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Keyword: taxcuts

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  • Michael Moore: GOP Tax Cut ‘in a Sense Was an Act of Terror’

    12/21/2018 11:31:23 AM PST · by Beave Meister · 44 replies
    Breitbart ^ | 12/20/2018 | Pam Key
    Thursday on MSNBC’s “The Last Word,” left-wing documentary filmmaker Michael Moore said the Republicans 2017 tax cut was an act of “terror.” Moore said, “All the Republicans in that photo you showed standing there on the steps with him a year ago today all looking so slap happy and ah, remember it’s not just Trump, all of the Republicans, all of them, nobody has had the courage to stand up and say this is wrong, this is un-American. This hurts this country. This is— this tax cut in a sense an act of terror because it’s going to make the...
  • White House, McConnell omit promised tax cut from recap of lame-duck agenda

    11/16/2018 7:32:23 AM PST · by deplorableindc · 18 replies
    Washington Examiner ^ | Nov. 16, 2018
    President Trump told Senate Republican leaders on Thursday that his top lame-duck priorities include passing a spending bill with border security funds and approving new prison reform legislation — but middle-class tax cuts appear to have fallen from the agenda. Trump vigorously invoked the tax-slashing plan in the final days of the midterm election campaign, but public accounts of an Oval Office agenda meeting do not mention the vow. White House spokesman Hogan Gidley and Senate Majority Leader Mitch McConnell, R-Ky., both omitted Trump's "pure 10 percent tax cut" for the middle class from public descriptions of the lame-duck agenda.
  • Repubs Promise Pivotal and Permanent TaxCuts /w TaxCuts 2 Bill While Dems Propose Perpetual TaxHikes

    10/31/2018 1:39:02 PM PDT · by davikkm · 3 replies
    IWB ^ | Bob Shanahan
    For those out there still thinking of voting Democrat on Tuesday, let me remind you what Republicans have in store for next year: Tax Cuts 2.0. A month ago, the GOP-controlled House of Representatives passed the second phase of the tax cuts following the December 2017-passed Tax Cuts and Jobs Act. The main piece of the three-bill package is a measure that would extend and make permanent the individual tax cuts implemented almost a year ago. Under current law, the individual cuts are set to expire after 2025. Though these significant tax cuts would balloon the deficit even more, it...
  • Ensure a Can-Do Congress for a Can-Do President

    10/29/2018 5:46:58 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 29, 2018 | Terry Paulson
    The mid-term elections are little more than a week away. Every mid-term election is touted as critical to the future of America, but this one most surely is. Will we provide a can-do Congress for this can-do president or will we lock Washington into gridlock and partisan warfare?Republicans have been able to use the slim advantage in the House and Senate to support President Trump’s agenda. To lose either house of Congress will stall further progress on needed changes until the 2020 election. Here are five reasons to vote for Republican candidates in your local elections.The corporate and individual...
  • The US economy grew at a 3.5% pace in the third quarter, faster than expected

    10/26/2018 6:11:14 AM PDT · by ScottinVA · 48 replies
    CNBC ^ | 26 October 2018 | Fred Imbert
    The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday. Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate. The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
  • A Band of Nuns Campaigns against Tax Cuts...and the Unborn

    10/24/2018 7:37:39 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 10/24/2018 | T.R. Clancy
    There's a bus full of Catholic nuns tootling around the country – final destination: Mar-a-Lago and a "Fiesta for the Common Good" – spreading the social justice gospel that individualism is "an unpatriotic lie." Detroit News columnist Bankole Thompson reports that "NETWORK, the Catholic social justice group in Washington, D.C., led by Sister Simone Campbell, has long been answering the call of prophet Amos" about the widening gap between rich and poor. Sister Simone's Nuns on the Bus tour is now making its way through 21 states, calling attention "to policies that are hurting the poor including tax cuts that...
  • Majority say Trump tax plan should be made permanent or left alone

    10/23/2018 10:46:52 AM PDT · by yesthatjallen · 8 replies
    The Hill ^ | 10/23/2018 | Julia Manchester
    A majority of Americans want President Trump's tax plan to be made permanent or left alone and allowed to expire, according to a new American Barometer survey. The poll, a joint project of Hill.TV and the HarrisX polling company found that 27 percent of respondents wanted the plan to remain permanent, while 29 percent said it should be left alone and allowed to expire. Forty-four percent of respondents said the plan should be rolled back. The poll comes one day after Trump said on Monday that he will push for a second round of tax cuts during Congress' lame duck...
  • Trump to Unveil 'Major Tax Cut for Middle-Income People' Before Election

    10/22/2018 12:45:28 PM PDT · by SeekAndFind · 28 replies
    PJ Media ^ | 10/22/2018 | Rick Moran
    Donald Trump told reporters after a rally in Nevada that he was planning to propose a major tax cut targeting middle-income Americans before the end of the month."We are looking at putting in a very major tax cut for middle-income people. And if we do that it'll be sometime just prior, I would say, to November,” Trump told reporters. “We are studying very deeply right now round the clock a major tax cut for middle-income people." Trump has taken criticism from Democrats for his tax cuts, which they claim only help large corporations and the top 1 percent. But...
  • Donald Trump: 'Major Tax Cut For Middle-Income People' Coming in 10 Days

    10/22/2018 9:32:36 AM PDT · by Steve1999 · 37 replies
    NN ^ | 2018-10-21 21:00 | Riva Mendoza
    President Donald Trump says a 'major tax cut for middle-income people' is coming in 10 days as he plans to implement a large tax reduction for the middle class before November midterms.
  • Kamala Harris wants to repeal Trump's tax cuts // replace them with cash payouts for the poor

    10/20/2018 4:10:32 AM PDT · by a little elbow grease · 94 replies
    cnbc.com ^ | 10/19/18 | Ylan Mui
    Kamala Harris and other prominent Democrats want to repeal Trump's tax cuts and replace them with cash payouts for the poor and working class With midterm elections 2˝ weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan. The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households. Sen. Kamala Harris, D-Calif., announced a plan this week that would give working families up to $6,000 each year, with the option of...
  • House passes GOP bill to make new tax cuts permanent

    09/28/2018 2:41:15 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Sep. 28, 2018 4:48 PM EDT | Marcy Gordon
    Republicans have sped legislation through the House to expand their massive new tax law, capping their session for the year as they rush out of town to face voters in the November elections. The new bill would make permanent the individual and small-business tax cuts in the law. Friday’s vote was 220-191 in the Republican-led House to approve the legislation. It’s the second tax-cut proposal that Republican leaders have pushed in less than a year. The vote was mostly along party lines. Democrats continued their solid opposition to tax-cut legislation, asserting it favors corporations and wealthy individuals over middle-income Americans....
  • Small Business Optimism Shatters Record Previously Set 35 Years Ago

    09/11/2018 6:28:58 AM PDT · by edwinland · 3 replies
    NFIB ^ | Sept. 11, 2018 | NFIB
    Stock indices are hitting new highs as the economy keeps producing good numbers. New heights of small business optimism contradicts the convential storyline that the recovery is losing stream, that we should prepare ourselves for the downturn. Worriers focus on the role of FAANG stocks driving the market higher. But recently, the Russell 2000, a “small company” stock index began posting record gains as well, based on very favorable profit reports for small businesses. The “small cap” companies in the Index are much larger than NFIB members, but their experience mirrors the record reports of rising profits among NFIB members....
  • 100 manufacturers have increased hiring, given bonuses or raises since TRUMP/GOP tax reform

    08/17/2018 3:01:27 PM PDT · by SleeperCatcher · 3 replies
    The National Sentinel ^ | 8/17/18 | USA Features
    Crumbs, not: If the financial growth we’re now seeing continues for an additional six-and-a-half years of POTUS Donald Trump and a more Trump-friendly GOP majority (yes, we believe he’s got 2020 in the bag), the United States will experience an economic renaissance the world has seldom seen. Thanks to the tax reform bill passed by Congress (opposed by every Democrat, by the way), American manufacturing is growing at a pace not seen in decades. Not only that, but companies are sharing their windfall — and no, they’re not handing out “crumbs,” as that out-of-touch multimillionaire Nancy Pelosi once said.
  • Earnings roundup: 2Q profit growth even better than expected

    08/03/2018 7:27:56 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Aug. 03, 2018 8:17 AM EDT
    Investors came into this earnings season with high expectations. They weren’t high enough. Companies in the S&P 500 are on track to deliver earnings-per-share growth of 24 percent for the second quarter. When the quarter started in April, Wall Street was expecting a 19 percent jump, according to FactSet. So far, about three quarters of the companies in the index have reported. If the current pace holds, it would mark the second straight quarter that growth has been close to 25 percent. The big profit gains are an encouraging sign to investors because stock prices tend to track with profits...
  • Another Economic Stat to look at: Railroads

    07/04/2018 10:07:13 AM PDT · by TMA62 · 17 replies
    One stat to look for in this growing economy is the weekly rail statistics report from the Association of American Railroads (AAR). I have attached the link. It is a weekly summary of car loadings compared to last year. (Note: the tax cuts were passed in January so it is a good comparison to last year.) Nearly everything is up in the 2-4 percent range. Petroleum (unit tank car trains) really up. The other big stat is intermodal (trailers on flatcars or double stack containers). Intermodal is around 6-8 percent growth from last year and is leading the recovery. The...
  • Nurturing a small business boon

    06/30/2018 11:42:54 AM PDT · by TBP · 4 replies
    The Washington Times ^ | Thursday, June 28, 2018 | Linda McMahon
    Mike Zaffaroni calls the newest piece of equipment at his landscaping company in Jacksonville, Florida, his “Tax Cut Truck.” He had long wanted to expand the services he offers to his customers and says the tax cuts President Donald J. Trump signed into law six months ago were the motivation he needed to buy the $80,000 truck and forklift. Under the Tax Cuts and Jobs Act, most small businesses will now be able to deduct 20 percent off their business income in addition to having their taxable income taxed at lower rates. And for the first five years, they’ll be...
  • Thanks To Tax Cuts, Companies' Overseas Profits Now Flooding Back To U.S.

    06/27/2018 9:28:55 AM PDT · by SeekAndFind · 18 replies
    IBD ^ | 06/27/2018
    They said it wouldn't happen, but it did: The money companies stashed overseas to protect them from high U.S. corporate tax rates is flooding back in, boosting growth, jobs and confidence in the economy. Thank the Trump tax cuts. All told, the Bureau of Economic Analysis (BEA) reported, some $305.6 billion returned to the U.S. from overseas accounts. That's a $1.2 trillion annual rate, and far more than the $35 billion one year before. The BEA's analysts explain why this happened: "The large magnitudes (of inward capital flows) ... reflect the repatriation of accumulated earnings by foreign affiliates of U.S....
  • The American economy is stronger than ever six months after tax cuts

    06/22/2018 9:25:43 AM PDT · by yesthatjallen · 14 replies
    The Hill ^ | 06/22/18 | Mattie Duppler
    Six months ago today, President Trump signed into law the Tax Cuts and Jobs Act, historic legislation which streamlined our tax code and offered much-needed tax relief to the American people. Since passage of the bill, the once-in-a-generation tax overhaul championed by President Trump and Republicans in Congress has already provided numerous benefits and an even brighter future for the American people. Gone is the outdated system that took too much of our money, sent our jobs overseas and stagnated our economy. Americans are now seeing thousands of dollars in tax relief and bigger paychecks. Middle-class families are benefitting from...
  • Tax cuts increased take-home pay of Democrat Senate candidate Jacky Rosen’s campaign staff

    06/01/2018 9:13:11 AM PDT · by VegasVictor · 3 replies
    Las Vegas Review-Journal ^ | June 1, 2018 | Victor Joecks
    In February, the campaign team of Democratic Rep. Jacky Rosen saw a pay bump — thanks to the Republican tax plan. Rep. Rosen is challenging Sen. Dean Heller, and she’s repeatedly voiced her opposition to the tax cuts Republicans passed last year. The tax cuts will “increase the economic anxiety of too many Nevada families at their kitchen tables,” she wrote in November. In December, she called it a “disastrous tax scheme” and accused Heller of raising taxes on “hardworking Nevadans.” Given their refusal to return phone calls seeking comment, it’s debatable whether Rosen’s staff qualifies as “hardworking.” What’s not...
  • Utilities save millions because of federal tax reform

    05/30/2018 3:29:24 PM PDT · by buckalfa · 9 replies
    WV MetroNews ^ | May 30, 2018 | Jeff Jenkins
    CHARLESTON, W.Va. — Appalachian Power Company saved $235 million dollars from the federal tax cuts and the company is proposing passing the money back to its customers in a variety of ways. The multi-pronged proposal is in a filing with the state Public Service Commission due Wednesday. The PSC is requiring all utilities to tell it their tax ts West Virginia Consumer Advocate Jackie Roberts told MetroNews the money clearly belongs to the customers. “They (the utilities) had taxes in their rates and now the taxes in their rates have significantly decreased—so they shouldn’t be able to keep collecting and...