Halloween Demons
The Tax Man Cometh: Plans to
release the tax bill today have been scrapped.
Tomorrow is the new target, for now.
Apparently House and Senate leadership are having a problem with their arithmetic,
in other words they can’t figure out a way to fund their tax cut wish list. The plan still calls for cutting the
corporate tax rate to 20% all at once even though a number of legislators had
suggested that the cut should be phased in over time, a solution that Trump
opposes. It’s looking likely that the
elimination of the estate tax, to the extent it survives, will be phased in
over several years. The top rate for the highest earners is still under
discussion, it may not be cut and may even rise above 39.6%, an unlikely
outcome but one that was pushed by Steve Bannon before he left to become the
outside Trump whisperer. The current plan still calls for the elimination of
the state and local income tax deduction but will permit a deduction for property
taxes. The treatment of 401 (k) retirement
savings still hasn’t been resolved. Trump continues to lay the blame for discontent
about components of the plan at the feet of the Democrats tweeting “the
Democrats want to raise taxes and really create obstruction, and the
Republicans want to lower taxes, and we want to get rid of regulations,” a
soundbite for the masses but one filled with inaccuracies. Democrats still haven’t been invited to the tax
negotiation table and so far Trump’s biggest problems are Republican
insiders. It’s not just blue state
Republicans who aren’t happy. Senator Susan
Collins, who voted no on Obamacare repeal legislation is again in the middle of
the mix. Speaking in her usual measured
Maine tones, she’s said that a bill that lowers the top rate for high income
earners and eliminates the estate tax would “concern” her. She doesn’t buy into Trump’s claim that taxing
estates hurts farmers, though she is open to raising the size of the estate tax
exemption. Trump needs every vote he can
get so her comments are being taken seriously. Republicans remain desperate to get tax reform
passed, believing that their future control of Congress hinges on tax cut
success, so Trump has cut Treasury Secretary Steve Mnuchin and Gary Cohn, the
man who is out of the running for Federal Reserve Bank head because he
questioned Trump’s response to the Charlottesville demonstrations, from the
Asia trip, leaving them home to help with the tax push. Even Ivanka has had her wings cut. She will join the Trump traveling squad for
the Japan leg of the trip but will be being heading home early without getting
to visit the Chinese manufacturing plants where her dresses are made, so that
she can continue promoting her child tax credit, the ones that no one in
Republican world want to pay for.
The Mueller Investigation: George
Papadopoulos, the guy who served as a foreign policy advisor to the Trump
campaign is now being called nothing more than a “coffee boy” and a “proven liar,”
who no one really knew or hung out with. At least the lying part is true, Papadopoulos
did lie to the FBI, but only because he was trying to cover up the Trump team’s
Russian canoodling. It’s not the lying
that Trump finds problematic, after all lying is the norm in Trump land, it’s Papadopoulos’
new penchant for truth telling that’s causing sleepless nights. It doesn’t help that Papadopoulos’ keeps
showing up in newly released pictures taken during the campaign, the flattering
photo of him seated next to the squirmy Attorney General Sessions, who was the
head of the campaign’s foreign policy team, is particularly problematic. Papadopoulos’ credentials to serve the
campaign were weak, he was filched from Ben Carson’s campaign, his resume lists
participating in a Model UN conference as one of his shining achievements, but
despite all that he really was a member of the Trump team and his pro-Russian
stance was wasn’t an outlier position, he was following the lead of his higher
ups, including Trump, who at that time was applauding Putin’s brilliance and Michael
Flynn, who went on to be the security advisor before he was booted. Papadopoulos was based in London which
explains why he wasn’t seen around the water cooler, he traveled extensively
for the Trump team and met with many diplomats on their behalf. He also maintained frequent email contact
with the campaign team, particularly with co-chairman Sam Clovis who confirmed that
he is the “unnamed supervisor” referred to in Trump related emails who said
that Papadopoulos could “make the trip” to Russia, a trip that Papadopoulos
didn’t make but one that was made by another Trumper, the odd Russia-phile
Carter Page. Apparently Clovis’ interview
with Mueller took place last week before the Papadopoulos guilty plea was
announced. Clovis better have told the truth
or he too will be in bigly trouble. In
any case, his appointment to serve as the Department of Agriculture’s chief
scientist may now be up in the air, less because of his woeful lack of
knowledge about science, and more because of his involvement in the Russia
mess. Mueller hasn’t finished his staff
interviews, Hope Hicks, Trump’s long term aide who is now the White House
Communication Director is scheduled to be interviewed after Trump’s Asia
trip. By disclosing the Papadopoulos
guilty plea, Mueller has sent a loud and clear message to Hicks that she should
be ready to speak the truth and nothing but the truth. Trump’s team continues to insist that Mueller’s
position is safe, but from his outside bat cave, Steve Bannon is urging that
Trump cut Mueller’s funding and consider hiring more combative defense lawyers. As to pardons, when asked yesterday if he
would pardon Paul Manafort , Trump tellingly refused to answer and cut off
future questions.
Social Media: Officials from Facebook,
Google and Twitter testified in front of the Senate Judiciary’s Crime and Terrorism
Subcommittee yesterday. In anticipation,
the companies released additional information about the Russian ad barrage that
faced users during the 2016 campaign. As a result, we’ve learned more about just
how unsocial, the social media platforms can be. With each report the number of people impacted
by Facebook postings has increased dramatically. Apparently 126 million Facebook users, an
amount equal to almost 40% of the size of the US population, were exposed to
Russian election related ads. Twitter
revealed that in just two and a half months, Russian bot accounts tweeted 1.4
million times, yielding 288 million “impressions.” Google acknowledged that it has found evidence
that Russian operatives used the company’s YouTube platform to post 1108 videos
with 42 hours of content, and that’s just what they’ve found to date. Senator Al
Franken pressed Facebook’s General Counsel Colin Stretch to commit to refusing
to sell political ads paid for in foreign currencies, and he refused saying
that foreign currency is just one of many signals that Facebook will take into
consideration. There’s no question that
Russian bots could move to dollars if they wanted to and that shutting down bot election activity won’t be easy, but Facebook’s refusal to rule out posting political
ads paid for in rubles is troubling and ridiculous, foreign financing of
election ads is illegal. All three social
media companies are pushing back against any regulation and so far, given this
administration’s stance against regulation, they may get their way. Then again Trump may change his tune,
apparently Russian bots have changed their tactics, though they are still fomenting
racial and social unrest, they are now also going after the legitimacy of Trump’s
presidency, one indication that Putin’s love for Trump is pretty fickle, his true
goals are the destruction of democracy and the weakening of US world dominance.
He’s doing pretty well so far.
Chief of Staff: It’s only fitting that Chief
of Staff John Kelly’s position on the dark side was fully cemented in time for
Halloween. His remarks about the Civil
War and Robert E. Lee have not gone over well.
Respected historians have lambasted his suggestion that a little more “negotiation”
would have avoided the Civil War and his implication that a few more decades or
centuries of slavery would have been an okay price to pay to avoid southern
secession. Kelly can take comfort in
Press Secretary Huckabee Sanders’ undying support. She again pointed out that criticizing the
retired General is never okay in the increasingly authoritarian Trump universe.
One more thing. Terrorism be damned. I love New York!!!
No comments:
Post a Comment