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President Trump's Treasury secretary says most middle income Americans will get a tax break under the Republican plan brewing in Congress.But he stopped short of saying that break would be for all of them."By simplifying the code, we're putting everybody on a level playing field," Steven Mnuchin told CNN's Jake Tapper on "State of the Union" on Sunday. "For most people -- and, again, it may not be 100 percent, but by far the majority -- both the House and Senate version provide middle-income tax relief."Mnuchin said that assessment is based on "hundreds if not thousands" of tests the Treasury has run on the bills.Mnuchin's comments came after Senate Majority Leader Mitch McConnell walked back his claim?that "nobody in the middle class is going to get a tax increase" under the Senate's version of the reform plan.On Friday, McConnell told the New York Times that he "misspoke."Mnuchin also defended the tax plan from critics, including Larry Summers, the Treasury secretary under President Bill Clinton. Summers called Mnuchin's tax cut estimates "irresponsible."Mnuchin on Sunday called those comments "unfortunate.""There are lots and lots of economists that come out and support our claims," he said. "We've been completely transparent. Different models will show different things."Mnuchin added that a middle-class tax hike is not what Trump wants. He said lawmakers will "fine tune" the plan before it heads to Trump for a signature.Tapper also asked Mnuchin about Trump's?claim?that the tax reform bill will bring "the largest tax cuts in the history of this country.""We've tried to find a way that this is true, but it's not," Tapper said, pointing to research that shows the tax break would rank, at most, as the 3rd largest in American history.Mnuchin qualified the president's statement, saying, "This will be the largest change since President Reagan."He also singled out the proposal to slice the corporate tax rate from 35% to 20%."If that's not the biggest tax cut to make our businesses competitive, what is?" Mnuchin said. 2102
Prosecutors rested their case Monday afternoon in the trial against former Trump campaign chairman Paul Manafort.This comes after 10 days of testimony from 27 witnesses. The defense has not indicated if it will call any witnesses to the stand.Prior to the prosecution resting, a bank official testified that the Federal Savings Bank gave Manafort million in loans and knew that he lied about his financial situation before they were approved by the bank's chairman.James Brennan, a vice president of Federal Savings Bank, said he faced so much pressure from his bank's chairman about Manafort's ability to borrow the million that he lied on a form reviewed by federal regulators and the bank's directors about the stability of the loan."If I had my recommendation ... the loan would not be made," Brennan said in court Monday.Brennan, who wrote a memorandum about a second .5 million loan the bank extended to Manafort, said he had given the loan a rating of "4." But in court Monday, he said he shouldn't have done that.A very stable, high-quality loan would get a rating of "1," and any rating less than "4" wouldn't get approved and would draw regulators' attention because of its instability, he said.When asked by prosecutors why the loan received a 4 rating, Brennan said it was because of "Mr. Calk," referring to the bank's founder, Stephen Calk."It closed because Mr. Calk wanted it to close," Brennan said, referring to one of the loans.Last week, the jury heard testimony that Calk approved the loans as he sought Manafort's help in getting a high-ranking position in the Trump administration.Brennan also said he and his colleagues documented their concerns about Manafort's personal finances. Information about Manafort's company's income, his unpaid debts from his Yankees season ticket and undisclosed mortgages on his other properties in New York raised red flags internally at the bank, he added.Brennan was the 27th prosecution witness to testify against Manafort in the first major test in court for special counsel Robert Mueller, who is currently leading an investigation into Russian interference in the 2016 election.Manafort has been charged with 18 tax and banking crimes. He has pleaded not guilty to all charges.Prosecutors pulled up an email that Brennan sent to colleagues who sat on the bank's loan-approving committee in September 2016. The email detailed some of "the issues we were having" regarding one of Manafort's loan applications, Brennan said.Brennan also described how he asked Stephen Calk's brother, John Calk, another major Federal Savings Bank shareholder, to sign off on the loans to Manafort, but John Calk refused.In all, the bank lost .8 million on the loans it made to Manafort, Brennan said. 2763
Prince Harry opened the fourth annual Invictus Games in style on Friday afternoon, climbing Australia's iconic Sydney Harbour Bridge along with a number of veterans and competitors from the upcoming event.Dressed in a black shirt with the logo of the sporting event he helped to kick-start in 2014, the British royal ascended the 13-meter (439 foot) high landmark in beautifully sunny weather, accompanied by Australia's Prime Minister Scott Morrison.It will be the fourth time the annual games have been held. The Invictus Games are a multi-sport event specifically held for wounded or disabled veterans to participate in. 631
Psychologist say there are ways white people can be better allies for black colleagues during this time.Dr. Alfiee Breeland-Noble says there are things you should consider before reaching out.First, make sure it's appropriate.If you're polite to each other, but never really had deeper conversations before, now may not be the time. It can come off as disingenuous.Then, think about how you would want to be approached in a time of crisis. Some people may want space, while others do want to talk.Recognize that there may be cultural differences and be open about it.“So, it's really all about, I'm owning our experience, our life experiences are different. I'm owning my race. I'm acknowledging your race. I'm valuing both as equally valid and I'm saying to you in plain language, ‘I want to be a support to you,’” said Breland-Noble, psychologist and founder of the AAKOMA Project.That's a key part. You're trying to show support for them. Don't make it about you or your own validation.You can get that message across with what Breland-Noble calls "I statements.”“I want to communicate to you. I want to tell you that I care about you deeply, that I value you. That, you know and for some people it's important to hear that I do believe that black lives matter,” said Breland-Noble.Breland-Noble also recommends actually speaking with your black colleague. An email or a text can seem less personal. 1410
Rescuers are searching for crew members aboard two US Marine planes that collided mid-air off the coast of Japan in the early hours of Thursday morning, according to Japan's Ministry of Defense and the US Marine Corps.At least one Marine was killed in the crash and the body has been recovered, the Marine Corps said in a statement. A second Marine was rescued and is described to be in fair condition. Five other Marines remain missing.The KC-130 and F/A-18 collided at 1:42 a.m. local time, according to a Japanese Defense Ministry statement.According to a statement from the US Marine Corps, the crash happened during an aerial refueling that was part of a routine training. The primary mission of a KC-130 is airborne refueling.It is believed five crew were on board the KC-130 and two on the F/A-18 at the time of the crash, two US defense officials told CNN.First Lt. Josh Hayes, a public affairs officer with the 3rd Marines Expeditionary Forces based out of Okinawa, told CNN the rescued Marine was in "fair condition."The killed Marine was found by a Japanese military ship at 12:13 p.m. local time and was being transferred to a mainland medical facility, according to Japanese defense spokesperson Norio Harada.Japan has dispatched 10 aircraft and three ships from its Self Defense Force and Coast Guard to help with the search for five people still believed to be missing.The US 7th Fleet said in a statement that it was supporting ongoing search and rescue efforts with a Navy P-8A Maritime Patrol and Reconnaissance Aircraft flying out of Kadena Air Force Base.Rescue teams are battling bad weather which has passed through the area in the last 24 hours or so, bringing showers, storms and sustained winds of 30 to 40 mph."The weather is definitely going to play a factor," said Hayes. "It's a full team effort between us and the Japanese defense force. And we're hoping to get our Marines back."The crash happened approximately 200 miles (321 kilometers) off the coast of Iwakuni, Japan, a US Marine Corps official told CNN.The planes "had launched from Marine Corps Air Station Iwakuni and were conducting regularly scheduled training when the mishap occurred," according to a statement from the US Marine Corps.Wednesday's incident comes on the same day that the Marines released a report on a crash in July 2017, also involving a KC-130 variant that killed 15 Marines and one sailor.That KC-130T crash took place in Leflore County, Mississippi, and the "investigation determined that the aircraft's propeller did not receive proper depot-level maintenance during its last overhaul ... in September 2011, which missed corrosion that may have contributed to the propeller blade" coming loose during the flight and going into the aircraft's fuselage, according to a Marine Corps statement on the investigation.The-CNN-Wire 2845