Category Archives: Taxes

Don’t Mourn For The GOP Of Old.

Posted on by

In the age of Trump, some long for the GOP of old. True, the party of Lincoln was truly admirable. But that GOP hasn’t existed for a very long time. The GOP of modern history bore little resemblance to the party of Lincoln. Yet some would have you believe that the party of Nixon, Reagan, and Bush was just as caring, just as patriotic and just as principled.

Don’t believe the myth.

Though it is true that the GOP of the 70s, 80s, 90s, and early 2000s was significantly better than the current hot mess, it was no friend of ordinary working people. It was a coalition of corporatists and industrialists. It included war mongers, bigots, anti-unionists, and those who felt it was their duty to interfere with democracies and governments around the globe on behalf of our corporations.

It was the GOP under Eisenhower and the Dulles brothers that overthrew the democratically elected government of Iran when it tried to nationalize Iranian oil, an act that led to a brutal dictatorship and, ultimately, the Islamist revolution. It was the GOP that undermined the Vietnam peace talks to help Nixon’s election chances, an act that resulted in thousands more deaths. It was the GOP that embraced southern racists after the civil rights movement.

In the old GOP, it was Nixon who founded a dirty tricks squad and tried to circumvent our democratic elections by breaking into the Democratic National headquarters. It was Nixon who ordered the overthrow of Chile’s democratically elected president who was replaced by a dictator.

In the old GOP, it was Reagan who fomented distrust in the government, who launched an attack on labor unions, who handed out large tax cuts to the wealthy under his bogus “trickle-down” economic theory, who imposed a range of hidden taxes on the middle class, and who ran up the national debt. It was Reagan who created a shadow government that illegally sold weapons to Iran in order to fund the Central American Contras.

It was George H.W. Bush who continued Reagan’s economic policy and launched a war in the Middle East. And it was George W. Bush who used his brother to corrupt Florida’s election in order to attain office. “W” also ignored warnings of the impending terrorist attack on 9/11 and launched a horrific war in Iraq based on false information.

It was the old GOP that spawned ultra-partisans such as Newt Gingrich, Paul Ryan and Moscow Mitch McConnell – the people who placed party over country and made compromise a dirty word. It is members of the old GOP who, like Mitt Romney, Moscow Mitch, and Elaine Chow, have parked funds in offshore tax havens to avoid paying their fair share of taxes. It was members of the old GOP that showered trillions on the military-industrial complex. And it was the old GOP that has gone to great lengths to suppress and intimidate voters who are unlikely to vote for GOP candidates.

Yes, the GOP of Trump is significantly worse than what preceded it – led by a treasonous conman who has taken corruption, division, lies, and bigotry to new levels. But it was the old GOP that embraced Trumpism and made this horror show possible.

Dear Trump Supporters: What Will It Take?

Posted on by

I understand that you chose to support The Donald because you wanted change. You were angry. You felt the economy was rigged. That you would be left behind. He promised to shake up the government and end business as usual.

He most certainly has done the that.

You’ve continued to support him despite abundant evidence that he colluded with Russian agents to rig the election and obstructed justice. You’ve supported him despite an avalanche of thousands of lies as documented by independent fact-checkers. You ignored his lies about an extramarital affair with a porn star. You’ve given him credit for his predecessor’s work in rescuing and expanding the economy. You’ve continued to support him as he alienated our longstanding allies and weakened NATO. You supported him as he took Putin’s word over that of our own intelligence agencies headed by Trump appointees.

You cried “fake news” at reports of his filling the “swamp” with an astounding menagerie of swamp monsters. You ignored the evidence showing that Trump, his family, and many of his cabinet appointees used their positions to line their bank vaults with taxpayer money. You seem not to care that he dismantled ethics offices and fired inspectors general whose job it is to investigate and expose the corruption. You seemed to take satisfaction in watching him take revenge on whistleblowers. You applauded his stonewalling of congressional oversight and his demands that administration officials ignore subpoenas. You’ve seen him dismiss investigative reporters whose job it is to expose government corruption by calling them “enemies of the people.”

You turned your backs on reports that the administration ordered children to be ripped from the arms of their refugee parents. You claimed not to see videos of those children confined in cages with only a foil blanket. You ignored the obvious racism of his calling Mexicans rapists and murders, of describing Latin and African nations as “shithole countries,” of referring to neo-Nazis and white supremacists as “good people.”

You continued to support him despite all of that. (Maybe because of it?)

You stood by your con man as dozens of former administration and government officials spoke up about his incompetence and his unfitness for office. You ignored the outrage of Republican leaders and strategists who have been repulsed by his actions. You watched as he corrupted the judicial system. You seemed not to care that he continues to hide his income taxes despite legitimate claims of money-laundering and tax evasion.

You cheered when the Senate refused to remove him from office as a result of his impeachment despite overwhelming evidence that he had broken the law by demanding the Ukraine to interfere in the upcoming election in exchange for congressionally-approved financial and military aid.

And what did you do when his incompetence led to the now 140,000 American deaths from the coronavirus? You blamed it on China and claimed his failed response was due to distractions caused by the impeachment. Following his example, you have contributed to the spread of the coronavirus by ignoring the pleas of scientists to practice social distancing and to wear masks. Not even Trump’s attempts to dismantle the Affordable Care Act in the middle of the pandemic has shaken your support. Nor has the addition of roughly $4 trillion to the national debt. And when his failures led to an economic collapse, you gave him a pass, blaming it on the CDC, the WHO, Dr. Fauci, and the media, instead.

Even when it became clear that Trump ignored reports that Russia offered payments to the Taliban for killing US military personnel, you have seemingly refused to blame him or even his buddy Putin.

So, I ask: What will it take for you to finally admit that you made a mistake by voting for a con man who has placed us all in danger? A president who operates more like a mob boss than a principled public servant? A man who is intellectually, ethically, and morally unfit to hold office? A man who has done more to serve Russia than the United States?

How Ronald Reagan Destroyed America.

Posted on by

For many Americans, Ronald Reagan was a great president who reawakened and re-energized the nation as exemplified by the “Morning in America” commercials created by some of my friends. They even credit him for ending the Cold War. But the credit more accurately belongs to Gorbachev.

To me, Reagan will always be the person who used a hostage crisis to win election and who turned Americans against their own government by portraying it as the enemy. And that’s only the beginning of his negative impact on the US.

He famously ran up deficits and tripled the national debt. He flipped the economy upside-down with his Trickle Down theory of economics leading to extreme inequality in income, wealth and opportunity. Under Reagan, we saw the end of national usury laws making it possible for national banks to evade interest rate caps leading to interest rates of 18%, 30%, 40% and more. At the same time, Reagan took away the tax deductions for interest paid by middle class and poor Americans on auto loans, credit cards and other personal loans. One result, as evidenced by a new Institute for Policy Studies Inequality briefing paper by Bob Lord, is that the taxes paid by America’s billionaires have decreased 79 percent since 1980!

Known by some as the “Father of Globalization”, Reagan’s economic and trade decisions led to the offshoring of high-paying American jobs. As he embraced multinational corporations, he attacked the labor unions – the very organizations that created our middle class by fighting for living wages, healthcare benefits and safe working environments.

The Reagan administration supercharged the era of corporate consolidations and legalized stock buybacks for corporate executives. Those decisions led to multi-million-dollar annual compensation for corporate executives, inflated stock prices, and mass layoffs of workers.

And though Reagan criticized Carter for the capture of US embassy workers in Tehran, he was responsible for the deaths of 241 Marines, sailors and soldiers who were killed on his watch after he sent them to Beirut with no plan of engagement. He waged war on the island nation of Grenada – yes, Grenada – for aligning with Cuba. He also circumvented congressional oversight by creating a shadow government that illegally sold weapons to Iran in order to finance death squads in El Salvador and Nicaragua.

And maybe Reagan’s worst decision of all was to call for the repeal of the Fairness Doctrine that led to the likes of Fox News Channel, Rush Limbaugh, Mark Levin, Sean Hannity, Alex Jones, and a host of others who have used hate, sensationalism and an avalanche of lies to divide us. I believe you can draw a direct line from that decision to Donald J. Trump and the most corrupt, conniving, inept and hateful administration in US history.

Now Available On Amazon:

Posted on by

Ironically, in the age of information, our nation has been compromised by lies and disinformation as never before.

Decades of consolidation, short-term thinking, corporate greed, extreme political ideologies, and poor leadership have left our nation’s economy, healthcare system and its citizens unnecessarily vulnerable.

Many of the decisions that led us to this point were made in good faith. Some were dictated by difficult situations. But others were made willfully and knowingly, their true purpose and their all-too predictable results hidden in a fog of falsehoods and lies. This book attempts to cut through the misinformation to examine the problems, explain how they happened and reveal the truth.

What The US Could Be.

Posted on by

Our nation has reached a crossroads. Will we continue to slide further down the path to autocracy and cruelty where the nation’s leader is unaccountable, where the rule of law only pertains to those the leader says it should, where the leader puts his thumb on the scales of justice, where elected officials cater to corporations and the wealthy, where discrimination is accepted, where millions continue to live in poverty with fewer and fewer safety nets, and where those seeking asylum are locked in cages?

Or will we choose to vote for those determined to reclaim our government and reshape it to live up to its promise?

Consider what a Uniter-in-Chief, instead of a Divider-in-Chief, could do. Consider what a Congress focused on solving problems and representing the people – all of the people – could accomplish.

Unity: Instead of being divided by political and racial tribalism, we could be united in solving the greatest issues of our time. By rejecting GOP candidates determined to divide us for political gains over social issues such as abortion, religion, discrimination and wealth.

Right now, there are nearly 400 House-passed bills that have been denied a hearing in the Senate. Many, if not most, of these bills address bipartisan issues such as protecting patients with pre-existing conditions, lowering pharmaceutical prices, improving gun safety through universal background checks. Reshaping the Senate by rejecting those who would rather play politics than address the nation’s needs would end gridlock and allow us to address the issues that affect all of us.

Equality: We could treat each other as true equals. Over the past few decades, the GOP has resorted to voter suppression tactics in order to choose their voters rather than allow voters to choose their candidates. They have relied on extreme Gerrymandering, restrictive voter IDs, purging of voter rolls, intimidation, reducing voting hours and closing polling places in poor and black areas, and taking voting rights away from those who have served prison time.

It’s time to end these repressive and undemocratic practices; to end discrimination of all kinds. We must reshape all of our governments – including city, county, state and federal – and commit to restoring democracy and civil rights for all.

Equal Representation: We could dismantle the archaic Electoral College that prioritizes geography over people – a system that gives a voter living in Wyoming nearly 4 times the representation of a voter living in California.

Climate Crisis: We could save our planet from the most severe impacts of climate change.

Though scientists have known about the dangers of our reliance on fossil fuels since the mid-1960s, the issue was mostly ignored until former Vice-President Gore released the documentary An Inconvenient Truth in 2006. By the 2008 presidential election, it had finally become a political issue with both candidates promoting a policy of cap and trade to reduce carbon emissions. Since then, only one party has shown any interest in addressing climate change. The other, supported by the fossil fuel industry, refers to it as a hoax.

Let’s suppose for a moment that the GOP is correct and climate change is a hoax (it isn’t), what would be the consequences of addressing the issue and embracing clean, renewable energy? The consequences would be many high-paying jobs, cleaner air, cleaner water and an end to wars over reserves of oil. Oh, and Big Oil would no longer exert such control over our government.

Ecosystem: We could save the diversity and the beauty of the many species that share our planet.

Many parts of our ecosystem are collapsing. Bees, which pollinate our fruits, vegetables and grains, are dying as a result of the use of pesticides. There is a dead zone in the Gulf caused by the runoff of fertilizers from our farms. Glysophate, a known carcinogen used to control weeds permeates our drinking water and our foods. Fracking fluids have leaked into the aquifers many rely on for drinking water. Many of our coral reefs, home to most of our oceans’ fish, are bleaching and collapsing due to climate change. Our oceans are also showing the ill effects of decades of use as garbage dumps. Deforestation and trophy hunting has forced thousands of species to the brink of extinction. I could go on. Yet the GOP seems uniquely unmoved by the devastation.

Replacing GOP politicians with those who believe in science, who will fight for ecological understanding and justice, may be the only way to save thousands of species from extinction…including our own.

Military: We could use much of our gigantic $718 billion military budget to improve conditions for the citizens of our nation and elsewhere. And we could, for one of the very few times in our nation’s history, wage peace.

For those who think that reducing the military budget would leave us vulnerable, consider that our budget is equal to that of the next 8 countries’ combined. And 6 of those are allies. Moreover, we benefit from the more than $305 billion in military spending of the other 28 members of the NATO mutual defense organization. Finally, our military budget doesn’t include the more than $50 billion budget of the Department of Homeland Security or the nearly $220 billion for Veterans Affairs.

That means we’re currently spending nearly $1 trillion annually on defense and military-related issues. And we benefit from $305 billion more.

Healthcare: We could provide universal health care for all of our citizens and save thousands of lives.

Pharmaceuticals: By allowing the government, as the provider of universal health care, to negotiate with manufacturers and distributors, we could make necessary and life-saving pharmaceuticals affordable for all those who need them.

Religion: We could provide true religious freedom, including freedom from religion for non-believers. As Thomas Jefferson once wrote, “It does me no injury for my neighbor to say there are twenty gods or no God.”

Immigration: We could, once and for all, solve the issue of immigration by providing a path to citizenship for those who were brought here as children and have spent most of their lives in the US. We could create a system of work permits for those who are needed to raise and harvest our crops and to fill the jobs most US citizens don’t want. We could improve our system for those seeking asylum from violence and starvation in their home countries.

Economy: We could transform our economy from a plutocracy to a democracy that will work for all Americans. Not just the powerful and the wealthy. By eliminating the need for corporations to pay for their employees’ healthcare, we could demand that their savings be used to pay all employees a living wage. And, by asking the wealthy to pay their fair share of taxes, we could invest in many other things that could benefit our nation, such as low-cost college education while, at the same time, decreasing deficits.

Infrastructure: We could create high-paying jobs that cannot be off-shored by committing to rebuild our aging and decrepit infrastructure: Streets, roads, bridges, railroads, seaports, airports and the electric grid.

Violence: We could address gun violence by ending the sale of the weapons of war. We could implement universal background checks, waiting periods and red flag laws. And we could address the issues that lead to violence, such as poverty, discrimination, lack of opportunity and easy access to guns.

Taking The Profits Out Of Health Care.

Posted on by

In the US, health care organizations were once required to be nonprofit. But, following WWII, companies were short of workers. To entice them, they began offering health insurance. At first, it was non-profit. But as the market for company-provided health insurance grew, it attracted for-profit competitors offering a variety of plans.

The inevitable consequence was to dramatically increase the cost of health care, making it unaffordable for an ever-growing number of Americans. And though the Affordable Care Act (aka Obamacare) has helped, the cost of health care rose from an average of $355 per person in 1970 to $11,172 in 2019. Accounting for inflation, that’s an increase of roughly 6-fold!

Indeed, according to the Center for Medicare and Medicaid Services (CMS), US spending on health care reached $3.6 trillion in 2018 (the most recent year for which data is available) 17.7 percent of our GDP. And the earnings of health insurance companies exceeded $236 billion in 2018.

Perhaps the biggest winner in the health care industry is big Pharma. According to Statista, Americans spent $360.3 billion on pharmaceuticals in 2019 – up $15.8 billion from the previous year. And up a whopping $239.3 billion from 2000. That increase is reflected in the cost of most medications. A case in point: For asthma patients like me (of which there are nearly 20 million in the US), the annual cost of preventative medication is roughly $2,500 per year – almost double what it cost less than 10 years ago. Has the drug changed or improved over that period? No, only the price has changed. And, of course, the profits for the manufacturer and their distributors.

The increase in the cost of many other pharmaceuticals is even more dramatic.

Pharmaceutical companies justify the increases by claiming that the money is needed for research and development. Yet, you, the taxpayer, contribute roughly 30 percent of the cost of development of pharmaceuticals. Despite the increased costs and your contributions, there has been little increase in FDA approvals for drugs in recent years. That’s mostly due to the companies’ focus on acquisition and mergers. In other words, the companies are investing their profits in stock buyouts rather than research and development.

Since 1996, there have been 46 mergers and acquisitions of the world’s pharmaceutical giants. Over that same period, big Pharma has spent billions to lobby the US government. According to Statista, the industry spent $281.4 billion to lobby our government in 2019. And big Pharma is not alone. Organizations representing doctors, nurses, hospitals, clinics, medical equipment manufacturers and health insurers all spent billions on lobbying.

In total, the health care industry spent $711.3 billion on lobbying for 2019.

Is it any wonder then that our health care costs keep rising at rates far greater than inflation? Is it any wonder that we pay 4 times more per person for health care in the US than any other country in the world while experiencing steadily declining results?

Far too much of your health care expenditures are going to support the multi-million dollar salaries of executives, lobbyists and the profits of shareholders.

So, when political candidates are asked how they expect to pay for the cost of single-payer health care such as Medicare For All, the answer is simple. You’re already paying for it. But, instead of the money being used for medical care and the development of new technologies and treatments. It’s being used to line the pockets of executives and investors.

By moving to a single-payer health care system like most of the world’s advanced nations, you will pay more in taxes. Nevertheless, your savings should be significant. You and your employer will no longer have to pay for health insurance, deductibles, and co-pays. You will not be billed for seeing your doctor, for laboratory tests, for visiting the Emergency Room, for treatments or for needed stays in a hospital. As the single-payer, the government will also be able to negotiate the cost of pharmaceuticals saving you even more money. So your savings will continue to add up over your lifetime.

And no American will ever be denied health care again.

There’s yet another benefit that’s seldom mentioned: By removing the responsibility for providing health insurance from employers, there will be less incentive for employers to move jobs offshore. (Currently, the cost of an employee’s benefits is roughly equal to the cost of an employee’s salary.) Indeed, employers could use the savings to increase salaries and pay a more livable wage. That would not only provide a substantial boost to our economy. It would result in greater tax revenue that could be used to rebuild our crumbling infrastructure and create even more high-paying jobs.

The March Toward Autocracy.

Posted on by

Ever watch a kindergarten class out for a walk in the city? They are all hooked to a rope connected to two teachers so that no child can step out of line. Such is the case with our Republican Congress. Led by DonTheCon, they follow along through oncoming traffic toward the edge of a cliff where they’re expected to take a giant leap of faith. If they do step out of line, there’s Moscow Mitch to herd them back into place.

I believe there’s no better description of today’s GOP under Donald J. Trump.

Trump clearly conspired with a foreign rival to attain office. Once in power, he has set about destroying the United States of America as we know it. He has intentionally divided the nation as we have not seen since the Civil War. He has undermined our institutions – the press, the judicial system, the national security apparatus, the military. He has used the machinery of government and the power of his office to attack and investigate political opponents. He has obstructed justice and any form of congressional oversight.

He has changed our tax codes to further benefit the rich and the powerful. He has demeaned and estranged our closest allies. Though having broken nearly all of the Ten Commandments, he has pandered to evangelical “Christians” while banning the followers of Islam from entering our country. He has turned aside refugees – the victims of violence and economic collapse – and re-victimized them by locking them in cages to endure horrific conditions. He has pandered to white nationalists and embraced the world’s worst dictators as though they are members of the same club.

Indeed they are.

He has carved up our national monuments and auctioned off the mineral rights to the highest bidder. He has eliminated environmental regulations allowing oligarchs to despoil our air and water. He has cheated on his taxes, refusing to reveal the depths of his cheating by hiding them from the public. He has used the national treasure as his piggy bank to enrich himself and his family while ordering the Treasury Secretary to shield the numbers from accountability.

As he neared re-election, he chose to enlist the help of a foreign government yet again, using taxpayer funds to extort its help in damaging a political opponent. And, when he was caught, he gathered those Republican congressmen and senators – those obedient toddlers – around him for protection.

Though impeached, his followers refuse to remove him from office…even refusing to examine the evidence. So now it’s up to the voters to do what the Senate should have done.

That will be difficult. Though Trump’s support represents a minority of the electorate – mostly an angry mob of white supremacists, religious zealots, the uninformed, the misinformed and aggrieved losers – his party has spent years preparing for this moment. The GOP has aggressively Gerrymandered congressional districts. It has set about removing the names of millions of voters from the rolls, forcing them to re-register to vote – that’s assuming they’re even aware that their names have been excluded. The GOP has reduced the number of polling places and voting hours in Democratic-leaning districts. It has blocked voting rights for felons who have served their sentences. It has intimidated opposition voters. And, in many states, it has forced voters to leave work and drive many miles in order to purchase a voter ID, often making them choose between obtaining the ID or earning enough to feed their children.

Even without all of their voter suppression tactics, the GOP has a distinct advantage. It controls a large majority of the nation’s geography, if not its voters. Half of the nation’s population resides in 9 largely blue states. But the remaining 41 mostly red states hold a majority of the electoral votes. So it’s possible that Trump – the president with the lowest approval ratings in modern times – will, once again, lose the popular vote this November by overwhelming numbers and still win a majority of electoral votes.

The only sure way to stop him is for decent, caring Americans to turn out to vote as never before.

And, if Trump is defeated, the winning candidate should quickly set about nullifying the Trump presidency. Every presidential order should be immediately overturned. Every appointment, every administration decision should be scrutinized and rectified, as quickly as possible. And, if Democrats are fortunate enough to gain majorities in both houses of Congress, they should pass legislation designed to protect our elections, to restore voting rights, to eliminate the Electoral College and to protect our environment.

As important, Trump should be prosecuted for his many crimes – for his tax evasion, for violating the emoluments clause, for conspiring with enemies of state, for abuse of power, for obstruction. He and his family should be forced to repay the millions they have stolen from taxpayers. And Trump should be locked up as a warning to any like-minded individuals who would consider undermining our democracy ever again.

Trump’s Broken Promises. (Part Three – Immigration)

Posted on by

Of the thousands of falsehoods and misleading statements Trump has made since declaring his candidacy, some of the most notorious concern immigration. For example:

The Wall: When he announced his candidacy for president, Trump promised to build “a great wall on our southern border and have Mexico pay for it.” Instead, US taxpayers are paying $11 billion for the wall at the cost of $20 million per mile. The wall will dissect wildlife refuges, the National Butterfly Center, Native American lands, farms, and golf courses. And, if completed, it will block US residents from accessing much of the Rio Grande. The final cost of the wall could reach an estimated $21 billion.

Illegal Immigration: Trump promised to end all illegal immigration. (In reality, illegal immigration had steadily declined since 2000.) But there was actually an uptick in 2018 despite Trump’s “Zero Tolerance Policy.” Under that policy, Trump ordered a ban on virtually all Muslim immigration. His administration ripped children, including infants and toddlers, away from their parents. It placed immigrants, even toddlers, in cages without enough room to sleep and without access to water and the basic needs for hygiene. In addition, Trump purposely slowed the process of reviewing the refugee status of immigrants forcing most to stay in dangerous camps along the border.

At the same time, Trump labeled African nations and other predominantly black and brown nations “shithole” countries and wondered aloud why we couldn’t have more immigrants from countries like Norway. (In other words, he expressed his preference for immigrants that are white and Christian.)

Foreign Workers: Trump promised that Americans would stop losing jobs to foreign workers. Yet, until the media reported on his own hiring practices, his own resorts continued to rely on undocumented workers. And, even after dismissing many long-time workers, he continues to rely on foreigners. Mar-a-Lago is a case in point: Despite receiving hundreds of applications from US citizens, Trump instead hired foreign workers to help maintain the property and to serve his guests.

DACA: Despite promising to immediately terminate the Deferred Action for Childhood Arrivals (DACA) program, Trump said that “we’re going to show great heart” toward DACA recipients. Again, after taking office, Trump stated that “they shouldn’t be worried. I do have a big heart.” Nevertheless, shortly after making that statement, he announced that he would terminate the program. To date, most of the more than 700,000 DACA recipients remain in limbo not knowing what to expect. And some DACA recipients, including US military veterans have been deported to the countries they left as children and scarcely remember.

Removing Undocumented Immigrants: Trump promised to remove all of the more than 11 million undocumented workers from the US. Unfortunately, this is one of the promises he has tried to keep. But, if he actually succeeds, the impact on the US economy will be devastating. In addition to the cost of removing them, which is estimated at $103.9 billion, the loss to our GDP will be roughly $1.6 trillion per year as estimated by the Harvard Kennedy School – money that is distributed throughout our economy. In addition, in 2014 it was estimated that undocumented workers contributed $38 billion in federal, state and local taxes.

Moreover, if he chooses to remove all immigrants who have illegally worked in the US, he will have to deport his third and current wife, Melania, who worked as a model before obtaining a green card.

Chain Migration: Trump promised to end so-called chain migration – the practice of legal immigrants bringing their families to the US. He hasn’t. And, if he had, his wife’s parents would not have been permitted to immigrate to the US.

Trump’s Broken Promises. (Part One – The Economy)

Posted on by

The Trump White House is fond of sending out emails and Tweets stating “Promises Made. Promises Kept.” Certainly Trump has kept a few of his campaign promises. But let’s look at Trump’s promises about the economy. You’ll see that the promises broken far outnumber those kept. Here are just a few:

Deficit and Debt: Trump promised to eliminate the federal deficit and reduce the debt. He hasn’t. The deficit is expected to reach $1 trillion for 2020 and the debt has soared to more than $23 trillion. And, recently, he was recorded saying that the debt doesn’t matter because “I won’t be here when it blows up.”

GDP Growth: Trump promised he would grow the GDP by 4 percent per year and maybe more. The reality is that the GDP has grown at a rate of approximately 2 percent per year – a growth rate lower than all but the first years of the Obama administration.

Trade Deals: Trump promised he would negotiate better deals with China, Canada and Mexico. Instead, he started a trade war with China passing the cost of tariffs onto US consumers. His trade war also forced many US farmers into bankruptcy despite $16 billion in subsidies that have mostly benefited the richest farmers.

Taxes: Trump promised he’d cut taxes giving the average US family a $4,000 annual pay raise. Instead, he cut taxes for corporations and the very wealthy. 53 percent of all Americans will see their taxes rise.

Tax Loopholes: Trump promised to close tax loopholes such as the “carried interest” loophole for private-equity managers, hedge fund managers, and real estate partners. He hasn’t. Indeed, his tax bill provides additional loopholes for…wait for it…real estate developers.

Infrastructure: Trump promised to invest $1 trillion in our nation’s crumbling infrastructure. But, after his tax cut and increase in military spending, there’s no money left for infrastructure.

Outsourcing Jobs: Trump promised he would stop companies from shipping jobs overseas. Instead, Trump is subsidizing companies that export jobs. As a result, the off-shoring of jobs for some major US manufacturers has reached record numbers.

Coal Jobs: Trump promised to bring back jobs in the coal industry. He hasn’t. Even after he relaxed pollution restrictions on coal mining and coal power plants, the number of coal-related jobs has remained steady.

Steel Jobs: Trump promised to protect American steel jobs so he imposed tariffs on foreign-made aluminum and steel. The tariffs protected some jobs. But our industries must now pay more for the materials, which has threatened jobs in other industries, such as auto manufacturing and construction. And the additional cost is passed on to consumers and taxpayers. It has been estimated that 400,000 jobs may be lost as a result of the tariffs.

Winning: Trump promised that we would all get tired of so much winning under his leadership. And, though the economy has grown under Trump, it has grown at a slower rate than under his predecessor. Likewise, fewer jobs have been created under Trump and the important employment-to population-ratio has slowed since Trump took office. At the same time, income and wealth inequality have accelerated as a result of the Trump tax cuts. Indeed, those of us who are not among the top 1 percent have not experienced a lot winning.

Given that the Washington Post fact-checkers have determined that Trump has made 16,241 false or misleading claims since taking office, it should come as no surprise that he has broken many of his campaign promises.

What Didn’t Happen In 2019 – The Year In Review.

Posted on by

Despite the release of the Mueller Report, the impeachment of Donald J. Trump, and numerous disasters and milestones, I believe 2019 should be remembered more for what did NOT happen. Following are but a few examples:

• The GOP-controlled Senate refused to vote on more than 400 House-passed bills – half of which were bipartisan.

• Congress failed to pass a bill to rebuild our aging infrastructure – our bridges, our rail system, our electric grid and more.

• The Trump administration continued to ignore the greatest threats of our time, including the climate crisis, the mass extinction of the planet’s species, the coming job losses from automation. In fact, the administration’s actions – pulling out of Paris agreement, expanding oil drilling, relaxing fuel standards for vehicles and reducing incentives for sustainable energy, the trade war with China – actually made things worse.

• The Trump administration continued to hold the $18 billion in reconstruction funds approved by Congress that were intended to rebuild Puerto Rico following Hurricane Maria.

• The federal government collected no income taxes from 91 corporations listed among the Fortune 500.

• There was no real effort by the Trump administration or Congress to reduce federal deficits and the ballooning national debt.

• There was no significant change in workers’ wages, despite large run-ups in the stock markets.

• There was no change in income inequality, wealth inequality or opportunity inequality. In fact, the gap between the wealthy and ordinary Americans continued to widen.

• There was no Senate or administration action to secure our elections. Indeed, the GOP rejected election security bills 3 times in 2019. And the GOP continued its efforts to suppress votes.

• There was no nuclear peace deal with North Korea. Instead, Trump removed the US from the ABM treaty with Russia to limit short and intermediate range nuclear weapons.

• There was no peace agreement with the Taliban and no end in sight for America’s longest-lasting war – the war in Afghanistan.

• There was no real effort to reach a peace agreement in the Middle East between Israel and Palestine. In fact, the actions taken by the Trump administration exacerbated the problems.

• There was no trade deal with China that would provide relief to American farmers or end tariffs on imports paid by US consumers.

• There was no federal action on gun safety measures such as universal background checks, bans on bump stocks, high capacity magazines and military-style weapons.

• There was no federal action to prevent mass shootings.

• There was no action taken to hold Saudi Arabia accountable for the murder of Jamal Khashoggi, a US resident and Washington Post contributor, or for yet another terrorist attack on US soil by a Saudi citizen.

• There was no effort to end the war in Yemen.

• There was no federal effort to combat white supremacist terrorism, the greatest terrorist threat to US citizens.

• There was no Brexit.

• And, once again, there was no effort by the Trump administration to represent or even reach out to all Americans. Instead, he continued to represent only his white nationalist base.