Keyword: incometaxes

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  • China should quickly get out of its huge US trade problem (good article)

    03/17/2019 9:26:18 PM PDT · by cba123 · 38 replies
    CNBC.com ^ | 1 hour ago | Dr. Michael Ivanovich
    Beijing cannot indefinitely continue to accumulate wealth and technology by exploiting America’s open markets. A prompt solution of the U.S.-China trade dispute requires a rebalancing on bilateral trade accounts — drastically lower Chinese sales to the U.S. and sharply increasing Chinese purchases of American goods and services. China’s regulatory changes are a different matter. Financial markets should stop fretting about the U.S.-China trade problem — that’s a peripheral issue and a purely trading event. Only the Fed can crash Wall Street. (Please see full article at the link)
  • Rahm Emanuel says Democrats' hard left turn could re-elect Trump

    03/12/2019 12:00:23 PM PDT · by E. Pluribus Unum · 25 replies
    Fox News ^ | 12 March 2019 | Howard Kurtz
    Rahm is right. The Democrats are in a leftward lurch that could ruin their chances of retaking the White House. Rahm Emanuel, now stepping down after two terms as mayor of Chicago, knows something about winning elections. He was a key White House operative for Bill Clinton and chief of staff for Barack Obama. It was Rahm, as chairman of the Democratic campaign committee, who engineered the party's takeover of the House in 2006 — and is known for his hardball brand of politics, with all the subtlety of his frequent F-bombs. If Mayor Emanuel believes the Democrats are in...
  • Latinos View GOP More Favorably than Democratic Party in New Poll

    12/17/2014 10:34:33 AM PST · by dignitasnews · 14 replies
    Dignitas News Service ^ | December 17, 2014 | Paul M Winters
    In a new Washington Post poll released today, American Latinos have a more favorable view of the GOP, besting the Democratic Party among the nations fastest growing demographic group. In a survey conducted between December 11-14, 52 percent of Hispanic Americans view the Republican Party favorably, while 37 percent have an unfavorable view of the Party of Lincoln. In contrast, 40 percent of Latinos have an unfavorable view of the Democratic Party, while 48 percent rate them favorable. The poll suggests that large numbers of Americans, of all demographic groups, are moving toward the right, as the GOP holds a...
  • How Trump would cut Medicare by $818B in a decade

    03/11/2019 2:53:59 PM PDT · by Liberty7732 · 26 replies
    President Trump's proposed budget released Monday appeared to call on Congress to cut $818 billion from Medicare over 10 years, despite a long-standing promise from the president that he wouldn't touch the popular program. The budget does not outline specific cuts to Medicare, nor does it propose a cost-saving plan along the lines of an idea from former House Speaker Paul Ryan, R-Wis., to give beneficiaries subsidies to buy private coverage. Instead, the budget envisions spending reductions through Congress passing prescription-drug legislation and through efforts to reduce improper payments to healthcare providers. "He's not cutting Medicare in this budget," Russell...
  • Trump administration moves to end work permits for spouses of skilled foreign workers

    03/11/2019 11:53:08 AM PDT · by Coleus · 27 replies
    The Bergen Record ^ | 02.25.19 | Monsy Alvarado
    Trump administration moves to end work permits for spouses of skilled foreign workers
  • Milton Friedman on Donahue - 1979

    03/10/2019 6:59:53 PM PDT · by Osage Orange · 28 replies
    YouTube ^ | Aug 26, 2009 | Milton Friedman
    Dr. Milton Friedman, Nobel Laureate, promoting "Free to Choose" on the show Donahue.Worth watching....Donahue...actually conducted a decent interview.
  • High taxes be damned, the rich keep moving to California

    03/11/2019 10:31:23 AM PDT · by Mariner · 84 replies
    LA Times ^ | March 11, 2019 | By George Skelton
    Are rich people fleeing California to escape astronomical state income taxes? That’s the word. But it’s fake news. In fact, more wealthy people are moving to California than leaving, research indicates. It’s the poor and middle class who are departing. It makes sense. If you’re getting rich in California and can afford to live comfortably here in this balmy climate, there’s little incentive to leave — except to stick it to the tax collector in Sacramento. “If you’ve got your business here and you’re making money, it’s hard to leave,” says Allan Zaremberg, president of the California Chamber of Commerce....
  • Tax collectors chase rich New Yorkers moving to low-tax states. Auditors inspect cell records,...

    03/09/2019 8:04:39 AM PST · by E. Pluribus Unum · 119 replies
    CNBC ^ | PUBLISHED FRI, MAR 8 2019 • 7:05 AM EST | UPDATED FRI, MAR 8 2019 • 11:05 AM EST | Robert Frank
    FULL TITLE: Tax collectors chase rich New Yorkers moving to low-tax states. Auditors inspect cell records, even your dog’s vet bills The cat-and-mouse game between state tax collectors and wealthy New Yorkers who are moving to Florida has reached new levels — and gone high tech. New federal tax laws limiting the deduction of state and local income taxes have created incentives for wealthy New Yorkers to move to Florida or other lower-tax states. New York Gov. Andrew Cuomo last month blamed wealth flight for the state’s $2.3 billion revenue shortfall in December and January. “Tax the rich, tax the...
  • As residents flee New York's high taxes, state uses intrusive audits to get cash from defectors

    03/09/2019 3:26:09 AM PST · by Red in Blue PA · 111 replies
    New York state goes to extraordinary lengths to catch wealthy residents who try to flee its burdensome taxes, leaving a gaping hole in the state’s treasury. The aggressive approach by state tax collectors comes as the Empire State faces a $2.3 billion budget deficit that even Democratic Gov. Andrew Cuomo called “as serious as a heart attack.” Cuomo, a vocal critic of President Trump, blamed congressional Republicans for passing tax reforms that reduced the state and local tax deduction Americans can take on their annual income tax forms -- meaning residents of high-tax blue states like New York have been...
  • President Trump's budget to include $100M for Ivanka's women's fund

    03/08/2019 10:30:14 AM PST · by proust · 35 replies
    AP ^ | Mar 8, 2019 | Catherine Lucey
    WASHINGTON (AP) — President Donald Trump's 2020 budget proposal will include $100 million for a global women's fund spearheaded by his daughter Ivanka Trump. In a statement to The Associated Press, Ivanka Trump noted that Friday was International Women's Day and stressed the initiative was "working towards our goal of economically empowering 50 million women in developing countries by 2025." She says the budget includes "a new $100 million commitment" for the fund.
  • Here's the best poll # for Donald Trump this year

    03/06/2019 9:53:34 PM PST · by 2ndDivisionVet · 13 replies
    CNN Politics ^ | March 6, 2019 | Chris Cillizza, CNN Editor-at-large
    The first two years of Donald Trump's presidency haven't exactly been filled with stellar ratings from the public. Trump's approval rating in Gallup has never -- not one time -- been above 50% since he was sworn into office. His overall job approval number in the Real Clear Politics' average is below 44%. Almost six in 10 people disapproved of how Trump has handled the Russia investigation in a CNN-SSRS poll last month. On and on it goes -- bad numbers following bad numbers, leaving the poll-obsessed Trump to cherry-pick a piece of data here and there that suggests he...
  • ‘Terrible Idea’: Michigan’s Democratic Governor Pushes an Enormous Gas Tax Increase

    03/06/2019 6:16:18 PM PST · by Tolerance Sucks Rocks · 72 replies
    The Daily Signal ^ | March 5, 2019 | Chris White, Daily Caller News Foundation
    Democratic Michigan Gov. Gretchen Whitmer is proposing what some opponents are calling a draconian gas tax increase to fix the state’s crumbling road infrastructure. Whitmer’s budget proposal will include a 45-cent gas tax increase, which would be phased in over three separate intervals, the governor’s spokeswoman Tiffany Brown told reporters Monday. The rate would begin increasing in October, hit its second phase in April 2020, and ease into its final phase by the end of that year. The increase is expected to generate roughly $2 billion a year in additional revenue for roads, according to media reports. Whitmer, a Democrat...
  • Gallup: Trump Job Approval On The Economy Reaches New High

    03/05/2019 12:46:20 PM PST · by SeekAndFind · 17 replies
    Hotair ^ | 03/05/2019 | Allahpundit
    No incumbent president pulling 55 percent on the economy and unemployment can be counted out for reelection, however anemic his overall job approval might be.In fact, this poll is a reminder of how solid Trump’s 2020 prospects would look if he was a bit less … Trumpy, for lack of a better word.It’s mostly Republicans driving that number but he’s at 53 percent approval on the economy and 56 percent on unemployment among independents, a group that gives him an overall job approval of just 35 percent. Those are also the only two out of 14 categories tested in...
  • Federal budget deficit leaps 77% so far for fiscal 2019

    03/05/2019 1:58:09 PM PST · by semimojo · 116 replies
    CBS/AP ^ | 3/5/2019 | AP
    The federal government recorded a budget surplus in January. But so far for this fiscal year starting Oct. 1, the total deficit is 77 percent higher than it was for the same period a year ago. The Treasury Department said Tuesday the deficit for the first four months of fiscal 2019 totaled $310.3 billion. That's up from $175.7 billion in the same period a year ago -- and that includes the January surplus of $8.7 billion.
  • Audit: More than 10 million Americans feeling SALT cap pain

    03/03/2019 8:27:30 PM PST · by GuavaCheesePuff · 124 replies
    newsday ^ | February 26, 2019 | Robert Brodsky
    Nearly 11 million Americans nationwide would have been capped from deducting more than $323 billion in state and local taxes in 2017 because of changes enacted in the GOP's tax reform legislation, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration — and expect similar results for the 2018 tax year. The 28-page report offers a new window into the full scope of the $10,000 cap on SALT deductions, which is supported by the White House and top congressional Republicans but has been heavily criticized by the leaders of many high-tax Democratic states, including New...
  • Trump...Mueller probe: "They're trying to take you out with bulls---"

    03/02/2019 11:15:22 AM PST · by ETL · 76 replies
    FoxNews.com ^ | Mar 2, 2019 | Adam Shaw | Fox News
    President Trump, in an expletive-laden speech at the Conservative Political Action Conference (CPAC) Saturday, accused FBI Special Counsel Robert Mueller’s team of trying to take him out with “bulls---” and accused a top Clinton aide of not having recovered “from getting his a-- kicked.” Trump accused his opponents of moving away from a narrative of Russian collusion as Mueller prepares to file his report on the investigation into Russian interference in the 2016 election. He said that the report was being produced “by people who weren’t elected.” “Unfortunately you put the wrong people in a couple of positions and they leave people...
  • Why Donald Trump could win again, by Dave Eggers

    03/02/2019 12:34:35 PM PST · by 2ndDivisionVet · 25 replies
    The Manchester Guardian ^ | March 2, 2019 | Dave Eggers
    The president’s El Paso rally should have been a tricky affair, with the wall, the shutdown, a counter-rally by local Democrat star Beto O’Rourke. But it was a night of wild surprises At the end of Trump rallies, order breaks down and people are tired. To those seeking to shock, injure, annoy or make a point, it’s go time. In El Paso, on the US’s southern border, at Trump’s first campaign-style rally of 2019, two people unfurled the flag of the Soviet Union. This happened inside the El Paso County Coliseum. I was outside in the parking lot, with about...
  • Harvard/Harris Poll: 3-in-4 Voters Favor ‘America First’ Immigration, Trade, War Platform (tr)

    03/01/2019 4:39:11 PM PST · by EdnaMode · 13 replies
    Breitbart ^ | March 1, 2019 | John Binder
    About 3-in-4 American voters favor a populist-nationalist “America First” legal immigration, trade, and foreign policy platform from candidates running for office that prioritizes protecting the way of life and economic security of United States citizens above all else. The latest Harvard/Harris Poll finds near unanimous support for populist-nationalist candidates among Republicans, conservatives, and President Trump supporters, as well as a majority of support from all voters. The findings are the latest evidence that the open borders, globalization, and endless wars ideology of former administrations — such as President George W. Bush’s — has very little support with the American electorate.
  • GOP 2016 Candidates Mute on Trump Policies

    03/01/2019 3:11:29 PM PST · by Moe-Patrick · 20 replies
    3/1/19 | self
    To those who backed any candidate besides Trump, why are those candidates not fighting as hard as Trump for the policies conservatives support? They have microphones, cable news access, and twitter. They do not fight. Would you still support them?
  • New York City Experienced Worst Decline in Restaurant Jobs since 9/11 After $15 Minimum Wage Win

    03/01/2019 8:15:58 AM PST · by Beowulf9 · 42 replies
    https://fee.org ^ | February 28, 2019
    The Big Apple’s fast-food industry, The New York Times recently reported, has long served as a laboratory for progressive politicians and the nation’s labor machine.