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Keyword: taxreform

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  • New ideas to make Democrats the party of the future

    04/22/2018 9:37:27 AM PDT · by yesthatjallen · 20 replies
    The Hill ^ | 04/22/18 | Winston Fisher and Jim Kessler
    In the latest “believe it or not” moment, farmers are experimenting with collars for cows equipped with GPS and electronic signaling that would eliminate the need for fencing and herding. American farmers spent $300 million last year on fencing. To policymakers concerned about the creation of jobs, did anyone see farm fencing falling to the veracious appetite of disruption? The Republican Party, led by Donald Trump, is unabashedly lurching backwards. The tax bill was straight out of the supply side 1980s. The steel tariffs are from the Smoot-Hawley 1930s. Democrats are, understandably, mostly in opposition mode. But the world is...
  • Ouch! President Trump’s Approval Holds at 50% – Hillary Clinton’s Approval Sinks to 27%

    04/20/2018 7:04:58 AM PDT · by SeekAndFind · 37 replies
    The Gateway Pundit ^ | 04/20/2018 | Jim Hoft
    President Trump’s approval rating held at 50% on Wednesday according to Rasmussen Reports. Barack Obama’s approval rating at the same time in his presidency was at 47%. It’s worse for Hillary Clinton — According to the latest Wall Street Journal-NBC News poll released this week Hillary Clinton’s approval rating is down to 27%. .@HillaryClinton's popularity rating sinks to new all-time low at 27%. – WSJ/NBC News poll — Ryan Saavedra 🇺🇸 (@RealSaavedra) April 18, 2018
  • IMF chief urges policymakers to steer clear of all protectionist measures.......

    04/20/2018 7:13:08 AM PDT · by caww · 11 replies
    Xinhua ^ | 4/20/2018 | Editor: Lifang
    Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on Thursday urged policymakers to steer clear of all protectionist measures amid rising trade tensions between the United States and its major trading partners. "Trade restrictions have not been proven helpful and we suspect that they might even dent confidence," Lagarde said at a press conference during the spring meetings of the IMF and the World Bank, adding all countries should "work together to resolve disagreements without using exceptional measures." The spring meetings of the two leading international financial institutions come after the Trump administration recently announced additional tariffs on...
  • Paul Krugman: The Great Snake Oil Slump (Why Trump's Tax Cuts are a Political Fizzle)

    04/20/2018 7:13:33 AM PDT · by SeekAndFind · 43 replies
    New York Times ^ | 04/20/2018 | Paul Krugman
    Stop me if you’ve heard this before. A G.O.P. presidential candidate loses the popular vote, but somehow ends up in the White House anyway. Despite his dubious legitimacy, his allies in Congress take advantage of his election to ram through a huge tax cut that blows up the budget deficit while disproportionately benefiting the wealthy. While the big bucks go to the big incomes, however, the tax bill does throw some crumbs at the middle class, and Republicans try to sell the bill as a boon to working families. So far this account applies equally to George W. Bush and...
  • Affluent Democrats Aren’t an Obstacle to Economic Populism

    04/20/2018 6:22:55 AM PDT · by Oldeconomybuyer · 10 replies
    New York Magazine ^ | April 20, 2018 | By Eric Levitz
    The Democratic Party has never been more reliant on the support of upper-middle-class voters than it is today. And the economic fortunes of affluent Americans - and those of the typical working-class household - have rarely been more disparate. These twin developments have inspired much commentary about the class tensions beneath Team Blue’s “big tent”. There is little doubt that it would be easier to advance radical economic reform in an America where politics was sharply polarized along class lines, and working people of all races were concentrated in a single partisan coalition. It is absolutely true that a liberal...
  • You Won’t Believe What Tax Reform Will Cost Wealthy Californians In 2019

    04/18/2018 1:52:05 PM PDT · by SeekAndFind · 73 replies
    Hotair ^ | 04/18/2018 | Ed Morrissey
    Lots of people just talk about soaking the rich, but Donald Trump and the GOP actually did it — in California, anyway, although they won’t be alone. The controversial phase-out of the state and local tax deduction (SALT) will drop like a bombshell on high-tax-rate blue states, which is one reason why Democrats so staunchly opposed it. According to an analysis from California’s Franchise Tax Board, the Golden State will be Ground Zero: President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now.They’re...
  • Millionaire’s Taxes Offer Little Bang and Little Buck: Good politics but bad economics.

    04/18/2018 9:36:38 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 04/17/2018 | By JONATHAN WILLIAMS & ROSS MARCHAND
    Soaking the rich is good politics but bad economics. Millions of Americans are beginning to see the fruits of the federal tax overhaul passed in December, with higher take-home pay, bonuses, and a stronger job market. However, these good times could soon end in some left-leaning states that are considering raising their income taxes. New Jersey, Massachusetts, and Maine may soon place surtaxes on “millionaires,” via legislation in the Garden State and ballot measures in the others. To proponents of larger government and greater state-level redistribution, raising rates on “fat cats” is a perfect way to fund more Medicaid and...
  • NPR/PBS NewsHour/Marist Poll: Pushing Impeachment Would Backfire On Democrats In 2018

    04/18/2018 9:00:15 AM PDT · by Oldeconomybuyer · 20 replies
    NPR ^ | April 18, 2018 | by Jessica Taylor
    Pledging to impeach President Trump would backfire on Democrats hoping to take back the House of Representatives this fall, according to a new NPR/PBS NewsHour/Marist poll. The survey finds that 47 percent of registered voters would definitely vote against a candidate who wanted to remove Trump from office, while 42 percent would definitely vote for a candidate who would make such a promise. Forty-seven percent of independent voters - whose opinions could be decisive - also say they would vote against candidates favoring impeachment. Unsurprisingly, impeachment is a non-starter with 84 percent of GOP voters. And Lee Miringoff, the director...
  • Trump's tax cut not for everyone: 1 million Californians will owe $12 billion more next year

    04/17/2018 8:17:02 PM PDT · by BenLurkin · 75 replies
    President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now. They’re the Californians who will lose a collective $12 billion because the new law caps a deduction they have been able to take for paying their state and local taxes, according to a new analysis by the Franchise Tax Board. Very wealthy Californians earning more than $1 million a year will pay the lion’s share of that money, with 43,000 of them paying a combined $9 billion. ... Overall, most Californians should see a...
  • Taxes Don’t Cover America’s Expenses: Entitlement reform the only solution to ballooning debt.

    04/18/2018 9:25:19 AM PDT · by SeekAndFind · 21 replies
    National Review ^ | 04/17/2018 | Michael Tanner
    Yesterday, as most Americans are painfully aware, was “Tax Day,” the last day for filing individual income taxes this year. When the smoke clears, Americans will have paid $1.6 trillion in individual income taxes. And contrary to the populist rhetoric of both the Left and the Right, the vast majority of those taxes will have been paid by the rich. The wealthiest 1 percent of Americans, who earn 16 percent of U.S. income, will pay roughly 43 percent of federal income taxes this year. Of course, income taxes are only one component of federal taxes, and for most Americans, it’s...
  • As Republicans push for second tax vote in Congress, Democrats say 'Let's see'

    04/18/2018 5:58:33 AM PDT · by ChicagoConservative27 · 9 replies
    reuters ^ | 04/17/2018 | Amanda Becker
    WASHINGTON (Reuters) - Republican leaders in the U.S. Congress are moving forward with a plan to vote before the 2018 midterm elections on a bill to make permanent the temporary individual tax cuts in their recent tax overhaul. It is not yet clear, however, if the plan would pick up support from Democrats, whose votes would be needed to pass legislation in the Senate. The Republican tax law, approved in December without Democratic support, permanently cut the top corporate rate to 21 percent from 35 percent and created a permanent deduction for pass-through businesses. It created lower rates and new...
  • How the science of persuasion could change the politics of climate change

    04/16/2018 6:22:34 AM PDT · by Oldeconomybuyer · 49 replies
    MIT Technology Review ^ | April 16, 2018 | by James Temple
    Jerry Taylor believes he can change the minds of conservative climate skeptics. After all, he helped plant the doubts for many in the first place. He’s president of the Niskanen Center, a libertarian-leaning Washington, DC, think tank he founded in 2014. He and his colleagues there are trying to build support for the passage of an aggressive federal carbon tax, through discussions with Washington insiders, with a particular focus on Republican legislators and their staff. Lesson one: Pick the right targets Political scientists consistently find that mass opinion doesn’t drive the policy debate, so much as the other way around....
  • WINNING! Kroger Announces 11,000 New Jobs, Increased Wages, Education Benefits Thanks to Tax Cuts

    04/17/2018 12:05:23 PM PDT · by ethom · 19 replies
    Gateway Pundit/CNBC ^ | April 17, 2018 | Jim Hoft
    Kroger CEO Rodney McMullen announced that the RepublicanÂ’s tax cut has allowed the company to raise wages and invest in its employees. McMullen made the announcement on CNBC. Guy Benson âś” @guypbenson UPDATE: Major Ohio-based grocery chain announces 11,000 new jobs, $500 million in increased wages/benefits to workers & a substantial charitable investment, thanks to tax reform -- which Democrats would like to repeal.https://www.cnbc.com/2018/04/16/kroger-sweetens-employee-benefits-as-it-moves-to-ramp-up-hiring.html Â…
  • Trump's Deregulation Binge Shows No Signs Of Ending

    04/15/2018 8:14:06 AM PDT · by Jim 0216 · 32 replies
    Regulation: While the media-driven scandals du jour roll on, President Trump quietly goes about reshaping the U.S. economy. Case in point: Last week, Trump directed the EPA to cut even more red tape for manufacturers. And he's not done yet. We've heard for years now that "nothing can be done" for manufacturing, it's a lost cause. While it's true automation is an ongoing part of manufacturing, that doesn't mean more jobs can't be created. Quite the contrary. Uniquely among recent presidents, Trump actually has experience running businesses that build and make things. Trump, more than any president since Ronald Reagan,...
  • A staggering 66% of millennials have no clue their tax returns are due in just FOUR DAYS - and...

    04/13/2018 11:53:43 PM PDT · by Morgana · 24 replies
    DAILY MAIL UK ^ | April 13, 2018 | DM reporter
    FULL TITLE: Hope it's not too late! A staggering 66% of millennials have no clue their tax returns are due in just FOUR DAYS - and most are terrified that they will make mistakes when they do file More than half of millenials do not know their tax returns are due in four days—and might thus be in for a rude awakening when tax season ends on April 17. A study of 1,000 millennials sought to uncover just how much they know about filing taxes, and how they feel about the notoriously daunting process. Taxes are due on April 17...
  • Senate confirms NLRB nominee, giving Trump picks control over labor watchdog.......

    04/11/2018 11:30:45 PM PDT · by caww · 7 replies
    Washington Examiner ^ | April 11, 2018 | Sean Higgins
    The Senate voted 50-48 Wednesday to confirm business lawyer John Ring to fill the open seat on the National Labor Relations Board, the federal government's main labor law enforcement agency, "giving the five-member board a majority consisting of President Trump's appointees through at least 2020"..... The board achieved a reputation for pro-union activism during the Obama administration, which the Trump White House and congressional Republicans have been eager to reverse. "Mr. Ring will be a principled and objective voice on the NLRB, and not a rubber stamp to special interests that were in favor during the Obama administration. We commend...
  • Number of people receiving unemployment benefits running at 44-year lows

    04/12/2018 7:07:28 AM PDT · by SeekAndFind · 13 replies
    Washington Examiner ^ | 04/12/2018 | Joseph Lawler
    The number of people receiving unemployment benefits is running at the lowest level in 44 years, the Department of Labor reported Thursday. Altogether, 1.88 million people were receiving jobless benefits at the end of March. That was low enough to sent the monthly average for such claims down to 1.85 million, the lowest such mark since January of 1974, when the total workforce was much smaller. Unemployment benefits are available for up to 26 weeks in most states. During the worst of the recession, as many as 6.5 million workers were getting unemployment insurance. As for new claims for unemployment...
  • Bernie: Hell Yes, We Need to Repeal and Replace the GOP Law With Higher Taxes

    04/11/2018 4:57:39 PM PDT · by Kaslin · 23 replies
    Townhall.com ^ | April 11, 2018 | Guy Benson
    Step one: Scream that the GOP tax reform bill would be a "massive attack" on the middle class.  Step two: Concede that actually yes, nearly all middle income earners would get a tax break under the bill.  Step three: Call for its repeal anyway, effectively demanding a tax increase -- a "massive attack," one might even say -- on middle class Americans and US businesses.  It sounds like Bernie Sanders has picked up the same tax hike hymnal from which Nancy Pelosi was singing last week: Sen. Bernie Sanders, I-Vt., called Monday for the Republican tax law to be repealed...
  • Netflix Accused of Violating U.S. Tax Law in Bonuses to Top Executives

    04/11/2018 9:34:54 AM PDT · by SoFloFreeper · 5 replies
    The Hollywood Reporter ^ | 4/11/18 | Eriq Gardner
    A shareholder sues Netflix board members with the allegation they "rigged the compensation process, guaranteeing Netflix officers huge cash payments while misleading investors into believing that these payments were justified by attainment of real performance goals."
  • Media Fail: Only 23 Percent Believe Stormy Daniels Is Important Issue

    04/11/2018 8:26:21 AM PDT · by Hojczyk · 27 replies
    Breitbart ^ | April 11,2018 | JOHN NOLTE
    Despite weekss of media hype about porn star Stormy Daniels, not only has President Trump’s job approval rating jumped in the latest Quinnipiac poll, but only 23 percent of Americans believe the alleged affair is an important issue. A massive majority of 73 percent say it is not. Even 51 percent of Democrats agree it is not an important issue, along with 79 percent of Independents. Moreover, there is also no notable gender gap on the question.In worse news for the media, although Trump denies the affair, by a margin of 58 – 14 percent they believe do not believe...