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Trump’s Billionaire Cabinet Members To Receive Massive Tax Breaks For Serving

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Super-Rich Appointees Won’t Have To Pay Capital Gains When They Sell Assets To Avoid Conflicts Of Interest

Members of Donald Trump’s cabinet — believed to be the wealthiest group of presidential appointees in American history — likely will avoid paying hundreds of millions in taxes when they sell their assets to comply with ethics laws. 

Trump won the election by appealing to the working class, but his cabinet has become a who’s-who of the super-rich — from Education secretary Betsy DeVos to Commerce secretary Wilbur Ross and Treasury secretary Steven Mnuchin. 

Thanks to a little-known provision enacted in 1989, Trump’s billionaire and multimillionaire cabinet appointees won’t have to pay capital gains taxes if and when they shed their assets to avoid conflicts of interests.

Some ethics experts defend the rule, saying it avoids punishing people for serving in government by forcing them to suddenly sell, but The Washington Post reports that it’s never been tested to this degree. 

“The stock-selling demand could come at a fruitful time,” WaPo reports. “The Dow Jones industrial average has in recent weeks hit all-time highs. But it could prove most lucrative for top officials with broad holdings in stocks and bonds. Trump’s tax plan has called for ‘across the board’ cuts, which means administration officials could preside over the same ­capital-gains tax cuts from which they could later benefit.” 

It’s unclear whether Trump himself can benefit from the rule, known as a “certificate of divesture.” The Office of Government Ethics is looking into whether it applies to the president, who’s exempt from many ethics rules, and Trump hasn’t committed to divesting his fortune — the size of which is unknown since he won’t release his tax returns.  

But if Trump does choose to divest — which government accountability groups are advocating — there’s little doubt he’d be quick to take advantage of the loophole. After all, he once bragged about avoiding paying federal income taxes for two decades. 

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GOP Senator Demands TSA Funding—Then Blocks Bill Funding TSA

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A Republican senator who has almost daily has been demanding funding for the Transportation Security Administration on Wednesday blocked Democratic legislation that would fund the TSA — and other Homeland Security agencies such as FEMA and the Coast Guard — but not Immigration and Customs Enforcement (ICE) or Customs and Border Protection (CBP).

“Daily reminder that Democrats blocked funding for HOMELAND SECURITY including the Coast Guard, Secret Service, and TSA,” U.S. Senator Katie Britt (R-AL) wrote on Wednesday morning, as she has done almost daily for the past several weeks.

In her posts, Britt notes that “ICE and CBP are still funded and will continue to deport criminal illegal aliens.”

But on the Senate floor on Wednesday afternoon, Senator Britt said that the Democrats’ bill she blocked would “defund” the two agencies she regularly notes are “still funded.”

READ MORE: Trump Slammed for Trip Targeting Republican Who Backed Epstein Files Release

“We have political games being played by our Democratic colleagues instead of putting the people of this nation first,” Britt declared. She called the bill, by U.S. Senator Patty Murray (D-WA), legislation that “would effectively defund our law enforcement officers that are charged with keeping Americans safe.”

“It would also defund our border patrol, our customs protection,” she said — the very agencies she states are still funded.

“Look, we’re not going back to the era of ‘defund police,'” Britt insisted.

Senator Murray, lamenting her bill being stalled, wrote: “Senate Republicans just blocked my bill to fund TSA and FEMA… AGAIN. This isn’t complicated: if Republicans won’t agree to rein in ICE & CBP, they should AT MINIMUM work with us to fund TSA. But they won’t.”

According to The Hill, Murray called the idea that her bill would “defund” CBP or Homeland Security investigations “absurd.”

READ MORE: How Trump’s ‘Delusional Faith in Himself’ Drove His Decision to Wage War: Columnist

“All the bill I just offered does is fund the rest of DHS while talks continue on ICE and Border Patrol, and the simple fact is Republicans have already funded these agencies when they gave them more money, than most militaries by the way, in their Big Ugly Bill,” she said.

Attorney and immigration policy expert Andrea R. Flores wrote, “The defund argument just doesn’t make sense after Congress already gave ICE and Border Patrol $170 billion, which means they are at zero risk of stopping any of their core security functions any time soon.”

Pablo Manríquez, editor of Migrant Insider, mocked the Alabama GOP lawmaker: “Britt blocked TSA funding after complaining all month that TSA needs funding,” he wrote.

READ MORE: How Trump Fumbled What Should Be a ‘Rally Around the Flag’ Time in America: Columnist

 

Image via Reuters 

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Trump Slammed for Trip Targeting Republican Who Backed Epstein Files Release

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President Donald Trump is coming under fire for traveling to Kentucky on Wednesday, where he has endorsed a primary challenger against the Republican congressman who co-sponsored legislation to release the Epstein files.

“The Republican Party’s Worst ‘Congressman,’ EVER, Thomas Massie, is attacking GREAT Navy Seal Hero, Ed Gallrein, who is running against him in the Primary,” Trump wrote on Wednesday before heading off to the Bluegrass State.

He called Rep. Massie a “misfit” and a “complete and total disaster as a Congressman, and a Human Being,” who is “disloyal to the Republican Party, the People of Kentucky and, most importantly, he is disloyal to the United States of America!”

The Lincoln Project blasted the president, writing: “Trump’s rushing to Kentucky today. He’s not there to honor the soldier from KY lost in his foolish war, nor address Kentuckians concerns on affordability. He’s there to help primary a Republican who pushed for the Epstein Files’ release.”

READ MORE: How Trump’s ‘Delusional Faith in Himself’ Drove His Decision to Wage War: Columnist

The New York Post characterized Trump’s trip as the president taking “his war” against his “congressional nemesis” straight to Kentucky.

On Tuesday, Massie charged: “They’re paying to bus people to the Trump event in my Congressional District. What they’ll discover is Trump fans in KY-4 and across the entire Commonwealth also support my work on the Epstein files, reigning in spending, ending forever wars, draining the swamp, and food freedom!”

Also on Tuesday, former U.S. Rep. Marjorie Taylor Greene (R-GA) mocked Trump’s endorsement of Gallrein.

“This is honestly one of the worst things I have ever seen,” she wrote, calling Gallrein, “one of the biggest Trump haters in Kentucky.”

“Boy I bet Ed Gallrein really hates all the sweet people that wore MAGA hats all these years,” Greene added. She also said that Trump’s supporters are “so freaking brainwashed by all the 24-7 BS propaganda on Fox News that they aren’t capable of seeing how much these people hate them.”

READ MORE: How Trump Fumbled What Should Be a ‘Rally Around the Flag’ Time in America: Columnist

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How Trump Fumbled What Should Be a ‘Rally Around the Flag’ Time in America: Columnist

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The nation is at war. It’s our 250th anniversary. We just had historic performances at the Olympics.

“In normal times, each would summon national pride and unity,” writes The Washington Post‘s Theodore R. Johnson.

That “they’re happening together — the rally-around-the-flag effect should be supercharged,” he says. “It’s not.”

While President Donald Trump calls this “the golden age of America,” Americans aren’t feeling it.

But “when the crisis isn’t presented to the public; there’s little bipartisan support; the White House spins the events poorly,” the rally-around-the-flag effect lessens.

“The effect was Trump’s for the taking, and the administration fumbled it,” Johnson observes.

“American optimism has slumped to a record low, and 60 percent of the country thinks we’re on the wrong track,” he writes. “A Pew study published March 5 found that the U.S. is the only country among 25 surveyed where more adults view their fellow citizens as morally bad than good. And the military strikes against Venezuela and Iran have produced no customary bump in approval ratings for the president.”

Why?

READ MORE: How Trump’s ‘Delusional Faith in Himself’ Drove His Decision to Wage War: Columnist

Trump has put his name — and imprint — on “many of the nation’s institutions and symbols,” including the Kennedy Center and the Institute of Peace. He’s planning a 250th anniversary celebration with a UFC fight night at the White House on his birthday. And MAGA has changed what “patriot” used to mean.

“Meanwhile, the president has called Democratic lawmakers ‘traitors’ and labeled them adversaries in a ‘war from within.”

Johnson says that these are “not accidents of polarization. They are products of a president who uses the bully pulpit to keep the country at odds.”

He concludes, “The United States can win wars, celebrate gold and commemorate the nation’s founding, but if its president and politics reap rewards by sowing division, Americans are more likely to rally to the party’s pennant than around the nation’s flag.”

READ MORE: ‘Looking to Throw in the Towel?’: Trump Mocked as Administration Again Switches Priorities

 

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