Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Taxes

Trump’s 2018 Budget Won’t Touch Social Security, Medicare

This article appeared online at TheNewAmerican.com on Monday, February 27, 2017:

English: The standard Laffer Curve

The standard Laffer Curve

Treasury Secretary Steven Mnuchin said on Fox News on Sunday that cuts in entitlement programs — i.e., Social Security and Medicare — won’t appear in the president’s budget: “We are not touching those now. So don’t expect to see that as part of this budget, OK? We are very focused on other aspects and that’s what’s very important to us.”

Trump’s budget for fiscal year 2018 (starting October 1, 2017) is expected to be presented to the House on Monday, March 13, just two weeks away. And there are a lot of moving parts that must be glued into place before then.

Those parts include

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The Restoration of Liberty Begins with Budget Cuts

This article was published by The McAlvany Intelligence Advisor on Monday, February 27, 2017:

English: Anti-United States Internal Revenue S...

For proof, look what’s happened to the IRS. A combination of pique and outrage has caused Congress to cut the agency’s budget each year since 2010, except for a slight uptick last year. As a consequence, it now employs fewer than 80,000 people, down from 94,722 in 2010, with its enforcement arm suffering the most, losing 30 percent of its field agents.

The consequence was predictable.

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Bill to Repeal Obamacare Represents Major Paradigm Shift

This article was published by The McAlvany Intelligence Advisor on Friday, February 17, 2017:

English: A Portrait of Thomas Jefferson as Sec...

Thomas Jefferson

Thomas Jefferson said many things on which classical liberals and libertarians agree. The one most apropos to Obamacare is this: “The natural progress of things is for liberty to yield and government to gain ground.”

Anything that requires government force (or threat of) to gain compliance is, on its face, immoral. But Obamacare did something else: it was a deliberate forced attempt to shift personal responsibility for one’s health care from a citizen to his government. Jefferson had this to say about that:

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Not All Travel Bans Apply to Foreigners

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 8, 2017:

The federal government published the final rules on Monday on just how the Department of Transportation, the Department of State and the Internal Revenue Service, working together, can disrupt one’s plans to travel abroad:

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Another Travel Ban: This One From IRS, for Back Taxes

This article appeared online at TheNewAmerican.com on Tuesday, February 7, 2017:

The Internal Revenue Service (IRS) has released its final details on just how it can revoke American citizens’ passports for being behind in paying their taxes. Effective Monday, February 6:

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Trump’s Regulatory Executive Order: One In, Two Out

This article appeared online at TheNewAmerican.com on Monday, January 30, 2017:

Official Portrait of President Ronald Reagan

White House officials described President Donald Trump’s Executive Order for “Reducing Government Regulations and Controlling Regulatory Cost” as Trump’s “one in, two out” plan: For every regulation promulgated by a federal agency, that agency must “identify” two existing regulations to be targeted for extinction.

The order also sets a cap of $0 for the cost of new regulations, with the only exceptions being military and national security regulations. The president said when signing the order,

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Trump Pick for Management & Budget Talks Raising Retirement Age

This article appeared online at TheNewAmerican.com on Wednesday, January 25, 2017:

Representative Mick Mulvaney (R-S.C., shown), President Donald Trump’s pick to head up the Office of Management and Budget (OMB), touched the famous “third rail” of American politics during his confirmation hearing on Tuesday. Testifying before the Senate Budget Committee, Mulvaney was pressed hard for his views on Social Security by Senator Lindsay Graham (R-S.C.): “Do you think we need to look at adjusting the [retirement] age yet again because we live longer?”

Replied Mulvaney, “I do, yes sir.”

His response was unsettling to Senator Debbie Stabenow (D-Mich.), who declared,

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ALEC, United Van Lines Studies: People Moving to Lower-tax States

This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:

State Seal of South Dakota.

State Seal of South Dakota.

The American Legislative Exchange Council (ALEC) just released its latest Rich States, Poor States study showing how states measure up in economic performance based on three variables, and then ranking them in a forecast based on 15 variables. Its conclusion is the same this year as in the past:

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Charles Rangel, 23-term N.Y. Democrat, Finally Packs It In

This article appeared online at TheNewAmerican.com on Friday, December 30, 2016:  

English: U.S. Congressman Charles B. Rangel's ...

In one of his last interviews with reporters, Rep. Charles Rangel (D-N.Y.) said it was finally time, after 46 years, to leave Washington: “I did not ever think about leaving. I have mixed feelings. But the way the political races have turned out, I can’t wait to get out of here,” he declared.

Those tracking his dismal political performance over 23 terms in Washington, along with his breathtaking moral and ethical lapses and failures, no doubt feel the same way. A reporter with the Washington Times summed up his career nicely:

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LOL Illinois: Corporate Group Works to Keep State From Becoming a Laughingstock

This article appeared online at TheNewAmerican.com on Wednesday, December 28, 2016:  

English: 1987 Illinois license plate

The name of the group LOL Illinois can taken two ways: Land of Lincoln, or Laughing Out Loud. As Scott Santi, chairman of Illinois Tool Works, which employs 48,000 workers around the world, noted:

There’s a crisis of confidence in terms of a plan to address some pretty significant structural problems in the state. It’s challenging for Illinois to be competitive given the uncertainty around the fiscal crisis.

“Crisis of confidence”? “Challenging”? “Uncertainty”? Illinois was headed into oblivion until Bruce Rauner, the first Republican governor in 12 years, faced reality.

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Will Mick Mulvaney Pull Trump’s Financial Fat Out of the Fire?

This article was published by The McAlvany Intelligence Advisor on Monday, December 19, 2016:  

English: Official portrait of US Rep. Mick Mul...

Michael “Mick” Mulvaney (shown) rode the Tea Party wave in 2010 into Congress, replacing a 14-term Democrat from South Carolina’s 5th District. He has been handily reelected ever since. He took his oath of office seriously, saying in 2010 that “If political reporters want to know what drives the Tea Partiers, it is their belief in the Constitution. That’s what has always driven me in politics and will guide me in Congress.”

He remained as true to his word as any of those riding the same wave,

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Simmering Greek Financial Crisis Explodes Once Again

This article appeared online at TheNewAmerican.com on Thursday, December 15, 2016:  

Under the terms of its last bailout, Athens (above) was required not only to continue to impose harsh austerity terms (higher taxes, less government spending, better accountability, and increased tax collection enforcement onto Greek citizens) but to inform the unelected “higher” European authorities of any change in those terms by Athens.

Last week Athens unilaterally

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Texas Congressman Proposes “Permanent” Fix for Social Security

This article appeared online at TheNewAmerican.com on Saturday, December 10, 2016:  

Congressman Sam Johnson (R-Texas), chairman of the House Ways and Means Social Security subcommittee, presented his plan, the “Social Security Reform Act,” on Thursday, which he called “a plan to permanently save Social Security.”

His proposal involves the same solutions often proposed by others trying to keep Social Security from going broke: cutting benefits, raising the retirement age, adding “means” testing, and cutting or eliminating altogether the COLA — Cost of Living Adjustment.

According to Michael Linden, an associate director at the liberal Center for American Progress, the cuts to benefits would be severe — between 11 percent and 35 percent — and they would include those already receiving Social Security benefits. Social Security actuaries who analyzed Johnson’s plan (at his request) came up with different numbers: Cuts would range from 17 percent to 43 percent but over a longer time period and with the same conclusion: everyone in Social Security (with the exception of the lowest-income participants) would take a hit under Johnson’s plan.

Nowhere in Johnson’s plan is any mention of privatizing the program, which is surprising, as it was a topic of discussion during the Republican presidential debates. Rand Paul, Mike Huckabee, Rick Perry, and Ted Cruz all expressed their support for privatizing Social Security as the best way to solve its myriad problems.

Here are some of those problems:

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“Upside Sensitivity” the New Buzzword as Companies Plan for Trump Economy

This article was published by The McAlvany Intelligence Advisor on Friday, December 9, 2016: 

English: Photo of the AT&T Midtown Center in M...

AT&T Midtown Center in Midtown Atlanta, Georgia.

AT&T’s Chief Executive, Randall Stephenson, spoke to a UBS investment conference on Tuesday, introducing a new phrase that more and more American companies will shortly be adopting: “upside sensitivity” studies. He spoke of how less government oversight and lower taxes would impact his business, expressing optimism that “a more moderate approach to some of those regulations is in the making under a Trump administration.” He then added:

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Trump Picks Former Goldman Sachs Banker for Treasury Secretary

This article appeared online at TheNewAmerican.com on Wednesday, November 30, 2016:  

English: Logo of The Goldman Sachs Group, Inc....

One of the first criticisms over Donald Trump’s nomination of former Goldman Sachs banker Steven Mnuchin on Wednesday for Treasury secretary came from the Democratic National Committee: “So much for draining the swamp … nominating Steven Mnuchin to be Treasury Secretary is a slap in the face to voters who hoped [Trump] would shake up Washington.”

Just the name “Goldman Sachs” sends shivers down the backs of Americanists.

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Trump “Saves” 1,000 Carrier Jobs

This article appeared online at TheNewAmerican.com on Wednesday, November 30, 2016:  

Boston

Carrier Corporation, a division of United Technologies, announced on Tuesday that it will, after months of negotiations, keep some of the jobs in Indiana that it earlier planned to ship to Mexico. Indiana Governor and now Vice President-elect Mike Pence, as governor of the state, was the initial driving force behind the negotiations. Both he and President-elect Donald Trump will start their “thank you” tour on Thursday, beginning with Indiana, where the details of the agreement will be spelled out.

That’s why Trump was able to tell his crowd of supporters in Indianapolis in April that the deal was all but done:

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Dallas to Declare Bankruptcy?

This article appeared online at TheNewAmerican.com on Monday, November 21, 2016:  

The New York Times just reported that the Dallas police and firefighters pension plan is $7 billion short of meeting its obligations and needs an immediate bailout of $1 billion just to stay afloat. The problem is that Dallas’ annual budget is $3 billion.

Three years ago Dallas wasn’t on anyone’s “watch” list.

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Democrat Senators Pushing Muslim Keith Ellison to Chair DNC

This article appeared online at TheNewAmerican.com on Monday, November 14, 2016:  

English: Keith Ellison on 9-21-06, taken by user.

Keith Ellison

During an MSNBC conference call on Thursday night, Senators Charles Schumer, Bernie Sanders, and Elizabeth Warren weighed in on their pick to replace Democratic National Committee (DNC) chair Donna Brazile: Representative Keith Ellison from Minnesota. Warren told MSNBC that Ellison would make a “terrific DNC chair.”

Ellison mouthed homilies about how the Democrat Party must

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Who Will Be the Next DNC Chair?

This article was published by The McAlvany Intelligence Advisor on Monday, November 14, 2016:  

, member of the United States House of Represe...

With Debbie Wasserman Schultz out as DNC chair in July, and Donna Brazile’s temp job as interim chair ending shortly, top Democrats are searching for just the right person to bring the Democrat Party back from extinction following its near obliteration last Tuesday. He must be able to think on his feet, survive scandals, bury opponents, deflect accusations, accept high-risk endorsements, and vote against the Constitution. If he’s black, that’s a plus. If he’s a radical Muslim, even better.

Enter Keith Ellison (pictured above),

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Latest Jobs Report Masks Continuing Weakness


This article appeared online at TheNewAmerican.com on Friday, November 4, 2016:  

English: Bureau of Labor Statistics logo RGB c...

English: Bureau of Labor Statistics logo RGB colors. (Photo credit: Wikipedia)

The latest jobs report released by the Bureau of Labor Statistics (BLS) on Friday morning was trumpeted as reflective of an improving economy. The Wall Street Journal said the report “signal[ed] solid momentum in the labor market just days before American voters elect a new president,” while Jeffry Bartash, writing for MarketWatch, said it “shows the seven-year-old economic recovery still has plenty of life despite a slowdown in growth earlier in the year.”

A hard look behind the headline numbers — 161,000 new jobs created in October and the unemployment rate at 4.9 percent — reveals

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.