Tags: Trump Administration | Donald Trump | IRS | business | cuomo | tim kaine | polls

Why Media Elites Politicize Trump's Taxes

 Why Media Elites Politicize Trump's Taxes

(Susan Walsh/AP)

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Thursday, 06 October 2016 08:31 AM Current | Bio | Archive

In the vice-presidential debate last night at Longwood University in Virginia, Tim Kaine referred to Donald Trump’s taxes 12 times, including this gem: “So get this. On 9/11, Hillary Clinton and Donald Trump's hometown was attacked by the worst terrorist attack in the history of the United States. Young men and women, young men and women signed up to serve in the military to fight terrorism. Hillary Clinton went to Washington to get funds to rebuild her city and protect first responders, but Donald Trump was fighting a very different fight. It was a fight to avoid paying taxes so that he wouldn't support the fight against terror.”

An obviously specious, fatuous, idiotic jab. Why did he use it?

Because his elitist allies in the media, most of them Democrats and all of them employees, will run with it. To them, Republicans are greedy; Democrats are good, regardless of how their money is earned, spent, taxed, or not taxed.

According to a new Reuters poll, 67 percent of Americans said it is "selfish" for a presidential candidate to pay no taxes; 61 percent said it is "unpatriotic."

But, it’s OK for 45 percent of American households, according to the Tax Policy Center, to pay no federal income taxes. Pot-kettle?

Unfortunately, many Americans are anti-business and ignorant about the challenges of founding and successfully running companies. Kids learn in school to think like employees and disdain business, employers, and profits.

On the first Monday in September, we celebrate Labor Day, which President Grover Cleveland signed into law in 1894 to mollify rioting unions. Yet, we have no Commerce Day to honor the kernel of America’s prosperity: business.

Our pervasive “employee mentality” manifests in victimhood and entitlement. Those afflicted reject the value of free enterprise and those who engage in it.

A current TV commercial for Southern New Hampshire University emphasizes the school’s non-profit status, music to Millennials’ delicate ears. After all, the Obama administration constantly trashes for-profit schools.

In fact, Donald Trump had a $916-million-dollar net operating loss in 1995. The IRS allows 20 years of loss carryforward to offset future profits. Why? To encourage entrepreneurs to take risks and spring back from failures.

So, Trump was following the law. He still paid state and local taxes, sales taxes, employee taxes, VATs, and other fees. He employed thousands of people. In an employee nation, however, few understand or care to understand this.

To elitists, Trump is a Republican. He’s greedy. His motives are sinister.

Let’s contrast and compare.

The Clintons run a foundation, which has donated only 10 percent of its proceeds to charitable causes. Its sources of cash are governments and CEOs who got, when Hillary was secretary of state, and will get, if she occupies the Oval office, lucrative quid-pro-quo favors.


The inspector general (IG) of the US Department of State reported in 2014 that the agency misplaced and lost $6 billion, by improperly filing contracts, mostly during Hilary Clinton’s four-year tenure. This malfeasance posed a “significant financial risk and demonstrated a lack of internal control,” the IG concluded.

Notwithstanding her ineptitude and mismanagement, President Obama declared Hillary Clinton the most-qualified presidential candidate in history.

Six-billion dollars lost. And, Hillary accused Trump of being a selfish, shameful businessman for losing less than a billion dollars and legally using IRS rules to offset future taxes.

Media outrage? Nonexistent. Hillary’s a Democrat, one of them. She’s good. Her motives are noble.

Andrew Cuomo, Democratic governor of New York, inaugurated Startup-NY, a program to attract entrepreneurs to the Empire State, which has the highest state and local taxes in the country. The lure? They will pay zero taxes for 10 years. Are these program participants selfish and unpatriotic?

The National Association of Manufacturers, in a new filing, reported that the Obama administration’s regulations, in its final year, will cost $80 billion, kill 150,000 jobs, and require 400-million compliance hours. Think foodstamps.

Any wonder that more businesses die than form in this country, and that the GDP is growing at the slowest rate in history? Media outrage? None. Obama’s a Democrat. Cuomo’s a Democrat. They’re good. Their motives are noble.

The media’s politicization of business and taxes is destroying America, and it works only with an uninformed electorate.

Will it ever end?

Only if American taxpayers adopt an “employer mentality,” learn the virtues of business and its centrality to widespread prosperity, and force schools to teach and preach the same.

The media cannot snow an informed electorate.

Marc Rudov is a branding adviser to CEOs, and is the author of "Be Unique or Be Ignored: The CEO's Guide to Branding." He is the founder of MarcRudov.com. For more of his reports, Go Here Now.

 

 

 

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MarcRudov
The media’s politicization of business and taxes is destroying America. Will it end? Only if American taxpayers learn the virtues of business and its centrality to widespread prosperity, and force schools to teach the same. The media cannot snow an informed electorate.
business, cuomo, tim kaine, polls, taxes
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2016-31-06
Thursday, 06 October 2016 08:31 AM
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