Tax reform: how Donald Trump became more than ever president of the rich

Oops! Even for a Republican, it was too much. Or rather, too little. The tweet was quickly erased. What was he saying? "The secretary at a public school in Lancaster, Pennsylvania, said she was pleasantly surprised to see her pay increase by $ 1.50 a week, and said it would do more than pay her yearly membership in Costco [géant américain de la grande distribution]. "Thank you Donald Trump what generosity! The author of these dead lines, Paul Ryan, is Speaker of the House of Representatives – the equivalent of the President of the National Assembly in France – and yet a group leader of the mega-tax reform voted in December in United States .

A jackpot for the 0.1% …

The question remains: who will benefit from this tax reform to 1.500 billion dollars over ten years? We already know that the most fortunate individuals, the famous 0.1%, rack up the jackpot, between the decline of the tax on income, that on inheritance and other generous gifts. But what about lambda employees? According to the White House, tax cuts will mean an average salary increase of $ 4,000 a year. It is too early to check, but not too much to celebrate the bonuses that are already starting to distribute the bosses. "Since we voted tax cuts, about 3 million employees have received bonuses related to these decreases.For many, this represents thousands and thousands of dollars per employee," boasted Donald Trump during his State of the Union speech, January 30.

This $ 3 million figure comes from the think tank Americans for Tax Reform, one of the main supporters of the reform. And it is true that many large companies have started to distribute bonuses: Apple Walmart, AT & T, American Airlines, Home Depot … But they are still in the minority: an analysis of the think tank Americans for Tax Fairness shows at the end of January, only 46 of the 500 largest US companies had announced a plan to share the windfall with their employees. When asked by Reuters-Ipsos in mid-January, 2% of US adults said they had received a bonus, an increase or benefits related to tax reform. And a survey of 241 companies, conducted in December by the Aon Hewitt firm, indicates that 83% do not consider salary increases as a result of the reform. For companies that distribute bonuses, the amount most often announced is a bonus of $ 1,000, round and consistent figure. The details are sometimes less attractive. For example, bonuses distributed by Walmart or DIY giants Home Depot and Lowe's are subject to seniority in the company: Home Depot requires 20 years of seniority to earn $ 1,000; median seniority is three years in the distribution sector

Another bad surprise, some large companies took advantage of the announcement of the good news to slip another: layoffs. Hours after the CEO of AT & T announced a $ 1,000 bonus and congratulated Donald Trump and the Republicans on this "milestone", the phone giant sent letters of dismissal to some 600 employees in Illinois and the United States. Midwest. Same timing at Walmart, announcing bonuses and increases and then, a few hours later, the closure of 63 warehouse clubs of its subsidiary Sam's Club

Moreover, some ad effects are misleading. Companies credit the tax reform with the measures they had already decided. In mid-January, Apple announced its desire "to accelerate" its investment in the United States, creating 20,000 jobs and contributing $ 350 billion to the US economy over five years; in fact, the company already had these projects before the vote of the reform.

… crumbs for employees

In total, an estimate made by the national daily USA Today indicates that more than 1.3 million Employees will receive bonuses and increases as a result of the reform, amounting to $ 1.7 billion. An insignificant amount compared to the profits that large companies will derive from this reform: according to a study by Credit Suisse, they will pay this year 75 to 100 billion dollars less tax and will see their profitability a jump of 8% ! How to explain such a gap between the profit windfall and the crumbs distributed to employees? Simple: The overwhelming majority of these profits will go to shareholders. More than $ 125 billion of share buybacks have already been announced since the Senate passed the bill. A single example but they are all alike: the third bank in the country, Bank of America, will distribute $ 145 million in premiums in 2018. Or 5% of $ 2.7 billion that will bring him the tax reform.

The new men

One year ago, no one would have imagined a love story between Donald Trump and brothers David and Charles Koch, 8th world fortune. But the vote on tax reform has changed everything: thanks to it, these two billionaires could save annually $ 1 to $ 1.4 billion in taxes, a figure that does not take into account other potential savings on their profits. offshore and … their inheritance rights. As a result, the Koch networks plan to inject 300 to 400 million in the 2018 election campaign. And they are not the only billionaires to benefit from this reform. Steve Wynn (casinos), energy giants like ExxonMobil, and Wall Street, such as the Blackstone hedge fund, are on the line to win the jackpot. Even those who are not overtly Republicans: for Apple, Donald Trump's tax giveaway amounts to tens of billions of dollars.

Oops! Even for a Republican, it was too much. Or rather, too little. The tweet was quickly erased. What was he saying? "The secretary of a public school in Lancaster, Pennsylvania, said she was pleasantly surprised to see her pay increase by $ 1.50 a week. She says it will do more than pay her yearly membership to Costco [géant américain de la grande distribution]. Thank you Donald Trump, what generosity! The author of these dead lines, Paul Ryan, is Speaker of the House of Representatives – the equivalent of the President of the National Assembly in France – and yet a group leader of the mega-tax reform voted in December in the United States.

A jackpot for the 0.1% …

The question remains: who will benefit from this tax reform to $ 1.5 trillion over ten years? We already know that the most fortunate individuals, the famous 0.1%, rack up the jackpot, between the decline in income tax, that on inheritance and other generous gifts. But what about lambda employees? According to the White House, tax cuts will mean an average salary increase of $ 4,000 a year. It is too early to check, but not too much to celebrate the bonuses that are already starting to distribute the bosses. "Since we voted tax cuts, about 3 million employees have received bonuses related to these decreases. For many, this represents thousands and thousands of dollars per employee, "boasted Donald Trump during his State of the Union address on January 30.

Donald Trump blames the FBI's responsibility for the Florida shootings

US President Donald Trump on Saturday February 17 accused FBI of failing to prevent the shootout that left 17 dead in a high school in Florida ruling that the federal police, on the other hand, spent "too much time" investigating Russian interference in the 2016 election.

Donald Trump's charge against the FBI comes as he faces criticisms of its links with the NRA, the powerful gun lobby in the United States. But the shooting also highlighted a serious failure of the FBI, which admitted receiving a call in January from a relative of 19-year-old Nikolas Cruz, alarmed by his deviant behavior and murderous intentions.

" It's a shame that the FBI has missed all the signals sent by the Florida school shooter.It's not acceptable, "the US president tweeted. "They spend too much time trying to prove Russian collusion with the Trump campaign – there is no collusion, get back to basics and make us all proud!" he added, even though it is no longer the FBI that has been leading the investigation into the Russian case since May, but the special prosecutor Robert Mueller.

In the aftermath of the shooting, Donald Trump had insisted on the killer's mental problems, saying nothing about the right to own a weapon guaranteed by the second amendment of the Constitution, nor on semi-automatic weapons like the AR-15 used by the shooter.

"Shame on you"

At a rally on Saturday night in Fort Lauderdale, Florida, a survivor massacre strongly denounced the ties of the president with the NRA. "To all politicians who have received donations from the NRA, shame on you," shouted Emma Gonzalez, after blasting Donald Trump for receiving financial support from the powerful group during the 2016 presidential campaign. "Shame on you" , took over the crowd in chorus.

Emma Gonzalez

"If the President told me on the face that it was a terrible tragedy (…) and that "I can not do anything about it, I'll ask him how much he has touched the National Rifle Association, I know $ 30 million," said the 18-year-old girl with shaved hair. "What are these people worth to you, Mr. Trump?" she said, comparing it to the number of victims of shootings that have bloodied the country since the beginning of the year.

"The fact of being allowed to buy automatic weapons is not a question politics is a matter of life and death, "said the high school student later. Emma Gonzalez is at the end of Marjory Stoneman Douglas High School, located in nearby Parkland. It was hidden in the amphitheater when Nikolas Cruz opened fire in the corridors of the establishment, killing 17 people, most of them teenagers, before fleeing and mingling with the crowd. The murderer was arrested an hour later.

Serious Foul

Nikolas Cruz was psychologically monitored for behavioral problems but took advantage of lax legislation in Florida to legally purchase his weapon last year. At his age, many Americans could not buy a beer or cigarettes. However, several warning signs were triggered until recently on the risks posed by the young man. A social inquiry launched as part of a self-mutilation revealed in September 2016 that he wanted to buy a firearm.

"Mr. Cruz has recent cuts on both arms." Mr. Cruz said that He is planning to buy a firearm, and we do not know why he wants to buy the firearm, "says a terse report from the South Florida Sun Protection Service. Although these facts indicated "certain implications" for his safety, these services at the time concluded that the young man was adequately followed by his school and in an institute specialized in mental health.

Nikolas Cruz was followed "because he was designated as a vulnerable adult because of mental disorders," according to the newspaper. The FBI admitted Friday a serious failure having ignored January 5 a call from a relative of Cruz who described his murderous intentions. The local police were also alerted to Cruz's dangerousness, CNN said. Her adoptive mother, who died last year, "repeatedly asked the police to come to her home to help her cope with her violent attacks, threats, and self-destructive behavior."

(with AFP)

Trump announces unprecedented sanctions against North Korea

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       Challenges.fr

on 23.02.2018 at 15h52

Donald Trump said Friday that the United States will take new sanctions of an unprecedented scale against North Korea.

 Trump announces unprecedented sanctions against North Korea

Trump announces unprecedented sanctions against North Korea

AFP – Mandel NGAN

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Trump announcement unprecedented sanctions against North Korea

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"Dead laughing in Moscow": Trump's new counter-offensive on the Russian investigation

Donald Trump claimed on Sunday that Russia had managed "beyond its wildest dreams" to wreak chaos in the United States, criticizing the numerous investigations and hearings conducted on this issue while avoiding denounce Moscow's interference in the US elections. "They died of laughter in Moscow, wake up America!" wrote the American president in the early morning in one of those bursts of tweets he likes.

"If the GOAL of Russia was to sow discord, disorder and chaos in the United States, then, with all the hearings in committees, investigations and hatred between parties, she has succeeded beyond her wildest dreams, "he wrote. This message punctuates a new avalanche of tweets posted by Donald Trump from 06:30 in the morning while the president spends this long weekend, Monday being a holiday in the United States, in his home in Florida.

All relate to the investigation into the Russian interference in the 2016 presidential campaign. None mentions the 17 people killed Wednesday in a high school unless an hour from his residence in Mar-a-Lago. Donald Trump on Saturday accused the FBI of missing the warning signs that pointed to the 19-year-old killer, Nikolas Cruz, saying the US federal police was "spending too much time" on the Russian investigation.

"Russian Lie"

The day before, Washington had formally accused 13 Russians, including a relative of Vladimir Putin of having favored Donald Trump's candidacy in 2016. The main American intelligence services had already denounced Russian interference in the campaign

Particularly sensitive accusations in this election year in the United States, with the crucial November parliamentary elections in prospect. US intelligence chief Dan Coats recently warned that Russia will resume revenue in 2016 to try to influence the vote. But Donald Trump has been careful since Friday to denounce the interference of Moscow, pinned by his own administration, insisting heavily on the innocence of his campaign team.

"I never said that Russia had not No scrum of the election, I said + it may be Russia, or China or another country or group, or it can be a genius of 180 kilos sitting in bed and playing with his computer +. The Russian + lie was that Trump's campaign team had been an accomplice of Russia – it never was! ", He still hammered Sunday.

" Not an excuse "

His predecessor Barack Obama, his former rival Hillary Clinton, the Democratic Party (DNC) … Donald Trump rejected the case of collusion with Russia on the Democrats in his tweets: "Obama was president, knew this threat and did nothing. "

The Russian destabilization campaign, financed by millions of dollars, allegedly indeed started in 2014, according to the indictment of the special prosecutor Robert Mueller, in charge of the investigation.

Democrat Adam Schiff, member of the Intelligence Committee of the House of Representatives, recalled Sunday on CNN have long denounced the lack of action of the Obama administration in this case. "But this is not an excuse for this president to do nothing," he said.The US president continues to retain sanctions that Congress has adopted, which Congress wants them to implement. against Russia because of this interference. "

US Councilor for National Security, HR McMaster, assured him Saturday in Munich that the evidence of Russian interference" was really irrefutable ", before ironically that "By leading this campaign of political subversion", Russia had managed to unite Republicans and Democrats at the time to impose sanctions on it.

"General McMaster forgot to say that the results of the 2016 election will have not been affected or modified by the Russians, "said Donald Trump, relying on the Ministry of Justice who stressed Friday that no evidence pointed to an impact of the Russian interference on the outcome of the polls . Before watering again, Hillary Clinton's camp "the villain", citing several scandals that rocked the campaign of the Democratic candidate: "the only collusion was between Russia and H la Crapule, the DNC and the Dems" .

(With AFP)

Bill Gates judges he should pay more taxes and tackles Trump's tax reform

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       Challenges.fr

on 19.02.2018 at 16:35

"I paid more taxes, more than ten billion dollars, than anyone but the government should demand people in my position to pay much higher taxes, "said Bill Gates, co-founder of Microsoft, vilifying the tax reform Donald Trump.

 Bill Gates judges he should pay more taxes

Billionaire Bill Gates on 13 February 2018 in New York

GETTY IMAGES NORTH AMERICA / AFP / Archives – John Lamparski

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Billionaire Bill Gates on February 13, 2018 in New York. 19659008] The American billionaire Bill Gates believes that he should, as well as all the wealthy taxpayers in the United States, pay more taxes, qualifying the tax reform President Donald Trump of "regressive". "I should pay more taxes, "Bill Gates told CNN. "I paid more taxes, more than ten billion dollars, than anyone else but the government should require people in my position to pay much higher taxes."

>> ALSO READ Taxation: Donald Trump, more than ever president of the rich

Second richest man in the world behind the founder of Amazon Jeff Bezos the co-founder of Microsoft has a fortune estimated at more than 90 billion dollars of which he directed a large part towards humanitarian causes and medical research in particular.

"A regressive tax law"

He did not mince his words towards the reform Donald Trump's tax bill passed at the end of December by the Congress –in the hands of Republicans – which granted significant reductions to businesses. Their tax rate has thus fallen from 35% to 21% and multinationals can temporarily repatriate their profits abroad to the United States at rates ranging between 8% and 15.5%. Before the reform, these profits were totally exempt from taxation as long as they remained "parked" abroad and found themselves taxed at 35% if they were "repatriated" to the United States.

"This n is not a progressive tax law, it's a regressive tax law, "Bill Gates said, arguing that the benefits would be felt by the super-rich, contrary to the Republicans' claims that the reform is aimed at benefiting workers and the class. average. "The richest people tend to have much higher benefits than the middle class or the poor, so it's contrary to the general trend that we prefer to see with enhanced safety nets and those who are at home. top who pay higher taxes, "commented the billionaire.

(with AFP)

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