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Trump Tells Corporations: Time to donate bigly to my inauguration fund....or else.

Trump Blackmail In Action....Pay Up or Else!
Is this what you voted for?
When will Trump tell you to pay up?
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Trump 'keeping tabs' on which companies aren't shelling out inauguration cash: report
Brad Reed for Raw Story
December 25, 2024 4:25PM ET

A new report from Rolling Stone claims that President-elect Donald Trump is "keeping tabs" on major corporations that have not yet forked out big bucks for his inauguration fund.

American companies are forking out money to Trump's inauguration at a time when he's threatening to slap major tariffs on foreign goods, and his decision to grant certain companies exceptions could be a make or break for their profits.

According to Rolling Stone's sources, Trump himself seems to understand this particular power dynamic, which is why he is reportedly demanding to know which firms have paid up and which ones haven't.

"In the past few weeks, Trump has at times asked close allies about how much major corporations have donated to the inaugural committee, and has sometimes inquired about specific companies by name," the publication writes. "Earlier this month, when the president-elect asked about one big-name corporation and was told it hadn’t donated, Trump replied, 'Well, they better do it soon then.'"

The report goes on to note that most of the big names in corporate America seem to have gotten the message and have been giving big in an apparent effort to avoid becoming objects of Trump's wrath.

"Some of the top donors include: Amazon ($1 million); AT&T Bank of America; Charter Communications ($1 million); Coinbase ($1 million); Ford ($1 million); General Motors; Goldman Sachs; Intuit ($1 million); Stanley Black & Decker ($1 million); Toyota ($1 million); and Uber ($1 million, plus another $1 million from its CEO)," writes Rolling Stone. "Meta, the parent company of Facebook, is giving $1 million. The powerful drug lobby Pharmaceutical Research and Manufacturers, or PhRMA, is kicking in $1 million, as is Sam Altman, the CEO of OpenAI."

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So there you have it. Blackmail, coercion, strong arming, or a plain and simple threat, Trump says pay me or else.
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The amazing part is that you actually believe this tripe 🤣
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JSul3 · 70-79
@BizSuitStacy Did the corporations donate or not?
@JSul3 deflect much? You have terminal TDS. Anyone who'd believe this hit piece from Rolling Stone is a turnip brain.
JSul3 · 70-79
@BizSuitStacy A simple web search will provide you with other sources of what corporations have donated to Trump's inauguration fund.
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JSul3 · 70-79
@BizSuitStacy Why is Trump checking the list and inquiring who has not donated yet?
@JSul3
🎶 He's making a list
He's checking it twice.
He's gonna find out who's a commie or nice.
Trumpy-claus lives in your head rent-free 🎶
MarineBob · 56-60, M
@JSul3 gotta send out the thank you cards
@JSul3 As well as which wall street banks donated to killary klintoon, grateful to how her husband had the Glass Stegall Act repealed in 1999 during his second term.
[media=https://youtu.be/A7BUmXUV0kw]
@JSul3 [media=https://youtu.be/1AsMPpWJUro]
JSul3 · 70-79
@NativePortlander1970 Ending GS was a big mistake. Wonder why Congress will not being it back?
Answer: They do not want oversight or rules and regulations.

Corporations do not want rules and regulations that apply to them. They do not want to pay taxes. Trump will give them what they want.
@JSul3 And Clinton was the one that gave the banks what they wanted.
JSul3 · 70-79
@NativePortlander1970
Yes....and Regan cut taxes to the bone.
Trickle down, right?

So, what is your boy Trump going to do to fix it?
Based on his track record during Trump 1.0, this new Trump 2.0 will be the same: lower taxes for the rich, remove regulations and rules that protect workers and the environment.
@JSul3 Just wait and see
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JSul3 · 70-79
@Reason10

When policymakers were debating the Tax Cuts and Jobs Act of 2017, many proponents claimed that average U.S. workers would benefit via wage increases. These adherents of trickle-down economic theory argued that, alongside other business tax cuts in the law, slashing the C-corporation tax rate by 14 percentage points, from 35 percent to 21 percent, would reduce these firms’ cost of capital—or how expensive, after tax, it is to invest in new projects. This, proponents said, would spur private investment, which, in turn, would boost workers’ productivity and thus increase wages and job openings.

This highly speculative string of contingencies is a tenet of faith among supply-side economists. Yet the empirical evidence has never been on their side. And now, nearly 6 years after the Tax Cuts and Jobs Act was signed into law by former President Donald Trump, a new study further reinforces that these business tax cuts benefit highly paid executives, not the vast majority of U.S. workers.

Indeed, the paper—by Patrick Kennedy, Paul Landefeld, and Jacob Mortenson, all of the U.S. Congress’ Joint Committee on Taxation, and Christine Dobridge of the Federal Reserve Board of Governors—finds that almost all of the benefits of the 2017 law’s signature $1.3 trillion C-corporation tax cut went to high-income shareholders and executives—not low- or moderate-income workers. (This $1.3 trillion figure refers to the 10-year cost estimate specifically for the C-corporation rate cut provision, provided by the Joint Committee on Taxation before the bill was passed.)

Using anonymized tax records and sophisticated methods, the four co-authors find that workers below the 90th percentile in their firm’s earnings distribution did not receive any wage boost from the C-corporation tax cut.

Gas prices have gine down for months.
Does Biden get credit for it?
No. Oil is traded globally. Today oil is trading at approx. $75 per barrel.
Gas price will vary due to state gas taxes. Today in DFW, regular unleaded can be purchased for $2.43-$2.49.