Ivanka Trump | Media Matters for America

Ivanka Trump

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  • Fox is deceptively hyping GOP’s next tax bill that just benefits the ultra rich

    Blog ››› ››› ZACHARY PLEAT


    Melissa Joskow / Media Matters

    Back in December, when President Donald Trump signed into law changes in U.S. tax policy, Fox News helped Republicans spin the discussion surrounding the legislation by hyping anecdotal reports of bonuses, wage hikes, and investments. Now that Republicans are aiming to make the individual tax cuts permanent, Fox is at it again -- despite analyses showing how staggeringly disproportionate the benefits are for the wealthy and large businesses, that they barely lower tax burdens for some middle class and lower income families, and that they have had no noticeable positive effect on the economy.

    The law, officially titled the Tax Cuts and Jobs Act (TCJA), passed in December, and Fox hosts celebrated the legislation’s passage after contributing their own dishonest coverage. Fox News shows repeatedly focused on announcements of bonuses -- such as some AT&T workers receiving a $1,000 bonus their union already negotiated -- and small wage increases from some companies to portray the tax cuts as beneficial for ordinary working Americans.

    Others, including Fox’s Sean Hannity, claimed that the tax legislation would lead to increased investment by corporations, in some cases pointing to anecdotal examples of businesses announcing investments and saying they were possible because of the policy change. Two days after the legislation’s passage, Fox & Friends invited White House special adviser Ivanka Trump on to hype an increase to the Child Tax Credit in the legislation. (According to tax experts, “the expanded child credit will actually provide little relief for some of the lowest-income families.”)

    Republicans are now attempting to pass another tax bill, in part to make permanent the individual tax policy changes in the original law, which expire within 10 years. The White House is portraying a report that House Republicans are planning to advance a bill as “a big win for the middle class.” And Fox News is again helping Republicans with their spin. On July 18, Fox & Friends hosted Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee -- the committee the bill would originate from -- who said lawmakers should make permanent “those cuts for middle-class families.” Later on the show, Fox Business host Stuart Varney said: “I think Republicans are setting a tax trap for the Democrats. … Are the Democrats going to vote against something which really supports America's middle class?”

    But as reporting from NPR and experts from the Economic Policy Institute (EPI) and the Center on Budget and Policy Priorities (CBPP) have explained, Trump’s tax cuts provide only minor benefits to the middle class, are geared toward the wealthiest Americans, and are having no noticeable positive effect on the economy.

    Trump tax cuts disproportionately benefit the wealthy

    NPR: Tax cut benefits to middle class are meager compared to those affecting the wealthy. NPR cited a December report from the nonpartisan Tax Policy Center which showed that middle-class households are receiving meager tax benefits from the Trump tax cuts compared to the wealthiest households and that when those benefits expire, middle-class households will earn slightly less income than they did before the tax cuts were passed:

    [NPR, 12/19/17]

    EPI: Republican spin of tax cuts as primarily middle-class benefits “is false.” A blog post by EPI budget analyst Hunter Blair showed that Republican lawmakers’ attempted spin of the Trump tax cuts as targeted to the middle class “is false.” The post showed that the bottom 80 percent of taxpayers earn a disproportionately small benefit from the policy change, with the top 5 percent earning a larger share of the benefits relative to their income:

    [Economic Policy Institute, 4/13/18]

    CBPP: Trump tax cuts deliver largest benefits to the wealthiest while boosting income inequality. The CBPP explained in an April report that Trump’s tax plan “will increase income inequality since it delivers far larger tax cuts to households at the top, measured as a share of income, than to households at the bottom or middle of the income distribution”:

    [Center on Budget and Policy Priorities, 4/9/18]

    CBPP: Increase in Child Tax Credit skews toward the wealthy. The CBPP report explained that “10 million children under age 17 in low-income working families will receive no CTC increase or a token increase of $75 or less.” Further, the law increased the upper limit for the Child Tax Credit from $110,000 in income annually to $400,000, with the wealthiest getting an increase worth several times more than the increase middle-class families will receive:

    [Center on Budget and Policy Priorities, 4/9/18]

    Data so far show Trump tax cuts having no positive effect on the economy

    EPI: “There is no evidence that wage growth has materially picked up since the TCJA’s passage.” In June 1 testimony submitted to the House’s Tax Policy Subcommittee, EPI explained that “there is no evidence that wage growth has materially picked up since the TCJA’s passage.”

    [Economic Policy Institute, 6/1/18]

    Bloomberg’s Noah Smith: Federal Reserve data and PayScale index show wages fell after Trump tax cuts took effect. In a July 18 Bloomberg column, Noah Smith pointed to Federal Reserve and private sector data to show that wages actually declined since the Trump tax cuts were passed:

    [Bloomberg, 7/18/18]

    EPI: Bonuses were overhyped, and they are less likely to occur in future years. EPI’s testimony explained that “nearly 40 percent of American workers get bonuses every year,” and that there was a financial incentive to give bonuses after the law’s passage at the end of 2017 when such bumps could be less expensively written off on corporate tax filings. As EPI explained: “What this means is that even if some increase in bonuses occurred in 2017 because of the TCJA (this remains a big ‘if’), there is no reason to think such bonuses will recur in the future.” [Economic Policy Institute, 6/1/18]

    EPI: “There is no serious evidence that the TCJA spurred a notable pickup in business investment.” EPI’s testimony showed that business investment has grown less than it did in either 2011 or 2014. “In short, we do not yet have economy-wide data showing a rapid upsurge of investment due to the TCJA.”

    [Economic Policy Institute, 6/1/18]

  • Fox News isn't covering Ivanka Trump's new China trademarks potentially worth millions

    After Ivanka’s trademarks were approved, President Trump promised to “save jobs” at ZTE, a Chinese telecom that traded with Iran and North Korea. Ivanka then got more trademarks.

    Blog ››› ››› BOBBY LEWIS

    On May 28, The New York Times reported that Ivanka Trump received seven new trademarks from the Chinese government six days before her father, President Donald Trump, “vowed to find a way” to save Chinese telecommunications company ZTE from bankruptcy. Fox News has yet to cover the story.

    The Times article noted, “Even as Mr. Trump contends with Beijing on issues like security and trade, his family and the company that bears his name are trying to make money off their brand in China’s flush and potentially promising market.” According to experts, “the timing appeared to be a coincidence, given how quickly Ms. Trump won her previous trademark requests from the Chinese authorities,” but one of the experts quoted in the piece noted, “From application to registration, this is very fast.” Another expert disagreed on the speed, but acknowledged that Ivanka’s position and fame likely played a role in the approval process. And according to American ethics experts, the trademarks, along with the family’s existing businesses in China, suggest that Chinese officials may be giving the president’s daughter “extra consideration” because she’s “the president’s daughter — a person who also works in the White House.” The trademarks are potentially worth millions.

    Trump’s action to “save jobs” at ZTE came after the Chinese telecommunications company was “left paralyzed after American officials forbade companies in the United States” from selling goods to ZTE, after the company violated U.S. trade controls on Iran and North Korea. The American intelligence community has also warned that ZTE products “may pose an unacceptable risk” of espionage. Ivanka Trump was granted an additional two trademarks eight days after the president’s announcement. 

    Unlike other networks, Fox News has yet to find time to cover the Times story published yesterday. But it has discussed the following about the president’s daughter:

    • On May 28, Fox & Friends co-host Ainsley Earhardt suggested Chelsea Clinton criticized Ivanka’s complicity in her father’s actions because she wants to run for president, and diaper enthusiast and Turning Point USA Director of Urban Engagement Candace Owens bragged about meeting the first daughter.
    • A Special Report package mentioned an American diplomat who had “accompanied Ivanka Trump to the South Korean Olympics in February.”
    • On May 29, RNC spokesperson Kayleigh McEnany mentioned on Fox & Friends an initiative Ivanka has worked on with the World Bank.

    Trump’s orbit, from campaign to the presidency, is certainly not short on corruption and scandal, and this is not the first such story that Fox News has ignored or downplayed. The network has dutifully and reliably downplayed story after story -- usually related to the Russia investigation(s) -- that puts the president in a bad light.

  • Fox & Friends lets Ivanka Trump shill for the GOP tax bill without asking her about the provisions she'll directly benefit from

    Blog ››› ››› GRACE BENNETT

    Fox & Friends hosted Ivanka Trump to shill for the Republican Party’s tax bill without once asking her about any of the provisions that will directly benefit her. If the bill is passed, the Trump family, including Ivanka and her husband Jared Kushner, stands to benefit enormously from changes to business taxation and to the estate tax.

    On the December 18 edition of Fox News’ Fox & Friends, the hosts interviewed Ivanka Trump about her role in the GOP’s tax efforts, as well as some of the specifics of the current form of the bill. Co-host Brian Kilmeade spoke appreciatively of Trump for “getting her hands dirty through this entire process.” Co-host Steve Doocy exclaimed that there are “so many people this benefits.” But at no point did the hosts ask Trump about how the bill directly benefits her business, her eventual estate inheritance, her husband Jared Kushner's business, and his personal estate.

    In addition to benefiting from the corporate tax cut, which will likely lower taxes for Ivanka’s clothing company, Trump and Kushner will benefit from a provision that particularly impacts those working in commercial real estate, where both President Donald Trump and Kushner have built their careers. The Republican bill lowers taxes on “pass-through income,” or money earned through partnerships or groups that is then passed on to the owner and taxed at the individual tax rate. As The New York Times reported, Kushner stands to benefit dramatically from this cut because he owns properties through “limited liability companies [LLCs] and other similar vehicles.” Over the weekend, as lawmakers clambered to gain necessary support for the bill, a last minute provision was added that could further benefit Kushner and Trump by allowing companies with no employees to deduct a percentage of their pass-through income (both Kushner and Trump have LLCs that could qualify).

    In addition to likely increases in Ivanka’s and Kushner’s business earnings, both stand to gain from changes to the estate tax, which is a tax on the transfer of wealth from a deceased person. Members of extremely rich families, like Ivanka and Kushner, stand to benefit from the bill’s doubling of the amount of money that super-rich families can pass along tax-free.

    Despite the clear financial advantages of the GOP’s tax bill for Ivanka and her family, the hosts of Fox & Friends failed to question whether her support for the bill is impacted by the benefits she stands to gain. From the December 18 edition of Fox News’ Fox & Friends:

    BRIAN KILMEADE (CO-HOST): Ivanka Trump has been actually getting her hands dirty through this entire process, talking to lawmakers about the deal, and making sure it comes out. Ivanka Trump welcome back to the couch.

    IVANKA TRUMP: Thank you. I love being here.

    KILMEADE: Is this about -- do you feel as though you're across the finish line?

    TRUMP: So in business until it's done, it's not done. But we feel very, very confident. So the momentum is there. We're very excited. When the vote is done, we'll be done. But we're going to deliver historic tax reforms, and it's going to happen before Christmas. It’s going to be the fulfillment of an enormous campaign promise, and something that's just tremendously important for the American people. We feel it. This is something the people of this country want. They want simplification. They want a tax code that they can understand. They want lower corporate taxes and understand the benefit if the companies they work for can invest in their workforces, invest in new equipment, and ultimately lead to wage growth. And I think what we've done on the individual side by doubling the standard deduction, by doubling the child tax credit and increasing refundability to $2,000 a child. By creating a dependent care tax credit for those in -- for those many Americans who take care of adult dependents who aren't children, who are above the age of 18, but who are still dependent on them.

    STEVE DOOCY (CO-HOST): There are so many people this benefits. You would think that there would be some Democrats who would say you know what? I'm for tax cuts for the middle class. I'm for helping small businesses. Why aren't there any Democrats?

    TRUMP: One would think that and there are a lot of Democrats and they're all across this country. So the voters --

    DOOCY: But what about the ones in the Senate?

    TRUMP: Well, we've had a lot of very productive conversations with Democrats who I believe are intellectually there. Their hearts are there but the party is not there and the leadership's not there.

    KILMEADE: Leadership's not letting them.

    TRUMP: And that is unfortunate. But I'm hopeful with this really enormous and historic win for the American people, we come into 2018 with such tremendous momentum that we galvanize support and cohesion -- not only within the party because I think one of the amazing things is how the party has come together, worked together to accomplish with what they know the American people want.

    AINSLEY EARHARDT (CO-HOST): Ivanka, we keep hearing [Senate Minority Leader] Chuck Schumer [(D-NY)] and [House Minority Leader] Nancy Pelosi [(D-CA)], we had some guests on this morning, they keep saying it's going to hurt the middle class. But when you look at the tax brackets, everyone's numbers go down. Where are they getting that? Is that just a sound bite, a narrative that they want you to believe? Or is it actually true?

    TRUMP: Well, keep in mind that the vast majority of Congress in advance -- of Democrats -- signed a letter in advance of knowing what was in the tax bill saying that they wouldn't be for tax reform.

    EARHARDT: Before they read it.

    TRUMP: Before they read it and before any of the details, even the principles, had been released. So I think we are in a very partisan climate, in that regard. But the core principles of tax reform, the president and all of Congress has been very, very articulate of since day one. The president said that he wanted to deliver middle income tax relief. Targeted middle income tax relief, and he also wanted to cut corporate rates to enable our businesses to be competitive and to thrive in a global economy. And this bill does exactly those things.

    KILMEADE: I mean, [President Ronald] Reagan went from 50 to 28 [percent], that was substantial. You go down 2 [percent], and they are saying this is tax cuts for the rich. But possibly the thing that's going to be the most outstanding about this and it's permanent is the corporate tax rate. So it goes from 35 to 21 [percent]. Now, if these CEOs and these corporations decide to invest in their own dividends and buy their own stock, that would not make it an effective corporate tax cut. It will make make all those naysayers say I told you so. Have you reached out to any of these CEOs and said what do you plan on doing with the tax break? And even though you can't make them do anything, do you let them know what is at stake if they don't?

    TRUMP: One hundred percent. And we've been working very, very closely with the whole business community. Businesses large and small. So from day one, their voices have been represented at the table. If you think about it, small businesses will have the lowest taxes since 1931. So think about how that gives them the latitude to be able to invest in growth. So, when you look at the developed world, the reality is that over the decades that have passed since the last major comprehensive tax reform under Reagan, the rest of the world realized that cutting taxes enabled them to be competitive and their rates dropped dramatically below ours. So this puts us on par or below. It's going to enable us to be competitive, and then it's going to enable these big companies and small companies to grow. And when you grow, you create jobs, you create wage growth, and we're seeing that. And that combined with the administration's aggressive deregulatory actions is really fueling tremendous growth.

    DOOCY: The one-two punch.

  • ABC report on Ivanka Trump misstates Trump's position on LGBTQ equality

    Blog ››› ››› RACHEL PERCELAY

    In an article about Ivanka Trump’s tweets wishing her followers a “joyful” Pride month, ABC News failed to fact-check President Donald Trump’s frequent claims that he’s a supporter of LGBTQ equality, despite overwhelming evidence to the contrary. The article also uncritically parroted a Trump talking point attempting to smear then-Democratic presidential candidate Hillary Clinton as less of a friend to LGBTQ people.  

    On June 1 -- the start of LGBTQ Pride month -- first daughter Ivanka Trump tweeted that she was “proud to support” her “LGBTQ friends” and wished her followers a “joyful #Pride2017.” The tweets prompted heavy criticism from LGBTQ advocates on Twitter, who pointed out that her message contradicts the anti-LGBTQ actions of the Trump administration. Trump has long opposed same-sex marriage, and in early 2016 he said he would “strongly consider” appointing Supreme Court justices who would overturn marriage equality. On the campaign trail, he repeatedly surrounded himself with anti-LGBTQ extremists and hate group leaders. Since being sworn into office, the Trump administration has rolled back Obama-era guidance protecting transgender students from nondiscrimination, issued an anti-LGBTQ “religious freedom” executive order that was initially pushed by hate groups, and sent an anti-LGBTQ hate group to represent the U.S. at the annual session of United Nations’ Commission on the Status of Women.

    In a June 2 article about Ivanka’s tweets, ABC News described Trump’s attempt to position himself as a “friend” to the LGBTQ community without any mention of his administration’s anti-LGBTQ actions or assocation with anti-LGBTQ extremists. Throughout the Trump campaign, journalists -- including ABC’s Jonathan Karl -- repeatedly ran with baseless claims that Trump is an advocate for the LGBTQ community.  

    The report also uncritically parroted Trump’s attempt to smear Clinton by scandalizing donations to the Clinton Foundation from countries with anti-LGBTQ policies, saying that “they kill gays in these countries … who's better for the gay community or for women than Donald Trump.” ABC failed to point out that Trump himself has financial ties to the same countries. Trump’s talking point about the Clinton Foundation was heavily pushed by Fox News host and conspiracy theorist Sean Hannity. The article also neglected to mention that Trump has yet to issue a declaration recognizing LGBTQ Pride month.

    From the June 2 ABC News article:

    After being silent on social media for a few days, first daughter Ivanka Trump emerged on Twitter Thursday night following the conclusion of the Jewish holiday of Shavuot, to wish her followers a "joyful" Pride month.

    "Logging back on after Shavuot, wishing everyone a joyful #Pride2017," she tweeted. "This month we celebrate and honor the #LGBTQ community."

    A subsequent tweet read, "I am proud to support my LGBTQ friends and the LGBTQ Americans who have made immense contributions to our society and economy."

    [...]

    During the presidential campaign, Donald Trump positioned himself as a friend of the LGBTQ community.

    At a rally in June in Dallas, Trump said the "LGBT community is starting to like Donald Trump very, very much lately," and claimed that his then-Democratic rival, Hillary Clinton, accepted donations from Middle East countries, which oppress LGBT citizens and women.

    "As far as gays are concerned they throw them off buildings," Trump said. "They kill gays in these countries. So you tell me who's better for the gay community or for women than Donald Trump."