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Economy

What do Democrats and Obamacare have in common with Republicans and tax cuts?

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During the Obama administration, the most obvious example of the disastrous consequences of making laws in this fashion is Obamacare—legislation negotiated behind closed doors and so full of special interests that Nancy Pelosi famously stated that Congress had to pass the bill before we could find out what was in it. Obama also provided cover for Obamacare before and after its passage with his now-famous repeated lie: “If you like your plan, you can keep your plan.”

Trump and the GOP have created an Obamacare moment of their own with the Tax Cuts and Jobs Act (TCJA).

Like Obamacare, TCJA was so massive and contained so many special interest considerations—mostly to corporations and donors—that it was hammered out behind closed doors, and under McConnell’s Pelosi-inspired instructions, TCJA could not be read by Senators until after it passed the Senate. And just like Obama before him with Obamacare, Trump kept the details of the tax cut plan hidden while spreading the lie that it would provide “the biggest tax cuts in history.”

The folks at InfoWars.com said that Trump’s promise had an Obama-esque “if you like your money, you can keep your money” ring to it.

The similarities between Obamacare the Trump tax cuts don’t end there. In the same way that much of the damage from Obamacare wasn’t known until after it became law, the damage from Trump’s tax cuts are now being revealed.

A previously unnoticed change to the tax code included in the TCJA has been discovered that imposes newly created taxes on churches, synagogues, and other non-profit organizations of 21 percent on employee benefits like meals and parking, forcing these organizations, regardless of size, to pay taxes for the first time ever. This is a costly burden when you consider that many nonprofit organizations operate with small and/or volunteer staff.

Rep. Michael Conaway (R-TX), who is apparently one of those who didn’t read TCJA before voting for it, is trying to fix this “oops” moment, but House Ways and Means Chairman and Trump loyalist Kevin Brady (R-TX) is defending the stealth-like tax grab because it will provide “parity”—GOP-speak for fairness—regarding taxing employee compensation.

Parity has nothing to do with it. From day one, Republicans targeted charitable deductions as a source of income to offset the massive tax breaks they were giving big business and special interests. Failing to get as much as they had hoped from adjusting deductions, the GOP went after the recipients of those donations.

This is why the Tax Cuts and Jobs Act was created behind closed doors, why nobody could read it before voting, and why Trump lied to protect it. It’s also a sign that our great Republic is quickly approaching its end.

Originally posted on The Strident Conservative.

 


David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

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Economy

What the partial government shutdown reveals about American’s finances

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What the partial government shutdown reveals about Americans finances

The partial government shutdown has been going on for nearly a month, with no end in sight. About 800000 government workers, according to politicians, are essentially getting paid not to work, but their paychecks won’t come until after the partial shutdown is over. Politicians are using this plight to tug at the general public’s heartstrings in the direction of their agenda. However, every politician and almost every media outlet is ignoring truth, to avoid offending people.

The truth of the matter is: if a person doesn’t have enough money saved up for such a time as this, they suck with finances. If a family is woefully unprepared for an emergency situation, they suck with money. These are objective facts, even Biblical. However, I do not write this to shame those 800000 government workers. After all, the crocodile tears of politicians would be wholly ineffective, if the average American could not see the horror is a month’s wage deferred. American’s finances are in disarray to put it mildly. NBC News reported how majority of Americans are living paycheck to paycheck.

Though the parameters of what constitutes a livable wage varies greatly according to where you live, these staggering statistics show just how few of us have the means to make ends meet. Depending on where they live, even people who earn $100k per year say they’re living paycheck-to-paycheck, and 59 percent of people making that kind of money admitted to carrying debt. Of those 59 percent, 56 percent say they’re heavily in debt.

And that emergency stash of six month’s pay that experts keep saying we should put away? For more than half of us, it’s just not feasible. According to this survey, 56 percent of us can barely save $100 per month. All things considered, when you break it all down, most of us are just one misfortune away from financial oblivion.

Yet despite the woeful unpreparedness of most Americans to finance an emergency, Americans spend. We have the latest IPhone, subscribe to Amazon Prime, have $200 doorbells on our homes, dine at fast casual restaurants, and drink Starbucks. And despite mandatory financial literacy classes in many schools, we push young people to pursue a six figure education. A recent survey done by YCharts found that nearly two-thirds of millennials aged 22 to 37 believed that they would have seven-figure wealth by the age of 45 or sooner. While seemingly outlandish, this study presented a more optimistic view of the generation’s finances than one might expect. Though with similar spending habits as Gen Xers, it’s overoptimistic to think this generation doesn’t overspend.

We often joke about Congress not balancing the budget like normal people run their finances. Yet in a country and culture of fiscal irresponsibility, it should be unsurprising, though disappointing, that there’s 21 trillion dollars worth of debt.


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Economy

A reminder to GOP lawmakers from Justin Amash

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A reminder to GOP lawmakers from Justin Amash

When Representative Justin Amash (R-MI) hadn’t been in Washington DC for very long when he said this amazing quote. At the time, many weren’t paying much attention. After all, many Republicans say similar things when they get to DC, but over time they become jaded, corrupted, or start to get used to being in the DC Country Club.

Amash is different. He has remained consistent with his message and views throughout his career. Now, it’s time for other Republicans to remember what they were sent to Washington DC to do in the first place. Defense of the Constitution is their top priority as it’s the best protection against a government that wants desperately to control every aspect of our lives. From healthcare to the internet to how we use our energy, government intervention has become so commonplace, it’s often hard to see the fabric of our nation behind all the layers of bureaucracy that has been placed on top of it.

“I follow a set of principles, I follow the Constitution. And that’s what I base my votes on. Limited government, economic freedom and individual liberty.”

If more Republicans followed the same principles and didn’t just use them in campaign speeches, we may actually be able to return liberties that have been taken and remove layers of government that have been formed unnecessarily.


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Economy

Larry Elder, Sean Hannity discuss the shutdown

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Larry Elder Sean Hannity discuss the shutdown

Radio host Larry Elder joined Sean Hannity on Fox News tonight to break down the government shutdown. Elder pointed out that President Obama was being urged by advisers, including Rahm Emmanuel, to abandon Obamacare, but Nancy Pelosi urged him to go big or go home.

Later, they discussed the Speaker of the House’s refusal to meet with Angel Moms. Elder asked what she would say to them. Hannity said she should have given them condolences for their losses.

My Take

The talking heads on Fox News keep repeating the same narratives, but it’s not working. This is an example of mainstream media playing to the base by repeating the narrative for cheers from the crowd but failing to present better information the Republican base can use to argue for the border wall.

Many on the right, particularly in media, are failing to make a compelling case for the wall. They need to adjust their talking points if they really want their audience to help sell the idea to the rest of America.


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