Daily Archives: January 2, 2018

Corporations Hoard Their Trump Tax Windfall

Posted on January 2, 2018 by | Comments Off on Corporations Hoard Their Trump Tax Windfall

After President Trump signed the GOP tax plan into law, some of the bill’s corporate beneficiaries have offered workers minor bonuses. But NEP’s Bill Black says they’re keeping most of the money for themselves — and starting a new global race to the bottom for corporate taxes. You can view here with a transcript.

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Trump, GOP Pull Off Their Tax Heist

Posted on January 2, 2018 by | Comments Off on Trump, GOP Pull Off Their Tax Heist

NEP’s Bill Black appears on The Real News discussing Congressional Republicans have approved their tax bill, a massive upward transfer of wealth that fulfills a decades-long right-wing goal of permanent tax cuts for corporations. You can view here with a transcript.

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We Pay versus You Pay

Posted on January 2, 2018 by | 19 comments

The New Regulatory Regime of Modern Fiat Money

By J.D. ALT

I was momentarily taken aback to read in the Washington Post that a primary reason Donald Trump was elected president of the United States was because of a little swampy area in the middle of an Iowa farmer’s cornfield. The cornfield in question belongs to an Angus beef farmer named Annette Sweeney who was both incredulous and outraged by the Obama administration’s new regulations on Clean Water. The regulations, known as WOTUS (Waters of the United States), established that the 1972 Clean Water Act applied not just to just major bodies of water, but also to their headwaters which, by circuitous routes, feed them. This headwater stipulation, by definition, included a ½ acre swampy place in the middle of the cornfield Annette Sweeney’s family had used to feed their beef cows for over two generations. This meant that the cornfield she thought belonged to her family was now essentially under management of the federal government—which stipulated requirements for new inspections and permitting regimes costing her thousands of dollars and untold hours of strife just to be allowed to plant feed-corn without garnering federal fines. Not only did Annette Sweeney vote for Donald Trump, she became a political activist advocating, successfully, against government regulations of virtually any kind whatsoever.

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