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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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‘American shame’: Doctors spit fire at Trump’s ‘sinful incompetence’ on COVID-19 pandemic

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Stat News this week interviewed a dozen different doctors from across the United States, and they all said that the federal government had failed to act in a timely manner to contain the COVID-19 pandemic.

Eric Topol, a cardiologist and director of the Scripps Research Translational Institute in San Diego, minced absolutely zero words when asked to evaluate the Trump administration's response to the crisis.

"The American public doesn’t know that a large portion of this catastrophe was preventable, if not for the sinful incompetence of our leaders," he said. "It didn't have to be like this."

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8 Capitol police test positive for coronavirus — 2 weeks after lawmakers flooded the Hill

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The coronavirus has made it's way to the Capitol Police, those responsible for security around the U.S. Capitol and lawmakers. Thus far, eight have tested positive, according to CNN and the gestation period of the virus could be concerning for many lawmakers.

"The health and well-being of USCP employees is the Department's top priority," Capitol Police spokesperson Eva Malecki said. "We are implementing a number of proactive measures to respond to the pandemic."

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Russian trolls start hyping COVID-19 misinformation — and Rudy Giuliani’s crazed rants about the Bidens

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Russian trolls recently have started hyping a mix of misinformation about the coronavirus and crazed conspiracy theories posted by Trump attorney Rudy Giuliani.

The Daily Beast reports that one of the trolls' main information operations revolves around blaming the United States Department of Defense for purportedly creating the coronavirus, even though all credible epidemiologists agree it originated in China.

"The story, posted to Russian-language blogs and Reddit by multiple fake personas, tries to pin the blame on the COVID-19 outbreak on the U.S. and Kazakhstan by casting the virus as the byproduct of a U.S. nonproliferation program in the country," the publication finds. "The trolls pointed to social media posts by a group of hackers calling themselves 'Anonymous Kazakhstan.'"

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