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Trump officials secretly plotting to give another tax cut to the ultra-rich: report

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Trump White House officials have reportedly figured out a new way to give wealthy Republican donors a big tax cut ahead of the 2020 election — and they won’t even need Congress to approve it.

Bloomberg reports that Trump officials are plotting a new executive order that would result in a cut to the capital gains tax, which largely benefits wealthy investors.

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The cut would come in the form of indexing capital gains to inflation, which Bloomberg writes would “slash tax bills for investors when selling assets such as stock or real estate by adjusting the original purchase price so no tax is paid on appreciation tied to inflation.”

This change would also disproportionately benefit the wealthy, the report explains.

“Most of the benefits would go to high-income households, with the top 1% receiving 86% of the benefit, according to estimates in 2018 by the Penn Wharton Budget Model,” Bloomberg says. “The policy could reduce tax revenue by $102 billion over a decade, the model found.”

The rule change will likely spark legal challenges that the White House is overstepping Congress’s authority to control taxing and spending, however, although the White House is calculating that it will still be a net political benefit heading into an election year.

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Donald Trump whines ‘it’s not fair I’m being impeached’

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President Donald Trump said Friday that he was fine with a "longer" impeachment trial in the U.S. Senate because he wanted to call his own witnesses to appear, despite Senate Majority Leader Mitch McConnell's resistance.

Yet, when he returned to Twitter Friday night, Trump lamented that it wasn't fair he was being impeached.

"It’s not fair that I’m being Impeached when I’ve done absolutely nothing wrong! The Radical Left, Do Nothing Democrats have become the Party of Hate. They are so bad for our Country!" he tweeted.

https://twitter.com/realDonaldTrump/status/1205648124989100033

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‘Moscow Mitch’ blunder means Donald Trump can never be vindicated: Harvard Law’s Laurence Tribe

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Constitutional law expert Laurence Tribe blasted Senate Majority Leader Mitch McConnell (R-KY) for violating a legal principle that has existed for over 1,000 -- and his move means that President Donald Trump can never be vindicated during impeachment.

Tribe, who has taught at Harvard Law School for 50 years and argued 36 cases before the United States Supreme Court, has been advising Speaker Nancy Pelosi and House Democrats during the impeachment inquiry. He was interviewed on Friday by MSNBC chief legal correspondent Ari Melber.

Tribe said, "what it looks like is that the majority leader is going to conduct this trial as though he's a member of the defense team," Tribe said. "You know, it's an ancient principle, centuries-old -- actually over a millennium old -- that you can't be a judge on your own case and effectively, to allow Donald Trump to call the shots, violates that principle."

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Democrats ‘are being more republican than Republicans’ in Judiciary Committee memo: Post columnist

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A Washington Post editorial is singing the praises of the Judiciary Committee's memo about the impeachment charges President Donald Trump is facing. The memo, titled “Constitutional Grounds for Presidential Impeachment” details the fundamental principles of the Constitution the founders outlined to guarantee the country wouldn't fall at the hands of corruption.

"The memo is remarkably originalist. Regardless of what happens with the impeachment, we are getting a much-needed civics lesson," The Post explained.

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