From Reuters here:
“For hedge funds, this is an unmitigated benefit as their tax liabilities could drop significantly,” said Robert Willens, an independent tax consultant. “Obviously, they are quite enthusiastic and there may be a few fist bumps along the way.”
A manager whose hedge fund earns $50 million a year, for example, would be paying some $19.8 million in taxes, or 39.6 percent, under the current rules. That could drop to as little as $7.5 million if the rate were cut to 15 percent.
That is going to make America great again for sure!
Feed the hedge funders and we will all do just great because they’re such benevolent and giving people.
Oh, I think I tasted a little bit of vomit after that sentiment.
From Zero Hedge here:
..in what may be his first paid speaking arrangement, Obama will be paid $400,000 to speak at Cantor Fitzgerald’s healthcare conference this September, setting the benchmark for how much an hour of the former president’s time will cost going forward.
Continuing the fantastic Democratic neoliberal/Clinton invented having your cake and eat it too.
Yes you can be a defender of the little people while you get $400k for speaking to Wall Street trading houses!
They’re not buying access or favors — they do it for the fun!
From the Daily Beast here:
Ivanka Trump, daughter and adviser to President Trump, is building a fund for female entrepreneurs, Axios reported Wednesday. “The statistics and results prove that when you invest in women and girls, it benefits both developed and developing economies,” Trump told reporter Mike Allen in Berlin. “Women are an enormous untapped resource, critical to the growth of all countries.” Trump says the fund will provide capital to both small and medium-sizes enterprises run by women around the globe and that the financing will come from various countries and corporations.
Oh yeah, that part in bold, that’s the shit right there.
Now after all the carping that President PumpkinHead did during the election about crooked Hillary and the Clinton Foundation, Ivanka the Terrible is going to rock the same business model?
Lock her up!! Lock her up!!
From NBC News here:
WASHINGTON — Dow Chemical is pushing a Trump administration that’s open to scrapping regulations to ignore the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species.
Lawyers representing Dow, whose CEO is a close adviser to President Donald Trump, and two other manufacturers of organophosphates sent letters last week to the heads of three of Trump’s Cabinet agencies. The companies asked them “to set aside” the results of government studies the companies contend are fundamentally flawed.
To be fair Obama had an agriculture secretary that was all up in the Roundup and the GMO crops which just goes to show you Uncle Sam will kill you and the animals, and Trumpy is all for it but with extra asshole sauce.
Headline from the New York Times:
White House seeking victory, aims to revive health bill.
This should be good for a few laughs.
If it works for the Freedom Cocks it won’t work for the moderates. If it works for the House, it probably won’t work for the Senate.
Let’s hope this blows up in Trump’s face again!
From CBS News here:
A majority of people in the U.S. no longer believe that President Trump keeps his promises, according to a Gallup survey released Monday.
In February, 62 percent said they thought Mr. Trump keeps his promises, but now only 45 percent think he does, the poll found. That sentiment has dropped especially among women. In February, nearly two-thirds said they thought the president keeps his promises and now only 40 percent believe he does.
Now, of course, Obama burned his supporters but that’s a great Democratic tradition of shitting on their progressive base.
But Trumpy said it was going to be different….