Blog

11 Mar
0

The Radicalism of Joe Biden

Charles Fain Lehman – MARCH 11, 2020 5:00 AM / The Washington Free Beacon

Joe Biden’s astonishing reversal of electoral fortune, which culminated Tuesday in primary victories in Michigan, Missouri, and Mississippi, has depended on his reputation as the “moderate” choice for Democrats.

That reputation comes by way of comparison to opponents like self-identified democratic socialist Sen. Bernie Sanders (I., Vt.), who has promised an enormous, unfundable expansion of the federal government. Moderate compared to Sanders, however, is not moderate per se. A closer look at Biden’s platform reveals that by comparison to past Democratic nominees, and to his own past views, Biden is far from “moderation.”

Rather, Joe Biden’s seeming moderation only reflects the standards of an increasingly radical Democratic Party. As the former vice president closes in on the nomination and prepares for a general election, the left turn he has taken in the primary may make it more difficult for him to defeat President Donald Trump.

Read the full article.

Photo from Getty Images.

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11 Mar
1

Biden Curses Out Autoworker

Paul Crookston and Stephen Gutowski – MARCH 10, 2020 12:15 PM / The Washington Free Beacon

Former vice president Joe Biden told a Michigan autoworker who asked him about his gun-control policies that he was “full of s—t” and “a horse’s ass.”

“You’re full of s—t,” Biden said to a worker in a hardhat during a Tuesday morning visit to a Fiat Chrysler assembly plant, according to video posted on Twitter by CBS News’s Bo Erickson. The pro-gun worker seemed to be trying to ask Biden about his call to “institute a national buyback program” for so-called assault weapons.

Read the full article and watch the video.

Photo from Rick Wilking/Reuters.

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09 Mar
0

Well-known FATCA opponent Mark Meadows is Trump’s new chief of staff

Congratulations to Congressman Mark Meadows who is named as President Trump’s new Chief of Staff. 9 million overseas Americans now have a friend in the White House who not only sponsored a House #FATCA repeal bill but also held a House FATCA hearing for them.


Mark Meadows, a Republican Party stalwart who introduced a bill aimed at repealing key elements of the Foreign Account Tax Compliance Act (FATCA) in September, 2016, has been named to replace Mick Mulvaney as chief of staff in President Trump’s administration. 

The news was immediately greeted by Republican expatriates as a sign that their voices might be heard more clearly by Republican policy-makers in the lead-up to this November’s presidential election. 

Meadows, who represented North Carolina in the House of Representatives, had announced that he would not run for re-election to his seat. He will become Trump’s fourth chief of staff in 38 months, the most that any U.S. president has had in such a short time, according to U.S. press reports. 

Read the full article at The American Expat Financial Journal.

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09 Mar
0

The Trump Economy Benefits Historically-Disadvantaged Americans

February 20, 2020 / Read the original at: White House Articles

The U.S. labor market is the strongest it has been in the last half century, as President Trump’s pro-growth economic policies continue boosting labor demand and lowering structural barriers to entering the labor market. Economic data presented in the 2020 Economic Report of the President, which was released today, show that recent labor market gains disproportionately benefit Americans who were previously left behind.

Since the 2016 election, the economy has added 7 million jobs, far exceeding the 2.0 million predicted by the Congressional Budget Office in its final pre-2016 election forecast. Under the Trump Administration, and for the first time on record, there are more job openings than unemployed people. In 2019, the U.S. unemployment rate has reached 3.5 percent, the lowest rate in five decades. Falling unemployment reduced the share of the population on unemployment insurance to the lowest level since recording began in 1967. Importantly, the African American unemployment rate has hit the lowest level on record, and series lows have also been matched or achieved for Asian Americans, Hispanic Americans, American Indians or Alaskan Natives, veterans, those without a high school degree, and persons with disabilities, among others.

Record-low unemployment rates are being set even as people are coming off the labor market’s sidelines. At the end of 2019, nearly three-quarters of people entering employment came from out of the labor force—the highest rate on record. And the prime-age labor force is growing under President Trump (+2.2 million), reversing losses under the prior administration’s expansion period (-1.5 million).

The Trump Administration’s policies are not only leading to more jobs but also to higher pay. While nominal wage growth for all private-sector workers has been at or above 3 percent for a year and a half, wage growth for many historically-disadvantaged groups is now higher than wage growth for more historically-advantaged groups—reversing trends observed over the Obama Administration’s expansion period, as shown in the figure below.

The benefits of a strong labor market are widespread. Net worth held by the bottom 50 percent of households has increased by 47 percent under President Trump—more than three times the rate of increase for the top 1 percent of households. To put these gains into perspective, the growth in wealth for the bottom half of households under the Trump Administration is roughly three times the Federal spending on Supplemental Nutrition Assistance Program (SNAP or food stamps) from 2017 through 2019.

Additionally, by promoting economic freedom, major deregulatory actions under the Trump Administration will further increase household incomes and lower inequality. Because of regulatory reform, the average American family will save $3,100 a year once recent reforms are fully in effect.

Rather than overregulating, the Trump Administration supports private-sector innovation and investment in the energy sector, which leads to tangible benefits for all Americans. For example, gains in shale drilling productivity have led to lower prices for natural gas, gasoline, electricity, and oil—saving the average American family of four $2,500 a year. Notably, shale-driven savings represent a much larger percentage of income for the poorest fifth of households (6.8 percent) than for the richest fifth (1.3 percent). This is the case with most instances of deregulation. For example, savings from deregulation of prescription drugs and internet access as a share of household income are eight times greater for the bottom fifth of households than for the top fifth.

A booming job market and more money in Americans’ pockets continue pulling people out of poverty and off means-tested welfare programs. Over the first two years of the Trump Administration, the number of people living in poverty decreased by about 2.5 million—including nearly 1 million children of single mothers—and the poverty rates for African Americans and Hispanic Americans are at record lows. Food insecurity has fallen, and there are nearly 7 million fewer people participating in SNAP than there were at the time of the 2016 election. The caseload for TANF has fallen by more than 900,000 individuals, and the number of individuals on Social Security Disability Insurance has fallen by almost 400,000 since the 2016 election. Similarly, Medicaid & CHIP enrollment reported by States is down by 3 million.

There are still barriers that prevent lower-income workers from realizing the full benefits of the strong labor market. The Trump Administration is reducing these barriers to both labor demand and supply by incentivizing private investment in disadvantaged areas through Opportunity Zones, making housing more affordable, and combatting the opioid crisis. Successful reforms in these areas will grow the economy by ensuring that all American households can benefit from strong, sustained economic growth.

Contrary to the discredited narrative that the Trump economy only benefits the rich, economic evidence confirms that the President’s policies allow historically-disadvantaged Americans to lift up themselves and their families. In other words, today’s economy is proof that pro-growth policies are the best way to deliver inclusive growth to Americans of all backgrounds.

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05 Mar
0

Trump’s Super Tuesday results: Broad appeal beyond a united GOP

BY KAYLEIGH MCENANY, OPINION CONTRIBUTOR — 03/04/20 12:15 PM EST

While some in the media spent much of Super Tuesday reveling in Joe Biden’s awakening from political death, they entirely missed the untold story of Super Tuesday: President Donald Trump’s record-breaking vote counts and turnout. 

Despite being an uncontested incumbent, President Trump managed to break several turnout and vote-count records in blue states and key swing states. 

In Vermont and Minnesota, Trump’s vote totals beat every past incumbent’s total in the last four decades. In Maine, the president’s vote total bested every primary candidate’s total since before President Ronald Reagan. In Massachusetts, the story was similar, with Trump aggregating a higher vote total than past incumbent Republicans since before Reagan. 

And in deeply blue California, with 82 percent of precincts reporting, President Trump collected nearly 1.4 million votes.

Read more at The Hill.

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02 Mar
0

Kerry Reddington (RO – Germany) spreading awareness of CBT & FATCA at CPAC 2020

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02 Mar
0

Bernie Sanders wants another new tax

WASHINGTON—Sen. Bernie Sanders (I., Vt.) would sharply curb the tax benefits of executives’ retirement plans and require earlier taxation of stock options in a proposal that could dramatically alter compensation at major U.S. companies. Read more below.

https://www.wsj.com/articles/bernie-sanders-aims-new-tax-hike-at-executive-retirement-plans-11582815616

Image Caption from WSJ: Candidates questioned whether Bernie Sanders could beat President Trump in a general election during the Democratic presidential debate in South Carolina. Photo: Win McNamee/Getty Images

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20 Feb
0

Democrat Debate Feb. 19, 2020

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16 Feb
0

Bernie/AOC platform: make America poor & miserable

Probably the best summary of the Bernie / AOC platform: make Americans equally poor and miserable, while helping Russia, Saudi Arabia, and maybe even Venezuela return to their glory days.

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30 Apr
0

What FATCA Architect Elise Bean doesn’t understand about FATCA

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