The Trump tax plan: More money for the oligarchs

28 April 2017

In presenting the administration’s tax plan at a White House press briefing on Wednesday, Trump’s top economic advisers, Gary Cohn (net worth $610 million) and Steven Mnuchin ($500 million), both former Goldman Sachs bankers, could barely contain their glee over the prospect of a massive transfer of wealth to themselves and their fellow oligarchs.

Cohn, the director of Trump’s National Economic Council, set the tone, gushing: “This is quite an historic day for us and one that we’ve been looking forward to for a long time… We have a once-in-a-generation opportunity to do something really big.”

The “really big something,” as the one-page handout to reporters made clear, is a plundering operation that will shift trillions of dollars from the federal Treasury to the bank accounts of the rich and the super-rich. The aim, besides adding to the obscene wealth of the financial aristocracy, is to starve and eventually eliminate basic social programs such as Medicare and Social Security.

The proposals outlined by Cohn and Mnuchin include:

• Abolishing taxes that impact only the rich, such as the estate tax, the alternative minimum tax and a capital gains surcharge for Obamacare;

• Cutting the corporate tax rate as well as the rate for business profits taken as personal income from 35 percent to 15 percent; and

• Reducing the top income tax rate from 39.6 percent to 35 percent.

The administration is also proposing to eliminate the taxation of profits made by US-based corporations outside the country, along with a one-time tax incentive for corporations to repatriate trillions of dollars in profits held in offshore accounts.

The list of demands totaled a mere 200 words. In reality, the agenda could have been summed up in just four: “We want more money!”

The corporate-financial elite is particularly fixated on abolishing the estate tax. This is because it wants to nail down for its great grandkids everything it has stolen in the past. This tax on inherited wealth, established in 1916, has been repeatedly watered down, but the billionaire parasites want it wiped off the books to establish themselves as an American royalty.

Trump and his Goldman Sachs advisers are resorting to shameless lying to promote the tax scheme. Mnuchin, who appeared on the three network morning news programs on Thursday, insisted that the tax plan will benefit working and middle-class people, not the rich. “This isn’t about a dramatic tax cut for the wealthy,” he asserted. “It’s a middle class income tax cut to create American jobs. Jobs, jobs, jobs.”

He also repeated the ridiculous claim that the multitrillion-dollar cost of the plan will not increase the federal debt because it will pay for itself through increased economic growth. An independent analysis of Trump’s campaign tax plan, similar to the proposal presented Wednesday, estimated that it would raise the federal debt by an additional $7 trillion in the first decade and $21 trillion by 2036.

The massive transfer of wealth will not go to investment, but to acquiring bigger diamonds; more luxurious mansions, yachts and private jets; new private islands; more security guards and better-protected gated communities to segregate the financial nobility from the masses whom they despise and fear.

A portion of the money stolen from the working class will be used to buy more politicians and reporters to keep the democratic façade going.

The official “debate” on the tax scheme will be nothing more than a smokescreen for implementing virtually all the tax proposals. The Democrats are no less the lackeys of Wall Street than Trump and the Republicans. The Obama White House proposed a cut in the corporate tax rate to 28 percent and repeatedly granted tax breaks to big business as the centerpiece of its phony “jobs” programs.

Even as the Trump administration was rolling out its tax plan, it was reported that Obama, following in the footsteps of the Clintons, had agreed to speak at a Wall Street event in return for $400,000 fee. Payment for services rendered.

It is nearly half a century since the Democratic Party abandoned any policy of social reform, which it adopted under the pressure of mass struggles of the working class. The increasing concentration of wealth in the hands of the rich, abetted by changes in the tax structure, has been underway for decades, carried out by Democratic-controlled Congresses and Democratic as well as Republican administrations.

As a result, the corporate tax accounted for just 10.6 percent of the federal government’s revenue in 2015, down from a third in the 1950s. Today, two-thirds of active corporations pay no corporate tax. Large profitable corporations pay an average rate of 14 percent, and some of the biggest companies pay nothing.

The Trump administration marks the emergence of government of, by and for the oligarchy in the purest form. But Trump is no aberration and he did not emerge from outer space. He is the noxious outcome of decades of social counterrevolution.

Obama handed to Trump a country in which the annual income of the top 1 percent ($1.3 million) is more than three times what it was in the 1980s, while the pre-tax income of the bottom 50 percent ($16,000) has not changed in real terms. The share of national income going to the top 1 percent rose from 12 percent to 20 percent over that period, while that of the bottom 50 percent fell from 20 percent to 12 percent.

In human terms, this translates into a society wracked by social crisis and vast suffering, with tens of millions unemployed or consigned to poverty-wage, part-time jobs, life expectancy declining, and drug abuse and suicide rates soaring. Entire generations of young people are condemned to lives of economic insecurity, forced to live with their parents and postpone getting married or having children. The elderly face the destruction of their health and retirement benefits.

And all of this to sustain the meaningless and corrupt lives of a small elite of financial parasites!

With the people of America and the world facing ever worsening social conditions and the looming threat of world war, the top priority of the political establishment is to hand over trillions more to the wealthy elite. This shows that no social problem can be tackled without directly confronting the oligarchy, breaking its power and seizing its wealth so that it can be used to meet social needs.

The American oligarchy, steeped in criminality and parasitism, can produce only a government of war, social reaction and repression. In its blind avarice, it is creating the conditions for unprecedented social upheavals. It is hurtling toward its own revolutionary demise at the hands of the working class.

Barry Grey

http://www.wsws.org/en/articles/2017/04/28/pers-a28.html

Who will lose coverage under Trumpcare?

 

Here are nine people who will lose their coverage under Trumpcare and one who won’t:

1. a diabetic
2. a cancer survivor
3. an asthmatic
4. someone with allergies
5. a heart disease patient
6. an HIV/AIDS patient
7. someone with chronic lung disease
8. someone with Cystic Fibrosis
9. someone with Multiple Sclerosis
10. any member of Congress

List by:
Dr Cathleen Greenberg
Oregon Health & Science University
Residency Family Medicine
Yale University School of Medicine

Are American Voters Actually Just Stupid?

NEWS & POLITICS

 A New Poll Suggests the Answer May Be Yes

ABC News poll suggests that if we ran the election all over again, Trump would still win—by more. What gives?

Photo Credit: George Sheldon / Shutterstock.com

Are tens of millions of Americans really this stupid? If the findings from a new poll are any indication, then the answer is yes:

There’s no honeymoon for Donald Trump in a new ABC News/Washington Post poll but also no regrets: He approaches his 100th day in office with the lowest approval rating at this point of any other president in polls since 1945 — yet 96 percent of those who supported him in November say they’d do so again today …

Among those who report having voted for [Trump] in November, 96 percent today say it was the right thing to do; a mere 2 percent regret it. And if a rerun of the election were held today, the poll indicates even the possibility of a Trump victory in the popular vote among 2016 voters.

This is despite all the lies Donald Trump has told and all the campaign promises he has betrayed: He has not “drained the swamp” of lobbyists and corporate fat cats, has not built his “huge” and “amazing” wall along the Mexican-American border, has not returned jobs to the United States and has not repealed the Affordable Care Act. Indeed, as of day 100 of his presidency Trump has fulfilled few of his main campaign promises.

Moreover, that 96 percent of Trump’s voters would make the same decision again despite overwhelming evidence that Russian President Vladimir Putin interfered in the 2016 presidential election with the goal of installing Trump as a puppet candidate raises many troubling questions about how tens of millions of American voters were “flipped” by a foreign power to act against their own country.

It is easy to mock Donald Trump’s voters and suggest that their loyalty reflects poorly on their intelligence and capacity for rational thinking. Before doing so, one should consider the following data about Hillary Clinton’s voters:

Among surveyed Americans who say they voted in the 2016 election, 46 percent say they voted for Hillary Clinton and 43 percent for Trump — very close to the 2-point margin in the popular vote. However, while Trump would retain almost all of his support if the election were held again today (96 percent), fewer of Clinton’s supporters say they’d stick with her (85 percent), producing a 40-43 percent Clinton-Trump result in a hypothetical redo among self-reported 2016 voters.

That’s not because former Clinton supporters would now back Trump; only 2 percent of them say they’d do so, similar to the 1 percent of Trump voters who say they’d switch to Clinton. Instead, they’re more apt to say they’d vote for a third-party candidate or wouldn’t vote.

Donald Trump is the antithesis of what Hillary Clinton’s voters desired in a candidate. And in many ways Donald Trump’s incompetent, ignorant, reckless, racist, demagogic and cruel behavior in office is worse than even his most concerned and cynical critics predicted. This outcome should motivate Clinton’s voters to be more engaged and more active, instead of as making a hypothetical decision, in a hypothetical election, that might actually give Trump a victory in the popular vote.

The findings from this new poll are troubling. But they should not come as a surprise.

Political scientists and other researchers have repeatedly documented that the American public does not have a sophisticated knowledge of political matters. The average American also does not use a coherent and consistent political ideology to make voting decisions. As Larry Bartels and Christopher Achen demonstrate in their new book “Democracy for Realists: Why Elections Do Not Produce Responsive Government,” Americans have identities and values that elites manipulate, which voters in turn use to process information — however incorrectly.

While some groups of voters may apply decision-rules based on either single issues or concerns about their community and its progress (African-Americans fit this model, for instance), American voters en masse are not rational actors who seriously consider the available information, develop knowledge and expertise about their own specific political concerns, and then make political choices that would maximize those goals.

These matters are further complicated when considering right-wing voters. While Trump may have failed in most of his policy goals, he has succeeded symbolically in terms of his racist and nativist crusade against people of color and Muslims. Given the centrality of racism and white supremacy in today’s Republican Party specifically, and movement conservatism more generally, Trump’s hostility to people of color can be counted as a type of “success” by his racially resentful white voters.

American conservatives and right-leaning independents are also ensconced in an alternative news media universe that rejects empirical reality. A combination of disinformation and outright lies from the right-wing media, in combination with “fake news” circulated online by Russian operatives and others, has conditioned Trump voters and other Republicans to make decisions with no basis in fact. American conservatives do however possess a surplus of incorrect information. In that context, their political decisions may actually make sense to them: This is a version of “garbage in, garbage out.”

Republican voters also tend to be have more authoritarian views than the general public. As a type of motivated social cognition, conservatism is typified by deference to authority, group-think, conformity, social dominance behavior, and hostility to new experiences and new information. These attributes combine to make Trump voters less likely to regret supporting him and in some cases — because of a phenomenon known as “information backfire” — to become more recalcitrant when shown that Trump’s policies have failed in practice.

This ABC News/Washington Post poll also signals a deeper problem. In different ways, both Trump and Clinton voters appear unable to connect their personal political decisions to questions of institutional power and political outcomes. This is a crisis of civic literacy that threatens the foundations of American democracy.

For example, many of Trump’s voters know that his policies will hurt people like them. Yet they still support Trump anyway. The Clinton supporters who reported that they either would not participate or would choose a third candidate if they were able to vote again are making a decision that would make matters worse, by effectively guaranteeing that Trump — the candidate they claim to reject — would be elected.

This is but one more reminder that Donald Trump’s victory was not a sudden crisis or unexpected surprise. The neofascist movement that Trump represents was an iceberg of sorts — one that was a long time in the making. If this new poll is correct, many millions of Americans would make choices that would steer the ship of state into that same iceberg all over again. Such an outcome is ominous. The thought process that would rationalize such a decision is deranged.

Yale historian Timothy Snyder has argued that a democracy has approximately one year to reverse course if it has succumbed to fascism and authoritarianism. America’s civic literacy crisis may mean that the country has even less time than Snyder’s prediction suggests.

Chauncey DeVega is a politics staff writer for Salon. His essays can also be found at Chaunceydevega.com. He also hosts a weekly podcast, The Chauncey DeVega Show. Chauncey can be followed on Twitter and Facebook.

http://www.alternet.org/news-amp-politics/poll-suggests-american-voters-are-stupid?akid=15477.265072.Yuqo-Z&rd=1&src=newsletter1076084&t=8

Russian Explanation of the Mass Poisoning in Syria Could Be True

Posted on Apr 26, 2017

By Theodore A. Postol

Map of Syria. (Wikimedia)

Theodore A. Postol is professor emeritus of science, technology and national security policy at the Massachusetts Institute of Technology and a specialist in weapons issues. At the Congressional Office of Technology Assessment, he advised on missile basing, and he later was a scientific consultant to the chief of naval operations at the Pentagon. He is a recipient of the Leo Szilard Prize from the American Physical Society and the Hilliard Roderick Prize from the American Association for the Advancement of Science, and he was awarded the Norbert Wiener Award from Computer Professionals for Social Responsibility for uncovering numerous and important false claims about missile defenses.

I have been examining the possibility that the April 4 attack in which a number of Syrian civilians and animals were killed, apparently by some kind of poison, hit an ammunition dump as claimed by the Russians. Videos taken on the morning of the attack show explosive debris clouds from four targets that were hit and provide strong circumstantial evidence that this Russian explanation could be true.

One of the clouds is quite distinctly different from all the others. The stem of this debris cloud has a base area that is five or more times larger than the cloud-stem bases of the other bomb debris clouds. The evidence is consistent with the possibility that this debris cloud was created by an initial explosion, followed by a series of secondary explosions. This situation would be expected if the site was, in fact, an ammunition dump.

Evidence of bomb hit on possible ammunition and chemical storage site.

I also have looked up data on poisonous gases that could be generated by the combustion of plastics, and have inspected photographs of the dead and dying from the Bhopal, India, chemical accident of Dec. 2-3, 1984. Many of the symptoms of the victims from the Bhopal catastrophe are similar in appearance to those observed in victims of the attack in Khan Shaykhun, Syria.

Images of poisoned victims of the gas release from a chemical pesticide plant in Bhopal, India, on Dec. 2-3, 1984.

In Bhopal, the gases released were not only extremely toxic but also were capable of burning the skin and eyes. The immediate and most deadly effect of these gases was when they were inhaled. The gases reacted with water in the lungs and created a large generation of fluids that caused victims to drown in their own lung fluids. This effect led to some victims showing foaming at the mouth and nose—an effect that can be generated from many toxic gases and is not unique to nerve agents.

There is no apparent evidence of burns from caustic gases in the pictures of alleged victims from the Khan Shaykhun event. However, the case of Bhopal is distinctly different because of a particular pesticide component that was released during the accident. There is no doubt that a simple mass fire that involves plastics can produce very dangerous materials like phosgene, carbonyl chloride, hydrogen cyanide, and a variety of highly toxic and dangerous organic compounds. One could expect a considerably more toxic release of gases if an ammunition dump was hit, a facility where a variety of chemicals could be stored, including precursors for the production of nerve agents.

Summary of toxic gases that can be created from combusting plastics. Does not include toxic gases that can be created from other materials released in accompanying explosions.

This evidence is not proof that the Russian explanation for a mass poisoning is correct. But given that there is no evidence to support the American alternative explanation—a sarin release from an airdropped munition at a site identified by the White House Intelligence Report—this additional data does provide some information that is relevant to the ongoing discussions on this matter.

Theodore A. Postol can be reached at postol@mit.edu.

 

http://www.truthdig.com/report/item/russian_explanation_of_the_mass_poisoning_in_syria_could_be_true_20170426

Why LGBT people fear Trump could erase our history

We must protect the Stonewall Inn:

The LGBT community has been quietly under attack by the White House since Trump took office

The Stonewall Inn’s status as a national landmark may be at risk following Donald Trump’s plans to review all sites similarly designated by his presidential predecessor

The Salt Lake Tribune has reported that Trump will sign an executive order Wednesday calling on federal authorities to revisit all such designations made in the previous two decades in order to “discern whether their size and scope” are within the original “intent” of the Antiquities Act of 1906. Established under Teddy Roosevelt, the law lets the president use the powers of his office to preserve any “historic landmarks, historic and prehistoric structures, and other objects” deemed of “historic or scientific interest.”

One of the 29 landmarks subject to review by the Trump Administration is the Stonewall Inn, which President Barack Obama designated as a national monument last year. Revoking the landmark status of Stonewall, the site of the 1969 riots that marked a groundbreaking moment for the nascent gay liberation movement, would amount to the ultimate erasure of a community that has been quietly under attack by the White House since Trump’s inauguration. The president has spent his first 100 days relentlessly rolling back the rights of LGBT people, even as he has insisted that he’s a champion for queer and transgender equality.

Stonewall is more than just a bar. It’s a symbol for the crucial progress that the LGBT community has made over the past five decades, as well as a reminder that we still must struggle to be seen as human in a country where queer and trans folks continue to be killed for living our truths. To take Stonewall’s landmark status away would be more than an erasure of LGBT people. It would be assault upon the very foundations of our movement.

The recognition of Stonewall’s historical import came at a devastating time for the LGBT community. Obama announced that the iconic establishment, located in New York’s Greenwich Village, would be added to the monuments list following the June 12 shooting at Pulse nightclub in Orlando, in which a lone gunman killed 49 people. In a speech following the gay bar massacre, Obama remarked that Pulse had been a “safe haven” for the LGBT community. He said that the club was “a place to sing and dance, and most importantly, to be who you truly are.”

That is the purpose that bars have always served for LGBT people, as places to organize and build community but also to have the fullness of our identities recognized. The Stonewall riots, violence that erupted during a six-day standoff with police in June 1969, marked a watershed moment in the willingness of LGBT folks to fight for our visibility and our right to exist. The riots were a response to frequent police raids of gay bars across the country — disruptions that had provoked a similar demonstration at Los Angeles’ Black Cat Tavern two years earlier. That pervasive police brutality was a staple of gay life in the 1960s — with queer people being beaten and thrown into jail for doing nothing more than being themselves. And they had had enough.

Although LGBT folks had been organizing for decades, Stonewall forced a community that spent most of its history underground out into the open. The demonstration was commemorated the following year with the nation’s first Pride parades, but Stonewall would continue to serve as a symbolic site to which LGBT people returned for decades to come — in celebration, struggle and even mourning. It was the site where marriage equality activists cheered the legalization of same-sex unions in 2015, where we remembered the Pulse victims a year later, and where a community gathered in shock and sadness following the 2016 election. Last November crowds gathered outside Stonewall as the LGBT community struggled to figure out what was next.

Speculation that Trump will take action against Stonewall might seem to you like knee-jerk liberal outrage, and perhaps it is. We have no way of knowing what’s on the president’s agenda. But Trump has given the LGBT community every reason to be concerned that he will continue to do everything in his power to be applauded for being an ally while quietly working against our welfare.

During the 2016 election, Trump claimed he would be a “friend” to the LGBT community, but his administration has represented the greatest setback to queer and trans rights in decades. Shortly after taking office, the president announced that he would be revoking guidance issued by the Obama White House in 2016 on best practices for K-12 administrators in regard to respecting the identities of trans students. Although he has claimed he will not repeal a 2014 executive order that granted nondiscrimination protection to federal contractors, Trump has nixed oversight of those regulations, making the Obama order difficult to enforce.

Trump has done almost nothing to show the LGBT community he would be the defender of our rights that he claimed he would be. Under his watch, the government revoked questions about elderly LGBT people on two federal surveys, making it harder to gauge the needs of a marginalized and vulnerable population. Studies show that older LGBT adults are twice as likely as their peers to be single and live alone, as well as three to four times less likely than heterosexuals to have children to take care of them and offer support. This population needs our advocacy, not more isolation and invisibility.

That’s precisely what many fear is happening under the current presidency — that Trump is not only chipping away at LGBT rights but also erasing queer and trans people from public life.

It’s impossible not to feel that way when every single day Trump gives the LGBT community, which has weathered decades of struggle, a reason to be fear that his White House is no different from the police officers who kicked down the doors of Stonewall in the 1960s. Nearly every member of his Cabinet is a committed opponent of LGBT rights. This includes the secretary of state, who tried to block an LGBT student group from meeting on a public campus, as well as the secretary of education, whose family has donated millions to anti-gay causes. Most recently, Trump nominated as secretary of the Army,Mark Green, a Tennessee state senator who claimed that transgender people are “evil” and need to be “crushed.”

The president’s stripping Stonewall of its landmark status might appear to some to be an outrageous and absurd suggestion, but it would be no different than what happens on any other day in Trump’s White House. He might have waved a rainbow flag one time at a rally, but that doesn’t mean that the president cares one iota about what our community needs, wants or deserves.

If there’s one thing that could stop Trump from repealing Stonewall’s place among U.S. national monuments, it’s not his deep and abiding love for “the gays,” his preferred moniker for the community. It’s the limits of presidential power.

Robert D. Rosenbaum, the chairman of the Mid-Atlantic Regional Council of the National Parks Conservation Association, wrote in The Washington Post that the president has the power only to make a particular site a recognized landmark, not to revoke the designation of previously recognized locations. Although members of Congress who want Trump to revisit designations like those for Utah’s Bears Ears Monument and the Papahānaumokuākea Marine National Monument (both Obama picks) assert that he has “implied power” to take them off the registry, Rosenbaum has claimed the president does not. That power, Rosenbaum said, is allotted “exclusively to Congress.”

Stonewall, as it has for decades, will likely withstand this latest challenge to the LGBT community. But its future should be protected from people like Trump, who are the very reason that we must keep fighting for our liberty and our very right to exist. Our history is too important to erase.

 

http://www.salon.com/2017/04/26/we-must-protect-the-stonewall-inn-why-lgbt-people-fear-trump-could-erase-our-history/?source=newsletter

Robert Reich: 5 Reasons Why Trump’s Corporate Tax Cut Is Totally Moronic

NEWS & POLITICS
A huge windfall for corporations and a huge burden on ordinary Americans.

Photo Credit: ATIS547 / Flickr

Trump wants to cut the corporate tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.”

This is truly dumb, for 5 reasons:

1. The White House says the United States has one of the highest corporate tax rates in the world. Baloney. After corporate deductions and tax credits, the typical corporation pays an effective tax rate of 27.9 percent, only a tad higher than the average of 27.7 percent among advanced nations.

2. Trump’s corporate tax cut will bust the federal budget. According to the Congress’s own Join Committee on Taxation, it will reduce federal revenue by $2 trillion over 10 years. This will either require huge cuts in programs for the poor, or additional tax revenues from the rest of us.

3. The White House says the tax cuts will create a jump in economic growth that will generate enough new revenue to wipe out any increase in the budget deficit. This is supply-side nonsense. The Congressional Research Service reviewed tax cuts since 1945 and found no evidence they generate economic growth. Ronald Reagan and George W. Bush both cut taxes, and both ended their presidencies with huge budget deficits. Bill Clinton raised taxes, and the economy created more jobs than it did under Bush or Reagan.

4. American corporations don’t need a tax cut. They’re already hugely competitive as measured by their profits—which are at near record highs.

5. The White House says corporations will use the extra profits they get from the tax cut to invest in more capacity and jobs. Rubbish. They’re now using a large portion of their profits to buy back their shares of stock and to buy other companies, in order to raise their stock prices. There’s no reason to suppose they’ll do any different with even more profits.

Don’t fall for Trump’s corporate tax giveaway. It will be a huge windfall for corporations and a huge burden on ordinary Americans.

 

Robert B. Reich has served in three national administrations, most recently as secretary of labor under President Bill Clinton. His latest book is “Saving Capitalism: For the Many, Not the Few.” His website is www.robertreich.org.