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#1510101 --- 11/30/17 09:37 AM United States Flourishes Under Trump As Country Rebuilds From Obama
Rich_Tallcot Offline
Senior Member

Registered: 01/19/03
Posts: 5520
Loc: Greeneville, TN
https://conservativedailypost.com/17-yea...n=29_November-1
“17-Year High”: United States Flourishes Under Trump As Country Rebuilds From Obama
Erica Windley-Collins | Nov 29, 2017

This past Black Friday proved to be a profitable one for most retailers. Americans spent over $1.5 billion on Black Friday deals, up almost 17% from the previous year. Shoppers also spent over $600 million during Cyber Monday, making the day the largest online shopping event in history.

This year has been a good one for the American economy. The strong start to Black Friday was driven in large part by a strong stock market, a lower unemployment rate and higher consumer confidence. This comes on the heels of a new President replacing the disastrous eight-year reign from former President Barack Obama.

Consumer confidence has risen steadily over the last five months. It now remains at a “17-year high.” The index takes into account Americans’ views of current economic conditions and their expectations for the next six months.

There’s a reason economists pay close attention to consumer confidence. Consumer spending accounts for about 70 percent of U.S. economic activity.

“Consumers are entering the holiday season in very high spirits and foresee the economy expanding at a healthy pace into the early months of 2018,” Lynn Franco, Director of Economic Indicators and Surveys at The Conference Board said.

Many states around the country are also reporting their lowest unemployment rates in over eight years. In Pittsburgh, Pennsylvania, for example, the unemployment rate has dropped to a nine-year low. The same can be said for many cities in Virginia, Michigan, Texas, and Alabama.

Another indication of a stronger American economy can be seen in new home sales. New home sales have increased for the last three consecutive months, and are now the highest they have been in a decade.

Not only have new home sales increased, but the average cost of construction for a new home has increased as well. The average price of a newly constructed home in the U.S. spiked to $400,000 in October, due to more sales in the highest section of the market. Last month, $750,000-plus homes made up 7% of sales, the greatest proportion in a year.

Homes that expensive made up only 3% of sales in October of 2016.

Inventory, however, is tight. Construction is set to add new jobs to keep up with the current trends in new home sales. Homebuilders nationwide are desperately searching for workers to fill the gaps in employment in the construction industry.

In Arizona, as the state’s economy continues to recover, there are over 10,000 vacant, good-paying construction jobs.

Under the Obama Administration, new homes sales stalled. Unemployment rates were often manipulated for the press. Two years into the Obama presidency, unemployment was hovering over 9%. Under President Trump, however, the unemployment rate has been declining steadily.

Low unemployment rates are due to an increase in jobs available. Under Obama, true unemployment was difficult to determine since many job-seekers simply stopped searching.

The Trump Administration has done an excellent job of attacking the jobs issue head on. Texas, for example, gained more than 71,000 jobs over the month of October and has added more than 300,000 over the past year, the Workforce Commission said.

Another indication of an economy in recovery is the stock market. U.S. stocks closed high on the Friday before Thanksgiving. Many tech companies experienced major gains, with Amazon leading the trend.

The Dow Jones Industrial Average gained 31.81 points (0.14 percent) to 23,557.99, while the Nasdaq closed at 6,889.16 after gaining 21.80 points (0.32 percent), with Visa and Macy’s respectively leading the best-performing stocks.

All three main indexes traded at fresh highs on upbeat economic data and as Jerome Powell, President Donald Trump’s pick to run the Federal Reserve, indicated he wouldn’t make drastic changes to central bank policy.

Since President Trump took office, the three equity benchmarks have set multiple records.

The market has been boosted by factors such as an expanding U.S. economy, rising corporate profits, higher expected returns for other assets and assurance that the Trump administration will on deliver tax cuts and other business-friendly policies.

In 2015, investment guru and Vanguard founder Jack Bogle made a grim prediction about stock market returns over the next decade. Under the Trump Administration, Bogle’s prediction has been proven to be incorrect.

President Trump has also introduced new tax cuts that will also increase the health and vitality of the American economy.

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#1510131 --- 11/30/17 05:20 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 16422
Loc: Somewhere out there
I would trade a little less robust economy for a president who was a decent human being.

https://www.huffingtonpost.com/entry/sta...kushpmg00000067

State Dept. Warned That Trump’s Anti-Muslim Tweets Could Endanger Embassies: Report

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#1510321 --- 12/05/17 10:00 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
cwjga Offline
Senior Member

Registered: 11/06/08
Posts: 9927
Loc: NY
Not a single Democrat voted to lower your taxes. Let that sink in a little.
_________________________
Annoying liberals, it's just too easy. Hard to believe how easy it is.

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#1510324 --- 12/05/17 10:10 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: cwjga]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13754
Loc: CNY
Originally Posted By: cwjga
Not a single Democrat voted to lower your taxes. Let that sink in a little.

To which specific "bill" are you referring?

Let THAT sink in.
whistle
_________________________
Everyone's entitled to their own opinions, but not their own facts.

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#1510326 --- 12/05/17 10:48 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Timbo]
Rich_Tallcot Offline
Senior Member

Registered: 01/19/03
Posts: 5520
Loc: Greeneville, TN
Originally Posted By: Timbo
Originally Posted By: cwjga
Not a single Democrat voted to lower your taxes. Let that sink in a little.

To which specific "bill" are you referring?

Let THAT sink in.
whistle

https://www.nytimes.com/interactive/2017/12/01/us/politics/senate-tax-bill-vote.html

Tax bill? Was there a tax bill? OH, you mean the one that doubled standard deductions?

Come on Timbo, you know what legislation or couldn’t that sink in?

Hint: 51 Republicans voted yes. 48 Democrats voted no.

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#1510329 --- 12/05/17 11:03 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
LOL, explain what's in the tax bill? even most experts don't know as of yet. You being the financial guru, I'll ask a simple 1040 question, say you make $77,000 annually, house has a $130,000 mortgage on it, 2 kids in accredited colleges, a 401K and you're 53 years old. What's their tax liability? You supposed experts don't have enough horse sense to find out but just like most Trumpsters, they told you that the tax cut will put $3000.00 more in your pocket, remember that "You'll be tired of winning when I get elected" I love that one flawed attribute of most trump supporters, the failure to find things out before weighing in the the topic, which is why we have one of the worse presidents since Richard Nixon but even you are surprise at how bad he is.

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#1510331 --- 12/05/17 11:19 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
Originally Posted By: Rich_Tallcot
Originally Posted By: Timbo
Originally Posted By: cwjga
Not a single Democrat voted to lower your taxes. Let that sink in a little.

To which specific "bill" are you referring?

Let THAT sink in.
whistle

https://www.nytimes.com/interactive/2017/12/01/us/politics/senate-tax-bill-vote.html

Tax bill? Was there a tax bill? OH, you mean the one that doubled standard deductions?

Come on Timbo, you know what legislation or couldn’t that sink in?

Hint: 51 Republicans voted yes. 48 Democrats voted no.



Ever consider the fact that the Democrats are a lot smarter than the Republicans, do your math and go back to 2000 when Bush came into office, he cut taxes a few times while bloating the budget due to two ongoing wars...now this is where I'll bring it down to your level, less money coming in and more money going out....in 2008, the country suffered the worse Repression in history...wonder how that happen? crazy

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#1510332 --- 12/05/17 11:29 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Formermac]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13754
Loc: CNY
Originally Posted By: Formermac
Ever consider the fact that the Democrats are a lot smarter than the Republicans, do your math and go back to 2000 when Bush came into office, he cut taxes a few times while bloating the budget due to two ongoing wars...now this is where I'll bring it down to your level, less money coming in and more money going out....in 2008, the country suffered the worse [recession] in history...wonder how that happen? crazy

Ideologues will never understand the most basic realities, regardless of the number of times that they're bitten in the ass by inescapable facts.
_________________________
Everyone's entitled to their own opinions, but not their own facts.

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#1510333 --- 12/05/17 11:35 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13754
Loc: CNY
Originally Posted By: Rich_Tallcot
Originally Posted By: Timbo
Originally Posted By: cwjga
Not a single Democrat voted to lower your taxes. Let that sink in a little.

To which specific "bill" are you referring?

Let THAT sink in.
whistle

https://www.nytimes.com/interactive/2017/12/01/us/politics/senate-tax-bill-vote.html

Tax bill? Was there a tax bill? OH, you mean the one that doubled standard deductions?

Come on Timbo, you know what legislation or couldn’t that sink in?

Hint: 51 Republicans voted yes. 48 Democrats voted no.

Nonsense, that's an especially ridiculous and deceitful argument (even for you). crazy

GOP plan will ultimately raise taxes on 50% of Americans:

• "We're going to give the American people a huge tax cut for Christmas," President Donald Trump said Monday, speaking before a cabinet meeting.

• But a nonpartisan tax analysis group said the Senate package would leave half of taxpayers facing higher levies by 2027.

• The group also said the proposal would generate enough growth to produce additional revenue of $169 billion over a decade.

• That number falls far short of the $1.5 trillion estimate over the same period by Congress' Joint Committee on Taxation.

Study and Report:
http://www.taxpolicycenter.org/publications/analysis-house-gop-tax-plan/full
_________________________
Everyone's entitled to their own opinions, but not their own facts.

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#1510335 --- 12/05/17 11:41 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
cwjga Offline
Senior Member

Registered: 11/06/08
Posts: 9927
Loc: NY
Tax Plan Is a Cut for Everyone
Stephen Moore

Whenever I'm asked if the Trump tax cut is for the rich, I say yes. It is a tax cut for the rich. It is a tax cut for the middle class. It is a tax cut for small businesses. It is a tax cut for the Fortune 100. If you pay federal income taxes, you will, in almost all cases, be getting more take-home pay come Jan. 1.

One of the ironies of the left's "these are tax cuts for the rich" mantra is that many upper-income people I know in states such as California, New Jersey, and New York complain to me they are getting a sizable tax increase. The lower income-tax rates don't compensate for the loss of the state and local tax deductions.

Well, yes, under the Trump tax plan we are no longer going to subsidize big government in blue states. Now those who choose to live in blue states are going to have to join with their neighbors, collect their pitchforks and demand tax and spending cuts from city hall and the state capital.

Here's some advice to blue state pols: Pare the hyper-extravagant pensions, and stop paying your government employees 30 percent more than comparable private-sector workers get.

Liberals from blue states argue that red states tend to get more money from the feds and pay less in taxes. But here again, blue state voters are the ones responsible for these inequities. Blue staters tend to send liberal politicians to office, who then vote for bigger federal spending -- even though a greater share of the money goes to the red states. Maybe somebody needs to write a book called: "What's the Matter With Massachusetts."


What is not true is that the rich get all the benefits of the tax cut and middle-income families pay more.

CATO scholar Chris Edwards recently put the lie to that claim. He examined the impact of the tax bill on the average tax filer in every income group with an income above $40,000. He didn't include people who make less than that because very few in that income range have any income tax liability -- and you can't cut taxes on people who don't pay taxes.

Edwards' remarkable analysis showed that as family income levels go up, the percentage reduction in tax burden goes down: Lower-middle-class people -- who make between $40,000 and $50,000 a year -- will see a 46 percent reduction in taxes paid; people who make more than $1 million will see roughly a seven percent reduction in taxes (again, the exact rate depends on what state they live in).

By the way, the left also leaves out another impact of the tax cut that helps the middle class: a higher stock market. Some 54 million Americans have 401(k) plans. At least another 40 million have IRAs or pension plans. Where do you think that money is invested? Americans should look at their 401(k) accounts right now. They are surging in value in anticipation of the tax cut.

This has contributed to a surge of economic optimism and Christmas shopping and spending. You want to kill the economy -- and Christmas? Follow Chuck Schumer and Nancy Pelosi's advice and kill the tax cut.

That's not likely to happen. There is a high likelihood this tax cut will be enacted before Christmas. My friend Arthur Laffer says that he hopes taxes go up for everyone next year -- because Americans are going to be making a lot more money as prosperity spreads to every state. Talk about a happy New Year.
_________________________
Annoying liberals, it's just too easy. Hard to believe how easy it is.

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#1510336 --- 12/05/17 12:53 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Timbo]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
Originally Posted By: Timbo
Originally Posted By: Formermac
Ever consider the fact that the Democrats are a lot smarter than the Republicans, do your math and go back to 2000 when Bush came into office, he cut taxes a few times while bloating the budget due to two ongoing wars...now this is where I'll bring it down to your level, less money coming in and more money going out....in 2008, the country suffered the worse [recession] in history...wonder how that happen? crazy

Ideologues will never understand the most basic realities, regardless of the number of times that they're bitten in the ass by inescapable facts.



"Those that fail to understand history are doomed to repeat it." Almost scary as to how history is repeating itself, a outgoing Democrat leaves office with a virtual surplus, only to have a dullard Republican drive us into the Great Recession. A Democrat brings us out of the recession only to have another dullard Republican repeat the same actions of his Republican predecessor.

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#1510337 --- 12/05/17 01:32 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
Wolf King Offline
Member

Registered: 09/12/17
Posts: 222
Loc: The Forest
FLOURISHING? In what version of reality is this country flourishing? We're seeing levels of cognitive dissonance here that shouldn't even be possible.

>Conservative daily post

Oh, lol. That explains that. Keep that echo chamber roaring. None of that garbage has any basis in the world we all actually live in.

p.s. Obama was and is leagues above Trump as a president, and as a human being.
_________________________
A wolf among hounds

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#1510339 --- 12/05/17 02:30 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: cwjga]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13754
Loc: CNY
Originally Posted By: cwjga
Tax Plan Is a Cut for Everyone

No, it is not. Not only do corporations and the wealthy receive a far larger tax benefit, but the cuts for the middle-class and poor are temporary and for all others, they are permanent.

"What is not true is that the rich get all the benefits of the tax cut and middle-income families pay more." -cwjga

Also untrue. The wealthy receive substantially greater benefits than the middle-class, who will wind up footing the entire bill.

It's a shakedown on the working class and just one more Republican raid on the federal treasury.
_________________________
Everyone's entitled to their own opinions, but not their own facts.

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#1510341 --- 12/05/17 03:00 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
cwjga Offline
Senior Member

Registered: 11/06/08
Posts: 9927
Loc: NY
Obama’s Failed Stimulus Still Fleecing Taxpayers
David Williams

It’s not healthy to dwell on the past. But, for the taxpayers across the country, it is important to learn from past mistakes. The continued problems with the American Recovery and Reinvestment Act (ARRA), aka Stimulus Plan, is a good lesson as to what not to do. The nearly trillion-dollar spending package, passed on a party-line vote in 2009, was supposed to rocket the economy out of the recession.

The law funded absurd projects such as a snowmaking facility in Duluth, Minn., math and literacy coaches for North Carolina’s public school teachers, and a $3 million tunnel for turtles in Florida.

Still, then-President Obama promised up to 500,000 new construction jobs a month. Vice President Joe Biden declared the summer of 2010 as the “Recovery Summer.” Administration officials heralded “an explosion of projects” across the country. It couldn’t be all bad, right?

But as the air turned crisp and the shadows grew longer, even the taxpayer-funded National Public Radio couldn’t spin the results. “’Recovery Summer’ Ends with Economic Pothole,” read a September headline.

The failure of Obama’s stimulus plan would be laughable if it didn’t carry an $835 billion price tag. Or if it wasn’t still fleecing taxpayers.

But sadly, the disastrous impact of the stimulus hasn’t ended with the Obama administration. The ARRA is back in the news nine years after it was enacted and a year after Obama left office.


According to the South Bend Tribune, “two local lawyers claim 62 Indiana hospitals, including two in St. Joseph County, systematically falsified records and defrauded taxpayers of more than $300 million.”

The lawyers allege the hospitals in Indiana took federal grant money made available through the ARRA to implement electronic medical records systems. Only it doesn’t appear that they implemented the electric records systems at all.

“The lawsuit says the pair found that in 2013, Memorial Hospital reported 16 requests for electronic medical records and claimed it provided all 16 within the required three business day period,” the South Bend Tribune reports. “The lawyers allege that on five occasions between April and Dec. 2013, they received records in an electronic format only once and none of the records were issued within three business days, contradicting what the hospital reported. The pair claim to have found similar discrepancies with the other three hospitals.”


When it comes to taxpayer boondoggles, $300 million is just the tip of the iceberg. If the allegations are true, hospitals were able to siphon off nearly $5 million each on average. Investigations around the country can and will likely yield “discrepancies” totaling tens of billions of dollars.

Regardless of the pitfalls of the stimulus package, most Americans have reasonably assumed that the worst is behind them, with the nearly trillion dollars long flushed away. Unfortunately, taxpayers are not off the hook just yet for gargantuan spending passed nearly nine years ago. This episode serves as a cruel reminder that government programs linger on long after they have run their course or have been demonstrated to be useless, even harmful.

This is another teachable moment about the fallacy of Keynesian-style government stimulus and the wastefulness of unnecessary government spending. Despite this, and other reprehensible findings about the misuse of stimulus funds, it’s unlikely that politicians in Washington will learn their lessons.

___________________________________________________________

It's a miracle and testament to Pres. Trump and the American people that we can come back from the disaster that was Obama.
_________________________
Annoying liberals, it's just too easy. Hard to believe how easy it is.

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#1510346 --- 12/05/17 03:25 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Timbo]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
Originally Posted By: Timbo
Originally Posted By: cwjga
Tax Plan Is a Cut for Everyone

No, it is not. Not only do corporations and the wealthy receive a far larger tax benefit, but the cuts for the middle-class and poor are temporary and the for all others, they are permanent.

"What is not true is that the rich get all the benefits of the tax cut and middle-income families pay more." -cwjga

Also untrue. The wealthy get substantially greater benefits that the middle-class will wind up footing the entire bill for.

It's a shakedown on the working class and just one more Republican raid on the federal treasury.



Amen!!!!!

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#1510356 --- 12/05/17 07:49 PM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: cwjga]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
http://www.newsweek.com/russia-north-korea-oil-imports-kim-jong-un-united-states-736144

Russia really respects you Mr. Trump,which is no surprise seeing that he's been laughing at you since the day you announced your run for the presidency. What are you going to do? better yet, what can you do since he has you by the short hairs?

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#1510370 --- 12/06/17 03:54 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Formermac]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 16422
Loc: Somewhere out there
http://www.truth-out.org/news/item/42811...social-security

Tax Plans Pave Way for Massive Cuts to Medicare, Medicaid, Social Security
Tuesday, December 05, 2017 By Lindsay Koshgarian,

Speaker of the House Paul Ryan has a plan: To get rid of nasty deficits, he says, all we need to do is "grow the economy, cut spending." Under this tax plan, only one of those is likely to become a reality.

Republicans say that the tax plan currently working its way through the House and Senate is supposed to accomplish that first goal: growing the economy. It won't succeed. Evidence suggests that the tax plan is highly unlikely to create more than a trickle of growth, and that that growth will stay snugly right where the tax plan is putting it: with corporations and billionaires.

The next step, according to Ryan, is cutting spending. And while Congress hasn't gotten that far yet, the agenda is clear. If a version of the tax plan passes, the next major item of business in Congress will likely include major cuts to Medicare, Medicaid and Social Security.

The entire tax plan is built around one premise: that cutting taxes causes the economy to grow and creates jobs. The problem is, this doesn't appear to be true.

This time, "welfare reform" won't just target low-income mothers; it will mean drastic cuts to Medicare, Medicaid and Social Security.

A study from the University of Pennsylvania's Wharton School of Business found that additional economic growth due to the tax plan would be miniscule -- less than a tenth of a percent per year in the near term. That's not the kind of growth the economy needs to produce more, or better-paying jobs.

Meanwhile, a study from the Institute for Policy Studies found that corporations that paid lower tax rates actually cut jobs -- while passing the gains on in the form of higher CEO pay.

Stuck with more or less regular economic growth, the massive tax cuts will just add to the nation's debt. The nonpartisan Joint Committee for Taxation found last week that under the original Senate tax plan, the United States will be left with an additional $1 trillion in debt. By some estimates, that debt would be even higher.

This is not a particularly partisan assessment for those who aren't currently in Congress. As the bipartisan duo Alan Simpson and Erskine Bowles recently wrote in the Washington Post, "Economic growth isn't going to wash away this debt."
Welfare Reform Redux: Medicaid, Medicare and Social Security at Risk

As President Trump told supporters at a rally in Missouri, "We're going to go into welfare reform." What he didn't say was that this time, "welfare reform" won't just target low-income mothers; it will mean drastic cuts to Medicare, Medicaid and Social Security.
The increased national debt gives the perfect political cover for cutting social programs.

The president has support among his party in the Senate and House: former presidential candidate and Sen. Marco Rubio, Rep. Paul Ryan and Sen. Patrick Toomey have all spoken about -- or refused to deny -- the intention to bring about massive spending cuts as Act II of their agenda.

The tax plan is an important key to this momentum toward bringing back "welfare reform," which, of course, wasn't a good idea the first time, either (and which still seems to bring out many of the ugliest stereotypes about poverty). The House and Senate versions of the tax bill have one big thing in common: adding significantly to the national debt.

It may seem counterintuitive at first, but to "small-government" types, this is a dream come true. The increased national debt gives the perfect political cover for cutting social programs. And this reform won't be limited to traditional welfare programs for struggling parents, which in 2016 amounted to less than half a percent of the total federal budget. Instead, lawmakers will take direct aim at the social programs where the most money is spent, and upon which the most Americans rely: Medicare, Medicaid and Social Security.

For starters, there are cuts that will take place to these programs even if Congress takes the rest of the year off after they pass this tax plan. These are the result of deficit-reducing mechanisms enacted under a 2010 law that would kick in to the tune of a $25 billion cut to Medicare this fiscal year, even without congressional action. Sen. Mitch McConnell has said that Congress won't let that happen, but it's not clear that he can deliver on that promise.

Even if Congress doesn't permit automatic cuts to Medicare as a result of its tax plan, members have openly said that they'll be back to cut programs like Social Security and Medicare.

Cuts to these programs are highly unpopular among both Republican and Democratic voters, and as a candidate, Trump campaigned on promises to keep them intact. However, current signals from congressional leaders, and Trump himself, are that he will break those promises.

The House and Senate bills amount to a tax cut for the rich that will be paid for by the poor.

The Non-Repeal Repeal of the Affordable Care Act

The Senate version of the tax plan has a provision that repeals a foundation of the Affordable Care Act: the individual insurance mandate.

Insurance markets only work if some healthy people pay into the system to cover the costs for those who get sick. By getting rid of the individual mandate, the Senate tax plan will encourage some currently healthy people to skip health insurance -- making the costs go up for everyone who chooses to stay insured.

According to a nonpartisan estimate from the Congressional Budget Office, this one change would result in 13 million Americans losing health insurance over the next decade -- and those who have insurance can expect their premiums to go up by 10 percent.

The House version of the bill doesn't include the individual mandate repeal. Thus, one of the biggest questions about any final legislation is whether it will include this attack on the Affordable Care Act.
Don't Look Behind the Curtain: It's Not About the Money

While congressional leaders bemoan the expense of Social Security and Medicare -- which do cost a lot, at $982 billion and $604 billion respectively in 2016 -- don't expect them to mention in the same breath that they have voted to increase the military budget to $700 billion.
Each of the differences between the House and Senate versions represents an opportunity to limit the damage this tax plan can do, or possibly to derail it entirely.

Apparently, some things are worth paying for. Those things would include the F-35 jet fighter, an ill-fated and never-used jet that pro-military Sen. John McCain has called "a tragedy and a scandal," and slated to cost nearly $11 billion this year. They'd also include a $20 billion annual bill for nuclear weapons, as well as total payments to for-profit corporations likely to be in the neighborhood of $300 billion.

This should clear up any confusion about what supporters of the tax plan and spending cuts are after. It's not about the money; it's about priorities.

House vs. Senate: It's Not Over Until It's Over

The House and Senate still need to bridge their differences. Here are a few high-stakes differences:

• The Senate version includes the repeal of the individual health insurance mandate under the Affordable Care Act, which would result in 13 million Americans losing health insurance. The House version does not currently include this provision.

• The House version treats graduate student tuition as regular income -- even though graduate students never actually receive this money, and can't use it to buy housing, food or anything except an education. The Senate version does not include this provision.

• The House version gets rid of the estate tax -- which is paid by , with values over $10 million for couples. The Senate version raises the limit on which estate taxes must be paid, but keeps the tax.

Each of these differences -- among others -- represents an opportunity to limit the damage this tax plan can do, or possibly to derail it entirely.

The tax plan is astoundingly unpopular: just 25 percent of voters approve of it. Activists are working around the clock to defeat this legislation, with feet on the ground and nonstop calls to House and Senate offices. These efforts will continue until the last vote is cast.

Even if one of these tax plans does pass both the House and Senate, this activist work will continue. Efforts to reverse the damage will, and must, grow. A bill this unpopular, that benefits only corporations and billionaires, is not built to last.

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#1510437 --- 12/07/17 06:31 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Rich_Tallcot]
cwjga Offline
Senior Member

Registered: 11/06/08
Posts: 9927
Loc: NY
_________________________
Annoying liberals, it's just too easy. Hard to believe how easy it is.

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#1510438 --- 12/07/17 06:47 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: cwjga]
Formermac Offline
Senior Member

Registered: 10/22/12
Posts: 8909
Loc: Above ground
Now we all understand why Trump is doing so horribly, this is the evidence of a clear and present mentality among the GOP, but tell us, who is setting the precedent, the supporters or Donald? Everyday since January 20,2017, Trump has defied the norm and still can't understand why events go awry. Keep up the great submission of your cartoons and memes, all which keeps Donald encouraged and in turn motivates his mentality to get more and more odd each and every day...Liberals are just sitting back and allowing you and millions more to keep Don's nose at the wheel of misfortunes.Thank you, BTW I'm praying for Donald (seriously) he slurred his speech yesterday and maybe a visit to the Dr. is advisable.

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#1510441 --- 12/07/17 08:11 AM Re: United States Flourishes Under Trump As Country Rebuilds From Obama [Re: Wolf King]
ThomasDecker Offline
Senior Member

Registered: 08/17/16
Posts: 2088
Loc: free at last
Originally Posted By: Wolf King
FLOURISHING? In what version of reality is this country flourishing? We're seeing levels of cognitive dissonance here that shouldn't even be possible.

>Conservative daily post

Oh, lol. That explains that. Keep that echo chamber roaring. None of that garbage has any basis in the world we all actually live in.

p.s. Obama was and is leagues above Trump as a president, and as a human being.


Quote:
p.s. Obama was and is leagues above Trump as a president, and as a human being.



Mr. Obama, was leagues above, because he kick-started the economy with shovel ready jobs, or because you could keep your Doctor.

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