Friday, September 1, 2017

We lose deductions to pay for wealth tax cuts

Our tax deductions canceled to pay for 1% wealthy bonanza
We are giving up our deductions so GOP can increase corporate wealth. Many corporations don’t pay tax at all. Some hide their money overseas which we can’t. Others like Trump use complicated costly legal loopholes to save $16.7 billions. Average corp rate is 12.6% not 35% while most working people actually pay 33%. Plus many corporations receive subsidies they don’t need like oil and gas, agriculture, and mining. Drug makers sell our drugs around the world for 40-60% less. We pay full price! Corporations don’t make jobs with tax cuts. We make jobs when we spend a tax cut.
We will have to pay for their cuts. Ryan is pushing 2 changes: mortgage interest and 401k retirement money. On the back burner is Social Security changes. Ryan has always wanted cuts. Any combination of these will hurt many middle class on the edge of life-style destruction. We will need 401k and mortgage interest deductions to make it with the current level of SS benefits when they are reduced in 2034.
Congress needs to end the corporate loopholes and subsidies necessary to make the code fair? Why give profitable energy firms subsidies they don’t need? Why did Trump fail to cut drug prices as he promised? Which of these subsidies would you cut: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/UncleSamsFavoriteCorporations.pdf. Here are the largest corporate welfare recipients: https://www.cheatsheet.com/business/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/?a=viewall GOP wants to cut taxes for rich and increase the interest payments on debt to the Chinese?

GOP fails again to keep DEMs from voting—voter fraud found in 2 of 20 million.
Fed judge again denies TX GOP a way to keep non whites from voting: In the decade before the Texas legislature passed its voter ID law, “there were only two votes cast that resulted in fraud convictions.” That is out of 20 million votes counted. Since the law was passed, ruling noted, “the rate of referrals, investigations, and convictions (detection and deterrence) did not increase.” Voter ID fraud is fake and voter IDs are unconstitutional.
BEWARE GOP: Dems in IL automatically registers/updates voter rolls so every citizen can vote like it used to be from Washington to Obama.
Dictators like to control voting by “scrubbing” the rolls and asking voter stupid questions.   

Can you live on $7.25 an hour? We will have to pay more taxes to cover SNAP
GOP in 19 states passed laws banning $15 an hour. Many states are passing STATE laws to over rule city wage increases. This will put more people on SNAP food stamps and Medicare disability. Walmart relies on its workers working at low wages and we pay for their SNAP. Payroll taxes will need to go up to offset coming wealthy tax cuts. Corporate taxes used to cover 33% of fed revenue. Now it’s 10%. Trump paid nothing in ’95 on.
By holding wages low by law (wage controls like Russia) more of us are losing the benefits associated with working in the US: Vacations, cars, college, nice neighbors, movies, restaurants and paid health care. As this trend continues, America will look more like Russia than 1960s America. The major corporations will use their new tax breaks to pay for ALL state and federal lawmakers in order to keep controls in place. Our real wages will be kept at 1970 levels, regulations protecting us from pollution and injury will end, all the courts will be stocked with right-wing Scalias, and Wall Street gambling losses with our money will be bailed out by us again. Book 1984 was just a prelude.

15 SUVs that ranked among the worst for dependability
A 3 year old SUV should not have so many problems but these popular ones do. Jeep, MDX, Suburban have powertrain issues. Premium brands are disappointing with Audi, Acura, Infiniti showing up with low scores. Most issues are annoying and just get worse as time goes on. Choose a 3 year old with a better record. Some used cars should NEVER be your choice because they have real poor records. New vehicles are over priced.

Where should your 401k or IRA retirement savings balance be now?
The average 401(k) plan balance reached a new all-time high of $92,500 in 2016 – up $4300 from a year ago. If you make $50,000 on your 30th birthday, you should have $25,000 banked for retirement. By age 40, you should have twice your annual salary. By age 50, four times your salary; by age 60, six times, and by age 67, eight times. If you reach 67 years old and are making $75,000 per year, you should have $600,000 from compounding. This assumes you never get laid off and never have to stop saving. It assumes you invest in a low-cost stock fund for most of this period. $600,000 might produce $36,000 a year in income at 6%. Social Security might provide another $24,000.
Check yours: A 2015 Government Accountability Office study found that 29% of Americans 55 and older have nothing saved. Those who do have retirement funds have an average of $104,000 and those 65 to 74 have $148,000 in savings. Make your plan today! There is still time to have enough.

 



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TrumpWorld
Goal: Trump brand around the world

The Don fires long-time aide and rally organizer because crowd was too small.

Smoking gun: “Our boy can become president of the USA and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all of Putins team to buy in on this.” 
Putin has captured Trump’s patriotism—Collusion with money-lending enemy?

Putin happy with Trump following Obama policy in Afghanistan: Taliban not in USSR
Trump promised to get out of wars: 5,000 sent for another 50-100 years. No way to win!

Trump’s group places mob ties above country; it’s about money POWER not US service.
Russian lobbyists guide Trump crew and GOP on business interests toward Russia.

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.
Like mob boss, he threatens Senators—his own Attorney General
The Don takes care of his buddies—personal loyalties over law: Sheriff Arpaio, Flynn.


Mobsters don’t call the FBI when Jr doing an illegal deal with fellow mobsters.
Bannon, white racist, US government official, calls KKK “bunch of clowns


Ministry of Truth1984 novel:
Profiling non white citizens is OK—Sheriff Arpaio racist (“patriot”) pardoned by racist.


My Theory:
No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.
Why Trump owes Russia so much allegiance. Oval Office, party platform, etc.

TrumpWorld – using presidency to make money the old fashioned way: theft
Putin’s bank VTB would finance Trump and help get him elected.

The whole family including 10 brothers, wives and grandkids get free world travel


Dictator talk time:
“When the president does it, that means it is not illegal,” Richard Nixon

The Don is moving us to a dictatorship where the only people who go to jail are his enemies and non whites he does not like. Racists and nationalists get pardons. If Flynn and Manafort get indicted by Mueller, The Don will just give them a “get out of jail free” card so they don’t rat him out.
The Don OK’d sale of armored vehicles, large-caliber weapons: KKK would love them!  
The Don claims he saw Harvey “first hand” but actually sat at press conference with Gov.
Do NOT go to MO: “I want the painters found hung from tree.” MO looking for revenge.
Back to 1860: White GA lawmaker warns black attorney she may ‘go missing’ if Confederate statues are threatened. Death threat?

The president can’t have a conflict of interest.” The Don is above the law?


Quid pro quo: "something for something."
Putin’s bank VTB would finance Trump and help get him elected.
Trump delays securities protection law again—brokers get more commissions & fees



How many Americans would vote to bring back Obama? He did things we need done.


Regulation is necessary: We need protection. Saves $12 billion of our money!

Trump gives armor trucks and grenade launchers to police …. to fight crime? If stolen?
Consumer protection agency shut down Prime Marketing for illegal credit repair practices.
GA cop to stopped driver fearing cops: “We only shoot black people. You aren’t black.”
Ford recalls 144,000 cars trucks etc bad belts, bags, safety equipment

SCAMS:
Trump promises taxes slashed for businesses but he already pays nothing since 1995

Jobs:
Harvey needs rebuilding/supplies. Tax cuts do NOT create jobs. We do buying stuff.

Who owns your account now?
Reverse mortgages end in bankruptcy for many low-income families.

Miracle:
Harvey killed 21; Katrina killed 1800. Mexico sends help despite Trump attacks/bad faith


IAN
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