Nel's New Day

October 13, 2018

DDT: Weeks 89-90 – Downward Spiral

The past two weeks have dropped the United States into the basement of “rock bottom” with the chance that things will worsen. Serial-liar, beer lover Brett Kavanaugh now sits on the U.S. Supreme Court where his partisan agenda will reward the wealthy and businesses while destroying workers, women, and diversity. Dictator Donald Trump (DDT) wants to take away all rights to protest and calls protesters the “angry left-wing mob.” Republicans who rewarded the violence of the Tea Party for the past decade now claim to be victims of people, primarily women, who march and shout objections. GOP senators rewarded Kavanaugh’s unhinged anger during his last testimony but demand quiet from the people who Kavanaugh will persecute.

Kavanaugh won a life-time confirmation after Sen. Susan Collins (R-ME) “consented,” according to the Wall Street Journal, to his abusive behavior. Her “evidence” against accusations from hundreds of his classmates was a telephone call from Kavanaugh when he said he was innocent. The victors talk about “innocent until proved guilty,” but the hearings were a job interview, not a trial. The only appearance of a trial was questioning of Christine Blasey Ford by the taxpayer-provided, GOP-employed female sex-crimes prosecutor who was set up for a better photo-op to eleven old white male senators on the Judiciary Committee. One justification for Kavanaugh’s protestations was DDT’s vicious false mocking of Ford’s testimony about the night that Kavanaugh sexually assaulted her. Laughter from DDT’s brutish audience echoes in the same way that Ford remembers from her assaulters, Kavanaugh and Mark Judge.

“Women are doing great,” DDT, accused by 19 women of sexual misconduct or extramarital affairs, told reporters by claiming a “scary time for young men.” He obviously meant white men because he has attacked boys of color and failed to help innocent blacks attacked by law enforcement. DDT also restricted the FBI investigation to only nine witnesses, primarily Kavanaugh’s friends. The “doing great” for women means that Kavanaugh’s exoneration will open up more freedom for males to sexually assault women.

DDT hates both protesters and journalists but loves Saudi Arabia, reasons that he has almost nothing to say about the possibility that a large Saudi murder squad killed and dismembered journalist Jamal Khashoggi in its Turkey embassy. For the first eleven days, DDT either ignored the problem about a resident of the United States being killed on foreign ground, saying, “I don’t like hearing about it. And hopefully that will sort itself out.” He justified his indifference with the excuse that he doesn’t want to hurt the deal for Saudi Arabia to buy U.S. arms and that Khashoggi is only a U.S. resident and not a citizen. DDT said he might call Saudi leader Mohammad bin Salman to ask him if he is responsible. Before Khashoggi went to the embassy to get paperwork allowing him to marry his finance, U.S. intel had information about his possible fate but did not warn the reporter that he was in danger.

In a striking coincidence, Turkey just released the Christian pastor Andrew Brunson after convicting him of spying and aiding terrorists. DDT said about the dictatorship that he has continually supported, “We feel much different about Turkey today than we did yesterday.” Evangelicals are very happy. DDT asked Brunson’s wife who she voted for and was delighted when she said she voted for him.  Brunson added that he completed an absentee ballot while he was in prison.

In his determination to be above the law and isolate the United States, DDT withdrew from two international agreements because Iran and the Palestinians complained to the International Court of Justice. Iran argued that U.S. sanctions violated the 1955 Treaty of Amity with its sanctions, and Bolton also withdrew from the 1961 Vienna Convention of Diplomatic Relations after a complaint from Palestine. The administration plans to review with any international agreements with the goal of withdrawing from them.

DDT managed to change the NAFTA trade agreement into the USMCA to give huge advantages to big business and make life less safe for the people of the United States:

  • Lack of food safety.
  • Giveaways to agrochemical industry such as Monsanto and Dow by hiding pesticide safety data.
  • Rise in drug prices for customers with profits for the pharmaceutical industry.
  • Promotion of more pipelines and exports of coal and natural gas to expand fracking in the U.S.
  • Limits on investor-state dispute settlement (ISDS) so that corporations can override environmental protections.
  • Removal of “Buy America” and “Buy Local” laws by giving Canada and Mexico equal access to U.S. government contracts.
  • Additional opportunity for corporations to challenge proposed regulations and repeal existing regulations.
  • Limits inspections of foods allowing the importation of food failing to meet U.S. safety standards.
  • Lack of enforcement mechanisms for workers.
  • Ability of corporations to sue governments if any laws or regulations reduce their profits.

Congress still has to approve DDT’s agreement, but Republicans are sure to vote in favor. Sen. Joni Ernst (R-IA)  already praised the bill as a win for Iowans before she said, “We haven’t seen the negotiated texts of the language.” The new treaty’s change to intellectual property agreements came from the Trans-Pacific Partnership (TPP) which DDT dropped during his first week and Ernst hated. Branding is the most important piece of policy to DDT: he hasn’t made any changes to help the United States, but he renamed the agreement.

At the same time as his disastrous performance at the UN when the Assembly laughed at him, DDT got “very excited” about his “new trade agreement” with South Korea, calling it a “brand-new agreement.” It isn’t. President Obama reached the original KORUS agreement in 2012; DDT just revised a few provisions.

Despite the money that big business poured into the stock market from its massive tax cuts, the indexes appeared unstable during the past week. DDT is blaming the increase in interest rates and described the Fed as “crazy,” “loco.” Other problems for the stock market come from China, not only DDT’s tariff war but also the possibility that China is manipulating it currency. Lowering the value of renminbi against the dollar can make exports cheaper after DDT’s tariffs, keeping products less expensive to sell in the U.S. Dollars would then be worth more, causing higher prices of U.S. products in China. DDT hopes to control China so that it will sign a trade agreement favorable to the U.S. Meanwhile, Sen. Lindsey Graham (R-SC) is trying to manipulate DDT by exchanging his raging against Kavanaugh’s opponents with exemption of tariffs on his state’s textile industry.

Last week, DDT sent VP Mike Pence to the Hudson Institute, a conservative U.S. think tank, to attack China for its “predatory” economic practices, military aggression against the U.S., and damaging DDT’s chances for winning the 2020 election. An official said that DDT is creating a “constructive and results oriented” policy toward China. Pence also accused the Chinese of surveilling its citizens, oppressing religious minorities, and spending too much money on the military. A goal of the speech was to convince people that China is behind the election interference, not Russia, although U.S. intel has identified Russia as helping to swing the 2016 presidential election and hacking U.S. voting systems. China strongly disagreed with Pence’s points. DDT may have created a new Cold War without having his name attached.

The disasters of the past two weeks largely covered the news about DDT’s financial corruption and lies regarding his wealth. A 46-page report from the New York Times details DDT’s acquisition of wealth from his father’s attempts to defraud the IRS through giving him money, $1 million by the time he was eight years old—the same amount that he claimed was the only money he got from his father and then repaid it with interest. The “small loan” of $1 million was at least $60.7 million with most of it not repaid. The report indicates that he received $413 million in today’s worth from his father, much of it from tax dodges in the 1990s. DDT’s business dealings constantly failed, and his father constantly bailed him out as well as giving him a stake in a group of apartment buildings that DDT used as collateral for an emergency line of credit.

Voters picked DDT because of his claim to be a highly successful businessman, but in fact he has always been a failure. As for creating jobs with his businesses, he frequently failed to pay the people who worked for him. DDT is both a con and a fraud.

DDT repeatedly says that “the United States is respected again.” Polls show differently, with the steepest drop in Europe and Latin America.

* 70% of people around the world lack confidence in Trump.

* Chinese President Xi Jinping and Russian President Vladimir Putin are both held in higher regard internationally than Trump.

* DDT may have improved in a few countries such as Japan, but he still below President Obama.

*A majority of people in the U.S. think that the U.S. is less respected now than in the past.

* The percentage of Russians confident that DDT will “do the right thing regarding world affairs” plummeted over the last year from 53 percent to 19 percent.

As Brett Kavanaugh spends his first week in office, his disapproval rating is at 51 percent.

July 23, 2012

Corporations Dodge Taxes

Filed under: Uncategorized — trp2011 @ 8:38 PM
Tags: , , ,

Conservatives incessantly complain about how the United States has the highest corporate tax rate in the world. Rate, maybe. Taxes, not at all. This was clarified again when Susan Ford, a senior executive Corning Inc., testified last week to the House Ways and Means Committee in its ongoing hearing on “tax reform and the U.S. manufacturing sector.”

During 2008-2011, Corning Inc. earned $3 billion dollars. During that time period, it paid $0 in U.S. income tax.  During that same time period, it also received a $4 million tax refund.  Ford’s testimony was that the company paid an effective U.S. tax rate of 36 percent and a foreign tax rate of 17 percent. The 36 percent figure (probably highly inflated) comes from taxes on profits earned overseas that haven’t yet been paid and won’t be unless the company decides to bring the money back to the United States.  “Effective tax rate” subtracts the taxes that are paid to a foreign country. So Ford is saying that Corning paid all these taxes (if indeed they did!) to a foreign country with nothing left over for the United States.

In fact, Corning paid -0.2 percent taxes. And this company is not alone in its ability to pay negative federal income taxes: 26 of 30 major businesses begging to have their taxes lowered also paid negative federal income tax rates. The U.S. could make a fortune if the government eliminated tax havens and loopholes.

The “effective tax rate” for corporations in 2011 was 12.1 percent, a 40-year low and far below the rate for middle-class people in this country. Real wages for 98 percent of the people in the United States fell 2 percent in 2011 while employees worked longer hours without raises, took pay cuts, and gave up benefits just to keep their jobs. The system that Ford testified in favor of would not only allow huge corporations to take more money from the taxpayers but also move another 800,000 jobs offshore from the United States.

Those with the most money are able to evade taxes. They are the ones who control government. Mitt Romney is a prime example of this problem.

The other point is that tax cuts result in job losses, not gains. Higher taxes during the 1990s produced more employment; the Bush tax cuts in the 2000s started a decline in employment which hasn’t been overcome because the tax cuts continued in 2010. If the United States doesn’t increase taxes for the wealthy and deadbeat corporations, it will continue to punish the people without jobs.

Civil Rights Advocacy

Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. -- Margaret Mead

AGR Daily 60 Second News

Transformational News; What Works For Seven Future Generations Without Causing Harm?

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Jennifer Hofmann

Inspiration for soul-divers, seekers, and activists.

Occupy Democrats

Progressive political commentary/book reviews for youth and adults

V e t P o l i t i c s

politics from a liberal veteran's perspective

Margaret and Helen

Best Friends for Sixty Years and Counting...

Rainbow round table news

Official News Outlet for the Rainbow Round Table of the American Library Association

The Extinction Protocol

Geologic and Earthchange News events

Central Oregon Coast NOW

The Central Oregon Coast Chapter of the National Organization for Women (NOW)

Social Justice For All

Working towards global equity and equality

Over the Rainbow Books

A Book List from Gay, Lesbian, Bisexual, and Transgender Round Table of the American Library Association

The WordPress.com Blog

The latest news on WordPress.com and the WordPress community.

%d bloggers like this: