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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)

The historical call between Kissinger and Marder: Shows how the NSA became a WaPo source!

In December 12, 1972 there was a unique phone call between Journalist Murray Marder at the Washington Post and the then National Security Advisor Henry Kissinger under President Richard Nixon. Here we can see allegations from the Washington Post and the Nixon Government warfare in Vietnam. How it is explained and how the sudden approach of Marder get the truth and also get Kissinger to explain the situation, instead of getting angry and stop listening to press. Something, today’s government should learn, since this is not stopping the spin, but explaining the facts. Also, come forward. We are even seeing that Kissinger went to become “government source”, instead of being named in paper. Just take a look!

Let me show you pieces of the conservation between Marder and Kissinger to give some context:

Kissinger: Yes, Murray.

Marder: Henry —-

Kissinger: Not that goddamn paper deserves a return call

Marder: Ah, you mean the editorial or me or what?

Kissinger: The Editorial. No you’ve been 80 % rational. But for a newspaper that’s accusing us of not showing enough goodwill; now to accuse us of naivety is almost more than one’s morality can stand. But go ahead, you’re not responsible for the editorial”

He later continues:

Marder: This is what I wanted to get at because the Press Office response was it was untrue that Kissinger asked for 126 charges. But we said, well, we thought it was too much because that leaves the question: “well, was it 125 or was it anything or was it –”

Kissinger: The last day we asked for none whatsoever. You know, I don’t know how the sons-of-bitches are counting – they might, during the course of 15 days, if they count every word that was ever suggested in these discussions, they might amount to something, I don’t know. We did not – – there were never more than 8 points seriously at issue at any time during the 15 days. All of this is off-the-record”

Later again:

Marder: Which I’m not trying to do obviously because of this is the kind of thing you get a sweeping accusation from somebody of 126 charges.

Kissinger: The major issue that was discussed occurred in one place and did not recur through the document.

Marder: um-humm.

Kissinger: It is just not true.

Marder: Right.

Kissinger: You know, it might be hard to accept it. The U.S. Government may be telling the truth and Hanoi may be lying but it’s just barely conceivable.

Marder: No, the question here was just simple the way the way he is slinging the 126 around, it was obvious to anybody following this that there are not 126 charges probably in the entire agreement in any substantive form and he has gone on to say that – –

Kissinger: Look, can anybody really believe that having negotiated the Berlin agreement, the Shanghai communique, the SALT agreement, that one could be so wrong at the end of October as to think that 126 issues could be settled in three or four days?

Marder: No, I would think absolutely not.

Kissinger: Or is it more likely that we raised exactly the issues that I mentioned at the end of October? Issues on the assumption of a decisions to settle are easy. And on the assumption of a decision not to settle become insoluble.

Marder: Yeah, yes. I would have no problem with that”

Later in the conversation:

Marder: What is not clear to me is do you see a probability of them dumping everything into that record? That would mean a break and everything if they would go that far.

Kissinger: They wouldn’t do that; they wouldn’t look to good.

Marder: I would think there is a limit. The point is that they probably do not want to break off the negotiations but want to register some great indignation and dismay and generate whatever support pressures from China and Moscow to support them there.

Kissinger: I think that’s right. Murray, I’ve got to run but will you write this please by keeping White House or anybody else out of it.

Marder: All right but I must use something – – Administration sources said the charge of 126 has no foundation whatsoever.

Kissinger: That’s right”

Finally:

Marder: This is why I called you because the White House thing left that hanging.

Kissinger: Hell, it wasn’t anything like 10. I mean, in fact, only 10 things that were ever seriously discussed.

Marder: Right.

Kissinger: There may be a lot of things but all of this is basically irrelevant because all of those issues have in fact practically been settled.

Marder: Right, right. Just one brief thing, the timing discernible at all on any next move on their part?

Kissinger: I have no estimate on that.

Marder: Um-humm.

Kissinger: Okay, Murray.

Marder: Thank you, Henry.

Kissinger: Right. Tell ______ that I deeply appreciate his editorial.

Marder: I will”

If you see how the conservation was between the National Security Advisor and Washington Post Journalist. Shows how the political game is played and what efforts being made. How it went from I hate that editorial, to I appreciate it. Certainly, politician will act first in defense and say the papers are wrong. But when he changed and listened to Kissinger, the story got altered and the information being given made sense. So it wasn’t a spin. Maybe, the White House of today could learn from it today.

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