A Weekly Dose of President Trump - Trump Family Train (4/23/17 to 4/29/17)

FRiends and Deplorables | April 23, 2017 | DollyCali

[DollyCali]

Welcome all you deplorables to this week's edition of the Dose!
This is EVERYTHING TRUMP.
Administration, family, frustrations, joys, winning!
We welcome your research, your commentary, your personal OT sharing and your presence.
Even if you do not share a lot, just check in and say hi. Lurkers are welcome.

[Jane Long]

I am so sick of these snowflakes and sickos (same diff), as well, sweetie.

[Jane Long]

I’m going to have to look for those (on Amazon).

They are so pretty!!

Post a pic when your plants are taking off on them, please :)

[STARLIT]

Vice President Pence-

And Karen and I were honored to say hello to Hoosier Jitka Nelson, the Teacher of the Year from Indiana. Congratulations!

What a privilege to welcome Teachers of the Year from around the U.S. to the @WhiteHouse w/ @POTUS, @FLOTUS, @SecondLady & @BetsyDeVosED

Honored to be with @POTUS & @BetsyDeVosED as the President signed an Executive Order to help restore local control over education.

[STARLIT]

I sure will.

[STARLIT]

TRUMP 24/7‏ @MichaelDelauzon-

BREAKING NEWS: A Russian Warship collided with a freighter in the Black Sea. 70 rescued, 45 injured. Developing.*********************************************

1 in custody after fires set at Trump International in Las Vegas.

1 in custody after fires set at Trump International in Las Vegas. https://t.co/gLTfOGEAHD pic.twitter.com/Qe6lBMkK7L— TRUMP 24/7 (@MichaelDelauzon) April 27, 2017

Part of the article-A man was taken into custody Wednesday night after arson investigators found devices set to start two separate fires to Trump International.

,h4> The suspected arsonist is facing charges of first-degree arson and burglary, Metropolitan Police Department Lt. Steve Summers said.

[STARLIT]

Yesterday taken at the Annual Teachers Award at the White House.

[stars & stripes forever]

[I really like your idea of putting them on the fence line.]

THAT would be a honeybee and butterfly delight!

[STARLIT]

TRUMP 24/7‏ @MichaelDelauzon-

WATCH: Gary Cohn explain President Trump's tax reform proposals.

WATCH: Gary Cohn explain President Trump's tax reform proposals. https://t.co/EAXAWbTNkr pic.twitter.com/t77aqbABbr— TRUMP 24/7 (@MichaelDelauzon) April 27, 2017

Our President has focused on these three areas.

1. Job Creation

2.Economic Growth.

3.Take care of families that have been left behind.

We're going to cut taxes for businesses and middle to low income families.************

Tax plan brackets---10%-25%-35%...

[STARLIT]

The basic rundown of President Trump's #taxreform plans

[6] Small Business and Corporate Taxes Lowered.

[5] Deductions Protected.

[4] Taxes Eliminated.

[3] Standard Deductions

[2] Only Three Tax Brackets.

[1] President Trump's Tax Reform Goals.

[STARLIT]

FOX Business-

#BreakingNews: There will be a House Rules vote on repealing ObamaCare today.

#BreakingNews: There will be a House Rules vote on repealing ObamaCare today. pic.twitter.com/WqaSPeIOcZ— FOX Business (@FoxBusiness) April 27, 2017

[gubamyster]

I never figured out why that was a desirable benefit, sounds like a giveaway to the lending lobbyists/mortgage industry. Why wouldn't it be better for you to write off the principle?

First of all, the mortgage interest deduction (and property taxes, which will go away in this proposal) is a huge deduction for most people. It can be the difference in purchasing and not purchasing a home. If you are living in an apartment and paying $2,500 - $3,000 or rent you do not get a write off for the rent. However, if you now change your withholdings from 1 to 9 and take that extra tax money each month towards a mortgage, in anticipation of a huge writeoff, you can now afford to purchase a home for about the same as what you are paying in rent.

The purchase of a house stimulates the economy and creates many jobs. From real estate, bankers, escrow, title, contractors, painters, hardware, all the way to landscapers. It is a big jobs creator and is usually a writeoff for many years. Then, when you refinance, pull money out & do improvements, there is more economic stimulation for several more years.

Secondly, nobody gets a deduction for paying principal of any loans – home, car, business. Likewise, when you get the loan, you don’t have to claim the loan funds as income. It is a fundamental accounting principal. The principal part is merely a balance sheet transaction that does not affect income or expense. The lender reduces Cash & increases Accounts Receivable. Both Balance Sheet transactions. The loan recipient increases Cash and increases Accounts Payable, then simultaneously reduces Cash and increases Assets (the home). Again, all balance sheet transactions. The payback of the loan is just a reversal of this process and again, does not affect revenue & expenses.

The mortgage interest is an expense – the cost of using other people’s money. So when you pay interest, the lender records Income and the payer records an Expense. These are Income Statement transactions and where the revenue & expenses takes place. That is why only the interest portion of a loan is a deduction. The bank records income, the payer records an expense.

Now, the doubling of the By the way, the disallowance of property taxes & state taxes in this proposal is going to be a huge deal, especially here in CA where both are big deductions.

[RayofHope]

Morning Granny and all, so much news my head is spinning. Still working with these family matters but will pop-in later today after resolution.

[STARLIT]

FOX Business‏-

Aluminum added to @SecretaryRoss hit list, cites national security.

Aluminum added to @SecretaryRoss hit list, cites national security https://t.co/JgsNDuXQ11— FOX Business (@FoxBusiness) April 27, 2017

Part of the article---Ross noted that there is just one U.S. smelter plant that can produce high-quality aluminum for the defense industry. “It is very, very dangerous to have one [high-quality] supplier of critical material” he noted.

Along with national security concerns, Ross said imports have, in part, crippled the U.S. aluminum industry which has seen at least eight smelter plants either close or dial back production since 2015. The secretary also called out China’s rising dominance of global aluminum market share. Russia and the United Arab Emirates are also big suppliers to the U.S.

[lysie]

Good morning, sis.

[gubamyster]

Sorry, I got distracted 7 hit send to soon:

Now, the doubling of the Standard Deduction will negate some of the mortgage interest writeoff in later years, as the interest will presumably be lower than the Standard Deduction,

[weston]

The new tax plan DOUBLES the standard deduction from 7k to 14k for single. From 14k to 24k for married.

That’s fourteen thousand extra dollars of deductions. That would make up for most middle class people’s property tax and state tax deductions

[DollyCali]

I met Rush in 1988 when he just started his program and was doing a speaking tour. He spoke at Wake Forest University(I was living in Winston Salem , NC at the time).

I was fascinated with him and the place was packed and enthusiastic like a trump rally. He was such a breath of fresh and HONEST air

[STARLIT]

I'm watching Varney and he's talking to a Congressman Mo Brooks- Alabama-He said Vice President Pence talked to him twice yesterday..and the second time our President got on the phone! Our Vice and President are working on the healthcare bill. Doesn't look like Paul Ryan is at the helm to me!

[Lakeside Granny]

Thanks foe posting the education pix, NIKK.

I am so HAPPY that education decisions will be back under local control.

One size fits all federal control was a learning disaster.

Good bye Common Core, wish I never knew ya.

[weston]

Ha! You beat me to it ;0)