The House of Representatives passed the final version of the GOP tax bill Tuesday, with the Senate to following close behind. Most Republican members of Congress are heralding the plan’s giant, permanent tax cut for corporations as the reason behind their support. The GOP argues that when corporations get a tax cut, they put that money toward creating more jobs and raising wages.
But history shows that just isn’t correct — and history may be about to repeat itself.
In an interview with CNN Money, Wells Fargo CEO Tim Sloan made it clear what he plans to do with the corporation’s tax windfall — and it doesn’t benefit the average American worker.
“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan told CNN Money. “So our expectation should be that we will continue to increase our dividend and our share buybacks next year and the year after that and the year after that.”
Oleg Deripaska’s private jet — M-SAWO — on December 22 flew Moscow-Miami — landed at Miami approximately 4am local time 12/23.
Dmitry Rybolovlev’s private jet — M-KATE — flew on December 22 San Jose, Costa Rica to Miami.
So as of December 23 we have Deripaska’s plane and Rybolovlev’s plane in Miami and Trump in Mar-a-Lago.
Oleg Vladimirovich Deripaska (Russian: Оле́г Влади́мирович Дерипа́ска; born January 2, 1968) is a Russian oligarch and philanthropist. He is the founder and owner of one of the largest Russian industrial groups Basic Element. He is the president of En+ Group and United Company Rusal, the second largest aluminum company in the world. He also is a close associate of Vladimir Putin and Paul Manafort.
Dmitry Yevgenyevich Rybolovlev (Russian: Дмитрий Евгеньевич Рыболовлев; born 22 November 1966) is a Russian businessman, investor, and philanthropist. Rybolovlev owned the potash producer Uralkali. He is noted for his 2008 purchase of a Palm Beach, FL, mansion for $95 million from Donald Trump. Trump had paid $40 million for the mansion and was deeply in debt. The profit on the mansion allowed Trump to pay off some of his debt. Rybolovlev’s private jet also was seen during the 2016 US presidential campaign at several locations where Trump was campaigning. As with all the Russian oligarch’s, Rybolovlev is closely tied to Vladimir Putin.
Meanwhile, according the boat traffic sites, the yacht “Sea Owl” — that belongs to Robert Mercer, Steve Bannon’s financier — is now in Palm Beach.
Just after signing the Republican tax cut bill on Friday, President Donald Trump returned to a familiar weekend getaway: his Mar-a-Lago resort in Palm Beach, Florida. That night at dinner, he told friends, “You all just got a lot richer,” according to CBS News.
Despite saying in 2016 that if elected president, “I’m not going to have time to go play golf,” Trump has often sought refuge at several properties he owns. According to NBC News, he has visited one of his properties, most of which are golf resorts, on 109 days this year — nearly one-third of his presidency so far.
And these visits come with a cost. Trump has used tens of millions of taxpayer dollars to subsidize numerous trips to his properties in 2017. The big price tag covers travel on Air Force One, cargo planes and expenses for White House aides and the fleet of security that accompany him.
One trip to the so-called “Winter White House” may cost taxpayers $3.6 million or more, although exact estimates are difficult to make. An estimate by the website trumpgolfcount.com puts the total cost to taxpayers this year at more than $42 million. Local governments have to pitch in, too. The Palm Beach County Sheriff’s Office estimates that it costs roughly $60,000 per day in overtime pay for officers when Trump is at Mar-a-Lago.
Mar-a-Lago is a club accessible only to the wealthy; it costs $200,000 to join and $14,000 per year in membership fees. Trump’s statement to friends on Friday describes one of the biggest effects of the tax legislation; the bill primarily advantages those at the top of the income scale while many middle- and low-income Americans will see their tax bills increase by 2027.
Per NBC, Trump has spent 37 days at Mar-a-Lago since becoming president. The only property Trump has visited more often is his Bedminster golf resort, where he’s spent 39 days.
Courtesy of the New York Times:
Late to his own meeting and waving a sheet of numbers, President Trump stormed into the Oval Office one day in June, plainly enraged.
According to six officials who attended or were briefed about the meeting, Mr. Trump then began reading aloud from the document, which his domestic policy adviser, Stephen Miller, had given him just before the meeting. The document listed how many immigrants had received visas to enter the United States in 2017.
More than 2,500 were from Afghanistan, a terrorist haven, the president complained.
Haiti had sent 15,000 people. They “all have AIDS,” he grumbled, according to one person who attended the meeting and another person who was briefed about it by a different person who was there.
Forty thousand had come from Nigeria, Mr. Trump added. Once they had seen the United States, they would never “go back to their huts” in Africa, recalled the two officials, who asked for anonymity to discuss a sensitive conversation in the Oval Office.
As the meeting continued, John F. Kelly, then the secretary of homeland security, and Rex W. Tillerson, the secretary of state, tried to interject, explaining that many were short-term travelers making one-time visits. But as the president continued, Mr. Kelly and Mr. Miller turned their ire on Mr. Tillerson, blaming him for the influx of foreigners and prompting the secretary of state to throw up his arms in frustration. If he was so bad at his job, maybe he should stop issuing visas altogether, Mr. Tillerson fired back.
Tempers flared and Mr. Kelly asked that the room be cleared of staff members. But even after the door to the Oval Office was closed, aides could still hear the president berating his most senior advisers.
Of course the White House denied that this incident ever happened:
Sarah Huckabee Sanders, the White House press secretary, denied on Saturday morning that Mr. Trump had made derogatory statements about immigrants during the meeting.
“General Kelly, General McMaster, Secretary Tillerson, Secretary Nielsen and all other senior staff actually in the meeting deny these outrageous claims,” she said, referring to the current White House chief of staff, the national security adviser and the secretaries of state and homeland security. “It’s both sad and telling The New York Times would print the lies of their anonymous ‘sources’ anyway.”
That denial might have a little more credibility if it did not come from the same White House that stated emphatically that Trump’s inaugural crowds were the largest ever, and that the Mueller investigation will exonerate Trump by Christmas.
This sounds so much like something Trump would say that I am surprised Alec Baldwin has not already used it in an SNL skit.
However, on the plus side, we are now learning that Trump hates everyone with dark skin, not just Mexicans and Muslims.
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