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#1533411 --- 08/28/19 08:41 PM
Re: More winning...
[Re: cwjga]
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Silver Member
Registered: 11/06/08
Posts: 12660
Loc: NY
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Heritage Foundation Fact Checks Joe Biden For Saying It Doesn't Support Trump's Tax Cuts Timothy Meads
Former Vice President Joseph Biden told a crowd of supporters in South Carolina on Tuesday that even the conservative Heritage Foundation admits that President Donald J. Trump's 2017 tax cuts did not benefit the economy. In response, the Heritage Foundation issued a strong rebuke of Biden's comments as being utterly false.
As first reported by the Washington Examiner's Joseph Simonson and Emily Larsen, Biden said on the campaign trail that, "Even the Heritage Foundation has pointed out that his tax cut did not work." Biden was referencing the GOP tax cut of 2017 official titled the "Tax Cuts and Jobs Act."
In an email sent to Townhall, the Heritage Foundation commented that Biden's remarks "couldn’t be further from the truth" and the tax cuts have "been one of the strongest and boldest reforms of President Donald Trump’s first term in office."
The Heritage Foundation's Adam Michel, who actually advised the White House informally on the TCJA, said, "The evidence is clear that all Americans are benefiting from the tax cuts. Following the reform, Americans across the country had bigger paychecks and businesses increased investment, wages, and jobs. Average wage growth has been above 3% for the last 11 straight months and the lowest wage earners are benefiting from some of the largest wage gains."
"Last year, The Heritage Foundation calculated what Americans across the country can expect from the tax cuts," he added. "The average household can expect about $26,000 more in take-home pay over the next 10 years thanks to the tax reform."
As noted by Larsen and Simonson, Biden's "remarks came in response to an audience member's question about manufacturing jobs and the economy."
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#1533412 --- 08/28/19 08:42 PM
Re: More winning...
[Re: cwjga]
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Silver Member
Registered: 11/06/08
Posts: 12660
Loc: NY
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Here’s How the Tax Cuts Are Helping Americans in Every State Oct 29th, 2018 1 min read Commentary By
Kevin Dayaratna, Ph.D. @kdd0211 Senior Statistician and Research Programmer
The average American will take home on average $1,400 more of their paycheck in 2018 thanks to tax reform.
The Tax Cuts and Jobs Act has been one of the strongest and boldest reforms of President Donald Trump’s first term in office. According to analysis from The Heritage Foundation, the tax law will give hardworking Americans tax breaks in every congressional district and in every state.
Across the nation at large, the average American will take home on average $1,400 more of their paycheck in 2018. For married couples with two children, that figure doubles to just under $3,000.
While higher-taxed districts will see more in dollar savings as a result of the tax cuts, they are certainly not the only winners from the Trump tax cuts. In fact, lower-income districts will feel more relief in their tax burden, as they will see a higher percentage of their taxes cut than Americans in higher-income areas.
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For example, in New York’s 15th Congressional District, tax filers on average will notice a decrease of over 30 percent in their tax bill in 2018.
All across the country, the manifestations of this policy are quite impressive. Americans are better off from the tax cuts because they get to keep a larger portion of their paychecks. Moreover, the changes in tax rates are providing better economic incentives leading to even higher paychecks.
Lower tax rates mean businesses invest more and consequently demand more labor. Greater labor demand means that businesses hire more workers and increase wages. As a result, American workers get a bigger piece of a bigger economic pie.
As a result, Texas’ 7th Congressional District can expect to see on average $35,000 more in take-home pay over the next 10 years. By the same year, a family of four in Virginia’s 10th Congressional District should enjoy an average of almost $70,000 of their own money back in their pocket. This money can then be spent on daycare, college tuition, or retirement savings, among many others.
Unfortunately, some in Congress have called to undo this tax reform, which would effectively wipe out the benefits of the law. According to our analysis, the cost of repealing the tax cuts in 2020 would be an average of $26,906 in lost income gains over the following 10 years. For a family of four, that cost would be over $45,000.
The Tax Cuts and Jobs Act is allowing Americans in every community across the nation to take home more of their paycheck. Congress should not only keep the law in place but should also work toward making the law permanent well before the its current 2025 “sunset” date.
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#1533424 --- 08/28/19 10:16 PM
Re: More winning...
[Re: cwjga]
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Gold Member
Registered: 10/22/12
Posts: 18033
Loc: Above ground
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Here’s How the Tax Cuts Are Helping Americans in Every State Oct 29th, 2018 1 min read Commentary By
Kevin Dayaratna, Ph.D. @kdd0211 Senior Statistician and Research Programmer
The average American will take home on average $1,400 more of their paycheck in 2018 thanks to tax reform.
The Tax Cuts and Jobs Act has been one of the strongest and boldest reforms of President Donald Trump’s first term in office. According to analysis from The Heritage Foundation, the tax law will give hardworking Americans tax breaks in every congressional district and in every state.
Across the nation at large, the average American will take home on average $1,400 more of their paycheck in 2018. For married couples with two children, that figure doubles to just under $3,000.
While higher-taxed districts will see more in dollar savings as a result of the tax cuts, they are certainly not the only winners from the Trump tax cuts. In fact, lower-income districts will feel more relief in their tax burden, as they will see a higher percentage of their taxes cut than Americans in higher-income areas.
Get exclusive insider information from Heritage experts delivered straight to your inbox each week. Subscribe to The Agenda >>
For example, in New York’s 15th Congressional District, tax filers on average will notice a decrease of over 30 percent in their tax bill in 2018.
All across the country, the manifestations of this policy are quite impressive. Americans are better off from the tax cuts because they get to keep a larger portion of their paychecks. Moreover, the changes in tax rates are providing better economic incentives leading to even higher paychecks.
Lower tax rates mean businesses invest more and consequently demand more labor. Greater labor demand means that businesses hire more workers and increase wages. As a result, American workers get a bigger piece of a bigger economic pie.
As a result, Texas’ 7th Congressional District can expect to see on average $35,000 more in take-home pay over the next 10 years. By the same year, a family of four in Virginia’s 10th Congressional District should enjoy an average of almost $70,000 of their own money back in their pocket. This money can then be spent on daycare, college tuition, or retirement savings, among many others.
Unfortunately, some in Congress have called to undo this tax reform, which would effectively wipe out the benefits of the law. According to our analysis, the cost of repealing the tax cuts in 2020 would be an average of $26,906 in lost income gains over the following 10 years. For a family of four, that cost would be over $45,000.
The Tax Cuts and Jobs Act is allowing Americans in every community across the nation to take home more of their paycheck. Congress should not only keep the law in place but should also work toward making the law permanent well before the its current 2025 “sunset” date. https://www.cnn.com/2019/08/20/business/tariffs-cost-trade-war-consumers/index.htmlhttps://www.usatoday.com/story/opinion/2...umn/2124225001/https://www.usatoday.com/story/money/201...ore/2091709001/https://knowledge.wharton.upenn.edu/article/u-s-china-tariffs/Based the trade war with China in the last 6 months, we arrive at that 1000 dollar increase in consumer cost,China exacted another 30 percent as of September 1st, now double that 1000 dollar increase, we come to a grand total of a two thousand dollar increase. Now based on your data...2000 dollar increase while only receiving a 1400 dollar tax break....we are now 600 dollars in the hole.Not bad for putting more money in my pocket.
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I know how to bring out the buffoonery of A Trump supporter.State Fact
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#1533494 --- 08/31/19 07:00 PM
Re: More winning...
[Re: cwjga]
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Silver Member
Registered: 11/06/08
Posts: 12660
Loc: NY
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August 29, 2019
The Honorable Scott S. Harris Clerk Supreme Court of the United States Washington, D.C. 20543
Re: New York State Rifle & Pistol Association v. City of New York, No. 18-280
Dear Mr. Harris:
We write with regard to the petition in the above-titled case. That petition challenges a New York City law forbidding the transportation of locked, unloaded handguns, with few exceptions, as a violation of the Second Amendment. The City changed its laws after the Court granted the Association’s petition. The Court therefore confronts the question whether the change in New York City’s laws has mooted the Second Amendment challenge.
On August 12, several of our Democrat colleagues filed a brief amicus curiae in support of the City urging the Court to dismiss the case as moot under Article III of the Constitution. We of course have no problem with Senators submitting amicus briefs. Many of us have done so. But our colleagues did more than raise legal arguments in favor of mootness. They openly threatened this Court with political retribution if it failed to dismiss the petition as moot. The brief’s final paragraph warned: “The Supreme Court is not well. And the people know it. Perhaps the Court can heal itself before the public demands it be ‘restructured in order to reduce the influence of politics.’ Particularly on the urgent issue of gun control, a nation desperately needs it to heal.” The implication is as plain as day: Dismiss this case, or we’ll pack the Court.
There is no greater example of the genius of our Constitution than its creation of an independent judiciary. Alexander Hamilton explained in Federalist No. 78 that “[t]he complete independence of the courts of justice is peculiarly essential in a limited Constitution.” Only an independent judiciary can “guard the Constitution and the rights of individuals from … dangerous innovations in the government, and serious oppressions of the minor party in the community.” And history has proven the wisdom of this design. Time and again, our independent federal courts have protected the constitutional rights of Americans from government overreach even when that overreach was politically popular.
But judicial independence is under assault. Democrats in Congress, and on the presidential campaign trail, have peddled plans to pack this Court with more justices in order to further their radical legislative agenda. It’s one thing for politicians to peddle these ideas in Tweets or on the stump. But the Democrats’ amicus brief demonstrates that their court-packing plans are more than mere pandering. They are a direct, immediate threat to the independence of the judiciary and the rights of all Americans.
The Association has asked this Court to consider the constitutionality of a law that it believes infringes on the fundamental constitutional rights of ordinary New Yorkers. Democrats have responded by threatening to pack the Court if it decides in favor of the Association. Americans cannot trust that their constitutional rights are secure if they know that Democrats will try to browbeat this Court into ruling against those rights.
We are deeply concerned by our colleagues’ amicus brief and the ideas it promotes. We take no position on the underlying Second Amendment question nor on the mootness issue currently before the Court. But judicial independence is not negotiable. We will brook no threats to this fundamental precept of our constitutional structure.
We therefore ask that the Justices fulfill their oaths to “faithfully and impartially” follow the law. They should rule in this case only as the law dictates, without regard to the identity of the parties or the politics of the moment. They must not be cowed by the threats of opportunistic politicians. Our constitutional republic depends on an independent judiciary ruling impartially on the basis of what the law says. We ask that the Justices stand firm and do their part to protect our “government of laws, not of men.”
For our part, we promise this: While we remain Members of this body, the Democrats’ threat to “restructure[ ]” the Court is an empty one. We share Justice Ginsburg’s view that “nine seems to be a good number.” And it will remain that way as long as we are here.
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#1533540 --- 09/03/19 10:41 AM
Re: More winning...
[Re: cwjga]
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Silver Member
Registered: 11/06/08
Posts: 12660
Loc: NY
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America’s Poor Fare Better Than Average Persons in Canada, the UK By Daniel Mitchell | August 30, 2019 | 4:35 PM EDT My primary job is dealing with misguided public policy in the United States. I spend much of my time either trying to undo bad policies with good reform (flat tax, spending restraint, regulatory easing, trade liberalization) or fighting off additional bad interventions (Green New Deal, protectionism, Medicare for All, class warfare taxes). Seems like there is a lot to criticize, right? Yes, but sometimes the key to success is being “less worse” than your competitors. So while I’m critical of many bad policies in the United States, it’s worth noting that America nonetheless ranks #6 for overall economic liberty according to the Fraser Institute. As such, it’s not surprising that America has higher living standards than most other developed nations according to the “actual individual consumption” data from the Organization for Economic Cooperation and Development. And America’s advantage isn’t trivial. We’re more than 46 percent higher than the average for OECD member nations. The gap is so large that I’ve wondered how lower-income people in the United States would rank compared to average people in other countries. Well, the folks at Just Facts have investigated precisely this issue using World Bank data and found some remarkable results. “… after accounting for all income, charity, and non-cash welfare benefits like subsidized housing and Food Stamps—the poorest 20% of Americans consume more goods and services than the national averages for all people in most affluent countries. … In other words, if the U.S. 'poor' were a nation, it would be one of the world’s richest. … The World Bank publishes a comprehensive dataset on consumption that isn’t dependent on the accuracy of household surveys and includes all goods and services, but it only provides the average consumption per person in each nation—not the poorest people in each nation. However, the U.S. Bureau of Economic Analysis published a study that provides exactly that for 2010. Combined with World Bank data for the same year, these datasets show that the poorest 20% of U.S. households have higher average consumption per person than the averages for all people in most nations of the OECD and Europe … The high consumption of America’s 'poor' doesn’t mean they live better than average people in the nations they outpace, like Spain, Denmark, Japan, Greece, and New Zealand. … Nonetheless, the fact remains that the privilege of living in the U.S. affords poor people with more material resources than the averages for most of the world’s richest nations.” There are some challenges in putting together this type of comparison, so the folks at Just Facts are very clear in showing their methodology. They’ve certainly come up with results that make sense, particularly when comparing their results with the OECD AIC numbers. Here’s one of the charts from the report: You can see that the bottom 20 percent of Americans do quite well compared to the average person in other developed nations. By the way, the report from Just Facts also criticizes The New York Times for dishonest analysis of poverty. Since I’ve felt compelled to do the same thing, I can definitely sympathize. The bottom line is that free markets and limited government are the best way to help lower-income people enjoy more prosperity.Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy and is Chairman of the Center for Freedom and Prosperity. Mitchell is a strong advocate of a flat tax and international tax competition.
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