Friday, April 12, 2019

SOCIALISM IN AMERICA: WALL STREET LOVES IT!..... DEMANDS IT!..... PAYS FOR IT!

“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.” THEODORE ROOSEVELT

"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."



“Truthfully, It Is Tough To Ignore Some Of The Gross Immoral Behavior By The President” WASHINGTON POST



The number of U.S. companies paying zero federal taxes DOUBLED when Trump's tax plan took effect in 2018


·         60 large companies managed to escape 2018 taxes under Trump's new plan 

·         Many of those corporations actually received tax rebates totaling $4.3 billion

·         The businesses include: Amazon, Netflix, Chevron, Delta Airlines, JetBlue Airways, IBM, General Motors, Goodyear, Eli Lilly and United States Steel

·         The result is a $20.7 billion budget hole that is adding to America's federal debt

President Donald Trump's tax policy doubled the number of highly profitable companies that were able to avoid paying any federal taxes in 2018, according to a new report.
Amazon, Netflix, Chevron, Delta Airlines, IBM, General Motors and Eli Lilly were among those who managed to escape taxes for last year, according to the study by the Institute on Taxation and Economic Policy.
'Instead of paying $16.4 billion in taxes, as the new 21 percent corporate tax rate requires, these companies enjoyed a net corporate tax rebate of $4.3 billion, blowing a $20.7 billion hole in the federal budget last year,' the report says. 
The Washington, D.C. think tank analyzed America's 560 largest publicly held companies, finding that 60 of them paid nothing in taxes for last year – double the average of roughly 30 companies that got away scot-free each year from 2008-2015.
Republicans in Congress pushed through the tax law signed by Trump in 2017, and its policies favoring the richest Americans and most valuable U.S. companies took effect in 2018.
Scroll down for the full list of companies and rebates
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This graph illustrates the amount of money that 60 of America's largest companies were billed for taxes last year - along with the actual money they ended up getting back instead of having to pay. Source: Institute on Taxation and Economic Policy
The change cut the tax rate from 35 percent to 21 percent and allowed companies to take advantage of deductions, tax credits and rebates. That change alone is projected to save corporations $1.35 trillion over the next decade, according to the Joint Committee on Taxation.
'We know that there's this pretty glaring contrast between what the proponents of this tax law promised back in 2017 and what it's delivering now,' lead author Matthew Gardner told DailyMail.com.
'The whole argument was that the reason companies were avoiding taxes is because tax rates are so high,' he added. 'What we're seeing is that isn't coming to pass.' 
Collectively, the 60 companies that avoided all taxes last year managed 'to zero out their federal income taxes on $79 billion in U.S. pretax income,' according to the study, which was first reported on by the Center for Public Integrity and NBC News.
For example, the John Deer farm equipment company earned $2.15 billion before taxes, yet owed no U.S. taxes and used deductions and credits to extract $268 million from the federal government.
Nationally, corporate tax revenues decreased 31 percent in 2018 to $204 billion.
'This was a more precipitous decline than in any year of normal economic growth in U.S. history,' wrote Gardner, a senior fellow for the Institute on Taxation and Economic Policy, in the report.
 We know that there's this pretty glaring contrast between what the proponents of this tax law promised back in 2017 and what it's delivering now.        -Matthew Gardner, Institute on Taxation and Economic Policy
Trump had said that the corporate tax cut would pay for itself by sparking a business boom that would create more jobs, thus generating growing income tax revenues for the nation.
That reality hasn't emerged. Instead the nation's budget deficit is higher than it's ever been in this nation's history.
That's despite Trump's campaign promise to eliminate the $19.9 trillion national debt in eight years. So far it has ballooned 41.8 percent in the first four months of the 2019 fiscal year (which runs October 1 – September 30.
The Government Accountability Office announced in April that the 'federal government's current fiscal path … (is) unsustainable.'
Presidential economic adviser Larry Kudlow has said that 'economic growth' has 'paid for a good chunk' of the tax cuts, and that the budget's outlook is 'not as bad' as it's perceived.
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This table lists the amount of money that 60 of America's largest companies were billed for taxes last year - along with the actual money they ended up getting back instead of having to pay. Source: Institute on Taxation and Economic Policy



“Trump Administration Betrays Low-Skilled American Workers.”
The latest ad from the Federation for American Immigration Reform (FAIR) asks Trump to reject the mass illegal and legal immigration policies supported by Wall Street, corporate executives, and most specifically, the GOP mega-donor Koch brothers.
Efforts by the big business lobby, Chamber of Commerce, Koch brothers, and George W. Bush Center include increasing employment-based legal immigration that would likely crush the historic wage gains that Trump has delivered for America’s blue collar and working class citizens.

Mark Zuckerberg’s Silicon Valley investors are uniting with the Koch network’s consumer and industrial investors to demand a huge DACA amnesty

 

A handful of Republican and Democrat lawmakers are continuing to tout a plan that gives amnesty to nearly a million illegal aliens in exchange for some amount of funding for President Trump’s proposed border wall along the U.S.-Mexico border.


THE DEATH OF THE AMERICAN MIDDLE-CLASS
THE ASSAULT ON THE AMERICAN WORKER BY PHONY POPULIST SWAMP KEEPER TRUMP


Companies say they often pay good wages to their imported H-2B workers, often around $15 per hour. But that price is below the wages sought by Americans for the seasonal work which leaves them jobless in the off-season. The lower wages paid to H-2Bs also allows companies to pay lower wages to their American supervisors. NEIL MUNRO


WHAT WILL TRUMP AND HIS PARASITIC FAMILY DO FOR MONEY???
JUST ASK THE SAUDIS!



JOHN DEAN: Not so far. This has been right by the letter of the special counsel’s charter. He’s released the document. What I’m looking for is relief and understanding that there’s no witting or unwitting likelihood that the President is an agent of Russia. That’s when I’ll feel comfortable, and no evidence even hints at that. We don’t have that yet. We’re still in the process of unfolding the report to look at it. And its, as I say, if [Attornery General William Barr] honors his word, we’ll know more soon.
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“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan AMERICAN THINKER

ANN COULTER EXPOSES TRUMP’S “WALL” HOAX

In fact, Trump is steadily moving in the precise opposite direction of what he promised.

Illegal immigration is on track to hit the highest levels in more than a decade, and Trump has willfully decided to keep amnesty advocates Jared, Ivanka, Mick Mulvaney, Marc Short, and Mercedes Schlapp in the White House. For all his talk about immigration, did he ever consider hiring people who share his MAGA vision?
///
TRUMP’S CATCH AND RELEASE… all the “cheap” labor climbing our borders, jobs and welfare lines!
THE ENTIRE REASON TRUMP NOMINATED KIRSTJEN NIELSEN WAS BECAUSE OF HER LONG HISTORY OF ADVOCATING OPEN BORDERS TO KEEP WAGES DEPRESSED!

In newly confirmed federal data from the Immigration and Customs Enforcement (ICE) agency, Breitbart News has learned the massive scale and scope of DHS’s ramped up Catch and Release policy.

For months, DHS officials have said privately that the Catch and Release program has been taken to new heights, while ICE union officials declared this week that the program was in “overdrive” under the direction of DHS Secretary Kirstjen Nielsen.  JOHN BINDER
  
TRUMP AND THE MURDERING 9-11 MUSLIM SAUDIS…
Why is the Swamp Keeper and his family of parasites up their ar$es??


TRUMP’S TAX BILL:
A massive tax cut for his plundering Goldman Sachs infested administration.

TRUMP’S SECRET AMNESTY, WIDER OPEN BORDERS DOCTRINE TO KEEP WAGES DEPRESSED.

"During the same month that Schlafly had backed Trump for his “America First”

 

agenda, Nielsen’s committee released an ideologically-globalist report, promoting

 

the European migrant crisis as a win for big business who would profit greatly

 

from a never-ending stream of cheap, foreign migrants."

 

TRUMPERNOMICS FOR THE RICH…. and his parasitic family!
Report: Trump Says He Doesn't Care About the National Debt Because the Crisis Will Hit After He's Gone


 "Trump's alleged comment is maddening and disheartening,
but at least he's being straightforward about his indefensible
and self-serving neglect.  I'll leave you with this reminder of the scope of the problem, not that anyone in power is going to do a damn thing about it."

TRUMPERNOMICS:
THE RICH APPLAUD TWITTER’S TRUMP’S TAX CUTS FOR THE SUPER RICH!

"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."

 

TRUMPS INFORMS NARCOMEX:

THE PACT BETWEEN MEXICO AND TRUMP… NO WALL, NO REAL ENFORCEMENT.

 

http://mexicanoccupation.blogspot.com/2017/08/did-trump-promise-mexico-no-pardon-for.html

 

Swamp Keeper Trump prepares for the inevitable move to impeach him and ask for asylum in Scotland.
Fox News host Tucker Carlson said in an interview Thursday that President Donald Trump has succeeded as a conversation starter but has failed to keep his most important campaign promises.
“His chief promises were that he would build the wall, de-fund Planned Parenthood, and repeal Obamacare, and he hasn’t done any of those things,” Carlson told Urs Gehriger of the Swiss weekly Die Weltwoche.

TRUMP POSITIONS HIMSELF FOR IMPEACHMENT
MAY LEAVE THE COUNTRY FOR HIS GOLF COURSE IN SCOTLAND
*

“Truthfully, It Is Tough To Ignore Some Of The Gross Immoral Behavior By The President” WASHINGTON POST

*
“Mueller and the anti-Trump camp within the ruling elite know very well that the billionaire New York real estate and gambling speculator-turned president is mired in criminal activity, which is certain to be reflected in the material seized from Cohen. They have Trump by the throat, and Trump knows it.”
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“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ----Karen McQuillan AMERICAN THINKER
*

Former Trump lawyer Michael Cohen testified before the House Oversight Committee Wednesday that the “whole Trump family” was potentially comprised by a foreign power ahead of the 2016 presidential election.


SWAMP KEEPER TRUMP’S BIGGEST DEAL EVER:
Saving the 9-11 invading Saudis’ arses!
https://mexicanoccupation.blogspot.com/2018/11/mike-lee-swamp-keeper-trump-and-his.html
"I doubt that Trump understands -- or cares about -- what message he's sending. Wealthy Saudis, including members of the extended royal family, have been his patrons for years, buying his distressed properties when he needed money.
“The Wahhabis finance thousands of madrassahs throughout the world where young boys are brainwashed into becoming fanatical foot-soldiers for the petrodollar-flush Saudis and other emirs of the Persian Gulf.” AMIL IMANI

 I recommend that Ignatius read Raymond Ibrahim's outstanding book Sword and Scimitar, which contains accounts of dynastic succession in the Muslim monarchies of the Middle East, where standard operating procedure for a new monarch on the death of his father was to strangle all his brothers.  Yes, it's awful.  But it has been happening for a very long time.  And it's not going to change quickly, no matter how outraged we pretend to be. MONICA SHOWALTER

SWAMP KEEPER TRUMP’S SECRET SAUDI MISSION:
“You saved my a rse again and again… So, I’ll save yours like Bush and Obama did!
WHO IS FINANCING ALL THE TRUMP AND SON-IN-LAW’S REFINANCING SCAMS???
FOLLOW THE MONEY!
"I doubt that Trump understands -- or cares about -- what message he's sending. Wealthy Saudis, including members of the extended royal family, have been his patrons for years, buying his distressed properties when he needed money. In the early 1990s, a Saudi prince purchased Trump's flashy yacht so that the then-struggling businessman could come up with cash to stave off personal bankruptcy, and later, the prince bought a share of the Plaza Hotel, one of Trump's many business deals gone bad. Trump also sold an entire floor of his landmark Trump Tower condominium to the Saudi government in 2001."
“The Wahhabis finance thousands of madrassahs throughout the world where young boys are brainwashed into becoming fanatical foot-soldiers for the petrodollar-flush Saudis and other emirs of the Persian Gulf.” AMIL IMANI
  I recommend that Ignatius read Raymond Ibrahim's outstanding book Sword and Scimitar, which contains accounts of dynastic succession in the Muslim monarchies of the Middle East, where standard operating procedure for a new monarch on the death of his father was to strangle all his brothers.  Yes, it's awful.  But it has been happening for a very long time.  And it's not going to change quickly, no matter how outraged we pretend to be. MONICA SHOWALTER

Buttigieg Pushes Wealth Tax: ‘People in This Country Are Not Paying Their Fair Share’

 

https://www.breitbart.com/clips/2019/04/01/buttigieg-pushes-wealth-tax-people-in-this-country-are-not-paying-their-fair-share/

 

Buttigieg Pushes Wealth Tax: ‘People in This Country Are Not Paying Their Fair Share’
PAM KEY
1 Apr 201977
2:27
Monday on MSNBC’s “The Last Word,” 2020 Democratic presidential hopeful Mayor Pete Buttigieg supported the idea of a wealth tax, arguing that “some people” were not paying their”fair share.”
When asked if he would repeal the Trump tax cuts, Buttigieg said, “Yes, at least the tax cuts on the wealthiest because that has blown a huge hole in the treasury that my generation is going to be forced to pay. We’re going to have to pay for it probably in the form of reduced services if we don’t come up with revenue. There’s no need for some of these giveaways to the wealthiest people in the country. But we also need to rethink the way that our revenue is structured right now. That’s why I think at least three ideas that have been floating out there among many people in the 2020 conversation deserve to be part of a portfolio of revenue for the future. That would include a wealth tax, some reasonable percentage on those who are sitting on the largest amounts of wealth in this country. It would mean a financial transactions tax to deal with the fact that people are, in some cases, making preposterous sums of money off of millisecond transactions that don’t seem to contribute very much to the real economy. If they do, fine, but that needs to be shared with the country so that we can have a more robust infrastructure and education and national security and all of the things that make the accumulation of that kind of wealth possible. And we also need to reconsider the taxes for the income brackets that are making the most.”
He continued, “You know, over the last probably 40 years, Democratic and Republican politicians have accepted what you might call the Reagan consensus, this idea that the only thing you would ever consider doing to taxes is to cut them. And the only argument’s over whose taxes to cut. Obviously, we want to keep taxes low and reasonable, especially for working people struggling to get by and members of the middle class, but we also know that some people in this country are not paying their fair share. And whether it’s individual taxes like some of what I’ve been talking about or making sure we use some kind of instrument, like perhaps sales apportionment, to get a better share of U.S. corporate taxes now being hidden offshore or not appropriately taxed when it comes to global business, we could be doing a lot better to fill the treasury before it has to hit the working and middle class.”

 

How Pete Buttigieg Could Hurt Trump in the Rust Belt

https://townhall.com/columnists/salenazito/2019/04/09/how-pete-buttigieg-could-hurt-trump-in-the-rust-belt-n2544459


Salena Zito

Source: Greg Swiercz/South Bend Tribune via AP
  
Pete Buttigieg is many things.
At just 37, he is the mayor of South Bend, Indiana. He is a military veteran and a deeply religious gay man who is married but also enjoys sandwiches from (anti-same-sex marriage) Chick-fil-A. He is a Harvard-educated Rhodes scholar who speaks eight languages. He is the first ever millennial candidate for president and, so far, the only Democratic hopeful to appear on the "Fox News Sunday" show.
"I'm all of those things," said Buttigieg -- pronounced "Boot-edge-edge" -- in an interview with the New York Post. "I try not to have any kind of attribute ... be totally defining," he added.
Critics say these attributes are the very reasons why he can't beat Donald Trump. His supporters say they are the very reasons he can.
Mayor Pete, as he likes to be called, strikes a tone that is kinder and less combative than the insult-driven politics of Trump and the Democratic Party's far-left members. His boyish good looks, intelligence and military background are undoubtedly appealing, as is his faith.
"Scripture tells us to look after the least among us, that it also counsels humility and teaches us about what's bigger than ourselves," said Buttigieg, a devout Episcopalian. "It points the way toward an inclusive and unselfish politics that I strive to practice, whether I'm talking about my faith on the stump or not."
Mayor Pete's politics are already gaining traction. Since launching his exploratory committee to run for president on Jan. 23, he has already raised $7 million for his campaign. A recent Quinnipiac poll found that 4 percent of Democrats would vote for him -- the same number that supports Elizabeth Warren, who has been a U.S. senator for six years.
The fact that he was born and bred in the American Rust Belt is possibly his biggest asset.
"Our party can and should do better in the industrial Midwest," Buttigieg said. "I'm convinced that so many people in this part of the country are already with us, much more than with the other party on issues, on substance, on policy."
He said his experience in his hometown of South Bend proves there are solutions that work besides a "promise to turn back the clock."
When Buttigieg was first elected to office in South Bend in 2011, the city was on its knees. Job growth was nonexistent, and like many Rust Belt cities with declining industry, it had been hemorrhaging jobs since the '70s.
First, he improved the cosmetics of the town by demolishing more than 1,000 abandoned homes, and then he focused on revitalizing it by attracting hundreds of millions in private investment for commercial development.
You won't find Buttigieg ridiculing fellow Midwestern voters or taking them for granted, the way Hillary Clinton's campaign did in 2015. After the University of Notre Dame, based in South Bend, invited her to attend their prestigious St. Patrick's Day event, her campaign declined, telling organizers that "white Catholics were not the audience she needed to spend time reaching out to," as The New York Times wrote.
Trump would go on to win those white Catholic votes in 2016 -- 52 percent of them, according to Pew's exit polls, reversing the gains Democrats made when Barack Obama earned their votes in 2008 and 2012.
Even so, Buttigieg's religious beliefs haven't prevented him from taking progressive positions on major issues.
He supports abortions into the third trimester out of a belief in "freedom from government," he said. And he won't rule out tax hikes. "If the only way I can get all of us paid parental leave, universal health care, dramatically improved child care, better education, good infrastructure and, therefore, longer life expectancy and a healthier economy is to raise revenue, then we should be honest about that," he said.
And although natural gas leads to good, solid jobs in the Rust Belt, he is a big booster of wind and solar power. "I think the goal still has to be focused on renewables," he said.
But just because Buttigieg has a progressive platform doesn't mean he'll get an easy ride from far-left Democrats. Last month, the woke crowd at Slate questioned the young mayor's credentials with a since-changed headline that read "Is Pete Buttigieg just another white male candidate, or does his gayness count as diversity?"
And just because Buttigieg is from the Rust Belt doesn't mean he can win a general election in places like Ohio, Michigan, Wisconsin and Pennsylvania, especially when you compare his platform to Trump's.
"He has to share their values on bread-and-butter issues like lower taxes, regulations and religious liberty," warned Dr. G. Terry Madonna, director of the Center for Politics and Public Affairs at Franklin & Marshall College. If he doesn't, "it would be very difficult for him to win."
But Jeff Rea, a former Republican mayor from another Indiana town and current president of the South Bend chamber of commerce, said nobody should count out Mayor Pete. He and Buttigieg have been on opposite sides on a number of projects but have "always found a way to come together for a solution."
Buttigieg "is a very data-driven guy and also a very good man," Rea added. "That has helped him win over voters who might not like progressive politics."
No mayor in history has ever run and won his or her party's nomination for president, nor has anyone under the age of 43. Then again, no businessman had ever done it until Trump came along.
Michael Wear, the faith adviser to Obama, told me he thinks Mayor Pete has a chance.
"Things change," Wear said. "And, in America, anything can happen."

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