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Trump tax cut gave $32 billion to big banks — and then he asked if bankers will say ‘thank you’

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A new Bloomberg News report revealed that large American banks scored $32 billion thanks to the tax cut that President Donald Trump and Republicans passed in 2017.

“Our focus is on helping the folks who work in the mailrooms and the machine shops of America,” Trump said in a rally that fall. “The plumbers, the carpenters, the cops, the teachers, the truck drivers, the pipe-fitters, the people that like me best.”

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In fact, 60 percent of the tax cuts went to the top 20 percent of wage earners. The bottom 90 percent of workers make an average of $36,182 annually. The top 10 percent, by contrast, make over $118,400 each year.

“JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley posted earnings this week showing they saved $18 billion in 2019, more than the prior year, as their average effective tax rate fell to 18 percent from 20 percent. Bloomberg News calculated the haul by comparing the lower tax rates to what they paid before the law took effect, which averaged 30 percent,” according to Bloomberg.

Less than 24 hours ago, Trump met with JP Morgan CEO Mary Erodes.

“Will you say, ‘Thank you, Mr. President’ at least? Huh? I made a lot of bankers look very good,” he said.

Read the full report at Bloomberg.

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These 7 details from the damning Sharpiegate report show it was a dark omen of Trump’s destructive potential

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While it was dismissed by some as an overhyped media obsession, the presidential scandal that has come to be known as "Sharpiegate" was, in fact, an early warning sign of the truly catastrophic potential of Donald Trump.

The story arose out of Hurricane Dorian, which began its deliberate march up toward the East Coast of the United States in late August and early September of 2019. It ravaged the Bahamas, and officials feared the damage it could inflict stateside. But then came a Trump tweet on Sept. 1, and later comments to reporters, in which he warned that Alabama was in the storm's path. He said it was among the states "most likely be hit (much) harder than anticipated."

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Florida governor finally releases the true numbers of people hospitalized with coronavirus

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Florida Gov. Ron DeSantis finally caved in to pressure to release the actual numbers of coronavirus cases in the state's hospitals.

Until Friday, DeSantis had refused to reveal the true numbers, leaving many in the state unaware of just how bad the cases were. According to the Orlando Sentinel, a whopping 7,000 Floridians are in hospitals hoping they survive the virus.

"The data, which for the first time breaks down the number of people in the hospital with coronavirus, was promised by the state two weeks ago," the report explained.

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MSNBC’s Nicolle Wallace asks why Bill Barr is trying to ‘erase Robert Mueller’s investigation’ before November

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MSNBC host Nicolle Wallace returned to television Friday night to address what she called outright corruption in the Trump White House after another example of the president trying to escape the consequences of the law.

Wallace began by calling Attorney General William Barr nothing more than Trump's "bouncer."

"He has been intellectually overestimated from day one. He is not a mastermind of anything," said Wallace. "He is Donald Trump's body man."

She cited "well-sourced spin" coming from the White House Friday evening, because there were people that she said were "enlisted" with trying to talk Trump out of commuting Roger Stone's sentence. She anticipated that Barr and White House Counsel Pat Cipollone may huff and puff about the act, but that they won't quit over it. "And we should remember their names forever. They are all accomplices in the greatest corruption of one of the most sacred powers."

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