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The GOP’s tax cut has been a massive failure — and these numbers prove it

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It’s been one year since the Republican Party passed its massive tax cut — and so far it’s remained a political albatross for the GOP as the party’s promises of massive wage growth for workers have yet to pan out.

The Washington Post’s Matt O’Brien has taken a look at some of the numbers associated with the tax cut and has found that it hasn’t come close to living up to Republicans’ promises in nearly any aspect.

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President Donald Trump, for instance, boasted that the tax law would cause companies to bring back $5 trillion in overseas profits back to the United States — but so far, they’ve brought back a measly $143 billion.

Meanwhile, notes O’Brien, businesses’ nonresidential fixed investment last quarter rose by just 0.8 percent, even though the GOP promised that its tax cuts would lead to an explosion in domestic investments by corporate America.

So what have corporations done with their tax cut windfalls? Instead of investing in their businesses, they’ve been keeping their shareholders happy with a record high in total share buybacks.

Nonetheless, O’Brien believes the GOP’s tax cut has delivered on one key goal of the party: To make rich people even richer.

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“For some of them, you see, letting the rich keep more of their money is an absolute moral good,” O’Brien writes. “Heck, it might be the absolute moral good. That’s because they’re worried, as House Speaker Paul D. Ryan (R-Wis.) used to put it before he realized that this type of Ayn Rand-inspired rhetoric is politically toxic, that the ‘takers’ will soon outnumber the ‘makers’ and simply vote to give themselves other people’s money.”

Read the whole analysis here.

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New testimony adds 2 stunning — and previously unknown — details about the Ukraine extortion

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New testimony released Monday from the House Intelligence Committee’s investigation of the Ukraine scandal included at least two new stunning details about the quid pro quo scheme at the heart of the matter.

Overall, the transcripts for depositions of Catherine Croft and Christopher Anderson, who were advisers to U.S. envoy Kurt Volker, built on the story of that we already know: that President Donald Trump pushed a shadow foreign policy to pressure Ukraine into investigating his political opponents, a scheme that involved using his office and military aid as leverage over the country in opposition to the official policy.

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Trump blasted for his ‘Endorsement of Doom’ after Sean Spicer loses on ‘Dancing with the Stars’

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Team Trump had gone all in urging supporters to vote for former White House press secretary Sean Spicer on the game show "Dancing with the Stars."

Votes had been urged by RNC officials and Trump himself had urged his 66 million Twitter followers to vote for Spicer.

Despite the full heft of the Trump campaign, Spicer lost on Monday's show.

Trump deleted his failed tweet urging votes for Spicer -- and instead said it was a "great try" by his former advisor.

Looks like this endorsement was as successful as your last one!

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‘He’s misunderstood’: Nikki Haley tells Fox News how Trump is actually a really good listener

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Former Ambassador to the U.N. Nikki Haley defended President Donald Trump during a Monday appearance with Fox News personality Sean Hannity.

Hannity asked the former South Carolina governor if Trump was "misunderstood."

"I do think he’s misunderstood," Haley replied.

"I can tell you, from the first day to the last day that I worked for the president, he always listened, he was always conscious of hearing other voices, allowing people to debate out the issues, and then he made his decision," Haley claimed.

She argued that, "I saw a president that was very thoughtful, looked at all of the issues, made decisions, and it was a pleasure and honor to work with him."

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