Monday, December 18, 2017
The Corker Bribe "The Big Pay Off"
Sunday, December 17, 2017
Trump The Reckless Con Man, The Election That Was Won On Deceive
I’m tired of hearing about how Russia intervened in the recent
U.S. election and tired of the talk about collusion, and I’m especially fed up
with the speculation that all this will doom the Trump presidency.
My weariness is not due to a lack of indignation at how a
foreign country covertly helped a reckless con man become president. And I
would certainly celebrate if the uncovering of crimes forced President Trump to
abandon the White House and slink back to his tower. But I fear that the Russia
investigations — and the hope that they will save the republic — are turning
too many opponents of this administration into passive, victimized spectators
of a drama performed by remote actors over which they have no control.
Russians voting in Michigan,
Pennsylvania and Wisconsin [didn't hand] the election to the Republican
candidate by a bit more than 80,000 votes.
Those were not Russians voting in Michigan, Pennsylvania and
Wisconsin, handing the election to the Republican candidate by a bit more than
80,000 votes. They were American men and women. As were the 62,984,825 others who
decided that such a troublesome, inflammatory figure expressed their desires
and dreams. Trump could be impeached or resign, or his policies could simply
implode under the weight of their malice, divisiveness and mendacity, and the
country would still be defined and pressed by the same conditions and dread
that enabled his rise. America would still need to engage in a process of
national self-scrutiny to fathom how such a nightmare could have been avoided,
how it can be prevented from happening again.
Now, every desperate American must gaze in the mirror and
interrogate the puzzled face and puzzling fate that stares back: What did I do
or not do that made the cataclysm possible? Did I ignore past transgressions
that corrode today’s society: the discrimination, the sexism, the violence, the
authoritarianism, the intolerance, the imperial ambitions, the slavery and
greed and persecutions that have darkened America’s story? Did I overestimate the
strength of our democracy and underestimate the decency of my neighbors? Was I
too fearful, too complacent, too impatient, too angry? Whom did I not talk to,
whom did I not persuade? What privilege and comforts, what overwork and debts,
kept me from giving my all? What injustice or humiliation or bigoted remark did
I witness and let pass? How can I help to recover our country, make it once
more recognizable, make it luminous and forgiving?
We must vigorously protest the president’s craven actions, but above
all we need to acknowledge that what ultimately matters is not what a foreign
power did to America, but what America did to itself. The crucial question of
what is wrong with our country, what could have driven us to this edge of
catastrophe, cannot be resolved by a special counsel or a Democratic takeover
of the House of Representatives or spectacular revelations about Russia’s
interference.
Our inevitable moment of reckoning should be seen as an
opportunity rather than an obstacle. Thomas Paine, that foreigner, that
immigrant, that subversive who loved America, said it best in December of 1776,
as his adopted homeland’s inaugural revolution was in danger of being defeated:
“Tyranny, like hell, is not easily conquered; yet we have this consolation with
us, that the harder the conflict, the more glorious the triumph.”
I cannot guess whether we will be spirited enough to find the
consolatory answers to our crisis. What I do not doubt, as America cries out
for a second and much needed revolution, is that a long night of searching lies
ahead of us.
Ariel Dorfman is the author of “Homeland Security Ate My Speech”
and the forthcoming novel “Darwin’s Ghosts.” He lives with his wife Angélica in
Chile and in Durham, N.C., where he is professor emeritus of literature at Duke
Universities
Such a process will prove
arduous and gut-wrenching. I should know. As a Chilean who is now also an
American citizen, I went through a similar grueling quest to comprehend the
origins of another political disaster: the 1973 overthrow of the Chilean people’s
peaceful revolution and its leader, Salvador Allende. I had to learn that
attributing that tragedy to foreign entities did not alleviate or overcome it.
In 1973, a military coup against Allende, the democratically
elected president of Chile, terminated an extraordinary experiment in social
and economic justice. The assault was aided and abetted by the United States.
For many years after the coup, I dwelled on Washington’s responsibility for the
brutal dictatorship of Gen. Augusto Pinochet.
And yet, some years after Pinochet’s depradations forced me to
flee Chile with my wife and our first son, I stopped automatically alluding to
America’s role in my country’s misfortune. I continued to be outraged by the
invasion of our sovereignty, which had also occurred in places as diverse as
Guatemala, Iran and Indonesia. But I realized that obsessing about what America
had done was delaying a more imperative obligation: to minutely, painfully,
collectively examine what had gone awry in my own land. How could our attempt
to build a nation free of exploitation have paved the way for a tyrannical
regime?
It took many years for the self-criticism to bear fruit, but
without it the followers of Allende could never have built a coalition with the
Christian Democrats, many of whose members were fierce opponents of the
revolution’s radical measures. They had at first thoughtlessly welcomed the
coup. Our coalition beat Pinochet in a 1988 plebiscite and then voted into
office a center-left president two years later. Since then, Chile has organized
five more presidential elections. Yet another will take place Sunday, and
whatever its outcome, Chileans can be certain that our democracy is robust
enough not to be fooled by foreign intelligence agencies.
As an immigrant who has embraced America as his home, I would hope that my compatriots here might be inspired by the way Chile went about healing its wounds. Our confusion and angst forced us to look deep inside our despair, and deeper still into the enigmas and abyss of history in search of a response to the Pinochet tragedy. The fundamental ethical work went beyond politics and intellectual theories to more personal, more intimate, more piercing territory. Chileans had to think ourselves out of our crisis.
Such a process of inquiry and exorcism began in the U.S. soon
after the election, with no lack of culprits to blame. And yet so far the
multiple, conflicting theories and explanations for Trump’s startling victory
have not produced a common national narrative that might unify the opposition
and point the way forward.
Now, every desperate American must gaze in the mirror and interrogate the puzzled face and puzzling fate that stares back: What did I do or not do that made the cataclysm possible? Did I ignore past transgressions that corrode today’s society: the discrimination, the sexism, the violence, the authoritarianism, the intolerance, the imperial ambitions, the slavery and greed and persecutions that have darkened America’s story? Did I overestimate the strength of our democracy and underestimate the decency of my neighbors? Was I too fearful, too complacent, too impatient, too angry? Whom did I not talk to, whom did I not persuade? What privilege and comforts, what overwork and debts, kept me from giving my all? What injustice or humiliation or bigoted remark did I witness and let pass? How can I help to recover our country, make it once more recognizable, make it luminous and forgiving?
Trump's Family Are Big Winners With The Republican Tax Scam
But the fine print reveals that some will get a much nicer gift than others, the benefits will change over time, and some will be left out in the cold. Real estate developers and technology companies could see big tax cuts, while low-income households and people buying health insurance could lose out.
With the bill finally headed to a vote this coming week, taxpayers are scrambling to determine whether the legislation renders them winners or losers.
WINNERS
PRESIDENT TRUMP AND HIS FAMILY
Numerous industries will benefit from the Republican tax overhaul, but perhaps none as dramatically as the industry where Mr. Trump earned his riches: commercial real estate. Mr. Trump, along with his son-in-law Jared Kushner, who is part owner of his own real estate firm, will benefit from lower taxes on so-called “pass through” income, which is money earned by partnerships and other types of businesses whose income is passed through to its owner and taxed at the individual tax rate. Mr. Trump and Mr. Kushner benefit since they own properties through limited liability companies and other similar vehicles.
© Doug Mills/The New York Times President Trump, with his son-in-law, Jared Kushner, who is part owner of his own real estate firm, will both benefit from breaks for commercial real estate in the tax lcuts will be enjoyed by an array of multinational industries, particularly technology and pharmaceutical companies, like Google, Facebook, Apple, Johnson & Johnson and Pfizer. Such multinational companies have accumulated nearly $3 trillion offshore, mostly in tax haven subsidiaries, untouched by the United States taxman. The tax bill will force those companies to gradually bring that money home, but it will be taxed at rates ranging from 8 percent to 15.5 percent. That’s far lower than the current 35 percent tax rate on corporate profits and even lower than the new 21 percent rate.
Plus, American companies will no longer owe full corporate taxes on future profits they say they earn abroad, providing more incentive to push income into tax haven subsidiaries. The law even includes provisions that could encourage companies to move workers abroad, despite pledges to do the opposite.
MULTIMILLIONAIRES
An exemption for estates that owe what Republicans call the “death tax” was lifted to $22 million from $11 million. That doesn’t matter much to billionaires like Charles Koch, but means a big tax cut for people with estates worth tens of millions of dollars.
Plus, the top rate applying to wages and interest income would be cut to 37 percent from 39.6 percent.
PRIVATE EQUITY MANAGERS
During the campaign, Donald Trump railed against wealthy investment managers who, thanks to the so-called carried interest loophole, pay taxes on the majority of their pay at a lower capital gains rates. But the purported reform to this tax provision will affect few if any private equity managers, leaving the loophole intact.
PRIVATE SCHOOLS AND THE PEOPLE WHO CAN AFFORD THEM
Parents would be eligible to use a type of tax-preferred savings plan — known as a 529 plan — to save for their children’s’ elementary and secondary education. Right now, those savings plans are only eligible for college. But they would be expanded to allow for up to $10,000 a year for tuition at private and religious schools.
THE LIQUOR BUSINESS
Excise taxes for small brewers and distillers are reduced in the final agreement. Those industries are dominated by entrepreneurial small businesses often based in rural areas. They also have strong lobbyists, and many are based in states with powerful senators, like Senator Rob Portman of Ohio. Mr. Portman, who tucked a provision to help craft brewers into the Senate legislation, was part of the small team of lawmakers who merged the two bills into a final version.
ARCHITECTS AND ENGINEERS
They were originally restricted in how much they could benefit from the new pass-through provision. If they structure their businesses a certain way, the final version will let them benefit fully.
TAX ACCOUNTANTS AND LAWYERS
Mr. Trump once said his “dream” was to put tax preparation services out of business by simplifying the tax code. But the rushed legislation will probably have the opposite effect, as individuals try and make sense of the complicated new provisions, staggered dates and new rates. The uncertainty and confusion will probably create numerous new opportunities to game the system: tax preparers are sure to see a boom in business advising clients on how to restructure their employment and compensation arrangements to take advantage of the lower tax rates on income reported by corporations and pass-through entities.
LOSERS
PEOPLE BUYING HEALTH INSURANCE
With the repeal of the individual mandate, some people who currently buy health insurance because they are required by law to do so are expected to go without coverage. According to the Congressional Budget Office, healthier people are more likely to drop their insurance, leaving insurers stuck with more people who are older and ailing. This is expected to make average insurance premiums on the individual market go up by about 10 percent. All told, 13 million fewer Americans are projected to have health coverage, according to the Congressional Budget Office.
INDIVIDUAL TAXPAYERS IN THE FUTURE
To stay under the $1.5 trillion limit for new deficits lawmakers set for themselves, they opted to make the cuts for individuals and families temporary, expiring at the end of 2025 — even as the corporate tax cuts will be permanent. Republicans are counting on a future Congress to extend the lower rates, as has happened in the past. But there are no guarantees, and that could mean a big tax increase down the road. What is more, the use of a different, less generous measure of inflation would push taxpayers into higher tax brackets more quickly.
THE ELDERLY
A 2010 law requires that any legislation that adds to the federal deficit be paid for by spending cuts, increases in revenue or other offsets. Some cuts would be automatic, and the biggest program to be affected is Medicare, the health insurance program for the elderly and disabled. Dozens of other programs are likely to be cut as well, but Medicare, which would face a 4 percent cut, is by far the biggest. Republicans say that this rule will be waived and the cuts will be averted, but that will take a bipartisan deal.
LOW-INCOME FAMILIES
Low-income families who claim the earned-income tax credit will lose out on at least $19 billion over the coming decade under the bill because of the change in the way inflation is calculated. And a new requirement that families claiming the child tax credit provide a Social Security number is projected to mean a big reduction in the families claiming it, since those who are not in the United States legally would be prohibited, even if their children were born in the United States.
OWNERS OF HIGH-END HOMES
Under current law, the interest on mortgages for first and second homes is deductible for the first $1 million of the loan. The overhaul would cut that to the first $750,000 and eliminate the owner’s ability in the current law to deduct the interest on a home-equity loan up to $100,000. This could drive down home prices in some high-end markets; good for prospective buyers but bad for prospective sellers.
PEOPLE IN HIGH PROPERTY TAX, HIGH INCOME STATES
Homeowners in high-tax states like New York, New Jersey and California could be big losers, particularly if they have high property taxes. Their ability to deduct their local property taxes and state and local income taxes from their federal tax bills is now capped at $10,000. In some cases, that could be offset by the lower tax rates that all taxpayers will owe on their ordinary income.
PUERTO RICO
Puerto Rico had sought an exemption from new taxes, citing the frail state of its economy nearly three months after Hurricane Maria. But no such luck. The tax bill treats affiliates of American companies on the island as if Puerto Rico were a foreign country and imposes a 12.5 percent tax on intellectual property. Puerto Rico’s governor, Ricardo A. Rosselló, said the tax would hurt the biomedical and technology affiliates that make up about a third of Puerto Rico’s tax base.
THE INTERNAL REVENUE SERVICE
The tax collection agency has been underfunded and understaffed for years. Now, it will have a raft of new tax rules to deal with that will require upgrading its software, printing new manuals and explaining to confused taxpayers how things work. All this is expected to take place while the commission is working under the supervision of an interim commissioner, who is expected to be replaced sometime next year.
Friday, December 15, 2017
Thursday, December 14, 2017
The Republican Tax Scam, Borrowing To Give To The Rich
The Republican Tax Cuts Will Under Fund Obamacare, And 13 Million Americans Will Lose Healthcare Coverage
This is the composition of the Senate at large, as of Thursday. There are 46 Democrats, who have shown no indication that they plan to aid the Republicans’ tax efforts. There are two independents who caucus with the Democrats and are similarly unwavering. And there are 52 Republicans — plus Vice President Pence, who gets to cast a vote in the event of a tie in the chamber.
Tuesday, December 12, 2017
Sunday, December 10, 2017
Saturday, December 9, 2017
Friday, December 8, 2017
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