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Trump wants to change ‘so unfair’ law that bars American companies from bribing foreign governments

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President Donald Trump speaks to reporters at the White House/Screenshot

U.S. law currently prohibits American companies from bribing foreign governments — but President Donald Trump and his administration want to change that.

Bloomberg reports that White House economic adviser Larry Kudlow said Friday that they were “looking at” making changes to a 1977 law that bars American businesses from shelling out overseas bribes amid complaints from some companies that it puts them at a competitive disadvantage with companies that are allowed to dole out cash to foreign governments at will.

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Trump’s desire to let American companies bribe other countries was first revealed in a new book written by Washington Post reporters Philip Rucker and Carol D. Leonnig, which is titled “A Very Stable Genius: Donald J. Trump’s Testing of America.”

“It’s just so unfair that American companies aren’t allowed to pay bribes to get business overseas,” Trump said, according to the book. “We’re going to change that.”

The book also claims that Trump clashed with former Secretary of State Rex Tillerson over scrapping the law, as Tillerson believed that paying bribes was the textbook definition of corruption.


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WATCH: Trump walked out of a 1990 interview with CNN when they asked about his finances

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Long before he became the president, Donald Trump was a business tycoon who had trouble holding onto his money.

As New York Times reporting on the president's personal income tax records has shown, Trump throughout his career would frequently burn through money at a stunning rate throughout the 1990s, at one point reporting adjusted gross losses of nearly $1 billion per year in 1994 and 1995.

The tax records obtained by the Times show that things really started going downhill for Trump in 1990, when he reported a gross net loss of $400 million.

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GOP lawmaker in Tennessee admits to prescribing opioids to his second cousin — who was also his lover

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Tennessee state Sen. Joey Hensley (R) is under investigation by a medical review board for providing opioids to family members, one of which was his second cousin -- who also happened to be his lover, the Tennessean reports.

Hensley, an anti-LGBT ideologue who wrote his state's infamous "Don't Say Gay" bill, admits that he prescribed drugs for his relatives, but says he's the only doctor in town.

“There are not many people in the county who haven’t been to see Dr. Hensley, and she was one of them,” defense attorney David Steed said, adding, “Half of the county are Hensleys. Everyone there knows everyone. There were multiple relationships and the physician-patient relationship was only one and somewhat incidental to the others.”

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2020 Election

West Virginia voter: ‘I’ll probably vote for Donald Trump’ because ‘he keeps the people to the TV set’

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A group of West Virginia voters explained their voting choices to MSNBC on Monday.

"I don't have TV, I don't have internet," one woman said. "I'm pretty far behind. And I bet you a lot of around here are because we're poor. I don't know nothing about Joe [Biden]. I ain't never heard nothing about him at all. Donald Trump, I know a little bit about him because of the past couple of years."

"I'll probably vote for Donald Trump," Jeff Kibbey told MSNBC. "He keeps the people to the TV set."

"One, Trump is good," Francis Senter insisted. "Biden -- however you pronounce his name -- is good too. But like I say, I can't judge either one of them. It's the same community it ain't never going to change because if it was going to change it wouldn't look like this right here."

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