Was 2017 the Year that the Tide finally Turned against Fossil Fuel Projects?

Resilience

Building a world of resilient communities

Was 2017 the Year that the Tide finally Turned against Fossil Fuel Projects?

By Susanne Dhaliwal, originally  published by Open Democracy  December 21, 2017

The end of 2017 saw a rapid escalation of big divestment announcements, including from global insurer Axa. 2018 brings more opportunity – so long as campaigning prioritises the voices of those most impacted by climate change.

Last week AXA announced its sell off of €700m of tar sands investments from its balance sheets, covering 25 tar sands companies and 3 major pipelines projects. Thomas Buberl, the company’s chief executive, called the projects “not sustainable and therefore also not insurable.”

This was a significant win for activists like the UK Tar Sands Network and the Indigenous Environmental Network, who have been calling on financial institutions to end investments in the tar sands projects and pipelines since 2009, and who have most recently taken their campaigning efforts to the insurance industry.

The AXA decision comes just weeks after BNP Paribas broke the news that it will no longer finance new shale or tar sands projects, nor work with companies that mainly focus on those resources. Last Friday, Norway’s largest life insurer, KLP announced that it would exclude from its portfolio any firms that derive 30 percent or more of revenues from the extraction of tar sands. In the same week the World Bank announced it would cease financing upstream oil and gas after 2019.

It’s welcome news. Based on the financial risks, climate impacts and indigenous rights violations, we have seen a significant shift in financial institutions backing fossil fuels. The Bank of England now recognizes the monetary risks associated with climate change and is advising the central banks and governments to get out of highly polluting fuels due to the pending carbon bubble and the bad business associated with ‘extreme’ energy extraction. As a result BP, Shell, Exxon and others have pulled out of major tar sands projects and pipelines.

And now the insurance industry is beginning to act more meaningfully. As early as the 1970s, the insurance industry acknowledged the risk of climate change and the need for the sector to take meaningful action. Insurers have already seen the costs of climate related catastrophes and extreme weather events skyrocket, compelling them to be among some of the first movers divesting from coal and also develop policies to stop the underwriting of new fossil fuel projects. But they have massive holdings in fossil fuels. And so they need public pressure to push them to divest.

So despite last week’s news, we must be careful not to pop those champagne corks too fast. Significant action and commitment has yet to be seen by Asian and American insurers. Moreover, regenerative steps need to be taken to ensure that the communities whose livelihoods depend on fossil fuels benefit from the transition to the clean energy economy. Simply put, who will be responsible for the massive clean-ups of stranded projects and direct the green energy transition?

Activists say “no thanks” to greenwash

Indigenous Climate Action’s bold stance on Aviva points the way to a breakthrough on this front.

The Canadian-based Indigenous Climate Action (ICA) group is led by Eriel Deranger, one of the foremost leaders driving the discussion about divestment and just transition. ICA is a new organisation that brings indigenous voices and solutions to the climate movement.

ICA’s groundbreaking work caught the eye of the Aviva Community Fund who awarded them a $150,000.00 cash prize in early December.

But ICA found out that Aviva plc – Aviva Canada’s parent company – held major passive investments (over half a billion USD) in corporations operating in Alberta’s tar sands, including Teck Resource Ltd (Frontier Open pit mine), Encana, Exxon, Imperial, Suncor, Chevron, Cenovus, Kinder Morgan (TransMountain pipeline), TransCanada (Keystone XL pipeline), and Enbridge (Line 3 pipeline).

So ICA had only one option, to reject the prize.

Aviva invests in projects that are in violation of international human rights and Indigenous rights standards… Aviva needs to ensure they are on the right side of history, and to do that, they must divest from projects that violate our rights and threaten our survival,” Spokesperson Kanahus Manuel commented.

The Canadian government has done little to recognise indigenous land titles. Tar sands expansion continues at an alarming rate, with even more pipelines being approved. We cannot rely on Prime Minister Trudeau’s support to join the climate action force anytime soon.

Odd as it may seem, ICA’s rejection of the 150K award has opened an unlikely opportunity – to have a meaningful conversation with Aviva.

“ICA turning down the Aviva award drives home the urgency of the financial industry cutting ties with extreme fossil fuels. ICA’s bold stand should prompt insurers, investors and banks to drop tar sands and coal across the board and ensure their policies and practices fully respect Indigenous rights,” said Ruth Breech, Senior Climate and Energy Campaigner, Rainforest Action Network.

Those impacted by climate change must be at the forefront of solutions

But it is not simply enough to applaud ICA for its bold stance. We need a rapid shift in funding structures in the non-profit world to support groups like ICA who have taken a moral stand against financial institutions like Aviva. We need to ensure that the people most impacted by climate change are also at the forefront and are involved in developing climate solutions. And we need to widen the community of actors in the divestment debate, as non-profits can act as gatekeepers to key corporate relations leaving out those most impacted by these decisions.

AXA’s new ground-breaking policy shows globally that tar sands and coal are becoming uninsurable, uninvestable and eventually unbankable. We also hope to hear from Aviva that they will be dropping their tar sands investments and have a firm commitment to stop underwriting future projects once we renew engagement in the new year.

2018 is going to be another massive year for divestment with an imminent decision from the Norwegian Wealth Fund to divest $35 billion from oil shares, from corporations such as Exxon Mobil, Royal Dutch Shell, Total, Chevron and Norway’s own oil giant, Statoil.

All of these decisions and ‘wins’ need to be grounded in an intersectional divestment movement that takes the time to think about the reinvestment strategies, that is twinned with a just transition model and opens up the seats at the table for dialogue with those most impacted by climate change and holding the climate solutions. If we can do this, 2018 is going to be an incredible year for our movements and hope for the climate.

Teaser Photo credit: Former US tar sands test pit site, Flickr/BeforeItStarts, Creative Commons. 

At least we didn’t waste money on food stamps, right?

Disclose.tv

Join us: Disclose.tv

MILITARY BONEYARD

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Posted by Disclose.tv on Monday, December 18, 2017

Why Orrin Hatch is Utahn of the Year

The Salt Lake Tribune

Tribune Editorial: Why Orrin Hatch is Utahn of the Year

Tribune Editorial: Why Orrin Hatch is Utahn of the Year(AndrŽ Chung | special to The Salt Lake Tribune) Senator Orrin Hatch is the senior senator from Utah, Chairman of the Senate Finance Committee and President pro tempore of the United States Senate.

December 25, 2017

These things are often misunderstood. So, lest our readers, or the honoree himself, get the wrong impression, let us repeat the idea behind The Salt Lake Tribune’s Utahn of the Year designation.

The criteria are not set in stone. But this year, as many times in the past, The Tribune has assigned the label to the Utahn who, over the past 12 months, has done the most. Has made the most news. Has had the biggest impact. For good or for ill.

The selection of Sen. Orrin G. Hatch as the 2017 Utahn of the Year has little to do with the fact that, after 42 years, he is the longest-serving Republican senator in U.S. history, that he has been a senator from Utah longer than three-fifths of the state’s population has been alive.

It has everything to do with recognizing:

  • Hatch’s part in the dramatic dismantling of the Bears Ears and Grand Staircase-Escalante national monuments.
  • His role as chairman of the Senate Finance Committee in passing a major overhaul of the nation’s tax code.
  • His utter lack of integrity that rises from his unquenchable thirst for power.

Each of these actions stands to impact the lives of every Utahn, now and for years to come. Whether those Utahns approve or disapprove of those actions has little consequence in this specific recognition. Only the breadth and depth of their significance matters.

As has been argued in this space before, the presidential decision to cut the Grand Staircase-Escalante National Monument in half and to slash the size of the brand new Bears Ears National Monument by some 90 percent has no constitutional, legal or environmental logic.

To all appearances — appearances promoted by Hatch — this anti-environmental, anti-Native American and, yes, anti-business decommissioning of national monuments was basically a political favor the White House did for Hatch. A favor done in return for Hatch’s support of the president generally and of his tax reform plan in particular.

And, on the subject of tax reform: For a very long time indeed, Hatch has said that his desire to stick around long enough to have a say in what indeed would be a long-overdue overhaul of the nations’ Byzantine tax code is the primary reason he has run for re-election time after time.

Last week, he did it.

The tax bill that passed the House and the Senate and was signed into law by the president Friday is being praised for bringing corporate tax rates in line with the nation’s post-industrial competitors and otherwise benefiting corporations and investors in a way that backers see as a boost to the economy, even as opponents vilify it for favoring the rich and adding to the federal budget deficit.

No matter who turns out to be right about that argument, the fact remains that tax reform has been talked about and talked about for decades and only now has anything been done. And Hatch, as chairman of the Senate Finance Committee, has his fingerprints all over it.

But perhaps the most significant move of Hatch’s career is the one that should, if there is any justice, end it.

The last time the senator was up for re-election, in 2012, he promised that it would be his last campaign. That was enough for many likely successors, of both parties, to stand down, to let the elder statesman have his victory tour and to prepare to run for an open seat in 2018.

Clearly, it was a lie. Over the years, Hatch stared down a generation or two of highly qualified political leaders who were fully qualified to take his place, Hatch is now moving to run for another term — it would be his eighth — in the Senate. Once again, Hatch has moved to freeze the field to make it nigh unto impossible for any number of would-be senators to so much as mount a credible challenge. That’s not only not fair to all of those who were passed over. It is basically a theft from the Utah electorate.

It would be good for Utah if Hatch, having finally caught the Great White Whale of tax reform, were to call it a career. If he doesn’t, the voters should end it for him.

Common is the repetition of the catchphrase that Hatch successfully used to push aside three-term Sen. Frank Moss in this first election in, egad, 1976.

What do you call a senator who’s served in office for 18 years? You call him home.”

Less well known is a bit of advice Hatch gave to Capitol Hill interns in 1983.

“You should not fall in love with D.C.” he admonished them. “Elected politicians shouldn’t stay here too long.”

If only he had listened to his own advice.

The Salt Lake Tribune Letter: It’s clear Hatch has sold his soul and lost his way

Letter: It's clear Hatch has sold his soul and lost his way(AndrŽ Chung | special to The Salt Lake Tribune) Flanked by his security staff on the left and Matt Whitlock, his communications director on the right, Sen. Hatch makes his way to a luncheon in Washington D.C. on December 21, 2017. Senator Orrin Hatch is the senior senator from Utah, Chairman of the Senate Finance Committee and President pro tempore of the United States Senate.

By Dave Klock,  The Public Forum      December 25, 2017

Sen. Hatch, what will you try to sell next just to get re-elected, the Grand Canyon? Perhaps the Mormon Temple? It’s clear to almost everyone here (Republicans, independents and Democrats alike) that you’ve sold your soul and lost your way.

You have forgotten that you work for the hard-working people of Utah and not the interests of big corporations and a president with questionable ethical standards. Your choice to stir the political pot at a time when our country needs real leadership is both sad and embarrassing.

Perhaps you are just too old and out of touch, as many say, or maybe you’ve been away in Washington, D.C., for too long. Either way, I look forward to voting for Mitt Romney in the Republican primary to rid us of a representative who no longer understands our values. No matter how a person feels about the national monuments issue, rest assured that everyone can see through your thinly veiled ruse to save your own political skin at our expense.

We deserve better. Your time is up. Thanks for nothing, Sen. Hatch.

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Venezuelans lost an average of 19 pounds each from hunger in 2016. 

CNN

December 25, 2017

“This is everything you have?” “Yes, that’s everything we have.”

This Venezuelan family is struggling just to eat. Venezuelans lost an average of 19 pounds each from hunger in 2016. http://cnn.it/2zugupY

Venezuela: Where supplies are few and pain is everywhere

"This is everything you have?" "Yes, that's everything we have."This Venezuelan family is struggling just to eat. Venezuelans lost an average of 19 pounds each from hunger in 2016. http://cnn.it/2zugupY

Posted by CNN on Monday, December 25, 2017

Healthcare Should Not Be For-Profit

U.S. Senator Bernie Sanders — US Senator for Vermont

December 22, 2017

The reason that our health care system is so outrageously expensive is that it is not designed to provide quality care to all in a cost-effective way, but to provide huge profits to the medical-industrial complex. (via act.tv)

Making Profits from Healthcare Is Sick

The reason that our health care system is so outrageously expensive is that it is not designed to provide quality care to all in a cost-effective way, but to provide huge profits to the medical-industrial complex. (via act.tv)

Posted by U.S. Senator Bernie Sanders on Friday, December 22, 2017

Putin critic Navalny barred from Russian presidential election

Reuters

Putin critic Navalny barred from Russian presidential election

Vladimir Soldatkin, Andrew Osborn   December 25, 2017

MOSCOW (Reuters) – Russian opposition leader Alexei Navalny was barred on Monday from running in next year’s presidential election after officials ruled he was ineligible to take part due to a suspended prison sentence he says was trumped up.

The decision by the central election commission was widely expected as election officials had repeatedly declared Navalny would be ineligible to run. Twelve members of the 13-member commission voted to bar Navalny. One member abstained, citing a possible conflict of interest.

Navalny, 41, who polls show would struggle to beat incumbent Vladimir Putin in the March election, said he would appeal and called on his supporters to boycott the election and campaign against it being held.

“We knew this could happen, and so we have a straight-forward, clear plan,” Navalny said in a pre-recorded video released immediately after the decision.

“We announce a boycott of the election. The process in which we are called to participate is not a real election. It will feature only Putin and the candidates which he has personally selected.”

Navalny said he would use his campaign headquarters across Russia to support the boycott and monitor turnout on voting day, March 18.

Polls show Putin, 65, who has dominated Russia’s political landscape for the last 17 years, is on course to be comfortably re-elected, making him eligible to serve another six years until 2024, when he turns 72.

Allies laud Putin as a father-of-the-nation figure who has restored national pride and expanded Moscow’s global clout with interventions in Syria and Ukraine.

Navalny says Putin’s support is exaggerated and artificially maintained by a biased state media and an unfair system. He says he could defeat him in a fair election, an assertion Putin’s supporters have said is laughable.

‘DO THE RIGHT THING’

Russian opposition leader Alexei Navalny speaks to the media after submitting his documents to be registered as a presidential candidate at the Central Election Commission in Moscow, Russia December 24, 2017. REUTERS/Tatyana Makeyeva

Before the commission voted, Navalny, dressed in a dark suit, had demanded he be allowed to take part in the election delivering a speech that angered election officials.

In one heated exchange, he said Russian voters’ faith in the system hung in the balance.

“If you do not allow me to run, you are taking a decision against millions of people who are demanding that Navalny take part,” he said, referring to himself in the first person.

“You are not robots, you are living, breathing human beings you are an independent body … for once in your lives, do the right thing,” he said.

His supporters clapped him, but officials were unmoved.

Boris Ebzeev, one of the officials, said: “We’re talking about the law and abiding by the law.”

Ebzeev said there could not be “the slightest doubt” that Navalny was ineligible to run, a reference to Russia’s constitution that bars him running because of his suspended sentence relating to an embezzlement case.

Navalny has repeatedly denied any wrongdoing, and says the case is politically motivated.

There had been some speculation prior to the decision among the opposition that Navalny might be allowed to run in order to inject more interest into what looks like a predictable contest amid Kremlin fears that apathetic voters might not bother to vote.

Navalny has been jailed three times this year and charged with breaking the law by repeatedly organizing public meetings and rallies.

Additional reporting by Denis Pinchuk; Writing by Polina Ivanova and Andrew Osborn; Editing by Edmund Blair

Our Standards:The Thomson Reuters Trust Principles.

Miami is on the verge of disaster!

 

WATCH and find out why Miami is on the verge of disaster. Investigated by Jack Black.

Read more: ecowatch.com/sea-level-rise-flooding

via Years of Living Dangerously #YEARSproject

WATCH and find out why Miami is on the verge of disaster. Investigated by Jack Black.Read more: ecowatch.com/sea-level-rise-floodingvia Years of Living Dangerously #YEARSproject

Posted by EcoWatch on Sunday, December 24, 2017

This solar and water-powered trash cleaner removes trash from rivers before it gets into the ocean.

CNN

December 25, 2017

This solar and water-powered trash cleaner removes trash from rivers before it gets into the ocean. The trash collected is then incinerated and used to power homes http://cnn.it/2zqeL4J

Meet Mr. Trash Wheel — a solar powered trash remover

This solar and water-powered trash cleaner removes trash from rivers before it gets into the ocean. The trash collected is then incinerated and used to power homes http://cnn.it/2zqeL4J

Posted by CNN on Sunday, December 24, 2017

“Swamp Thing”

John Hanno        December 25, 2017

               “Swamp Thing”

This Republi-con tax sham is what I call a “Dead skunk in the middle of the road,” one of my all time favorite song titles by Loudon Wainwright III. During my high school and Army days, friends and I would get together, drink beer and sing our favorite drinking songs at the top of our lungs…out in the woods, where no one could hear us…except the night critters.

Crossin the highway late last night

he shouda looked left and he shoulda looked right

He didn’t see the station….wagon…car…

the skunk got squashed….and there you are…

you got yer dead…skunk in the middle of the road

dead…skunk in the middle of the road

dead…skunk in the middle of the road

stinkin to high…..heaven

take a whiff on me…that ain’t no…rose

roll up your window… and hold…your nose

you don’t have to look and you don’t have to see

cus you can feel it in…your ol…factory

you got yer dead…skunk in the middle of the road

dead…skunk in the middle of the road

dead…skunk in the middle of the road

stinkin to high…..heaven

But trump’s congressional apparatchiks were so desperate to pass anything before year end, they were willing to vote for and attach their conservative bona fides and integrity onto what experts claim is the worst tax legislation ever; a bill that adds $1.44 trillion to the national debt or $1 trillion even after any increase in GDP. During the celebratory cabinet meeting and the photo op on the White House lawn yesterday, the fawnification by Mike “Glory Be” Pence and Republi-con congress folks, made for a queasy regurgitation.

Pence stated  “trump has been making history since the first day of this administration.” Well, you wouldn’t get any argument from the Democrats!

trump faithfully delivers daily historic and consequential levels of egocentric self dealing, flagrant dishonesty, institutional contempt and depraved indifference for what makes America relevant, its Democratic ethos!

The reason we expect our leaders to be forthcoming with their tax returns and financial disclosures is because our constitution has granted them the absolute power to tax individuals and businesses and control commerce.

But our income tax system relies heavily on voluntary compliance and honesty. If we’re to believe trump, that he’s been audited yearly for decades, its obvious the Internal Revenue Service routinely believes trump is neither compliant nor honest.

trump, championing this Republi-con tax scam and exuding extreme flim-flannery, claims this thing (his tax bill) will cost him a fortune, “believe me – belief…this is not good for me. I have rich friends who are not happy with me.”

I’m amazed; no one but trump could tell four lies in one short sentence.

Since he refuses to provide his tax returns, even those before 2008 and even after he repeatedly promised he would, experts must guess how much trump Inc. and family will benefit from the bill. Tax experts believe trump can expect to reap between $5 and 11 million or even more from this legislation each year. That’s a long way from “losing a fortune.”

trump and the Republi-cons continue to describe this tax cut as the largest in history, one that was designed primarily for the middle-class.

First of all, its only the seventh largest tax cut in history and by the end of the plan, those in the top 20% will receive 107% of the benefits and the bottom 80% of tax payers will actually be paying more. But most of us can see through the smoke; only 26% of America approves of the bill.

Why? Because, unlike the 1986 Reagan tax cuts, this trump-con is a 100% partisan bill with no input from the Democrats; its based on no expert testimony or critical analysis, is not revenue neutral, is clearly not tax reform, they held no public hearings and it doesn’t simplify the tax code, as trump and the Republi-cons still claim.

There are $1.6 trillion in tax breaks taken every year; this tax bill only attempted to eliminate $400 billion of those tax breaks. And one of the biggest tax break scams, the carried interest exemption – granted mostly to hedge fund managers, and roundly condemned by both Republicans and Democrats, survived this phony “Tax Reform.” And the goodies thrown into the bill in the dark of night to get the bill passed (like pass through business breaks and the Corkerkickback), added a whole new litany of tax dodges. That loophole alone will cost the treasury $414 billion.

Foreign investors will benefit more than all middle income Americans in the 30 states who voted for Trump combined. Everyone under $100,000 income will get a tax “increase” in the last 2 year of the plan.

But the most consequential element of this plan will cause America’s alarming and burgeoning income inequality to grow even worse.

As has been the record over the last 3 decades, those who benefit most from our rigged crony capitalist economy, are the military and prison industrial complexes, connected  millionaires, billionaires and multi-national corporations, and their executives, who will continue to get double digit annual increases, while those at the bottom will fall further and further behind.

Wells Fargo Bank just announced they will reap an 18% wind fall from this tax bill. Yes, that same bank who Trump owes $100’s of millions in real-estate loans to and who seems to be involved in monthly consumer scandals. Their ongoing litigation over the fake accounts scandal, the $100’s of millions in penalties and settlements, and the firing of 5,300 sacrificial low-level employees might have prodded them to raise their minimum wage for employees to $15 but that was supposedly already in the works before the tax bill was passed. The rest of America’s 7 largest banks will benefit on average 14% in additional profits from this tax bill.

trump and his departments of disinformation continue, with straight faces, to claim they are busy draining the swamp of miscreants and lobbyists, but its obvious they’re more entrenched than ever. K-Street wrote and then had to rewrite and then rewrite again this bill. The lobbyist’s fingerprints are all over the 1,000 or so pages.

The Republi-con sycophants in congress whooped and howled when trump admitted he pulled a fast one by not broadcasting to the fake media, that his slick plan to castrate the ACA by including repealing the individual mandate in the tax bill was a primary goal and a huge deal. Yes, taking healthcare away from 13 million hard working low income Americans was really a slick move. State treasuries will be tickled pink when they have to make up the difference. trump’s trumpery was almost as slick as holding hostage, to the self rewarding payments to his own family, his friends and his campaign donors, the 9 million children from low income families who depend on the Children’s Health Insurance Program for often serious health conditions.

trump incorrectly claims he “essentially repealed Obamacare” because more than 9 million Americans signed up for Obamacare this year in spite of the trump administration’s attempts to quell participation. The ACA is more popular than ever. The more trump and his cast of evildoers in congress try to cripple Obamacare, the more voters will turn against them. And if premiums grow by double-digits because of trump’s shenanigans, this administration will surely take the blame.

I wonder how the trump and Republi-con faithful, can continue to vote for toxic un-American representatives, so obviously engaged in self serving and morally and financially corrupt behavior; why are these uncritical voters standards and expectations so low?

Why can’t they see the American Democratic forest for the Republi-con trees?

Related: Article From DCReports follows…
Other Countries Have Already Launched a ‘Race to the Bottom’ to Undermine New U.S. Corporate Tax Cuts”
Unintended Consequences 101: Tax Scheme Ignites Global Tax War
The Bill Isn’t Signed Yet, But Other Countries Have Already Launched a ‘Race to the Bottom’ to Undermine New U.S. Corporate Tax Cuts

By James S. Henry, DCReport Senior Editor, Investigative Economics

Before Donald Trump has signed the new tax law, there are already troubling signs that it is the first shot in a global tax war that threatens working people and the public pensions plans that sustain them in old age.

The Trump bill, which reads like a wish list for Goldman Sachs and its clients, has already triggered an aggressive “race to the bottom” in international corporate tax rates, rules and regulations. It is the exact opposite of his campaign promise to help the middle class.

What the mainstream American news has failed to notice are the global responses, including:

South Korea, Mexico and Chile are also actively considering corporate tax cuts, in response to the US measure, my interviews with key global tax analysts around the planet reveal.

The Argentinean corporate tax cuts are especially troubling because they may well turn out to be an ominous precursor for what may happen to Social Security in America.

Macri, channeling how the American tax cuts were drafted in secret and then rammed through without hearings, “Trumped” deep cuts in pensions through Argentina’s Congress this week.

In Washington, Congressional Republicans have tried for years to weaken Social Security and undermine its finances in the hopes they can kill the most popular social support program in the country. They are expected to step up their efforts to weaken Social Security, arguing that with the tax cut legislation there just isn’t enough money to sustain the social safety net.

An indication of this approach emerged with regard to CHIP, the popular Children’s Health Insurance Program. It finances often life-saving medical care for more than nine million children and 300,000 pregnant women.

CHIP was enacted in 1997. One of its cosponsors was Senator Orrin Hatch, a Utah Republican.  On December 17 Hatch indicated that America cannot afford to continue the program, which will begin cutting children off in January unless funding is restored.

The cost of CHIP is about $15 billion annually, roughly a tenth of what the Trump/Goldman Sachs tax bill will add each year to the federal debt.

The complex and hastily drafted Trump/ Goldman tax bill makes at least 121 key tax changes that will impact more than $8 trillion of federal tax revenues over the next decade.

Trump and his sycophants claim that the corporate tax favors will more than pay for themselves. They assert that the big cuts in corporate tax rates and other favors for business will prompt much more U.S. economic growth, with many new jobs and higher wages. Wishful thinking is the response of numerous economists who are not on the Trump/Goldman Sachs payroll.

HuffPost

Donald Trump Falsely Claims Tax Bill Means ‘We Have Essentially Repealed Obamacare’

Marina Fang, HuffPost          December 20, 2017 

Donald Trump Falsely Claims Tax Bill Means 'We Have Essentially Repealed Obamacare'

WASHINGTON ― President Donald Trump on Wednesday heralded Republicans’ tax bill for its provision repealing the Affordable Care Act’s individual mandate by incorrectly asserting that the health care law as a whole had been repealed.

“When the individual mandate is being repealed, that means Obamacare is being repealed,” Trump said at a Cabinet meeting that seemed to double as his airing of grievances before the holidays. “We have essentially repealed Obamacare, and we will come up with something much better.”

This is demonstrably false. The law still remains, after Republicans’ failed efforts to repeal it earlier this year. Republicans have devised ways to fundamentally weaken Obamacare’s provisions because they have not yet figured out how to repeal it outright, as HuffPost’s Jonathan Cohn reported.

GOP lawmakers added the elimination of the individual mandate to the tax bill, partly as a concession to some Republicans who had held out supporting the bill and partly as a way to offset the economic costs of it.

Repealing the individual mandate will worsen insurance markets, but the tax bill does not affect other important structures of the Affordable Care Act, such as protections for people with pre-existing conditions, tax credits for people who buy their own insurance and the expansion of state Medicaid programs. And Obamacare enrollment continued this year, despite the Trump administration’s attempts to undermine the program.

The president said Wednesday that he did not want the media discussing his claim about the health care law.

“Obamacare has been repealed in this bill,” Trump said. “We didn’t want to bring it up. I told people specifically, ‘Be quiet with the fake news media,’ because I don’t want them talking too much about it.”

NowThis Politics
President Trump’s attacks on Obamacare aren’t just cruel – they’re grounds for impeachment

https://www.facebook.com/NowThisPolitics/videos/1839769866054495/

Mother Jones
Wells Fargo Accidentally Admits the Truth: The Republican Tax Bill Has No Connection to its $15 Minimum Wage

Kevin Drum      December 22, 2017

Richard B. Levine/Levine Roberts/Newscom via ZUMA

Sucking up to Donald Trump is tricky business. On Wednesday Wells Fargo announced that it was raising its minimum wage thanks to the passage of the Republican tax bill:

Wells Fargo to Raise Minimum Hourly Pay Rate to $15, Target $400 Million in 2018 Philanthropic Contributions, Including Expanded Support for Small Businesses and Homeownership

Company announces initial actions to support economic growth with tax reform

“We believe tax reform is good for our U.S. economy and are pleased to take these immediate steps to invest in our team members, communities, small businesses, and homeowners,” said President and CEO Tim Sloan.

That press release is a little vague. Was Wells really doing all this because of the tax bill? A pair of LA Times reporters called the press office to find out:¹

Asked by the Times to clarify the connection Wednesday, Wells Fargo spokesman Peter Gilchrist said there was none….Asked directly to confirm that the pay raises were not a result of the tax bill, Gilchrist said, “That is correct.”

But wait:

On Thursday, Gilchrist backtracked. “We believe tax reform is good for our U.S. economy and are pleased to raise our minimum hourly pay to $15 as a result.” …He would not comment on the reason for the earlier statement.

Needless to say, Wells Fargo is in a heap of trouble these days over a series of scandals that never seems to stop, so flattering the president is just good business. Maybe it won’t help, but it can’t hurt.

In any case, I think we can take this as a case study in what’s really going on with all those companies announcing new initiatives thanks to the tax bill: they have nothing to do with the tax bill at all. It’s just business as usual. But they’re certainly eager to say it’s because of the tax bill. I suppose I would be too if I had a lot of business with the Justice Department or the SEC or the Pentagon.

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Kevin is a political blogger for Mother Jones. Email Kevin calpundit@cox.net. For more of his stories, click here

5 ways Donald Trump has failed to ‘drain the swamp’

Yahoo News

5 ways Donald Trump has failed to ‘drain the swamp’

David Knowles       December 22, 2017

News video: Did Trump 'Drain The Swamp'?

In the waning days of the 2016 presidential campaign, Donald Trump repurposed a well-worn catchphrase at a Wisconsin rally that not only resonated with his base of supporters but seemed to sum up his outsider White House bid: “Drain the swamp.”

One year into his first term, however, Trump’s pledge to root out Washington corruption has not exactly yielded the quick and easy results his slogan promised. Perhaps as a result, a new poll finds a sharp jump over the past 12 months in the number (44 percent) of Americans who think that most or all of the officials in the current administration are corrupt.

Here are five ways in which the Washington swamp has survived, and even thrived, under Trump.
The lobbying boom

A man holds up a “Drain the Swamp in Washington DC” sign as Republican presidential nominee Donald Trump attends a campaign event at the airport in Kinston, N.C., Oct. 26, 2016. (Photo: Carlo Allegri/Reuters)

Trump’s swamp-draining project involved a five-point plan for scaling back the influence of lobbyists. So far, the president has made good on just one of those proposals: an executive order in January imposing a five-year ban on lobbying for outgoing administration officials. Questions have been raised about the legality of the ban, and it remains to be seen how it will be enforced.

Trump’s promise to push for a similar five-year ban on lobbying for members of Congress has yet to materialize. Meanwhile, the traffic has been mostly in the other direction, with more than 100 lobbyists named to positions in his administration, the majority serving at the very agencies they once tried to influence. The January executive order was meant to curb that practice as well, but within months the administration began granting waivers to allow lobbyists to take jobs regulating the industries they previously worked for.

Outside of government, a flood of lobbyists — many linked to the administration, including former Trump campaign manager Cory Lewandowski — have set up shop in Washington with the promise of selling White House influence. Through the first six months of the year, companies and interest groups spent a whopping $1.67 billion on lobbying, according to figures from the Center for Responsive Politics.

“I don’t think that anything’s really changed,” Republican lobbyist Brian Wild told Politico. “If anything, the lobbying business is booming right now.”

Amended staff disclosures

Former national security adviser Michael Flynn departs U.S. District Court in Washington Dec. 1. He pleaded guilty to lying to the FBI about his contacts with Russia’s ambassador to the United States. (Photo: Jonathan Ernst/Reuters)

As a candidate, Trump assured voters he would appoint “only the best and most serious people” to his administration. Accurately filling out financial disclosure forms, however, has proved elusive for many of his appointees.

Jared Kushner, the president’s son-in-law, has amended his financial disclosure forms 39 times, according to the Citizens for Responsibility and Ethics. In his July revisions, for instance, Kushner revealed that he had “inadvertently omitted” over 70 assets worth $10.6 million, and he added the names of more than 100 foreign contacts not previously disclosed.

Michael Flynn, who Trump says he fired for lying to the FBI and the vice president, amended his disclosure forms in August to include business contacts with an Iranian-American as well as consulting payments for a project to build nuclear power plants in the Middle East. This month, Flynn pleaded guilty to lying to the FBI about conversations he had with the Russian ambassador to the U.S.

Former Trump campaign manager Paul Manafort and longtime Trump business associate Rick Gates have been charged with money laundering, for allegedly moving millions of dollars through foreign shell companies. Three days after Gates surrendered and the terms of his bail agreement were being set, his lawyers admitted that their client had failed to disclose that he was in possession of a second passport.

The Trump Organization

Traffic is seen moving along Pennsylvania Avenue in front of the Trump International Hotel in Washington Nov. 3. (Photo: Pablo Martinez Monsivais/AP)

Despite the establishment of a revocable trust meant to insulate the Trump Organization’s business dealings from the presidency, a change to the document added in February allows Trump to tap profits “at his request,” ProPublica reported. Essentially, this means that Trump can still directly benefit from such holdings as his golf courses, his Washington, D.C., hotel, and foreign real estate transactions, despite conflict of interest claims.

“A president is not permitted to receive cash and other benefits from foreign governments,” Norm Eisen, who advised President Obama on ethics and government reform, told NPR’s Terry Gross. “And yet, Donald Trump is getting a steady flow of them around the world and right here in the United States.”

For a president who has spent nearly a third of his time in office at a Trump-owned property, where taxpayers also foot the bill for Secret Service lodging, the advantages of such an arrangement are apparent.

Meanwhile, Trump’s family has worked hard to expand the Trump Organization’s deals around the globe, the profits from which could put the president in violation of the emoluments clause of the Constitution.

Despite assurances that the president would be kept in the dark about his business empire while in the White House, Eric Trump told Forbes that he briefed his father on a quarterly basis “on the organization’s bottom line, profitability reports and stuff like that.”

Financial opacity

Demonstrators participate in an April 15 march and rally in New York to demand President Trump release his tax returns. (Photo: Mary Altaffer/AP)

While running for president, Trump refused to make his tax returns public — as candidates and presidents have done for the last 40 years — on the grounds that he was under audit by the Internal Revenue Service. In fact, there is no legal prohibition on sharing audited returns, leading to widespread speculation about what Trump didn’t want the public to see.

As the Republican tax plan took shape in Congress, Trump attempted to sell it to the public on the grounds that it would increase taxes for the wealthy, including himself. “I’m doing the right thing,” Trump said, “and it’s not good for me. Believe me.”

There is no way to verify that assertion, but tax experts doubt it.

“Trump will make out like a bandit on all the big items,” Steven M. Rosenthal, a senior fellow at the nonpartisan Tax Policy Center, told the New York Times.

Still, without Trump’s actual tax returns, it’s hard to know exactly how much the bill will personally benefit the president and his family. As White House press secretary Sarah Sanders made clear this month, the chances that Trump will ever release them rates somewhere between slim to none.

“My understanding — and I will double-check — but the president’s taxes, no matter who the president is, actually immediately go under audit after being filed,” Sanders told reporters.

All in the family

White House senior adviser Jared Kushner with his wife, Ivanka Trump, during a welcoming ceremony for her father at Ben Gurion International Airport in Tel Aviv on May 22. (Photo: Jonathan Ernst/Reuters)

There is little denying that the president has stacked his administration with family members and close friends. As Abraham Lincoln recognized in assembling a Cabinet that would function as a “team of rivals,” such an arrangement rewards loyalty above actual government experience, let alone expertise.

While past administrations adhered to a 1967 anti-nepotism law that forbade the appointment of family members, the Trump administration procured a Justice Department ruling that paved the way for unpaid White House roles for first daughter Ivanka Trump and her husband, Jared Kushner.

“In choosing his personal staff, the President enjoys an unusual degree of freedom, which Congress found suitable to the demands of his office,” Daniel Koffsky, deputy assistant attorney general in the DOJ Office of Legal Counsel, wrote in a legal opinion.

Almost overnight, Kushner, a real estate developer with no discernable diplomatic experience, was tasked with jump-starting an intractable Middle East peace process.

Ivanka Trump, meanwhile, has attended high-level meetings with foreign leaders and continues to advise her father.

“I have heard the concerns some have with my advising the President in my personal capacity while voluntarily complying with all ethics rules, and I will instead serve as an unpaid employee in the White House Office, subject to all of the same rules as other federal employees,” the president’s daughter said in a statement. “Throughout this process I have been working closely and in good faith with the White House counsel and my personal counsel to address the unprecedented nature of my role.”

Also unprecedented was the promotion of Ivanka’s clothing brand by counselor to the president Kellyanne Conway.

“Go buy Ivanka’s stuff is what I would tell you,” Conway said during a Feb. 9 appearance on “Fox & Friends.” “I’m going to give a free commercial here. Go buy it today, everybody.”