Politics

BLUE STATE BLUES: Liberal Governors to SUE TRUMP ADMIN Over GOP Tax Cuts

posted by Hannity Staff - 1.26.18

New York’s Andrew Cuomo announced his plans Friday to form a coalition of ‘Blue State’ Governors and sue the federal government over the recently passed GOP tax legislation; saying the bill unfairly punishes east coast residents with drastically higher property taxes.

Just three states -New York, New Jersey, and Connecticut- have signed onto Cuomo’s initiative, but the group hopes to expand to California, Illinois, and other left-leaning local governments as the Republican tax cuts take effect in the coming months.

According to Fox News, the coalition blasted the legislation’s State and Local Tax Deduction, also known as SALT provision, which eliminates individual’s abilities to deduct state and local taxes from their federal filings; making people in high-tax states likely to pay more on their annual tax bill.

“The elimination of full state and local deductibility is a blatantly partisan and unlawful attack on New York that uses our hardworking families and tax dollars as a piggy bank to pay for tax cuts for corporations and other states,” Cuomo said in a statement. “This coalition will take the federal government to court to protect our residents from this assault.”

“Capping the State and Local Tax deduction had nothing to do with sound policy,” added New Jersey Governor Phil Murphy. “It is a clear and politically motivated punishment of blue states — like New Jersey and our neighbors —who already pay far more to the federal government than we receive.”

Cuomo’s lawsuit is the latest instance of Democratic leaders struggling to stop the President’s tax overhaul. Earlier this month, California announced its intention to “seize” half the tax cut revenue of all corporations earning over $1 million.

Clinton Has PUBLIC MELTDOWN over GOP Tax Cuts

posted by Hannity Staff - 12.08.17

Doomed presidential candidate Hillary Clinton refuses to step out of the media spotlight, desperately posting a bizarre anti-GOP rant on social media for no apparent reason; writing that “there’s a lot to be frustrated by right now” and calling the GOP tax cuts a “giveaway for those who least need it.”

The former Secretary of State unloaded on President Trump and the Republican Party on twitter, calling out the GOP for allowing the Children’s Health Insurance Program to remain “in limbo” while “rushing” a tax cut to the rich.

“I’m going to keep tweeting about this, and speaking out every chance I get, until it is fixed,” she concluded.

It’s unclear what prompted Hillary’s angry tirade; with the tax cut legislation being passed roughly one week ago and the CHIP bill working its way through congress for months.

Clinton’s comments came under fire from not only conservatives, but also liberals who simply urged the two-time failed candidate to “just go away.”

APPLE RETURNS: Tech Giant INVESTS $350 BILLION in USA, Creates 20,000 JOBS

posted by Hannity Staff - 1.17.18

Technology giant Apple Computers announced on Wednesday that it will re-invest over $350 billion in the United States following the recently passed GOP tax cuts; pledging to create 20,000 new jobs throughout the country and pay over $40 billion in repatriation taxes.

According to CNBC, Apple confirmed its new plan to commit $350 billion to the US economy over the next five years, saying it will create tens of thousands of new jobs and at least one new campus.

The computer and smart-phone manufacturer expects to pay nearly $40 billion in taxes when it repatriates the large sums of money held overseas, citing the recently passed tax legislation as a key motivator in re-patriating offshore accounts.

“Apple also said it would spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers,” writes CNBC.

“Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce,” said the official statement. “Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products.”

“We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” Apple CEO Tim Cook said in a statement.

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