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Friday, March 24, 2017

Blue America Gets Richer

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“Trumpcare is really a tax break for the rich, not a health care program,” Sen. Chuck Schumer of New York said about the Republican House bill to decimate the Affordable Care Act. He was right.

Sen. Rand Paul, meanwhile, panned the bill for not cutting those taxes fast enough. “It keeps the Obamacare taxes for a year,” the Kentucky Republican complained.

It’s old news that Republican plans to basically kill Obamacare would hit Trump country the hardest. In Kentucky, for example, Obamacare brought coverage to a half-million people (out of a population of 4.4 million) — with 4 in 5 joining the expanded Medicaid program because their incomes were so low.



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Revealed: Did Trump Leak His Own 2005 Tax Return To David Cay Johnston?

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Donald Trump paid only a small percentage of income tax on earnings of over $150 million in the year 2005, according to documents obtained by reporter David Cay Johnston, a contributor to The National Memo. Johnston received what appear to be the first two pages of Trump’s federal income tax return from that  year, and published a report on his new website, DCReport.org. Instantly and massively picked up by the media, including television appearances by Johnston, the story crashed his website hours later.

According to the documents, Trump and his wife Melania paid $5.3 million in regular federal income tax or under four percent — but were required to pay $31 million more in “alternative minimum tax,” or AMT.



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Trump’s Contentious ‘Skinny Budget’ Is Unlikely To Pass Congress

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IMAGE: U.S. President-elect Donald Trump talks with the media at Mar-a-Lago estate where Trump attends meetings, in Palm Beach, Florida, U.S., December 21, 2016. REUTERS/Carlos Barria



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