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Economy

Donald Trump: Tax reform will “cost me a fortune, believe me”

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Donald Trump Tax reform will cost me a fortune believe me

Yesterday I shared with my readers and listeners about how the tax reform plan bulldozing its way through the halls of Congress by Donald Trump and the GOP fails to live up to the hype of providing “historic tax relief.” When tax reform leads to higher tax liabilities on the majority of taxpayers, that’s not historic relief; that’s business as usual at Kramerica.

One reason the plan being pushed by Trump and the GOP fails to deliver, and there are many others, is because they have adopted Socialist-Democrat talking points as the measuring stick for picking winners and losers in the tax debate. This is a bad idea because “middle class” in the Midwest is quite different from middle class in New York or California, and earning over $500,000 per year if you are a family of 4-6 is different than making that amount if you’re a DINK (Double Income-No Kids) family.

Class warfare is to be expected if you’re living in a Marxist country, but it should have no place in creating income tax policies for a liberty-loving Constitutional Republic.

Falling for the left’s ideology has put Trump and the GOP on the defensive over the perception that their plan favors the wealthy, a valid concern because, according to the Tax Policy Center, tax deductions and other changes to the law heavily favor big corporations while providing little to small businesses, not to mention favoring those taxpayers who earn the most money.

At an event held yesterday in St. Charles, MO, to promote the Tax Cut and Jobs Act, Trump tried to assure attendees that the plan will cost him “a fortune” and he defended his lack of evidence using his classic, “Believe me.”

While Trump’s claim is debatable, it brings up another issue when it comes to taxes and Donald Trump—his never-to-be-released tax returns. Trump’s claim about how TCJA will personally affect him could easily be proven if he would do what every other modern president has done.

Trump also claims that his fellow millionaires and billionaires have called him to complain about the GOP’s tax reform bill, which is a direct contradiction to his earlier claims that his friends begged him not to cut their taxes.

By the way, did you know that concern over the budget deficit is suddenly in vogue if you’re a retiring Senator? In an effort to keep deficit spending in check, Senator Bob Corker wants a provision added to TCJA to automatically raise income tax rates if the reform bill fails to bring in enough income to cover the massive increases in spending that Trump and Congress are also planning.

They could just as easily add automatic spending cuts, but this is Washington we’re talking about.

By adopting the Marxist ideology of the liberal left, Trump and the GOP have failed with tax reform. Meanwhile, Democrats win and American taxpayers lose.

Originally posted on The Strident Conservative.

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Economy

President Trump working with Congress to sanction Turkey

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President Trump working with Congress to sanction Turkey

In less than a week, Turkey has managed to draw the ire of most of the world, including most on Capitol Hill, as they move to eradicate Kurds and Christians in eastern Syria. Their invasion, coordinated with attacks by their Syrian al Qaeda proxies, have already caused turmoil, killed hundreds, and displaced hundreds of thousands.

Now, President Trump appears ready to follow through on his threat to “cripple Turkey’s economy” through sanctions.

The President has been criticized by many in both political parties following the White House announcement that we are withdrawing troops from the border region. What followed was such a quick response in the form of an all out Turkish invasion that it’s clear they’ve been planning this for some time.

Our EIC took to Twitter to push the President towards following through with his threat against Turkey should they cross the line. As he noted, they have clearly crossed the line.

Reports of civilian deaths are mounting. It isn’t just the Kurds that Turkey and al Qaeda are targeting. Syriac Christians are in the crosshairs as well. The intense fighting seems to be focused on clearing out entire cities to make room for the millions of refugees the Turks currently hold. Instead of just taking out military targets from the Kurds, who Turkey believes to be terrorists, the invaders are wiping out the entire populations in cities and villages near the border.

Senator Lindsey Graham chimed in. Graham has been a Trump supporter, but broke from the White House over the Syrian withdrawal. Now, he’s voicing hope and alignment with the President’s sanction plans.

Turkish President Erdogan clearly lied to President Trump. It’s time to send them a clear message in response. Our troops may be coming home, but we can stop this bloodbath through sanctions. Cripple their economy, Mr. President.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Democrats

Andrew Wilkow: Elizabeth Warren’s lack of real-world experience is why progressives love her

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Andrew Wilkow Elizabeth Warren

Elizabeth Warren is the current frontrunner for the Democratic nomination for president. I’ll admit, I never expected that to be the case until recently. I truly believed she would be in the middle of the pack before bowing out in favor of Bernie Sanders, Kamala Harris, or one of the other radical progressives who would take on Joe Biden. But I was wrong. She has surged into the lead and at this point, it’s her race to lose.

BlazeTV’s Andrew Wilkow explained her popularity among the progressives, and in doing so showed by I was unable to see her appeal. According to Wilkow, the difference between her and Hillary Clinton is that she’s a member of the elite academia, which progressives love. Her lack of real-world experience isn’t seen as the clear detraction that it should be. Instead, having lived in a theoretical bubble of feel-good progressive policy proposals gives her an advantage in the eyes of hyper-leftists.

In other words, she hasn’t had any real-world experience to burst her bubble, so she’s able to enact hypothetical ideas that are demonstrably bad without reality clouding her judgment. To the far-left, this makes her an ideal candidate.

How in the world is Elizabeth Warren leading in the Democratic polls? Andrew Wilkow breaks it all down for us in this eye-opening analysis for BlazeTV. She’s as detached from reality as her policy proposals, which is why the radicals adore her.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

Trump to farmers: ‘Buy more land and get bigger tractors’

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Trump to farmers Buy more land and get bigger tractors

President Trump announced today a “phase one” trade agreement with China. Part of the deal includes a dramatic increase in agricultural products to be sold to China, ramping up from around $16 billion worth per year at its highest historic mark to $40-$50 billion per year moving forward. Current levels are estimated at around $8 billion. While announcing it, the President said farmers should immediately “buy more land and get bigger tractors.”

The deal is expected to be written and signed in three to five weeks. It was negotiated on China’s behalf by Chinese Vice Premier Liu He.

Both economies have suffered through the trade war that started last year between the two biggest economies in the world. But pressure seems to have hit China harder as they are generally the exporter while America is more of an importer. The President’s goal of balancing out trade between the two countries prompted back-and-forth tariffs. This deal stops upcoming tariffs, at least temporarily.

Also included are intellectual property and financial services, two sticking points between the countries since long before President Trump took office.

Opinion

I’m hopeful, but I don’t trust China one bit. This stalls upcoming tariffs, but until it’s signed it’s still just a theory. Nevertheless, it’s a positive sign and a step in the right direction towards bringing back free trade as our national economic mantra.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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