Trending

Newsletter

Embattled Nicolás Maduro Warns Trump to Back Down from Venezuela

By: Sabrina Martín - @SabrinaMartinR - Feb 20, 2017, 12:34 pm
Nicolás Maduro Warns Trump
I do not want to fight with Donald Trump, Venezuela wants respectful relations,” Maduro said, “but if they attack us, we are not going to remain silent.”(ACN)

EspañolNicolás Maduro advised US President Donald Trump to “open his eyes” about the policies he is “imposing” against Venezuela.

In a television broadcast, Maduro referred to sanctions the United States issued against Vice President Tareck El Aissami, calling them “revenge” from North American soil.

 

“President Donald Trump, open your eyes,” Maduro said. “Do not let yourself be manipulated and … change policies against Venezuela and Latin America from the old George W. Bush and Barack Obama administrations.”

Maduro, who has kept a “low profile” in his discussions about US presidents, and insisted he does not want to “have problems” with Trump, decided to issue a threat this time around.

“I do not want to fight with Donald Trump, Venezuela wants respectful relations,” he said, “but if they attack us, we are not going to remain silent.”

On Sunday, February 19th, Maduro defended his Vice President against now “infamous” economic sanctions imposed by the US government, which accused him of “playing a significant role in the international trafficking in narcotics.”

He also claimed that millions of dollar are being paid to and by the White House, the State Department and Treasury Department to allegedly harm Chavismo.

He said he hoped the message would reach Trump before he got carried away “by the failed right that fully supported Hillary Clinton.”

In referencing the Spanish Government and Mariano Rajoy, as well as Presidents of Argentina and Brazil Mauricio Macri and Michel Temer, Maduro heralded himself as a figure of peace.

“I am currently this continent’s guarantee of peace, we are the guarantee of peace, do not mess with us,” he warned.

Source: El Nuevo Herald; HispanTv

Sabrina Martín Sabrina Martín

Sabrina Martín is a Venezuelan journalist, commentator, and editor based in Valencia with experience in corporate communication. Follow @SabrinaMartinR.

How Trump’s Border Tax Will Be Paid for By US Consumers

By: Guest Contributor - Feb 20, 2017, 10:45 am
trump_nieto_trade_mexico_protectionism_083116_500x293

By Patrice Lee The United States tax code clearly needs reform, but one plan being proposed by House Republicans – border adjustment – will have a significant negative impact on consumers. Imports Are Important In our global economy, so many of the products we use every day are imported to the US – the Apple iPhone you’re checking Facebook on, the Nike tennis shoes you work out in, the Jose Cuervo tequila that’s in your happy hour margarita. Under border adjustment, a company would be taxed based on where their products are sold, not where the company is headquartered. Supporters of the strategy say it’ll keep businesses from moving abroad to try to escape the United States’ high corporate taxes. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); But the real result will be consumers paying much more to cover the added expenses. Under our current tax code, companies pay a 35 percent corporate income tax on a product’s profit, regardless of if it’s made in the US or imported from another country. The tax plan from House Republicans lowers that rate to 20 percent, and only applies to profits made in the US, both of which are solid, pro-growth reforms. However, if border adjustment is included, US companies that import materials and products will no longer be able to deduct those costs from their taxable income, effectively slapping a 20 percent tax on everything that is imported. Targeting More than Profits Target is one of the top importers in the US. Say the company imports a table at a cost of $75 and marks it up to $100 when selling it to you. With other expenses and fees, they make a $10 profit. Right now, Target would pay $3.50 in corporate income tax based only on their profit. But if border adjustment were implemented, they’d be taxed on the $10 profit and the $75 they paid to import the table for a final tax bill of $17. Read More: Ecuador President Denies Corruption in Oil Sales to China Read More: US Sanctions Venezuelan Vice President Tareck El Aissami for Drug Trafficking  Who do you think will cover the added $13.50 in taxes? That’s right – us, the consumers. If lawmakers really want to incentivize companies to stay in the US, they should make our tax code simpler and fairer for all. Companies who would face the new import tax would likely just raise their prices to cover the additional taxes, but consumers can’t afford to pay so much more on products we use every day. Patrice Lee Patrice Lee, a Senior Fellow at the Independent Women’s Forum, is the Director of Outreach at Generation Opportunity where she works to promote economic opportunity for Millennials. This article was originally published on FEE.org. Read the original article.

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.