ㅤ"President Donald Trump is pushing to unveil his administration’s ‘Tax Cuts 2.0′ plan, which calls for cuts for the middle class, by September, two months before the 2020 Presidential election, National Economic Council Director Larry Kudlow has confirmed.
ㅤ’We’d love to have a 10% middle class tax cut, and we would love to strengthen and make permanent some of the other tax cuts,’ the veteran financial guru and former Ronald Reagan adviser told Fox Business’ Maria Bartiromo for an interview airing Friday night on her ‘Wall Street’ program."
Tag: tax cuts
House Passes GOP Bill to Make New Tax Cuts Permanent
ㅤFull story at Newsmax. Posted on 9/28/18. See "tax law, tax-cut, tax cuts."
House GOP leaders say 'tax cuts 2.0' vote will happen this month
ㅤ”House Ways and Means Committee Chairman Kevin Brady (R-Texas) told reporters Tuesday that he plans to release legislative text and hold a committee markup next week.
ㅤHouse Majority Whip Steve Scalise (R-La.) said Wednesday that he and Brady will be hosting a member briefing on the tax-cut efforts on Thursday to start putting together legislation.
ㅤScalise said that the country is ‘seeing this great economic growth’ and lawmakers want to ‘build on that success.'”
ㅤô¿ô …We knew you would let loose this political gorilla. But you’re cutting it awfully close gentlemen.
ㅤFull story at The Hill, image from townnews(.com). Posted on 9/5/18. See “tax cuts.”
Brady to present 'tax cuts 2.0' outline to House Republicans on Tuesday
Pictured: House Ways and Means Committee Chairman Kevin Brady (R-Texas)
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ㅤ"Brady has said that he expects tax cuts 2.0 to consist of multiple bills, with the centerpiece focusing on making the 2017 tax law’s cuts for individuals permanent. Other parts of the package may focus on encouraging retirement savings and business innovation."ㅤ
Full story at The Hill, image from cnbc(.com) – 7/23/18. See "kevin brady, tax cuts."ㅤHomeㅤ
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White House plans to roll out additional tax proposal toward end of summer
ㅤ"The White House is aiming to roll out a proposal in the coming months to make permanent the tax cuts for individuals passed in last year’s Tax Cuts and Jobs Act.
ㅤWhite House Director of Legislative Affairs Marc Short said on Friday that his team has been working with House Ways and Means Committee Chairman Kevin Brady (R-Texas) and the Senate Finance Committee on the proposal.
ㅤHe told reporters in a conference call that the White House is hoping to unveil the plan ‘toward the end of summer.’"ㅤ
Full story at The Hill, image from accountingweb(.com) – 5/25/18. See "marc short, tax cuts, tax rates, tax reform, taxes."ㅤHomeㅤ
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Dem lawmaker introducing bill to repeal GOP tax cuts
Pictured: Rep. Jared Polis (D-Colo.)
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ㅤô¿ô …Unbelievable…and here I’ve been thinking they can’t be serious about raising taxes.ㅤ
Full story at The Hill, image from thehill(.com) – 5/23/18. See "jared polis, tax cuts, tax rates, tax reform, taxes."ㅤHomeㅤ
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Sen. Ted Cruz Looking To Make Individual Tax Cuts From GOP Bill Permanent
SEN. TED CRUZ LOOKING TO MAKE INDIVIDUAL TAX CUTS FROM GOP BILL PERMANENT
ㅤô¿ô …Cruz sounds like the only Republican in Congress with half a brain. No wonder he keeps getting re-elected.
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Full story…at The Daily Wire, image from dailywire(.com) – 4/19/18. Tags: tax cuts, tax rates, tax reform, taxes, ted cruz. 𑗉
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Bernie Sanders’ Tax Day Message: We Want To Raise Your Taxes
BERNIE SANDERS’ TAX DAY MESSAGE: WE WANT TO RAISE YOUR TAXES
ㅤô¿ô …Tax breaks for corporations at the state snd local levels have been given for decades. For the same reasons, in a global economy, tax breaks must be given at the national level.
ㅤAs far as the tax cuts helping only the personally wealthy, data indicates the wealthy will be paying a larger percentage of the tax bill this year than they did last year. Probably because the GOP’s tax reform has closed a lot of the loopholes that Bernie is complaining about.
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Full story…at The Daily Caller, image from nrostatic(.com) – 4/17/18. Tags: bernie sanders, tax cuts. 𑗉
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Paul Ryan: We Intend To Make Tax Cuts Permanent
PAUL RYAN: WE INTEND TO MAKE TAX CUTS PERMANENT
ㅤ"’Tax certainty is very important to keeping this good economic growth going so obviously we believe that that’s necessary for economic growth — we fully intend to make these things permanent and that’s something we’ll be acting on later this year,’ Ryan said."
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Full story…at The Daily Caller, image from whstatic(.com) – 4/17/18. Tags: economy, gdp, gross domestic product, tax cuts, tax rates, tax reform, taxes. 𑗉
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GOP Tax Cuts Are Not A Gift To The Rich, Analysis Finds
GOP TAX CUTS ARE NOT A GIFT TO THE RICH, ANALYSIS FINDS
ㅤ”The top 20% of wage earners, who paid 84% of all federal income taxes in 2017, will pay 87 percent of all federal income taxes in 2018, an increase of 3%.”
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Full story…at The Daily Wire, image from dailywire(.com) – 4/9/18. Tags: tax cuts, tax rates, tax reform, taxes. 𑗉
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BET Co-Founder Praises Trump For Economy, Credits Tax Cuts For Low Black Unemployment
BET CO-FOUNDER PRAISES TRUMP FOR ECONOMY, CREDITS TAX CUTS FOR LOW BLACK UNEMPLOYMENT
ㅤ”Black Entertainment Network co-founder Robert Johnson on Friday praised President Donald Trump for the current economic boom, specifically lauding the GOP tax cuts as a catalyst for employment of black Americans.
ㅤ’You’ve never seen African-American unemployment this low and the spread between African-Americans and whites narrowing,’ Johnson said during a CNBC interview on Friday. In December, unemployment for blacks reached the lowest percentage (6.8%) in its recorded history.
ㅤ’Business is very good,’ Johnson said when asked about the economy by ‘Squawk Box’ co-host Jor Kernen.
ㅤ’I believe that if you take into account the Trump tax cut, you take into account the drop in unemployment and particularly unemployment for African-Americans, it’s the lowest it’s ever been in history. And you take into account the fact that interest rates are fairly stable, they will probably drift up, but so far,’ he said.
ㅤ’And I think the business community is committed to reinvest capital that they get from some of the tax advantages and that as a result of that, I think the economy is going to grow.'”
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Full story at The Daily Wire, image from dailywire(.com) – 4/6/18. Tags: bet, robert johnson, tax cuts, african-american unemployment. 𑗉
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Middle-class taxes vote would expose the Democrats
MIDDLE-CLASS TAXES VOTE WOULD EXPOSE THE DEMOCRATSㅤ
Pictured: President Trump displays the $1.5 trillion tax overhaul package he had just signed, Friday, Dec. 22, 2017.
ㅤ”Another vote on the Trump tax cut to make the individual rate reductions permanent would effectively force Democrats to admit that they do not want lower taxes. They need more tax dollars to increase the size of government. It is a central organizing principle for Democratic candidates and elected officials.
ㅤWhile there has been some talk of a second tax cut package later this year, forcing a vote on this issue is a clear, unifying, strategic and meaningful step that Republicans can take. Vulnerable Democrats can either help Republicans make the individual tax cuts permanent or they can show their true colors and deal with the consequences.”
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Full story at The Washington Times, image from marfeel(.com) – 4/4/18. Tags: tax cuts, tax law, tax rates, tax reform, taxes. 𑗉
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Watch Americans Tell Ryan How Thankful They Are For Tax Reform
WATCH AMERICANS TELL RYAN HOW THANKFUL THEY ARE FOR TAX REFORM
ㅤ”Speaker of the House Paul Ryan went to Dallas on Monday afternoon to tell Southwest Airline employees about the benefits of tax reform, but it became quickly apparent those present couldn’t wait to describe how tax reform has benefited their lives.”
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Full story and video at The Daily Caller, image from dailycaller(.com) – 4/2/18. Tags: tax cuts, tax rates, tax reform, taxes. 𑗉
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McDonald’s expands worker tuition benefits, citing Trump tax cuts
MCDONALD’S EXPANDS WORKER TUITION BENEFITS, CITING TRUMP TAX CUTS
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Full story at The Washington Times, image from marfeel(.com) – 3/29/18. Tags: tax cuts, tax rates, tax reform, taxes. 𑗉
Senate GOP Claims They Will Gain A Stronger Majority In 2018
SENATE GOP CLAIMS THEY WILL GAIN A STRONGER MAJORITY IN 2018ㅤ
Pictured: Sen. Cory Gardner
ㅤ”National Republican Senatorial Committee (NRSC) Chairman Sen. Cory Gardner told his Republican colleagues Tuesday that he believes the caucus would pick up five seats if the November midterm elections were held tomorrow.
ㅤ’I think come November we will continue to build our strong economy message,’ Gardner told The Hill. ‘The benefits of the tax cuts are real. Today Democrats are advocating a massive tax increase at the Commerce Committee.'”
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Full story at The Daily Caller, image from usnews(.com) – 3/15/18.ㅤTags: tax cuts, tax rates, tax reform, taxes, cory gardner.
Top Republican eyes second phase of tax cuts this year
TOP REPUBLICAN EYES SECOND PHASE OF TAX CUTS THIS YEARㅤ
Pictured: Kevin Brady
ㅤ”House Ways and Means Committee chair Rep. Kevin Brady (R-Texas) told Fox Business Network’s ‘Varney and Co.’ that Republicans are eyeing a release of the phase two tax proposal ‘this year,’ which he says could include making temporary tax cuts for working families that were passed in December permanent.”
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Full story at The Hill, image from thehill(.com) – 3/14/18.ㅤTags: tax cuts, tax rates, tax reform, taxes, kevin brady.
Echo of Obamacare: Dems divided over vow to repeal tax law
ECHO OF OBAMACARE: DEMS DIVIDED OVER VOW TO REPEAL TAX LAW
ㅤ”From New Mexico to New York, high-profile liberals are calling for the repeal of the Republican tax plan that President Donald Trump signed into law just two months ago. They’re betting big that the message will resonate with voters in the midterm elections in November and provide the sort of clear, populist economic message some Democrats worry has been missing.”
ㅤô¿ô …A bowel movement masquerading as a populist movement.
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Full story at The Washington Times, image from youtube(.com) – 2/28/18.ㅤTags: tax cuts, tax rates, tax reform, taxes.
New York Times Poll: President Trump’s Tax Bill Clinches Majority Support
NEW YORK TIMES POLL: PRESIDENT TRUMP’S TAX BILL CLINCHES MAJORITY SUPPORT
ㅤStory via the Yuge Trump Economy – “A recent New York Times poll found that 51% of Americans now support President Trump’s tax bill. Surprisingly, even support among Democrats has doubled! Here are a few examples of how President Trump’s new tax reform is helping American taxpayers…”
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Full story at The New York Times, image from wordpress(.com) – 2/21/18.ㅤTags: tax cuts, tax rates, tax reform, taxes.
NYT Poll: Majority Of Americans Support Tax Reform
NYT POLL: MAJORITY OF AMERICANS SUPPORT TAX REFORM
ㅤ”A majority of Americans now support Republican-led tax reform, according to a new poll from The New York Times.
ㅤThe poll, done in conjunction with Survey Monkey, says that 51 percent of Americans approve of tax reform, while just 46 percent disapprove. Republicans have enjoyed a steep rise in support for their tax reform plan, climbing from just 37 percent approval in December and then 46 percent approval in January.”
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Full story at The Daily Caller, image from onsizzle(.com) – 2/19/18.ㅤTags: tax cuts, tax rates, tax reform, taxes.
Gov’t Collects Record Revenue A Month After Tax Reform Passes
GOV’T COLLECTS RECORD REVENUE A MONTH AFTER TAX REFORM PASSES
ㅤ”This graph from CNS News shows the total tax revenue, adjusted for inflation, in the month of January for every year since 1985.”
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Full story at The Daily Caller, image from dailycaller(.com) – 2/14/18.ㅤTags: tax cuts, tax rates, tax reform, taxes.
Chipotle giving employees $1,000 cash gifts, stock bonuses as result of GOP tax law
CHIPOTLE GIVING EMPLOYEES $1,000 CASH GIFTS, STOCK BONUSES AS RESULT OF GOP TAX LAW
ㅤ”Chipotle Mexican Grill announced Wednesday many of its 71,000 employees will receive a $1,000 cash bonus and one-time stock bonus as a result of the Republican tax reform law’s passage in December.”
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Full story at The Washington Examiner, image from washingtonexaminer(.com) – 2/7/18.ㅤTags: tax cuts, tax rates, tax reform, taxes, chipotle.
The Largest Donor to Hillary Clinton Is Giving Out $1K Bonuses Due to Tax Cuts
__THE LARGEST DONOR TO HILLARY CLINTON IS GIVING OUT $1K BONUSES DUE TO TAX CUTS__ㅤ
Pictured: Haim Saban, and his wife, Cheryl
ㅤ”As you may know, at the end of 2017, the Federal Government enacted the most fundamental tax reform since 1986. These reforms are impacting our company in different ways, including a lower tax rate.
ㅤAs a global investment firm, we recognize that our most important assets are every one of you — at Saban Capital, Real Estate, Films, Brands, Foundation and the Family Office.
ㅤWe have been inspired by what Bob Iger has done for Disney employees. As the Hebrew saying goes ‘I shall learn from all my teachers’ so we decided to follow suit.” — Cheryl & Haim
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Full story at The Independent Journal Review, image from mintpressnews(.com) – 2/2/18.ㅤTags tax cuts, tax rates, tax reform, taxes, saban.
Exxon Mobil to spend $50 billion in US, citing Republican tax reform
ㅤEXXON MOBIL TO SPEND $50 BILLION IN US, CITING REPUBLICAN TAX REFORMㅤ
Pictured: Chief Executive Office Darren Woods
ㅤ”‘At ExxonMobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States. These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law,’ Chief Executive Office Darren Woods said in a posting Monday on the company’s website.”
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Full story at The Washington Examiner, Image from wordpress(.com) – 1/29/18.ㅤTags tax cuts, tax rates, tax reform, taxes, exxonmobil, conservative, politics.
Sorry skeptics, Trump’s tax plan is actually working wonders
SORRY SKEPTICS, TRUMP’S TAX PLAN IS ACTUALLY WORKING WONDERS
ㅤStory via the Yuge Trump Economy – “The cash-in-the-pocket benefits are great news to many families, but the boom is doing something else too: It’s giving the millennials a firsthand lesson in economics.
ㅤFollowing eight slow-growth years under President Barack Obama and an election where their favorite candidate, Bernie Sanders, railed against the wealthy and promised free stuff for everybody else, many young Americans were taught that socialism is their friend and capitalism their enemy.
ㅤNow they are getting proof that the opposite is true. They are eyewitnesses as capitalism provides more opportunities and financial security to more people than any other system.”
