Donald J. Trump

The Pronk Pops Show 929, July 17, 2017, Story 1: Downsizing The Federal Government or Draining The Swap: Trump Should Permanently Close 8 Departments Not Appoint People To Run Them — Cut All Other Department Budgets by 20% — Video — Story 2: Federal Spending Breaks $4 Trillion for Fiscal Year 2017 — Story 3: The American People and President Trump Vs. Political Elitist Establishment of The Big Government Democratic and Republican Parties — Videos

Posted on July 18, 2017. Filed under: American History, Blogroll, Breaking News, Business, Cartoons, Coal, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Currencies, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Education, Elections, Empires, Employment, Federal Government, Government, Government Spending, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Independence, Insurance, Law, Life, Medicare, Movies, Natural Gas, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Raymond Thomas Pronk, Resources, Security, Senate, Social Security, Taxation, Taxes, U.S. Dollar, Unemployment, United States of America, Videos, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 929,  July 17, 2017

Pronk Pops Show 928,  July 13, 2017

Pronk Pops Show 927,  July 12, 2017

Pronk Pops Show 926,  July 11, 2017

Pronk Pops Show 925,  July 10, 2017

Pronk Pops Show 924,  July 6, 2017

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

Pronk Pops Show 916,  June 21, 2017

Pronk Pops Show 915,  June 20, 2017

Pronk Pops Show 914,  June 19, 2017

Pronk Pops Show 913,  June 16, 2017

Pronk Pops Show 912,  June 15, 2017

Pronk Pops Show 911,  June 14, 2017

Pronk Pops Show 910,  June 13, 2017

Pronk Pops Show 909,  June 12, 2017

Pronk Pops Show 908,  June 9, 2017

Pronk Pops Show 907,  June 8, 2017

Pronk Pops Show 906,  June 7, 2017

Pronk Pops Show 905,  June 6, 2017

Pronk Pops Show 904,  June 5, 2017

Pronk Pops Show 903,  June 1, 2017

Pronk Pops Show 902,  May 31, 2017

Pronk Pops Show 901,  May 30, 2017

Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

Pronk Pops Show 898,  May 23, 2017

Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons on big government democratic and republican partiesImage result for cartoons on big fat governmentBar Chart of Government Spending by AgencyImage result for cartoons on big government democratic and republican parties

Image result for cartoons the american people and trump vs washington establishment

 

Story 1: Downsizing The Federal Government or Draining The Swap: Trump Should Permanently Close 8 Departments Not Appoint People To Run Them — Cut All Other Department Budgets by 20% — Video

Order of Establishment of the Executive Departments

Rank*
Year
Executive Departments
1
1789
2
1789
3
1789
1947
Department of War
Department of Defense (merger of War and Navy departments)
4
1789
1870
Attorney General
Department of Justice
1798
Department of the Navy
(merged with War Department in 1947)
1829
Postmaster General
(Post Office privatized in 1970)
5
1849
6
1862
1903
Department of Commerce and Labor
(Departments split in 1913)
7
1913
8
1913
9
1953
1980
10
1965
11
1966
12
1977
13
1979
14
1989
15
2002

Close Permanently The Following Federal Departments

1. Department of Agriculture

2. Department of Commerce

3. Department of Education

4. Department of Energy

5. Department of Housing and Urban Development

6. Department of Interior

7. Department of Labor

8. Department of Transportation

Keep Open The Following Federal Departments 

But Cut Budgets By 20 Percent

1. Department of Defense

2. Department of State

3. Department of Treasury

4. Department of Justice

5. Department of Veterans’ Affairs

6. Department of Health and Human Services

7. Department of Homeland Security

How to Solve America’s Spending Problem

Government: Is it Ever Big Enough?

The Bigger the Government…

The War on Work

What Creates Wealth?

The Promise of Free Enterprise

Why Capitalism Works

What is Crony Capitalism?

WH Website Asks Americans to Suggest Ways to Reorganize, Eliminate Federal Gov’t

Trump signs order to cut government costs

President Trump Signs Executive Order to Cut Government Costs

Trump orders a total examination and reorganization of federal agencies.

Downsizing the Federal Government

Dan Mitchell Commenting on Downsizing Government and Federal Bureaucracy

TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

Bureaucracy Basics: Crash Course Government and Politics #15

Types of Bureaucracies: Crash Course Government and Politics #16

Controlling Bureaucracies: Crash Course Government and Politics #17

Can the United States Reform its Way to Financial Security?

 

President Trump has filled far fewer top jobs in cabinet or cabinet-level agencies than President Barack Obama had at this point in his presidency.

The status of top jobs
25 weeks into each administration:

Confirmed
by Senate
Nominated or
Announced
Empty
Trump 33 57 120
Obama 126 43 41

Story 2: Federal Spending Breaks $4 Trillion for Fiscal Year 2017 — Videos

Bar Chart of Government Spending by Agency

The bar chart comes directly from the Monthly Treasury Statement published by the U. S. Treasury Department. <—- Click on the chart for more info.

The “Debt Total” bar chart is generated from the Treasury Department’s “Debt Report” found on the Treasury Direct web site. It has links to search the debt for any given date range, and access to debt interest information. It is a direct source to government provided budget information.

$$$ — “Deficit” vs. “Debt”— $$$

Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.

“Reducing the deficit” is a meaningless soundbite. If the DEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations. Here is a direct link to the Congressional Budget Office web site. Check out the CBO’s assessment of the Debt. We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.

Huge Mistake! White House Reveals Budget Deficit Will Be $250 BILLION Greater

Federal Spending to Top a Record $4 Trillion in FY2017

1. June Unemployment Report Was Better Than Expected
2. Federal Spending to Blow Through $4 Trillion in FY2017
3. What Does the Government Spend Our Tax Dollars On?
4.Even President Trump’s Federal Budget Increases Spending

Overview

Both the Congressional Budget Office and the White House Office of Management and Budget announced last week that federal spending will top $4 trillion for the first time ever in fiscal 2017, which began on October 1, 2016 and ends on September 30.

The Congressional Budget Office released its annual “Budget and Economic Outlook: 2017 to 2027” last week in which it projected that total federal spending in fiscal 2017 will hit a record $4,008,000,000,000. That’s up from the previous record of $3.853 trillion spent in fiscal 2016.

While most Americans have no idea how much our out-of-control government spends each year, much less what our enormous annual federal budget deficits are, long-time clients and readers, know this is a topic I focus on and warn about each and every year – and will again today. This is something every American voter should absolutely know about!

Yet before we get to those discussions, I will summarize last Friday’s better than expected unemployment report for June. The strong jobs report had several significant implications for the economy going forward as I will discuss below. Let’s get started.

June Unemployment Report Was Better Than Expected

Friday’s unemployment report for June was a welcome surprise, especially following the weaker than expected report for May. The Labor Department reported at the end of last week that the economy created 222,000 new jobs in June, up from only 152,000 in May – and well above the pre-report expectation of 179,000.

The increase in new jobs in June was the largest in four months and the second highest of the year. Hiring was also revised higher for May and April than previously reported. The pickup in hiring in the spring coincides with a fresh spurt of growth in the economy after a slow start to the year.

Monthly change in nonfarm payrolls

The headline unemployment rate rose slightly from 4.3% in May to 4.4% in June, but that was largely because more jobless Americans rejoined the labor force by actively looking for work last month. That’s a good thing.

Hourly pay rose 0.2% to $26.25 an hour in June, the government said. Over the last 12 months, wages have only advanced a modest 2.5% — up slightly from the rate reported for May, but still well below the usual gains at this late stage of an economic expansion.

Underemployment, which measures people who want to be working full-time but are not, rose to 8.6% in June from 8.4% in May. It‘s still far lower than in prior years but it’s never a good sign to see this measure tick up.

The number of Americans who work part-time but want a full-time job also rose a notch to 5.3 million in June. Part-time employment has been a persistent problem for job seekers since the recession ended, as many companies try to limit increases in full-time workers.

Overall, economists say the strong job gains in June reflect a healthy labor market. Some believe we are approaching the level of “full employment.”

Federal Spending to Blow Through $4 Trillion in FY2017

The Congressional Budget Office (CBO) and the White House Office of Management and Budget (OMB) reported last week that federal spending will top $4 trillion for the first time ever in fiscal 2017, which ends on September 30.

The CBO released its annual “Budget and Economic Outlook: 2017 to 2027” last week in which it projected that total federal spending in fiscal 2017 will hit a record $4.008 trillion. That’s up from the previous record of $3.853 trillion spent in fiscal 2016.

Federal spending to top $4 trillion

The record $4.008 trillion the CBO estimates the federal government will spend this fiscal year equals $33,805 for each of the 118,562,000 households the Census Bureau estimated were in the United States as of March.

I should note for the record that while federal spending will top $4 trillion for the first time this year while Donald Trump is president, this year’s spending is actually tied to Barack Obama’s budget passed in his last year in office. So don’t blame President Trump… yet.

The federal budget goes up every single year, no matter which party is in office, and no matter that our national debt will top $20 trillion later this year. Clearly, federal spending is out of control, and no one in Washington, DC has the will to stop it – including President Trump (more on this below).

Apparently, leaders in both parties no longer believe there is a limit to how much our country can borrow and spend. There is no longer any sense that our ballooning national debt will at some point trigger a new financial crisis much worse than what we experienced in late 2007-early 2009.

Worst of all, WE keep electing and re-electing these people. In that sense, it’s our own fault.

What Does the Government Spend Our Tax Dollars On?

Many (if not most) Americans don’t understand how and where the government spends our tax dollars and the tens of billions it borrows each and every year. That’s what we will take a look at in the discussion just below. Let’s start with this graphic for an overview.

Government spending

Pew Research had an excellent analysis on how the federal government spends our money (and what it borrows) earlier this year. I’ll reprint the highlights for you below (emphasis mine).

“When thinking about federal spending, it’s worth remembering that, as former Treasury official Peter Fisher once said, the federal government is basically ‘a gigantic insurance company,’ albeit one with ‘a sideline business in national defense and homeland security.’

In fiscal year 2016, which ended this past September 30, the federal government spent just under $4 trillion, and about $2.7 trillion – more than two-thirds of the total – went for various kinds of social insurance (Social Security, Medicaid and Medicare, unemployment compensation, Veterans benefits and the like).

Another $604 billion, or 15.3% of total spending, went for national defense; net interest payments on government debt was about $240 billion, or 6.1%. Education aid and related social services were about$114 billion, or less than 3% of all federal spending. Everything else – crop subsidies, space travel, highway repairs, national parks, foreign aid and much, much more – accounted for the remaining 6%.

It can be helpful to look at federal spending as a share of the overall US economy, which provides a consistent frame of reference over long periods. In fiscal 2016, total federal outlays were 21.5% of Gross Domestic Product (GDP). For most of the past several decades, federal spending has hovered within a few percentage points above or below 20%.

The biggest recent exception came in the wake of the 2008 mortgage crash: In fiscal 2009, a surge in federal relief spending combined with a shrinking economy to push federal outlays to 24.4% of GDP, the highest level since World War II — when federal spending peaked at nearly 43% of GDP.

Social security, Medicare, human services a growing share of spendingMeasured as a share of GDP, the biggest long-term growth in federal spending has come in human services, a broad category that includes various kinds of social insurance, other health programs, education aid and veterans benefits.

From less than 1% of GDP during World War II (when many Depression-era aid programs were either ended or shifted to the war effort), federal spending on human services now amounts to 15.5% of GDP.

It actually was higher – 16.1% – in fiscal 2010, largely due to greater spending on unemployment compensation, food assistance and other forms of aid during the Great Recession. Now, the main growth drivers of human-services spending are Medicaid, Medicare and Social Security.

While spending on human services has grown to represent a greater share of GDP over time, the defense share has become smaller: It was 3.3% in fiscal 2016, versus 4.7% as recently as fiscal 2010. In general, and perhaps not surprisingly, defense spending consumes more of GDP during wartime (well over a third at the height of World War II) and less during peacetime.

The major exception was the Reagan-era military buildup… From a post-Vietnam low of 4.5% of GDP in fiscal 1979, defense spending eventually peaked at 6% of GDP in fiscal 1986.

Besides human services and national defense, the next-biggest category of federal spending is interest on public debt. Excluding interest paid to government trust funds (such as the Social Security and military-retirement trust funds) and various other small government loanprograms, the $240 billion in net interest paid on federal debt in fiscal 2016 represented 1.3% of GDP. [Remember that interest rates are near historic lows today.]

Even though total public debt has continued to grow (it stood at nearly $19.96 trillion in February, hitting the statutory debt limit), the dollar amount of actual interest paid fluctuates with the general interest rate environment. Rates are quite low now, but they were much higher in the 1980s and 1990s; in those decades, net interest payments often approached or exceeded 3% of GDP. END QUOTE

Even President Trump’s Federal Budget Increases Spending

Back in March, President Trump unveiled a controversial new federal budget proposal for fiscal year 2018, which begins on October 1st. The budget was a shocker in that it proposed cutting spending in every federal agency except Defense, Homeland Security and Veterans Affairs.

The new budget would slash Environmental Protection Agency spending by over 31% next year and cut State Department spending by over 28%, all in one fell swoop. It is by far the most conservative, smaller government budget we have seen in my adult lifetime.

Trump proposals for government agency budget changes

Yet as I wrote on March 21, Mr. Trump’s so-called “skinny budget” has no chance of becoming law. I bring it back up today only to point out that even with Trump’s massive government agency cuts (which will never pass), federal spending still increases in FY2018.

As noted above, the CBO and the OMB now agree that federal spending in FY2017 will be apprx. $4.008 trillion. In Trump’s proposed budget, federal spending would reach apprx. $4.094 trillion. And it goes up each year thereafter, soaring to $5.7 trillion by 2027 – even under Trump’s skinny budget.

The sad reality is that our politicians will not take definitive actions to slow the rise in our national debt. Perhaps that’s because half of American households receive direct benefits from government programs like Medicare, Social Security, the Supplemental Nutrition Assistance Program (food stamps), nutrition programs for mothers and children, subsidized housing and unemployment assistance, to name just a few.

That’s another topic for another day. The point is, federal spending is out of control, and our leaders have no intention of stopping or reversing this dangerous trend. What this means is that we are destined for another serious financial crisis at some point. The markets and our creditors will decide when and it won’t be pretty!

Wishing you well,
Gary D. Halbert

Forecasts & Trends E-Letter is published by Halbert Wealth Management, Inc. Gary D. Halbert is the president and CEO of Halbert Wealth Management, Inc. and is the editor of this publication. Information contained herein is taken from sources believed to be reliable but cannot be guaranteed as to its accuracy. Opinions and recommendations herein generally reflect the judgement of Gary D. Halbert (or another named author) and may change at any time without written notice. Market opinions contained herein are intended as general observations and are not intended as specific investment advice. Readers are urged to check with their investment counselors before making any investment decisions. This electronic newsletter does not constitute an offer of sale of any securities. Gary D. Halbert, Halbert Wealth Management, Inc., and its affiliated companies, its officers, directors and/or employees may or may not have investments in markets or programs mentioned herein. Past results are not necessarily indicative of future results. Reprinting for family or friends is allowed with proper credit. However, republishing (written or electronically) in its entirety or through the use of extensive quotes is prohibited without prior written consent.

https://www.advisorperspectives.com/commentaries/2017/07/11/federal-spending-to-top-a-record-4-trillion-in-fy2017?channel=Economic%20Insights

Social Security Will Be Paying Out More Than It Receives In Just Five Years

Tyler Durden's picture

Authored by Mac Slavo via SHTFplan.com,

When social security was first implemented in the 1930’s, America was a very different country. Especially in regards to demographics. The average life expectancy was roughly 18 years younger than it is now, and birth rates were a bit higher than they are now. By the 1950’s, the fertility rate was twice as high as it is in the 21st century.

In other words, for the first few decades, social security seemed very sustainable. Most people would only live long enough to benefit from it for a few years, and there was an abundance of young workers who could pay into the system.

Those days are long gone. As birth rates plummet and people live longer, (which otherwise should be considered a positive development) social security’s future is looking more and more bleak.

No matter how you slice it, it doesn’t seem possible to keep social security funded. In fact, social security is going to start paying out more money than it receives in just a few short years. It may even be insolvent before the baby boomer generation dies off.

According to the Social Security Board of Trustees, the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be depleted in 2034.

When this happens, only 77 percent of benefits will be payable. That estimate is no change from last year’s estimate.

In addition, the Disability Insurance trust fund will be depleted in 2028, which is an improvement from last year’s estimate of 2023. Once that fund is depleted, 93 percent of benefits will be paid.

Right now, Social Security continues to take in through revenue more than it pays it through benefits, which is expected to continue until 2022. Once Social Security begins to pay out more than it takes in, it will be forced to liquidate the assets held by the trust funds.

In 2016, Social Security generated $957 billion in income. It only paid out $922 billion including $911 billion in benefits to 61 million beneficiaries.

But the solutions that have been proposed for this problem don’t hold much promise. For instance, we know that simply raising taxes won’t work.

But increasing the payroll tax is not a good long-term solution to fixing Social Security. For example a higher payroll tax would have negative economic effects. In addition, it’s not even clear that raising the payroll tax would even generate enough revenue.

“Some claim that the solution to preserving Social Security is to raise more taxes, but history shows that doesn’t work,” said David Barnes who is the director of policy engagement for Generation Opportunity in a statement to the Washington Free Beacon. “In fact, since Social Security was created, payroll taxes have been raised more than 20 times. Twenty times! Yet, the program is still headed towards insolvency.”

This is one reason why so many Western countries, almost all of which are suffering from declining birth rates, have been so eager to open their borders to more immigrants. They’re trying to bring in as many young workers as they can.

But that’s not going to work either. Forget about the high crime rates, terrorist attacks, and social disintegration that Europe is facing now after bringing in millions of immigrants. Even if those problems didn’t exist, immigration isn’t the solution. The West has had wide open borders for decades, and it hasn’t made a dent in the liabilities faced by social security programs (perhaps these immigrants aren’t paying as many taxes as these governments had hoped).

We could let younger generations opt out of social security to stave off future obligations, but that wouldn’t help fund the current generation of retirees. Social security is already on the path to being underfunded for them, and letting young people opt out would obviously make things worst for current retirees.

There isn’t really any viable solution for paying off the future liabilities of social security, aside from cutting the benefits or increasing the retirement age. Otherwise it’s going to run out of money eventually, which is the same story with private and public pensions. We are all paying for our retirements in one form or another, but few of us living right now are going to fully benefit from it.

http://www.zerohedge.com/news/2017-07-19/social-security-will-be-paying-out-more-it-receives-just-five-years

Story 3: The American People and President Trump Vs. Political Elitist Establishment of The Big Government Democratic and Republican Parties — Videos

Ronald Reagan .. “Government is the problem”

The Bigger the Government…

Government: Is it Ever Big Enough?

How Big Should Government Be? Left vs. Right #1

Big Government Kills Small Businesses

Socialist explains why we need big government and more freebies

 

Why universal basic income is gaining support, critics

July 15, 2017 Updated: July 17, 2017 11:49am

The idea of government giving every person a universal basic income has been gaining traction thanks in part to endorsements from some Silicon Valley celebs. Elon Musk, Mark Zuckerberg, venture capitalist Marc Andreessen and others want to explore the idea.

The idea of government giving every person a universal basic income has been gaining traction thanks in part to endorsements from some Silicon Valley celebs. Elon Musk, Mark Zuckerberg, venture capitalist Marc Andreessen and others want to explore the idea.

The idea of a universal basic income — monthly cash payments from the government to every individual, working or not, with no strings attached — is gaining traction, thanks in part to endorsements from Silicon Valley celebs.

Some see it as a way to compensate for the traditional jobs with benefits that will be wiped out by robotics, artificial intelligence, self-driving vehicles, globalization and the gig economy. Others see it as a way to reduce income inequality or to create a more efficient, less stigmatizing safety net than our current mishmash of welfare benefits.

“I think ultimately we will have to have some kind of universal basic income, I don’t think we are going to have a choice,” Tesla CEO Elon Musk said at the World Government Summit in Dubai in February.

In a commencement speech at Harvard University in May, Facebook CEO Mark Zuckerberg said, “We should explore ideas like universal basic income to give everyone a cushion to try new things.” And in a July 4 blog post,Zuckerberg praised Alaska’s Permanent Fund Dividend, the nearest thing to universal income in this or any country. Since 1982, Alaska has been distributing some of its oil revenue as an annual payment, ranging from about $1,000 to $3,000, to every resident including children.

Facebook co-founder Chris Hughes, venture capitalist Marc Andreessen and Y Combinator president Sam Altman have all said it’s worth exploring. Y Combinator’s nonprofit research lab started a basic income pilot with fewer than 100 people in Oakland last fall with the goal of gathering information to structure a larger research proposal, its director, Elizabeth Rhodes, said.

The concept has been around, with different names and in different countries, for centuries, said Karl Widerquist, co-founder of the Basic Income Earth Network.

It enjoyed a wave of U.S. popularity in the 1910s and ’20s and again in the ’60s and ’70s when it was championed by free-market economist Milton Friedman, Martin Luther King and, for a while, Richard Nixon.

It resurfaced again after the 2008 financial crisis, when soaring unemployment and corporate bailouts focused attention on the “99 percent.” The concept picked up steam in recent years as studies started predicting widespread unemployment because of automation.

Basic income has fans across the political spectrum, but for very different reasons. Libertarian backers would replace all or most welfare programs with a monthly cash payment as a way to prevent poverty, reduce government bureaucracy and let people decide for themselves how to use the money.

Facebook CEO Mark Zuckerberg (right), shown in May receiving an honorary degree from Harvard, also supports the universal income concept. Photo: Paul Marotta, Getty Images

Photo: Paul Marotta, Getty Images

Facebook CEO Mark Zuckerberg (right), shown in May receiving an honorary degree from Harvard, also supports the universal income concept.

By contrast, “those left of center like the idea of using (basic income) as a supplement to the existing safety net,” said Natalie Foster, co-chairwoman of the Economic Security Project, a two-year fund devoted to researching and promoting the idea of unconditional cash.

In a “utopian version,” the money would “sit alongside existing programs” and go to every man, woman and child, Foster said. But if you made it enough to keep people above poverty — $1,000 a month is a popular number — “it starts to add up to a very significant portion of the GDP,” Foster said.

That’s why some proposals would reduce or eliminate payments to children or to adults over 65 if they are getting Social Security and Medicare. Some would limit the benefits going to high-income people, either directly or indirectly by raising their tax.

“In the simple model, everyone in the lower half (of the income distribution) would be a net beneficiary, everyone in the upper half would be net payers,” Widerquist said.

Charles Murray, a libertarian political scientist with the American Enterprise Institute, has proposed a basic income plan that would replace all transfer payments including welfare, food stamps, housing subsidies, the earned income tax credit, Social Security, Medicare and Medicaid. It would also eliminate farm subsidies and “corporate welfare.”

In exchange, each American older than 21 would get a monthly payment totaling $13,000 a year, of which $3,000 would go to health insurance. After $30,000 in earned income, a graduated tax would “reimburse” some of the grant until it dropped to $6,500 at $60,000 in income. However, the grant would never drop below $6,500 to compensate for the loss of Social Security and Medicare.

Murray admitted that many seniors get more than $6,500 worth of benefits a year from those two programs, which is why it would have to be phased in.

“What I’m proposing would actually be cheaper than the current system,” Murray said. It would give adults a “living income” and “liberate people” who are tied to a job or welfare program in a particular city because they can’t risk leaving to pursue a new opportunity.

Tesla CEO Elon Musk favors universal basic income to compensate workers displaced by automation. "I don’t think we are going to have a choice," he said at a February event in Dubai. Photo: KARIM SAHIB, AFP/Getty Images

Photo: KARIM SAHIB, AFP/Getty Images

Tesla CEO Elon Musk favors universal basic income to compensate workers displaced by automation. “I don’t think we are going to have a choice,” he said at a February event in Dubai.

Andy Stern, a senior fellow at the Economic Security Project, has proposed a “left-of-center” plan that would give every adult 18 to 64 a monthly cash payment of $1,000. It would replace welfare programs such as food stamps, the earned income tax credit, unemployment and Supplemental Security Income. But it would keep Social Security, Medicare, Medicaid and Social Security disability.

He figures the plan would cost about $1.75 trillion a year. Ending welfare programs would save about a third of that. Another third could come from ending the tax deduction for mortgage interest and other write-offs. The remaining third could come from new sources such as a tax on carbon emissions or financial transactions.

Stern would not reduce payments to the rich or raise their taxes because that would bring back the problem he is trying to eliminate — determining who is “worthy and unworthy” to receive benefits. But many of the tax increases he envisions “would have a disproportionate effect on higher-income people,” he said.

Some opponents of guaranteed income say it will encourage laziness. Proponents say the current system discourages work by taking away some benefits as income goes up.

Zipcar founder Robin Chase, now a speaker and author, said universal income would encourage and reward important work that “does not get monetized,” such as child care and volunteer work. It would also spur business creation. “I had the luxury of taking risks because I had a husband who had a full-time job with health care. A majority of the population cannot take any risks in pursuing innovation or higher-value, non-remunerative things.”

Some believe the answer to income inequality and automation is not guaranteed income but a guaranteed job. Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, has said the federal government should provide a job with benefits to anyone who wants one and can’t get one. “A job guarantee could simultaneously lower un- and underemployment while providing critically needed labor in fields ranging from infrastructure to education to child and elder care,” Bernstein, who was an economist in President Barack Obama’s administration, wrote in the American Prospect.

Jason Furman, who chaired Obama’s Council of Economic Advisers, doesn’t like guaranteed jobs or guaranteed income. Furman, now a professor at the Harvard Kennedy School, said universal income suffers from three problems.

“One is that it’s very hard to make the numbers add up. To get to (incomes) like $12,000, you need huge increases in taxes. Two, there are a lot of benefits to targeting. You only get unemployment if you don’t have a job and are looking for a new job. If anything, I might toughen the work search requirement” to receive unemployment.

Finally, he said, “I believe there is no reason that people can’t be employed in the future. We have thousands of years of experience of technological progress not leading” to mass unemployment. He pointed out that technologically advanced countries do not have higher unemployment rates than those that are less advanced.

“We should put more effort into how to create jobs and prepare people for jobs in the future,” he said. Universal basic income “is giving up on work and giving up on people. I’m not prepared to do that.”

Kathleen Pender is a San Francisco Chronicle columnist. 

http://www.sfchronicle.com/aboutsfgate/article/Why-universal-basic-income-is-gaining-support-11290211.php

 

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The Pronk Pops Show 928, July 13, 2017, Story 1: Senate Revised Republican Repeal and Replacement Bill A Betrayal of Voters Who Gave Republicans Control of Senate and House — Does Not Repeal All Obamacare Mandates, Regulations and Taxes but Does Bailout Insurance Industry and States Who Extended Medicaid Benefits — Trump Should Veto This Betrayal By Republican Establishment of Republican Voters — Videos — Story 2: Estimated insolvency date of Social Security’s Trust fund is 2034 — and Medicare’s Hospital Trust Fund is 2029 —  Social Security and Medicare Benefits Will Be Cut or Taxes Raised or Combination of Benefit Cuts and Tax Increases — Videos — Story 3: Trump’s Broken Promises and Kept Promises — Good Intentions are Not Enough — Only Results Count — Videos

Posted on July 15, 2017. Filed under: American History, Banking System, Breaking News, Budgetary Policy, Coal, Communications, Computers, Congress, Corruption, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Employment, Fiscal Policy, Government, Government Dependency, Government Spending, Health, Health Care Insurance, History, House of Representatives, Independence, Investments, Labor Economics, Law, Life, Media, Medicare, Monetary Policy, Natural Gas, News, Oil, People, Philosophy, Photos, President Trump, Radio, Rand Paul, Raymond Thomas Pronk, Resources, Rule of Law, Scandals, Security, Senate, Social Security, Tax Policy, Taxation, Taxes, Trade Policy, Unemployment, United States of America, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , |

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Story 1: Senate Revised Republican Repeal and Replacement Bill A Betrayal of Voters Who Gave Republicans Control of Senate and House — Does Not Repeal All Obamacare Mandates, Regulations and Taxes but Does Bailout Insurance Industry and States Who Extended Medicaid Benefits — Trump Should Veto This Betrayal By Republican Establishment of Republican Voters — Videos —

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Story 2: Estimated insolvency date of Social Security’s big trust fund is 2034 — and Medicare’s Hospital Trust Fund is 2029 —  Social Security and Medicare Benefits Will Be Cut or Taxes Raised or Combination of Benefit Cuts and Tax Increases — Videos

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III – Unfunded Liabilities

Social Security trust fund will be depleted in 17 years, according to trustees report

BY PHILIP MOELLER  July 13, 2017 at 6:34 PM EDT

The annual trustee reports on Social Security and Medicare were released earlier today and showed little change from last year. With both programs facing longer-term deficits, these annual report cards have become a doomsday clock for senior benefits.

With both programs facing longer-term deficits, these annual report cards have become a doomsday clock for senior benefits.

The top line of today’s reports is that the estimated insolvency date of Social Security’s big trust fund is 2034 — unchanged from last year. The other big fund is Medicare’s hospital trust fund. Last year, it was projected to run out of funds in 2028, or 12 years. That date was rolled forward a year — to 2029 — in this year’s report.

Both funds are paid for by wage earners out of their Social Security payroll taxes. What the insolvency dates mean is that payroll taxes will be the only source of benefit payments once the trust fund reserves are gone. In the case of Social Security, payroll taxes in 2034 will be able to pay an estimated 77 percent of projected benefits. For Part A of Medicare, which covers hospital and nursing home expenses, payroll taxes in 2029 will pay an estimated 88 percent of the program’s projected expenses.

The Social Security report also projected that the program’s 2018 cost of living adjustment, or COLA, would be 2.2 percent, the largest in several years. The COLA sets annual increases in Social Security benefits and also helps determine the level of consumer payments each year for Medicare Part B premiums.

READ MORE: Column: For older Americans, the GOP health bills would be nothing short of devastating

The trustees also estimated that the payroll tax ceiling would rise to $130,500 next year from $127,200 this year. Individuals pay 7.65 percent of their wages in payroll taxes, with 6.2 percentage points to the Social Security trust funds and 1.45 percent to the Medicare trust fund. Employers pay the same amount. The Medicare component of the tax has no wage ceiling.

People on Medicare and Social Security have Part B premiums deducted from their monthly Social Security benefit payments. Under Social Security’s “hold harmless”rule, the Part B premiums can’t increase each year by more than the amount of any COLA-related boost in Social Security payments.

In recent years, Part B expenses have risen at rates much larger than COLA increases. People held harmless have been shielded from the full impact of this Part B inflation. Some people today pay only about $107 a month for Part B premiums, while others who were not held harmless this year are paying $134 a month.

The top line of today’s reports is that the estimated insolvency date of Social Security’s big trust fund is 2034 — unchanged from last year.

The trustees estimated that the monthly premium for Medicare Part B coverage will remain at $134 a month next year and in 2019. Part B’s annual deductible is also expected to remain at $183 through 2019.

The trustees also kept unchanged their estimates of the expected high-income surcharges for Part B premiums of wealthier Medicare enrollees through 2019. They will range from $187.50 to a maximum of $428.60 a month. However, surcharges for Part D premiums are estimated to increase next year, from a range of $13.30 to $76.20 a month this year, to a range of $14 to $80.60 a month in 2018.

Estimates for key elements of Part A hospital insurance payments were increased by 2.7 percent between 2017 and 2018, with the annual deductible for Part A hospital insurance estimated to rise to $1,352 next year from $1,316. Hospital and nursing home co-insurance payments also would rise 2.7 percent.

Part D drug premiums were projected to rise from a monthly base of $35.63 this year to $37.54 in 2018. Medicare earlier had announced that the maximum annual deductible for a Part D plan will rise to $405 in 2018 from $400 this year.

READ MORE: How does Social Security’s cost of living adjustment affect Medicare?

Under terms of the Affordable Care Act, the so-called “donut hole,” or coverage gap in Part D plans, will close completely by 2020. At that time, people will pay 25 percent of the costs of their drugs when they are in the coverage gap of their Part D plan.

Next year, they will pay 35 percent of the price for brand-name drugs and 44 percent of the price for generic drugs. The gap will begin next year after drug costs hit $3,750, up from $3,700 this year. Once expenses hit $5,000, up from $4,950 this year, people will be in the catastrophic coverage phase and will pay no more than 5 percent of the cost of their drugs.

The Social Security report also projected that the program’s 2018 cost of living adjustment, or COLA, would be 2.2 percent, the largest in several years.

The outlook could have been worse for Medicare. Its finances have been supported by high-income Medicare payroll and investment taxes that were imposed by the Affordable Care Act.

These taxes were removed in earlier versions of Republican bills designed to overturn the Affordable Care Act. These cuts were restored in the revised Senate bill that was released earlier today, although it was not immediately clear if Medicare would directly benefit from these taxes to the extent is has under terms of the Affordable Care Act.

Another Affordable Care Act provision related to Medicare would have triggered mandatory Medicare savings had the rate of health care inflation substantially exceeded overall inflation rates. Such a finding would activate an Independent Payment Advisory Board, or IPAB, which some Affordable Care Act critics have described as a death panel. However, the trustee report said health care inflation rates were not large enough to trigger the IPAB process.

Unlike Social Security, payroll taxes do not cover all or even most Medicare spending. Taxpayers foot the bills for most spending on Parts B and D of Medicare. Part B covers doctor, outpatient and durable medical equipment expenses. Part D is the Medicare prescription drug program. While consumer spending on both programs is substantial, they nonetheless run up hundreds of billions in annual deficits that are paid for out of general federal revenues.

http://www.pbs.org/newshour/making-sense/social-security-trust-fund-will-depleted-17-years-according-trustees-report/

Deficits, Debts and Unfunded Liabilities: The Consequences of Excessive Government Spending

Published on May 10, 2010

Huge budget deficits and record levels of national debt are getting a lot of attention, but this video explains that unfunded liabilities for entitlement programs are Americas real red-ink challenge. More important, this CF&P mini-documentary reveals that deficits and debt are symptoms of the real problem of an excessive burden of government spending. http://www.freedomandprosperity.org

Social Security trust fund projected to run dry by 2034

If lawmakers don’t act, Social Security’s trust fund will be tapped out in about 18 years.

That’s one takeaway from the Social Security and Medicare trustees’ annual report released Wednesday.

That doesn’t mean retirees will get nothing by 2034. It means that at that point the program will only have enough revenue coming in to pay 79% of promised benefits.

So if you’re expecting to get $2,000 a month, the program will only be able to pay $1,580.

Technically, Social Security is funded by two trust funds — one for retiree benefits and one for disability benefits.

The 2034 date is the exhaustion date for both funds when combined. But if considered separately, the old-age fund will be exhausted by 2035, after which it would be able to pay just 77% of benefits. And the disability fund will be tapped out by 2023, at which point it could only pay out 89% of promised benefits.

To make all of Social Security solvent for the next 75 years would require the equivalent of any of the following: immediately raising the Social Security payroll tax rate to 14.98% from 12.4% on the first $118,500 of wages; cutting benefits by 16%; or some combination of the two.

Medicare faces insolvency two years earlier than expected

In terms of Medicare, the trustees project that the trust fund for Part A, which covers hospital costs for seniors, will run dry by 2028. That’s two years earlier than they projected last year, due to lower than expected payroll taxes and a slower-than-estimated rate of reduction in inpatient use of hospital services.

But the exhaustion date is still 11 years later than had been projected before Congress passed the Affordable Care Act, now known as Obamacare.

By 2028, Medicare Part A would only be able to pay out 87% of expected benefits — a figure that would fall to 79% by 2043 before gradually increasing to 86% by 2090.

Medicare Part B, meanwhile, which helps seniors pay for doctor’s bills and outpatient expenses, is funded by a combination of premium payments and money from general federal revenue. The same is true of Part D, which offers prescription drug coverage. Both will be financed in full indefinitely, but only because the law requires automatic financing of it.

But their costs are growing quickly. The trustees estimate that the costs will grow to 3.5% of GDP by 2037 then to 3.8% by 2090, up from 2.1% last year.

“Social Security and Medicare remain secure in the medium-term,” said Treasury Secretary Jacob Lew. “But reform will be needed, and Congress should not wait until the eleventh hour to address the fiscal challenges given that they represent the cornerstone of economic security for seniors in our country.”

Where do the presidential candidates stand?

The country’s long-term debt is very much driven by entitlement program spending, particularly in Medicare. That’s largely because the costs for both programs are expected to grow faster than the economy for the next two decades and then stay at or near relatively high levels for years after.

So what exactly would the presumed presidential nominees do about that?

As much as he publicly laments the country’s debt, Donald Trump offers nothing in the way of substantive policy proposals to reform either Medicare or Social Security, beyond promising that he will not curb spending on them.

Instead, Trump has said he wants to recapture money from other areas of the economy to shore-up Social Security.

Meanwhile, Hillary Clinton has specified what she won’t do — e.g., raising the retirement age or cutting middle class benefits — but she doesn’t offer detailed or diverse policy prescriptions of what she would do.

For instance, she has said she wants to shore up Social Security, but then says she wants to expand benefits, which increase the program’s costs.

Her only specific solution is to ask “the highest-income Americans to pay more, including options to tax some of their income above the current Social Security cap, and taxing some of their income not currently taken into account by the Social Security system.”

Related: Moody’s: Trump’s plan would cost 3.5 million jobs

Advocates for curing Social Security’s impending shortfall have pushed for changes sooner rather than later, because the longer the country waits the more abrupt and drastic the changes need to be.

They also often call for a mix of tax increases and spending cuts to reduce how steep either have to be.

As for expanding Social Security benefits, some propose making them more generous but just for the most vulnerable populations — such as seniors living at or near the poverty line.

On Medicare, Clinton has said she would build on cost-savings initiatives created by Obamacare and allow Medicare to “negotiate for lower prices with drug and biologic manufacturers; demanding higher rebates.”

Trump has said he would repeal Obamacare, but he also supports letting Medicare negotiate for better drug prices.

That alone, however, would not save the program much money unless the Health and Human Services Secretary is given authority to legally require lower prices, according to the Committee for a Responsible Federal Budget.

http://money.cnn.com/2016/06/22/pf/social-security-medicare/index.html

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Promise Broken: No action on Trump’s promise to sue accusers

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Trump-O-Meter Scorecard

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Promise KeptCompromisePromise BrokenStalledIn the WorksNot yet rated

Promise Promises Tracked
Promise Kept 9
Compromise 1
Promise Broken 3
Stalled 20
In the Works 38
Not yet rated 30

Tracking President Donald Trump’s campaign promises.

Promises we’ve rated recently

Eliminate Common Core

The Promise:“We’re cutting Common Core. We’re getting rid of Common Core. We’re bringing education locally.”

Update July 16th, 2017: No progress on Trump’s promise to kill Common Core

Build a safe zone for Syrian refugees

The Promise:“They should build a safe zone. Take a big piece of land in Syria and they have plenty of land, believe me. Build a safe zone for all these people, because I have a heart, I mean these people, it’s horrible to watch, But, they shouldn’t come over here. We should build a safe zone.”

Update July 14th, 2017: No clear progress on Syria safe zones

Bring back waterboarding

The Promise:“I would bring back waterboarding, and I’d bring back a hell of a lot worse than waterboarding,”

Update July 13th, 2017: Trump’s team mostly against waterboarding

Keep Guantanamo Bay Detention Center open

The Promise:“We’re going to keep, as you know, Gitmo, we’re keeping that open.”

Update July 7th, 2017: Trump committed to keeping Gitmo open

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 30th, 2017: Trump’s travel ban to take partial effect, administration defines ‘bona fide relationship’

Have mandatory minimum sentences for criminals caught trying to enter the United States illegally

The Promise:“On my first day in office, I am also going to ask Congress to pass ‘Kate’s Law’ – named for Kate Steinle – to ensure that criminal aliens convicted of illegal re-entry receive strong mandatory minimum sentences.”

Update June 29th, 2017: House passes bill for stricter penalties for criminal immigrants who re-enter country

Cancel all funding of sanctuary cities

The Promise:“We will end the sanctuary cities that have resulted in so many needless deaths. Cities that refuse to cooperate with federal authorities will not receive taxpayer dollars, and we will work with Congress to pass legislation to protect those jurisdictions that do assist federal authorities.”

Update June 29th, 2017: House passes bill to withhold certain federal grants from ‘sanctuary cities’

Establish a commission on radical Islam

The Promise:“One of my first acts as president will be to establish a commission on radical Islam which will include reformist voices in the Muslim community who will hopefully work with us.”

Update June 28th, 2017: Trump’s promised ‘commission on radical Islam’ doesn’t exist yet

Save the Carrier plant in Indiana

The Promise:“So here’s what’s going to happen: Within 24 hours, I’ll get a call — the head of Carrier — and he’ll say, ‘Mr. President, we’ve decided to stay in the United States. That’s what’s going to happen. 100 percent.”

Update June 27th, 2017: Carrier plant moves forward with planned job cuts

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 26th, 2017: U.S. Supreme Court accepts travel ban case, allows Trump’s order to partly take effect

Reverse Barack Obama’s Cuba policy

The Promise:“The president’s one-sided deal for Cuba and with Cuba benefits only the Castro regime but all the concessions that Barack Obama has granted the Castro Regime was done through executive order, which means they can be undone and that is what I intend to do unless the Castro Regime meets our demands.”

Update June 16th, 2017: Trump scales back Obama-era Cuba policies

Terminate Barack Obama’s immigration executive orders ‘immediately’

The Promise:“Immediately terminate President Obama’s two illegal executive amnesties (Deferred Action for Parents of Americans and Lawful Permanent Residents and Deferred Action for Childhood Arrivals). All immigration laws will be enforced — we will triple the number of ICE agents. Anyone who enters the U.S. illegally is subject to deportation. That is what it means to have laws and to have a country.”

Update June 16th, 2017: Trump administration rescinds memo for DAPA, keeps DACA

Create private White House veterans hotline

The Promise:“I will create a private White House hotline – that is answered by a real person 24 hours a day – to make sure that no valid complaint about the VA ever falls through the cracks. I will instruct my staff that if a valid complaint is not acted upon, then the issue be brought directly to me, and I will pick up the phone and fix it myself, if need be.”

Update June 15th, 2017: Vets’ hotline had its ‘soft launch’ on June 1

Remove existing Syrian refugees

The Promise:“I’m putting the people on notice that are coming here from Syria, as part of this mass migration, that if I win, if I win, they’re going back.”

Update June 15th, 2017: No efforts yet from Trump administration for mass deportation of Syrian refugees

Suspend immigration from terror-prone places

The Promise:“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Update June 12th, 2017: 9th Circuit Court of Appeals rules against Trump’s travel ban

Take no salary

“If I’m elected president, I’m accepting no salary.”

Create private White House veterans hotline

“I will create a private White House hotline – that is answered by a real person 24 hours a day – to make sure that no valid complaint about the VA ever falls through the cracks. I will instruct my staff that if a valid complaint is not acted upon, then the issue be brought directly to me, and I will pick up the phone and fix it myself, if need be.”

Enact term limits

“If I’m elected president, I will push for a constitutional amendment to impose term limits on all members of Congress.”

Impose death penalty for cop killers

“One of the first things I’d do in terms of executive order, if I win, will be to sign a strong, strong statement that would go out to the country, out to the world, that anybody killing a police man, a police woman, a police officer, anybody killing a police officer, the death penalty is going to happen,”

Appoint a special prosecutor to investigate Hillary Clinton

“I will ask, to appoint a special prosecutor. We have to investigate Hillary Clinton, and we have to investigate the investigation.”

Enact a temporary ban on new regulations

“We’re going to cancel every needless job-killing regulation and put a moratorium on new regulations until our economy gets back on its feet.”

Make no cuts to Medicare

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Invest $550 billion in infrastructure and create an infrastructure fund

 “The Trump Administration seeks to invest $550 billion to ensure we can export our goods and move our people faster and safer.”

Make no cuts to Social Security

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Make no cuts to Medicaid

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

Eliminate Common Core

“We’re cutting Common Core. We’re getting rid of Common Core. We’re bringing education locally.”

Impose a hiring freeze on federal employees

“A hiring freeze on all federal employees to reduce federal workforce through attrition (exempting military, public safety, and public health).”

Slash federal regulations

“A requirement that for every new federal regulation, two existing regulations must be eliminated.”

Place lifetime ban on White House officials lobbying for foreign government

“I’m going to issue a lifetime ban against senior executive branch officials lobbying on behalf of a foreign government and I’m going to ask Congress to pass a campaign finance reform that prevents registered foreign lobbyists from raising money in American elections and politics.”

Place lifetime ban on foreign lobbyists raising money for American elections

“A complete ban on foreign lobbyists raising money for American elections.”

Defund Planned Parenthood

“I would defund it because of the abortion factor, which they say is 3 percent. I don’t know what percentage it is. They say it’s 3 percent. But I would defund it, because I’m pro-life.”

Approve the Keystone XL project and reap the profits

“I want it built, but I want a piece of the profits.”

Achieve energy independence

“Under my presidency, we will accomplish a complete American energy independence. Complete. Complete.”

Nominate someone from his list of justices to replace Antonin Scalia

“I am looking to appoint judges very much in the mold of Justice Scalia. I’m looking for judges — and I’ve actually picked 20 of them so that people would see.”

Expand mental health programs

“We need to reform our mental health programs and institutions in this country.”

Expand national right to carry to all 50 states

“That’s why I have a concealed carry permit and why tens of millions of Americans do, too. That permit should be valid in all 50 states.”

Add additional federal investment of $20 billion toward School Choice

“Immediately add an additional federal investment of $20 billion towards school choice.”

Eliminate wasteful spending in every department

“We are going to ask every department head and government to provide a list of wasteful spending projects that we can eliminate in my first 100 days.”

Open up libel laws

“I’m going to open up our libel laws so when they write purposely negative and horrible and false articles, we can sue them and win lots of money.”

Ensure funding for historic black colleges

“My plan will also ensure funding for historic black colleges and universities, more affordable two- and four-year college and support for trade and vocational education.”

Cancel global warming payments to the United Nations

“We’re going to put America first. That includes canceling billions in climate change spending for the United Nations.”

Renegotiate the Iran deal

“This deal if I win will be a totally different deal. This will be a totally different deal.”

Build a safe zone for Syrian refugees

“They should build a safe zone. Take a big piece of land in Syria and they have plenty of land, believe me. Build a safe zone for all these people, because I have a heart, I mean these people, it’s horrible to watch, But, they shouldn’t come over here. We should build a safe zone.”

Close parts of the Internet where ISIS is

Speaking of ISIS, “We’re losing a lot of people because of the Internet and we have to do something. We have to go see Bill Gates and a lot of different people that really understand what’s happening. We have to talk to them, maybe in certain areas closing that Internet up in some way. Somebody will say, ‘oh, freedom of speech, freedom of speech.’ These are foolish people… we’ve got to maybe do something with the Internet because they (ISIS) are recruiting by the thousands, they are leaving our country and then when they come back, we take them back.”

End the defense sequester

“As soon as I take office I will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military. It is so depleted. We will rebuild our military.”

Keep Guantanamo Bay Detention Center open

“We’re going to keep, as you know, Gitmo, we’re keeping that open.”

Bring back waterboarding

“I would bring back waterboarding, and I’d bring back a hell of a lot worse than waterboarding,”

Develop a plan to defeat ISIS in 30 days

“We are going to convene my top generals and give them a simple instruction. They will have 30 days to submit to the Oval Office a plan for soundly and quickly defeating ISIS. We have no choice.”

Establish a commission on radical Islam

“One of my first acts as president will be to establish a commission on radical Islam which will include reformist voices in the Muslim community who will hopefully work with us.”

Move U.S. Embassy in Tel Aviv to Jerusalem

“We will move the American embassy to the eternal capital of the Jewish people, Jerusalem.”

Reverse Barack Obama’s Cuba policy

“The president’s one-sided deal for Cuba and with Cuba benefits only the Castro regime but all the concessions that Barack Obama has granted the Castro Regime was done through executive order, which means they can be undone and that is what I intend to do unless the Castro Regime meets our demands.”

Cancel the Paris climate agreement

“We’re going to cancel the Paris Climate Agreement and stop all payments of U.S. tax dollars to U.N. global warming programs.”

Increase the size of the U.S. Army to 540,000 active duty soldiers

“We will build an active army around 540,000 as the army’s Chief of Staff has said he needs desperately and really must have to protect our country.”

Rebuild the Marine Corps to 36 battalions

“We will build a Marine Corps based on 36 battalions, which the Heritage Foundation notes is the minimum needed to deal with major contingencies – we have 23 now.”

Provide the U.S. Air Force with 1,200 fighter aircraft

“We will build an Air Force of at least 1,200 fighter aircraft, which the Heritage Foundation again has shown to be needed to execute current missions.”

Rebuild the U.S. Navy toward the goal of 350 ships

“We will build a Navy of 350 surface ships and submarines as recommended by the bipartisan National Defense Panel.”

Call for an international conference to defeat ISIS

“As president, I will call for an international conference focused on this goal. We will work side-by-side with our friends in the Middle East, including our greatest ally, Israel.”

Reverse China’s entry into the World Trade Organization

“That means reversing two of the worst legacies of the Clinton years…First, the North American Free Trade Agreement, or NAFTA. Second, China’s entry into the World Trade Organization.”

Ask countries we protect to pay more for joint defense

 “I think NATO’s great. But it’s got to be modernized. And countries that we’re protecting have to pay what they’re supposed to be paying.”

Guarantee 6-week paid leave

“We can provide six weeks of paid maternity leave to any mother with a newborn child whose employer does not provide the benefit.”

Repeal Obamacare

“Real change begins with immediately repealing and replacing the disaster known as Obamacare.”

Change the vaccination schedule for children

“I am totally in favor of vaccines. But I want smaller doses over a longer period of time” to avoid possible links to Autism.

Get Congress to allow health insurance across state lines

“The insurance companies are getting rich off health care and health insurance and everything having to do with health. We’re going to end that. We’re going to take out the artificial boundaries, the artificial lines. We’re going to get a plan where people compete, free enterprise.”

Allow individuals to deduct health care insurance premiums from taxes

“Allow individuals to fully deduct health insurance premium payments from their tax returns under the current tax system.”

Create a health savings account

“Allow individuals to use Health Savings Accounts (HSAs). Contributions into HSAs should be tax-free and should be allowed to accumulate.”

Require price transparency from health care providers

“Require price transparency from all health care providers, especially doctors and health care organizations like clinics and hospitals.”

Administer Medicaid through block grants

“Our elected representatives in the House and Senate must … block-grant Medicaid to the states. Nearly every state already offers benefits beyond what is required in the current Medicaid structure.”

Allow free access to the drug market

“Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products.”

Increase veterans’ health care

“We are going to make sure every veteran in America has the choice to seek care at the Veterans Administration or to seek private medical care paid for by our government.”

Build a wall, and make Mexico pay for it

“I would build a great wall, and nobody builds walls better than me, believe me, and I’ll build them very inexpensively. I will build a great great wall on our southern border and I’ll have Mexico pay for that wall.”

Remove criminal undocumented immigrants

“A Trump administration will stop illegal immigration, deport all criminal aliens, and save American lives.”

Remove all undocumented immigrants

“We have at least 11 million people in this country that came in illegally. They will go out. They will come back — some will come back, the best, through a process. They have to come back legally. They have to come back through a process, and it may not be a very quick process, but I think that’s very fair, and very fine.”

Cancel all funding of sanctuary cities

“We will end the sanctuary cities that have resulted in so many needless deaths. Cities that refuse to cooperate with federal authorities will not receive taxpayer dollars, and we will work with Congress to pass legislation to protect those jurisdictions that do assist federal authorities.”

Establish a ban on Muslims entering the U.S.

“Donald J. Trump is calling for a total and complete shutdown of Muslims entering the United States until our country’s representatives can figure out what the hell is going on.”

Suspend immigration from terror-prone places

“And if people don’t like it, we’ve got to have a country folks. Got to have a country. Countries in which immigration will be suspended would include places like Syria and Libya. And we are going to stop the tens of thousands of people coming in from Syria.”

Limit legal immigration

“We will reform legal immigration to serve the best interests of America and its workers, the forgotten people. Workers. We’re going to take care of our workers.”

Use U.S. steel for infrastructure projects

“A Trump Administration will also ensure that we start using American steel for American infrastructure.”

Have mandatory minimum sentences for criminals caught trying to enter the United States illegally

“On my first day in office, I am also going to ask Congress to pass ‘Kate’s Law’ – named for Kate Steinle – to ensure that criminal aliens convicted of illegal re-entry receive strong mandatory minimum sentences.”

Remove existing Syrian refugees

“I’m putting the people on notice that are coming here from Syria, as part of this mass migration, that if I win, if I win, they’re going back.”

End birthright citizenship

“End birthright citizenship.”

Increase visa fees

“Increase fees on all border crossing cards – of which we issue about 1 million to Mexican nationals each year (a major source of visa overstays).”

Stop TPP

“I’m going to issue our notification of intent to withdraw from the Trans-Pacific Partnership.”

Renegotiate NAFTA

“A Trump administration will renegotiate NAFTA and if we don’t get the deal we want, we will terminate NAFTA and get a much better deal for our workers and our companies. 100 percent.”

Raise tariffs on goods imported into the U.S.

“Any country that devalues their currency to take unfair advantage of the United States and all of its companies that can’t compete will face tariffs and taxes to stop the cheating.”

Declare China a currency manipulator

“Instruct the Treasury Secretary to label China a currency manipulator.”

Adopt the penny plan

“The ‘Penny Plan’ would reduce non-defense, non-safety net spending by one percent of the previous year’s total each year. Over 10 years, the plan will reduce spending (outlays) by almost $1 trillion without touching defense or entitlement spending.”

Grow the economy by 4 percent a year

“We’re bringing it (the GDP) from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”

Save the Carrier plant in Indiana

“So here’s what’s going to happen: Within 24 hours, I’ll get a call — the head of Carrier — and he’ll say, ‘Mr. President, we’ve decided to stay in the United States. That’s what’s going to happen. 100 percent.”

Hire American workers first

“Establish new immigration controls to boost wages and to ensure that open jobs are offered to American workers first.”

Replace J-1 Visa with Inner City Resume Bank

“The J-1 visa jobs program for foreign youth will be terminated and replaced with a resume bank for inner city youth provided to all corporate subscribers to the J-1 visa program.”

Eliminate the federal debt in 8 years

“We’ve got to get rid of the $19 trillion in debt. … Well, I would say over a period of eight years. And I’ll tell you why.”

Sue his accusers of sexual misconduct

“The events never happened. Never. All of these liars will be sued after the election is over.”

Not take vacations

“I would not be a president who took vacations. I would not be a president that takes time off.”

Release his tax returns after an audit is completed

“I’m under a routine audit and it’ll be released, and as soon as the audit is finished it will be released.”

Won’t say ‘Happy Holidays’

“If I become president, we’re going to be saying Merry Christmas at every store. You can leave (happy holidays) at the corner. …Other religions can do what they want.”

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The Pronk Pops Show 925, Story 1: Republicans Rush To Pass Repeal and Replace Obamacare Before August Recess with Pence, Cruz and McConnell Leading The Way — Videos — Story 2: Total Repeal of Obamacare Requires Total Repeal of All Obamacare Regulations Including Requiring Guaranteed Issue In Individual Health Insurance Market For Those With Preexisting Conditions, Community Rating Premiums and 10 Essential Health Care Benefits as Well As Repeal of The Individual and Employer Mandates and All Obamacare-Related Taxes– Address Individuals With Preexisting Conditions by State Special Risk Pools Insurance Coverage With State Subsidies Only and No Federal Subsidies — Otherwise Guaranteed Failure Just Like Obamacare Due To Adverse Selection — Leading To Single Government Payer Health Care System — Total Repeal of Obamacare Now Or Replace Your Representative and Senators Both Democrat and Republican Next November — It’s Now Or Never (O Sole Mio) — Videos

Posted on July 10, 2017. Filed under: American History, Biology, Blogroll, Breaking News, Communications, Computer, Congress, Countries, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Education, Elections, Employment, Freedom of Speech, Government, Government Spending, Health Care, Health Care Insurance, History, House of Representatives, Human, Insurance, Investments, Language, Law, Life, Media, Medical, Medicine, Mike Pence, National Interest, News, People, Philosophy, Photos, Politics, Polls, President Barack Obama, President Trump, Progressives, Rand Paul, Rand Paul, Raymond Thomas Pronk, Rule of Law, Science, Security, Senate, Success, Taxation, Taxes, Ted Cruz, Ted Cruz, United States of America, Videos, Wealth, Wisdom | Tags: , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 925,  July 10, 2017

Pronk Pops Show 924,  July 6, 2017

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

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Pronk Pops Show 912,  June 15, 2017

Pronk Pops Show 911,  June 14, 2017

Pronk Pops Show 910,  June 13, 2017

Pronk Pops Show 909,  June 12, 2017

Pronk Pops Show 908,  June 9, 2017

Pronk Pops Show 907,  June 8, 2017

Pronk Pops Show 906,  June 7, 2017

Pronk Pops Show 905,  June 6, 2017

Pronk Pops Show 904,  June 5, 2017

Pronk Pops Show 903,  June 1, 2017

Pronk Pops Show 902,  May 31, 2017

Pronk Pops Show 901,  May 30, 2017

Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

Pronk Pops Show 898,  May 23, 2017

Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

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Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

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Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

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Story 1: Republicans Rush To Pass Repeal and Replace Obamacare Before August Recess with Pence, Cruz and McConnell Leading The Way — Videos —

Ronald Reagan speaks out on Socialized Medicine – Audio

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Vice President Pence ‘s Obamacare Listening Session with Ohio Small Business Owners

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Sen Mike Lee on the push to repeal ObamaCare

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Sen. Rand Paul: Senate health care bill needs more Obamacare ‘repeal’

Sen. Rand Paul: We shouldn’t try to fix government intervention with more intervention. – 6/22/17

I won’t vote to keep ObamaCare: Rand Paul

Coolidge: The Best President You Don’t Know

Amity Shlaes on Coolidge’s life, ideas, and success in bringing about low taxes and small government

Uncommon Knowledge: The Great Depression with Amity Shlaes

Amity Shlaes: Calvin Coolidge, Better Than Reagan?

Archie Bunker on Democrats

 

Trump prods Congress to pass stalled healthcare overhaul

By Susan Cornwell and Ian Simpson | WASHINGTON

President Donald Trump on Monday prodded the Republican-led U.S. Congress to pass major healthcare legislation but huge obstacles remained, with a senior lawmaker saying the Senate was unlikely to take up the stalled bill until next week.

The House of Representatives approved its healthcare bill in May but the Senate’s version appeared to be in growing trouble as lawmakers returned to Washington from a week-long recess.

“I cannot imagine that Congress would dare to leave Washington without a beautiful new HealthCare bill fully approved and ready to go!” Trump wrote on Twitter, referring to the seven-year Republican quest to dismantle Democratic former President Barack Obama’s signature legislative achievement.

Lawmakers are set to take another recess from the end of July until Sept. 5.

Repealing and replacing the Affordable Care Act, dubbed Obamacare, was a central campaign pledge for the Republican president. But Senate Republican leaders have faced a revolt within their ranks, with moderate senators uneasy about the millions of Americans forecast to lose their medical insurance under the legislation and hard-line conservatives saying it leaves too much of Obamacare intact.

They were struggling to find a compromise that could attract the 50 votes needed for passage in a chamber Republicans control by a 52-48 margin, with Vice President Mike Pence casting a potential tie-breaking vote in the face of unified Democratic opposition.

No. 2 Senate Republican John Cornyn said Republicans could release an updated draft of their bill by the end of the week and told Fox News that senators could vote as early as Tuesday or Wednesday of next week.

 
U.S. President Donald Trump waves as walks on the South Lawn of the White House upon his return to Washington, U.S., from the G20 Summit in Hamburg, July 8, 2017. REUTERS/Yuri Gripas
“We’re going to continue to talk and listen and exchange ideas on how we can continue to make improvements,” Cornyn said on the Senate floor.

Also speaking on the Senate floor, Majority Leader Mitch McConnell gave no timetable for the bill. McConnell signaled his determination to keep working and said mere legislative “band-aids” would not suffice.

Senate Democratic leader Chuck Schumer said he had written to McConnell urging a bipartisan effort to stabilize the health insurance market, noting that McConnell had been quoted recently as saying Congress would need to shore up that market if lawmakers fail to repeal Obamacare.

The U.S. Centers for Medicare and Medicaid Services issued data on Monday showing a 38 percent decrease in applications by insurers to sell health plans in the Obamacare individual market in 2018 compared to this year. The agency said insurers continue to flee the exchanges, the online marketplace for health insurance set up under Obamacare.

MORE AMERICANS UNINSURED

With uncertainty hanging over the healthcare system, the percentage of U.S. adults without health insurance grew in the April-May-June period to 11.7 percent, up from 11.3 percent in the first quarter of 2017, according to Gallup-Sharecare Well-Being Index figures released on Monday. That translates into nearly 2 million more Americans who have become uninsured.

Scores of protesters voiced opposition to the legislation outside the Republican National Committee headquarters and at the offices of some Republican lawmakers including House of Representatives Speaker Paul Ryan, chanting slogans including “Trumpcare kills” and “Healthcare is a human right.”

U.S. Capitol Police said in a statement 80 people were arrested at 13 locations in House and Senate office buildings after they refused “to cease and desist with their unlawful demonstration activities.”

Republicans criticize Obamacare as a costly government intrusion into the healthcare system. Democrats call the Republican legislation a giveaway to the rich that would hurt millions of the most vulnerable Americans.

The Senate legislation would phase out the Obamacare expansion of the Medicaid health insurance program for the poor and disabled, sharply cut federal Medicaid spending beginning in 2025, repeal most of Obamacare’s taxes, end a penalty on Americans who do not obtain insurance and overhaul Obamacare’s subsidies to help people buy insurance with tax credits.

Leerink Partners analyst Ana Gupte said investors remained in a “wait-and-see” mode regarding the Senate legislation.

(For a graphic on who’s covered under Medicaid, click bit.ly/2u3O2Mu)

(Additional reporting by Susan Heavey, Eric Beech and Doina Chiacu; Writing by Will Dunham; Editing by Tom Brown)

http://www.reuters.com/article/us-usa-politics-healthcare-idUSKBN19V0YP

 

The Health 202: Cruz picks government health care subsidies as lesser of two evils

 July 10 at 9:03 AM
THE PROGNOSIS

Even conservatives acknowledge that the sickest Americans need help in paying their own steep insurance costs. In an ironic twist, some would rather have the government make up the difference rather than spreading expenses among the healthy.

Health insurance markets are so complicated, and the policy around them is so complex and intertwined, that politicians don’t always land ideologically on the issue where you’d think. Just look at how GOP Sen. Ted Cruz of Texas is trying to change the Obamacare overhaul that Senate Republicans will try to pass in the next three weeks before August recess. The former presidential candidate last week touted his ideas and on the Sunday shows yesterday, my colleague Sean Sullivan reports.

Cruz’s so-called “Consumer Freedom Amendment” — which conservatives have been rallying around as the revision they most want — would essentially free the healthiest Americans from covering the costs of the sickest Americans. But the sick would be even more heavily reliant on federal assistance as a result.

“You would likely see some market segmentation” Cruz told Vox last month. “But the exchanges have very significant federal subsidies, whether under the tax credits or under the stabilization funds.”

The Cruz amendment, which is being scored by the Congressional Budget Office as one of several potential changes to the Senate health-care bill, would result in segmenting the individual insurance market into two groups, experts say. Under it, insurers could sell cheaper, stripped-down plans free of Obamacare coverage requirements like essential health benefits or even a guarantee of coverage. These sparser plans would appeal to the healthiest Americans, who would gladly exchange fewer benefits for lower monthly premiums.

But insurers would also have to sell one ACA-compliant plan. The sickest patients would flock to these more expansive and expensive plans because they need more care and medications covered on a day-to-day basis. As a result, premiums for people with expensive and serious medical conditions like diabetes or cancer would skyrocket because all those with such serious conditions would be pooled together.

“The question is, would there be a premium spiral on the ACA-complaint market?” said Cori Uccello, a senior health fellow with the American Academy of Actuaries. “Can they ever price those premiums adequately if it’s just going to be the sickest people in there?”

It’s true that government subsidies — which under the Senate plan would be available to those earning up to 350 percent of the federal poverty level — would be even more crucial in order for these sicker Americans to afford the cost of their coverage, as would an extra infusion of federal “stabilization” money for states to cover their steep expenses.

Cruz hasn’t laid out all the details of how his amendment would work, nor is it even certain Senate Majority Leader Mitch McConnell (R-Ky.) will accept it as part of his health-care bill. But should it be adopted, and the Senate bill ultimately made law, the Cruz amendment would significantly shift how the individual insurance market operates.

But in Cruz’s mind, it would solve one of the biggest problems with Obamacare: that it robs the healthy to pay for the sick. He’s spent the last week pitching it as the legislative solution for passing the Senate bill.

“I think really the consumer freedom option is the key to bringing Republicans together and getting this repeal passed,” Cruz said on ABC yesterday.

Of course, everyone paying into the system for those who most need care is the way insurance is fundamentally supposed to work. The ACA requires insurers to offer a wider ranger of benefits in plans sold to everyone regardless of their health status. But to Cruz and his compatriots, requiring healthier people to buy cushier plans than they want or need is an abridgment of personal freedom and oversteps federal regulatory authority. So they’re more worried at the moment about rolling back more ACA regulations and less worried about federal spending.

“I think for conservatives it’s become a question of picking their poison,” Larry Levitt, president of the Kaiser Family Foundation, told me. “Is it government spending, or regulation? It’s almost like with this amendment, Sen. Cruz is acknowledging the need for a government entitlement program.”

Conservative groups that want a much fuller Obamacare repeal than the Senate bill provides have been jumping on the Cruz bandwagon, including Club for Growth, FreedomWorks and Tea Party Patriots.

.@SenTedCruz@SenMikeLee ‘Consumer Choice’ amendment, aka individual Obamacare Opt Out, is real step toward . We Support it!

From Tea Party Patriots founder Jenny Beth Martin:

If the Senate adopts the Cruz-Lee Amdt to the health care bill, @TPPatriots will be more likely to support the bill http://www.teapartypatriots.org/news/tea-party-patriots-signals-support-for-cruz-lee-amendment-to-senate-health-care-bill/ 

Photo published for Tea Party Patriots Signals Support for Cruz-Lee Amendment to Senate Health Care Bill

Tea Party Patriots Signals Support for Cruz-Lee Amendment to Senate Health Care Bill

Atlanta, GA – Tea Party Patriots President and co-founder Jenny Beth Martin released the following statement today regarding the amendment to the Senate health care bill offered by Senators Ted Cruz…

teapartypatriots.org

On the flip side, the Cruz amendment could help kill the Senate health-care bill in the end because it’s prompting fears among moderates (whose votes are also needed to pass the legislation) that patients with preexisting conditions could be harmed.

“I think that reopens an issue that I can’t support, that it would make it too difficult for people with preexisting conditions to get coverage,” Sen. Shelley Moore Capito (R-W.Va.) told the Charleston Gazette-Mail.

Cruz has said the Senate bill’s $100 billion stabilization fund for states could help cover costs for the resulting pricier coverage for those with preexisting conditions under his amendment. And to parry concerns about the increased federal spending, which to some is more than ironic coming from Cruz? The  talking point Capitol Hill aides and conservative wonks are adopting: Directly subsidizing costs for those with preexisting conditions is a more “honest” approach by the government than forcing healthy people to indirectly pay for their care by buying comprehensive coverage.

“If you’re going to have a subsidy, have it come directly from the taxpayer and call it a subsidy rather than try to dragoon people to do the government’s work,” said Chris Jacobs, a former GOP Hill staffer and founder of Juniper Research Group.

“It’s more honest and fair to have the government than to have healthy, middle-class families pay for it,” Conn Carroll, a spokesman for Sen. Mike Lee (R-Utah) said.

A co-sponsor of Cruz’s amendment, Lee is insisting it be added to the Senate bill before he’ll vote for it. Sens. Rand Paul of Kentucky and Ron Johnson of Wisconsin have sent similar signals. And remember — if more than two Republicans defect, the measure would be sunk in the Senate and the GOP effort to repeal-and-replace Obamacare would most likely meet a bitter end.

Some exciting news over at The Daily 202 from my colleague James Hohmann, whose newsletter makes its debut on Amazon Echo devices and Google Home as a flash briefing called “The Daily 202’s Big Idea.” Every morning, you can listen to James analyze one of the day’s most important political stories, along with three headlines you need to know. To learn how to add The Daily 202’s Big Idea to your flash briefings on your Echo device or Google Home, visit this page. You can also get the briefing on Apple Podcasts or wherever you get your podcasts.

https://www.washingtonpost.com/news/powerpost/paloma/the-health-202/2017/07/10/the-health-202-cruz-picks-government-health-care-subsidies-as-lesser-of-two-evils/59611958e9b69b7071abcae4/?utm_term=.7137a797b4cf

GOP, White House Plot ‘Urgent Blitz’ For Repeal Votes | The Last Word | MSNBC

Story 2: Total Repeal of Obamacare Requires Total Repeal of All Obamacare Regulations Including Requiring Guaranteed Issue In Individual Health Insurance Market For Those With Preexisting Conditions, Community Rating Premiums and 10 Essential Health Care Benefits as Well As Repeal of The Individual and Employer Mandates and All Obamacare-Related Taxes– Address Individuals With Preexisting Conditions by State Special Risk Pools Insurance Coverage With State Subsidies Only and No Federal Subsidies — Otherwise Guaranteed Failure Just Like Obamacare Due To Adverse Selection — Leading To Single Government Payer Health Care System — Total Repeal of Obamacare Now Or Replace Your Representative and Senators Both Democrat and Republican Next November — It’s Now Or Never (O Sole Mio) — Videos

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Elvis – It’s Now Or Never (O Sole Mio)

 

 

It’s Now or Never
It’s now or never,
Come hold me tight
Kiss me my darling,
Be mine tonight
Tomorrow will be too late,
It’s now or never
My love won’t wait.
When I first saw you
With your smile so tender
My heart was captured,
My soul surrendered
I’d spend a lifetime
Waiting for the right time
Now that your near
The time is here at last.
It’s now or never,
Come hold me tight
Kiss me my darling,
Be mine tonight
Tomorrow will be too late,
It’s now or never
My love won’t wait.
Just like a willow,
We would cry an ocean
If we lost true love
And sweet

 

FACT VERSUS FEAR: THE AHCA AND PRE-EXISTING CONDITIONS

On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA), a bill to repeal and replace many provisions of the Affordable Care Act (ACA). Immediately following the vote, misinformation about the bill began spreading like wildfire, stoking fears and outrage. The issue which seems to be getting the most attention is the potential impact this legislation could have on people with pre-existing conditions. However, as the legislation now moves to the Senate for further consideration and amendment, it is important that all stakeholders be well informed, and understand what the legislation actually says and who may realistically be impacted by any possible changes to current law.

  • The number of people in the U.S. with a condition that would likely qualify as pre-existing is not easily known, primarily because there is not a specific, pre-determined list of conditions. Estimates vary depending on how one defines “pre-existing.”
  • Even the range included in a recent report from the Department of Health and Human Services varied by a margin of more than 2:1, from between 61 million to 133 million people.[1] That said, it is likely that approximately as many as a quarter of Americans, and possibly more, have a pre-existing health condition, making it understandable why some are concerned.
  • As the AHCA is currently written, the only people who could be charged a premium based on their health status are those with a pre-existing condition who are not enrolled in a large group health plan, are also living in a state that obtains a waiver, and have let their insurance lapse in the past year for 63 days or more. In this case, the increased premium would only be allowed for one year. Further, no one may be denied insurance because of a pre-existing condition.

Background

Before passage of the ACA, most laws pertaining to the regulation of the individual health insurance market were passed at the state level and could vary widely from one state to another. The McCarran-Ferguson Act of 1945 provided states primary responsibility for regulating the business of insurance.

The Employee Retirement Income Security Act of 1974 (ERISA) imposed federal standards on certain types and with respect to certain provisions of large group (employer-sponsored) health plans, some of which supersede state law.[2] Among the provisions included in ERISA is a requirement that plans be offered on a guaranteed-issue basis, meaning that insurers are prohibited from denying coverage to the group based on medical claims history; though, the policy may be medically underwritten, meaning the premiums are based on the insured’s health status.

In 1996, the Health Insurance Portability and Accountability Act (HIPAA) was passed and imposed additional federal health insurance standards across the individual, small group, and large group markets. In response to concerns of “job-lock”—the fear that leaving a job could result in the inability to regain health insurance if an individual had a pre-existing condition—HIPAA required all states to guarantee renewability of health insurance coverage to anyone who had creditable coverage for the past 18 months, with no more than a 63-day gap in coverage during that time.[3] However, while insurers were required to renew an individual’s policy from one year to the next, they were still not prohibited from medically underwriting individuals. Thus, some individuals found that while a plan was still technically available to them, the premium may have effectively priced them out of the market. Even those without a pre-existing condition may have found the cost of insurance to be significantly higher without the added employer contribution and tax advantage that such plans receive, which could make maintaining coverage, and HIPAA eligibility, more difficult.

Very few states previously had guarantee issue or renewability requirements or other protections for individuals not covered by HIPAA.[4] Most states permitted insurers to impose pre-existing condition exclusions, in which a pre-existing condition could be used to deny coverage altogether, or would not be covered by an individual’s new insurance policy for at least a certain amount of time, if not indefinitely. Varying “look-back” periods were also prevalent, which regulated the amount of time during which the insurer may check an individual’s claims history to make such a determination.

Current Law

The ACA attempted to mitigate these issues by imposing federal guaranteed issue requirements paired with community rating, which prohibits medical underwriting, across all health insurance markets. For many, these protections became the most important provisions of the ACA. However, there are economic consequences associated with such protections; primarily, higher average premiums in the individual market and increased spending by federal taxpayers. Multiple risk mitigation programs were included in order to help subsidize the cost of insuring high-risk, high-cost individuals, but the funding has not been sufficient. Insurers continue to lose money in the individual market, despite tens of billions of dollars in federal payments each year. In fact, many insurers have found the markets to be so unprofitable due to the many enhanced regulations, that they have decided they can no longer participate in the individual market in many states.[5]

The AHCA

The AHCA, passed by the House of Representatives on May 4, would repeal and replace many provisions of the ACA. One of the ACA’s most well-known provisions, the individual mandate which requires everyone to obtain health insurance, would be repealed (practically speaking, though not technically) and replaced with a continuous coverage provision.[6] These two policies are similar. The individual mandate imposes an annual penalty for not being insured equal to the greater of $695 per adult or 2.5 percent of household income.[7] The continuous coverage provision in this legislation would, instead of federally mandating that everyone buy insurance, incentivize individuals to remain insured by allowing for the imposition of a 30 percent premium surcharge for one year on individuals who signed up for coverage if they were uninsured for more than two months in the previous year.[8] After paying the surcharge for one year, individuals would return to paying regular community-rated premiums.

One provision that would not be repealed is the federal guaranteed issue requirement; insurers in every state would still be prohibited from denying insurance coverage to anyone on the basis of a pre-existing condition. In no circumstance would this protection be denied, though it seems much confusion surrounding this protection has stemmed from the adoption of several amendments to the underlying legislation.

The first relevant amendment is one that was negotiated by Rep. Mark Meadows (R-NC), on behalf of the Freedom Caucus. This amendment includes a provision pertaining to the “essential health benefits” established by the ACA—ten categories of care which are now required to be covered under every health insurance plan. The amendment would permit states, rather than the federal government, to define the EHB standards for themselves beginning in 2018.[9] However, this provision was ultimately struck.

A second amendment was offered by Rep. Tom MacArthur (R-NJ) to address concerns that states would drastically reduce benefit requirements. The MacArthur amendment reinstates the federal EHB standards, but would allow states to apply for waivers to a number of provisions, under certain conditions. Waivers would be permitted for the following: beginning in 2018, a change in age-rating restrictions (which determine how much more an insurer may charge an older person relative to a younger person); beginning in 2019, changes to the community rating provisions, which prohibit insurers from medically underwriting individuals; and, beginning in 2020, changes to the federal EHB standards, permitting states to set their own.

Any state seeking to obtain a community rating waiver must first have in place a program to help high-risk individuals enroll in coverage or a program providing incentives to insurers to enter the market and stabilize premiums, or an invisible risk-sharing program, as defined by the Schweikert/Palmer amendment.[10] All of these programs would be at least partially funded by the $138 billion provided over the next ten years by the Patient and State Stability Fund created by AHCA. The state must also specify how the waiver it is requesting would assist in: reducing average premiums in the state, increasing the number insured, stabilizing the health insurance market, stabilizing premiums for people with pre-existing conditions, or increasing plan choice in the state. If a state demonstrates it has met these conditions and obtains such a waiver, then it may permit insurers to waive the community rating protections, though only for individuals who have not maintained continuous coverage (save for the 63-day allowance) seeking to enroll in coverage in the individual and small group markets. In other words, individuals who would otherwise face a 30 percent surcharge as a result of not maintaining continuous coverage, would instead be medically underwritten for one year. However, under no circumstance may the gender rating protections be waived; insurers would continue to be prohibited from charging different rates based on whether an individual is a male or female.

Thus, the only people who could be charged a premium based on their health status are those with a pre-existing condition, not enrolled in a large group health plan, living in a state that obtains a waiver, who have let their insurance lapse in the past year for 63 days or more, and then only for one year. All others would continue to be protected by the community rating provisions currently in place under the ACA. Further, no one could be denied coverage because of the existence of a pre-existing condition, or even face a lock-out period.

Conclusion

The AHCA would not provide for the return to the status quo prior to the ACA. It is unlikely that many Americans will be impacted by the provisions of the MacArthur amendment. Finally, the AHCA must still be passed by the Senate and is likely to undergo significant reforms before it does, in which case, the legislation would again have to be passed by the House.

 

[1] https://aspe.hhs.gov/system/files/pdf/255396/Pre-ExistingConditions.pdf

[2] https://www.nahu.org/consumer/GroupInsurance.cfm

[3] There are some exceptions to the guaranteed renewability requirements.

[4] http://www.ncsl.org/research/health/individual-health-insurance-in-the-states.aspx

[5] http://kff.org/health-reform/issue-brief/2017-premium-changes-and-insurer-participation-in-the-affordable-care-acts-health-insurance-marketplaces/

[6] Technically, the mandate would not be repealed because legislative rules prohibit such a change through the reconciliation process, but the applicable penalty would be set to $0, rendering the mandate moot.

[7] https://www.healthcare.gov/fees/fee-for-not-being-covered/

[8] The continuous coverage provisions which match the 63-day rule of the HIPAA requirements.

[9] https://rules.house.gov/sites/republicans.rules.house.gov/files/115/policymngr-amdt.pdf

[10] https://rules.house.gov/sites/republicans.rules.house.gov/files/115/AHCA/Palmer-Schweikert%20Amendment.pdf

Read more: https://www.americanactionforum.org/insight/fact-versus-fear-ahca-pre-existing-conditions/#ixzz4mSiu1KRn
Follow us: @AAF on Twitter

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The Pronk Pops Show 923, July 5, 2017, Story 1: Chinese Communists Need To Replace North Korean Kim Jung Eng To Stop Nuclear Proliferation Or Face Embargo On All Chinese Goods Going To North America and European Union –Neither Diplomatic Nor Military Options Are Viable — Conventional and Nuclear War Are Not Viable Options — Videos — Story 2: Microsoft’s Founder Bill Gates Finally Gets A Clue — Open Borders Mass Migration Is Not In The Interest of Neither The American People Nor The People of Europe — Bad Ideas Have Negative Consequences — What Is Bill Gates Afraid of? — Videos

Posted on July 5, 2017. Filed under: American History, Blogroll, Bombs, Breaking News, Budgetary Policy, Canada, Coal, College, Comedy, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Cruise Missiles, Culture, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Drones, Economics, Education, Empires, Employment, Federal Government, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Germany, Government, Government Dependency, Government Spending, Great Britain, History, Homicide, House of Representatives, Human Behavior, Independence, Islamic Republic of Iran, Japan, Language, Law, Lying, Media, MIssiles, National Interest, Natural Gas, Neutron Bomb, North Korea, Nuclear, Nuclear Weapons, Oil, People, Philosophy, Photos, Pistols, Politics, Polls, Progressives, Raymond Thomas Pronk, Regulation, Resources, Rifles, Rule of Law, Senate, South Korea, Success, Tax Policy, Taxation, Taxes, Technology, Trade Policy, Transportation, United Kingdom, United States of America, Videos, Violence, War, Wealth, Weapons, Weapons of Mass Destruction, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

Pronk Pops Show 916,  June 21, 2017

Pronk Pops Show 915,  June 20, 2017

Pronk Pops Show 914,  June 19, 2017

Pronk Pops Show 913,  June 16, 2017

Pronk Pops Show 912,  June 15, 2017

Pronk Pops Show 911,  June 14, 2017

Pronk Pops Show 910,  June 13, 2017

Pronk Pops Show 909,  June 12, 2017

Pronk Pops Show 908,  June 9, 2017

Pronk Pops Show 907,  June 8, 2017

Pronk Pops Show 906,  June 7, 2017

Pronk Pops Show 905,  June 6, 2017

Pronk Pops Show 904,  June 5, 2017

Pronk Pops Show 903,  June 1, 2017

Pronk Pops Show 902,  May 31, 2017

Pronk Pops Show 901,  May 30, 2017

Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

Pronk Pops Show 898,  May 23, 2017

Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

Pronk Pops Show 890,  May 10, 2017

Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons communist china and north koreaImage result for cartoons communist china and north koreaImage result for cartoons open borders and mass migration into europeImage result for cartoons bill gates on mass migrationImage result for cartoons bill gates open borders

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 Story 1: Chinese Communists Need To Replace North Korean Kim Jung Eng To Stop Nuclear Proliferation In Asia and Middle East Or Face Embargo On All Chinese Goods Going To North America and European Union –Neither Diplomatic Nor Military Options Are Viable — Conventional and Nuclear War Are Not Viable Options — Videos —

Image result for north korea icbmImage result for north korea icbm

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U.N. Security Council holds emergency meeting after North Korea missile test

How North Korea’s ICBM test has “changed the game”

John Bolton calls for ‘sweeping’ set of sanctions on China

Dr. Sebastian Gorka talks US response to North Korea

A military attack would need to be severe to stop North Korea: Rep. Rooney

US vows to use “military force” against North Korea if needed

Heavy move: US threatens China for trading with North Korea after missile test

THE DEBATE – North Korea Missile Threat: Old problems, new solutions?

U.S. and S. Korea respond to N. Korea’s ICBM test with missiles

North Korea tests ICBM

North Korea launches first successful intercontinental ballistic missile test

  • he current population of China is 1,388,284,755 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • China population is equivalent to 18.47% of the total world population.
  • China ranks number 1 in the list of countries (and dependencies) by population.
  • The population density in China is 148 per Km2 (383 people per mi2).
  • The total land area is 9,390,784 Km2 (3,625,800 sq. miles)
  • 59.1 % of the population is urban (819,767,019 people in 2017)
  • The median age in China is 37.3 years.

http://www.worldometers.info/world-population/china-population/

  • The current population of the Russian Federation is 143,374,281 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • Russia population is equivalent to 1.91% of the total world population.
  • Russia ranks number 9 in the list of countries (and dependencies) by population.
  • The population density in Russia is 9 per Km2 (23 people per mi2).
  • The total land area is 16,299,981 Km2 (6,293,455 sq. miles)
  • 73.2 % of the population is urban (104,883,814 people in 2017)
  • The median age in Russia is 38.9 years.

http://www.worldometers.info/world-population/russia-population/

 

  • The current population of North Korea is 25,406,349 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • North Korea population is equivalent to 0.34% of the total world population.
  • North Korea ranks number 52 in the list of countries (and dependencies) by population.
  • The population density in North Korea is 211 per Km2 (546 people per mi2).
  • The total land area is 120,387 Km2 (46,482 sq. miles)
  • 61.2 % of the population is urban (15,557,359 people in 2017)
  • The median age in North Korea is 34.1 years.

http://www.worldometers.info/world-population/north-korea-population/

  • The current population of the Republic of Korea is 50,706,772 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • South Korea population is equivalent to 0.67% of the total world population.
  • South Korea ranks number 27 in the list of countries (and dependencies) by population.
  • The population density in South Korea is 522 per Km2 (1,351 people per mi2).
  • The total land area is 97,235 Km2 (37,543 sq. miles)
  • 81.9 % of the population is urban (41,511,797 people in 2017)
  • The median age in South Korea is 41.1 years.

http://www.worldometers.info/world-population/south-korea-population/

  • The current population of Japan is 126,041,849 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • Japan population is equivalent to 1.68% of the total world population.
  • Japan ranks number 11 in the list of countries (and dependencies) by population.
  • The population density in Japan is 346 per Km2 (896 people per mi2).
  • The total land area is 364,571 Km2 (140,761 sq. miles)
  • 94.5 % of the population is urban (119,160,931 people in 2017)
  • The median age in Japan is 46.9 years.

http://www.worldometers.info/world-population/japan-population/

  • The current population of the United States of America is 326,491,238 as of Wednesday, July 5, 2017, based on the latest United Nations estimates.
  • The United States population is equivalent to 4.34% of the total world population.
  • The U.S.A. ranks number 3 in the list of countries (and dependencies) by population.
  • The population density in the United States is 36 per Km2 (92 people per mi2).
  • The total land area is 9,155,898 Km2 (3,535,111 sq. miles)
  • 82.9 % of the population is urban (270,683,202 people in 2017)
  • The median age in the United States is 38.1 years.

http://www.worldometers.info/world-population/us-population/

 

Countries in the world by population (2017)

This list includes both countries and dependent territories. Data based on the latest United Nations Population Division estimates.
Click on the name of the country or dependency for current estimates (live population clock), historical data, and projected figures.
See also: World Population 

http://www.worldometers.info/world-population/population-by-country/

 

The world’s 10 biggest economies in 2017

Kayakers take in the last of the day's light as they paddle past a ship anchored off Cape Town, May 1, 2011. REUTERS/Mike Hutchings (SOUTH AFRICA - Tags: IMAGES OF THE DAY SOCIETY) - RTR2LVIK

The US dominates, but other economies are catching up
Image: REUTERS/Mike Hutchings

The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures.

Image: World Bank

China follows, with $11 trillion, or 14.8% of the world economy. Japan is in third place with an economy of $4.4 trillion, which represents almost 6% of the world economy.

European countries take the next three places on the list: Germany in fourth position, with a $3.3 trillion economy; the United Kingdom in fifth with $2.9 trillion; and France in sixth with $2.4 trillion.

India is in seventh place with $2 trillion, and Italy in eighth with an economy of over $1.8 trillion.

Ninth place goes to Brazil, with an almost $1.8 trillion economy.

And in 10th is Canada, with an economy of over $1.5 trillion.

The economy of the United States is larger than the combined economies of numbers three to 10 on the list.

 The world's biggest economies

Fastest-growing economy

The US may not dominate for much longer, however.

Although China trails the US by $7 trillion, it’s catching up. China’s economy grew by 6.7% in 2016, compared with America’s 1.6%, according to the IMF.

China has also overtaken India as the fastest-growing large economy. The IMF’s World Economic Outlook estimated China’s economy grew at 6.7% in 2016, compared with India’s 6.6%.

Brazil’s economy has contracted in the last year by 3.5%, the only one in the top 10 to do so.

The chart above shows the world’s 40 biggest economies individually, but grouped by colour into continents.

The Asian bloc clearly has a larger share than anywhere else, representing just over a third (33.84%) of global GDP. That’s compared to North America, which represents just over a quarter, at 27.95%.

Europe comes third with just over one-fifth of global GDP (21.37%).

Together, these three blocs generate more than four-fifths (83.16%) of the world’s total output.

The biggest economies in 2050

new study by PricewaterhouseCooper says that China will be in first place by 2050, because emerging economies will continue to grow faster than advanced ones.

India will rank second, the US will be third, and fourth place is expected to go to Indonesia.

The UK could be down to 10th place by 2050, while France could be out of the top 10 and Italy out of the top 20 as they are overtaken by faster-growing emerging economies such as Mexico, Turkey and Vietnam.

The report also says that the world economy could more than double in size by 2050, far outstripping population growth, due to technology-driven productivity.

 

 

 

Image result for u.s. trade imbalance with china

Image result for u.s. trade imbalance with china

Image result for u.s. trade imbalance with china

 

Demographics

North Korea South Korea
Population 24,851,627 (July 2014 est.) 49,039,986 (July 2014 est.)
Age structure 0-14 years: 21.5% (male 2,709,580/female 2,628,456)
15-24 years: 16.3% (male 2,041,861/female 1,997,413)
25-54 years: 44% (male 5,465,889/female 5,456,850)
55-64 years: 8.6% (male 1,007,667/female 1,127,455)
65 years and over: 9.7% (male 826,175/female 1,590,281) (2014 est.)
0-14 years: 14.1% (male 3,603,943/female 3,328,634)
15-24 years: 13.5% (male 3,515,271/female 3,113,257)
25-54 years: 47.3% (male 11,814,872/female 11,360,962)
55-64 years: 12.4% (male 3,012,051/female 3,081,480)
65 years and over: 12.7% (male 2,570,433/female 3,639,083) (2014 est.)
Median age total: 33.4 years
male: 31.8 years
female: 35 years (2014 est.)
total: 40.2 years
male: 38.7 years
female: 41.6 years (2014 est.)
Population growth rate 0.53% (2014 est.) 0.16% (2014 est.)
Birth rate 14.51 births/1,000 population (2014 est.) 8.26 births/1,000 population (2014 est.)
Death rate 9.18 deaths/1,000 population (2014 est.) 6.63 deaths/1,000 population (2014 est.)
Net migration rate -0.04 migrant(s)/1,000 population (2014 est.) 0 migrant(s)/1,000 population (2014 est.)
Sex ratio at birth: 1.05 male(s)/female
0-14 years: 1.03 male(s)/female
15-24 years: 1.02 male(s)/female
25-54 years: 1 male(s)/female
55-64 years: 0.94 male(s)/female
65 years and over: 0.51 male(s)/female
total population: 0.94 male(s)/female (2014 est.)
at birth: 1.07 male(s)/female
0-14 years: 1.08 male(s)/female
15-24 years: 1.13 male(s)/female
25-54 years: 1.04 male(s)/female
55-64 years: 1 male(s)/female
65 years and over: 0.69 male(s)/female
total population: 1 male(s)/female (2014 est.)
Infant mortality rate total: 24.5 deaths/1,000 live births
male: 27.18 deaths/1,000 live births
female: 21.68 deaths/1,000 live births (2014 est.)
total: 3.93 deaths/1,000 live births
male: 4.13 deaths/1,000 live births
female: 3.73 deaths/1,000 live births (2014 est.)
Life expectancy at birth total population: 69.81 years
male: 65.96 years
female: 73.86 years (2014 est.)
total population: 79.8 years
male: 76.67 years
female: 83.13 years (2014 est.)
Total fertility rate 1.98 children born/woman (2014 est.) 1.25 children born/woman (2014 est.)
HIV/AIDS – adult prevalence rate NA less than 0.1% (2009 est.)
Nationality noun: Korean(s)
adjective: Korean
noun: Korean(s)
adjective: Korean
Ethnic groups racially homogeneous; there is a small Chinese community and a few ethnic Japanese homogeneous (except for about 20,000 Chinese)
HIV/AIDS – people living with HIV/AIDS NA 9,500 (2009 est.)
Religions traditionally Buddhist and Confucianist, some Christian and syncretic Chondogyo (Religion of the Heavenly Way)
note: autonomous religious activities now almost nonexistent; government-sponsored religious groups exist to provide illusion of religious freedom
Christian 31.6% (Protestant 24%, Roman Catholic 7.6%), Buddhist 24.2%, other or unknown 0.9%, none 43.3% (2010 survey)
HIV/AIDS – deaths NA fewer than 500 (2009 est.)
Languages Korean Korean, English (widely taught in junior high and high school)
Literacy definition: age 15 and over can read and write
total population: 100%
male: 100%
female: 100% (2008 est.)
definition: age 15 and over can read and write
total population: 97.9%
male: 99.2%
female: 96.6% (2002)
Education expenditures NA 5% of GDP (2009)
Urbanization urban population: 60.3% of total population (2011)
rate of urbanization: 0.63% annual rate of change (2010-15 est.)
urban population: 83.2% of total population (2011)
rate of urbanization: 0.71% annual rate of change (2010-15 est.)
Drinking water source improved:
urban: 98.9% of population
rural: 96.9% of population
total: 98.1% of population
unimproved:
urban: 1.1% of population
rural: 3.1% of population
total: 1.9% of population (2012 est.)
improved:
urban: 99.7% of population
rural: 87.9% of population
total: 97.8% of population
unimproved:
urban: 0.3% of population
rural: 12.1% of population
total: 2.2% of population (2012 est.)
Sanitation facility access improved:
urban: 87.9% of population
rural: 72.5% of population
total: 81.8% of population
unimproved:
urban: 12.1% of population
rural: 27.5% of population
total: 18.2% of population (2012 est.)
improved:
urban: 100% of population
rural: 100% of population
total: 100% of population0% of population
0% of population
0% of population (2012 est.)
Major cities – population PYONGYANG (capital) 2.843 million (2011) SEOUL (capital) 9.736 million; Busan (Pusan) 3.372 million; Incheon (Inch’on) 2.622 million; Daegu (Taegu) 2.447 million; Daejon (Taejon) 1.538 million; Gwangju (Kwangju) 1.503 million (2011)
Maternal mortality rate 81 deaths/100,000 live births (2010) 16 deaths/100,000 live births (2010)
Physicians density 3.29 physicians/1,000 population (2003) 2.02 physicians/1,000 population (2010)
Hospital bed density 13.2 beds/1,000 population (2002) 10.3 beds/1,000 population (2009)
Obesity – adult prevalence rate 3.9% (2008) 7.7% (2008)
Contraceptive prevalence rate 68.6% (2002) 80%
note: percent of women aged 15-44 (2009)
Dependency ratios total dependency ratio: 44.9 %
youth dependency ratio: 31.1 %
elderly dependency ratio: 13.8 %
potential support ratio: 7.2 (2014 est.)
total dependency ratio: 37.1 %
youth dependency ratio: 19.9 %
elderly dependency ratio: 17.2 %
potential support ratio: 5.8 (2014 est.)

Source: CIA Factbook

http://www.indexmundi.com/factbook/compare/north-korea.south-korea/demographics

 

 

Story 2: Microsoft’s Founder Bill Gates Finally Gets A Clue — Open Borders Mass Migration Is Not In The Interest of Neither The American People Nor The People of Europe — Bad Ideas Have Negative Consequences — What Is Bill Gates Afraid of? — Videos

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Bill Gates in HUGE borders U-turn: ‘Brussels must make it HARDER for migrants to reach EU’

BILL GATES has made a massive open-borders U-turn and urged Brussels to make it more “difficult” for migrants to reach Europe.

By JOEY MILLAR

He had previously called on countries to take in more migrants but now appears to have completely reversed his view.The Microsoft chief said instead of opening the  borders, Brussels should fix the push-factors at the source by sending more foreign aid.He said: “On the one hand you want to demonstrate generosity and take in refugees, but the more generous you are, the more word gets around about this – which in turn motivates more people to leave Africa.
“[ cannot] take in the huge, massive number of people who are wanting to make their way to Europe.”He said instead the EU must make it “more difficult for Africans to reach the continent via the current transit routes” while also relieving “enormous pressure” by sending foreign aid.
The 61-year-old said it was “phenomenal” German Chancellor  is currently spending 0.7 per cent of the country’s GDP on foreign aid and urged others to follow its example.Last year Mr Gates, who is worth an estimated 60 billion pounds, called on America to open its doors to Syrian migrants.
And he said Germany and Sweden were “to be congratulated” for opening its doors during the migrant crisis.He said the USA “had the capacity” to follow suit, claiming: “The total number of refugees is not a world record.”

Bill Gates migrantsGETTY

Bill Gates called on Europe to open its borders to migrants last year

Bill Gates migrantsGETTY

Last year Bill Gates praised Germany and Sweden’s approach to the migrant crisis

Mr Gates’ warnings came days after Italian interior minister Marco Minniti held emergency talks with his French and German counterparts regarding the migrant crisis.More than 80,000 migrants have already arrived in Italy this year, a rise of nearly one-fifth on the same period last year.

 

 

Bill Gates warns that Germany’s open door policy to migrants will overwhelm Europe and urges leaders to ‘make it more difficult for Africans to reach the continent via current routes’

  • Bill Gates warned of ‘huge’ number of migrants waiting to come to Europe 
  • He said generosity of European leaders will only encourage more to come 
  • 61-year-old said Europe must make it more difficult for people to cross border
  • Instead he suggested spending more money on foreign aid to treat the problem

Bill Gates has warned that European leaders risk deepening the migrant crisis by being too generous to those arriving on the continent.

The Microsoft founder said countries such as Germany will not be able to handle the ‘huge’ numbers of migrants waiting to leave Africa and find a better life overseas.

Instead, the 61-year-old suggested spending more on foreign aid to treat the root causes of migration, while making it more difficult for people to reach the continent.

Bill Gates warned European leaders they will worsen the migrant crisis by being over-generous to those arriving on the continent, and suggested spending more on foreign aid instead

Bill Gates warned European leaders they will worsen the migrant crisis by being over-generous to those arriving on the continent, and suggested spending more on foreign aid instead

Mr Gates said countries such as Germany cannot handle the 'huge' numbers of people wanting to travel to Europe (pictured, migrants arrive in Munich)

Mr Gates said countries such as Germany cannot handle the ‘huge’ numbers of people wanting to travel to Europe (pictured, migrants arrive in Munich)

Speaking in an interview with the German Welt am Sonntag newspaper, with a translation published by Breitbart, he said: ‘On the one hand you want to demonstrate generosity and take in refugees.

‘But the more generous you are, the more word gets around about this — which in turn motivates more people to leave Africa.

‘Germany cannot possibly take in the huge number of people who are wanting to make their way to Europe.’

Mr Gates praised Chancellor Merkel’s commitment to spending 0.7 per cent of GDP on foreign aid as ‘phenomenal’, and asked other European leaders to follow suit.

But he added: ‘Europe must make it more difficult for Africans to reach the continent via the current transit routes.’

His own foundation has spent years and invested hundreds of millions of dollars to fight poverty and disease in Africa.

Mail Online contacted the foundation for comment, but had not received a response at the time of publication.

Mrs Merkel has been heavily criticised for her previous policy of open-door migration which saw 1million people arrive in Germany in a single year.

Chancellor Angela Merkel has been criticised for her previous policy of open-door migration. Italian interior minister Marco Minniti raised the prospect of closing ports to private ships helping migrants ashore earlier this week

It is thought that 82,000 migrants, largely from North Africa, have arrived in Italy since the start of the year, with 2,000 drowning in their efforts to cross

It is thought that 82,000 migrants, largely from North Africa, have arrived in Italy since the start of the year, with 2,000 drowning in their efforts to cross

Video playing bottom right…

At the time conservative European politicians warned that providing migrants with an open door into Europe would make the problem worse.

Mr Gates’ comments came as Italian interior minister Marco Minniti held emergency talks with his French and German counterparts over the migrant crisis.

Mr Minniti has threatened to close Italian ports to privately-funded vessels helping to rescue migrants from ships in the Mediterranean.

He said that other European nations must agree to shoulder some of the burden, or Italy will cut funding to those refusing to help.

An estimated 82,000 migrants have arrived in Italy so far this year, up 19 per cent on previous year, The Telegraph reports.

A German government report which leaked to the Bild newspaper suggests there could be up to 6.6million people trying to get into Europe, including 2.5million waiting to cross from North Africa.

It is thought that 2,000 people have lost their lives making the crossing since the start of the year.

Mr Gates’ comments also came after the G20 Africa Conference which took place in Berlin last month.

The summit aimed to discuss ways to improve economic growth, develop infrastructure, and strengthen private investment across the continent.

Austrian troops lock down border

Austria is sending 750 soldiers to its border with Italy in order to head off and expected influx of migrants.

The troops will join four armoured personnel carriers already stationed at the Alpine Brenner Pass to impose checks on those trying to cross.

The move comes after 82,000 migrants landed on Italian shores in the first six months of this year, and the country’s government demanded that other EU nations share the burden.

Austria is sending 750 troops to its southern border with Italy in order to head off an expected influx of migrants (pictured, riot police face off against protesters over the last time border checks were imposed)

Austria is sending 750 troops to its southern border with Italy in order to head off an expected influx of migrants (pictured, riot police face off against protesters over the last time border checks were imposed)

‘I expect border controls will be introduced very soon,’ Defence Minister Peter Doskozil said on Tuesday.

Both Italy and Austria are members of the European Union’s Schengen open-border zone, but free movement has been jeopardised by the reimposition of controls at many crossings across the bloc since the surge in migrants seen in 2015 and 2016.

There was no immediate comment from Italy or EU officials, but Doskozil’s spokesman said there was no concrete timetable for the new controls.

The spokesman added: ‘We’ll see how the situation in Italy is becoming more acute and we have to be prepared to avoid a situation comparable to summer 2015.’

Armoured vehicles were used by Austrian authorities during the migrant influx of 2015 to block roads and stem the flow, and would be used in a similar way this time around, authorities said.

Meanwhile the 750 troops would be able to descend on the region within 72 hours should the need arise.

The troops will join four armoured vehicles in the areas around Brenner Pass (pictured) and would be used to block roads and impose checks on arrivals

The troops will join four armoured vehicles in the areas around Brenner Pass (pictured) and would be used to block roads and impose checks on arrivals

http://www.dailymail.co.uk/news/article-4665198/Bill-Gates-warns-open-door-migration-overwhelm-Europe.html#ixzz4lzmvTBwo

 

Bill Gates: Europe Will Be Overwhelmed Unless It Stems Flow of Migrants

Microsoft founder Bill Gates has warned that Africa’s population explosion will overwhelm Europe unless the continent makes it more difficult for migrants to reach its shores.

The American billionaire’s comments come as European leaders discuss what to do about the surging number of Africans arriving in Italy each week, with Rome calling for other European Union (EU) nations to open their ports to docking migrants so as to ease pressure on the Mediterranean nation.

In an interview with the German Welt am Sonntag newspaper, Gates said massive population growth in Africa will result in “enormous [migratory] pressure” on Europe unless countries increase overseas development aid payments.

Praising Germany having achieved its commitment to devote 0.7 per cent of GDP to foreign aid as “phenomenal”, the 61-year-old called on “other European nations to follow its example”.

But Gates also spoke of a dilemma caused by ‘the German attitude to refugees’, referring to Chancellor Angela Merkel’s decision to open Europe’s borders to illegal migrants arriving from the third world.

“On the one hand you want to demonstrate generosity and take in refugees, but the more generous you are, the more word gets around about this  — which in turn motivates more people to leave Africa,” Gates told the Sunday newspaper.

“Germany cannot possibly take in the huge, massive number of people who are wanting to make their way to Europe.”

Because of this, Gates stressed that “Europe must make it more difficult for Africans to reach the continent via the current transit routes”.

Italy is demanding that other EU nations open their ports to migrants ferried from Libya as the country struggles to cope with having already received over 80,000 people this year.

Calling for African newcomers to be spread throughout Europe, the Mediterranean nation’s globalist centre-left government insisted that the EU migrant relocation programme  — which is largely limited to people from Eritrea and Syria  — should be expanded to include other nationalities, such as Nigerians.

UN High Commissioner for Refugees, Filippo Grandi, on Saturday decried an “unfolding tragedy” in Italy.

“Without a swift collective action, we can only expect more tragedies at sea,” he declared, noting that around 2,000 migrants have lost their lives on the sea route from Libya to Italy this year.

The Italian diplomat repeated calls for an “urgent distribution system” for incoming migrants and asylum seekers, and “additional legal pathways to admission”.

 

05 July 2017 – 05H40

Bye-bye locals: Europe’s city centres sound alarm

 © AFP / by Daniel Bosque and Michaela Cancela-Kieffer | Barcelona’s picturesque Gothic Quarter has gone from residential district to tourist magnet, as deserted buildings full of history make way for quaint hotels

BARCELONA (AFP) – Memories of the past come flooding back as Manuel Mourelo strolls through Barcelona’s picturesque Gothic Quarter: children playing, fun with the neighbours, traditional bars… But now, “all of that has disappeared.”

Hordes of tourists fill the narrow, winding alleys on guided tours, bike and Segway rides, while residents have deserted buildings full of history to make way for quaint hotels and tourist rentals — an issue that affects popular spots Europe-wide.

Last year, Mourelo himself joined the exodus out of a district he had lived in since 1962 when he came to the Spanish seaside city from Galicia in the northwest.

The flat he had been renting for 25 years was sold to an investor and he was evicted. Having paid 500 euros ($560) a month in rent, he was unable to find anything else affordable in the area.

“They were asking for 1,000, 1,200, 1,500 euros,” says the 76-year-old, his face framed by thick glasses and a bushy moustache.

“This was my village. I had it all here, my friends, my shops, I got married here, my children were born here, and I thought I would die here.

“I feel displaced,” he adds, his eyes welling up.

– ‘Emptying out’ –

According to the city hall, the fixed population in the Gothic district so loved by tourists has dropped from 27,470 residents in 2006 to just 15,624 at the end of 2015.

Now, 63 percent are “floating” residents — tourists or people in short-term lets.

At the same time, according to real-estate website Idealista, rental prices in Ciutat Vella, where the Gothic Quarter is located, have gone from 14.4 to 19 euros per square metre in just two years.

Rising rental prices, noise and crowds jostling for space in the streets and the disappearance of traditional, everyday stores have all contributed to forcing people out for economic reasons… or due to sheer frustration.

The arrival of Airbnb and other such home-renting platforms has only aggravated the problem, locals say.

“We’re not talking about gentrification, about substituting the original population by another more wealthy one,” says Gala Pin, a councillor in Ciutat Vella.

“We’re talking about the historic centre emptying out.”

For sociologist Daniel Sorando, co-author of “First We Take Manhattan,” an essay that analyses the phenomenon in various cities, the trend is towards “urban centres conceived as machines to make money while the working classes are displaced outside.”

– Paris, Amsterdam, London –

The problem also affects cities further afield.

In Paris, concerned residents of the 4th district, where Notre-Dame Cathedral is located, organised a symposium on the “invisible desertification” of city centres in March.

The city hall in the French capital said earlier this year that it had lost 20,000 housing units in five years, partly to tourist rentals.

This contributes to a “rise in prices” and a “drop in the population,” Ian Brossat, in charge of housing for Paris’ city hall, told AFP.

In Amsterdam, meanwhile, the ING bank found that owners could earn 350 euros more per month with seasonal rentals, pushing the prices up, Senne Janssen, author of the study, told AFP.

To try and remedy the situation, Paris, London and Amsterdam want to regulate the duration of rentals and register all flats and houses being used for short-term lets in order to better control them.

In Berlin, people are only allowed to rent out one room in their home since last year, and the whole flat or house if it is a secondary or occasional use pied-a-terre.

– ‘Too few to impact’ –

Barcelona, whose mayor Ada Colau is a former anti-eviction housing activist, has chosen to be even more strict.

The city hall last year imposed a 600,000-euro fine on home rental platforms Airbnb and HomeAway for marketing lodgings that lacked permits to host tourists.

But Airbnb Spain says housing problems existed before.

In Ciutat Vella, for instance, “there is three times more empty accommodation (that is not being rented out) than accommodation ads on Airbnb,” says Spain spokesman Andreu Castellano.

And research in cities like Berlin, Los Angeles, London and Barcelona into occupancy shows that “the amount of accommodation put online for purely professional use (rented out more than 120 days a year) is too low to have an impact,” Airbnb adds.

– ‘Tourism fast food’ –

Hard data on the impact of seasonal rentals on accommodation prices are few and far between, but all experts questioned by AFP said these could worsen the situation in already saturated areas.

Barcelona has been particularly hard hit by a rise in prices as investors are attracted by the profitability of a city that sees some 30 million visitors annually.

Sergi Leiva, of real-estate firm MK Premium, says half of his clients are foreigners, who are looking for a second home or a good investment.

And for those who hold on tight despite the prices, life is far from peaceful with the crowds, noise and lack of convenience stores.

“If the prices don’t throw you out, daily pressure does,” says Marti Cuso, a 27-year-old local activist in Barcelona.

Raised in the district, he is the only one among his friends to still live there.

For Socorro Perez, an expert in human geography, the outcome is “cities without residents, dead districts.”

“Cities transform into ‘clusters’ of entertainment and consumption, into tourism fast food.”

by Daniel Bosque and Michaela Cancela-Kieffer

 

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The Pronk Pops Show 922, July 3, 2017, Story 1: The Meaning of Independence Day — Videos — Part 2 — Story 2: Majority of American People Want and Deserve A Big, Bold, Bipartisan Tax Reform Cut — The Time Is Now For The Fair Tax Less Version of The FairTax — Trump Should Embrace Real Tax Reform By Becoming Champion of Fair Tax Less If He Wants A Booming Economy Growing At 5% Plus — No Guts — No Glory — Just Do It By Labor Day September 4, 2017 — Make America Great Again — What Good is Dreaming It If You Don’t Actually Do It! — Videos

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IN CONGRESS, JULY 4, 1776
The unanimous Declaration of the thirteen united States of America

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

He has affected to render the Military independent of and superior to the Civil Power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefit of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences:

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies

For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments:

For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

New Hampshire:
Josiah Bartlett, William Whipple, Matthew Thornton

Massachusetts:
John Hancock, Samuel Adams, John Adams, Robert Treat Paine,Elbridge Gerry

Rhode Island:
Stephen Hopkins, William Ellery

Connecticut:
Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott

New York:
William Floyd, Philip Livingston, Francis Lewis, Lewis Morris

New Jersey:
Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark

Pennsylvania:
Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton,George Clymer, James Smith, George Taylor, James Wilson,George Ross

Delaware:
Caesar Rodney, George Read, Thomas McKean

Maryland:
Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton

Virginia:
George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton

North Carolina:
William Hooper, Joseph Hewes, John Penn

South Carolina:
Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr.,Arthur Middleton

Georgia:
Button Gwinnett, Lyman Hall, George Walton

Steve Bannon is right: Donald Trump should raise taxes on the rich

White House chief strategist Steve Bannon has a big idea that, according to Axios, he’s been pushing aggressively within the Trump administration: raising the top income tax rate. He’s reportedly telling his colleagues that the top bracket should “have a 4 in front of it.” (The current top bracket is 39.6 percent, or 43.4 after you include Medicare taxes.)

This would be a big shift for the administration. Its latest tax plan would cut the top rate on non-investment income to 35 percent, or 37.9 percent including Medicare taxes. Earlier plans featured top rates of 33 percent and 25 percent, and would lower the rate for “pass-through” income that owners of certain businesses get from 39.6 percent to a mere 15 percent, inducing a huge amount of tax evasion and cutting average rates for the rich still further.

And while Bannon has always affected a rivalry with wealthy elites, which this latest proposal fits into well, it’s doubtful that the more traditional supply-side conservatives on Trump’s economic team, namely Treasury Secretary Steve Mnuchin and National Economic Council Chair Gary Cohn, will get on board.

But they should. Trump and his team have a tremendous number of goals for tax reform. They want a dramatically lower corporate tax rate (Axios reports that Mnuchin and Cohn “aren’t bluffing when they say they want to slash the corporate tax rate to 15% from the current 35%”) and to let companies deduct all their investments immediately, instead of over time. They want a much bigger standard deduction on the individual side, and some kind of subsidy for child care.

Those are expensive changes, which require substantial pay-fors. One of the biggest that Republicans have proposed is the hugely controversial border adjustment measure, which Walmart, the Koch brothers, and other influential business lobbies are loudly opposing. Another is ending the deductibility of interest for debt, a very worthwhile proposal that is sure to enrage banks that take out massive amounts of debt; Goldman Sachs veteran Mnuchin has said he opposes this shift. On the individual side, eliminating the state and local tax deduction, as the Trump team has proposed, would raise money and reduce a big giveaway to rich people in blue states, but then again, the category “rich people in blue states” includes a lot of GOP donors as well as Trump himself.

And even if all of those controversial changes made it through, they might not be enough to pay for all the cuts that Republicans want.

Giving up on individual income tax rate cuts, and embracing higher rates for top earners, would free up a lot more money for corporate tax cuts. The Congressional Budget Office estimates that raising the brackets for people making more than $400,000 or so by 1 point each would raise about $93 billion over 10 years. For a new top rate of, say, 47 percent, that could mean as much as $650 billion over 10 years, and even more if you’re willing to hit 50 percent or raise taxes on people making under $400,000. Another option would be to do what Hillary Clinton proposed in the campaign and add a 5 percent surcharge to income above a certain threshold, without any deductions allowed; that would further reduce opportunities for tax evasion.

An even more ambitious plan, proposed by economists Alan Viard and Eric Toder and embraced by Sen. Mike Lee (R-UT), would overhaul the way the US taxes investment income. Today profits are taxed through the corporate tax code, and then again when they’re distributed to investors through dividends, or when those investors sell shares for a capital gain. Viard and Toder propose lowering the corporate rate to 15 percent and then taxing investments every year at normal income tax rates, whether or not they’re sold. That would end preferential treatment for investment income in the individual code, and let the individual tax raise quite a bit more money. It would enable a 45 or 47 percent top bracket to raise even more revenue to offset the cost of full expensing and a bigger standard deduction.

Ultimately, the Trump administration has to make a decision about what its goal in tax reform is. If the goal is to cut corporate taxes and encourage investment by companies, then Bannon is right: Top income rates should go up to pay for that. If the goal is to just funnel money to rich people, then they shouldn’t. But the former is a more defensible goal, and a top income rate of 45 or 47 percent would help get us there.

https://www.vox.com/policy-and-politics/2017/7/3/15914750/steve-bannon-trump-tax-rich

 

Part 2 –Story 2: Majority of American People Want and Deserve A Big, Bold, Bipartisan Tax Reform Cut — The Time Is Now For The Fair Tax Less Version of The FairTax — Trump Should Embrace Real Tax Reform By Becoming Champion of Fair Tax Less If He Wants A Booming Economy Growing At 5% Plus — No Guts — No Glory — Just Do It By Labor Day September 4, 2017 — Make America Great Again — What Good is Dreaming It If You Don’t Actually Do It! — Videos

Image result for cartoons trump tax plan

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Image result for cartoons trump tax plan

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Image result for border adjustment tax a bad idea

Corporations paying fewer taxes

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Image result for payroll taxes in 2016 social security and medicare disability

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Wealthy pay more in taxes than poor

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Trump vs. OECD on tax reform

Watters visits Trump’s alma mater to talk tax reform

Rep. Meadows: Tax reform, health care and infrastructure get done by September

Speaker Ryan Guarantees That Congress Will Get Tax Reform Done In 2017

Speaker Paul Ryan Full Speech on Tax Reform 6-20-17

Ron Paul on Paul Ryan’s tax reform plan

How Trump’s tax reform plan will impact the economy

Donald Trump: Simplify the Tax Code

Donald Trump: I pay as little as possible in taxes

Grover Norquist on Speaker Ryan’s tax reform timeline

Grover Norquist: Expect dramatic tax cuts from Trump

The Pledge: Grover Norquist’s hold on the GOP

FairTax: Fire Up Our Economic Engine (Official HD)

Pence on the Fair Tax

Freedom from the IRS! – FairTax Explained in Details

Millionaire confidence plunges on Trump’s tax reform delays

What’s Up With Trump’s Tax Reform? Myths vs. Facts

The FairTax: It’s Time

Dan Mitchell explains the fair tax

Six Reasons Why the Capital Gains Tax Should Be Abolished

Is America’s Tax System Fair?

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

Milton Friedman – Why Tax Reform Is Impossible

Milton Friedman – Is tax reform possible?

What’s Killing the American Dream?

Robert Wolf: Border adjustment not going to happen

Is Donald Trump serious about tax reform?

Sean Spicer: Trump wants to get tax reform right

Will tax reform really happen by August?

Dan Mitchell Discussing GOP Tax Plan and Corporate Rate Reduction

What Tax Reform Could Look Like Under Donald Trump | Squawk Box | CNBC

#Eakinomics – 4 Key Questions on Dynamic Scoring

What is Dynamic Scoring?

Trump Pushes ‘Major Border Tax’ to Keep Jobs in U.S.

Ryan Unexpectedly Joins Forces With Bannon on Border Tax

Kudlow: Freedom Caucus & Trump’s base is opposed to Border Adjustment Tax

Sen. Perdue: Border Adjustment Tax would “shutdown economic growth”

Sen. Tom Cotton: “I have serious concerns” w/ Border Adjustment Tax

Americans Need a Progressive Consumption Tax

Sen. Strange: “I would not” vote for a Border Adjustment Tax

CNBC: Steve Forbes on Border Adjustment Tax – “Don’t Do It” 2.8.17

Meg Whitman: Border Adjustment Tax Will Not Create Jobs | CNBC

Art Laffer: Border tax is a major mistake

Border Tax Fight Is Economists Vs. Everybody Else | Squawk Box | CNBC

Dan Mitchell Discussing GOP Tax Plan and Corporate Rate Reduction

What is a Border Adjustment?

Border Tax: What You Need to Know

Will a border adjustment tax help American businesses?

Will a border adjustment tax kill free trade?

Border adjustment tax political suicide?

Fox Pol:l 73% Want Tax Reform This Year – Cavuto

Could the border tax debate stall tax reform?

Is A Border Adjustment Tax A Good Idea?

Border Adjustment Tax: Trump’s MAGA Ace

President Donald Trump Begins First Week By Meeting With Top Business Leaders | NBC News

Dan Mitchell Fretting about GOP Border-Adjustable Tax Plan

Paul Ryan on why he’s confident about tax reform

1/26/17 Border Adjustment Taxes, Tax Reform & Trade: Panel 1

1/26/17 Border Adjustment Taxes, Tax Reform and Trade: Panel 2 Part 2

Border Tax Adjustment and Corporate Tax Reforms: Panel 1

Border Tax Adjustment and Corporate Tax Reforms: Panel 2

Breaking Down The Republican Plan For A Border Tax | CNBC

McConnell Seeks Revenue-Neutral Tax Reform This Congress

Mnuchin: Three percent growth achievable with tax reform

Can Congress get tax reform done?

Rep. Reed: Tax reform will get done this year

Sen. Shelby Says Fundamental Tax Reform Good for Economy

Harvard Professor: Trump’s Border Tax ‘Misunderstood’

Making Sense Of The 20 Percent Tax Proposal | Morning Joe | MSNBC

Proposed Tax Package A Dramatic Cut Even With A Border Tax?

Treasury Secretary Steve Mnuchin On Tax Reform, Growth, Border Tax, China (Full) | Squawk Box | CNBC

Wilbur Ross On Border Tax: Something Will Be Found To Fill Trillion-Dollar Hole | Squawk Box | CNBC

Honda “Impossible Dream” Commercial

Honda Advert: Impossible Dream II 2010

Lyrics
To dream the impossible dream
To fight the unbeatable foe
To bear with unbearable sorrow
To run where the brave dare not go
To right the unrightable wrong
To love pure and chaste from afar
To try when your arms are too weary
To reach the unreachable star
This is my quest, to follow that star,
No matter how hopeless, no matter how far
To fight for the right without question or cause
To be willing to march into hell for a heavenly cause
And I know if I’ll only be true to this glorious quest
That my heart will lie peaceful and calm when I’m laid to my rest
And the world will be better for this
That one man scorned and covered with scars
Still strove with his last ounce of courage
To fight the unbeatable foe, to reach the unreachable star
Songwriters: Joe Darion / Mitchell Leigh
The Impossible Dream lyrics © Helena Music Company

 

Taxes May Be Certain, but Tax Reform Is Not

Taxes May Be Certain, but Tax Reform Is Not
by V. Lance Tarrance

Donald Trump is a man who throws down gauntlets, and he threw down several big ones during his campaign for president — confronting the status quos on immigration, onhealthcare and on taxes, to name a few. He is now pursuing bold policy changes on each. But it could be Trump’s action on taxes that matters most to whether the stock market continues to ride high, GDP growth returns to a healthy 3% and, therefore, whether his presidency is judged well in posterity.

News about taxes has been relatively slow thus far in Trump’s administration. Judicial blowback against his immigration policies and Congressional blowback on healthcare reform have received far more attention than the general tax-plan principles he announced in April. Still, achieving detailed tax reform may prove even more difficult than his other policy struggles once the wheels start turning.

Before making tax reform a year-end goal, Treasury Secretary Steven Mnuchin initially said he hoped to complete tax reform by August. Senate Majority Leader Mitch McConnell reacted by saying that tax reform is a “very complicated subject” and harder to do now than the last time Congress achieved it in 1986. And passing the 1986 tax reform legislation was no easy task — it required winning the support of a Democratic House and a Republican president, and took nearly two years of intense negotiations. Alluding more cynically to the significant political obstacles that often impede changing the tax code, former House Speaker John Boehner said the passing of a tax code overhaul is “just a bunch of happy talk.”

Now, however, current Speaker Paul Ryan is also pushing for tax reform by the end of 2017, making these obstacles appear a little less daunting than if the administration were going it alone.

Aside from whether tax experts and Washington politicians are willing to upend the tax code, it is important to note where the American people stand on the need for action on taxes. It must be remembered that taxpayers may dislike the current tax system but not be convinced that Congress and the Trump administration will make it any better — change could be worse. Without a strong push from the American people, Trump’s tax reform might not materialize.

During the 2016 presidential campaign, Gallup tested several of candidate Trump’s tax proposals.

  • He advocated eliminating most federal income tax deductions and loopholes for the very rich, and Gallup found 63% of American adults favoring this with just 17% opposed.
  • His proposal to simplify the federal tax code — reducing the current seven tax brackets to four — was also popular, with 47% agreeing and only 12% disagreeing.
  • Trump’s plan to eliminate the estate tax paid when someone dies garnered considerably more agreement than disagreement from Americans, 54% to 19%. Notably, this is an issue that Congress and the wider public have considered in the recent past, and public sentiment on the issue today is in line with past Gallup polls on this issue, such as when it asked about keeping the estate tax from increasing in 2010.

More recently, in March 2017, Americans viewed President Trump’s general plan to “significantly cut federal income taxes for the middle class” positively: 61% agreed with the plan (with no mention of Trump in the question), 26% disagreed and 13% had no opinion. Trump’s proposal to lower corporate tax rates, however, elicited a split decision, with 38% reacting positively, 43% negatively and the potentially decisive 19% “no opinion” group apparently needing more information.

These findings suggest Americans could respond favorably to many of the specific elements of Trump’s ultimate tax plan, provided they make it into whatever legislation Congress winds up debating. For example, in spite of closing tax loopholes that favor the rich, the plan is expected to end up cutting taxes on the wealthy, not raising them. But as long as the plan also cuts taxes on the middle class, that fact alone is unlikely to sink it with Americans. Bush’s across-the-board tax cuts in 2001, which more Americans at the time said were a “good thing” than a “bad thing,” are a perfect illustration of this.

Whether Americans feel a sense of urgency about enacting tax reform is another matter.

In April 2017, Gallup found that Americans’ concern about their own federal tax burden had actually cooled somewhat, as barely half (51%) felt their taxes were “too high,” down from 57% in 2016. By contrast, in June 1985, the year before the revolutionary Tax Reform Act of 1986 went into effect, 63% of Americans said their taxes were too high.

While public demand for lowering taxes may have waned, it is not gone. Public concern about taxes fell the most over the past year among Republicans — a familiar political pattern given the partisan shift in presidential power. With a Republican in the White House, the Republican rank and file are less likely to say anything negative about the government, including about taxes. Still, 62% of Republicans call their taxes too high, as do 52% of independents and 39% of Democrats.

The implication? While not as intense as Congressional leaders may have expected, public demand for tax reform is still there, especially among the Republicans who may matter most to GOP lawmakers.

Common Ground Exists on Tax Reform

As the U.S. Congress is about to start its summer recess, tax reform remains ill defined by the administration, and negotiations over sub-issues like the border adjustment tax have stalled any pivot to immediate tax legislation. More importantly, there seems to be no bipartisan support this time, while there was under Reagan in 1986. Granted, this may seem like less of an issue now, as Republicans today control both the legislative and executive branches of the federal government. But real tax reform always makes for winners and losers, and it is problematic for only one party to pass new reforms. One need only look at the electoral consequences that Democrats have repeatedly suffered since 2010, the year they passed major healthcare reform legislation on party-line votes, to understand the danger Republicans could face if they pursue tax reform alone.

To make tax reform possible from a bipartisan standpoint, Congress needs to make sure the bill can be branded a “middle-class winner.” As noted previously, Americans favor tax cuts for the middle class, and as the following table shows, Republicans and Democrats are also more likely to believe middle-income people are currently paying too much in taxes than to say they are paying their fair share or paying too little.

Both Party Groups Tend to Believe Middle-Income Americans Pay Too Much in Federal Taxes
Republican/Lean Republican Democrat/Lean Democratic
% %
Too much 51 49
Fair share 40 43
Too little 5 7
No opinion 4 1
GALLUP, APRIL 5-9, 2017

To ensure tax reform enjoys at least some bipartisan support, Democrats will need a win during negotiations, meaning taxes would likely need to be raised on the nation’s wealthier class of citizens. Republicans are split on the issue of the fairness of taxes paid by upper-income people, but Democrats are in solid agreement that they pay too little.

Parties Diverge on Perceptions of What Upper-Income Americans Pay in Federal Taxes
Republican/Lean Republican Democrat/Lean Democratic
% %
Too much 18 4
Fair share 38 13
Too little 40 82
No opinion 4 1
GALLUP, APRIL 5-9, 2017

Bottom Line

With the Trump administration wanting tax reform before the end of 2017, Ryan is now promising to put it on the front burner. However, even Republican leaders’ enthusiasm for tax reform may not be enough to overcome the triad of legislative challenges that exist: the slimness of the Republican majorities in the U.S. House and Senate, the lack of bipartisanship in Washington and the power of special interest groups in Washington, D.C., to protect their vested interests. This is why comprehensive tax reform is historically so rare.

One thing working in Republicans’ favor is that a majority of Americans support tax relief for the middle class, and members of both major parties tend to believe middle-class taxes are too high. If the bill can be positioned strongly as middle-class tax relief, its chances for success will be higher.

http://www.gallup.com/opinion/polling-matters/213239/taxes-may-certain-tax-reform-not.aspx

The Fair Tax — A Tax System that Americans Rightfully Deserve

  • 04/22/2016
  • FAIRtax 
  • by: Rep. John Ratcliffe (TX-4)
The Fair Tax — A Tax System that Americans Rightfully Deserve

At more than 73,000 pages, it’s no wonder our country’s tax code spells headache for millions of hardworking Americans across the country. This bloated document, riddled with complicated loopholes, is anything but navigable for working-class people who can’t afford to hire accountants, lawyers or tax professionals. Yet like clockwork every spring, Americans throw away countless time and treasure in an attempt to properly comply with the process of giving their hard-earned money to the federal government.

The rigors of compliance aside, our tax code penalizes economic growth and American competitiveness. By imposing some of the highest corporate tax rates in the industrialized world, American business are incentivized to entertain corporate inversions, and leave trillions of dollars of cash abroad where it can’t be invested in American growth. While the well-to-do and well-connected may be able to navigate this byzantine world, taxpayers across the country and throughout the 18 counties in Texas I represent are frustrated, and rightfully so. The American people deserve better.

Frustration with the IRS reached new levels in 2013 when revelations surfaced that the agency was targeting conservative groups. When Congress launched investigations, IRS Commissioner John Koskinen repeatedly obstructed justice by refusing to testify and failing to produce up to 24,000 emails relevant to the investigations. This is simply unacceptable.

To make matters worse, the IRS experienced a cyber-attack in 2015 that left more than 700,000 taxpayer accounts vulnerable. And according to a GAO report released just last month, the IRS has improved only marginally since that time in regard to its data security. Taxpayers should not be subject to the political whims of unelected bureaucrats who refuse to follow the law and falsify facts before Congress, all the while placing their personal financial data at risk.

As a staunch fiscal conservative, I’ve been vocal and outspoken about the need for a fairer, flatter tax code – one that doesn’t stifle growth or punish economic success. After all, Ronald Reagan famously said that the role of government should be to fostereconomic growth, not smother it. That’s why I’ve joined more than 70 of my colleagues in cosponsoring legislation that would eliminate all individual and corporate income taxes – the FairTax Act of 2015 (H.R. 25).

The FairTax Act, introduced by Rep. Rob Woodall (GA-7), eliminates all personal, corporate, gift and estate taxes and replaces them with a simple, point-of-sale consumption tax. Beyond this, it completely abolishes the IRS and all of the bureaucratic red tape and corporate cronyism that comes with it – and remains revenue neutral in the process.

The FairTax Act combats the corruption and inefficiency of the IRS, and instead promotes American growth and investment. I’m proud to be a cosponsor of this key piece of legislation, because it recognizes that more freedom and less government is the formula for economic success. It’s this model that’s allowed Texas to lead the nation in job growth since 2008, and it’s about time for Washington to get an overdue dose of these commonsense, Texas economic values. The FairTax Act will do just that, and I urge my colleagues to support it.

Congressman John Ratcliffe represents Texas’ 4th district, serving the outer eastern suburbs of the Dallas-Fort Worth Metroplexsince 2015.  He is a member of the Judiciary Committee as well as the House Homeland Security Committee, serving as Chairman of its Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee.  Prior to Congress, he served as Mayor of Heath, Texas.  In addition, during the George W. Bush Administration, he was appointed to multiple posts, including U.S. Attorney and Chief of Anti-Terrorism and National Security for the Eastern District of Texas.

Your Money, Your Decision

The current federal income tax system is clearly broken — unfair, overly complex, and almost impossible for most Americans to understand. But there is a reasonable, nonpartisan alternative before Congress that is both fair and easy to understand. A system that allows you to keep your whole paycheck and only pay taxes on what you spend.

The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current four-million-word-plus tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% compared to combining the 15% income tax bracket with the 7.65% of employee payroll taxes under the current system — both of which will be eliminated!

Important to note: the FairTax is the only tax plan currently being proposed that includes the removal of the payroll tax.

Keep Your Paycheck

For the first time in recent history, American workers will get to keep every dime they earn; including what would have been paid in federal income taxes and payroll taxes. You will get an instant raise in your pay!

Social Security & Medicare Funding

Benefits will not change. The FairTax actually puts these programs on a more solid funding foundation. Instead of being funded by taxes on workers’ wages, which is a small pool, they’ll be funded by taxes on overall consumption by all residents. Learn More .

Get a Tax Refund in Advance on Purchases of Basic Necessities

The FairTax provides a progressive program called a prebate. This gives every legal resident household an “advance refund” at the beginning of each month so that purchases made up to the poverty level are tax-free. The prebate prevents an unfair burden on low-income families. Learn more .

Pay Tax on Only What You Spend

Be in control of your financial destiny. You alone can control your tax burden. If you’re thrifty, you’ll pay lower taxes than somebody who is not. Most importantly, you’ll be taxed fairly. Learn moreabout what is taxed.

Everyone Pays Their Fair Share

Tax evasion and the underground economy cost each taxpayer an additional $2,500 every year! But by taxing new products and services consumed, the FairTax puts everyone in the country at the same level at the cash register. Further, only legal residents are eligible for the prebate. Learn more .

The IRS is No Longer Needed

No more complicated tax forms, individual audits, or intrusive federal bureaucracy. Retailers will collect the FairTax just as they do now with state sales taxes. All money will be collected and remitted to the U.S. Treasury, and both the retailers and states will be paid a fee for their collection service. Learn More

Summer looms with GOP stuck on health care, budget, taxes

The Capitol in Washington is quiet after lawmakers departed the for the Independence Day recess, Friday, June 30, 2017. The Republican leadership in the Senate decided this week to delay a vote on their…

WASHINGTON (AP) — Republicans are stuck on health care, can’t pass a budget, and hopes for a big, bipartisan infrastructure package are fizzling. Overhauling the tax code looks more and more like a distant dream.

The GOP-led Congress has yet to salt away a single major legislative accomplishment for President Donald Trump — and a summer of drift may lead to a logistical nightmare this fall.

Instead, Trump’s allies appear both divided and indecisive, unable to deliver on his agenda while letting other must-do congressional business — chiefly their core responsibilities of passing a budget and spending bills, and keeping the government solvent — slide onto an already daunting fall agenda that is looking more and more like it’ll be a train wreck.

Friday brought more bad news for Speaker Paul Ryan, R-Wis., and other House leaders as 20 GOP moderates signaled a revolt on the budget, penning a letter to Ryan announcing their opposition to an emerging plan to force cuts to government agencies and benefit programs such as food stamps. The letter, authored by Rep. Charlie Dent, R-Pa., warned that without an agreement with Democrats on increasing agency spending, moderates will be “reticent to support any budget.”

“It’s looking like they’re very disorganized. They got obviously a lot of conflict over spending preferences and it’s not just a two-way conflict,” said top House Budget Committee Democrat John Yarmuth of Kentucky. “It’s just a tough Rubik’s Cube they’re trying to solve.”

So it’s not just the Senate effort to repeal and replace Democrat Barack Obama’s health care law that’s foundering. The annual congressional budget measure — a prerequisite to this fall’s hoped-for tax effort — is languishing as well, as are the 12 annual spending bills that typically consume weeks of House floor time each summer.

But GOP leaders say all is going well. Ryan told a Wisconsin radio host on Thursday that “it’s the most productive Congress since the mid-’80s” and issued a news release Friday titled “Despite What You May Hear, We Are Getting Things Done.” The release cites a bipartisan Department of Veterans Affairs accountability measure and 14 bills repealing Obama-era regulations as Congress’ top achievements.

“It would be hard to fault the average American for thinking all that’s going on in Washington these days is high-drama hearings and partisan sniping,” Ryan said. “But amid the countdown clocks and cable news chatter, something important is happening: Congress is getting things done to help improve people’s lives.”

In the first year of a presidency, the annual August congressional recess is a traditional point to take stock. By that point, Obama had signed an economic recovery bill and President George W. Bush had won his landmark tax cuts, while President Bill Clinton was celebrating a hard-fought budget package.

Trump has no comparable successes to trumpet — but his allies in Congress say they’re not worried.

“We laid out an agenda in November and December, and we’re needing to get there,” said House Rules Committee Chairman Pete Sessions, R-Texas. “And we can effectively get there. The questions that confound us are those that we can answer ourselves. And we will.”

And as Republicans are stalled on health care, the budget and infrastructure, there are several other problems that need to be taken care of, including increasing the nation’s borrowing authority, preventing a government shutdown, and lifting budget “caps” that are hobbling efforts to beef up the military.

Unlike health care, the debt limit and a deal to fix the spending caps — a leftover from a failed 2011 budget deal — can only be resolved with Democratic help. However, they promise to consume political capital and valuable time and energy, and there’s no political pay-off, other than forestalling disaster.

First, Congress is off on vacation to return in July for a three-week session. Then comes the traditional monthlong August recess.

After Labor Day comes a four-week sprint to October and the deadline to avert a government shutdown with a temporary spending bill — and to forestall a disastrous default on U.S. obligations by lifting the debt limit, which is a politically toxic vote for many Republicans.

Sentiment is building among some lawmakers to shorten the recess to make progress on the unfinished work that is piling up. On Friday, 10 GOP senators, led by David Perdue of Georgia, sent Majority Leader Mitch McConnell, R-Ky., a letter citing delays on health care, the budget, a stopgap spending bill and the debt limit as reasons to consider canceling some or all of the recess.

“If we successfully navigate those priorities, we can finally get to our once in a generation opportunity on tax reform,” the letter said. “Growing the economy, repairing our infrastructure, and rebuilding our military are all dependent on accomplishing the tasks before us.”

http://wtop.com/government/2017/06/summer-looms-with-gop-stuck-on-health-care-budget-taxes/

APRIL 13, 2016

High-income Americans pay most income taxes, but enough to be ‘fair’?

Corporations paying fewer taxes

Tax-deadline season isn’t many people’s favorite time of the year, but most Americans are OK with the amount of tax they pay. It’s what other people pay, or don’t pay, that bothers them.

Just over half (54%) of Americans surveyed in fall by Pew Research Center said they pay about the right amount in taxes considering what they get from the federal government, versus 40% who said they pay more than their fair share. But in a separate 2015 surveyby the Center, some six-in-ten Americans said they were bothered a lot by the feeling that “some wealthy people” and “some corporations” don’t pay their fair share.

It’s true that corporations are funding a smaller share of overall government operations than they used to. In fiscal 2015, the federal government collected $343.8 billion from corporate income taxes, or 10.6% of its total revenue. Back in the 1950s, corporate income tax generated between a quarter and a third of federal revenues (though payroll taxes have grown considerably over that period).

Nor have corporate tax receipts kept pace with the overall growth of the U.S. economy. Inflation-adjusted gross domestic product has risen 153% since 1980, while inflation-adjusted corporate tax receipts were 115% higher in fiscal 2015 than in fiscal 1980, according to the Bureau of Economic Analysis. There have been a lot of ups and downs over that period, as corporate tax receipts tend to rise during expansions and drop off in recessions. In fiscal 2007, for instance, corporate taxes hit $370.2 billion (in current dollars), only to plunge to $138.2 billion in 2009 as businesses felt the impact of the Great Recession.

Corporations also employ battalions of tax lawyers to find ways to reduce their tax bills, from running income through subsidiaries in low-tax foreign countries to moving overseas entirely, in what’s known as a corporate inversion (a practice the Treasury Department has moved to discourage).

But in Tax Land, the line between corporations and people can be fuzzy. While most major corporations (“C corporations” in tax lingo) pay according to the corporate tax laws, many other kinds of businesses – sole proprietorships, partnerships and closely held “S corporations” – fall under the individual income tax code, because their profits and losses are passed through to individuals. And by design, wealthier Americans pay most of the nation’s total individual income taxes.

Wealthy pay more in taxes than poorIn 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data. Their average tax rate (total taxes paid divided by cumulative AGI) was 25.7%. By contrast, people with incomes of less than $50,000 accounted for 62.3% of all individual returns filed, but they paid just 5.7% of total taxes. Their average tax rate was 4.3%.

The relative tax burdens borne by different income groups changes over time, due both to economic conditions and the constantly shifting provisions of tax law. For example, using more comprehensive IRS data covering tax years 2000 through 2011, we found that people who made between $100,000 and $200,000 paid 23.8% of the total tax liability in 2011, up from 18.8% in 2000. Filers in the $50,000-to-$75,000 group, on the other hand, paid 12% of the total liability in 2000 but only 9.1% in 2011. (The tax liability figures include a few taxes, such as self-employment tax and the “nanny tax,” that people typically pay along with their income taxes.)

All told, individual income taxes accounted for a little less than half (47.4%) of government revenue, a share that’s been roughly constant since World War II. The federal government collected $1.54 trillion from individual income taxes in fiscal 2015, making it the national government’s single-biggest revenue source. (Other sources of federal revenue include corporate income taxes, the payroll taxes that fund Social Security and Medicare, excise taxes such as those on gasoline and cigarettes, estate taxes, customs duties and payments from the Federal Reserve.) Until the 1940s, when the income tax was expanded to help fund the war effort, generally only the very wealthy paid it.

Since the 1970s, the segment of federal revenues that has grown the most is the payroll tax – those line items on your pay stub that go to pay for Social Security and Medicare. For most people, in fact, payroll taxes take a bigger bite out of their paycheck than federal income tax. Why? The 6.2% Social Security withholding tax only applies to wages up to $118,500. For example, a worker earning $40,000 will pay $2,480 (6.2%) in Social Security tax, but an executive earning $400,000 will pay $7,347 (6.2% of $118,500), for an effective rate of just 1.8%. By contrast, the 1.45% Medicare tax has no upper limit, and in fact high earners pay an extra 0.9%.

All but the top-earning 20% of American families pay more in payroll taxes than in federal income taxes, according to a Treasury Department analysis.

Still, that analysis confirms that, after all federal taxes are factored in, the U.S. tax system as a whole is progressive. The top 0.1% of families pay the equivalent of 39.2% and the bottom 20% have negative tax rates (that is, they get more money back from the government in the form of refundable tax credits than they pay in taxes).

Of course, people can and will differ on whether any of this constitutes a “fair” tax system. Depending on their politics and personal situations, some would argue for a more steeply progressive structure, others for a flatter one. Finding the right balance can be challenging to the point of impossibility: As Jean-Baptiste Colbert, Louis XIV’s finance minister, is said to have remarked: “The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.”

Note: This is an update of an earlier post published March 24, 2015.

http://www.pewresearch.org/fact-tank/2016/04/13/high-income-americans-pay-most-income-taxes-but-enough-to-be-fair/

Summary of the Latest Federal Income Tax Data, 2016 Update

February 1, 2017

Vice President Mike Pence stays loyal to Trump, but it could come at a cost

Noah Bierman Contact Reporter

The Republicans’ signature healthcare bill was in peril in Congress and President Trump was busy warring against media foes on Twitter.

Vice President Mike Pence, wearing a brown suit and his usual earnest expression, was far from the fray last week, here at a warehouse outside Cleveland amid metal rods and wooden crates for a “listening session” with small-business owners. Sitting at a drafting table, he ignored the camera lights as well as the trouble in Washington, dutifully hearing out complaints about healthcare, taking notes on a legal pad and promising the Ohioans that the Trump-Pence administration was close to replacingObamacare.

This is how Mike Pence copes with the drama that defines life as Donald Trump’s sidekick: acting like everything is normal, boringly normal. 

It requires a measure of willful disbelief, some salesmanship and a heap of praise for the president. But that coping strategy does not mask the fundamental challenge of Pence’s role since he became Trump’s running mate nearly a year ago: balancing his own reputation and political ambition against his loyalty to a man seemingly determined to scorch nearly every norm in Washington, and now enmeshed in a special counsel investigation in large part due to his own erratic behavior.

The vice president has made his choice, hitching his career to Trump’s unpredictable presidency, but lately he also has made a few notable moves toward protecting himself, hiring a personal attorney and establishing an independent political committee.

“It’s kind of perilous — skiing through moguls,” said Brian Howey, an Indiana political blogger who has chronicled Pence’s career from U.S. House member to Indiana governor to vice president. “How many times can you do that before you’re ensnarled in the web of deception?”

Friends say there is nothing to game out in Pence’s allegiance to Trump. Pence believes in the president, they say, and agrees with supporters who believe the White House is under unfairly harsh scrutiny. 

“What would happen if suddenly we found Trump is setting fire to the Humane Society?” said Greg Garrison, a conservative former radio host in Indiana who has long known Pence, choosing an absurd example to make the point that Trump’s recklessness has been exaggerated. “Does that mean Mike is going to go along? No, he’s not. But I think Mike is where he is because he understands this president and where we are right now.”

Yet just five months in, some observers say Pence’s chosen course as the captain of Trump’s cheering section has diminished his own gravitas and dashed the hopes of mainstream Republicans who thought Pence could serve as a check on the impulsive Trump.

“Recent vice presidents have been supportive of the president without surrendering a sense of personal dignity, without saying stuff that just doesn’t pass the straight-face test,” said Joel K. Goldstein, a St. Louis University law professor who has written about the modern vice presidency and its enhanced power.

For a parallel, Goldstein reached not to a vice president but to a well-known aide to President Lyndon B. Johnson, Jack Valenti, who was mocked for his over-the-top praise of his boss. Valenti, Goldstein said, is the only public figure in the modern era that came close to Pence’s level of presidential puffery.

What is more, Goldstein added, any notion that Pence’s power would be enhanced by his governing experience relative to the inexperienced Trump has been undermined by the sense that Pence lacks the standing to “go in with Trump and level with him on things.”

While Pence is often in the room with Trump and speaks with him nearly every day, he does not always command the president’s attention. That dynamic was evident during the first Cabinet meeting last month. Trump swiveled his head around the room and asked, “Where is our vice president?”

Pence sat right in front of him.

When the president finally spied his top deputy, Pence knew just what to say.

“The greatest privilege of my life is to serve as the — as vice president to the president who’s keeping his word to the American people and assembling a team that’s bringing real change, real prosperity, real strength back to our nation,” Pence said.

Taking their cue from Pence, the Cabinet secretaries then took turns extolling the president in ways that were widely derided as obsequious.

But for Pence, such flattery has come to define his persona. Variations on the line that serving Trump is “the greatest privilege of my life” are part of his stump speech, used among audiences as varied as Cuban Americans in Miami, evangelicals in Washington, troops in Honolulu, Japan and South Korea, and, last week, the factory workers in Ohio.

The younger Pence, with his square features, silver hair and wholesome rhetorical style, suggests a measured 1950s television dad, and as such stands in contrast to a president who developed his celebrity in the 21st century world of social media and reality television. His political discipline also contrasts with Trump’s extemporaneous politics.

As governor of Indiana, Pence was seen as a potential presidential candidate by many Republicans, at least until his popularity waned significantly. Certainly he was seen before the 2016 campaign as a more serious possibility than Trump. Pence is, in many ways, the type of establishment-blessed figure Trump ran against when he pledged to wrest power from career politicians.

But Pence came to see himself as Trump did, less as a contrast to the maverick mogul than as a complement.

“You don’t win six congressional elections and a gubernatorial election and a national ticket without having a sense of politics and self-preservation,” said Rep. Tom Cole, an Oklahoma Republican who served with Pence in the House leadership.

For Pence the key to melding Trump’s interests with his own, Cole said, is making clear that he’s only as valuable to the president as his reputation. “It doesn’t help him if he loses his credibility,” Cole said.

Pence has skirted that danger since his first month in office.

Though he led Trump’s presidential transition, Pence has said he did not know about meetings between Russian officials and Michael Flynn, Trump’s national security advisor during the campaign and initially in the White House, that are now central to the investigation into possible collusion to influence the 2016 election. So in January, on Flynn’s assurance, he falsely said on television that Flynn had not discussed with Russian Ambassador Sergey Kislyak the sanctions that President Obama imposed in December as penalty for Russia’s campaign meddling.

Flynn’s lying to the vice president was the reason given for his forced resignation, yet Trump and several advisors had been aware of Flynn’s deception for days.

Pence also said he did not know Flynn was secretly lobbying for Turkey until March, though Flynn, according to the New York Times, informed the transition team in early January that he was under investigation for failing to report the work he did as a foreign agent during the campaign.

And after Trump fired FBI Director James B. Comey, Pence insisted that the bureau’s Russia investigation had nothing to do with it, only to have Trump contradict him a day later in a nationally televised interview.

The incidents underscore Pence’s problem: His allies maintain he is a core inside player, yet at significant moments, they have insisted he was out of the loop. The friends dismiss such embarrassments, however, as the natural consequence of Trump being Trump, and Pence’s place as first in line whether the White House is on offense or defense.

“He understands he has a job and his job is to be a loyal soldier, and he’s a very effective communicator,” said Pete Seat, an official with the Indiana Republican Party. “So sometimes the job of being first one out of the gate falls on him.”

David McIntosh, the Indiana Republican whom Pence replaced in Congress, said “there were two truths” in the Comey firing. There was the one Pence told — that Justice Department leaders recommended Comey be fired — and the one that Trump later told, that he would have fired Comey regardless of that recommendation.

“One thing I think Mike would not do is make the first statement if he thought it was not true,” said McIntosh, disregarding Pence’s insistence that Comey’s firing had nothing to do with the Russia investigation when Trump later said it did.

Pence, who turned 58 last month, came to prominence in Indiana as a talk radio host in the 1990s, building a brand as a conservative Christian who chose to make his points without turning up the volume.

Elected to Congress on his third try, Pence initially was a conservative renegade. But he proved to be in the vanguard of what became the tea party movement. Sen. Jeff Flake, an Arizona Republican whose office was next to Pence’s when the Indianan was in Congress, remembers the two of them bursting through the House doors together on late nights — like Butch Cassidy and the Sundance Kid into a saloon — to halt spending measures, and offering slow claps for President George W. Bush’s spending plans during a State of the Union address.

Flake said Pence’s ability to stay relentlessly on message endeared him to other conservatives, propelling him into the House leadership ranks.

Next, as Indiana’s governor for four years, he built on his conservative credentials while showing a willingness to bend on a few issues, including allowing expansion of Medicaid as part of Obamacare. He suffered his biggest setback on a religious liberty bill that allowed store owners to refuse services for gay weddings; Pence retreated under pressure from groups concerned the law would hurt Indiana’s reputation and its ability to recruit workers and businesses from out of state.

Pence’s allies say he has maintained important credibility in Congress, both because he served there and because of his alliance with House Speaker Paul D. Ryan. He was influential as Trump made his Cabinet choices and enlisted Judge Neil M. Gorsuch for the Supreme Court, a selection that united Republicans more than any decision Trump has made in the White House. But his role as a conduit to Congress is being tested by Republicans’ divisions over the healthcare bill, which Pence has repeatedly promised would get out of Congress by the end of summer.

Pence, through his press office, declined an interview request, citing his desire to avoid discussing his role or influence. He has been careful to avoid taking credit, an important trait to a president who wants it for himself and is angered by those who flaunt their influence. If the vice president has had any disagreements with Trump, they have not been leaked, a rarity in the White House.

Pence associates say he is most comfortable in the policy realm, letting Trump pick his tasks and define his role. That has included trips to Asia and Europe and another planned for Latin America in August. By sticking to script and avoiding free-form interactions with the press, Pence has avoided getting dragged further into controversies over the Russia investigation and Trump’s tweets.

As Comey testified in Congress last month that the president lied and tried to halt the investigations of Flynn and Russia, Pence once again found a spot for himself away from the tumult.

Before an ornate room full of governors and state officials near the White House, Pence focused on the administration’s theme of the week: roads, bridges and airports. He spoke about the “builder in the White House,” even as Trump himself had overshadowed that message with tweets assailing the mayor of London, the media and his Justice Department.

“Folks,” Pence said, “it’s already been a banner week for infrastructure.”

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Pronk Pops Show 862: March 28, 2017

Pronk Pops Show 861: March 27, 2017

Pronk Pops Show 860: March 24, 2017

Pronk Pops Show 859: March 23, 2017

Pronk Pops Show 858: March 22, 2017

Pronk Pops Show 857: March 21, 2017

Pronk Pops Show 856: March 20, 2017

Pronk Pops Show 855: March 10, 2017

Pronk Pops Show 854: March 9, 2017

Pronk Pops Show 853: March 8, 2017

Pronk Pops Show 852: March 6, 2017

Pronk Pops Show 851: March 3, 2017

Pronk Pops Show 850: March 2, 2017

Pronk Pops Show 849: March 1, 2017

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The Pronk Pops Show 921, June 29, 2017, Part 1 –Story 1: Majority of American People Want and Deserve A Big, Bold, Bipartisan Tax Reform Cut — The Time Is Now For The Fair Tax Less Version of The FairTax — Trump Should Embrace Real Tax Reform By Becoming Champion of Fair Tax Less If He Wants A Booming Economy Growing At 5% Plus — No Guts — No Glory — Just Do It By Labor Day September 4, 2017 — Make America Great Again — What Good is Dreaming It If You Don’t Actually Do It! — Videos

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Corporations paying fewer taxes

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Wealthy pay more in taxes than poor

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Trump vs. OECD on tax reform

Watters visits Trump’s alma mater to talk tax reform

Rep. Meadows: Tax reform, health care and infrastructure get done by September

Speaker Ryan Guarantees That Congress Will Get Tax Reform Done In 2017

Speaker Paul Ryan Full Speech on Tax Reform 6-20-17

Ron Paul on Paul Ryan’s tax reform plan

How Trump’s tax reform plan will impact the economy

Donald Trump: Simplify the Tax Code

Donald Trump: I pay as little as possible in taxes

Grover Norquist on Speaker Ryan’s tax reform timeline

Grover Norquist: Expect dramatic tax cuts from Trump

The Pledge: Grover Norquist’s hold on the GOP

FairTax: Fire Up Our Economic Engine (Official HD)

Pence on the Fair Tax

Freedom from the IRS! – FairTax Explained in Details

Millionaire confidence plunges on Trump’s tax reform delays

What’s Up With Trump’s Tax Reform? Myths vs. Facts

The FairTax: It’s Time

Dan Mitchell explains the fair tax

Six Reasons Why the Capital Gains Tax Should Be Abolished

Is America’s Tax System Fair?

Sen. Moran Discusses FairTax Legislation on U.S. Senate Floor

Milton Friedman – Why Tax Reform Is Impossible

Milton Friedman – Is tax reform possible?

What’s Killing the American Dream?

Robert Wolf: Border adjustment not going to happen

Is Donald Trump serious about tax reform?

Sean Spicer: Trump wants to get tax reform right

Will tax reform really happen by August?

Dan Mitchell Discussing GOP Tax Plan and Corporate Rate Reduction

What Tax Reform Could Look Like Under Donald Trump | Squawk Box | CNBC

#Eakinomics – 4 Key Questions on Dynamic Scoring

What is Dynamic Scoring?

Trump Pushes ‘Major Border Tax’ to Keep Jobs in U.S.

Ryan Unexpectedly Joins Forces With Bannon on Border Tax

Kudlow: Freedom Caucus & Trump’s base is opposed to Border Adjustment Tax

Sen. Perdue: Border Adjustment Tax would “shutdown economic growth”

Sen. Tom Cotton: “I have serious concerns” w/ Border Adjustment Tax

Americans Need a Progressive Consumption Tax

Sen. Strange: “I would not” vote for a Border Adjustment Tax

CNBC: Steve Forbes on Border Adjustment Tax – “Don’t Do It” 2.8.17

Meg Whitman: Border Adjustment Tax Will Not Create Jobs | CNBC

Art Laffer: Border tax is a major mistake

Border Tax Fight Is Economists Vs. Everybody Else | Squawk Box | CNBC

Dan Mitchell Discussing GOP Tax Plan and Corporate Rate Reduction

What is a Border Adjustment?

Border Tax: What You Need to Know

Will a border adjustment tax help American businesses?

Will a border adjustment tax kill free trade?

Border adjustment tax political suicide?

Fox Pol:l 73% Want Tax Reform This Year – Cavuto

Could the border tax debate stall tax reform?

Is A Border Adjustment Tax A Good Idea?

Border Adjustment Tax: Trump’s MAGA Ace

President Donald Trump Begins First Week By Meeting With Top Business Leaders | NBC News

Dan Mitchell Fretting about GOP Border-Adjustable Tax Plan

Paul Ryan on why he’s confident about tax reform

1/26/17 Border Adjustment Taxes, Tax Reform & Trade: Panel 1

1/26/17 Border Adjustment Taxes, Tax Reform and Trade: Panel 2 Part 2

Border Tax Adjustment and Corporate Tax Reforms: Panel 1

Border Tax Adjustment and Corporate Tax Reforms: Panel 2

Breaking Down The Republican Plan For A Border Tax | CNBC

McConnell Seeks Revenue-Neutral Tax Reform This Congress

Mnuchin: Three percent growth achievable with tax reform

Can Congress get tax reform done?

Rep. Reed: Tax reform will get done this year

Sen. Shelby Says Fundamental Tax Reform Good for Economy

Harvard Professor: Trump’s Border Tax ‘Misunderstood’

Making Sense Of The 20 Percent Tax Proposal | Morning Joe | MSNBC

Proposed Tax Package A Dramatic Cut Even With A Border Tax?

Treasury Secretary Steve Mnuchin On Tax Reform, Growth, Border Tax, China (Full) | Squawk Box | CNBC

Wilbur Ross On Border Tax: Something Will Be Found To Fill Trillion-Dollar Hole | Squawk Box | CNBC

Honda “Impossible Dream” Commercial

Honda Advert: Impossible Dream II 2010

Lyrics
To dream the impossible dream
To fight the unbeatable foe
To bear with unbearable sorrow
To run where the brave dare not go
To right the unrightable wrong
To love pure and chaste from afar
To try when your arms are too weary
To reach the unreachable star
This is my quest, to follow that star,
No matter how hopeless, no matter how far
To fight for the right without question or cause
To be willing to march into hell for a heavenly cause
And I know if I’ll only be true to this glorious quest
That my heart will lie peaceful and calm when I’m laid to my rest
And the world will be better for this
That one man scorned and covered with scars
Still strove with his last ounce of courage
To fight the unbeatable foe, to reach the unreachable star
Songwriters: Joe Darion / Mitchell Leigh
The Impossible Dream lyrics © Helena Music Company

 

Taxes May Be Certain, but Tax Reform Is Not

Taxes May Be Certain, but Tax Reform Is Not
by V. Lance Tarrance

Donald Trump is a man who throws down gauntlets, and he threw down several big ones during his campaign for president — confronting the status quos on immigration, onhealthcare and on taxes, to name a few. He is now pursuing bold policy changes on each. But it could be Trump’s action on taxes that matters most to whether the stock market continues to ride high, GDP growth returns to a healthy 3% and, therefore, whether his presidency is judged well in posterity.

News about taxes has been relatively slow thus far in Trump’s administration. Judicial blowback against his immigration policies and Congressional blowback on healthcare reform have received far more attention than the general tax-plan principles he announced in April. Still, achieving detailed tax reform may prove even more difficult than his other policy struggles once the wheels start turning.

Before making tax reform a year-end goal, Treasury Secretary Steven Mnuchin initially said he hoped to complete tax reform by August. Senate Majority Leader Mitch McConnell reacted by saying that tax reform is a “very complicated subject” and harder to do now than the last time Congress achieved it in 1986. And passing the 1986 tax reform legislation was no easy task — it required winning the support of a Democratic House and a Republican president, and took nearly two years of intense negotiations. Alluding more cynically to the significant political obstacles that often impede changing the tax code, former House Speaker John Boehner said the passing of a tax code overhaul is “just a bunch of happy talk.”

Now, however, current Speaker Paul Ryan is also pushing for tax reform by the end of 2017, making these obstacles appear a little less daunting than if the administration were going it alone.

Aside from whether tax experts and Washington politicians are willing to upend the tax code, it is important to note where the American people stand on the need for action on taxes. It must be remembered that taxpayers may dislike the current tax system but not be convinced that Congress and the Trump administration will make it any better — change could be worse. Without a strong push from the American people, Trump’s tax reform might not materialize.

During the 2016 presidential campaign, Gallup tested several of candidate Trump’s tax proposals.

  • He advocated eliminating most federal income tax deductions and loopholes for the very rich, and Gallup found 63% of American adults favoring this with just 17% opposed.
  • His proposal to simplify the federal tax code — reducing the current seven tax brackets to four — was also popular, with 47% agreeing and only 12% disagreeing.
  • Trump’s plan to eliminate the estate tax paid when someone dies garnered considerably more agreement than disagreement from Americans, 54% to 19%. Notably, this is an issue that Congress and the wider public have considered in the recent past, and public sentiment on the issue today is in line with past Gallup polls on this issue, such as when it asked about keeping the estate tax from increasing in 2010.

More recently, in March 2017, Americans viewed President Trump’s general plan to “significantly cut federal income taxes for the middle class” positively: 61% agreed with the plan (with no mention of Trump in the question), 26% disagreed and 13% had no opinion. Trump’s proposal to lower corporate tax rates, however, elicited a split decision, with 38% reacting positively, 43% negatively and the potentially decisive 19% “no opinion” group apparently needing more information.

These findings suggest Americans could respond favorably to many of the specific elements of Trump’s ultimate tax plan, provided they make it into whatever legislation Congress winds up debating. For example, in spite of closing tax loopholes that favor the rich, the plan is expected to end up cutting taxes on the wealthy, not raising them. But as long as the plan also cuts taxes on the middle class, that fact alone is unlikely to sink it with Americans. Bush’s across-the-board tax cuts in 2001, which more Americans at the time said were a “good thing” than a “bad thing,” are a perfect illustration of this.

Whether Americans feel a sense of urgency about enacting tax reform is another matter.

In April 2017, Gallup found that Americans’ concern about their own federal tax burden had actually cooled somewhat, as barely half (51%) felt their taxes were “too high,” down from 57% in 2016. By contrast, in June 1985, the year before the revolutionary Tax Reform Act of 1986 went into effect, 63% of Americans said their taxes were too high.

While public demand for lowering taxes may have waned, it is not gone. Public concern about taxes fell the most over the past year among Republicans — a familiar political pattern given the partisan shift in presidential power. With a Republican in the White House, the Republican rank and file are less likely to say anything negative about the government, including about taxes. Still, 62% of Republicans call their taxes too high, as do 52% of independents and 39% of Democrats.

The implication? While not as intense as Congressional leaders may have expected, public demand for tax reform is still there, especially among the Republicans who may matter most to GOP lawmakers.

Common Ground Exists on Tax Reform

As the U.S. Congress is about to start its summer recess, tax reform remains ill defined by the administration, and negotiations over sub-issues like the border adjustment tax have stalled any pivot to immediate tax legislation. More importantly, there seems to be no bipartisan support this time, while there was under Reagan in 1986. Granted, this may seem like less of an issue now, as Republicans today control both the legislative and executive branches of the federal government. But real tax reform always makes for winners and losers, and it is problematic for only one party to pass new reforms. One need only look at the electoral consequences that Democrats have repeatedly suffered since 2010, the year they passed major healthcare reform legislation on party-line votes, to understand the danger Republicans could face if they pursue tax reform alone.

To make tax reform possible from a bipartisan standpoint, Congress needs to make sure the bill can be branded a “middle-class winner.” As noted previously, Americans favor tax cuts for the middle class, and as the following table shows, Republicans and Democrats are also more likely to believe middle-income people are currently paying too much in taxes than to say they are paying their fair share or paying too little.

Both Party Groups Tend to Believe Middle-Income Americans Pay Too Much in Federal Taxes
Republican/Lean Republican Democrat/Lean Democratic
% %
Too much 51 49
Fair share 40 43
Too little 5 7
No opinion 4 1
GALLUP, APRIL 5-9, 2017

To ensure tax reform enjoys at least some bipartisan support, Democrats will need a win during negotiations, meaning taxes would likely need to be raised on the nation’s wealthier class of citizens. Republicans are split on the issue of the fairness of taxes paid by upper-income people, but Democrats are in solid agreement that they pay too little.

Parties Diverge on Perceptions of What Upper-Income Americans Pay in Federal Taxes
Republican/Lean Republican Democrat/Lean Democratic
% %
Too much 18 4
Fair share 38 13
Too little 40 82
No opinion 4 1
GALLUP, APRIL 5-9, 2017

Bottom Line

With the Trump administration wanting tax reform before the end of 2017, Ryan is now promising to put it on the front burner. However, even Republican leaders’ enthusiasm for tax reform may not be enough to overcome the triad of legislative challenges that exist: the slimness of the Republican majorities in the U.S. House and Senate, the lack of bipartisanship in Washington and the power of special interest groups in Washington, D.C., to protect their vested interests. This is why comprehensive tax reform is historically so rare.

One thing working in Republicans’ favor is that a majority of Americans support tax relief for the middle class, and members of both major parties tend to believe middle-class taxes are too high. If the bill can be positioned strongly as middle-class tax relief, its chances for success will be higher.

http://www.gallup.com/opinion/polling-matters/213239/taxes-may-certain-tax-reform-not.aspx

The Fair Tax — A Tax System that Americans Rightfully Deserve

  • 04/22/2016
  • FAIRtax 
  • by: Rep. John Ratcliffe (TX-4)
The Fair Tax — A Tax System that Americans Rightfully Deserve

At more than 73,000 pages, it’s no wonder our country’s tax code spells headache for millions of hardworking Americans across the country. This bloated document, riddled with complicated loopholes, is anything but navigable for working-class people who can’t afford to hire accountants, lawyers or tax professionals. Yet like clockwork every spring, Americans throw away countless time and treasure in an attempt to properly comply with the process of giving their hard-earned money to the federal government.

The rigors of compliance aside, our tax code penalizes economic growth and American competitiveness. By imposing some of the highest corporate tax rates in the industrialized world, American business are incentivized to entertain corporate inversions, and leave trillions of dollars of cash abroad where it can’t be invested in American growth. While the well-to-do and well-connected may be able to navigate this byzantine world, taxpayers across the country and throughout the 18 counties in Texas I represent are frustrated, and rightfully so. The American people deserve better.

Frustration with the IRS reached new levels in 2013 when revelations surfaced that the agency was targeting conservative groups. When Congress launched investigations, IRS Commissioner John Koskinen repeatedly obstructed justice by refusing to testify and failing to produce up to 24,000 emails relevant to the investigations. This is simply unacceptable.

To make matters worse, the IRS experienced a cyber-attack in 2015 that left more than 700,000 taxpayer accounts vulnerable. And according to a GAO report released just last month, the IRS has improved only marginally since that time in regard to its data security. Taxpayers should not be subject to the political whims of unelected bureaucrats who refuse to follow the law and falsify facts before Congress, all the while placing their personal financial data at risk.

As a staunch fiscal conservative, I’ve been vocal and outspoken about the need for a fairer, flatter tax code – one that doesn’t stifle growth or punish economic success. After all, Ronald Reagan famously said that the role of government should be to fostereconomic growth, not smother it. That’s why I’ve joined more than 70 of my colleagues in cosponsoring legislation that would eliminate all individual and corporate income taxes – the FairTax Act of 2015 (H.R. 25).

The FairTax Act, introduced by Rep. Rob Woodall (GA-7), eliminates all personal, corporate, gift and estate taxes and replaces them with a simple, point-of-sale consumption tax. Beyond this, it completely abolishes the IRS and all of the bureaucratic red tape and corporate cronyism that comes with it – and remains revenue neutral in the process.

The FairTax Act combats the corruption and inefficiency of the IRS, and instead promotes American growth and investment. I’m proud to be a cosponsor of this key piece of legislation, because it recognizes that more freedom and less government is the formula for economic success. It’s this model that’s allowed Texas to lead the nation in job growth since 2008, and it’s about time for Washington to get an overdue dose of these commonsense, Texas economic values. The FairTax Act will do just that, and I urge my colleagues to support it.

Congressman John Ratcliffe represents Texas’ 4th district, serving the outer eastern suburbs of the Dallas-Fort Worth Metroplexsince 2015.  He is a member of the Judiciary Committee as well as the House Homeland Security Committee, serving as Chairman of its Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee.  Prior to Congress, he served as Mayor of Heath, Texas.  In addition, during the George W. Bush Administration, he was appointed to multiple posts, including U.S. Attorney and Chief of Anti-Terrorism and National Security for the Eastern District of Texas.

Your Money, Your Decision

The current federal income tax system is clearly broken — unfair, overly complex, and almost impossible for most Americans to understand. But there is a reasonable, nonpartisan alternative before Congress that is both fair and easy to understand. A system that allows you to keep your whole paycheck and only pay taxes on what you spend.

The FairTax is a national sales tax that treats every person equally and allows American businesses to thrive, while generating the same tax revenue as the current four-million-word-plus tax code. Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate. The FairTax rate after necessities is 23% compared to combining the 15% income tax bracket with the 7.65% of employee payroll taxes under the current system — both of which will be eliminated!

Important to note: the FairTax is the only tax plan currently being proposed that includes the removal of the payroll tax.

Keep Your Paycheck

For the first time in recent history, American workers will get to keep every dime they earn; including what would have been paid in federal income taxes and payroll taxes. You will get an instant raise in your pay!

Social Security & Medicare Funding

Benefits will not change. The FairTax actually puts these programs on a more solid funding foundation. Instead of being funded by taxes on workers’ wages, which is a small pool, they’ll be funded by taxes on overall consumption by all residents. Learn More .

Get a Tax Refund in Advance on Purchases of Basic Necessities

The FairTax provides a progressive program called a prebate. This gives every legal resident household an “advance refund” at the beginning of each month so that purchases made up to the poverty level are tax-free. The prebate prevents an unfair burden on low-income families. Learn more .

Pay Tax on Only What You Spend

Be in control of your financial destiny. You alone can control your tax burden. If you’re thrifty, you’ll pay lower taxes than somebody who is not. Most importantly, you’ll be taxed fairly. Learn moreabout what is taxed.

Everyone Pays Their Fair Share

Tax evasion and the underground economy cost each taxpayer an additional $2,500 every year! But by taxing new products and services consumed, the FairTax puts everyone in the country at the same level at the cash register. Further, only legal residents are eligible for the prebate. Learn more .

The IRS is No Longer Needed

No more complicated tax forms, individual audits, or intrusive federal bureaucracy. Retailers will collect the FairTax just as they do now with state sales taxes. All money will be collected and remitted to the U.S. Treasury, and both the retailers and states will be paid a fee for their collection service. Learn More

Summer looms with GOP stuck on health care, budget, taxes

The Capitol in Washington is quiet after lawmakers departed the for the Independence Day recess, Friday, June 30, 2017. The Republican leadership in the Senate decided this week to delay a vote on their…

WASHINGTON (AP) — Republicans are stuck on health care, can’t pass a budget, and hopes for a big, bipartisan infrastructure package are fizzling. Overhauling the tax code looks more and more like a distant dream.

The GOP-led Congress has yet to salt away a single major legislative accomplishment for President Donald Trump — and a summer of drift may lead to a logistical nightmare this fall.

Instead, Trump’s allies appear both divided and indecisive, unable to deliver on his agenda while letting other must-do congressional business — chiefly their core responsibilities of passing a budget and spending bills, and keeping the government solvent — slide onto an already daunting fall agenda that is looking more and more like it’ll be a train wreck.

Friday brought more bad news for Speaker Paul Ryan, R-Wis., and other House leaders as 20 GOP moderates signaled a revolt on the budget, penning a letter to Ryan announcing their opposition to an emerging plan to force cuts to government agencies and benefit programs such as food stamps. The letter, authored by Rep. Charlie Dent, R-Pa., warned that without an agreement with Democrats on increasing agency spending, moderates will be “reticent to support any budget.”

“It’s looking like they’re very disorganized. They got obviously a lot of conflict over spending preferences and it’s not just a two-way conflict,” said top House Budget Committee Democrat John Yarmuth of Kentucky. “It’s just a tough Rubik’s Cube they’re trying to solve.”

So it’s not just the Senate effort to repeal and replace Democrat Barack Obama’s health care law that’s foundering. The annual congressional budget measure — a prerequisite to this fall’s hoped-for tax effort — is languishing as well, as are the 12 annual spending bills that typically consume weeks of House floor time each summer.

But GOP leaders say all is going well. Ryan told a Wisconsin radio host on Thursday that “it’s the most productive Congress since the mid-’80s” and issued a news release Friday titled “Despite What You May Hear, We Are Getting Things Done.” The release cites a bipartisan Department of Veterans Affairs accountability measure and 14 bills repealing Obama-era regulations as Congress’ top achievements.

“It would be hard to fault the average American for thinking all that’s going on in Washington these days is high-drama hearings and partisan sniping,” Ryan said. “But amid the countdown clocks and cable news chatter, something important is happening: Congress is getting things done to help improve people’s lives.”

In the first year of a presidency, the annual August congressional recess is a traditional point to take stock. By that point, Obama had signed an economic recovery bill and President George W. Bush had won his landmark tax cuts, while President Bill Clinton was celebrating a hard-fought budget package.

Trump has no comparable successes to trumpet — but his allies in Congress say they’re not worried.

“We laid out an agenda in November and December, and we’re needing to get there,” said House Rules Committee Chairman Pete Sessions, R-Texas. “And we can effectively get there. The questions that confound us are those that we can answer ourselves. And we will.”

And as Republicans are stalled on health care, the budget and infrastructure, there are several other problems that need to be taken care of, including increasing the nation’s borrowing authority, preventing a government shutdown, and lifting budget “caps” that are hobbling efforts to beef up the military.

Unlike health care, the debt limit and a deal to fix the spending caps — a leftover from a failed 2011 budget deal — can only be resolved with Democratic help. However, they promise to consume political capital and valuable time and energy, and there’s no political pay-off, other than forestalling disaster.

First, Congress is off on vacation to return in July for a three-week session. Then comes the traditional monthlong August recess.

After Labor Day comes a four-week sprint to October and the deadline to avert a government shutdown with a temporary spending bill — and to forestall a disastrous default on U.S. obligations by lifting the debt limit, which is a politically toxic vote for many Republicans.

Sentiment is building among some lawmakers to shorten the recess to make progress on the unfinished work that is piling up. On Friday, 10 GOP senators, led by David Perdue of Georgia, sent Majority Leader Mitch McConnell, R-Ky., a letter citing delays on health care, the budget, a stopgap spending bill and the debt limit as reasons to consider canceling some or all of the recess.

“If we successfully navigate those priorities, we can finally get to our once in a generation opportunity on tax reform,” the letter said. “Growing the economy, repairing our infrastructure, and rebuilding our military are all dependent on accomplishing the tasks before us.”

http://wtop.com/government/2017/06/summer-looms-with-gop-stuck-on-health-care-budget-taxes/

APRIL 13, 2016

High-income Americans pay most income taxes, but enough to be ‘fair’?

Corporations paying fewer taxes

Tax-deadline season isn’t many people’s favorite time of the year, but most Americans are OK with the amount of tax they pay. It’s what other people pay, or don’t pay, that bothers them.

Just over half (54%) of Americans surveyed in fall by Pew Research Center said they pay about the right amount in taxes considering what they get from the federal government, versus 40% who said they pay more than their fair share. But in a separate 2015 surveyby the Center, some six-in-ten Americans said they were bothered a lot by the feeling that “some wealthy people” and “some corporations” don’t pay their fair share.

It’s true that corporations are funding a smaller share of overall government operations than they used to. In fiscal 2015, the federal government collected $343.8 billion from corporate income taxes, or 10.6% of its total revenue. Back in the 1950s, corporate income tax generated between a quarter and a third of federal revenues (though payroll taxes have grown considerably over that period).

Nor have corporate tax receipts kept pace with the overall growth of the U.S. economy. Inflation-adjusted gross domestic product has risen 153% since 1980, while inflation-adjusted corporate tax receipts were 115% higher in fiscal 2015 than in fiscal 1980, according to the Bureau of Economic Analysis. There have been a lot of ups and downs over that period, as corporate tax receipts tend to rise during expansions and drop off in recessions. In fiscal 2007, for instance, corporate taxes hit $370.2 billion (in current dollars), only to plunge to $138.2 billion in 2009 as businesses felt the impact of the Great Recession.

Corporations also employ battalions of tax lawyers to find ways to reduce their tax bills, from running income through subsidiaries in low-tax foreign countries to moving overseas entirely, in what’s known as a corporate inversion (a practice the Treasury Department has moved to discourage).

But in Tax Land, the line between corporations and people can be fuzzy. While most major corporations (“C corporations” in tax lingo) pay according to the corporate tax laws, many other kinds of businesses – sole proprietorships, partnerships and closely held “S corporations” – fall under the individual income tax code, because their profits and losses are passed through to individuals. And by design, wealthier Americans pay most of the nation’s total individual income taxes.

Wealthy pay more in taxes than poorIn 2014, people with adjusted gross income, or AGI, above $250,000 paid just over half (51.6%) of all individual income taxes, though they accounted for only 2.7% of all returns filed, according to our analysis of preliminary IRS data. Their average tax rate (total taxes paid divided by cumulative AGI) was 25.7%. By contrast, people with incomes of less than $50,000 accounted for 62.3% of all individual returns filed, but they paid just 5.7% of total taxes. Their average tax rate was 4.3%.

The relative tax burdens borne by different income groups changes over time, due both to economic conditions and the constantly shifting provisions of tax law. For example, using more comprehensive IRS data covering tax years 2000 through 2011, we found that people who made between $100,000 and $200,000 paid 23.8% of the total tax liability in 2011, up from 18.8% in 2000. Filers in the $50,000-to-$75,000 group, on the other hand, paid 12% of the total liability in 2000 but only 9.1% in 2011. (The tax liability figures include a few taxes, such as self-employment tax and the “nanny tax,” that people typically pay along with their income taxes.)

All told, individual income taxes accounted for a little less than half (47.4%) of government revenue, a share that’s been roughly constant since World War II. The federal government collected $1.54 trillion from individual income taxes in fiscal 2015, making it the national government’s single-biggest revenue source. (Other sources of federal revenue include corporate income taxes, the payroll taxes that fund Social Security and Medicare, excise taxes such as those on gasoline and cigarettes, estate taxes, customs duties and payments from the Federal Reserve.) Until the 1940s, when the income tax was expanded to help fund the war effort, generally only the very wealthy paid it.

Since the 1970s, the segment of federal revenues that has grown the most is the payroll tax – those line items on your pay stub that go to pay for Social Security and Medicare. For most people, in fact, payroll taxes take a bigger bite out of their paycheck than federal income tax. Why? The 6.2% Social Security withholding tax only applies to wages up to $118,500. For example, a worker earning $40,000 will pay $2,480 (6.2%) in Social Security tax, but an executive earning $400,000 will pay $7,347 (6.2% of $118,500), for an effective rate of just 1.8%. By contrast, the 1.45% Medicare tax has no upper limit, and in fact high earners pay an extra 0.9%.

All but the top-earning 20% of American families pay more in payroll taxes than in federal income taxes, according to a Treasury Department analysis.

Still, that analysis confirms that, after all federal taxes are factored in, the U.S. tax system as a whole is progressive. The top 0.1% of families pay the equivalent of 39.2% and the bottom 20% have negative tax rates (that is, they get more money back from the government in the form of refundable tax credits than they pay in taxes).

Of course, people can and will differ on whether any of this constitutes a “fair” tax system. Depending on their politics and personal situations, some would argue for a more steeply progressive structure, others for a flatter one. Finding the right balance can be challenging to the point of impossibility: As Jean-Baptiste Colbert, Louis XIV’s finance minister, is said to have remarked: “The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.”

Note: This is an update of an earlier post published March 24, 2015.

http://www.pewresearch.org/fact-tank/2016/04/13/high-income-americans-pay-most-income-taxes-but-enough-to-be-fair/

Summary of the Latest Federal Income Tax Data, 2016 Update

February 1, 2017

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The Pronk Pops Show 919, June 27, 2017, Part 1 — Story 1: Breaking BIG — Big Interventionist Government — Obamacare and Obamacare Lite — The Progressive Two-Party Tyranny of The Democratic and Republican Parties — Fake Repeal and Fake Replace Is Not Real Repeal of Obamacare and All Obamacare Regulations and Replace With Free Enterprise Individual Health Insurance Markets Not Centralized Federal Control and Regulation with Massive Subsidies Of Health Insurance Industry — Collectivists vs Individualists — Replace The C, D, F BIG Progressive Republican Senators and Representatives — The Party’s Over — Videos

Posted on June 27, 2017. Filed under: American History, Breaking News, Budgetary Policy, Communications, Countries, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Elections, Employment, Fiscal Policy, Freedom of Speech, Government, Government Dependency, Government Spending, Health, Health Care Insurance, History, Human, Labor Economics, Law, Life, Media, Medicare, Monetary Policy, News, People, Philosophy, Photos, Politics, Polls, President Barack Obama, President Trump, Pro Life, Progressives, Raymond Thomas Pronk, Regulation, Rule of Law, Scandals, Security, Social Security, Success, Tax Policy, Taxation, Taxes, Terror, Terrorism, Unemployment, United States Constitution, United States of America, Videos, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,