WarMachines.com

Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


WarMachines.com

Archives by tag

Republicans Bet The Farm

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 […]


The Big Problem With The GOP Tax Cut, Charted

While the jury will be out for years whether the Trump tax cuts will boost the economy (they already had an outsized impact on markets, pushing the Dow by nearly 5,000 points higher since Trump’s election), there are several key problems that remain outstanding. The first one, as the following JPMorgan chart shows, is that […]


House Passes Trump Tax Plan For Second Time

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 224-201. As the Financial Times pointed out, "the vote gives the president a longed-for legislative victory […]


House Passes Trump Tax Plan For Second Time With Only 1 Republican Voting Against

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 232-190. The only difference was that only one Republican voted against the bill during its second […]


Watch Live: House Holds Second Vote On Tax-Reform Plan

The House of Representatives is voting for the second time on the final version of the Republican tax-reform plan. If the bill passes and is signed into law by President Donald Trump, it would be the first piece of comprehensive tax reform in 31 years. Watch it live below: Democrats, who have nicknamed the bill […]


Tax-Reform Opponents Blast Treasury Report As “Nothing More Than One Page Of Fake Math”

Yesterday, we highlighted a one-page report prepared by the Treasury Department which claimed that – in what was perhaps one of the most unrealistically optimistic budget projections to ever be produced by the US government agency – the Senate’s version of the Republican tax plan would, somehow, bolster GDP to a 2.9% real growth rate […]


David Stockman Slams The GOP Tax Bill: “Fuggedaboutit!!”

Authored by David Stockman via Contra Corner blog, The GOP has become so politically desperate that they might as well enact a two-word statute and be done with it. It would simply read: Tax Bill! Actually, that's not far from where they are in the great scheme of things. The Senate Finance Committee's bill is a dog's breakfast […]


In Win For White House, Rand Paul Says He Will Vote ‘Yes’ On Tax Reform

In a surprising reversal that President Donald Trump will undoubtedly tout as a major victory, Kentucky Senator Rand Paul has publicly confirmed that he will be voting ‘Yes’ on the GOP tax plan when the senate votes on it later this week. Paul says he will vote ‘yes’ even though the tax overhaul “isn’t perfect” […]


Stockman On America’s Fiscal Sundown, Part 1

Authored by David Stockman via Contra Corner blog, The Senate Finance Committee tax bill is not supply side and it's not even a tax cut; it's a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism. Contrary to the Donald's delusional promise that the American people will get some tax cut sugar plums for Christmas, […]


A Fiscal Disappointment – Of Tax Reform & Growth Fairies

Via RealInvestmentAdvice.com, I encourage you to take a few minutes to review my previous analysis of the effectiveness of tax cuts on the economy. Bull Trap – The False Promise Of Tax Cuts 3-Myths About Tax Cuts It’s The Debt, Stupid The Committee For A Responsible Budget penned after the passage of the tax bill: “The […]


Weekend Reading: It’s The Debt, Stupid

Authored by Lance Roberts via RealInvestmentAdvice.com, As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, […]


The Tax Cut Scam

Authored by Sven Henrich via NorthmanTrader.com, I can’t help shake this sinking feeling: This tax cut package that is being peddled by the current administration is a scam. Why? Because the entire narrative is dishonest and predicated on false, make belief premises. Rich guys giving themselves tax cuts telling you it'll trickle down & economic […]


Dr.Doom Exposes Trump’s Tax Plan As “A Plot Against The 99%”

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 […]


3 Myths About Tax Cuts

Authored by Lance Roberts via RealInvestmentAdvice.com, On Friday, I touched on the proposed “tax cut/reform” bill introduced by the House Ways and Means committee which is chaired by Congressman Kevin Brady. Some of the key highlights of the “House plan”  are as follows (courtesy of Zacks Research): No change to 401(k) contribution caps Repeal the […]