Friday, September 29, 2017

Which corporate welfare recipients do you want to keep supporting?

Which of these tax subsidies will you keep paying for in the new tax bill? 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 the rich and increase the interest payments on $20 Trillion debt to the Chinese! GOP idea that corporations make jobs with tax cuts was proven wrong by KS in 2010, when KS cut taxes and almost went bankrupt. Tax cuts are usually invested overseas where the corporation can make more money from cheap labor. Example: Carrier got tax breaks from IN and still moved to Mexico because wages are ¼ US rate. 
Can our ‘reps’ end corporate loopholes and subsidies? How can Congress do that when our ‘reps’ get their election money from the same companies/lobbyists? They give profitable energy firms like Exxon subsidies they don’t need. We even subsidize profitable Disney with $1 billion. Isn’t gov subsidy really SOCIALISM like Russia? GOP’s propaganda of tax reform hides the increases for us.
Ask your ‘rep’ to end just one subsidy! While we wait,

The Don’s lifestyle spending is spreading to his cabinet
Washington is not being drained of mindless bureaucrats as he promised: it is being drained of operating expenses—our taxes. Tom Price decided he did not like being delayed in the airport like the rest of us so he got us to pay Thousands of our Dollars for a private jet. These are not the little ones but the big ones The Don himself uses: Dassault Falcon 900. Price got stuck in an airport due to weather and decided to fly like a private company big shot from now on. These trips are not cheap. It turns out Education Sec Betsy DeVos also flies on private jets, but she’s independently wealthy and apparently doesn’t charge taxpayers for her luxurious preferences. Treasury Sec Mnuchin used an Air Force C-37 jet to travel from Manhattan to Washington on Aug. 15 after attending Trump’s news conference about non Treasury ideas. ABC found that the one-hour flight, which cost taxpayers $25,000, was being investigated along with two other travel requests. He tried to use military jet for European vacation. Price used military for trips to Europe/Japan for $500,000. Don’s mob can afford own fare: Mnuchin has $154 mill and Price $8 million. Mnuchin paid for Mad Max, etc. Get money back?
Avoid taxes we will eventually have to pay for Don’s mob: https://www.amazon.com/ Tax-Credit-Class-your-credits-ZERO/dp/1539462382


Cut taxes? Most large corporations pay no taxes already—No firm pays 35%
Trump and GOP want to cut taxes for corporations but most don’t pay taxes now. Many store their cash overseas so they can’t be taxed. We can’t do that legally! We must pay tax on all worldwide income and most of us don’t have a legal team (deductible) to avoid taxes with legal gimmicks. For instance, some like Google use the Dutch Sandwich to save $3.6 Billion in taxes. Others use the Double Irish to use foreign tax laws we can’t.
Some receive our tax money as subsidies even though they are profitable: Nike, Royal Dutch Shell, Fiat Chrysler, Ford, GM, Intel, Alcoa, Boeing. 75% of disclosed subsidy dollars have gone to 965 big companies. We don’t know the total value of subsidies to all business but it is in the $ billions. Corporations have the money to make jobs ALREADY we make jobs by consumers having money. GOP targets our deductions: we end up paying more taxes (10% rate raised to 12%) instead of corporations paying their fair share. GOP says they are NOT increasing our tax rates even though they are by changing the income brackets. The net effect is we will pay more. Business keeps its subsidies and loopholes and keeps 2.5 Trillion overseas. They send jobs overseas not make jobs here! GOP just pushed the deficit to 20 Trillion and tax cut for rich will cost 1.5 Trillion more!

Trump to raise Medicare costs to pay for wealthy tax cut
Trump promised to leave Medicare benefits as they were but his proposal may cost us more. Trump has canceled pilot programs that would have penalized some doctors and hospitals and made others voluntary, among other changes. Tom Price, recently cited for charging his private jet travel to taxpayers, wishes to allow doctors to charge Medicare patients extra if the docs think the payments are too low. Duh, All do. This is a sneaky way to privatize Medicare through the back door. Doctors are barred from doing this now. "There have been all of these stories about emergency room surprise billing, out-of-network balance billing — none of that's a problem in Medicare," said Tim Gronniger, former CMS official under President Obama. "There's opportunities for really significant new costs for Medicare patients." Trump can use current regs to change rules.

Warren Buffett won the bet: Index fund KILLS high-cost funds
Results don’t lie. If you put your money where Warren told you to put it—in the Vanguard 500 Index, you would have earned 7% per year versus 2.2%. That means Mr Seides’ $1 million hedge fund investments have only earned $220,000 in the same period that Buffett’s low-fee investment gained $854,000. Buffett’s strategy is simple: bet on American business. Warren Buffett, the greatest investor of our time beats Wall Street at their own game by NOT trading or timing. A plain market index fund beat 92-95% of the returns of "professional" managers, including hedge funds. Stock picking by geniuses works only for a short time. Is your advisor a genius? Few picked and held Apple 30 years ago. Insiders may have an edge but it is illegal and you could get caught like Martha Stewart. To earn more, we pay as little as we can. You are paying too much!

Fact-based investing not fake Wall Street promises   
Fact-based Investing is now available to you. You pay no commissions or fees which reduce the amount you keep. If you are a long-term investor, you avoid giving up 63% of your potential accumulations because of charges. 
      This is our first fact: John Bogle, founder of Vanguard Group, the largest mutual fund firm, found that over 50 years of the normal 2% fees on your portfolio, you can actually end up with 63% less than you could have earned. It is simple math: your money earns 7% but the advisor, firm and trading/timing take 2%. Instead of $1.4 million at $250 a month you end up with only $670,000. The average managed-account equity investor earned just 3.79% a year over 30 years ended 2014. Inflation was 2.7%. The market benchmark returned 11.06%. We can invest in a fund that tracks the benchmark at the low cost of 0.04% and so earn 11% over time. We can eliminate any current or future taxes on the growth of our money as it compounds in a tax-advantaged retirement account. No advisor or computer system has proven to beat the market returns over time. Use facts to grow your account: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

Buffett strategy beats expensive complicated hedge fund advisors
You can earn 11% on your long-term money and end up with HALF a million dollars or more with one phone call. The average advisor-assisted investor earned just 3.79% instead of the market rate of 11%. We own stocks of companies with certain characteristics. We pay less and get more. We use a special investment account to eliminate all future income and capital gains taxes. It is IRS approved for workers only. No one can time the market successfully over time. We don't pay Wall Street owners the $1.3 Trillion per year revenues they take from their clients. One study found that the most successful investors were those that ‘forgot’ their account. Warren Buffett advises us to buy and hold forever too. Buffett has a record of 20% annual returns with 2 down years since 1965.


New TrumpCare ends 10 Obama guarantees for all Americans except Congress
GOP is asking GOP governors to push for Cassidy-Graham passage because their state will reap $ billions to save their state budgets from default. This political settlement provides money to the states (GOP states get double) to subsidize the old, poor and disabled health care needs. Bloc grants let states spend what they want on health or new statues. Your state can decide to let insurers charge more for those with pre-existing conditions or charge an unaffordable premium or charge less for excluded cancers or heart disease. We lose protections on pre-existing, ER, screenings, Medicaid etc. Even Cassidy own state Health Commissioner says it ends care for 433,000 LA citizens. Our ‘reps’ get to keep these protections in their plan so they face no fight for coverage. We taxpayers foot their bills and insurers can jack up the premiums every year. Insurers and lobbyists win and we lose again: the 32 million without any coverage plan!
The Don and Congress get to keep the 10 Obama guarantees; we don’t. Thank S. Collins


Can our ‘reps’ get elected w/o drug money?
Bernie Sanders thinks we can have health care for less cost. The only people who lose are the middlemen and women who get paid to stand between us and health care providers. They employ another group of wealthy people to tell our ‘reps’ what to do on laws. Americans pay about double what other countries pay in total for less care. Many Americans have to sit in hospitals all day to be seen. Millions who work for employers without benefits don’t get care and must get sick to go to the hospital for major problems especially in GOP states. Even if you have a plan, you get manipulated by the system. If the doc or hospital makes a mistake, your family will live through hell or worse.
Imagine paying nothing when you go to the doctor’s office—no copayments, deductibles or portion of your bill. Any prescription drugs would cost you no more than $200 per year. And for all this, you’d pay insurance premiums of just 4% of your income. Since everyone is covered, most doctors and hospitals will have to accept Medicare reimbursement. And there are no tricks from providers who lie about plan coverages.
The insurance company infrastructure would have to find something else to do. That clerk who tells you that you are not covered for the procedure your doctor recommends would need to find work. Also the hundreds at the pharmacy wholesaler who decide EpiPens should cost you $609 not $30. Also hundreds of marketing people who make TV and media adverts to sell drugs to your doctor. Yes, doctors are being told what to push.
SO:
If GOP can vote to end ObamaCare, they could help us and vote FOR Medicare for US

GOP religionists think god is telling storm victims to move
GOP rep says god is blaming storm victims for living in their homes. Jeb Hensarling, chairman of the House Financial Services Committee, was referring to the National Flood Insurance Program. The federal insurance covers flood damage for homes, which most homeowner policies do not cover. Buyers purchasing a property at risk of flooding are generally required by mortgage lenders to have a government flood policy. "The federal government is encouraging and subsidizing people to live in harm's way," said Rep. Jeb Hensarling in an appearance on CNBC Thursday. "At some point God is telling you to move." Trump’s judge thinks he is the spokesman for Satan, condemning children.
Some GOP think god sent Trump to save America. Some GOP religionists want to fill Congress with racist anti-civil law reps.

Congress continues to use illegal insider-trading to enrich members/staff
Congressional aid found out EpiPen maker was to be fined by Justice and sold his stock for huge gain. You and I can’t do that or we go to jail like Martha Stewart. Congress has refused to enforce a law against their own self-dealing. Individually they make a killing at our expense. Aide Daniel Swanson, isn’t alone. A POLITICO review of federal disclosures for 2015 and 2016 found that some senior aides regularly buy and sell individual stocks that present potential conflicts of interest with their work. A larger study, which looked at almost 62,000 trades made by members of Congress in 2004-2010, found outperformance of 22.13 to 24.16 percentage points under a one-week holding period on an annual basis. That short-term outperformance is significant, implying that the politicians were trading on time-sensitive information. Powerful Republicans, the 10 most important committees in the House or Senate, did best of all, outperforming the market by 32-36% under a one-week holding period annualized.




****************
TrumpWorld


Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.



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.” Manafort tells Russian mob he will keep them informed about “our boy.”

Trump’s group places mob ties above country; it’s about money POWER not US service.

Jr meeting with Russian mob ties to tax refund fraud scheme.



Ministry of Truth1984 novel: Government propaganda is ‘truth’
Trump advisor Jared uses personal email for gov biz just like Hillary; Don still complains
Trump’s advisor Cohn: “I can’t guarantee won’t go up for middle class” “depends”
Trump’s mob out of touch: Americans make $100K and can buy ‘new’ car for $1000
The Don wants to resolve the Russia probe; WH has stonewalled on document request
Guns not Law—New sheriff in town: suspended twice as AL Chief Supreme Court
“GREAT” job on the hurricane-ravaged Puerto RicoHaiti got quicker help in 2010
Change tax law to benefit your class and self and say it is for middle class


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.


TrumpWorld – using presidency to make money the old fashioned way: theft
Change tax law to benefit yourself and say it is for middle class

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.

Dictators use “back to law and order” to limit rights, fill jails, fund army, follow enemies.

            N. Korea will have to explode H bomb to save face now.



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




Quid pro quo: "something for something."
Trump EPA gives Canada OK for gold mine in Alaska’s Bristol Bay: destroy watershed




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

JPMorgan caught mishandling the estate of a former American Airlines executive
Morgan Stanley caught overcharging clients on unit trusts before their time.
Equifax head retires with bundle of money form breach.
Toddler shot 2 children at a home day care facility in Detroit. Gun laying in facility.





How Govt wastes our money:
Trump’s lieutenants take private jets to meetings—the big ones not small ones
Price gives back $52,000 for $500,000 of rides to Europe/Japan

SCAMS:
Entertainment live is becoming just a dream for the American Dream class
Jared registered vote as gender Female and as gender ‘Unknown—blames assistant again
Vacation on yacht for $120 a day—latest App rip

Jobs:
Ten jobs in demand now: Speech, Ocu therapists, manager, math and science.

Who owns your account now?
SS# Equifax to Russia’s mob: Equifax President still got 18 million packet for ‘growth’

Miracle:

Rep. Steve Scalise, who was shot June 14, returned to hear floor speech: like Humpty D.

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts 

No comments: