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Keyword: taxcuts

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  • Federal Tax Revenues Hit Record Highs — Are Trump's Tax Cuts Paying For Themselves?

    03/14/2018 4:35:49 AM PDT · by IBD editorial writer · 37 replies
    Investor's Business Daily ^ | 3/13/2018 | IBD Editorial Board
    Tax Cuts: The latest monthly Treasury report on taxes and spending shows that gross tax receipts in February were $1.4 billion higher than the year before. Weren't the Republican tax cuts supposed to explode the deficit? X According to the report, the government took in $238.2 billion in taxes in February. The year before, tax revenues were $236.8 billion. For fiscal year 2018, which started last October, taxes are up $50.5 billion compared with the same months last year, and are at a record high level for this five-month span. The report does show that net receipts were lower in...
  • Trump Wants A 'Phase Two' Of Tax Cuts

    03/13/2018 7:11:28 AM PDT · by Enlightened1 · 62 replies
    CNBC ^ | 03/12/18 | Jacob Pramuk
    President Trump again brings up a "phase two" of tax cuts. The GOP law passed in December permanently chops taxes for corporations and temporarily reduces the tax rate for most individuals. Trump wants a 'phase two' of tax cuts Trump wants a 'phase two' of tax cuts 18 Hours Ago | 00:44 President Donald Trump said again Monday he wants a "phase two" of tax cuts on top of the law Republicans passed in December. Speaking as the World Series champion Houston Astros visited the White House, Trump asked Rep. Kevin Brady, R-Texas, whether he planned to cut taxes further....
  • Nancy Pelosi runs from the 'crumbs,' and then really steps in it

    03/10/2018 9:28:01 AM PST · by jazusamo · 45 replies
    American Thinker ^ | March 10, 2018 | Monica Showalter
    Nancy Pelosi hasn't exactly been in clover since she disdainfully sniffed that $1,000 worker bonuses were just " crumbs " following the Republican passage of tax cuts. She was so against those that she screeched that " people are going to die !" if the tax cuts dared pass in Congress. After the tax cuts did, just as in Aesop's tale of the fox and the grapes, she called the resulting unexpected bonuses "crumbs." Apparently, the fallout has been so bad on that she's backtracked on her remarks, putting out this tweet, which was noticed by Fox News: Certainly we...
  • NYT Corrects Piece About Couple’s Tax Increase Under New Law to Admit Their Taxes Would Go Down

    03/08/2018 1:29:52 PM PST · by MarvinStinson · 23 replies
    freebeacon ^ | Alex Griswold March 7, 2018 | Alex Griswold March 7, 2018
    A New York Times analysis of how the recently enacted tax reform law could affect a hypothetical couple's taxes was corrected to admit their taxes would actually go down, not up. In the story from late February, the Times collaborated with TurboTax vice president Bob Meighan to lay out how the Republican-backed tax overhaul would affect "Samuel and Felicity Taxpayer," an imaginary couple from suburban New York that makes $183,911 a year. Samuel is a self-employed engineering consultant, and Felicity is as an employee of a design firm. The "bottom line" of their analysis: "The family would owe $3,896 more...
  • US consumer confidence rises to highest level since 2000

    02/27/2018 8:42:27 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Feb 27, 2018 12:23 PM EST | Paul Wiseman
    American consumers are the most confident they’ve been since 2000. The Conference Board says its consumer confidence index rose to 130.8 in February, highest since November 2000 and up from 124.3 in January. The business research group’s index measures consumers’ assessment of current conditions and their outlook for the next six months. They feel better about today’s economy than they have since March 2001. Their outlook also improved. Tax cuts passed into law last year are starting to show up in workers’ paychecks. “As people slowly absorb the details of the tax reform package, opinion polls suggest that it is...
  • Democrats are surprised that more money in pay checks is popular

    02/27/2018 5:34:14 AM PST · by Cheerio · 27 replies
    powerlineblog. ^ | February 26, 2018 | Paul Mirengoff
    How out of touch is the Democratic Party? This out of touch: The Washington Post reports that Democrats expected the Trump tax cut to be unpopular and are surprised to find that voters like seeing more money in their pay checks. Post reporter Erica Warner writes: Democrats predicted a political backlash for ­Republicans in December when the GOP pushed through a deeply unpopular tax cut that added more than $1 trillion to the federal deficit and disproportionately helped the wealthy. But at the outset of the 2018 campaign season, Democrats’ early optimism appears less well founded here [in Indiana], where...
  • Gas Prices v. Tax Cuts: How Trump Can Protect His Signature Achievement

    02/24/2018 8:02:23 AM PST · by Kaslin · 11 replies ^ | February 24, 2018 | Ken Blackwell
    During his short time in office, President Donald Trump has taken several steps that have generated robust economic growth, including signing historic tax cuts that have already led to bigger paychecks for American workers. But to ensure that Americans can keep enjoying the benefits of this popular tax cut, the administration needs to fight rising gas prices.The challenge is a familiar one. For example, in 2011, Americans’ savings from a payroll tax cut were largely negated by rising gas prices. Similarly, an analysis by the non-partisan organization Securing America’s Future Energy found that although former President George W. Bush’s tax cuts...
  • EXCLUSIVE: Boeing Executives Plotted to Stop Employee Bonuses to Keep Trump from Getting the Credit

    02/21/2018 4:30:38 PM PST · by Enchante · 57 replies
    Washington Reporter ^ | February 21, 2018 | Jacob Wohl
    Starting in late 2017, Boeing executives discussed plans to conceal employee bonuses or cancel them altogether in order to keep President Trump from getting credit, following the passage of the Republican tax-reform bill. On a series of conference calls led by Boeing’s Senior Vice President of Communications Phil Musser, Musser proposed and lobbied for canceling bonuses out of fear that the company may contribute to President Trump’s rising approval rating. Before Musser worked as a high level Boeing’s communications staffer in Washington, his employment history included public and media relations work for Mitt Romney’s 2012 Presidential Campaign and The Freedom...
  • Democrats Don't Have a Messaging Problem on Tax Reform. They Have a Reality Problem.

    02/21/2018 10:54:06 AM PST · by jazusamo · 15 replies ^ | February 21, 2018 | Guy Benson
    This is about as clean a political win as you're going to see these days, so Republicans are absolutely right to be pressing their advantage. They've earned it. They withstood weeks of withering and punishing demagoguery from Democrats and much of the press -- which also happened to be highly inaccurate and laughably hyperbolic -- and ultimately stuck together to pass a controversial and unpopular bill. The legislation would hurt the middle class and bring about the apocalypse, Democrats argued. Republicans countered that their plan would actually benefit the vast majority of American taxpayers and help US businesses. The...
  • Smucker's Announces $1000 Employee Bonuses, $20M Added to Employee Pensions

    02/19/2018 6:32:49 PM PST · by jazusamo · 46 replies
    PJ Media ^ | February 19, 2018 | Paula Bolyard
    (Image via J.M. Smucker Company) The J.R. Smucker company announced last week that 5000 employees will be receiving $1000 bonuses as a result of the Republican tax plan. They also plan to add $20 million to the employee pension program and donate an additional $1 million to charity. "We had a strong third quarter, with sales growth for key brands in every business and strong earnings per share growth fueled by the benefits of U.S. income tax reform and ongoing cost discipline," said Mark Smucker, chief executive officer, in a press release. "These results reflect our commitment to delivering...
  • Well, It's Happened: The Trump Tax Bill Is Becoming More Popular And Democrats Are Scrambling

    02/19/2018 1:00:31 PM PST · by jazusamo · 33 replies ^ | February 19, 2018 | Matt Vespa
    It’s happened. We saw this coming. In fact, unlike Obamacare, it was almost guaranteed to happen: the GOP bill is becoming more popular . It’s now split 44/44 percent supporting and opposing the legislation. That’s a 21-point jump from December when it was signed into law by President Donald J. Trump. The polling was dismal on the bill then, but Republicans held firm and passed it via reconciliation. Not a single Democrat voted for the bill; a bill that provides middle and working class tax relief. It was even asked back then: what will Democrats do when his tax...
  • Variety Skips Disney Worker H1B Visa Replacement in Democrat Fundraiser Story

    02/15/2018 7:06:12 AM PST · by PJ-Comix · 10 replies
    Newsbusters ^ | February 14, 2018 | P.J. Gladnick
    Variety reported on Monday about Disney chairman and CEO Bob Iger hosting a fundraiser next week for six vulnerable Democrat senators. Although the story did point out the irony of Disney pushing for the tax cuts that every one of the senators voted against, it skipped the more controversial detail that the senators would be receiving money from a fundraiser hosted by an executive who pushed for replacing American Disney employees with H1B visa foreign workers.  First let us go to the irony of a tax cut supporting company supporting senators who all opposed that tax cut in Bob Iger to...
  • Mark Penn to Schumer: Stop Trashing Tax Cuts, Get Back to Santa Claus

    02/14/2018 4:56:38 PM PST · by Kaslin
    Rush ^ | February 14 | Rush Limbaugh
    RUSH: What happened to the call from the woman who wanted me to explain what she thinks is being hypocritical? Where did she go? Did she just…? (interruption) She disappeared. There was a woman on the line, she was the next caller up — and she knows who she is — and she blew it. She hung up. Maybe her battery ran out or maybe something else happened. But she was going to ask me, “How in the world can you on one hand be talking about how the Democrats are imploding — as you have been — and then...
  • Civilization Is Crumbling: GOP Tax Bill Forces MetLife To Raise Wages, Offer New Benefits

    02/13/2018 7:00:07 PM PST · by Kaslin · 10 replies ^ | February 13 | Matt Vespa
    The horror, folks! The apocalyptic effects of the GOP tax reform have struck again. This time MetLife announced that they’re going to raise wages and offer new benefits. So, they’re joining one of at least 250 companies that have offered increased benefits thanks to Trump’s tax reform that was signed into law on December 22. Over three million workers have benefitted from it, much to the chagrin of the liberal media who were hoping Trump would fail, and that working and middle class families would descend into economic misery to better Democrats’ chances in the upcoming elections (via Washington...
  • Trump, GOP upbeat about turn in midterm numbers, vow to use Pelosi 'crumbs' comment on stump

    02/03/2018 5:04:45 PM PST · by jazusamo · 9 replies
    Fox News ^ | February 3, 2018 | Joseph Weber
    Congressional Republicans once bracing for the possibility of a Democratic “tsunami” in this year’s elections now appear on the offensive -- bolstered by new polls suggesting Americans like their recent tax cuts, and the opportunity to pounce on Democratic House leader Nancy Pelosi remark about the bonuses and paycheck increases amounting to “crumbs.” “Nancy Pelosi has stayed in the spotlight. Her 'crumbs' comment is something I think we can use pretty effectively,” Ohio Rep. Steve Stivers, chairman of the National Republican Congressional Committee, said at this week’s GOP policy retreat at the Greenbrier resort, in West Virginia. To be sure,...
  • Irony Alert: Univision Owner to Give Employees $1000 Bonuses Due to Trump Tax Cuts

    02/03/2018 1:06:08 PM PST · by PJ-Comix · 30 replies
    Newsbusters ^ | February 2, 2018 | P.J. Gladnick
    Oh irony of ironies. How beautiful you can be! Less than a week after Univision smeared the Trump tax cuts, the owner of that broadcasting network, Haim Saban, has announced that he will be giving $1000 bonuses to his employees due to those same tax cuts. In fact, as we shall see, Saban very specifically credited those same tax cuts as the reason for the bonuses. To get a full appreciation of the irony involved let us first look at what a Univision anchor said about the Trump tax cuts as reported by the MRC Latino Staff on January 27...
  • WaPo Columnist: The Democrats' Antics During Trump’s State Of The Union Was Embarrassing

    02/03/2018 10:08:30 AM PST · by Kaslin · 46 replies ^ | February 3, 2018 | Matt Vespa
    Okay—it’s not a defense of President Trump. In fact, it takes it swipes at his presidency quite well, as if to shout at Democrats’ faces on what they need to say to combat the message he’s disseminated to the country, especially on economic growth. Nevertheless, Washington Post columnist Dana Milbank was not happy with how Democrats reacted to President Trump’s State of the Union. He seemed especially taken aback at the notion that scores of congressional Democratsdidn’t standwhen he entered the House Chamber, breaking the common rule that when the president enters, no one sits—ever: I take a back seat...
  • AP Report Buries Democrats' False Talking Points, Confirms Sweeping Tax Cuts for American Workers

    02/02/2018 8:28:01 AM PST · by SeekAndFind · 20 replies
    Townhall ^ | 02/02/2018 | Guy Benson
    And there it is -- independent confirmation of what Republicans have been saying for months, backed up by nonpartisan analyses: American workers are getting effective pay increases thanks to the tax reform law against which every Democrats voted last December.  Opponents called the bill "armageddon," the "end of the world," and a "massive attack" on the middle class.  It's none of those things.  It's a pro-growth tax cut for 80 percent of Americans, including 91 percent of the middle class.  The Associated Press reports: Workers are starting to notice larger paychecks following tax overhaul. @sarahssell reports— AP Business News (@APBusiness) February...
  • Now Democrats have their own “repeal and replace” mantra… for tax cuts

    02/01/2018 4:34:14 PM PST · by Kaslin · 46 replies
    Hot ^ | February 1, 2018 | JAZZ SHAW
    There really should be a job posting coming up soon for a new DNC strategist because somebody has gone off their meds. The phrase “repeal and replace” is coming back into vogue, but this time we’ll be hearing it from the Democrats. At first glance I had to double check to make sure this wasn’t an article from The Onion. But it’s really published at The Hill and deals with the Democrats’ overarching strategy heading into the midterms and perhaps even the 2020 elections. They’re counting on Americans being so unhappy with their “crumbs” from the tax cuts that they...
  • Dems vow to repeal parts of GOP tax law (Suicide Watch)

    02/01/2018 11:27:44 AM PST · by PJ-Comix · 33 replies
    The Hill ^ | February 1, 2018 | MIKE LILLIS AND NAOMI JAGODA
    Democrats are vowing to undo parts of the GOP’s tax-code overhaul if they win back control of the House in November, hoping President Trump’s first major domestic achievement will be a liability for the Republicans in the midterm elections. The effort is reminiscent of the Republicans’ long-drawn campaign to hammer away at the Affordable Care Act and turn President Obama’s signature health-care expansion into a down-ballot albatross for the Democrats — an effort that helped the Republicans retake the House with sweeping election victories in 2010.