House Republicans have released their tax bill, and as expected it includes several massive tax cuts. But here's the issue: The Trump Organization is a pass-through business — but it is not a small business. And the Trump Organization isn't the only large company taking advantage of this policy; huge corporations have increasingly made money as pass-through businesses. Trump has lobbied for lower tax rates for pass-through businesses, but now we have an actual bill that shows what House Republicans want to do. This cartoon explains how the pass-through system works now, how Trump and House Republicans want to change it, and why it would benefit the wealthy.
Donald Trump nominates Jerome Powell to be next Chairperson of Federal Reserve System
Mr. Powell, 64, is seen as a safe pick. Mr. Trump made the announcement in a Rose Garden ceremony with Mr. Powell standing beside him. He said Mr. Powell had earned the "respect and admiration of his colleagues" in his five years on the Fed's board. Unlike the past three Fed leaders, Mr. Powell lacks a Ph.D. in economics and spent years working at investment firms. In choosing him, Mr. Trump decided against offering another term to Ms. Yellen despite widespread approval for her performance.
Donald Trump laments he's 'not supposed' to influence DOJ, FBI
as mentioned in Washington (CNN) President Donald Trump said Thursday he wishes he could get involved with the Justice Department and direct it toward Hillary Clinton. "The saddest thing is that because I'm the President of the United States, I am not supposed to be involved with the Justice Department," Trump said. Trump's comments on the radio program "The Larry O'Connor Show" about the Justice Department and FBI came the same week the Justice Department's special counsel investigation handed down indictments to his former campaign hands. "I look at what's happening with the Justice Department. Well, why aren't they going after Hillary Clinton with her emails and with her, the dossier?"Donald Trump Wouldn't Have Made it Off the Block If He Was Black, Says Ta-Nehisi Coates
If President Donald Trump were black, his race, combined with the fact he is politically unqualified, would've stopped him from being elected governor, let alone president, according to author and journalist Ta-Nehisi Coates. "Trump is professionally stupid," Coates said during a lecture at the University of Pennsylvania on Wednesday. "You cannot convince me that somebody could be black, and be that politically unqualified, and even be a governor, forget president. If Donald Trump was black, he wouldn't have made it off the block," Coates said. And they say, 'Nah, it's yellow,'" Coates said, referring to the administration's support of the Confederacy.
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