Give tax cuts that help middle class

first_imgOf that, 95 percent went directly to stockholders and top corporate executives, not busienss expansion or pay increases.Today, the middle class is under financial stress. Total credit card debt is now up to $1 trillion.Many college graduates have large debt. Middle class savings are minimal. If the Republicans really want to help the economy, they need to help the middle class and not take away tax deductions.The wealthy are now accumulating wealth equal to the Gilded Age. The Gilded Age was not a good time for the working class.John DworakRotterdamMore from The Daily Gazette:Car hits garage in Rotterdam Sunday morning; Garage, car burnEDITORIAL: Thruway tax unfair to working motoristsRotterdam convenience store operator feels results of having Stewart’s as new neighborEDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the census First came the Supreme Court decision permitting unlimited campaign contributions. With the benefit of billions of dollars and the help of propaganda cable news, the Republicans are now in control of the federal government.The Republican Party is now attempting to pay for its victory by transferring more wealth to the wealthy and corporations. They promote their agenda with words like “trickle down.” They promise economic prosperity and growth for all with a large tax cut.Ronald Reagan was the first president who passed “trickle down” economics and a large tax cut for his class. Reagan’s tax cuts didn’t pay for themselves through economic growth. The results were enormous deficits, which resulted in at least 11 tax increases that mostly affected the middle class.Now we are hearing the same propaganda. They even add the lie that tax cuts to corporations will increase workers’ pay by thousands of dollars per a year, as well as produce a rapidly growing economy. These statements are not backed by history or economic logic. The last time corporations got a windfall income was in 2004 under the Bush administration. Categories: Letters to the Editor, Opinionlast_img read more

Deadly discovery

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France industrial: Too much Toulouse

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The cracks begin to show

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Treasury reviews planning policy

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The Peto principle

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MPs call for national policy on high-rise buildings

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Why are we waiting?

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Private investment contributes 77 percent to economic growth, says Jokowi

first_imgRegional leaders and one-stop services, he went on to say, should fully serve all investors and the services should be extended to all investors, big or small, as small and medium enterprises (SMEs) also created jobs that could help boost economic growth.Read also: Foreign investment rules may be issued before omnibus laws: Senior ministerThe country’s gross domestic product (GDP) grew 5.02 percent last year, lower than the 5.17 percent recorded in 2018. Investment, which is the second-largest contributor to GDP after household spending, expanded 4.06 percent in the fourth quarter, slower than 6.01 percent growth booked in the same period in 2018, Statistics Indonesia data shows.Jokowi also instructed one-stop services to approach businesses. Topics : President Joko “Jokowi” Widodo has called on regional administrations to fully cater to investors’ needs in starting businesses to boost investment, which plays a major role in the country’s economic growth.He said the state budget contributed only 16 percent to the country’s economic growth. The figure increases to 23 percent if the state budget is combined with the regional budget.“This means that private businesses and investment contributed 77 percent to our economic activity. This shows how important businesses and private investment are to our economy in creating jobs,” Jokowi said in his remarks at the National Investment Coordination Meeting in Jakarta on Thursday.center_img “One-stop services should visit small shops, warungs and auto repair shops and give them business permits so they can gain easier access to financing,” he said.He instructed regional administrations and one-stop services to help investors resolve issues so projects did not stall, as the realization of Rp 708 trillion (US$51.7 billion) worth of investment was halted last year.“They can create so many new jobs for our people,” he said.last_img read more

Fecal transmission may be behind coronavirus’ rapid spread

first_imgThe novel coronavirus is shed in the feces of infected people, which may help explain why it’s spread so fast, according to Chinese researchers.The finding of live virus particles in stool specimens indicates a fecal-oral route for coronavirus, which may be why it’s caused outbreaks on cruise ships with an intensity often seen with gastro-causing norovirus, which also spreads along that pathway. More than 600 Covid-19 infections were confirmed among passengers and crew aboard the Diamond Princess, the ship quarantined for two weeks in Yokohama, Japan.“This virus has many routes of transmission, which can partially explain” its rapid spread, the Chinese Center for Disease Control and Prevention said in a report Saturday. The agency recommends strengthening sanitation and hygiene measures to prevent fecal-oral transmission in epidemic areas. These include drinking boiled water, avoiding eating raw food, implementing separate meal systems, frequent hand-washing, disinfecting toilets, and preventing water and food contamination from patients’ stool. “The virus can also be transmitted through the potential fecal-oral route,” the Chinese CDC said. “This means that stool samples may contaminate hands, food, water” and cause infection when the microbes enter the mouth or eyes, or are inhaled, they said.Rectal SwabsRectal swabs can detect the pneumonia-causing virus in patients even when conventional oral tests are negative, doctors at the Wuhan Pulmonary Hospital in central China said in a study. The novel SARS-like coronavirus was found in oral and anal swabs, and blood — indicating that infected patients may shed the pathogen through respiratory, fecal-oral or body fluid routes, the authors said.They showed that the current strategy for detecting viral RNA in oral swabs used to diagnose Covid-19 cases “is not perfect,” the researchers said. They noted that patients may harbor the virus in the intestine at the early or late stage of disease, and that a blood test for antibodies against the virus should be considered to better understand patterns of infection.The coronaviruses that cause Covid-19 and SARS, or severe acute respiratory syndrome, bind to the same distinctly shaped protein receptors in the body that are expressed in the lungs and intestines, making these organs the primary targets for both viruses, said Fang Li, an associate professor of veterinary and biomedical sciences at the University of Minnesota, last month.Amoy GardensA virus-laden aerosol plume emanating from a SARS patient with diarrhea was implicated in possibly hundreds of cases at Hong Kong’s Amoy Gardens housing complex in 2003.That led the city’s researchers to understand the importance of the virus’s spread through the gastrointestinal tract, and to recognize both the limitation of face masks and importance of cleanliness and hygiene, according to John Nicholls, a clinical professor of pathology at the University of Hong Kong.Squat latrines, common in China, lacking covers and hands that aren’t washed thoroughly with soap and water after visiting the bathroom, could be a source of virus transmission, said Nicholls, who was part of the research team that isolated and characterized the SARS virus.Topics :last_img read more