% of Mexican illegal alien families receive some type of welfare in the US!!! cis.org”
CIS

So when cities across the country declare that they will NOT be sanctuary, guess where ALL the illegals, criminals, gang members fleeing ICE will go???? straight to your welcoming city. So ironically the people fighting for sanctuary city status, may have an unprecedented crime wave to deal with along with the additional expense.
*
$17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.
*
$12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English.
*
$22 billion is spent on (AFDC) welfare to illegal aliens each year.
*
$2.2 Billion dollars a year is spent on food assistance programs such as (SNAP) food stamps, WIC, and free school lunches for illegal aliens.
*
$3 Million Dollars a DAY is spent to incarcerate illegal aliens.
30% percent of all Federal Prison inmates are illegal aliens. Does not include local jails and State Prisons.
*
2012 illegal aliens sent home $62 BILLION in remittances back to their countries of origin. This is why Mexico is getting involved in our politics.
*
$200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens.
*
Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States.

POPULATION EXPLOSION FOR GRINGO WELFARE

THE HORDES OF ILLEGALS KEEP COMING…. Despite America’s jobs, housing and Mexican crime tidal wave.


Pelosi: GOP Tax Bill 'Designed to Plunder Middle Class'




By Susan Jones | November 2, 2017 | 11:32 AM EDT


House Minority Leader Nancy Pelosi (D-Calif.) (Photo: Screen grab/C-SPAN)
(CNSNews.com) - Even before House  Republicans announced details of their tax reform plan on Thursday, House Minority Leader Nancy Pelosi came out to condemn it.

"Good morning, everyone," she told a news conference. "It's a morning in which we are waiting in anticipation to see what further harm the Republicans will do with their deficit-increasing, job-killing, tax-cutting-for-the-rich bill that they're going to present today.


"But what we do know is what they have voted on already -- the budget which is the framework for where we go from here."

Pelosi said Republicans are unveiling a tax bill "designed to plunder the middle class" in order to put more money into the pockets of the wealthiest one percent.

"While Repubicans ambush the American people with this half-baked tax bill, written in the dark, to be raced through Congress before it is understood, we already know some of what to be the truth," she said.

"It raises taxes on the middles class -- millions of middle-class families across the country; borrows trillions from the future -- from our childdren and grandchidren's future to give tax cuts to the wealthiest; encourages corporations to ship jobs overseas; and the budget ransacks Medicare -- half-a-trillion cut from Medicare and Medicaid."

Pelosi insisted that Democrats want real bipartisan tax reform: "We stand ready to join Republicans at the table to produce growth, to create good-paying jobs that reduce the deficit -- that help keep America number one."

Pelosi said Republicans are perpetuating "a catastrophic transfer of wealth from the middle class to corporations and the wealthy."

She also said the Republican tax bill will be punitive to certain states, including her home state of California, because it removes the deduction for state and local income taxes. Those taxes are very high in states such as California and New York.
As CNSNews.com reported,  the state and local tax deduction, according to the latest Internal Revenue Service data, was taken by 42,502,130 tax filers—or 95 percent of the 44,671,840 tax filers who itemized their deductions in tax year 2015.

A number of Democrats appeared with Pelosi, each one of them blasting the Republican budget and tax reform plan, particularly the plan to eliminate the state and local tax deduction.


TRUMPERNOMICS: THE SUPER RICH 

APPLAUD TWITTER’S TAX PLAN!

"The tax overhaul would mean an unprecedented windfall for the super-rich, on top of the fact that virtually all income gains during the period of the supposed recovery from the financial crash of 2008 have gone to the top 1 percent income bracket."

Republicans unveil multitrillion-dollar tax cut for corporations and the rich

By Barry Grey
3 November 2017
The Republican leadership of the House of Representatives released a tax bill Thursday that will give corporations and the rich in America trillions of dollars in tax cuts and starve the federal government of revenues, setting the stage for a frontal attack on core social programs such as Social Security and Medicare.
The Trump White House and congressional Republicans plan to rush the 429-page measure through Congress and have it signed into law by Christmas, using expedited procedures to evade a filibuster in the Senate and dispense with public hearings.
The bill amounts to a Wall Street wish list. Its 
centerpiece is an immediate cut in the 
corporate tax rate from 35 percent to 20 
percent, which will save US corporations $2 
trillion over the next ten years.
It also effectively reduces the tax rate on 
corporate income generated by overseas 
operations from 35 percent to 10 percent, 
allowing giant companies such as Apple and 
Amazon to repatriate the hundreds of billions
of dollars they have stashed away overseas to 
avoid US taxes, by charging a one-time rate 
of 12 percent.
It maintains the top personal income tax rate of 39.6 percent (down from 70 percent in 1980), but applies it to households making more than $1 million a year, up from the current threshold of $500,000. It doubles the exemption for estate taxes to $11 million and eliminates the tax entirely in six years, providing a huge windfall for the wealthiest 0.2 percent of the population. By guaranteeing the ability of the financial aristocracy to pass on its wealth in full to succeeding generations, it effectively establishes a dynastic caste at the very top of society that recalls the feudal nobility of the Middle Ages.
The bill eliminates the Alternative Minimum Tax, which almost exclusively impacts the wealthy, and reduces to 25 percent the tax on so-called “pass through” income reported by business owners.
The proposal roughly doubles the standard tax deduction for middle-income families. However, to keep the loss of federal revenue from handouts to corporations and the wealthy to $1.5 trillion over ten years, as required by the budget resolution passed last month, the measure repeals or reduces current tax deductions that chiefly benefit workers and middle-class people. These include deductions for mortgage interest payments, state and local taxes, student loans, medical expenses, moving costs, adoptions and tax credits for retired and disabled people.
As a result, millions of Americans will be 
forced to pay higher taxes to subsidize the 
theft of trillions of dollars by the financial 
oligarchy that controls both political parties 
and rules the country.
The tax bill represents an intensification of the social counterrevolution of the past four decades that has devastated the living standards of millions of workers while increasing social inequality and the wealth of the financial elite to unprecedented levels. It initiates a new stage in the plundering of society by the corporate oligarchy.
The nonpartisan Tax Policy Center analyzed the framework for the current bill released by the Republicans in September, which reduced the top personal income tax rate from 39.6 to 35 percent. It concluded that by 2027, low- and moderate-income families with children would receive little or no tax cuts, and many would see tax increases. It said 80 percent of benefits would go to the top 1 percent of households, while the bottom 80 percent of the population would get less than 13 percent of the tax cuts and their after-tax incomes would rise by less than half of one percent.
The Center on Budget and Policy Priorities, using Tax Policy Center data, concluded that even if the top tax rate remains at 39.6 percent, the top 1 percent, who make more than $733,000 a year, would see average tax cuts of $90,000 in 2018 and receive 45 percent of the total net tax cut.
The top one-tenth of 1 percent of households, those with incomes above $3.4 million, would receive average tax cuts of $507,000 in 2018, a boost in their after-tax income of 7.2 percent. Those making less than $75,000 would see their after-tax income increase by only 0.9 percent.
Wall Street celebrated the bill with an 81-point surge in the Dow Jones Industrial Average, bringing the blue chip index to a new record high. The Dow has climbed by 25 percent since Trump’s election, building on the boom of the Obama years, when, on the basis of massive bank bailouts and wage cuts for auto and other workers, it more than tripled from its March 2009 low, in the aftermath of the 2008 financial crash.
Trump and the Republicans are trying to con the public with absurd and shameless lies, calling the bill a “tax cut for the middle class” that will “create jobs and raise wages.” At a White House photo op with House Speaker Paul Ryan, Ways and Means Committee Chairman Kevin Brady and other House Republicans, the billionaire speculator-turned-president hailed the bill as the biggest tax cut in US history. He and his congressional counterparts laughed and grinned, almost salivating over the prospect of pumping trillions more into the coffers of the rich and driving up their own stock portfolios in the process.
The tax package that eventually passes, whatever minor amendments are incorporated into the bill unveiled Thursday, will not create jobs or raise wages. It will no more benefit the working class than the tax cuts passed under Ronald Reagan and George W. Bush, with the support of the Democrats, or Obama’s multitrillion-dollar bank bailout. The additional money will go to more and bigger mansions, more private jets and private islands, more exclusive gated communities and similar obscene excesses, with a portion reserved for increasing the bribes to politicians of both parties.
As always, the Republicans are establishing the right-wing framework for new attacks on the working class and the Democrats are mounting a cynical show of opposition, while ensuring that the Republican proposals are enacted virtually intact. The biggest problems Trump faces in pushing the bill through come from dissident House Republicans from states such as New York and California that will be hardest hit by the removal of middle-class tax deductions, and from a group of fiscal hawks who object to the explosive growth of budget deficits and debt that will result from the measure.
Democratic House Minority Leader Nancy Pelosi and her Senate counterpart Charles Schumer held a joint press conference at which they denounced the bill as a handout to the rich. But the real position of the Democratic Party was spelled out by House Whip Steny Hoyer, who was interviewed on the CNBC business channel.
Asked if he and the Democrats supported a cut in corporate taxes, Hoyer said, “I agree on both lowering the corporate tax rate and finding a way to repatriate corporate dollars.” He noted that Obama had called for a corporate tax cut in a State of the Union address. The problem, he said, was that “the Republicans won’t agree to do this in a bipartisan manner.”
A number of Democrats from states that voted for Trump, including Senator Sherrod Brown of Ohio, a trade war “populist” close to the trade union bureaucracy, have met with Trump or publicly offered to discuss a common tax-cut plan. Others include Senator Joe Donnelly of Indiana, Jon Tester of Montana and Joe Manchin of West Virginia.




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