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USA: Sen. Angus King – “My statement on the Senate’s passage of the tax bill” (01.12.2017)

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Opinion: The Tax Bill Passed in the Senate, shows the world who is important for the GOP!

The Republican Party and their representatives and Senators have now shown their loyalty to the donors like Koch and corporations who are supporting their campaigns. The Campaign funding and party is the reason for all of this. That the Corporate America get a say in Congress and pay-off their debt to the donors. This sort of activity shows that the voters and citizens now is second fiddle. The most important piece of legislation is that it grows the deficit, that the Democratic Party and Barrack Obama had to be wise about. While the Republicans themselves can risk the economy, because the legislation benefits their donors. While the citizens will pay more tax with time.

The CBO themselves said this mid-November about the Tax Cut and Jobs Act: “The staff of the Joint Committee on Taxation determined that provisions in the Chairman’s Mark would increase deficits over the 2018-2027 period by $1.5 trillion (not including any macroeconomic effects). By CBO’s estimate, additional debt service would boost the 10-year increase in deficits to $1.7 trillion. As a result of those higher deficits, debt held by the public would increase from the 91.2 percent of gross domestic product in CBO’s June 2017 baseline to 97.3 percent” (CBO, 13.11.2017).

So the representatives and senators who voted for this yesterday are not only giving the corporation a giant tax-break and making for changes that are for the benefit of the wealthy. But at the same time the estimates are that they are breaking the state reserves and the gross domestic product. They are making the state bankrupt for the benefit of the wealthy. While they are cutting needed services and adding taxes on the middle-class and the poor. Draconian law if there ever was one. This is the opposite of Robin Hood. This is midieval and bourgeois of them. The Republican Party have no given all freedoms and liberties to the top 1 percent of the population. While the rest have to stagger themselves and with time pay more and more for basic needs. The only Republican Senator who voted against was Robert Phillips Corker of Tennessee. The rest was democrats who voted against it too!

Here is later in the month estimate by CBO, which is also damning to the results of this legislation:

According to JCT’s estimates, the largest revenue reductions would result from the provision that would modify income tax rates and brackets: Revenues would fall by $1,165 billion and outlays for refundable tax credits would increase by $9 billion over the 2018-2027 period. The increase in the standard deduction would reduce revenues by $654 billion and increase outlays for refundable tax credits by $83 billion over the same period, JCT estimates. Repealing the individual AMT would reduce revenues by $769 billion from 2018 to 2027” (…) “Repealing the Individual Mandate. The bill’s most significant effects on outlays would occur as a result of the elimination, beginning in 2019, of the penalties associated with the individual mandate” (…) “The number of people with health insurance would decrease by 4 million in 2019 and 13 million in 2027” (CBO, 2017).

So while the Federal Reserves are getting less taxes in, the same state also repeals parts of Medicaid and ObamaCare offerings to the impoverished part of the population. Therefore, this tax-bill is also hurting the public who needs substantial coverage and also medical support to able to afford healthcare. This bill is really showing the riches eating more and paying less to big-society, while the poor will suffer even more. Because the Republican Party only has the interest of their donors and their corporations who are lobbying and paying their campaigns. That is now evident with this votes and this legislation. As they have kept the whole piece in the dark and amended in the last minute. Even rewriting directly on the legislation with handwriting. Not having time to check the consequences or having reports on the possible deficits or even damage it does to the citizens.

That the Republicans are doing this with majority in the House and Senate. Shows who they obey, who they trust and who they serve. The Republicans don’t serve the public, they serve the donors and the corporations. They don’t represent the people best interests, but the Multi-National and Big-Business. They are corporate stooges who are making sure the ones who are donating to them are getting some well deserved tax-breaks later. The deficits and the loss of tax revenue combined with the added taxes later on the public. Doesn’t seem to mind the Republican representatives and senators. They are just following orders of the ones who are paying for their PACs and their SUPER PACs. They are just listening and following the guidelines given by the corporations donating to them.

Its hard not to see it differently, since this isn’t to make the American republic any better. This legislation doesn’t make any other sense. Than the Corporations are walking inside the State Reserves and getting their money back. Instead of paying something for their rights to do business in the United States. Soon the people are paying the corporations not only for their services, but also for their benefits of actually doing business there. They are getting both by the hook and by the crook. This is not a good look. It is a billionaires dream and not for the working-class, neither the lower middle-class. They are put into the shadow and used as pawns by the Republican party.

This bill is Koch Industry and Koch supported in many ways, but also other conservative donors wet-dream. They are so having a hard-on by this bill. Because of this mess, they are ready to nasty and nitty-gritty with the public. Finally they are having their pay-day and their pay-off for years of supporting and donating funds to these politicians. The Senate and House is now bought off and their ethical backbone isn’t there. These Senators and these Representatives aren’t free-thinking individuals, but they are only a useful tool for the corporations and lobbyist to get their will.

In the same effect written by Public Citizen recently:

““The alliance between the Kochs and the Trump administration on the Republican tax bill has become so strong that lines between Koch brothers and Trump administration efforts have blurred. That was the case in July, when Treasury Secretary Steven Mnuchin held a panel discussion on tax issues with Americans for Prosperity President Tim Phillips and the White House’s Marc Short. At this event and others, the Koch groups claimed that their desire was to “unrig the economy” by enacting tax cuts for giant corporations” (Public Citizen, P: 14, 2017). “The presence of so many Koch-affiliated political operatives in the Trump administration underscores how Trump has betrayed his supporters and contradicted his pledges to stand up for forgotten Americans against powerful interests. In an administration that lacks a clear policy agenda or expertise, Koch aides have been happy to fill the void with specific ideas to enrich corporate interests and harm the public as a whole. This agenda betrays the central idea of Trump’s campaign: that an outsider was needed to stand up for the little guy against the powerful” (Public Citizen, P: 34, 2017).

With this knowledge and going back in time, just a few months, you can see that the one of the biggest donors has been swaying the White House to change tax-policy in their favor. The irony is that all of this is betraying his promises. But all of the representatives and senators are following suit. Yesterday, is a proof of the control the donors and corporations have over the political elite within the Republican Party. They might have the same over the Democrats, but they didn’t vote this legislation in, the Republicans did!

It is their legacy and their decisions are now making sure the republic and the state will suffer. So that the state can give tax-breaks and tax-relief to the wealthy and businesses over the citizens. If you don’t believe it. Check the numbers, check the public oversight of who pays the PACs and SUPER PACs. Check who pays for campaigns and then check who gets less taxes from 1st January 2018. That is easily quid-pro-quo. Nothing else, this isn’t a masterpiece, this is vomit and disgusting misuse of power and authority for the interests of the rich. They not shielding the weak and poor, but securing their demise. Peace.

Reference:

CBO – ‘ Reconciliation Recommendations of the Senate Committee on Finance – As ordered reported by the Senate Committee on Finance on November 16, 2017’ (26.11.2017) link: https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/reconciliationrecommendationssfc.pdf

Public Citizen – ‘The Koch Government – HOW THE KOCH BROTHERS’ AGENDA HAS INFILTRATED THE TRUMP ADMINISTRATION’ (30.11.2017)

US: Whistleblower Joel Clement, an executive with the Department of Interior, resigned Oct. 4. (04.10.2017)

U.S. Representative Ted Lieu draft bill: “Swamp Flyers Act” (28.09.2017)

The Republican’s plan of fixing the tax-code is by bailing out corporations and the wealthy!

Just like the leaflet dropped in April 2017 as a serious Tax Plan, which was one-page long. Clearly, the people in charge of the economy and financial state of the United States. Are more preoccupied with taking private jets and eating while in office than actually working. I can question that after months after the leaflet, there was a tiny amendment on the newly proposed tax-plan. Since it is just small expanded text. Now instead of one single page, its gone up to 9 pages. Not like a handbook into the codes, neither economic implications of the taxes. Like which groups gets benefits, who will pay more and what sort of “damage” will the tax-cuts made by Republican Party do.

This released Tax plan: “Unified Framework for Fixing Our Broken Tax Code”, that was released today. You should expect better work, especially from former businessmen and bankers who are running the Commerce Secretary Wilbur Ross and Treasury Secretary Steve Mnuchin. Both of them has been bankers, but they still has no stats or proof of how these tax codes really affects society. It’s like selling house on only the paperwork and have no official showing of the house. When you get there it either be just a big lie or it be a shiny palace.

That the United States Government and Republican Party are delivering this sort ploy to trigger their wishes is insane. What is striking is words like these: “An additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive as the existing tax code and does not shift the tax burden from high-income to lower- and middle-income taxpayers” (Republican Tax, 2017). This is like saying we will take away and make it simpler for the highest earners to pay less, while this will not burden the ones who earn less than us. So that the progressive though is that the highest earner will get a tax-cut and we promise it will not bother anyone.

But the framework are really showing its love for corporation and giving them tax-holidays from the last quarter of 2017: “The framework allows businesses to immediately write off (or “expense”) the cost of new investments in depreciable assets other than structures made after September 27, 2017, for at least five years. This policy represents an unprecedented level of expensing with respect to the duration and scope of eligible assets. The committees may continue to work to enhance unprecedented expensing for business investments, especially to provide relief for small businesses” (Republican Tax, 2017). So they can easily just tap lots of investments without showing them to the Internal Revenue Service, this means the investments would be easily invested and written-off, without considering the tax-record in general. This will be quickly profitable for big corporations and real-estate businesses. Who can easily invest and get profits within months. As they sell in the next year, as they are investing in 2017 and writing it off. While in 2018 selling it. Then they didn’t need to pay the tax for the investment done in 2017. This is double profit for the bigger businesses. It’s a match made in heaven for the multi-national corporations in the United States. The state will earn less and just make sure the investment will be even more short-term and be more buy-in and takeovers. Since they can earn lot’s on the investments, before dropping it or selling it the next year after writing it off.

The framework limits the maximum tax rate applied to the business income of small and family owned businesses conducted as sole proprietorships, partnerships and S corporations to 25%. The framework contemplates that the committees will adopt measures to prevent the recharacterization of personal income into business income to prevent wealthy individuals from avoiding the top personal tax rate” (Republican Party, 2017). Again, the proposed Tax is made to secure the wealthy, so they will get tax-cuts, this is not for the betterment of the state. It is to secure the wealthy and make sure their tax-rate is cut. Clearly, the treasury and commerce secretary are trying to help their friends and family on Wall Street and in the big business with a fancy tale of tax codes and cuts.

If you thought President Trump cared about Middle-America or even about the Working-Class, they we’re needed props and needed ballots for the election. But now that he got you in his pockets. He can get a payday, cut his taxes and make sure his friend on Wall Street gets their payday too! Peace.

Reference:

Republican Tax Plan – ‘UNIFIED FRAMEWORK FOR FIXING OUR BROKEN TAX CODE’ (September 2017)

USA: Durbin Calls On Illinois to Refuse Request to Release Illinois Voter Files To Trump Commisson on Voter Fraud (03.07.2017)

USA: Attorney General Frosh Statement on Request for Personal Information of Maryland Voters (03.07.2017)

The new Financial Disclosure Form of 14th June 2017 – Doesn’t reveal anything about Donald Trump, because it isn’t verified value his supposed wealth!

Just as again this week there has been a new release of Financial Disclosure Form for President Donald J. Trump, still this is just estimates of his value, not the real-deal. That would be in a IRS Tax Returns. It is a reason why don’t surface, because the Financial Disclosure Form of 14th June 2017, is another bragging document and possible values of estates and businesses. But is not saying the real value, because how it is taxed is the real value.

Because all of the estate and values are from a possible value into a skyrocketed one, while the profits of it might be meager or decent. Therefore, a new released Financial Disclosure Form isn’t saying anything new. Other than President Trump is a coward, a little whiny bitch who cannot be transparent. Who doesn’t have the capacity or is so afraid of how he really has earned his money, that he knows it is damaging for him.

If he wasn’t afraid, if he wasn’t whiny, but was an honest businessman, we would have seen the IRS Tax-Returns in 2015 or even in 2016, but he doesn’t have the character. Even Hillary Clinton and her combined foundation with Bill Clinton, the Clinton Foundation had now troubles being open to society and disclose their earnings and profits. But Trump cannot do that because he is crooked and not honest.

I see no difference with this and what was delivered as his status as running Presidential Candidate, the ones that believes this paper is blind and has no vision. Since the various differences of value estimates are bananas. An estate cannot be either worth a million or ten million. It either is fixed to cost 1 million or cost 10 millions. Unless, the estate manager suck so much at his job that he cannot find people to give a just price for the prospect and the land it is on. So it seems like President Trump want to bloat his ego and try again to prove his wealth. That wouldn’t be surprising.

Like Trump Marks Istanbul II LLC a license deal with Ortadogu Otomotive Ticaret AS, the income amount in the paper says between $ 1,000,000 to $ 5,000,000. Because that is 4,000,000 difference of earning possibly, this is one company and it is amazing how much royalty difference and profits from this Turkish company or whatever it is. Since the Trump Organization and President Trump isn’t sincere. Since they would be straight forward with a set amount to the Internal Revenue Authority (IRS), since they don’t want to pay to much cents on the dollars of their profits. That is if they are really trying to earn monies on this company alone.

While the new Hotel in Washington D.C. the Trump Old Post Office has no difference in earnings and profits. It has a total income of $ 19,666,129 and value which is over $ 50,000,000. This means that still the agreed rent of the hotel and the total value of the property isn’t assessed, but since it has long-term rental facility, the Trump Organization doesn’t mind, secondly since it is important placed hotel they have to straight forward on the profits.

So when you have these sort of things, it is hard to believe as the steady lies and deception from the President. Someone like me, will only believe the IRS Tax Returns that isn’t being disclosed. Therefore, I cannot trust this man and his business practices, since his ways is not sincere and honest. Just like his misuse of students at Trump University and also the use of polish workers for building his Trump Tower. He has never had the ability to be truthful or use just behavior in his business practices. Peace.

Opinion: Trump’s proposed Tax Reform is made for the wealthy and no-one else!

It is hard to take the “2017 Tax Reform for Economic Growth and American Jobs” that was released on 26th April 2017, a one page leaflet of wishes. This is shorter than most of the restaurant and they usually doesn’t have that many dishes to serve their clientele. Still, the Trump Administration and their “Treasury Secretary Steve Mnushin set out a test for tax reform that, “there will be no absolute tax cut for the upper class.” (Richard E. Neal – ‘President Trump’s Tax Proposal Another Broken Promise to the Middle Class’ – 26.04.2017). Still, with the first prospect of the wish-list of the Trump Administration is to give the rich less taxes.

An on a one-page wish-list you don’t really have the space or the care for describing the results, I look forward to read the CBO report on the proposed tax cuts. Since this should have some sort of implications, not only let the Manhattan elite afford yet another cabin in the Aspen or trip to Formula One in Monaco. They are speaking of easing the tax-codes and provide tax-relief for American families, without giving any specific detail into what that might be. I am sure the tickets of travel and the indispensable Secret Service guards to the golfing-weekends at the Mar-A-Lago in Florida has more explained reports, than these quick promises to the American families.

They are putting new brackets for the American families, also doubling deductions from the taxes and promise relief, without saying what this means, or if the families really get any serious cuts. While the Business get a shaved business tax rate from 35% to 15 %. One time tax on the Business Ownership abroad, to make sure the funds comes back into the United States. Last is to eliminate the tax breaks for special interest. So the last one, is to significantly add some tax back in the Internal Revenue Service.

So the little plan they have is to either cut and reform it minimally, while giving tax breaks to bigger corporations and the wealthy. The ones who already have the money and earns the profits, get to pay less, while the ones who needs or could have need of serious reform doesn’t get it. The ones earning on this wish-list is the Wall Street connected individuals, the Multi-National Corporations and the Limited Liability Companies (LLC). This sort of tax reform is made for the richest, not for the working class or the average voters who voted for the current President.

This is just another proof, that the President Trump isn’t there to drain the swamp or even trying to stop the major corporate takeover of Washington D.C. and the Capitol Hill. He is more of the same, just infused with less coded language and straight-face doubling down on the foreplay for the business executives. There isn’t anything in the works that proves that President Trump want to care about environment or health of his population over the profits of Goldman Sachs, Merrill-Lynch or any other significant private sector business operative like Exxon-Mobile. All of them will get the blessings and their days in the sunshine. As long as their Manchurian Candidate Trump are in office.

There aren’t anything that proves otherwise, his Executive Orders has been for easement of the businesses, not for the well-being of the population nor environment. The lacking care of the citizens and only caring for corporate citizens will clearly alter the pledges and promises. Certainly, the ones who voted for him should feel betrayed. The corporate greed in the United States is endless, as all the lobbyists, the paid senators, paid representatives and other legislators in Washington D.C. follows their donors more than the public. Just look at Ted Cruz record of praising the Mercer family and their values. Than you get a prime time example and all of the Republicans working for the Koch Brothers will.

The same is now happening from the oval office, with no restraint or any care of the consequence, if they fail or bitterly accept the truth. Doubt it, as they will double down and say it is for the common core, while the true tax cuts is for big-business and multi-national corporations who will have a surge of profits. The supposed trickling down theory will be put into play, while more of the monies will go into the pockets of the wealthy and the difference between the richest and poorest will grow even more. The lack of care from the state combined with the massive wealth, will really also destroy the society and make the ones left behind even feel more vulnerable, but that is not a concern the Trump Administration has. They only care for the billionaires and millionaires, not the ones living on food-stamps or on government subsidizes, as this government would easily have axed all of that.

I look forward to see the estimates from a real tax-plan from the Trump Administration, one with the implication and proposed reaction to the taxes and cuts. If the Trump Administration after these sort of cuts ever compare themselves to previous administrations and their cuts. They should be careful, as this will spike the deficit and the borrowing will grow enormously, into amounts that make the Democratic government look careful and fiscal sound. But it is only the Republican Presidents and Governments who is allowed to act as drunk dogs and then complain when the democrats doesn’t serve them at the last call. Certainly, this is the prospect of this sort of acts. This will not be for the American families, neither for the middle-class, this tax cuts are for the business owners and the wealthy who pockets dozens of millions on this without any consideration on fiscal funding of the budget, nor the expenses running the current government. But hey, Trump wants to downgrade the American economy and also weaken the dollar, so this might be one of the many ways he tries to do it. Kudos! Peace.

Opinion: Eric Trump are right, under the Trump Administration, the US is becoming a “Third World State”!

It’s really sad that we’re in an environment where tax returns are leaked by whoever it may be” (…) “Just think about it. Think about how dangerous that is, how third world that is on a practice that happened. When personal information is put out by people for political agendas. As a civilian, it’s actually scaryEric Trump on Fox News (Tani, 2017).

It is just one of these days where the sons of President Donald Trump speaks their mind and hits the nail. The nail is in the coffin, with the knowledge of the plans to make the republic less attractive, less business-friendly, more lassiez-faire and more focused on army than on progressive financial instruments and regulation to create growth. Trump Administration is busy with deporting millions, building a wall and starting trade-wars. The U.S. Government does not need to be transparent or accountable while doing so. Especially, not in the minds of one of his sons. That claims something unique and special. I have claimed in the near past that under President Trump, the U.S. Government could turn the Republic into a Banana Republic, a sort of style government that could be described by others as a third world one. Therefore, let the dictionary explain that!

Eric Trump needs a definition of the Third World:

1: a group of nations especially in Africa and Asia not aligned with either the Communist or the non-Communist blocs” (…) “2: an aggregate of minority groups within a larger predominant culture” (…) “3: the aggregate of the underdeveloped nations of the world” (Merriam-Webster).

So the United States can itself soon be fitted, not that it is an Asian or African nation, neither Communist, but still it is getting underdeveloped by the way the financial framework and industry is set-up under the Trump Administration. Where the Industry and Financial industry has the Administration by the balls and no eager of taking care of nature or the resources, except for eating the profits without giving anything back to the Republic. Just like the Oil Industry in Nigeria or in Ghana. The same as the mining and mineral industry in the Democratic Republic of Congo. So the United States under President Trump, will be similar. Eric Trump is not so far off, just not the way he thought he would be.

Another man’s vision:

This brings about complete dysfunction. It makes everything — economy, politics, roads, bridges, police, school — broken and shitty. Those who can leave do. Making it worse. This leads to more extremism, and more corruption, and more cynicism. And sometimes extreme violence. Because the other side becomes evil” (…) “The US has been shifting towards all four of these over the last 30 years, with inequality leading the way. We are more divided, economically and socially, then we have ever been (we are less divided racially. But only marginally so.)” (Arnade, 2016).

So when you have a system on the brink of collapse, a wealthy elite eating of the government plate and settling score to not pay their bills to the public, while the citizens and middle-class cannot build a steady life or afforded needed services, you know there are something wrong with the system and the state. That makes the Eric Trump words so right, that United States is becoming more like a third world country, with a sophisticated army, but cannot afford health care, schools or infrastructure. Just like the countries President Trump doesn’t want to affiliate with or been seen with. Since him and his advisor Bannon are supposed to be superior, and like a dictator in a Third World country, he believes he is always right and isn’t wrong.

So one smudge of evidence of his fathers Tax Returns from 2005 leaked to MSNBC Rachel Maddow, proves the realization of the state, that the Trump Administration would dislike. As they are not capping the debt, neither taking into account their ideas of taxation and tax-releases, as much as their will to deregularte industry and financial institutions. Therefore, leading the space of more expenses and negative environmental policies, that damage earth and only gains profit for a slim elite. Just like a Third World Country.

This is degrading for the United States, but the harsh truth, the ideas and policies in the making, the killing of health insurance, the idea of building the giant nuclear silos, while not paying for food for the starving. Proves that the U.S. Government are no closer to countries it does not want to be affiliated with, but still can be consider to be assimilated with. President Trump and his administration is clearly not wishing to be differing from chauvinistically taking charge and not caring what effect it has. Clearly, it is only his image that matter, just like any big-man and authoritarian leader.

So, soon we can say that the United States is underdeveloped and need aid, as their waters are daft, the industry is lacking technology, the roads are more potholes than tarmac, the bridges are weak, their railways not working and often not trusted. The United States has soon more expensive foreign imported goods, than what they produce and is losing money on their export of cash crops as soya and other grain. Therefore, President Trump leading his Republic to become underdeveloped or become a Third World Country.

Reference:

Arnade, Chris – ‘USA: A Third World Country in the making’ (05.10.2016) link: https://medium.com/@Chris_arnade/usa-a-third-world-county-in-the-making-14064ea5c534#.ah2gi0loi

Tani, Maxwell – ‘Eric Trump blasts Trump’s tax return leak on Maddow: ‘Think about how dangerous…how third world that is’ (19.03.2017) link: http://nordic.businessinsider.com/eric-trump-tax-return-leak-maddow-third-world-2017-3?

Merriam-Webster – ‘third world’ link: https://www.merriam-webster.com/dictionary/third%20world

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