BY LIZ PEEK, The Hill
By Richard Lachmann, Valdai Club
President Trump and the Republican controlled Congress ended 2017 with their first legislative achievement: tax cuts totaling $1.5 trillion over the next ten years. However, that amount masks the magnitude of the bill. In fact, there are $6 trillion of tax cuts, with $4.5 trillion made up through tax increases. Thus, the bill mainly is a redistribution of the tax burden from some Americans to others.
By Nobuo Shimotomai, Valdai Club
2017 marked one hundred years' anniversary of bipolarity of global politics. Russian revolution, as well as the Wilsonian ‘democratic’ involvement in global affairs took place a century ago. However, communism failed in 1991, whilst US project of democratic promotion seemed to prevail globally after that.
Tax-free zones where workers are denied trade union protection, authoritarian trends, experiences of resistance that emerge in the suburbs of large cities. Turkish development in an interview with researcher Luca Manunza
Public demonstrations and opposition arising once again in Greece, as the Troika (European Commission, European Central Bank, IMF) demand still more austerity measures (pension cuts, privatizations, tax hikes) as part of the latest maneuvering by the Troika and its Syriza Greek government ally in anticipation of a renewal of yet another ‘debt deal’ later this year in 2018. The old deal–the third established in 2015–is scheduled to end this summer.