Study Finds Trump Tax Cuts Failed to Do Anything But Give Rich People Money

Congratulations to President Trump and other beneficiaries of the Trump tax cuts.

The biggest effect of the Trump tax cuts is obvious: People who own businesses and other sources of concentrated wealth will have a lot more money, and the federal budget will have less. But the advocates of the tax cuts insisted it wasnt about letting the makers keep their hard-earned money rather than handing it over to the takers. It was about incentivizing business to repatriate funds and ramp up its investments, thereby increasing growth and wages.

The Congressional Research Service, a kind of in-house think tank for Congress, has anew paperanalyzing the effects of the Trump tax cuts. It finds that none of those secondary effects have materialized. Growth has not increased above the pre-tax-cut trend. Neither have wages. After a brief and much smaller than expected bump, repatriated corporate cash from abroad has leveled off.

Its of course possible that the growth in wages would take longer than the year or so that has passed since the tax cut to show up. If the Trump tax cut had encouraged new business investment, it might take years for the new investment to bear fruit. But the study looks directly at business investment and finds nothing:

Supporters of the Trump tax cuts insisted not only that they would promote growth, but that they would promote so much growth the measure would pay for itself. Even moderates like Susan Collinsrepeatedassurances by the partys pseudo-economists that the plan would not increase the deficit. So far, the growth feedback from the tax cuts has made up about 5 percent of the plans revenue loss, a mere 95 percent shy of the predictions.

The passage of the plan was met with a coordinated wave of corporate public-relations announcements of worker bonuses. But the paper finds no widespread increase in bonuses or worker compensation.

When assessing these arguments, keep a close eye on the number of Republican officials or conservative policy-makers who revise their position on the Trump tax cuts in light of the data. If their true primary goal was to increase business investment, then the complete failure of a highly expensive program to achieve its stated goal would lead them to question their support. Why not cancel the Trump tax cuts and use the couple trillion dollars in lost revenue to fund a more effective growth-promoting policy?

So far, the number of Republicans reassessing their support for the Trump tax cuts is, give or take, zero. What this suggests is that the alleged growth-incentivizing secondary effects of the plan were rationales, and the primary effect giving business owners more money was the hidden main goal all along.

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Study: Trump Tax Cuts Failed to Help Anybody But the Wealthy

Kavanaughs Impeachment May Have Just Become a 2020 Issue

NYT Makes Major Correction That Undermines Its Big Brett Kavanaugh Story

What We Learned From the New Book on Brett Kavanaugh and His Accusers

Warren Continues to Emerge As a Potential Democratic Unity Figure

Kavanaughs Impeachment May Have Just Become a 2020 Issue

NYT Makes Major Correction That Undermines Its Big Brett Kavanaugh Story

What We Learned From the New Book on Brett Kavanaugh and His Accusers

Warren Continues to Emerge As a Potential Democratic Unity Figure

Nobody is enjoying the New York Timess walkback of its story more than Mitch McConnell

McConnell on latest Kavanaugh allegation: There they go again, Mr. President, calling it a sad and embarrassing chapter, and saying Dems are hysterically calling for Justice Kavanaugh to be impeached

NYT Makes Major Correction That Undermines Its Big Brett Kavanaugh Story

Elon Musk on Monday said he did not intend to accuse a British diver of pedophilia by branding him a pedo guy on Twitter, as the Tesla Inc chief executive sought to dismiss a defamation lawsuit.

Musk posted the tweet, for which he later apologized, after Vernon Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworths diving team rescue 12 boys and their soccer coach from a Thailand cave in July 2018.

Unsworth sued two months later in Los Angeles federal court, saying Musk falsely branded him a pedophile and child rapist.

Pedo guy was a common insult used in South Africa when I was growing up, Musk, 48, who was raised in Pretoria, said in a court filing. It is synonymous with creepy old man and is used to insult a persons appearance and demeanor.

Elon Musk says pedo guy tweet did not suggest British cave diver was pedophile

Kavanaughs Impeachment May Have Just Become a 2020 Issue

NYT Makes Major Correction That Undermines Its Big Brett Kavanaugh Story

What We Learned From the New Book on Brett Kavanaugh and His Accusers

Warren Continues to Emerge As a Potential Democratic Unity Figure

Poll: One in four teens has participated in some kind of climate change protest

A solid majority of American teenagers are convinced that humans are changing the Earths climate and believe that it will cause harm to them personally and to other members of their generation, according to a new Washington Post-Kaiser Family Foundation poll. Roughly 1 in 4 have participated in a walkout, attended a rally or written to a public official to express their views on global warming remarkable levels of activism for a group that has not yet reached voting age.

U.S. more directly pins blame for Saudi oil attacks on Iran

American officials say intelligence indicates that Iran was the staging ground for a debilitating attack on Saudi Arabias oil industry, and have shared the information with Saudi Arabia as both countries weigh retaliatory strikes, according to people familiar with the discussions.

The Trump administration told the Iraqi government this weekend that its country wasnt used to launch Saturdays attack, according to U.S. and Iraqi officials. The U.S. has already dismissed a claim by Houthi militants that they sent 10 drones to attack the Saudi oil sites, which crippled the kingdoms petroleum industry and sent energy markets into a tailspin.

That conclusion, which the U.S. has yet to make publicly, comes as President Trump raises the prospect of the U.S. and Saudi Arabia joining forces to launch a retaliatory strike on Iran. Such a move could quickly broaden into a regional conflict.

U.S. Tells Saudi Arabia Oil Attacks Were Launched From Iran

Everything We Know About Saudi Oil Attacks and the Escalating Crisis in the Gulf

A big victory for Warren, and a loss that will smart for Bernie

The Working Families Party, the labor-aligned progressive group whose electoral influence has grown since the 2016 election, has endorsed Senator Elizabeth Warren of Massachusetts for the Democratic presidential nomination, a boon to her candidacy as she attempts to position herself as the main challenger to former Vice President Joseph R. Biden Jr.

The party endorsed Senator Bernie Sanders of Vermont during the last presidential cycle, at which time he described Working Families as the closest thing to my vision of democratic socialism. The groups endorsement of Ms. Warren on Monday, one of the few by an influential progressive organization this early in the primary, is sure to turn heads among left-leaning Democrats who are desperate to defeat the current front-runner, Mr. Biden, in a primary election where their partys ideological future is at stake.

If our focus is on victory, we cant be delusional about it, said Maurice Mitchell, the Working Families Partys national director. You dont defeat the moderate wing of Democrats through thought pieces or pithy tweets, you defeat their politics through organizing.

At the weekly Senate GOP communicators meeting on the Hill today, a WH official told GOP aides that a guns package was still likely to come this week from the White House, per person who was there.

NYT Makes Major Correction That Undermines Its Big Brett Kavanaugh Story

A woman who Kavanaugh reportedly sexually harassed at Yale does not remember the alleged incident.

A major repercussion of the attack on Saudi oil facilities

Purdue Pharma filed for bankruptcy following a tentative settlements over its role in the opioid crisis

Purdue Pharma, the drug manufacturer accused of triggering the nations epidemic of opioid addiction through its sale of the profitable but highly addictive painkiller OxyContin, filed for bankruptcy Sunday.

The Chapter 11 filing is expected to lead to the ultimate demise of a company that sold a fraction of the opioid prescriptions in the United States but nonetheless is most closely identified with the epidemic because of its pioneering role in the sale of narcotic pain pills. The company used aggressive, allegedly misleading, sales tactics to push physicians to prescribe millions of doses of its dangerously addictive pills.

The companys move to seek financial shelter, part of a tentative settlement with thousands of litigants, will shift the focus to new wrangling over how potential proceeds will be divvied up by communities reeling under the burden of addiction and overdose deaths.

The bankruptcy also will raise the stakes on legal sparring over how much of the personal fortunes of the billionaire Sackler family, which owns Purdue, will be available to compensate plaintiffs. Multiple states that have rejected the proposed settlement have accused the family of improperly stripping billions of dollars out of the companys coffers in the past decade to protect the cash from expected court judgments.

Heres what giving away $1.2 million scored Andrew Yang

Andrew Yangs surprising debate gambit giving away $120,000 to 10 families over a year to highlight his universal basic income proposal helped the outsider candidate raise $1 million in the 72 hours since the debate and collect more than 450,000 email addresses from people who entered the online raffle, the presidential campaign told POLITICO.

The campaign said that over 90 percent of the email addresses are new, a huge expansion of the candidates email list. He also gainedmore Twitter followersover the course of the debate than any other candidate.

President announces U.S. is locked and loaded, will await further instruction from Saudis

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

Saudi Oil Attack Prompts More Incoherence From Trump Administration

Pelosi, who knows a thing or two about being demonized, plans to turn the tables on McConnell

House Speaker Nancy Pelosi will escalate her caucus anti-Mitch McConnell messaging this fall, testing a theory that this can be more effective than just continuing the partys anti-Trump rhetoric, Democratic leadership aides tell Axios.

Why it matters:Democrats are still divided over how much to focus on President Trump ahead of the 2020 elections and theyre aware that Trump fatigue could mean that their attacks will bring diminishing returns.

Details:Over the next few months, Pelosi will be hyper-focused on McConnell and his refusal to pass meaningful legislation, per the Democratic leadership aides. The Senates inaction on gun violence is a particularly effective example, they add.

Another benefit of the strategy, in their view, is that it creates a fresher way for the caucus to pivot to their own legislative achievements: Their message of look at all the things were passing was falling flat, a Democratic congressional aide said.

By focusing on McConnell and Senate Republicans blocking tactics, the aide said, House Democrats can tout the good theyve done and also helps show the importance of Dems taking back the Senate.

Nancy Pelosis next target: Mitch McConnell

The Return of the Joe Biden Vs. Corn Pop Rumble

Over the weekend, a bizarre video emerged of Biden describing a 1962 encounter involving a pool, a man named Corn Pop, and some straight razors.

Removing a Supreme Court Justice is now officially a 2020 issue

Last year the Kavanaugh nomination was rammed through the Senate without a thorough examination of the allegations against him. Confirmation is not exoneration, and these newest revelations are disturbing. Like the man who appointed him, Kavanaugh should be impeached.

I sat through those hearings. Brett Kavanaugh lied to the U.S. Senate and most importantly to the American people. He was put on the Court through a sham process and his place on the Court is an insult to the pursuit of truth and justice. He must be impeached.

Its more clear than ever that Brett Kavanaugh lied under oath. He should be impeached. And Congress should review the failure of the Department of Justice to properly investigate the matter.

Yesterday, we learned of another accusation against Brett Kavanaughone we didnt find out about before he was confirmed because the Senate forced the F.B.I. to rush its investigation to save his nomination. We know he lied under oath. He should be impeached.

A gruesome discovery which will fuel the anti-abortion movement

More than 2,000 medically preserved fetal remains were found at a deceased abortion providers Illinois home Thursday by his family as they sorted through his belongings, authorities said.

A lawyer for Ulrich George Klopfers family called the Will County Coroners Office that afternoon to report that the family had found what appeared to be fetal remains, the county sheriff said ina statement. Klopfer, who died Sept. 3,worked for decadesat the Womens Pavilion clinic in South Bend, Ind., and at clinics in Gary and Fort Wayne.

Investigators arrived at Klopfers home and found 2,246 fetal remains, according to the sheriffs office. The coroners office took possession of them. No evidence indicates that medical procedures were performed at Klopfers home, and his family is cooperating with the investigation, the sheriffs office said. No other information was immediately available.

Klopfer is considered Indianas most prolific abortion doctor, with tens of thousands of procedures performed,the South Bend Tribunereported. The statesuspended his medical licensein 2016 for failing to exercise reasonable care and for violating notice and documentation requirements, the Tribune reported. The Womens Pavilion shut down the same year.

More corroboration for one of the sexual misconduct claims against Justice Kavanaugh (and evidence he perjured himself during his Senate testimony)

While we found Dr. Fords allegations credible during a 10-month investigation, [Deborah] Ramirezs story could be more fully corroborated. During his Senate testimony, Mr. Kavanaugh said that if the incident Ms. Ramirez described had occurred, it would have been the talk of campus. Our reporting suggests that it was.

At least seven people, including Ms. Ramirezs mother, heard about the Yale incident long before Mr. Kavanaugh was a federal judge. Two of those people were classmates who learned of it just days after the party occurred, suggesting that it was discussed among students at the time.

We also uncovered a previously unreported story about Mr. Kavanaugh in his freshman year that echoes Ms. Ramirezs allegation. A classmate, Max Stier, saw Mr. Kavanaugh with his pants down at a different drunken dorm party, where friends pushed his penis into the hand of a female student. Mr. Stier, who runs a nonprofit organization in Washington, notified senators and the F.B.I. about this account, but the F.B.I. did not investigate and Mr. Stier has declined to discuss it publicly. (We corroborated the story with two officials who have communicated with Mr. Stier.)

Brett Kavanaugh Fit In With the Privileged Kids. She Did Not.

Mark Sanford and the Quest for the Mythical Reluctant Trump Voter

Is the former South Carolina governors primary challenge to the president noble or pathetic?

The nations top intelligence official is illegally withholding a whistleblower complaint, possibly to protect President Donald Trump or senior White House officials, House Intelligence Committee Chairman Adam Schiff alleged Friday.

Schiffissued a subpoenafor the complaint, accusing acting Director of National Intelligence Joseph Maguire of taking extraordinary steps to withhold the complaint from Congress, even after the intel communitys inspector general characterized the complaint as credible and of urgent concern.

A Director of National Intelligence has never prevented a properly submitted whistleblower complaint that the [inspector general] determined to be credible and urgent from being provided to the congressional intelligence committees. Never, Schiff said in a statement. This raises serious concerns about whether White House, Department of Justice or other executive branch officials are trying to prevent a legitimate whistleblower complaint from reaching its intended recipient, the Congress, in order to cover up serious misconduct.

Schiff indicated that he learned the matter involved potentially privileged communications by persons outside the Intelligence Community, raising the specter that it is being withheld to protect the President or other Administration officials.

Reminder: the U.S. has gone to war to protect Saudi oil

Yemens Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabias oil industry, including the worlds biggest petroleum processing facility, in a strike that three sources said had disrupted output and exports.

Two sources close to the matter said 5 million barrels per day of crude production had been impacted close to half of the kingdoms output or 5% of global oil supply.

The pre-dawn drone attack on the Saudi Aramco facilities set off several fires, although the kingdom, the worlds largest oil exporter, later said these were brought under control.

Houthi drones hit Saudi oil heartland, sources say crude flows disrupted

Trump Tells the World Hes Desperate to Play Dealmaker

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