Yahoo Finance: Trump adds $4.1 trillion to national debt. Here’s where the money went “The biggest contributor to the $4.1 trillion that will be added to the national debt through 2029 is the Tax Cuts and Jobs Act. This signature tax cut legislation signed by Trump in 2017 single-handedly increased the debt by $1.8 trillion, according to CRFB.”
How the GOP’s Tax Cuts and Jobs Act benefits mostly the rich “This page includes estimates of TCJA’s effects in 2020. Most of the law’s benefits will go to the richest fifth of Americans, and a significant portion will go to foreign investors who own stocks in American companies and, therefore, benefit from the corporate tax cuts.”
Scientific American: Scientists have been underestimating the pace of climate change
Time: ‘We Are Being Eaten From Within.’ Why America Is Losing the Battle Against White Nationalist Terrorism “In more than a dozen interviews with TIME, current and former federal law-enforcement and national-security officials described a sense of bewilderment and frustration as they watched warnings go ignored and the white-supremacist terror threat grow. Over the past decade, multiple attempts to refocus federal resources on the issue have been thwarted. Entire offices meant to coordinate an interagency response to right-wing extremism were funded, staffed and then defunded in the face of legal, constitutional and political concerns.”
The Trump Tax Cuts Worked (As a Scam) By Eric Levitz “In May, the Congressional Research Service (CRS) found no sign that the Trump tax cuts made any discernible contribution to growth, wages, or business investment. Corporations did not plow their windfalls into exceptionally productive and innovative ventures. Instead, they mostly threw their handouts onto the giant pile of cash they were already sitting on, and/or returned it to their (predominantly rich) shareholders.”
Forbes: The 2017 Tax Cuts Didn’t Work, The Data Prove It: “Investment did not boom and workers will not see the promised bump in pay. The richest Americans instead got even richer while corporations used a lot of the new money to keep shareholders happy.”
DeVos Repeals Obama-Era Rule Cracking Down on For-Profit Colleges “Education Secretary Betsy DeVos on Friday officially repealed an Obama-era regulation that sought to crack down on for-profit colleges and universities that produced graduates with no meaningful job prospects and mountains of student debt they could not hope to repay.”
If the U.S. government’s claims that Iran was behind the tanker attack are true, 47 percent of U.S. adults would somewhat or strongly support military action while 31 percent would be somewhat or strongly opposed. Unsurprisingly, the polling uncovered a deep partisan divide with 77 percent of Republicans backing a military strike compared to just 31 percent of Democrats.
While most respondents overall opposed military action against North Korea, the “majority of Trump supporters prefer the US strike in every scenario, except when confidence in the effectiveness of the US conventional strike is 50 percent”—and even then it remained at 44 percent as opposed to a mere 8 percent for non-supporters. Separately, those who backed the death penalty were actually more eager to inflict a higher death toll among North Korean civilians.
Trump’s order to slash number of science advisory boards blasted by critics as ‘nonsensical’ “It’s no longer death by a thousand cuts. It’s taking a knife to the jugular,” one science advocate said of the order to eliminate a third of the advisory boards.
“In 2016, when he was running for President, USA Today found that [Trump] had been involved in thirty-five hundred lawsuits, and was the plaintiff in nearly two thousand of them.” (The New Yorker, May 13, 2019)
Meet the Money Behind The Climate Denial Movement “Nearly a billion dollars a year is flowing into the organized climate change counter-movement.”