Tag: taxes

Week 59 in Trump

Posted on March 12, 2018 in Politics, Trump

As always, it was a busy week. But this piece of news jumped out at me. A report from Trump’s own Office of Management and Budget (OMB) concludes that regulations aren’t job killers after all and that their benefits outweigh their costs. The study looked at the decade from 2006 to 2016, and here are a few findings:

  • Benefits were estimated at $219 – $695 billion; costs were estimated at $59 – $88 billion. Even the most conservative benefit estimate is much higher than the most generous cost estimate.
  • Environmental regulations have both the highest costs and the highest benefits.
  • Air quality regulations redistribute wealth downward (because polluters could otherwise get away with polluting in poorer neighborhoods).
  • Regulations don’t have a noticeable effect on job gains or losses.

And here’s what else happened this week in politics…

Russia:

  1. Trump campaign aide Sam Nunberg refuses to comply with Mueller’s subpoena. And then Nunberg goes on a talk-show blitz, becoming so erratic that one interviewer asks him if he’s drunk. At the end of the day he says he’ll probably comply with Mueller.
    • He says that, based on his conversation with Mueller, he thinks Trump probably did something wrong.
    • He also thinks Trump had prior knowledge of Don Jr.’s meeting with a Russian lawyer.
  1. By the end of the week, Nunberg testifies to the grand jury.
  2. An escort from Belarus who’s in jail in Bangkok says she has over 16 hours of recordings of a Russian oligarch discussing meddling in our elections. She’s ready to hand them over to the U.S. if we’ll give her asylum.
  3. Mueller’s grand jury issues subpoenas for all communications involving Trump associates from November 2015 to the present. Among others, it covers Carter Page, Steve Bannon, Hope Hicks, Corey Lewandowski, Paul Manafort, Rick Gates, Sam Nunberg, Keith Schiller, Roger Stone, and Michael Cohen.
  4. After the 2016 elections, Russian trolls targeted Mitt Romney in an effort to make sure he didn’t become Secretary of State. The trolls called him a globalist puppet and even organized rallies and spread petitions against him. Christopher Steele also says Russia asked Trump not to nominate him because they wanted someone less likely to implement sanctions.
  5. Denis McDonough, Obama’s former chief of staff, says that Mitch McConnell insisted on watering down a bipartisan effort to get states to increase election security. The effort was to help states guard specifically against Russian attacks.
  6. Trump agrees to speak with Mueller as long as Mueller promises to end his investigation within two months of the interview.
  7. Senate investigators bring social media sites Tumblr and Reddit into their investigation after they find documents showing that Tumblr accounts had ties to a Russian troll farm. Reddit had already shut down accounts suspected of being Russian trolls.
  8. Mueller meets with George Nader, an advisor to the United Arab Emirates. In January 2017, Nader met with Erik Prince, founder of Blackwater, and an investor linked to Putin in the Seychelles. Nader was representing the UAE crown prince at the meeting, and he’s now cooperating with Mueller. The UAE believed that Erik Prince represented Trump and that the Russian represented Putin.
  9. Erik Prince claims the meeting was a chance encounter.
  10. Mueller requests documents and speaks to witnesses about Trump lawyer Michael Cohen. Mueller’s interested in negotiations in 2015 to build a Trump Tower in Moscow, and in a Russian-friendly peace proposal for the Ukraine given to Cohen by a pro-Russian Ukrainian politician a week after Trump took office.
  11. U.S. intelligence will announce sanctions against the 13 Russians charged by Mueller.
  12. Trump says that Russia did meddle in the elections and that we need to be vigilant to prevent foreign agents from interfering in the future.
  13. Trump has asked at least two witnesses in the Mueller probe what they talked to Mueller about.
  14. Paul Manafort pleaded not guilty to the 18 latest charges against him.
  15. I’m not sure if this is Russia related, but the day after Hope Hicks resigns, she tells the House Intelligence Committee that her emails were hacked.
  16. Russia claims to have completed a successful test launch of a hypersonic missile that can travel at 10 times the speed of sound.
  17. Corey Lewandowski meets with the House Intelligence Committee.

Courts/Justice:

  1. The Department of Justice sues California over its sanctuary laws.

Healthcare:

  1. Doctors in Canada ask that their salary increases instead go to other medical workers, like nurses and technicians. Crazy socialists.
  2. Federal regulators tell Idaho that they can’t go ahead with their plans to offer health insurance plans that don’t meet ACA guidelines. But Trump offers them a workaround by expanding the allowed duration of short-term policies. Idaho’s original plans violated at least eight ACA guidelines.

International:

  1. Kim Jong-un tells South Korean officials that he’s willing to negotiate with the U.S. on nuclear issues. He even says he’s willing to meet with Trump. Background: North Korea leaders have wanted to meet with a sitting president for decades, but because it’s so important to North Korea, the U.S. holds back on accepting the offer in order to use it as a bargaining chip.
  2. Trump says he accepts Kim Jong-un’s offer to meet, effectively taking that bargaining chip off the table.
  3. Then the White House walks this back, saying the two won’t meet unless we get some concessions from North Korea first.
  4. Once again, Trump is looking at ways to retaliate against Syria after recent chemical attacks by their government.
  5. The European Union rejects Theresa May’s trade proposal for after the United Kingdom’s exit from the EU is complete. The EU sees no reason for the UK to get all the benefits of EU membership without any of the cost.
  6. Jared Kushner meets with Mexico’s President Pena Nieto without the presence of the Mexican ambassador. Kushner has no experience in U.S. – Mexico relations.
  7. China eliminates term limits, effectively giving Xi Jinping the opportunity to be in power indefinitely.

Legislation/Congress:

  1. House Republicans vote down a bill that would have forced Trump to release his tax returns.
  2. Florida legislators pass gun control measures. The bill:
    • Allows teachers to be armed if they’ve had at least 144 hours of training.
    • Raises the legal age to buy a gun to 21.
    • Adds a three-day waiting period for gun purchases.
    • Increases funding for mental health services in schools.
    • Increases funding for school security.
    • Bans bump stocks.
    • Allows law enforcement to petition courts to prevent people from owning guns if they are seen to pose a threat.
    • Allows officers to confiscate someone’s guns in certain situations.
    • Prevents people who have been institutionalized from owning a gun until they’re cleared.
  1. The Maryland Senate approves a bill requiring presidential candidates to release their taxes in order to be on the ballot. The constitutionality of this bill is not clear.
  2. The Illinois House has passed gun bills that would ban bump stocks, raise the legal age to buy a gun, and increase the waiting period when purchasing a gun. These bills are now in Senate committee.
  3. Washington state bans bump stocks.
  4. Florida passes a law banning marriage to those under 17. A surprising number of states allow young teens to marry, some with the permission of parents. This is how you end up with girls as young as 13 married to much older men (aka statutory rape).
  5. Legislators in West Virginia vote to eliminate the Department of Education and the Arts in order to pay for the 5% increase in teacher wages. This is largely seen as a revenge move.
  6. At the same time, West Virginia legislators vote to put work requirements on SNAP recipients.

Travel Ban/Immigration/Discrimination:

  1. A court orders Bank of America to pay over $2 million in back wages to 1,147 African American job applicants. The judge finds that BofA’s Charlotte office was guilty of racial discrimination, routinely showing preference for white applicants.
  2. The Department of Housing and Urban Development removes language from their mission statement that promised to create inclusive communities free of discrimination.
  3. The deadline for DACA comes and goes, and we’re no closer to an agreement on immigration. However, the courts have blocked Trump’s order rescinding DACA, so they’re safe for now (but still wake up every day uncertain about their futures and their families’).
  4. The ACLU sues the Trump administration to stop them from separating parents and young children arriving at our borders.
  5. 22 GOP senators reintroduce a bill that would let people who are against same-sex marriage ignore federal anti-discrimination laws.

Climate/EPA:

  1. Ryan Zinke withdraws 26 parcels of land in Montana from a gas and oil auction, but leaves in 83 parcels. The withdrawal is the result of threats of lawsuits from environmental groups concerned about the Yellowstone River.
  2. Ryan Zinke says the Department of the Interior should partner with oil and gas companies who want to drill on public land. He also says that long regulatory reviews with uncertain outcomes are un-American. If reviews had certain outcomes, then reviews wouldn’t be necessary, right?
  3. The Republican-backed spending bills going through Congress include more than 80 anti-environmental riders. Last year, Democrats stripped out 160 anti-environmental riders from the spending bill.
  4. Trump reverses a previous stance by allowing sports hunters to import elephant trophies. He’s reversed direction here a few times.
  5. A federal appeals court rejects the Trump administration’s request to dismiss a climate change lawsuit against the government. The lawsuit was brought by a group of kids in an effort to force the government into greater action on climate change. This suit was originally brought against the Obama administration. The Trump administration argument is that the process of discovery would be too burdensome for them.
  6. Despite criticisms of Obama for not being friendly enough to oil, U.S. oil output rose from 5.6 million barrels per day in 2011 to 9.8 million in 2017.
  7. John Kelly kills Scott Pruitt’s idea of a public global warming debate between scientists. Pruitt really, really wants this, but Kelly thinks it could be a politically damaging spectacle. I wonder if that’s because he thinks global warming is real.
  8. A FOIA request reveals internal emails from the Department of the Interior showing department infighting over climate change. A press release announcing a U.S. Geological Survey study says that climate change has “dramatically reduced” the size of glaciers in Montana. The dispute is over the use of the word “dramatically” and one email accuses the climate scientists of being out of their wheelhouse. Except for this is their wheelhouse.
  9. The Keystone Pipeline springs its largest leak so far, spilling 210,00 gallons of oil in South Dakota.

Budget/Economy:

  1. Both versions of the Republican-backed spending bills in Congress would open campaigns and politics to more dark money. The Senate version would make it easier for mega-donors to give even more, and the House version would allow churches to make political donations.
  2. After Trump insists that Gary Cohn support his steel and aluminum tariff plan and Cohn refuses, Cohn resigns. Ironically he quits right after Trump says that everyone wants to work for him. Trump thinks Cohn will come back. Except a little market volatility from this.
  3. Trump announces the new tariffs will go into effect on March 23, but Canada and Mexico, which account for 25% of our steel imports, are exempt. All countries can negotiate their own exemptions.
  4. Republican Senator Jeff Flake says he’ll introduce a bill that would nullify the tariffs.
  5. Defense Secretary Jim Mattis and Secretary of State Rex Tillerson warn trade officials that the tariffs could weaken our security relationships with our allies.
  6. Economists say that despite job gains in steel and aluminum manufacturing, the tariffs will cause enough job losses in other industries to cancel the gains out.
  7. Members of Congress from both sides try to talk Trump out of implementing the tariffs, or at the very least into targeting them specifically to China. Even members of the House Freedom Caucus are split from Trump on this one.
  8. Charles Koch, whose companies manufacture steel, is opposed to this, according to his op-ed in the Washington Post.
  9. The Treasury estimates the government will borrow almost $1 trillion this fiscal year, which is the highest amount in six years. Last year, the government borrowed just over half a trillion.
  10. Here are just a handful of things Trump has done to roll back consumer financial protections:
    • Weakened the Consumer Financial Protection Bureau, which protects consumers from abuses by banks.
    • Delayed implementation of a rule that would force financial advisors and brokers to act in their client’s best interest instead of pushing investments that would enrich their own pockets.
    • Withdrawn regulations that helped protect student borrowers.
    • Dropped lawsuits and investigations into payday lenders that were charging as much as 950% interest.
    • Eased up on penalties against lenders who charge minorities higher interest rates than whites.
    • And now possibly weakening Dodd-Frank. It’s like we forgot how the recession happened.
  1. Seventeen Democrats join with Republicans to support a bill to weaken Dodd-Frank. Essentially the bill says that banks with $50 billion to $250 billion in assets are small community banks and shouldn’t be held to the same oversight as larger banks. Note that there are only 10 larger banks. This bill would allow those banks to hold riskier assets.
  2. A CBO report warns that the bill would increase the possibility of another economic collapse like we saw in 2008. Note that the probability is small under the current law and would be only slightly greater under the new one.
  3. Oh, but the bill would also increase the federal deficit by $671 million.
  4. Elaine Chao confirmed to Congress that Trump personally intervened to kill an essential tunnel project between New York and New Jersey.
  5. A group of eleven nations sign a trade pact that the U.S. originally proposed but that Trump pulled us out of. What used to be the Trans-Pacific Partnership (TPP) was originally intended to counter China’s power in the region, but the new pact fails to do that without U.S. influence.
  6. Senate Democrats announce a $1 trillion infrastructure plan that would be paid for by rolling back some of the tax cuts given to the richest Americans and largest companies in last year’s tax plan.
  7. January’s monthly U.S. trade deficit rose to its highest level since 2008. It was up 5% to $56.5 billion.
  8. The economy added a whopping 331,000 jobs in February. That’s the highest number since July of 2016. Wage gains fell, though, and the unemployment rate didn’t change from 4.1%.
  9. The tax reform bill passed last year has small errors and inconsistencies. Companies and trade groups want the Treasury and Congress to fix the bill and clarify provisions. Even the U.S. Chamber of Congress sent a letter requesting clarification. How are individual CPAs supposed to be able to work this out when even major corporations and lobbying groups can’t?
  10. Betsy DeVos tells state officials to back off from trying to rein in student loan collectors.
  11. Trump Twitter-shames former presidents Bush Sr., Clinton, Bush Jr., and Obama He says they are at fault for trade deficits and lost 6 million manufacturing jobs. I guess that means they’re also be responsible for the other 53 million jobs added. Trump left out the 1.6 million manufacturing jobs lost in the decade before Bush Sr.

Elections:

  1. Senator Thad Cochran of Mississippi resigns, citing health concerns. Mississippi’s governor will appoint a temporary senator who will serve until the midterm elections in November.
  2. Trump stumps for Republican Rich Saccone in Pennsylvania’s special election. In his 70-minute, free-wheeling speech, Trump calls Chuck Todd a son of a bitch, floats the idea of executing drug dealers, says steel mills are already open after he signed the tariffs the day before, rails against the media, calls a sitting representative a low-IQ individual, says Democrats want to stop DACA (though Trump signed an EO stopping it), criticizes the same blue ribbon committees he was bragging about earlier, and my personal favorite, claims to be as handsome as Conor Lamb (fact check).
  3. Here are more stump statements, if you’re interested.
  4. Midterm season starts, with the first primaries being held in Texas this week.

Miscellaneous:

  1. Trump lawyer Michael Cohen says his hush-money payment to Stormy Daniels was late because he couldn’t get hold of Trump. Even though Cohen stresses that he, and not Trump, paid her off. The payment was flagged as suspicious when he paid it and again 11 months later. Cohen complained to friends at the time that Trump never reimbursed him.
  2. And then Stormy Daniels sues Trump, saying the non-disclosure agreement is void because he never signed it. The lawsuit does include some details of their alleged affair in the early year of his marriage to Melania, and alleges that Trump was involved in the hush money. She also alleges that she was coerced into signing a statement stating that there was no affair. Finally, she alludes to texts and images she has between her and Trump. Ew.
  3. We also learn Cohen obtained a restraining order the previous week to keep her quiet about the affair.
  4. Cohen used his Trump Organization email account to arrange the transfer, a potential violation of election law.
  5. Fun fact: Michael Cohen is the Deputy National Finance Chairman of the Republican National Committee.
  6. Trump hires yet another lawyer to handle the Stormy issue.
  7. Two members of Colorado’s state congress start wearing bulletproof vests due to fears of retaliation by a fellow legislator. Colorado is a concealed carry state, and state legislators can carry weapons. The two members helped force a fellow legislator out of office for sexual misconduct.
  8. Washington’s governor signs a net neutrality bill into law, the first state net neutrality law so far. Expect more to follow.
  9. The Office of the Special Counsel finds that Kellyanne Conway violated the Hatch Act when, as a White House representative, she criticized Doug Jones on TV multiple times during his campaign for Senate. Conway was thoroughly trained on the Hatch Act.
  10. Last week we found out that Trump Organization uses the presidential seal on golf course markers. Now we learn that the organization also sells swag at Trump Tower bearing the presidential seal.
  11. A court throws out a conviction against an inmate in Texas because the judge in the original case had the bailiff shock the defendant three times for refusing to answer questions to the judges satisfaction. The use of a stun belt is typically reserved for when a defendant becomes violent. The defendant was unable to attend the rest of his trial.
  12. Lawmakers joke about “Tuesday Trump” vs. “Thursday Trump.” Tuesday Trump is pretty agreeable. Thursday Trump revises everything he said Tuesday based on the reaction of his base and special interests.
  13. Sinclair Broadcasting forces anchors on local stations to read one-sided promos blasting the “fake news.” Anchors have been expressing discomfort with this (and hopefully they’ll refuse to comply).
  14. The Parkland shooter is indicted on 24 counts, possibly facing the death penalty.
  15. There have been more the 600 copycat threats at schools around the U.S.
  16. Interesting fact: Guns are now the third highest cause of death for children.
  17. By the end of the week, Trump has reversed himself again on gun legislation, calling for teachers to be armed and saying he won’t raise age limits. The White House does issue a list of recommendations though.
  18. David Shulkin, the head of the VA, trusts no one. He has an armed guard outside his office, has stopped meeting with senior management, and only meets with aides he trusts.
  19. Don McGahn has issued ethics waivers to 24 ex-lobbyists and lawyers to allow them to work in government and oversee the industries from which they came. Drain that swamp, baby!

Week 49 in Trump

Posted on January 2, 2018 in Politics, Trump

Here’s my last weekly recap for 2017, and I’m finally caught up from the holidays. I don’t know about you, but I’m pretty happy to see 2017 circling the drain. It was an exhausting, emotional, and stressful year. In the words of Gin and Tacos and my husband Mohi:

But this year was such a thrill ride down Fuck Everything Boulevard… in a clown car.

So here’s hoping for a brighter, happier, lighter, easier, and more prosperous and joyful 2018.

And here’s what happened in week 49…

Russia:

  1. A small group of Republicans headed by Devin Nunes is investigating the FBI over its use of the Steele dossier to launch the investigation into the Trump campaign’s ties with Russia. But then…
    • It turns out that it wasn’t the Steele dossier that launched the investigation.
    • Instead, it was George Papadopoulos’s drunken revelation to a top Australian diplomat that he knew the Russians had political dirt on Hillary Clinton.
    • Australian officials then reported that info to their American counterparts.
    • George spilled the beans in May 2016, the Australians reported it two months later (why the wait?), and the FBI opened the investigation in July 2016.
  1. Both Democrats and Republicans criticize Nunes over the tactics he’s using to attack federal law enforcement. Most think if there’s any corruption in the FBI, the DOJ should investigate it and that all Nunes will do is cause damage to law enforcement.
  2. On top of that, it turns out that Nunes never fully recused himself from the Russia investigation after his strange White House antics last year. While he handed over the day to day activities of the committee chair, he retained sole power to sign subpoenas, restricting committee Democrats‘ ability to do their jobs.
  3. There’s increased Russian submarine activity around undersea trans-Atlantic data cables. This is the most Russian sub activity we’ve seen since the Cold War. These cables provide internet to North American and Europe, so it’s possible Russia’s looking for ways to tap into the data.
  4. NATO responds to the activity by announcing plans to re-open a Cold War command post to secure the north Atlantic.
  5. Part of Robert Mueller’s investigation includes looking at whether the Trump campaign and RNC used voter information that was obtained through Russian hackers. We know that Russian hackers stole data from several states’ election databases in 2016. Jared Kushner was in charge of the campaign’s digital operations.
  6. A Russian who earlier admitted to hacking the DNC servers for the Russian government says he left a data signature that proves he’s telling the truth.
  7. Trump’s legal team, along with other Trump supporters in D.C. and in the media, start to paint Michael Flynn as a liar in order to discredit him before his testimony comes up in the Russia investigation.
  8. Putin expresses disappointment in the deteriorating relationship between Russia and the U.S.
  9. A Russian court upholds a ruling that bans Putin’s opposition leader, Alexei Navalny, from running against him in the next elections.
  10. Facebook announces it won’t use red flags to indicate fake news articles anymore. Apparently the flags just enticed more people to click on the stories. They found that showing related articles is more effective to combat fake stories.

Courts/Justice:

  1. An appeals court upheld its previous ruling that basically upheld an Obama-era fracking rule for federal lands. The Department of Interior is working to repeal the regulation anyway, but the rule could go back into effect on January 12.

Healthcare:

  1. Despite government outreach being cut by 90%, the sign-up window being cut in half, and Trump’s declaration that Obamacare is dead, enrollment in the ACA was surprisingly strong with nearly 9 million enrollees so far. That’s down from 12.2 million who signed up last year, but there are still more to be counted and not all markets are closed.
  2. Over 80% of people who enrolled in the ACA live in states where Trump won, with the top four states being Texas, George, North Carolina, and Florida.

International:

  1. Just days before Trump’s inauguration (between January 9 and 12, 2016) Romanian hackers took control of nearly two-thirds of D.C.’s surveillance cameras. The cameras were unable to record for several days. This doesn’t seem to be related to Trump—it was a ransomware scheme and the hackers have been arrested.
  2. At least four times in the past week, the Trump administration threatens the UN with dropping financial support if they don’t comply with U.S. demands.
  3. A Gunman attacks a Coptic Christian church in Egypt, killing nine. The police are criticized for their slow response.
  4. Anti-government protests erupt across Iran, largely spurred by a stagnant economy and a repressive regime. Twelve have died so far in the protests, and this is the largest uprising since the 2009 protests that were violently stamped out.
  5. Trump tweets support for the protesters, saying the Iranian government should listen to them. “Iranian govt should respect their people’s rights, including right to express themselves.” So protests against the government are a good thing in Iran, but not in the U.S.?
  6. Iranian President Rouhani walks a fine line between the protesters and the Ayatollah, saying that people have a right to criticize the government and protest, and that this could be an opportunity. But he also says he’ll crack down on lawbreakers. Ayatollah Ali Khamenei, on the other hand, blames the protests on Iran’s enemies.
  7. Both Russia and China sneak around the sanctions on North Korea and trade goods.
  8. There are two bombings in Kabul this week—one on Christmas day and the other in the middle of a funeral for a government official.
  9. A defecting soldier from North Korea had traces of anthrax in his lungs, and others showed signs of exposure to radiation. This raises concerns that North Korea is working on biological weapons.

Legislation/Congress:

  1. While Trump says he’s signed more legislation than any other president in their first year, he’s actually signed the fewest since Eisenhower. In fairness, he got off to a strong start with all the Congressional Review signings that merely undid rules made by federal agencies under Obama.

Travel Ban/Immigration/Discrimination:

  1. A federal judge rules that Arizona’s law banning classes on ethnic studies is unconstitutional, saying it was motivated by racial animus. Ya think?
  2. Trump holds Dreamers hostage and says there will be no clean DREAM Act without funding for the wall between us and Mexico.
  3. Trump fires the remaining HIV/AIDS advisory council members via FedEx with no explanation. He does say they can reapply. If you remember, several members resigned together earlier in 2017.
  4. The Trump administration drops its appeal of the court decision blocking the transgender ban in the military after not just one, but two courts reject the ban.
  5. In a June meeting, Trump reportedly said that all Haitians have AIDS and that Nigerians would never go back to their huts. It’s no surprise that Trump uses fear tactics to stoke hatred of immigrants.
  6. At the same meeting, Trump was visibly upset over the number of foreign visitors to the U.S. during his first 6 months and he couldn’t understand that some were here temporarily—one-time visitors just here on vacation.
  7. A federal judge blocks Trump’s restrictions on “follow-to-join” refugees, which are spouses and children of refugees who are already settled here.
  8. The same federal judge partially suspends Trump’s ban on refugees from 11 largely Muslim countries, allowing refugees with bona fide relationships and granting bona fide relationship status to refugees who have agreements with humanitarian and relocation agencies.
  9. The 9th Circuit Court of Appeals rules that Trump exceeded his authority in the latest travel ban and that it violates federal law. The law remains in effect, though, per the Supreme Court, while challenges move through the courts.
  10. Bitcoin is the currency of choice for far-right extremists and white nationalists because PayPal and other payment platforms have banned racists and extremists.

Climate/EPA:

  1. Proving once again that he doesn’t understand the difference between climate and weather or the effect of climate change on weather, Trump makes fun of global warming in a tweet because it’s so cold in the eastern U.S.
  2. Trump rolls back the safety rules for offshore drilling that were created after the Deepwater Horizon spill.

Puerto Rico:

Here’s where Puerto Rico stands more than three months after the hurricane:

  • 96% of the island has water.
  • Almost 70% of the island has electricity.
  • 88% of gas stations are open.
  • 8% of supermarkets are still closed.
  • 392 people still need shelter; 24 shelters are open.
  • 3,039 FEMA personnel, along with 15,000 civilian and military personnel, are on the ground there.
  • All airports and federally maintained ports are open.
  • All hospitals are open.
  • More than 168,000 Puerto Ricans have gone to Florida.

Budget/Economy:

  1. While praising the new tax plan and saying they’ll give everyone $1,000 bonuses, AT&T also announces that they’ll lay off over 1,000 employees.
  2. After signing the tax bill into law, Trump tells his friends at Mar-a-Lago, “You all just got a lot richer.” And for once he was telling the truth.
  3. Goldman Sachs expects that banks will take a hit to their profits this year because of taxes on money held overseas. But after taking that hit, banks will be the biggest winners of the new tax plan.
  4. Senator Marco Rubio says Republicans “went too far” in cutting taxes for corporations. He thinks companies will either buy back shares or increase dividends to shareholders, neither of which will create any great economic growth.
  5. Trump goes after the USPS about undercharging Amazon even though Amazon uses UPS and is working on delivering their own stuff.
  6. Despite being a cheerleader for infrastructure during the campaign, Trump stops funding for an Obama-era project to fix damaged railroad tunnels, tracks, and bridges in New York and New Jersey. This is an area where 9 of 10 workers commute.
  7. The Centre for Economics and Business Research projects that China will overtake the U.S. economy by 2032, and that India will move into the top 5 economies around the same time.

Elections:

  1. Roy Moore sues to block Alabama’s election results citing systematic voter fraud. The court dismisses Moore’s case and certifies Doug Jones, who is later sworn in.
  2. If you remember a while back, a Democrat on Trump’s voter fraud commission sued to get access to committee records from Kris Kobach and other Republicans on the commission. This week, a federal judge rules that they must share records with ALL members of the panel.
  3. The one remaining seat in the Virginia House of Delegates won’t be decided soon. The name-drawing to decide the tie vote is postponed, pending a court challenge over whether the election was actually a tie. If the Democrat wins, Democrats will have a 51-49 lead. If the Republican wins, the House will be tied.
  4. While the Department of Homeland Security has warned states about election-hacking threats in the 2018 elections, they might not be able to perform security screenings on all election servers in time for the elections.

Miscellaneous:

  1. Trump is the first to president not to win the most admired man of the year in the annual Gallup survey. President Obama wins that distinction for the 10th time. Hillary Clinton is the most admired woman for the 16th year in a row. Color me confused.
  2. The Trump foundation is being investigated for inappropriate use of funds, and cannot raise any funds until the probe is over. One of Trump’s golf courses has already had to pay back the Trump foundation for using foundation funds to pay the golf course’s legal fees.
  3. Trump is the first president not to host a state dinner in his first year.
  4. Trump says he’ll be back to work the day after Christmas. The day after Christmas, Trump goes golfing. Who really cares, right? Except that he made a big deal out of Obama golfing. Trump has definitely golfed at least 50% more than Obama in his first year and has likely golfed even more than that. He’s visited a golf course at least 88 times.
  5. Trump’s cabinet is unusually secretive, hiding their schedules, travel plans, and the people or groups they’re meeting with. At least six agencies don’t release appointment calendars, in potential violation of the Freedom of Information Act. This is a thing because department heads have been meeting with leaders from the industries that they’re supposed to be regulating.
  6. Trump gives an impromptu interview to a New York Times reporter. I won’t fact-check the whole thing, but here are a few tidbits:
    • He denies 16 times that his campaign colluded with Russia, but then says that even if there was collusion, it’s not a crime.
    • He says Democrats say there’s no collusion (they don’t).
    • However, he says there was collusion between the Russians and Democrats.
    • He thinks Mueller will treat him fairly.
    • He thinks he can do whatever he wants with the Department of Justice (he can’t). This was about reopening the investigation into Hillary’s emails.
    • He says he’ll win in 2020 because the media needs him and will tank without him. He says the media HAS TO LET HIM WIN. Wow.
    • He says he knows more about big bills than any other president. (Remember, it was a huge surprise to him that healthcare was so hard. Who knew?)
    • He also knows more about taxes than the greatest CPA, he says (lawmakers who worked with him on healthcare and taxes were shocked by how little he knew about both).
    • He thinks China’s hurting us on trade, but he hasn’t dealt with it yet because war is more important right now (I assume he’s talking about North Korea here).

    • He says he saved coal and that West Virginia is doing fantastically now (only 900 new coal jobs have been created since he became president).
    • He brings up the conspiracy theory around Debbie Wasserman-Schultz and a Pakistani IT staffer.
    • He says he boosted Luther Strange’s rating, and that before his endorsement Strange was in 5th place (in a race with only 3 people).
    • He says the reason the Alabama race was so close was because he endorsed Roy Moore (an accused child molester).
    • He says we’ve spent $7 trillion on the MidEast and it’s a bigger mess than ever (the actual number is $1.6 trillion, if he’s talking about the wars).
    • He says he’s created healthcare associations and that millions of people are joining—people who formerly had Obamacare or no insurance (the rules for the associations haven’t yet been issued and no one has joined).
    • He says the wall will stop the smuggling of drugs from Mexico (most drugs come in through legal ports of entry or from tunnels).
  1. The Trump administration has the highest first-year departure rate of any administration in the past four decades with 34% of senior officials having resigned, been fired, or been reassigned. Ronald Reagan’s was the second highest with half the departure rate.
  2. New York City, San Francisco, and Philadelphia file a lawsuit against the Department of Defense for inadequate reporting of service members who are not allowed to own guns. This stems from the shooter in a small town in Texas who should have been flagged in the background check database but wasn’t.
  3. Christmas couldn’t keep Trump satisfied for long. The day after, he goes after the FBI and Hillary on Twitter. Tip: Let it go, dude. You won.

Polls:

  1. 52% of us say the U.S. is less respected around the world than it was one year ago. 21% say we’re more respected than before.

Week 47 in Trump

Posted on December 18, 2017 in Politics, Trump

It’s looking more and more likely that we’ll have tax reform by the end of the year. It doesn’t look like it will actually simplify the tax code at all, and it might add a few layers of complexity on top of our 75,000 pages of tax code. As usual, some will win and some will lose, but the ultra-wealthy and corporations won’t be on the losing side.

Here’s what happened this week…

Russia:

  1. Republicans make much ado about Peter Strzok, the FBI agent who was released from the Russia investigation last summer after texts were uncovered where he was critical of Trump and supportive of Clinton. However, Deputy Attorney General Rod Rosenstein, in his testimony to Congress, says that all federal employees are entitled to their political views and that political leanings do not disqualify them from doing their jobs. It’s actually a violation of federal practices to take political leanings into account for any applicant.
  2. Russian hacker Konstantin Kozlovsky confesses in court to being hired by the FSB (Russian intelligence) to hack the DNC’s computer systems in 2016.
  3. Mueller’s team requests emails from all Cambridge Analytica employees who worked on the Trump campaign. Cambridge Analytica is the data, polling, and research firm that helped target Trump’s social media campaign.
  4. Putin considers Trump’s tweets to be official statements from the White House, and he gets reports of the tweets along with reports of other leaders’ official statements.
  5. Trump has never held a cabinet meeting about Russian meddling in the 2016 election, and it’s not talked about in the White House.
  6. Citizens United opened the door to all sorts of donor manipulation around our elections. Mueller is investigating Russian donors and donors with Russian ties in the 2016 elections. Here’s an in-depth piece on the people involved.

  7. Rumors abound on the left that Trump plans to fire Mueller on December 22. Trump denies this, saying that the investigation is almost wrapped up and that he’ll be cleared soon.
  8. Trump’s lawyers say Mueller obtained Trump’s transition team documents using inappropriate methods. But according to lawyers for the Government Services Administration (GSA), it went like this:
    • The GSA told Trump’s transition team during the transition that materials “would not be held back in any law enforcement” requests.
    • Mueller’s team requested the materials.
    • The GSA turned over the materials.
  1. Jared Kushner’s legal team is working on hiring a crisis PR agency.
  2. Internet traffic for four major corporations—Google, Facebook, Apple, and Microsoft—is briefly rerouted through a Russian ISP.
  3. Adam Schiff, the ranking member of the House Intelligence Committee, says, “The Russians offered help. The campaign accepted help. The Russians gave help. And the president made full use of that help.” He calls the evidence pretty damning, though he wouldn’t say whether it’s beyond a shadow of a doubt.

Courts/Justice:

  1. Two of Trump’s nominees for judge will not move forward for confirmation. Brett Talley is rated as unqualified by the ABA, and Jeff Mateer admits he discriminates against the LGBTQ community.
  2. However, Congress approves Leonard Steven Grasz, who couldn’t answer even the most basic of law questions during his confirmation hearing.
    UPDATE: My bad! I had Grasz (who was confirmed) confused with Matthew Peterson (who withdrew his nomination after his truly bad confirmation hearing).

Healthcare:

  1. A federal judge temporarily blocks Trump’s rule that let employers and universities opt out of providing healthcare coverage for contraception. Trump tried to rescind the ACA rule that mandated contraceptive coverage, but the Pennsylvania judge says that contradicts the text of the ACA.
  2. Legislators in Ohio pass a law criminalizing abortions that doctors think might be due to finding out the child will be born with Down Syndrome. North Dakota and Indiana have similar laws.
  3. The Trump administration issues a list of terms the CDC cannot use in budget documents. They include: vulnerable, entitlement, diversity, transgender, fetus, evidence-based, and science-based.
  4. Instead of the last two, the recommended wording is “CDC bases its recommendations on science in consideration with community standards and wishes.” Wishes, huh? Well then I wish there was a cure for every single disease and bigotry so we wouldn’t have to censor like this.
  5. Several documents have been sent back to the CDC for correction of the above terms.
  6. The Mine Safety and Health Administration asks for public comments on regulations around coal and rock dust (responsible for black lung in miners) and around diesel (known to cause cancer). This indicates that the administration is looking at loosening these protections, too.
  7. The Trump administration sends some emergency funding to keep the Children’s Health Insurance Program (CHIP) running.

International:

  1. The deadline for Congress to re-implement sanctions against Iran after Trump decertified the Iran nuclear deal passes with no action from Congress. This despite Republicans calling the deal the worst deal ever and pushing to overrule it. Perhaps that was all talk.
  2. A resigning State Department official says Trump and Tillerson put Americans at risk because they don’t understand the role of the State Department. Diplomats and officials across the globe are leaving the department, which helps shape foreign policy and gets Americans overseas out of harms way. It also develops strategic relationships around the globe so the U.S. can come in when needed to help solve problems. You can’t do that without established people on the ground.
  3. In response to Trump declaring that the U.S. will recognize Jerusalem as the capital of Israel, leaders of Muslim nations declare East Jerusalem the capital of Palestine.
  4. Republicans are pushing a bill through the House that would require the Treasury to report on assets held by Iranian leaders, whether or not they are subject to sanctions.
  5. Nikki Haley claims that there is undeniable evidence that Iran supplied weapons to insurgents in Yemen. The UN Secretary-General says the evidence does not support this claim. It sounds like another administration creating a reason to go to war with a Middle Eastern country.
  6. Trump changes the U.S. stance on Syria and says Assad should remain as president until the next elections.

Legislation/Congress:

  1. After Senator Kirstin Gillibrand calls for Trump to step down because of accusations of sexual misconduct, Trump tweets that there was a time Gillibrand would do anything for his donations back in the day. Anything.
  2. Rumors abound that Paul Ryan is considering retiring after this term.

Travel Ban/Immigration/Discrimination:

  1. Republican Representative Blake Farenthold says he won’t run again because of sexual harassment accusations. He should step down now, like Conyers, Trent, and Franken.
  2. Women sue a congressional ethics official for physical and verbal assault. Ironically, the official was investigating sexual harassment claims into Members of Congress.
  3. A Kentucky lawmaker apparently commits suicide over sexual misconduct claims.
  4. Three of Trump’s accusers call on Congress to investigate the accusations of sexual assault against him.
  5. 56 female Democrats in Congress request the House Oversight Committee investigate Trump for the accusations of sexual assault. 17 women have accused Trump, though he says the accusations are false and that he doesn’t even know these women or has never met them. Videos and pictures contradict those claims.
  6. Trump speaks to graduates at the FBI National Academy in Quantico and says that immigrants who come to the U.S. through visa lotteries are the worst of the worst. He apparently doesn’t understand how the system works, because foreign leaders can’t pick who wins the lottery nor how they’re vetted. And reading through a few stories, many are professionals, doctors, engineers, etc.

Climate/EPA:

  1. World leaders and investors meet in Paris to discuss climate change, and they announce over $1 billion in investments to help countries and industries transition from coal and oil. Trump isn’t invited, but current and former U.S. officials represent, including Arnold Schwarzenegger, Michael Bloomberg, John Kerry, and Jerry Brown.
  2. During the meeting, state and local leaders from the U.S. affirmed their commitment to adhering to the Paris Agreement targets, with or without the federal government.
  3. French President Macron announces research grants to U.S. climate scientists who might be losing grants (not to mention the will to go on) under Trump. He’ll grant $70 million to 50 climate research projects to help “Make America Great Again!”
  4. Michael Dourson, Trump’s nominee to head the chemical safety division of the EPA, withdraws from consideration. His support in Congress was weak due to a career spent pushing for fewer safety measures around hazardous chemicals.
  5. Because he can’t leave an Obama rule untouched, Trump plans to rescind regulations requiring organic egg farmers to make sure their hens can graze outdoors.
  6. Federal records show that Scott Pruitt hired a contractor at the EPA to for the purpose of finding employees who are critical of the Trump administration.
  7. Barrows, Alaska is warming up so fast that the computer algorithm used by NOAA to compile global temperature changes flagged the measurement there as not being real. The algorithm removes outliers in temperatures to make sure no fake data gets into their research.
  8. Oklahomans are fighting for the findings of an audit of the Tar Creek Superfund site to be released. When he was Oklahoma’s Secretary of State, Scott Pruitt used his power to keep the audit from the public. After the EPA worked to clean up the site, Senator Jim Inhofe, along with Pruitt, endorsed a plan to use federal funds along with local citizens to clean up the site, which is now deserted and still polluted. Tar Creek holds a reservoir of lead-zinc ore, the mining of which resulted in levels of lead far above the acceptable limits, causing things like learning disabilities and memory loss.
  9. We learn that Ryan Zinke flew a national park leader to Washington D.C. to reprimand him for tweeting about climate change. Regardless of whether or not you think climate change is manmade, its effects on our national parks are visible and important.
  10. Scott Pruitt hires an opposition research team to help shape press coverage of the EPA.

Budget/Economy:

Lemme just say that tax reform has been an interesting process to me because it’s the first time I can recall really seeing how the sausage is made in Washington, and it’s not pretty. Politicians have been pretty outspoken about the backroom deals and about the fear and threats of losing big donors.

  1. The tax bill gets reconciled between the House and Senate. I could sum it up here, but the New York Times does a great job of it here.
  2. Here’s a good chart to see how the bill affects your income bracket. It looks like some will go up and some will go down.
  3. A few things the final bill does:
    • Removes the wording that would’ve rescinded the Johnson Act (so non-profits and religious organizations still can’t tell you how to vote)
    • Keeps and expands education deductions that the House wanted to get rid of
    • Limits mortgage interest, state and local tax, and property tax deductions, but at a higher level than the original House bill
    • Adds more deductions for pass-through entities than either original bill
    • Removes the wording giving personhood status to fetuses
    • Keeps the estate tax, but doubles the unified tax credit (the amount above which estates are taxed)
    • Eliminates the deduction of losses due to earthquakes and wildfires, but not for floods and hurricanes (obviously targeting a specific state where I live)
    • Keeps deductions for high medical costs, and actually lets you deduct more
    • Removes the ACA mandate, which could finally give the Republicans the victory they want by bringing the ACA to its knees
    • Opens up ANWR for drilling
  1. Even the Treasury Department says the tax plan won’t increase economic growth enough to pay for itself, saying we’ll also need regulatory reform, infrastructure development, and welfare reform.
  2. Mike Pence delays his trip to Israel in the likely case his vote is needed to break a tie on this pretty unpopular tax bill.
  3. John McCain is in the hospital and might not be available for the tax plan vote.
  4. Senator Bob Corker (R-Tenn.), who last week said he was a yes on the tax bill, sends a letter to Orrin Hatch to find out how an additional 20% deduction for pass-through companies that own income-producing real estate got into the tax bill. Apparently, they still all don’t know what’s in this bill.
  5. Paul Ryan says Americans need to have more babies to save the economy. Economists say we need to allow in more immigrants to save the economy.
  6. The Fed raises the interest rate again (likely to guard against inflation).
  7. In a lawsuit, a group of small farmers charge the administration with “arbitrary and capricious” behavior over rolling back two protections for small farms. One of the rules made it easier for small farmers to sue for anti-competitive behavior (mostly by meat-packers). Obama’s administration negotiated for almost 8 years to create protections for small farmers and ranchers, but the Trump administration never implemented any of them.
  8. As a result of a study by Michigan State University scholars, the Defense Departments starts its first agency-wide financial audit ever. First EVER. The study found $21 trillion in unauthorized spending between 1998 and 2015.
  9. Canada cancels plans to buy fighter jets from Boeing due to a trade dispute between Boeing and Canada’s Bombadier. Canada will get their planes from Australia instead, costing Boeing $5.23 billion.
  10. A U.N. Special Rapporteur on extreme poverty and human rights is touring the U.S. to examine our own areas of extreme poverty. You can read the full report here – a long but fascinating read.
  11. Trump calls Rupert Murdoch to congratulate him on his $52.4 billion deal with Disney and to make sure he didn’t sell Fox News as part of the deal.

Elections:

  1. An RNC member from Nebraska resigns over the party’s support for Roy Moore after he was accused of pursuing teenage girls and molesting one.
  2. Doug Jones wins the Senate seat in Alabama. Roy Moore refuses to concede because, as explained by one Alabamian, he can’t believe God would will a Democrat to win.
  3. The African American vote goes to Doug Jones 96% to 4%.
  4. Trump somehow claims victory in Moore’s loss, saying he knew he couldn’t win. After endorsing him for the past several weeks.
  5. Trump plans to travel extensively campaigning and holding rallies for down-ticket Republicans for much of 2018. Who will be presidenting during that time, I wonder?
  6. In polling neither Democrat nor Republican voters see Trump as the leader of the GOP, though there are districts where Trump could be helpful.

Miscellaneous:

  1. The FCC votes to rescind net neutrality rules, despite public protest and majority support in favor of the rules (83% of Americans favor net neutrality). Also despite many irregularities in the public comment process, which appears to have been dominated by bots.
  2. The FCC’s new plan would require ISPs to disclose whether they might violate the rules that were just rescinded, which shifts enforcement from the FCC to the FTC. So for example, your cable company will have to tell you that they might throttle Netflix or charge more for Hulu. Be sure to read the fine print!
  3. In response, several state leaders announce plans to protect net neutrality in their own states, and 17 states sue the FCC over the changes.
  4. Senator Schumer says Senate Democrats will force a vote on a bill to repeal the FCC’s repeal of net neutrality rules. He’ll use the Congressional Review Act, which Republicans have used nearly 20 times this year to rescind regulatory agency decisions.
  5. The Wall Street Journal publishes an op-ed intended to calm people down about net neutrality, but it turns out to be authored by a former Comcast lawyer.
  6. Just a little reminder of what Ajit Pai has done this year as head of the FCC:
    • Loosened limits on media ownership that were in place to prevent information monopolies
    • Increased the amount broadband providers can charge businesses
    • Scaled back a program to provide internet to low-income areas (a program that was supposed to be expanded)
    • Reversed net neutrality
  1. Someone sends reporters a forged document they say is a court filing charging Chuck Schumer with sexual harassment. Both Schumer and the alleged accuser report the document as a forgery to the police. Just before the news broke, two conservative provocateurs bragged about documents that would bring down a U.S. Senator. Leaving us all with the implication that they were the ones behind it?
  2. Omarosa is out. And it sounds weird.
  3. Trump directs NASA to make another moon landing.
  4. Trump solicits advice from Janine Pirro. Not just this week, but all the time.
  5. NRA president Wayne LaPierre attends a White House party on the fifth anniversary of the Sand Hook shooting. Really bad optics.
  6. Just before going in and telling FBI graduates at Quantico that he has their back 100%, Trump calls the FBI a “shame.”
  7. Sean Spicer is writing a book about the 2016 elections.
  8. There was a botched terrorist attack in a New York subway where the only one seriously hurt was the bomber himself.
  9. Trump takes credit for getting rid of 469 regulations, 42% of which were either never implemented or already shelved.

Week 46 in Trump

Posted on December 14, 2017 in Politics, Trump

After over half the Democrats in the Senate push for his resignation over accusations of sexual misconduct, Al Franken resigns from the Senate, saying:

“I of all people am aware that there is some irony in the fact that I am leaving while a man who has bragged on tape about his history of sexual assault sits in the Oval Office and a man who has repeatedly preyed on young girls campaigns for the Senate with the full support of his party.”

Come on Republicans. The moral high ground has a very slippery slope, and you might be at a point where you can never make it back to the top. You need to oust your own members who are accused of misconduct, whether or not they cop to it. If you don’t like the RNC supporting an alleged child molester, you need to stand up and tell them so.

Russia:

  1. The chief lawyer at the White House told Trump in January that Michael Flynn had likely lied to the FBI and Mike Pence. This was before Trump asked Comey to “see his way to letting it go.”
  2. In his December meeting with Russian officials, Mike Flynn told them the sanctions Obama was imposing at the time would be ripped up.
  3. Mueller asks a judge to deny Manafort’s request to be released from house arrest after learning the Manafort wrote an op-ed with a Russian operative in order to sway public opinion about his dealings with the Ukraine. Some people never learn.
  4. Mueller subpoenas Deutsche Bank for information about Trump’s accounts. Deutsche Bank has loaned millions to the Trump Organization. The White House denies that there are any subpoenas.
  5. Donald Trump Jr. spends eight hours in front of the House Intelligence Committee. He says he talked to Hope Hicks, and not his father, about how to respond to revelations of his meeting with a Russian lawyer.
  6. He also claims attorney-client privilege as a reason to not talk about the phone call with Trump Sr. where they discussed how they should handle the issue of Trump Jr.’s meeting with a Russian lawyer (because a lawyer was in the room when he called).
  7. Newly uncovered emails show there was follow-up within the Trump campaign to Trump Jr.’s meeting with the Russian lawyer.
  8. In his meeting with the Russian lawyer, Trump Jr. asked for information proving illegal donations to the Clinton campaign.
  9. Erik Prince testifies before the House Intelligence Committee, and says he met with Devin Nunes earlier this year to discuss the unmasking of names of Americans being investigated (after Nunes recused himself). He also discusses meetings with Emirati officials and a Russian banker in the Seychelles.
  10. The judge in the Flynn case recuses himself.
  11. Senate Democrats on the Foreign Relations Committee hold up K.T. McFarland’s nomination based on questions around what she knew about contact between Michael Flynn and Russian ambassador Kislyak.
  12. Hope Hicks meets with Mueller’s team, and we learn that the FBI warned her that Russian operatives had tried to contact her at least twice this year.

Healthcare:

  1. The DOJ picks up the investigations into abortion providers about the transfer of fetal tissue, taking over from the congressional inquiries held last year.
  2. The USDA rolls back Michelle Obama’s school lunch program. Because why should kids have to eat healthy food?

International:

  1. Apparently urged by Jared Kushner, Trump announces that he recognizes Jerusalem as Israel’s capital, and that he plans to move the U.S. embassy to Jerusalem. This is a new tactic for Middle East peace, and protests erupt abroad.
  2. Palestinian leader Abbas says maybe a one-state solution is the way to go because it would force Israel to choose whether they’ll be a true democracy, in which case Palestinians could have the majority voice.
  3. Hamas leaders push for a new uprising against Israel because of the announcement.
  4. Several advisers say Trump didn’t fully understand the ramifications of the Jerusalem move and that his focus is “seeming pro-Israel” and “making a deal.”
  5. The International Olympic Committee (IOC) bans Russia from the 2018 Olympics as punishment for their “systemic manipulation of the anti-doping system”. The IOC also creates a way for drug-free Russian athletes to compete under the Olympic flag.
  6. The Senate confirms Kirstjen Nielsen as Secretary of the Department of Homeland Security. She was previously Kelly’s chief of staff there.
  7. Germany’s acting foreign minister says that relations between Germany and the U.S. will never be the same, complaining that Trump looks at Europe as a rival instead of an ally.
  8. Tillerson gets a chilly reception from European leaders, who cite Trump’s nationalistic rhetoric, his tweets, and his announcement that the U.S. will recognize Jerusalem as the capital of Israel as reasons for the tension.
  9. The State Department issues a worldwide caution for U.S. travelers abroad. The last time this happened was at the start of the Iraq war.
  10. North Korea says war is inevitable.
  11. Remember when we brought back our diplomats from Cuba because they were experiencing mysterious symptoms? Well doctors find brain damage in the victims, which makes the sonic weapon explanation a little less believable.
  12. Iraq says that ISIS no longer controls any land in the country and declares an end to their war on ISIS.

Legislation/Congress:

  1. The House passes the concealed carry reciprocity bill, which would let people who live in concealed carry states carry weapons in states that don’t have concealed carry. I guess states right are only right when you agree with them.
  2. So far, 44 U.S. Representatives and 2 Senators have announced they’ll retire, resign, or run for a different office. 30 of the 44 are Republicans and both Senators are. Some feel they can’t get anything done anymore, and some point to Trump.
  3. Senator Al Franken announces he’ll step down over sexual misconduct allegations. Representative Trent Frank (R-AZ) also steps down from complaints that he suggested members of his staff should be surrogate mothers for him and his wife.
  4. Democratic Representative John Conyers resigns after more accusations of sexual harassment. Still waiting for Trump to come clean here.
  5. A House vote to impeach Trump fails bigly.

Travel Ban/Immigration/Discrimination:

  1. The Supreme Court allows Trump’s third iteration of the travel ban to take effect while arguments are heard in the court challenge.
  2. Despite Trump’s push to bolster staff at Customs and Border Patrol, the CPB hasn’t been able to hire enough people to make up for attrition.
  3. In a rally in Florida… Wait, really? Why is he still holding rallies? Anyway, at a rally In Florida, Trump stumps for Roy Moore and goes after one of Moore’s accusers (she had added notes to the one Moore wrote in her yearbook oh my). Trump has attacked his own accusers and Moore’s, but somehow all the other women coming forward are legit. WTF?
  4. 92 Somalis are taken back to Somalia on a deportation plane, but they have to land in Senegal, and end up returning to the U.S. because of logistical issues.
  5. Trump was originally scheduled to speak at the opening of the Civil Rights Museum in Mississippi, but due to threatened boycotts by civil rights leaders, Trump speaks at a private event and not the opening.
    UPDATE: I recant that. Despite protests, Trump spoke at the opening anyway.
  6. Trump holds the traditional Hanukkah party but doesn’t invite Democrats or Reformist Jews.

Climate/EPA:

  1. Trump shrinks Bears Ears and Grand Staircase-Escalante, as promised. The first of many lawsuits is filed on the same day.
  2. The EPA inspector general announces an investigation into Scott Pruitt’s meeting with the National Mining Association earlier this year where Pruitt apparently asked industry members to urge Trump to exit the Paris agreement.
  3. The Trump administration auctions off drilling rights for 900 tracts in Alaska’s National Petroleum Reserve, totaling 10.3 million acres. Only two companies bid and only on seven tracts, totaling only about $1.16 million. This was supposed to be the biggest lease sale ever.
  4. Trump approves a state of emergency for Southern California due to the rampant wildfires.

Budget/Economy:

  1. Congress pushes back a potential government shutdown by extending spending for two weeks. So now they have to sign a funding bill by the end of next week.
  2. Trump says a government shutdown could still happen, and it would benefit him because he’ll blame Democrats for obstructing. Democrats are withholding support for a spending bill because they want a clean DACA bill. They also want comparable increases for non-defense spending as for defense spending. The Freedom Caucus says they won’t support a bill that includes either of those things.
  3. The tax bills being reconciled include a boon to private schools by allowing tax-free 529 accounts to be used for private K-12 schools. Currently they are only allowed for college savings.
  4. The Senate forgot to reduce the ATM, one of many oversights in their tax plan. Experts find many loopholes and potential problems.
  5. The Senate removes the anti-abortion text that was inserted into the tax bill (personhood for fetuses). The parliamentarian says it violates the Byrd rule, which governs what can be included in finance bills.
  6. 13 GOP governors refuse to sign a letter of support for the proposed tax plans.
  7. Susan Collins’ vote on the bill is back in question as the planned fix won’t work for the problems that would be caused by getting rid of the ACA’s individual mandate.
  8. Economists wonder if this is the wrong time for a tax cut, usually a tool to stimulate the economy which is currently on an 86-month winning streak. It could backfire and push us into inflation.
  9. Hiring is still strong 8 years into the recovery. 228,000 jobs were added in November.
  10. But GE announces they’ll layoff 12,000 employees (globally, though they didn’t say how many in what countries).
  11. The repeal of the Johnson amendment in the tax bill could open the door to allowing large donations to 501(c)(3) charities, meaning you can donate as much as you want to political candidates and write it off as a tax deduction.
  12. Attorneys general from 17 states and D.C. file a brief challenging Trump’s right to appoint Mick Mulvaney to head the Consumer Financial Protection Bureau (CFPB).
  13. Hours after Mulvaney becomes acting director of the CFPB, the bureau reverses its position on a case that was nearly over, so bureau will no longer take a position on whether Nationwide will pay $8 million for misleading over 100,000 customers on their mortgages. They also stopped payments to some victims of financial crimes. This after Mulvaney says he won’t blow up the bureau.
  14. Trump rescinds another Obama-era proposal that makes airlines disclose baggage fees up front. Because why should we get to know exactly how much we have to pay?
  15. The Department of Labor delays implementation of the fiduciary rule, which would protect consumers from financial advisors lining their own pockets instead of looking out for consumers’ best interests.

Elections:

  1. Trump calls Roy Moore to offer his endorsement, and stumps for Moore at Trump’s rally in Florida.
  2. And then the Republican National Committee (RNC) throws its support behind Moore once again, after distancing themselves just a few weeks ago. But no one in the RNC defends the move publicly. This is no longer the party of the moral majority.
  3. Republican Representative Ben Sasse criticizes the RNC for funding Roy Moore once more, and says he’ll pull out of the fundraising arm of the committee if they keep it up.
  4. Paul Ryan says Roy Moore should drop out of the race, while Sarah Huckabee Sanders says Trump has the highest level respect for women (after Trump voiced support for Moore).
  5. Coordination between the RNC and the president is at a low, with Trump not realizing he is the leader of the party.
  6. Trump’s voter fraud commission, headed by Kris Kobach, wants to create a centralized database that pulls together names, addresses, party affiliations, and partial security numbers for all voters in all states. Security and access to the database hasn’t been defined yet. This is similar to Kobach’s Crosscheck database, which has caused millions of voters to be accidentally dropped from the roles. States have tried to drop out but are finding it impossible.

Miscellaneous:

  1. Erik Prince and Oliver North (!) are trying to sell the administration on the idea of creating a secret spy network to protect us against our own government intelligence agencies.
  2. After the Access Hollywood tape was released, GOP donors reportedly asked the RNC how much they would have to pay Trump for him to drop out of the election. Mike Pence and Reince Priebus also reportedly made a plan for succession, with Pence running for president and Condoleeza Rice being his running mate.
  3. Trump’s lawyers argue that the defamation suit brought against him by one of his sexual harassment accusers should be thrown out because Trump’s attacks against his accusers falls under protected speech.
  4. The Veterans Affairs Secretary, David Shulkin, holds a DC event touting Trump’s promise to house homeless vets. Then four days later, the Veterans Affairs agency cut resources from a program that dramatically reduced homelessness for sick and vulnerable vets. After some blowback, Trump reverses this decision.
  5. There are protests across the country in support of net neutrality and against FCC chair Ajit Pai’s attempt to get rid of it.
  6. Trump rolls back another Obama administration safety rule, this one requiring that trains shipping highly explosive liquids be equipped with electronically controlled pneumatic brakes by 2021. This rule was put in place to prevent the explosive train wrecks we’ve seen in recent years.
  7. Christopher Wray, director of the FBI, defends the FBIs integrity to the House Judiciary Committee after Trump tweeted that the agency is in tatters.

Polls:

  1. Trump hits a new all-time low in the Pew Research poll, with an approval rating of 32%.
  2. 70% of Americans think Congress should investigate Trump for sexual harassment accusations.
  3. 59% of Americans think Trump’s team had improper contacts with Russia during the campaign.
  4. 57% think Mueller is fair in his handling of the investigation.

Week 45 in Trump

Posted on December 4, 2017 in Politics, Trump

Trump says Merry Christmas and then claims that the war on Christmas is over. Finally… I thought that war would never end. Or was it ever a war in the first place?

Russia:

  1. We find out that Mueller has interviewed Jared Kushner about meetings with Michael Flynn in December.
  2. Legislators and their aides say that over the summer, Trump pressured committee members to wrap up their investigations into Russian interference in our elections. The people he pressured include Richard Burr, Mitch McConnell, and Roy Blunt, among others.
  3. Mueller brings the fourth indictment in the Russia probe, this time against former national security advisor Michael Flynn. Flynn pleads guilty to lying to the FBI about discussing sanctions with Russian officials last December.
  4. Flynn is the second person to enter a guilty plea in the investigation, causing speculation that he is cooperating with Mueller.
  5. Lying might seem like a small crime but he lied about negotiating with the Russians against U.S. policy and U.S. interests before Trump took office and after we knew that Russia interfered in our election.
  6. Flynn’s admission brings other campaign officials into question. After he spoke with the Russian ambassador about sanctions, Flynn called one or more senior members of the transition team while they were at Mar-a-Lago with Trump. They discussed his meeting with Ambassador Kislyak and sanctions Obama imposed on Russia.
  7. While she was on Trump’s transition team, K.T. McFarland emailed a friend saying that Russia threw the election to Trump. McFarland went on to become deputy national security advisor for a bit.
  8. Trump responds to Flynn’s guilty plea in a number of ways… in tweets, of course. He attacks the FBI, saying they’re in tatters. He attacks the FBI and DOJ for not investigating Clinton thoroughly enough. He also says he fired Flynn because Flynn lied to the vice-president, which implies that Trump knew about Flynn’s interactions with Russians, knew that he lied to Pence, and then he asked James Comey to let the Flynn thing go AFTER he knew about the lies.
  9. Trump’s lawyer says he composed that tweet, and then goes on to say that a president cannot be guilty of obstruction because he’s the chief law enforcement officer. Apparently forgetting that both Nixon and Clinton had articles of impeachment against them for exactly that.
  10. Among the documents turned over to investigators is an email from an operative with ties to the NRA who said during the campaign that he could arrange a back-channel meeting with Trump and Putin. He said Russia was “quietly but actively seeking a dialogue with the U.S.” and wanted to make contact at the N.R.A.’s annual convention.
  11. Even though he “recused” himself from the Russia investigation, House Intelligence Committee Chair Devin Nunes is pulling together contempt charges against the FBI and DOJ for not cooperating with requests for information by congressional committees. Both the FBI and DOJ say they’re complying fully.
  12. Paul Manafort reaches an $11 billion bail agreement with Mueller, getting rid of his ankle bracelet and putting up several real estate properties as collateral.
  13. We learn that Mueller got rid of one of his investigators last summer over anti-Trump texts. The right uses the firing of Peter Strzok to “prove” that Mueller’s investigation is tainted. The left says it shows he’s keeping bias out of the picture.
  14. The Senate Judiciary Committee is building an obstruction of justice case against Trump.

Courts/Justice:

  1. Subpoenas go out to 23 Trump businesses over the emoluments clause.
  2. Jeff Sessions picks Kellyanne Conway to head up the White House response to the opioid crisis.

Healthcare:

  1. Six members of the Presidential Advisory Council on HIV/AIDS (PACHA) resign. They say they can’t effectively work under a president who just doesn’t care about addressing AIDS or HIV.

International:

  1. North Korea tests an ICBM that it says can reach the U.S. mainland.
  2. Ivanka takes a trip to India for the Global Entrepreneurship Summit. Tillerson declines to send a high-level State Department delegation along with her.
  3. Rumors abound that Trump plans to replace Tillerson with CIA director Mike Pompeo, and then to appoint Senator Tom Cotton to the position of CIA director. Trump denies all this.
  4. The board of the UK’s Social Mobility Commission resign, saying it’s impossible to work on issues around social mobility as long as the government is focused on Brexit. The board members accuse the government of abandoning the people who voted for Brexit and of not doing anything to change the conditions that led to the vote.
  5. The U.S. pulls out of the UN’s global compact on migration, saying it undermines our sovereignty, but the likely reason is that it was created under Obama. The compact helps refugees migrate in an orderly way instead of the haphazard way that occurred over the past several years.

Legislation/Congress:

  1. After Trump tweets that there will be no deal in their scheduled meeting, Democratic leaders Nancy Pelosi and Chuck Schumer skip a meeting with Trump and Republican leaders about government funding. Pelosi and Schumer say they’ll work directly with Republican leaders Mitch McConnell and Paul Ryan instead.
  2. After they skip the meeting, Trump accuses them of pettiness, though one could easily say his tweet was pretty petty.

Travel Ban/Immigration/Discrimination:

  1. Trump shares inflammatory posts from a member of the far-right group Britain First (you might remember the group from the guy who killed an MP last year shouting “Britain First!”). The posts are anti-Muslim, anti-immigrant videos, one of which turns out to be ISIS propaganda and the other two of which didn’t reflect the message that went along with them.
  2. Britain First is labeled an extremist group that targets Muslims and mosques. IMO, our president shouldn’t be spreading dangerous, extremist propaganda. Our president should be better than that.
  3. His tweets draw a quick rebuke from British politicians, including Theresa May. Which starts a brief war of words between the two leaders. Trump responds by implying May isn’t taking care of “Radical Islamic Terrorism.”
  4. Of note, the woman who originally posted these videos is on trial for hate crimes.
  5. In response to criticism of the videos, Sarah Huckabee Sanders says it doesn’t matter if the videos are real because the threat is real and we need to strengthen our borders. Soooo we should be making policy based on ISIS propaganda and falsified events. Great.
  6. And props to Trump. Britain First gets an increase in supporters. Good job.
  7. The British parliament holds an animated discussion about whether Trump should be allowed to visit and about his fitness. One member suggests that Trump should delete his Twitter account.
  8. In his World AIDS day statement, Trump fails to mention the LGBTQ community, even though they are disproportionately affected.

Climate/EPA:

  1. Barry Meyers, Trump’s pick to head the National Oceanic and Atmospheric Administration (NOAA), breaks from the administration’s party line and says that he agrees climate change is caused primarily by humans.
  2. Trump announces plans to reduce the size of the Bears Ears National Monument by 85% and the Grand Staircase-Escalante by more than previously announced. These were designated by Obama and Bill Clinton, respectively. He plans to:
    • Split the Grand Staircase-Escalante into three different areas – Grand Staircase National Monument, Kaiparowits National Monument, and Escalante Canyons National Monument.
    • Split Bears Ears into two areas – Indian Creek National Monument and the Shash Jaa National Monument.
  3. The EPA holds its only listening session about repealing the Clean Power Plan in Charleston, West Virginia. Coal Country. Around 230 people attend and only about 30 of them support the repeal. The Clean Power Plan regulates coal plan emissions.
  4. Moody’s is about to make climate change very relevant to coastal and low elevation cities, including in some red states (specifically George, Florida, Mississippi, and Texas). Moody’s says they’ll rate municipal bonds in at-risk areas based on how prepared they are to mitigate the effects of climate change. This could hurt those areas economically unless they comply.

Budget/Economy:

  1. Two people show up on Monday to run the Consumer Finance Protection Bureau (CFBB). One is Trump’s pick to head the agency, OMB director Mick Mulvaney, and the other is Leandra English, who is next in succession according to the CPFB bylaws. A Trump-appointed federal judge rules in favor of the presidential power to fill vacancies and Mulvaney becomes the acting director in the end.
  2. Of note, Mulvaney has sharply criticized this bureau and thinks it stifles financial institutions. Because how can banks make money if they can’t fuck over the populace, amiright?
  3. On top of the cost of recovering from hurricane Maria, Puerto Rican manufacturers could be hit with another economic problem The House tax bill includes a 20% tax on Puerto Rican goods shipped to the mainland. This could decimate their manufacturing sector.
  4. Trump gives a pro-tax reform speech in Missouri. Here are some Tax Policy Center findings disputing some of the points he made:
    • Only 20% of the tax savings would go to the 60% of people making $87,000 or less.
    • 63% of the savings would go to the 20% of people making 150,000 or more.
    • 25% of the savings would go to the 5% of people making $303,000 or more.
    • Despite the good job reports, job growth this year has been slightly less than last year.
    • Trump is right that economic growth has been strong over the last two quarters.
  1. The Senate Budget Committee votes to advance the Senate tax plan to the floor on a party-line vote. In a no-debate, no-hearing process. While looking protesters with disabilities in the eye.
  2. Several Republican Senators express concerns about the Senate bill for varying reasons. Bob Corker thinks it adds too much to the deficit, Ron Johnson worries it doesn’t do enough for small businesses, others worry that their constituents will lose their healthcare coverage, and yet others worry that it will raise taxes on the middle class.
  3. The first vote, on Thursday, is halted when the Senate parliamentarian finds it doesn’t pass requirements. The bill had a clause that said if the tax cuts caused the deficit to increase too much, it would trigger an increase in individual taxes. Not good enough to get past the $1 trillion it was predicted to add to the deficit.
  4. On Friday, Senate Republicans scramble to make deals and get in last-minute changes, and ultimately deliver nearly 500 pages, giving Senators a few hours to read it before the vote. Some of the pages are so fresh, the changes are written in cursive in the margins and some of the words get cut off by the copy machine.
  5. Lobbyists get copies of the marked up bill before the Senators who have to vote on it.
  6. After much deal-making, the bill passes the full Senate in the wee hours Saturday morning. Here’s how they brought in some hold-outs:
    • Susan Collins gets promises of future bills to make sure people don’t lose healthcare and to reduce premiums.
    • Jeff Flake gets a promise that the situation of the Dreamers will be taken care of with a clean bill.
    • Steve Daines and Ron Johnson got a deeper tax break for pass-through corporations.
    • Lisa Murkowski gets to exploit the Arctic National Wildlife Refuge (ANWR) by opening it up to drilling and mining.
  1. THE AARP releases a report showing that millions of seniors’ taxes will go up under the Senate tax plan.
  2. Despite Steve Mnuchin’s repeated assurances that he had a hundred analysts working on the tax bill ramifications, there is no report from the Treasury Department. Normally, the administration would release a report supporting their economic assertions, especially given that most independent analysts have refuted the claims made by the GOP.
  3. The Treasury Department’s inspector general launches an inquiry into what happened at Treasury. Did they create a report and hide it? Did they even create a report? Did they do any analytics?
  4. Here’s a couple random things the bill includes:
    • A repeal of the Johnson amendment, so your priest can tell you who to vote for.
    • Wording that gives personhood to fetuses.
    • Opening ANWR to drilling and mining.
    • A tax on private university endowments except for Hillsdale College, which is funded by the DeVos family.
  1. Marco Rubio says we’ll make up the deficit by cutting Medicare and Social Security down the road.
  2. Republicans have been very candid about the fact that their largest donors have threatened to stop funding the party if they don’t get tax reform through. Some continue to say this is for the people, but big donors get the biggest tax breaks. See the quotes at the end of this recap.
  3. The Congressional Joint Committee on Taxation releases their report on the cost of the tax bill an hour after the vote, which means they passed the bill without knowing the economic ramifications.
  4. The Center on Budget and Policy Priorities publishes a new report finding that 27% of the Bush tax cuts benefited the wealthiest 1%.
  5. Trump thinks a government shutdown would benefit him politically, saying he’ll just blame it on the Democrats and use it as leverage to get funding for his wall.

Elections:

  1. A 1982 federal consent decree in New Jersey on voter rights expires, though the judge says it can be re-opened if violations against voters come up again. The decree was put in place when the Republican National Party was found guilty of voter intimidation and harassment and the RNC was barred from any activity that suppressed the vote. Yes, folks, the Republican party has been trying to suppress minority votes for at least 36 years.
  2. Senator Lindsey Graham says his party should learn something from nominating someone like Roy Moore.
  3. A retired Marine starts a write-in campaign to oppose Roy Moore in Alabama. Apparently there have been a large number of requests on how to write-in a new candidate.
  4. Trump endorses alleged child molester Roy Moore for Senate. Other Republicans who had come out against Moore because of the accusations (like Mitch McConnell) soften their stance and say they’ll let the people of Alabama decide.
  5. The Office of the Special Counsel begins investigating Kellyanne Conway over violations of the Hatch Act for using her office to campaign for alleged pedophile Roy Moore.
  6. Trump pushes Orrin Hatch to run again, likely because he wants to keep Mitt Romney out of the Senate.

Miscellaneous:

  1. Trump’s ethics lawyer resigns.
  2. Trump continues to bring up conspiracy theories in private, to name a few:
    • He questions the legitimacy of Obama’s birth certificate.
    • He says millions of undocumented immigrants voted for Hillary.
    • He says that the Russian investigation will exonerate him by Christmas.
    • He says that the Access Hollywood tape isn’t his voice despite previously saying it was. People around him say he’s convinced it isn’t his voice.
  1. Jeff Flake is the only GOP member of Congress calling him out on these things, while others shake their head and chuckle or refuse to go on record.
  2. Fox News goes off the air for good in the United Kingdom.
  3. Trump arrives in New York City for some fundraisers and is greeted by chants of “Lock him up!” Ah, Mike Flynn’s favorite campaign chant. Look who’s getting locked up now, Mike.

Polls:

  1. One of our parties needs a little more introspection, IMO. Despite the fact that sexual harassment is apolitical (and despite the fact that Republicans have been involved in nearly twice as many (known) sex scandals since 1980):
    • 76% of Republicans think Democrats have a serious problem with sexual harassment.
    • 40% of Republicans think Republicans have a serious problem with sexual harassment.
    • 43% of Republicans think it’s not an issue within their own party.
    • 60% of Democrats think Democrats have a serious problem with sexual harassment.
    • 75% of Democrats think Republicans have a serious problem with sexual harassment.

Stupid Things Politicians Say:

With the passage of the tax bill, members of Congress have just given up on any pretense they’re looking out for our best interests. Here are a few quotes:

  1. Senator Chuck Grassley: “I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.” (Even if he’s right, one group is hoarding and one group is putting their money back into the economy.)
  2. Representative Chris Collins: “My donors are basically saying: ‘Get it done or don’t ever call me again.’”
  3. Senator Cory Gardner: “Donors are furious.”
  4. Senator Lindsey Graham: “The financial contributions will stop [if we don’t pass tax reform].”
  5. Senator Orrin Hatch, on why we can’t fund CHIP yet, says CHIP has done a “terrific job for people who really need the help” and then “I have a rough time wanting to spend billions and billions and trillions of dollars to help people who won’t help themselves, won’t lift a finger and expect the federal government to do everything.” (Yes, those lazy-ass 8-year-olds who won’t help themselves…)
  6. Representative Steve Scalise: “Every time we’ve cut taxes you’ve seen the economy take off.” (Conveniently overlooking the tax cuts during George W. Bush’s entire presidency.)
  7. Donald Trump: “You know, for years they have not been able to get tax cuts, many, many years since Reagan.” (Except for that one time under Clinton, and all those times under Bush, and that time under Obama, I guess.)

Tax Bill Reconciliation

Posted on December 2, 2017 in Taxes

Now that both the Senate and the House have passed some sort of tax reform, they need to reconcile the differences between the two bills and take another vote once they come to an agreement. Here are the major differences:

The Healthcare Mandate

The Senate version eliminates the ACA’s individual mandate, meaning people don’t have to buy health insurance.

The House version keeps the mandate.

It’s estimated that the number of people without insurance would rise around 15% without the mandate.

Permanent and Temporary Cuts

The Senate version makes corporate tax cuts permanent, but lets the individual tax cuts expire.

The House version makes all tax cuts permanent for both corporations and individuals.

The difference here has to do with the Senate’s rules on passing financial bills.

Estate Tax

The Senate version doubles the unified tax credit for estates, but doesn’t repeal the estate tax.

The House doubles the unified tax credit over several years and then repeals it entirely.

Note that only .2% (that’s 1 in 1,000 estates) ever pay any estate taxes. Also note that with the step up in basis, repealing the estate tax means heirs don’t pay any taxes, even on capital gains.

Child Tax Credit

The Senate version increases the child tax credit to $2,000 per child, but certain low-income households wouldn’t qualify.

The House version increases the child tax credit to $1,600, but again certain low-income households wouldn’t qualify.

Both versions prevent undocumented parents from receiving the credit even if the child is a U.S. citizen. Marco Rubio and Mike Lee, both Republicans, tried to expand the credit to low-income households that pay payroll taxes, but it was defeated.

Mortgage Interest Deduction

The Senate version leaves the mortgage deduction as is.

The House version caps the amount of a loan for which interest can be deducted at $500,000.

Tax Brackets

The Senate version keeps the current number of brackets (7), but lowers the top rate to 38.5%.

The House version reduces the number of brackets from 7 to 4, and it looks like those who make the most in the new tax brackets will see a slight decrease in taxes and those at the bottom of each bracket will see a slight increase.

Corporate Tax Rate

The Senate version reduces the corporate tax rate to 20% starting in 2019.

The House version reduces the corporate tax rate to 20% starting in 2018.

But what about simplifying the corporate tax loopholes? I kind of thought that’s what this whole effort was all about.

 

Week 43 in Trump

Posted on November 21, 2017 in Politics, Trump

I’m a little late with this week’s recap; I had a busy week of my own last week! Here’s what happened in week 43. Let me know what I missed.

Russia:

  1. Documents turned over by George Papadopoulos show that Stephen Miller, one of Trump’s top advisors, knew about conversations and potential meetings between campaign members and Russian officials.

  2. Records show that Wikileaks was in contact with Donald Trump Jr. during the 2016 campaign, and that he let Steve Bannon and Kellyanne Conway know about it.

  3. After Wikileaks contacted Don Jr. about leaks, Roger Stone tweets about upcoming leaks.

  4. Fifteen minutes after Wikileaks contacts Don Jr. about dumping more Podesta emails (along with a link to said dump), Trump Sr. tweets praise for Wikileaks, and two days later Don Jr. tweets the link to the email dump.

  5. Roger Stone claims ties to Wikileaks.

  6. Mike Pence denies any ties to Wikileaks.

  7. A House Republican produces a very complex chart linking Clinton and Obama and Uranium One and the Clinton Foundation, etc., etc. However, if you follow all the links, it’s pretty meaningless. Shep Smith does a pretty good breakdown debunking this story.

  8. Sessions says there isn’t enough basis to assign a new special counsel to investigate Hillary Clinton.

  9. The Senate Judiciary Committee says that Jared Kushner didn’t turn over a documents he has about a Russian backdoor overture, Wikileaks communications, and communications with a Russian businessman.

  10. A worker at a Russian troll farm says their job was to turn out a “merry-go-round” of lies, and that trolls worked 24/7 shifts churning out misinformation. He also thinks they were connected to the Kremlin. They worked in different departments and different floors, so they were often commenting on each other’s posts and responding to each other’s comments, which just served to generate discord and start fights on social media. NBC has a pretty interesting piece on it.

  11. As a result of the Manafort charges (and potential charges against Flynn), lobbyists in D.C. scramble to get lawyers and inform the government of any actions they took on behalf of foreign governments that fall under FARA regulations. Before now, prosecutors pretty much looked the other way.

  12. A former CIA director says that Putin outsmarts Trump and that Trump doesn’t understand that it’s OK to tell Putin that you know he’s lying. In fact, Putin expects you to do that.

  13. Members of the Russia elite have invested almost $100 million in Trump properties in the U.S.

  14. Russian ambassador Sergey Kislyak says it would take him too long to name all the Trump officials he met with.

  15. Jared Kushner’s security clearance is still only temporary after 10 months in office.

  16. Trump starts paying his own and some staff’s legal bills. Previously the RNC had been paying.

  17. Christopher Steele, author of the Steele dossier, thinks the report is mostly accurate (70-90%).

  18. Jeff Sessions appears before the House Judiciary Committee again, saying he didn’t lie under oath about knowledge of any Russia meetings and that he just doesn’t remember. He later says he might have pushed back against the idea of meeting with Russian officials.

  19. The U.S. hires a security firm owned by a previous KGB director to guard its embassy in Moscow. That’s almost like the time we agreed to let them build parts of our Moscow embassy offsite… where they placed bugs all over the walls… and then we had to tear it down and build a new one.

  20. It looks like the Russian foreign ministry paid almost $400,000 to embassies around the world for the purpose of financing the 2016 campaign.

Courts/Justice:

  1. Trump’s nominee for a federal court seat fails to disclose that he’s married to senior lawyer in the White House. Brett Talley has also never tried a case and the ABA committee that evaluates appointees unanimously deemed him unqualified. Standard process is to have the ABA evaluate candidates before making an official nomination, and to pass over any candidates deemed to be unqualified.

  2. Trump adds five more names to his list of potential supreme court nominees even though there’s no vacant seat.

  3. Trump’s nominees to the courts are largely white men, with 91% being white and 81% being men (and 74% being both).

  4. The above will move the courts away from the trend of becoming more reflective of our national demographics and back toward the standard white male dominance of the past.

  5. Less than two weeks after Trump expresses frustration with the DOJ for not investigating Hillary Clinton, Jeff Sessions says they’ll look into a special prosecutor. Sessions later says there is no cause for a special investigation against Hillary.

  6. Just a reminder, in Sessions’ confirmation hearing, he said he’d recuse himself from any matters surrounding Clinton’s emails and the Clinton Foundation.

  7. The government legal team, funded by us taxpayers, defends Trump in four lawsuits around him not divesting from companies that could lead to conflict of interest, especially around foreign governments. The case they’re making is not that Trump didn’t do anything wrong, it’s that it isn’t unconstitutional for the president to earn money from foreign governments and officials while he’s in office.

  8. Chuck Grassley has decided to ignore the traditional blue slip rule around judiciary nominations. By bypassing this tradition, he’s able to load the courts with conservative judges without any input from a state’s Senators.

Healthcare:

  1. The Senate includes a repeal of the ACA mandate in their tax plan. It could save around $300 billion, but will also cost around 13 million people their healthcare coverage. We’d also see a drastic premium hike.

  2. Despite administration efforts to starve the ACA, almost 1.5 million people signed up in the first two weeks.

International:

  1. A sampling of what Asia thinks of us after Trump’s Asia trip:

    • “The U.S. has lost its leadership role,” said Jayant Menon, an economist at the Asian Development Bank. “And China is quickly replacing it.”

    • “At some point, the administration may begin to see that this was a strategic mistake and that dropping out of trade is not in the interest of American workers,” said Rufus Yerxa, president of the National Foreign Trade Council, a lobbying group that represents companies like Wal-Mart, Ford and Microsoft.

  1. Trump says that Air Force One once wasn’t allowed to land in the Philippines while Obama was traveling there because relations between the two countries were so bad. That never happened.

  2. European countries detect a waft of radiation in their airspace. It’s suspected to have originated in Russia.

  3. Trump and China’s President Xi Jinping disagree about North Korea. Trump wants denuclearization, but China wants to freeze North Korea’s nuclear program and for the U.S. in return to freeze military drills with South Korea.

  4. Some nations that are frustrated by trying to work with Trump’s administration are now working directly with some of our largest states and cities instead. They feel that no one in the White House knows anything about international issues.

Legislation/Congress:

  1. Five House Democrats introduce articles of impeachment against Trump. The articles include obstruction of justice, violations of the emoluments clauses, undermining the federal judiciary, and undermining freedom of the press.

  2. The bribery trial for Senator Bob Menendez ends in a mistrial, leaving open the possibility of a retrial.

  3. A bipartisan group of Senators introduce gun legislation to improve the background check system.

  4. Several members of Congress raise concerns about Trump’s nuclear powers. The Senate Foreign Affairs Committee is working on oversight measures over concerns about Trump’s stability.

Travel Ban/Immigration/Discrimination:

  1. The Trump administration begins taking steps to make it easier to seize private property around border lands to build the wall. Even though Congress hasn’t approved any funds for a wall.

  2. Cards Against Humanity buys border land in order to block the wall, and opens it up for their customers to contribute to the project in return for surprise holiday gifts. The program sells out in just a few hours.

  3. The number of new international students coming to the U.S. declined 7% this fall. 45% of campuses report a drop.

  4. A federal court allows part of the travel ban to take effect, banning certain refugees from coming to the U.S. All three of the attempted travel bans have been blocked at least in part.

  5. Australia votes overwhelmingly to legalize gay marriage.

  6. Kentucky tries to shut down their last remaining medical facility that provides abortions.

  7. Did you know? Taxpayers pay for sexual harassment settlements against members of Congress. So far we’ve paid $15 million to hide their sexual misconduct.

  8. Trump has threatened to withhold money from sanctuary cities, but a federal judge rules that the administration can’t do that.

  9. The DNC says they’ll accept the DACA applications that were delayed by the US Postal Service and thus missed the deadline.

  10. Elaine Duke capitulates to John Kelly’s request and agrees to give Haitians here with Temporary Protected Status (TPS) 18 months to leave the country. There are over 60,000 Haitians here on the program, many of whom now own homes and have children who were born here.

Climate/EPA:

  1. Trump sends a coalition of fossil fuel industry experts to the UN’s climate change summit in Bonn. They’re greeted with protests and are heckled during their presentation.

  2. Our only appearance at this summit was a presentation on how fossil fuels are vital to reduce poverty and save jobs. They basically say the economy is more important than the environment or climate, and don’t provide any leadership on climate-related issues. The U.S. used to be a leader at this summit.

  3. At the same summit, Canada and Mexico announce a new partnership with 15 U.S. states on climate issues, bypassing the Trump administration entirely.

  4. French President Macron says that with the U.S. refusing to finance the UN’s Intergovernmental Panel on Climate Change (IPCC), France will pay the U.S.’s share.

  5. As part of his ongoing efforts to reverse everything Obama did, Trump reverses Obama’s ban on importing elephant trophies, otherwise known as “body parts.” Elephants are endangered species, and Obama enacted the ban to discourage hunters from killing them. In addition, the U.S. Fish and Wildlife Service (FWS) has already started allowing hunters to import lion body parts.

  6. After a huge public outcry, which seems to come as a big surprise to Trump, he puts this decision on hold.

  7. Trump plans to shrink Grand Staircase – Escalante by half and also plans to shrink Bears Ears. This will make him the first president to ever shrink a national monument designated by a previous president.

  8. The Keystone pipeline springs a leak in South Dakota, dumping 210,000 gallons of oil. Note that this is not the same Keystone XL pipeline that was delayed under Obama.

  9. After chemical companies ask the Trump administration to ignore the conclusions of studies over the past several years, the administration files a motion to extend the evaluation period by two years. Two years during which the use of three pesticides found to cause health issues will be continue.

  10. Puerto Rico update: Troops begin to pull out of Puerto Rico, along with supply helicopters that served communities that are cut off. More than half of homes still don’t have power and over 10% of homes still don’t have clean drinking water.

Budget/Economy:

  1. Paul Ryan puts Republican Representatives in blue states with high rates of state income tax in a tight spot. If they approve a tax bill that removes the state and local at deductions, it could put their reelection in jeopardy. If they don’t pass the bill, they’ll be ostracized by Republican leadership and Trump.

  2. But the bill passes the House anyway.

  3. The Senate version of the tax bill passes through committee and is expected to go to the floor for a vote in a few weeks. Here’s a summary of the two bills: http://cjrules.com/gop-tax-plan-fall-2017/

  4. The Senate doesn’t have Republican consensus on their version of the tax bill yet.

  5. Steve Louro resigns as regional finance director for New York’s Republican Party saying the tax bill will hurt the middle class and will hurt Republicans.

  6. At an event where Gary Cohn is interviewed in front of a gathering of CEOs, Cohn is surprised to find that very few CEOs plan to increase investment in their company or employees if they receive a tax cut. Billionaire Mark Cuban agrees that tax rates have almost no impact on investment.

  7. The House passes a defense policy bill to the tune of $700 billion, more than what Trump asked for and about $150 billion over their spending cap.

  8. The Wall Street Journal reports that manufacturing is up in the U.S. due to global growth and optimism, even though none of Trump’s promises have been implemented yet.

  9. Richard Cordray steps down as director of the Consumer Financial Protection Bureau (CFPB), leaving the agency’s future in question. The agency was created under Obama in response to the financial crisis with the purpose of protecting consumers from unscrupulous actions by financial institutions. Republicans have long criticized the agency.

  10. Trump asks for another $44 billion in disaster relief, and it’s criticized by leaders from all affected states for not being adequate. Relief for the victims of California’s wildfires isn’t even mentioned.

Elections:

  1. A fifth woman comes forward accusing Roy Moore of sexual misconduct, this time including assault. By the end of the week, eight women have accused him of sexual misconduct.

  2. Mitch McConnell urges Roy Moore to step down from the Alabama senatorial race, saying he believes the women who accused Moore of molesting minors.

  3. The Alabama GOP sticks with Roy Moore, though support is dropping.

  4. Senate Republicans continue to look at their options in Alabama, including having Luther Strange resign which would trigger a new special election. Sorry, but this just shows a lack of interest in the democratic process, IMO.

  5. Mitch McConnell suggests that Jeff Sessions could step down and run as a write-in candidate to replace Roy Moore.

  6. Pastors and party leaders in Alabama continue to support Moore and rationalize his actions.

  7. FoxNews fans break their Keurigs online after the company pulls its ads from the Hannity show as a result of Hannity continuing to support Roy Moore.

  8. Rush Limbaugh excuses Roy Moore’s conduct with teenagers by saying Moore was a Democrat at the time he engaged in the sexual misconduct.

  9. Alabamans receive robocalls from someone pretending to be a Washington Post reporter offering people money to lie about child molestation in order to frame Roy Moore.

Miscellaneous:

  1. Trump nominates a new HHS secretary to replace Tom Price. This time he nominates a former pharmaceutical executive, Alex Azar, who stepped down as president of Eli Lilly earlier this year.

  2. There’s another mass shooting, this time in California, after which Trump accidentally tweets condolences about the mass shooting that happened in Texas.

  3. In a break with tradition, Trump won’t personally greet the American Nobel laureates before they go to Sweden to receive their prizes.

  4. The administration will also break with tradition by discontinuing the White House Science Fair.

  5. The Trump Organization reported income of $9.5 billion last year to Crain’s, but federal filings indicate the number to be closer to $600 or $700 million.

  6. H.R. McMaster reportedly calls Trump a dope with the smarts of a kindergartener.

  7. In a 3-2 vote, the FCC loosens media ownership rules in order to pave the way for the merger between Sinclair and Tribune. Critics say this will lead to less diversity in media, but others say the existing rules are too strict for the new kinds of media.

  8. The FCC also votes to restrict and cap the Lifeline program introduced by Ronald Reagan. The program subsidizes phone services for the poor, so this could cut people off from society and employment. The program came under attack under Obama when the program was misattributed to him and labelled “Obamaphones”.  Seemed like a good idea under Reagan…

  9. Sexual misconduct accusations keep coming. Al Franken is the latest to be accused. A fellow USO performer says he groped and forcibly kissed her, and a woman who took a picture with him 10 years ago says he grabbed her butt. Franken apologizes to the first accuser both publicly and privately, and says he supports an ethics investigation.

Polls:

  1. The U.S. drops from number 1 to number 6 this year in the Anholt-GfK nation brand index study. This study reflects the global perception of different countries. We were the only top-10 country to see a decline. Our previous low was after George Bush was reelected in 2004 and we hit number 7.

  2. 52% of voters don’t like the Republican tax plans, and 25% approve of the plans. 61% think the wealthy will mostly benefit.

GOP Tax Plan, Fall 2017

Posted on November 6, 2017 in Taxes

Here are summaries of both the House and Senate tax bills. The general consensus is that taxes will go down for everyone in the short term, but will increase for most middle and lower income earners in the long term. In the Senate version, many of the changes expire for individual taxes, but they don’t for corporate taxes. So in the long run, big corporations and the wealthy will see big tax savings, but the rest of Americans will likely see hikes.

The House Bill:

The House Republicans released their tax plan, which was supposed to simplify the tax code but doesn’t really seem to do that. Here are some of the highlights of the plan. I find the last two particularly interesting.

  • Keeps the 39.6% tax rate for the wealthiest ($1 million and over in income for married couples)
  • Caps the mortgage interest deduction for newly purchased homes at $500,000 (down from $1 million)
  • Allows only up to $10,000 of property tax to be deducted from federal taxes
  • Increases standard deductions
  • Consolidates the tax brackets (this will be good for some, not so good for others)
  • Expands child and dependent tax credits
  • Eliminates deductions for student loans and medical expenses
  • Eliminates the adoption tax credit
  • Eliminates the state and local tax deduction
  • Eliminates the deduction for your tax preparer
  • Eliminates deductions for losses from theft and disasters
  • Eliminates deductions for moving expenses and biking to work
  • Repeals the Alternative Minimum Tax (ATM)
  • No changes to 401Ks or charitable contribution rules
  • Lowers the corporate tax rate to 20% and pass-through tax rate to 25%
  • Caps interest deductions at 30% of interest paid
  • Places a one-time tax on repatriated foreign business profits and there’s an eight-year repatriation payout
  • Abolishes the tax credit for electric cars (though car makers have already expanded their lines and can’t turn back now)
  • Raises the retirement age by two years
  • Removes tax deductions for alimony
  • Repeals the Johnson Act, allowing religious officials to promote candidates and policies
  • Codifies the religious definition of life: “An unborn child means a child in utero.” And “A child in utero means a member of the species Homo sapiens, at any stage of development, who is carried in the womb.”
  • Doubles the estate tax exemption immediately and repeals the tax completely in 2024. 70% of Americans think they’ll be affected; 75% think this tax could force the sale of family businesses and farms. In actuality, 2 in 1000 deaths result in any estate tax.

The Senate Bill:

This bill is very similar to the House bill but with a few new surprises:

  • Delays the corporate tax cut by a year
  • Reduces taxes for oil companies with foreign operations
  • Reduces taxes for beer, wine, and liquor producers
  • Repeals the ACA mandate, which would raise premiums and knock millions of people off insurance
  • Fully repeals state and local tax deductions (the House repeal is partial)
  • Keeps the mortgage interest deduction
  • Maintains seven tax brackets instead of reducing to four
  • Puts an expiration date on individual tax changes
  • Gives additional deductions to pass-through businesses, but they expire
  • Keeps deductions for medical and college expenses
  • Expands tax-free 529 savings accounts to include K-12 instead of just college expenses
  • Doesn’t repeal the estate tax
  • Gives deductions to new investments for corporations
  • Raises the threshold for the ATM instead of getting rid of it completely
  • Doubles the deductable amount for teachers to by supplies
  • Keeps deductions for education and tuition waivers
  • Increases allowable medical deductions
  • Opens up the Arctic National Wildlife Refuge for drilling
  • Increases the amount of time you must live in your home before getting a break on capital gains