This video from the USA says about itself:
Trump‘s ‘Crímínal Alíen’ Hotline Trolled With UFO Calls
30 April 2017
So, instead of the information on ‘illegal’ Mexicans, South Americans, Muslims etc. that Trump wanted, he gets calls on fictional ‘criminals’ from planet Mars, planet Plutarch, etc.
This weekend Trump will be staying at his private golf course in Bedminster, New Jersey — and when he gets there, he will have a surprise waiting for him.
UltraViolet Education Fund is sending truck billboards to drive around Bedminster to show Trump that the issues we care about do better in public polling than his approval rating. Just take abortion access: 70% believe that women should have access to safe, legal abortion, but only 42% approve of Trump.
We’re also targeting Trump’s golf course with digital ads to make sure we get our message across no matter what. Trump needs to know that the majority of people in this country do not support him or his destructive agenda.
Will you help us troll Trump this weekend and throughout the summer while he’s at his golf course in New Jersey? Chip in $3 to UltraViolet PAC today.
It’s no secret that Trump cares a lot about what people think of him. So by pointing out that issues like abortion access are more popular than he is, we can help put things in perspective by educating the public and getting under Trump’s skin.
UltraViolet Education Fund is doubling down on this effort with billboards and ads placed right where Trump is sure to see them. And with your support, we can send him a message he can’t ignore.
Make a $3 contribution to UltraViolet PAC today.
Thank you for stepping up.
— Nita, Shaunna, Kat, Karin, Adam, Holly, Kathy, Onyi, Susan, Anathea, Audine, Shannon, Emma, PaKou, Pilar, Natalie, Melody, and Pam, the UltraViolet PAC team
Wednesday 3rd April 2017
posted by Morning Star in Features
Beyond a shadow of a doubt, Trump’s new tax plans reveal his administration is now a kleptocracy, argues LARRY RUBIN
LAST Wednesday, Donald Trump issued an outline of his dream tax system, demonstrating beyond a shadow of a doubt that the Trump administration is a kleptocracy. First and foremost, the plan benefits himself and his family.
Trump said the purpose of the plan is to create jobs, but tax cuts for the rich never have.
He called his proposal a tax reform plan. It’s not. It’s a scam to give trillions of dollars away to millionaires and billionaires.
For example, the plan calls for repealing of the alternative minimum tax (AMT), which was enacted to make sure the rich pay their fair share.
According to Frank Chaparro, writing in Business Insider, in 1966 “the Department of the Treasury found that about 150 [super-wealthy] people legally paid zero federal income tax … by claiming deductions and not including certain kinds of income.”
There was massive public outrage. As a result, Chaparro writes, Congress enacted the “minimum tax,” and then the AMT.
The AMT is a parallel code through which the federal government calculates a flat minimum tax rate for wealthy Americans even if they could get away with paying zero or very little taxes in the regular system.
Business Insider’s Jim Edwards reports that the AMT “accounted for most of the $38.5 million in taxes” Trump paid in 2005.
Repealing the AMT is sure to help Trump’s bottom line, but it would cost the federal government $412.8 billion, according to the Tax Policy Center.
Trump’s plan does not include a workable proposal for filling that gap. In fact, it offers no workable proposal for preventing the US economy from collapsing due to the trillions it will lose if all of his tax cuts are adopted.
The other major proposal in Trump’s plan is to cut the tax rate for corporations and “pass-through” businesses from 35 per cent to 15 per cent.
Drew Harwell and Jonathan O’Connell explain in the Washington Post that “pass-through businesses do not pay corporate taxes. Instead, their income passes through to the owner’s personal income taxes, skipping the corporate tax rate altogether.
“That income is then taxed at the owner’s income tax rate, which now is capped at 39.6 per cent. Trump’s proposed drop would essentially cut pass-through business owners’ top tax rate from 39.6 per cent to 15 per cent.”
Harwell and O’Connell continue: “That could prove to be a windfall for the Trump Organisation, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses.”
The Trump Organisation itself is a pass-through business. Moreover, they say: “The pass-through rate cut proposal could also benefit Jared Kushner, Trump’s son-in-law and a White House senior adviser. In financial disclosure forms, Kushner reported owning a stake in nearly 300 different assets or companies collectively worth hundreds of millions of dollars — most of which he still owns. Hundreds of those companies classify as pass-through businesses.”
Harwell and O’Connell add that the loss in revenue due to cutting taxes for pass throughs would “cost government budgets an estimated $1.5 trillion over the next decade, according to the Tax Policy Centre.”
Trump says he wants to reduce the US corporate tax rate so that US corporations can better compete with foreign firms that pay less taxes. This is, to put it politely, a bunch of hooey.
According to the New York Times, a 2014 survey by the Government Accountability Office found that profitable US firms were paying, on average, less than half the statutory 35 per cent rate.
The Times says: “Contrary to the often made claim that the US corporate tax rate is uncompetitively high, that effective rate is below that of most of our international competitors.”
In unveiling Trump’s tax proposal, his Treasury Secretary Steve Munchin said: “What this is about is creating jobs and creating economic growth.”
However, Douglas Holtz-Eakin, president of the American Action Forum and former director of the Congressional Budget Office from 2003 to 2005, wrote in the Washington Post that “proposing trillions of dollars in tax cuts and then casually asserting that such a plan would ‘pay for itself with growth,’ is detached from empirical reality.”
In fact, trickle down economics — giving the wealthy tax breaks so that working people will benefit through job creation — has been proven over and over again not to work.
Corporations rarely use the money they save because of tax breaks for new capital investments that produce jobs. They use the money in ways that yield more money with the least outlay.
That’s what will happen if the Trump tax cuts are adopted. Jon Schwarz writes in the Intercept that “corporate executives are telling Wall Street analysts what they’ll actually use [the tax cut] money for: enriching their shareholders and buying other companies.”
Schwartz continues: “The Intercept’s examination of dozens of earnings calls and investor conference talks since Trump won the presidential election finds that many executives are telling analysts at large banks that they are eager to take the money to increase dividends and stock buybacks as well as snap up competitors.
“They demonstrate considerably less, if any, enthusiasm for going on a domestic hiring spree.”
This is nothing new. As Max Ehrenfreund reports in the Washington Post, “in the experience of two other Republican presidents, Ronald Reagan and George W Bush, […] reductions in taxes were unable to pay for themselves, instead leaving the nation to deal with increasing federal debt.
“After his 1981 tax cut, Reagan was forced to raise taxes several times. And Bush’s tax cuts put the nation on vulnerable fiscal footing, depriving the government of revenue,” and contributing to the 2008 global financial crash.
Even though over the years Trump himself has seen that tax cuts for the rich hurt the nation’s economy, he is proposing yet another tax cut scheme.
He knows that regardless of how much it fails to improve the economic life of the nation, it can’t help but succeed in improving the economic life of the Trump family.
Trump’s proposal fits the dictionary definition of “scam.”
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