Watching the Republican tax plan race through Congress, one is reminded of a big apparent difference between President Trump’s program and other populist movements in the Western world. In the United States, Trump is leading something that is best described as plutocratic populism, a mixture of traditional populist causes with extreme libertarian ones. Congress’s own think tanks — the Joint Committee on Taxation and the Congressional Budget Office — calculate that in 10 years, people making between $50,000 and $75,000 (around the median income in the United States) would effectively pay a whopping $4 billion more in taxes, while people making
I agree with #1. It is obvious the dems and establishment do not understand Trump or his supporters. That is good news, right now it looks like a lot of the establishment are once again going to be shocked and deranged by the results of the coming elections.
As usual he looks at one set of numbers and draws a massive conclusion without explaining the underlying info. I would be lumped into his median income group saying I would pay more. In my personal circumstances I will be better off with an increased standard deduction rather than a litany of deductions. Where are these median income people who will be paying more taxes? This comes to $400Million per year over the 10 years. How many taxpayers are impacted? 1 million? 10 million? Are those in blue states (NY, NJ, CA, etc) more unevenly impacted due to high taxes? Will those in lower tax states better off? The article is woefully short on information.
As I recall it, way back in 1998 or thereabouts I first proposed reforming the federal income tax system such that the Democrats had their taxes increased, and the Republicans had their taxes decreased.
Maybe Trump´s people can read a CBO report better than Fareed Zakaria. If you look at page 10 of the linked document, you can see that the numbers he is referring to are only for the year 2027. For the year 2021 the numbers are $19.47 billion savings for the middle class segment and $28.69 billion savings for the top income segment.
Of course, the fact that they do these projections out 10 years based on tax increases 8+ years in the future, that we all know will not happen, is a joke. You only have to look at the projections for ObamaCare to see that.
What Trump´s base know is that projections that the media likes to quote are useless. They are wrong, incomplete, biased, and messed up.
An example. One of these projections say medical costs will rise for lower income people because they, freed from the BOCare mandate, will CHOOSE not to buy health care, and somehow that will increase their costs.
There is no way to really know what will happen or the financial impact. It´s all guesswork, just like the original BOCare "projections were, and were TOTALLY wrong.
The tax bill tries to get government off the backs of the people and free the economy from absurd levels of tax. It´s the right thing to do and is likely to be effective. How much exactly is anyone´s guess.
So spin your numbers Fareed. They are worthless as is your "reporting".
One of the more obvious things about the Trump economy is how much better it is than the Obama economy. Yet incredibly, President Obama, as if jealously looking on at this night-and-day difference, is trying to claim credit for it. From the Washington Times: Former President Barack Obama is taking credit for the robust economic growth that is taking place under President Trump. At a conference of mayors in Chicago, Mr. Obama congratulated himself Tuesday for strong employment numbers in the U.S. this year, saying his climate-change policies have contributed to growth.
Jerry Brown is at it again. Blaming Californians for the devastating series of California wildfires month, he went Full Moonbeam and declared the problem a function of global warming, calling it a new normal about which nothing is to be done. As if wildfires that sweep away homes in California´s unique Mediteranean microclimates have never happened before this past week. Compare and contrast to President Trump´s gracious tweet on the matter, which was the classy thing to say: Our thoughts and prayers are with everyone in the path of California’s wildfires. I encourage everyone to heed the advice and orders of local and state
Since its inception in 1994, the Vanity Fair Oscar party, long hosted by Editor-in-Chief Graydon Carter, has become the must-attend bash for Hollywood A-listers. Everyone who’s anyone poses on the red carpet: The night’s big winners inevitably stop by before or after hitting their own studio-hosted affairs; and stars not attending the awards ceremony show up here to watch it on big-screen televisions. The only other annual party that’s as star-studded is the Met Gala in Manhattan. In 2018, those two events could look more similar than ever, as tongues are wagging that Anna Wintour — editor-in-chief of Vogue, editorial
LOS ANGELES – A flare-up on the western edge of Southern California´s largest and most destructive wildfire sent residents fleeing Sunday, as wind-fanned flames churned through canyons and down hillsides toward coastal towns. Crews with help from water-dropping aircraft saved several homes as unpredictable gusts sent the blaze churning deeper into foothill areas northwest of Los Angeles that haven´t burned in decades. New evacuations were ordered in Carpinteria, a seaside city in Santa Barbara County that has been under fire threat for days. "The winds are kind of squirrely right now," said county fire spokesman Mike Eliason. "Some places the smoke is
After more than a decade of studying wildfires, San Diego County took its final exams last week. Did we pass? Authorities say the region is far better equipped to handle swift, wind-whipped flames than it was during the firestorms of 2007 and ’03. “We’re about $460 million more prepared,” Supervisor Dianne Jacob said Friday, “both on the ground and in the air.” Officials cited better communication between fire agencies; more fire engines and air tankers on the front lines, day and night; and better tracking of the flames. Despite these advances, the Lilac Fire’s first 24 hours consumed 4,100 acres
Amnesty International, the sanctimonious purported human rights group that champions halting the death penalty, has been caught taking $160,000 from George Soros´s Open Society Foundation to promote...abortion, in contravention of Irish law. File under "unclear on the concept" in championing the value of human life. It´s hard to say which player in this drama here is most loathsome. Soros is appalling just for his uni-world vision with rotted out values, from pot legalization to releasing predators out on the streets from prisons to coercive, anything-goes redefinitions of family. He calls himself a "stateless statesman" and sees that as his license
Update (1:30 p.m.) - California Governor Jerry Brown says deadly and destructive wildfires in winter are "the new normal." Brown on Saturday toured Ventura County neighborhoods ravaged by a weeklong wildfire that killed at least one person and destroyed hundreds of homes and other buildings. At a news conference, Brown said drought and climate change mean California faces a "new reality" where lives and property are continually threatened by fire, at a cost of billions of dollars. He added that gusty winds and low humidity are continuing and warned that there´s a good chance of seeing "firefighting at Christmas." He also said: "With climate
On Tuesday, Democrat Doug Jones pulled off a stunning victory over Republican Roy Moore in Alabama. The race went down to the wire, but the Democrat prevailed. Here are five things to know about why Jones won, why Moore lost, and what it means for the future of the U.S. Senate and both parties. 1. Character matters. According to NBC News exit polls, 49 percent of Alabama voters thought the sexual assault accusations against Roy Moore were "definitely" or "probably" true. Republicans and Democrats split on partisan lines — a whopping 82 percent of Republicans said the allegations were "probably" or "definitely" false,
DEVELOPING…Democrat Doug Jones has defeated Roy Moore in Alabama’s Senate election, according to a projection from the Fox News Decision Desk.ORIGINAL STORY…The hard-fought Alabama Senate race between Republican Roy Moore and Democrat Doug Jones remains too close to call, though a Fox News voter analysis shows the Democratic nominee enjoying a lead over his GOP rival. Jones’ competitiveness is a remarkable development in a deep red state that reflects just how badly Moore has been hurt by a sex scandal. But the race is still fluid. With 87 percent of precincts reporting, Jones and Moore both had 49.2 percent, according to
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” co-host Mika Brzezinski argued President Trump’s tweet about Senator Kirsten Gillibrand (D-NY) constitutes sexual harassment and that people who work around the president and don’t try to get him to delete the tweet don’t care about the country or women. Brzezinski said, “I just want to say something, beyond the fact that it is reprehensible that the president of the United States would say something so derogatory and disgusting about a woman, we’re not surprised, Mr. President. You do it all the time. You treat women terribly, and you treat the women around
Franken announced last Thursday that he would be resigning “in the coming weeks” after eight different women accused him of groping or forcibly kissing them. “The timing of Franken’s resignation remains unclear, as is his motive in delaying it,” New York Magazine’s Ed Kilgore noted at the time. Franken has yet to offer any more specificity about when he’s going to follow through in resigning. Franken’s office did not return multiple requests for comment on the subject. Franken begrudgingly offered his resignation after 35 Democratic senators called on him to do so, three weeks after he was first accused
President Trump attacked Sen. Kirsten Gillibrand (D-N.Y.) in a sexually suggestive tweet Tuesday morning that implied Gillibrand would do just about anything for money, prompting a swift and immediate backlash. “Lightweight Senator Kirsten Gillibrand, a total flunky for Charles E. Schumer and someone who would come to my office ´begging´ for campaign contributions not so long ago (and would do anything for them), is now in the ring fighting against Trump,” the president wrote. “Very disloyal to Bill & Crooked-USED!”
Margaret Thatcher was born one. So were predecessor Prime Ministers Benjamin Disraeli and William E. Gladstone. Diana, the princess of Wales, too. Also William Pitt, who presided over the British victory in the French and Indian War and lent his name to Pittsburgh. And, according to some university authorities four decades ago, me as well. We were all born commoners. But — despite what newspapers, websites and television stations on both sides of the Atlantic have reported with wonder and wild-eyed delight — Meghan Markle, the actor who is to marry Prince Harry, is not a commoner. She’s an American, and
Sen. Elizabeth Warren (D-MA) faced criticism for saying that President Donald Trump “slut-shamed” Sen. Kirsten Gillibrand (D-NY) with a non-sexual insult, Tuesday. After President Donald Trump made a post on Twitter claiming that Sen. Gillibrand “would do anything” for campaign contributions, Sen. Warren made her own post accusing Trump of “slut-shaming.” “Are you really trying to bully, intimidate and slut-shame @SenGillibrand?” asked Sen. Warren in her post. “Do you know who you’re picking a fight with? Good luck with that, @realDonaldTrump. Nevertheless, #shepersisted.” Are you really trying to bully, intimidate and slut-shame @SenGillibrand? Do you know who you´re picking a fight with? Good