Donald Trump is no different than any other rhetorical president wannabe. He is placing the cart before the horse. The real workhorse in the American economy is the labor of the Middle Class. When the country wants to grow it's economy the tax cuts should be for the middle class, not corporations.
There is currently less than 5 percent unemployment. Leave it alone. What has to be addressed is the lagging income of the working poor.
In order to address the national debt there needs to be more taxes and not less. Cuts have been made for years now and the accumulation of debt still continues. In raising the wages of the middle there is an automatic increase in the US treasury to pay down the national debt. Raising taxes doesn't have to mean raising the percentage of taxes so much as increasing the pay rates of the middle class and let the taxes rise as their income increases.
August 10, 2016
The linchpin of Trump's plan (click here) is the slashing of various taxes on American individuals and corporations, a proposal he said would lead to the biggest tax reform since President Ronald Reagan in the 1980s. He would sharply reduce corporate tax to 15 per cent from the current 35 per cent, and set a 10 per cent tax on what he described as trillions of dollars that US businesses have "now parked overseas" but want to repatriate into the country. Personal income tax rates would be compressed from seven brackets to just three, with today's highest rate of 39.6 per cent shrinking to 33 per cent....
Corporate rates can remain the same because there is a high percentage of profits as reflected by stock prices and profit and loss. None of the American companies are in trouble as they were in 2008. The corporate rate is where it should be until there is a marked reduction in our national debt.
If a President wants to show willingness to decrease the national debt, there are ways of doing it without hurting the income into the US Treasury. Benchmarks can be noted that will automatically trigger a reduction in corporate debt rates. When a five percent of the national debt is achieved the corporate rate can automatically be dropped by 0.5 percent. When the national debt is reduced by 10 percent the corporate rate can be reduced by 1 percent, etc. This is a way to hold down frivolous spending by Congress as well. It is a way of telling Congress American taxpayers and their industries are doing their level best to pay down the national debt, so they can't simply continue to spend with high tax rates.
...Trump would immediately slap a moratorium on all federal agency regulations that he believes are needlessly killing jobs. He said he would "cut regulations massively". Already on the chopping block would be the Environmental Protection Agency's Clean Power Plan, which forces investment in renewable energy at the expense of coal and natural gas, and the Interior Department's moratorium on coal mining permits. He would also repeal President Barack Obama's landmark healthcare law....
This is nothing more than rhetoric. Every presidential candidate, since the time of Ronald Reagan, has promised to cut regulations. It is all rhetorical, impractical and unachievable.
There is regulation that is necessary. We have witnessed the insult to regulation with the Flint River poisoning of the city's residents. That should be a strong lesson to anyone running for office, Clean Air, Clean Water and containment of greenhouse gases is vital to the health of Americans.
It is easy to tell who is writing the economic proposals, too. The exploitative petroleum industry, namely Howard Hamm. AGAIN! He has no respect for life. Oklahoma has increasing seismic activity due to fracking and does Howard Hamm take responsibility? No, he pretends there is nothing wrong and only focuses on money.
...Trump is opposed to the proposed Trans-Pacific Partnership (TPP) backed by Obama and Republican congressional leaders. It was signed by his Administration and 11 other nations in 2015, but, hit a snag in Congress. He wants to abolish the North American Free Trade Agreement (NAFTA) with Canada and Mexico that was signed into law in 1994, describing it as a pact that has "shipped your jobs to Mexico and other countries."...
I agree.
CAFTA is another thing called "free trade." It was nothing but a crony give away by Marko Rubio.
...Trump reiterated his support for strengthened protections against currency manipulation that allow other countries to "cheat by unfairly subsidising their goods". China, warned Trump, "is responsible for nearly half of our entire trade deficit". He said he would go after Beijing for its "rampant" theft of intellectual property, its dumping of Chinese products on the US market and currency manipulation....
Something has to be done. China impacted the economy and Wall Street when it manipulated it's currency as The Fed was preparing to raise interest on money for the first time in eight years. There needs to be a method of mitigating losses and I am thinking of a proposal to the WTO.
When a country impacts the economies globally and the financial markets there needs to be a place where complaints are filed to regain a significant proportion of the losses due to currency manipulation.
But, something needs to be done. It needs to be addressed at the global level like that of the WTO, but, domestically Congress can still write and pass a financial law that would provide impacts to Chinese imports with monies from the import tax levy to aid companies effected.
Trump called for an "energy revolution", starting with cancellation of Obama's climate plan and the Paris Climate Agreement, and a halt of US payments to UN global warming programmes. He would also expand offshore drilling, increase natural gas production, and reverse what he called Obama's "war on coal". He would call on Canadian firm TransCanada to renew its permit application for building Keystone XL, the crude oil pipeline between Canada and US oil refineries rejected by the Obama Administration last year.
Rhetoric. The climate crisis is real. The revolution surrounding the climate crisis has been postponed for five decades, it doesn't need to be postponed any longer. There are record droughts in a world where hunger and famine were already a problem.
The Republicans like to point to the initiative of teaching people to farm to insure their food supply. That is interesting, but, it doesn't work if there is no rain to grow the crops people have learned to grow.
We have witnessed unprecedented events on Earth that validates this climate as the most dangerous in human history. The drought and war torn lands from battles for water caused requests of the "Svalbard Global Seed Vault."
There is far too much evidence pointing to a deteriorating Earth from the accumulation of greenhouse gases.
It is not nor has been time to entertain expanding the use of fossil fuels. It is time to let the old ways pass into history.
The Syrian war began when farmers no longer had land capable of growing crops. The Syrian war is a water war.
Sure the "Svalbard Global Seed Vault" is covered with snow. Gratefully, it is covered with snow. It was designed that way. If there was no snow the vault could lose it's purpose and all the seeds inside might become spoiled and unusable.
We have to solve the climate crisis and soon. The fact the USA has some of the most densest carbon dioxide and METHANE in the world should be an alarm to create concern in the country and with voters to begin a new era of alternative energy sources and modernized transportation.
There is currently less than 5 percent unemployment. Leave it alone. What has to be addressed is the lagging income of the working poor.
In order to address the national debt there needs to be more taxes and not less. Cuts have been made for years now and the accumulation of debt still continues. In raising the wages of the middle there is an automatic increase in the US treasury to pay down the national debt. Raising taxes doesn't have to mean raising the percentage of taxes so much as increasing the pay rates of the middle class and let the taxes rise as their income increases.
August 10, 2016
The linchpin of Trump's plan (click here) is the slashing of various taxes on American individuals and corporations, a proposal he said would lead to the biggest tax reform since President Ronald Reagan in the 1980s. He would sharply reduce corporate tax to 15 per cent from the current 35 per cent, and set a 10 per cent tax on what he described as trillions of dollars that US businesses have "now parked overseas" but want to repatriate into the country. Personal income tax rates would be compressed from seven brackets to just three, with today's highest rate of 39.6 per cent shrinking to 33 per cent....
Corporate rates can remain the same because there is a high percentage of profits as reflected by stock prices and profit and loss. None of the American companies are in trouble as they were in 2008. The corporate rate is where it should be until there is a marked reduction in our national debt.
If a President wants to show willingness to decrease the national debt, there are ways of doing it without hurting the income into the US Treasury. Benchmarks can be noted that will automatically trigger a reduction in corporate debt rates. When a five percent of the national debt is achieved the corporate rate can automatically be dropped by 0.5 percent. When the national debt is reduced by 10 percent the corporate rate can be reduced by 1 percent, etc. This is a way to hold down frivolous spending by Congress as well. It is a way of telling Congress American taxpayers and their industries are doing their level best to pay down the national debt, so they can't simply continue to spend with high tax rates.
...Trump would immediately slap a moratorium on all federal agency regulations that he believes are needlessly killing jobs. He said he would "cut regulations massively". Already on the chopping block would be the Environmental Protection Agency's Clean Power Plan, which forces investment in renewable energy at the expense of coal and natural gas, and the Interior Department's moratorium on coal mining permits. He would also repeal President Barack Obama's landmark healthcare law....
This is nothing more than rhetoric. Every presidential candidate, since the time of Ronald Reagan, has promised to cut regulations. It is all rhetorical, impractical and unachievable.
There is regulation that is necessary. We have witnessed the insult to regulation with the Flint River poisoning of the city's residents. That should be a strong lesson to anyone running for office, Clean Air, Clean Water and containment of greenhouse gases is vital to the health of Americans.
It is easy to tell who is writing the economic proposals, too. The exploitative petroleum industry, namely Howard Hamm. AGAIN! He has no respect for life. Oklahoma has increasing seismic activity due to fracking and does Howard Hamm take responsibility? No, he pretends there is nothing wrong and only focuses on money.
...Trump is opposed to the proposed Trans-Pacific Partnership (TPP) backed by Obama and Republican congressional leaders. It was signed by his Administration and 11 other nations in 2015, but, hit a snag in Congress. He wants to abolish the North American Free Trade Agreement (NAFTA) with Canada and Mexico that was signed into law in 1994, describing it as a pact that has "shipped your jobs to Mexico and other countries."...
I agree.
CAFTA is another thing called "free trade." It was nothing but a crony give away by Marko Rubio.
...Trump reiterated his support for strengthened protections against currency manipulation that allow other countries to "cheat by unfairly subsidising their goods". China, warned Trump, "is responsible for nearly half of our entire trade deficit". He said he would go after Beijing for its "rampant" theft of intellectual property, its dumping of Chinese products on the US market and currency manipulation....
Something has to be done. China impacted the economy and Wall Street when it manipulated it's currency as The Fed was preparing to raise interest on money for the first time in eight years. There needs to be a method of mitigating losses and I am thinking of a proposal to the WTO.
When a country impacts the economies globally and the financial markets there needs to be a place where complaints are filed to regain a significant proportion of the losses due to currency manipulation.
But, something needs to be done. It needs to be addressed at the global level like that of the WTO, but, domestically Congress can still write and pass a financial law that would provide impacts to Chinese imports with monies from the import tax levy to aid companies effected.
Trump called for an "energy revolution", starting with cancellation of Obama's climate plan and the Paris Climate Agreement, and a halt of US payments to UN global warming programmes. He would also expand offshore drilling, increase natural gas production, and reverse what he called Obama's "war on coal". He would call on Canadian firm TransCanada to renew its permit application for building Keystone XL, the crude oil pipeline between Canada and US oil refineries rejected by the Obama Administration last year.
Rhetoric. The climate crisis is real. The revolution surrounding the climate crisis has been postponed for five decades, it doesn't need to be postponed any longer. There are record droughts in a world where hunger and famine were already a problem.
The Republicans like to point to the initiative of teaching people to farm to insure their food supply. That is interesting, but, it doesn't work if there is no rain to grow the crops people have learned to grow.
There is far too much evidence pointing to a deteriorating Earth from the accumulation of greenhouse gases.
It is not nor has been time to entertain expanding the use of fossil fuels. It is time to let the old ways pass into history.
The Syrian war began when farmers no longer had land capable of growing crops. The Syrian war is a water war.
Sure the "Svalbard Global Seed Vault" is covered with snow. Gratefully, it is covered with snow. It was designed that way. If there was no snow the vault could lose it's purpose and all the seeds inside might become spoiled and unusable.
We have to solve the climate crisis and soon. The fact the USA has some of the most densest carbon dioxide and METHANE in the world should be an alarm to create concern in the country and with voters to begin a new era of alternative energy sources and modernized transportation.
