Plenty of money for ILLEGALS……AMERICA’S
OPEN BORDERS
HOMELESS ELDERLY LEGALS in AMERICA UNDER
MEX OCCUPATION
A Nation dies young, poor, addicted
and homeless…. It’s the American dream as the rich get super rich!
According to the National Alliance to End Homelessness, the number
of elderly persons who are homeless in the US will have doubled by 2050.
"In the first part of the Lancet series, “Inequality and the
health-care system in the USA,” the British medical journal’s
researchers found that these income-based disparities in US
life expectancy are worsened by the for-profit US health care
system itself, which relies on private insurers,
pharmaceutical companies and health care chains. It is also
the most expensive health system in the world."
SWAMP DWELLER TRUMP ASSAULTS MEDICAID AND MEDICARE
Opponent of Medicaid,
Medicare sworn in as Health and Human Services secretary
$1.4 trillion in cuts to health program for
the poor
Whatever its immediate fate, however, the Trump budget
serves a definite political purpose. It lays down a marker
for a phony budget “debate” in Congress, in which both
Democrats and Republicans will claim to oppose Trump
cuts as too drastic while they settle for a “compromise” that
imposes devastating and unprecedented cuts and serves as
the prelude to the destruction of Medicare and Social
Security.
Trump budget aims to fatally cripple Medicaid
By Patrick Martin
25 May 2017
25 May 2017
The budget
plan announced by the Trump administration on Tuesday would cut more than $1.4
trillion over ten years from Medicaid, the main federal health insurance
program for the poor and disabled, according to detailed analyses of the budget
document by both conservative and liberal think tanks.
While White
House officials sought to conceal
this truth, the impact of the budget would be
to dramatically worsen access to health care
for the 74 million people now
covered by the
program, half of them children. The
inevitable result will be
greater sickness and
suffering, and earlier deaths, for vast
numbers of
Americans.
White House
Budget Director Mick Mulvaney initially claimed that the $610 billion in cuts
in Medicaid proposed in the budget overlapped extensively with the $834 billion
in Medicaid cuts already mandated by the American Health Care Act (AHCA), the
Obamacare repeal legislation that was passed by the House of Representatives
earlier this month and is now to be taken up by the Senate.
However,
studies by the right-wing Heritage Foundation, the liberal Center on Budget and
Policy Priorities and other think tanks confirm that there is actually little
overlap. The White House has proposed massive additional cuts to Medicaid on
top of those in the AHCA. The two numbers should be added together, bringing
the total level of cuts to more than $1.4 trillion over a ten-year period.
By 2027, the
end of the period covered by the Trump budget projections, annual Medicaid
spending will be reduced by 47.2 percent, nearly half.
The budget
document presumes that the AHCA will be passed by the Senate and signed into
law by Trump. The AHCA effectively repeals the expansion of Medicaid that was a
major component of Obamacare and led to the enrollment of 10 million more people
in the program, mainly by raising the income ceiling for beneficiaries to 133
percent of the poverty line.
The AHCA
converts Medicaid from an entitlement program, where every eligible person is
able to enroll and receive guaranteed benefits, to a program based on block
grants to the states, the value of which will be capped, forcing states to
tighten eligibility, limit enrollment and cut benefits. Under the AHCA, the
Medicaid caps would rise at the inflation rate of health care costs generally,
a figure much lower than the inflation rate of spending for Medicaid
recipients, who are generally poorer and sicker than the general population.
The Trump
budget makes the caps even tighter, allowing them to rise only at the general
rate of inflation for consumer prices as a whole. Since health care costs have
outpaced the Consumer Price Index by a wide margin every year, this amounts to
decreeing an annual cutback in the level of Medicaid coverage.
Who depends
on Medicaid? About 18 percent of Medicaid spending is for elderly people
confined to nursing homes, whose care is not covered by Medicare, the federal
health insurance program for those 65 and over. Medicaid pays all or part of
the cost for 60 percent of all US nursing home residents, more than a million people.
Another 42
percent of Medicaid spending is for the disabled: the blind, the deaf, those
physically crippled and unable to work, and those suffering from serious mental
illness.
The
remaining 40 percent goes mainly to low-
income parents with children, although
some states
have extended eligibility to childless adults. More
than half of
all births in the United States are to
mothers covered by Medicaid, with the
figure rising
to as high as 65 percent in a poor state like
Louisiana.
In addition
to the gutting of Medicaid, there are other health care-related cuts that will
affect millions of working people and their children. One of the most nefarious
is a reduction in spending for the Children’s Health Insurance Program (CHIP).
The budget proposes to reduce funding by about 20 percent over the next two
years, and $6 billion over ten years. CHIP covers the children of working
people whose incomes are slightly above the level for eligibility for Medicaid,
but still far too low to be able to afford coverage on the private insurance
market.
The budget
also cuts $1.2 billion from the Centers for Disease Control and Prevention, the
premier agency in the world for detecting and fighting epidemics like Ebola and
Zika. The resulting CDC budget would be its lowest in 20 years. The cuts
include a 26 percent reduction in research on birth defects and developmental
disabilities, under conditions of a Zika epidemic in the US territory of Puerto
Rico, and a 10 percent reduction in the CDC’s office of public health preparedness
and response.
In an angry
tweet, former CDC Director Tom Frieden said the Trump budget request for the
agency was “unsafe at any level of enactment.” He added that the cuts “Would
increase illness, death, risks to Americans, and health care costs.”
Budget
Director Mulvaney spelled out the real concerns of the Trump White House when
he responded to criticism that the budget was heartless in its treatment of the
poor, sick and disabled. “Compassion needs to be on both sides of that
equation,” he said Tuesday. “Yes, you have to have compassion for folks who are
receiving the federal funds, but also you have to have compassion for the folks
who are paying it.”
“Compassion
for the billionaires”—the new mantra of the Trump administration and of
American capitalist politics as a whole!
But not even
the American corporate media could sell such a political slogan. Instead, press
reports have sought to muddy the waters and dispel popular outrage by
dismissing the Trump budget as unlikely to be enacted. There has been much
attention to declarations by congressional Republicans that Trump’s budget plan
was “dead on arrival,” and that the budget committees in the House and Senate
would write their own budget plans without regard to the White House document.
Whatever its
immediate fate, however, the Trump budget serves a definite political purpose.
It lays down a marker for a phony budget “debate” in Congress, in which both
Democrats and Republicans will claim to oppose Trump cuts as too drastic while
they settle for a “compromise” that imposes devastating and unprecedented cuts
and serves as the prelude to the destruction of Medicare and Social Security.
Republican
House Speaker Paul Ryan hailed the Trump budget document as a starting point.
“At least we now have common objectives,” he said, adding that the “last
president never proposed, let alone tried, to balance the budget.”
Democratic
Senate Minority Leader Charles Schumer said Republicans “dislike this budget
almost as much as we do.” He continued: “Democrats and Republicans will tell
President Trump and his minions to stay at the other end of Pennsylvania
Avenue. Let us work out a budget together that will make America a better
place.”
The top
congressional Democrat thus held out the prospect of bipartisan collaboration
with Ryan, Senate Majority Leader Mitch McConnell and other Republican
reactionaries, whose main objection to the budget plan is Trump’s refusal to
call openly for cuts to Social Security and Medicare.
Health care,
pensions, food stamps, education, housing, science, art, environmental
regulations are being gutted to pay for a multitrillion-dollar tax cut for the
rich and increased military spending. Programs that are
essential to
maintaining the rudiments
of civilized life in a modern, complex
society—enacted
under the pressure of
mass struggles of the working class—
are being destroyed
by two political
parties of big business and a
government of, by and for the
financial
oligarchy.
THE
SWAMP DWELLERS
GLOBAL
LOOTING of the POOR
TRUMP,
KUSHNER and FAMILY, BILL, HILLARY &
CHELSEA CLINTON, MICHELLE AND “HOPE & CHANGE” PSYCHOPATH MUSLIM BARACK
OBAMA!
Will
they finish off America as they serve themselves and the super rich???
THE OPEN BORDERS PARTY of GEORGE SOROS, HILLARY
& BILLARY CLINTON, BARACK OBAMA and DONALD TRUMP
DONALD TRUMP, HIS PARASITIC FAMILY, HIS GOLDMAN SACHS
REGIME and GOD FATHER, GEORGE SOROS… .global looters of the
poor!
http://mexicanoccupation.blogspot.com/2017/05/the-jared-kushner-donald-trump-george.html
TRUMPERNOMICS: IMPLEMENTING
OBAMA-CLINTONIMCS
“CRIMINAL BANKSTERS WILL CONTINUE TO RULE
AMERICA!” Twitter Trumper
OBAMA-CLINTON-TRUMPERnomics: The
Massive Transfer of Wealth to the Super Rich Ratcheted up!
The American oligarchy, steeped in
criminality and parasitism, can produce only a government of war, social
reaction and repression. In its blind avarice, it is creating the conditions
for unprecedented social upheavals. It is hurtling toward its own revolutionary
demise at the hands of the working class.
BUT WE KNOW WHERE THEY LIVE!
“The massive transfer
of wealth will not go to investment, but to acquiring bigger diamonds; more luxurious mansions, yachts and private jets; new private islands; more security
guards and better-
protected gated communities to segregate the financial nobility from the masses whom they despise and fear.”
protected gated communities to segregate the financial nobility from the masses whom they despise and fear.”
“Our entire crony capitalist system, Democrat and Republican alike,
has become a
kleptocracy approaching par with third-world hell-holes.
This is the way a
great country is raided by its elite.” ---- Karen
McQuillan AMERICAN
THINKER.com
America’s Super-rich Live 15 Years Longer!
………….. America’s Bludgeoned Middle-Class Dies Young, Addicted and Poor!
WE ARE MEXICO'S WELFARE SYSTEM
.... A Glimpse...
$640,000 and breeding anchor babies like bunnies
MURDER, RAPE, LOOT and VOTE DEM FOR MORE!
EACH ILLEGAL WILL COST THE AMERICAN PEOPLE
$640,000 and then they go breed anchor babies for more!
$640,000 and then they go breed anchor babies for more!
America’s Super-rich Live 15 Years Longer!
………….. America’s Bludgeoned Middle-Class Dies Young, Addicted and Poor!
WHICH SIDE OF THE EQUATION ARE YOU DIGGING YOUR CHILDRENS’ GRAVES?
“Millions
of middle class families have been driven to bankruptcy by illness and
medical bills.”
“This dramatic contrast in
life expectancy between the rich and poor is directly correlated to the growth
of obscene wealth at the top among a tiny elite and entrenched poverty among
growing numbers of people at the bottom.”….. BUT AMERICA STILL FINDS BILLIONS
TO HAND TO MEXICAN INVADERS, WHICH INCLUDES “FREE” HEALTHCARE.
In the first part of
the Lancet series, “Inequality and the health-care system in
the USA,” the British medical journal’s researchers found that these income-based
disparities in US life expectancy are worsened by the for-profit US health care
system itself, which relies on private insurers, pharmaceutical companies and
health care chains. It is also the most expensive health system in the world.
THE OBAMA CONSPIRACY TO DESTROY AMERICA:
DRUGS, POVERTY and OPEN BORDERS
DRUGS, POVERTY and OPEN BORDERS
SOARING POVERTY AND DRUG ADDICTION UNDER OBAMA
"These figures present a scathing indictment
of the social order that prevails in America, the world’s wealthiest country,
whose government proclaims itself to be the globe’s leading democracy. They are
just one manifestation of the human toll taken by the vast and all-pervasive
inequality and mass poverty.”
AMERICA’S ECONOMIC ARMAGEDDON – The
Impact of TRUMPERNOMICS
Under
Obama-Clintonomics, the rich became VERY rich and we got the tax bills for
their bailouts and crimes! Trump and his Goldman Sachs regime will double
the numbers of rich and quadruple the number of LEGALS living in poverty.
Half of US Fortune 500 companies pay next to nothing in state taxes
By John Marion
Half of US Fortune 500 companies pay next to nothing in state taxes
By John Marion
25 May 2017
As the Trump administration and Congress prepare to cut federal taxes on corporations by trillions of dollars, a new report by the Institute on Taxation and Economic Policy (ITEP) documents that, among the 258 Fortune 500 companies which were profitable in 2014, the average effective tax rate levied by all 50 states was only three percent of profits.
ITEP was able to analyze state and local tax payments for 240 of the 258 companies in question. If these companies had paid the average state corporate tax rate—which was only 6.25 percent—on the $3.7 trillion in US profits that they reported to their shareholders between 2008 and 2015, they would have paid $126 billion more in taxes than they actually did.
Just a few examples give the lie to claims that there is not enough money to fund public education, infrastructure repair, public transportation, Medicaid, and other social needs.
In the eight years between 2008 and 2015, according to the ITEP analysis, International Paper and Levi Strauss had negative effective tax rates (-2 percent and -1.7 percent, respectively). Facebook and Intel had effective rates of 0.3 percent during the same period. United Technologies and Honeywell International, which profit from US military contracts, had rates of 1.3 percent and 1.5 percent, respectively.
In some cases, states have lowered their tax rates on corporate profits in recent years. Massachusetts, for example, had a rate of 10.5 percent until January 1, 2010, but has since stepped it down to 8 percent. The state has also set an absurdly low minimum excise tax amount of $456 for any corporation that cries poor.
According to the ITEP report, North Carolina has a rate of 3 percent this year, Mississippi between 3 percent and 5 percent, Colorado 4.63 percent, Utah and South Dakota 5 percent, and Florida 5.5 percent.
Individual corporations which threaten to move their operations from one state to another are often mollified with special tax breaks. Tax breaks are also given by states to large corporations in order to entice them to move. In just one example, Massachusetts and the city of Boston agreed in January 2016 to give General Electric nearly $150 million of tax breaks and other incentives when it committed to moving its headquarters from Connecticut to Boston. Given that GE promised to bring 800 jobs in the move, the cost per job of the government incentives was $180,000.
In addition to these two factors—low base rates and giveaways that are essentially extortion payments—are a variety of tricks used by corporations to shuffle assets and profits between states. According to the ITEP report, 27 states have enacted or partially enacted combined reporting rules in an attempt to quell the use of bogus subsidiaries in other states that have lower tax rates.
Some of the tricks commonly used in states without combined reporting are just a boardroom version of Three-card Monte. A June 2007 study by the Economic Policy Institute and the Massachusetts Budget and Policy Center described some:
• Captive REITs (Real Estate Investment Trusts) pay dividends to their shareholders and can then deduct the dividends paid from the trust’s taxable income. The dividend recipient can then take a dividends received deduction. A “captive” REIT is a shell company for the parent, which owns a controlling share even though REITs are legally required to have at least 100 shareholders. By this means, the parent company avoids paying taxes on its real estate profits.
• Income Shifting: Not only is income moved to shell companies in states with lower (or no) tax rates, but intangible assets can be assigned. “In a recent case, a Massachusetts company had royalty income from third parties. The company simply contributed the intangible asset (a trademark) to a Delaware subsidiary. The subsidiary receives the income and pays no state tax. It then pays dividends to the Massachusetts parent, which qualifies for the 95% dividends received deduction.”
• Factoring of Accounts Receivable: A distributor or wholesaler sells its accounts receivable to an out-of-state affiliate at an artificially low price and says that the affiliate will collect from its customers. Because the price at which it “sold” the receivables is much lower than what the customer owes, the parent company takes a loss on its taxable income. The affiliate then sells the receivables to a third party at a higher price and claims that the resulting revenue is not taxable in Massachusetts.
• Captive Employee Leasing Companies: In one example, “a major publicly-traded corporation paid most of the employees through a separate affiliated corporation that ‘leased’ the employees to the operating entity. The employees then … were not included in the operating company’s payroll for apportionment purposes.”
These practices result not only in low effective tax rates on corporate profits, but also in low corporate tax revenues for states. In Massachusetts, for example, revenues from the individual income tax were $12.1 billion between July 2016 and April 2017, and the regressive sales tax added $5.1 billion to the state treasury. During the same period, corporate taxes contributed only $1.7 billion.
A January 25 report by Kim Rueben and Richard Auxier of the Urban Institute, titled “State Budgets in the Trump Era,” found that in all but 13 states corporate taxes make up less than three percent of revenues.
From National Association of State Budget Officers (NASBO) data, the authors report that in 2016 half of US states took in less revenue than they budgeted, and 31 states are struggling with shortfalls in their fiscal year 2017 budgets even though states are legally required to have balanced books at the end of each fiscal year. Moreover, “after adjusting for inflation, 32 states spent less in fiscal year 2016 than at their prerecession peak in fiscal year 2008.”
One other practice, codified in law, deprives state governments of billions of dollars in potential revenue. Hospitals, universities, and other large “not-for-profits” are not taxed, despite the size of their revenues or endowments. Partners Healthcare, for example is one of the largest employers in Massachusetts and owns some of its most renowned hospitals. Its yearly revenues are more than $12.1 billion, and according to its 2014 Form 990, $2.7 million was paid to CEO David Torchiana.
Harvard University, with an endowment of $35.7 billion, paid its chief executive $14.9 million in fiscal year 2015. Nonetheless, it is not satisfied with the growth of its endowment. The Boston Globe recently interviewed a recruiter of university investment executives who said, “Harvard was paying their people top Wall Street money for performance that would’ve gotten them fired on Wall Street.” From these commanding heights, Harvard pays the city of Cambridge a small “payment in lieu of taxes” and pays the state nothing.
Many states tie their individual income tax calculations to the federal Adjusted Gross Income, and federal tax expenditures like the deduction for state or local taxes are designed as indirect ways to increase state tax revenues. Federal tax changes under Trump, therefore, will have a cascading effect on individual income taxes in each state. It is too soon to predict the effects on state revenues, but it is certain that workers will be made to pay more taxes.
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