Trump unveils Monday a $ 1,500 billion infrastructure plan

President Trump's Budget to be released Monday, will include $ 200 billion for roads, highways, bridges, and other critical infrastructure for the US economy, sources said close to the White House.

States and private investors will be asked to contribute to the remaining 1.300 billion.

In his State of the Union address at the end of January, Mr. Trump asked the Congress to support an investment plan of at least $ 1.5 trillion to develop infrastructure in the United States without giving details on how to achieve it.

Built for the most part between the 1950s and 1970s, Highways, roads, bridges, railways, airports and other infrastructure are in very bad condition, "in decay" according to the US President, because they have not been maintained and modernized over time. [19659002] The White House is to announce Monday the simplification of building permit procedures to reduce them to two years while they can take up to ten today.

"Infrastructure is obviously an essential component of the functioning of our economy, the American success is largely the result of quality infrastructure that we had historically, "said a White House official.

" We are underinvesting in our infrastructure and we have procedures that take so long that even when we have the necessary funds, it can take a decade to build an essential infrastructure. "

The sources of funding in question

The Congress must now discuss the proposal. In this perspective, Mr. Trump must welcome the parliamentarians of both parties on Wednesday.

It should be widely questioned what the administration could actually finance and how.

Experts wonder about the sources of funding of 200 billion in the federal budget while the public deficit is already likely to be widened by the drop in taxes endorsed late 2017.

The Trump administration said the funding of 200 billion come from "cuts in other programs "

In the meantime, experts agree that the aging of infrastructure is costing the US economy.

Congestion, which weighs in particular on the road transport sector, costs more than 120 billions of dollars, according to Henry Petroski of Duke University.

(with AFP)

Trump threatens US trading partners with retaliation

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       Challenges.fr

on 12.02.2018 at 18:17

US President Donald Trump on Monday threatened the US trading partners with further reprisals, saying "reciprocal taxes" on some

 US President Donald Trump threatened US trading partners with new reprisals Monday, pronounces

US President Donald Trump on Monday threatened US trade partners further retaliation, pronouncing for "reciprocal taxes" on certain products.

JONATHAN ERNST

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US President Donald Trump on Monday threatened the US trading partners with further reprisals, pronouncing for "reciprocal taxes" on certain products.

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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

By

  

  
  
    
       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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