Larry Elder plays CBS’ tax special with three families (watch the CBS video here at TOWNHALL) from different incomes: (a) little under $40,000 a year; (b) more than $150,000 a year; (c) couple’s combined income was $300,000. Turns out ALL THREE will get a tax return. The Democrats know they are in trouble!
Here Are The Winners And Losers Of The New Tax Law — In that article is a link to THIS TAX CALCULATOR
Did you know that the U.S. federal government collects more than $3 trillion in taxes each year? Where does all that money come from?
Michael Medved deconstructs Abigail Disney’s positions in her video activism attacking [mainly by straw-men] the new Tax law. (Abigail is the grand-daughter of Walt Disney’s brother, Roy O. Disney.) Many disagreeing calls are taken, per Medved’s habit.
This interview took place minutes after the House passed the tax bill. There were things in this bill I had no idea were in there. Here is what I posted on my Facebook:
- I finally know why the Dems are Soo bent out of shape over the tax bill. I was listening to Rush Limbaugh interview Paul Ryan. Wow! Talk about a YUGE conservative win on many fronts. F-O-R INSTANCE – ANWR is opened up for energy resources! WOW! You know how many years Repubs and conservatives wanted this! Awesome.
GAY PATRIOT notes the rhetoric in our Democrat Left:
White House Press Secretary Sarah Huckabee Sanders Uses Beer To Explains Tax-Cuts!
Ahhhhh, I Get It
Did you know that U.S. businesses are taxed at one of the highest rates in the developed world? How bad is it? And why should you care? Watch this short video to find out.
This video is part of a collaborative business and economics project with Job Creators Network. To learn more visit about JCN.
(Originally posted in July of 2012, re-posted as a response to Dennis Prager asking if Paul Krugman has ever debated anyone. RARELY, but here is one of the few examples)
Just so many know, Krugman never debates, and this is one of the only times I am aware of he has. From Video Description:
Tyler Durden submitted this much longer presentation (which I shortened) over at Zero Hedge, and points out the emotional clash between the two economists that is sure to be watched by the many free-marketers out there. Tyler entitled this posting, “The Ultimate Krugman Take-Down,” …he continues:
Forget Ali – Frazier; ignore Santelli – Liesman; dismiss Yankees – Red Sox; never mind Silva – Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend. During a debate on Europe’s crisis, Pedro Schwartz (a mild-mannered Spanish ‘Austrian’ economics professor) took on the heavyweight Paul ‘I coulda been a Fed Chair contender’ Krugman, and – in our humble opinion – wiped the floor with his Keynesian philosophy. From the medicinal use of more debt to fix too much debt, to the Japanization of world economies and the demand-side bias of every- and any-thing – interested only in the short-term economic growth; the gentlemanly Spaniard notes, with regard to the European crisis, the fact that “Keynesians got us into this mess and now we have to sacrifice our principals so that they can get us out of this mess”. Humble and generous in his praise – though definitively serious with his criticism – Schwartz opines: “Often Nobel prize winners are tempted to pontificate on matters that are outside the specialty in which they have excelled,” noting “the mantle of authority whereby what ever they say – whether sensible or not – is accepted with resignation from some and enthusiasm by others.” Krugman’s red-faced anger is evident at the conclusion as he even refused to shake Schwartz’s hand after the debate.
Dennis Prager reads from an IBD ARTICLE about the benefits from Trump’s tax plan… AS WELL AS starting out the show by showing the ludicrous nature of the envious Left. I include a dissenting call to end the upload.
GAY PATRIOT has some key bullet points:
- Slightly lower personal income tax rates. (Top rate from near-40% to 35%.)
- Eliminating almost all income tax deductions, except mortgage interest and charitable contributions.
- Much lower corporate income tax rates. (Top rate from 35%, one of the world’s highest, to 15%.)
- A one-time tax on overseas business profits. (That haven’t been repatriated to the U.S. Apple has a lot.)
- A “territorial system” where future profits that corporations earn abroad, are not taxed.
- Repealing a bunch of taxes and complications, most notably the Alternative Minimum Tax (AMT) and the estate tax.
Here is an excerpt from the article mentioned:
This is what happens when one party controls government in the state:
(Originally posted on the 27th of January)
People warned the Democrats… “what would happen if a Republican does what your guy did?” Well…
Mark Levin gives us an Econ 101 class on tariffs and taxes. This is why the unions love this because it protects their jobs and not other businesses in the States. An interesting part of the call which I stitched to before the other segment is an article in the Wall Street Journal which notes that the reason car manufacturers build in Mexico is due to free-trade agreements:
- Audi says that an array of free trade agreements favors Mexico over U.S. sites. Its not just the price of skilled labor that is attractive to Audi. If you think about a $50,000 car made in the U.S. that is then exported to Europe there is a 10% duty on that car. So that’s $5000 in duties that Audi is paying. When that same car is made in Mexico there is no duty. This means with an already concentrated area of auto manufactures in Mexico, low cost skilled labor and free trade agreements it is a huge win for Audi and it will be easy to do business. No reinventing the wheel or stepping out alone as the only auto manufacture, Audi is simply following suit. (WSJ)
Not only will these Executive Orders (E.O.) worsen us in the long run (unless this administration has something else up their sleeve), it is the same thing we gripped about when Obama was President and Left leaning legal scholar, Jonathan Turley said was not what the office of President was intended for. Agreed.
What is interesting is the juxtaposition the Dems find themselves in regarding the E.O.’s. You see, you had many challenges to Obama’s E.O.’s and he holds the record for the most overturned by the Supreme Court (SCOTUS) in our history as a country. But they were brought to the court mainly by Republican Attorney Generals in a state[s] or a group — or a combination thereof. AND YES, many of these actions Trump is taking with his pen and paper are just as unconstitutional. However, in 2018 we find this:
- The GOP will be defending just eight seats, while Democrats must fight for 23 — plus another two held by independents who caucus with Democrats. (THE HILL)
This means that since the Democrats know their constituents are already upset enough at them to switch parties… why would you rock the boat on some of these executive orders that they know their constituents like. Like the car manufactures/unions. What Democrat in their right mind would bring a case to SCOTUS to overturn something they wish they had did?
Or how bout’ the growing concern in the black community about jobs and the influx of illegal immigrants? You see, they type of people Trump is putting on the Court would vote AGAINST what Trump is doing. They are originalists, and so, the Democrats would certainly win these cases if brought before the conservative Court.
AGAIN… they also have to win in 2018. They are essentially protecting 25-seats… 10 of which are “red-state” seats.
So many of these E.O.’s Trump is writing could easily be overturned if moved forward by the Democrats. Right now however, doing so would be politically dangerous for them. For now at least.
Again, I emphatically agree with HOTAIR… Executive Orders Are Not The Way To Do Policy…Even Good Ones
(H-T to REGGIE DUNLOP for the above)
What leftist is going to bring the above to the Court? This is how I described it on my Facebook:
In other words… if Trump were truly a dictator looking to split the branches of government… he would pick Justices who would support his Executive Orders.