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Trump Economic Policy Tag

Posted by Fuzzy Slippers on March 11, 2018 15 Comments
Earlier this week Senate Democrats introduced a tax plan designed to show what Democrats can be expected to do should they win back majorities in Congress. Their press release refers to their avoidance of "gimmicks and giveaways"; this appears to be a reference to the bonuses, pay raises, and private sector investment and job creation afforded by the new tax law.  All of which, the Democrat proposal would roll back.

Posted by Mary Chastain on March 09, 2018 13 Comments
This came as a shock to many! The Labor Department reported that the US economy added 313,000 jobs in February, beating expectations by 100K. The country has added more than half a million jobs in the first two months of 2018.

Posted by Mary Chastain on March 01, 2018 114 Comments
President Donald Trump campaigned "to protect the U.S. from what he has said are unfair trade practices." It looks like he has tried to keep that promise since he announced during a meeting with steel executives that the U.S. will impose 25% tariffs on steel imports and 10% on aluminum. We do not know yet if it will affect all countries or just ones like China, who has sent a lot of cheap metals to the states.

Posted by Leslie Eastman on January 28, 2018 63 Comments
Legal Insurrection readers will recall the California legislature's attempt to create a special government fund as a "charity" for taxpayer donations to mitigate the loss of state and local tax (SALT) deductions in the recently passed GOP tax plans. The politicians must have realized the approach was full of fail, so now leaders of several blue states are planning a lawsuit to block the entire overhaul package. California may join in.

Posted by Leslie Eastman on January 21, 2018 37 Comments
Just before Christmas, President Donald Trump signed the Tax Cuts and Jobs Act that has set America's economy on a trajectory to prosperity and put wealth back in the hands of its citizens. The new rules also substantially reduced the country's corporate tax rate to 21 percent, down from a fairly hefty 35 percent. Now, a pair of California Grinches are offering a bill that would ultimately divert some of the federal savings back into Sacramento coffers.

Posted by Fuzzy Slippers on January 20, 2018 18 Comments
Despite the Democrat and media "shutdown" fever, President Trump's economic and tax policies are creating real change, change that is improving or soon will improve the lives of tens of thousands of Americans. From over a hundred major companies providing "Trump tax" bonuses to major companies hiking employee pay to existing employees to major corporations announcing massive U. S. expansion and investment, the Trump economy is set to boom.

Posted by Fuzzy Slippers on January 07, 2018 53 Comments
When President Trump signed the tax bill into law, Democrats, particularly in blue states with high state income taxes, wailed.  The Nation declared the new tax law "a deliberate attack on blue states," and New York governor Andrew Cuomo called it an "attack only on blue states" and "economic civil war." Among the attacks they perceive is the new law's $10,000 maximum for all state and local deductions.  Oddly, the left is howling because this is, as Vox points out, "effectively raising taxes on wealthy people." Setting aside the fact that taxing the rich has been the leftist mantra for decades and became particularly shrill during the Obama administration, blue states are now actively looking for ways to get around this and other measures in the new tax law.

Posted by Mike LaChance on January 04, 2018 54 Comments
At a town hall meeting in 2016, then President Obama said of manufacturing: "Some of those jobs of the past are just not going to come back." With that in mind, it's very interesting to learn that manufacturing in the United States is up. Way up.

Posted by Fuzzy Slippers on December 28, 2017 19 Comments
Prior to the Brexit vote, the Centre for Economics and Business Research (CEBR) lent fuel to the "remain" proponents' "Project Fear" by predicting economic gloom for the UK should voters choose "leave."  Their doom and gloom report assured the world that leaving the EU would plunge the UK into economic decline. Indeed, the Bank of England predicted, incorrectly as it's turned out, that a UK vote to leave the EU would lead to recession.  This didn't happen, and as I noted in 2016, the UK has no problem reaching trade agreements on its own.  Unfettered by the EU albatross, the UK economy is now expected—by the CEBR no less—to flourish.

Posted by Mary Chastain on December 20, 2017 18 Comments
The House of Representatives has passed the tax reform bill again sincethe Senate stripped two provisions in the bill because it violated Senate rules and removed the title of the bill. The Senate passed the revised bill late last night, 51-48, and sent it back to the House. The House passed the revised bill 224-201. Now the bill heads to President Donald Trump.

Posted by Mike LaChance on December 05, 2017 16 Comments
ABC News suspended Brian Ross for his incorrect report last Friday about former Trump adviser Michael Flynn. Ross is currently enjoying a four week long suspension without pay. Now the network has decided he won't cover stories related to President Donald Trump.
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