Tatum’s ‘Trump shouldn’t be president’ rant – Awesome

Lets be honest, Trump Should Not Be President.   Your Sunday – In Touch With Reality Session This was recorded in December 2017. It is smack on relevant today as well as then.       This guy makes a lot of sense. I just came across this video but would have added earlier if I had seen it. For some who have a fetish about who or how someone speaks — Listen up. This guy represents the majority of Americans. His words resonate with those across America who are fed up with the Democrat stupidity and the Republicans laggards … Continue reading

Democrat lies perpetrated against Citizens on DACA and Immigration Reform since 2007

Congressional Democrat Lies perpetrated against US citizens on DACA and Immigration Reform since 2007 Democrats have held the majority vote in Congress from 2007-2011. From 2011 to 2014 they held the senate majority. In 2015-2016 the Republicans finally managed to gain control of both houses and even now the Republicans waddle when Democrats quack. Yet the Democrats were unable to pass bills on Immigration reform or on DACA. There is something fishy on this front — 2007 – Reid introduced a reform bill that ended up with over 185 amendments yet could not pass in the senate (out of 100 possible … Continue reading

Senate Bi-Partisan Budget Agreement Reached

White House Press Briefing Feb 7, 2018. It includes a short comment by Sec. Mattis as well.     McConnell speaks in Senate     “I’m pleased to announce that our bi-partisan, bicameral negotiations on defense spending and other priorities have yielded a significant agreement.” Mitch McConnell The compromise we have reached will: Ensure that for the first time in years, our armed forces will have more of the resources they need to keep America safe. Will help us serve the veterans who bravely served us. Will ensure funding for important efforts such as disaster relief, infrastructure, and building on … Continue reading

FISA memo release confirmation – Criminal referral request to FBI for Chris Steele

Criminal Referral Confirms Nunes Memo’s Explosive Claims Of FISA Abuse Details from government documents confirm there was inadequate verification of a partisan dossier used to justify surveillance of a Trump campaign affiliate. The Federalist Mollie Hemingway February 7, 2018 A criminal referral from top Senate investigators confirms explosive charges in last week’s House Intelligence Committee memo regarding abuse of surveillance authorities at the FBI and Department of Justice. It also reveals a host of problems arising from the bureau’s cooperation with foreign investigator Christopher Steele, who was working on behalf of Hillary Clinton’s presidential campaign. The eight-page memo from Senate Judiciary Committee … Continue reading

Appeals court rules consumer bureau’s structure is constitutional

Appeals court rules consumer bureau’s structure is constitutional     The Hill Sylvan Lane January 31, 2018 Language in the Dodd-Frank Act that gives the Consumer Financial Protection Bureau’s (CFPB) independence from Congress is constitutional, the U.S. Court of Appeals for the District of Columbia Circuit ruled Wednesday, overturning a 2016 ruling by three of the court’s judges. In a review of the court’s previous decision, PHH v. CFPB, the full court held that the bureau can exist as an independent agency with a sole director who can only be fired by the president for “inefficiency, neglect of duty, or … Continue reading

More bad news for DNC – former Missouri Chair pleads guilty to campaign fraud

Another domino falls across the nation highlighting election fraud and the rot within the DNC… Former Missouri Elected Official and His Chief of Staff Plead Guilty to Conspiracy to Commit Wire Fraud     Department of Justice Press Release January 26, 2018 The former County Executive for Jackson County, Missouri and his former chief of staff pleaded guilty today to conspiracy to defraud political campaign funds, announced Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division. Michael Sanders, 50, of Independence, Missouri, and Calvin Williford, 60, of St. Joseph, Missouri, each pleaded guilty to one count … Continue reading

Panicked FBI sent officials to WH to stop FISA memo release

Panicked FBI sent five officials to the White House to stop FISA memo, and look who they lobbied BizPak Review Samantha Chang February 1, 2018 In a move that should surprise no one, the top brass at the FBI — many of whom are Obama holdovers — does not want the FISA memo detailing alleged surveillance abuses of the Obama FBI released to the public. Less than a day after President Trump revealed he “100%” plans to release the memo, the FBI issued a statement claiming it has “grave concerns” about Americans seeing the memo. The White House plans to … Continue reading

Tucker Carlson Program – Four Page Memo on FISA Document Release

    Tucker validated that 190 House Republicans and only 12 House Democrats have taken the time and read the four-page memo that has been voted to be released. Interesting point that Bongino made — it was not accidental that Nunes went to the White House in order to find the originating document. It means that briefing of Obama had to include this information. Collusion vs Memo –00– I will be so glad when the memo hits the air and we ALL can see just why the Democrats are so frightened. We better have an entire list of bodies sitting … Continue reading

Pelosi Moment When Even a Staunch Liberal Commentator Questions

The Moment When Even a Staunch Liberal Commentator Questions and finally understands why Patriots have awoken     RealNewsNetworkMedia Published on Jan 29, 2018 Hours after the House Intelligence Committee voted along party lines to release the Nunes memo written by committee chairman Rep. Devin Nunes memo (R-CA) and his staff, House Minority Leader Nancy Pelosi appeared on CNN to make the case that this was a reckless action. And things got pretty tense between her and anchor Chris Cuomo. Playing devil’s advocate, Chris Cuomo continued to present the Republicans’ case for making the four-page document public. After Pelosi claimed … Continue reading

Florida Mayor Indicted after an FBI sting spanning several years

Hallandale Beach mayor accepted illegal checks from Russians, prosecutors say   Miami Herald by Martin Vassolo and Jay Weaver January 26, 2018 On a summer day in 2012, the Hallandale Beach mayor met in her City Hall office with two men she thought were wealthy landowners from California as well as a close acquaintance, South Florida attorney and lobbyist Alan Koslow. The landowners — FBI agents working undercover — would help finance Cooper’s re-election run. In return, she would push their construction project through the city commission. Koslow showed the mayor a proposed donation and asked if it was a … Continue reading

Chilling Numbers and Reason to push for Comprehensive Immigration Reform Act NOW

3 Out of 4 convicted terrorists came to US legally via current immigration system Judicial Watch January 17, 2018 “overwhelming majority of individuals convicted of terrorism are foreigners who entered the United States legally through various federal programs” Illustrating the national security threats created by the nation’s immigration system, the overwhelming majority of individuals convicted of terrorism are foreigners who entered the United States legally through various federal programs. Three out of every four convicted terrorists between September 11, 2001 and December 31, 2016 are foreign born and came to the United States through our immigration system, according to a … Continue reading

Democrat Sponsored Shutdown Now Occurring

“Give me your tired, your poor, your huddled masses yearning to breathe free.” Democrat platform on the surface surely reflects these words. However, the truth is far different. Had they really been thinking about those less fortunate people –They WOULD have prepared and approved a yearly budget already. –They WOULD HAVE ALREADY been prepared to follow through with bills on things they believe to be necessary after the budget had been approved. –They WOULD NOT HAVE acted like small, craven children who are afraid of their shadows in order to finalize a budget and get on with what they were … Continue reading

On Immigration Reform – Congress Time To End Procrastination

On Immigration Reform – Congress Time To End Procrastination I went back through the bills submitted to Congress every year since 2003 to see exactly what if anything has happened along the way concerning illegals and lawful immigration. I do NOT agree with the method Obama used in his illegal executive order to pinpoint a few members of the illegal immigrant community. However, I do see his frustration causing some of the action as I also see in large part the frustration of those who want to become citizens that may have been here for many years. I do NOT condone … Continue reading

GOP Looks to Tackle Welfare Reform

As Republicans move into 2018 with a major win in tax reform, they look toward a new legislative goal — welfare reform. One America’s Kendall Forward has more from Capitol Hill. Wait for it… Republicans are racists… 3… 2… 1… Democrats want to keep people on welfare for the purpose of control.  That’s a simple fact.  Has been since 1965. While the GOP is at it, purge the illegals off the welfare rolls.  What a concept! ~ Hardnox

Another Trump Achievement -First DoD Department Wide Audit Underway

DoD Owes Taxpayers Full Accounting of Assets, Comptroller Tells House   For decades, IG auditors and the Office of Management has said that the Department of Defense needed a comprehensive audit. Resistance from inside the DoD, their insistence on autonomy, and the lack of will of congress members to demand have created a very poor understanding of the spending habits and use of taxpayer money within defense.  Speculation has been riff of massive overspending, unnecessary spending, and redundant spending for an equally long time. When President Trump came in, he campaigned on the promise of real “draining of the swamp.” … Continue reading

THE PURGE: RATS ARE BEING ROUNDED UP

You’re gonna love this… Be sure to let your imagination run wild, ok. Mine has. This year is gonna really suck if you’re a leftist libtard, a RINO, a Hollywood weirdo, a Trump-hater or a democrat, et al; that’s for damned sure! Enjoy! ~There’s got to be a law against having this much fun hearing about the demise of another…bwahahahaha! Naa… I’ll get over it…lol

Voters Be Aware – Know Candidate Backgrounds and Vote

Conservative Voters Be Aware 2018 Is Shaping Up To Be A Dangerous Year In Politics     An up-to-date list of politicians who have so far announced that they plan to retire, tendered resignations or suggested they will, or run for another office in 2018 can be found at Ballotpedia.  According to them, as of 01/07/18 there are: 3 Senate members (all Republican) not seeking re-election 40 representatives not seeking re-election :  Democratic 14 and Republican 26 Incumbents seeking Senate seat: Democratic 3 and Republican 5 House members running for governor: Democratic 4 and Republican 5 Incumbents retiring from public office: … Continue reading

New GOP Tax Plan Seems To Fail Truly Small Businesses

If the Democrats could shelve their tired and weary class warfare rhetoric, they’d realize that a good case can be made against some key parts of the new GOP tax plan.  This plan seems to fail to help truly small businesses — the actual mom & pop operations like independent retailers, single franchise owners, stable operators, independent medical practitioners — and instead is designed to benefit “big small” businesses as well as corporations.  I’ve heard these complaints from entrepreneurs whom I’ve known for years — and they are most assuredly pro-Trump, every one of them.  But the Law of Unintended … Continue reading

Mitch McConnell Hit in the Head

Declares that he likes President Trump’s tweets now. Well, no shit Mitch.  PDJT tweets because you, the Rinos under your control, and 99% of the media are against him.  POTUS had no choice except to use Twitter to disseminate information. Now, suddenly… you taste victory.  Now do the job you were elected to do.  While you’re at it, beat the shit out of the left. ~ Hardnox

Improving the Tax Cuts and Jobs Act

Improving the Tax Cuts and Jobs Act: A Path for the Conference Committee

Heritage Foundation
Adam Michel
December 6, 2017

SUMMARY

The House and Senate each past different versions of the Tax Cuts and Jobs Act. The two versions now head to a conference committee where select lawmakers from both chambers will work towards one unified bill. The conference committee should begin with the Senate-passed bill because the political balance struck in the Senate will be important to maintain for final passage. The House bill, however, has many worthy provisions that will make the Senate bill even stronger.

The Best Parts of the House and Senate Plans

1. 20 Percent Corporate Tax Rate and Expensing. In both bills the corporate tax rate is cut from 35 percent—one of the highest rates in the world—to 20 percent. A 20 percent federal corporate tax rate is the upper bound for global tax competitiveness. Even after adoption of this recommendation, when average state taxes are added in, the U.S. would still have an average cumulative tax rate higher than the worldwide average of 23 percent.

2. Elimination of Tax Subsidies. Both the House and the Senate bills eliminate the state and local tax deduction for income and sales tax and cap the property tax write-off at $10,000. This true structural reform will increase the efficiency and fairness of the entire U.S. tax system. Removing the state and local tax deduction ends the current economically destructive subsidy whereby similar taxpayers in low-tax states pay higher federal taxes than those in high-tax states.

3. Individual Mandate Repeal. The conference committee should include the Senate’s repeal of Obamacare’s individual mandate. Zeroing out the tax, which forces individuals to buy health insurance, would provide tax relief to millions of Americans who cannot afford the rising costs of Obamacare insurance. Repealing the mandate would put anywhere between $695 and $13,100 back into the pockets of American families, if they choose to not purchase the type of health insurance that Obamacare requires.

4. Education Savings Accounts Expansion and Tax Credits Simplification. The House bill includes two important simplifications to education policy that are largely left out of the Senate reform.

Room for Improvement

1. Individual Tax Rates. Neither the House nor the Senate lower personal taxes as far as they should. The House plan consolidates the number of tax brackets from the current seven down to four, but does not lower the current top tax bracket of 39.6 percent. The plan actually raises marginal rates on some taxpayers making over $200,000 and includes a new “bubble tax rate” of 45.6 percent for some high-income earners.

2. Business Deductions. In response to concerns that small and pass-through businesses did not receive a big enough tax cut in the original Senate bill—a dubious claim—the Senate expanded the business deduction from 17.4 percent to 23 percent.

Outstanding Problems in Need of Solutions

1. Repeal the Alternative Minimum Tax. The House bill rightly eliminates the alternative minimum tax (AMT) in both the corporate and individual tax codes. The Senate bill retains both AMTs and raises the threshold where the tax kicks in for individuals.

2. Repeal the Estate Tax. The Senate, like the House, doubles the basic exclusion for the estate tax from its current $5.49 million per person. The Senate, however, never fully repeals the death tax.

3. Make Good Tax Policy Permanent. Due to Senate budget rules, the Senate reforms have many temporary provisions for both individuals and businesses. Tax policy should not be temporary, but instead should strive to provide certainty for taxpayers, now and in the future. Political realities of the Senate budget process mean that many provisions will remain temporary.

Read his analysis and charts HERE.

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The Democrats would have us believe that this new Tax Plan is a serious threat and would bankrupt the country. Perhaps they should remember that the tax code is more easily amended than nearly any act. Maybe they just don’t think Republicans can provide such a “wonderful” product as their own party members produced. Perhaps their objections are because two prominent DEMs wrote the code — Representative Richard Gephardt of Missouri and Senator Bill Bradley of New Jersey. Even the revisions of note were submitted by Democrats: the Revenue Reconciliation Act of 1990 under President George H.W. Bush and the Revenue Reconciliation Acts of 1993 under President Bill Clinton. There was a revision during GW Bush in 2001 that was Republican but it was repealing several penalties inflicted by the prior revisions.

Not one single completely new Tax Plan has been submitted by Democrats since 2009 including during this congressional session. They could have but chose to pick at the older Tax Code and add relief or “fix” only specific items of interest. The Republicans on the other hand have seemed to submit almost yearly at least one bill for a tax overhaul since 2009. So why are the Democrats objecting now — could it be they simply are realizing they might lose control if someone besides themselves actually comes up with a workable plan?

I do not believe that one party or the other has a “corner on the market” in writing tax codes, in fact I shudder when I consider that we are being basically “double and triple taxed”given that the colonies broke away from England over this very issue.

Maybe the tax plan won’t be a great one but then neither was the previous tax code.  U.S. Code: Title 26 -Internal Revenue Code has been on the books since 1986.  It has been added to, rarely revised, and constantly discussed since the day it was signed by the President. This plan will be no different but hopefully will start from a clean slate instead of saying “replace  the word xxx with yyy”.

Heritage Foundation has increasingly received recognition for their work and the current administration seems to rely on their opinions. This is why I am posting their information.

Without getting technical, I can at least see what they are agreeing with, worried about, and concentrating on. It gives me a lot more confidence to know that more than a few professional financial/tax advisors are carefully following what is being crafted into this bill. I just hope that the final product is worth all the angst and rants. 

I personally want to see that the 501(c)3 is slashed out of existence but have yet to see anything that suggests that will happen.

Still hope this helps a little for those like me who aren’t up on things and can only hope the final product is reasonable.

–Uriel–