deicer

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Everything posted by deicer

  1. It is the morning after, and Trump has taken the election. So as one who didn't see it coming, yes it was a shock. As with all elections where the person you don't 'support' is the winner, it is now time to just take a step back and allow the will of the people to take hold. What does the next four years bring? Who knows. Whatever it does bring, I hope that it isn't infected with the obstructionism that has been happening for the last eight years, and it is allowed to happen organically. God Bless Canada!
  2. deicer

    Fun AeroMexico Ad

    https://www.youtube.com/watch?time_continue=3&v=2sCeMTB5P6U
  3. deicer

    Trump 2.0 Continues

    The hypocrisy and optics of this are just so delicious! Within hours! First lady Melania flies to Florida on government jet after Trump postpones Speaker Nancy Pelosi's trip to Afghanistan due to shutdown The swamp is getting swampier....
  4. deicer

    Trump 2.0 Continues

    I am encouraged that you are admitting it is the truth after 130 pages of listening to the yelling of 'fake news'.
  5. deicer

    Trump 2.0 Continues

    More lies being exposed to daylight... https://www.buzzfeednews.com/article/jasonleopold/trump-russia-cohen-moscow-tower-mueller-investigation President Donald Trump directed his longtime attorney Michael Cohen to lie to Congress about negotiations to build a Trump Tower in Moscow, according to two federal law enforcement officials involved in an investigation of the matter. Trump also supported a plan, set up by Cohen, to visit Russia during the presidential campaign, in order to personally meet President Vladimir Putin and jump-start the tower negotiations. “Make it happen,” the sources said Trump told Cohen. And even as Trump told the public he had no business deals with Russia, the sources said Trump and his children, Ivanka and Donald Trump Jr., received regular, detailed updates about the real estate development from Cohen, whom they put in charge of the project. Cohen pleaded guilty in November to lying about the deal in testimony and in a two-page statement to the Senate and House intelligence committees. Special counsel Robert Mueller noted that Cohen’s false claim that the project ended in January 2016 was an attempt to "minimize links between the Moscow Project and Individual 1” — widely understood to be Trump — "in hopes of limiting the ongoing Russia investigations.” Now the two sources have told BuzzFeed News that Cohen also told the special counsel that after the election, the president personally instructed him to lie — by claiming that negotiations ended months earlier than they actually did — in order to obscure Trump’s involvement. The special counsel’s office learned about Trump’s directive for Cohen to lie to Congress through interviews with multiple witnesses from the Trump Organization and internal company emails, text messages, and a cache of other documents. Cohen then acknowledged those instructions during his interviews with that office. This revelation is not the first evidence to suggest the president may have attempted to obstruct the FBI and special counsel investigations into Russia’s interference in the 2016 election. But Cohen's testimony marks a significant new frontier: It is the first known example of Trump explicitly telling a subordinate to lie directly about his own dealings with Russia.
  6. And another dip into Ontarian pockets... https://www.huffingtonpost.ca/2019/01/17/ontario-mpps-discreetly-hike-their-own-housing-allowance-20_a_23645708 C'mon, if they were serious on saving us money, wouldn't they suffer like the rest of us?
  7. So he fired the Hydro One CEO and cost the people of Ontario around $10 million. https://www.theglobeandmail.com/canada/article-entire-ontario-hydro-one-board-to-resign-ceo-to-step-down/ At the same time Ford and his policies have been responsible for the cancellation of the Avista deal which will cost Ontario ratepayers $103 million USD in fees which will be passed along to ratepayers. https://www.bnnbloomberg.ca/washington-state-regulators-reject-hydro-one-s-avista-takeover-1.1178868 The cancelling of the White Pines wind project, which was almost completed and ready to go online will cost Ontario another $100 million. https://ipolitics.ca/2018/07/10/cancelled-wind-farm-to-cost-ontario-ratepayers-100-million-plus-company/ Hydro bills will still be going up as the OEB has been given the OK to raise rates once again in 2019. Scrapping cap and trade lowered gas prices by 4.2 cents, the rest of the drop in fuel price had nothing to do with it, rather it was the drop in the price of oil that contributed more to it. https://www.tvo.org/article/current-affairs/doug-ford-really-has-cut-gas-prices-will-he-be-able-to-cut-them-further When it comes to healthcare, Ford cancelled the Liberal plans then turned around and announced lower levels of increases and touted it as an improvement. https://globenewswire.com/news-release/2018/10/03/1601051/0/en/Doug-Ford-cuts-hospital-beds-and-funding-calls-it-an-increase-says-Ontario-Health-Coalition.html So everyone was supposed to be happy with that as they were promised buck a beer, and how long did that last? As for cronyism, Dougy likes to reward his friends too, Tavener, Devlin, Haines, Cortelucci,,,, https://nowtoronto.com/news/doug-ford-opp-hydro/ So while it is still under a year into his mandate, Ford doesn't look any better than what we had. Meet the new boss, same as the old boss.
  8. deicer

    Trump 2.0 Continues

    Or is it because she was doing what he refuses to? Looks like Pelosi has a bigger set of cojones than Donnie. If he's so concerned about the cost, maybe he should pay for his own trips to Florida to golf?
  9. What you are failing to acknowledge, which the article clearly states is that the people want to take steps to clean up and keep clean our environment. The previous government was vilified over their plan, but I have many friends and neighbours who benefited from the cap and trade because the portion that was supposed to be returned to the public was. They replaced windows, doors, installed new insulation and it was all covered by the cap and trade rebates. That's what it was about. What you are also failing to acknowledge is that while Ford was elected with a majority, it was done without him having any platform whatsoever. His election plan was to bellow 'Wynne bad, vote for me' without stating any specifics at all. Now that the people are seeing that his 'climate plan' is going to cost the public even more than the one that was in place, without having the same benefits to the public just corporations, they are rethinking what they wished for.
  10. deicer

    Trump 2.0 Continues

    Even Rudy is walking back his statements. Any guess what's coming??? https://www.washingtonpost.com/nation/2019/01/17/rudy-giuliani-says-i-never-said-there-was-no-collusion-between-trump-campaign-russia/?utm_term=.dc561982a70e Rudolph W. Giuliani claimed Wednesday night that he “never said there was no collusion” between President Trump’s campaign and Russia leading up to the 2016 presidential election. In a remarkable, at times contentious interview with CNN’s Chris Cuomo, the president’s lawyer was accused of contradicting his own past statements about collusion as well as what Trump and his supporters have repeatedly asserted. On Twitter, Trump has used the phrase “no collusion” dozens of times, and a number of those instances were direct denials that his campaign was involved with the Russian government. Giuliani’s shocking declarations — several of which Cuomo called out as being false — quickly sent the Internet into a tailspin as many wondered what could have prompted the former New York mayor to suddenly change course.
  11. Following the will of the people... https://www.ctvnews.ca/canada/very-few-people-want-to-scrap-cap-and-trade-ont-environmental-watchdog-1.4256442 TORONTO -- Ontario's environmental commissioner says fewer than one per cent of those who weighed in on the province's decision to scrap cap and trade expressed clear support for the move. Dianne Saxe says her office reviewed most of the 11,000 comments submitted as part of a public consultation on a bill introduced last year to dismantle the carbon pricing system brought in by the previous Liberal government. Saxe says almost all respondents wrote to voice support for decisive action on climate change and many were dismayed cap and trade was being cancelled, particularly before a replacement plan was announced. The legislation to eliminate the cap-and-trade system passed in late October, after the 30-day consultation concluded but before the results were made public.
  12. It appears Canadians have embraced legal weed.... Canadians Spent $1.6 Billion on Legal Weed in 2018: Report
  13. Now companies are finding that they can't hire/retain people at the wage they are offering. Watch what happens over the next few months.....
  14. deicer

    Pilotless F-16

    The video is cool... https://fightersweep.com/11523/watch-ever-see-an-f-16-fly-itself-take-a-ride-in-this-fighters-empty-cockpit
  15. What you fail to acknowledge is that the right thinks of profit first, then walks back regulations to achieve it. Proven time and time again and still in effect.
  16. deicer

    Trump 2.0 Continues

    Like his tax returns, what is Donnie so adamant on hiding? https://www.washingtonpost.com/world/national-security/trump-has-concealed-details-of-his-face-to-face-encounters-with-putin-from-senior-officials-in-administration/2019/01/12/65f6686c-1434-11e9-b6ad-9cfd62dbb0a8_story.html?utm_term=.77158d5b2aef President Trump has gone to extraordinary lengths to conceal details of his conversations with Russian President Vladi­mir Putin, including on at least one occasion taking possession of the notes of his own interpreter and instructing the linguist not to discuss what had transpired with other administration officials, current and former U.S. officials said. Trump did so after a meeting with Putin in 2017 in Hamburg that was also attended by then-Secretary of State Rex Tillerson. U.S. officials learned of Trump’s actions when a White House adviser and a senior State Department official sought information from the interpreter beyond a readout shared by Tillerson. The constraints that Trump imposed are part of a broader pattern by the president of shielding his communications with Putin from public scrutiny and preventing even high-ranking officials in his own administration from fully knowing what he has told one of the United States’ main adversaries.
  17. https://globalnews.ca/news/4835648/walkerton-ford-government-66
  18. deicer

    Trump 2.0 Continues

    The short answer is no. As I said above, set a fair tax for corporations and then make sure they pay it by closing the loopholes. As it is, they pay way less proportionally than the '90%'. The rest of what you said is just idle reflection on something that can never be.
  19. deicer

    Solidarity?

    Saw this on social media, can anyone confirm it's actually happening? If it is, it makes me prouder to be Canadian!
  20. deicer

    Trump 2.0 Continues

    Further to the above: https://www.reuters.com/article/us-usa-tax-repatriation/corporations-may-dodge-billions-in-u-s-taxes-through-new-loophole-experts-idUSKBN1F035Q And even if they repatriate profits, it still may be only smoke and mirrors... https://www.bloomberg.com/news/articles/2018-09-19/u-s-companies-repatriated-169-5-billion-in-second-quarter Companies pay the “deemed” tax whether or not the profits are actually brought back onshore. They can elect to pay the amount over eight years, despite when, or if, the money is brought back to the U.S. So if you are wondering why the global 'yellow vest' riots are happening, it is because the average Joe is fed up with having to pay a disproportionate share of the tax load. But hey, the corporations have them convinced it's the government doing it to them.
  21. deicer

    Trump 2.0 Continues

    Where you have it wrong is that the average American/Canadian is getting fed up with having to shoulder the load while the corporations and 1% get away with a disproportionately awesome deal. If they only paid their fair, and I emphasise 'fair' share of taxes, the health, education and infrastructure deficits that exist wouldn't exist. And it goes for Canada as well. As it has been said, 'A conservative is a person making $250/hr who convinces the person making $25/hr that the guy making $12/hr is the problem.' To back up my claim, I submit this, and if you follow the links, it does back up the premise from legitimate sources. https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/ Key Facts Tax avoidance through offshore tax loopholes is a significant reason why corporations, which paid one-third of federal revenues 60 years ago, now pay one-tenth of federal revenues. U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than a post office box — in tax havens. U.S. corporations hold $2.1 trillion in profits offshore — much in tax havens — that have not been taxed in the U.S. General Electric, which uses a loophole for offshore financial profits, earned $27.5 billion in profits from 2008 to 2012 but claimed tax refunds of $3.1 billion. Apple made $74 billion from 2009-2012 on worldwide sales (excluding the Americas) and paid almost nothing in taxes to any country. 26 profitable Fortune 500 firms paid no federal income taxes from 2008-2012. 111 large, profitable corporations paid zero federal income taxes in at least one of those five years. Talking points We should end tax breaks for corporations that ship jobs and profits offshore. It’s time to invest in America and create jobs here. When big corporations use tax havens to dodge paying their fair share of taxes, the rest of us have to pick up the tab. Families pay higher taxes, get fewer services or we all get a bigger deficit. Tax dodging by large corporations puts small businesses that play by the rules at a disadvantage. We need to level the playing field. Corporations say our 35% corporate income tax rate is the highest in the world, which makes them uncompetitive and kills jobs. But corporations aren’t paying too much in taxes; many pay too little. The typical American family paid more income taxes in one year than General Electric and dozens of other companies paid in five years. Many large, profitable corporations pay a tax rate of less than 20%, and some pay absolutely nothing for years. If corporations pay less, you will have to pay more. Corporations need to pay their fair share too. Corporations say a repatriation tax holiday will enable them to bring profits home, invest and create jobs. When this was tried in 2004 it was an utter failure. Companies actually cut jobs, but they lined the pockets of big shareholders and corporate executives. A tax holiday gives tax breaks to corporations that have done the most to dodge paying their fair share of taxes. —————————- Overview Many U.S. corporations use offshore tax havens and other accounting gimmicks to avoid paying as much as $90 billion a year in federal income taxes. A large loophole at the heart of U.S. tax law enables corporations to avoid paying taxes on foreign profits until they are brought home. Known as “deferral,” it provides a huge incentive to keep profits offshore as long as possible. Many corporations choose never to bring the profits home and never pay U.S. taxes on them. Deferral gives corporations enormous incentives to use accounting tricks to make it appear that profits earned here were generated in a tax haven. Profits are funneled through subsidiaries, often shell companies with few em­ployees and little real business activity. Effectively, firms launder U.S. profits to avoid paying U.S. taxes. Loopholes used to shift U.S. profits to tax havens U.S. firms can set up a subsidiary offshore, channel billions of dollars of profit through it and make the subsidiary “disappear” for U.S. tax purposes simply by “checking a box” on an IRS form. Corporations can sell the right to patents and licenses at a low price to an offshore subsidiary, which then “licenses” back to the U.S. parent at a steep price the right to sell its products in America. The goal of this “transfer pricing” is to make it appear that the company earns profits in tax havens but not in the U.S. Wall Street banks, credit card companies and other corporations with large financial units can easily move U.S. profits offshore using a loophole known as the “active financing exception.” A U.S. corporation can do an “inversion” by buying a foreign firm and then claiming that the new, merged company is foreign. This lets it reincorporate in a country, often a tax haven, with a much lower tax rate. The process takes place on paper — the company doesn’t move its headquarters offshore and its ownership is mostly unchanged — but it continues to enjoy the privileges of operating here while paying low tax rates in the foreign country. How to solve the problem The simplest solution is to end “deferral,” as proposed by Sen. Bernie Sanders and Rep. Jan Schakowsky. Corporations would pay taxes on offshore income the year it is earned, rather than indefinitely avoid paying U.S. income taxes. This would also remove incentives to shift U.S. profits to tax havens, and it would raise $600 billion over 10 years. Short of ending deferral, Congress should close the most egregious loopholes, such as “check the box,” “transfer pricing,” the “active financing exception” and corporate “inversions.” It should also end the loophole that lets firms deduct the cost of expenses from moving jobs and operations offshore if the profits earned from those activities remain offshore and untaxed by the U.S. — saving $60 billion over 10 years. Sen. Carl Levin (D-MI) has introduced legislation, the Stop Tax Haven Abuse Act (S. 1533), that will close some of these loopholes. It will raise $220 billion over 10 years. Corporations really want a “territorial” tax system Corporations don’t just want to “defer” paying U.S. taxes on foreign profits. They want a “territorial” tax system that eliminates all U.S. taxation of offshore profits. This would provide even more incentives for corporations to shift profits to offshore tax havens. A system in which U.S. corporations pay no U.S. income taxes on offshore profits would encourage U.S. firms to create 800,000 jobs overseas rather than in the U.S. Why not let companies “bring the money home?” Because U.S. firms are officially holding $2.1 trillion in untaxed profits offshore, they are proposing a “repatriation tax holiday,” which would allow them to bring that money home at a special low tax rate. Supporters say this would increase domestic investment, creating jobs. A tax holiday was tried in 2004, when $300 billion was brought home at a 5.25% tax rate, but it was a big failure. It did not increase domestic investment or create jobs, and the money was used largely for stock buybacks, dividends and executive bonuses. Also, a tax holiday costs more than it raises — it will lose $100 billion over 10 years. Worst of all, it rewards firms that use offshore tax loopholes, encouraging even more tax dodging in the future. —————————- News Coverage The Islands Treasured by Offshore Tax Avoiders, The New York Times For U.S. Companies, Money ‘Offshore’ Means Manhattan, The New York Times Switching Names to Save on Taxes, The New York Times G.E.’s Tax Strategies Let it Avoid Taxes Altogether, The New York Times Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax, Bloomberg News Britain Becomes Haven for U.S. Companies Keen to Cut Tax Bills, Reuters Apple’s Web of Tax Shelters Saved It Billions Panel Finds, The New York Times Opinion ‘A is for Avoidance,’ The New York Times Corporations and their Tax Shell Games: Time for a Global Crackdown, The Los Angeles Times Resources Tax Havens: International Tax Avoidance and Evasion, Congressional Research Service International Corporate Tax Rate Comparisons and Policy Implications, Congressional Research Service Offshore Shell Games 2014, Citizens for Tax Justice and U.S. PIRG The Sorry State of Corporate Taxes, Citizens for Tax Justice Don’t Renew the Offshore Tax Loopholes, Citizens for Tax Justice General Electric’s Special Tax Loophole Lets Company Dodge Billions in Taxes, Americans for Tax Fairness The Fiscal and Economic Risks of Territorial Taxation, Center on Budget and Policy Priorities Repatriation Tax Holiday Would Lose Revenue and Is a Proven Policy Failure, Center on Budget and Policy Priorities Corporate Tax Rates And Economic Growth Since 1947, Economic Policy Institute Corporate Income Tax: Effective Tax Rates Can Differ Significantly from the Statutory Rate’ U.S. Government Accountability Office
  22. deicer

    Trump 2.0 Continues

    Once again it is proven that trickle down economics are the greatest lie set upon man. Just ahead of anything Donnie says. https://www.nytimes.com/2019/01/11/business/trump-tax-cuts-revenue.html Federal tax revenues declined in 2018 while economic growth accelerated, undercutting the Trump administration’s insistence that the $1.5 trillion tax package would pay for itself. It’s time to put to rest any notion that President Trump’s signature tax cuts are paying for themselves. Anyone who says otherwise is lying with numbers. A year after the $1.5 trillion tax-cut package took effect, economic growth has accelerated, just as Republicans promised it would when pushing the law through Congress. Growth appears likely to hit 3 percent for 2018, after adjusting for inflation, which is a full percentage point higher than the Congressional Budget Office forecast for the year in 2017. Not all of that increase is attributable to the tax cuts, but some of it is. That’s good news for Republicans’ longstanding claim that cutting taxes would provide such an economic bump that additional tax revenue would flow in to make up for what was lost through lower tax rates. But the bad news is that hasn’t happened. The additional tax revenue has yet to show up, even with stronger growth. Data released this week by the budget office provides the first complete picture of federal revenues for the 2018 calendar year, when the tax cuts were in full effect. (The government’s 2018 fiscal year included three months from the end of 2017, when most of the tax cuts were not in effect.) In the inaugural year of the tax cuts — with economic growth accelerating and the jobless rate falling to an 18-year low — federal revenues from corporate, payroll and personal income taxes actually fell. That’s true whether you adjust revenues and growth for inflation — or not. After adjusting, it looks even worse. Revenues fell by 2.7 percent — or $83 billion — from 2017. Contrast that with the last time economic growth approached 3 percent, back in 2015. The economy grew by 2.9 percent after adjusting for inflation that year — and tax revenues grew by 7 percent. The historical contrast makes the drop-off look even steeper. Typically, economists expect stronger growth to generate more revenue. People earn more money, corporations generate higher profits and they all pay taxes on it. The way most economists “score” a tax proposal is to ask how it would change revenue levels compared to what you would expect the government to collect if the tax cut had not passed — what economists call a “baseline.” In the summer of 2017, for example, the budget office projected that the economy would grow by 2 percent in the 2018 fiscal year, and that personal, corporate and payroll taxes would add up to $3.24 trillion. Then the tax cuts passed, growth accelerated and, for the 2018 fiscal year, tax revenues fell $183 billion — or 5.6 percent — short of that projection. Republicans, particularly in the Trump administration, sold the tax law on claims that it would pay for itself — even when economists outside the administration, like the congressional Joint Committee on Taxation, released models contradicting them. As corporate tax receipts fell significantly last year, some Republicans began to insist that, in fact, the bill was paying for itself, because total tax revenues were very slightly up. The 2018 figures contradict that argument, too. The uncomfortable truth for the bill’s supporters is that the tax cuts are substantially contributing to a widening federal budget deficit, which now appears on track to top $1 trillion this year. If growth fades in the coming years — as many economists believe it will — the cuts could exacerbate the deficit even more. The best-case scenario for proponents is that the cuts spur a sustained increase in productivity and growth, which in turn produces increasingly higher revenues several years down the road — enough to reduce the “cost” of the bill to the budget deficit. The 2018 results are, oddly enough, what a lot of economists predicted would happen with Mr. Trump’s cuts, including ones who generally favor tax cuts. Total federal revenues in 2018 came in roughly where the Tax Foundation, a Washington think tank that typically projects large growth boosts from tax cuts, had forecast — which is to say, well below the budget office’s baseline. Just because the new law helped to increase economic growth, said Kyle Pomerleau, an economist with the Tax Foundation, “it doesn’t mean that it is going to pay for itself.” Mr. Pomerleau said additional growth from the law “will continue to be modest over the next couple of years.” “That will offset some of the initial cost,” he continued, “but it will still be nowhere near enough to make the tax cut self-financing.” In December 2017, as Republicans sped the tax cuts through Congress, the Tax Foundation released a projection that the cuts would add about $450 billion to federal deficits over 10 years, after accounting for the additional economic growth it would spur. The group has since redone the analysis, with what Mr. Pomerleau called improvements to its methodology. It now predicts deficits will increase by $900 billion — double its original forecast.