The Trump Presidency
- Thread starter The Tariff King
- Start date
Toxic environment, although I do think she was not actually intending it that way. I just think we need to hold people accountable in these positions to how their words can be interpreted. Just like how Trump can't manage to say two words without somehow putting his foot in his mouth.
sturg33
I
But don't you support higher taxes?
Jaw
It's OVER 5,000!
https://www.axios.com/million-dollar-bracket-in-the-works-for-gop-tax-plan-2499930587.html
The Republicans on the House Ways and Means Committee — engaged in a high-pressure, high-stakes tax policy rewrite — are currently exploring not cutting the income tax rate for people who earn $1 million or more per year.
Right now, the marginal tax rate for anyone who makes $418,000 or more per year is 39.6 percent. The Republicans' opening gambit — secretly negotiated for months, and endorsed by Trump — would have cut the highest tax rate to 35 percent.
But now, House Republicans' thinking has changed. Under their current thinking, people who earn between $418,000 and $999,999 will be in a lower tax bracket. But those earning $1 million or more will not.
Opting to keep taxing million-dollar-earners at the current 39.6 percent-rate will help stem the deficit increase from tax cuts for corporations and the middle class.
Caveat: The million dollar bracket plans haven't been finalized and could change this week, as committee Republicans finalize their tax bill during meetings on Tuesday and Wednesday.
Potential blowback: If the Committee Republicans ultimately decide not to cut the income tax rate for million-dollar-earners, much of the Republican donor class and Reaganomics community (including anti-tax activist Grover Norquist) will feel betrayed.
The Republicans on the House Ways and Means Committee — engaged in a high-pressure, high-stakes tax policy rewrite — are currently exploring not cutting the income tax rate for people who earn $1 million or more per year.
Right now, the marginal tax rate for anyone who makes $418,000 or more per year is 39.6 percent. The Republicans' opening gambit — secretly negotiated for months, and endorsed by Trump — would have cut the highest tax rate to 35 percent.
But now, House Republicans' thinking has changed. Under their current thinking, people who earn between $418,000 and $999,999 will be in a lower tax bracket. But those earning $1 million or more will not.
Opting to keep taxing million-dollar-earners at the current 39.6 percent-rate will help stem the deficit increase from tax cuts for corporations and the middle class.
Caveat: The million dollar bracket plans haven't been finalized and could change this week, as committee Republicans finalize their tax bill during meetings on Tuesday and Wednesday.
Potential blowback: If the Committee Republicans ultimately decide not to cut the income tax rate for million-dollar-earners, much of the Republican donor class and Reaganomics community (including anti-tax activist Grover Norquist) will feel betrayed.
Jaw
It's OVER 5,000!
http://www.politico.com/story/2017/10/23/trump-lindsey-graham-congress-allies-244000
Once a ‘jackass’ and ‘idiot,’ Trump and Graham now pals
Once upon a time, Lindsey Graham called Donald Trump a "jackass." Never to be outdone in the put-down department, Trump labeled the South Carolina senator a "lightweight" and an "idiot" who “seems to me not as bright as Rick Perry.”
Graham is transforming himself from one of Trump’s fiercest critics to his chief congressional translator, talking to the president sometimes multiple times in a day. He insists Trump is “growing into the job” and becoming more somber, a far different figure than who Graham once railed against as a long-shot presidential candidate. A White House official said that Graham’s alliance with Trump “is one of the best we have on the Hill.”
How long this will last is anyone's guess: Graham is known as one of the more blunt-spoken senators, and it might just be a matter of time before he whacks the president and Trump hits back.
But to hear Graham tell it now, what started as a mutual political marriage of convenience has evolved into a friendship defined by backslapping and a shared sense of humor between “two BS artists.” As Trump wavers on whether to support a bipartisan health care deal, Graham has been working to convince Trump to back it — and telling reporters all about their conversations.
And when Trump seeks validation and support from the establishment wing of the GOP, Graham is exactly the type of Republican he needs. This despite Graham once interrupting a roast of other Republicans to issue a dire warning about Trump: “I don’t think he understands what makes America great. And I know I’m supposed to be funny, but I’m not really happy about where the country is right now.”
But now Graham says Trump's assembled the best national security team in 20 years and is “good for the Republican Party.”
“Part of it’s just getting to know each other better. And need. I do better in South Carolina when I’m seen as helping him, ‘cause he’s popular. When I’m helping him, he’s seen as being able to reach out to an old critic,” Graham said.
So a snake in the grass is getting friendly with the bull in the china shop. This should end well.
Once a ‘jackass’ and ‘idiot,’ Trump and Graham now pals
Once upon a time, Lindsey Graham called Donald Trump a "jackass." Never to be outdone in the put-down department, Trump labeled the South Carolina senator a "lightweight" and an "idiot" who “seems to me not as bright as Rick Perry.”
Graham is transforming himself from one of Trump’s fiercest critics to his chief congressional translator, talking to the president sometimes multiple times in a day. He insists Trump is “growing into the job” and becoming more somber, a far different figure than who Graham once railed against as a long-shot presidential candidate. A White House official said that Graham’s alliance with Trump “is one of the best we have on the Hill.”
How long this will last is anyone's guess: Graham is known as one of the more blunt-spoken senators, and it might just be a matter of time before he whacks the president and Trump hits back.
But to hear Graham tell it now, what started as a mutual political marriage of convenience has evolved into a friendship defined by backslapping and a shared sense of humor between “two BS artists.” As Trump wavers on whether to support a bipartisan health care deal, Graham has been working to convince Trump to back it — and telling reporters all about their conversations.
And when Trump seeks validation and support from the establishment wing of the GOP, Graham is exactly the type of Republican he needs. This despite Graham once interrupting a roast of other Republicans to issue a dire warning about Trump: “I don’t think he understands what makes America great. And I know I’m supposed to be funny, but I’m not really happy about where the country is right now.”
But now Graham says Trump's assembled the best national security team in 20 years and is “good for the Republican Party.”
“Part of it’s just getting to know each other better. And need. I do better in South Carolina when I’m seen as helping him, ‘cause he’s popular. When I’m helping him, he’s seen as being able to reach out to an old critic,” Graham said.
So a snake in the grass is getting friendly with the bull in the china shop. This should end well.
Jaw
It's OVER 5,000!
http://www.realclearpolicy.com/arti...tion_efforts_are_driving_market_dynamism.html
Trump's Deregulation Efforts Are Driving Market Dynamism
U.S. stock markets began rising almost immediately after Donald Trump was elected, and have now produced more record highs than at any time in the last 20 years. What accounts for this phenomenal growth? Many economists will attribute the markets’ enthusiasm to the possibility of tax reform that President Trump promised during the campaign. But business-friendly tax reform is at this point only a future possibility; reductions in regulation are happening now — and that’s the key to understanding the market’s dynamism.
....
But the problem of excessive regulation was so severe, and has been such an impediment to economic growth, that the mere slowing of new regulations can stimulate substantial new business confidence, investment, and hiring. And a slowing has occurred since Donald Trump took office.
During the Obama administration, the number of new regulations averaged more than 3,000 per year. Many of them — net neutrality rule from the FCC, the fiduciary rule from the Labor Department, Operation Choke Point led by the Justice Department, and the mortgage rule issued by the Consumer Financial Protection Bureau — reshaped (or threatened to reshape) whole industries. Many other rules from overzealous bank examiners reduced the formation of new small banks to almost zero. These rules also raised the compliance costs of existing banks to such an extent that there were little funds left for lending to the small firms and startups that are the source of most economic growth and new employment in the United States.
All this becomes clear if we look at the Obama administration as a whole. During the eight Obama years, economic growth was slightly less than 2 percent — far below any recovery in the last 60 years.
....
Along comes the Trump administration. In every agency where Trump has nominated the senior policy official, the need for new regulation — and the value of old ones — is being questioned. Both Treasury reports emphasized deregulating the economy through administrative action, which is clearly the most likely route to needed reform.
The business community is recognizing that they can plan for growth without new regulations adding to their costs. That’s why the markets are exuberant. Tax reform, as important as it is, will only be icing on the cake.
Trump's Deregulation Efforts Are Driving Market Dynamism
U.S. stock markets began rising almost immediately after Donald Trump was elected, and have now produced more record highs than at any time in the last 20 years. What accounts for this phenomenal growth? Many economists will attribute the markets’ enthusiasm to the possibility of tax reform that President Trump promised during the campaign. But business-friendly tax reform is at this point only a future possibility; reductions in regulation are happening now — and that’s the key to understanding the market’s dynamism.
....
But the problem of excessive regulation was so severe, and has been such an impediment to economic growth, that the mere slowing of new regulations can stimulate substantial new business confidence, investment, and hiring. And a slowing has occurred since Donald Trump took office.
During the Obama administration, the number of new regulations averaged more than 3,000 per year. Many of them — net neutrality rule from the FCC, the fiduciary rule from the Labor Department, Operation Choke Point led by the Justice Department, and the mortgage rule issued by the Consumer Financial Protection Bureau — reshaped (or threatened to reshape) whole industries. Many other rules from overzealous bank examiners reduced the formation of new small banks to almost zero. These rules also raised the compliance costs of existing banks to such an extent that there were little funds left for lending to the small firms and startups that are the source of most economic growth and new employment in the United States.
All this becomes clear if we look at the Obama administration as a whole. During the eight Obama years, economic growth was slightly less than 2 percent — far below any recovery in the last 60 years.
....
Along comes the Trump administration. In every agency where Trump has nominated the senior policy official, the need for new regulation — and the value of old ones — is being questioned. Both Treasury reports emphasized deregulating the economy through administrative action, which is clearly the most likely route to needed reform.
The business community is recognizing that they can plan for growth without new regulations adding to their costs. That’s why the markets are exuberant. Tax reform, as important as it is, will only be icing on the cake.
sturg33
I
Yep.
The mere fact that the markets don't have to worry about new regulations (forget getting rid of current ones), is reason in and of itself why you're seeing such a surge.
The leftists who don't understand anything about markets can't grasp this, and insist this run is all about Obama - despite the fact that the market is 100% forward looking.
I don't like much of what Trump has done, but his war on regulations is a huge positive, and businesses can not rest assured that they won't have to worry about nonsensical ones getting passed for the next few years
We have been saying this for almost 6 months.
That's fair, but it's not even really my own arbitrary endpoint. They're willing to retain the current tax rate for millionaires, why not just leave that threshold where it is?
goldfly
<B>if my thought dreams could be seen</B>
some nice virginia nazis that in shocking news are supporters of the orange one
https://streamable.com/xik3r
https://streamable.com/xik3r
goldfly
<B>if my thought dreams could be seen</B>
I'm trying to imagine any other presidency where this would happen and the response it would get