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The Pronk Pops Show 964, September 14, 2017, Story 1: Did President Trump Betray His Supporters By Promising Citizenship or Pathway To Citizenship For Illegal Alien “Dreamers”? — Big Lie Media and Lying Lunatic Left Losers (Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi ) Say They Have A Deal or Understanding and Rollover Republicans Support Trump (Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan) — No Wall and No Deportation For 30-60 Million Illegal Aliens Including “Dreamers” — You Were Warned Not To Trust Trump — Rollover Republicans Want Touch-back Amnesty For Illegal Aliens — Hell No — Illegal Aliens Must Go — Trump Has 48 Hours To Confirm or Deny Dreamer Citizenship Deal — Political Suicide Watch Countdown — Videos

Posted on September 14, 2017. Filed under: 2016 Presidential Campaign, 2016 Presidential Candidates, American History, Blogroll, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Drugs, Education, Elections, Empires, Employment, European History, Foreign Policy, Government, Government Dependency, Government Spending, Health Care Insurance, Hillary Clinton, Hillary Clinton, Hillary Clinton, Hillary Clinton, History, House of Representatives, Housing, Human, Human Behavior, Illegal Drugs, Illegal Immigration, Illegal Immigration, Immigration, Independence, Jeb Bush, Labor Economics, Law, Legal Drugs, Legal Immigration, Life, Lying, Middle East, National Interest, Obama, People, Philosophy, Photos, Politics, Polls, President Trump, Radio, Raymond Thomas Pronk, Rule of Law, Scandals, Senate, South America, Success, Taxation, Taxes, Technology, Terror, Terrorism, Unemployment, United States Constitution, United States of America, Videos, Violence, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 964, September 14, 2017

Pronk Pops Show 963, September 13, 2017

Pronk Pops Show 962, September 12, 2017

Pronk Pops Show 961, September 11, 2017

Pronk Pops Show 960, September 8, 2017

Pronk Pops Show 959, September 7, 2017

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939, August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

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, 2017Image result for branco cartoons on trump on immigrationImage result for cartoons trump on dreamersImage result for cartoons on trump on dreamers

Image result for cartoons trump on dreamers

Image result for u.s. Border patroll statistic on apprehensions thourght 1990-2015

Image result for u.s. Border patroll statistic on apprehensions thourght 1990-2015

Image result for u.S. immigration by decades througj 2010

Image result for u.S. immigration by decades througj 2010

Image result for u.S. immigration by decades througj 2010

Immigration by the Numbers — Off the Charts

Immigration, World Poverty and Gumballs – NumbersUSA.com

Ann Coulter on illegal immigration

How Many Illegal Aliens are in the U.S.? – Introduction

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How Many Illegal Aliens Are in the US? – Diana Hull, part 1

Published on Oct 20, 2007

How Many Illegal Aliens Are in the US? – Diana Hull, part 2

How Many Illegal Aliens Are in the US? – Walsh – 1

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How Many Illegal Aliens Are in the US? – Walsh – 2

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How Many Illegal Aliens Are in the US? – Philip Romero

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How Many Illegal Aliens Are in the US? – Fred Elbel

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Story 1: Did President Trump Betray His Supporters By Promising Citizenship or Pathway To Citizenship For Illegal Alien “Dreamers”? — Big Lie Media and Lying Lunatic Left Losers (Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi ) Say They Have A Deal or Understanding and Rollover Republicans Support Trump (Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan) — No Wall and No Deportation For 30-60 Million Illegal Aliens Including “Dreamers” — You Were Warned Not To Trust Trump — Rollover Republicans Want Touch-back Amnesty For Illegal Aliens — Hell No — Illegal Aliens Must Go — Trump Has 48 Hours To Confirm or Deny! — Political Suicide Watch Countdown — Videos

He’s a BETRAYER” Ann Coulter goes off on President Trump for deal with democrats

Tucker Carlson Tonight 9/14/17 | Tucker Fox News September 14, 2017

Ann Coulter Urges President Trump to Terminate DACA

President Donald Trump Supports DACA Amnesty? | True News

No, Trump Did Not Cave on the Border Wall in His DACA Deal

Laura Ingraham Show 9/14/17 Podcast – Trump Violating Pledge On The Wall at His Own Peril

Gohmert on ‘Political Realignment’ on Capitol Hill

Gohmert on Border Wall: ‘Some of Us Are Not Giving Up”

Breitbart And Ann Coulter Lash Out At Trump After Alleged Immigration Deal With Dems

“Amnesty Don” – the new country Western song about Trump supporting amnesty for illegals

Would the border wall be a part of the DACA deal?

President Trump: ‘Fairly close’ to DACA deal with Democrats

Daca: Trump denies reaching ‘Dreamers’ deal with Democrats

Trump disputes Democrats’ claim on DACA agreement

President Trump statement on immigration, green card reform with Sen Tom Cotton, Sen David Perdue

9 Misconceptions about the Green Card

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USCIS Form I-765 – Application for Employment Authorization

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Donald Trump: Green Card Reforms Will Reduce Unskilled Immigration | CNBC

Trump Makes Announcement on Immigration Reform

GOP lawmaker: Trump risking blowing up his base

Chuck Schumer Senate Floor: President Trump DACA Deal 9/14/17

Pelosi: Trump, Dems Agreed to ‘Move Forward’

Did Trump Just Give Away The Border? | The Ben Shapiro Show Ep. 383

It’s fine Trump is talking to Democrats on DACA: Sen. Ted Cruz

“Donald Trump will betray you on every issue” ~ Ted Cruz

Donald Trump: ‘We need to keep illegals out’ | Fox News Republican Debate

Donald Trump lays out three steps of his immigration policy

Trump on immigration: ‘We either have a country or we don’t’

Donald Trump’s entire immigration speech

Trump: I want an immigration policy that benefits Americans

Rep Steve King discusses Trump’s touchback amnesty

Trump’s Touchback amnesty explained by Marc Thiessen

Donald Trump explains his immigration plan

US-Mexico border wall needs to be built: Rep. Gohmert

“Shut the Border!” Ben Shapiro on Illegal Immigration Reform

Ben Shapiro: Amnesty Will Destroy Conservatives

Why Trump Is 100% Correct In Ending #DACA

Trump Is Right About Illegal Immigration and the New World Order & Deep State Vow to Destroy Him

Ann Coulter: Immigration Act of 1965 designed to change demographics

Edwin Meese on Immigration

The 1986 IRCA and Current Reform Efforts

he 1986 IRCA and Contemporary Reform Efforts

Immigration Reform and Control Act of 1986

Lessons learned from the 1986 immigration reform

Ronald Reagan’s amnesty legacy

Ronald Reagan – “I Believe in Amnesty for Illegal Aliens”

Reagan on Mexico Border 1980 – No Wall!

BEST VERSION: Reagan on Amnesty & Illegal Immigration

President Reagan’s Remarks at Ceremony for Immigration Reform and Control Act. November 6, 1986

1965 Immigration and Nationality Act

How the 1965 Immigration Act Changed America

The Immigration Act of 1965 and its Effects

The Impact of the Immigration and Nationality Act of 1965

1952: The McCarran-Walter Immigration Act

1924 Immigration Act

1917 Immigration Act

The Immigration History of the United States

America’s Sources of Immigration (1850-Today)

The Sopranos 6.06 – “How much more betrayal can I take?”

Trump’s die-hard supporters are fuming after an apparent about-face on ‘dreamers’

 September 14

Staunch conservative allies of President Trump have erupted in anger and incredulity after Democrats late Wednesday announced that the president had agreed to pursue a legislative deal that would protect thousands of young undocumented immigrants from deportation but not secure Trump’s signature campaign promise: building a massive wall along the U.S.-Mexico border.

Nearing midnight and into Thursday, social media accounts came alive as elected officials and activists on the right dashed off tweets and posts to share their shock.

And in between those posts, there was a flurry of fuming calls and text messages — a blaring political fire alarm among Trump’s die-hard supporters.

“The reality is sinking in that the Trump administration is on the precipice of turning into an establishment presidency,” Sam Nunberg, a former Trump campaign adviser, said in an interview early Thursday morning.

While the initial wave of fury could change direction as new details emerge, the torrent represented the first major break of Trump’s devoted base from the president on a core issue.

Rep. Steve King (R-Iowa), one of the GOP’s biggest immigration hawks, issued a dramatic warning to the president after he scrolled through news reports.

“If AP is correct, Trump base is blown up, destroyed, irreparable, and disillusioned beyond repair,” King tweeted, referencing an Associated Press story on the bipartisan agreement.

e added, “No promise is credible.”

Conservative radio talk show host Laura Ingraham, who is friendly with Trump, mocked him for seeming to shelve the pledge that has animated his supporters since his campaign’s launch.

“Exactly what @realDonaldTrump campaigned on. Not,” Ingraham wrote on Twitter. She later added, “BUILD THE WALL! BUILD THE WALL! … or … maybe … not really.”

Trump tried to calm the conservative outrage early Thursday in a series of tweets that insisted the border wall “will continue to be built” and that no deal was hashed out with Democrats on the undocumented young immigrants known as “dreamers.”

“No deal was made last night on DACA. Massive border security would have to be agreed to in exchange for consent. Would be subject to vote,” Trump wrote, referring to Deferred Action for Childhood Arrivals, or DACA, an Obama-era program that has allowed 690,000 “dreamers” to work and go to school without fear of deportation.


Senate Minority Leader Charles Schumer (D-N.Y.) talks with President Trump in the Oval Office on Sept. 6. (Alex Wong/Getty Images)

As he departed the White House on Thursday en route to Florida, which has been ravaged by Hurricane Irma, Trump told reporters that “the wall will come later … The wall is going to be built, it’ll be funded a little bit later.”

“We are working on a plan for DACA,” Trump said, calling the negotiations “fairly close” to concluding. Congressional Republican leaders, he added, were “very much on board” with his position.

Conservative polemicist Ann Coulter, who wrote a book titled “In Trump We Trust”, did not buy the president’s explanation.

“At this point, who DOESN’T want Trump impeached?” Coulter tweeted on Thursday morning.

Breitbart News, the conservative website now run by former White House chief strategist Stephen K. Bannon, quickly became a gathering place for aggrieved Trump backers. Readers congregated by the thousands in the comments section for an article with a bright red headline: “Amnesty Don.”

Days earlier, Bannon said on CBS’s “60 Minutes” that he was “worried about losing the House now because of this, because of DACA,” arguing that Republican voters would lack enthusiasm for Trump and the party if they felt it was drifting to the center on immigration.

“If this goes all the way down to its logical conclusion, in February and March it will be a civil war inside the Republican Party that will be every bit as vitriolic as 2013,” Bannon said, referencing the stalled fight that year over a comprehensive immigration bill. “And to me, doing that in the springboard of primary season for 2018 is extremely unwise.”

“This a betrayal of the highest order,” a Breitbart editor, who was not authorized to speak publicly, said in a phone call late Wednesday. “Donald Trump should be ashamed of himself. He wasn’t elected to do this.”

The editor was mostly echoed by the site’s readers:

“Put a fork in Trump. He is done.”

“PRIMARY TIME!!!!”

“What a HUGE let down.”

“I can reconcile Trump caving on virtually any issue, Amnesty and not building the wall are not one of them.”

Adding to the tumult in the deep of night: conflicting accounts over what exactly Trump and Democrats had brokered.

Aides to Senate Minority Leader Charles E. Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) asserted that Trump had agreed not to request wall funding as part of their pact to soon move legislation to help undocumented immigrants who are protected under the executive order.

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What to know about the decision to end DACA
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The Trump administration is rescinding Deferred Action for Childhood Arrivals. The Obama-era program granted two-year work permits to undocumented immigrants brought into the country as children. (Jenny Starrs/The Washington Post)

White House Press Secretary Sarah Huckabee Sanders tweeted at 10:21 p.m.: “While DACA and border security were both discussed, excluding the wall was certainly not agreed to.”

Eleven minutes later, Matt House, an adviser to Schumer, tweeted: “The President made clear he would continue pushing the wall, just not as part of this agreement.”

Sanders’s Twitter assurance, however, did little to calm the roiled voices, especially in the populist-nationalist wing of the Republican Party — a wing deeply linked to Trump.

“Deep State Wins, Huge Loss for #MAGA,” Fox Business anchor Lou Dobbs tweeted, alluding to Trump’s “Make America Great Again” campaign slogan.

Others who have supported Trump’s immigration positions took a wait-and-see approach amid the chaos.

“My sense is that he told Chuck and Nancy what they wanted to hear, and they heard what they wanted to hear. I think there could be some mischief-making on the part of Schumer since the White House is walking it back,” said Mark Krikorian, an immigration hard-liner who runs the Center for Immigration Studies, in an interview.

Sen. Charles E. Grassley (R-Iowa), the chairman of the Judiciary Committee, tweeted Thursday that his efforts to work with Democrats on immigration policy were “undercut” by Trump’s moves and asked the White House staff to “brief me.”

Meanwhile, Fox News host Sean Hannity, who is in regular contact with Trump, directed his ire over the developments not at the president but at GOP leaders on Capitol Hill.

“Well Mitch GREAT JOB!” Hannity tweeted, referring to Senate Majority Leader Mitch McConnell (R-Ky.). “You failed so miserably with Healthcare and ‘excessive expectations’ now @POTUS has to deal with Dem Leaders!”

Hannity added later, “I blame R’s. They caused this. They wanted him to fail and now pushed him into arms of political suicide — IF TRUE.”

https://www.washingtonpost.com/news/post-politics/wp/2017/09/14/according-to-democrats-trump-has-done-an-about-face-on-dreamers-his-diehard-supporters-are-fuming/?utm_term=.773af8800f82

You asked if anyone wants to deport ‘dreamers,’ President Trump: Yes. Your base.

Commentary: 

Don’t buy into all of that rosy PR about DACA

Mickey KausSpecial to the Washington Post

Who wants to deport “Dreamers”? Not many people, it turns out. Even veteran immigration restrictionists seem willing to legalize this subset of immigrants in the country illegally if it is part of a package deal. That’s true even though a lot of what’s said about the DACA recipients is PR-style hooey.

For example, it’s often said — indeed, former President Barack Obama just recently said — that the approximately 800,000 of them were “brought to this country by their parents.” Well, many were. But that’s not required to qualify as a protected Deferred Action for Childhood Arrivals program recipient under the various plans, including Obama’s. You just have to have entered the country illegally before age 16. You could have decided to sneak in against your parents’ wishes. You’re still a “Dreamer!”

Likewise, we’re told DACA recipients are college-bound high school grads or military personnel. That’s an exaggeration. All that’s actually required is that the person enroll in a high school course or an “alternative,” including online courses and English-as-a-second-language classes. Under Obama’s now-suspended program, you didn’t even have to stay enrolled.

Compared with the general population, DACA recipients are not especially highly skilled. A recent survey for several pro-”Dreamer” groups, with participants recruited by those groups, found that while most DACA recipients are not in school, the vast majority work. But their median hourly wage is only $15.34, meaning that many are competing with hard-pressed lower-skilled Americans.

The DACA recipients you read about have typically been carefully selected for their appeal. They’re valedictorians. They’re first responders. They’re curing diseases. They root for the Yankees. They want to serve in the Army. If DACA recipients are the poster children for the much larger population of immigrants in the country illegally, these are the poster children for the poster children.

Still, taking the DACA recipients as a whole, not just the dreamiest of them, they represent an appealing group of would-be citizens. So why not show compassion and legalize them? Because, as is often the case, the pursuit of pure compassion comes with harmful side effects.

First, it would create perverse incentives. Can you imagine a stronger incentive for illegal immigration than the idea that if you sneak into the country your kids will get to be U.S. citizens? Sure, the protections don’t currently apply to recent entrants — under Obama’s plan, you had to have come before 2007. But those dates can be changed — Obama himself tried to do it once. And the rationale for rewarding those who arrive when young — that they’re here through “no fault of their own” and know only America, etc. — can apply on into the future, with no apparent stopping point. What about the poor kids who came in 2008? 2018? There’s a reason no country has a rule that if you sneak in as a minor, you’re a citizen. We’d be inviting the world.

Second, it would have knock-on effects. Under “chain migration” rules established in 1965 — ironically as a sop to conservatives, who foolishly thought that they’d boost European inflows — new citizens can bring in their siblings and adult children, who can bring in their siblings and in-laws, until whole villages have moved to the United States. That means today’s DACA recipients would quickly become millions of newcomers, who may well be low-skilled and who would almost certainly include the parents who brought them — the ones who, in theory, are at fault.

There are obvious, sensible ways to control these side effects. Pair any DACA recipient amnesty with a major upgrade to our system to prevent a new undocumented wave — such as a mandatory extension of E-Verify, the system that lets employers check on the legal status of hires. Curtail the right to bring in distant relatives. Sen. Tom Cotton, R-Ark., has proposed such a compromise — and it would be easy to compromise on his compromise, say by cutting back on chain migration only by the number of people that the new DREAM Act program adds to the citizenry. President Donald Trump could declare a one-time act of mercy for those who came here during the pre-Trump Era of Laxity, but make clear the game was changed for future entrants.

Why wouldn’t Democrats jump at such a deal? For years they’ve been touting “comprehensive immigration reform,” a mix of amnesty with stepped-up enforcement to prevent another surge of people entering the country illegally. But the DREAM Act is not comprehensive. It’s all amnesty, no prevention — let alone any compensating reduction in legal inflows. It’s hard to avoid the thought that Democrats (and Republicans who support the DREAM Act ) aren’t really interested in preventing illegal inflows. They’re not inclined to take Cotton up on his deal because they don’t think they have to.

If they win, we’ll get the compassion without dealing with its consequences. That would be especially unfortunate given the signs that Trump’s immigration crackdown, simply stepping up enforcement of current laws, is already helping to tighten the low end of the labor market and boost wages of low-skilled workers. News organizations are featuring stories from employers who aren’t getting their usual supply of workers in the U.S. illegally and are forced to take radical measures — such as raising wages. Proof of this connection, in the public mind, may be what terrifies the pro-immigration lobby the most.

The Washington Post

Mickey Kaus, the author of “The End of Equality,” writes at http://www.kausfiles.com.

http://www.chicagotribune.com/news/opinion/commentary/ct-perspec-dreamers-daca-narrative-0914-story.html

 September 14

 

It seems like only about a week ago that the White House issued a statement from President Trump arguing that the Deferred Action for Childhood Arrivals program should be ended because, Trump argued, it encouraged illegal immigration and hurt salaries and job prospects for American citizens.

In fact, it was only about a week ago. On Sept. 5, Trump’s attorney general argued that the program — which allows some of those who immigrated to the country illegally as minors to live and work legally in the country — should be ended. The White House issued a statement from Trump bolstering Jeff Sessions’s arguments. The administration sent out talking points encouraging those in the program to use the six months before it ended to prepare to leave the country.

Even that afternoon, however, Trump seemed conflicted. A bit over a week later, his position on DACA has apparently flipped entirely.

Does anybody really want to throw out good, educated and accomplished young people who have jobs, some serving in the military? Really!…..

…They have been in our country for many years through no fault of their own – brought in by parents at young age. Plus BIG border security

There’s a question embedded in those tweets: Who could possibly want to toss these immigrants out of the country (except for the White House a week ago)? And the answer is: A large percentage of the people who elected Donald Trump.

Shortly before Election Day last year, American National Election Studies pollsters interviewed thousands of Americans about their views on a number of political issues, including the issues at the heart of DACA.

What should happen to those who immigrated illegally as children but who met the criteria of the program, the pollsters asked. Most Americans — including most Republicans and Trump voters — thought they should be allowed to stay and work in the country.

Nearly a fifth of Americans, though, thought that those immigrants should be “sent back where they came from” — a percentage powered by nearly 3-in-10 Republicans holding that position.

What’s most important to note in that graph are the last two numbers. Thirty-two percent of Trump general-election voters thought that DACA recipients should be deported. This isn’t a big surprise: Nearly a fifth of Trump voters in November thought that immigration was the most important issue facing the country, according to exit polls.

But notice that the 32 percent of Trump voters supporting deportation is significantly lower than the 40 percent of Trump primary voters who hold that position. Trump’s primary voters — the core base of support that powered him to the Republican nomination and then the presidency — is more supportive of deporting DACA recipients than anyone else.

We’ve made this argument before, but it bears repeating. A hard line on immigration was central to Trump’s candidacy. His comments about Mexican immigrants “bringing crime” and being “rapists” at his campaign launch spurred a public backlash that, in turn, drew a lot of attention to his campaign and his position on immigration — a position that appealed to a lot of conservative voters but which was anathema to mainstream Republicans. The controversy over immigration allowed him to cement the support of a big chunk of the Republican electorate — a chunk large enough to vault him into the lead in the crowded field and, eventually, push him to the nomination.

Marco Rubio would keep Barack Obama’s executive order on amnesty intact. See article. Cannot be President.

http://www.breitbart.com/big-government/2015/11/02/marco-rubio-jorge-ramos-will-keep-obamas-first-executive-amnesty-place-legislative-amnesty-enacted/ 

Photo published for Marco Rubio To Jorge Ramos: I Will Keep Obama's First Executive Amnesty In Place Until Legislative...

Marco Rubio To Jorge Ramos: I Will Keep Obama’s First Executive Amnesty In Place Until Legislative…

“I think it will have to end at some point and I hope it will end because of some reform to the immigration laws,” Rubio said.

breitbart.com

Perhaps Trump is making a more nuanced case reflecting the evolution he himself seems to have gone through over the past week: Once people get to know these kids, to think about the issue in a broader context, they’ll change their minds. Given how fervent opposition to illegal immigration is among a number of conservatives, though, it seems unlikely that those views would shift simply because Trump’s position has. Trump once said that he “could stand in the middle of Fifth Avenue and shoot somebody” without losing any support. That argument has proven to be sound repeatedly. But it’s not clear if Trump could stand in the middle of Fifth Avenue and safely grant residency status to an immigrant here illegally.

Trump expressing bafflement that anyone could want to deport DACA recipients is, in a sense, like Trump wondering aloud if there were actually people who would have supported Trump in July 2015. Trump’s presidency was built on the people who Trump now speculates couldn’t possibly exist.

No wonder those people are now angry.

https://www.washingtonpost.com/news/politics/wp/2017/09/14/you-asked-if-anyone-wants-to-deport-dreamers-president-trump-yes-your-base/?utm_term=.e16b3e26390d

Trump vows to work with Dems to legalize Dreamers, says ‘the wall will come later’

 – The Washington Times – Thursday, September 14, 2017

President Trump said Thursday that he is working with Democratic leaders on a plan to legalize illegal immigrant Dreamers, and said he won’t insist on funding his border wall as part of it, saying that “will come later.”

The president also said GOP leaders in Congress are “very much on board” the deal he’s working with Senate Minority Leader Charles E. Schumer and House Minority Leader Nancy Pelosi.

The two Democrats emerged from a working dinner at the White House Wednesday to say they’d all reached a framework, which would speed a bill to grant Dreamers full legal status, coupled with more border security. But they said the president agreed the wall wouldn’t be part of that security.

White House press secretary Sarah Sanders disputed that version later Wednesday, but Mr. Trump on Thursday agreed with the Democrats’ reading, saying that the wall will not be part of the deal.

“The wall will come later, we’re right now renovating large sections of wall, massive sections, making it brand new,” he said as he departed the White House en route to Florida, where he was to look at hurricane recovery efforts.

Mr. Trump said he will insist on “massive border controls” as part of the Dreamer bill.

http://www.washingtontimes.com/news/2017/sep/14/donald-trump-vows-work-democrats-legalize-dreamers/

‘If we don’t have the wall, we’re doing nothing’: Trump says there WILL eventually be a border wall and there won’t be amnesty for Dreamers

  • Democrats Chuck Schumer and Nancy Pelosi claimed after a dinner at the White House with the president that a DACA deal had been done
  • They said  that Trump agreed to enshrine protections for 800,000 illegal immigrants, aka Dreamers, in a border security package ‘excluding the wall’ 
  • White House press secretary Sarah Sanders later said that there was no agreement on the wall during the meeting
  • President Trump said the same thing in a string of tweets on Thursday morning
  • ‘No deal was made last night on DACA. Massive border security would have to be agreed to in exchange for consent. Would be subject to vote,’ he said 
  • Follow up message: ‘The WALL, which is already under construction in the form of new renovation of old and existing fences and walls, will continue to be built’
  • Trump again pushed Congress to pass legislation protecting the immigrants – but said he wanted ‘BIG border security’
  • As he left the White House, Trump admitted he was ‘fairly close’ to reaching a deal with Democrats that excluded the wall and GOP leader are ‘on board’
  • Pelosi and Schumer released a statement around the same time saying the president’s tweets were not inconsistent with what they said 
  • When he landed in Florida Trump clarified that there will be a wall, just later, when he’s ready for it – and there won’t be amnesty for illegal immigrants 

President Donald Trump says he expects funding for his border wall to pass when he’s ready for it or Republicans will become the obstructionists in Congress.

‘Ultimately, we have to have the wall. If we don’t have the wall, we’re doing nothing,’ Trump reporters from the tarmac when he landed in Florida for a briefing on Hurricane Irma this morning.

The president also denied that he was giving ‘amnesty’ to illegal immigrants who came to the U.S. as children as part of an agreement he’s working on with Democrats.

‘We’re not looking at citizenship. We’re not looking at amnesty. We’re looking at allowing people to stay here. We’re working with everybody, Republican, we’re working with Democrat,’ Trump stated.

President Donald Trump says he expects funding for his border wall to pass when he's ready for it or Republicans will become the obstructionists in Congress. He talked to reporters from the tarmac in Florida

President Donald Trump says he expects funding for his border wall to pass when he’s ready for it or Republicans will become the obstructionists in Congress. He talked to reporters from the tarmac in Florida

His claim about citizenship directly contradicts what the leading House Democrat is saying about a conversation that took place over dinner last night at the White House.

Nancy Pelosi said at a news conference this morning Democrats and Trump have an ‘understanding’ and that people under the DACA program would get a path to citizenship. 

‘It’s in the DACA bill,’ Pelosi said. ‘The path to citizenship … they get way at the end of the line of people who’ve been here fully documented…Just in terms of timing it’s a long way down the road,’ she said.

The president admitted earlier on Thursday as he left the White House for the daylong trip that he discussed a deal with Pelosi and Senate Democratic leader Chuck Schumer to protect illegal immigrants who came to the U.S. as minors from deportation and fund some border security enhancements but not a wall.

Citizenship did not come up in the original dispute. The part of the conversation the White House was quibbling with was about the border wall.

After claiming in early morning tweets that ‘no deal’ had been reached, Trump told reporters awaiting his departure that he was ‘fairly close’ to hammering out an agreement that mirrors the one his White House smacked down last night as a false negotiation.

‘We’re working on a plan for DACA. People want to see that happen. You have 800,000 young people brought here, no fault of their own, so we’re working on a plan, we will see how it works out. But we are going to get massive border security as part of that, and I think something can happen,’ Trump said over the roar of Marine One.

The president explicitly said, ‘The wall will come later.’ He also claimed that House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell are ‘on board’ with the DACA deal he hammered out last night at a private meeting with Democrats.

‘The wall is going to be built, and it will be funded later,’ he asserted.

Trump admitted Thursday as he left the White House for a daylong trip to Florida that he discussed a deal with Democrats to protect illegal immigrants who came to the U.S. as minors from deportation and fund some border security enhancements but not a wall

Trump admitted Thursday as he left the White House for a daylong trip to Florida that he discussed a deal with Democrats to protect illegal immigrants who came to the U.S. as minors from deportation and fund some border security enhancements but not a wall

Trump explained in Florida that funding for the wall would not be a part of the immigration and border security package that’s in the works on Capitol Hill. It’s part of a separate set of budget and spending priorities his administration sent to Congress.

The president said he anticipates that a DACA deal will come to fruition in the next six months, although there is not one now, clarifying a disagreement that erupted last night and has sucked in all of Washington.

After Democratic leaders sent out a statement last night saying they ‘agreed’ with the president on a border package that doesn’t include the wall, news outlets reported that Trump struck a deal with the opposing party and caved on one of his top campaign priorities.

The statement did not say there was a ‘deal.’ It referred to an agreement, though, creating mass confusion about what had actually happened. The White House added to the chaos by claiming in a tweet that Trump did not agree to exclude funding for the border wall from a DACA and border security package.

Except that he did, as acknowledge himself today.

‘It doesn’t have to be here,’ he said of the DACA and border security package, ‘but they can’t obstruct the wall if its in a budget or anything else.’

 The president indicated then that Pelosi and Schumer’s original statement was not inaccurate, it had just been misinterpreted. 

‘There was no deal and they didn’t say they had a deal…they didn’t say that at all,’ he stated.

A debacle for both sides, the DACA ‘deal’ became a major distraction for Trump as he prepared to leave Washington for Florida to survey the damage caused by Hurricane Irma.

Trump said in this early morning tweets that ‘massive border security’ adjustments would have to be on the table for him to make a handshake agreement with Democrats.

‘No deal was made last night on DACA. Massive border security would have to be agreed to in exchange for consent. Would be subject to vote,’ he said in back to back messages. ‘The WALL, which is already under construction in the form of new renovation of old and existing fences and walls, will continue to be built.’

Schumer, the top Senate Democrat, and Pelosi, the head Democrat in the House, said in a joint statement at roughly the same time as Trump was speaking to the press at the White House that his tweets were not inconsistent with what they’d claimed in the Wednesday evening statement.

They said last night after a White House dinner that an agreement had been brokered that would protect the 800,000 immigrants who benefited from former President Barack Obama’s Deferred Action for Childhood Arrivals, or DACA, program.

Trump had put the program on a six-month sunset and urged Congress to pass legislation in that window to keep Dreamers, as they are called, in the U.S. permanently.

The Democratic statement said that Trump agreed to set aside the border wall as part of an agreement to keep Dreamers from being deported.

Hours later, as he spoke to reporters as the White House, Trump seemed to confirm what Pelosi and Schumer had said.

‘We want to get massive border security, and I think that both Nancy Pelosi and Chuck Schumer, I think they agree with it,’ Trump posited. ‘So we met last night, with, as you know, Schumer, Pelosi and a whole group. I think we’re fairly close but we have to get massive border security. ‘

Trump said he’d spoken to McConnell and Ryan since, and they had no qualms with the package that’s under development.

Oh I think he’s on board, yeah, Mitch is on board. Paul Ryan’s on board. We all feel, look, 92 percent of the people agree on DACA, but we want, is we want very, very powerful border security,’ Trump said.

President Donald Trump says he did not make a deal with Democratic leaders to protect illegal immigrants who came to the U.S. as minors from deportation and fund some border security enhancements but not a wall 

President Donald Trump says he did not make a deal with Democratic leaders to protect illegal immigrants who came to the U.S. as minors from deportation and fund some border security enhancements but not a wall

Schumer and Pelosi more or less agreed with Trump’s take on the meeting in a joint statement that hit inboxes as he was talking.

‘President Trump’s Tweets are not inconsistent with the agreement reached last night. As we said last night, there was no final deal, but there was agreement on the following:

‘We agreed that the President would support enshrining DACA protections into law, and encourage the House and Senate to act.

‘What remains to be negotiated are the details of border security, with a mutual goal of finalizing all details as soon as possible. While both sides agreed that the wall would not be any part of this agreement, the President made clear he intends to pursue it at a later time, and we made clear we would continue to oppose it.

‘Both sides agreed that the White House and the Democratic leaders would work out a border security package. Possible proposals were discussed including new technology, drones, air support, sensor equipment, rebuilding roads along the border and the bipartisan McCaul-Thompson bill.’

Pelosi vouched later at a press conference in the Capitol for the president’s overall sincerity, as well.

‘When we’re talking about this legislation to protect the DREAMers, yes I do trust that the president is sincere in understanding that the public supports that overwhelmingly, the public supports not sending these young people back,’ Pelosi said.

It’s the second time in two weeks that Trump has met with Pelosi and Schumer to talk about a deal with the potential to anger conservatives. The first time he met with them Ryan and McConnell were present. The meeting ended with a firm agreement to move forward with a three-month extension of government funding and the debt limit.

Importantly, the deal provided immediate aid to areas affected by Hurricane Harvey.

A joint Democratic statement that hit inboxes at 9:45 pm last night that began the brouhaha over DACA and the border wall said Pelosi and Schumer had a ‘very productive meeting at the White House with the President’ once again.

‘The discussion focused on DACA. We agreed to enshrine the protections of DACA into law quickly, and to work out a package of border security, excluding the wall, that’s acceptable to both sides.’

At 10:21 pm, White House Press Secretary Sarah Huckabee Sanders said they were mistaken.

‘While DACA and border security were both discussed, excluding the wall was certainly not agreed to,’ she tweeted.

Trump followed up in a series of tweets this morning that suggested the joint statement was wrong, too. He defended the Dreamers again – yet said ‘no deal’ had been made.

‘Does anybody really want to throw out good, educated and accomplished young people who have jobs, some serving in the military? Really!’ he said. ‘They have been in our country for many years through no fault of their own – brought in by parents at young age. Plus BIG border security.’

The DACA program provides two-year work permits and protection from deportation to its 800,000 recipients.

Trump said he was ending the program this month and giving Congress six months to come up with a legislative fix before DACA paperwork begins to expire.

Conservatives were quick to point out that previous amnesty deals did not end with immigration overhaul like the one Trump has been pushing.

‘Reagan led with Amnesty, 1986. Bush 43 led with Amnesty ’06, Obama led with Amnesty ’13. All failed so…Trump leads with DACA Amnesty 2017,’ Iowa Rep. Steve King tweeted.

A joint Democratic statement said that Trump agreed to set aside the border wall as part of the agreement. The White House spokeswoman immediately slapped the claim down

A joint Democratic statement said that Trump agreed to set aside the border wall as part of the agreement. The White House spokeswoman immediately slapped the claim down

The deal announced by Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi (picturd on Wednesday) following a White House dinner would enshrine protections for the nearly 800,000 immigrants brought illegally to this country as children

The deal announced by Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi (picturd on Wednesday) following a White House dinner would enshrine protections for the nearly 800,000 immigrants brought illegally to this country as children

The White House initially said the president had had 'a constructive working dinner' with Schumer (pictured), Pelosi and administration officials

The White House had initially claimed that the president had had ‘a constructive working dinner’ with Schumer, Pelosi and administration officials ‘to discuss policy and legislative priorities’ such as DACA.

‘This is a positive step toward the President’s strong commitment to bipartisan solutions for the issues most important to all Americans,’ the White House said.

During a White House meeting earlier in the day with Republicans and Democrats, Trump brought DACA back to the forefront of the discussion.

‘We don’t want to forget DACA,’ Trump said. ‘We want to see if we can do something in a bipartisan fashion so that we can solve the DACA problem and other immigration problems.’

Trump has called Schumer a ‘clown’ and a ‘loser’ in the past, but has turned to the fellow New Yorker more recently to help break through congressional gridlock.

‘More and more we’re trying to work things out together,’ Trump said Wednesday. ‘If you look at some of the greatest legislation ever passed, it was done on a bipartisan manner. And so that’s what we’re going to give a shot.’

White House Press Secretary Sarah Huckabee Sanders said earlier Wednesday that Trump was 'committed to the wall. It doesn't have to be tied to DACA but its important and he will get it done'

White House Press Secretary Sarah Huckabee Sanders said earlier Wednesday that Trump was ‘committed to the wall. It doesn’t have to be tied to DACA but its important and he will get it done’

Trump (pictured on Wednesday) ended the DACA program earlier this month and had given Congress six months to come up with a legislative fix before the statuses of the so-called 'Dreamers' begin to expire

Trump (pictured on Wednesday) ended the DACA program earlier this month and had given Congress six months to come up with a legislative fix before the statuses of the so-called ‘Dreamers’ begin to expire

Sanders said Wednesday that Trump was ‘committed to the wall’ while acknowledging that ‘it doesn’t have to be tied to DACA.’

‘But it’s important and he will get it done,’ she said.

Ryan, the House speaker, told AP Wednesday during an interview that deporting Dreamers was ‘not in our nation’s interest.’ Trump was right to include a six-month sunset in his DACA termination orders.

‘I wanted him to give us time. I didn’t want this to be rescinded on Day One and create chaos,’ Ryan said. Congress how has time to ‘come up with the right kind of consensus and compromise to fix this problem.’

At a news conference on Thursday afternoon, Ryan reiterated his position on a DACA fix.

McConnell said in a paper statement that he and his colleagues ‘look forward’ to Trump’s proposal.

‘As Congress debates the best ways to address illegal immigration through strong border security and interior enforcement, DACA should be part of those discussions. We look forward to receiving the Trump administration’s legislative proposal as we continue our work on these issue,’ the senator said.

http://www.dailymail.co.uk/news/article-4882526/Trump-agrees-deal-Democrats-protect-immigrants.html#ixzz4sgM3IU7l

 

Cruz Is Far Tougher On Illegal Aliens Than Trump, Who Supports “Touchback” Amnesty

In the 2016 GOP primaries, Donald Trump has positioned himself as a hardliner on immigration. The general consensus is that no one is tougher on illegal aliens than Donald Trump. But is that actually the case?

While Trump would work diligently to deport all illegal immigrants-he has even proposed creating a “deportation force”-most would be surprised to learn that he would welcome the non-violent, “good” ones back in on an expedited basis. An expedited basis means line-cutting, and line-cutting means amnesty.

Trump’s specific plan-deportation before amnesty-is known as “touchback” amnesty, which was first proposed in 2007 by some members of Congress but failed after strong opposition from conservatives.

Marc Thiessen has written about it here, and also explains it below:

“My position is very simple. I oppose amnesty. I oppose citizenship. I oppose legalization … Today, tomorrow, forever. I believe in the rule of law.”

Cruz recently made note of the difference between his position and Trump’s:

Some Trump supporters will say that Cruz flip-flopped on a legal status-although Cruz insists that he was inserting a poison pill into the Gang of Eight bill.

If we are going to consider past positions, we can’t forget that Trump said in 2012 that Mitt Romney’s plan for self-deportation was “maniacal” and “mean-spirited.” And in 2013, Trump told a group of DREAMers that they had “convinced” him.

Ultimately voters will have to ask themselves whose immigration policy they prefer, and which candidate they trust.

https://www.redstate.com/diary/southernconstitutionalist/2016/01/11/cruz-far-tougher-illegal-aliens-trump-supports-touchback-amnesty/

 

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The Pronk Pops Show 963, September 13, 2017, Story 1: American Collectivism (Resistance Is Futile) vs. American Individualism (I have not yet begun to fight!) — Federal Income, Capital Gains, Payroll,Estate and Gift Taxes, Budget Deficits, National Debt, Unfunded Liabilities, Democratic and Republican Parties, Two Party Tyranny of The Warfare and Welfare State and American Empire Are The Past — The Future Is Fair Tax Less, Surplus Budgets, No Debts, No Unfunded Liabilities, and American Independence Party with A Peace and Prosperity Economy, Representative Constitutional American Republic Are The Future — Lead, Follow or Get Out of The Way — Those Without Power Cannot Defend Freedom — Videos

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Story 1: American Collectivism (Resistance Is Futile) vs. American Individualism (I have not yet begun to fight!) — Federal Income, Capital Gains, Payroll,Estate and Gift Taxes, Budget Deficits, National Debt, Unfunded Liabilities, Democratic and Republican Parties, Two Party Tyranny of The Warfare and Welfare State and American Empire Are The Past — The Future Is Fair Tax Less, Surplus Budgets, No Debts, No Unfunded Liabilities, and American Independence Party with A Peace and Prosperity Economy, Representative Constitutional American Republic Are The Future — Lead, Follow or Get Out of The Way — Those Without Power Cannot Defend Freedom — Videos

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John Paul Jones (1959)part 8 of 9

John Paul Jones (1959)part 9 of 9

 

Trump hosting Pelosi, Schumer for dinner in extension of Dem outreach

President Trump is taking his outreach to Democrats to a new level, planning to host House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer at the White House for dinner Wednesday night.

The dinner date comes after the president stunned GOP congressional leaders by striking a deal last week with the two senior Democrats for a short-term spending and debt-ceiling deal. While GOP leaders wanted a longer-term package, the deal helped ensure immediate aid to hurricane victims while averting a government shutdown for now.

Now, Trump is trying to jump-start his legislative agenda beginning with tax cuts and tax reform. He had dinner with bipartisan senators Tuesday night.

A source familiar with Wednesday’s planned Pelosi-Schumer dinner told Fox News the meeting will follow up on last week’s sit-down with the Hill leaders.

Schumer, D-N.Y., and Pelosi, D-Calif., are expected to press the president on protections for “dreamers,” young illegal immigrants who had been shielded from deportation under a 2012 Obama administration policy that Trump has since announced he intends to roll back. The Democrats also plan to discuss ways to stabilize the health care markets.

Trump and his aides have defended the president’s new outreach to the minority party – which comes amid some frustration at the White House over the performance of Senate Majority Leader Mitch McConnell, R-Ky., and House Speaker Paul Ryan, R-Wis.

A senior source inside Tuesday’s dinner with bipartisan senators told Fox News that Trump’s new strategy is to meet and work with lawmakers across the aisle — in part, an effort to “shed” the guidance from the Reince Priebus-era where the former chief of staff and his aides held the view that the president should only work with GOP leaders like Ryan and McConnell.

But after the failure of the health care bill and other legislative frustrations, Trump is reverting to a strategy that has worked for him in the past, before his time in the White House. The source said Trump ran an “unconventional campaign” with “unconventional” methods – and the “conventional” methods that were used in the first part of the year were not working for him.

Fox News’ John Roberts, Serafin Gomez and Chad Pergram contributed to this report. 

http://www.foxnews.com/politics/2017/09/13/trump-hosting-pelosi-schumer-for-dinner-in-extension-dem-outreach.html

Consumption tax

From Wikipedia, the free encyclopedia

consumption tax is a tax on spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.

Types

Value-added tax

A value-added tax (VAT) applies to the market value added to a product or material at each stage of its manufacture or distribution. For example, if a retailer buys a shirt for $20 and sells it for $30, this tax would apply to the $10 difference between the two amounts. A simple VAT would be proportional to consumption but would also be regressive on income at higher income levels, as consumption falls as a percentage of income. Savings and investment are tax-deferred until they become consumption. A VAT may exclude certain goods to make it less regressive. It is used in European Union countries.

In AustraliaCanadaNew Zealand and Singapore, it is instead called a Goods and Services Tax (GST). In Canada it is also called Harmonized Sales Tax (HST) when it is combined with a provincial sales tax.

Sales tax

A sales tax typically applies to the sale of goods, sometimes also to the sales of services. The tax is applied at the point of sale. Laws may allow sellers to itemize the tax separately from the price of the goods or services, or they may require it to be included in the price (tax-inclusive). The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax.

Excise tax

An excise tax is a sales tax that applies to a specific class of goods, typically alcohol, gasoline (petrol), or tourism. The tax rate varies according to the type of good and quantity purchased and is typically unaffected by the person who purchases it.

Expenditure tax

A direct, personal consumption tax may take the form of an expenditure tax or an income tax that deducts savings and investments, such as the Hall–Rabushka flat tax.[1] A direct consumption tax may be called an expenditure tax, a cash-flow tax, or a consumed-income tax and can be flat or progressive. Expenditure taxes have been briefly implemented in the past in India and Sri Lanka.[2]

This form of tax applies to the difference between an individual’s income and increase/decrease savings. Like the other consumption taxes, simple personal consumption taxes are regressive with respect to income. However, because this tax applies on an individual basis, it can be made as progressive as a progressive personal income tax. Just as income tax rates increase with personal income, consumption tax rates increase with personal consumption.[3][4]

History

Consumption taxes, specifically excise taxes, have featured in several notable historic events. In the U.S., the stamp tax, the tax on tea, and whisky taxes produced revolts, the first two against the British government and the latter against the nascent American Republic. In India, an excise tax on salt led to Gandhi‘s famous Salt Satyagraha, a seminal moment in his struggle to win independence from the U.K.

United States

In the early U.S., taxes were levied principally on consumption. Alexander Hamilton, one of the two chief authors of the anonymous The Federalist Papers, favored consumption taxes in part because they are harder to raise to “confiscatory” levels than incomes taxes.[5] In The Federalist Papers (No. 21), Hamilton wrote:

It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end proposed—that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty that, “in political arithmetic, two and two do not always make four.” If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.[6]

Although personal and corporate income taxes provide the bulk of revenue to the federal government, consumption taxes continue to be a primary source of income for state and local governments. One of the first detailed proposals of a personal consumption tax was developed in 1974 by William Andrews.[7]

Japan

The Liberal Democratic Party government of Masayoshi Ōhira had attempted to introduce a consumption tax in 1979. Ohira met a lot of opposition within his own party and gave up on his attempt after his party suffered badly in the 1979 election. Ten years later Noboru Takeshita successfully negotiated with politicians, bureaucrats, business and labor unions to introduce a consumption tax,[8] which was introduced at a rate of 3% consumption tax in 1989.

In April 1997[9] under the government of Ryutaro Hashimoto[10] it was increased to 5%.[11] The 5% is made up of a 4% national consumption tax and a 1% local consumption tax.[12] Shortly after the tax was introduced Japan fell into recession,[13] which was blamed by some on the consumption tax increase,[14] and by others on the 1997 Asian financial crisis.

Prime Minister Junichiro Koizumi said he had no intention of raising the tax during his government, but after his massive victory in the 2005 election he lifted a ban on discussing it.[15] Over the following years a number of LDP politicians discussed raising it further, including prime ministers Shinzō Abe,[16] Yasuo Fukuda,[17] and Tarō Asō.[18]

The Democratic Party of Japan (now the DP) came to power in the August 2009 elections with a promise not to raise the consumption tax for four years.[19] The first DPJ prime minister, Yukio Hatoyama was opposed, but Naoto Kan replaced him and called for the consumption tax to be raised. The following prime minister, Yoshihiko Noda “staked his political life” on raising the tax.[20] Despite an internal battle that saw former DPJ leader and co-founder Ichirō Ozawa and many other DPJ diet members vote against the bill and then leave the party; on June 26, 2012, the lower house of the Japanese diet passed a bill to double the tax to 10%.[21]

Despite considerable opposition and an attempted no-confidence motion from minor opposition parties the bill was successfully passed through the upper house on August 10, 2012, so the tax was increased to 8% by April 2014 and will be increased to 10% by October 2019 (twice postponed from the original date of October 2015).[22][23]

Savings effect

Consumption taxes do not tax savings, which allows invested assets to grow more quickly. If, in the absence of taxes, $1 of savings is put aside for retirement at 9% compound interest, savings will grow to $7.86 after 24 years. Alternatively, by assuming a 33% tax rate, the same $1 is reduced to about $0.67 after taxes when earned. The effective interest rate, thereafter, is reduced to 6%, since the rest of the yield is paid in taxes.

After 24 years, the balance increases only to $2.64. The cumulative taxes in the latter case are $0.96. The missing $4.26 is not lost by the economy in any sense, as the $4.26 is what the government would make in interest, if they invested their tax revenue. If the initial investment amount is not taxed when earned, but the earnings are taxed thereafter, the cumulative taxes paid are about the same, but are spread more evenly across the period and the asset grows to more than $4. These results are primarily sensitive to the rate of return. With a 3% return, most of the tax receipts come from the tax on the initial $1.00.

To the extent that taxing something results in less of it (whether income or consumption), taxing consumption instead of income should encourage both work and capital formation, which will increase economic growth, while discouraging consumption.[3][4] Secondly, the tax base will be larger because all consumption will be taxed.

Some critics argue that sales and consumption taxes can shift the tax burden to the less well-off. The ratio of tax obligation shrinks as wealth grows because the wealthy spend proportionally less of their income on consumables.[24] An individual unable to save will pay taxes on 100%, but individuals who save or invest a portion of their income will be taxed only on the remaining income.

Practical considerations

Many proposed consumption taxes share some features with the current income tax systems. Under these proposals, taxpayers would be given exemptions and a standard deduction in order to ensure that the poor do not pay any tax. In a pure consumption tax, other deductions would not be permitted, because all savings would be deductible.[3]

A withholding system might also be put into place in order to estimate the total tax liability. It would be difficult for many taxpayers to pay no tax all year, only to be faced with a large tax bill at the end of the year.

A consumption tax could also eliminate the concept of basis when computing the value of investments. All income that is put in investments (such as property, stocks, savings accounts) is tax-free. As the asset grows in value, it is not taxed. Only when the proceeds from the asset are spent is any tax imposed. This is in contrast with the current system where if one buys land for $10,000 and sells it for $15,000, one has a taxable gain of $5,000. A consumption tax taxes only consumption, so if one sells an investment to buy another investment, no tax is imposed.

Andrews notes the inherent problem with housing. Renters necessarily “consume” housing, so they will be taxed on the expenditure of rent. However, homeowners also consume housing in the same way, but as they pay down a mortgage, the payments are classified as savings, not consumption (because equity is being built in an asset).

The disparity is explained by what is known as the imputed rental value of a home. A homeowner could choose to rent the home to others in exchange for money but instead chooses to live in the home to the exclusion of all possible renters. Therefore, the homeowner is also consuming housing by not permitting renters to pay for and occupy the home. The amount of money that the homeowner could receive in rent is the imputed rental value of the home.

A true consumption tax would tax the imputed rental value of the home (which could be determined in the same way that valuation occurs for property tax purposes) and would not tax the increase in the value of the asset (the home). Andrews proposes to ignore this method of taxing imputed rental values because of its complexity. In the United States, home ownership is subsidized by the federal government by permitting a deduction for mortgage interest expense and exempting a significant increase in value from the capital gains tax. Therefore, treating renters and homeowners identically under a consumption tax may not be feasible there.

Also, a consumption tax could utilize progressive rates in order to maintain “fairness.” The more that someone spends on consumption, the more that the person will be taxed. The rate structure could look like the current bracket system, or a new bracket system could be implemented.

Economic impact

The temporal neutrality of a consumption tax, however, is that consumption itself is taxed, so it is irrelevant what good or service is being consumed in terms of allocation of resources. The only possible effect on neutrality is between consumption and savings. Taxing only consumption should, in theory, cause an increase in savings.[3] William Gale, Co-director of the Urban-Brookings Tax Policy Center, offers a simplified way to understand a consumption tax: Assume that our current tax system remains the same but remove limitations to contributing to and removing funds from a traditional Individual Retirement Account (IRA).

Thus, a person would essentially have a bank account where they could place tax-free earnings at any time, but unsaved (or consumed) withdrawals would be subject to taxation. Having an unrestricted IRA under the current system would approximate a consumption tax at the federal level.

Many economists and tax experts favor consumption taxes over income taxes for economic growth.[25][26][27]

Depending on implementation (such as treatment of depreciation) and circumstances, income taxes either favor or disfavor investment. (On the whole, the US system is thought to disfavor investment.[3]) By not disfavoring investment, a consumption tax might increase the capital stock, productivity, and therefore increase the size of the economy.[3][4] Consumption more closely tracks long-run average income.[4] An individual or a family’s income often varies dramatically from year to year. The sale of a home, a one-time job bonus, and various other events can lead to temporary high income that will push a low or middle income person into a high tax bracket. On the other hand, a wealthy individual may be temporarily unemployed and will pay no taxes.

See also

Notes

  1. Jump up^ The Flat Tax Archived 2010-05-23 at the Wayback Machine., By Robert E. Hall and Alvin Rabushka, Hoover Institution
  2. Jump up^ “Taxation”. Encyclopedia Britannica.
  3. Jump up to:a b c d e f Andrews, Edmund L. (2005-03-04). “Fed’s Chief Gives Consumption Tax Cautious Backing”The New York Times. Retrieved 2008-02-05.
  4. Jump up to:a b c d Auerbach, Alan J (2005-08-25). “A Consumption Tax”The Wall Street Journal. Retrieved 2008-02-05.
  5. Jump up^ Bartlett, Bruce (2002-04-05). “The Founders and the consumption tax”. Townhall.com. Retrieved 2007-08-09.
  6. Jump up^ Federalist Paper No. 21
  7. Jump up^ Andrews, William D. “A Consumption-Type or Cash Flow Personal Income Tax”, 87 Harv. L. Rev. 1113 (1974)
  8. Jump up^ The Daily Yomiuri Website Reflections on Leadership – 2 / Leaders should build network of contacts, keep enemies closeRetrieved on July 4, 2012
  9. Jump up^ The Daily Yomiuri Is the “cash payout plan” the most effective solution for stimulating the economy? Retrieved on July 4, 2012
  10. Jump up^ News Channel Asia Aso says raising consumption tax will not aid Japan’s economy Retrieved on July 4, 2012
  11. Jump up^ Bloomberg website “Japan’s Kan Tackles Sales Tax ‘Taboo’ That Obama Won’t Touch” Retrieved on July 4, 2012
  12. Jump up^ JETRO website Section 3. Taxes in Japan – 3.6 Overview of consumption tax Retrieved on July 4, 2012
  13. Jump up^ East Asia Forum Japan’s aging population and public deficitsRetrieved on July 4, 2012
  14. Jump up^ MSNBC Japan firms want ‘safety first’ on nuclear restarts: pollRetrieved on July 4, 2012
  15. Jump up^ electronic journal of contemporary japanese studies Can the Democratic Party Finally Raise Japan’s Consumption Tax?Archived 2012-07-16 at the Wayback Machine. Retrieved on July 4, 2012
  16. Jump up^ The Japan Times Sales tax hike would need voter OK via Lower House poll Retrieved on July 4, 2012
  17. Jump up^ The Financial Express Fukuda Vows To Continue Reform In Japan Retrieved on July 4, 2012
  18. Jump up^ Reuters Japan PM Aso says consumption tax hike unavoidable Retrieved on July 2012
  19. Jump up^ Asashi Shimbun DPJ’S Governing Fiasco: Party never challenged Finance Ministry Archived 2012-04-07 at the Wayback Machine. Retrieved on July 4, 2012
  20. Jump up^ Forbes magazine For PM Noda: A Week of Political Drama and the Challenge Ahead Retrieved on July 4, 2012
  21. Jump up^ Asahi Shimbun Update: Lower House passes bills to double consumption tax Archived 2013-06-22 at the Wayback Machine. Retrieved on July 4, 2012
  22. Jump up^ Bloomberg website Abe Postpones Japan’s Sales-Tax Hike Until Late in 2019 Retrieved on March 25, 2017
  23. Jump up^ KPMG research Japan – Consumption tax rate increase to be postponed Retrieved on April 23, 2015
  24. Jump up^ Gilbert E. Metcalf. “The National Sales Tax: Who Bears the Burden?
  25. Jump up^ Regnier, Pat (2005-09-07). “Just how fair is the FairTax?”. Money Magazine. Retrieved 2006-07-20.
  26. Jump up^ “Greenspan: Consumption Tax Could Help Economy”. Fox News. 2005-03-03. Retrieved 2008-08-09.
  27. Jump up^ “America the Uncompetitive”. Wall Street Journal. 2008-08-15. Retrieved 2008-09-03.

External links

 

FairTax

From Wikipedia, the free encyclopedia

The FairTax is a proposal to reform the federal tax code of the United States. It would replace all federal income taxes (including the alternative minimum taxcorporate income taxes, and capital gains taxes), payroll taxes(including Social Security and Medicare taxes), gift taxes, and estate taxes with a single broad national consumption tax on retail sales. The Fair Tax Act (H.R. 25/S. 18) would apply a tax, once, at the point of purchase on all new goods and services for personal consumption. The proposal also calls for a monthly payment to all family households of lawful U.S. residents as an advance rebate, or “prebate”, of tax on purchases up to the poverty level.[1][2] First introduced into the United States Congress in 1999, a number of congressional committees have heard testimony on the bill; however, it has not moved from committee and has yet to have any effect on the tax system. In recent years, a tax reform movement has formed behind the FairTax proposal.[3] Attention increased after talk radio personality Neal Boortz and Georgia Congressman John Linder published The FairTax Book in 2005 and additional visibility was gained in the 2008 presidential campaign.

As defined in the proposed legislation, the tax rate is 23% for the first year. This percentage is based on the total amount paid including the tax ($23 out of every $100 spent in total). This would be equivalent to a 30% traditional U.S. sales tax ($23 on top of every $77 spent—$100 total).[4] The rate would automatically adjust annually based on federal receipts in the previous fiscal year.[5] With the rebate taken into consideration, the FairTax would be progressive on consumption,[2] but would also be regressive on income at higher income levels (as consumption falls as a percentage of income).[6][7] Opponents argue this would accordingly decrease the tax burdenon high-income earners and increase it on the middle class.[4][8] Supporters contend that the plan would effectively tax wealth, increase purchasing power[9][10] and decrease tax burdens by broadening the tax base.

The plan’s supporters state that a consumption tax would increase savings and investment, ease tax compliance and increase economic growth, increase incentives for international business to locate in the US and increase US competitiveness in international trade.[11][12][13] The plan is intended to increase cost transparency for funding the federal government. Supporters believe it would increase civil liberties, benefit the environment and effectively tax illegal activity and undocumented immigrants.[11][14] Opponents contend that a consumption tax of this size would be extremely difficult to collect, and would lead to pervasive tax evasion.[4][6] They also argue that the proposed sales tax rate would raise less revenue than the current tax system, leading to an increased budget deficit.[4][15] Other concerns include the proposed repeal of the Sixteenth Amendment, removal of tax deduction incentives, transition effects on after-tax savings, incentives on credit use and the loss of tax advantages to state and local bonds.

Legislative overview and history

Rep John Linder holding the 133 page Fair Tax Act of 2007 in contrast to the then-current U.S. tax code and IRS regulations.

The legislation would remove the Internal Revenue Service (after three years), and establish Excise Tax and Sales Tax bureaus in the Department of the Treasury.[16] The states are granted the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. The plan was created by Americans For Fair Taxation, an advocacy group formed to change the tax system. The group states that, together with economists, it developed the plan and the name “Fair Tax”, based on interviews, polls, and focus groups of the general public.[4] The FairTax legislation has been introduced in the House by Georgia Republicans John Linder (1999–2010) and Rob Woodall (2011–2014),[17] while being introduced in the Senate by Georgia Republican Saxby Chambliss (2003–2014).

Linder first introduced the Fair Tax Act (H.R. 2525) on July 14, 1999, to the 106th United States Congress and a substantially similar bill has been reintroduced in each subsequent session of Congress. The bill attracted a total of 56 House and Senate cosponsors in the 108th Congress,[18][19] 61 in the 109th,[20][21] 76 in the 110th,[22][23] 70 in the 111th,[24][25] 78 in the 112th,[26][27] 83 in the 113th (H.R. 25/S. 122), 81 in the 114th (H.R. 25/S. 155), and 46 in the 115th (H.R. 25/S. 18). Former Speaker of the House Dennis Hastert (Republican) had cosponsored the bill in the 109th–110th Congress, but it has not received support from the Democratic leadership.[21][22][28] Democratic Representative Collin Peterson of Minnesota and Democratic Senator Zell Miller of Georgia cosponsored and introduced the bill in the 108th Congress, but Peterson is no longer cosponsoring the bill and Miller has left the Senate.[18][19] In the 109th–111th Congress, Representative Dan Boren has been the only Democrat to cosponsor the bill.[20][22] A number of congressional committees have heard testimony on the FairTax, but it has not moved from committee since its introduction in 1999. The legislation was also discussed with President George W. Bush and his Secretary of the Treasury Henry M. Paulson.[29]

To become law, the bill will need to be included in a final version of tax legislation from the U.S. House Committee on Ways and Means, pass both the House and the Senate, and finally be signed by the President. In 2005, President Bush established an advisory panel on tax reform that examined several national sales tax variants including aspects of the FairTax and noted several concerns. These included uncertainties as to the revenue that would be generated, and difficulties of enforcement and administration, which made this type of tax undesirable to recommend in their final report.[8] The panel did not examine the FairTax as proposed in the legislation. The FairTax received visibility in the 2008 presidential election on the issue of taxes and the IRS, with several candidates supporting the bill.[30][31] A poll in 2009 by Rasmussen Reports found that 43% of Americans would support a national sales tax replacement, with 38% opposed to the idea; the sales tax was viewed as fairer by 52% of Republicans, 44% of Democrats, and 49% of unaffiliateds.[32] President Barack Obama did not support the bill,[33] arguing for more progressive changes to the income and payroll tax systems. President Donald Trump has proposed to lower overall income taxation and reduce the number of tax brackets from seven to three.

Tax rate

The sales tax rate, as defined in the legislation for the first year, is 23% of the total payment including the tax ($23 of every $100 spent in total—calculated similar to income taxes). This would be equivalent to a 30% traditional U.S. sales tax ($23 on top of every $77 spent—$100 total, or $30 on top of every $100 spent—$130 total).[4] After the first year of implementation, this rate is automatically adjusted annually using a predefined formula reflecting actual federal receipts in the previous fiscal year.

The effective tax rate for any household would be variable due to the fixed monthly tax rebate that are used to rebate taxes paid on purchases up to the poverty level.[2] The tax would be levied on all U.S. retail sales for personal consumption on new goods and services. Critics argue that the sales tax rate defined in the legislation would not be revenue neutral (that is, it would collect less for the government than the current tax system), and thus would increase the budget deficit, unless government spending were equally reduced.[4]

Sales tax rate

During the first year of implementation, the FairTax legislation would apply a 23% federal retail sales tax on the total transaction value of a purchase; in other words, consumers pay to the government 23 cents of every dollar spent in total (sometimes called tax-inclusive, and presented this way to provide a direct comparison with individual income and employment taxes which reduce a person’s available money before they can make purchases). The equivalent assessed tax rate is 30% if the FairTax is applied to the pre-tax price of a good like traditional U.S. state sales taxes (sometimes called tax-exclusive; this rate is not directly comparable with existing income and employment taxes).[4] After the first year of implementation, this tax rate would be automatically adjusted annually using a formula specified in the legislation that reflects actual federal receipts in the previous fiscal year.[5]

Effective tax rate

A household’s effective tax rate on consumption would vary with the annual expenditures on taxable items and the fixed monthly tax rebate. The rebate would have the greatest effect at low spending levels, where they could lower a household’s effective rate to zero or below.[9] The lowest effective tax rate under the FairTax could be negative due to the rebate for households with annual spending amounts below poverty level spending for a specified household size. At higher spending levels, the rebate has less impact, and a household’s effective tax rate would approach 23% of total spending.[9] A person spending at the poverty level would have an effective tax rate of 0%, whereas someone spending at four times the poverty level would have an effective tax rate of 17.2%. Buying or otherwise receiving items and services not subject to federal taxation (such as a used home or car) can contribute towards a lower effective tax rate. The total amount of spending and the proportion of spending allocated to taxable items would determine a household’s effective tax rate on consumption. If a rate is calculated on income, instead of the tax base, the percentage could exceed the statutory tax rate in a given year.

Monthly tax rebate

Proposed 2015 FairTax Prebate Schedule[34]
One adult household Two adult household
Family
Size
Annual
Consumption
Allowance
Annual
Prebate
Monthly
Prebate
Family
Size
Annual
Consumption
Allowance
Annual
Prebate
Monthly
Prebate
1 person $11,770 $2,707 $226 couple $23,540 $5,414 $451
and 1 child $15,930 $3,664 $305 and 1 child $27,700 $6,371 $531
and 2 children $20,090 $4,621 $385 and 2 children $31,860 $7,328 $611
and 3 children $24,250 $5,578 $465 and 3 children $36,020 $8,285 $690
and 4 children $28,410 $6,534 $545 and 4 children $40,180 $9,241 $770
and 5 children $32,570 $7,491 $624 and 5 children $44,340 $10,198 $850
and 6 children $36,490 $8,393 $699 and 6 children $48,500 $11,155 $930
and 7 children $40,890 $9,405 $784 and 7 children $52,660 $12,112 $1,009
The annual consumption allowance is based on the 2015 DHHS Poverty Guidelines as published in the Federal Register, January 22, 2015. There is no marriage penalty as the couple amount is twice the amount that a single adult receives. For families/households with more than 8 persons, add $4,160 to the annual consumption allowance for each additional person. The annual consumption allowance is the amount of spending that is “untaxed” under the FairTax.

Under the FairTax, family households of lawful U.S. residents would be eligible to receive a “Family Consumption Allowance” (FCA) based on family size (regardless of income) that is equal to the estimated total FairTax paid on poverty level spending according to the poverty guidelines published by the U.S. Department of Health and Human Services.[1] The FCA is a tax rebate (known as a “prebate” as it would be an advance) paid in twelve monthly installments, adjusted for inflation. The rebate is meant to eliminate the taxation of household necessities and make the plan progressive.[4] Households would register once a year with their sales tax administering authority, providing the names and social security numbers of each household member.[1] The Social Security Administration would disburse the monthly rebate payments in the form of a paper check via U.S. Mail, an electronic funds transfer to a bank account, or a “smartcard” that can be used like a debit card.[1]

Opponents of the plan criticize this tax rebate due to its costs. Economists at the Beacon Hill Institute estimated the overall rebate cost to be $489 billion (assuming 100% participation).[35] In addition, economist Bruce Bartlett has argued that the rebate would create a large opportunity for fraud,[36] treats children disparately, and would constitute a welfare payment regardless of need.[37]

The President’s Advisory Panel for Federal Tax Reform cited the rebate as one of their chief concerns when analyzing their national sales tax, stating that it would be the largest entitlement program in American history, and contending that it would “make most American families dependent on monthly checks from the federal government”.[8][38] Estimated by the advisory panel at approximately $600 billion, “the Prebate program would cost more than all budgeted spending in 2006 on the Departments of Agriculture, Commerce, Defense, Education, Energy, Homeland Security, Housing and Urban Development, and Interior combined.”[8] Proponents point out that income tax deductions, tax preferences, loopholescredits, etc. under the current system was estimated at $945 billion by the Joint Committee on Taxation.[35] They argue this is $456 billion more than the FairTax “entitlement” (tax refund) would spend to cover each person’s tax expenses up to the poverty level. In addition, it was estimated for 2005 that the Internal Revenue Service was already sending out $270 billion in refund checks.[35]

Presentation of tax rate

Mathematically, a 23% tax out of $100 yields approximately the same as a 30% tax on $77.

Sales and income taxes behave differently due to differing definitions of tax base, which can make comparisons between the two confusing. Under the existing individual income plus employment (Social Security; Medicare; Medicaid) tax formula, taxes to be paid are included in the base on which the tax rate is imposed (known as tax-inclusive). If an individual’s gross income is $100 and the sum of their income plus employment tax rate is 23%, taxes owed equals $23. Traditional state sales taxes are imposed on a tax base equal to the pre-tax portion of a good’s price (known as tax-exclusive). A good priced at $77 with a 30% sales tax rate yields $23 in taxes owed. To adjust an inclusive rate to an exclusive rate, divide the given rate by one minus that rate (i.e. {\displaystyle 0.23/(1-0.23)=0.23/0.77=0.30}{\displaystyle 0.23/(1-0.23)=0.23/0.77=0.30}).

The FairTax statutory rate, unlike most U.S. state-level sales taxes, is presented on a tax base that includes the amount of FairTax paid. For example, a final after-tax price of $100 includes $23 of taxes. Although no such requirement is included in the text of the legislation, Congressman John Linder has stated that the FairTax would be implemented as an inclusive tax, which would include the tax in the retail price, not added on at checkout—an item on the shelf for five dollars would be five dollars total.[29][39] The legislation requires the receipt to display the tax as 23% of the total.[40] Linder states the FairTax is presented as a 23% tax rate for easy comparison to income and employment tax rates (the taxes it would be replacing). The plan’s opponents call the semantics deceptive. FactCheck called the presentation misleading, saying that it hides the real truth of the tax rate.[41] Bruce Bartlett stated that polls show tax reform support is extremely sensitive to the proposed rate,[37] and called the presentation confusing and deceptive based on the conventional method of calculating sales taxes.[42] Proponents believe it is both inaccurate and misleading to say that an income tax is 23% and the FairTax is 30% as it implies that the sales tax burden is higher.

Revenue neutrality

A key question surrounding the FairTax is whether the tax has the ability to be revenue-neutral; that is, whether the tax would result in an increase or reduction in overall federal tax revenues. Economists, advisory groups, and political advocacy groups disagree about the tax rate required for the FairTax to be truly revenue-neutral. Various analysts use different assumptions, time-frames, and methods resulting in dramatically different tax rates making direct comparison among the studies difficult. The choice between static or dynamic scoring further complicates any estimate of revenue-neutral rates.[43]

A 2006 study published in Tax Notes by the Beacon Hill Institute at Suffolk University and Dr. Laurence Kotlikoff estimated the FairTax would be revenue-neutral for the tax year 2007 at a rate of 23.82% (31.27% tax-exclusive).[44] The study states that purchasing power is transferred to state and local taxpayers from state and local governments. To recapture the lost revenue, state and local governments would have to raise tax rates or otherwise change tax laws in order to continue collecting the same real revenues from their taxpayers.[38][44] The Argus Group and Arduin, Laffer & Moore Econometrics each published an analysis that defended the 23% rate.[45][46][47] While proponents of the FairTax concede that the above studies did not explicitly account for tax evasion, they also claim that the studies did not altogether ignore tax evasion under the FairTax. These studies presumably incorporated some degree of tax evasion in their calculations by using National Income and Product Account based figures, which is argued to understate total household consumption.[44] The studies also did not account for capital gains that may be realized by the U.S. government if consumer prices were allowed to rise, which would reduce the real value of nominal U.S. government debt.[44] Nor did these studies account for any increased economic growth that many economists researching the plan believe would occur.[44][47][48][49]

In contrast to the above studies, William G. Gale of the Brookings Institution published a study in Tax Notes that estimated a rate of 28.2% (39.3% tax-exclusive) for 2007 assuming full taxpayer compliance and an average rate of 31% (44% tax-exclusive) from 2006 to 2015 (assumes that the Bush tax cuts expire on schedule and accounts for the replacement of an additional $3 trillion collected through the Alternative Minimum Tax).[4][15][50] The study also concluded that if the tax base were eroded by 10% due to tax evasion, tax avoidance, and/or legislative adjustments, the average rate would be 34% (53% tax-exclusive) for the 10-year period. A dynamic analysis in 2008 by the Baker Institute For Public Policy concluded that a 28% (38.9% tax-exclusive) rate would be revenue neutral for 2006.[51] The President’s Advisory Panel for Federal Tax Reform performed a 2006 analysis to replace the individual and corporate income tax with a retail sales tax and estimated the rate to be 25% (34% tax-exclusive) assuming 15% tax evasion, and 33% (49% tax-exclusive) with 30% tax evasion.[8] The rate would need to be substantially higher to replace the additional taxes replaced by the FairTax (payroll, estate, and gift taxes). Several economists criticized the President’s Advisory Panel’s study as having allegedly altered the terms of the FairTax, using unsound methodology, and/or failing to fully explain their calculations.[35][44][52]

Taxable items and exemptions

The tax would be levied once at the final retail sale for personal consumption on new goods and services. Purchases of used items, exports and all business transactions would not be taxed. Also excluded are investments, such as purchases of stock, corporate mergers and acquisitions and capital investmentsSavings and education tuition expenses would be exempt as they would be considered an investment (rather than final consumption).[53]

A good would be considered “used” and not taxable if a consumer already owns it before the FairTax takes effect or if the FairTax has been paid previously on the good, which may be different from the item being sold previously. Personal services such as health care, legal services, financial services, and auto repairs would be subject to the FairTax, as would renting apartments and other real property.[4] Food, clothing, prescription drugs and medical services would be taxed. (State sales taxes generally exempt these types of basic-need items in an effort to reduce the tax burden on low-income families. The FairTax would use a monthly rebate system instead of the common state exclusions.) Internet purchases would be taxed, as would retail international purchases (such as a boat or car) that are imported to the United States (collected by the U.S. Customs and Border Protection).[53]

Distribution of tax burden

Boston University study of the FairTax. Lower rates claimed on workers from a larger tax base, replacing regressive taxes, and wealth taxation.

President’s Advisory Panel’sanalysis of a hybrid National Sales Tax. Higher rates claimed on the middle-class for an income tax replacement (excludes payroll, estate, and gift taxes replaced under the FairTax).

The FairTax’s effect on the distribution of taxation or tax incidence (the effect on the distribution of economic welfare) is a point of dispute. The plan’s supporters argue that the tax would broaden the tax base, that it would be progressive, and that it would decrease tax burdens and start taxing wealth (reducing the economic gap).[9] Opponents argue that a national sales tax would be inherently regressive and would decrease tax burdens paid by high-income individuals.[4][54] A person earning $2 million a year could live well spending $1 million, and as a result pay a mere 11% of that year’s income in taxes.[4] Households at the lower end of the income scale spend almost all their income, while households at the higher end are more likely to devote a portion of income to saving. Therefore, according to economist William G. Gale, the percentage of income taxed is regressive at higher income levels (as consumption falls as a percentage of income).[6]

Income earned and saved would not be taxed until spent under the proposal. Households at the extreme high end of consumption often finance their purchases out of savings, not income.[6][37] Economist Laurence Kotlikoff states that the FairTax could make the tax system much more progressive and generationally equitable,[2] and argues that taxing consumption is effectively the same as taxing wages plus taxing wealth.[2] A household of three persons (this example will use two adults plus one child; the rebate does not consider marital status) spending $30,000 a year on taxable items would devote about 3.4% of total spending ([$6,900 tax minus $5,888 rebate]/$30,000 spending) to the FairTax after the rebate. The same household spending $125,000 on taxable items would spend around 18.3% ([$28,750 tax minus $5,888 rebate]/$125,000 spending) on the FairTax. At higher spending levels, the rebate has less impact and the rate approaches 23% of total spending. Thus, according to economist Laurence Kotlikoff, the effective tax rate is progressive on consumption.[2]

Studies by Kotlikoff and David Rapson state that the FairTax would significantly reduce marginal taxes on work and saving, lowering overall average remaining lifetime tax burdens on current and future workers.[9][55] A study by Kotlikoff and Sabine Jokisch concluded that the long-term effects of the FairTax would reward low-income households with 26.3% more purchasing power, middle-income households with 12.4% more purchasing power, and high-income households with 5% more purchasing power.[10] The Beacon Hill Institute reported that the FairTax would make the federal tax system more progressive and would benefit the average individual in almost all expenditures deciles.[7] In another study, they state the FairTax would offer the broadest tax base (an increase of over $2 trillion), which allows the FairTax to have a lower tax rate than current tax law.[56]

Gale analyzed a national sales tax (though different from the FairTax in several aspects[7][45]) and reported that the overall tax burden on middle-income Americans would increase while the tax burden on the top 1% would drop.[6] A study by the Beacon Hill Institute reported that the FairTax may have a negative effect on the well-being of mid-income earners for several years after implementation.[49] According to the President’s Advisory Panel for Federal Tax Reform report, which compared the individual and corporate income tax (excluding other taxes the FairTax replaces) to a sales tax with rebate,[8][35] the percentage of federal taxes paid by those earning from $15,000–$50,000 would rise from 3.6% to 6.7%, while the burden on those earning more than $200,000 would fall from 53.5% to 45.9%.[8] The report states that the top 5% of earners would see their burden decrease from 58.6% to 37.4%.[8][57]FairTax supporters argue that replacing the regressive payroll tax (a 15.3% total tax not included in the Tax Panel study;[8] payroll taxes include a 12.4% Social Security tax on wages up to $97,500 and a 2.9% Medicare tax, a 15.3% total tax that is often split between employee and employer) greatly changes the tax distribution, and that the FairTax would relieve the tax burden on middle-class workers.[2][52]

Predicted effects

The predicted effects of the FairTax are a source of disagreement among economists and other analysts.[41][42][54] According to Money magazine, while many economists and tax experts support the idea of a consumption tax, many of them view the FairTax proposal as having serious problems with evasion and revenue neutrality.[4] Some economists argue that a consumption tax (the FairTax is one such tax) would have a positive effect on economic growth, incentives for international business to locate in the U.S., and increased U.S. international competitiveness (border tax adjustment in global trade).[11][12][13] The FairTax would be tax-free on mortgage interest (up to a basic interest rate) and donations, but some lawmakers have concerns about losing tax incentives on home ownership and charitable contributions.[58] There is also concern about the effect on the income tax industry and the difficulty of repealing the Sixteenth Amendment (to prevent Congress from re-introducing an income tax).[59]

Economic

Americans For Fair Taxation states the FairTax would boost the United States economy and offers a letter signed by eighty economists, including Nobel Laureate Vernon L. Smith, that have endorsed the plan.[12] The Beacon Hill Institute estimated that within five years real GDP would increase 10.7% over the current system, domestic investment by 86.3%, capital stock by 9.3%, employment by 9.9%, real wages by 10.2%, and consumption by 1.8%.[49] Arduin, Laffer & Moore Econometrics projected the economy as measured by GDP would be 2.4% higher in the first year and 11.3% higher by the 10th year than it would otherwise be.[47] Economists Laurence Kotlikoff and Sabine Jokisch reported the incentive to work and save would increase; by 2030, the economy’s capital stock would increase by 43.7% over the current system, output by 9.4%, and real wages by 11.5%.[10] Economist John Golob estimates a consumption tax, like the FairTax, would bring long-term interest rates down by 25–35%.[60] An analysis in 2008 by the Baker Institute For Public Policyindicated that the plan would generate significant overall macroeconomic improvement in both the short and long-term, but warned of transitional issues.[51]

FairTax proponents argue that the proposal would provide tax burden visibility and reduce compliance and efficiency costs by 90%, returning a large share of money to the productive economy.[2] The Beacon Hill Institute concluded that the FairTax would save $346.51 billion in administrative costs and would be a much more efficient taxation system.[61] Bill Archer, former head of the House Ways and Means Committee, asked Princeton University Econometrics to survey 500 European and Asian companies regarding the effect on their business decisions if the United States enacted the FairTax. 400 of those companies stated they would build their next plant in the United States, and 100 companies said they would move their corporate headquarters to the United States.[62] Supporters argue that the U.S. has the highest combined statutory corporate income tax rate among OECD countries along with being the only country with no border adjustment element in its tax system.[63][64] Proponents state that because the FairTax eliminates corporate income taxes and is automatically border adjustable, the competitive tax advantage of foreign producers would be eliminated, immediately boosting U.S. competitiveness overseas and at home.[65]

Opponents point to a study commissioned by the National Retail Federation in 2000 that found a national sales tax bill filed by Billy Tauzin, the Individual Tax Freedom Act (H.R. 2717), would bring a three-year decline in the economy, a four-year decline in employment and an eight-year decline in consumer spending.[66] Wall Street Journal columnist James Taranto states the FairTax is unsuited to take advantage of supply-side effects and would create a powerful disincentive to spend money.[54] John Linder states an estimated $11 trillion is held in foreign accounts (largely for tax purposes), which he states would be repatriated back to U.S. banks if the FairTax were enacted, becoming available to U.S. capital markets, bringing down interest rates, and otherwise promoting economic growth in the United States.[11] Attorney Allen Buckley states that a tremendous amount of wealth was already repatriated under law changes in 2004 and 2005.[67] Buckley also argues that if the tax rate was significantly higher, the FairTax would discourage the consumption of new goods and hurt economic growth.[67]

Transition

Stability of the tax base: a comparison of personal consumption expenditures and adjusted gross income

During the transition, many or most of the employees of the IRS (105,978 in 2005)[68] would face loss of employment.[44] The Beacon Hill Institute estimate is that the federal government would be able to cut $8 billion from the IRS budget of $11.01 billion (in 2007), reducing the size of federal tax administration by 73%.[44] In addition, income tax preparers (many seasonal), tax lawyers, tax compliance staff in medium-to-large businesses, and software companies which sell tax preparation software could face significant drops, changes, or loss of employment. The bill would maintain the IRS for three years after implementation before completely decommissioning the agency, providing employees time to find other employment.[16]

In the period before the FairTax is implemented, there could be a strong incentive for individuals to buy goods without the sales tax using credit. After the FairTax is in effect, the credit could be paid off using untaxed payroll. If credit incentives do not change, opponents of the FairTax worry it could exacerbate an existing consumer debt problem. Proponents of the FairTax state that this effect could also allow individuals to pay off their existing (pre-FairTax) debt more quickly,[11] and studies suggest lower interest rates after FairTax passage.[60]

Individuals under the current system who accumulated savings from ordinary income (by choosing not to spend their money when the income was earned) paid taxes on that income before it was placed in savings (such as a Roth IRA or CD). When individuals spend above the poverty level with money saved under the current system, that spending would be subject to the FairTax. People living through the transition may find both their earnings and their spending taxed.[69] Critics have stated that the FairTax would result in unfair double taxation for savers and suggest it does not address the transition effect on some taxpayers who have accumulated significant savings from after-tax dollars, especially retirees who have finished their careers and switched to spending down their life savings.[38][69] Supporters of the plan argue that the current system is no different, since compliance costs and “hidden taxes” embedded in the prices of goods and services cause savings to be “taxed” a second time already when spent.[69] The rebate would supplement accrued savings, covering taxes up to the poverty level. The income taxes on capital gains, estates, social security and pension benefits would be eliminated under FairTax. In addition, the FairTax legislation adjusts Social Security benefits for changes in the price level, so a percentage increase in prices would result in an equal percentage increase to Social Security income.[16] Supporters suggest these changes would offset paying the FairTax under transition conditions.[11]

Other indirect effects

The FairTax would be tax free on mortgage interest up to the federal borrowing rate for like-term instruments as determined by the Treasury,[70] but since savings, education, and other investments would be tax free under the plan, the FairTax could decrease the incentive to spend more on homes. An analysis in 2008 by the Baker Institute For Public Policy concluded that the FairTax would have significant transitional issues for the housing sector since the investment would no longer be tax-favored.[51] In a 2007 study, the Beacon Hill Institute concluded that total charitable giving would increase under the FairTax, although increases in giving would not be distributed proportionately amongst the various types of charitable organizations.[71] The FairTax may also affect state and local government debt as the federal income tax system provides tax advantages to municipal bonds.[72] Proponents believe environmental benefits would result from the FairTax through environmental economics and the re-use and re-sale of used goods. Advocates argue the FairTax would provide an incentive for illegal immigrants to legalize as they would otherwise not receive the rebate.[1][11] Proponents also believe that the FairTax would have positive effects on civil liberties that are sometimes charged against the income tax system, such as social inequalityeconomic inequalityfinancial privacyself-incriminationunreasonable search and seizureburden of proof, and due process.[14]

If the FairTax bill were passed, permanent elimination of income taxation would not be guaranteed; the FairTax bill would repeal much of the existing tax code, but the Sixteenth Amendment would remain in place. Preventing new legislation from reintroducing income taxation would require a repeal of the Sixteenth Amendment to the United States Constitution with a separate provision expressly prohibiting a federal income tax.[59] This is referred to as an “aggressive repeal”. Separate income taxes enforced by individual states would be unaffected by the federal repeal. Passing the FairTax would require only a simple majority in each house of the United States Congress along with the signature of the President, whereas enactment of a constitutional amendment must be approved by two thirds of each house of the Congress, and three-quarters of the individual U.S. states. It is therefore possible that passage of the FairTax bill would simply add another taxation system. If a new income tax bill were passed after the FairTax passage, a hybrid system could develop; albeit, there is nothing preventing a bill for a hybrid system today. To address this issue and preclude that possibility, in the 111th Congress John Linder introduced a contingent sunset provision in H.R. 25. It would require the repeal of the Sixteenth Amendment within 8 years after the implementation of the FairTax or, failing that, the FairTax would expire.[73] Critics have also argued that a tax on state government consumption could be unconstitutional.[67]

Changes in the retail economy

Since the FairTax would not tax used goods, the value would be determined by the supply and demand in relation to new goods.[74] The price differential/margins between used and new goods would stay consistent, as the cost and value of used goods are in direct relationship to the cost and value of the new goods. Because the U.S. tax system has a hidden effect on prices, it is expected that moving to the FairTax would decrease production costs from the removal of business taxes and compliance costs, which is predicted to offset a portion of the FairTax effect on prices.[11]

Value of used goods

Since the FairTax would not tax used goods, some critics have argued that this would create a differential between the price of new and used goods, which may take years to equalize.[37] Such a differential would certainly influence the sale of new goods like vehicles and homes. Similarly, some supporters have claimed that this would create an incentive to buy used goods, creating environmental benefits of re-use and re-sale. Conversely, it is argued that like the income tax system that contains embedded tax cost (see Theories of retail pricing),[75] used goods would contain the embedded FairTax cost.[69] While the FairTax would not be applied to the retail sales of used goods, the inherent value of a used good includes the taxes paid when the good was sold at retail. The value is determined by the supply and demand in relation to new goods.[74] The price differential / margins between used and new goods should stay consistent, as the cost and value of used goods are in direct relationship to the cost and value of the new goods.

Theories of retail pricing

supply and demand diagram illustrating taxes’ effect on prices.

Based on a study conducted by Dale Jorgenson, proponents state that production cost of domestic goods and services could decrease by approximately 22% on average after embedded tax costs are removed, leaving the sale nearly the same after taxes. The study concludes that producer prices would drop between 15% and 26% (depending on the type of good/service).[76] Jorgenson’s research included all income and payroll taxes in the embedded tax estimation, which assumes employee take-home pay (net income) remains unchanged from pre-FairTax levels.[4][77] Price and wage changes after the FairTax would largely depend on the response of the Federal Reservemonetary authorities.[29][37][78] Non-accommodation of the money supply would suggest retail prices and take home pay stay the same—embedded taxes are replaced by the FairTax. Full accommodation would suggest prices and incomes rise by the exclusive rate (i.e., 30%)—embedded taxes become windfall gains. Partial accommodation would suggest a varying degree in-between.[29][78]

If businesses provided employees with gross pay (including income tax withholding and the employee share of payroll taxes),[44] Arduin, Laffer & Moore Econometrics estimated production costs could decrease by a minimum of 11.55% (partial accommodation).[47] This reduction would be from the removal of the remaining embedded costs, including corporate taxes, compliance costs, and the employer share of payroll taxes. This decrease would offset a portion of the FairTax amount reflected in retail prices, which proponents suggest as the most likely scenario.[29] Bruce Bartlett states that it is unlikely that nominal wages would be reduced, which he believes would result in a recession, but that the Federal Reserve would likely increase the money supply to accommodate price increases.[37] David Tuerck states “The monetary authorities would have to consider how the degree of accommodation, varying from none to full, would affect the overall economy and how it would affect the well-being of various groups such as retirees.”[78]

Social Security benefits would be adjusted for any price changes due to FairTax implementation.[16] The Beacon Hill Institute states that it would not matter, apart from transition issues, whether prices fall or rise—the relative tax burden and tax rate remains the same.[44] Decreases in production cost would not fully apply to imported products; so according to proponents, it would provide tax advantages for domestic production and increase U.S. competitiveness in global trade (see Border adjustability). To ease the transition, U.S. retailers will receive a tax credit equal to the FairTax on their inventory to allow for quick cost reduction. Retailers would also receive an administrative fee equal to the greater of $200 or 0.25% of the remitted tax as compensation for compliance costs,[79] which amounts to around $5 billion.

Effects on tax code compliance

One avenue for non-compliance is the black market. FairTax supporters state that the black market is largely untaxed under the current tax system. Economists estimate the underground economy in the United States to be between one and three trillion dollars annually.[80][81] By imposing a sales tax, supporters argue that black market activity would be taxed when proceeds from such activity are spent on legal consumption.[82] For example, the sale of illegal narcotics would remain untaxed (instead of being guilty of income tax evasion, drug dealers would be guilty of failing to submit sales tax), but they would face taxation when they used drug proceeds to buy consumer goods such as food, clothing, and cars. By taxing this previously untaxed money, FairTax supporters argue that non-filers would be paying part of their share of what would otherwise be uncollected income and payroll taxes.[11][83]

Other economists and analysts have argued that the underground economy would continue to bear the same tax burden as before.[13][82][83][84] They state that replacing the current tax system with a consumption tax would not change the tax revenue generated from the underground economy—while illicit income is not taxed directly, spending of income from illicit activity results in business income and wages that are taxed.[13][82][83]

Tax compliance and evasion

“No, No! Not That Way”—Political cartoon from 1933 commenting on a general sales tax over an income tax.

Proponents state the FairTax would reduce the number of tax filers by about 86% (from 100 million to 14 million) and reduce the filing complexity to a simplified state sales tax form.[52] The Government Accountability Office (GAO), among others, have specifically identified the negative relationship between compliance costs and the number of focal points for collection.[85] Under the FairTax, the federal government would be able to concentrate tax enforcement efforts on a single tax. Retailers would receive an administrative fee equal to the greater of $200 or 0.25% of the remitted tax as compensation for compliance costs.[79] In addition, supporters state that the overwhelming majority of purchases occur in major retail outlets, which are very unlikely to evade the FairTax and risk losing their business licenses.[44] Economic Census figures for 2002 show that 48.5% of merchandise sales are made by just 688 businesses (“Big-Box” retailers). 85.7% of all retail sales are made by 92,334 businesses, which is 3.6% of American companies. In the service sector, approximately 80% of sales are made by 1.2% of U.S. businesses.[29]

The FairTax is a national tax, but can be administered by the states rather than a federal agency,[86] which may have a bearing on compliance as the states’ own agencies could monitor and audit businesses within that state. The 0.25% retained by the states amounts to $5 billion the states would have available for enforcement and administration. For example, California should receive over $500 million for enforcement and administration, which is more than the $327 million budget for the state’s sales and excise taxes.[87] Because the federal money paid to the states would be a percentage of the total revenue collected, John Linder claims the states would have an incentive to maximize collections.[11] Proponents believe that states that choose to conform to the federal tax base would have advantages in enforcement, information sharing, and clear interstate revenue allocation rules.[85][86] A study by the Beacon Hill Institute concluded that, on average, states could more than halve their sales tax rates and that state economies would benefit greatly from adopting a state-level FairTax.[85]

FairTax opponents state that compliance decreases when taxes are not automatically withheld from citizens, and that massive tax evasion could result by collecting at just one point in the economic system.[37] Compliance rates can also fall when taxed entities, rather than a third party, self-report their tax liability. For example, ordinary personal income taxes can be automatically withheld and are reported to the government by a third party. Taxes without withholding and with self-reporting, such as the FairTax, can see higher evasion rates. Economist Jane Gravelle of the Congressional Research Service found studies showing that evasion rates of sales taxes are often above 10%, even when the sales tax rate is in the single digits.[83] Tax publications by the Organisation for Economic Co-operation and Development (OECD), IMF, and Brookings Institution have suggested that the upper limit for a sales tax is about 10% before incentives for evasion become too great to control.[37] According to the GAO, 80% of state tax officials opposed a national sales tax as an intrusion on their tax base.[37] Opponents also raise concerns of legal tax avoidance by spending and consuming outside of the U.S. (imported goods would be subject to collection by the U.S. Customs and Border Protection).[88]

Economists from the University of Tennessee concluded that while there would be many desirable macroeconomic effects, adoption of a national retail sales tax would also have serious effects on state and local government finances.[89] Economist Bruce Bartlett stated that if the states did not conform to the FairTax, they would have massive confusion and complication as to what is taxed by the state and what is taxed by the federal government.[37] In addition, sales taxes have long exempted all but a few services because of the enormous difficulty in taxing intangibles—Bartlett suggests that the state may not have sufficient incentive to enforce the tax.[42] University of Michigan economist Joel Slemrod argues that states would face significant issues in enforcing the tax. “Even at an average rate of around five percent, state sales taxes are difficult to administer.”[90] University of Virginia School of Law professor George Yin states that the FairTax could have evasion issues with export and import transactions.[38] The President’s Advisory Panel for Federal Tax Reformreported that if the federal government were to cease taxing income, states might choose to shift their revenue-raising to income.[8] Absent the Internal Revenue Service, it would be more difficult for the states to maintain viable income tax systems.[8][89]

Underground economy

Opponents of the FairTax argue that imposing a national retail sales tax would drive transactions underground and create a vast underground economy.[4] Under a retail sales tax system, the purchase of intermediate goods and services that are factors of production are not taxed, since those goods would produce a final retail good that would be taxed. Individuals and businesses may be able to manipulate the tax system by claiming that purchases are for intermediate goods, when in fact they are final purchases that should be taxed. Proponents point out that a business is required to have a registered seller’s certificate on file, and must keep complete records of all transactions for six years. Businesses must also record all taxable goods bought for seven years. They are required to report these sales every month (see Personal vs. business purchases).[40] The government could also stipulate that all retail sellers provide buyers with a written receipt, regardless of transaction type (cash, credit, etc.), which would create a paper trail for evasion with risk of having the buyer turn them in (the FairTax authorizes a reward for reporting tax cheats).[52]

While many economists and tax experts support a consumption tax, problems could arise with using a retail sales tax rather than a value added tax (VAT).[4][37] A VAT imposes a tax on the value added at every intermediate step of production, so the goods reach the final consumer with much of the tax already in the price.[91] The retail seller has little incentive to conceal retail sales, since he has already paid much of the good’s tax. Retailers are unlikely to subsidize the consumer’s tax evasion by concealing sales. In contrast, a retailer has paid no tax on goods under a sales tax system. This provides an incentive for retailers to conceal sales and engage in “tax arbitrage” by sharing some of the illicit tax savings with the final consumer. Citing evasion, Tim Worstall wrote in Forbes that Europe’s 20-25% consumption taxes simply would not work if they were a sales tax: that’s why they’re all a VAT.[91] Laurence Kotlikoff has stated that the government could compel firms to report, via 1099-type forms, their sales to other firms, which would provide the same records that arise under a VAT.[52] In the United States, a general sales tax is imposed in 45 states plus the District of Columbia (accounting for over 97% of both population and economic output), which proponents argue provides a large infrastructure for taxing sales that many countries do not have.

Personal versus business purchases

Businesses would be required to submit monthly or quarterly reports (depending on sales volume) of taxable sales and sales tax collected on their monthly sales tax return. During audits, the business would have to produce invoices for the “business purchases” that they did not pay sales tax on, and would have to be able to show that they were genuine business expenses.[40] Advocates state the significant 86% reduction in collection points would greatly increase the likelihood of business audits, making tax evasion behavior much more risky.[52] Additionally, the FairTax legislation has several fines and penalties for non-compliance, and authorizes a mechanism for reporting tax cheats to obtain a reward.[40] To prevent businesses from purchasing everything for their employees, in a family business for example, goods and services bought by the business for the employees that are not strictly for business use would be taxable.[40] Health insurance or medical expenses would be an example where the business would have to pay the FairTax on these purchases. Taxable property and services purchased by a qualified non-profit or religious organization “for business purposes” would not be taxable.[92]

FairTax movement

A FairTax rally in Orlando, Floridaon July 28, 2006.

The creation of the FairTax began with a group of businessmen from Houston, Texas, who initially financed what has become the political advocacy group Americans For Fair Taxation (AFFT), which has grown into a large tax reform movement.[3][29] This organization, founded in 1994, claims to have spent over $20 million in research, marketing, lobbying, and organizing efforts over a ten-year period and is seeking to raise over $100 million more to promote the plan.[93] AFFT includes a staff in Houston and a large group of volunteers who are working to get the FairTax enacted.

In 2007 Bruce Bartlett said the FairTax was devised by the Church of Scientology in the early 1990s,[42] drawing comparisons between the tax policy and religious doctrine from the faith, whose creation myth holds that an evil alien ruler known as Xenu “used phony tax inspections as a guise for destroying his enemies.”[94] Representative John Linder told the Atlanta Journal-Constitution that Bartlett confused the FairTax movement with the Scientology-affiliated Citizens for an Alternative Tax System,[95] which also seeks to abolish the federal income tax and replace it with a national retail sales tax. Leo Linbeck, AFFT Chairman and CEO, stated “As a founder of Americans For Fair Taxation, I can state categorically, however, that Scientology played no role in the founding, research or crafting of the legislation giving expression to the FairTax.”[93]

Much support has been achieved by talk radio personality Neal Boortz.[96] Boortz’s book (co-authored by Georgia Congressman John Linder) entitled The FairTax Book, explains the proposal and spent time atop the New York Times Best Seller list. Boortz stated that he donates his share of the proceeds to charity to promote the book.[96] In addition, Boortz and Linder have organized several FairTax rallies to publicize support for the plan. Other media personalities have also assisted in growing grassroots support including former radio and TV talk show host Larry Elder, radio host and former candidate for the 2012 GOP Presidential Nomination Herman Cain, Fox News and radio host Sean Hannity, and Fox Business Host John Stossel.[97] The FairTax received additional visibility as one of the issues in the 2008 presidential election. At a debate on June 30, 2007, several Republican candidates were asked about their position on the FairTax and many responded that they would sign the bill into law if elected.[30] The most vocal promoters of the FairTax during the 2008 primary elections were Republican candidate Mike Huckabee and Democratic candidate Mike Gravel. The Internet, blogosphere, and electronic mailing lists have contributed to promoting, organizing, and gaining support for the FairTax. In the 2012 Republican presidential primary, and his ensuing Libertarian Party presidential run, former Governor of New Mexico and businessman Gary Johnson actively campaigned for the FairTax.[98] Former CEO of Godfather’s Pizza Herman Cain has been promoting the FairTax as a final step in a multiple-phase tax reform.[99] Outside of the United States, the Christian Heritage Party of Canadaadopted a FairTax proposal as part of their 2011 election platform[100] but won no seats in that election.

See also

https://en.wikipedia.org/wiki/FairTax

 

G. Edward Griffin

From Wikipedia, the free encyclopedia
G. Edward Griffin
G. Edward Griffin.jpg
Born November 7, 1931 (age 85)
Detroit, Michigan
Nationality American
Education University of Michigan
BA
Occupation Author, lecturer, filmmaker
Known for Conspiracy theories
Spouse(s) Patricia Irving Griffin

G. Edward Griffin (born November 7, 1931) is an American far-right conspiracy theorist, author, lecturer, and filmmaker. He is the author of The Creature from Jekyll Island (1994), which promotes theories about the motives behind the creation of the Federal Reserve System.[1][2] Griffin’s writings include a number of views regarding various political, defense and health care interests. In his book World Without Cancer, he argues that cancer is a nutritional deficiency that can be cured by consuming amygdalin, a view regarded as quackery by the medical community.[1][3][4] He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports a specific John F. Kennedy assassination conspiracy theory.[1] Also, he believes the actual geographical location of the biblical Noah’s Ark is located at the Durupınar site in Turkey.[5]

Biography

Griffin was born in Detroit, Michigan, on November 7, 1931, and became a child voice actor on local radio from 1942 to 1947. He later emceed at WJR (CBS), and continued as an assistant announcer at the public radio station WUOM. He earned his bachelor’s degree from the University of Michigan in Ann Arbor in 1953, majoring in speech and communications. In 1954, he served in the United States Army, and in 1956 was discharged as a sergeant.[6]

Griffin worked as a writer for Curtis LeMay, vice presidential running mate for George Wallace during his 1968 United States Presidential campaign.[6] Shortly thereafter, he began writing and producing documentary-style videos about the same controversial topics covered in his books, such as cancer, the historical authenticity of Noah’s Ark, the Federal Reserve System, the Supreme Court of the United States, terrorism, subversion, and foreign policy.[7][8]

Political advocacy

In 1964, Griffin wrote his first book, The Fearful Master, on the United Nations, a topic that recurs throughout his writings. While he describes his work as the output of “a plain vanilla researcher”, Griffin also agrees with the Los Angeles Daily Newss characterization of him as “Crusader Rabbit“.[9]

Griffin has been a member and officer of the John Birch Society (JBS) for much of his life[10] and a contributing editor to its magazine, The New American.[11] Since the 1960s, Griffin has spoken and written about the Society’s theory of history involving “communist and capitalist conspiracies” over banking systems (including the Federal Reserve System), International banking, United States foreign policy, the U.S. military-industrial complex, the American news and entertainment media as propaganda, the Supreme Court of the United States, and the United Nations.[12][13] From 1962 to 1975, he completed nine books and seven film productions; his 1969 video lecture, More Deadly Than War: The Communist Revolution in America, was printed in English and Dutch. In 1974, he published World Without Cancer, and in 1975, he wrote a sympathetic biography of JBS founder Robert W. Welch.[14][15]

In May 2009, Griffin helped Robert L. Schulz and Edwin Vieira organize a meeting at Jekyll Island of thirty people including “radical tax protesters, militiamen, nativist extremists, anti-Obama ‘birthers,’ hard-line libertarians, conspiracy-minded individuals with theories about secret government concentration camps, even a raging anti-Semite named Edgar Steele“.[16] Speakers at the meeting “warned of ‘increasing national instability,’ worried about a coming ‘New World Order,’ denounced secret schemes to merge Canada, Mexico and the United States, and furiously attacked the new president’s ‘socialized’ policies and failure to end illegal immigration,” and attendees made plans for a “continental congress” that occurred in November 2009 that was hosted by the We the People Foundation.[16] Griffin was the first to speak at the Jekyll Island meeting and he “told conferees that merely putting ‘large numbers of people in the street’ was not enough. ‘We must,’ he said, ‘achieve power.'”[16]

Alternate conspiracy theories and fringe science

The Creature from Jekyll Island

Griffin’s 1994 book, The Creature from Jekyll Island, draws parallels between the Federal Reserve and a bird of prey.

He has opposed the Federal Reserve since the 1960s, saying it constitutes a banking cartel and an instrument of war and totalitarianism.[17] Griffin presented his views on the U.S. money system in his 1993 movie and 1994 book on the Federal Reserve SystemThe Creature from Jekyll Island.[6][note 1] The book was a business-topic bestseller.[2][18][19] The book also influenced Ron Paul when he wrote a chapter on money and the Federal Reserve in his New York Timesbestseller, The Revolution: A Manifesto.[20]

Edward Flaherty, an academic economist writing for Political Research Associates, characterized Griffin’s description of the secret meeting on Jekyll Island as “paranoid”, “amateurish”, and “academically suspect”.[21]

Cancer, chemtrails, and AIDS denial

In 1973, Griffin wrote and self-published the book World Without Cancer and released it as a video;[22][23] its second edition appeared in 1997. In the book and the video, Griffin asserts that cancer is a metabolic disease like a vitamin deficiency facilitated by the insufficient dietary consumption of amygdalin. He contends that “eliminating cancer through a nondrug therapy has not been accepted because of the hidden economic and power agendas of those who dominate the medical establishment”[24] and he wrote, “at the very top of the world’s economic and political pyramid of power there is a grouping of financial, political, and industrial interests that, by the very nature of their goals, are the natural enemies of the nutritional approaches to health”.[25]

Since the 1970s, the use of laetrile to treat cancer has been identified in the scientific literature as a canonical example of quackery and has never been shown to be effective in the treatment or prevention of cancer.[26][27] Emanuel Landau, then a Project Director for the APHA, wrote a book review for the American Journal of Public Health, which noted that Griffin “accepts the ‘conspiracy’ theory … that policy-makers in the medical, pharmaceutical, research and fund-raising organizations deliberately or unconsciously strive not to prevent or cure cancer in order to perpetuate their functions”. Landau concludes that although World Without Cancer “is an emotional plea for the unrestricted use of the Laetrile as an anti-tumor agent, the scientific evidence to justify such a policy does not appear within it”.[28]

Griffin’s websites refer visitors to doctors, clinics, and hospitals with alternative cancer treatments, including sellers of laetrile.[22][29][30] He does not sell laetrile himself.[22]

In 2010, Griffin engaged in HIV/AIDS denialism, claiming that human immunodeficiency virus (HIV) “doesn’t exist” and that antiretroviral medications (rather than the HIV virus) cause acquired immune deficiency syndrome (AIDS).[1]

In a 2012 video titled “What in the World Are They Spraying?”, Griffin asserts that airplanes leave a permanent grid of chemtrails hanging over cities like Los Angeles.[31]

Noah’s Ark search

In 1992 Griffin wrote and narrated The Discovery of Noah’s Ark, based on David Fasold‘s 1988 book, The Ark of Noah.[5] Griffin’s film said that the original Noah’s Ark continued to exist in fossil form at the Durupınar site, about 17 miles (27 km) from Mount Ararat in Turkey, based on photographic, radar, and metal detector evidence. Griffin also said that towns in the area had names that resembled terms from the Biblical story of the flood. He endorsed the historicity of the Biblical account of the flood, and speculated that the flood was the byproduct of massive tides caused by a gravitational interaction between Earth and a large celestial body coming close to it.[9]

Works

Some of Griffin’s work is published by Western Islands Publishers, the publishing arm of the John Birch Society, with the remainder being self-published through his own company, American Media.

Bibliography

  • The Fearful Master: A Second Look at the United Nations. Boston, MA: Western Islands Publishers. 1964. ISBN 0-88279-102-8OCLC 414277.
  • The Great Prison Break: The Supreme Court Leads the Way. Boston, MA: Western Islands Publishers. 1968. OCLC 220369.
  • More Deadly Than War: The Communist Revolution in America (transcript). American Media). 1969. OCLC 71304108.
  • This is the John Birch Society: An Invitation to Membership (1st ed., 2d ed. 1972, 3d ed. 1981 Western Islands ed.). Thousand Oaks, CA: American Media. 1970. OCLC 83825.
  • The Capitalist Conspiracy: An Inside View of International Banking (transcript) (1st ed., 2d ed. 1982 Huntington Beach Patriots ed.). Thousand Oaks, CA: American Media. 1971. OCLC 3263688.
  • World Without Cancer: The Story of Vitamin B17 (1st ed., reprinted 1976, 1977, 2d ed. 1997, reprinted 2001, 2006 ed.). American Media. 1974. ISBN 0-912986-09-3.
  • The Life and Words of Robert Welch, Founder of the John Birch Society. E. Merrill Root (introduction). Thousand Oaks, CA: American Media. 1975. ISBN 978-0-912986-07-4OCLC 1530499.
  • The Creature from Jekyll Island: A Second Look at the Federal Reserve (1st ed., 2d ed. 1995, 3d ed. 1998 American Media, 4th ed. 2002, now in 5th ed.). Appleton, WI: American Opinion Publishing. 1994. ISBN 0-912986-16-6OCLC 31354943.

Filmography

  • The Grand Design: A Lecture on U.S. Foreign Policy. 1969. OCLC 5549063.
  • More Deadly Than War: The Communist Revolution in America (Lecture). American Media. 1969. OCLC 5549058.
  • World Without Cancer: The Story of Vitamin B17 (Visual material). American Media. 1974. OCLC 5604983.
  • Bezmenov, Yuri; Griffin, G. Edward (1984). Soviet Subversion of the Free Press: A Conversation with Yuri Bezmenov (Videotape). Westlake Village, CA: American Media. OCLC 45810551.
  • Griffin, G. Edward; Solis, Willy (1985). The Red Reality in Central America (Videotape). Westlake Village, CA: American Media. OCLC 37023488.
  • The Discovery of Noah’s Ark: The Whole Story (Videotape). Westlake Village, CA: American Media. 1992. OCLC 29511807.
  • Griffin, G. Edward; Shurtleff, Howard (1994). The Creature from Jekyll Island: A Second Look at the Federal Reserve (Videotape). John Birch SocietyOCLC 36245861.
  • Hidden Agenda: Real Conspiracies that Affect our Lives Today (6 volumes). Venice, CA: Knowledge 20/20. 2001. OCLC 49289908.
    • Vol. 1 (1971). The Capitalist Conspiracy: An Inside View of International Banking. American Media. OCLC 5558340.
    • Vol. 2 (1983). The Subversion Factor: A History of Treason in Modern America (Part 1: Moles in High Places, Part 2: Open Gates of Troy) (Videotape). Westlake Village, CA: American Media. OCLC 36968013.
    • Vol. 3 (1968). The Truth About Communism: Only the Brave are Free (Videotape).
    • Vol. 4 (1966). Anarchy U.S.A.: In the Name of Civil Rights (DVD). John Birch Society.
    • Vol. 5 (1962). Katanga: The Untold Story (Videotape).
    • Vol. 6. WBTV (1982). No Place to Hide: The Strategy and Tactics of Terrorism (Videotape). Alexandria, VA: Western Goals FoundationOCLC 10744020. Also OCLC 19993388.
  • Griffin, G. Edward (executive producer); Dill, David; Gazecki, William; Harris, Bev; Mercuri, Rebecca; Rubin, Aviel D (2004). Invisible Ballots: A Temptation for Electronic Vote Fraud (Videotape, DVD). Westlake Village, CA: American Media and Reality Zone. ISBN 978-0-912986-43-2OCLC 65199460. Also OCLC 56844390.
  • Jaeger, James; Baehr, Theodore; Griffin, G. Edward; Paul, Ron; Vieira, Edwin (2007). Fiat Empire: Why the Federal Reserve Violates the U.S. Constitution (DVD). Beverly Hills, CA: Cornerstone-Matrixx Entertainment. OCLC 192133806.
  • What in the World Are They Spraying? Produced by G. Edward Griffin, Michael Murphy, and Paul Wittenberger. (2010). OCLC 682713571

Notes

  1. Jump up^ The title refers to a 1910 meeting at Jekyll Island, Georgia, of six bankers and economic policymakers. The meeting was recounted by Forbes founder B. C. Forbes in 1916, (see: Forbes, B. C. (1916-10-19). “Men Who Are Making America”. Leslie’s Weekly. p. 423. I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written.) and recalled by participant Frank Vanderlip as “the actual conception of what eventually became the Federal Reserve System”. (See:Vanderlip, Frank A. (1933-02-09). “From Farm Boy to Financier”. Saturday Evening Post. pp. 25, 70. Also, Vanderlip, Frank A. (1935). From Farm Boy to FinancierNew York City, New York: Appleton-Century Company. pp. 210–219. In Gurumurthy, S. (2007-12-28). “US Fed: an enigma wrapped in mystery”Business Line. Retrieved 2008-09-02.)

References

  1. Jump up to:a b c d Easter, Sean (March 26, 2011). “Who is G. Edward Griffin, Beck’s Expert on The Federal Reserve?”Media Matters for America. Retrieved 2015-03-10On his Fox News show, Glenn Beck presented Griffin as an authority on the history of the Federal Reserve System. Griffin has a history of holding and promoting various conspiracy hypotheses, whether founded or unfounded, that include notions that question the very existence of HIV/AIDS, as well as the view that the origin of cancer has to do with a specific dietary deficiency, and correspondingly, that cancer can be effectively cured with an ‘essential food compound’.
  2. Jump up to:a b “Paul Out to Slay The Creature from Jekyll Island”USA Daily. August 22, 2007. Archived from the original on October 16, 2007. Retrieved 2008-03-02Griffin, in ‘The Creature from Jekyll Island’ documents an organized and successful attempt to seize control over the U.S. monetary system by powerful American and European banking families. …
  3. Jump up^ Herbert V (May 1979). “Laetrile: the cult of cyanide. Promoting poison for profit”Am. J. Clin. Nutr32 (5): 1121–58. PMID 219680.
  4. Jump up^ Lerner IJ (February 1984). “The whys of cancer quackery”. Cancer53 (3 Suppl): 815–9. PMID 6362828doi:10.1002/1097-0142(19840201)53:3+<815::aid-cncr2820531334>3.0.co;2-u.
  5. Jump up to:a b “The Discovery of Noah’s Ark”. Reality Zone. Retrieved 2008-03-06This program was written and narrated by G. Edward Griffin.
  6. Jump up to:a b c Who’s Who in America 1994 (48th ed.). Marquis Who’s Who. December 1993.
  7. Jump up^ “G. Edward Griffin”IMDB. Retrieved 2015-03-10.
  8. Jump up^ “G. Edward Griffin”WorldCat. Retrieved 2015-03-11.
  9. Jump up to:a b “T.O.’s Griffin All Booked Up With Writing, Film Projects”Daily News of Los Angeles. May 22, 1995. Retrieved 2008-02-29G. Edward Griffin, author and documentary film producer, calls himself ‘a plain vanilla researcher and writer.’ But the projects he has completed don’t deal with ‘vanilla’ subjects. They concern the Federal Reserve, the Supreme Court, cancer and even Noah’s ark. Perhaps a better description of Griffin is one he also admits to – ‘Crusader Rabbit’. …
  10. Jump up^ Aune, James Arnt (2001). Selling the Free Market: The Rhetoric of Economic Correctness. Guilford Press. pp. 140–1. ISBN 1-57230-757-9.
  11. Jump up^ Steele, Karen Dorn; Morlin, Bill (2000-09-02). “Get-rich pitch ‘bogus’: Seven states have determined Global Prosperity is an illegal pyramid scheme”The Spokesman Review. Archived from the original on 2008-12-11. Retrieved 2008-03-05.
  12. Jump up^ Sayre, Nora (1996). Sixties Going on SeventiesRutgers University Press. p. 98. ISBN 0-8135-2193-9In a wonderful lecture by G. Edward Griffin, slides and diagrams of triangles and arrows and circles show how the Conspiracy learned its techniques from the 18th Century Freemasons of Europe. …
  13. Jump up^ Stone, Barbara S. (February 1974). “The John Birch Society: A Profile”. The Journal of Politics36 (1): 184–197. JSTOR 2129115doi:10.2307/2129115.
  14. Jump up^ Bourgoin, Suzanne Michele; Byers, Paula K. (1998). Encyclopedia of World BiographyGaleISBN 0-7876-2556-6.
  15. Jump up^ Thornton, James (1993-12-13). “Remembering Robert Welch”John Birch Society. Retrieved 2008-03-06We invite you to learn more about him by reading The Life and Words of Robert Welch by G. Edward Griffin. …
  16. Jump up to:a b c Heidi Beirich. “Midwifing the Militias: Jekyll Island Gathering Recalls Another” (Spring 2010, Issue 137). Southern Poverty Law Center. Retrieved 2015-03-11G. Edward Griffin, who helped organize the Jekyll Island gathering, may have been more revealing. Griffin, who wrote a scathing 1994 attack on the Fed published by the anti-communist John Birch Society and also a sympathetic biography of the group’s founder, was the first to speak at the meeting. He told conferees that merely putting ‘large numbers of people in the street’ was not enough. ‘We must,’ he said, ‘achieve power’.
  17. Jump up^ Thomas, Kenn (2002). Popular Paranoia: A Steamshovel Press Anthology. Adventures Unlimited Press. p. 298. ISBN 1-931882-06-1.
  18. Jump up^ “Bestselling business books”. Calgary Herald. 2006-07-04. p. F5.
  19. Jump up^ “Best-selling business books, April 14”Rocky Mountain News. 2007-04-14. Archived from the original on 2008-09-27. Retrieved 2008-02-2910. The Creature from Jekyll Island: A Second Look at the Federal Reserve: G. Edward Griffin. American Media. $24.50. …
  20. Jump up^ Paul listed Griffin’s book on his “Reading List for a Free and Prosperous America”. See: Paul, Ron (2007-04-30). The Revolution: A ManifestoNew York City, NY: Grand Central Publishing. pp. 169–70. ISBN 0-446-53751-9.
  21. Jump up^ Flaherty, Edward. “Debunking the Federal Reserve Conspiracy Theories: Myth #1: The Federal Reserve Act of 1913 was crafted by Wall Street bankers and a few senators in a secret meeting.”Somerville, MassachusettsPolitical Research Associates. Retrieved 2008-05-10G. Edward Griffin lays out this conspiratorial version of history in his book The Creature from Jekyll Island. Mainstream-approved academics have viscerally criticized the very nature of his research as “highly suspect”, his methods of research as “amateurish, and his controversial historical conclusions by referring to them as “utterly preposterous” however. … …
  22. Jump up to:a b c Lagnado, Lucette (2000-03-22). “Laetrile Makes a Comeback Selling to Patients Online”Wall Street Journal. Retrieved 2008-02-29.
  23. Jump up^ “Controversial Cancer Drug Laetrile Enters Political Realms”Middlesboro Daily News. 1977-08-10. Retrieved 2008-02-29.
  24. Jump up^ “New Library Books”BooksGrand Forks Herald. 2003-07-13. p. 4. Retrieved 2008-02-29.
  25. Jump up^ Kenadjian, Berdj (2006). From Darkness to Light. Zakarian, Martin, illus. (2d ed.). Phenix & Phenix Literary Publicists. p. 94. ISBN 978-1-933538-24-2. Retrieved 2009-03-17.
  26. Jump up^ Milazzo, Stefania; Horneber, Markus (2015-04-28). “Laetrile treatment for cancer”The Cochrane Database of Systematic Reviews (4): CD005476. ISSN 1469-493XPMID 25918920doi:10.1002/14651858.CD005476.pub4.
  27. Jump up^ Nightingale SL (1984). “Laetrile: the regulatory challenge of an unproven remedy”Public Health Rep99 (4): 333–8. PMC 1424606Freely accessiblePMID 6431478.
  28. Jump up^ Landau, Emanuel (July 1976). World without Cancer; the Story of Vitamin B17 (PDF). American Journal of Public Health66(7): 696. ISSN 0090-0036doi:10.2105/AJPH.66.7.696-a. Retrieved 2008-03-05The author maintains that the missing food nutrient is part of the nitriloside family which is found particularly in the seeds of the fruit family containing bitter almond …
  29. Jump up^ Jones, Marianna (1976-10-11). “Cure or fraud?”Walla Walla Union-Bulletin. Retrieved 2008-02-29.
  30. Jump up^ “The Cancer Cure Foundation”. The Cancer Cure Foundation. Retrieved 2015-03-11This website provides an unbiased analysis of the major alternative-cancer clinics, treatments and therapies. It explains the theories of how these treatments work and where to locate doctors, practitioners and natural-health clinics. It also provides case histories of patients who have benefited from these non-conventional approaches.
  31. Jump up^ “Chemtrails – Conspiracy Theory?”. Australian Science. December 28, 2012. Retrieved 2015-03-11The filmmakers bring in advocate and conspiracist G. Edward Griffin to join this chemtrail crusade. He talks about how chemtrails don’t dissipate; that a permanent grid hangs over cities like Los Angeles.

Further reading

External links

https://en.wikipedia.org/wiki/G._Edward_Griffin

 

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The Pronk Pops Show 958, September 6, 2017, Story 1: President Trump Strikes His True Colors Cuts Deal With Democrats — Just Another Big Government Spending Manhattan Liberal Democrat — American Big Apple Pie — The Day The Music Died — Videos — Story 2: The Day The Republican Party and President Trump Gives Citizenship To Illegal Alien Dreamers will Be The Day Republican Party Commits Political Suicide and Gives Birth to the American Independence Party — Trump The Flip Flopper –The Night They Drove Old Dixie Down — Helpless — I Shall Be Released — Forever Young — Videos

Posted on September 7, 2017. Filed under: American History, Ben Carson, Blogroll, Breaking News, Communications, Constitutional Law, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Elections, Empires, Employment, Foreign Policy, Free Trade, Freedom of Speech, Government, Government Spending, Health, History, Human, Illegal Immigration, Illegal Immigration, Immigration, Independence, Language, Law, Legal Immigration, Life, Media, National Interest, News, Obama, People, Philosophy, Photos, Politics, Polls, President Trump, Presidential Appointments, Pro Life, Radio, Raymond Thomas Pronk, Regulation, Rule of Law, Scandals, Security, Success, Taxation, Taxes, Technology, Terror, Terrorism, Unemployment, United States Constitution, United States of America, United States Supreme Court, Videos, Violence, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 958, September 6, 2017

Pronk Pops Show 957, September 5, 2017

Pronk Pops Show 956, August 31, 2017

Pronk Pops Show 955, August 30, 2017

Pronk Pops Show 954, August 29, 2017

Pronk Pops Show 953, August 28, 2017

Pronk Pops Show 952, August 25, 2017

Pronk Pops Show 951, August 24, 2017

Pronk Pops Show 950, August 23, 2017

Pronk Pops Show 949, August 22, 2017

Pronk Pops Show 948, August 21, 2017

Pronk Pops Show 947, August 16, 2017

Pronk Pops Show 946, August 15, 2017

Pronk Pops Show 945, August 14, 2017

Pronk Pops Show 944, August 10, 2017

Pronk Pops Show 943, August 9, 2017

Pronk Pops Show 942, August 8, 2017

Pronk Pops Show 941, August 7, 2017

Pronk Pops Show 940, August 3, 2017

Pronk Pops Show 939,  August 2, 2017

Pronk Pops Show 938, August 1, 2017

Pronk Pops Show 937, July 31, 2017

Pronk Pops Show 936, July 27, 2017

Pronk Pops Show 935, July 26, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 934, July 25, 2017

Pronk Pops Show 933, July 24, 2017

Pronk Pops Show 932, July 20, 2017

Pronk Pops Show 931, July 19, 2017

Pronk Pops Show 930, July 18, 2017

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

 

Story 1: President Trump Strikes His True Colors Cuts Deal With Democrats — Just Another Big Government Spending Manhattan Liberal Democrat aka Rollover Republican — American Big Apple Pie — The Day The Music Died — Videos —

Image result for trump's sides with schumer and pelosi 6 september 2017Image result for trump's sides with schumer and pelosi 6 september 2017Image result for trump's true colors liberal democratImage result for trump's true colors liberal democrat

 

Don McLean – American Pie

American Pie

A long long time ago
I can still remember how
That music used to make me smile
And I knew if I had my chance
That I could make those people dance
And maybe they’d be happy for a while

But February made me shiver
With every paper I’d deliver
Bad news on the doorstep
I couldn’t take one more step

I can’t remember if I cried
When I read about his widowed bride
Something touched me deep inside
The day the music died
So

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
And them good ole boys were drinking whiskey and rye
Singin’ this’ll be the day that I die
This’ll be the day that I die

Did you write the book of love
And do you have faith in God above
If the Bible tells you so?
Do you believe in rock and roll?
Can music save your mortal soul?
And can you teach me how to dance real slow?

Well, I know that you’re in love with him
‘Cause I saw you dancin’ in the gym
You both kicked off your shoes
Man, I dig those rhythm and blues

I was a lonely teenage broncin’ buck
With a pink carnation and a pickup truck
But I knew I was out of luck
The day the music died
I started singin’

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
And them good ole boys were drinking whiskey and rye
Singin’ this’ll be the day that I die
This’ll be the day that I die

Now, for ten years we’ve been on our own
And moss grows fat on a rolling stone
But, that’s not how it used to be

When the jester sang for the king and queen
In a coat he borrowed from James Dean
And a voice that came from you and me

Oh and while the king was looking down
The jester stole his thorny crown
The courtroom was adjourned
No verdict was returned

And while Lennon read a book on Marx
The quartet practiced in the park
And we sang dirges in the dark
The day the music died
We were singin’

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
Them good ole boys were drinking whiskey and rye
And singin’ this’ll be the day that I die
This’ll be the day that I die

Helter skelter in a summer swelter
The birds flew off with a fallout shelter
Eight miles high and falling fast

It landed foul on the grass
The players tried for a forward pass
With the jester on the sidelines in a cast

Now the half-time air was sweet perfume
While sergeants played a marching tune
We all got up to dance
Oh, but we never got the chance

‘Cause the players tried to take the field
The marching band refused to yield
Do you recall what was revealed
The day the music died?
We started singin’

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
Them good ole boys were drinking whiskey and rye
And singin’ this’ll be the day that I die
This’ll be the day that I die

Oh, and there we were all in one place
A generation lost in space
With no time left to start again

So come on Jack be nimble, Jack be quick
Jack Flash sat on a candlestick
‘Cause fire is the devil’s only friend

Oh and as I watched him on the stage
My hands were clenched in fists of rage
No angel born in Hell
Could break that Satan’s spell

And as the flames climbed high into the night
To light the sacrificial rite
I saw Satan laughing with delight
The day the music died
He was singin’

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
Them good ole boys were drinking whiskey and rye
Singin’ this’ll be the day that I die
This’ll be the day that I die

I met a girl who sang the blues
And I asked her for some happy news
But she just smiled and turned away

I went down to the sacred store
Where I’d heard the music years before
But the man there said the music wouldn’t play

And in the streets the children screamed
The lovers cried, and the poets dreamed
But not a word was spoken
The church bells all were broken

And the three men I admire most
The Father, Son, and the Holy Ghost
They caught the last train for the coast
The day the music died
And they were singing

Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
And them good ole boys were drinking whiskey and rye
Singin’ this’ll be the day that I die
This’ll be the day that I die

They were singing
Bye, bye Miss American Pie
Drove my Chevy to the levee but the levee was dry
Them good ole boys were drinking whiskey and rye
Singin’ this’ll be the day that I die

Written by Don Mclean • Copyright © Universal Music Publishing Group

Trump Sides With Democrats on Debt-Limit Fix, Harvey Aid

Trump cuts deal with Pelosi and Schumer on debt ceiling

CLIPS: White House Meeting w/ President Trump and Congressional Leaders (C-SPAN)

Trump Sides With Democrats In Deal On Storm Relief And Fiscal Deadlines

President Trump meets with Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Minority Leader Nancy Pelosi, D-Calif., and other congressional leaders in the Oval Office on Wednesday.

Evan Vucci/AP

Updated at 4:20 p.m. ET

Democratic congressional leaders announced Wednesday that they had reached a deal with President Trump in an Oval Office meeting to pass hurricane relief funding this week, along with measures to push off pressing fiscal deadlines to December — over the apparent objections of Republican leaders.

“In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together,” House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer said in a joint statement. “Both sides have every intention of avoiding default in December and look forward to working together on the many issues before us.”

The agreement includes bundling relief for Hurricane Harvey with a three-month continuing resolution that would keep the government funded through Dec. 15, in addition to a three-month fix to raise the debt limit to be passed this week.

Senate Majority Leader Mitch McConnell said he will be adding those measures to the hurricane relief measure and will support it on the floor, but in brief remarks to reporters on Wednesday afternoon was clear this was a deal between Democratic leaders and the president.

“The president agreed with Sen. Schumer and Congresswoman Pelosi to do a three month C.R. and a debt ceiling into December,” McConnell said. “That’s what I will be offering.”

An aide briefed on the meeting said that Republican leaders originally proposed an 18-month hike to the debt ceiling, which would avoid any further confrontations on it past the 2018 midterms, then offered a six-month extension before the president agreed to the Democrats’ desired three-month extension.

And another source briefed on the meeting told NPR’s Susan Davis that Treasury Secretary Steven Mnuchin had also advocated for a longer debt ceiling hike. However, President Trump then jumped behind the three-month extensions coupled with the funding for Harvey relief.

It’s a major development given the pressing list of tasks Congress had to take on over the next month, and the fact that Trump sided with Democrats’ desires over those of Republicans.

House Speaker Paul Ryan had criticized the proposal from Pelosi and Schumer on a three-month debt ceiling hike earlier on Wednesday as “playing politics” with the debt ceiling.

McConnell later suggested that Trump had pushed for the deal because “his feeling was that we needed to come together, to not create a picture of divisiveness at a time of genuine national crisis,” with Harvey having devastated coastal Texas and Hurricane Irma threatening the Caribbean and Florida.

Trump described the meeting to reporters on Air Force One: “We had a very good meeting with Nancy Pelosi and Chuck Schumer. We agreed to a three-month extension on debt ceiling, which they consider to be sacred — very important — always we’ll agree on debt ceiling automatically because of the importance of it.” Those comments came while the president was en route to a tax reform event in North Dakota, and he did not mention his own party’s congressional leaders.

Trump also hinted there could be a deal reached to protect so-called “DREAMers,” after his administration announced the end to the Deferred Action for Childhood Arrivals (DACA) program which puts in limbo the fate of 800,000 young people who came to the U.S. illegally as children and now could face the possibility of deportation.

“We discussed that also today, and Chuck and Nancy would like to see something happen, and so do I,” Trump said. “And I said if we can get something to happen, we’re going to sign it and we’re going to make a lot of happy people.”

Pelosi and Schumer said in their statement that “we also made it clear that we strongly believe the DREAM Act must come to the floor and pass as soon as possible and we will not rest until we get this done.”

During the Obama administration, Congress failed to pass the DREAM Act, which would have provided protections to immigrants who came here illegally as children.

http://www.npr.org/2017/09/06/548935056/trump-sides-with-democrats-in-deal-on-storm-relief-and-fiscal-deadlines

Trump breaks with Republicans on debt ceiling deal

Evan Vucci / AP

President Trump backed the Democratic plan to combine Harvey relief funding with extending the debt limit and funding the government, both for three months, after a meeting with congressional leaders from both parties. The Republicans in the meeting opposed that plan.

A Republican close to leadership: “Dems bluffed their way into total victory. They win the politics of DACA and leverage on debt in the winter. The fate is sealed – DACA will be reauthorized without strings, Schumer has inserted himself into all negotiations in the winter, including tax, spending and immigration.”

Latest: Mitch McConnell says he supports the plan, and will attach the continuing resolution and debt ceiling raise to the Harvey bill as an amendment.

  • Nancy Pelosi and Chuck Schumer announced the news in a joint statement after meeting. Trump confirmed it later.
  • According to a source briefed on the meeting with POTUS, “McConnell, Ryan, McCarthy, and Mnuchin all advocated for a longer debt limit. Basically everyone with an R behind their name.”
  • Mnuchin argued against the plan in the meeting, but was overruled.
  • Paul Ryan said earlier today that a short-term debt ceiling extension was a “ridiculous” and “disgraceful” plan, and “playing politics” with an important issue.
  • Trump agreed with Schumer and Pelosi on the debt limit issue, while McConnell wanted a continuing resolution to be a part of that package, according to a person familiar with the debate.
  • Word of warning: There’s a tentative deal, but it still has to pass Congress.

From Trump

“We had a very good meeting with Nancy Pelosi and Chuck Schumer [Trump notably did not mention Ryan or McConnnell]. We agreed to a three-month extension on debt ceiling, which they consider to be sacred, very important, always we’ll agree on debt ceiling automatically because of the importance of it. Also on the CRs and also on Harvey, which now we’re going to be adding something because of what’s going on in Florida, but we had a very good meeting. We essentially came to a deal, and I think the deal will be very good.”

From Pelosi and Schumer

“In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together. Both sides have every intention of avoiding default in December and look forward to working together on the many issues before us. As Democratic leaders, we also made it clear that we strongly believe the DREAM Act must come to the floor and pass as soon as possible and we will not rest until we get this done.”

https://www.axios.com/trump-breaks-with-republicans-on-debt-ceiling-deal-2482227911.html

Story 2: The Day The Republican Party and President Trump Gives Citizenship To Illegal Alien Dreamers will Be The Day Republican Party Commits Political Suicide and Gives Birth to the American Independence Party — Trump The Flip Flopper –The Night They Drove Old Dixie Down — Helpless — I Shall Be Released — Forever Young — Videos

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The Band – The Night They Drove Old Dixie Down

Lyrics

Virgil Caine is the name, and I served on the Danville train
‘Till Stoneman’s cavalry came and tore up the tracks again
In the winter of ’65, we were hungry, just barely alive
By May the tenth, Richmond had fell, it’s a time I remember, oh so well

The night they drove old Dixie down, and the bells were ringing
The night they drove old Dixie down, and the people were singin’ they went
La, la, la, la, la, la, la, la, la, la, la, la, la, la

Back with my wife in Tennessee, when one day she called to me
“Virgil, quick, come see, there goes Robert E Lee”
Now I don’t mind choppin’ wood, and I don’t care if the money’s no good
Ya take what ya need and ya leave the rest,
But they should never have taken the very best

The night they drove old Dixie down, and the bells were ringing
The night they drove old Dixie down, and the people were singin’ they went
La, la, la, la, la, la, la, la, la, la, la, la, la, la,

Like my father before me, I will work the land
Like my brother above me, who took a rebel stand
He was just eighteen, proud and brave, but a Yankee laid him in his grave
I swear by the mud below my feet,
You can’t raise a Caine back up when he’s in defeat

The night they drove old Dixie down, and the bells were ringing,
The night they drove old Dixie down, and all the people were singin’, they went
Na, la, na, la, na, na, na, na, na, na, na, na, na, na,

The night they drove old Dixie down, and all the bells were ringing,
The night they drove old Dixie down, and the people were singin’, they went
Na, la, na, la, na, na, na, na, na, na, na, na, na, na

Written by Robbie Robertson • Copyright © Warner/Chappell Music, Inc

The Band & Neil Young

Helpless

“Helpless”

There is a town in north Ontario,
With dream comfort memory to spare,
And in my mind
I still need a place to go,
All my changes were there.Blue, blue windows behind the stars,
Yellow moon on the rise,
Big birds flying across the sky,
Throwing shadows on our eyes.
Leave usHelpless, helpless, helpless
Baby can you hear me now?
The chains are locked
and tied across the door,
Baby, sing with me somehow.Blue, blue windows behind the stars,
Yellow moon on the rise,
Big birds flying across the sky,
Throwing shadows on our eyes.
Leave us

The Band: I Shall Be Released (The Last Waltz)

I Shall Be Released

WRITTEN BY: BOB DYLAN
They say ev’rything can be replaced
Yet ev’ry distance is not near
So I remember ev’ry face
Of ev’ry man who put me here
I see my light come shining
From the west unto the east
Any day now, any day now
I shall be releasedThey say ev’ry man needs protection
They say ev’ry man must fall
Yet I swear I see my reflection
Some place so high above this wall
I see my light come shining
From the west unto the east
Any day now, any day now
I shall be releasedStanding next to me in this lonely crowd
Is a man who swears he’s not to blame
All day long I hear him shout so loud
Crying out that he was framed
I see my light come shining
From the west unto the east
Any day now, any day now
I shall be released

Copyright ©1967, 1970 by Dwarf Music; renewed 1995 by Dwarf Music

The Band – Forever Young

Bob Dylan Lyrics

“Forever Young”

May God bless and keep you always
May your wishes all come true
May you always do for others
And let others do for you
May you build a ladder to the stars
And climb on every rung
May you stay forever young
Forever young, forever young
May you stay forever young.May you grow up to be righteous
May you grow up to be true
May you always know the truth
And see the lights surrounding you
May you always be courageous
Stand upright and be strong
May you stay forever young
Forever young, forever young
May you stay forever young.May your hands always be busy
May your feet always be swift
May you have a strong foundation
When the winds of changes shift
May your heart always be joyful
And may your song always be sung
May you stay forever young
Forever young, forever young
May you stay forever young.

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The Pronk Pops Show 755, Part 1 of 2, Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos — Story 2: Revised Second Estimate of Real GDP Growth in Second Quarter of 2017 Is 3 Percent — Videos

Posted on August 31, 2017. Filed under: Blogroll, Breaking News, Budgetary Policy, Communications, Congress, Constitutional Law, Corruption, Culture, Defense Spending, Donald J. Trump, Donald Trump, Economics, Education, Elections, Empires, Employment, Energy, Federal Government, Fiscal Policy, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, History, House of Representatives, Human, Human Behavior, Independence, Labor Economics, Law, Life, Media, Monetary Policy, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Radio, Raymond Thomas Pronk, Regulation, Resources, Rule of Law, Security, Senate, Tax Policy, Taxation, Taxes, Technology, Trade Policy, Unemployment, United States of America, Videos, War, Wealth, Weather, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Image result for branco cartoons on trump tax reformImage result for fairtax

Image result for branco cartoons on trump tax reform

Image result for branco cartoons on trump tax reform

Image result for branco cartoons on trump tax reform

Image result for branco cartoons on trump tax reform

 

Image result for average quarter to quarter real gdp growth

Image result for average quarter to quarter real gdp growth

Image result for annual real gdp growth 1950-2017

Image result for annual real gdp growth 1950-2017 u.S. economy

Image result for annual real gdp growth 1950-2017 u.S. economy

Image result for annual real gdp growth 1950-2017 u.S. economy

Story 1: President Trump’s Tax Speech — Very Light On Specifics — Let Congress Fill in The Details — Formula For Failure — Tax Rate Cuts Are Not Fundamental Tax Reform — A Broad Based Consumption Tax Such as The FairTax or Fair Tax Less Not Even Mentioned — What Good Is Dreaming It If You don’t actually do it! — Videos —

FULL. President Trump speech on tax reform in Springfield, Missouri. August 30, 2017.

Special Report with Bret Baier 8/30/17 – Special Report Fox News August 30, 2017 TRUMP TAX REFORM

Destroy Trump Media – President Trump Pitches Tax Reform Plan – Kellyanne Conway – Hannity

President Trump’s tax plan

Will US Markets Finally Get Tax Reform – 29 Aug 17 | Gazunda

Keiser Report: The bizarre decade (E1117)

Dan Mitchell on GOP Tax Reform Wrangling, Part I

Dan Mitchell on GOP Tax Reform Wrangling, Part II

Dan Mitchell Discussing the Fate of Tax Cuts and Tax Reform

How Trump’s tax plan impacts average Americans

Trump’s Tax Cut Plan Alienates His Base

Cohn Says White House Is Concerned About U.S. Wages

Gary Cohn on the Trump administration taking on tax loopholes

As White House Cracks Show, Are Rex Tillerson and Gary Cohn Headed Out? | Morning Joe | MSNBC

Gary Cohn’s take on tax reform

Limbaugh Airs Montage Of The ‘3 LIES’ Media Said After Trump’s Tax Speech

Trump’s tax cuts will be done before Thanksgiving: Grover Norquist

Donald Trump Is To Give Speech On Tax Reform But He Has No Tax Reform Plan | The 11th Hour | MSNBC

Freedom from the IRS! – FairTax Explained in Detail

Mark Levin: Donald Trump gave a good speech on tax reform (August 30 2017)

Why U.S. Tax Reform Isn’t Likely in 2017

Milton Friedman – Why Tax Reform Is Impossible

Honda – “Impossible Dream” Power of Dreams Advert Full

 

Trump’s Tax Reform Plan Targets Middle-Class Tax Complexity

Policy director at Competitive Enterprise Institute

President Trump visited Missouri to talk about tax reform, stressing simplicity and middle-class tax relief and “plans to bring back Main Street by reducing the crushing tax burden on our companies and on our workers.”

Noting the elimination of “dozens of loopholes,” special interest carve-outs, and the reduction of brackets and rates that Congress achieved three decades ago, Trump said, “the foundation of our job creation agenda is to fundamentally reform our tax code for the first time in more than 30 years. I want to work with Congress, Republicans and Democrats alike, on a plan that is pro-growth, pro-jobs, pro-worker — and pro-American.”

We’re about to re-enter Obamacare repeal-style complexity and venom, but it’s important, I think, for the public to see the tax reform debate as something other than a campaign to benefit business. The U.S. does have comparatively high corporate tax rates. And the Econ 101 lesson on tax incidence shows that consumers pay much of the corporate tax, not the company.

It’s probable some Democrats would like to reform the tax code, especially come 2016, but the zero-tolerance of Trump, such as that seen at the Commonwealth Club when Sen. Diane Feinstein was barely favorable toward him, prevails.

But things can turn on a dime, as the response, likely bipartisan, to Hurricane Harvey may further show. And separately the controversial debt limit needs to be addressed no matter what (hopefully with parallel cuts in regulatory costs), and that debate will influence the trajectory of tax reform.

My broader point here though is is that taxation is just the beginning of the story when it comes to the complexity of regulatory compliance. The economy marinates in compliance burdens to service noble ends, but sometimes serve regulators instead. Trump characterized the Internal Revenue Service’s unfairness to the typical taxpayer like this:

The tax code is now a massive source of complexity and frustration for tens of millions of Americans.

In 1935, the basic 1040 form that most people file had two simple pages of instructions. Today, that basic form has one hundred pages of instructions, and it’s pretty complex stuff. The tax code is so complicated that more than 90 percent of Americans need professional help to do their own taxes.

This enormous complexity is very unfair. It disadvantages ordinary Americans who don’t have an army of accountants while benefiting deep-pocketed special interests. And most importantly, this is wrong.

There’s solid backup for what Trump’s talking about in terms of pubic burdens, even if some are disinclined  to reckon with it, or if their allegiances require professing public disdain for corporations (one of the great democratizing forces in human history, but that’s another story).

The Government Accountability Office (GAO) agrees, I think, that Trump’s example of the IRS is a good one. In the course of a project I have of compiling examples of government proclamationsthat are not laws from Congress, nor even formal regulations from agencies, but instead “memoranda” and “guidance,” the IRS emerged as a leading “offender.”

A September 2016 GAO report called  “Regulatory Guidance Processes: Treasury and OMB Need to Reevaluate Long-standing Exemptions of Tax Regulations and Guidance,” looked at the Internal Revenue Service’s hierarchy of law, regulations, guidance, and explanatory material with respect to communicating interpretation of tax laws to the public.

It’s an eye-opener.

A pyramid diagram presented by GAO was topped by the Internal Revenue Code, as passed by Congress. Beneath that, in widening stages, one finds “Treasury Regulations,” “Internal Revenue Bulletins,” (IRB), “Written Determinations,” and “Other IRS Publications and Information.” The IRS regards the bulletins as generally authoritative, while determinations tend to apply to individual taxpayers.

That’s a lot of public guidance, difficult to absorb.

As the GAO explains:

Treasury and IRS are among the largest generators of federal agency regulations and they issue thousands of other forms of taxpayer guidance. IRS publishes tax regulations and other guidance in the weekly IRB. Each annual volume of the IRB contains about 2,000 pages of regulations and other guidance documents.

From 2013 to 2015, each annual Internal Revenue Bulletin edition contained some 300 guidance documents; back in 2002-2008, about 500.

When one sees such document proliferation from the IRS, an impartial observer might surmise the time for tax reform and simplification has arrived.

Likewise, when regulatory guidance multiplies that applies to various sectors—like finance, Internet, health care—one might similarly conclude the time has come for Congress to enact regulatory liberalization. Trump mentioned cutting the overall federal regulatory burden in the Missouri speech, too.

We knew it all along, but paying taxes also requires paying a lot of attention to regulations. In more ways than one, tax reform and regulatory reform go hand in hand.

https://www.forbes.com/sites/waynecrews/2017/08/30/trumps-tax-reform-plan-targets-middle-class-tax-complexity/#31fda3736ef8

Ann Coulter goes off on Trump over taxes, saying he delivered his ‘worst, most tone-deaf speech’

Conservative author Ann Coulter rebuked President Donald Trump over his speech on Wednesday in which he rolled out the broad outline of his tax reform plan.

In a slew of tweets on Wednesday, the firebrand conservative pundit said the president’s focus on simplifying the tax code and lowering business taxes to 15% was missing an opportunity to prioritize some of his more incendiary, but unique, policy objectives, including building a southern border wall and deporting immigrants living in the US without permission.

This isn’t a “once in a lifetime” shot at tax cuts! EVERY GOP cuts taxes! This is “once in a lifetime” shot to save US: Wall & deportations!

Bush cut taxes! Did it create millions of jobs? Nope. The rich pocketed their tax cut & sent jobs abroad, hired guest workers. F– them.

It’s so obvious Trump’s only getting polite applause for tax cuts. Want to get the crowd hollering, @realDonaldTrump? Talk about THE WALL!

It’s like Night of the Living Dead watching our beloved @realDonaldTrump go to DC & start babbling the same old GOP nonsense on tax cuts.

Tax cuts are a 2d term issue. 1st term: BUILD THE WALL, End DACA, Deport Illegals, No Refugees, No Muslims, Immigrn Moratorium. SAVE USA!

Cutting taxes doesn’t do a damn thing for wages if you allow businesses to keep bringing in cheap foreign labor!

To create jobs for AMERICANS, no more cheap foreign workers, CUT REGULATIONS & cut corporate taxes. (NOT income taxes.)

Coulter particularly singled out the similarities between Trump’s plan and a hypothetical plan that other Republicans like former Florida Gov. Jeb Bush would’ve put forward.

This speech could have been given by Jeb! — except even he wouldn’t have talked about the govt helping yuppie women with child care costs.

Oh stop pretending this is about letting “families” keep more of their money. HALF OF AMERICANS DON’T PAY TAXES! This is for Wall Street.

Indeed, beyond the prominent former Wall Street figures playing key roles in overhauling the tax code, Trump’s administration has absorbed some financial figures from Bush’s policy world.

Notably, Bush’s former senior policy director Justin Muzinich joined the Treasury Department in March to work closely with Treasury Secretary Steve Mnuchin on “major policy initiatives” and on tax reform.

Over the past several months, Coulter has increasingly criticized Trump and mocked him on social media and in interviews, saying that he has not fulfilled his anti-immigration campaign promises.

“The millions of people who haven’t voted for 30 years and came out to vote for Trump, thinking, ‘Finally, here’s somebody who cares about us’ — Nope!” Coulter told The Daily Beast after former chief strategist Steve Bannon left the White House earlier this month. “Republicans, Democrats — doesn’t matter. Jeb exclamation point, Donald Trump, Hillary Clinton — doesn’t matter. Goldman Sachs is running the country.”

http://www.businessinsider.com/ann-coulter-trump-taxes-speech-2017-8

 

Who Pays Income Taxes?

The charts below illustrate the share of taxes paid by income percentiles for Tax Year 2014, the most recent set of data available from the IRS. NTUF has broken down the federal share of income taxes by gross income to show how much each bracket contributes yearly.

For more information:

 

https://e.infogr.am/38b876d9-6c59-4a84-8b02-1ed223f6a454?src=embed

https://www.ntu.org/foundation/page/who-pays-income-taxes

Trump Hits The Road To Promote Tax Cuts (Details To Come)

President Trump participates in a tax overhaul kickoff event at the Loren Cook Company in Springfield, Mo., on Wednesday.

Jim Watson/AFP/Getty Images

Updated at 5:25 p.m. ET

President Trump called for a major rewrite of the U.S. tax code during a visit to Springfield, Mo., on Wednesday afternoon. The speech came a day after Trump’s trip to Harvey-hit Texas and is the first in what is expected to be a series of traveling sales pitches on taxes from the president.

But the White House is not ready to spell out what the rewrite will look like or what kind of price tag it will carry. Trump spoke in broad terms about creating a tax system that favors middle-class Americans and keeps business in the U.S.

“First and foremost our tax system should benefit loyal, hardworking Americans and their families. That is why tax reform must dramatically simplify the tax code, eliminate special-interest loopholes,” he said.

Trump called on Congress to join him and “unite in the name of common sense and the name of common good” to create jobs and improve America’s “competitive advantage.”

“I am fully committed to working with Congress to get this job done, and I don’t want to be disappointed by Congress,” he said.

Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn have been meeting regularly with Republican congressional leaders to discuss tax policy. Thus far, though, they’ve committed only to a vague statement of principles that calls for lower tax rates on both individuals and businesses. Cohn said it will be up to lawmakers to fill in the details.

“We’ve got a great, I would say, skeleton,” Cohn told reporters earlier this month. “We need the Ways and Means Committee to put some muscle and skin on the skeleton and drive tax reform forward. And it’s our objective to do that between now and the end of the year.”

With Republicans in control of the House, Senate and the presidency, supporters have described this as a once-in-a-generation opportunity to overhaul the tax code in accordance with GOP principles. But after Trump’s insistence on swift, ultimately unsuccessful bids to repeal the Affordable Care Act, some observers are skeptical that Trump has the patience or discipline to see a tax overhaul through to completion.

Mnuchin insists tax cuts are now Trump’s No. 1 priority.

“He’s going to go on the road,” Mnuchin said. “The president is 100 percent supportive of us passing legislation this year.”

The White House has been promising such a sales campaign for weeks, only to see much of August consumed with controversy over the president’s Charlottesville, Va., remarks and his intraparty carping with fellow Republicans, including Senate Majority Leader Mitch McConnell, R-Ky.

Mnuchin conceded that rewriting the tax code is a taller order than he initially imagined.

“Earlier in the year I said I thought we’d get it done by August, and I was wrong,” the Treasury secretary said. “I am now going to say that I’m very hopeful, and I think we can get this done by the end of the year, but we will continue to revisit it.”

“The president’s leadership on this is critical,” said a senior White House official who briefed reporters on the Springfield trip. “Everybody involved understands that and believes that. And he is ready to really take this conversation where it belongs and that’s the heartland of America.”

The official spoke on condition of anonymity.

“The president now feels that it’s the right time to begin engaging directly with the American people on tax reform,” he said.

The administration argues the current tax code is too complicated and rates are too high to encourage investment in the U.S.

“We are not competitive with the rest of the world on the business tax and on the personal income tax,” Cohn said.

Neither the White House nor congressional leaders have spelled out how much lower tax rates should go, nor have they specified how the government would make up the lost revenue. They’re counting on faster economic growth to help close the gap. They’ve also promised to eliminate unspecified tax “loopholes,” which Trump called out multiple times in his speech on Wednesday.

Back in April, the White House proposed lowering the corporate tax rate from 35 percent to 15 percent while reducing the top individual tax rate from 39.6 percent to 35 percent. That’s broadly similar to a proposal Trump put forward during the presidential campaign. The nonpartisan Tax Policy Center said at the time 78 percent of the tax savings in Trump’s campaign plan would go to people on the top 20 percent of the income ladder. (Nearly a quarter would go to the top one-tenth of 1 percent.)

The campaign plan was also forecast to reduce government revenue by more than $6 trillion over a decade — a gap that would be difficult to erase through growth and loophole closings.

The White House has said it wants to preserve deductions for charitable contributions, retirement savings and mortgage interest.

One popular tax break that could be on the chopping block is the deduction for state and local taxes. That’s one of the biggest loopholes in the tax code. Eliminating it would boost federal revenues by an estimated $1.3 trillion over a decade. The tax break is particularly popular with residents in the Northeast and West Coast, typically blue states with relatively high tax rates.

House Speaker Paul Ryan, R-Wis., favored a so-called border adjustment tax on imports as another way to raise revenue and offset the cost of income tax cuts. But lawmakers ultimately scrapped that idea after consultation with the administration.

Senate Republicans plan to use a procedural tactic to prevent Democrats from blocking the tax overhaul with a filibuster. Under Senate rules, though, any measure passed with that tactic must not add to the federal deficit for more than 10 years.

This presents a choice for Republicans: Go with a more modest tax cut that can be offset by growth and closing loopholes, or opt for a more ambitious cut but allow it to sunset after a decade.

For all the challenges, GOP lawmakers are under political pressure to pass something they can brand as “tax reform.” Otherwise, they’ll have to face voters in 2018 with little to show for two years of single-party rule.

http://www.npr.org/2017/08/30/547114024/trump-hits-the-road-to-promote-tax-cuts-details-to-come

 

Trump’s Fill-in-the-Blanks Tax Reform Plan

The president is leaving the details to Republicans in Congress. Only they haven’t figured them out yet, either.

Alex Brandon / AP

notable

On Wednesday, President Trump traveled to Missouri to expand on the need for tax reform, to lay the groundwork for a major legislative push in Congress this fall. But more than anything else, what Trump’s speech revealed was that despite months of behind-the-scenes negotiations, Republicans aren’t much closer to enacting the most significant overhaul of the tax code in 30 years than they were back in April.

Trump was pitching a plan that doesn’t exist and demanding votes for a bill that hasn’t been written. If anything, the address the president delivered was even less detailed than the skimpy blueprint the White House issued in the spring. The most specific item Trump mentioned—a 15 percent corporate tax rate, down from the current 35 percent—is something that Republican tax-writers on Capitol Hill believe is impossible to achieve under the parameters with which they must work. He talked in broad terms about simplifying the code so that it’s easier for people to file their taxes, removing unspecified special interest loopholes, and encouraging businesses to bring back profits they’ve parked overseas—all policies that have been central to GOP proposals for years and offer little indication of the particular direction the party plans to go.

This was a bully pulpit speech. Having laid down his principles, Trump is once again leaving the dirty work to Congress, a strategy that even he seemed to acknowledge was as risky as it is politically necessary. “I don’t want to be disappointed by Congress, do you understand me? Do you understand?” he warned at one point, a none-too-subtle reference to his recent hectoring over the GOP’s failure to deliver on health care.

To the delight of Republican leaders, the one lawmaker Trump singled out for pressure was not one of their own; for the first time in weeks, the president picked on a Democrat, Missouri Senator Claire McCaskill, who is up for reelection in a state he won easily in November. If McCaskill doesn’t vote for tax reform—whatever it turns out to be—“you have to vote her out of office,” Trump demanded of the crowd.

Top Republicans were evidently pleased with the speech, or at least with the fact that the president stuck to the message they were told beforehand he would deliver. Within minutes after it ended, statements (undoubtedly prewritten) flowed in with glowing reviews. “President Trump is taking the case for tax reform straight to Main Street,” House Speaker Paul Ryan said. “We are united in our determination to get this done.” Representative Kevin Brady, the chairman of the Ways and Means Committee, said his remarks were “excellent.” Even members of Trump’s Cabinet that have no role in tax reform, like Health and Human Services Secretary Tom Price, or in domestic politics whatsoever, like Secretary of State Rex Tillerson, chimed in with praise.Yet while Trump talked at length about the need for tax reform, he said little about how Republicans would get it done. And that’s because they still don’t know themselves. GOP leaders haven’t made several crucial decisions. Will the legislation be a revenue-neutral tax reform that fully offsets the reduction in rates by eliminating costly—and popular—exemptions and deductions? Or will it be a more straightforward tax cut, that would likely have to expire within a decade to comply with Senate rules? How low will they try to push down the corporate rate? About all they’ve determined is that 15 percent is too low, but will it be closer to 20 percent or 25 percent? And on, and on.
The Ways and Means Committee is currently writing the tax bill, but the only timeline they’ve set is to get it done by the end of 2018. The longer they take to write it, however, the less realistic that deadline becomes. And as I explainedearlier this month, Republicans must first pass a budget before they can even get to tax reform, which, to this point, has been no easy task.These unresolved details have also tripped up Trump’s messaging toward Democrats. Does he want their support, or are Republicans planning to do it alone as they tried to do on health care? In his speech, the president started out by saying he wanted to work with both parties to enact tax reform. Later on, however, he attacked Democrats as “obstructionists” and called out McCaskill. By the end, he was back where he began, saying tax reform was an issue on which lawmakers should put aside partisanship.Democrats say there’s been no outreach from the administration on taxes, and they’ve noted that Republicans are, for now, planning to use the same budget reconciliation process on tax reform that they used in trying to repeal the Affordable Care Act. That would allow them to skirt a Democratic filibuster and pass tax reform with a simple majority of 51 votes in the Senate. Unlike Obamacare repeal, some Democrats have expressed a willingness to work with the administration on taxes, so long as the GOP plan is not skewed to benefit the wealthy. With so few details, they were unimpressed with Trump’s speech in Missouri. “Stepping to the podium to declare that we need tax reform does not signal leadership on this issue; rather, doing so without offering any proposals on how to achieve it is an abdication,” said Representative Steny Hoyer of Maryland, the second-ranking House Democrat. “If the president is serious about tax reform, he should focus on the how, not the why.”Trump is not a detail-oriented president. That much is clear. But while he may be able to stick to broad strokes in rally-the-public speeches and leave the rest to Congress, his party will eventually have to make the tough decisions about who’s going to pay more, who gets to pay less, and by how much. Until that happens, tax reform isn’t going anywhere.

https://www.theatlantic.com/politics/archive/2017/08/trumps-fill-in-the-blanks-tax-reform-plan/538509/

Trump’s populist message on taxes comes with heavy dose of corporate rate cuts

Trump’s speech didn’t mask the fact that lawmakers still face a wide range of knotty questions when they return to Washington next week.

08/30/2017 01:59 PM EDT

Updated 08/30/2017 04:08 PM EDT

Trump maintained that a new tax system was crucial to ushering in a new prosperity in the U.S., in a speech that White House officials acknowledged beforehand would be light on policy details.

“Instead of exporting our jobs, we will export our goods. Our jobs will both stay here in America and come back to America. We’ll have it both ways,” Trump said at a Springfield, Mo., manufacturer, adding that millions of people would move from welfare to work and “will love earning a big fat beautiful paycheck.”

“We believe that ordinary Americans know better than Washington how to spend their own money and we want to help them take home as much of their money as possible and then spend it,” he said. “So they’ll keep their money, they’ll spend their money, they’ll buy our product.”

But Trump’s speech also underscored just how big a challenge he and a Republican Congress will face in pulling off a true overhaul of the tax code. The president only briefly touched on policy details, saying that businesses would “ideally” be taxed at a top rate of 15 percent and that the tax code would contain incentives for child care — a top priority of his daughter, Ivanka Trump.

“I am fully committed to working with Congress to get this job done,” Trump said. “And I don’t want to be disappointed by Congress. Do you understand me?”

Trump’s speech was aimed at showing that Republicans have the message down on tax reform, but lawmakers have yet to confront the monumental task of turning the rhetoric into reality.

Senior White House officials this week repeatedly billed the president’s speech as an address focused on why tax reform needs to happen, not how it will materialize. That’s the sort of big-picture cover on taxes that Trump didn’t offer congressional leaders in their doomed efforts to repeal and replace Obamacare.

But while congressional leaders undoubtedly welcome the president making the broad case for a tax revamp, Trump’s speech doesn’t mask the fact that lawmakers still face a wide range of knotty questions when they return to Washington next week.

Republicans still have to figure out how to pass a budget this fall, a process that will play a big role in deciding how generous a tax plan they can write. They also have to decide whether tax changes should be permanent or temporary, or a mix of the two, and whether their plan should be a net tax cut that would add to the deficit.

And that’s before they will feel the full brunt of a massive lobbying push on what would be the first major tax overhaul in more than 30 years. Already, GOP lawmakers are starting to hear from industries that might be the losers in a tax overhaul, such as big corporations that don’t want a minimum tax on foreign earnings and a retirement sector wary of potential changes to savings plans.

The hurdles won’t be limited to policy, either, after a summer that saw both sides of Pennsylvania Avenue grow increasingly wary of the other as the GOP’s health care efforts imploded. Republicans on Capitol Hill steamed privately in July that Trump’s obsession with White House infighting and the Russia controversy was a major factor in the death of the repeal effort. They’re crossing their fingers that he won’t be so easily distracted on tax reform.

 

Fact-checking President Trump’s speech on his tax plan

 August 31 at 3:00 AM
The Fact Checker’s round-up of five fishy claims made by President Trump in his speech on Aug. 30. (Meg Kelly/The Washington Post)

President Trump on Wednesday delivered an address on his “principles” for a tax plan in Springfield, Mo., though he provided few details. He also shifted from extolling how well the economy is doing to language that suggested the United States was suffering terribly. As usual, some of the president’s  facts and figures were a bit fishy, so here’s a roundup of 10 of his claims.

“In the last 10 years, our economy has grown at only around 2 percent a year.”

This is misleading. By going back 10 years, Trump includes the worst recession since the Great Depression, which brings down the 10-year average. This chart shows that that quarterly average since the recession was well above 2 percent, even hitting 5 percent in the third quarter of 2014. The GDP growth rate for the United States averaged 3.22 percent from 1947 to 2017.


Source: Bureau of Economic Analysis via Federal Reserve Bank of St. Louis

“We just announced that we hit 3 percent in GDP. Just came out. And on a yearly basis, as you know, the last administration, during an eight-year period, never hit 3 percent.

Trump plays some sleight-of-hand with the numbers. He first cites an annualized quarterly figure — 3 percent GDP growth in the second quarter of 2017 — and then compares it to what appears to be calendar-year figures for former president Barack Obama.

As the chart above shows, the economy grew better than 3 percent in eight quarters during Obama’s presidency, most recently in the third quarter of 2016. (Technically, this is known as “annualized quarterly change” or SAAR — seasonally adjusted at annual rate.) Trump gets his terminology wrong, using the phrase “yearly basis,” which could mean from the third quarter of 2015 to the the third quarter of 2016, in which case Obama easily exceeded 3 percent numerous times. On an annual basis, Obama’s best year was 2015, when annual growth was 2.6 percent.

“If we achieve sustained 3 percent growth, that means 12 million new jobs and $10 trillion of new economic activity over the next decade. That’s some numbers.”

With this statement, Trump downgrades promises he made during the 2016 campaign — he said he would achieve 4 percent GDP growth and 25 million jobs over 10 years.

“In 1935, the basic 1040 form that most people file had two simple pages of instruction. Today, that basic form has 100 pages of instructions, and it’s pretty complex stuff.”

Trump is correct that in 1935, the basic 1040 individual income tax form had two pages of instructions, but this claim needs historical context.

There are many reasons the instructions were so simple back then — including that just about 4 percent of the population paid the federal individual income tax. In 1935, the individual income tax largely was a tax on the wealthy. In fact, the top rate in 1935 was 63 percent — and President Franklin D. Roosevelt raised it to 75 percent later that year.

This changed with World War II. “Driven by staggering revenue needs, lawmakers in both parties agreed to raise taxes on everyone: rich, poor, and — especially — the middle class,” wrote Joseph Thorndike, director of the Tax History Project.

“The tax code is so complicated that more than 90 percent of Americans need professional help to do their own taxes.”

This is misleading. The 90 percent figure he is referring to includes people using tax software, such as Turbo Tax, which helps people file their taxes on their own. According to the National Taxpayer Advocate’s 2016 report, 54 percent of individual taxpayers pay preparers and about 40 percent of individual taxpayers use software that costs about $50 or more.

Yet later during the speech, he made it sound as if the “professional help” is only referring to hired accountants: “That is why tax reform must dramatically simplify the tax code … and allow the vast majority of our citizens to file their taxes on a single, simple page without having to hire an accountant.”

“Our last major tax rewrite was 31 years ago. It eliminated dozens of loopholes and special interest tax breaks, reduced the number of tax brackets from 15 to two, and lowered tax rates for both individuals and businesses. At the time it was really something special … In 1986, Ronald Reagan led the world by cutting our corporate tax rate to 34 percent. That was below the average rate for developed countries at the time. Everybody thought that was a monumental thing that happened. But then, under this pro-America system, our economy boomed. It just went beautifully right through the roof. The middle class thrived, and median family income increased.”

Trump heaped praise on Reagan’s Tax Reform Act of 1986, which simplified tax brackets and eliminated tax shelters; it also lowered the top individual tax rate to 28 percent but raised the capital gains rate to the same level, giving them parity. But this is a rather strange flip-flop because Trump always has been a fierce critic of the bill, blaming it repeatedly for the savings and loan crisis, a decline in real estate investing and the 1990-1991 recession.

“This tax act was just an absolute catastrophe for the country, for the real estate industry, and I really hope that something can be done,” Trump told Congress in 1991. In a television interview with Joan Rivers, he said: “What caused the savings and loan crisis was the 1986 tax law change. It was a disaster. It took all of the incentives away from investors.”

Trump also frequently attacked one of the Democratic sponsors of the bill, Sen. Bill Bradley (D-N.J.), such as in a Wall Street Journal commentary in 1999. “Mr. Bradley’s last big idea to be enacted into legislation was also one of the worst ideas in recent history,” Trump wrote, saying Bradley was responsible for the elimination of a tax shelter for real estate investments. (He said the good parts of the bill could be attributed to Reagan.)

“We lost the jobs. We lost the taxes. They closed the buildings. They closed the plants and factories. We got nothing but unemployment. We got nothing.”

As Trump frequently notes, the unemployment rate in July was 4.3 percent — the lowest level in 16 years. So this overwrought language seems misplaced.

“We have gone from a tax rate that is lower than our economic competitors, to one that is more than 60 percent higher. … In other words, foreign companies have more than a 60 percent tax advantage over American companies.”

The United States certainly has one of the highest statutory corporate tax rates in the world, currently pegged as high as 39.1 percent when including state taxes. (The federal rate is 35 percent.) Trump says it is 60 percent higher than “our economic competitors,” comparing 39.1 percent to the average rate for the other members of the Organization for Economic Co-operation and Development, which is 25.5 percent when not weighted for GDP. (It is 29.6 percent when weighted for GDP.)

But the official rate does not necessarily tell the whole story. What also matters is the actual tax a company pays, after deductions and tax benefits. That is known as the effective tax rate, which can be calculated differently depending on the survey. According to the Congressional Research Service, the effective rate for the United States is 27.1 percent, compared to an effective GDP-weighted average of 27.7 percent for the OECD. “Although the U.S. statutory tax rate is higher, the average effective rate is about the same, and the marginal rate on new investment is only slightly higher,” the CRS says.

The Congressional Budget Office, when it examined the issue, said the U.S. effective tax rate was 18.6 percent, which it said was among the highest of the biggest economic powers, the Group of 20.

Trump, naturally, used the numbers that suggest the difference is really huge.

“Today, we are still taxing our businesses at 35 percent, and it’s way more than that. And think of it, in some cases, way above 40 percent when you include state and local taxes in various states. The United States is now behind France, behind Germany, behind Canada, Ireland, Japan, Mexico, South Korea and many other nations.”

As we noted, the statutory federal corporate tax rate in the United States is 35 percent, making the United States the highest among G-20 countries, including the countries Trump listed. But the effective corporate tax rate in the United States in 2012 was 18.6 percent, making it the fourth highest among G-20 countries, behind Argentina, Japan and Britain, according to the CBO.

“Because of our high tax rate and horrible, outdated, bureaucratic rules, large companies that do business overseas will often park their profits offshore to avoid paying a high United States tax if the money is brought back home. So they leave the money over there. The amount of money we’re talking about is anywhere from $3 trillion to $5 trillion.”

There are no official, current numbers on the profits held overseas by U.S. companies, just estimates. The White House would not respond to a query on where Trump is getting these numbers, but his high-end figure appears to be an exaggeration. The Internal Revenue Service in 2012 said the figure was $2.3 trillion, and the Joint Committee on Taxation estimated that it had risen to $2.6 trillion in 2015. There are other estimates as well, but none top $2.8 trillion, according to PolitiFact.

https://www.washingtonpost.com/news/fact-checker/wp/2017/08/31/fact-checking-president-trumps-speech-on-his-tax-plan/?utm_term=.8ea0dc0c4d24

973 oil crisis

From Wikipedia, the free encyclopedia

The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War.[1] The initial nations targeted were CanadaJapan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to PortugalRhodesia and South Africa. By the end of the embargo in March 1974,[2] the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher. The embargo caused an oil crisis, or “shock”, with many short- and long-term effects on global politics and the global economy.[3] It was later called the “first oil shock”, followed by the 1979 oil crisis, termed the “second oil shock.”

Summary

The embargo was a response to American involvement in the 1973 Yom Kippur War. Six days after Egypt and Syria launched a surprise military campaign against Israel, the US supplied Israel with arms. In response to this, the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) announced an oil embargo against CanadaJapan, the Netherlands, the United Kingdom and the United States.[4]

The crisis had a major impact on international relations and created a rift within NATO. Some European nations and Japan sought to disassociate themselves from United States foreign policy in the Middle East to avoid being targeted by the boycott. Arab oil producers linked any future policy changes to peace between the belligerents. To address this, the Nixon Administration began multilateral negotiations with the combatants. They arranged for Israel to pull back from the Sinai Peninsula and the Golan Heights. By January 18, 1974, US Secretary of State Henry Kissinger had negotiated an Israeli troop withdrawal from parts of the Sinai Peninsula. The promise of a negotiated settlement between Israel and Syria was enough to convince Arab oil producers to lift the embargo in March 1974.[2]

Graph of oil prices from 1861–2015, showing a sharp increase in 1973 and again during the 1979 energy crisis. The orange line is adjusted for inflation.

Independently, OAPEC members agreed to use their leverage over the world price-setting mechanism for oil to stabilize their incomes by raising world oil prices after the recent failure of negotiations with Western oil companies.

The embargo occurred at a time of rising petroleum consumption by industrialized countries and coincided with a sharp increase in oil imports by the world’s largest oil consumer, the United States. In the aftermath, targeted countries initiated a wide variety of policies to contain their future dependency.

The 1973 “oil price shock”, with the accompanying 1973–74 stock market crash, was regarded as the first discrete event since the Great Depression to have a persistent effect on the US economy.[5]

The embargo’s success demonstrated Saudi Arabia‘s diplomatic and economic power. It was the largest oil exporter and a politically and religiously conservative kingdom.

Background

US oil production decline

In 1970, US oil production started to decline, exacerbating the embargo’s impact.[6] Following this, Nixon named James E. Akins as US Ambassador to Saudi Arabia to audit US production capacity. The confidential results were alarming—no spare capacity was available and production could only decrease.

USA oil production and imports. As shown, the import spike starts from the US production peak, and the embargo has little effect.

The oil embargo had little effect on overall supply, according to Akins.[7]

OPEC

The Organization of the Petroleum Exporting Countries (OPEC), which then comprised 12 countries, including Iran, seven Arab countries (IraqKuwaitLibyaQatarSaudi Arabia and the United Arab Emirates), plus VenezuelaIndonesiaNigeria and Ecuador, was formed at a Baghdad conference on September 14, 1960. OPEC was organized to resist pressure by the “Seven Sisters” (seven large, Western oil companies) to reduce oil prices.

At first, OPEC operated as an informal bargaining unit for resource-rich third-world countries. OPEC confined its activities to gaining a larger share of the profits generated by oil companies and greater control over member production levels. In the early 1970s it began to exert economic and political strength; the oil companies and importing nations suddenly faced a unified exporter bloc.

End of the Bretton Woods currency accord

On August 15, 1971, the United States unilaterally pulled out of the Bretton Woods Accord. The US abandoned the Gold Exchange Standard whereby the value of the dollar had been pegged to the price of gold and all other currencies were pegged to the dollar, whose value was left to “float” (rise and fall according to market demand).[8] Shortly thereafter, Britain followed, floating the pound sterling. The other industrialized nations followed suit with their respective currencies. Anticipating that currency values would fluctuate unpredictably for a time, the industrialized nations increased their reserves (by expanding their money supplies) in amounts far greater than before. The result was a depreciation of the dollar and other industrialized nations’ currencies. Because oil was priced in dollars, oil producers’ real income decreased. In September 1971, OPEC issued a joint communiqué stating that, from then on, they would price oil in terms of a fixed amount of gold.[9]

This contributed to the “Oil Shock”. After 1971, OPEC was slow to readjust prices to reflect this depreciation. From 1947 to 1967, the dollar price of oil had risen by less than two percent per year. Until the oil shock, the price had also remained fairly stable versus other currencies and commodities. OPEC ministers had not developed institutional mechanisms to update prices in sync with changing market conditions, so their real incomes lagged. The substantial price increases of 1973–1974 largely returned their prices and corresponding incomes to Bretton Woods levels in terms of commodities such as gold.[10]

Yom Kippur War

On October 6, 1973, Syria and Egypt, with support from other Arab nations, launched a surprise attack on Israel, on Yom Kippur.[11] This renewal of hostilities in the Arab–Israeli conflict released the underlying economic pressure on oil prices. At the time, Iran was the world’s second-largest oil exporter and a close US ally. Weeks later, the Shah of Iran said in an interview: “Of course [the price of oil] is going to rise… Certainly! And how!… You’ve [Western nations] increased the price of the wheat you sell us by 300 percent, and the same for sugar and cement… You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you’ve paid us… It’s only fair that, from now on, you should pay more for oil. Let’s say ten times more.”[12]

On October 12, 1973, US president Richard Nixon authorized Operation Nickel Grass, a strategic airlift to deliver weapons and supplies to Israel, after the Soviet Union began sending arms to Syria and Egypt.

Embargo

In response to American aid to Israel, on October 16, 1973, OPEC raised the posted price of oil by 70%, to $5.11 a barrel.[13] The following day, oil ministers agreed to the embargo, a cut in production by five percent from September’s output and to continue to cut production in five percent monthly increments until their economic and political objectives were met.[14] On October 19, Nixon requested Congress to appropriate $2.2 billion in emergency aid to Israel, including $1.5 billion in outright grants. George Lenczowski notes, “Military supplies did not exhaust Nixon’s eagerness to prevent Israel’s collapse…This [$2.2 billion] decision triggered a collective OPEC response.”[15] Libya immediately announced it would embargo oil shipments to the United States.[16] Saudi Arabia and the other Arab oil-producing states joined the embargo on October 20, 1973.[17] At their Kuwait meeting, OAPEC proclaimed the embargo that curbed exports to various countries and blocked all oil deliveries to the US as a “principal hostile country”.[15]

Price increases were also imposed greatly. Since short-term oil demand is inelastic, immediate demand falls little when the price rises. Thus, market prices rose from $3 per barrel to $12 per barrel to reduce demand to the new, lower level of supply.[18] The world financial system, which was already under pressure from the Bretton Woods breakdown, was set on a path of recessions and inflation that persisted until the early 1980s, with oil prices remaining elevated until 1986.

The price of oil during the embargo. The graph is based on the nominal, not real, price of oil, and so overstates prices at the end. However, the effects of the Arab Oil Embargo are clear—it effectively doubled the real price of crude oil at the refinery level, and caused massive shortages in the U.S.

Over the long term, the oil embargo changed the nature of policy in the West towards increased exploration, alternative energy research, energy conservation and more restrictive monetary policy to better fight inflation.[19]

Chronology

  • January 1973—The 1973–74 stock market crash commences as a result of inflation pressure and the collapsing monetary system.
  • August 23, 1973—In preparation for the Yom Kippur War, Saudi king Faisal and Egyptian president Anwar Sadat meet in Riyadh and secretly negotiate an accord whereby the Arabs will use the “oil weapon” as part of the military conflict.[20]
  • October 6—Egypt and Syria attack Israeli-occupied lands in the Sinai Peninsula and Golan Heights on Yom Kippur, starting the 1973 Arab–Israeli War.
  • Night of October 8—Israel goes on full nuclear alert. Kissinger is notified on the morning of October 9. United States begins to resupply Israel.
  • October 8–10—OPEC negotiations with major oil companies to revise the 1971 Tehran price agreement fail.
  • October 12—The United States initiates Operation Nickel Grass, a strategic airlift to provide replacement weapons and supplies to Israel. This followed similar Soviet moves to supply the Arab side.
  • October 16—Saudi Arabia, Iran, IraqAbu DhabiKuwait and Qatar raise posted prices by 17% to $3.65 per barrel and announce production cuts.[21]
  • October 17—OAPEC oil ministers agree to use oil to influence the West’s support of Israel. They recommended an embargo against non-complying states and mandated export cuts.
  • October 19—Nixon requests Congress to appropriate $2.2 billion in emergency aid to Israel, which triggers a collective Arab response.[15] Libya immediately proclaims an embargo on oil exports to the US.[16] Saudi Arabia and other Arab oil-producing states follow the next day.[16]
  • October 26—The Yom Kippur War ends.
  • November 5—Arab producers announce a 25% output cut. A further 5% cut is threatened.
  • November 23—The Arab embargo is extended to PortugalRhodesia and South Africa.
  • November 27—Nixon signs the Emergency Petroleum Allocation Act authorizing price, production, allocation and marketing controls.
  • December 9—Arab oil ministers agree to another five percent production cut for non-friendly countries in January 1974.
  • December 25—Arab oil ministers cancel the January output cut. Saudi oil minister Ahmed Zaki Yamani promises a ten percent OPEC production rise.
  • January 7–9, 1974—OPEC decides to freeze prices until April 1.
  • January 18—Israel signs a withdrawal agreement to pull back to the east side of the Suez Canal.
  • February 11—Kissinger unveils the Project Independence plan for US energy independence.
  • February 12–14—Progress in Arab-Israeli disengagement triggers discussion of oil strategy among the heads of state of Algeria, Egypt, Syria and Saudi Arabia.
  • March 5—Israel withdraws the last of its troops from the west side of the Suez Canal.
  • March 17—Arab oil ministers, with the exception of Libya, announce the end of the US embargo.
  • May 31—Diplomacy by Kissinger produces a disengagement agreement on the Syrian front.
  • December 1974—The 1973–74 stock market crash ends.

Effects

Immediate economic effects

A man at a service station reads about the gasoline rationing system in an afternoon newspaper; a sign in the background states that no gasoline is available. 1974

The effects of the embargo were immediate. OPEC forced oil companies to increase payments drastically. The price of oil quadrupled by 1974 to nearly US$12 per barrel (75 US$/m3).[3]

This price increase had a dramatic effect on oil exporting nations, for the countries of the Middle East who had long been dominated by the industrial powers seen to have taken control of a vital commodity. The oil-exporting nations began to accumulate vast wealth.

Some of the income was dispensed in the form of aid to other underdeveloped nations whose economies had been caught between higher oil prices and lower prices for their own export commodities, amid shrinking Western demand. Much went for arms purchases that exacerbated political tensions, particularly in the Middle East. Saudi Arabia spent over 100 billion dollars in the ensuing decades for helping spread its fundamentalist interpretation of Islam, known as Wahhabism, throughout the world, via religious charities such al-Haramain Foundation, which often also distributed funds to violent Sunni extremist groups such as Al-Qaeda and the Taliban.[22]

Control of oil became known as the “oil weapon.” It came in the form of an embargo and production cutbacks from the Arab states. The weapon was aimed at the United States, Great Britain, Canada, Japan and the Netherlands. These target governments perceived that the intent was to push them towards a more pro-Arab position.[23] Production was eventually cut by 25%.[24] However, the affected countries did not undertake dramatic policy changes.[25]

In the United States, scholars argue that there already existed a negotiated settlement based on equality between both parties prior to 1973. The possibility that the Middle East could become another superpower confrontation with the USSR was of more concern to the US than oil. Further, interest groups and government agencies more worried about energy were no match for Kissinger’s dominance.[26] In the US production, distribution and price disruptions “have been held responsible for recessions, periods of excessive inflation, reduced productivity, and lower economic growth.”[27]

The embargo had a negative influence on the US economy by causing immediate demands to address the threats to U.S. energy security.[28] On an international level, the price increases changed competitive positions in many industries, such as automobiles. Macroeconomic problems consisted of both inflationary and deflationary impacts.[29] The embargo left oil companies searching for new ways to increase oil supplies, even in rugged terrain such as the Arctic. Finding oil and developing new fields usually required five to ten years before significant production.[30]

Gas stealers beware, 1974

OPEC-member states raised the prospect of nationalization of oil company holdings. Most notably, Saudi Arabia nationalized Aramco in 1980 under the leadership of Saudi oil minister Ahmed Zaki Yamani. As other OPEC nations followed suit, the cartel’s income soared. Saudi Arabia undertook a series of ambitious five-year development plans. The biggest began in 1980, funded at $250 billion. Other cartel members also undertook major economic development programs.

US retail price gas prices rose from a national average of 38.5 cents in May 1973 to 55.1 cents in June 1974. State governments requested citizens not to put up Christmas lightsOregon banned Christmas and commercial lighting altogether.[18] Politicians called for a national gas rationing program.[31] Nixon requested gasoline stations to voluntarily not sell gasoline on Saturday nights or Sundays; 90% of owners complied, which produced long queues.[18]

The embargo was not uniform across Europe. Of the nine members of the European Economic Community (EEC), the Netherlands faced a complete embargo, the UK and France received almost uninterrupted supplies (having refused to allow America to use their airfields and embargoed arms and supplies to both the Arabs and the Israelis), while the other six faced partial cutbacks. The UK had traditionally been an ally of Israel, and Harold Wilson‘s government supported the Israelis during the Six-Day War. His successor, Ted Heath, reversed this policy in 1970, calling for Israel to withdraw to its pre-1967 borders.

The EEC was unable to achieve a common policy during the first month of the War. It issued a statement on November 6, after the embargo and price rises had begun. It was widely viewed as pro-Arab supporting the Franco-British line on the war. OPEC duly lifted its embargo from all EEC members. The price rises had a much greater impact in Europe than the embargo.

Despite being relatively unaffected by the embargo, the UK nonetheless faced an oil crisis of its own—a series of strikes by coal miners and railroad workers over the winter of 1973–74 became a major factor in the change of government.[32] Heath asked the British to heat only one room in their houses over the winter.[33] The UK, Germany, Italy, Switzerland and Norway banned flying, driving and boating on Sundays. Sweden rationed gasoline and heating oil. The Netherlands imposed prison sentences for those who used more than their ration of electricity.[18]

A few months later, the crisis eased. The embargo was lifted in March 1974 after negotiations at the Washington Oil Summit, but the effects lingered throughout the 1970s. The dollar price of energy increased again the following year, amid the weakening competitive position of the dollar in world markets.

Price controls and rationing

United States

Price controls exacerbated the crisis in the US. The system limited the price of “old oil” (that which had already been discovered) while allowing newly discovered oil to be sold at a higher price to encourage investment. Predictably, old oil was withdrawn from the market, creating greater scarcity. The rule also discouraged development of alternative energies.[31] The rule had been intended to promote oil exploration.[34] Scarcity was addressed by rationing (as in many countries). Motorists faced long lines at gas stations beginning in summer 1972 and increasing by summer 1973.[31]

In 1973, Nixon named William E. Simon as the first Administrator of the Federal Energy Office, a short-term organization created to coordinate the response to the embargo.[35] Simon allocated states the same amount of domestic oil for 1974 that each had consumed in 1972, which worked for states whose populations were not increasing.[36] In other states, lines at gasoline stations were common. The American Automobile Association reported that in the last week of February 1974, 20% of American gasoline stations had no fuel.[36]

Oregon gasoline dealers displayed signs explaining the flag policy in the winter of 1973–74

Odd–even rationing allowed vehicles with license plates having an odd number as the last digit (or a vanity license plate) to buy gas only on odd-numbered days of the month, while others could buy only on even-numbered days.[37]

In some states, a three-color flag system was used to denote gasoline availability at service stations—green for unrationed availability, yellow for restricted/rationed sales and red for out of stock.[38]

Gasoline ration stamps printed by the Bureau of Engraving and Printing in 1974, but not used.

Rationing led to violent incidents, when truck drivers chose to strike for two days in December 1973 over the limited supplies Simon had allocated for their industry. In Pennsylvania and Ohio, non-striking truckers were shot at by striking truckers, and in Arkansas, trucks of non-strikers were attacked with bombs.[36]

America had controlled the price of natural gas since the 1950s. With the inflation of the 1970s, the price was too low to encourage the search for new reserves.[39] America’s natural gas reserves dwindled from 237 trillion in 1974 to 203 trillion[clarification needed] in 1978. The price controls were not changed despite president Gerald Ford‘s repeated requests to Congress.[39]

Conservation and reduction in demand

United States

To help reduce consumption, in 1974 a national maximum speed limit of 55 mph (about 88 km/h) was imposed through the Emergency Highway Energy Conservation Act. Development of the Strategic Petroleum Reserve began in 1975, and in 1977 the cabinet-level Department of Energy was created, followed by the National Energy Act of 1978.[citation needed] On November 28, 1995, Bill Clinton signed the National Highway Designation Act, ending the federal 55 mph (89 km/h) speed limit, allowing states to restore their prior maximum speed limit.

Year-round daylight saving time was implemented from January 6, 1974, to February 23, 1975. The move spawned significant criticism because it forced many children to travel to school before sunrise. The prior rules were restored in 1976.[citation needed]

Gas stations abandoned during the crisis were sometimes used for other purposes. This station at Potlatch, Washington, was turned into a revivalhall.

The crisis prompted a call to conserve energy, most notably a campaign by the Advertising Council using the tagline “Don’t Be Fuelish”.[40] Many newspapers carried advertisements featuring cut-outs that could be attached to light switches, reading “Last Out, Lights Out: Don’t Be Fuelish.”[citation needed]

By 1980, domestic luxury cars with a 130-inch (3.3 m) wheelbase and gross weights averaging 4,500 pounds (2,041 kg) were no longer made. The automakers had begun phasing out the traditional front engine/rear wheel drivelayout in compact cars in favor of lighter front engine/front wheel drive designs. A higher percentage of cars offered more efficient 4-cylinder engines. Domestic auto makers also began offering more fuel efficient diesel powered passenger cars as well.

Though not regulated by the new legislation, auto racing groups voluntarily began conserving. In 1974, the 24 Hours of Daytona was cancelled and NASCAR reduced all race distances by 10%; the 12 Hours of Sebring race was cancelled.[citation needed]

In 1976, Congress created the Weatherization Assistance Program to help low-income homeowners and renters reduce their demand for heating and cooling through better insulation.[citation needed]

Alternative energy sources

A woman uses wood in a fireplacefor heat. A newspaper headline before her tells of the community’s lack of heating oil.

The energy crisis led to greater interest in renewable energynuclear power and domestic fossil fuels.[41] According to Peter Grossman, American energy policies since the crisis have been dominated by crisis-mentality thinking, promoting expensive quick fixes and single-shot solutions that ignore market and technology realities. He wrote that instead of providing stable rules that support basic research while leaving plenty of scope for entrepreneurshipand innovation, congresses and presidents have repeatedly backed policies which promise solutions that are politically expedient, but whose prospects are doubtful.[42]

The Brazilian government implemented its “Proálcool” (pro-alcohol) project in 1975 that mixed ethanol with gasoline for automotive fuel.[43]

Israel was one of the few countries unaffected by the embargo, since it could extract sufficient oil from the Sinai. But to supplement Israel‘s over-taxed power grid, Harry Zvi Tabor, the father of Israel’s solar industry, developed the prototype for a solar water heater now used in over 90% of Israeli homes.[44]

Macroeconomy

The crisis was a major factor in shifting Japan’s economy away from oil-intensive industries. Investment shifted to industries such as electronics. Japanese auto makers also benefited from the crisis. Increased fuel costs allowed their small, fuel-efficient models to gain market share from the “gas-guzzling” American competition. This triggered a drop in American auto sales that lasted into the 1980s.

Western central banks decided to sharply cut interest rates to encourage growth, deciding that inflation was a secondary concern. Although this was the orthodox macroeconomic prescription at the time, the resulting stagflationsurprised economists and central bankers. The policy is now considered by some to have deepened and lengthened the adverse effects of the embargo. Recent research claims that in the period after 1985 the economy became more resilient to energy price increases.[45]

The price shock created large current account deficits in oil-importing economies. A petrodollar recycling mechanism was created, through which OPEC surplus funds were channeled through the capital markets to the West to finance the current account deficits. The functioning of this mechanism required the relaxation of capital controls in oil-importing economies. It marked the beginning of an exponential growth of Western capital markets.[46]

Many in the public remain suspicious of oil companies, believing they profiteered, or even colluded with OPEC.[citation needed] In 1974, seven of the fifteen top Fortune 500 companies were oil companies, falling to four in 2014.[47]

International relations

United States

America’s Cold War policies suffered a major blow from the embargo. They had focused on China and the Soviet Union, but the latent challenge to US hegemony coming from the third world became evident.

In 2004, declassified documents revealed that the U.S. was so distraught by the rise in oil prices and being challenged by under-developed countries that they briefly considered military action to forcibly seize Middle Eastern oilfields in late 1973. Although no explicit plan was mentioned, a conversation between U.S. Secretary of Defense James Schlesinger and British Ambassador to the United States Lord Cromer revealed Schlesinger had told him that “it was no longer obvious to him that the U.S. could not use force.” British Prime Minister Edward Heath was so worried by this prospect that he ordered a British intelligence estimate of U.S. intentions, which concluded America “might consider it could not tolerate a situation in which the U.S. and its allies were at the mercy of a small group of unreasonable countries,” and that they would prefer a rapid operation to seize oilfields in Saudi Arabia and Kuwait, and possibly Abu Dhabi in military action was decided upon. Although the Soviet response to such an act would likely not involve force, intelligence warned “the American occupation would need to last 10 years as the West developed alternative energy sources, and would result in the ‘total alienation’ of the Arabs and much of the rest of the Third World.”[48]

NATO

Western Europe began switching from pro-Israel to more pro-Arab policies.[49][50][51] This change strained the Western alliance. The US, which imported only 12% of its oil from the Middle East (compared with 80% for the Europeans and over 90% for Japan), remained staunchly committed to Israel. The percentage of U.S. oil which comes from the nations bordering the Persian Gulf remained steady over the decades, with a figure of a little more than 10% in 2008.[52]

With the embargo in place, many developed countries altered their policies regarding the Arab-Israeli conflict. These included the UK, which refused to allow the United States to use British bases and Cyprus to airlift resupplies to Israel along with the rest of the members of the European Community.[53]

Canada shifted towards a more pro-Arab position after displeasure was expressed towards Canada’s mostly neutral position. “On the other hand, after the embargo the Canadian government moved quickly indeed toward the Arab position, despite its low dependence on Middle Eastern oil”.[54]

Japan

Although lacking historical connections to the Middle East, Japan was the country most dependent on Arab oil. 71% of its imported oil came from the Middle East in 1970. On November 7, 1973, the Saudi and Kuwaiti governments declared Japan a “nonfriendly” country to encourage it to change its noninvolvement policy. It received a 5% production cut in December, causing a panic. On November 22, Japan issued a statement “asserting that Israel should withdraw from all of the 1967 territories, advocating Palestinian self-determination, and threatening to reconsider its policy toward Israel if Israel refused to accept these preconditions”.[54] By December 25, Japan was considered an Arab-friendly state.

Nonaligned nations

The oil embargo was announced roughly one month after a right-wing military coup in Chile led by General Augusto Pinochet toppled socialist president Salvador Allende on September 11, 1973. The response of the Nixon administration was to propose doubling arms sales. As a consequence, an opposing Latin American bloc was organized and financed in part by Venezuelan oil revenues, which quadrupled between 1970 and 1975.

A year after the start of the embargo, the UN’s nonaligned bloc passed a resolution demanding the creation of a “New International Economic Order” under which nations within the global South would receive a greater share of benefits derived from the exploitation of southern resources and greater control over their self-development.[55]

Arab states

Prior to the embargo, the geo-political competition between the Soviet Union and the United States, in combination with low oil prices that hindered the necessity and feasibility of alternative energy sources, presented the Arab States with financial security, moderate economic growth, and disproportionate international bargaining power.[56]

The oil shock disrupted the status quo relationships between Arab countries and the US and USSR. At the time, Egypt, Syria and Iraq were allied with the USSR, while Saudi Arabia, Turkey and Iran (plus Israel) aligned with the US. Vacillations in alignment often resulted in greater support from the respective superpowers.

When Anwar Sadat became president of Egypt in 1970, he dismissed Soviet specialists in Egypt and reoriented towards the US. Concerns over economic domination from increased Soviet oil production turned into fears of military aggression after the 1979 Soviet invasion of Afghanistan, turning the Persian Gulf states towards the US for security guarantees against Soviet military action.

The USSR’s invasion of Afghanistan was only one sign of insecurity in the region, also marked by increased American weapons sales, technology, and outright military presence. Saudi Arabia and Iran became increasingly dependent on American security assurances to manage both external and internal threats, including increased military competition between them over increased oil revenues. Both states were competing for preeminence in the Persian Gulf and using increased revenues to fund expanded militaries. By 1979, Saudi arms purchases from the US exceeded five times Israel’s.[57]

In the wake of the 1979 Iranian Revolution the Saudis were forced to deal with the prospect of internal destabilization via the radicalism of Islamism, a reality which would quickly be revealed in the Grand Mosque seizure in Mecca by Wahhabi extremists during November 1979, and a Shiite Muslim revolt in the oil rich Al-Hasa region of Saudi Arabia in December of the same year, which was known as the 1979 Qatif Uprising.[58] Saudi Arabia is a near absolute monarchy, an Arabic speaking country, and has a Sunni Muslim majority, while Persian speaking Iran since 1979 is an Islamist theocracy with a Shiite Muslim majority, which explains the current hostility between Saudi Arabia and Iran.[59]

In November 2010, Wikileaks leaked confidential diplomatic cables pertaining to the United States and its allies which revealed that the late Saudi King Abdullah urged the United States to attack Iran in order to destroy its potential nuclear weapons program, describing Iran as “a snake whose head should be cut off without any procrastination”.[60]

Automobile industry

The oil crisis sent a signal to the auto industry globally, which changed many aspects of production and usage for decades to come.

Western Europe

After World War II, most West European countries taxed motor fuel to limit imports, and as a result most cars made in Europe were smaller and more economical than their American counterparts. By the late 1960s increasing incomes supported rising car sizes.

The oil crisis pushed West European car buyers away from larger, less economical cars.[61] The most notable result of this transition was the rise in popularity of compact hatchbacks. The only notable small hatchbacks built in Western Europe before the oil crisis were the Peugeot 104Renault 5 and Fiat 127. By the end of the decade, the market had expanded with the introduction of the Ford FiestaOpel Kadett (sold as the Vauxhall Astra in Great Britain), Chrysler Sunbeam and Citroën Visa.

Buyers looking for larger cars were increasingly drawn to medium-sized hatchbacks. Virtually unknown in Europe in 1973, by the end of the decade they were gradually replacing saloons as the mainstay of this sector. Between 1973 and 1980, medium-sized hatchbacks were launched across Europe: the Chrysler/Simca HorizonFiat Ritmo (Strada in the UK), Ford Escort MK3Renault 14Volvo 340 / 360Opel Kadett, and Volkswagen Golf.

These cars were considerably more economical than the traditional saloons they were replacing, and attracted buyers who traditionally bought larger vehicles. Some 15 years after the oil crisis, hatchbacks dominated most European small and medium car markets, and had gained a substantial share of the large family car market.

United States

Before the energy crisis, large, heavy, and powerful cars were popular. By 1971, the standard engine in a Chevrolet Caprice was a 400-cubic inch (6.5 liter) V8. The wheelbase of this car was 121.5 inches (3,090 mm), and Motor Trend‘s 1972 road test of the similar Chevrolet Impala achieved no more than 15 highway miles per gallon. In the fifteen years prior to the 1973 oil crisis, gasoline prices in the U.S. had lagged well behind inflation.[62]

The crisis reduced the demand for large cars.[39] Japanese imports, primarily the Toyota Corona, the Toyota Corolla, the Datsun B210, the Datsun 510, the Honda Civic, the Mitsubishi Galant (a captive import from Chrysler sold as the Dodge Colt), the Subaru DL, and later the Honda Accord all had four cylinder engines that were more fuel efficient than the typical American V8 and six cylinder engines. Japanese imports became mass-market leaders with unibody construction and front-wheel drive, which became de facto standards.

From Europe, the Volkswagen Beetle, the Volkswagen Fastback, the Renault 8, the Renault LeCar, and the Fiat Brava were successful. Detroit responded with the Ford Pinto, the Ford Maverick, the Chevrolet Vega, the Chevrolet Nova, the Plymouth Valiant and the Plymouth Volaré. American Motors sold its homegrown GremlinHornet and Pacer models.

Some buyers lamented the small size of the first Japanese compacts, and both Toyota and Nissan (then known as Datsun) introduced larger cars such as the Toyota Corona Mark II, the Toyota Cressida, the Mazda 616 and Datsun 810, which added passenger space and amenities such as air conditioning, power steering, AM-FM radios, and even power windows and central locking without increasing the price of the vehicle. A decade after the 1973 oil crisis, Honda, Toyota and Nissan, affected by the 1981 voluntary export restraints, opened US assembly plants and established their luxury divisions (Acura, Lexus and Infiniti, respectively) to distinguish themselves from their mass-market brands.

Compact trucks were introduced, such as the Toyota Hilux and the Datsun Truck, followed by the Mazda Truck (sold as the Ford Courier), and the Isuzu-built Chevrolet LUV. Mitsubishi rebranded its Forte as the Dodge D-50 a few years after the oil crisis. Mazda, Mitsubishi and Isuzu had joint partnerships with Ford, Chrysler, and GM, respectively. Later the American makers introduced their domestic replacements (Ford Ranger, Dodge Dakota and the Chevrolet S10/GMC S-15), ending their captive import policy.

An increase in imported cars into North America forced General Motors, Ford and Chrysler to introduce smaller and fuel-efficient models for domestic sales. The Dodge Omni / Plymouth Horizon from Chrysler, the Ford Fiesta and the Chevrolet Chevette all had four-cylinder engines and room for at least four passengers by the late 1970s. By 1985, the average American vehicle moved 17.4 miles per gallon, compared to 13.5 in 1970. The improvements stayed even though the price of a barrel of oil remained constant at $12 from 1974 to 1979.[39] Sales of large sedans for most makes (except Chrysler products) recovered within two model years of the 1973 crisis. The Cadillac DeVille and FleetwoodBuick ElectraOldsmobile 98Lincoln ContinentalMercury Marquis, and various other luxury oriented sedans became popular again in the mid-1970s. The only full-size models that did not recover were lower price models such as the Chevrolet Bel Air and Ford Galaxie 500. Slightly smaller models such as the Oldsmobile CutlassChevrolet Monte CarloFord Thunderbird and various others sold well.

Economical imports succeeded alongside heavy, expensive vehicles. In 1976 Toyota sold 346,920 cars (average weight around 2,100 lbs), while Cadillac sold 309,139 cars (average weight around 5,000 lbs).

Federal safety standards, such as NHTSA Federal Motor Vehicle Safety Standard 215 (pertaining to safety bumpers), and compacts like the 1974 Mustang I were a prelude to the DOT “downsize” revision of vehicle categories.[63] By 1977, GM’s full-sized cars reflected the crisis.[64] By 1979, virtually all “full-size” American cars had shrunk, featuring smaller engines and smaller outside dimensions. Chrysler ended production of their full-sized luxury sedans at the end of the 1981 model year, moving instead to a full front-wheel drivelineup for 1982 (except for the M-body Dodge Diplomat/Plymouth Gran Fury and Chrysler New Yorker Fifth Avenue sedans).

Decline of OPEC

Fluctuations of OPEC net oil export revenues since 1972[65][66]

OPEC soon lost its preeminent position, and in 1981, its production was surpassed by that of other countries. Additionally, its own member nations were divided. Saudi Arabia, trying to recover market share, increased production, pushing prices down, shrinking or eliminating profits for high-cost producers. The world price, which had peaked during the 1979 energy crisis at nearly $40 per barrel, decreased during the 1980s to less than $10 per barrel. Adjusted for inflation, oil briefly fell back to pre-1973 levels. This “sale” price was a windfall for oil-importing nations, both developing and developed.

The embargo encouraged new venues for energy exploration including Alaska, the North Sea, the Caspian Sea, and the Caucasus.[67] Exploration in the Caspian Basin and Siberia became profitable. Cooperation changed into a far more adversarial relationship as the USSR increased its production. By 1980 the Soviet Union had become the world’s largest producer.[68][69]

Part of the decline in prices and economic and geopolitical power of OPEC came from the move to alternate energy sources. OPEC had relied on price inelasticity[70] to maintain high consumption, but had underestimated the extent to which conservation and other sources of supply would eventually reduce demand. Electricity generation from nuclear power and natural gas, home heating from natural gas, and ethanol-blended gasoline all reduced the demand for oil.

The drop in prices presented a serious problem for oil-exporting countries in northern Europe and the Persian Gulf. Heavily populated, impoverished countries, whose economies were largely dependent on oil—including MexicoNigeriaAlgeria, and Libya—did not prepare for a market reversal that left them in sometimes desperate situations.

When reduced demand and increased production glutted the world market in the mid-1980s, oil prices plummeted and the cartel lost its unity. Mexico (a non-member), Nigeria, and Venezuela, whose economies had expanded in the 1970s, faced near-bankruptcy, and even Saudi Arabian economic power was significantly weakened. The divisions within OPEC made concerted action more difficult. As of 2015, OPEC had never approached its earlier dominance.

See also

References

https://en.wikipedia.org/wiki/1973_oil_crisis

 

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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Wednesday, August 30, 2017
BEA 17—42

* See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.

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National Income and Product Accounts
Gross Domestic Product: Second Quarter 2017 (Second Estimate)
Corporate Profits: Second Quarter 2017 (Preliminary Estimate)
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of
2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the
first quarter, real GDP increased 1.2 percent.

The GDP estimate released today is based on more complete source data than were available for the
"advance" estimate issued last month.  In the advance estimate, the increase in real GDP was 2.6
percent. With this second estimate for the second quarter, the general picture of economic growth
remains the same; increases in personal consumption expenditures (PCE) and in nonresidential fixed
investment were larger than previously estimated. These increases were partly offset by a larger
decrease in state and local government spending (see "Updates to GDP" below).

Real GDP: Percent Change from Preceding Quarter
Real gross domestic income (GDI) increased 2.9 percent in the second quarter, compared with an
increase of 2.7 percent (revised) in the first. The average of real GDP and real GDI, a supplemental
measure of U.S. economic activity that equally weights GDP and GDI, increased 3.0 percent in the
second quarter, compared with an increase of 2.0 percent in the first quarter (table 1).

The increase in real GDP in the second quarter reflected positive contributions from PCE, nonresidential
fixed investment, exports, federal government spending, and private inventory investment that were
partly offset by negative contributions from residential fixed investment and state and local government
spending. Imports, which are a subtraction in the calculation of GDP, increased (table 2).

The acceleration in real GDP in the second quarter primarily reflected upturns in private inventory
investment and federal government spending and an acceleration in PCE that were partly offset by
downturns in residential fixed investment and state and local government spending and a deceleration
in exports.

Current-dollar GDP increased 4.0 percent, or $189.0 billion, in the second quarter to a level of $19,246.7
billion. In the first quarter, current-dollar GDP increased 3.3 percent, or $152.2 billion (table 1 and table
3).

The price index for gross domestic purchases increased 0.8 percent in the second quarter, compared
with an increase of 2.6 percent in the first quarter (table 4). The PCE price index increased 0.3 percent,
compared with an increase of 2.2 percent. Excluding food and energy prices, the PCE price index
increased 0.9 percent, compared with an increase of 1.8 percent (appendix table A).


Updates to GDP

The percent change in real GDP was revised up from the advance estimate, reflecting upward revisions
to PCE and to nonresidential fixed investment that were partly offset by a downward revision to state
and local government spending. For more information, see the Technical Note. A detailed "Key Source
Data and Assumptions" file is also posted for each release.  For information on updates to GDP, see the
“Additional Information” section that follows.

                                    Advance Estimate        Second Estimate
			           (Percent change from preceding quarter)
Real GDP                                  2.6                  3.0
Current-dollar GDP                        3.6                  4.0
Real GDI                                   …                   2.9
Average of Real GDP and Real GDI           …                   3.0
Gross domestic purchases price index      0.8                  0.8
PCE price index                           0.3                  0.3


For the first quarter of 2017, the percent change in real GDI was revised from 2.6 percent to 2.7 percent
based on revised first-quarter tabulations from the BLS Quarterly Census of Employment and Wages
program.

Corporate Profits (table 12)

Profits from current production (corporate profits with inventory valuation adjustment and capital
consumption adjustment) increased $26.8 billion in the second quarter, in contrast to a decrease of
$46.2 billion in the first quarter.

Profits of domestic financial corporations decreased $29.4 billion in the second quarter, compared with
a decrease of $40.7 billion in the first quarter. Profits of domestic nonfinancial corporations increased
$64.8 billion, compared with an increase of $3.8 billion. The rest-of-the-world component of profits
decreased $8.6 billion, compared with a decrease of $9.3 billion. This measure is calculated as the
difference between receipts from the rest of the world and payments to the rest of the world. In the
second quarter, receipts increased $8.5 billion, and payments increased $17.1 billion.





                                       *          *          *




                           Next release:  September 28, 2017 at 8:30 A.M. EDT
                     Gross Domestic Product:  Second Quarter 2017 (Third Estimate)
                      Corporate Profits:  Second Quarter 2017 (Revised Estimate)




                                       Additional Information

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•	BEA's news release scheduleNIPA Handbook:  Concepts and Methods of the U.S. National Income and Product Accounts

Definitions

Gross domestic product (GDP) is the value of the goods and services produced by the nation’s economy
less the value of the goods and services used up in production. GDP is also equal to the sum of personal
consumption expenditures, gross private domestic investment, net exports of goods and services, and
government consumption expenditures and gross investment.

Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP.
In national economic accounting, GDP and GDI are conceptually equal. In practice, GDP and GDI differ
because they are constructed using largely independent source data. Real GDI is calculated by deflating
gross domestic income using the GDP price index as the deflator, and is therefore conceptually
equivalent to real GDP.

Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is,
at “market value.” Also referred to as “nominal estimates” or as “current-price estimates.”
Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.
The gross domestic purchases price index measures the prices of final goods and services purchased by
U.S. residents.

The personal consumption expenditure price index measures the prices paid for the goods and services
purchased by, or on the behalf of, “persons.”

Profits from current production, referred to as corporate profits with inventory valuation adjustment
(IVA) and capital consumption adjustment (CCAdj) in the NIPAs, is a measure of the net income of
corporations before deducting income taxes that is consistent with the value of goods and services
measured in GDP. The IVA and CCAdj are adjustments that convert inventory withdrawals and
depreciation of fixed assets reported on a tax-return, historical-cost basis to the current-cost economic
measures used in the national income and product accounts.

For more definitions, see the Glossary: National Income and Product Accounts.


Statistical conventions

Annual rates. Quarterly values are expressed at seasonally-adjusted annual rates (SAAR), unless
otherwise specified. Dollar changes are calculated as the difference between these SAAR values. For
detail, see the FAQ “Why does BEA publish estimates at annual rates?”

Percent changes in quarterly series are calculated from unrounded data and are displayed at annual
rates, unless otherwise specified. For details, see the FAQ “How is average annual growth calculated?”

Quantities and prices. Quantities, or “real” volume measures, and prices are expressed as index
numbers with a specified reference year equal to 100 (currently 2009). Quantity and price indexes are
calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent
periods (quarters for quarterly data and annuals for annual data). “Real” dollar series are calculated by
multiplying the published quantity index by the current dollar value in the reference year (2009) and
then dividing by 100. Percent changes calculated from real quantity indexes and chained-dollar levels
are conceptually the same; any differences are due to rounding.

Chained-dollar values are not additive because the relative weights for a given period differ from those
of the reference year. In tables that display chained-dollar values, a “residual” line shows the difference
between the sum of detailed chained-dollar series and its corresponding aggregate.


Updates to GDP

BEA releases three vintages of the current quarterly estimate for GDP:  "Advance" estimates are
released near the end of the first month following the end of the quarter and are based on source data
that are incomplete or subject to further revision by the source agency; “second” and “third” estimates
are released near the end of the second and third months, respectively, and are based on more detailed
and more comprehensive data as they become available.

Annual and comprehensive updates are typically released in late July. Annual updates generally cover at
least the 3 most recent calendar years (and their associated quarters) and incorporate newly available
major annual source data as well as some changes in methods and definitions to improve the accounts.
Comprehensive (or benchmark) updates are carried out at about 5-year intervals and incorporate major
periodic source data, as well as major conceptual improvements.
The table below shows the average revisions to the quarterly percent changes in real GDP between
different estimate vintages, without regard to sign.

Vintage                               Average Revision Without Regard to Sign
                                         (percentage points, annual rates)
Advance to second                                     0.5
Advance to third                                      0.6
Second to third                                       0.2
Advance to latest                                     1.1
Note - Based on estimates from 1993 through 2015. For more information on GDP
updates, see Revision Information on the BEA Web site.

The larger average revision from the advance to the latest estimate reflects the fact that periodic
comprehensive updates include major statistical and methodological improvements.

Unlike GDP, an advance current quarterly estimate of GDI is not released because data on domestic
profits and on net interest of domestic industries are not available. For fourth quarter estimates, these
data are not available until the third estimate.

https://www.bea.gov/newsreleases/national/gdp/2017/gdp2q17_2nd.htm

 

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The Pronk Pops Show 954, August 29, 2017, Story 1: Houston Under Water — Rain In Houston Area Should End Tuesday With Record Rainfall Exceeding 50 Inches In Many Areas From Hurricane/Tropical Story Harvey — Flooding and Rescues Continue — Videos –Story 2: 12 Oil Refineries in a Houston Closed Due To Flooding As Gasoline Prices Rise By 20 Cents or More Per Gallon — Video — Story 3: President Trump and First Lady Visit Texas — Videos

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Image result for rainfall record in south Texas

Image result for oil refineries closed in texa gulf coast due to hurricane harveyImage result for president trump in texas after harveyImage result for president trump in texas after harveyImage result for president trump in texas after harveyImage result for oil refineries closed in texa gulf coast due to hurricane harvey

 

 

Story 1: Rain In Houston Area Should End Tuesday With Record Rain Fall Exceeding 50 Inches From Hurrican Harvey — Flooding and Rescues Continue — Videos —

Helicopter view of Houston shows extent of flooding damage

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Houston’s flooding becomes huge challenge for hospitals

As Harvey breaks rainfall record, Houston imposes a curfew and death toll climbs to 18

City officials in Houston imposed an overnight curfew to guard against opportunistic crimes as Tropical Storm Harvey continued to deluge southeast Texas on Tuesday, breaking the record for the most extreme rainfall on the U.S. mainland.

Authorities announced the curfew — midnight to 5 a.m. — after police arrested a crew of armed robbers who were hijacking vehicles, and officials warned residents of people impersonating Homeland Security investigators. There also were fears of looting as thousands of houses lay partially submerged and abandoned.

Since Harvey made landfall Friday night as a hurricane, some areas around Houston have seen in excess of 50 inches of rain — more than what they usually receive in a year. Authorities said the death toll had risen to 18, including a Houston police officer who drowned in his car on the way to work.

On Tuesday afternoon, the Mont Belvieu industrial suburb east of Houston recorded 51.12 inches of water since Harvey’s arrival, breaking the highest previous record of 48 inches for a single storm, from Tropical Storm Amelia in Medina, Texas, in 1978.

“It’s the heaviest storm on record anywhere in the U.S. outside Hawaii,” said John Nielsen-Gammon, Texas state climatologist and professor at Texas A&M University. “And it’s still raining.”

With muddy brown water engulfing huge areas of the nation’s fourth-largest city and much of the Gulf Coast, thousands were forced to seek refuge in shelters. Federal officials have estimated that as many as 30,000 displaced residents may seek temporary shelter and more than 450,000 people are likely to apply for federal aid.

“In four days, we’ve seen a trillion gallons of water in Harris County — enough water to run Niagara Falls for 15 days,” said Jeff Lindner, a meteorologist with the Harris County Flood Control District, who estimated that up to 100,000 homes in the 1,777-square-mile area may have flooded. “It’s beyond anything we’ve ever seen and will probably ever see.”

After moving slowly east Tuesday evening, Harvey was poised to turn northeast early Wednesday and make a second landfall, moving inland over southeast Texas and southwest Louisiana.

After assuring Texas on Monday that Congress would deliver swift federal assistance, President Trump visited the storm-ravaged state Tuesday, saying he hoped the region’s long road to recovery would be viewed as a model.

He did not venture to Houston, where rescuers continued to rove from neighborhood to neighborhood in motorboats and kayaks, desperately trying to pluck residents from waterlogged homes. As a light rain drizzled, a reservoir west of downtown Houston spilled over Tuesday morning for the first time in its history, pouring yet more water onto already sodden communities.

Houston Police Chief Art Acevedo broke down in tears Tuesday as he announced that Sgt. Steve Perez, 60, a 34-year veteran of his department, drowned during the weekend while trying to get to work through an underpass in the darkness.

“He laid down his life,” Acevedo said during a briefing, noting that before Perez left for work he told his wife, who urged him to stay home: “I’ve got work to do.”

Later in the day, Acevedo said officers had rescued 4,100 people across the city and had more than 500 calls holding. The city’s fire chief, Samuel Peña, said his department had performed nearly 700 rescues.

“We’re still trying to get to folks,” Acevedo said. “Don’t give up on us. Seek the higher ground. We will get to you.”

By the end of the day, the number of people sheltering at the George R. Brown Convention Center swelled to 10,000. Its capacity is supposed to be 5,000. Mayor Sylvester Turner said the city had asked the Federal Emergency Management Agency for cots and food for an additional 10,000 people, and officials are set to open another mega shelter at the Toyota Center, the downtown home of the NBA’s Houston Rockets.

“We are not turning anyone away,” Turner said.

Houston highways remained mostly empty and blocked by police early Tuesday. A few cars and trucks navigated wet streets downtown.

Families were still arriving at the massive convention center, some with sleeping pads and rain boots, others with their belongings in garbage bags. Some feared for relatives left behind, and others worried they might soon face shortages of food and other supplies.

And the death toll kept rising. On Tuesday, local authorities reported a man in Montgomery County, north of Houston, drowned Monday night while trying to swim across a flooded road. In Galveston County, Clear Creek Independent School District reported that a former track and football coach had died in the flooding.

Tuesday night, the Harris County Institute of Forensic Sciences updated its storm-related deaths to include an 89-year-old woman, Agnes Stanley, who was found floating in 4 feet of floodwater in a home. Another woman, 76, was discovered floating in water near a vehicle. Her name was not released. A 45-year-old man, Travis Lynn Callihan, left his vehicle and fell into floodwater. He was taken to a hospital, where he died Monday.

Officials in Harris County, which includes Houston, had already reported at least six “potentially storm-related” fatalities. A 60-year-old woman died in Porter, a small community north of Houston, when a large oak tree fell on her mobile home. Another person died in the small coastal town of Rockport, near where Harvey made landfall. A 52-year-old homeless man was found dead in La Marque, a small city near Galveston.

Local officials were also looking into reports that a family of six — four children and their great-grandparents — drowned Sunday near Greens Bayou in east Houston. Virginia Saldivar, 59, said her brother-in-law, Sam, was driving her grandchildren and her husband’s parents to higher ground when the current swept up the van.

Early Tuesday, a major dam outside Houston began to overflow, threatening some of the hardest-hit neighborhoods to the west of the city. Engineers had tried to prevent Addicks Reservoir from overspilling by releasing some of its water Monday, but flood control officials reported Tuesday morning that water was beginning to seep over the top of a spillway, the first time water had breached the dam.

In some areas in and around Houston, the water was so deep that rain sensors no longer were working. The Harris County Flood Control District, a government agency that works to reduce the effects of flooding in the area, announced that multiple water level and rain sensors were out of service because of flooding.

In Brazoria County, south of Houston, the Brazos River was beginning to overflow its banks. On Tuesday morning, a levee breached in the Columbia Lakes neighborhood.

“We are asking residents to please get out,” said Sharon Trower, public information officer for the county, which already has rescued hundreds of residents after severe flooding from heavy rainfall. “The additional river flooding is just going to be catastrophic.”

Major roads throughout the county already were closed because of flooding.

At the Pentagon, Maj. Gen. James C. Witham, director of domestic operations for the National Guard, told reporters Tuesday that up to 30,000 Guardsmen as well as a U.S. naval amphibious assault ship could be called upon to help out in rescue efforts in Texas.

Already, 30 National Guard helicopters are supporting Hurricane Harvey relief, and 24 more are requested. Witham said that could increase to 100 helicopters in the days ahead.

“Texas has been given everything that they’ve asked for,” Witham said, noting that the Pentagon expects “more forces will be requested.”

While catastrophic flooding continued across southeast Texas, there was at least some good news: Flash-flood watches were dropped for western portions of the Houston area as light to moderate rain fell Monday night. The National Weather Service said the threat of flooding is gradually shifting east.

“Expect improving conditions this afternoon and evening across the area as Harvey pushes northeast,” the National Weather Service’s Houston/Galveston office said in an update.

“They say this too shall pass,” Mayor Turner said during an early evening news briefing as the sun, finally, appeared in the sky. “After the clouds pass, the sun will shine. In this city — regardless of the storm clouds, regardless of the rain — in this city the sun will shine.”

And as the sun finally returned to Houston, so did the unmistakable sight of traffic. Cars and trucks piled up at stoplights on roads that had only recently been totally abandoned as Texans waited out the storm in their homes. In the suburb of Rosenberg, there was even a pedestrian: a pale teenager in dark clothing, with a bowl haircut and headphones, who was dancing — doing the Robot, actually — on a street corner as traffic passed.

As Harvey moved closer to neighboring Louisiana on the 12th anniversary of Hurricane Katrina’s arrival there, New Orleans Mayor Mitch Landrieu urged residents to stay home and shelter in place.

A few inches of rain could cause serious problems in New Orleans, which is still recovering from flooding after thunderstorms this month overwhelmed the city’s drainage system.

More than 5 inches of rain fell in some parts of the city Monday, causing localized floods. Flash-flood watches were in effect as meteorologists forecast 4 more inches of rain Tuesday.

“Today, we are a resilient city with greater resolve, but we remain vigilant in the face of another threatening storm,” Landrieu said in a statement. “While this is a somber day for New Orleanians, the determination and spirit of our people gives us great hope for the future.”

In Texas, many stranded Houston and coastal residents drove to cities such as Dallas and San Antonio to avoid overcrowded shelters near the Gulf Coast.

After sleeping in the Houston convention center after his house in Dickinson, about 30 miles south, flooded on Saturday, Jose Banda, a 38-year-old landscaper, piled his four young children — all under the age of 12 – into his Chevy Silverado early Tuesday and made the four-hour drive to Dallas.

The family was among the first to check in at the Kay Bailey Hutchison Convention Center, which can shelter nearly 5,000 evacuees of Tropical Storm Harvey.

“This is at least far from the coast and not too many people are here yet,” Banda said.

Back home, most of Banda’s landscaping equipment — lawn mowers and weed whackers — that he had stored in his backyard were ruined.

“I don’t know how I’ll afford to buy new ones. It’ll be tough,” said Banda as sweat beaded on his forehead.

“I’m just glad they’re all right,” he said, nodding at his children who stood at his side wearing backpacks.

Hurricane damage shuts down major US oil refineries

Harvey hits gas prices no matter where you live

As Catastrophic Flooding Hits Houston, Fears Grow of Pollution from Oil Refineries & Superfund Sites

Environmental Crisis Unfolding in Houston as Oil & Chemical Industry Spew Toxic Pollutants into Ai

The nation’s largest oil refinery shuts down as Hurricane Harvey floods Texas

Energy prices to spike in Harvey’s wake

Oil and gas prices are expected to spike over the next week or more as about 10 refineries representing more than 15 percent of the nation’s refining capacity are shut down in the wake of Hurricane Harvey. (Aug. 28) AP

Flood waters closed oil refineries Wednesday along the Texas Gulf Coast, including the nation’s largest, as Hurricane Harvey showed its power to ravage the energy infrastructure and drive up gasoline prices.

Some 15 refineries were going off line from Corpus Cristi, Texas, to Port Arthur, Texas, the Energy Department reported. The list included the largest refinery in the U.S., the Saudi-owned Motiva plant in Port Arthur, which began what it called “a controlled shutdown.”

Taken together, the closures represent about 25% of U.S. refining capacity, GasBuddy.com petroleum analyst Patrick DeHaan said.

“It’s a chilling effect on the refining industry, which is in a dire state right now,” DeHaan said.

Just ahead of the Labor Day holiday weekend, one of the top travel weekends of the year, DeHaan estimated Wednesday that gas prices would increase 15 cents to 25 cents per gallon nationwide as a result of Harvey. Earlier, he had predicted a boost of 5 to 15 cents.

More: Gas prices to rise even faster as Harvey drenches refiners

More: Tropical Storm Harvey makes 2nd landfall just west of Cameron, La.

Refinery outages include facilities run by Exxon Mobil, Citgo, Petrobras, Flint Hills, Magellan, Buckeye, Shell, Phillips 66 and Valero Energy, according to the U.S. Chamber of Commerce’s Global Energy Institute.

Consequently, Americans are using about 9.7 million barrels per day of gasoline, while refineries are pumping out fewer than 8 million, DeHaan said.

“Gasoline inventories are going to be chiseled away quickly if that continues,” DeHaan said.

U.S. Sen. Edward J. Markey, D-Mass., exhorted President Trump to release supplies from the nation’s Strategic Petroleum Reserve to ease the impact on consumers.

But with nearly 230 million barrels of gasoline inventory on hand as of Friday, according to the U.S. Energy Information Administration, “we’re not running out of gas anytime soon by any means,” AAA’s Jeanette Casselano said.

Still, the refinery outages and the closure of several key ports have disrupted the supply of fresh fuel to Texas Gulf Coast stations and other regions. The Motiva operation alone generates about 635,000 barrels per day in normal times, according to the Oil Price Information Service.

“Return to service is contingent upon recession of floodwaters in the area,” Motiva spokesperson Angela Goodwin said in a statement. “Our priority remains the safety of our employees and the community.”

https://www.usatoday.com/story/money/cars/2017/08/30/largest-u-s-refinery-shuts-down-harvey-floods-texas/615524001/ 

Trump survey’s Texas storm damage

Donald Trump Visits Texas But Fails To Address The Victims Of Harvey | The 11th Hour | MSNBC

Trump Brings Up Crowd Size During Hurricane Speech

Christie on Harvey response: Criticism of Trump is ‘absurd’

Fox News Blasts Trump’s Hurricane Handling

Sen. Ted Cruz: Focus needs to be on saving lives in Texas

 

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The Pronk Pops Show 944, August 10, 2017, Story 1: Trump Preparing for Casus Belli and Negotiating With “Locked and Loaded” …Ready, Aim, “Fire and Fury” — Boom-Boom- Boom- Boom — Born To Be Wild — Thunder – Thunder – Thunder – Thunder — Thunderstruck — Videos

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