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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
NATO

Trump Suggests NATO Members Increase Defense Spending

By
Renae Reints
Renae Reints
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By
Renae Reints
Renae Reints
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July 11, 2018, 2:05 PM ET

President Trump suggested NATO countries double their defense spending goal to 4% of GDP Wednesday, just hours after harshly criticizing Germany for their trade relationship with Russia. Trump has been a longtime critic of NATO spending, arguing that it is unfair the U.S. contributes more than other member states.

“President Trump wants to see our allies share more of the burden and at a very minimum meet their already stated obligation,” said White House press secretary Sarah Huckabee Sanders in a statement.

NATO Secretary General Jens Stoltenberg suggested that the group should be more focused on having all member states reach the current spending goal of 2% of GDP, the Washington Post reports. As of now, only eight of NATO’s 29 member states are on track to reach this goal this year. An increase to 4% of GDP would be a stretch for many nations — even the U.S. spent less than that last year, albeit close at 3.6% of GDP.

Trump’s suggestion is drastic, but not surprising. On his way to the NATO summit, he said the U.S. spending on NATO is “not fair to the U.S. taxpayer,” and other NATO countries should pay more.

Getting ready to leave for Europe. First meeting – NATO. The U.S. is spending many times more than any other country in order to protect them. Not fair to the U.S. taxpayer. On top of that we lose $151 Billion on Trade with the European Union. Charge us big Tariffs (& Barriers)!

— Donald J. Trump (@realDonaldTrump) July 10, 2018

NATO countries must pay MORE, the United States must pay LESS. Very Unfair!

— Donald J. Trump (@realDonaldTrump) July 10, 2018

Stoltenberg commented on Trump’s statements at a news conference, but chose to focus on the positives, Politico reported.

“We do have disagreements,” he said. “But most importantly we have decisions that are pushing the alliance forward and making us stronger.”

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