Corporations, which drove the train, got even more of a tax cut than they wanted. Yet they refused to promise that their huge tax break would hike worker wages. Medium-sized and big businesses got something they had only dreamed of — though in provisions so badly written one tax expert called them a “travesty.”
Rich Republicans lobbied Trump at a Manhattan fundraiser and got 2.6 percentage points lopped off their highest tax bracket.
Deficit hawks, that is, those opposed to creating any new federal debt, hemmed and hawed and finally folded, as one commentator put it, “like a cheap suit.”
An idea that would have raised $1 trillion and paid for much of the tax cuts was soundly defeated by a powerful business lobby.
Republicans used $1.5 trillion in what some call accounting gimmicks to either hide the true cost of the bill or help justify their votes.
The bill was drafted in secret, partly to keep it from Congress’s own members who, it was feared, would leak it to lobbyists.
[And, of course, the Koch brothers and their fellow plutocrats were involved.]
The Urban-Brookings Tax Policy Center in September 2016 looked at its
proposals for individual tax cuts and found that by 2025, 99.6 percent
of its net tax cuts would go to the top 1 percent of earners. The
nonpartisan Tax Policy Center said the plan would cause the federal debt
to rise $3 trillion in its first 10 years and $6.6 trillion by the end
of the second decade.
The Center for Public Integrity
The Takeaway: NEVER vote for a Republican.
Trump, guided by the extreme right-wing group “The Federalist Society” has been loading up courts with pro-corporation, anti-worker, judges. Here’s one of the latest examples of the Right-Wing Supreme Court screwing workers:
Increasingly, arbitration agreements (included by banks, utilities, and employers) are forced on consumers & workers. There’s supposed to be an element of “consent” involved–the affected parties both agree to arbitration. [In today’s world, it’s a matter of “take it or leave it”. Want electricity? Sign the binding arbitration agreement or get your electricity somewhere else. Want a job? Sign the binding arbitration agreement or turn down the job.]
The Arbitration Act’s “first principle”—that “arbitration is strictly a matter of consent, not coercion.” As a matter of fact, this employer had drafted the arbitration agreement (ambiguities and all) and had forced Varela to sign it as a condition of his employment. Some consent. (The Roberts Five have a tendency to invent facts in cases to suit their desired outcome—Citizens United and Shelby County being notable examples.)
Justice Ruth Bader Ginsburg in dissent pointed out how “treacherously” the court has strayed from the principle that arbitration is a matter of consent: “Shut from the Court’s sight is the ‘Hobson’s choice’ employees face: ‘accept arbitration on their employer’s terms or give up their jobs.’ ” Once again, the corporate interest won, 5–4.
Even as the association has reduced spending on its avowed core mission—gun education, safety, and training—to less than ten per cent of its total budget, it has substantially increased its spending on messaging. The N.R.A. is now mainly a media company, promoting a life style built around loving guns and hating anyone who might take them away.
The New Yorker
NRA’s Wayne LaPierre says Oliver North is extorting him
Oliver North stepping down as National Rifle Association president
Republicans have long taken to complaining when their warped ideology and tribe are questioned. One of their recent complaints: “Republicans are discriminated against on social media”. That argument is, of course, bullshit.
At a Twitter all-hands meeting on March 22, an employee asked a blunt question: Twitter has largely eradicated Islamic State propaganda off its platform. Why can’t it do the same for white supremacist content?
In separate discussions verified by Motherboard, that employee said Twitter hasn’t taken the same aggressive approach to white supremacist content because the collateral accounts that are impacted can, in some instances, be Republican politicians.
It has also been observed that if Twitter banned white supremacists, many of those banned would be Trump supporters, and that would result in an uproar from the cult of the moron. Apparently, Twitter prefers to avoid an uproar from the moron’s cult.
Hedge-Fund Ownership Cost Sears Workers Their Jobs. Now They’re Fighting Back.
Laid-off retail workers are demanding severance,
labor protections—and an end to the Wall Street playbook of owning a
company while hollowing it out.
In 2005, the hedge fund ESL Investments Inc., owned by Eddie Lampert, took over the company. In the 1990s, Sears struggled to keep up with big-box competitors Walmart and Kmart and to compete with online retailers. When Lampert took over, he focused on reducing costs and increasing shareholder returns.
Sears is now defunct, having declared bankruptcy.
This is capitalism at its worst.