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President Donald Trump is proposing more tax cuts for the rich. He claims there will be no loss of federal revenue with his tax cuts. This is the standard Republican Party Establishment lie.

Given that Trump’s plan is similar to what Trump proposed on the campaign trail, the Committee for a Responsible Federal Budget (CRFB) did a rough cost estimate of his latest ideas and concluded they could cost $5.5 trillion in lost revenue during the first decade.

CRFB estimates the overall cost could go as high as $7 trillion if limits on tax breaks that the plan suggests apply only to high earners. Or the cost could fall to $3 trillion “assuming credits and exclusions are eliminated as well as deductions.”

This means sharp cuts to programs the middle class and poor need, while, no doubt, keeping welfare programs for the rich, such spending more on the military than the next 25 nations combined, 24 of whom are US allies. Corporate subsidies are also welfare for the rich since they help keep corporate profits and the stock market bubble growing, all of which mostly redounds to the rich.

Oh, and we can’t forget the next biggest lie; tax cuts for the rich trickles down the the 99 percent in the form of jobs. There is not one shred of evidence that giving tax cuts to the rich has created a single net job. There is plenty of evidence, on the other hand, that tax cuts for the wealthy have destroyed millions of US jobs.

That’s because the rich usually invest their tax cuts gains in the stock, bond and political markets. They buy up politicians by the barrel full and then have their politicians pass legislation that will keep inflating their stock, bond and housing bubbles, which means exporting millions of jobs overseas and then redistributing the difference between the old higher US pay and the new lower third world slave labor pay to the rich via higher corporate profits, surging stock and bond markets, and rising dividends.

In the meantime, due to the reduced tax revenue, our roads and bridges will continue to crumble, our public schools will continue to be financially gutted, the cost of entering a public park will continue to rise, the unemployment rate will rise, and so on and so forth.

Don’t be fooled by the same lies President Ronald Reagan and Dick Cheney and Arthur Laffer fed us. Tax cuts for the rich will not pay for themselves, nor will they create jobs, but they will corrupt your government more, and it is already the most corrupt in the developed world. Both major political parties are corrupted to the core.

 

This suggests that any working class concerns addressed by Trump during the campaign has been rendered moot. Trump, in other words, is now completely owned and 100 percent influenced by Wall Street and the Republican National Committee and their corporate owners.

By the way, a story in Newsweek puts it a little less scary than I. “‘…while major tax cuts have been enormously beneficial to the wealthy by reducing their taxes and increasing their incomes the most, the distribution of benefit for working people has been comparatively negligible. That is not the argument of some liberal politician—it was the finding of Martin Feldstein, the chief economic adviser to President Ronald Reagan, in his analysis of the Tax Reform Act of 1986.'”

Feldstein, in other words, said the creation of jobs by tax cuts for the rich “has been comparatively negligible.”

Click here for the full Newsweek story.

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On Sunday April 23, Bernie Sanders said, “The Democratic Party’s model is failing,” and if voter turnout doesn’t grow “there is no future forward for the Democratic Party.”

Now how about that? The Democratic Party is controlled by billionaires and the grassroots is drifting away. They ran Walmart/Wall Street candidate Hillary Clinton for US president and lost to an outsider who said outrageous and pretty stupid stuff in 2016. Of course, Donald Trump also kicked the crud out of 16 other contenders for the Republican Party nomination, so maybe the Republican grassroots are tired of the other billionaires that control their political party.

“Well,” Sanders said. “I think what is clear to anyone who looks at where the Democratic Party today is that the model of the Democratic Party is failing,” Sanders said on “Face the Nation.” “We have a Republican president who ran as a candidate as the most unpopular candidate in the modern history of this country. Republicans control the House, the Senate, two thirds of governors’ chairs.”

“And in the last eight years, they have picked up 900 legislative seats,” Sanders continued. “Clearly the Democratic Party has got to change. And in my view what it has got to become is a grassroots party. A party which makes decisions from the bottom on up. A party which is more dependent on small donations than large donations. A party… that speaks to the pain of the working class in this country.”

Sanders, who ran against former Secretary of State Hillary Clinton for the Democratic presidential nomination in 2016, is on a “unity” tour across the country with Democratic National Committee Chairman Tom Perez to reinvigorate the Democratic base. The Vermont senator said the party must “take the lead” on issues that matter to the working class to increase voter turnout and “regain control of the United States Congress.” He failed to mention this is unlikely to occur with the billionaires in control of the party.

“So what we have got to do and what Democrats have got to do is go all over this country, start getting into those red states which have been ignored for decades, start growing the voter turnout,” Sanders said. “Having an agenda which brings people together to say that, ‘In the richest country in the history of the world, yeah. You know what? We can have health care for all people as a right. We can raise the minimum wage to $15 an hour. No, Donald Trump is not right. Climate change is not a hoax. It is a major planetary crisis.’”

Of course, none of this is going to happen until the next recession begins this summer because the billionaires don’t want it to occur. After the brunt of the recession begins to hit in earnest some months later, voters of the Democratic Party will hopefully chase out the billionaires because a series of grassroots movements has already formed though they have not coalesced except to be anti-Trump. This, of course, means these movements against Trump have a striking resemblance to the Tea Party that dogged President Obama during his eight years. The Koch Brothers primarily fund the Tea Party and exercise significant control over its leadership.

The problem with many of the grassroots who are involved in the Democratic resistance to President Trump is what also ails Tea Party grassroots members, which was an attitude of “Obama bad, anything Republican good.” Many members of the Democratic grassroots resistance follow a similar small minded path, only it’s “Hillary good: Trump bad,” and “Democratic Party run by billionaires good; Republican Party run by different bunch of billionaires bad.”

Too few of these people don’t realize they need to kick the billionaires and millionaires and their plutocrats like Hillary and Bill Clinton out of the Democratic Party. If they fail to achieve this, they will simply be used by the billionaires who control the Democratic Party to defeat Donald Trump in the next presidential election rather than cleaning their own house. The corruption in both major political parties stinks like two pigsties.

When Tom Perez became Chairman of the Democratic Party by defeating Democratic Minnesota Congressman Keith Ellison the grassroots lost to the billionaires, and many of them didn’t even know it. This means the grassroots resistance has yet to influence the Democratic Party in any meaningful way. This suggests that if the Democratic Party bosses successfully use the grassroots resistance to unseat Donald Trump in 2020, it’s still going to be business and corruption as usual.

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Neil Gorsuch, Donald Trump’s nominee to be the next US Supreme Court justice, is completely unfit for the office. There are a myriad of reasons why this is so. The most damning thing is that he thinks corporations are people.

That’s been the slogan repeated by conservatives for over a hundred years, and yet, corporations are purely and only an idea of a business structure that sprang forth from somebody’s mind and not from a woman’s womb. Conservatives, and Gorsuch in particular, haven’t figured out the difference between babies that spring forth from a woman’s womb, and an idea that originated from a human brain.

Anybody who has not figured out the difference is not mentally fit to sit on the bench of the United States Supreme Court. That really means that none of the conservative justices, and perhaps a few of the liberal justices as well, are not mentally fit to serve on the highest court. Yet, there they are, and that’s because the US Supreme Court is a battle ground between persons with legal rights protected under the US Constitution, and the corporations used by the rich and powerful to take those rights away, as much as possible. The rich have used this argument to provide themselves with greater legal rights through their corporations, since those corporations are managed and largely owned by the 1 percent.

Ergo, the idea that publicly traded limited liability corporations are persons protected by the US Constitution is simply a legalistic slight-of-hand maneuver that has succeeded to undermine the original intent of the founding fathers to establish and protect individual rights, and twist the law in favor of the rich and against the 99 percent. That is the sole purpose of using this lie in legal matters.

Gorsuch takes this anti-original intent further than most conservatives. He ruled that a truck driver should have frozen to death in his tractor rather than abandon his load and get to safety. Whenever possible, he has ruled for corporations and against people, as if working persons are disposable raw material whose sole purpose is to generate profits for corporations. Those profits primarily redound to the benefit of the rich.

Gorsuch does not care about original intent when it comes to the US Constitution. He is a judicial champion of the billionaires and their corporations in their war against the 99 percent.

Who among the founding fathers said that corporations were people? Who among them said that an idea of a business structure from somebody’s mind had the same constitutional protections as a person conceived in a woman’s womb? Not a single one of them said or wrote or implied such a thing, so far as I can discover.

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US Supreme Court nominee Neil Gorsuch is either too stupid, too politically corrupt, or too ideologically corrupt to be the next member of the United States Supreme Court. This guy actually believes that an idea has the same rights, responsibilities and legal protections as any person in the United States. Gorsuch is no dummy, so he must be financially or ideologically corrupt.

Gorsuch believes business corporations are people. That’s been the slogan repeated by conservatives for over a hundred years, and yet, corporations are purely and only an idea of a business structure that sprang forth from somebody’s mind and not from a woman’s womb. Conservatives faked not figuring out the difference between a mind and a womb a long time ago, and in particular they faked they didn’t understand the legal difference between an “idea” from a human mind and a person from a “woman’s womb.” This concept does not befuddle them. Far from it, but the concept that corporations are persons has been used to twist the law in the favor of the rich and against the 99 percent. That is the sole purpose of using this lie in legal matters.

Government enacted legislation that provided a legal framework for business corporations to exist, and within the legal framework were the words “artificial person.” As any honest judge who looks to the US Constitution for original intent can determine, the word “artificial” does not appear in the great document, and therefore anybody with half a brain can determine that ideas called business corporations have no legal rights via the US Constitution. But this is a game to rig the law in favor of the rich and powerful. Besides, if somebody calls a dog a human being, does that make the dog a human being? Of course not. Gorsuch is no dummy. He knows all this, but his agenda has always been to increase the wealth and prosperity and political power of the rich at the expense of the 99 percent, and so he will maintain this lie of an idea being legally equal and having the same legal protections as real people.

Corporations are the principal conduit through which income and wealth are redistributed from the 99 to the 1 percent. For example, Wall Street would not exist in its present parasitic form if corporations did not exist. Conservatives, and I should point out certainly not all of them, pushed the legal idea that corporations are persons simply to twist the laws in their favor. They’ve done a great job.

United States Senator Elizabeth Warren said it best about Wall Street Supreme Court candidate Neil Gorsuch;

“On the bench (Gorsuch), his judicial decisions show a remarkable ability to shape and re-shape legal arguments in ways that benefit large corporations and disadvantage ordinary people seeking justice. In the Burwell v. Hobby Lobby Stores case, when he had to choose between the “rights” of corporations and the rights of women, Gorsuch sided with corporations. In consumer protection cases, when he had to choose between the “rights” of corporations and the rights of swindled consumers, Gorsuch sided with corporations. In discrimination cases, when he had to choose between the “rights” of corporations and the rights of employees to be free from harassment and abuse, Gorsuch sided with corporations.

Gorsuch has taken positions that are even more extreme than his extremely conservative colleagues. When it comes to the rules that protect public health and safety, Gorsuch is more radical than Scalia was. Gorsuch believes that courts should not be required to defer to expert agency interpretations of their governing laws. If he had his way, he’d make it even easier for corporations to challenge health and safety rules that prevent them from polluting our air and water, poisoning our food, undermining public safety, or cheating people out of their hard-earned savings.

Big companies and rich right-wing billionaires are spending top dollar to help a judge like Gorsuch get over the finish line. But that’s not how our court system is supposed to work. Our courts are supposed to be neutral arbiters, dispensing justice based on the facts and the law — not the party with the most money or political power.” (Click here for Warren’s complete op-ed on Gorsuch)

If the Democrats gave a rat’s ass at all about the 99 percent, and most don’t because they primarily represent their billionaire benefactors, they would fight tooth and nail and nuclear bomb against Gorsuch, who is nothing more than a corrupt legal assassin of the bottom 99 percent.

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A month ago, I wrote the Democrats would do anything to prevent the Republicans from using the nuclear option, and so too would the Republican Party leadership. See President Trump, Neil Gorsuch and the Nuclear Option That Won’t Happen–JohnHively.Wordpress.com. Right now, it takes sixty votes to pass anything through the senate, otherwise the opposition will filibuster whatever it is. However, the senate can vote to end the filibuster, which means a simple majority vote is all it will take to pass anything through the senate, such as legislation or Neil Gorsuch’s nomination to be the next US Supreme Court justice.

Politico now reports the Democrats are negotiating with Republicans to allow Gorsuch to become the next Supreme Court Justice in exchange for not eliminating the nuclear option on a future US supreme court nominee. See Democrats Weigh In On Deal–Politico.com.

This would allow Gorsuch to become a US Supreme Court justice on a simple party line up and down vote. Forty-eight Democrats will vote against him, and fifty-two Republicans will vote for him, and the deal will be done.

Quite naturally, the corporate media will not mention the last thing the Republican leadership wants to do is use the nuclear option, just like the corporate wing of the Democratic Party doesn’t want to use it.

If the Republicans use the nuclear option for Gorsuch’s nomination, the Republican grassroots would then insist the Republican Party leadership use the nuclear option to pass anti-abortion legislation, thereby ending the Republican leadership’s best wedge issue uniting the billionaire corporate wing of the party with middle and working class evangelical Christians, many of whom might then decide to vote on bread and butter issues during the next presidential race with such progressive Democrats as Bernie Sanders and Elizabeth Warren. No, the billionaires don’t want that.

With control of the US house, senate and presidency, this is a golden opportunity for the Republican leadership to pass strong anti-abortion legislation, if they really wanted to, and no, they don’t want to. The Democrats couldn’t stop them if they tried to, provided an old fashioned up and down vote can take place in the senate. That won’t happen.

The other billionaires who control the Democratic Party don’t want to use the nuclear option as well, and for simple financial reasons. One day the Democrats will have control of all three branches of the US government, and the Democratic grassroots will want the Party to pass stronger labor union legislation, a higher minimum wage, renegotiate the trade treaties that allow the billionaires to export US jobs so they cannot do so (Grassroots Republicans also want that), pass a single payer health care bill, and on and on. None of these, of course, would be in the interests of the billionaires who control both parties.

The Republican and Democratic grassroots are being played by the billionaires and their politicians in high places. We’ve been played for decades. The nuclear option has not been used precisely because doing so would end the legislative gridlock that has stopped the above issues from being determined. The billionaires win with gridlock, and all at the expense of the rest of us. The rest of us win when the nuclear option is used.

So expect a deal will be made between the Democrats and the Republicans that will allow Neil Gorush to become the next US Supreme Court Justice without the use of the dreaded nuclear option. Of course, it’s the billionaires who dread it.

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The rich are about to win politically again through their corruption of the federal government.

President Trump has wasted no time in taking aim at the Affordable Care Act (ACA), otherwise known as Obamacare. Joint research from the Urban Institute and the Robert Wood Johnson Foundation show up to 30 million Americans may lose their healthcare coverage if the ACA is repealed. For high-income investors, however, the end of Obamacare could bring a financial windfall.

Rebecca Lake of Investopedia.com points out that individuals earning over $200,000 and couples filing jointly and earning over $250,000 a year pay an additional 0.9 percent Medicare tax helping to fund the ACA. In addition, another “provision is the 3.8% net investment income tax. This tax applies to capital gains on investments and it follows the same income thresholds as the additional Medicare tax.” Capital gains is money earned through the sale of assets, such as stocks and bonds.

Repealing Obamacare would put significant amounts of money back into the pockets of the rich, who would then use their newly created windfall to pump more money into the current stock market bubble, blowing it up even more and blowing away the economy much more severely when it explodes, as well as use the funds to corrupt government even more in their favor. The rich already own the entire Republican Party, and most of the Democratic Party.

“An analysis by the Center on Budget and Policy Priorities has found that millionaires would stand to get an 80% tax cut if the additional Medicare tax and the tax on net investment income were to disappear. The average tax break for those earning more than $1 million annually would total just over $49,000.” The 400 biggest income earners would receive a tax cut of over $7 million each. That would be a tax cut every year for infinity for the folks who have corrupted both major political parties and rigged the economic and political game in their favor.

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No doubt, any replacement for the ACA will be written to shift the tax burden from those who have political and economic power to those who do not. In other words, the Republicans and President Trump are redistributing income and wealth from the 99 to the 1 percent via repeal of the ACA. The Republicans are likely setting up some form of death panels by simply repealing the ACA and replacing it with something that will be underfunded.

Read more: Why a Repeal of Obamacare Could Be a Boon for Wealthy Investors | Investopedia http://www.investopedia.com/insurance/why-repeal-obamacare-could-be-boon-wealthy-investors/#ixzz4aqwCkpYw
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Rexnord Corporation is closing its ball bearings plant in Indiana, laying off its 350 workers, and exporting those jobs to Mexico. In addition, as part of its US workers severance package, many of those workers are training their Mexican replacements, who will $3 an hour with no benefits. John Feltner is a machinist earning $25 an hour in the Indianapolis, Indiana plant. He resents having to train his replacement, but he’ll lose his severance package of $5,000 if he refuses.

Most of the difference in pay between US and Mexican workers will go straight into the pockets of wealthy shareholders. Rexnord’s share price peaked at $30.82 in April 2014. It’s been dropping ever since. It hit a low of $14.72 on January 15 2016, rose a tad, and has stayed stagnant since, hovering around $22. No doubt CEO Todd Adams is hoping that exporting jobs to Mexico will increase its bottom line and attract investors to bid up the share price and his compensation. His CEO pay is tied to the share price thanks to legislation signed by then President Bill Clinton.

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Exporting jobs and CEO pay tied to corporate share price are two of the biggest factors in the widening gulf between the 1 percent and everybody else because they redistribute income and wealth from one group to the other. Currently, six individuals own more wealth than the bottom 50 percent of humanity, while the 1000 richest individuals own more wealth than the bottom 70 percent. Currently, in the USA, the 1 percent steal 35 percent of all income every year, compared to 8 percent in 1980, thanks to their ownership of such politicians as the Clinton’s, Wyden, Mitch McConnell and Orrin Hatch.

John Feltner and his 350 fellow workers lost their jobs thanks to Bill Clinton, who signed legislation deregulating Wall Street, as well putting his signature on the North America Free Trade Agreement (NAFTA. NAFTA was negotiated by Clinton’s representatives with an eye to getting US corporations to export US jobs to Mexico in order to boost their bottom lines. After he left the presidency, Wall Street rewarded the Clinton’s for their service to the tune of tens of millions of dollars. The Clinton’s are still faithful servants of Wall Street in their war against the middle class, such as the workers at the Rexnord plant.

We also can’t forget Democratic Wall Street Senator Ron Wyden has continuously supported redistributing the income of the middle class to billionaires. The Democratic Party is corrupted to the core by big money, though maybe a bit less than the Republican Party. But then again, maybe not.

“The big picture is that American jobs are leaving this country to exploit cheap labor,” Feltner said. “When you start taking away the middle class, what do you have left?”

This is the sentiment that President Donald Trump played to so effectively during the 2016 presidential campaign. It spoke to John Feltner somewhere down deep.”

“He’d been a loyal union man for years, been raised on the notion Democrats were the party of the working man and made calls for Democrats from union phone banks. But after the trade agreements that Bill Clinton and Barack Obama signed, and after Trump spoke to the plight of workers at places such as Carrier, John Feltner broke ranks.

With the layoff fresh on his mind, he cast his November vote for Trump. He says most of his rank-and-file union members did the same.”

And what were those workers supposed to do? Support Hillary Clinton who aspired to export millions of US jobs to China via the Trans Pacific Partnership (TPP), which was being negotiated on behalf of Wall Street by then President Barack Obama?

Feltner and his fellow employees don’t know what they’re going to do once their jobs are gone. Thank you Bill Clinton. Thank you Barack Obama.

For more on this story, click the following link, Rexnord’s Indiana Plant Exported to Mexico–USA Today

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