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Trump’s chief economist insists tax cuts for the ultra-rich will ‘trickle down’ to ‘a lot of people’

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White House economic adviser Gary Cohn defended Republicans’ proposed tax cut legislation on Thursday by explicitly saying that tax cuts for wealthy people will “trickle down” to the rest of the economy.

In an interview with CNBC, Cohn said that middle-class families are getting a comparatively small tax cut in the plan because it would be difficult to cut their taxes much further.

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“You can’t go much further in the tax system,” he said. “Unless you want to start going negative tax rates and go into the negative world.”

The best way to really benefit middle-class families, Cohn insisted, was to cut taxes for corporations that would then use that windfall to raise workers’ wages.

“We create wage inflation, which means the workers get paid more; the workers have more disposable income, the workers spend more,” Cohn said. “And we see the whole trickle-down through the economy, and that’s good for the economy.”

Cohn also defended the plan’s phase out of the estate tax, which would be a massive boon for President Donald Trump’s own children, as well as the children of other wealthy families.

“Are you seriously saying with a straight face that getting rid of the estate tax is about farmers and not about very wealthy families?” CNBC’s John Harwood asked Cohn.

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“What I’m saying is that it benefits farms, it benefits small businesses, it benefits a lot of different people,” Cohn replied.

“Small businesses with more than $11 million estates?” Harwood countered.

“We do not believe that death should be a taxable event,” he said.

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WATCH: DC protesters turn over ‘agitator’ to police — then the agitators try to start a fight with cops

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Protesters in Washington, D.C. were captured on video handing over an agitator to police, while other agitators in paintball tactical gear appeared to try and start fights with police.

Former FBI assistant director of counterintelligence, Frank Figliuzzi, revealed that his former colleagues and law enforcement he knows recognize that far-right agitators are attempting to start significant conflicts between police and protesters.

"There is a minimal presence of Antifa, but a far more disturbing presence of right-wing race-based hate groups, such as the Boogaloo Boys who think there will be a race-based civil war coming," he said on MSNBC.

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Trump could use Antifa conspiracy theories to ‘investigate his political opponents’: Ex-FBI assistant director

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According to former FBI assistant director for counterintelligence Frank Figliuzzi, there are far more white supremacists and anti-government agitators infiltrating the peaceful Black Lives Matter protests than Antifa. He fears Trump will use Antifa as an excuse to investigate his political opponents.

Speaking to MSNBC on Sunday evening, Figliuzzi told host Brian Williams that his sources in law enforcement are telling him that President Donald Trump doesn't have his facts straight on Antifa.

"We're seeing components of legitimate frustrated protesters responding to Mr. Floyd's demise and others," explained Figliuzzi. "Then we are seeing people who are exploiting this for their own purposes, and some of them are more than just opportunistic criminals. Some of them are organized, and some of them have diverse agendas but are coming together to wreak havoc. And I think what we need to pay attention to here is what we have evidence of, what we don't have evidence of, and what we're hearing from the White House and the attorney general."

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Trump criticized as ‘most cowardly tough guy’ for Twitterstorm while being rushed to protective underground bunker

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Twitter couldn't help but notice that President Donald Trump was talking tough while hiding in his underground bunker.

The New York Times reported Sunday that Trump was rushed to the underground bunker that has only been used during the Sept. 11, 2001 attacks when passenger planes were headed to Washington, D.C. Trump, by contrast, didn't experience a terrorist threat, a few hundred protesters surrounded the White House complex, which is blocked off by several fences and surrounded by Secret Service and police.

It was something that many noticed contrasted with former Vice President Joe Biden, who spent Sunday listening to the concerns from protesters on the streets of his hometown.

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