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Abortion providers brace for new Trump funding fight


Reported

Abortion providers brace for new Trump funding fight | © Getty

The Trump administration has a new opportunity to target the funding of Planned Parenthood and other groups that provide abortions.

The Department of Health and Human Services Department (HHS) will soon set the terms for obtaining grants under Title X, a federally funded family planning program long reviled by conservatives. Officials within HHS who have been critical of Title X in the past now have the opportunity to reshape the program to fit the anti-abortion views of the administration.  

Teresa Manning, the deputy assistant secretary of the office of population affairs at HHS, which oversees Title X, is a prominent anti-abortion advocate and a former lobbyist for the National Right to Life Committee. That group led the charge for restrictions on the program under President Reagan.

“This is the administration’s first attempt to really kind of redefine what they want the family planning program to look like,” said Audrey Sandusky, communications director for the National Family Planning and Reproductive Health Association (NFPRHA), which represents Title X grant recipients.  

“We anticipate some attempt to undercut the program,” she said.

Supporters of Title X worry the administration will freeze out clinics that also provide abortions, restrict the types of services performed at clinics, limit access to some types of birth control or reduce funding for the program.

Meanwhile, anti-abortion advocates are hoping the administration will resurrect Reagan-era regulations that banned Title X providers from offering abortion referrals and counseling and from encouraging, promoting or advocating abortion as a method of family planning. This would have to be done through the rulemaking process, which could take months.

“The best thing for health care and for women is that they receive [family planning services] in a setting that’s devoid of the possibility of Planned Parenthood pushing quote unquote options, when what they’re doing is referring them to the abortion facility,” said Steve Aden, chief legal officer and general counsel at Americans United for Life, an anti-abortion advocacy group in D.C. 

“It might be next door, it might be across town. But virtually all of these clinics have affiliated abortion providers and they refer over. The best atmosphere for women would be one free of that kind of pressure.”

The Trump administration’s intent will be clear when HHS issues a funding opportunity announcement for the Title X grants. The conditions are expected to differ from the ones that were set by the Obama administration, perhaps significantly.

The amount of money at stake is significant.

The nonpartisan Congressional Budget Office estimated that Planned Parenthood and its affiliates receive about $60 million a year through the Title X program. In 2017, Congress appropriated $286 million total for the grants.

Kinsey Hasstedt, a senior policy manager at the Guttmacher Institute, which supports abortion rights, said it would be naive to think the Trump administration wouldn’t take the opportunity to “put a flag in the ground” on Title X.

“The administration has shown its cards to some degree in its opposition to abortion and providers who offer or are affiliated with abortion.” 

President Trump signed a bill earlier this year allowing states to defund Planned Parenthood for political reasons, reversing a last-minute rule signed by former President Obama. The Trump administration’s fiscal 2018 budget request also would have excluded Planned Parenthood affiliates from all forms of federal funding, but that provision has yet to pass Congress.

That leaves Title X as the most plausible route for the administration to crack down on abortion providers. While federal dollars, including Title X grants, can’t be used to pay for abortions, critics argue that the money is fungible and could still indirectly support the procedure if it goes to groups that perform abortions like Planned Parenthood.

That’s the argument for resurrecting Reagan-era restrictions requiring a physical and financial separation between Title X projects and abortion services, including separate waiting and examination rooms, separate staff and separate accounting records. 

“That’s been a really big concern I think in the pro-life community,” said Melanie Israel, a research association at the conservative Heritage Foundation. 

“Ultimately, money is fungible, and at the end of the day, those regulations were really important to make sure there was truly some separation there.” 

The Reagan-era regulations were upheld by the Supreme Court but were never fully implemented due to time-consuming legal challenges. Former President Clinton officially lifted the restrictions in one of his first executive orders. Restoring these regulations could take months, but Heritage and other groups that support them say it would make certain that absolutely no federal funds go toward abortion.

“We think the administration should be interested in ensuring that taxpayer dollars aren’t subsidizing abortion entities,” said David Christensen, vice president of government affairs at the Family Research Council.   

“Doing this would not prevent organizations like Planned Parenthood necessarily from getting Title X funds. It would mean though that the Title X family planning program would have to be physically and financially separate from an organization’s abortion activities.”

Guttmacher’s Kinsey said the possible changes to Title X would have a big impact on women, especially those living in underserved communities.  

“Any attempt to undermine this program or the providers or women’s access to affordable care would be a huge setback and would definitely impact these women in these communities and represents a really unacceptable disruption of the program.”

Massive $300 Million Plant to Be Built in the United States, Trump Wins Again


Reported By Ben Marquis | November 21, 2017 at 2:42pm

URL of the original posting site: https://conservativetribune.com/massive-plant-built-trump-wins/?

President Donald Trump was elected in large part on a promise to revitalize our nation’s economy through pro-business and pro-growth policies that would produce countless new jobs for American workers. Though Congress has been dragging its feet when it comes to economy-boosting tax cuts and reform legislation, Trump’s administration has done what it can to spur job growth through cutting regulations and fostering confidence among businesses and consumers.

Fox Business reported this week that Tyson Foods, one of the biggest food companies in the world, will be building a massive new plant in Tennessee. The plant will cost an estimated $300 million to build and will provide for at least 1,500 new jobs processing more than 1.25 million chickens per week. The plant is expected to generate upwards of $150 million in additional revenue for the state.

“This project will enable us to provide even more fresh chicken to consumers across the country,” Tyson Foods president and CEO Tom Hayes said in a news release. “As one of the world’s leading protein companies, we continue to raise the world’s expectations of how much good food can do.”

The new plant, which is expected to begin operations in 2019, was initially planned as an even bigger facility in Kansas, but was ultimately shifted to Tennessee after local residents expressed opposition in Kansas.

“The (Tennessee) location is attractive to us because of the strong support we’ve received from state and local leaders, the existing industrial park and availability of labor, as well as access to feed grains produced in the region,” stated Doug Ramsey, group president of Poultry for Tyson Foods.

Meanwhile, Fox Business also noted that progress is already underway in Tennessee for construction of a massive, one million square foot factory in which LG Electronics will manufacture new washing machines. That plant is also expected to be operational in 2019.

But even though Kansas may have been passed over as the initial choice for the new Tyson chicken plant, the company still has its eye on the state for an additional expansion in the future, according to The Kansas City Star, meaning even more jobs and economic growth in the years to come.

“We have been fully aware they were considering multiple locations and planning to build more than one new complex,” explained Jackie McClaskey, Kansas’ secretary of agriculture. “We anticipate positive news in 2018 as we continue to work with multiple Kansas communities and Tyson.”

Even as plans for the one plant in Leavenworth County were placed on hold due to local opposition, other communities have expressed interest in being home to a new Tyson plant that will bring in jobs and revenue.

Nor are there any hard feelings — at least in public — at being initially passed over for a new Tyson plant, as the Kansas Department of Agriculture issued a statement congratulating both Tyson and Tennessee on working out a deal, with an obvious eye toward working together in the future.

“Consumer demand drives growth in the food and agriculture industry, and we have been aware throughout our own discussions with Tyson Foods that their expansion plans included multiple facilities in more than one state, so this announcement was not unexpected,” said department spokeswoman Heather Lansdowne.

“We look forward to continuing to work with Tyson Foods as they further evaluate expansion of their poultry business unit growth opportunities in Kansas,” she added.

Meanwhile, as American businesses expand manufacturing capacity here at home, Trump secured dozens of business deals with foreign nations such as China during his recent trip to Asia, according to CNBC.

It was estimated that, of just 37 deals struck with Chinese companies alone, roughly $250 billion will flow into the U.S. economy as a result.

Left unspecified are similar deals struck with businesses in the other nations Trump visited that could also result in tens of billions more in tax revenue initially and create an untold number of jobs.

This is what Trump was talking about when he repeatedly promised to Make America Great Again.

Trump Returning to US with Over $250 Billion in Deals, China Announces ‘This Is Truly A Miracle’


Reported By Jack Davis | November 9, 2017 at 12:49pm

URL of the original posting site: https://www.westernjournalism.com/trump-returning-to-us-with-over-250-billion-in-deals-china-announces-this-is-truly-a-miracle/?

President Donald Trump announced Thursday roughly $250 billion in deals between American businesses and China. On his final day in Beijing, Trump and China’s President Xi Jinping oversaw a ceremony in which corporate giants such as Boeing and Qualcomm signed multibillion-dollar deals.

“This is truly a miracle,” China’s Commerce Minister Zhong Shan said at a news briefing in Beijing.

Trump said Thursday he was looking forward to a change in the U.S.-China relationship.

“Discussing trade … knowing that the United States really has to change its policies because they’ve gotten so far behind on trade with China and frankly with many other countries,” he said.]

“And I have great respect for you with that because you’re representing China. But it’s too bad that past administrations allowed it to get so far out of kilter. But we’ll make it fair and it’ll be tremendous to both of us.”

Trump went out of his way to avoid alienating his host.

“Both the United States and China will have a more prosperous future if we can achieve a level economic playing field. Right now, unfortunately, it is a very one-sided and unfair one. But — but I don’t blame China,” he said. 

“After all, who can blame a country for being able to take advantage of another country for the benefit of its citizens? I give China great credit,” he said.

Trump did not cite former President Barack Obama by name, but he had him in mind.

“But, in actuality, I do blame past administrations for allowing this out-of-control trade deficit to take place and to grow. We have to fix this because it just doesn’t work for our great American companies, and it doesn’t work for our great American workers. It is just not sustainable. I look forward to working toward that goal and to pursuing fair and lasting engagement,” he said.

Trump pointed out that business connections can help create a more peaceful world.

“The contributions of the business community represented here today are vital to our efforts to ensure peace and prosperity for our two nations. Together, we can unlock a future of opportunity, wealth, and dignity far beyond anybody’s wildest dreams,” he said.

China could invest more than $100 billion into two U.S. energy projects, CNN reported.

The China Energy Investment Corp. agreed to a 20-year $83.7 billion investment in shale gas developments and chemical manufacturing projects in West Virginia.

“The massive size of this energy undertaking and level of collaboration between our two countries is unprecedented,” West Virginia Secretary of Commerce H. Wood Thrasher said in a statement, according to Reuters.

China Petroleum & Chemical Corp. and the Alaskan government will work together to develop the state’s liquefied natural gas industry in a $43 billion project that Alaska says will create up to 12,000 jobs.

Qualcomm signed agreements worth $12 billion with Xiaomi, OPPO, and Vivo, three Chinese handset makers.

Boeing will sell 300 Boeing jets to state-run China Aviation Suppliers in $37 billion deal.

Some said the deals offer a place to start a new trade relationship between the two nations.

“Generally, the sense was that this is all a good thing and that’s great,” said Gentry Sayad, a Shanghai-based lawyer who attended the trade delegation event in Beijing. “Now let’s see what really happens and whether or not the agreements signed during this trip can become a basis for a better bilateral trade relationship going forward.”

Convenient: Mueller Nails Manafort Right After Hillary – Uranium One Scandal Explodes


Reported By Martin Walsh | October 30, 2017 at 4:48pm

URL of the original posting site: https://conservativetribune.com/mueller-nails-manafort-hillary-scandal/?

Shortly after several reports have linked both former President Bill Clinton and former Secretary of State/failed Democrat presidential candidate Hillary Clinton to the Uranium One scandal, Democrats are trying to shift everyone’s attention.

As reported by the Daily Mail, Trump’s former campaign manager from the 2016 presidential election, Paul Manafort, and his partner, Rick Gates, surrendered on Monday morning following an indictment from special counsel Robert Mueller in the Russia probe.

The news comes just days after the Justice Department announcement Thursday that it would lift a gag order on a secret FBI informant who has firsthand knowledge of the Uranium One deal involving the Clintons.

According to Townhall, the informant’s identity will remain anonymous, but they will be speaking with the Senate Judiciary Committee on how the Clintons benefited from selling U.S. uranium to a company connected to Russia.

Mueller’s indictments of former Trump officials come just days after an explosive report from The Hill, which detailed how Clinton approved the partial sale of Canadian mining company Uranium One to Russian nuclear company Rosatom, giving Russia 20 percent of the United States’ uranium.

Both The New York Times and New York Daily News reported that officials associated with the sale donated a reported $145 million to the Clinton Foundation, and Bill Clinton was given $500,000 from a bank with ties to the Kremlin for giving a single speech in Moscow.

As detailed by a report from The Hill, the FBI had collected a plethora of documents showing that Russia officials involved with the Uranium One deal were engaged in extortion, bribery, kickbacks, and money laundering prior to the Obama administration — with Clinton’s help at the State Department — approving the deal in 2010.

The FBI agents also supplanted a U.S. witness to work closely with the Russian nuclear industry to gain inside access to financial records, collect emails, and make secret recordings on how Moscow violated the Foreign Corrupt Practices Act.

And yet, the Obama administration approved the sale and agreed to do business with the corrupt Russia company to sell 20 percent of the U.S.’ uranium.

Senate Judiciary Committee Chairman Chuck Grassley said last week he wanted the Department of Justice to appoint a special prosecutor to investigate the Uranium One sale and the Obama administration’s involvement with the deal.

In light of the bombshell report exposing Obama and Clinton for carrying out a shady deal with Russia, Mueller conveniently decided to announce indictments that would move the spotlight back to someone else.

Grassley’s call for a special prosecutor into the Clinton Foundation allowing foreign governments to influence American policy while the Clintons gained personally is a bombshell story the must be investigated, but the mainstream media conveniently distracted everyone from this corruption with Mueller’s recent announcement.

H/T Townhall

Deportations Up 34 Percent Since Trump, Over Half Were Criminals


Reported By V Saxena | October 26, 2017 at 2:13pm

URL of the original posting site: https://conservativetribune.com/deportations-up-since-trump/?

During the first nine months of President Donald Trump’s presidency, U.S. immigration authorities deported 34 percent more illegals from the interior than were deported during the same period of time the previous year.

U.S. Immigration and Customs Enforcement agents specifically deported 54,000 illegals from the interior, though an additional 88,818 illegals were deported directly from the border as well, according to The Washington Post.

Moreover, of the total 142,818 illegals deported from both the border and the interior from Jan. 22 to Sept. 9, an astonishing 83,254 were known criminals.

According to Kevin K. McAleenan, the acting chief of U.S. Customs and Border Protection, this strategy — which revolves around both ridding the nation of illegals and also disincentivizing other illegals from trying to cross into America — appears to be working like a charm.

“We are fully tallying our 2017 results but in all likelihood it’s going to be the lowest level of illegal crossings between ports of entry in over 45 years,” he said this week at a Senate Finance Committee hearing, as reported by The Washington Times.

“The clear intent to enforce immigration law has resulted in a significant reduction of crossings,” he added. However, he cautioned that “there are still some fundamental aspects of the system that need to be addressed.”

Correct.

We need a border wall, as well as mandatory E-Verify, enhanced border surveillance and other measures to deter foreigners from even thinking about heading for the United States illegally. A 70-point immigration plan unveiled by the Trump administration earlier this month contained some of these.

Likewise, a recent poll found that a majority of Americans support the president’s immigration reform plans.

Despite charges from Democratic leaders like Sen. Chuck Schumer and Rep. Nancy Pelosi that the ‘vast majority of Americans’ decry Trump’s America First focus, the new survey shows that many of the president’s policies are supported by 70 percent to 80 percent of the public,” the Washington Examiner reported at the time.

Deportations are up, border crossings are down and prototypes for the president’s wall have begun to be built. Who could possibly be unhappy about any of this?

Only liberals, of course.

FBI uncovered Russian bribery plot before Obama administration approved controversial nuclear deal with Moscow


Reported

 
 
 

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.

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Rather than bring immediate charges in 2010, however, the Department of Justice (DOJ) continued investigating the matter for nearly four more years, essentially leaving the American public and Congress in the dark about Russian nuclear corruption on U.S. soil during a period when the Obama administration made two major decisions benefiting Putin’s commercial nuclear ambitions.The first decision occurred in October 2010, when the State Department and government agencies on the Committee on Foreign Investment in the United States unanimously approved the partial sale of Canadian mining company Uranium One to the Russian nuclear giant Rosatom, giving Moscow control of more than 20 percent of America’s uranium supply.

When this sale was used by Trump on the campaign trail last year, Hillary Clinton’s spokesman said she was not involved in the committee review and noted the State Department official who handled it said she “never intervened … on any [Committee on Foreign Investment in the United States] matter.”

In 2011, the administration gave approval for Rosatom’s Tenex subsidiary to sell commercial uranium to U.S. nuclear power plants in a partnership with the United States Enrichment Corp. Before then, Tenex had been limited to selling U.S. nuclear power plants reprocessed uranium recovered from dismantled Soviet nuclear weapons under the 1990s Megatons to Megawatts peace program.

“The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns. And none of that evidence got aired before the Obama administration made those decisions,” a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U.S. or Russian officials.

The Obama administration’s decision to approve Rosatom’s purchase of Uranium One has been a source of political controversy since 2015. That’s when conservative author Peter Schweitzer and The New York Times documented how Bill Clinton collected hundreds of thousands of dollars in Russian speaking fees and his charitable foundation collected millions in donations from parties interested in the deal while Hillary Clinton presided on the Committee on Foreign Investment in the United States.

The Obama administration and the Clintons defended their actions at the time, insisting there was no evidence that any Russians or donors engaged in wrongdoing and there was no national security reason for any member of the committee to oppose the Uranium One deal.

But FBI, Energy Department and court documents reviewed by The Hill show the FBI in fact had gathered substantial evidence well before the committee’s decision that Vadim Mikerin — the main Russian overseeing Putin’s nuclear expansion inside the United States — was engaged in wrongdoing starting in 2009.

Then-Attorney General Eric Holder was among the Obama administration officials joining Hillary Clinton on the Committee on Foreign Investment in the United States at the time the Uranium One deal was approved. Multiple current and former government officials told The Hill they did not know whether the FBI or DOJ ever alerted committee members to the criminal activity they uncovered.

Spokesmen for Holder and Clinton did not return calls seeking comment. The Justice Department also didn’t comment.

Mikerin was a director of Rosatom’s Tenex in Moscow since the early 2000s, where he oversaw Rosatom’s nuclear collaboration with the United States under the Megatons to Megwatts program and its commercial uranium sales to other countries. In 2010, Mikerin was dispatched to the U.S. on a work visa approved by the Obama administration to open Rosatom’s new American arm called Tenam.

Between 2009 and January 2012, Mikerin “did knowingly and willfully combine, conspire confederate and agree with other persons … to obstruct, delay and affect commerce and the movement of an article and commodity (enriched uranium) in commerce by extortion,” a November 2014 indictment stated.

His illegal conduct was captured with the help of a confidential witness, an American businessman, who began making kickback payments at Mikerin’s direction and with the permission of the FBI. The first kickback payment recorded by the FBI through its informant was dated Nov. 27, 2009, the records show.

In evidentiary affidavits signed in 2014 and 2015, an Energy Department agent assigned to assist the FBI in the case testified that Mikerin supervised a “racketeering scheme” that involved extortion, bribery, money laundering and kickbacks that were both directed by and provided benefit to more senior officials back in Russia.

“As part of the scheme, Mikerin, with the consent of higher level officials at TENEX and Rosatom (both Russian state-owned entities) would offer no-bid contracts to US businesses in exchange for kickbacks in the form of money payments made to some offshore banks accounts,” Agent David Gadren testified.

“Mikerin apparently then shared the proceeds with other co-conspirators associated with TENEX in Russia and elsewhere,” the agent added.

The investigation was ultimately supervised by then-U.S. Attorney Rod Rosenstein, an Obama appointee who now serves as President Trump’s deputy attorney general, and then-Assistant FBI Director Andrew McCabe, now the deputy FBI director under Trump, Justice Department documents show.

Both men now play a key role in the current investigation into possible, but still unproven, collusion between Russia and Donald Trump’s campaign during the 2016 election cycle. McCabe is under congressional and Justice Department inspector general investigation in connection with money his wife’s Virginia state Senate campaign accepted in 2015 from now-Virginia Gov. Terry McAuliffe at a time when McAuliffe was reportedly under investigation by the FBI.

The connections to the current Russia case are many. The Mikerin probe began in 2009 when Robert Mueller, now the special counsel in charge of the Trump case, was still FBI director. And it ended in late 2015 under the direction of then-FBI Director James Comey, whom Trump fired earlier this year.

Its many twist and turns aside, the FBI nuclear industry case proved a gold mine, in part because it uncovered a new Russian money laundering apparatus that routed bribe and kickback payments through financial instruments in Cyprus, Latvia and Seychelles. A Russian financier in New Jersey was among those arrested for the money laundering, court records show.

The case also exposed a serious national security breach: Mikerin had given a contract to an American trucking firm called Transport Logistics International that held the sensitive job of transporting Russia’s uranium around the United States in return for more than $2 million in kickbacks from some of its executives, court records show.

One of Mikerin’s former employees told the FBI that Tenex officials in Russia specifically directed the scheme to “allow for padded pricing to include kickbacks,” agents testified in one court filing.

Bringing down a major Russian nuclear corruption scheme that had both compromised a sensitive uranium transportation asset inside the U.S. and facilitated international money laundering would seem a major feather in any law enforcement agency’s cap. But the Justice Department and FBI took little credit in 2014 when Mikerin, the Russian financier and the trucking firm executives were arrested and charged. The only public statement occurred a year later when the Justice Department put out a little-noticed press release in August 2015, just days before Labor Day. The release noted that the various defendants had reached plea deals.

By that time, the criminal cases against Mikerin had been narrowed to a single charge of money laundering for a scheme that officials admitted stretched from 2004 to 2014. And though agents had evidence of criminal wrongdoing they collected since at least 2009, federal prosecutors only cited in the plea agreement a handful of transactions that occurred in 2011 and 2012, well after the Committee on Foreign Investment in the United State’s approval.

The final court case also made no mention of any connection to the influence peddling conversations the FBI undercover informant witnessed about the Russian nuclear officials trying to ingratiate themselves with the Clintons even though agents had gathered documents showing the transmission of millions of dollars from Russia’s nuclear industry to an American entity that had provided assistance to Bill Clinton’s foundation, sources confirmed to The Hill.

The lack of fanfare left many key players in Washington with no inkling that a major Russian nuclear corruption scheme with serious national security implications had been uncovered.

On Dec. 15, 2015, the Justice Department put out a release stating that Mikerin, “a former Russian official residing in Maryland was sentenced today to 48 months in prison” and ordered to forfeit more than $2.1 million.

Ronald Hosko, who served as the assistant FBI director in charge of criminal cases when the investigation was underway, told The Hill he did not recall ever being briefed about Mikerin’s case by the counterintelligence side of the bureau despite the criminal charges that were being lodged.

“I had no idea this case was being conducted,” a surprised Hosko said in an interview.

Likewise, major congressional figures were also kept in the dark.

Former Rep. Mike Rogers (R-Mich.), who chaired the House Intelligence Committee during the time the FBI probe was being conducted, told The Hill that he had never been told anything about the Russian nuclear corruption case even though many fellow lawmakers had serious concerns about the Obama administration’s approval of the Uranium One deal.

“Not providing information on a corruption scheme before the Russian uranium deal was approved by U.S. regulators and engage appropriate congressional committees has served to undermine U.S. national security interests by the very people charged with protecting them,” he said. “The Russian efforts to manipulate our American political enterprise is breathtaking.”

Indictment Affidavit by M Mali on Scribd

https://www.scribd.com/embeds/361782806/content?start_page=1&view_mode=scroll&access_key=key-1KruSlw1gQLLv68Bb1ZB&show_recommendations=true

 

Warrant Affidavit by M Mali on Scribd

https://www.scribd.com/embeds/361783030/content?start_page=1&view_mode=scroll&access_key=key-N455a4bz5qQFSYWLdHvG&show_recommendations=true

 

 

Mikerin Plea Deal by M Mali on Scribd

https://www.scribd.com/embeds/361783782/content?start_page=1&view_mode=scroll&access_key=key-9FqAb64N1wtBrEk5gxzZ&show_recommendations=true

Corporate Tax Cut Will Raise Middle-Class Wages


Reported 

URL of the original posting site: https://www.westernjournalism.com/corporate-tax-cut-will-raise-middle-class-wages/?

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A study released Monday by Kevin Hassett, President Donald Trump’s chief economist, gives a boost to Trump’s proposed corporate tax cut. The study shows that if the tax cut is implemented, the average family could see an income boost in the thousands of dollars.

The tax cut would lower the current rate of 35 percent to 20 percent. Based on “conservative estimates,” this decrease would boost the average household income by $4,000, the paper said. But more “moderate estimates” reveal increases of $9,000 per family.

“Put simply, capital deepening, which brings additional returns to the owners of capital, brings substantial returns to workers as well,” said the paper, which studied evidence from other countries that have lowered their corporate tax rates.

But Democrats have disapproved of Trump’s proposed tax cut from the start. They believe it will not benefit ordinary families, but only business themselves.

The new study will allow Republicans to offer a rebuttal.

Hassett, the chair of the White House Council of Economic Advisers, insists that American families would benefit the most from significantly lower corporate tax rates, more so than the companies themselves.

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“America’s broken corporate tax system creates incentives for firms to hold their money outside of our borders,” Hassett told reporters on Sunday, according to the Washington Examiner. “When firms hold their money overseas rather than invest them in America, they’re holding down the productivity of the American economy and the wages of American workers.”

The United States has one of the highest corporate tax rates in the world, leading many companies to keep their profits abroad in lower-tax countries to avoid significant tax hits back home.

By cutting the tax rate, the idea is that companies would then invest more within the United States. This would cause a boost in productivity throughout the country.

This productivity would then boost wages, according to Hassett’s study.

“More assets like machines let workers produce more, and when workers can produce more, businesses can afford to pay their workers more,” Hassett said, as reported by The Hill. 

But some economists and tax policy experts have voiced their concerns about the tax cut directly benefiting workers. Although they agree this would attract companies to invest more in the United States economy, they cannot predict how much money will bring back home. There is also concern over what corporations will do with their tax savings.

Trump announced his tax proposal during a September a speech in Indianapolis. Calling it a “revolutionary change,” he said it would boost wages to “levels that you haven’t seen in many years,” according to The New York Times. 

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