1. Trump drops his tax proposal...
President Trump on Wednesday proposed sharp reductions in both individual and corporate income tax rates, reducing the number of individual income tax brackets to three — 10 percent, 25 percent and 35 percent — and easing the tax burden on most Americans, including the rich.2. NAFTA is about to get knocked out...
The Trump administration would double the standard deduction, essentially eliminating taxes on the first $24,000 of a couple’s earnings. It also called for the elimination of most itemized tax deductions but would leave in place the popular deductions for mortgage interest and charitable contributions. The estate tax and the alternative minimum tax, which Mr. Trump has railed against for years, would be repealed under his plan....
President Trump is likely to sign an executive order formally withdrawing the United States from the North American Free Trade Agreement, according to a senior administration official, a move that would set the stage for renegotiating the deal with Canada and Mexico and fulfill one of Mr. Trump’s major campaign promises.3. Healthcare reform comes back to life...
In recent days, the White House has announced that it will impose tariffs on Canadian lumber and asserted that Canada has treated the American dairy industry unfairly.
The House Freedom Caucus, a group of hard-line conservatives who were instrumental in blocking President Trump’s plan to repeal the Affordable Care Act last month, gave its approval Wednesday to a new, more conservative version, breathing new life into Republican efforts to replace President Barack Obama’s health law.
Senior White House officials, led by Reince Priebus, the chief of staff, have relentlessly pressed Republicans to revive the health care push before Mr. Trump’s hundred-day mark on Saturday, and with conservatives falling into line, the bill has a chance to get through the House, possibly as early as Friday....
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I need to see the details, but looks fine from here.
instrumental in blocking President Trump’s plan to repeal the Affordable Care Act last month
There was NO plan to repeal ObamaCare. There was a plan to amend it and to amend it in a way to keep -- and therefore take ownership of -- the most offensive, anti-freedom aspects of it. And it was Ryan's plan, not Trump's.
Wasn't Obama heading off to Oslo to receive his Nobel prize at about this time??
Mark said...
instrumental in blocking President Trump’s plan to repeal the Affordable Care Act last month
There was NO plan to repeal ObamaCare. There was a plan to amend it and to amend it in a way to keep -- and therefore take ownership of -- the most offensive, anti-freedom aspects of it. And it was Ryan's plan, not Trump's.
Did Trump ever have a plan? I know the answer; he didn't. Of course he didn't. Nothing close. What Trump had, was a mandate of the most dubious kind. A "mandate," to supply a brilliant, simple, cover-everybody, provide better coverage, with lower prescription prices, and just all-around dazzlingly wonderful benefits for less money than you are paying now. Which was, on balance, ridiculous.
Had Pelosi proposed this ObamaCare amendment bill as the original version back in 2009-10, the Republicans would have rightly condemned it and voted against it. No reason to vote for it now.
So, the first 12 grand per person would be w/o tax (not incl payroll taxes, presumably). What do those folks who care about being taxed on 12 grand currently pay? I've always assumed there's earned income credits or something else that means they're not paying much anyway. So, now they'd pocket some handful of hundred dollar bills a year.
Anywho, that seems like a fair price for the corp rate and death tax thing-y.
Carry on.
Did Trump ever have a plan?
Are you ever not a bore?
The best "100 days" Tweet I've seen came from "Sean Spicier," a Sean Spicer parody: "Everyone keeps leaving out the best part of the President's first 100 days: It's not Hillary's first 100 days."
He going to have his First 100 Days in the second 100 days.
I think the best accomplishment is that nothing terrible has happened.
Considering the horror that was predicted, I'd say if he's done nothing, he's outstripped expectations.
My old aphorism is: Better than nothing is a high standard.
"My old aphorism is: Better than nothing is a high standard."
Obviously you don't believe this.
But, if ya did, that'd be an innovative way to hand out grades to students.
I think the best accomplishment is that nothing terrible has happened.
Well, you have really set the bar high, haven't you?
You voted for him, didn't you? You're so ashamed of yourself you won't even admit that.
Thirty-six states had high risk pools that worked and provided excellent coverage at an affordable cost prior to the ACA. Some states have been unable to completely wind up their pools because they still have people in their high risk pools because those persons have not been able to find comparable coverage at a reasonable cost on the Exchange. The fact that people would rather stay in these risk pools than take what is in the Exchanges should demonstrate that the risk pools have a good chance of being more successful at providing coverage to persons with pre-existing conditions than the ACA.
You are not paying enough attention to the elimination of the state-and-local tax deduction. Gee, where do all the people paying very high state income taxes happen to live? Not in red states...
Trump must be getting tired of Little Paulie Ryan losing everything that Trump is setting up for a win in the first 100 days.
Ryan's sole criteria for every action he takes seems to be how to stall Trump's agenda until the public frustration or an assassin's bullet elimintes this meddlesome amateur from the Koch Brothers paid for play pen.
What do those folks who care about being taxed on 12 grand currently pay? I've always assumed there's earned income credits or something else that means they're not paying much anyway.
EITC is, essentially, available only to families with children. (I think a single person living at poverty level is entitled to the princely sum of $125 a year or something like that.) For people near the bottom of the income scale who don't have dependent children, doubling the standard deduction will make quite a bit of difference.
It's very disturbing that people have become comfortable with saying that reducing taxes is 'giving money to [the rich]', and that it is the financing of whatever it is the government does that's what precedes everything. Government needs a new yacht, after all.
I think that "Trump drops his tax proposal" should mean that he withdrew it.
For 100 days, he has not transformed into Hillary Clinton. Success!
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