Monthly Archives: August 2017

Supplying the Federal Beast with tax revenue is like pumping gasoline into a fire, it accelerates the destruction – Jay Davidson

Supplying the Federal Beast with tax revenue is like pumping gasoline into a fire, it accelerates the destruction.
Consider the absurdity of taxation: 50% of the citizens pay their own hard earned money to the Federal Behemoth so that the other non-working 50% can receive the benefits.  The Federal Monster thereby guarantees its cancerous growth.  It adds little value compared to its cost.
However, there is a tipping point, soon to be reached, where there will not be enough workers to support the non-working.  That is the end of every Socialist, Communist and Democratic society.  (Democracy devolves into an Oligarchy or rule by the few, the Elites.)
There is one solution: Restore our Constitutional Republic form of government and slay the federal beast or at the least, control the federal government through our Constitution, as envisioned by the Founders.  Either we control our destiny or the very size of the federal beast will topple, on its bloated carcass, crushing our nation and any future for our progeny.
– Jay Davidson
Read the original WSJ article here

Paul Ryan’s ‘Anxiety’ Cure

Americans may be feeling better already.

President Donald Trump delivers remarks about things other than tax reform at Trump Tower on August 15.

President Donald Trump delivers remarks about things other than tax reform at Trump Tower on August 15. Photo: Drew Angerer/Getty Images

By

James Freeman

Do we dare to hope that politicians may now be turning their attention to encouraging prosperity for all Americans? For any readers who have found it stressful observing the issues that have lately dominated political discourse, there may be a treatment. Joseph Lawler of the Washington Examiner reports from Everett, Washington:

House Speaker Paul Ryan toured businesses in the Pacific Northwest this week to deliver the message that Republicans can produce a historic revision of the tax code…

Tax reform was always planned for the fall, and for Ryan, getting something done here is a chance to deliver a much-needed win for the GOP.

“I’ve been focused on this literally my adult life. But now, more than ever,” Ryan said, a major overhaul of the tax code could “help reduce that anxiety” that the country feels over politics.

Anxiety reduction would be most welcome. Wall Street seems to have gotten over its own minor case of anxiety on the news that President Trump’s economic adviser Gary Cohn will be sticking around the White House for a while. Some investors have been fretting that markets would decline if Mr. Cohn chooses to leave, on the theory that the former Goldman Sachs executive is critical to the effort to cut taxes.

This column is glad Mr. Cohn is around to encourage free trade, but has been skeptical of the analysis that he’s the key to tax cuts. This skepticism is based on the fact that Mr. Cohn wasn’t much of a cheerleader for tax relief before entering the White House and didn’t seem to have his heart in it once he arrived.

But Mr. Cohn’s new interview with the Financial Times may serve as a useful therapy for any Americans suffering from generalized economic anxiety disorder. The British business publication asked, “Will you offer any concessions to get some Democrats on board?”

Here’s Mr. Cohn’s response, according to an edited transcript:

If the Democrats want to work with us on a bipartisan tax bill we are excited to have them on board. But if not we will just do reconciliation. The important issue we need to talk about is why are we so compelled to do taxes . . . that is what the president is going to be out selling.

If you look at US GDP since 2008 we have been averaging less than 1.5 per cent GDP growth [including the recession]. Before that, we had much higher growth. We don’t think that a 2 per cent growth economy is good enough — we need to raise that.

It’s reassuring to know that Mr. Cohn is not satisfied with the Obama-era new normal of slow growth. Even more encouraging is that, unprompted by the Financial Times, he then explained why it’s so important for the United States to cut corporate income tax rates.

Many leftists argue that since tax rates aren’t as high as they were when President Ronald Reagan took office in 1981, there’s less need to enact a Reagan-style tax cut to boost growth now as he did then. But Mr. Cohn provides the important context, which is that the world’s other advanced countries have been busy cutting their own rates. As Mr. Cohn explains, the world has simply become a more competitive place, including in the 34 other member countries that, along with the U.S., belong to the Organization for Economic Cooperation and Development:

If you go back to the early 1980s and look at OECD and US tax rates, they were pretty similar then. But then most OECD rates went down, down, down. The US had one big drop in 1986 but we then flatlined… So we used to have a competitive advantage, but since then we have continued to be less and less competitive. Today we are 14.4 percentage points more expensive on tax rate than the rest of the OECD — we used to have a 5.7 percentage point advantage.

According to KPMG, the overall state and federal corporate income tax burden in the U.S. is even worse on a relative basis—closer to 16 percentage points above the OECD average. But Mr. Cohn is right on target in adding, “We have just gotten uncompetitive.” He also suggests that the trade deficit that is a fixation of some economic nationalists is in part just an artifact of bad tax policy:

If you are a company which manufactures in Europe and sells in the US and European tax is 10 percentage points lower in Europe than in the US then what you want is for as much profit as possible to show up in Europe. So you sell your product to the US subsidiary at the highest possible price and what does that do to the trade deficit?

The Trump adviser also said that the President will begin making his case with a speech in Missouri. According to the Financial Times:

“Starting next week, the president’s agenda and calendar is going to revolve around tax reform,” Mr Cohn said in an interview. “He will start being on the road making major addresses justifying the reasoning for tax reform and why we need it in the US.”

A leadership team in Washington focused on economic growth is making this column feel better already.

Shame as a tool of conquest – Jay Davidson

Shame as a tool of conquest

 

Consider how powerful a tool is shame.  If you doubt it, look at the Progressives’ use of shame to condition both democrat and republican politicians, citizens of both parties, religious leaders, everyone.

 

Shame of success.

Shame of heterosexuality.

Shame of monogamous relationships.

Shame of making money.

Shame of something that happened 100 years before you were born.

Shame of being white, whatever that means.

Shame of loving your country.

Shame of deciding to defend your rights to Life, Liberty and the Pursuit of Happiness.

Shame of worshipping the leader of your religion.

Shame of believing in God.

Shame of honesty and ethics.

 

This shame has brought down governments and countries.  To be aware of it is to fight it.

Has President Trump done anything in his first six months?

What has Donald Trump done since he has been in office!!!
Maybe you should READ, I did not realize many of these!

1. Supreme Court Judge Gorsuch
2. 59 missiles dropped in Syria.
3. He took us out of TPP
4. Illegal immigration is now down 70%( the lowest in 17 years)
5. Consumer confidence highest since 2000 at index 125.6
6. Mortgage applications for new homes rise to a 7 year high.
7. Pulled out of the lopsided Paris accord.
8. Arranged 20% Tariff on soft lumber from Canada.
9. Bids for border wall are well underway.
10. Keystone pipeline approved.
11. NATO allies boost spending by 4.3%
12. Allowing VA to terminate bad employees.
13. Allowing private healthcare choices for veterans.
14. More than 600,000. Jobs created
15. Median household income at a 7 year high.
16. The Stock Market is at the highest ever In its history.
17. China agreed to American import of beef.
18. $89 Billion saved in regulation rollbacks.
19. Rollback of A Regulation to boost coal mining.
20. MOAB for ISIS
21. Travel ban reinstated.
22. Executive order for religious freedom.
23. Jump started NASA
24. $600 million cut from UN peacekeeping budget.
25. Targeting of MS13 gangs
26. Deporting violent illegal immigrants.
27. Signed 41 bills to date
28. Created a commission on child trafficking
29. Created a commission on voter fraud
30. Created a commission for opioids addiction.
31. Giving power to states to drug test unemployment recipients.
32. Unemployment lowest since may 2007.
33. Historic Black College University initiative
34. Women In Entrepreneurship Act
35. Created an office or illegal immigrant crime victims.
36. Reversed Dodd-Frank
37. Repealed DOT ruling which would have taken power away from local governments for infrastructure planning
38. Order to stop crime against law enforcement.
39. End of DAPA program.
40. Stopped companies from moving out of America.
41. Promoted businesses to create American Jobs.
42. Encouraged country to once again
43. ‘Buy American and hire American
44. Cutting regulations 2 for every one created.
45. Review of all trade agreements to make sure they are America first.
46. Apprentice program
47. Highest manufacturing surge in 3 years.
48. $78 Billion promised reinvestment from major businesses like Exxon, Bayer, Apple, SoftBank, Toyota…
49. Denied FBI a new building.
50. $700 million saved with F-35 renegotiation.
51. Saves $22 million by reducing white house payroll.
52. Dept of treasury reports a $182 billion surplus for April 2017 (2nd largest in history.)
53. Negotiated the release of 6 US humanitarian workers held captive in Egypt.
54. Gas prices lowest in more than 12 years.
55. Signed An Executive Order To Promote Energy Independence And Economic Growth
56. Has already accomplished more to stop government interference into people’s lives than any President in the history of America.
57. President Trump has worked with Congress to pass more legislation in his first 100 days than any President since Truman.
58. Has given head executive of each branches 6 month time Frame dated march 15 2017, to trim the fat. restructure and improve efficacy of their branch.Observe the pushback, the leaks and the lies as entrenched POWER refuses to go silently into that good night!
59. Last, Refused his Presidential Pay Check, donated it to Veterans issues.

 GUEST COLUMN: Transportation tax a bad idea for Colorado

 

By: Kim Monson  April 23, 2017

The proposed 21 percent state sales tax increase, Colorado transportation House Bill (HB)17-1242, estimates tax collection of $14 billion, however, only $5 billion (if we’re generous) is required to go to roads and bridges. A big portion can be spent on subsidized multimodal projects (light rail, bullet trains, bike & walk paths, driverless cars, high occupancy vehicles, etc). Everything but a privately owned vehicle. If you like your car, you may not be able to keep your car.

HB17-1242’s proposed 21 percent state sales tax increase passed in the Colorado House of Representatives and is traveling through the Colorado Senate. If approved, HB17-1242 will appear on the Colorado ballot in November 2017. I hope that our state senators who care about hardworking individuals throughout Colorado will just say no!

A 21 percent state sales tax increase hurts Colorado families who are trying to make ends meet, save for their children’s education and dream of buying a home. Almost everything we purchase – cars, clothes and craft beer – will be more expensive, however, interestingly enough, aviation fuels used in turbo-propeller or jet engine aircraft are items exempted in HB17-1242. Curious.

Per the Colorado Chamber Capitol Report, HB17-1242 is estimated to bring in $700 million per year or $14 billion over the 20-year life of the tax increase. Fourteen billion is a lot of money and HB17-1242 is one of the most impressive “bait and switches” in recent Colorado history. Here’s the breakdown:

– $375 million per year is dedicated to pay off $3.5 billion (not to exceed $5 billion with interest) in Transportation Revenue Anticipation Notes (TRANs). The $3.5 billion is to be used for Colorado Department of Transportation (CDOT) capital projects, implying roads and bridges, however the money can be used for multi-modal capital projects as well.

– $227.5 million per year or $4.55 billion is earmarked for counties and municipalities for transportation projects, again not restricted to roads and bridges.

– $97.5 million per year or $1.95 billion is earmarked for multimodal projects.

In adding up the numbers, that leaves $3.5 billion with no explanation of spending. And the language in HB17-1242 asks that these taxes not be subject to the Colorado Taxpayer’s Bill of Rights (TABOR), Article X of the Colorado Constitution. If taxes collected from HB17-1242 are above projections, the transit czars, politicians and bureaucrats can keep our hard-earned dollars instead of returning the excess back to the people.

Our roads and bridges could certainly use a little love. However, politicians and bureaucrats have been shaving anywhere from 20 percent to 30 percent out of the Highway User Tax Fund for subsidized projects such as trains, bike paths and walking paths for years while neglecting our roads and bridges.

The preliminary 2018 Colorado budget calls for $26.8 billion in spending. If politicians and bureaucrats would dedicate just 1 percent of the budget for our roads and bridges, Coloradoans could enjoy less road congestion, safer highways and faster mobility without a 21 percent ding in our wallets.

Kim Monson is co-host of “The Americhicks – Molly & Kim” on Salem Media’s 1690 AM, KDMT “Denver’s Money Talk” or livestream at americhicks.com. Monson is a former Lone Tree City Council councilwoman.

Click here for the original article.

ObamaCare for Congress

Consider the irony here.  Congress exempts themselves from ACA, clearly because it is far inferior to any other medical insurance plan.  On the other hand, Congress, in complete disregard for the Constitution, abrogates their sole and exclusive mandate as the only body that can enact fines, levies, and taxes by giving said authority over to federal agencies.  Examples: the Chevron deferral, in which congress allowed the EPA to fine Chevron.  Another:  Dodd-Frank, which allows the CFPB to levy fines against banks.
So not only does Congress create exemptions for their self-interest, they don’t even do the job laid out for them under the Constitution.  I applaud Trump for calling them out.
Go here for the WSJ article.

ObamaCare for Congress

Trump can change a rule that exempts Members from the law’s pain.

U.S. President Donald Trump speaks during a press conference on healthcare Washington, July 24.

U.S. President Donald Trump speaks during a press conference on healthcare Washington, July 24. Photo: Bloomberg News

By

The Editorial Board

President Trump likes to govern by Twitter threat, which often backfires, to put it mildly. But he’s onto something with his recent suggestion that Members of Congress should have to live under the health-care law they imposed on Americans.

Over the weekend Mr. Trump tweeted that “If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!” He later added: “If ObamaCare is hurting people, & it is, why shouldn’t it hurt the insurance companies & why should Congress not be paying what public pays?”

Mr. Trump is alluding to a dispensation from ObamaCare for Members of Congress and their staff, and the back story is a tutorial in Washington self-dealing. A 2009 amendment from Chuck Grassley (R., Iowa) forced congressional employees to obtain coverage from the Affordable Care Act exchanges. The Senate Finance Committee adopted it unanimously.

That meant Members and their staff would no longer enjoy coverage from the Federal Employees Health Benefits Program, which subsidizes up to 75% of the cost of a plan. The text of the Affordable Care Act says that staffers may “only” be offered plans created by the law or on the exchanges.

The law did not specify what would happen to the employer contributions, though Democrats claim this was merely a copy-editing mistake. A meltdown ensued as Members feared that staffers would be exposed to thousands of dollars more in annual health-care costs, replete with predictions that junior aides would clean out their desks en masse.

Mr. Obama intervened in 2013 and the Office of Personnel Management issued a rule that would allow employer contributions to exchange plans, not that OPM had such legal authority. One hilarious detail is that OPM certified the House and Senate as “small businesses” with fewer than 50 full-time employees, and no doubt the world would be better if that were true. This invention allowed Members to purchase plans on the District of Columbia exchange for small businesses, where employers can make contributions to premiums. This is a farce and maybe a fraud.

In last week’s Senate health-care debate, Wisconsin Republican Ron Johnson circulated an idea to block subsidies for Members, who earn at least $174,000 a year and would not receive generous taxpayer underwriting on the exchanges. The Johnson amendment would restore staff to the federal benefits program. Alas, the amendment commands almost no support. Not even Democrats want to sign up for their own policy.

But Mr. Trump could direct OPM to scrap the rule for Members, which is reversible because Mr. Obama reworked his own law through regulation that can be undone by a successor. Mr. Obama also refused to pursue a legislative fix for the problem lest Republicans demand something in return.

Revoking the rule would have the political benefit of forcing Members to live under the regime that Democrats rammed into law and Republicans have failed to fix. If Members are pained by higher premiums and fewer insurance choices, perhaps they will be inspired to fix the law for the millions who have had to endure it.

Appeared in the August 2, 2017, print edition.