Across cable news, the salaries paid to on-air contributors remain shrouded in mystery, ranging by network and by market demand for the contributor’s expertise. But, because at least 10 former Fox News contributors have served in Donald Trump’s administration and been forced to file financial disclosure forms, a window into the network’s payroll has been opened.
Among the eight Trump staffers who were forced to disclose what Fox News paid them to contribute, salaries averaged about $141,000 and ranged from a low of $31,336 for New York socialite Georgette Mosbacher (who serves as ambassador to Poland) to a high of $569,423 for John Bolton, who now serves as Donald Trump’s national security adviser.
Education Secretary Betsy DeVos announced Monday that she will no longer enforce a provision in federal law that bars religious organizations from providing federally funded educational services to private schools.
So how does the “Budget for a Better America” treat Medicare and the other programs that Trump vowed to safeguard at all costs? By calling for even larger cuts to them than the White House proposed this time last year, when it formally abandoned Trump’s campaign pledges. The budget for the 2019 fiscal year called for five hundred and fifty billion dollars in cuts to Medicare over ten years. With the budget deficit skyrocketing as a consequence of the Trump-G.O.P. tax bill, the 2020 budget would reduce spending on Medicare by eight hundred and forty-five billion dollars over the next decade. Even in Washington, that’s a lot of money.
Incredibly, instead of pointing out that the advocates of austerity have been shown wrong, most reporting continues to treat their policies as being credible, and in fact often works to hide evidence of its failure. The New York Times (2/14/19) gave us a great example of this practice in an article on the decline of the middle class across Europe, with a focus on Spain
The popular video streaming service Netflix posted its largest-ever
U.S. profit in 2018—$845 million—on which it didn’t pay a dime in
federal or state income taxes. In fact, the company reported a $22
million federal income tax rebate.
After a year of speculation and spin, the public is getting its first
hard look at how corporate tax law changes under the Tax Cuts and Jobs
Act affected the tax-paying habits of corporations. The law sharply
reduced the federal corporate rate, expanded some tax breaks and
curtailed others. The new tax law took effect at the beginning of 2018,
which means that companies are just now closing the books on their first
full year under the new rules.
If Netflix’s earnings report is any indication, not much has changed. Many corporations are still able to exploit loopholes and avoid paying the statutory tax rate—only now, that rate is substantially lower.