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He lies like he breathes…

DJT just can’t help himself – he lies like he breathes.   From The NYT:

Former President Donald J. Trump claimed on Friday that before leaving office, he declassified all the documents the F.B.I. found in this week’s search of his Florida residence that agents described as classified in a list of what they seized — including several caches apparently marked as “top secret.”

“It was all declassified,” Mr. Trump asserted in a statement.

and:

Seeking to deflect attention from reports that the classified documents he had kept in his Florida home might have contained materials related to nuclear weapons, former President Donald J. Trump claimed on Friday that his predecessor, Barack Obama, had done the same thing.

“President Barack Hussein Obama kept 33 million pages of documents, much of them classified,” Mr. Trump said in a statement. “How many of them pertained to nuclear? Word is, lots!”

But the National Archives and Records Administration, or NARA, which preserves and maintains records after a president leaves office, confirmed on Friday afternoon that Mr. Obama had not kept his documents — classified and unclassified — as required under the Presidential Records Act of 1978.

The National Archives “assumed exclusive legal and physical custody of Obama presidential records when President Barack Obama left office in 2017, in accordance with the Presidential Records Act,” the statement said. “NARA moved approximately 30 million pages of unclassified records to a NARA facility in the Chicago area, where they are maintained exclusively by NARA. Additionally, NARA maintains the classified Obama presidential records in a NARA facility in the Washington, D.C., area.”

“As required by the P.R.A.,” the statement added, referring to the Presidential Records Act, “former President Obama has no control over where and how NARA stores the presidential records of his administration.”

2022-08-12T17:07:32-05:00August 12th, 2022|Home, Musings|

Please, please, get rid of the “carried interest” tax loophole

• It’s really, really, time to get rid of the rather ridiculous carried interest tax loophole used/abused by private equity. If the Senate can manage to pass the Inflation Reduction Act, it’s at least a start. Farhad Manjoo discusses in the NYT, and he includes this priceless quote from Tim Murphy:

“Despite widespread opposition, though, the tax break has somehow endured — as Tim Murphy wrote recently in Mother Jones, it has been “the most unkillable bad idea in a town with no shortage of them, a testament to the unstoppable combination of money and inertia.” (Murphy’s piece was part of an excellent, multipart investigation of the private equity industry published by the magazine.)”

Update:  Bummer, Cinema strikes again and the loophole lives on.  But at least the Inflation Reduction Act has made it through Congress (with no help from Republicans).

2022-08-12T17:02:30-05:00August 4th, 2022|HomeRecommended|
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