Yesterday House Republicans passed a budget to fast-track a tax plan that puts corporations ahead of the middle class. Trump and Republicans have repeatedly sided with big corporations over hardworking Americans.
Here are five more examples that you may have missed from the past few days alone:
1.Republicans made it easier for large financial institutions to rip off consumers.
Politico: “Senate Republicans on Tuesday night leaned on a tie-breaking vote from Vice President Mike Pence to kill a landmark financial regulation that restricts banks and credit card companies from imposing mandatory arbitration on their customers as a means to resolve disputes.”
Washington Post: “Treasury Department sides with Wall Street, against federal consumer watchdog agency on arbitration rule”
2.Trump’s administration rescinded a rule that would have made it easier for farmers to bring lawsuits against big food companies.
The Hill: “The Trump administration is rescinding an Obama-era rule that would have made it easier for independent farmers to bring lawsuits against big food companies they raise chicken and other livestock for.”
3.Trump’s administration changed a rule to allow broadcasting conglomerates to move more resources away from communities they serve.
Bloomberg: “Regulators eliminated a nearly 80-year-old requirement for TV and radio stations to maintain a main studio in or near the communities they serve, a step that broadcasters welcomed as trimming unneeded rules and critics called a step toward homogenized programming. The rule is no longer needed to keep stations in touch with their communities, since email and social media have replaced visits to a studio, supporters of the change say.”
4.Trump’s administration planned to repeal emissions standards that would primarily benefit a manufacturer that met with Scott Pruitt.
Washington Post: “The Environmental Protection Agency is seeking to repeal tighter emissions standards for truck components, a rule adopted in the final months of the Obama administration aimed at controlling traditional air pollutants as well as greenhouse-gas emissions linked to climate change. EPA Administrator Scott Pruitt, who privately met in May with the manufacturer that stands to benefit most from the rule’s repeal, suggested in August that he would reexamine the rule ‘in light of the significant issues raised’ and see whether it is consistent with the agency’s authority under the Clean Air Act.”
Washington Post: “EPA Administrator Scott Pruitt, who privately met in May with the manufacturer that stands to benefit most from the rule’s repeal, suggested in August that he would reexamine the rule ‘in light of the significant issues raised’ and see whether it is consistent with the agency’s authority under the Clean Air Act.”
5.Trump’s nominee to head the Federal Housing Administration previously helped lenders fight agency penalties.
Bloomberg: “Trump’s pick to run mortgage agency has helped lenders fight it”
Bloomberg: “For the past eight years, Brian Montgomery has helped mortgage lenders fight penalties sought by the Federal Housing Administration. Now he’s President Donald Trump’s nominee to lead the agency. Montgomery, who is seeking a second stint as head of the FHA, would play a key role in mortgage-insurance decisions that could mean billions of dollars for clients of The Collingwood Group, the Washington consulting firm that he co-founded and currently serves as vice chairman.”
