Tag: Coronavirus

Covid-19 catch-22: Regime-change policies come packed with US pandemic relief

Tina Marie (Ms. Cat)

Covid-19 catch-22: Regime-change policies come packed with US pandemic relief

While the US public was forced to grovel for months for a $600 direct payment, the same piece of legislation pumps billions of dollars into “democracy programs” — US government code for regime-change operations via civil society NGOs — and foreign military assistance. The measly $600 survival checks pale in comparison to the massive foreign spending on regime change and titanic allocations to prop up US-friendly authoritarian militaries.

Tax break for corporate meal expenses inserted into coronavirus aid package

Tina Marie (Ms. Cat)

Tax break for corporate meal expenses inserted into coronavirus aid package

Since the 1980s, businesses have only been able to deduct 50 percent of their meal expenses off their federal taxes. A proposal championed by the White House and Sen. Tim Scott (R-S.C.) would increase that deduction to 100 percent allowing companies to deduct the full cost of a business meal off their federal taxes.

Fed Chair Powell Opens a Big Can of Worms at His Press Conference

Tina Marie (Ms. Cat)

Fed Chair Powell Opens a Big Can of Worms at His Press Conference

What the Fed did back then, which it knows it can still do at the drop of a dime today, is to demand an adequate amount of securities as collateral from the Wall Street firms that request its emergency loans. There is zero need or rational reason to make the U.S. taxpayer backstop potential losses on Wall Street – particularly when today’s Wall Street funding problems began months before COVID-19 reared its head in the United States.