Tag: Trump corporate welfare

Trump says he’s aiming to shield corporations from legal liability for workers who contract COVI-19 on the job

AlterNet logoPresident Donald Trump said during a press briefing Monday evening that his administration is aiming to shield corporations from legal responsibility for workers who contract the novel coronavirus on the job, a move that the Chamber of Commerce and right-wing advocacy groups are aggressively lobbying for as the White House pushes to reopen the U.S. economy against the warnings of public health experts.

“We are trying to take liability away from these companies,” Trump said in response to a reporter’s question on the subject. “We just don’t want that because we want the companies to open and to open strong. But I’ll get you a legal opinion on that.”

The president claimed that his administration has not previously discussed the issue of corporate liability, but the New York Times reported that business executives raised the matter with Trump in a conference call last week. Continue reading.

Trump Administration Spares Corporate Wrongdoers Billions in Penalties

The Justice Department wanted Walmart to resolve an investigation of bribery in several countries, including India. Discussions became increasingly difficult as the Obama era came to a close. Credit: Kuni Takahashi Getty Images

In the final months of the Obama administration, Walmart was under pressure from federal officials to pay nearly $1 billion and accept a guilty plea to resolve a foreign bribery investigation.

Barclays faced demands that it pay nearly $7 billion to settle civil claims that it had sold toxic mortgage investments that helped fuel the 2008 financial crisis, and the Royal Bank of Scotland was ensnared in a criminal investigation over its role in the crisis.

The three corporate giants complained that the Obama administration was being unreasonable and stood their ground, according to people briefed on the investigations. After President Trump took office, they looked to his administration for a more sympathetic ear — and got one.

View the complete November 3 article by Ben Protess, Robert Gebeloff and Danielle Ivory on The New York Times website here.

Trump defends new tax-cut bill amid negative polls

The following article by Olivia Beavers was posted on the Hill website December 24, 2017:

© Getty Images

President Trump on Sunday touted provisions in the recently-passed GOP tax plan, while pushing back against polls that indicate the measure is unpopular among the U.S. public.

“The Tax Cut/Reform Bill, including Massive Alaska Drilling and the Repeal of the highly unpopular Individual Mandate, brought it all together as to what an incredible year we had,” Trump tweeted. Continue reading “Trump defends new tax-cut bill amid negative polls”