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Authored by Patrick Buchanan via Buchanan.org, President Trump, every Republican senator, and the GOP majority in Speaker Paul Ryan’s House just put the future of their party on the line. By enacting the largest tax cut since the Reagan administration, the heart of which is cutting the corporate rate from 35 to 21 percent, Republicans […]
Authored by Lance Roberts via RealInvestmentAdvice.com, Since the election, equity bulls have been pinning their hopes on “tax cuts” as the needed injection to support currently elevated stock prices. Stocks have advanced sharply since the election on these expectations, and while earnings have recovered, primarily due to the rise in oil prices, whatever economic growth […]
With roughly 14 sessions of Congress left before the New Year break, the GOP’s chances of passing comprehensive tax reform by the end of the year – as the White House has promised to do – are looking increasingly remote. So far, the biggest obstacle – as with the Republicans disastrous failure to repeal and […]
Authored by David Stockman via Contra Corner blog, After the Berlin Wall fell in November 1989 and the death of the Soviet Union was confirmed two years later when Boris Yeltsin courageously stood down the red army tanks in front of Moscow's White House, a dark era in human history came to an end. The world had descended into what had been a […]
Authored by Nouriel Roubini via Project Syndicate, US President Donald Trump, in partnership with congressional Republicans, is pursuing tax cuts that will blow up the fiscal deficit and add to the public debt, while benefiting the rich at the expense of middle- and working-class Americans. Once again, Trump has not hesitated to betray the people […]
Authored by Greg Hunter via USAWatchdog.com, Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there […]
Barely a day after Gary Cohn told an audience at the annual meeting of the American Bankers Association that Congress has a “unique opportunity” to pass tax reform by the end of the year, Treasury Secretary Steven Mnuchin – who shares responsibility for the administration’s tax agenda alongside Cohn – acknowledged the truth about Trump’s […]
Confirming rumors that had circulated earlier in the day, Sen. John McCain said Tuesday evening that he would ‘yes’ on a budget bill that once passed will unlock reconciliation, allowing the senate to pass President Trump’s tax reform plan with a simple majority. While it’s still unclear if the budget bill has enough votes to […]
Authored by Robert Parry via ConsortiumNews.com, When the Reagan administration launched peacetime “psyops” in the mid-1980s, it pulled in civilian agencies to help spread these still-ongoing techniques of deception and manipulation… Declassified records from the Reagan presidential library show how the U.S. government enlisted civilian agencies in psychological operations designed to exploit information as a […]
In the week that’s passed since the White House unveiled its tax-reform plan, Republicans and Democrats have expressed their reservations about the proposal, particularly after an analysis from the non-partisan Tax Policy Center suggested that taxes would rise over the coming ten years for most members of the middle class if the proposal were passed […]
Having raged against President Trump's '1500-word-airball' of a tax reform plan, the Reagan administration's director of the Office of Management and Budget, David Stockman told CNBC this week that Wall Street is "delusional" for believing it will even be passed. "This is a fiscal disaster that when they [Wall Street] begin to look at it, […]
Authored by EconomicPrism's MN Gordon via Acting-Man.com, Preventing the Last Crisis Clear thinking and discerning rigor when it comes to the twisted state of present economic policy matters brings with it many physical ailments. A permanent state of disbelief, for instance, manifests in dry eyes and droopy shoulders. So, too, a curious skepticism produces etched […]
Authored by Mike Krieger via Liberty Blitzkrieg blog, About 10 years ago, Tim Wu, the Columbia Law professor who coined the term network neutrality, made this prescient comment: “To love Google, you have to be a little bit of a monarchist, you have to have faith in the way people traditionally felt about the king.” Wu was […]
Today at 3pm, President Trump will sign a memo addressing “China’s laws, policies, practices, and actions related to intellectual property, innovation, and technology” effectively launching the first shot in what many predict will blossom into an all-out trade war with China. As discussed over the weekend, administration officials said Saturday that memo will direct U.S. […]