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tax cuts

Posted on in News

White House Budget Director Mick Mulvaney Touts Trump’s Deregulatory Agenda At CPAC

White House budget director Mick Mulvaney spoke at the Conservative Political Action Conference on Saturday. He described the economic deregulation being enacted the Trump administration and the sea change taking place in Washington D.C. “The optimism among American business has never been higher,” Mulvaney said. He claimed that the amount of economic progress made by the Trump administration so quickly has been astounding. Two of Mulvaney’s main deregulatory focuses are overturning EPA water-use regulations and clean energy regulations that are restricting economic growth. His Office of Management and Budget is figuring out the best way to dismantle those regulations right… Keep Reading

Posted on in Economics/News

Siemens and The Financial Sector Defend Trump’s Tax Cuts

Siemens CEO Joe Kaeser believes that President Trump’s tax overhaul could bring positive changes to the country, particularly for the job sector. Kaeser asserts that more jobs will be created from the tax cuts due to companies having more money to spend on innovation and expansion. “That’s why I’ve been congratulating the American president for his tax reform,” Kaeser said. “I didn’t congratulate him for his first year in office or anything else but that I believe was a job well done.” Kaeser believes that there’s nothing wrong with President Trump’s tax cuts because even the average American can benefit… Keep Reading

Posted on in News/Politics

Senator Rand Paul Won’t Vote For Spending Bill That Adds To Deficit

Congress has a spending problem, much like the rest of the federal government. Most elected politicians are fine with pushing their pet projects and making heavy promises without concern for the overall financial condition of the nation. But there are a handful of politicians who will make difficult positions and stick to them, one of them being the son of former Texas Congressman Ron Paul. Senator Rand Paul (R-Kentucky) announced that he will not vote an end-of-year spending bill that adds to the deficit. In a tweet, the Senator stated he could not in good conscience vote to add to… Keep Reading

Posted on in Economics/Politics

Yes, We Can Have The 20 Percent Corporate Tax Rate — Next Month!

Former Lieutenant Governor Betsy McCaughey (R – New York) has discovered the formula for delivering a 20 percent corporate-tax rate in 2018 — as the U.S. House wishes — not 2019, as the Senate voted, thus flirting with GOP political suicide. McCaughey, a senior fellow with the London Center for Policy Research (as am I), offered a delightfully simple plan in Wednesday’s New York Post: “This beautiful committee,” as President Trump dubbed the House-Senate conference, should accept the House’s January 1, 2018 date for the corporate tax to plunge from today’s 35 percent rate to a new, paradigm-shifting 20 percent. And how would conferees “pay for” such history-making tax relief for American… Keep Reading

Posted on in Politics

Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking

The question “If the tax reform bill goes through, do you plan to increase your company’s capital investment?” was posed to a sizable group of corporate chieftains at The Wall Street Journal’s CEO Council, in the presence of White House economic adviser Gary Cohn. A pitiful show of hands failed to wipe the smirk off Mr. Cohn’s face. But at least the knaves were candid. Tax cuts for American big businesses are unlikely to move corporations to deploy that capital to raise the wages of the little guy, the worker. The repatriation deal planned for fat-cat multinationals is particularly sweet. But… Keep Reading

Posted on in Politics

Yankees President Randy Levine Slams Trump’s Tax Plan As Swamp Deal

Randy Levine is a businessman and prominent supporter of President Donald Trump. He also has a large podium, being the President of the New York Yankees. In a recent Newsmax op/ed, he openly called on the President to reconsider his support for the proposed Republican tax plan. The tax plan itself has been sitting on thin ice. Republicans time and time again have struggled to advance legislation, despite having majorities in both chambers and Trump in the White House. Supporters of the President blame the Republicans in Congress for failing his agenda. Count Randy Levine as one of them. In… Keep Reading

Posted on in News

Rand Paul Stands With Trump On Tax Reform, Urges Fellow Senators To Step Up

Sen. Rand Paul (R-KY), still recuperating from a terrorist attack at his home by his socialist revolutionary neighbor, is taking the lead on the issue of tax reform. He is a firm supporter of tax reform backed by President Trump, and is urging his fellow lawmakers to get in gear. “One of the main differences between Republicans and Democrats is that Republicans, in general, favor less government and more tax cuts,” Paul said in a FOX News op/ed published this morning. “That’s why I’m pleased to see us moving forward on a plan for tax cuts, and why I hope… Keep Reading

Posted on in News/Politics

Thomas Massie “Excited” About Trump Tax Plan: “I Am Going To Vote For This”

Rep. Thomas Massie (R-KY) has announced his support for the Republican tax reform bill currently in the House of Representatives, according to a report by CNN. This is no doubt a boon for the bill, which was expected to face criticism from libertarian-minded Republican lawmakers such as Massie and the members of the Freedom Caucus for not going far enough in reducing the tax burden of Americans. “I am going to vote for this,” Massie stated. “This is a new experience for me to be excited about a bill.” Massie claimed that while he continues to have reservations about the… Keep Reading

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