The Pronk Pops Show 1014, January 8, 2018, Story 1: Oprah Winfrey Golden Globes Cecil B. DeMille Award Acceptance Speech — Winfrey Running For President? — Videos — Story 2: The Big Lie Media’s and Lying Lunatic Left’s Mantra That President Trump is Mentally Unstable — Nuts — Junk Journalism Progressive Propaganda — Desperate Delusional Democrats — No Evidence of Russian Collusion or Obstruction of Justice — Now Trump is Nuts — Please Keep This Up — Losing All Credibility With American People — Videos — Story 3: The Roaring 2020s with The Unstoppable Trump and Pence Boom — Inflation Less Than 1%, U-3 Unemployment Rate Less Than 3%, Economic Growth Rate Exceeding 5% and Labor Participation Rate Exceeding 67% — Real Tax Reform With Fair Tax Less Replacing All Federal Taxes With A Single Broad-based Consumption Tax With A $1,000 Per Month or $12,000 Per Year Tax Prebate For All American Citizens Age 18 and Older — Democratic Socialist Worse Nightmare — 16 Year Peace and Prosperity Presidencies of Trump and Pence! — Videos 

Posted on January 8, 2018. Filed under: American History, Banking System, Blogroll, Books, Breaking News, Budgetary Policy, Business, Cartoons, Communications, Congress, Constitutional Law, Corruption, Countries, Culture, Currencies, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Employment, Energy, Fiscal Policy, Foreign Policy, Free Trade, Government, Hillary Clinton, History, House of Representatives, Illegal Immigration, Immigration, Independence, Insurance, Investments, Labor Economics, Law, Legal Immigration, Life, Media, Monetary Policy, Natural Gas, News, Nuclear Weapons, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Raymond Thomas Pronk, Regulation, Resources, Robert S. Mueller III, Rule of Law, Scandals, Senate, Tax Policy, Taxation, Taxes, Trade Policy, U.S. Dollar, United States Constitution, United States of America, Violence, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 1014, January 14, 2018

Pronk Pops Show 1013, December 13, 2017

Pronk Pops Show 1012, December 12, 2017

Pronk Pops Show 1011, December 11, 2017

Pronk Pops Show 1010, December 8, 2017

Pronk Pops Show 1009, December 7, 2017

Pronk Pops Show 1008, December 1, 2017

Pronk Pops Show 1007, November 28, 2017

Pronk Pops Show 1006, November 27, 2017

Pronk Pops Show 1005, November 22, 2017

Pronk Pops Show 1004, November 21, 2017

Pronk Pops Show 1003, November 20, 2017

Pronk Pops Show 1002, November 15, 2017

Pronk Pops Show 1001, November 14, 2017 

Pronk Pops Show 1000, November 13, 2017

Pronk Pops Show 999, November 10, 2017

Pronk Pops Show 998, November 9, 2017

Pronk Pops Show 997, November 8, 2017

Pronk Pops Show 996, November 6, 2017

Pronk Pops Show 995, November 3, 2017

Pronk Pops Show 994, November 2, 2017

Pronk Pops Show 993, November 1, 2017

Pronk Pops Show 992, October 31, 2017

Pronk Pops Show 991, October 30, 2017

Pronk Pops Show 990, October 26, 2017

Pronk Pops Show 989, October 25, 2017

Pronk Pops Show 988, October 20, 2017

Pronk Pops Show 987, October 19, 2017

Pronk Pops Show 986, October 18, 2017

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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

Image result for oprey winfrey at golden globes

See the source imageSee the source image

See the source image

See the source image

See the source image

Story 1: Oprah Winfrey Golden Globes Cecil B. DeMille Award Acceptance Speech — Winfrey Running For President?

Oprah Winfrey Golden Globes Cecil B. DeMille Award Acceptance Speech

Oprah for president? Golden Globes speech stirs speculation of 2020 run

Mark Steyn Reacts to Oprah’s Speech

Ben Shapiro: Oprah Winfrey is a Fraud

The Truth About Oprah Winfrey

The Truth About Oprah Winfrey’s 2020 Presidential Run

Ben Shapiro on Oprah’s presidential possibilities

MARK LEVIN GOES NUCLEAR!: Oprah’s Golden Globes ‘Lecture’ Was ‘GROTESQUE’

LIMBAUGH: Oprah Winfrey Is NOT A Nationwide Vote-Getter

Ivanka Gives Surprising Response to Oprah’s Golden Globe Speech, Instantly Attacked by Hollywood

Oprah “Open to” Running for the Presidency: She Won’t Get Nominated if She Does

MILO Explains ‘Oprah 2020’

“Could Oprah DEFEAT Trump in 2020??” Ben Shapiro Gives His Take

‘She Is a Hypocrite’ – Ben Shapiro Reacts To Oprah’s Golden Globes Speech

Ben Shapiro – Here Is Why Oprah winfrey Will NOT Win If She Ran For President

Memo to #MichaelWolff: #Trump Laughs at Your Unverified Lies, You Blatherskite and Pathetic Poltroon

Seth Meyers’ Monologue at the 2018 Golden Globes

 

Trump: I would beat Oprah
President Trump speaks during a bipartisan immigration lunch
Photo: Saul Loeb / AFP / Getty Images

Following his bipartisan immigration lunch at the White House, President Trump addressed the hype surrounding a potential presidential run by Oprah Winfrey in 2020, telling reporters he would beat her.

“Oprah will be lots of fun. I did one of her last shows…. I like Oprah. I don’t think she’s going to run.”

Oprah Presidential Talk Renews Questions About Swiss Race Hoax, Harvey Weinstein

In the wake of her speech at Sunday night’s Golden Globes gala,talk has revived of Oprah Winfrey challenging Donald Trump for the presidency in 2020. Also revived are questions about Winfrey accusing a Swiss sales clerk of racism and her relationship with Harvey Weinstein, the disgraced Hollywood mogul accused by dozens of women of everything from harassment to serial rape.

Picking up steam on Twitter is the hashtag #OprahKnew accompanied by photos of an obviously chummy Winfrey nuzzling with and even kissing Weinstein:

Back in late November, Oprah’s name was dragged into the Weinstein scandal when British actress Kadian Noble, who has filed an 11 page complaint against the former mogul, alleged, among other terrible things, that Weinstein got to her through Winfrey and model Naomi Campbell.

“An aspiring actress says Harvey Weinstein used Oprah Winfrey and Naomi Campbell to dupe her into thinking he would help her with her career — only to use her for sex,” Page Six reported.

There is no claim or insinuation that Winfrey was in any way complicit in setting this young woman up for the sexual assault she alleges occurred, but there is also no question that Winfrey is not only very friendly with Weinstein, but that she is a welcome member of his professional circle.

Moreover, Weinstein’s and Winfrey’s names appear together on two films: Lee Daniels’ The Butler (2013) and The Great Debaters (2007). Which, along with the chummy photos, might help to explain why Weinstein felt comfortable reaching out to Winfrey to help with damage control in the early days of the scandal. Oprah’s response was that she was only interested in booking him for an interview.

Overall, when you factor in the above along with the fact that Oprah herself is now a reigning queen of Hollywood, with a career devoted almost entirely to the entertainment business (via her OWN cable network), it would appear fair to say that any denial from Winfrey about her knowledge of Weinstein’s alleged predations are as credible as those coming from fellow-Queen Meryl Streep, which some say are not credible at all.

This is not the first time the billionaire has been dragged into a sexual abuse case. Shortly after Winfrey opened up a school for girls in South Africa in 2007, one of her matrons was charged with sexually molesting several students. The woman was later acquitted, but Winfrey said she was disappointed with the verdict.

Four years later, ABC News reported that a “dead newborn was found at Oprah Winfrey’s school.”

Winfrey also found herself in hot water in 2013 when, without any proof, she appeared to manufacture a racial controversy in order to promote her latest movie, Lee Daniels’s The Butler. Appearing on Entertainment Tonight, Winfrey accused a Swiss shopgirl of racism.

“I say to the woman, ‘Excuse me, may I see that [$38,000 purse] right above your head?’ And she says to me, ‘No, it’s too expensive.’ … She refused to get it,” Winfrey dramatically explained.

But Winfrey refused to back up her story by identifying the store or the “racist” clerk. Eventually, though, the store and the shopgirl were located, and the young woman accused of racism by the most powerful woman in the world, openly declared Winfrey a liar:

I didn’t hurt anyone. I don’t know why someone as great as her must cannibalize me on TV. … If it had all taken place as she claimed, why has she not complained the next day at the wedding of Tina Turner with Trudie Goetz, my boss? She was there also at the Turner wedding as a guest. I don’t understand it. … I spoke to Oprah Winfrey in English. My English is OK but not excellent, unfortunately. … I didn’t know who she was when she came into the store. That wouldn’t have made any difference if I had.

And what was Winfrey’s bizarre response to this hideous “racist” adding insult to injury by declaring her a liar? Outrage? Fury? Nope. Winfrey backed off with a non-apology apologyabout being “sorry” that the incident “got blown up.”

Well, it was Winfrey who blew it up, not only on Entertainment Tonight but on Larry King’s CNN show.

A billionaire mogul falsely accusing an innocent sales clerk of racism is about as grotesque an abuse of power as anyone has ever seen, and that is what many believe happened.

It is no longer 2012, and Winfrey’s fawning media no longer has a monopoly on either truth or information. The era of Barack Obama is over — the elitist media can no longer cover up for a Hillary or Oprah.

If Winfrey is serious about running for president, many questions will dog this powerful billionaire, questions that she appears to have no interest in answering.

http://www.breitbart.com/big-government/2018/01/08/oprah-presidential-talk-renews-questions-swiss-race-hoax-harvey-weinstein/

 

 

Story 2: The Big Lie Media’s and Lying Lunatic Left Mantra That President Trump is Mentally Unstable — Nuts — Junk Journalism Progressive Propaganda — Desperate Delusional Democrats — No Evidence of Russian Collusion or Obstruction of Justice — Now Trump is Nuts — Please Keep This Up — Losing All Credibility With American People — Videos —

“It’s Completely Insane!” Ann Coulter REACTS to Trump-Bannon Feud

Biographer: Trump can’t afford Bannon to do damage on him

Pat Buchanan Reacts to Michael Wolff’s Explosive Book

Rand Paul on Donald Trump’s Political Brilliance

Rush Limbaugh: Didn’t everyone know Sloppy Steve Bannon was the leaker? (audio from 01-05-2018)

Memo to #MichaelWolff: #Trump Laughs at Your Unverified Lies, You Blatherskite and Pathetic Poltroon

Is Steve Bannon genuinely sorry or doing damage control?

Roger Stone: Bannon committed ‘stunning act of betrayal’

Ann Coulter Reacts to Michael Wolff’s Explosive Book

EPIC! See Ann Coulter’s REACTION to Steve Bannon Turning on President Trump

Hannity: Media are addicts that crave their next Trump fix

What’s really behind the Trump-Bannon war of words?

Trump campaign adviser weighs in on Bannon allegations

Trump attacked by ‘mainstream’ media over ‘nuclear button’ tweet

Michael Wolff’s tell-all book is to discredit Trump’s successes: Liz Peek

Michael Wolff on his access to the president for “Fire and Fury”

Steve Bannon goes rogue on the Trump White House

Donald Trump: Former adviser brands ‘Fire and Fury’ a ‘non event’

White House blasts tell-all book that questions Trump’s mental fitness

Michael Wolff: Trump White House Facing ’25th Amendment Stuff’ (Full) | Meet The Press | NBC News

Michael Wolff on Bannon statement: ‘This is not true’

Roger Stone: Joe and Mika turned on Trump out of bitterness

Lawmakers Met With Psychiatrist About Trump’s Mental Health | The Beat With Ari Melber | MSNBC

Psychiatrist spoke with Congress on Trump’s mental fitness

Trump: I’m a very stable genius

President Donald Trump’s Mental State An ‘Enormous Present Danger’ | The Last Word | MSNBC

Dr. Phil on Donald Trump

Joe Biden: Trump “might actually be stupid”

Trump’s Ex-Butler: He’s a Picky Eater Who Hates Sloppy Dressers

Donald Trump’s former butler: ‘He loves mirrors’

Twenty-fifth Amendment to the United States Constitution

From Wikipedia, the free encyclopedia

The Twenty-fifth Amendment (Amendment XXV) to the United States Constitution deals with succession to the Presidency and establishes procedures both for filling a vacancy in the office of the Vice President as well as responding to Presidential disabilities. It supersedes the ambiguous wording of Article II, Section 1, Clause 6 of the Constitution, which does not expressly state whether the Vice President becomes the President or Acting President if the President dies, resigns, is removed from office, or is otherwise unable to discharge the powers of the presidency.[1] The Twenty-fifth Amendment was adopted on February 10, 1967.[2]

Text

Section 1. In case of the removal of the President from office or of his death or resignation, the Vice President shall become President.

Section 2. Whenever there is a vacancy in the office of the Vice President, the President shall nominate a Vice President who shall take office upon confirmation by a majority vote of both Houses of Congress.

Section 3. Whenever the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the Vice President as Acting President.

Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office. Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session. If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of his office.[3]

Background

The Twenty-fifth Amendment in the National Archives
Page 1
Page 2

Article II, Section 1, Clause 6 of the Constitution states:

In Case of the Removal of the President from Office, or of his Death, Resignation, or Inability to discharge the Powers and Duties of the said Office, the Same shall devolve on the Vice President, and the Congress may by Law provide for the Case of Removal, Death, Resignation or Inability, both of the President and Vice President, declaring what Officer shall then act as President, and such Officer shall act accordingly, until the Disability be removed, or a President shall be elected.

That clause was unclear regarding Presidential succession and inability; it did not state who had the power to declare a President incapacitated.[1] Also, it did not provide a mechanism for filling a Vice Presidential vacancy before the next Presidential election. The vagueness of this clause caused difficulties many times before the Twenty-fifth Amendment’s adoption:

  • In 1841, President William Henry Harrison became the first U.S. President to die in office. Representative John Williams had previously suggested that the Vice President should become Acting President upon the death of the President.[4] John Tyler asserted that he had succeeded to the presidency, as opposed to only obtaining its powers and duties. He also declined to acknowledge documents referring to him as “Acting President”. Although he felt his vice presidential oath negated the need for the presidential oath, Tyler was persuaded that being formally sworn-in would clear up any doubts about his right to the office. Having done so, he then moved into the White House and assumed full presidential powers. Tyler’s claim was not formally challenged, and both houses of Congress adopted a resolution confirming that Tyler was the tenth President of the United States, without any qualifiers. The precedent of full succession was thus established.[5] This became known as the “Tyler Precedent”.
  • There had been occasions when a President was incapacitated. For example, following Woodrow Wilson‘s stroke no one officially assumed the Presidential powers and duties, in part because the First LadyEdith Wilson, together with the White House PhysicianCary T. Graysoncovered up President Wilson’s condition.[1][6]
  • The office of Vice President had been vacant sixteen times due to the death or resignation of the Vice President or his succession to the presidency.[1] For example, there was no Vice President for nearly four years after the assassination of Abraham Lincoln. During the impeachment of Andrew Johnson there was no Vice President to succeed him. At that time, the Presidential Succession Act of 1792 provided that the President pro tempore of the Senate would succeed Johnson if he was removed from office.[7] Had the impeachment trial of Andrew Johnson resulted in Johnson being removed from office, Senator Benjamin Wade, then the President pro tempore of the Senate, would have become acting president pending a special presidential election.[8]

After having been temporarily incapacitated by several severe health problems, President Dwight D. Eisenhower attempted to clarify procedures through a signed agreement with Vice President Richard Nixon, drafted by Attorney General Herbert Brownell Jr. However, this agreement did not have legal authority.[9] Eisenhower suffered a heart attack in September 1955 and intestinal problems requiring emergency surgery in July 1956. Each time until Eisenhower was able to resume his duties, Nixon presided over Cabinet meetings and, along with Eisenhower aides, kept the executive branch functioning and assured the public that the situation was under control. However, Nixon never made any effort to formally assume the status of Acting President or President.

All of these incidents made it evident that clearer guidelines were needed.[1] There were two proposals for providing those guidelines.

Keating–Kefauver proposal

In 1963, Senator Kenneth Keating of New York proposed a Constitutional amendment which would have enabled Congress to enact legislation providing for how to determine when a President is “unable to discharge the powers and duties of his office”, rather than, as the Twenty-fifth Amendment does, having the Constitution so provide.[10] This proposal was based upon a recommendation of the American Bar Association in 1960.[11]

The text of the proposal read:[12]

In case of the removal of the President from office or of his death or resignation, the said office shall devolve on the Vice President. In case of the inability of the President to discharge the powers and duties of the said office, the said powers and duties shall devolve on the Vice President, until the inability be removed. The Congress may by law provide for the case of removal, death, resignation or inability, both of the President and Vice President, declaring what officer shall then be President, or, in case of inability, act as President, and such officer shall be or act as President accordingly, until a President shall be elected or, in case of inability, until the inability shall be earlier removed. The commencement and termination of any inability shall be determined by such method as Congress shall by law provide.

Senators raised concerns that the Congress could either abuse such authority[13] or neglect to enact any such legislation after the adoption of this proposal.[14] Tennessee Senator Estes Kefauver, the Chairman of the Senate Judiciary Committee’s Subcommittee on Constitutional Amendments, a long-time advocate for addressing the disability question, spearheaded the effort until he died of a heart attack on August 10, 1963.[15][16] Senator Keating was defeated in the 1964 election, but Senator Roman Hruska of Nebraska took up Keating’s cause as a new member of the Subcommittee on Constitutional Amendments.[9]

Kennedy assassination

The assassination of John F. Kennedy showed the need for a clear way for determining presidential disability in the context of the Cold War.[17] The new President, Lyndon B. Johnson, had once suffered a heart attack[18] and – with the office of Vice President to remain vacant until the next term began on January 20, 1965 – the next two people in the line of succession were the 71-year-old Speaker of the House John McCormack[17][19] and the 86-year-old Senate President pro tempore Carl Hayden.[17][19] Senator Birch Bayh succeeded Kefauver as Chairman of the Subcommittee on Constitutional Amendments and set about advocating for a detailed amendment dealing with presidential disability.[17]

Bayh–Celler proposal

On January 6, 1965, Senator Birch Bayh proposed S. J. Res. 1 in the Senate and Representative Emanuel Celler (Chairman of the House Judiciary Committee) proposed H. J. Res. 1 in the House of Representatives. Their proposal specified the process by which a President could be declared “unable to discharge the powers and duties of his office”, thereby making the Vice President an Acting President, and how the President could regain the powers of his office. Also, their proposal provided a way to fill a vacancy in the office of Vice President before the next presidential election. This was as opposed to the Keating–Kefauver proposal, which neither provided for filling a vacancy in the office of Vice President prior to the next presidential election nor provided a process for determining presidential disability. In 1964, the American Bar Association endorsed the type of proposal which Bayh and Celler advocated.[20] On January 28, 1965, President Johnson endorsed S. J. Res. 1 in a statement to Congress.[9] Their proposal received bipartisan support.[21]

On February 19, the Senate passed the amendment, but the House passed a different version of the amendment on April 13. On April 22, it was returned to the Senate with revisions.[9] There were four areas of disagreement between the House and Senate versions:

  • the Senate official who was to receive any written declaration under the amendment
  • the period of time during which the Vice President and Cabinet must decide whether they disagree with the President’s declaration that he is fit to resume his duties
  • the time before Congress meets to resolve the issue between the President, Vice President, and the Cabinet
  • the time limit for Congress to reach a decision[9]

On July 6, after a conference committee ironed out differences between the versions,[22] the final version of the amendment was passed by both Houses of the Congress and presented to the states for ratification.[23]

Proposal and ratification

The Congress proposed the Twenty-fifth Amendment on July 6, 1965, and the amendment was ratified by the following states:[2]

  1. Nebraska (July 12, 1965)
  2. Wisconsin (July 13, 1965)
  3. Oklahoma (July 16, 1965)
  4. Massachusetts (August 9, 1965)
  5. Pennsylvania (August 18, 1965)
  6. Kentucky (September 15, 1965)
  7. Arizona (September 22, 1965)
  8. Michigan (October 5, 1965)
  9. Indiana (October 20, 1965)
  10. California (October 21, 1965)
  11. Arkansas (November 4, 1965)
  12. New Jersey (November 29, 1965)
  13. Delaware (December 7, 1965)
  14. Utah (January 17, 1966)
  15. West Virginia (January 20, 1966)
  16. Maine (January 24, 1966)
  17. Rhode Island (January 28, 1966)
  18. Colorado (February 3, 1966)
  19. New Mexico (February 3, 1966)
  20. Kansas (February 8, 1966)
  21. Vermont (February 10, 1966)
  22. Alaska (February 18, 1966)
  23. Idaho (March 2, 1966)
  24. Hawaii (March 3, 1966)
  25. Virginia (March 8, 1966)
  26. Mississippi (March 10, 1966)
  27. New York (March 14, 1966)
  28. Maryland (March 23, 1966)
  29. Missouri (March 30, 1966)
  30. New Hampshire (June 13, 1966)
  31. Louisiana (July 5, 1966)
  32. Tennessee (January 12, 1967)
  33. Wyoming (January 25, 1967)
  34. Washington (January 26, 1967)
  35. Iowa (January 26, 1967)
  36. Oregon (February 2, 1967)
  37. Minnesota (February 10, 1967)
  38. Nevada (February 10, 1967)
    Ratification was completed on February 10, 1967. The following states subsequently ratified the amendment:
  39. Connecticut (February 14, 1967)
  40. Montana (February 15, 1967)
  41. South Dakota (March 6, 1967)
  42. Ohio (March 7, 1967)
  43. Alabama (March 14, 1967)
  44. North Carolina (March 22, 1967)
  45. Illinois (March 22, 1967)
  46. Texas (April 25, 1967)
  47. Florida (May 25, 1967)

The following states have not ratified the amendment:

  1. Georgia
  2. North Dakota[24]
  3. South Carolina

Six days after its submission, Nebraska and Wisconsin were the first states to ratify the amendment. On February 10, 1967, Minnesota and Nevada were the 37th and 38th states to ratify, respectively. On February 23, 1967, in a ceremony in the East Room of the White HouseGeneral Services Administrator Lawson Knott certified the amendment’s adoption.

Effect

Section 1: Presidential succession

John Tyler, first to succeed to the office of President. His succession was initially contested and it was unknown whether he should be considered to be president or acting president.

Section 1 codified the “Tyler Precedent” regarding when a President is removed from office, dies, or resigns. In any of these situations, the Vice President immediately becomes President.

Section 2: Vice Presidential vacancy

Prior to the Twenty-fifth Amendment’s adoption, a Vice Presidential vacancy remained until the next vice-presidential term began. The Vice Presidency has been vacant several times due to death, resignation, or succession to the Presidency. Often these vacancies lasted for several years.

Under Section 2, whenever there is a vacancy in the office of Vice President, the President nominates a successor who becomes Vice President if confirmed by a majority vote of both Houses of the Congress.

Section 3: Presidential declaration

Section 3 provides that when the President transmits a written declaration to the President pro tempore of the Senate and the Speaker of the House of Representatives, stating that he is unable to discharge the powers and duties of the Presidency, and until the President sends another written declaration to the aforementioned officers declaring himself able to resume discharging those powers and duties, the Vice President discharges those powers and duties as Acting President. The Vice President does not become President and the sitting President is not removed from office.

Section 4: Vice Presidential–Cabinet declaration

Section 4 is the only part of the amendment that has never been invoked.[25] It allows the Vice President, together with a “majority of either the principal officers of the executive departments or of such other body as Congress may by law provide”, to declare the President “unable to discharge the powers and duties of his office” by submitting a written declaration to the President pro tempore of the Senate and the Speaker of the House of Representatives. As with Section 3, the Vice President would become Acting President, not President, and the sitting President would not be removed from office.

Section 4 is meant to be invoked should the President’s incapacitation prevent him from discharging his duties, but he is unable or unwilling to provide the written declaration called for by Section 3. The President may resume exercising the Presidential duties by sending a written declaration to the President pro tempore and the Speaker of the House.

Should the Vice President and a majority of the Cabinet believe the President is still “unable to discharge the powers and duties of his office”, they may within four days of the President’s declaration submit another declaration that the President is incapacitated. If not already in session, the Congress must then assemble within 48 hours. The Congress has 21 days to decide the issue. If within the 21 days two-thirds of each house of Congress vote that the President is incapacitated, the Vice President would “continue” to be Acting President. Should the Congress resolve the issue in favor of the President, or make no decision within the 21 days allotted, then the President would “resume” discharging the powers and duties of his office. The use of the words “continue” and “resume” imply that the Vice President remains Acting President while Congress deliberates.

However, the President may again submit a written declaration of recovery to the President pro tempore and the Speaker of the House. That declaration could be responded to by the Vice President and a majority of the Cabinet in the same way as stated earlier. The specified 21-day Congressional procedure would start again.

Proposed replacing of Cabinet

On April 14, 2017, Representatives Jamie Raskin and Earl Blumenauer introduced the Oversight Commission on Presidential Capacity Act.[26] The bill would replace the Cabinet as the body that, together with the Vice President, determines whether Section 4 should be invoked. Under the bill, an eleven-member commission would conduct an examination of the President when directed to do so by a concurrent resolution of the Congress.[27]

According to Blumenauer:

It is hard to imagine a better group to work with the vice president to examine whether the president is able to discharge the duties of the office. When there are questions about the president’s ability to fulfill his or her constitutional responsibilities, it is in the country’s best interest to have a mechanism in place that works effectively.[27]

Invocations

Two women are flanked by two men in suits, standing in a room of the White House.

(L–R): President Richard Nixon, First Lady Pat NixonBetty Ford and Gerald Ford, after President Nixon nominated Gerald Ford to be Vice President
(The White House, October 13, 1973)

The Twenty-fifth Amendment has been invoked six times since its ratification. The first three times were applications of Sections 1 and 2 in the context of scandals surrounding the Nixon Administration. The latter three were applications of Section 3 regarding Presidents undergoing a medical procedure requiring general anesthesia.

Succession to presidency

Nixon’s resignation letter, August 9, 1974.

President Richard Nixon resigned on August 9, 1974, resulting in Vice President Gerald Ford succeeding to the office of President.[28] Gerald Ford is the only person ever to be Vice President, and later President, without being elected to either office.[29]

Filling vice presidential vacancies

1973: Appointment of Gerald Ford as Vice President[edit]

On October 12, 1973, following Vice President Spiro Agnew‘s resignation two days earlier, President Richard Nixon nominated Representative Gerald Ford of Michigan to succeed Agnew as Vice President.

The United States Senate voted 92–3 to confirm Ford on November 27 and, on December 6, the House of Representatives did the same by a vote of 387–35. Ford was sworn in later that day before a joint session of the United States Congress.[30]

1974: Appointment of Nelson Rockefeller as Vice President[edit]

When Gerald Ford became President, the office of Vice President became vacant. On August 20, 1974, after considering Melvin Laird and George H. W. Bush, President Ford nominated former New York Governor Nelson Rockefeller to be the new vice president.

On December 10, 1974, Rockefeller was confirmed 90–7 by the Senate. On December 19, 1974, Rockefeller was confirmed 287–128 by the House and sworn into office later that day in the Senate chamber.[30]

Acting Presidents

1985: George H.W. Bush

On July 12, 1985, President Ronald Reagan underwent a colonoscopy, during which a villous adenoma (a pre-cancerous lesion) was discovered. When told by his physician (Dr. Edward Cattau) that he could undergo surgeryimmediately or in two to three weeks, Reagan elected to have it removed immediately.[31]

That afternoon, Reagan consulted with White House counsel Fred Fielding by telephone, debating whether to invoke the amendment and, if so, whether such a transfer would set an undesirable precedent. Fielding and White House Chief of Staff Donald Regan recommended that Reagan transfer power and two letters doing so were drafted: the first letter specifically invoked Section 3 of the Twenty-fifth Amendment; the second only mentioned that Reagan was mindful of this provision. At 10:32 a.m. on July 13, Reagan signed the second letter and ordered its delivery to the appropriate officers as required under the amendment.[32] Vice President George H. W. Bush was Acting President from 11:28 a.m. until 7:22 p.m., when Reagan transmitted a second letter to resume the powers and duties of the office.

Books such as The President Has Been Shot: Confusion, Disability and the 25th Amendment, by Herbert Abrams, and Reagan’s autobiography, An American Life, argue President Reagan’s intent to transfer power to Vice President Bush was clear. Fielding himself adds:

I personally know he did intend to invoke the amendment, and he conveyed that to all of his staff and it was conveyed to the VP as well as the President of the Senate. He was also very firm in his wish not to create a precedent binding his successor.

2002: Dick Cheney

On June 29, 2002, President George W. Bush underwent a colonoscopy and chose to invoke Section 3 of the amendment, temporarily transferring his powers to Vice President Dick Cheney. The medical procedure began at 7:09 a.m. EDT and ended at 7:29 a.m. EDT. Bush woke up twenty minutes later, but did not resume his presidential powers and duties until 9:24 a.m. EDT after the president’s physician, Richard Tubb, conducted an overall examination. Tubb said he recommended the additional time to make sure the sedative had no aftereffects. Unlike Reagan’s 1985 letter, Bush’s 2002 letter specifically cited Section 3 as the authority for the transfer of power.[32]

2007: Dick Cheney

On July 21, 2007, President Bush again invoked Section 3 in response to having to undergo a colonoscopy, temporarily transferring his powers to Vice President Cheney. President Bush invoked Section 3 at 7:16 a.m. EDT. He reclaimed his powers at 9:21 a.m. EDT. As happened in 2002, Bush specifically cited Section 3 when he transferred the Presidential powers to the Vice President and when he reclaimed those powers.[32]

Considered Section 4 invocations

There have been two instances in which invoking Section 4 of the Twenty-fifth Amendment was considered. Both involved the 40th President of the United States, Ronald Reagan.

1981: Reagan assassination attempt

Following the attempted assassination of Ronald Reagan on March 30, 1981, Vice President George H. W. Bush did not assume the presidential powers and duties as Acting President. Reagan was unable to invoke Section 3, because he was in surgery. Bush did not invoke Section 4, because he was on a plane returning from Texas. Reagan was out of surgery by the time Bush arrived in Washington.[33] In 1995, Birch Bayh, the primary sponsor of the amendment in the Senate, wrote that Section 4 should have been invoked.[34]

1987: Reagan’s alleged incapacity

Upon becoming the White House Chief of Staff in 1987, Howard Baker was advised by his predecessor’s staff to be prepared for a possible invocation of the Twenty-fifth Amendment[35] due to Reagan’s perceived laziness and ineptitude.[36][37]

According to the PBS program American Experience,

What Baker’s transition team was told by Donald Regan‘s staff that weekend shocked them. Reagan was “inattentive, inept”, and “lazy”, and Baker should be prepared to invoke the 25th Amendment to relieve him of his duties.

Reagan biographer Edmund Morris stated in an interview aired on the program,

The incoming Baker people all decided to have a meeting with him on Monday, their first official meeting with the President, and to cluster around the table in the Cabinet room and watch him very, very closely to see how he behaved, to see if he was indeed losing his mental grip.

Morris went on to explain,

Reagan who was, of course, completely unaware that they were launching a death watch on him, came in stimulated by the press of all these new people and performed splendidly. At the end of the meeting, they figuratively threw up their hands realizing he was in perfect command of himself.[36][37]

See also

References

 

 

Story 3: The Roaring 2020s with The Unstoppable Trump and Pence Boom — Inflation Less Than 1%, U-3 Unemployment Rate Less Than 3%, Economic Growth Rate Exceeding 5% and Labor Participation Rate Exceeding 67% — Real Tax Reform With Fair Tax Less Replacing All Federal Taxes With A Single Broad-based Consumption Tax With A $1,000 Per Month or $12,000 Per Year Tax Prebate For All American Citizens Age 18 and Older — Democratic Socialist Worse Nightmare — 16 Year Peace and Prosperity Presidencies of Trump and Pence — Videos

What’s fueling stock market record highs?

 

Will The Economic Boom Doom The Democrats?

The winners and losers in US tax bill – BBC News

Stock Market BOOMING Under Trump But…

President Trump’s America Booming as Retailers See Historic Rise

 

Americans’ Optimism About Job Market Hit Record High in 2017

by Megan Brenan

STORY HIGHLIGHTS

  • 56% viewed job market positively in 2017, up from 42% in 2016
  • Confidence in job market buoyed by Republicans since Trump’s inauguration
  • 40% of unemployed adults seeking jobs rated job market as good

WASHINGTON, D.C. — Americans’ optimism about finding a quality job averaged 56% in 2017, the highest annual average in 17 years of Gallup polling and a sharp increase from 42% in 2016. Coinciding with rising optimism, the U.S. unemployment rate fell from an average 4.9% in 2016 to 4.4% in 2017, the lowest rate since 2000.

GoodTimeQualityJob1_new

Since October 2001, Gallup has asked Americans monthly if it is a good time or a bad time to find a quality job. Historically, Americans’ perceptions of the job market have tracked closely with the monthly unemployment figures from the U.S. Bureau of Labor Statistics. When the unemployment rate is low, public perceptions that it is a good time to find a quality job rise. Conversely, when the unemployment rate is high, views of the job market get worse.

Prior to this year, Americans’ assessments of the job market were most positive in 2007 (43%) at the start of the Great Recession and least positive its last year, 2009 (10%). Since the job market bottomed out in 2009, Americans’ ratings of it have improved steadily, rising to the highest level yet in 2017.

Sharp Republican Reversal on Job Market in 2017

Positivity about jobs among all U.S. adults began to rise on a monthly basis in January 2017, reaching 54% in February 2017. By the end of 2017, it hit 62% in November and again in December. This increase was largely driven by a Republican reversal. The monthly reading for Republicans saying it was a good time to find a quality job rose 20 percentage points to 64% after Donald Trump was inaugurated and ultimately ended 2017 at 78%.

GoodTimeQualityJob2_new

Partisans who identify with the sitting president’s party typically hold more favorable views than those of the opposing party concerning the economy and other national metrics. While the shift in Republicans’ view of the job market was dramatic after Trump’s election and inauguration, the change in Democrats’ opinion of the job market following Barack Obama’s exit from the White House was more modest. This was perhaps because the general consensus at the time was that the economy and job market were in poor shape. Shortly after Trump took office, the percentage of Democrats who said it was a good time to find a quality job fell 10 points to 45%, and was 50% last month.

Demographic Differences in Assessments of Job Market

Several demographic groups were less inclined than others to think 2017 was a good time to find a job, including those who were out of work and trying to find a job, blacks and those in households earning less than $30,000 a year. These are typically Democratic groups and less than half of each of them assessed the job market positively in 2017.

Those employed full time, college graduates and those with annual household incomes of $75,000 or more are among the demographic groups that are most likely to say it is a good time to find a quality job. The assessments of the job market by each of these groups improved by double digits from 2016 to 2017. Additionally, the greatest increase in perception on this issue is among whites (21 points), respondents 50 and older (20 points) and men (18 points), all typically Republican groups.

Percentage in U.S. Saying Now is a Good Time to Find a Quality Job, Yearly Averages by Subgroup
Thinking about the job situation in America today, would you say that it is now a good time or a bad time to find a quality job?
Good time in 2016 Good time in 2017
% %
Gender
Men 44 62
Women 41 51
Party ID
Republican 31 66
Independent 41 55
Democrat 53 49
Age
18-29 55 58
30-49 46 59
50-64 37 57
65+ 30 50
Annual Household Income
Less than $30,000 annual income 38 46
$30,000-less than $75,000 42 54
$75,000 or more 48 66
Race/ethnicity
White 38 59
Black 55 48
Hispanic 49 53
Education
College graduate 48 61
Not a college graduate 39 54
Employment
Employed full-time 50 62
Employed part-time 38 53
Unemployed but looking for work 36 40
GALLUP

Americans in the lowest household income bracket and those unemployed and searching for work are undoubtedly discouraged by their personal situations and therefore are less likely to see it as a good time to find a quality job, even though the unemployment rate is at its lowest point since 2000.

Likewise, black Americans, who experienced record unemployment in December, think the job market is worse than do whites and Hispanics. Yet, unlike those with annual household incomes under $30,000 and the unemployed who are looking for work, blacks and Democrats have grown significantly less positive about the availability of quality jobs since Trump became president. These were the only groups that in 2017 showed a decline in positive ratings compared to 2016.

Bottom Line

Gallup didn’t start gauging the public’s assessment of the job market with the quality jobs question until 2001; thus there are no data to compare against the last time the unemployment rate was as low as it is now. Republicans view the job market much better now than Democrats did during Obama’s presidency. While this overwhelming positivity about the job market by Republicans can certainly be attributed partially to a lower unemployment rate, partisanship also plays a large part.

SURVEY METHODS

Results for this Gallup poll are based on telephone interviews conducted throughout 2017 with a random sample of 13,185 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±1 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting.

Each sample of national adults includes a minimum quota of 70% cellphone respondents and 30% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

Learn more about how the Gallup Poll Social Series works.

http://news.gallup.com/poll/225071/americans-optimism-job-market-hit-record-high-2017.aspx

Dimon thinks even his own economist at J.P. Morgan is dead wrong about GDP, predicts 4% U.S. growth

Published: Jan 9, 2018 4:27 p.m. ET

Those were the thoughts of JPMorgan Chase & Co. CEO Jamie Dimon, who offered a forecast for U.S. economic growth that outstrips even some of the more bullish economists.

Speaking during an interview with Fox Business’s Maria Bartiromo on Tuesday, Dimon said the recently signed tax legislation, which cuts the corporate tax rate to 21% from 35%, is likely to support higher levels for the Dow Jones Industrial AverageDJIA, +0.41% the S&P 500 index SPX, +0.13% and the Nasdaq Composite IndexCOMP, +0.09% which have already rung up all-time highs in first several sessions of 2018, after a record-setting rally for the equity benchmarks last year.

ReadDow set to resume record run after taking a breather

Dimon said he expects the “competitive tax rate” to encourage deal-making on Wall Street, pointing to Europe which he said is on pace to grow at a 3% rate. A reading of gross domestic product is slated for Jan. 26.

In the U.S., the economy grew at a 3.1% annual pace in the second quarter and a 3.2% annual rate in the third, according to the Commerce Department, exceeding the postrecession pace of near 2% A fresh estimate of gross domestic product is slated for Jan. 26.

However, few prominent economists are expecting GDP growth to hit a stellar 4% pace this year.

In an interview with The Wall Street Journal, Glenn Hubbard, Columbia Business School dean, said corporate tax cuts aren’t likely to have the stimulative effect many are hoping. “It’s not going to raise us off to 4% GDP growth,” he told the newspaper. “But it’s not going to kill 10,000 people a year.”

Moreover, J.P. Morgan’s chief U.S. economist Michael Feroli’s forecast for early GDP readings lands below his boss’s much loftier expectations, even factoring the tax cuts: “We boosted our 1Q18 real GDP forecast from 2.0% to 2.5%…following the recent passage of the tax package. The changes are set to take effect somewhat earlier than we had anticipated a few weeks ago, and also are more frontloaded than we had expected. As a whole, we look for the package to boost GDP growth by about 0.3%-pt in 2018 and 0.2%-pt in 2019, according to his recent research report.

Still, the J.P. Morgan JPM, +0.07%  CEO is bullish on the prospects for further economic growth, even as the Federal Reserve officials said they are mindful that tax-cuts and other measures could overheat the U.S. economy and are likely to raise borrowing costs to quell growth.

Meanwhile, Dimon also said he regretted calling bitcoin BTCUSD, -1.80% a “fraud”, but also said that he believed that blockchain, or distributed-ledger technology behind cryptocurrencies, is “real” but still thinks that digital assets like the No. 1 digital asset in the world is hyped.

“The issue, he said, is “what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.”

https://www.marketwatch.com/story/dimon-thinks-economists-are-dead-wrong-about-gdp-predicts-4-us-growth-2018-01-09

 

Photo

The annual economic forum takes place in the resort town of Davos high in the Swiss Alps, bringing together more than 2,500 members of the global elite in what has been described as the world’s most high-powered networking event. CreditFabrice Coffrini/Agence France-Presse — Getty Images

WASHINGTON — President Trump is expected to attend the World Economic Forum at Davos, Switzerland, in the coming weeks, an administration official said on Tuesday.

In a statement, Sarah Huckabee Sanders, the White House press secretary, said the president was looking forward to attending the gathering of world leaders and business executives.

“The president welcomes opportunities to advance his America First agenda with world leaders,” Ms. Sanders said. “At this year’s World Economic Forum, the president looks forward to promoting his policies to strengthen American businesses, American industries and American workers.”

Mr. Trump’s planned appearance at an event that is synonymous with wealth and elite prestige comes as he enters the second year of a term he won on a message of economic populism.

Presidents have rarely attended the forum in Davos, in part out of a concern that it would send the wrong message to be rubbing shoulders with some of the world’s richest individuals.

Continue reading the main story

Mr. Trump won the 2016 election in part by attacking elites in the United States and promising to “drain the swamp” in Washington of lobbyists, corporate influence and members of the establishment — the very description of those who regularly attend the Davos forum.

The event in Switzerland is a global symbol of everything that Mr. Trump’s former chief strategist, Stephen K. Bannon, railed against during the presidential campaign and the first seven months in the administration.

But Mr. Trump has also spent a lifetime as a real estate mogul and television personality seeking to be accepted by the financial and media elite in New York and around the world. His decision to travel to Davos as president may represent his desire to prove that he has achieved that goal.

Some of Mr. Trump’s advisers were befuddled by his planned trip, coming a year after his team decided not to send a representative to the 2017 gathering.

A year into his term, Mr. Trump’s appearance at the forum is certain to highlight the clash between his America First agenda and the more globalist approach of some of America’s closest allies around the world.

Those disagreements have been highlighted during Mr. Trump’s earlier trips abroad, including arguments with European leaders about the need for action to confront climate change. Mr. Trump’s visit to Asia last year underscored his disagreements on trade issues with countries in the region.

Many of the participants at Davos are sure to embrace the globalist views that Mr. Trump has rejected, providing the potential for dramatic disagreements between the president and others at the meeting.

But the event — which often focuses on global economic issues — also will provide Mr. Trump with a platform to boast about the improving American economy, including the rise in the stock market and the low jobless rate.

The president has eagerly claimed credit for the economic improvements during his first year in office, and has predicted that the tax overhaul passed at the end of last year would accelerate those trends.

The annual economic forum takes place in the resort town of Davos high in the Swiss Alps, bringing together more than 3,000 members of the global elite in what has been described as the world’s most high-powered networking event.

Those who attend include journalists and columnists, Hollywood celebrities, researchers, corporate chief executive officers and other business titans, and some heads of state. Former President Bill Clinton attended the forum in 2000 and former president George W. Bush attended a meeting of the Word Economic Forum in Egypt in 2008. But former President Barack Obama did not attend the meetings during the time he was in the White House.

Founded in 1971 by Klaus Schwab, a German economics professor, the forum has become an annual meeting that includes dinners and over 400 panel discussion sessions, largely about world social and economic trends. Officially, it is an academic conference; unofficially it is a global schmoozefest for the rich and powerful.

The conference is still dominated by corporate executives, but the gathering also now attracts world leaders, some of whom use the venue as a way to hold less formal bilateral conversations.

Last year, President Xi Jinping of China attended the forum, which began just days before Mr. Trump’s inauguration, becoming the first Chinese leader to mingle with the corporate and media crowd in the mountain village.

In a speech at the forum, Mr. Xi portrayed his country as a global leader interested in free trade at a time that Mr. Trump was already calling for a turn inward. Mr. Xi challenged the incoming president not to forsake trade with the rest of the world.

“Pursuing protectionism is like locking oneself in a dark room,” Mr. Xi said in Davos last year. “While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.”

The forum has also become a way to be seen with the growing number of global celebrities; last year, it was attended by Matt Damon and Forest Whitaker, the actors, and the singer Shakira.

Officials with the World Economic Forum, which takes place from January 23 to 26, said they did not know what dates to expect the president to attend. The White House did not say when Mr. Trump would travel there, or say whether he would make other stops on a broader overseas trips.

https://www.nytimes.com/2018/01/09/us/politics/trump-davos-world-economic-forum.html 

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 1010-1014

Listen To Pronk Pops Podcast or Download Shows 1001-1009

Listen To Pronk Pops Podcast or Download Shows 993-1000

Listen To Pronk Pops Podcast or Download Shows 984-992

Listen To Pronk Pops Podcast or Download Shows 977-983

Listen To Pronk Pops Podcast or Download Shows 970-976

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Advertisements
Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show 1010, December 8, 2017, Story 1: Labor Participation Rate In November 2017 Remained At 62.7% with Over 95.4 Million Not in Labor Force With 160.5 Million In Labor Force –U-3 Unemployment Rate Hit Low 4.1% and U-6 Unemployment Rate Rose To 8.0% — Total Non-farm Payroll Jobs Added 228,000 — Videos — Story 2: Corporate Tax Cut Bill Will Pass By December 22, 2017 — Definitively Not Fundamental Tax Reform For The Middle Class — Replace Income Tax System with A Single Broad Based Consumption Tax Replacing All Federal Income Based Taxes — Videos — Story 3: Defeating The Islamic State in Iraq and Syria By Bombing Them To Death — ISIS Free? — Videos

Posted on December 11, 2017. Filed under: American History, Blogroll, Bombs, Breaking News, Communications, Congress, Constitutional Law, Corruption, Countries, Cruise Missiles, Donald J. Trump, Donald Trump, Drones, Economics, Education, Elections, Empires, Employment, European History, Federal Communications Commission, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Genocide, Government, Government Dependency, History, House of Representatives, Human Behavior, Illegal Immigration, Illegal Immigration, Immigration, Independence, Iraq, Islam, Israel, Killing, Knifes, Language, Law, Legal Immigration, Lying, Media, Middle East, MIssiles, National Interest, National Security Agency, Networking, News, People, Philosophy, Photos, Politics, Polls, President Trump, Raymond Thomas Pronk, Regulation, Religion, Rifles, Rule of Law, Scandals, Spying, Success, Surveillance and Spying On American People, Surveillance/Spying, Syria, Tax Policy, Taxation, Taxes, Terror, Terrorism, Trade Policy, Trump Surveillance/Spying, Turkey, Unemployment, United States of America, Videos, Violence, War, Weapons, Weather, Wisdom, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 1010, December 8, 2017

Pronk Pops Show 1009, December 7, 2017

Pronk Pops Show 1008, December 1, 2017

Pronk Pops Show 1007, November 28, 2017

Pronk Pops Show 1006, November 27, 2017

Pronk Pops Show 1005, November 22, 2017

Pronk Pops Show 1004, November 21, 2017

Pronk Pops Show 1003, November 20, 2017

Pronk Pops Show 1002, November 15, 2017

Pronk Pops Show 1001, November 14, 2017 

Pronk Pops Show 1000, November 13, 2017

Pronk Pops Show 999, November 10, 2017

Pronk Pops Show 998, November 9, 2017

Pronk Pops Show 997, November 8, 2017

Pronk Pops Show 996, November 6, 2017

Pronk Pops Show 995, November 3, 2017

Pronk Pops Show 994, November 2, 2017

Pronk Pops Show 993, November 1, 2017

Pronk Pops Show 992, October 31, 2017

Pronk Pops Show 991, October 30, 2017

Pronk Pops Show 990, October 26, 2017

Pronk Pops Show 989, October 25, 2017

Pronk Pops Show 988, October 20, 2017

Pronk Pops Show 987, October 19, 2017

Pronk Pops Show 986, October 18, 2017

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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

See the source image

See the source image

See the source image

See the source image

See the source imageSee the source image

See the source image

See the source image

 

Story 1: Labor Participation Rate In November 2017 Remained At 62.7% with Over 95.4 Million Not in Labor Force With 160.5 Million In Labor Force –U-3 Unemployment Rate Hit Low 4.1% and U-6 Unemployment Rate Rose To 8.0% — Total Non-farm Payroll Jobs Added 228,000 — Videos —

See the source image

 

See the source image

See the source image

See the source image

US economy adds 228K jobs in November

Analyzing The November Jobs Report Compared To Previous Years | Velshi & Ruhle | MSNBC

U.S. economy continues its strong performance

National Economic Council Director Gary Cohn: Tax Reform Will Help Us Drive Real Wage Growth | CNBC

CNN’s Christine Romans Highlights November’s Really Good Jobs Numbers

Larry Kudlow: Jobs Report Shows We Are On Front End Of “Very, Very Strong Rebound In Manufacturing”

Panel on Strong November Jobs Report; 228K Jobs Added. #Economy #Jobs #Report #November

Stockman: Here’s Why Today’s Jobs Report Is Nothing to Celebrate

Alan Greenspan // We are about to go from stagnation to ‘stagflation’

Ep. 307: Trump Continues What He Once Called the Biggest Hoax in American Politics

The Reason Trump is President – Peter Schiff

 

Civilian Labor Force Level

160,529,000

 

Labor Force Statistics from the Current Population Survey

 

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153484(1) 153694 153954 154622 154091 153616 153691 154086 153975 153635 154125 153650
2011 153263(1) 153214 153376 153543 153479 153346 153288 153760 154131 153961 154128 153995
2012 154381(1) 154671 154749 154545 154866 155083 154948 154763 155160 155554 155338 155628
2013 155695(1) 155268 154990 155356 155514 155747 155669 155587 155731 154709 155328 155151
2014 155295(1) 155485 156115 155378 155559 155682 156098 156117 156100 156389 156421 156238
2015 157022(1) 156771 156781 157043 157447 156993 157125 157109 156809 157123 157358 157957
2016 158362(1) 158888 159278 158938 158510 158889 159295 159508 159830 159643 159456 159640
2017 159716(1) 160056 160201 160213 159784 160145 160494 160571 161146 160381 160529
1 : Data affected by changes in population controls.

 

Labor Force Participation Rate

62.7%

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.1 64.2 64.2 64.1 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.8 63.8 63.7 63.7 63.8 63.7 63.5 63.6 63.8 63.6 63.7
2013 63.6 63.4 63.3 63.4 63.4 63.4 63.3 63.3 63.3 62.8 63.0 62.9
2014 62.9 62.9 63.1 62.8 62.8 62.8 62.9 62.9 62.8 62.9 62.9 62.7
2015 62.9 62.7 62.7 62.8 62.9 62.6 62.6 62.6 62.4 62.5 62.5 62.7
2016 62.7 62.9 63.0 62.8 62.6 62.7 62.8 62.8 62.9 62.8 62.6 62.7
2017 62.9 63.0 63.0 62.9 62.7 62.8 62.9 62.9 63.1 62.7 62.7

Unemployment Level

6.6 Million

 

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 15046 15113 15202 15325 14849 14474 14512 14648 14579 14516 15081 14348
2011 14013 13820 13737 13957 13855 13962 13763 13818 13948 13594 13302 13093
2012 12797 12813 12713 12646 12660 12692 12656 12471 12115 12124 12005 12298
2013 12470 11954 11672 11752 11657 11741 11350 11284 11264 11133 10792 10410
2014 10240 10383 10400 9705 9740 9460 9637 9616 9255 8964 9060 8718
2015 8962 8663 8538 8521 8655 8251 8235 8017 7877 7869 7939 7927
2016 7829 7845 7977 7910 7451 7799 7749 7853 7904 7740 7409 7529
2017 7635 7528 7202 7056 6861 6977 6981 7132 6801 6520 6610

U-3 Unemployment Rate

4.1%

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.3 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.2 6.3 6.1 6.2 6.2 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.4 5.4 5.5 5.3 5.2 5.1 5.0 5.0 5.0 5.0
2016 4.9 4.9 5.0 5.0 4.7 4.9 4.9 4.9 4.9 4.8 4.6 4.7
2017 4.8 4.7 4.5 4.4 4.3 4.4 4.3 4.4 4.2 4.1 4.1  U-3

U-6 Unemployment Rate

8.0%

 

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17.0 17.1 17.1 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.2 16.0 15.9 16.1 15.8 16.1 15.9 16.1 16.4 15.8 15.5 15.2
2012 15.2 15.0 14.5 14.6 14.7 14.8 14.8 14.6 14.8 14.4 14.4 14.4
2013 14.5 14.4 13.8 14.0 13.8 14.2 13.8 13.6 13.7 13.6 13.1 13.1
2014 12.7 12.6 12.6 12.3 12.1 12.0 12.2 12.0 11.8 11.5 11.4 11.2
2015 11.3 11.0 10.9 10.8 10.7 10.5 10.3 10.2 10.0 9.8 9.9 9.9
2016 9.9 9.8 9.8 9.7 9.7 9.6 9.7 9.7 9.7 9.5 9.3 9.2
2017 9.4 9.2 8.9 8.6 8.4 8.6 8.6 8.6 8.3 7.9 8.0

Employment Situation Summary

Transmission of material in this release is embargoed until                  USDL-17-1616
8:30 a.m. (EST) Friday, December 8, 2017

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov


                         THE EMPLOYMENT SITUATION -- NOVEMBER 2017


Total nonfarm payroll employment increased by 228,000 in November, and the unemployment 
rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. 
Employment continued to trend up in professional and business services, manufacturing, 
and health care.

Household Survey Data

The unemployment rate held at 4.1 percent in November, and the number of unemployed 
persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate 
and the number of unemployed persons were down by 0.5 percentage point and 799,000, 
respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for teenagers increased to 15.9 
percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 
percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics 
(4.7 percent) showed little change. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially 
unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. 
Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)

The labor force participation rate remained at 62.7 percent in November and has shown no 
clear trend over the past 12 months. The employment-population ratio, at 60.1 percent, 
changed little in November and has shown little movement, on net, since early this year. 
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as 
involuntary part-time workers), at 4.8 million, was essentially unchanged in November but 
was down by 858,000 over the year. These individuals, who would have preferred full-time 
employment, were working part time because their hours had been cut back or because they 
were unable to find full-time jobs. (See table A-8.)

In November, 1.5 million persons were marginally attached to the labor force, down by 
451,000 from a year earlier. (The data are not seasonally adjusted.) These individuals 
were not in the labor force, wanted and were available for work, and had looked for a job 
sometime in the prior 12 months. They were not counted as unemployed because they had not 
searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 469,000 discouraged workers in November, down by 
122,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers 
are persons not currently looking for work because they believe no jobs are available for 
them. The remaining 1.0 million persons marginally attached to the labor force in November 
had not searched for work for reasons such as school attendance or family responsibilities. 
(See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 228,000 in November. Employment continued to 
trend up in professional and business services, manufacturing, and health care. Employment 
growth has averaged 174,000 per month thus far this year, compared with an average monthly 
gain of 187,000 in 2016. (See table B-1.)

Employment in professional and business services continued on an upward trend in November 
(+46,000). Over the past 12 months, the industry has added 548,000 jobs. 

In November, manufacturing added 31,000 jobs. Within the industry, employment rose in 
machinery (+8,000), fabricated metal products (+7,000), computer and electronic products 
(+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, 
manufacturing employment has increased by 189,000.

Health care added 30,000 jobs in November. Most of the gain occurred in ambulatory health 
care services (+25,000), which includes offices of physicians and outpatient care centers. 
Monthly employment growth in health care has averaged 24,000 thus far in 2017, compared 
with an average increase of 32,000 per month in 2016. 

Within construction, employment among specialty trade contractors increased by 23,000 in 
November and by 132,000 over the year.  

Employment in other major industries, including mining, wholesale trade, retail trade, 
transportation and warehousing, information, financial activities, leisure and hospitality, 
and government, changed little over the month. 

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour 
to 34.5 hours in November. In manufacturing, the workweek was unchanged at 40.9 hours, and 
overtime remained at 3.5 hours. The average workweek for production and nonsupervisory 
employees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and 
B-7.)

In November, average hourly earnings for all employees on private nonfarm payrolls rose 
by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 
2.5 percent. Average hourly earnings of private-sector production and nonsupervisory 
employees rose by 5 cents to $22.24 in November. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised up from +18,000 
to +38,000, and the change for October was revised down from +261,000 to +244,000. With 
these revisions, employment gains in September and October combined were 3,000 more than 
previously reported. (Monthly revisions result from additional reports received from 
businesses and government agencies since the last published estimates and from the 
recalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over 
the last 3 months. 

_____________
The Employment Situation for December is scheduled to be released on Friday, January 5, 
2018, at 8:30 a.m. (EST).


    ______________________________________________________________________________________
   |                                                                                      |
   |               Revision of Seasonally Adjusted Household Survey Data                  |
   |                                                                                      |
   | In accordance with usual practice, The Employment Situation news release for December|
   | 2017, scheduled for January 5, 2018, will incorporate annual revisions in seasonally |
   | adjusted household survey data. Seasonally adjusted data for the most recent 5       |
   | years are subject to revision.                                                       |
   |______________________________________________________________________________________|


    ______________________________________________________________________________________
   |                                                                                      |
   |        Conversion to the 2017 North American Industry Classification System          |
   |                                                                                      |
   | With the release of January 2018 data on February 2, 2018, the establishment survey  |
   | will revise the basis for industry classification from the 2012 North American       |
   | Industry Classification System (NAICS) to 2017 NAICS. The conversion to 2017 NAICS   |
   | will result in minor revisions reflecting content changes within the mining and      |
   | logging, retail trade, information, financial activities, and professional and       |
   | business services sectors. Additionally, some smaller industries will be combined    |
   | within the mining and logging, durable goods manufacturing, retail trade, and        |
   | information sectors. Several industry titles and descriptions also will be updated.  |
   |                                                                                      |
   | Approximately 4 percent of employment will be reclassified into different industries |
   | as a result of the revision. Details of new, discontinued, and combined industries   |
   | due to the 2017 NAICS update, as well as changes due to the annual benchmarking      |
   | process, will be available on January 5, 2018.                                       |
   |                                                                                      |
   | For more information on the 2017 NAICS update, visit www.census.gov/eos/www/naics/.  |
   |______________________________________________________________________________________|



 

https://www.bls.gov/news.release/empsit.nr0.htm

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]
Category Nov.
2016
Sept.
2017
Oct.
2017
Nov.
2017
Change from:
Oct.
2017-
Nov.
2017

Employment status

Civilian noninstitutional population

254,540 255,562 255,766 255,949 183

Civilian labor force

159,456 161,146 160,381 160,529 148

Participation rate

62.6 63.1 62.7 62.7 0.0

Employed

152,048 154,345 153,861 153,918 57

Employment-population ratio

59.7 60.4 60.2 60.1 -0.1

Unemployed

7,409 6,801 6,520 6,610 90

Unemployment rate

4.6 4.2 4.1 4.1 0.0

Not in labor force

95,084 94,417 95,385 95,420 35

Unemployment rates

Total, 16 years and over

4.6 4.2 4.1 4.1 0.0

Adult men (20 years and over)

4.3 3.9 3.8 3.7 -0.1

Adult women (20 years and over)

4.2 3.9 3.6 3.7 0.1

Teenagers (16 to 19 years)

15.2 12.9 13.7 15.9 2.2

White

4.2 3.7 3.5 3.6 0.1

Black or African American

8.0 7.0 7.5 7.3 -0.2

Asian

3.0 3.7 3.1 3.0 -0.1

Hispanic or Latino ethnicity

5.7 5.1 4.8 4.7 -0.1

Total, 25 years and over

3.9 3.5 3.3 3.3 0.0

Less than a high school diploma

7.9 6.5 5.7 5.2 -0.5

High school graduates, no college

4.9 4.3 4.3 4.3 0.0

Some college or associate degree

3.9 3.6 3.7 3.6 -0.1

Bachelor’s degree and higher

2.3 2.3 2.0 2.1 0.1

Reason for unemployment

Job losers and persons who completed temporary jobs

3,542 3,359 3,227 3,159 -68

Job leavers

934 738 742 751 9

Reentrants

2,266 2,079 2,006 2,029 23

New entrants

728 669 629 691 62

Duration of unemployment

Less than 5 weeks

2,415 2,226 2,129 2,250 121

5 to 14 weeks

2,133 1,874 1,942 1,878 -64

15 to 26 weeks

1,073 963 853 927 74

27 weeks and over

1,856 1,733 1,621 1,581 -40

Employed persons at work part time

Part time for economic reasons

5,659 5,122 4,753 4,801 48

Slack work or business conditions

3,485 3,121 2,952 2,983 31

Could only find part-time work

1,902 1,733 1,629 1,559 -70

Part time for noneconomic reasons

21,059 21,011 20,923 21,018 95

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

1,932 1,569 1,535 1,481

Discouraged workers

591 421 524 469

– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Nov.
2016
Sept.
2017
Oct.
2017(P)
Nov.
2017(P)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

164 38 244 228

Total private

178 50 247 221

Goods-producing

35 26 34 62

Mining and logging

7 4 1 7

Construction

28 13 10 24

Manufacturing

0 9 23 31

Durable goods(1)

3 6 13 27

Motor vehicles and parts

1.4 -3.1 -0.8 1.7

Nondurable goods

-3 3 10 4

Private service-providing

143 24 213 159

Wholesale trade

5.6 7.3 8.0 3.4

Retail trade

-12.9 11.7 -2.2 18.7

Transportation and warehousing

21.8 18.3 7.6 10.5

Utilities

0.3 0.6 0.1 -0.2

Information

-12 -5 -8 -4

Financial activities

12 12 7 8

Professional and business services(1)

46 30 54 46

Temporary help services

25.5 10.1 17.9 18.3

Education and health services(1)

31 23 24 54

Health care and social assistance

28.2 8.3 34.6 40.5

Leisure and hospitality

44 -75 104 14

Other services

7 1 18 9

Government

-14 -12 -3 7

(3-month average change, in thousands)

Total nonfarm

179 128 163 170

Total private

178 122 160 173

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES
AS A PERCENT OF ALL EMPLOYEES(2)

Total nonfarm women employees

49.6 49.5 49.5 49.5

Total private women employees

48.2 48.1 48.1 48.1

Total private production and nonsupervisory employees

82.3 82.4 82.4 82.4

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.3 34.4 34.4 34.5

Average hourly earnings

$25.91 $26.53 $26.50 $26.55

Average weekly earnings

$888.71 $912.63 $911.60 $915.98

Index of aggregate weekly hours (2007=100)(3)

105.8 107.4 107.7 108.2

Over-the-month percent change

-0.1 0.0 0.3 0.5

Index of aggregate weekly payrolls (2007=100)(4)

131.0 136.3 136.4 137.3

Over-the-month percent change

-0.2 0.5 0.1 0.7

DIFFUSION INDEX
(Over 1-month span)(5)

Total private (261 industries)

51.5 60.9 65.1 63.0

Manufacturing (78 industries)

48.7 59.0 62.2 59.0

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(P) Preliminary

NOTE: Data have been revised to reflect March 2016 benchmark levels and updated seasonal adjustment factors.

Story 2: Corporate Tax Cut Bill Will Pass By December 22, 2017 — Definitively Not Fundamental Tax Reform For The Middle Class — Replace Income Tax System with A Single Broad Based Consumption Tax Replacing All Federal Income Based Taxes — Videos —

CBS News poll: Most Americans don’t think GOP tax bill helps middle class

Republican tax reform focuses on the corporate side. Is it a mistake?

Rand Paul STRONGLY Supports Donald Trump’s Tax Plan | Tax Update

Rand Paul Supports Donald Trump’s Tax Bill

Rand Paul on BRILLIANT Strategy Obamacare Repeal and Tax Reform in Same Bill

Republicans losing the PR battle over tax reform?

Ex-OMB Director Stockman on Tax Reform, Russia

Corporate tax rate could be sticking point in tax reform fight

Trump aims for tax reform to get done in time for Christmas

Tax reform: Is SALT still on the table?

GOP tax plan is a corporate tax cut, not reform: Robert Wolf

State, local tax deductions should be eliminated: Laffer

NY Congressman: Eliminating SALT deductions are a ‘non-issue’

New Jersey Congressmen Push for SALT Deduction

Gary Cohn: GOP working to accommodate SALT states in tax reform

How the tax reform plans will impact your wallet

Milton Friedman – Why Tax Reform Is Impossible

Milton Friedman – Is tax reform possible?

Freedom from the IRS! – FairTax Explained in Detail

Pence on the Fair Tax

FairTax: Fire Up Our Economic Engine (Official HD)

 

Precision sacrificed for speed as GOP rushes ahead on taxes

5 tax issues Republicans need to resolve in conference

Now that the Senate and the House have passed two tax bills, there are some crucial differences they need to resolve in conference.

 December 10 at 6:42 PM
Republicans are moving their tax plan toward final passage at stunning speed, blowing past Democrats before they’ve had time to fully mobilize against it but leaving the measure vulnerable to the types of expensive problems popping up in their massive and complex plan.Questionable special-interest provisions have been stuffed in along the way, out of public view and in some cases literally in the dead of night. Drafting errors by exhausted staff are cropping up and need fixes, which must be tackled by congressional negotiators working to reconcile competing versions of the legislation passed separately by the House and the Senate.And the melding process underway has opened the door to another frenzy of 11th-hour lobbying as special interests, including President Trump’s rich friends, make one last dash for cash before the final bill speeds through both chambers of Congress and onto Trump’s desk. Passage is expected the week before Christmas.

Veterans of congressional tax overhauls, particularly the seminal revamp under President Ronald Reagan in 1986, have been stunned and in some cases outraged at how swiftly Republicans are moving on legislation that touches every corner of the economy and all Americans. And although GOP leaders make no apologies, some in their rank and file say that the process would have benefited from a more deliberate and open approach.

“I think it would have looked better if we had taken more time and had more transparency, had more open committee hearings,” said freshman Rep. James Comer (R-Ky.).

“Having said that, the goal that everybody had was to reduce the tax rates. . . . So at the end of the day the goal is going to be achieved, but we could have done it in a more transparent manner that probably would have given the voters that are being polled a little more confidence,” Comer said, referring to the effort’s poor showing in opinion surveys.

It has been a little more than a month since the $1.5 trillion legislation was introduced in the House, and in that short time it has cleared the two key committees in the House and Senate and won approval on the floors of both chambers, all without a single Democratic vote. If Trump signs the bill as planned before Christmas, that would mean a journey of less than two months between introduction and final passage.

The specific legislation that probably will become law, sold as a middle-class tax cut but featuring a massive corporate rate reduction at its center, is moving from release toward passage without any hearings, unusual for a bill of such magnitude. And as it tumbled along it picked up some startling new features, to the surprise of affected industries, Democrats and in some cases Republicans themselves.

Some of the most notable changes came in the hours before the Senate’s passage of its version of the plan, which happened about 1:50 a.m. Dec. 2.

The final vote was preceded by hours of inaction as Republicans fine-tuned their legislation behind closed doors, while fuming Democratic staffers ate Chinese food and pored over versions of the bill and lists of amendments that had been leaked by lobbyists on K Street before Republicans had made anything public.

As they got additional drafts of the bill, Democrats were incensed at some of what they found, including new breaks for the oil and gas industry, and a provision that appeared aimed specifically at helping Hillsdale College, a small liberal arts college in Michigan that doesn’t accept federal funding and has a large endowment funded by wealthy conservatives — including the family of Education Secretary Betsy DeVos.

An angry Sen. Bernie Sanders (I-Vt.) stood on his chamber’s floor to declare that “the federal treasury is being looted.” In their one victory of the debate, Democrats offered an amendment to strike the Hillsdale provision, and with the help of four Republicans it passed.

Democrats weren’t the only ones surprised by what was in the bill. Republicans and the business community were stunned when the final Senate version restored the alternative minimum tax for corporations. The tax, aimed at keeping companies from shirking their tax duties entirely, had been repealed in the House bill and earlier versions of the Senate measure.

Restoring the corporate alternative minimum tax created $40 billion in revenue for the bill, which helped Republicans come in under complex budgetary guidelines saying the legislation can’t go over the $1.5 trillion the GOP has agreed to add to the deficit over the next decade. Still, some Republicans professed not to know how the change had come about.

And under the new tax code the GOP bill would create, including the alternative minimum tax could have the unintended consequence of preventing companies from using other deductions, including the popular research and development tax credit.

“I’m guessing they just needed something quick to make the bill work,” said Rep. Devin Nunes (R-Calif.), who is one of the conferees charged with blending the two bills together.

Now, as quickly as it reappeared, the corporate alternative minimum tax probably will disappear again. Republican lawmakers widely agree that it doesn’t work and can’t be included, but it remains a mystery where they’ll find revenue to offset that change and pay for others they’re looking to include in the final package.

There has been discussion of moving the corporate rate — slashed from 35 percent to 20 percent by the House and Senate — back up to 22 percent, but the backlash against that proposal has been intense and it probably will be dropped. But revenue must be found somewhere because there are some changes that look nearly certain, including adjusting the new limit on deducting state and local taxes. Both the House and Senate legislation would allow taxpayers to deduct only up to $10,000 in property taxes. Some of Trump’s New York friends have taken exception to that provision and have lobbied the president personally against it.

It’s all part of a breakneck pace of the tax plan that contrasts with the nearly a year-and-a-half that passed between when Reagan unveiled his initial version of the 1986 tax plan and its ultimate passage into law. The less far-ranging tax cuts that President George W. Bush signed in 2001 took four months to become law after the release of Bush’s initial blueprint. And the Affordable Care Act took nearly a year to complete, including a congressional summer recess featuring angry town hall meetings that turned public sentiment sharply against the bill.

Democrats accuse Republicans of whisking the legislation along to avoid extended public scrutiny and prevent them from mounting an offensive at public hearings or over lengthy congressional breaks. The GOP bills have endured neither.

“It’s clear that we could have defeated this bill had we gone through regular order and had any expert witness from any blue state or high-tax state come in,” said Rep. John B. Larson (Conn.), who was a member of Democratic leadership during the much lengthier and more open process of passing the ACA. The provision limiting taxpayers’ ability to deduct state and local taxes hits high-tax areas such as California, New York, New Jersey and Connecticut particularly hard.

“People would have said, ‘Well, wait a minute,’ ” Larson said.

Republican congressional leaders dispute such comparisons, saying that the process on taxes has been going on for years, given that the party has long been debating the idea and an early foundational bill was released by then-Rep. Dave Camp (R-Mich.), former chairman of the tax-writing Ways and Means Committee, nearly four years ago. House Republicans, led by Speaker Paul D. Ryan (Wis.), also campaigned last year on an agenda called “A Better Way,” which featured a tax plank similar in many respects to the bill the House ultimately passed, although it drew scant attention at the time.

“These are relatively small bills, 400 pages or so; they’re not hard to digest. The policy decisions, the thoughtfulness, a lot of these issues we’ve been debating together and apart for years,” said House Ways and Means Chairman Kevin Brady (R-Tex.). “Bottom line is the American people have been waiting 30 years. So to paraphrase a hardware store: less talking, more doing.”

Even before the late-night Senate dramatics, the process offered surprises and sudden twists.

A provision repealing an Affordable Care Act requirement for most Americans to carry insurance or pay fines was added to the Senate bill with little warning over the course of an afternoon, a major health policy decision that is projected to leave 13 million more Americans uninsured in a decade but that would give Republicans $330 billion to pay for other things they want to do.

And the release of the House bill stunned manufacturers when they discovered it contained an “excise tax” on purchases from American companies’ foreign subsidiaries that some said could drive them out of business. The provision was watered down before passage by the Ways and Means Committee, but companies are still fighting to keep it out of the final bill, said Nancy McLernon, president of the Organization for International Investment, which represents global companies with U.S. operations. Despite the years-long focus on tax overhaul, such a provision had not been debated — even after companies beat back a different import tax, she said.

The Senate has a different provision that companies like better, but as far as the cost of going from one to the other or how it will all shake out, “It’s all a Rubik’s cube,” McLernon said.

Many lobbyists, Democrats and other observers expect to find the final version of the plan, which could be filed late this week, just as full of surprises as the various iterations that have appeared. But as they gun for a legislative win that has eluded them this year, Republicans show little interest in slowing down to take a closer look.

“The frenzy, and I would call it a frenzy, to get it done and have a Christmas present for America — number one, I think it’s unnecessary; it’s a self-imposed deadline, and number two, it makes the possibility for error much greater,” said Steve Bell, a senior adviser at the Bipartisan Policy Center who was staff director of the Senate Budget Committee during the 1986 tax effort. “This is a rush without a reason other than the political desire for a Rose Garden signing ceremony.”

Mike DeBonis contributed to this report.

https://www.washingtonpost.com/business/economy/precision-sacrificed-for-speed-as-gop-rushes-ahead-on-taxes/2017/12/10/876ab274-dc62-11e7-b1a8-62589434a581_story.html?utm_term=.167e53dc0cba

 

The Taxman Cometh: Senate Bill’s Marginal Rates Could Top 100% for Some

Certain high-income business owners would face backwards incentives; lawmakers work to bridge gap

House and Senate Republicans are trying to reconcile their tax bills to get rid of the most contentious proposals.
House and Senate Republicans are trying to reconcile their tax bills to get rid of the most contentious proposals. PHOTO: DANIEL ACKER/BLOOMBERG NEWS

WASHINGTON—Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, far beyond the listed rates in the Republican plan.

That means a business owner’s next $100 in earnings, under certain circumstances, would require paying more than $100 in additional federal and state taxes.

As lawmakers rush to write the final tax bill over the next week, they already are looking at changes to prevent this from happening. Broadly, House and Senate Republicans are trying to reconcile their bills, looking for ways to pay for eliminating the most contentious proposals. The formal House-Senate conference committee will meet on Wednesday, and GOP lawmakers may unveil an agreement by week’s end.

Talking Taxes: What’s Your Fair Share?
What do the 1% pay in taxes? Is it enough? Or too much? WSJ’s tax reporter Richard Rubin breaks it down with lots of candy. Video/Photo: Heather Seidel/The Wall Street Journal

The possible marginal tax rate of more than 100% results from the combination of tax policies designed to provide benefits to businesses and families but then deny them to the richest people. As income climbs and those breaks phase out, each dollar of income faces regular tax rates and a hidden marginal rate on top of that, in the form of vanishing tax breaks. That structure, if maintained in a final law, would create some of the disincentives to working and to earning business profit that Republicans have long complained about, while opening lucrative avenues for tax avoidance.

As a taxpayer’s income gets much higher and moves out of those phaseout ranges, the marginal tax rates would go down.

Consider, for example, a married, self-employed New Jersey lawyer with three children and earnings of about $615,000. Getting $100 more in business income would force the lawyer to pay $105.45 in federal and state taxes, according to calculations by the conservative-leaning Tax Foundation. That is more than double the marginal tax rate that household faces today.

If the New Jersey lawyer’s stay-at-home spouse wanted a job, the first $100 of the spouse’s wages would require $107.79 in taxes. And the tax rates for similarly situated residents of California and New York City would be even higher, the Tax Foundation found. Analyses by the Tax Policy Center, which is run by a former Obama administration official, find similar results, with federal marginal rates as high as 85%, and those don’t include items such as state taxes, self-employment taxes or the phase-out of child tax credits.

The bill as written would provide incentives for business owners to shift profit across calendar years, move personal expenses inside the business and engage in other economically unproductive maneuvers, said David Gamage, a tax-law professor at Indiana University.

“I would expect a huge tax-gaming response once people fully understand how it works,” said Mr. Gamage, a former Treasury Department official, who said business owners have an easier time engaging in such tax avoidance than salaried employees do. “The payoff for gaming is huge, within the set of people who both face these rates and have flexible enough business structures.”

The analyses “raise a valid concern” that lawmakers are examining, said Julia Lawless, a spokeswoman for the Senate Finance Committee.

“With any major reform, there will always be unusual hypotheticals delivering anomalous results,” she said. “The goal of Congress’s tax overhaul has been to lower taxes on the American people and by and large, according to a variety of analyses, we’re achieving that.”

Marginal tax rates are different from average tax rates. A marginal rate is the tax on the edge, or margin, of one’s earnings, and so it reflects what would be the next dollar of income. The average rate is a way of measuring a taxpayer’s total burden.

The Republican bills are trying to reduce both marginal and average tax rates, and for many taxpayers, they do. The marginal tax rates above 100% affect a small slice of households with very particular circumstances. Similar, though smaller, effects occur throughout the tax system.

“This is a big concern,” said Scott Greenberg, a Tax Foundation analyst. “It would be unfortunate if Congress passed a tax bill that had the effect of making additional work and additional income not worthwhile for any subgroup of households.”

Here’s how that New Jersey lawyer’s marginal rate adds up to more than 100%:

The household is paying the 35% marginal tax rate on their income range. Or, they are paying the alternative minimum tax, which operates at the same marginal rate in that income range.

The household is paying New Jersey’s highest income-tax rate, which is 8.97%, and now has to pay all of that because the Republican tax plan wouldn’t let such state or local taxes be deducted from federal income.

The household is also losing a deduction the Senate created for so-called pass-through businesses such as partnerships and S corporations. That 23% deduction is fully available to owners of service businesses like law firms, but only if income is below $500,000 for a married couple.

The deduction then phases out over $100,000 in income, according to a complex formula, disappearing entirely once income reaches $624,000. Up to that point, each additional dollar of business income faces progressively steeper tax rates because the deduction and its benefit are shrinking rapidly as income goes up.

The provisions also interact with each other in ways that drive up marginal rates. “The central problem here is that there is a large benefit phasing out over a short range,” Mr. Greenberg said.

The Republican bill doubles the child tax credit to $2,000 but phases it out beginning at $500,000 income for joint filers. The credit shrinks by $50 for every $1,000 in income above that, so a married couple with three children faces a higher marginal tax rate when they’re in that phase-out range.

The analysis assumes that the New Jersey lawyer is paying a 3.8% tax on self-employment income.

Pushing marginal rates lower on these households wouldn’t be easy and would require tradeoffs. Republicans could make the phaseout of the business deduction more gentle, spreading it over, say, $200,000, as opposed to $100,000, of income above $500,000. But that would make the tax cuts bigger, and Republicans are already looking for money to offset other changes they are planning.

They could lower the threshold for the child tax credit, but that would reduce tax cuts for households below $500,000.

Under current law, there are some high marginal tax rates for some lower-income households. Some families just above the poverty line can see their earned income tax credits and food stamps going down as their federal and state taxes go up. That combination can create marginal tax rates of around 75%, according to the Congressional Budget Office.

Appeared in the December 11, 2017, print edition as ‘Taxman Cometh: Marginal Rates Could Top 100% for Some.’

https://www.wsj.com/articles/the-taxman-cometh-senate-bills-marginal-rates-could-top-100-for-some-1512942118

Tax Reform Under History’s Light


Senior Vice President, Economic Policy Division, and Chief Economist

Former Democratic Senator John Breaux

Former Democratic Senator John Breaux.

[This is part of an ongoing series entitled “The Case for Tax Reform,” which examines the importance of reforming the outdated tax code, and how achieving that goal will advance economic growth, jobs, and prosperity.]

Tax reform’s chances are better in this Congress than at any time in the past 30 years. Thus, comparisons come naturally to the events leading up to the 1986 Tax Reform Act (TRA86). These comparisons are useful for the similarities and the differences, both of which provide insights as to how to assure success today.

One important similarity is TRA86 brought to conclusion a long and detailed debate about tax policy. Our current efforts also rest on a lengthy debate recently brought to the fore. An important difference, however, is TRA86 was enacted as a widely accepted “should do,” whereas tax reform in 2017 is much more of a “must do.”

‘86 tax reform in 30 seconds

TRA86 culminated as a complex debate starting about 10 years prior with the release of Treasury’s “Blueprints for Basic Tax Reform” in the waning hours of the Ford administration. Treasury’s “Blueprints” laid out a coherent approach to tax policy, emphasizing simplification and a reduction in tax distortions that were sapping economic growth.

Two years later, in response to a poorly performing economy, Congress adopted the Steiger Amendment, significantly cutting the capital gains tax rate as part of the 1978 Revenue Act. While often ignored, the Steiger Amendment marked the bi-partisan recognition of tax policy’s importance for economic growth. Pro-growth tax reform was not just for tax geeks anymore.

Federal tax policy debate took on new energy in 1981 with the passage of the landmark Reagan tax cuts, dominated by substantial rate reduction. Following legislation in 1982 and 1984 to readjust tax levels, the stage was set for fundamental tax reform.

A bipartisan consensus regarding sound tax policy evolved through the years leading up to TRA86. This consensus distilled down to the simple mantra of “lower the rates, broaden the base.”  Like the 1981 legislation, TRA86 would reduce tax rates substantially and install a less punitive system of capital consumption allowances. Unlike the 1981 legislation, however, the focus would also be on simplification, on the wide range of areas of the tax code reformed, and especially on revenue neutrality.

This consensus first took concrete form in two highly-detailed proposals out the Reagan Treasury Department, commonly dubbed Treasury I and its improved version, Treasury II, and released in 1984 and 1985 respectively. With these reports laying the groundwork, Congress then took over a year to legislate, finally producing TRA86.

The years between

TRA86 was the product of an extended period of consensus building and analysis. For those new to the debate, today’s strong momentum for comprehensive, pro-growth tax reform may seem to have arisen out of thin air, but, in fact, this debate has ebbed and flowed almost without pause since 1986.

The appetite for tax reform did not die following TRA86, and so consideration naturally moved on to the “next big thing.” For a period, the big thing seemed to be some kind of European-style Value Added Tax (VAT). The VAT momentum quickly petered out, however, and soon revenue pressures shifted the focus of tax policy once again to raising income tax rates, often with distinct “soak-the-rich” overtones. The VAT episode set tax reform’s pattern of ebb and flow for the following years.

Even as the debate toward TRA86 was underway, a very different approach to tax policy appeared in the Hall-Rabushka Flat Tax. Though the Flat Tax is best known for having a single rate of tax, hence the name, what really distinguishes the Flat Tax is its simplification, the elimination of all taxes on capital income and capital gains, and the adoption of a cash-flow tax on businesses centered on allowing capital purchases to be “expensed,” or deducted immediately.

In the 1990s, as the Flat Tax gained greater acceptance, tax reform topped the national agenda with Steve Forbes leading the charge. But this effort soon deflated along with Forbes’ 1996 presidential campaign.

Tax reform again gained traction briefly after the 2004 election with the release of the superb report of the presidential commission led by former Democratic Senator John Breaux and former Republican Senator Connie Mack. However, this effort, too, led to naught, a victim of competing priorities and a lack of consensus.

Income tax reform was pushed far onto the back burners during President Barack Obama’s tenure. Despite a historically weak economic recovery, the Obama administration expressed little interest in proposals to reduce the tax code’s drag on growth. The Obama administration contented itself with modest tweaks at the edges and otherwise dedicated its efforts to defending the status quo, especially in the area of international tax where global pressures were felt most profoundly.

Tax reform today

Even as years of inaction passed, pressure to reform the federal income tax code rose steadily from all sides. In part, this pressure arose because the U.S. economy was changing rapidly, and the tax code became an ever-worse fit for a modern economy.

In part, the pressure arose because even as America stood pat, America’s major trading partners did not. They were cutting business tax rates steadily and almost all were moving toward a territorial tax system to allow their businesses to compete more effectively in a global business climate of increasing intensity.

Though on the back burner, tax reform continued to simmer in backchannels. Then-House Budget Committee Chairman Paul Ryan (R-WI) advanced a series of thoughtful tax reform proposals as part of his broader efforts to reform Federal tax policy. Rep. Devin Nunes (R-CA) offered his variation on tax reform, differing from but along the same broad lines as the Ryan proposal. Sen. Marco Rubio (R-FL) also introduced a major, comprehensive tax reform proposal with his own interpretations, and then released subsequent iterations as comments and critiques soon followed. In these years, though President Obama continued to block tax reform’s path, the debate remained alive and well.

In 2014, former Ways and Means Committee Chairman David Camp (R-MI) introduced a detailed tax reform proposal. As tax reform would originate in this committee, Camp’s proposal took on greater significance than most. The Camp proposal was intended to serve as a prototype for tax legislation and so offered much more detail and, in some cases, specific options for resolving some of the nagging technical issues in adopting a territorial tax system, for example. However, in the face of President Obama’s determined disinterest, few were willing to contemplate seriously the hard choices the Camp plan laid out and so, again, tax reform was left to simmer on the back burner.

Tax reform played a limited role in the 2016 presidential campaign, with the Democratic nominee, Hillary Clinton, largely continuing the defense of the status quo established by President Obama. Meanwhile, the Republican nominee, Donald Trump, suggested a bold change of direction; though, he accompanied it by very few details. Trump’s election, combined with the strong Republican interest in tax reform, quickly moved the issue to the front burner.

The focus on growth

Tax reform today, like its 1986 predecessor, has a long history of debate, evolution, and refinement. TRA86 and the current effort also share an intense focus on improving economic growth, but with one important difference: TRA86 largely responded to a sense borne of the previous, deep recession that the economy needed to be both stronger and more resilient, and that sound tax policy could help. Tax reform was seen as something Congress and the president could and should accomplish.

Tax reform today shares a similar motivation, but with far greater urgency. Just as no business can compete for long if its cost structure substantially exceeds those of its competitors, American businesses cannot continue to compete effectively at home or abroad facing high tax rates, an inadequate capital cost recovery system, and an international tax system long abandoned by competing companies.

American companies are managing to compete successfully today but with ever greater difficulty under the federal tax system. Failure to reform the tax system would not result overnight in significant decline in Americans’ long-run economic prospects. But it would most assuredly do so over the next few years as both financial and human capital is driven overseas.

Tax reform is one task Congress and the president simply have to get right if America is to prosper.

https://www.uschamber.com/above-the-fold/tax-reform-under-history-s-light

What History Teaches Us About Tax Reform


Senior Vice President, Economic Policy Division, and Chief Economist
023275_taxreform_atf_08_22_reagan_getty471341025.jpg

[This is part of an ongoing series entitled “The Case for Tax Reform,” which examines the importance of reforming the outdated tax code, and how achieving that goal will advance economic growth, jobs, and prosperity.]

An underperforming economy and mounting international competition have propelled tax reform from topic of discussion to front-burner issue. There is no change in federal policy that offers greater potential to strengthen employment and increase wages for American workers than sound, comprehensive tax reform.

Reviewing and respecting the lessons from the last major tax reform over thirty years ago illuminates the road ahead, and provides lessons for how to raise our odds of success. Time provides a dimension worth exploring for similarities and contrasts between 1986 and today. Specifically, the time leading up to the effort, and the time needed for Congress to act.

The Historical On Ramp to Tax Reform

President John F. Kennedy understood the dampening economic effects of high tax rates. Though he died before seeing his program enacted, his successor, President Lyndon B. Johnson pushed the program through Congress and thus the 1964 tax bill is commonly referred to as the “Kennedy tax cuts.” The 1964 bill centered on significant tax rate reductions to achieve a substantially stronger economy.

Thereafter, budget pressures from the Vietnam War and Great Society programs reoriented tax policy once again toward ever-higher tax rates accompanied by a steady accretion of deductions and credits to blunt the effects of higher rates on politically favored constituencies. This process continued unabated into President Jimmy Carter’s administration and not surprisingly coinciding with a languishing economy.

Even as tax rates climbed and new distortions filled the tax code, a countermovement arose. In the final moments of the Ford Administration, Secretary William E. Simon released a landmark Treasury report directed by one of the era’s great economists, David Bradford, called “Blueprints for Basic Tax Reform,” guiding concepts of sound tax policy for years to come.

As the economy struggled and President Carter stood by, Congress took the initiative. With strong, bipartisan support over Carter’s objections, Congress substantially cut the capital gains tax rate as part of the 1978 Revenue Act, marking the first step in a change in tax philosophy culminating in the 1986 Tax Reform Act (TRA86).

Senator Bill Roth (R-DE) and Congressman Jack Kemp (R-NY) then picked up tax reform’s guidon, leading the charge for lower tax rates. At the same time, a second dimension in tax policy gained steam – the need for a less punitive capital cost recovery system. This debate was led largely outside Congress by the likes of Charls Walker and Ernie Christian, former Ford Administration Treasury hands, and Norman B. Ture, later Treasury undersecretary under Ronald Reagan.

Spurred by a recession wrought by a disinflationary monetary policy, the tax debate quickly came to a head in the 1981 “Reagan tax cuts.” The 1981 bill cut tax rates and instituted a vastly superior capital cost recovery system among other reforms. In the process, the bill cut revenues far more than Reagan proposed.

Though the 1981 bill was championed by a Republican president, it enjoyed widespread Democratic support. Rep. Dan Rostenkowski (D-IL), Chairman of the House Committee on Ways and Means introduced and pushed the legislation to passage, joined by almost half the House Democrats and almost a third of Senate Democrats.

The magnitude of the 1981 tax cuts proved politically unsustainable and were quickly followed by a series of tax hikes reversing some of the 1981 revenue reductions. Having settled the issue of how much to tax, the stage was now set for the 1986 reform and deciding who and how to tax.

Building Toward the 1986 Tax Reform Act

At about this time a fundamentally different approach to tax policy appeared: the Hall-Rabushka Flat Tax. The Flat Tax’s popularity often associates with the simplicity of imposing a single tax rate. However, the real revolution it offered was not the single tax rate,but  what is subject to tax. Despite appearing as a traditional income tax, the Flat Tax was something quite new as it explicitly eliminated tax on investment income and imposed a simple cash flow tax on all businesses, thus adopting the principle of expensing, or allowing a full and immediate deduction for capital purchases.

The Flat Tax was too radical to gain wide acceptance in the early 1980s, but a vigorous bipartisan debate harkening back to Bradford’s 1976 “Blueprints” continued nonetheless. The 1981 tax cuts worked as intended to launch a powerful economic recovery, but memories of poor economic performance under Carter still lingered. A broad, bipartisan consensus championed faster economic growth by reforming the tax code to reduce the distortions to economic decision making it caused and the resulting misallocation of basic resources.

The basic strategy was to lower rates as in the 1981 Act, only further, and to implement a sound cost recovery system as in the 1981 Act. In contrast to 1981, however, the new strategy included a determined effort to “broaden the tax base” by eliminating distorting loopholes and tax credits, thereby intending the overall bill to be revenue neutral. .

The Treasury Department under Secretary Don Regan took the first big step in 1984 with the release of a densely packed 275 page proposal for comprehensive tax reform, dubbed “Treasury I”. While many aspects were well-received, as with most prototypes, Treasury I contained flaws, some of which Treasury addressed in 1985 with “Treasury II”.

Tax reform was off and running in Congress with the release of Treasury II, but the road  was by no means easy. Time and again Reagan had to give Congress another not-always-gentle push. The greatest peril demanding Reagan’s firm hand came when Senate Finance Committee Chairman Bob Packwood (R-OR) realized he couldn’t pass tax reform on the path it was on. Ironically, the man who had repeatedly saved tax reform, President Reagan, was also now tax reform’s biggest obstacle.

The Price for Overcoming the Greatest Hurdle

Reagan was forced into pushing for the most rate reduction possible. Initially he drew the line at 25 percent for individuals and he held firm for much of the debate. Like most policy, tax reform involves trade-offs and Packwood just couldn’t find enough obvious base broadeners he could economically or politically trade off to hit a 25 percent rate.

Something had to give. At first the rate crept up to 26 and then to 28 percent. But at 28 percent, Reagan would go no further.

As Reagan urged Packwood to press on, Packwood had to get creative. He took fairly innocuous existing individual and corporate minimum taxes and expanded them into full-fledged parallel tax systems; voila, massive back-door base broadening. Packwood’s new Alternative Minimum Tax (AMT), while a superb example of terrible tax policy, had as its one redeeming feature: it raised enough money in a sufficiently confusing manner to hit the 28 percent rate without creating too many political problems, at least not for the duration of the debate. Three months later, the final bill passed the Senate.

Packwood’s AMT offers an important lesson for tax reform today. As important as low tax rates are for economic growth, policy makers and the public need to be honest about the tradeoffs involved. The broadest possible tax base capable of garnering sufficient political support can only raise so much revenue at a targeted tax rate. Demand an even lower tax rate and something (or someone) else will have to give and very likely pro-growth tax policy will suffer as a consequence.

Back to the Present

With respect to time, the current tax reform debate parallels that of 1986 closely. TRA86 concluded a lengthy, evolutionary process regarding accepted beliefs about sound, pro-growth tax policy. That process distilled to the lowest possible rates and applied to a simple, broad tax base, while allowing for a depreciation system for capital costs minimizing the anti-investment aspects of an income tax.

Tax reform today shares these traits, both with respect to the substance of reform – low rates, broad base, and today, expensing – and with respect to time. Like the 1986 episode, tax reform today reflects the product of many years of debate regarding the design of pro-growth tax policy, an evolution that began in 1986.

In one other critical respect regarding time, TRA86 and the current effort offer stark contrasts. Where the legislative starting gun on TRA86 went off in 1984 and the effort then proceeded for over two years, Congress in 2017 will have only a handful of months from introduction to tax reform’s final passage. This difference in time will have significant implications for how Congress defines “comprehensive” as they work toward pro-growth tax reform.

Read Part 2: Tax Reform Under History’s Light

https://www.uschamber.com/above-the-fold/what-history-teaches-us-about-tax-reform

 

Story 3: Defeating The Islamic State in Iraq and Syria By Bombing Them To Death — ISIS Free? — Videos

ISIS defeated in Iraq, officials say

Eric Shawn reports: ISIS defeated, but will it last?

Iraq celebrates ISIS defeat, US claims fight isn’t over

 

Total victory over ISIS in Syria

ISIS Breaking news: No Islamic State has been defeated- BBC news Nov 2017

Iraqi military take part in spectacular parade celebrating victory over ISIS

Report: ISIS militants moving to remote deserts

Ralph Peters on the fight against ISIS and Iran’s influence

Trump WH announces shift in strategy to defeat ISIS

ISIS Surrounded: Trump’s Plan to ‘Annihilate’ the Islamic Caliphate

This Iran-backed militia helped save Iraq from ISIS. Now Washington wants them to disband

Iraqi Christian on life after ISIS destroyed his church

Trump WH announces shift in strategy to defeat ISIS

Peters: Fall of ISIS in Iraq is imminent, but what’s next?

Tillerson: ISIS will be defeated

Trump, Mattis turn military loose on ISIS, leaving terror caliphate in tatters

Hundreds of ISIS fighters had just been chased out of a northern Syrian city and were fleeing through the desert in long convoys, presenting an easy target to U.S. A-10 “warthogs.”

But the orders to bomb the black-clad jihadists never came, and the terrorists melted into their caliphate — living to fight another day. The events came in August 2016, even as then-Republican presidential nominee Donald Trump was vowing on the campaign trail to let generals in his administration crush the organization that, under President Obama, had grown from the “jayvee team” to the world’s most feared terrorist organization.

OIR_CROFT

U.S. Air Force Brig. Gen. Andrew Croft said the Trump administration has put a strong leadership team in place  (U.S. Army photo by Sgt. Tracy McKithern)

“I will…quickly and decisively bomb the hell out of ISIS,” Trump, who would name legendary Marine Corps Gen. James Mattis as secretary of defense, promised. “We will not have to listen to the politicians who are losing the war on terrorism.”

ISIS CURSED, MOCKED IN MOSUL, WHERE OLD CITY REMAINS A HAUNTED WASTELAND

Just over a year later, ISIS has been routed from Iraq and Syria with an ease and speed that’s surprised even the men and women who carried out the mission. Experts say it’s a prime example of a campaign promise kept. President Trump scrapped his predecessor’s rules of engagement, which critics say hamstrung the military, and let battlefield decisions be made by the generals in the theater, and not bureaucrats in Washington.

“I felt quite liberated because we had a clear mandate and there was no questioning that.”

– U.S. Marine Col. Seth Folsom

At its peak, ISIS held land in Iraq and Syria that equaled the size of West Virginia, ruled over as many as 8 million people, controlled oilfields and refineries, agriculture, smuggling routes and vast arsenals. It ran a brutal, oppressive government, even printing its own currency.

OIR_FOLSOM

Lt. Col. Seth Folsom credits the cooperation between Iraqi Security Forces and the U.S-led coalition for the military defeat of ISIS in Iraq.  (Courtesy U.S Army)

The terror organization now controls just 3 percent of Iraq and less than 5 percent of Syria. Its self-styled “caliph,” Abu Bakr al-Baghdadi, is believed to be injured and holed up somewhere along the lawless border of Syria and Iraq.

ISIS remains a danger, as members who once ruled cities and villages like a quasi-government now live secretly among civilian populations in the region, in Europe and possibly in the U.S. These cells will likely present a terrorist threat for years. In addition, the terrorist organization is attempting to regroup in places such as the Philippines, Libya and the Sinai Peninsula.

But the military’s job — to take back the land ISIS claimed as its caliphate and liberate cities like Mosul, in Iraq, and Raqqa, in Syria, as well as countless smaller cities and villages, is largely done. And it has taken less than a year.

Defense Secretary Jim Mattis waits to greet Polish Defense Minister Antoni Macierewicz, upon his arrival at the Pentagon, Thursday, Sept. 21, 2017, in Washington. (AP Photo/Alex Brandon)

Mattis, a US Marine Corps general, said there would be no White House micromanaging on his watch  (Associated Press)

“The leadership team that is in place right now has certainly enabled us to succeed,” Brig. Gen. Andrew Croft, the ranking U.S. Air Force officer in Iraq, told Fox News. “I couldn’t ask for a better leadership team to work for, to enable the military to do what it does best.”

President Trump gave a free hand to Mattis, who in May stressed military commanders were no longer being slowed by Washington “decision cycles,” or by the White House micromanaging that existed President Obama. As a result of the new approach, the fall of ISIS in Iraq came even more swiftly than hardened U.S. military leaders expected.

“It moved more quickly than at least I had anticipated,” Croft said. “We and the Iraqi Security Forces were able to hunt down and target ISIS leadership, target their command and control.”

OIR_SOFGE1

U.S. Marine Corps Brig. Gen. Robert Sofge said the military now has a clear mandate  (U.S. Army photo by Spc. Cole Erickson)

IRAQI KURDS STILL LOVE US DESPITE ITS OPPOSITION TO KURDISH INDEPENDENCE, SAYS KURDISH LEADER

After the battle to liberate Mosul – ISIS’ Iraqi headquarters – was completed in July — the U.S.-led coalition retook Tel Afar in August, Hawija in early October and Rawa in Anbar province in November.

Marine Col. Seth Folsom, who oversaw fighting in Al Qaim near the Syrian border, agreed. He wasn’t expecting his part of the campaign against ISIS to get going until next spring and figured even then, it would then “take six months or more.”

Instead, ISIS was routed in Al Qaim in just a few days.

mosul

Mosul, and several other cities liberated by ISIS, were largely destroyed in the fighting.  (Fox News/Hollie McKay)

“We really had one mandate and that was enable the Iraqi Security Forces to defeat ISIS militarily here in Anbar. I feel that we have achieved that mission,” Folsom said. “I never felt constrained. In a lot of ways, I felt quite liberated because we had a clear mandate and there was no questioning that.”

Brig. Gen. Robert “G-Man” Sofge, the top U.S. Marine in Iraq, told Fox News his commanders have “enjoyed not having to deal with too many distractions and there was no question about what the mission here in Iraq was.”

OIR_

Iraqi Brig. Gen. Yahya Rasool was skeptical of Trump at first, but says success on the ground has been swift  (Fox News/Hollie McKay )

“We were able to focus on what our job was without distraction and I think that goes a long way in what we are trying to accomplish here,” he said.

Sofge said criticism that loosening rules of engagement put civilians at risk is “absolutely not true.”

OIR_dillon

Col. Ryan Dillon. Combined Joint Task Force – Inherent Resolve Spokesman  (Photo by CJTFOIR)

“We used precision strikes, and completely in accordance with international standards,” he said. “We didn’t lower that standard, not one little bit. But we were able to exercise that precision capability without distraction and I think the results speak for themselves.”

The U.S.-led coalition said this week the Coalition Civilian Casualty Assessment Team has added 30 new staffers to travel throughout the region. It said military leaders continue to “hold themselves accountable for actions that may have caused unintentional injury or death to civilians.”

The coalition also said dozens of reports of civilian casualties have been determined to be “non-credible,” and just .35 percent of the almost 57,000 separate engagement carried out between August 2014 and October 2017 resulted in a credible report of a civilian casualty.

In addition to air support, the U.S.-led strategy also includes training and equipping Iraqi troops on the ground.

While the Trump administration’s success is often underplayed in the U.S. media, it is obvious on the ground in Iraq, according to a spokesman for Iraq’s Ministry of Defense, Yahya Rasool.

“I was not optimistic when Trump first came to the office,” Rasool said. “But after a while I started to see a new approach, the way the U.S. was dealing with arming and training. I saw how the coalition forces were all moving faster to help the Iraq side more than before. There seemed to be a lot of support, under Obama we did not get this.”

FILE - This file image made from video posted on a militant website July 5, 2014, purports to show the leader of the Islamic State group, Abu Bakr al-Baghdadi, delivering a sermon at a mosque in Iraq during his first public appearance. Islamic State group leader Abu Bakr al-Baghdadi appears to be still alive, a top U.S. military commander said Thursday, Aug. 31, 2017, contradicting Russia’s claims that it probably killed the top counterterror target months ago.(Militant video via AP, File)

Al-Baghdadi, who once ruled a caliphate the size of California, is now inn hiding and likely badly injured

Despite the victories on the battlefield, U.S. officials cautioned much work remains to be done.

“ISIS is very adaptive,” noted Col. Ryan Dillon, the U.S.-led coalition spokesman. “We are already seeing smaller cells and pockets that take more of an insurgent guerrilla type approach as opposed to an Islamic army or conventional type force. So we have got to be prepared for that.”

He said as a result the coalition is “adjusting some training efforts” so the Iraqi forces — upwards of 150,000 have already undergone training — are equipped to address such threats and ensure long-term stability.

Folsom said “the worst thing we could do” is not finish the job.

“If a country becomes a failed state, if it becomes a lawless region, you begin to set the conditions for what happened in the years before 9/11,” he said. “In those ungoverned spaces where we don’t know what is going on, that is where those seeds of extremism begin to blossom.”

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 1010

Listen To Pronk Pops Podcast or Download Shows 1001-1009

Listen To Pronk Pops Podcast or Download Shows 993-1000

Listen To Pronk Pops Podcast or Download Shows 984-992

Listen To Pronk Pops Podcast or Download Shows 977-983

Listen To Pronk Pops Podcast or Download Shows 970-976

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops 1007, November 28, 2017, Story 1: North Korea Launches Intercontinental Ballistic Missile (ICBM) — Flies 50 Miles High Toward Japan — Videos — Story 2: President Trump’s Big Push To Pass Something In The Senate — Tax Cut Yes, Tax Reform No — Something Maybe — Videos — Story 3: Repeal Government Control and Regulation of Internet — Let Consumer Sovereignty and Free Enterprise Market Capitalism Reign — Videos — Story 4: Obama Appointed Inspector General Charles McCullough Found 22 Top Secret and Beyond In Hillary Clinton’s E-Mails with Over 2,100 Containing Classified Information — Extremely Reckless Said Clapper — Clinton and Campaign Lied To American People — Prosecute Now! — The Statute of Limits Runs Out In February 2018 — Videos

Posted on November 28, 2017. Filed under: American History, Applications, Banking System, Blogroll, Breaking News, Budgetary Policy, Cartoons, Computers, Congress, Constitutional Law, Corruption, Countries, Culture, Deep State, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Empires, Employment, Federal Bureau of Investigation (FBI), Fiscal Policy, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Hardware, Health, Hillary Clinton, Hillary Clinton, History, House of Representatives, Human, Independence, Law, Life, Media, MIssiles, National Interest, National Security Agency, News, Nuclear, Nuclear Weapons, Obama, People, Philosophy, Photos, Pistols, Politics, Polls, President Trump, Public Corruption, Radio, Raymond Thomas Pronk, Regulation, Resources, Rule of Law, Scandals, Science, Security, Senate, Servers, Social Security, Software, South Korea, Spying on American People, Surveillance/Spying, Tax Policy, Taxation, Taxes, Technology, Treason, Unemployment, United States of America, Videos, Violence, War, Weapons | Tags: , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 1007, November 28, 2017

Pronk Pops Show 1006, November 27, 2017

Pronk Pops Show 1005, November 22, 2017

Pronk Pops Show 1004, November 21, 2017

Pronk Pops Show 1003, November 20, 2017

Pronk Pops Show 1002, November 15, 2017

Pronk Pops Show 1001, November 14, 2017 

Pronk Pops Show 1000, November 13, 2017

Pronk Pops Show 999, November 10, 2017

Pronk Pops Show 998, November 9, 2017

Pronk Pops Show 997, November 8, 2017

Pronk Pops Show 996, November 6, 2017

Pronk Pops Show 995, November 3, 2017

Pronk Pops Show 994, November 2, 2017

Pronk Pops Show 993, November 1, 2017

Pronk Pops Show 992, October 31, 2017

Pronk Pops Show 991, October 30, 2017

Pronk Pops Show 990, October 26, 2017

Pronk Pops Show 989, October 25, 2017

Pronk Pops Show 988, October 20, 2017

Pronk Pops Show 987, October 19, 2017

Pronk Pops Show 986, October 18, 2017

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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

See the source imageSee the source imageSee the source image

 

Story 1: North Korea Launches Intercontinental Ballistic Missile (ICBM) — Flies 50 Miles Toward Japan — Videos —

See the source imageSee the source imageSee the source image

Mattis: North Korean missile launch ‘went higher’ than previous tests

North Korea celebrates ICBM launch, harsh sanctions promised

US sanctions may not be enough to stop North Korea

Fox News confirms North Korea fires ballistic missile

Japanese Coverage Of North Korea Ballistic Missile Launch

 

North Korea ICBM test may show Washington within range.

by Reuters
Wednesday, 29 November 2017 03:06 GMT

 

* N.Korean missile test first since September

* Missile reached altitude of at least 4,000 km – officials

* Some scientists say Washington D.C. may now be within range

* N.Korea announcement 0330GMT-Yonhap cites N.Korean media

* For multimedia coverage of North Korea https://www.reuters.com/north-korea/

By Christine Kim and Phil Stewart

SEOUL/WASHINGTON, Nov 29 (Reuters) – North Korea launched what officials said was likely an intercontinental ballistic missile (ICBM) that flew high into space before landing near Japan on Wednesday, showing Pyongyang may now be able to reach Washington, D.C. with its weapons.

The missile test, North Korea’s first since mid-September, came a week after U.S. President Donald Trump put North Korea back on a U.S. list of countries it says support terrorism, allowing it to impose more sanctions.

North Korea has conducted dozens of ballistic missile tests under its leader, Kim Jong Un, in defiance of international sanctions. Trump has vowed not to let North Korea develop nuclear missiles that can hit the mainland United States.

The South Korean military said the missile reached an altitude of around 4,500 km (2,800 miles) – more than 10 times the height of the international space station – and flew 960 km (600 miles) before landing in Japan’s exclusive economic zone.

U.S., Japanese and South Korean officials all agreed it was likely an ICBM but it did not pose a threat to the United States, its territories or allies, the Pentagon said.

“It went higher frankly than any previous shot they’ve taken, a research and development effort on their part to continue building ballistic missiles that can threaten everywhere in the world, basically,” U.S. Defense Secretary Jim Mattis told reporters at the White House.

Trump spoke by phone with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-In, with all three leaders reaffirming their commitment to combat the North Korean threat.

“It is a situation that we will handle,” Trump told reporters at the White House.

President Moon told Trump during their call that North Korea’s missile technology seemed to have improved, a spokesman for the South Korean leader’s office said.

Trump, who was briefed on the missile while it was in flight, said it did not change his administration’s approach to North Korea, which has included new curbs to hurt trade between China and North Korea.

ALL OPTIONS

Washington has said repeatedly that all options, including military ones, are on the table in dealing with North Korea.

“Diplomatic options remain viable and open, for now,” U.S. Secretary of State Rex Tillerson said.

Other than carrying out existing U.N. sanctions, “the international community must take additional measures to enhance maritime security, including the right to interdict maritime traffic” traveling to North Korea, Tillerson said in a statement.

The U.N. Security Council was scheduled to meet on Wednesday to discuss the launch, which Secretary-General Antonio Guterres strongly condemned.

“This is a clear violation of Security Council resolutions and shows complete disregard for the united view of the international community,” his spokesman said in a statement.

North Korea will make an announcement at 0330 GMT, South Korea’s Yonhap news agency said, citing North Korean media which gave no further details.

U.S. EAST COAST IN RANGE?

An official at South Korea’s Joint Chiefs of Staff said they presumed the missile was a Hwasong-14 – a two-stage ICBM North Korea tested twice in July.

Japanese officials said the missile flew for 53 minutes and broke up before landing in Japan’s exclusive economic zone.

“If these numbers are correct, then if flown on a standard trajectory rather than this lofted trajectory, this missile would have a range of more than 13,000 km (8,100 miles) … Such a missile would have more than enough range to reach Washington, D.C., and in fact any part of the continental United States,” the U.S.-based Union of Concerned Scientists said.

However, it was unclear how heavy a payload the missile was carrying, and it was uncertain if it could carry a large nuclear warhead that far, the nonprofit science advocacy group added.

Either way, experts believe North Korea will soon have the ability to threaten the continental United States, if it doesn’t already.

“We don’t have to like it, but we’re going to have to learn to live with North Korea’s ability to target the United States with nuclear weapons,” said Jeffrey Lewis, head of the East Asia Nonproliferation Program at the Middlebury Institute of Strategic Studies.

Minutes after the North fired the missile, South Korea’s military conducted a missile-firing test in response, the South Korean military said.

South Korea’s Moon said the launch had been anticipated and the government had been preparing for it. There was no choice but for countries to keep applying pressure and sanctions against North Korea, he added.

“The situation could get out of control if North Korea perfects its ICBM technology,” Moon said, according to the Blue House after a national security council meeting.

“North Korea shouldn’t miscalculate the situation and threaten South Korea with a nuclear weapon, which could elicit a possible pre-emptive strike by the United States.”

U.S. stocks briefly pared gains on the news but the S&P 500 index was up almost 1 percent at the close and Asian markets largely shrugged off the news.

After firing missiles at a rate of about two or three a month since April, North Korea paused its missile launches in September, following a missile it fired that passed over Japan’s northern Hokkaido island on Sept. 15 and far out into the Pacific Ocean.

North Korea has said its weapons programs are a necessary defense against U.S. plans to invade. The United States, which has 28,500 troops in South Korea as a legacy of the 1950-53 Korean war, denies any such intention.

Last week, North Korea denounced Trump’s decision to relist it as a state sponsor of terrorism, calling it a “serious provocation and violent infringement.”

A U.S. government source said the U.S. assessment was the launch was the latest in a well-calculated and serious series of tests to develop and perfect North Korea missile systems rather than any response to Trump.

Trump has traded insults and threats with Kim and warned in September that the United States would have no choice but to “totally destroy” North Korea if forced to defend itself or its allies.

(Reporting by Christine Kim in Seoul, Linda Sieg, William Mallard, Timothy Kelly in Tokyo, Mark Hosenball, John Walcott, Steve Holland and Tim Ahmann in Washington and Michelle Nichols at the United Nations; Writing by Yara Bayoumy, David Brunnstrom and Lincoln Feast; Editing by Grant McCool, Michael Perry & Simon Cameron-Moore)

http://news.trust.org/item/20171128192754-trq9s

Trump says North Korea missile launch ‘a situation that we will handle’

WASHINGTON, Nov 28 (Reuters) – President Donald Trump said on Tuesday that the United States “will take care of” the North Korea issue after its latest missile launch, and that the basic U.S. approach to dealing with Pyongyang will not change.

Trump has tightened sanctions on North Korea and pressured China to do more to help rein in Pyongyang’s ballistic missile and nuclear ambitions. North Korea fired what the U.S. Pentagon said appeared to be an intercontinental ballistic missile (ICBM) that landed close to Japan on Wednesday.

Trump said the missile launch did not change what he called the “very serious” U.S. approach, a week after he put North Korea back on a U.S. list of countries that Washington says support terrorism.

“I will only tell you that we will take care of it… It is a situation that we will handle,” Trump told reporters during a meeting with Republican congressional leaders at the White House.

U.S. Defense Secretary James Mattis, who was also at the meeting, said the ICBM launch was a higher trajectory than any test conducted thus far by North Korea and called it part of a research and development effort.

“It went higher frankly than any previous shots they have taken,” Mattis said.

He said South Korea retaliated by firing some pinpoint missiles into the water to show North Korea that the U.S. ally would not be rattled by Pyongyang’s launch.

North Korea has said its weapons program is a necessary defense against U.S. plans to invade. The United States, which has 28,500 troops in South Korea as a legacy of the 1950-53 Korean war, denies any such intention. (Reporting by Steve Holland; Writing by Eric Walsh; Editing by Mohammad Zargham and Grant McCool)

http://www.dailymail.co.uk/wires/reuters/article-5126451/Trump-says-North-Korea-missile-launch-situation-handle.html#ixzz4zmdW5hXm

Story 2: President Trump’s Big Push To Pass Something In The Senate — Tax Cut Yes, Tax Reform No — Something Maybe — Videos —

The Senate could kill tax reform: Here’s how

Senate Budget Committee passes GOP tax reform bill

Senate Tax Drama Intensifies As Bill Faces Key Panel Vote

Senate progressed a lot on tax reform: Sen. Daines

Trump pushes skeptical Republicans on tax plan

Rep. Kevin Brady on Senate Proposal Eliminates State And Local Tax Deductions. #TaxReform #GOP

Changes to Senate GOP tax plan may benefit Trump

Tax reform hangs in balance in critical week for GOP

Senate tax drama intensifies as bill moves toward key vote

 

Senator John McCain of Arizona arrived for a vote at the Capitol on Monday. While he has praised the process of the Senate tax bill, some believe he could still vote against it. CreditJ. Scott Applewhite/Associated Press

Once again, it could all come down to Senator John McCain.

After sinking his party’s hopes of repealing the Affordable Care Act this year with a dramatic thumbs-down, the fate of a tax overhaul may now sit in the hands of the Republican from Arizona. In recent days, Mr. McCain has been fairly tight-lipped about his views on the tax proposal speeding through the Senate, saying he sees some problems with the existing bill but is waiting for a final plan before making a decision.

Asked about what concerned him about the Senate tax bill this week, Mr. McCain replied tersely: “A lot of things.”

Even those who know Mr. McCain best are unsure how he will vote, but if history is any guide, Republicans have reason to worry.

Mr. McCain has voted against big tax cuts before, including two that passed under another Republican president: George W. Bush. In that case, he bucked the majority of his party on the grounds that the 2001 and 2003 cuts overwhelmingly benefited the rich — a widespread criticism of the current Senate legislation and the bill that has already passed the House. Mr. McCain is also a deficit hawk and could find it hard to swallow a tax cut that will add around $1.5 trillion to the federal debt over 10 years.

With their slim majority in the Senate, Republicans can lose no more than two votes, and several others are on the fence.

“I don’t know,” Douglas Holtz-Eakin, policy adviser to Mr. McCain’s 2008 presidential campaign, said when asked how his former boss would vote on the tax overhaul. “For most people there are going to be things in there they don’t like and the question is what is preferable, the status quo or the bill.”

In 2001, as Republicans forged ahead with a $1.35 trillion tax cut, Mr. McCain became one of two Republican senators to vote against the bill’s passage. He said he could not accept that changes to the bill lowered the top individual tax rate to 35 percent and delayed tax relief for married couples.

“We had an opportunity to provide much more tax relief to millions of hard-working Americans,” Mr. McCain said in a speech on the Senate floor. “But I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle-class Americans who most need tax relief.”

Two years later, Mr. McCain voted against another round of tax cuts. In his remarks in 2003, Mr. McCain again cast doubt on the need to use “billions of federal dollars to cut taxes for our nation’s wealthiest.” The deal breaker that time was that his fellow lawmakers would pass such cuts while rejecting legislation that would have allowed members of the military to get tax breaks on profits from selling their homes.

“Politics ruled the day,” he said ruefully.

But Mr. McCain had been a tax cut skeptic well before those votes. After Republicans swept control of Congress in 1994, he was fretting about being fiscally responsible and urged his fellow lawmakers to heed the lessons of President Ronald Reagan.

“I think we would be making a terrible mistake to go back to the ’80s, where we cut all of those taxes and all of a sudden now we’ve got a debt that we’ve got to pay on an annual basis that is bigger than the amount that we spend on defense,” Mr. McCain said.

During his first run for president, Mr. McCain was the candidate of fiscal responsibility rather than tax relief. When debating George W. Bush during the 2000 Republican primary, it was clear that Mr. McCain did not think that the budget surplus should be spent on tax cuts.

GRAPHIC

Which Republican Senators Might Oppose the Tax Bill, and Why

Senate leaders would need to win over several Republican senators to pass a tax overhaul.

 OPEN GRAPHIC

“We ought to pay down the debt, and we also ought to make Social Security solvent,” he said.

More recently, Mr. McCain has been toeing the party line on taxes.

In 2006, Mr. McCain supported extending the Bush tax cuts on the basis that letting them expire would represent a tax increase.

The tax plan that Mr. McCain crafted in 2008 during his presidential run against Barack Obama was even more mainstream Republican. He called for lowering the corporate tax rate to 25 percent from 35 percent, phasing out the alternative minimum taxand doubling the value of exemptions for each dependent to $7,000 from $3,500.

The current Senate version has some similar strands, though it goes much further in giving tax breaks to businesses. The Senate bill cuts the top corporate tax rate to 20 percent, phases out the alternative minimum tax for both individuals and businesses, and creates more favorable tax treatment for so-called pass-through businesses. On the individual side, it roughly doubles the standard deduction for married couples filing jointly to $24,000 from $12,700 and increases the value of some other tax breaks, such as the child tax credit.

These days Mr. McCain seems far more concerned with the virtues of bipartisanship and “regular order,” insisting that both parties should have the chance to debate tax legislation and offer changes to any bill. His biggest priority remains robust military spending, and some have speculated that Mr. McCain could be wary that tax cuts would mean less revenue for the military and more debt for the nation.

Steve Schmidt, a Republican strategist and longtime adviser to Mr. McCain, said that if lawmakers mean what they have said over the years about fiscal restraint, they should oppose this tax bill.

“We’re about to find out the degree to which that viewpoint about fiscal discipline was political rhetoric or fundamental principle,” Mr. Schmidt said. “If it was political rhetoric, then this bill will pass. If those statements were principle based, then this bill will fail.”

There have been some signals that Mr. McCain could be on board despite his public reticence to embrace the bill. A spokeswoman for Mr. McCain pointed to his recent comments praising the process.

Still, some supporters of the tax bill have been concerned that Mr. McCain, along with Senators Bob Corker of Tennessee and Jeff Flake of Arizona, could vote against the legislation, possibly to spite President Trump, whom they have all been critical of, and criticized by.

Grover Norquist, the head of the anti-tax Americans for Tax Reform, said that he is hopeful that Mr. McCain will put his differences with Mr. Trump aside and get behind a tax bill that he thinks would be good for the party and the economy.

“You want to be the guy who is bigger than any personal fight,” said Mr. Norquist, who suggested that Mr. McCain voted against the 2001 tax cuts because he disliked Mr. Bush.

As for Mr. McCain’s penchant for going his own way, Mr. Norquist said he thought the senator had already proved himself.

“I think McCain did the maverick thing on health care, so if there are dues for the maverick club, he paid them this year big time,” he said.

https://www.nytimes.com/2017/11/28/us/politics/republican-victory-may-rest-once-again-with-mccain-this-time-on-taxes.html

 

Senate committee advances GOP tax bill, moving closer to floor vote

  • The Senate Budget Committee advances the Republican tax bill.
  • In a party-line vote, the GOP moved one step closer to a floor vote later this week.
  • Bob Corker and Ron Johnson, who had concerns about the bill, voted to advance it.

House Ways and Means Committee Chairman Rep. Kevin Brady (R-TX) is greeted by applause from (L-R) Rep. Kristi Noem (R-SD), House Majority Leader Rep. Kevin McCarthy (R-CA), and Speaker of the House Rep. Paul Ryan (R-WI) during an event at the Capitol to celebrate the passing of the tax reform bill November 16, 2017 in Washington, DC.

Senate Budget Committee advances tax bill  

The Senate Budget Committee on Tuesday approved the Republican tax bill, a crucial procedural step toward a vote by the full chamber later this week.

With the party-line 12-11 vote to advance the plan, Republicans overcame one possible roadblock in their push to chop tax rates for businesses and individuals by the end of the year.

Two GOP members of the panel had separate concerns that threatened to upend the bill’s momentum. Sen. Bob Corker, R-Tenn., wants a “trigger” to raise revenues should the bill’s economic growth effects not go far enough to make up for the nearly $1.5 trillion in estimated tax cuts over 10 years. The senator had fears about expanding budget deficits and suggested Monday that he could vote “no” to advance the proposal.

In a statement Tuesday, Corker said he backed the bill after reaching a tentative deal on a “trigger” to “ensure greater fiscal responsibility should economic growth estimates not be realized.” The senator added that the proposal needs to be finalized but said he is “encouraged.”

Sen. Bob Corker, R-TN

Andrew Harrer | Bloomberg | Getty Images
Sen. Bob Corker, R-TN

Meanwhile, Sen. Ron Johnson, R-Wis., sought to further reduce the tax burden on pass-through businesses, which pay individual rates. He argued that those businesses got worse treatment under the plan than corporations, which would see their tax rate chopped to 20 percent from 35 percent.

Both senators ended up voting to advance the bill. Johnson later said he got assurances that his concerns would be addressed either in the Senate bill or in a joint bill with the House.

Senators going to the hearing were greeted by protesters shouting “Shame!” and “Kill the bill!”

Republican Senate leaders want to pass the plan later this week. As it holds 52 seats, the GOP can lose only two votes and still approve the bill under special budget rules, assuming all Democrats and independents oppose it.

Though the fiscal trigger earned Corker’s support, other senators quickly criticized the measure.

“I am not going to vote to implement automatic tax increases on the American people. If I do that, consider me drunk. I’m not voting for that,” Sen. John Kennedy, R-La., said, according to Bloomberg.

Sen. John Thune of South Dakota, the third-ranking Senate Republican, said, “It’s not in our best interest to have a mechanism that would create a tax increase,” Bloomberg reported.

Shortly before the budget committee vote, Senate Majority Leader Mitch McConnell called it a “challenging exercise” to get enough support to pass the bill.

“Think of sitting there with a Rubik’s Cube trying to get to 50 [votes],” the Kentucky Republican told reporters. “And we do have a few members who have concerns and we’re trying to address them. And we know we will not be able to go forward until we get 50 people satisfied, and that’s what we’re working on.”

The Senate proposal would temporarily cut many individual income taxes while permanently reducing the corporate rate. It would also change or eliminate some popular deductions.

Multiple other senators have expressed similar concerns to those of Corker and Johnson.

Speaking to reporters Tuesday after a meeting with McConnell and House Speaker Paul Ryan, President Donald Trump said, “I think we’re going to get it passed.” The president added that he expects “lots of adjustments” before a final plan gets approved. He did not specify what those adjustments would be.

At a Senate GOP lunch earlier in the day, Trump “underscored the importance” of passing a tax bill, according to McConnell.

Trump later described the meeting as “phenomenal,” “very special” and a “love fest.”

https://www.cnbc.com/2017/11/28/senate-budget-committee-advances-gop-tax-bill-moving-closer-to-floor-vote.html

Deal-making moves Senate Republicans closer to passage of tax reform bill

https://uw-media.usatoday.com/video/embed/107075882?sitelabel=reimagine&platform=desktop&continuousplay=true&placement=uw-smallarticleattophtml5&pagetype=story

The White House and congressional leaders released a framework for tax changes, but many key details have been left to tax committees. Here’s how that process is working. Jeff Dionise, Ramon Padilla, Paul Singer and Herbert Jackson, USA TODAY

WASHINGTON — Senate Republicans moved closer Tuesday to passing a bill to overhaul the nation’s tax system after leaders began winning over potential opponents through a series of deals to resolve their concerns.

For Tennessee Sen. Bob Corker, worried that the tax bill would increase the federal deficit, it was the promise of a legislative “trigger” that would repeal the tax cuts if deficits appeared.

For Maine Sen. Susan Collins, it was the promise that separate legislation would be considered to offset the increase in health insurance premiums that is expected if the tax bill eliminates a key provision of the Affordable Care Act.

Senate Republicans emerged from a one-hour meeting with President Trump feeling optimistic that the tax-reform bill would pass in the next few days but acknowledged that the vote will likely be close.

Senate Majority Leader Mitch McConnell described the process of wrangling enough votes for passage as “a challenging exercise.”

“I think I’m sitting there with a Rubik’s cube trying to get to 50 (votes),” he said.

More: Trump signals changes are coming to tax bill as new study says those at the bottom are hurt

Tax-reform is a top priority of Trump and congressional Republicans, who are pushing to get the bill approved before the end of the year. Because Republicans hold a bare 52-48 margin in the Senate, they can afford to lose no more than two of their own members if the bill is to pass.

The legislation took an important step forward on Tuesday when it cleared the Senate Budget Committee in a party-line 12-11 vote. The committee voted to combine the tax-reform bill with language that would open a portion of the Arctic National Wildlife Refuge to oil and gas exploration.

The measure is now headed to the Senate floor, where a final vote could come as early as this week.

The bill’s prospects appeared to improve significantly with Corker’s announcement that he was likely to support the legislation.

Corker previously had said he would oppose any tax bill that would raise the deficit. But after the meeting with Trump, Corker said he would support the bill if it included a trigger that would rescind the tax cuts if they caused a hike in the deficit. He did not provide details of the language.

 “I think we’ve come to a pretty good place,” Corker said. “The White House is all fine with this.”

Collins, who has met repeatedly with GOP leaders and with Trump to air her concerns, said she has secured an agreement in which a bipartisan health-insurance bill by Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., would be considered along with legislation she has filed with Sen. Bill Nelson, D-Fla.

The Collins-Nelson bill would provide $3 billion to $5 billion in seed money to create high-risk insurance pools to help insure people with pre-existing conditions and other high medical costs.

According to Collins, the agreement calls for the two bills to be considered and signed into law before Congress considers a conference committee report on the tax-reform bill.

That would help offset the insurance premium increases that are anticipated if Congress eliminates the Obamacare provision that everyone must buy insurance. Eliminating the so-called “individual mandate” is part of the GOP tax package.

At Tuesday’s meeting, Trump signaled his support for passing the Alexander-Murray bipartisan bill and the Collins-Nelson legislation on high-risk pools, several senators said.

Trump “said that he understood the need to have something to offset the premium increases and appeared very open to the combination of Alexander-Murray and Collins-Nelson,” Collins said.

More: Republican tax overhaul clears the House, but Senate passage could prove to be the real test

More: Winners and losers in the tax bill that passed the House

Collins said she also intends to offer an amendment on the Senate floor that would reinstate the deduction for property taxes up to $10,000, similar to a provision that is included in the House bill. Collins said there is widespread support for the amendment among Senate Republicans because it would provide tax benefits to middle-class families.

Collins said she is still undecided about the tax bill. But, “We’re making some progress, and that is encouraging to me,” she said.

Another positive sign for Republicans was the tone of Tuesday’s meeting, which included a back-and-forth between Trump and Sen. Ron Johnson of Wisconsin, another member with concerns about the bill.

“It was very respectful,” said Sen. Jim Risch of Idaho. “Both of them were well-schooled.”

Risch said the mood was “very different” from a previous session between Senate Republicans and Trump before a failed attempt to repeal and replace Obamacare.

Asked about his interaction with Trump, Johnson said, “He wants to encourage me to get to yes. And that’s what I want to do.”

McConnell criticized Democratic congressional leaders who cancelled a scheduled meeting Tuesday afternoon with GOP leadership and Trump at the White House, saying that it demonstrated a lack of seriousness.

Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi said they decided not to attend the meeting after Trump tweeted Tuesday morning that he couldn’t see how a deal could be struck between Democrats and Republicans and the White House.

The Democratic leaders said they would be interested instead in meeting with their GOP congressional counterparts.

But McConnell’s spokeswoman rejected that idea. Antonia Ferrier said McConnell and House Speaker Paul Ryan had not set any meeting with Schumer and Pelosi.

“They’re in the minority. They go and meet with the president of the United States,” she said.

https://www.usatoday.com/story/news/politics/2017/11/28/trump-heads-capitol-hill-talk-tax-cuts-senate-republicans/898409001/

The Latest: Senate Budget panel advances tax package

WASHINGTON (AP) – The Latest on Republican tax overhaul legislation (all times local):

3:05 p.m.

The Senate Budget Committee has advanced a sweeping tax package to the full Senate, handing GOP leaders a victory as they try to pass the nation’s first tax overhaul in 31 years.

Sen. Joe Manchin, D-W.Va., center, speaks about tax reform as Sen. Tim Kaine, D-Va., left, Sen. Maggie Hassan, D-N.H., and Sen. Joe Donnelly, D-Ind., listen Tuesday, Nov. 28, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Sen. Joe Manchin, D-W.Va., center, speaks about tax reform as Sen. Tim Kaine, D-Va., left, Sen. Maggie Hassan, D-N.H., and Sen. Joe Donnelly, D-Ind., listen Tuesday, Nov. 28, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

The committee voted 12 to 11 to advance the bill. Two committee Republicans had said they were considering voting against the measure. But after President Donald Trump personally lobbied Republican senators at the Capitol Tuesday, the committee passed the bill with little fanfare other than a few protesters who tried to disrupt the committee meeting.

GOP leaders hope to have the full Senate take up the bill later this week. The tax package blends a sharp reduction in top corporate and business tax rates with more modest relief for individuals.

__

3:05 p.m.

Sen. Susan Collins of Maine says she has won support to amend the Senate’s sweeping tax bill allow homeowners to deduct at least a portion of their local property taxes on their federal tax returns.

President Donald Trump attended a Senate Republican luncheon Tuesday in an effort to persuade senators to support the tax package. Afterward, Collins said Trump and other GOP leaders agreed to the property tax provision.

The current Senate bill completely repeals the state and local tax deduction, which helps reduce the tax bills of more than 43 million families. Collins said the Senate bill would be amended to allow homeowners to deduct up to $10,000 in property taxes, which is similar to a provision in the House-passed bill.

__

12:55 p.m.

A group of moderate Senate Democrats are asking Republicans to work with them to refashion their tax bill into legislation they say would truly help the middle class.

Sen. Joe Manchin of West Virginia, who led the group, tells Republicans: “We can get you to 70” votes on a bill.

Democrats weren’t included in the crafting of the tax overhaul legislation, and they have attacked it as benefiting big corporations and the wealthy.

Several of the moderates had been actively courted by President Donald Trump on the tax overhaul in recent weeks, invited to meetings and dinners at the White House and trips with Trump on his plane.

Manchin, Joe Donnelly of Indiana and Heidi Heitkamp of North Dakota are from states easily carried by Trump in the 2016 election. They are up for re-election next year.

___

10:30 a.m.

The House’s chief tax-writer says ending the “Obamacare” requirement that everyone have health insurance – an element of the Senate bill – is a move the House also is likely to accept.

Rep. Kevin Brady, chairman of the Ways and Means Committee, made his comments Tuesday as Senate Republican leaders pushed to pass their bill this week. It would eventually have to be reconciled with the tax measure recently passed by the House.

Brady has previously said that repealing the so-called individual mandate under the Obama health care law was politically risky. But he told the American Enterprise Institute that “the House has always been strongly supportive of eliminating that forced tax.”

He said, “We’re going to let the Senate process go forward, encourage the Senate to deliver a good pro-growth product.”

__

3:26 a.m.

Republicans are struggling to win over resistant GOP senators to a sweeping tax bill that President Donald Trump and their party have set as a vital political goal.

Trump, who has assured lawmakers there will be changes, is traveling to Capitol Hill on Tuesday to personally lobby Republican senators. Senate GOP leaders hope to pass the bill this week.

Anxious to pass a tax overhaul package by year’s end with an eye to the 2018 elections, Trump and the GOP leaders scrambled Monday to make changes to the Senate version to woo the Republican holdouts. Republicans have only two votes to spare in the Senate, where they hold a 52-48 edge, and anticipate Vice President Mike Pence breaking a tie, if needed.

Sen. Heidi Heitkamp, D-N.D., speaks, as she is accompanied by Sen. Joe Donnelly, D-Ind., left, Sen. Jon Tester, D-Mont., Sen. Joe Manchin, D-W.Va., and Sen. Ron Wyden, D-Ore., during a news conference about their hopes for a bipartisan approach to tax reform, Tuesday, Nov. 28, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Sen. Joe Manchin, D-W.Va., right, with Sen. Joe Donnelly, D-Ind., left, and Sen. Jon Tester, D-Mont., speaks about tax reform, Tuesday, Nov. 28, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

http://www.dailymail.co.uk/wires/ap/article-5125805/The-Latest-Moderate-Dems-ask-GOP-negotiate-taxes.html#ixzz4zmz8XFIc

 

Story 3: Repeal Government Control and Regulation of The Internet — Let Consumer Sovereignty and Free Enterprise Market Capital Reign — Videos

US regulator says Silicon Valley is threat to internet

AFP
Federal Communication Commission chairman Ajit Pai argues that internet platforms like Twitter represent a threat to online freedom of speech
Federal Communication Commission chairman Ajit Pai argues that internet platforms like Twitter represent a threat to online freedom of speech (AFP Photo/CHIP SOMODEVILLA)re

Washington (AFP) – A top US regulator, defending an effort to roll back so-called “net neutrality” rules, said Tuesday that large internet platforms represent the biggest threat to online freedom because they routinely block “content they don’t like.”

Federal Communications Commission chairman Ajit Pai delivered remarks days after unveiling a proposal to reverse a hotly contested 2015 rule requiring broadband firms to treat all online traffic equally.

Pai said internet platforms — he singled out Twitter — play a more significant role than broadband operators in determining what internet users see.

“Despite all the talk about the fear that broadband providers could decide what internet content consumers can see, recent experience shows that so-called edge providers are in fact deciding what content they see,” Pai said.

“These providers routinely block or discriminate against content they don’t like.”

The blunt remarks appeared to confirm a tougher atmosphere in Washington for Silicon Valley firms after years of close ties.

Pai, appointed by President Donald Trump, offered an example of Twitter’s decision to block a video by a Republican candidate “because it featured a pro-life message,” referring to the politician’s claim of the “sale of baby body parts.”

He said Twitter “appears to have a double standard when it comes to suspending or de-verifying conservative users’ accounts as opposed to those of liberal users,” Pai said.

“This conduct is many things, but it isn’t fighting for an open internet.”

Pai said online platforms are “secretly editing certain users’ comments” and “caving to repressive foreign governments’ demands to block certain speech” which would be considered “repugnant” in the United States.

“In this way, edge providers are a much bigger actual threat to an open internet than broadband providers, especially when it comes to discrimination on the basis of viewpoint,” Pai said.

The dispute over net neutrality has been the subject of several court battles, with backers arguing strong rules are needed to guard against powerful broadband firms like Comcast and AT&T acting as “gatekeepers” that can punish rivals.

Pai said the debate on “net neutrality” appears driven by Silicon Valley firms’ business interests.

“These companies want to place much tougher regulations on broadband providers than they are willing to have placed upon themselves,” he said.

“They might cloak their advocacy in the public interest, but the real interest of these Internet giants is in using the regulatory process to cement their dominance in the internet economy.”

https://www.yahoo.com/news/us-regulator-says-silicon-valley-threat-internet-213205410.html

 

 

Like Y2K, the Net neutrality crisis is way overhyped

ERIC THAYER/NEW YORK TIMES
Ajit Pai, chairman of the Federal Communications Commission.

As the Federal Communications Commission nears a fateful decision on network neutrality, it’s beginning to feel a lot like Y2K all over again.

You may remember Dec. 31, 1999. That’s the last time the Internet was expected to die, because millions of computers were going to crash when their internal clocks failed to turn over to the year 2000. I sat in the Globe’s newsroom, waiting for the end. Nothing happened. It was quite a letdown.

Now here comes another “apocalypse.” On Dec 14, the FCC is expected to abandon the Obama administration’s policy on so-called Net neutrality, in which the government forces Internet providers to treat all data equally. Activists say it’s the end of the Internet as we know it, with giant Internet providers like Comcast and AT&T free to block or slow down access to key online services unless they’re paid extra to let the data flow.

https://www.bostonglobe.com/business/2017/11/28/like-net-neutrality-crisis-way-overhyped/ChcyXjEsM5QyMIfYa09vWO/story.html

Story 4: Obama Appointed Inspect General Charles McCullough Found 22 Top Secret and Beyond In Hillary Clinton’s E-Mails with Over 2,100 Containing Classified Information — Extremely Reckless Said Clapper — Clinton and Campaign Lied To American People — Prosecute Now! — The Statute of Limits Runs Out In February 2018 — Videos

See the source image

Ex-inspector general: Blowback came from Clinton allies

“The Public Was MISLED!!” Tucker Interviews Fmr Intelligence IG About Hillary Investigation

Clinton emails contained classified material – U.S. inspector

Wikileaks Explodes! MSNBC/WSJ/NYTimes/WashPost! Media Blackout Ending! Chelsea Comes Clean!

WIKILEAKS FINALLY DID IT…SHE’S DONE

8 Signs Hillary Clinton Will Be Arrested And Charged Soon

JUST IN …HOUSE FREEDOM CAUCUS ORDERS FOR IMMEDIATE ARREST OF HILLARY CLINTON

Proof Hillary Clinton is Guilty

Clinton: ” I did not email any classified material”

Hillary Clinton vs. James Comey: Email Scandal Supercut

BLOWBACK: MARINE DEMANDS SAME TREATMENT as HILLARY “No Prosecution”

Tucker Carlson Tonight 11/28/17 – Tucker Carlson Tonight November 28, 2017 Fox News

Obama-Appointed Federal Inspector Threatened By Clinton Campaign Over Email Investigation

Tyler Durden's picture

TwitterFacebookReddit

Content originally published at iBankCoin.com,

An Obama appointed government watchdog central to the Hillary Clinton email investigation says that he, his family and his office faced an ‘intense backlash‘ from Clinton allies, who threatened him over findings that Clinton mishandled classified information.

Former Intelligence Community Inspector General Charles McCullough III.

Former Inspector General Charles McCullough III told Fox News Chief Intel correspondent Catherine Herridge that he was under intense pressure from senior officials on the left – with one Clinton campaign official threatening that he and another government investigator would be immediately fired under a Hillary Clinton presidency:

“It was told in no uncertain terms, by a source directly from the campaign, that we would be the first two to be fired – with [Clinton’s] administration. That that was definitely going to happen.” –Charles McCullough III

As a refresher, over 2,100 classified emails were sent over Clinton’s personal server, which was used exclusively for government business. Despite this, former FBI Director James Comey – who had drafted Clinton’s exoneration letter months before reviewing evidence in the case – recommended that the DOJ not prosecute the case.

McCullough was recommended to Obama by then-Director of National Intelligence, James Clapper, who told McCullough that Clinton’s conduct was “extremely reckless,” adding “the campaign … will have heartburn about that.”

Via Fox News:

He [McCullough] said Clapper’s Clinton email comments came during an in-person meeting about a year before the presidential election – in late December 2015 or early 2016. “[Clapper] was as off-put as the rest of us were.”

 

After the Clapper meeting, McCullough said his team was marginalized. “I was told by senior officials to keep [Clapper] out of it,” he said, while acknowledging he tried to keep his boss in the loop.

Egregious violations

In January 2016, McCullough told Republicans on the Senate Intelligence and Foreign Affairs committees that emails classified above “Top Secret” had been passed through the former secretary of state’s private, unsecure server – such as an email about Benghazi she sent to daughter Chelsea Clinton (using pseudonym Diane Reynolds) on the night of September 11th, 2012 from ‘@clintonemail.com’ which not only divulged highly classified military intel over a non-government server vulnerable to foreign surveillance – it also revealed that the Obama administration knew that an “Al Queda-like group” was responsible for the attack.

One wonders what Chelsea’s security clearance was at the time?

Instead of informing the American public that radical Islam was responsible for the attack, the Obama administration fabricated a story – peddling the lie that anger over an anti-Islamic YouTube video resulted in the attack, which led to the arrest and imprisonment of an innocent man.

Hillary knew it was an “Al Qeda-like group” hours after it happened when she told Chelsea (“Diane Reynolds”) top secret information. pic.twitter.com/LiOJj3jck1

— ZeroPointNow (@ZeroPointNow) July 15, 2017


As one of a handful of people who reviewed the 22 Top Secret Clinton emails deemed too classified to ever see the light of day, McCullough says “There was a very good reason to withhold those emails … there would have been harm to national security,” adding “sources and methods, lives and operations” could be put at risk. According to Fox, some of those email exchanges were considered Special Access Privelage (SAP), or “above top secret.”

What’s interesting about that, is an anonymous 4chan poster known as “FBI Anon” – whose breadcrumbs of information have been largely correct, posted on July 2, 2016 that Clinton had “SAP level programs on her server, which if made public, would literally cause an uprising and possibly foreign declarations of war.”

Then, on October 16, 2016 – three weeks before former FBI Director Comey cleared Clintin, “FBI Anon” elaborated on SAP programs and made an unverified claim about Clinton:

A Special Access Program is an intelligence program classified above top-secret. They are held on closed servers at secret locations. The only way to get one is if you are specifically read on to a program, have a need to know, then you must physically go to a location and pass through several layers of security to even look at the program. A good example in non-classified terms would be the locations and operations of our intelligence operatives around the glove, or our missile silo locations. SAP is granted on a need to know basis, and Hillary did not have any need to know any of the programs on her server. All I can tell you about the SAPs is that Hillary had them, and she did not have proper authority to have any of them. They were leaked to her by someone, and she did sell them to overseas donors. Possessing them alone makes her guilty of treason.” –FBI Anon

Turncoat?

In response to McCullough’s findings, Democrats turned their backs on the Obama-appointed Inspector General for doing his job.

“All of a sudden I became a shill of the right,” McCullough said, adding “And I was told by members of Congress, ‘Be careful. You’re losing your credibility. You need to be careful. There are people out to get you.’”

McCullough told Fox of “an effort… certainly on the part of the campaign to mislead people into thinking that there was nothing to see here.”

Damage Control

As the Clinton campaign geared up for the 2016 election, WikiLeaks documents reveal that Hillary’s inner circle was already starting to spin the investigation – writing in an August 2015 email that “Clinton only used her account for unclassified email. When information is reviewed for public release, it is common for information previously unclassified to be upgraded to classified.”

McCullough was critical of this response, telling Fox “There was an effort … certainly on the part of the campaign to mislead people into thinking that there was nothing to see here.”

In response to the Inspector General’s pushback, seven senior Democrats sent a letter to McCullough and his counterpart at the State Department, raising concerns over the impartiality of the Clinton email investigation. McCullough, however, was not arriving at any conclusions himself – he was simply passing along the findings of individual government agencies on appropriate classifications assigned to the emails.

Fox News reports:

McCullough described one confrontation with Democratic Sen. Dianne Feinstein’s office just six weeks before the election, amid pressure to respond to the letter – which Feinstein had co-signed.

 

“I thought that any response to that letter would just hyper-politicize the situation,” McCullough said. “I recall even offering to resign, to the staff director. I said, ‘Tell [Feinstein] I’ll resign tonight. I’d be happy to go. I’m not going to respond to that letter. It’s just that simple.”

 

As Election Day approached, McCullough said the threats went further, singling out him and another senior government investigator on the email case.

Inquiries sent by Fox to both Feinstein and Clapper were not returned at the time of publication.

Watch:

Herridge: “Was there an effort to deliberately mislead the public about [@HillaryClinton] classified emails?”
McCullough: “Absolutely.”

Follow on Twitter @ZeroPointNow § Subscribe to our YouTube channel

http://www.zerohedge.com/news/2017-11-28/obama-appointed-federal-inspector-threatened-clinton-campaign-over-email-investigati

areful. There are people out to get you.’”

But the former inspector general, with responsibility for the 17 intelligence agencies, said the executive who recommended him to the Obama administration for the job – then-Director of National Intelligence James Clapper – was also disturbed by the independent Clinton email findings.

“[Clapper] said, ‘This is extremely reckless.’ And he mentioned something about — the campaign … will have heartburn about that,” McCullough said.

He said Clapper’s Clinton email comments came during an in-person meeting about a year before the presidential election – in late December 2015 or early 2016. “[Clapper] was as off-put as the rest of us were.”

After the Clapper meeting, McCullough said his team was marginalized. “I was told by senior officials to keep [Clapper] out of it,” he said, while acknowledging he tried to keep his boss in the loop.

As one of the few people who viewed the 22 top secret Clinton emails deemed too classified to release under any circumstances, the former IG said, “There was a very good reason to withhold those emails … there would have been harm to national security.” McCullough went further, telling Fox News that “sources and methods, lives and operations” could be put at risk.

Some of those email exchanges contained Special Access Program (SAP) information characterized by intel experts as “above top secret.”

“I was told by members of Congress, ‘Be careful. You’re losing your credibility. You need to be careful. There are people out to get you.’”

– Former Intelligence Community Inspector General Charles McCullough III

WikiLeaks documents show the campaign was formulating talking points as the review of 30,000 Clinton emails was ongoing.

The campaign team wrote in August 2015 that “Clinton only used her account for unclassified email. When information is reviewed for public release, it is common for information previously unclassified to be upgraded to classified.”

McCullough was critical of the campaign’s response, as the classified review had barely begun. “There was an effort … certainly on the part of the campaign, to mislead people into thinking that there was nothing to see here,” McCullough said.

In March 2016, seven senior Democrats sent a letter to McCullough and his State Department counterpart, saying they had serious questions about the impartiality of the Clinton email review. However, McCullough was not making the decisions on what material in Clinton’s emails was classified — he was passing along the findings of the individual agencies who got the intelligence and have final say on classification.

“I think there was certainly a coordinated strategy,” McCullough said.

McCullough described one confrontation with Democratic Sen. Dianne Feinstein’s office just six weeks before the election, amid pressure to respond to the letter – which Feinstein had co-signed.

“I thought that any response to that letter would just hyper-politicize the situation,” McCullough said. “I recall even offering to resign, to the staff director. I said, ‘Tell [Feinstein] I’ll resign tonight. I’d be happy to go. I’m not going to respond to that letter. It’s just that simple.”

As Election Day approached, McCullough said the threats went further, singling out him and another senior government investigator on the email case.

“It was told in no uncertain terms, by a source directly from the campaign, that we would be the first two to be fired — with [Clinton’s] administration. That that was definitely going to happen,” he said.

McCullough said he was just trying to do his job, which requires independence. “I was, in this context, a whistleblower. I was explaining to Congress — I was doing exactly what they had expected me to do. Exactly what I promised them I would do during my confirmation hearing,” he said. “… This was a political matter, and all of a sudden I was the enemy.”

He said pressures also increased early on from Clinton’s former team at the State Department, especially top official Patrick Kennedy.

“State Department management didn’t want us there,” McCullough said. “We knew we had had a security problem at this point. We had a possible compromise.”

Speaking about the case more than a year after the FBI probe concluded, McCullough in his interview also addressed the possibility that a more cooperative State Department and Clinton campaign might have precluded the FBI’s involvement from the start.

“Had they come in with the server willingly, without having us to refer this to the bureau … maybe we could have worked with the State Department,” he said.

More than 2,100 classified emails passed through Clinton’s personal server, which was used exclusively for government business. No one has been charged.

Asked what would have happened to him if he had done such a thing, McCullough said: “I’d be sitting in Leavenworth right now.”

Fox News asked a Clinton campaign spokesman, Feinstein’s office and Clapper for comment. There was no immediate response.

Catherine Herridge is an award-winning Chief Intelligence correspondent for FOX News Channel (FNC) based in Washington, D.C. She covers intelligence, the Justice Department and the Department of Homeland Security. Herridge joined FNC in 1996 as a London-based correspondent.

Pamela K. Browne is Senior Executive Producer at the FOX News Channel (FNC) and is Director of Long-Form Series and Specials. Her journalism has been recognized with several awards. Browne first joined FOX in 1997 to launch the news magazine “Fox Files” and later, “War Stories.”

http://www.foxnews.com/politics/2017/11/27/blowback-clinton-campaign-planned-to-fire-me-over-email-probe-obama-intel-watchdog-says.html

650. Length of Limitations Period

Current federal law contains a single statute prescribing a general period of limitations, as well as several statutes that provide longer periods for specific offenses.

Section 3282 of Title 18, United States Code, is the statute of general application. It states that, “(e)xcept as otherwise expressly provided by law,” a prosecution for a non-capital offense shall be instituted within five years after the offense was committed.

Section 3281 of Title 18 deals with capital offenses and provides that an indictment for an offense “punishable by death” may be filed at any time. Despite the invalidity of some former federal statutory death penalty provisions, it is arguable that the unlimited time period remains applicable to those statutes that formerly carried that penalty. See United States v. Helmich, 521 F. Supp. 1246 (M.D.Fla. 1981), aff’d on other grounds, 704 F.2d 547 (11th Cir. 1983); see Matter of Extradition of Kraiselburd, 786 F.2d 1395 (9th Cir. 1986).

Section 3286 of Title 18, United States Code, provides for an eight (8) year statute of limitations for the non-capital offenses under certain terrorism offenses. These offenses include: 18 U.S.C. §§ 32 (aircraft destruction), 37 (airport violence), 112 (assaults upon diplomats and internationally protected persons), 351 (violent crimes against Congresspersons or Cabinet officers), 1116 (murder of diplomats and internationally protected persons), 1203 (hostage taking), 1361 (willful injury to government property), 1751 (violent crimes against the President), 2280 (maritime violence), 2281 (maritime platform violence), 2332 (terrorist acts abroad against United States nationals), 2332a (use of weapons of mass destruction), 2332b (acts of terrorism transcending national boundaries), or 2340A (torture) or 49 U.S.C. §§  46502 (aircraft piracy), 46504 (interference with flight crew), 46505 (carrying a weapon or explosive on an aircraft), or 46506 (certain crimes committed aboard an aircraft). Section 3286 first became effective on September 13, 1994, and was applicable to any relevant offense committed on or after September 15, 1989. In 1996, the new 18 U.S.C. § 2332b was added to the statute.

Section 3293 of Title 18, United States Code, provides for a ten (10) year statute of limitations for certain financial institution offenses which involve violations of, or conspiracy to violate, (1) 18 U.S.C. §§  215, 656, 657, 1005, 1006, 1007, 1014, 1033, or 1344; (2) 18 U.S.C. §§  1342 or 1343 if the offense affects a financial institution; or (3) 18 U.S.C. §  1963 to the extent that the racketeering activity involves a violation of 18 U.S.C. § 1344.

Section 3294 of Title 18, United States Code, provides a twenty (20) year statute of limitations for a violation of 18 U.S.C. § 668 involving the theft of major art work.

Section 3295 of Title 18, United States Code, which was enacted on April 24, 1996, provides for a 10 year statute of limitations for certain non-capital arson or use-of-explosives offenses under 18 U.S.C. §§  81 or 844(f), (h), or (i). (Section 844(i) had a seven year statute of limitations period for offenses committed on or after September 13, 1989, but before April 24, 1996.) See this Manual at 1445.

A one year statute of limitations is provided for criminal contempt under 18 U.S.C. § 402 (see 18 U.S.C. § 3285).

Section 507(a) of Title 17 provides that no criminal proceeding shall be maintained under Title 17 (relating to copyrights) unless commenced within three years after the cause of action arose.

Section 6531 of Title 26 provides that prosecutions for violation of the internal revenue laws shall be commenced within three years after commission of the offense, except for eight enumerated categories of offenses as to which a six-year limitations period is made applicable. See this Manual at 658.

Section 3291 of Title 18 provides that prosecutions for violations of nationality, citizenship, and passport laws, or a conspiracy to violate such laws, shall be commenced within ten years after the commission of the offense. Section 19 of the Internal Security Act of 1950, 64 Stat. 1005, provides a ten-year limitations period for prosecutions under the espionage statutes, 18 U.S.C. Secs. 792 to 794.

Section 2278 of Title 42 provides a similar ten-year period for prosecution of restricted data offenses under the atomic energy laws, 42 U.S.C. Secs. 2274 to 2276.

Section 783(e) of Title 50 provides that a prosecution for an offense under that section, part of the Subversive Activities Control Act, shall be instituted within ten years after the commission of the offense.

[cited in USAM 9-18.000]

https://www.justice.gov/usam/criminal-resource-manual-650-length-limitations-period

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 1001-1007

Listen To Pronk Pops Podcast or Download Shows 993-1000

Listen To Pronk Pops Podcast or Download Shows 984-992

Listen To Pronk Pops Podcast or Download Shows 977-983

Listen To Pronk Pops Podcast or Download Shows 970-976

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show 985, Story 1: Fed Draining The Swamp — A Flattening Treasury Yield Curve Indicator of Possible Recession Especially If Republican Controlled Congress Fails To Totally and Completely Repeal and Replace Obamacare and Passes Trump’s Timid Tiny Targeted Temporary Tax Cut For Middle Class — Replace All Federal Taxes With A Broad Based Consumption Tax With Generous Tax Prebates And Balanced Budgets — FairTax or Fair Tax Less That Democrats, Republicans and Independents Would Pass — Otherwise Recession in 2018 –Videos

Posted on October 18, 2017. Filed under: American History, Banking System, Blogroll, Books, Breaking News, Budgetary Policy, Business, Cartoons, College, Communications, Computers, Congress, Constitutional Law, Corruption, Countries, Culture, Disasters, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Economics, Education, Elections, Empires, Employment, Energy, First Amendment, Fiscal Policy, Former President Barack Obama, Free Trade, Freedom of Speech, Government, Government Spending, Health, Hillary Clinton, History, House of Representatives, Housing, Human Behavior, Illegal Immigration, Immigration, Independence, Insurance, Investments, Labor Economics, Language, Law, Legal Immigration, Life, Media, Monetary Policy, Obama, People, Philosophy, Photos, Politics, Polls, President Trump, Radio, Raymond Thomas Pronk, Rule of Law, Scandals, Security, Senate, Social Security, Success, Tax Policy, Taxation, Taxes, Technology, Trade Policy, United States Constitution, United States of America, Videos, Violence, Wall Street Journal, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 985, October 17, 2017

Pronk Pops Show 984, October 16, 2017 

Pronk Pops Show 983, October 13, 2017

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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

Image result for cartoons on trump's tax cut

Story 1: Fed Draining The Swamp — A Flattening Treasury Yield Curve Indicator of Possible Recession Especially If Republican Controlled Congress Fails To Totally and Completely Repeal and Replace Obamacare and Passes Trump’s Timid Tiny Targeted Temporary Tax Cut For Middle Class — Replace All Federal Taxes With A Broad Based Consumption Tax With Generous Tax Prebates And Balanced Budgets — FairTax or Fair Tax Less That Democrats, Republicans and Independents Would Pass — Otherwise Recession in 2018 –Videos

US Economy: Where We Are Right Now

Major Economic Crash + Recession coming 2018

GE’s CEO Says the U.S. Economy Is in Investment Recession

Wilbur Ross: Trump’s tax reductions will grow the economy

Wilbur Ross: U.S. Recession Likely in Next 18 Months

PETER SCHIFF STOCK MARKET CRASH IS COMING OCTOBER 2017

A Great Crash Is Coming! Stock Market Crash Imminent Economic Collapse In 2017 – 2018

Jim Rogers (October 14, 2017) – What will collapse first

Jim Rogers (October 09, 2017) – Expects the worst crash in our lifetime

RAY DALIO: US economy looks like 1937 and we need to be careful

Jim Rickards (October 02, 2017) – The Coming Big Freeze – The Daily Reckoning

Analyzing Trump’s Tax Plan

🔴 Ep. 287: Pros and Cons of the Trump Tax Plan

Ben Shapiro: The analysis of President Trump’s tax reform plan (audio from 09-28-2017)

TAX PLAN: Insane Bernie Attacks Trump! | Louder With Crowder

LIMBAUGH: Trump’s Tax Plan Is NOT A Tax Break For The Rich

Tax Cuts Mean Nothing So Long As We Refuse to Nationalize and Control the Federal Reserve

G. Edward Griffin: Donald Trump is an Amazing Phenomenon

G. Edward Griffin — The Federal Reserve, Taxes, The I.R.S. & Solutions

Jim Rickards (October 02, 2017) – Fed to Cause A Recession

Jim Rickards (September 25, 2017) – Collapse & War with N Korea

Greenspan: You Can’t Fix U.S. Economy Until You Fix Entitlements

Keiser Report: Is US really a 3% GDP economy? (E1119)

Robert Shiller // Why it’s become hard to predict the markets

Nassim Taleb on Black Monday, Fed, Market Lessons

Nassim Nicholas Taleb Sees Greater Risks Than Nuclear War

Nassim Nicholas Taleb Sees Worse Tail Risks Than in 2007

Keiser Report: Gutting of America’s Wealth Creation Machine (E1097)

David Stockman // Black swan event to trigger a deep correction

David Stockman // Tax cut, reform will fall apart

Ep. 292: Record Confidence in U.S. Stocks Means Trouble Ahead

Stockman: Trump’s Now ‘Blowing Kisses to Janet Yellen’ (Fox Business, September 15, 2017)

Jim Rogers // The next bear market will be the worst in our lifetime

Stock Market Party Coming To An End Warns Marc Faber – (Part 1/3)

Marc Faber // Get ready for a massive stock market decline

Marc FABER (NEW REPORT) – Making America Broke Again: Trump & The Inevitable Financial Crisis

Sam Zell // This is not a time to ‘buy anything’

MUST SEE! U.S Economic Outlook: 3 Recession Indicators Flashing Red

A flatter yield curve says the market isn’t worried about inflation

What is Yield Curve?

Introduction to the yield curve | Stocks and bonds | Finance & Capital Markets | Khan Academy

The Inverted Yield Curve, Lecture 016, Securities Investment 101, Video00018

We Can Pretend All We Want, The US Is In A Recession & Heading For The Big One – Episode 1311a

YIELD CURVE GETTING READY TO INVERT?

Jim Rickards on Keiser Report: We don’t need to worry about a recession; we’re in a depression

Published on May 23, 2013

Neil Howe — The really big crisis has yet to arrive!

Neil Howe and William Strauss on The Fourth Turning in 1997 CSpan

Neil Howe and William Strauss on Generations in 1998 CSpan

Neil Howe: It’s going to get worse; more financial crises coming

The Fourth Turning: Why American ‘Crisis’ May Last Until 2030

 

Bond market flashing warning sign even as stocks rally to new highs

  • Bond pros are watching a phenomenon in the bond market that could signal recession ahead and trouble for the stock market.
  • The yield curve is flattening, meaning the spread between 2-year note yields and 10-year yields is narrowing, and at 0.75, it was the lowest since before the financial crisis.
  • Even though the move is a warning, strategists say some of the action has to do with the Fed reversing long-term easing policy and may not be a problem for stocks.

Bond market flashing warning sign even as stocks rally to new highs

Bond market flashing warning sign even as stocks rally to new highs  

The bond market is warning that trouble could be on the horizon, either from an economic slowdown or an eventual recession.

The yield curve, a set of interest rates watched closely by bond market pros, has gotten to its flattest level since before the financial crisis. The spread between 2-year note yields and 10-year yields this week reached near the lows, at about 0.75, it has been since before the financial crisis.

“It certainly is giving you some sort of signal in here. The signals are when the yield curve flattens, it tells you that inflation is not a problem and the Fed is doing something at the front end,” said David Ader, Informa Financial Intelligence chief macro strategist. “Historically, it signals a slowdown or recession.”

But with the Federal Reserve set to raise interest rates in December, and uncertainty about who the next Fed chief will be, there are also other concerns in the market, including that a new Fed head could be more hawkish and set the Fed on a more rapid rate-hiking course.

“It’s also telling you there could be a policy error in the Fed’s hiking particularly if they accelerate it,” said Ader. Bank of America Merrill Lynch’s monthly fund manager survey showed that fund managers in October believe the biggest risk for markets is a central bank policy misstep.

Treasurys on the move  

Some strategists say ignore it at your own peril, but others point to the fact that stocks can still rally when longer-duration interest rates are low but the short-term rate is rising.

The fear is that a flattening yield curve could lead to an inversion, meaning the short-end rate would actually go higher than the longer-end yield. That is typically viewed as a recession signal, and the flattening curve is a warning of that.

“Typically you eventually get to a much flatter yield that could lead to a recession,” said Peter Boockvar, chief market analyst with the Lindsey Group. “Right now it’s hard to get to inversion because of how actually low short-term interest rates are. You don’t need to get to the inversion this time.”

Jeff Gundlach, CEO of DoubleLine, weighed in on Twitter, pointing out that stock market bulls point to low rates as a positive, yet rates are climbing. The 2-year yield was at a new nine-year high Wednesday, touching 1.57 percent, while the 10-year was at 2.34 percent.

2 year Tsy yield back on the rise. Should accelerate w/ a close above 1.56%. Keep hearing SPX P/E OK due to low rates. But they are rising.

Strategists say years of quantitative easing by global central banks and extreme low interest rates cast doubt on some of the conventional wisdom about bond behavior. For instance, the Fed is also slowing down its purchases of Treasurys, mostly at the short end, and that could be influencing the behavior of the curve.

“I think it’s the expectation that further Fed tightening, whether it’s on the short end or it’s the quantitative tightening, is eventually going to slow the U.S. economy, and that’s what the yield curve is saying, while the stock market is drunk on hopes for tax reform,” Boockvar said. At the same time, expectations for a Fed rate hike at its December meeting continue to rise.

Wealth manager: bond markets are creating the 'biggest financial crisis of our lifetime'

Wealth manager: Bond markets are creating the ‘biggest financial crisis of our lifetime’  

Dallas Fed President Rob Kaplan said the low rate of the 10-year may not be because of easy financial conditions. “That may be a sign of worry about future growth,” Kaplan told reporters after participating on a panel with New York Fed President William Dudley about regional economic trends.

Source: Strategas Research

Todd Sohn, technical analyst at Strategas, looked at the behavior of the stock market during periods of flattening yield curves, and he found that until the curve actually inverted, stocks performed very well. In some cases, it took awhile for stocks to react when the curve inverted.

“It’s on our mind,” he said. “But until you get the inversion I don’t think we should put too much weight on it. Equity performance is still positive.”

Sohn said as the curve flattened between August 1977 and August 1978, for example, the S&P 500 gained 7 percent. But after the curve inverted in August 1978, the S&P corrected, falling about 14 percent from September to mid-November.

As the curve flattened between July 1988 and January 1989, the S&P was up 9 percent. But Sohn said after the curve inverted in January 1989, the S&P went uninterrupted until October 1989, when it corrected about 10 percent through February 1990. Then it saw a 20 percent correction from July 1990 to October 1990.

“The curve inversion in June 1998 saw a sharp 19 percent S&P correction from mid-July 1998 and the end of August 1998… before the race higher into the March 2000 peak,” he noted.

Just ahead of the financial crisis, the curve inverted in January 2006. There was a shallow 8 percent correction from May to June 2006, and stocks moved higher until October 2007.

“It’s very case-by-case but curve inversion does typically lead to some form of a correction,” Sohn noted. “We’re not there yet but just something worth keeping in mind.”

https://www.cnbc.com/2017/10/18/bond-market-flashing-warning-sign-even-as-stocks-rally-to-new-highs.html

Here’s how the Fed is flattening the yield curve

Published: Oct 18, 2017 2:42 p.m. ET

‘There is a sense that the market is getting ahead of itself’: BMO

Photo by Justin Sullivan/Getty Images
One way to flatten things.

By SUNNYOH

Traders betting on a steeper yield curve are being thwarted by two factors: a Federal Reserve intent on raising rates and lackluster inflation. This potent combination is making for the flattest yield curve by one measure in nearly a decade.

The yield curve is a line plotting the yields across Treasury maturities from the shortest dated to the longest, and can reflect investor expectations for growth and inflation. A flatter curve is seen as a sign investors are worried about growth.

SeeShould investors still worry if the yield curve sends this ominous signal?

After four rate increases in the current hiking cycle, the spread between the 5-year yield TMUBMUSD05Y, +2.22%   and the 30-year yield TMUBMUSD30Y, +1.78%   one way to assess the curve’s steepness, narrowed to 0.86 percentage point. The curve has flattened steadily since Donald Trump’s presidential election victory last November sparked a selloff in long-dated Treasurys on fears that his pro-growth agenda would spur inflation. Yields and bond prices move in opposite directions.

The dramatic speed of the flattening has surprised investors. In the past four tightening cycles, the gap between the 5-year yield and the 30-year yield narrowed on average by 0.98 percentage point. But after peaking at 3.02 percentage points in November 2010, the spread has tightened by 2.18 percentage points.

“There is a sense that the market is getting ahead of itself in the aggressiveness of the flattening currently underway,” wrote Ian Lyngen and Aaron Kohli, fixed-income strategists at BMO Capital Markets.

ReadInvestors fear a Fed policy misstep as central bank reaffirms rate-hike trajectory

Traders tend to concentrate on the spread between the 5-year yield and the 30-year yield versus other measures of the curve. The 5-year yield can serve as a more accurate reflection of market expectations for short-term rates than the 2-year yieldTMUBMUSD02Y, +2.41%  , which is largely under the central bank’s control, said Tim Alt, director of currencies and rates at Aviva Investors.

At the long end of the curve, the 30-year yield has slipped as inflation expectations weaken. Investors demand more of a yield premium when they fear inflation is on the rise because inflation erodes the purchasing power of future cash flows.

“It is the lack of inflation and anemic term premium that are exaggerating the move,” wrote Lyngen and Kohli. The term premium refers to the extra yield investors need to be compensated for buying a long-dated bond if short-term yields do not develop as expected.

The narrowing term premium reflects the newfound transparency of the Federal Reserve under Chairwoman Janet Yellen and former chairman Ben Bernanke, said Marvin Loh, senior fixed-income strategist at BNY Mellon.

Since the Fed’s September policy meeting, investors have been inundated with speeches from central bankers. Every voting member of the Fed’s interest-rate setting body has delivered public remarks, many more than once, giving market participants a clear idea of the central bank’s plans, as well as factors that could forestall the current tightening path.

On the flip side, the central bank’s push to telegraph its intentions have also helped power short-dated yields TMUBMUSD02Y, +2.41%   to their highest level since the recession. Dallas Fed President Robert Kaplan highlighted this trend, saying the central bank should raise rates one more time this year on Tuesday. The Federal Reserve has signaled further rate rises on the assumption that tightness in labor markets will spur wage growth and, in turn, inflation.

But inflation has been absent in recent months. The Fed’s preferred inflation measure, known as the personal consumption expenditures deflator, was 1.43% year-over-year in August, a steady descent from the five-year high of 2.18% notched in February.

Nonetheless, Yellen has tried to get ahead of the curve, adding to investors’ concerns that a lack of price pressures will not put off the central bank’s plan to see interest rates move higher.

Also readFed flunks econ 101: understanding inflation

http://www.marketwatch.com/story/heres-how-the-fed-is-flattening-the-yield-curve-2017-10-18

One Of These 3 Black Swans Will Likely Trigger A Global Recession By End Of 2018

 Opinions expressed by Forbes Contributors are their own.

Shutterstock

Exactly ten years ago, we were months way from a world-shaking financial crisis.

By late 2006, we had an inverted yield curve steep to be a high-probability indicator of recession. I estimated at that time that the losses would be $400 billion at a minimum. Yet, most of my readers and fellow analysts told me I was way too bearish.

Turned out the losses topped well over $2 trillion and triggered the financial crisis and Great Recession.

Conditions in the financial markets needed only a spark from the subprime crisis to start a firestorm all over the world. Plenty of things were waiting to go wrong, and it seemed like they all did at the same time.

We don’t have an inverted yield curve now. But when the central bank artificially holds down short-term rates, it is difficult, if not almost impossible, for the yield curve to invert.

We have effectively suppressed the biggest warning signal.

But there is another recession in our future (there is always another recession), which I think will ensue by the end of 2018. And it’s going to be at least as bad as the last one was in terms of the global pain it causes.

Below are three scenarios that may turn out to be fateful black swans. But remember this: A harmless white swan can look black in the right lighting conditions. Sometimes, that’s all it takes to start a panic.

Black Swan #1: Yellen Overshoots

It is clear that the U.S. economy is not taking off like the rocket some predicted after the election:

  • President Trump and the Republicans haven’t been able to pass any of the fiscal stimulus measures we hoped to see.
  • Banks and energy companies are getting some regulatory relief, and that helps, but it’s a far cry from the sweeping health care reform, tax cuts and infrastructure spending we were promised.
  • Consumer spending is still weak, so people may be less confident than the sentiment surveys suggest. Inflation has perked up in certain segments like health care and housing, but otherwise it’s still low to nonexistent.

Is this, by any stretch of the imagination, the kind of economy in which the Federal Reserve should be tightening monetary policy? No—yet the Fed is doing so.

It’s in part because they waited too long to end QE and to begin reducing their balance sheet. FOMC members know they are behind the curve, and they want to pay lip service to doing something before their terms end.

Plus, Janet Yellen, Stanley Fischer and the other FOMC members are religiously devoted to the Phillips curve.

The black-swan risk here is that the Fed will tighten too much, too soon.

We know from recent FOMC minutes that some members have turned hawkish in part because they wanted to offset expected fiscal stimulus from the incoming administration. That stimulus has not been coming, but the FOMC is still acting as if it will be.

What happens when the Fed raises interest rates in the early, uncertain stages of a recession instead of lowering them? Logic suggests the Fed will curb any inflation pressure that exists and push the economy into outright deflation.

Deflation in an economy as debt-burdened as ours could be catastrophic.

Let me make an uncomfortable prediction: I think the Trump Fed—and since Trump will appoint at least six members of the FOMC in the coming year, it will be his Fed—will take us back down the path of massive quantitative easing and perhaps even to negative rates if we enter a recession.

The urge to “do something,” or at least be seen as trying to do something, is just going to be too strong.

https://www.forbes.com/sites/johnmauldin/2017/07/27/one-of-these-3-black-swans-will-likely-trigger-a-global-recession-by-end-of-2018/#520a1131875f

4 Non-Reasons For Recession In 2018

 Opinions expressed by Forbes Contributors are their own.

Forecasts of a recession next year are nothing new. In early 2016, I noticed analysts saying we might are already be in recession. One source quoted perennial bear Peter Schiff, another interviewed Jim Grant, and gold bug David Haggith wrote that we definitely were in recession. Not only did 2016 turn out to be not a recession, but it looks like 2017 won’t be either.

Dr. Bill Conerly based on Wall Street Journal survey.

Risk of Recession

Recessions don’t just happen randomly, nor do they occur because the expansion is old, nor do they come about because a certain person is in the White House. There is always a trigger, so we’ll go through the usual causes of recession.

1. Overly tight monetary policy is the most common cause of recession, but is unlikely right now. Here in the United States, the Federal Reserve caused or played a large role in the recessions of 1973-74, 1980, 1982, 1990 and 2001. I’ve heard it argued monetary policy was overly tight in 2008, but I don’t buy that as the cause of that recession, but perhaps the cause of the anemic recovery.

 Risk of Recession

Could monetary policy be tight enough to trigger a recession in 2018? Keep in mind that monetary policy acts with long time lags, so a December rate hike wouldn’t do much damage in the following year. The Fed’s rate hikes this year total one-half a percentage point, with perhaps one or two more on the way. (That’s the Fed’s own guess; mine is no more rate hikes this year.)

When the Fed moves strongly, it pushes short-term interest rates about three percentage points in a year. (1969, 1973, 1979, 1981, 1989) In the past six months, short-term interest rates have risen three-quarters of a percent—hardly a recessionary change.

 Yield curve June 2017 and 2016
Dr. Bill Conerly based on Federal Reserve data.

Yield curve June 2017 and 2016

The yield curve is a common expression of monetary policy and works pretty well as a predictive indicator. When interest rates are plotted against time to maturity—one month Treasury notes on the left and 30-year bonds on the right—then the shape of the curve is a good leading indicator. The normal shape is for the curve to rise, meaning higher interest rates are paid on bonds of longer maturity. Recessions are frequently preceded by an inverted yield curve, meaning short-term interest rates are higher than long-term interest rates. Right now the curve is very normal, and the last year’s shift upward has been an almost parallel move, with little change in the relationship between short-term rates and long-term rates. I see no recession coming from tight monetary policy, at least in the usual way.

The unusual way relates to the Fed’s reduction of its holdings of long-term securities, which will push interest rates up. This is uncharted territory. As the Fed had never before engaged in massive quantitative easing, it also never unwound a past massive easing. Two considerations are in order. First, the Fed won’t be too aggressive in its unwinding. If they see their actions pushing up long-term interest rates too quickly, they will hold off on further asset sales. Worrying about time lags—that the Fed won’t see their errors soon enough to ward off recession—makes senses, but it’s not certain.

The second consideration is that long-term interest rates are determined globally, by the world’s demand for credit compared to its supply of savings. The U.S is a big part of the global financial market, but it’s not the whole thing.

https://www.forbes.com/sites/billconerly/2017/07/19/4-non-reasons-for-recession-in-2018/#19da4731616c

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 984-985

Listen To Pronk Pops Podcast or Download Shows 977-983

Listen To Pronk Pops Podcast or Download Shows 970-976

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show 982, October 12, 2017, Story 1: President Trump Signs Executive Order Promoting Competition in Health Insurance Market With Association and Temporary Health Insurance Plans — Ends Health Care Subsidies To Insurance Companies Never Approved By Congress — Video — Story 2: President Trump Nominates New Secretary of Homeland Security Nominee Kirstjen Nielsen — Videos — Story 3: Will Trump’s Promised Middle Class Tax Cut Become Law? — Tax Cut Yes — Fundamental Tax Reform No — Videos

Posted on October 12, 2017. Filed under: American History, Blogroll, Breaking News, Bribery, Budgetary Policy, Cartoons, College, Communications, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Defense Spending, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Economics, Elections, Employment, Federal Government, Fiscal Policy, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Independence, Insurance, Investments, Labor Economics, Language, Law, Life, Media, Medicare, Mike Pence, Monetary Policy, Networking, People, Philosophy, Photos, Politics, Polls, President Trump, Progressives, Raymond Thomas Pronk, Rule of Law, Senate, Social Networking, Social Security, Tax Policy, Taxation, Taxes, Unemployment, United States of America, Videos, Violence, Wall Street Journal, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 982, October 12, 2017

Pronk Pops Show 981, October 11, 2017

Pronk Pops Show 980, October 10, 2017

Pronk Pops Show 979, October 9, 2017

Pronk Pops Show 978, October 5, 2017

Pronk Pops Show 977, October 4, 2017

Pronk Pops Show 976, October 2, 2017

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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

Image result for trump signs executive order promoting competition in health insurance market 12 October 2017Image result for trump names new homeland security secretary appointment october 12, 2017

Image result for  cartoons fair tax and trumpImage result for trump speech in harrisburg pa on taxes

Image result for fairtaxImage result for cartoons on trump tax framework

Image result for cartoons on trump tax framework

Image result for cartoons on trump tax framework

Image result for branco cartoons fair tax and trump

Image result for branco cartoons fair tax and trump

 

 

Story 1: President Trump Signs Executive Order Promoting Competition in Health Insurance Market With Association and Temporary Health Insurance Plans — Ends Health Care Subsidies To Insurance Companies Never Approved By Congress — Video —

Sen. Rand Paul Discusses Association Health Plans and Lowering Taxes – Oct. 12, 2017

Sen. Rand Paul Criticized Obama for Executive Orders. #SenRandPaul #Obama #JakeTapper

President Trump Signs an Executive Order to Promote Healthcare Choice and Competition

Sen. Rand Paul on Trump’s Health Order, Tax Reform

Senator Paul Joins President Trump in Signing of Executive Order

ALERT: Trump Issues Major “Healthcare” Announcement, No One Saw This Coming

Sen. Rand Paul Criticized Obama for Executive Orders. #SenRandPaul #Obama #JakeTapper

 

What Is an ERISA Health Insurance Plan? : Health Insurance & More

Selling Insurance Across State Lines – ACA’s Impact | HealthWatch Wisconsin & ABC for Health

Health Insurance Across State Lines

BREAKING: Trump Humiliates Congress With Jaw-Dropping Order

Rand Paul: Trump Will Kill Obamacare With Executive Actions

Executive Powers & Limitations | Principles of the Constitution

History Of Executive Orders – TheBlaze

Executive Orders from Hell! Why would an American President ever do this?

Are Executive Orders Constitutional?

Presidential Powers 2: Crash Course Government and Politics #12

Shadegg Discusses Buying Insurance Across State Lines with Neil Cavuto

Should companies sell across state lines?

Foiled in Congress, Trump Signs Order to Undermine Obamacare

President Trump signed an executive order on Thursday that clears the way for potentially sweeping changes to the country’s health insurance system, including sales of cheaper policies with fewer benefits and protections for consumers than those mandated under the Affordable Care Act.

The president’s plan, an 1,100-word directive to federal agencies, laid the groundwork for an expanding array of health insurance products, mainly less comprehensive plans offered through associations of small employers and greater use of short-term medical coverage.

It was the first time since efforts to repeal the landmark health law collapsed in Congress that Mr. Trump has set forth his vision of how to remake the nation’s health care system using the powers of the executive branch. It immediately touched off a furious debate over whether the move would fatally destabilize the Affordable Care Act marketplaces or add welcome options to consumers complaining of high premiums and not enough choice.

In Congress, the move seemed to intensify the polarization over health care. The Senate majority leader, Mitch McConnell of Kentucky, said the president was offering “more affordable health insurance options” desperately needed by consumers. But the Senate Democratic leader, Chuck Schumer of New York, said Mr. Trump was “using a wrecking ball to single-handedly rip apart our health care system.”

Most of the changes will not occur until federal agencies write and adopt regulations implementing them. The process, which includes a period for public comments, could take months. That means the order will probably not affect insurance coverage next year, but could lead to major changes in 2019.

“With these actions,” Mr. Trump said at a White House ceremony, “we are moving toward lower costs and more options in the health care market, and taking crucial steps toward saving the American people from the nightmare of Obamacare.”

“This is going to be something that millions and millions of people will be signing up for,” the president predicted, “and they’re going to be very happy.’’

But many patients, doctors, hospital executives and state insurance regulators were not so happy. They said the changes envisioned by Mr. Trump could raise costs for sick people, increase sales of bare-bones insurance and add uncertainty to wobbly health insurance markets.

“Today’s executive order could leave millions of cancer patients and survivors unable to access meaningful coverage,’’ said Chris Hansen, the president of the lobbying arm of the American Cancer Society.

GRAPHIC

We’re Tracking the Ways Trump Is Scaling Back Obamacare. Here Are 11.

What the administration has done to weaken the health law.

In a statement from six physician groups, including the American Academy of Family Physicians, the doctors predicted, “Allowing insurers to sell narrow, low-cost health plans likely will cause significant economic harm to women and older, sicker Americans who stand to face higher-cost and fewer insurance options.”

While many health insurers remained silent about the executive order, some voiced concern that it could destabilize the market.

The Trump proposal “would draw younger and healthier people away from the exchanges and drive additional plans out of the market,” warned Ceci Connolly, the chief executive of the Alliance of Community Health Plans. “In turn, premiums would continue to increase, threatening the security of affordable coverage for millions of working families.”

The Affordable Care Act has expanded private insurance to millions of people through the creation of marketplaces, also known as exchanges, where people can purchase plans, in many cases using government subsidies to offset the cost. It also required that plans offered on the exchanges include a specific set of benefits, including hospital care, maternity care and mental health services, and it prohibited insurers from denying coverage to people with pre-existing medical conditions.

The order’s quickest impact on the marketplaces would be the potential expansion of short-term plans, which are exempt from Affordable Care Act requirements. The Obama administration limited the length of time people could enroll in such plans because companies were marketing them to healthy customers and luring people away from Affordable Care Act marketplaces, said Sabrina Corlette, a research professor at Georgetown University. She predicted companies would seize the opportunity to resume sale of such policies, which are much less expensive than A.C.A. plans. “There are companies that are poised to aggressively market this stuff,” she said.

Many health policy experts worry that if large numbers of healthy people move into such plans, it would drive up premiums for those left in Affordable Care Act plans because the risk pool would have sicker people.

“If the short-term plans are able to siphon off the healthiest people, then the more highly regulated marketplaces may not be sustainable,” said Larry Levitt, a senior vice president for the Kaiser Family Foundation. “These plans follow no rules.”

Short-term policies could be useful to people in counties where only one insurer is offering plans in the Affordable Care Act marketplace, according to a White House document.

But short-term policies can also limit benefits and charge higher premiums to people who have expensive medical conditions, a type of discrimination banned in policies regulated under the Affordable Care Act.

Mr. Trump’s order would also eventually make it easier for small businesses to band together and buy insurance through entities known as association health plans, which could be created by business and professional groups. A White House official said these health plans “could potentially allow American employers to form groups across state lines” — a goal championed by Mr. Trump and many other Republicans — allowing more options and the formation of larger risk pools.

“This could turn back the clock three decades on small business insurance,” Mr. Levitt said. Without the oversight by states, “this could create an unregulated and risky market that we haven’t seen for decades,’ he said.

The order won applause from potential sponsors of association health plans, including the National Federation of Independent Business, the National Restaurant Association, the U.S. Chamber of Commerce and Associated Builders and Contractors, a trade group for the construction industry.

The White House released a document saying that some consumer protections would remain in place for association plans. “Employers participating in an association health plan cannot exclude any employee from joining the plan and cannot develop premiums based on health conditions” of individual employees, according to the document.

But state officials pointed out that an association health plan can set different rates for different employers, so that a company with older, sicker workers might have to pay much more than a firm with young, healthy employees.

“Two employers in an association can be charged very different rates, based on the medical claims filed by their employees,” said Mike Kreidler, the state insurance commissioner in Washington.

Mr. Trump’s order followed the pattern of previous policy shifts that originated with similar directives to agencies to come up with new rules. Within hours of his inauguration in January, he ordered federal agencies to find ways to waive or defer provisions of the Affordable Care Act that might burden consumers, insurers or health care providers. In May, he directed officials to help employers with religious objections to the federal mandate for insurance coverage of contraception.

Both of those orders were followed up with specific, substantive regulations that rolled back policies of President Barack Obama.

In battles over the Affordable Care Act this year, Mr. Trump and Senate Republicans said they wanted to give state officials vast new power to regulate insurance because state officials were wiser than federal officials and better understood local needs. But under the order, the federal government could pre-empt many state insurance rules, a prospect that alarms state insurance regulators.

The National Association of Insurance Commissioners, representing state officials, has long opposed association health plans because they could be largely exempt from state regulation. Ted Nickel, the president of the National Association of Insurance Commissioners, who is also the top insurance regulator in Wisconsin, said the proliferation of association health plans could further destabilize “already fragile markets.’’

Another part of Mr. Trump’s order indicates that he may wish to crack down on the consolidation of doctors, hospitals and other health care providers, a trend that critics say has driven up costs for consumers. Mr. Trump said that administration officials, working with the Federal Trade Commission, should report to him within 180 days on federal and state policies that limit competition and choice in the health care industry.

Trump’s Association Health Plans Are An Old Idea That Hasn’t Worked

I write about healthcare business and policy  Opinions expressed by Forbes Contributors are their own.

President Donald Trump issued an executive order on health care Thursday that he said was designed to spur competition in the individual insurance market, but the main component of it has been tried before and hasn’t worked out well for small business or consumers.

Trump Thursday directed his cabinet to ease rules to allow small employers to band together through trade groups to create “Association Health Plans” that could form across state lines to offer coverage while attracting more competition among insurers.

President Donald Trump signs an executive order Thursday “to promote healthcare choice and competition.” (Photo by Alex Wong/Getty Images)

“They will have so many options,” Trump said Thursday morning at a signing ceremony for the executive order. “This will cost the U.S. government virtually nothing.”

But those who have studied insurance sales across state lines and past efforts dating to the 1980sof small groups to band together to compete with health plans say they haven’t worked. And when association health plans offering skimpier benefits have operated in the past, consumers have suffered and established insurers have stayed away from offering bare-bones policies as analysts expect they will do this time.

“AHPs do have a poor track record, both in terms of insolvency and also, unfortunately, of fraud,” Sabrina Corlette , professor with the Center on Health Insurance Reforms at Georgetown University who is also the consumer representative to the National Association of Insurance Commissioners said Thursday.

Trump said Thursday these new plans will draw “millions” of consumers to lower rates and policies free of “Obamacare” rules and regulations under the Affordable Care Act.

“The health insurance sold via the AHP could become exempt from consumer protections such as the essential health benefits standard and the prohibition on charging higher premiums to people with preexisting conditions,” Corlette and colleague Kevin Lucia wrote for The Commonwealth Fund. “The result would be increased risk for higher premiums and fewer plan options on the individual market, as well as fraud and insolvency.”

Even if AHPs have fewer rules to abide by than health insurers that sell on public exchanges under the ACA, the plans will still have to be well capitalized to pay doctors and hospitals and pool premiums to pay insurance claims. That requires a lot of money to establish health plan networks.

A key reason insurers like Aetna, Humana and UnitedHealth Group left the ACA’s public exchanges is due to lack of customers and disinterest in creating larger networks, particularly in rural areas where they haven’t historically operated. Rural areas have been largely dominated by Blue Cross and Blue Shield plans, which are continuing to participate on the ACA’s public exchanges.

Health insurance companies in some states can already sell health coverage across state lines, but it hasn’t worked in large part because plans haven’t wanted to spend the money contracting with more doctors and hospitals in areas they have no enrollees. Six states have enacted laws allowing health plan sales across state lines and “no state was known to actually offer or sell such policies,” National Conference of State Legislatures said in a new report last week.

The health insurance industry issued a statement after Trump’s executive order that was far from an endorsement, saying plans needed to further evaluate its impact. But insurers don’t appear interested in eliminating consumer protections and the trend toward health plan networks that measure quality and health outcomes.

“Health plans remain committed to certain principles,” America’s Health Insurance Plans, which represents Anthem, Centene and several Blue Cross and Blue Shield companies, said. “We believe that reforms must stabilize the individual market for lower costs, higher consumer satisfaction, and better health outcomes for everyone. And we believe that we cannot jeopardize the stability of other markets that provide coverage for hundreds of millions of Americans.”

https://www.forbes.com/sites/brucejapsen/2017/10/12/trumps-association-health-plans-are-an-old-idea-that-hasnt-worked/#695e56562748

President Trump signed an executive order on health care in the Roosevelt Room of the White House on Thursday. CreditDoug Mills/The New York Times

WASHINGTON — President Trump will scrap subsidies to health insurance companies that help pay out-of-pocket costs of low-income people, the White House said late Thursday. His plans were disclosed hours after the president ordered potentially sweeping changes in the nation’s insurance system, including sales of cheaper policies with fewer benefits and fewer protections for consumers.

The twin hits to the Affordable Care Act could unravel President Barack Obama’s signature domestic achievement, sending insurance premiums soaring and insurance companies fleeing from the health law’s online marketplaces. After Republicans failed to repeal the health law in Congress, Mr. Trump appears determined to dismantle it on his own.

Without the subsidies, insurance markets could quickly unravel. Insurers have said they will need much higher premiums and may pull out of the insurance exchanges created under the Affordable Care Act if the subsidies were cut off. Known as cost-sharing reduction payments, the subsidies were expected to total $9 billion in the coming year and nearly $100 billion in the coming decade.

“The government cannot lawfully make the cost-sharing reduction payments,” the White House said in a statement.

It concluded that “Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people.”

In a joint statement, the top Democrats in Congress, Senator Chuck Schumer of New York and Representative Nancy Pelosi of California, said Mr. Trump had “apparently decided to punish the American people for his inability to improve our health care system.”

“It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America,” they said. “Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it.”

Lawmakers from both parties have urged the president to continue the payments. Mr. Trump had raised the possibility of eliminating the subsidies at a White House meeting with Republican senators several months ago. At the time, one senator told him that the Republican Party would effectively “own health care” as a political issue if the president did so.

“Cutting health care subsidies will mean more uninsured in my district,” Representative Ileana Ros-Lehtinen, Republican of Florida, wrote on Twitter late Thursday. She added that Mr. Trump “promised more access, affordable coverage. This does opposite.”

But Speaker Paul D. Ryan, Republican of Wisconsin, praised Mr. Trump’s decision and said the Obama administration had usurped the authority of Congress by paying the subsidies. “Under our Constitution,” Mr. Ryan said, “the power of the purse belongs to Congress, not the executive branch.”

The future of the payments has been in doubt because of a lawsuit filed in 2014 by House Republicans, who said the Obama administration was paying the subsidies illegally. Judge Rosemary M. Collyer of the United States District Court in Washington agreed, finding that Congress had never appropriated money for the cost-sharing subsidies.

The Obama administration appealed the ruling. The Trump administration has continued the payments from month to month, even though Mr. Trump has made clear that he detests the payments and sees them as a bailout for insurance companies.

This summer, a group of states, including New York and California, was allowed to intervene in the court case over the subsidies. The New York attorney general, Eric T. Schneiderman, said on Thursday night that the coalition of states “stands ready to sue” if Mr. Trump cut off the subsidies.

GRAPHIC

We’re Tracking the Ways Trump Is Scaling Back Obamacare. Here Are 12.

What the administration has done to weaken the health law.

Mr. Trump’s decision to stop the subsidy payments puts pressure on Congress to provide money for them in a spending bill.

Senator Lamar Alexander, Republican of Tennessee and the chairman of the Senate health committee, and Senator Patty Murray of Washington, the senior Democrat on the panel, have been trying to work out a bipartisan deal that would continue the subsidy payments while making it easier for states to obtain waivers from some requirements of the Affordable Care Act. White House officials have sent mixed signals about whether Mr. Trump was open to such a deal.

The decision to end subsidies came on the heels of Mr. Trump’s executive order, which he signed earlier Thursday.

With an 1,100-word directive to federal agencies, the president laid the groundwork for an expanding array of health insurance products, mainly less comprehensive plans offered through associations of small employers and greater use of short-term medical coverage.

It was the first time since efforts to repeal the landmark health law collapsed in Congress that Mr. Trump has set forth his vision of how to remake the nation’s health care system using the powers of the executive branch. It immediately touched off a debate over whether the move would fatally destabilize the Affordable Care Act marketplaces or add welcome options to consumers complaining of high premiums and not enough choice.

Most of the changes will not occur until federal agencies write and adopt regulations implementing them. The process, which includes a period for public comments, could take months. That means the order will probably not affect insurance coverage next year, but could lead to major changes in 2019.

“With these actions,” Mr. Trump said at a White House ceremony, “we are moving toward lower costs and more options in the health care market, and taking crucial steps toward saving the American people from the nightmare of Obamacare.”

“This is going to be something that millions and millions of people will be signing up for,” the president predicted, “and they’re going to be very happy.”

But many patients, doctors, hospital executives and state insurance regulators were not so happy. They said the changes envisioned by Mr. Trump could raise costs for sick people, increase sales of bare-bones insurance and add uncertainty to wobbly health insurance markets.

Chris Hansen, the president of the lobbying arm of the American Cancer Society, said the order “could leave millions of cancer patients and survivors unable to access meaningful coverage.”

In a statement from six physician groups, including the American Academy of Family Physicians, the doctors predicted that “allowing insurers to sell narrow, low-cost health plans likely will cause significant economic harm to women and older, sicker Americans who stand to face higher-cost and fewer insurance options.”

While many health insurers remained silent about the executive order, some voiced concern that it could destabilize the market. The Trump proposal “would draw younger and healthier people away from the exchanges and drive additional plans out of the market,” warned Ceci Connolly, the chief executive of the Alliance of Community Health Plans.

Administration officials said they had not yet decided which federal and state rules would apply to the new products. Without changing the law, they said, they can rewrite federal regulations so that more health plans would be exempt from some of its requirements.

The Affordable Care Act has expanded private insurance to millions of people through the creation of marketplaces, also known as exchanges, where people can purchase plans, in many cases using government subsidies to offset the cost. It also required that plans offered on the exchanges include a specific set of benefits, including hospital care, maternity care and mental health services, and it prohibited insurers from denying coverage to people with pre-existing medical conditions.

The executive order’s quickest effect on the marketplaces would be the potential expansion of short-term plans, which are exempt from Affordable Care Act requirements. Many health policy experts worry that if large numbers of healthy people move into such plans, it would drive up premiums for those left in Affordable Care Act plans because the risk pool would have sicker people.

“If the short-term plans are able to siphon off the healthiest people, then the more highly regulated marketplaces may not be sustainable,” said Larry Levitt, a senior vice president for the Kaiser Family Foundation. “These plans follow no rules.”

Mr. Trump’s order would also eventually make it easier for small businesses to band together and buy insurance through entities known as association health plans, which could be created by business and professional groups. A White House official said these health plans “could potentially allow American employers to form groups across state lines” — a goal championed by Mr. Trump and many other Republicans — allowing more options and the formation of larger risk pools.

Association plans have a troubled history. Because the plans were not subject to state regulations that required insurers to have adequate financial resources, some became insolvent, leaving people with unpaid medical bills. Some insurers were accused of fraud, telling customers that the plans were more comprehensive than they were and leaving them uncovered when consumers became seriously ill.

The White House said that a broader interpretation of federal law — the Employee Retirement Income Security Act of 1974 — “could potentially allow employers in the same line of business anywhere in the country to join together to offer health care coverage to their employees.”

The order won applause from potential sponsors of association health plans, including the National Federation of Independent Business, the National Restaurant Association, the U.S. Chamber of Commerce and Associated Builders and Contractors, a trade group for the construction industry.

The White House released a document saying that some consumer protections would remain in place for association plans. “Employers participating in an association health plan cannot exclude any employee from joining the plan and cannot develop premiums based on health conditions” of individual employees, according to the document. But state officials pointed out that an association health plan can set different rates for different employers, so that a company with older, sicker workers might have to pay much more than a firm with young, healthy employees.

“Two employers in an association can be charged very different rates, based on the medical claims filed by their employees,” said Mike Kreidler, the state insurance commissioner in Washington.

Mr. Trump’s order followed the pattern of previous policy shifts that originated with similar directives to agencies to come up with new rules.

Within hours of his inauguration in January, he ordered federal agencies to find ways to waive or defer provisions of the Affordable Care Act that might burden consumers, insurers or health care providers. In May, he directed officials to help employers with religious objections to the federal mandate for insurance coverage of contraception.

Both of those orders were followed up with specific, substantive regulations that rolled back Mr. Obama’s policies.

3350COMMENTS

In battles over the Affordable Care Act this year, Mr. Trump and Senate Republicans said they wanted to give state officials vast new power to regulate insurance because state officials were wiser than federal officials and better understood local needs. But under Thursday’s order, the federal government could pre-empt many state insurance rules, a prospect that alarms state insurance regulators.

Another part of Mr. Trump’s order indicates that he may wish to crack down on the consolidation of doctors, hospitals and other health care providers, a trend that critics say has driven up costs for consumers. Mr. Trump said that administration officials, working with the Federal Trade Commission, should report to him within 180 days on federal and state policies that limit competition and choice in the health care industry.

Executive order (United States)

From Wikipedia, the free encyclopedia

Executive Orders are presidential directives issued by United States Presidents and are generally directed towards officers and agencies of the U.S. federal government. Executive orders may have the force of law, if based on the authority derived from statute or the Constitution itself. The ability to make such orders is also based on express or implied Acts of Congress that delegate to the President some degree of discretionary power (delegated legislation).[1]

Like both legislative statutes and regulations promulgated by government agencies, executive orders are subject to judicial review and may be overturned if the orders lack support by statute or the Constitution.[2] Major policy initiatives require approval by the legislative branch, but executive orders have significant influence over the internal affairs of government, deciding how and to what degree legislation will be enforced, dealing with emergencies, waging wars, and in general fine-tuning policy choices in the implementation of broad statutes.

Basis in the United States Constitution

The United States Constitution does not have a provision that explicitly permits the use of executive orders. The term executive power in Article II, Section 1, Clause 1 of the Constitution is not entirely clear. The term is mentioned as direction to “take Care that the Laws be faithfully executed” and is part of Article II, Section 3. The consequence of failing to comply could possibly be removal from office.[3][4]

The U.S. Supreme Court has held[5] that all executive orders from the President of the United States must be supported by the Constitution, whether from a clause granting specific power, or by Congress delegating such to the executive branch.[6] Specifically, such orders must be rooted in Article II of the US Constitution or enacted by the congress in statutes. Attempts to block such orders have been successful at times when such orders exceeded the authority of the president or could be better handled through legislation.[7]

The Office of the Federal Register is responsible for assigning the executive order a sequential number after receipt of the signed original from the White House and printing the text of the executive order in the daily Federal Register and Title 3 of the Code of Federal Regulations.[8]

History and use

With the exception of William Henry Harrison, all presidents beginning with George Washington in 1789 have issued orders that in general terms can be described as executive orders. Initially they took no set form. Consequently, such orders varied as to form and substance.[9]

The first executive order was issued by George Washington on June 8, 1789, addressed to the heads of the federal departments, instructing them “to impress me with a full, precise, and distinct general idea of the affairs of the United States” in their fields.[10]

The most famous executive order was by President Abraham Lincoln when he issued the Emancipation Proclamation on January 1, 1863. Political scientist Brian R. Dirck states:

The Emancipation Proclamation was an executive order, itself a rather unusual thing in those days. Executive orders are simply presidential directives issued to agents of the executive department by its boss.[11]

Until the early 1900s, executive orders went mostly unannounced and undocumented, seen only by the agencies to which they were directed. This changed when the Department of State instituted a numbering scheme in 1907, starting retroactively with United States Executive Order 1 issued on October 20, 1862, by President Abraham Lincoln.[12] The documents that later came to be known as “executive orders” apparently gained their name from this order issued by Lincoln, which was captioned “Executive Order Establishing a Provisional Court in Louisiana”.[13] This court functioned during the military occupation of Louisiana during the American Civil War, and Lincoln also used Executive Order 1 to appoint Charles A. Peabody as judge, and to designate the salaries of the court’s officers.[12]

President Truman’s Executive Order 10340 in Youngstown Sheet & Tube Co. v. Sawyer, 343 US 579 (1952) placed all steel mills in the country under federal control. This was found invalid because it attempted to make law, rather than clarify or act to further a law put forth by the Congress or the Constitution. Presidents since this decision have generally been careful to cite which specific laws they are acting under when issuing new executive orders. Likewise, when presidents believe their authority for issuing an executive order stems from within the powers outlined in the Constitution, the order will simply proclaim “under the authority vested in me by the Constitution” instead.

Wars have been fought upon executive order, including the 1999 Kosovo War during Bill Clinton‘s second term in office. However, all such wars have had authorizing resolutions from Congress. The extent to which the president may exercise military power independently of Congress and the scope of the War Powers Resolution remain unresolved constitutional issues, although all presidents since its passage have complied with the terms of the resolution while maintaining that they are not constitutionally required to do so.

President Truman issued 907 executive orders, with 1,081 orders by Theodore Roosevelt, 1,203 orders by Calvin Coolidge, and 1,803 orders by Woodrow Wilson. Franklin D. Roosevelt has the distinction of making a record 3,522 executive orders.

Franklin Roosevelt

Prior to 1932, uncontested executive orders had determined such issues as national mourning on the death of a president, and the lowering of flags to half-staff. President Franklin Roosevelt issued the first of his 3,522 executive orders on March 6, 1933, declaring a bank holiday, forbidding banks to release gold coin or bullionExecutive Order 6102 forbade the hoarding of gold coin, bullion and gold certificates. A further executive order required all newly mined domestic gold be delivered to the Treasury.[14]

By Executive Order 6581, the president created the Export-Import Bank of the United States. On March 7, 1934, he created the National Industrial Recovery Act (Executive Order 6632). On June 29, the president issued Executive Order 6763 “under the authority vested in me by the Constitution”, thereby creating the National Labor Relations Board.

In 1934, while Charles Evans Hughes was Chief Justice of the United States (in the time period known as the Hughes Court), the Court found that the National Industrial Recovery Act (NIRA) was unconstitutional. The president then issued Executive Order 7073 “by virtue of the authority vested in me under the said Emergency Relief Appropriation Act of 1935“, reestablishing the National Emergency Council to administer the functions of the NIRA in carrying out the provisions of the Emergency Relief Appropriations Act. On June 15, he issued Executive Order 7075, which terminated NIRA and replaced it with the Office of Administration of the National Recovery Administration.[15]

In the years that followed, President Roosevelt replaced the outgoing judges with those more in line with his views, ultimately appointing Hugo BlackStanley ReedFelix FrankfurterWilliam O. DouglasFrank MurphyRobert H. Jackson and James F. Byrnes to the Court. Historically, only George Washington had equal or greater influence over Supreme Court appointments, choosing all of its original members. Justices Frankfurter, Douglas, Black, and Jackson dramatically checked presidential power by invalidating the executive order at issue in The Steel Seizure Case (i.e., Executive Order 10340). In that case Roosevelt’s successor, President Truman, had ordered private steel production facilities seized in support of the Korean War effort, but the Court held the executive order was not within the power granted to the President by the Constitution.

Table of Presidents using Executive Orders

President Number
issued [14]
Starting with
E.O. number [14]
George Washington 8 n/a
John Adams 1 n/a
Thomas Jefferson 4 n/a
James Madison 1 n/a
James Monroe 1 n/a
John Quincy Adams 3 n/a
Andrew Jackson 12 n/a
Martin van Buren 10 n/a
William Henry Harrison 0 n/a
John Tyler 17 n/a
James K. Polk 18 n/a
Zachary Taylor 5 n/a
Millard Fillmore 12 n/a
Franklin Pierce 35 n/a
James Buchanan 16 n/a
Abraham Lincoln 48 1
Andrew Johnson 79
Ulysses S. Grant 217
Rutherford B. Hayes 92
James Garfield 6
Chester Arthur 96
Grover Cleveland (first term) 113
Benjamin Harrison 143
Grover Cleveland (second term) 140
William McKinley 185
Theodore Roosevelt 1,081
William Howard Taft 724
Woodrow Wilson 1,803
Warren G. Harding 522
Calvin Coolidge 1,203
Herbert Hoover 968 5075
Franklin D. Roosevelt (~3.05 terms) 3,522 6071
Harry S. Truman 907 9538
Dwight D. Eisenhower 484 10432
John F. Kennedy 214 10914
Lyndon B. Johnson 325 11128
Richard Nixon 346 11452
Gerald R. Ford 169 11798
Jimmy Carter 320 11967
Ronald Reagan 381 12287
George H. W. Bush 166 12668
Bill Clinton[16] 308 12834
George W. Bush[16] 291 13198
Barack Obama[16] 276 13489
Donald Trump (as of September 29, 2017) [16][17] 49 13765

Reaction

Large policy changes with wide-ranging effects have been implemented through executive order, including the racial integration of the armed forces under Harry Truman and the desegregation of public schools under Dwight D. Eisenhower[citation needed].

Two extreme examples of an executive order are Franklin Roosevelt’s Executive Order 6102 “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States” and Executive Order 9066, which delegated military authority to remove any or all people in a military zone (used to target Japanese-Americans and German-Americans in certain regions). The order was then delegated to GeneralJohn L. DeWitt, and subsequently paved the way for all Japanese-Americans on the West Coast to be sent to internment camps for the duration of World War II.

President George W. Bush issued Executive Order 13233 in 2001, which restricted public access to the papers of former presidents. The order was criticized by the Society of American Archivists and other groups, who stated that it “violates both the spirit and letter of existing U.S. law on access to presidential papers as clearly laid down in 44 USC 2201–07″, and adding that the order “potentially threatens to undermine one of the very foundations of our nation”. President Barack Obama revoked Executive Order 13233 in January 2009.[18]

The Heritage Foundation has accused presidents of abusing executive orders by using them to make laws without Congressional approval and moving existing laws away from their original mandates.[19]

Legal conflicts

In 1935, the Supreme Court overturned five of President Franklin Roosevelt’s executive orders (6199, 6204, 6256, 6284, 6855). Executive Order 12954, issued by President Bill Clinton in 1995, attempted to prevent the federal government from contracting with organizations that had strike-breakers on the payroll; a federal appeals court subsequently ruled that the order conflicted with the National Labor Relations Act, and invalidated the order.[20][21]

Congress has the power to overturn an executive order by passing legislation that invalidates it. Congress can also refuse to provide funding necessary to carry out certain policy measures contained with the order or to legitimize policy mechanisms. In the case of the former, the president retains the power to veto such a decision; however, the Congress may override a veto with a two-thirds majority to end an executive order. It has been argued that a congressional override of an executive order is a nearly impossible event, due to the supermajority vote required and the fact that such a vote leaves individual lawmakers vulnerable to political criticism.[22]

On July 30, 2014, the Republican-led House of Representatives approved a resolution authorizing Speaker of the HouseJohn Boehner to sue President Barack Obama over claims that he exceeded his executive authority in changing a key provision of the Affordable Care Act (“Obamacare”) on his own[23] and over what Republicans claimed had been “inadequate enforcement of the health care law”, which Republican lawmakers opposed. In particular, Republicans “objected that the Obama administration delayed some parts of the law, particularly the mandate on employers who do not provide health care coverage”.[24] The suit was filed in the U.S. District Court for the District of Columbia on November 21, 2014.[25]

Part of President Donald Trump’s executive order Protecting the Nation from Foreign Terrorist Entry into the United States, which temporarily banned entry to the US from citizens of seven Muslim-majority countries, including for permanent residents, was stayed by a federal court on January 28, 2017.[26]

State governors’ executive orders

Executive orders issued by state governors are not the same as statutes passed by state legislatures, but do have the force of law in a similar way to the federal system. State executive orders are usually based on existing constitutional or statutory powers of the governor and do not require any action by the state legislature to take effect.

Executive orders may, for example, demand budget cuts from state government when the state legislature is not in session, and economic conditions take a downturn, thereby decreasing tax revenue below what was forecast when the budget was approved. Depending on the state constitution, a governor may specify what percentage each government agency must reduce by, and may exempt those that are already particularly underfunded, or cannot put long-term expenses (such as capital expenditures) off until a later fiscal year. The governor may also call the legislature into special session.

There are also other uses for gubernatorial executive orders. In 2007, for example, George “Sonny” Perdue, governor of Georgia, issued an executive order for all of its state agencies to reduce water use during a major drought. This was also demanded of its counties‘ water systems, however it is unclear whether this order would have the force of law.

Presidential proclamation

According to political expert Phillip J. Cooper, a presidential proclamation “states a condition, declares a law and requires obedience, recognizes an event or triggers the implementation of a law (by recognizing that the circumstances in law have been realized)”.[27]Presidents define situations or conditions on situations that become legal or economic truth. These orders carry the same force of law as executive orders—the difference between the two is that executive orders are aimed at those inside government while proclamations are aimed at those outside government.

The administrative weight of these proclamations is upheld because they are often specifically authorized by congressional statute, making them “delegated unilateral powers.” Presidential proclamations are often dismissed as a practical presidential tool for policy making because of the perception of proclamations as largely ceremonial or symbolic in nature. However, the legal weight of presidential proclamations suggests their importance to presidential governance.[28]

See also

References

https://en.wikipedia.org/wiki/Executive_order_(United_States)

Powers of the President of the United States

From Wikipedia, the free encyclopedia

The President of the United States has numerous powers, including those explicitly granted by Article II of the United States Constitution.

The Constitution explicitly assigned the president the power to sign or veto legislation, command the armed forces, ask for the written opinion of their Cabinet, convene or adjourn Congress, grant reprieves and pardons, and receive ambassadors. The president may make treaties which need to be ratified by two-thirds of the Senate. The president may also appoint Article III judges and some officers with the advice and consent of the U.S. Senate. In the condition of a Senate recess, the president may make a temporary appointment.

Executive powers

Within the executive branch itself, the president has broad powers to manage national affairs and the priorities of the government. The president can issue rules, regulations, and instructions called executive orders, which have the binding force of law upon federal agencies but do not require approval of the United States Congress. Executive orders are subject to judicial review and interpretation.

The Budget and Accounting Act of 1921 put additional responsibilities on the presidency for the preparation of the United States federal budget, although Congress was required to approve it.[1] The act required the Office of Management and Budget to assist the president with the preparation of the budget. Previous presidents had the privilege of impounding funds as they saw fit, however the United States Supreme Court revoked the privilege in 1998 as a violation of the Presentment Clause. The power was available to all presidents and was regarded as a power inherent to the office. The Congressional Budget and Impoundment Control Act of 1974 was passed in response to large-scale power exercises by President Nixon. The act also created the Congressional Budget Office as a legislative counterpoint to the Office of Management and Budget.

The president, as the Commander in Chief of the United States Armed Forces, may also call into federal service individual state units of the National Guard. In times of war or national emergency, the Congress may grant the president broader powers to manage the national economy and protect the security of the United States, but these powers were not expressly granted by the United States Constitution.[2] During the Vietnam War, in 1973, Congress expeditiously passed the War Powers Act and severely limited the ability of the President to conduct warfare without Congressional approval. Congress was constitutionally provided the power to declare the war,[3] but if the president needed to send the troops to other countries for emergency reasons, approved statutes required the notification of Congress within forty-eight hours. For any time beyond sixty days, further congressional approval was required.

Powers related to legislation

The president has several options when presented with a bill from Congress. If the president agrees with the bill, he can sign it into law within ten days of receipt. If the president opposes the bill, he can veto it and return the bill to Congress with a veto message suggesting changes unless the Congress is out of session then the president may rely on a pocket veto.

Presidents are required to approve all of a bill or none of it; selective vetoes have been prohibited. In 1996, Congress gave President Bill Clinton a line-item veto over parts of a bill that required spending federal funds. The Supreme Court, in Clinton v. New York City, found Clinton’s veto of pork-barrel appropriations for New York City to be unconstitutional because only a constitutional amendment could give the president line-item veto power.[4]

When a bill is presented for signature, the president may also issue a signing statement with expressions of their opinion on the constitutionality of a bill’s provisions. The president may even declare them unenforceable but the Supreme Court has yet to address this issue.[5]

Congress may override vetoes with a two-thirds vote in both the House and the Senate. The process has traditionally been difficult and relatively rare. The threat of a presidential veto has usually provided sufficient pressure for Congress to modify a bill so the President would be willing to sign it.

Much of the legislation dealt with by Congress is drafted at the initiative of the executive branch.[6] The president may personally propose legislation in annual and special messages to Congress including the annual State of the Union address and joint sessions of Congress. If Congress has adjourned without acting on proposals, the president may call a special session of the Congress.

Beyond these official powers, the U.S. president, as a leader of his political party and the United States government, holds great sway over public opinion whereby they may influence legislation.

To improve the working relationship with Congress, presidents in recent years have set up an Office of Legislative Affairs. Presidential aides have kept abreast of all important legislative activities.

Powers of appointment

The President of the United States has several different appointment powers.

Before taking office, the president-elect must appoint more than 6,000 new federal positions.[7] The appointments range from top officials at U.S. government agencies, to the White House Staff, and members of the United States diplomatic corps. Many, but not all, of these positions at the highest levels are appointed by the president with the advice and consent of the United States Senate.[8]

The president also nominates persons to fill federal judicial vacancies, including federal judges, such as members of the United States Courts of Appeals and the U.S. Supreme Court. These nominations require Senate confirmation, and this can provide a major stumbling block for presidents who wish to shape the federal judiciary in a particular ideological stance.

As head of the executive branch, the president appoints the top officials for all federal agencies. These positions are listed in the Plum Book which outlines more than seven thousand appointive positions in the government. Many of these appointments are made by the president. In the case of ten agencies, the president is free to appoint a new agency head. For example, it is not unusual for the CIA‘s Director or NASA‘s Administrator to be changed by the president. Other agencies that deal with federal regulation such as the Federal Reserve Board or the Securities and Exchange Commission have set terms that will often outlast presidential terms. For example, governors of the Federal Reserve serve for fourteen years to ensure agency independence. The president also appoints members to the boards of directors for government-owned corporations such as Amtrak. The president can also make a recess appointment if a position needs to be filled while Congress is not in session.[9]

In the past, presidents could appoint members of the United States civil service. This use of the spoils system allowed presidents to reward political supporters with jobs. Following the assassination of President James Garfield by Charles J. Guiteau, a disgruntled office seeker, Congress instituted a merit-based civil service in which positions are filled on a nonpartisan basis.[10] The Office of Personnel Management now oversees the staffing of 2.8 million federal jobs in the federal bureaucracy.

The president must also appoint his staff of aides, advisers, and assistants. These individuals are political appointments and are not subject to review by the Senate. All members of the staff serve “at the pleasure of the President“.[11][12] Since 1995, the president has been required to submit an annual report to Congress listing the name and salary of every employee of the White House Office. The 2011 report listed 454 employees.[13]

Executive clemency

Article II of the United States Constitution gives the president the power of clemency. The two most commonly used clemency powers are those of pardon and commutation. A pardon is an official forgiveness for an acknowledged crime. Once a pardon is issued, all punishment for the crime is waived. The person accepting the pardon must, however, acknowledge that the crime did take place.[14] The president can only grant pardons for federal offences.[15] The president maintains the Office of the Pardon Attorney in the U.S. Department of Justice to review all requests for pardons. The president can also commute a sentence which, in effect, changes the punishment to time served. While the guilty party may be released from custody or not have to serve out a prison term, all other punishments still apply.

Most pardons are issued as oversight of the judicial branch, especially in cases where the Federal Sentencing Guidelines are considered too severe. This power can check the legislative and judicial branches by altering punishment for crimes. Presidents can issue blanket amnesty to forgive entire groups of people. For example, President Jimmy Carter granted amnesty to Vietnam draft dodgers who had fled to Canada. Presidents can also issue temporary suspensions of prosecution or punishment in the form of respites. This power is most commonly used to delay federal sentences of execution.

Pardons can be controversial when they appear to be politically motivated. President George W. Bush commuted the sentence of White House staffer Lewis “Scooter” Libby.

Foreign affairs

Under the Constitution, the president is the federal official that is primarily responsible for the relations of the United States with foreign nations. The president appoints ambassadors, ministers, and consuls (subject to confirmation by the Senate) and receives foreign ambassadors and other public officials.[2] With the Secretary of State, the president manages all official contacts with foreign governments.

On occasion, the president may personally participate in summit conferences where heads of state meet for direct consultation.[16] For example, President Wilson led the American delegation to the Paris Peace Conference in 1919 after World War I; President Franklin D. Roosevelt met with Allied leaders during World War II; and every president sits down with world leaders to discuss economic and political issues and to reach agreements.

Through the Department of State and the Department of Defense, the president is responsible for the protection of Americans abroad and of foreign nationals in the United States. The president decides whether to recognize new nations and new governments,[17] and negotiate treaties with other nations, which become binding on the United States when approved by two-thirds of the Senate. The president may also negotiate executive agreements with foreign powers that are not subject to Senate confirmation.[18]

Emergency powers

The Constitution does not expressly grant the president additional powers in times of national emergency. However, many scholars think that the Framers implied these powers because the structural design of the Executive Branch enables it to act faster than the Legislative Branch. Because the Constitution remains silent on the issue, the courts cannot grant the Executive Branch these powers when it tries to wield them. The courts will only recognize a right of the Executive Branch to use emergency powers if Congress has granted such powers to the president.[19]

A claim of emergency powers was at the center of President Abraham Lincoln’s suspension of habeas corpus without Congressional approval in 1861. Lincoln claimed that the rebellion created an emergency that permitted him the extraordinary power of unilaterally suspending the writ. With Chief Justice Roger Taney sitting as judge, the Federal District Court of Maryland struck down the suspension in Ex Parte Merryman, although Lincoln ignored the order. [20]

President Franklin Delano Roosevelt similarly invoked emergency powers when he issued an order directing that all Japanese Americans residing on the West Coast be placed into internment camps during World War II. The U.S. Supreme Court upheld this order in Korematsu v. United States[21]

Harry Truman declared the use of emergency powers when he nationalized private steel mills that failed to produce steel because of a labor strike in 1952.[22] With the Korean War ongoing, Truman asserted that he could not wage war successfully if the economy failed to provide him with the material resources necessary to keep the troops well-equipped.[23] The U.S. Supreme Court, however, refused to accept that argument in Youngstown Sheet & Tube Co. v. Sawyer, voting 6-3 that neither Commander in Chief powers nor any claimed emergency powers gave the president the authority to unilaterally seize private property without Congressional legislation. [24]

Executive privilege

Executive privilege gives the president the ability to withhold information from the public, Congress, and the courts in national security and diplomatic affairs.[25] George Washington first claimed privilege when Congress requested to see Chief Justice John Jay‘s notes from an unpopular treaty negotiation with Great Britain. While not enshrined in the Constitution, Washington’s action created the precedent for privilege. When Richard Nixon tried to use executive privilege as a reason for not turning over subpoenaed audio tapes to a special prosecutor in the Watergate scandal, the Supreme Court ruled in United States v. Nixon that privilege was not absolute. The Court reasoned that the judiciary’s interest in the “fair administration of criminal justice” outweighed President Nixon’s interest in keeping the evidence secret.[26] Later President Bill Clinton lost in federal court when he tried to assert privilege in the Lewinsky affair. The Supreme Court affirmed this in Clinton v. Jones, which denied the use of privilege in cases of civil suits.[27]

Constraints on presidential power

Because of the vast array of presidential roles and responsibilities, coupled with a conspicuous presence on the national and international scene, political analysts have tended to place great emphasis on the president’s powers. Some have even spoken of “the imperial presidency“, referring to the expanded role of the office that Franklin D. Roosevelt maintained during his term.

President Theodore Roosevelt famously called the presidency a “bully pulpit” from which to raise issues nationally, for when a president raises an issue, it inevitably becomes subject to public debate. A president’s power and influence may be limited, but politically the president is certainly the most important power in Washington and, furthermore, is one of the most famous and influential of all Americans.

Though constrained by various other laws passed by Congress, the president’s executive branch conducts most foreign policy, and their power to order and direct troops as commander-in-chief is quite significant (the exact limits of what a president’s military powers without Congressional authorization are open to debate).

The Separation of Powers devised by the founding fathers was designed to do one primary thing: to prevent the majority from ruling with an iron fist. Based on their experience, the framers shied away from giving any branch of the new government too much power. The separation of powers provides a system of shared power known as “checks and balances”. For example, the President appoints judges and departmental secretaries, but these appointments must be approved by the Senate. The president can veto bills, or deny them. If he does that, the bill is sent back to Congress.

See also

References

 

Story 3: Will Trump’s Promised Middle Class Tax Cut Become Law? — Tax Cut Yes — Fundamental Tax Reform No — Videos

President Trump Delivers Incredible Tax Speech In PA

President Trump’s Major Speech on Tax Reform in Harrisburg, Pennsylvania 10/11/17

Trump vows largest tax cut in the history of this country

FULL President Trump Hannity Interview 10/11/17

Donald Trump: Simplify the Tax Code

Bill Gates: Don’t tax my income, tax my consumption

Wealth Inequality in America

The middle class is shrinking just about everywhere in America

There’s less middle in the middle class as income inequality grows, Pew analysis finds

The American dream is turned into poverty. Documentary 2017

 

FairTax

Freedom from the IRS! – FairTax Explained in Detail

Fair Tax Economics 2016 DO

Income Tax vs. Consumption Tax

Shattering The FairTax Evasion Myth (long version)

Pence on the Fair Tax

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

How will the FairTax affect CPA’s and Accountants?

FairTax: Fire Up Our Economic Engine (Official HD)

FairTax Composite

 

Trump to trucking: Tax reform a boon for carriers, drivers and industry at large

By James Jaillet

 

Trump promises big tax cuts, but GOP-led Congress is already thinking about scaling back

President Trump promised the largest tax cut in history, but as he hit the road Wednesday to promote the plan, Republicans in Congress were quietly discussing scaling back key provisions in an effort to deliver the top White House priority.

There’s already talk that the cornerstone of the GOP proposal — a dramatically reduced 20% corporate tax rate that Trump has called a “red line” — may slip to 22% or 23%, those familiar with negotiations said.

Trump had originally promised a 15% rate for corporations. But Republicans are running into resistance from lawmakers and lobbyists who want to preserve deductions and loopholes that were targeted for elimination under the White House plan to offset the massive corporate cut from the current 35% rate.

Some Republicans are also pushing back against other parts of the president’s plan, such as scrapping the estate tax for the rich and eliminating deductions for state and local taxes, which would hurt residents in high-tax states like California and New York.

At an evening rally in Harrisburg, Pa., Trump said the corporate rate would be “no more than 20%.” But earlier this week, he acknowledged that changes may lie ahead. “We’ll be adjusting a little bit over the next few weeks to make it even stronger,” he said.

Negotiators say changes will be needed if Republicans, who can afford to lose only two votes in the Senate and about 20 in the House if no Democrats join in support, hope to avoid another embarrassing defeat like the collapse of their Obamacare repeal plan.

Fiscally conservative Republicans will be the hardest to win over because the GOP tax plan has been estimated by some outside groups to add more than $2 trillion to the deficit over 10 years.

Republicans are racing to pass their tax overhaul by the end of the year, hoping to give the economy a boost and quiet complaints that they have accomplished little with the party’s hold on the White House and Congress.

Yet even as Trump and top Republicans, including House Speaker Paul D. Ryan (R-Wis.) and Vice President Mike Pence, talk up the tax plan in whistle-stop tours across the nation, it remains in flux, more of a concept than a proposal. Actual legislation remains weeks away.

“Everything is fluid right now,” said one business lobbyist, granted anonymity to discuss the private talks, adding that there are “realistic tensions” over the details.

Republicans are finding that their desire for lowering corporate and individual rates is running into the fiscal challenge of how to pay for the reductions without exacerbating the nation’s debt load.

They argue that tax cuts, even if deficit-financed, will spur economic growth and provide new revenue. But many economists question that theory, saying it hasn’t worked that way in the past.

In addition, Republicans — in order to take advantage of special budget rules that will allow them to pass the tax plan in the Senate with a simple majority — must find ways to offset some of the costs.

Every percentage-point reduction in the corporate rate reduces federal tax revenue by about $100 billion over 10 years. Slashing the corporate rate to 20% would cost about $1.5 trillion.

With lobbyists and lawmakers lining up to protect deductions and loopholes, tax bill drafters are having a tough time finding ways to cover the costs.

One main revenue source, the elimination of state and local tax deductions, could generate as much as $1.3 trillion over the decade. But talk of killing the deduction set off an outcry among high-tax state lawmakers in New York, New Jersey and California. Talks are now underway to restructure that proposal.

“As the swamp kicks in, they’re going to argue to keep all their special loopholes and deductions, and the more they get to keep, the less you can reduce the tax rate,” said Rep. Dave Brat (R-Va.). “There’s going to be tremendous pressure, but that’s why we have to hold the line on that.”

Corporate tax rates have been the focus throughout the process, as lawmakers try to bring the U.S. on par with the 35 developed nations in the Organization for Economic Cooperation and Development, which have an average rate of 22.5%. Many U.S. corporations, however, pay much less than 35% thanks to loopholes.

Lowering corporate rates has been a top priority for businesses. The Koch brothers-aligned Freedom Partners Chamber of Commerce released new ads Wednesday warning lawmakers against protecting favorite deductions.

In Harrisburg, Trump argued that corporate tax changes would benefit ordinary Americans, delivering as much as $4,000 per household. “You’re going to have so much money to spend,” he told the crowd.

The White House said changing the way foreign earnings are taxed — along with a one-time incentive to bring back some of the estimated $2.5 trillion U.S. companies have parked abroad — would result in $4,000 more for American workers over an eight-year period.

But experts doubted such a windfall would flow to workers and said the GOP’s planned changes to individual income tax rates would largely benefit the wealthiest Americans.

Mark Mazur, director of the Tax Policy Center, said he was “incredibly skeptical” of the White House’s $4,000 estimate, explaining that there are many reasons why wages have not kept up with the growth of corporate profits. He cited less powerful labor unions and competition from lower-wage workers abroad.

On Wednesday, Ryan outlined the schedule ahead during a closed-door meeting that left lawmakers expecting a House vote on a tax bill by Thanksgiving.

The Senate would follow if it clears a preliminary budget hurdle next week. Sen. Rand Paul (R-Ky.) has panned the tax proposal as benefiting the wealthy. And Trump’s recent personal attacks on Sen. Bob Corker (R-Tenn.) certainly won’t help win his vote. Even before Trump mocked him, Corker was concerned the tax plan would increase the deficit.

But even as Republicans pursue a largely partisan approach without Democratic input, some predicted Wednesday there would be no adjustments to the proposed 20% corporate rate, since that seemed to be a core area of agreement.

“That’s so locked and loaded that I just don’t see that changing,” said Rep. Chris Collins(R-N.Y.), a Trump ally.

Rep. Mark Meadows (R-N.C.), chairman of the conservative Freedom Caucus, said the 20% rate was “for sure. I have commitments.”

http://www.latimes.com/politics/la-na-pol-trump-congress-tax-cuts-20171011-story.html

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Shows 977-982

Listen To Pronk Pops Podcast or Download Shows 970-976

Listen To Pronk Pops Podcast or Download Shows 963-969

Listen To Pronk Pops Podcast or Download Shows 955-962

Listen To Pronk Pops Podcast or Download Shows 946-954

Listen To Pronk Pops Podcast or Download Shows 938-945

Listen To Pronk Pops Podcast or Download Shows 926-937

Listen To Pronk Pops Podcast or Download Shows 916-925

Listen To Pronk Pops Podcast or Download Shows 906-915

Listen To Pronk Pops Podcast or Download Shows 889-896

Listen To Pronk Pops Podcast or Download Shows 884-888

Listen To Pronk Pops Podcast or Download Shows 878-883

Listen To Pronk Pops Podcast or Download Shows 870-877

Listen To Pronk Pops Podcast or Download Shows 864-869

Listen To Pronk Pops Podcast or Download Shows 857-863

Listen To Pronk Pops Podcast or Download Shows 850-856

Listen To Pronk Pops Podcast or Download Shows 845-849

Listen To Pronk Pops Podcast or Download Shows 840-844

Listen To Pronk Pops Podcast or Download Shows 833-839

Listen To Pronk Pops Podcast or Download Shows 827-832

Listen To Pronk Pops Podcast or Download Shows 821-826

Listen To Pronk Pops Podcast or Download Shows 815-820

Listen To Pronk Pops Podcast or Download Shows 806-814

Listen To Pronk Pops Podcast or Download Shows 800-805

Listen To Pronk Pops Podcast or Download Shows 793-799

Listen To Pronk Pops Podcast or Download Shows 785-792

Listen To Pronk Pops Podcast or Download Shows 777-784

Listen To Pronk Pops Podcast or Download Shows 769-776

Listen To Pronk Pops Podcast or Download Shows 759-768

Listen To Pronk Pops Podcast or Download Shows 751-758

Listen To Pronk Pops Podcast or Download Shows 745-750

Listen To Pronk Pops Podcast or Download Shows 738-744

Listen To Pronk Pops Podcast or Download Shows 732-737

Listen To Pronk Pops Podcast or Download Shows 727-731

Listen To Pronk Pops Podcast or Download Shows 720-726

Listen To Pronk Pops Podcast or DownloadShows 713-719

Listen To Pronk Pops Podcast or DownloadShows 705-712

Listen To Pronk Pops Podcast or Download Shows 695-704

Listen To Pronk Pops Podcast or Download Shows 685-694

Listen To Pronk Pops Podcast or Download Shows 675-684

Listen To Pronk Pops Podcast or Download Shows 668-674

Listen To Pronk Pops Podcast or Download Shows 660-667

Listen To Pronk Pops Podcast or Download Shows 651-659

Listen To Pronk Pops Podcast or Download Shows 644-650

Listen To Pronk Pops Podcast or Download Shows 637-643

Listen To Pronk Pops Podcast or Download Shows 629-636

Listen To Pronk Pops Podcast or Download Shows 617-628

Listen To Pronk Pops Podcast or Download Shows 608-616

Listen To Pronk Pops Podcast or Download Shows 599-607

Listen To Pronk Pops Podcast or Download Shows 590-598

Listen To Pronk Pops Podcast or Download Shows 585- 589

Listen To Pronk Pops Podcast or Download Shows 575-584

Listen To Pronk Pops Podcast or Download Shows 565-574

Listen To Pronk Pops Podcast or Download Shows 556-564

Listen To Pronk Pops Podcast or Download Shows 546-555

Listen To Pronk Pops Podcast or Download Shows 538-545

Listen To Pronk Pops Podcast or Download Shows 532-537

Listen To Pronk Pops Podcast or Download Shows 526-531

Listen To Pronk Pops Podcast or Download Shows 519-525

Listen To Pronk Pops Podcast or Download Shows 510-518

Listen To Pronk Pops Podcast or Download Shows 500-509

Listen To Pronk Pops Podcast or Download Shows 490-499

Listen To Pronk Pops Podcast or Download Shows 480-489

Listen To Pronk Pops Podcast or Download Shows 473-479

Listen To Pronk Pops Podcast or Download Shows 464-472

Listen To Pronk Pops Podcast or Download Shows 455-463

Listen To Pronk Pops Podcast or Download Shows 447-454

Listen To Pronk Pops Podcast or Download Shows 439-446

Listen To Pronk Pops Podcast or Download Shows 431-438

Listen To Pronk Pops Podcast or Download Shows 422-430

Listen To Pronk Pops Podcast or Download Shows 414-421

Listen To Pronk Pops Podcast or Download Shows 408-413

Listen To Pronk Pops Podcast or Download Shows 400-407

Listen To Pronk Pops Podcast or Download Shows 391-399

Listen To Pronk Pops Podcast or Download Shows 383-390

Listen To Pronk Pops Podcast or Download Shows 376-382

Listen To Pronk Pops Podcast or Download Shows 369-375

Listen To Pronk Pops Podcast or Download Shows 360-368

Listen To Pronk Pops Podcast or Download Shows 354-359

Listen To Pronk Pops Podcast or Download Shows 346-353

Listen To Pronk Pops Podcast or Download Shows 338-345

Listen To Pronk Pops Podcast or Download Shows 328-337

Listen To Pronk Pops Podcast or Download Shows 319-327

Listen To Pronk Pops Podcast or Download Shows 307-318

Listen To Pronk Pops Podcast or Download Shows 296-306

Listen To Pronk Pops Podcast or Download Shows 287-295

Listen To Pronk Pops Podcast or Download Shows 277-286

Listen To Pronk Pops Podcast or Download Shows 264-276

Listen To Pronk Pops Podcast or Download Shows 250-263

Listen To Pronk Pops Podcast or Download Shows 236-249

Listen To Pronk Pops Podcast or Download Shows 222-235

Listen To Pronk Pops Podcast or Download Shows 211-221

Listen To Pronk Pops Podcast or Download Shows 202-210

Listen To Pronk Pops Podcast or Download Shows 194-201

Listen To Pronk Pops Podcast or Download Shows 184-193

Listen To Pronk Pops Podcast or Download Shows 174-183

Listen To Pronk Pops Podcast or Download Shows 165-173

Listen To Pronk Pops Podcast or Download Shows 158-164

Listen To Pronk Pops Podcast or Download Shows 151-157

Listen To Pronk Pops Podcast or Download Shows 143-150

Listen To Pronk Pops Podcast or Download Shows 135-142

Listen To Pronk Pops Podcast or Download Shows 131-134

Listen To Pronk Pops Podcast or Download Shows 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Show 93

Listen To Pronk Pops Podcast or Download Show 92

Listen To Pronk Pops Podcast or Download Show 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 1-9

Read Full Post | Make a Comment ( None so far )

The Pronk Pops Show 975, September 29, 2017, Part 3 of 3,  Story 1: The Tiny Timid Trump Tax Reform Resembles Liberal Democratic Party Proposals vs. Fair Tax Less Would Replace All Federal Taxes With A Single Consumption Tax On What You Buy Not What You Earn With A Generous Tax Prebate and Future Government Spending Limited To 90% of Fair Tax Less Revenues — Affordable, Effective, Efficient, Fair, Reasonable, Simple, and Transparent With Progressive Effective Rates Due To A Generous Monthly $1,000 Per Month or $12,000 Per Year Tax Prebate For All Adult American Citizens — American Friendly Not Revenue Neutral — Balanced Budgets With Real Spending Cuts and No More Budget Deficits — Booming Economy With Jobs, Jobs, and Jobs — The Time Is Now or Never For Fair Tax Less — Videos — Story 2: Secretary of Health and Human Resources Thomas Price Resigns and President Trump Accepts After Trump Outraged Over Use Expensive Private Chartered Jet Flight To Conduct Government Business — Don Wright to serve as acting secretary of the HHS — Videos —

Posted on September 30, 2017. Filed under: Addiction, Airlines, American History, Banking System, Blogroll, Breaking News, Budgetary Policy, Business, Cartoons, Comedy, Congress, Constitutional Law, Corruption, Countries, Crime, Culture, Defense Spending, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Education, Elections, Empires, Employment, First Amendment, Fiscal Policy, Foreign Policy, Former President Barack Obama, Fourth Amendment, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Hate Speech, Health, Health Care Insurance, History, House of Representatives, Housing, Human, Human Behavior, Illegal Immigration, Immigration, Independence, Insurance, Investments, Language, Law, Legal Immigration, Life, Lying, Media, Medicare, News, People, Philosophy, Photos, Politics, Polls, President Trump, Pro Life, Public Relations, Raymond Thomas Pronk, Scandals, Second Amendment, Security, Senate, Social Security, Spying, Tax Policy, Taxation, Taxes, Technology, Transportation, U.S. Dollar, United States Constitution, United States of America, Videos, Violence, Wall Street Journal, War, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 975, September 29, 2017

Pronk Pops Show 974, September 28, 2017

Pronk Pops Show 973, September 27, 2017

Pronk Pops Show 972, September 26, 2017

Pronk Pops Show 971, September 25, 2017

Pronk Pops Show 970, September 22, 2017

Pronk Pops Show 969, September 21, 2017

Pronk Pops Show 968, September 20, 2017

Pronk Pops Show 967, September 19, 2017

Pronk Pops Show 966, September 18, 2017

Pronk Pops Show 965, September 15, 2017

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, 2017

Image result for Donald Trump Plan Tax BracketsImage result for trump's tax frameworkImage result for fairtax

Image result for cartoon's trump's tax frameworkImage result for trump's tax framework

Image result for HHS secretary resigns tom price resigns

Image result for fairtax

Image result for trump's new tax plan compared with current tax system

Corporations paying fewer taxes

 

Part 3 of 3,  Story 1: The Tiny Timid Trump Tax Reform Resembles Liberal Democratic Party Proposals vs. Fair Tax Less Would Replace All Federal Taxes With A Single Consumption Tax On What You Buy Not What You Earn With A Generous Tax Prebate and Future Government Spending Limited To 90% of Fair Tax Less Revenues — Affordable, Effective, Efficient, Fair, Reasonable, Simple, and Transparent With Progressive Effective Rates Due To A Generous Monthly $1,000 Per Month or $12,000 Per Year Tax Prebate For All Adult American Citizens — American Friendly Not Revenue Neutral — Balanced Budgets With Real Spending Cuts and No More Budget Deficits — Booming Economy With Jobs, Jobs, and Jobs — The Time Is Now or Never For Fair Tax Less — Videos


The American People Want The FairTax and

The New Improved Version — Fair Tax Less

Demand Fair Tax Less From Your Elected Representatives and President Trump

FairTax: Fire Up Our Economic Engine (Official HD)

Image result for Fair Tax Replaces


Inside the GOP’s tax blueprint

Mulvaney: Impossible to say tax benefit to rich – NEWS TODAY

Mick Mulvaney defends Trump’s Puerto Rico response, tax plan