Corporate cheating goes well beyond federal tax reporting, as big companies have used various forms of deception to keep taking from America, especially with a complicit corporate media unwilling to report the facts about their behavior. 1. Give Us Your Technology, Infrastructure, Security, Patent Law…But Sorry, Our Profits Were Made in Another Country Microsoft: Rediscovering its soul while skipping […]
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.
A CNN/ORC snap poll of debate watchers found that 57 percent thought Clinton won the encounter, versus 34 percent for Trump. In a post-debate YouGov poll of 812 voters, Clinton won by 47 percent to 42 percent.
Mike Pence’s denunciation of Vladimir Putin was a sharp departure from the frequent praise of the Russian leader by Donald Trump.
“[Trump] owes no fiduciary duty to anyone else not to pay personal income tax. It is an almost incomprehensibly incoherent argument,” said USC law professor Edward Kleinbard.
The Clintons’ 2015 return shows a roughly $700,000 capital loss carried over from a prior year, that loss originates with the financial crash of 2008, and provided only a $3,000 deduction. They paid $3.2 million in federal income taxes in 2015.
Among the most telling consequences of Trump’s poor preparation was what sounded like a very damaging admission by the self-proclaimed billionaire that he doesn’t pay federal income taxes.
“He (Donald Trump) has really started his political activity based on this racist lie that our first black president was not an American citizen. There was absolutely no evidence for it. But he persisted. He persisted year after year,” Hillary Clinton said.
It will likely be the most highly viewed debate in the history of the world — and here’s why it could be the most consequential.
“Over the next 10 years, our economic team estimates that under our plan the economy will average 3.5 percent growth and create a total of 25 million new jobs… This growth means that our jobs plan… will be completely paid-for in combination with proposed budget savings.”
If it came out of the mouth of any other politician, the speech delivered Monday by the Republican presidential candidate at the Detroit Economic Club would have been stunning in its mendacity. But issuing forth from the pie-hole of Donald J. Trump, it was, sadly, to be expected.
The new rate, which was announced without a target date, compares with Osborne’s previous target to cut corporation tax to 17 percent by 2020 from 20 percent now. It compares with an average of 25 percent among most developed economies.
“You know, when I was working on this speech, i had the same experience I had when I was working on the speech I gave about foreign policy and national security,” she said, before talking about Trump’s tax plan. “I’d have my researchers and my speechwriters send me information, and then I’d say, ‘Really? He really said that?’ And they’d send me all the background and the video clip… So here it goes.”
When reporters asked Donald Trump months after his veterans fundraiser where the money went — including whether Donald had, indeed, donated $1 million — he told them he didn’t have to account for the funds.
“Dear Commissioner — As you know, our client is dying to share his tax returns with American voters before the upcoming presidential election. However, he has prudently chosen to wait until your agency has completed its unfair audit of his Form 1040 filings…”
This is what Donald Trump’s refusal to release his tax returns says about America. We are a nation that can’t think straight about wealth and class. And Trump knows better than to puncture our delusions.
Trump is building out his policy proposals as he pivots from campaigning for his party’s nomination to the general election, including tapping experts in various fields. Among those he has asked for help is U.S. Republican Representative Kevin Cramer of North Dakota, one of the country’s most ardent oil and gas drilling advocates and climate change skeptics.
If his Muslim ban and a Mexican wall didn’t turn away Republicans still planning on voting for Donald Trump, maybe his ideas about the national debt will. The racist billionaire said recently that he would try to game the international economy — much like he did with creditors for his bankrupt casino projects — by paying less on U.S. treasury bonds than what bondholders are owed, a move that would surely destabilize the global economy.
Pressed on the contradiction between his latest comments on taxes and the September tax plan, Trump said he viewed his original proposal as “a concept” and that he expected it would be changed following negotiations with Congress. “By the time it gets negotiated, it’s going to be a different plan,” Trump told ABC.
The returns will be released, Jane suggested, when Hillary Clinton provides transcript of her lucrative speeches to Wall Street firms. Clinton should absolutely release the transcripts and she should have done so long ago, but the issues are not even close to parallel.
Sanders had made available only his and wife Jane’s 2014 Form 1040, a summary lacking crucial details about their sources of income, deductions, and tax strategy.
It is also puzzling that the media generally and the top newspaper editorial pages in particular remain so tolerant of stonewalling on taxes by all the candidates. That wasn’t their attitude toward disclosure four years ago, when Mitt Romney tried that strategy.