 Trump’s Plan To Rein In Wall Street? Tax Cuts, No Oversight, Industry Insiders In The White HouseIf there s one thing that unites working class Americans of all political persuasions, it s a hatred of Wall Street. Donald Trump knows this   he campaigned on it in Iowa, in fact, saying  I m really good at that stuff. I know Wall Street. I know the people on Wall Street. We re going to have the greatest negotiators of the world, but at the same time, I m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We re going to tax Wall Street. These days, he s singing a different tune. Instead of taxing them, he s cutting taxes on the rich. Instead of  stopping them from getting away with murder,  they re getting rid of the financial regulations that will stop another recession. And instead of standing up for consumers, he s destroying the agency that has recouped over $10 billion from predatory financial companies.After electorally winning the election (while massively losing the popular vote   1.7 million at the time of this writing and growing), he is openly showing what many of us knew along: He doesn t give a single sh*t about any of his supporters, and he will stab them in the back repeatedly and at length until somebody stops him.Donald Trump never had any intention of raising taxes on  hedge fund guys.  After all, they re in the same class of people he is! Rich, and therefore better than you. Why should they have to pay taxes? Trump doesn t, and thinks it s smart.Trump s administration wants to repeal Dodd-Frank, which is the Wall Street reform and consumer protection package passed after the Great Recession to prevent the need for another bailout at taxpayer expense. Trump thinks, instead, that the banks will do better regulating themselves   much the way they did in the years leading up to the 2007-08 crash. Here s what Trump and the GOP are against:An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end  too big to fail,  to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.And it gets worse.As ThinkProgress reports,Dodd-Frank also created the Consumer Financial Protection Bureau, an agency focused on protecting Americans from predatory and fraudulent bank behavior. It s already recouped more than $10 billion for those who have been targeted by such practices. The CFPB has also written new rules for mortgage lending while extending oversight to some financial firms, such as debt collectors and payday lenders, that had previously gone with little oversight.That s right   Donald Trump wants to get rid of one of the few parts of government that consistently works on behalf of the little guy. They re also targeting seniors:Trump made a campaign promise to impose a moratorium on all new regulations for the financial sector, but he has already targeted existing regulations for immediate dismantling. Trump adviser and hedge fund investor Anthony Scaramucci promised to reverse President Obama s executive action to protect retirees the fiduciary duty rule. It requires all financial advisers to put their clients  interests ahead of their own, rather than being able to steer clients toward more expensive options that make money for themselves. That conflicted advice is estimated to cost retirees $17 billion a year. We ve got to get rid of this,  Scaramucci told the Financial Times, calling it  unnecessary.  He had previously made this pledge while likening the rule to the 1857 Dred Scott Supreme Court decision that denied birthright citizenship to slaves and their descendants.He s giving the banks exactly what they want.In fact, he seems to think that he might need them a little closer to him so that he can really serve them well, because he s actually inviting bank executives to work in his administration   certainly a far cry from his pro-working class messages on the campaign trail. According to Politico, his leading picks for Secretary of the Treasury are a Goldman-Sachs executive and a billionaire investor.The working class Republicans that voted for Trump are some of the people who will be most hurt by the actual policies that the Trump administration wants to put into effect. You get what you vote for, Republicans.Featured image via Spencer Platt/Getty ImagesNews
trump plan to rein in wall street tax cuts no oversight industry insiders in the white house one thing unites working class americans political persuasion hatred wall street donald trump knows campaigned iowa fact saying i really good stuff i know wall street i know people wall street we going greatest negotiators world time i going let wall street get away murder wall street caused tremendous problems us we going tax wall street these days singing different tune instead taxing cutting taxes rich instead stopping getting away murder getting rid financial regulations stop another recession and instead standing consumers destroying agency recorded billion predatory financial electoral winning election massively losing popular vote million time writing growing openly showing many us knew along he give single sh supporters stab back repeatedly length somebody stops trump never intention raising taxes hedge fund guys after class people rich therefore better why pay taxes trump thinks administration wants repeal wall street reform consumer protection package passed great recession prevent need another bailout taxpayer expense trump thinks instead banks better regulating much way years leading crash here trump gop an act promote financial stability united states improving accountability transparency financial system end big fail protect american taxpayer ending bailout protect consumers abusive financial services practices gets thinkprogress reports also created consumer financial protection bureau agency focused protecting americans predatory fraudulent bank behavior it already recorded billion targeted practices the cfb also written new rules mortgage lending extending oversight financial firms debt collectors panda lenders previously gone little right donald trump wants get rid one parts government consistently works behalf little guy they also targeting seniors trump made campaign promise impose moratorium new regulations financial sector already targeted existing regulations immediate dismantling trump adviser hedge fund investor anthony scaramucci promised reverse president obama executive action protect retirees fiduciary duty rule it requires financial advisers put clients interests ahead rather able steer clients toward expensive options make money that conflicted advice estimated cost retirees billion year we got get rid scaramucci told financial times calling unnecessary he previously made pledge linking rule red scott supreme court decision denied birthright citizenship slaves giving banks exactly fact seems think might need little closer really serve well actually inviting bank executives work administration certainly far cry class messages campaign trail according politico leading picks secretary treasury executive billionaire working class republicans voted trump people hurt actual policies trump administration wants put effect you get vote image via spencer imagenes
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  Trump’s Plan To Rein In Wall Street? Tax Cuts, No Oversight, Industry Insiders In The White HouseIf there s one thing that unites working class Americans of all political persuasions, it s a hatred of Wall Street. Donald Trump knows this   he campaigned on it in Iowa, in fact, saying  I m really good at that stuff. I know Wall Street. I know the people on Wall Street. We re going to have the greatest negotiators of the world, but at the same time, I m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We re going to tax Wall Street. These days, he s singing a different tune. Instead of taxing them, he s cutting taxes on the rich. Instead of  stopping them from getting away with murder,  they re getting rid of the financial regulations that will stop another recession. And instead of standing up for consumers, he s destroying the agency that has recouped over $10 billion from predatory financial companies.After electorally winning the election (while massively losing the popular vote   1.7 million at the time of this writing and growing), he is openly showing what many of us knew along: He doesn t give a single sh*t about any of his supporters, and he will stab them in the back repeatedly and at length until somebody stops him.Donald Trump never had any intention of raising taxes on  hedge fund guys.  After all, they re in the same class of people he is! Rich, and therefore better than you. Why should they have to pay taxes? Trump doesn t, and thinks it s smart.Trump s administration wants to repeal Dodd-Frank, which is the Wall Street reform and consumer protection package passed after the Great Recession to prevent the need for another bailout at taxpayer expense. Trump thinks, instead, that the banks will do better regulating themselves   much the way they did in the years leading up to the 2007-08 crash. Here s what Trump and the GOP are against:An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end  too big to fail,  to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.And it gets worse.As ThinkProgress reports,Dodd-Frank also created the Consumer Financial Protection Bureau, an agency focused on protecting Americans from predatory and fraudulent bank behavior. It s already recouped more than $10 billion for those who have been targeted by such practices. The CFPB has also written new rules for mortgage lending while extending oversight to some financial firms, such as debt collectors and payday lenders, that had previously gone with little oversight.That s right   Donald Trump wants to get rid of one of the few parts of government that consistently works on behalf of the little guy. They re also targeting seniors:Trump made a campaign promise to impose a moratorium on all new regulations for the financial sector, but he has already targeted existing regulations for immediate dismantling. Trump adviser and hedge fund investor Anthony Scaramucci promised to reverse President Obama s executive action to protect retirees the fiduciary duty rule. It requires all financial advisers to put their clients  interests ahead of their own, rather than being able to steer clients toward more expensive options that make money for themselves. That conflicted advice is estimated to cost retirees $17 billion a year. We ve got to get rid of this,  Scaramucci told the Financial Times, calling it  unnecessary.  He had previously made this pledge while likening the rule to the 1857 Dred Scott Supreme Court decision that denied birthright citizenship to slaves and their descendants.He s giving the banks exactly what they want.In fact, he seems to think that he might need them a little closer to him so that he can really serve them well, because he s actually inviting bank executives to work in his administration   certainly a far cry from his pro-working class messages on the campaign trail. According to Politico, his leading picks for Secretary of the Treasury are a Goldman-Sachs executive and a billionaire investor.The working class Republicans that voted for Trump are some of the people who will be most hurt by the actual policies that the Trump administration wants to put into effect. You get what you vote for, Republicans.Featured image via Spencer Platt/Getty ImagesNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump plan to rein in wall street tax cuts no oversight industry insiders in the white house one thing unites working class americans political persuasion hatred wall street donald trump knows campaigned iowa fact saying i really good stuff i know wall street i know people wall street we going greatest negotiators world time i going let wall street get away murder wall street caused tremendous problems us we going tax wall street these days singing different tune instead taxing cutting taxes rich instead stopping getting away murder getting rid financial regulations stop another recession and instead standing consumers destroying agency recorded billion predatory financial electoral winning election massively losing popular vote million time writing growing openly showing many us knew along he give single sh supporters stab back repeatedly length somebody stops trump never intention raising taxes hedge fund guys after class people rich therefore better why pay taxes trump thinks administration wants repeal wall street reform consumer protection package passed great recession prevent need another bailout taxpayer expense trump thinks instead banks better regulating much way years leading crash here trump gop an act promote financial stability united states improving accountability transparency financial system end big fail protect american taxpayer ending bailout protect consumers abusive financial services practices gets thinkprogress reports also created consumer financial protection bureau agency focused protecting americans predatory fraudulent bank behavior it already recorded billion targeted practices the cfb also written new rules mortgage lending extending oversight financial firms debt collectors panda lenders previously gone little right donald trump wants get rid one parts government consistently works behalf little guy they also targeting seniors trump made campaign promise impose moratorium new regulations financial sector already targeted existing regulations immediate dismantling trump adviser hedge fund investor anthony scaramucci promised reverse president obama executive action protect retirees fiduciary duty rule it requires financial advisers put clients interests ahead rather able steer clients toward expensive options make money that conflicted advice estimated cost retirees billion year we got get rid scaramucci told financial times calling unnecessary he previously made pledge linking rule red scott supreme court decision denied birthright citizenship slaves giving banks exactly fact seems think might need little closer really serve well actually inviting bank executives work administration certainly far cry class messages campaign trail according politico leading picks secretary treasury executive billionaire working class republicans voted trump people hurt actual policies trump administration wants put effect you get vote image via spencer imagenes