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Keyword: taxcutsandjobsact

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  • Mike Bloomberg keeps talking to allies about running for president as Joe Biden struggles

    10/14/2019 11:22:13 AM PDT · by Hojczyk · 30 replies
    CNBC ^ | Octoer 14,2019 | Brian Schwartz
    Mike Bloomberg has indicated to associates in recent weeks that Joe Biden’s recent struggles are making him rethink his decision to stay out of the 2020 Democratic primary, according to people familiar with the discussions. “Bloomberg is in if Biden is out,” says one source. Biden has not indicated any desire to drop out any time soon. Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not, as he has been one of her biggest critics on the Democratic side. “I think it’s something he wants. He has not been shy about that,” one of...
  • Trump says Chinese demand after 'greatest deal ever made' may overwhelm US farmers

    10/12/2019 10:32:07 AM PDT · by 2ndDivisionVet · 71 replies
    Fox Business News ^ | October 12, 2019 | Megan Henney
    President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning. As part of the deal -- which Trump and President Xi Jinping could sign as soon as next month -- China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent. It’s still unclear whether Trump plans to halt another...
  • What’s a Wealth Tax Worth? Warren and Sanders’s plans to pilfer savings would hurt investment

    10/14/2019 5:51:11 AM PDT · by karpov · 27 replies
    Wall Street Journal ^ | October 13, 2019 | Andy Kessler
    Why do liberals think rich people have money just lying around, like Scrooge McDuck swimming in a giant pool of gold coins? That’s the myth behind plans to tax Americans’ wealth, as Sens. Elizabeth Warren and Bernie Sanders both propose. Ms. Warren wants an annual asset tax of 2% on households worth more than $50 million, and 3% if you’re worth more than $1 billion. Mr. Sanders would tax “extreme wealth” starting at 1% on households worth $32 million and topping out at 8% on those worth $10 billion or more. Whereas the Soviets confiscated wealth virtually overnight, at least...
  • Free Trader Paul Krugman Admits Failure of Globalization for American Workers: ‘Major Mistake’

    10/14/2019 6:18:09 AM PDT · by Mr. Mojo · 67 replies
    Breitbart ^ | 13 Oct 2019 | JOHN BINDER
    Economist Paul Krugman, the longtime defender of global free trade and a member of the failed “Never Trump” movement, now admits that globalization has failed American workers. In a column for Bloomberg titled “What Economists (Including Me) Got Wrong About Globalization,” Krugman admits that the economic consensus for free trade that has prevailed for decades has failed to recognize how globalization has skyrocketed inequality for America’s working and middle class workers. Krugman, though, writes that he and his fellow free trade economists “had no way to know” that globalization of the American economy or a surge in trade deficits “were...
  • Trump Wins Every Democratic Debate: Voters will be convinced to vote for him by seeing his opponents

    10/14/2019 5:40:16 AM PDT · by billorites · 13 replies
    Wall Street Journal ^ | October 14, 2019 | Bobby Jindal
    The Republican National Committee should offer to be the official sponsor of a weekly Democratic presidential debate. There would be no better advertisement for President Trump’s re-election. Every time the Democratic presidential contenders gather together, it’s a contest between the merely delusional, the vaguely vindictive and the patently absurd. There are funny moments, like when Andrew Yang risked the ire of the political-correctness police and told us, “I am Asian, so I know a lot of doctors.” There are substantive moments, like when former Vice President Joe Biden reversed himself on China, apparently now agreeing with Mr. Trump that intellectual-property...
  • Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks

    10/14/2019 6:36:50 AM PDT · by RummyChick · 54 replies
    CNBC ^ | 10/14/2019 | block
    Presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump’s tax cuts for businesses and return the corporate tax rate to 35% from its current 21%. The Corporate Accountability and Democracy Plan would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens. Other highlights: “Democratize Corporate Boards. Under this plan, 45% of the board of directors in any large corporation with at least $100 million in annual revenue, corporations with at least $100 million in balance sheet total, and all publicly traded companies will...
  • A $600 fill-up?

    10/12/2019 7:28:54 AM PDT · by RightGeek · 77 replies
    American Thinker ^ | 10/12/2019 | John Eidson
    When Democrats say America must “do something” about global warming, they never fully explain what that “something” is. Instead, they talk in nebulous terms about “cutting back” on the use of fossil fuels. There’s a reason they obfuscate. If voters find out what they have in mind, they’ll be routed in 2020, and they know it. Having embraced the extreme “do something” plan known as the Green New Deal, Democrats have an nasty surprise in store for voters who haven’t looked beneath the lipstick and mascara that’s being troweled on in pancake-thick layers to conceal the linchpin of their plan...
  • Warren Buffett’s Charities Are Making Him Richer by Funding Shady Attacks on Berkshire.. Competitors

    09/17/2019 10:34:15 PM PDT · by george76 · 10 replies
    PJ Media ^ | SEPTEMBER 16, 2019 | DREW JOHNSON
    last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer. ... Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line. In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings. ... In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation.. ... Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It...
  • Cuomo Signs a Bill to Allow Release of Trump’s State Tax Returns

    07/08/2019 8:55:08 AM PDT · by MrRelevant · 37 replies
    Fake news outlet ^ | 7/8/2019 | Fake news man
    As the battle over President Trump’s federal taxes intensifies in Washington, Gov. Andrew M. Cuomo of New York signed a bill on Monday to allow congressional committees to access the president’s state tax returns. The bill requires state tax officials to release the president’s state returns for any “specified and legitimate legislative purpose” on the request of the chair of one of three congressional committees: the House Ways and Means Committee, the Senate Finance Committee and the Joint Committee on Taxation.
  • Blue collar voters fear the Democrats have abandoned them

    10/05/2019 7:02:09 PM PDT · by Hojczyk · 52 replies
    New York Post ^ | October 5,2019 | Salena Zito
    This cohort leans Republican now more than ever; a Gallup poll this year shows they favor the GOP by a whopping 25 percentage points. It was as if the Democratic Party didn’t understand how much they needed labor. Oddly, it appears they still don’t. “The working-class voters in my county tend to wonder if the party still wants them,” says Mark Hackel, the Democratic chief executive of Macomb County, Mich., where voters favored Trump over Clinton by 11 percentage points. “They’re not really sure where they fit in.” Mike Mikus, a Democratic strategist who helped guide Pennsylvania Gov. Tom Wolf’s...
  • Americans fear climate change - and the cost of figuring it out (only 11.29 years left)

    10/05/2019 11:12:15 PM PDT · by Libloather · 40 replies
    Newsday ^ | 10/05/19 | Noah Smith
    Although the wealthy can and should be expected to make larger sacrifices than the middle class, it's vanishingly unlikely that any plan serious enough to slow global warming will leave the bulk of Americans financially untouched. But if Americans are going to be asked to engage in a war on climate change, they should understand the material and economic sacrifices that will be required of them. The best way to do this is to look at an ambitious, well-crafted climate plan like the one put forward by Washington Governor Jay Inslee. **SNIP** Much of this could be financed with taxes...
  • Unemployment Rate Falls to Lowest Level Since 1948, U.S. Adds 136K in September (Unexepectedly)

    10/04/2019 6:07:14 AM PDT · by abb · 37 replies
    Peoples Pundit Daily ^ | October 4, 2019 | Staff
    Black, Hispanic Unemployment Rates at All-Time Lows The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000. The unemployment rate for black (5.5%) and Hispanic (3.9%) workers are at record lows. Forecasters were expecting a low of 120,000 to a high of 179,000. The consensus forecast was 145,000. However, the U.S. economy added more than 40,000 jobs than the last two jobs reports indicated. The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline. The employment-population ratio, though...
  • Castro releases plan to raise taxes on the rich, provide relief to low and middle class

    08/15/2019 9:28:01 AM PDT · by yesthatjallen · 22 replies
    The Hill ^ | 08/15/19 | Naomi Jagoda
    Democratic presidential candidate Julián Castro on Thursday released an economic plan that includes higher taxes on the wealthy and tax relief for low- and middle-class people. The rollout of Castro's economic plan comes as the former Housing and Urban Development secretary is trying to qualify for September’s third round of Democratic presidential debates in Houston. Castro needs to reach 2 percent in one more poll in order to qualify. Castro said on a call with reporters from the early voting state of Iowa that he’s confident he’ll make the debate stage next month, saying he’s been spending time in early...
  • Finnish president uses White House press conference to troll Donald Trump over trade and the...

    10/02/2019 2:58:40 PM PDT · by RummyChick · 27 replies
    dm ^ | 10/2/2019 | martosko
    President Sauli Niinistö of Finland played a passive-aggressive game with Donald Trump on Wednesday at the White House, peppering a joint press conference with jabs subtle enough to fly under his radar. Trump, preoccupied with spitting nails over House Democrats' latest impeachment development, hardly seemed to notice. Niinistö described his time browsing Washington's sprawling museums, noting the Smithsonian Institution's traditionalist American history collection and a ceremony he witnessed at Arlington National Cemetary. He also heaped praise on the National Museum of the American Indian and the still new-ish National Museum of African American History and Culture, spotlighting racial diversity and...
  • Dow loses nearly 500 points on fears that US economy is weakening

    10/02/2019 3:05:29 PM PDT · by Berlin_Freeper · 47 replies
    nypost.com ^ | October 2, 2019 | Kevin Dugan
    Stocks got slammed for the second day in a row on Wednesday after weak payroll numbers stoked fears that President Trump’s trade wars were slowing down the US economy. The Dow Jones Industrial Average dropped by nearly 600 points, to a low of 25,974.12, after data from ADP showed that private US employers had hired fewer workers than expected. The Dow ended the day down 494.42 points, or 1.9 percent, to 26,078.62. The report, a precursor to the Labor Department’s more comprehensive jobs report due Friday, followed dismal numbers on US manufacturing Tuesday that showed activity was at its lowest...
  • IRS: Sorry, but It’s Just Easier and Cheaper to Audit the Poor

    10/02/2019 1:31:15 PM PDT · by Red Badger · 59 replies
    www.propublica.org ^ | by Paul Kiel Oct. 2, 2:47 p.m. EDT
    Congress asked the IRS to report on why it audits the poor more than the affluent. Its response is that it doesn’t have enough money and people to audit the wealthy properly. So it’s not going to. ================================================================ he IRS audits the working poor at about the same rate as the wealthiest 1%. Now, in response to questions from a U.S. senator, the IRS has acknowledged that’s true but professes it can’t change anything unless it is given more money. ProPublica reported the disproportionate audit focus on lower-income families in April. Lawmakers confronted IRS Commissioner Charles Rettig about the emphasis,...
  • Query for Pelosi: Will Dems' impeachment frenzy crash markets, IRAs, pension funds?

    10/02/2019 12:32:20 PM PDT · by rintintin · 35 replies
    October 2, 2019 | rintintin
    Will people have to postpone - or cancel - retirement? Why is Pelosi not being asked this question?
  • Three Years On, China’s Yuan Still Can’t Touch the Dollar’s Reserve Currency Status

    10/02/2019 9:08:17 AM PDT · by SeekAndFind · 4 replies
    Fisher Investments ^ | 10/02/2019 | Fisher Investments Editorial Staff
    Three years ago today, the IMF added China’s yuan to the basket of currencies underpinning its Special Drawing Rights (SDR)—its proprietary reserve accounting unit and means of extending credit to countries in need. At the time, the IMF touted it as “an important milestone in the integration of the Chinese economy into the global financial system.” Many investors took a less benign view, seeing the IMF’s move as threatening to end the dollar’s status as the world’s leading reserve currency—sending interest rates spiking and rendering US debt unaffordable. That was always a false fear, in our view, as the...
  • ADP-Moody's: U.S. added 135,000 jobs in September [WINNING!]

    10/02/2019 9:22:44 AM PDT · by Red Badger · 9 replies
    UPI ^ | Oct. 2, 2019 / 10:17 AM | By Clyde Hughes
    Oct. 2 (UPI) -- Private-sector hiring increased by approximately 135,000 jobs in September, beating projections but indicating a slowing in growth, a report by ADP Research in collaboration with Moody's Analytics said Wednesday. Analysts said the number and three-month average is down from this point last year, suggesting that U.S. job expansion is losing steam. The report comes ahead of employment figures that will be released in the Employment Situation Summary by the Bureau of Labor Statistics on Friday. Economists interviewed by Dow Jones had anticipated 125,000 hires in September, but both numbers are down from the 157,000 hired in...
  • Alexandria Ocasio-Cortez Defends Bernie Sanders: ‘No Person Should Have a Billion Dollars’

    10/02/2019 10:26:32 AM PDT · by chief lee runamok · 63 replies
    breitbart ^ | 10/02/2019 | Hannah Bleau
    Rep. Alexandria Ocasio-Cortez (D-NY) defended socialist Sen. Bernie Sanders’ (I-VT) proclamation that “billionaires should not exist,” clarifying his remarks by adding, “No person should have a billion dollars.”