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Sat. Sept.2, 2017
~All Gave Some~Some Gave All~ God Bless America~
FYI...BLS... Americans Spend More on Taxes Than Food and Clothing Combined
White House: Donald Trump Donating $1 Million to Hurricane Harvey Victims
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President Donald Trump plans to donate a million dollars to victims of Hurricane Harvey, according to the White House.
“He would like to join in the efforts that a lot of the people that we’ve seen across this country do and he’s pledging $1 million of personal money to the fund,” White House Press Secretary Sarah Sanders told reporters on Thursday.
The money will come from his personal funds, Sanders confirmed, not from the Trump organization.
When asked what group he would donate the money to, Sanders asked the press for a recommendation.
“He’s actually asked that I check with the folks in this room since you are very good at research and have been doing a lot of reporting into the groups and organizations that are best and most effective,” she said.
Sanders also confirmed that Trump is planning to return to Texas for another visit of the damage from the storm, likely traveling to Houston to witness the flooding.
Melania Makes 7 Word Promise to Harvey Victims, Completely Humiliates Michelle
BY MARTIN LIOLL
In the wake of Hurricane Harvey, Melania Trump gave a seven-word promise to the people of Texas that she won’t just give them words, but action, in order to alleviate the suffering faced by those who are in the hurricane’s path.
Words, not action — that’s something we haven’t seen for a while out of a first lady.
In a Tuesday press release from the White House’s Office of the First Lady, Trump offered her sympathy and support to those affected by the tragedy.
“The effects of Hurricane Harvey will be felt in Texas, Louisiana, and other parts of the country for many months and years to come,” the statement read. “So far, 1.7 million people are under orders to evacuate their homes, and, as the floodwater in Houston rises, sadly, so will the number of evacuees.
“I want to be able to offer my help and support in the most productive way possible, not through just words, but also action,” she continued. “What I found to be the most profound during the visit was not only the strength and resilience of the people of Texas, but the compassion and sense of community that has taken over the State. My thoughts and prayers continue to be with the people of Texas and Louisiana.”
Now, of course, what did the media focus on when it came to Melania’s response to the hurricane? The fact that she wore heels: “When is a shoe not just a shoe?” wrote Vanessa Friedman in The New York Times. “When it is a pair of very high, needle-thin heels worn by the first lady of the United States on her way to the site of a natural disaster. Then it becomes a symbol for what many see as the disconnect between the Trump administration and reality; another example of the way in which this president and his family continue to define ‘appropriate’ their own way; and an excuse for partisan name-calling.”
If you cut out everything aside from “an excuse for partisan name-calling,” you’d have something accurate. However, since we’re going to be partisan, let’s look at the fact that Melania Trump is promising action to make this country better, as opposed to the words Michelle Obama gave us.
Michelle said she would fix our nation’s school lunches; she gave our children slop. She said she wanted to end division in America while talking about how, after her husband was nominated, “for the first time in my adult life I am proud of my country because it feels like hope is finally making a comeback.” Words, undone by actions — and more words.
Melania’s promising action — and what a difference that is.
Global Warming Hoax Exposed: Australia Weather Bureau Tampered With Climate Numbers
Wouldn't "honest mistakes" result in an equal number of false warming and cooling readings? And yet, these "honest mistakes" always seem to show the planet is warming. Odd that.
BY JOHN NOLTEThe Daily Caller reports that for the second time in a just a few years the Bureau of Meteorology (BOM) in Australia has been caught red-handed tampering with climate temperatures as a means to make a "slight cooling trend to one of 'dramatic warming' over the past century."
Back in August of 2014 the Australian BOM claimed that there was no bad faith behind the decision to "modify the physical temperature records that had been recorded at weather stations across the country.” Nevertheless, the effect, according to Dr. Jennifer Marohasy, who holds a PhD in biology, was a “dramatic change in temperature trend towards warming after homogenisation.”
"Homogenization" is the process that allows climate scientists to correct for anomalies in raw temperature data. How there can be anomalies in raw data is beyond me.
This latest scandal is even more serious, one in which the BOM has been forced to admit that incorrect temperatures were logged. Naturally, the agency is blaming faulty equipment but Marhosasy is pushing back. According to the Daily Caller she told reporters that the BOM's claims of faulty equipment "are nearly impossible to believe given that there are screen shots that show the very low temperatures before being 'quality assured' out."
One meteorologist reported watching the BOM data change in real time. Colder temperatures, or temperatures inconvenient to the theory that our planet is warming, either disappeared entirely or were "homogenized" into a warmer temperature.
Apparently "faulty equipment" turned a temperature recorded elsewhere at 5.54 degrees into 13 degrees.
There is simply no question anymore that Global Warming or Climate Change — or whatever these luddites are calling it today — is a massive fraud.
Why do the people and institutions like CNN, those who tell us the flooding of Manhattan is imminent, remain in Manhattan, or in CNN's case, invest billions of dollars just blocks away from the "endangered coast"?
Why do these supposedly innocent temperature adjustments always, Always, ALWAYS show the planet is warming. If these were legitimately honest mistakes as opposed to outright tampering, every once in a while wouldn't that mistake result in a mistaken temperature reading that was, you know, lower?
Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.
Mnuchin: We Have a ‘Very Detailed’ Tax Plan Ready, Trump Will Sign the Bill ‘This Year’
Watch CNBC's full interview with Treasury Secretary Steve Mnuchin from CNBC BY PAM KEY
Thursday in an interview with CNBC, Treasury Secretary Steven Mnuchin said the Trump administration had a “very detailed” tax plan ready and it expected Congress would “get this to the president to sign this year.”Mnuchin said, “The House and the Senate are now socializing the plan with their members. We’re going to release a blueprint, it’s going to go to committee, and we’re going to turn this into a bill that the president will sign.”
He added, “It’s going to go through a process, and we expect the House and the Senate will get this to the president to sign this year, and we couldn’t be more excited about the progress we’ve made.”
Follow Pam Key on Twitter @pamkeyNEN
PICTURES: Meet The Wonderful Antifa Members Arrested In Berkeley
Quite the lineup
By ROBERT KRAYCHI
Quite the lineup
By ROBERT KRAYCHI
The Berkeley Police Department released mugshots of 11 of the 13 persons arrested during Sunday’s violent political riots. Charges include assault with a deadly weapon, felony assault, and violations of the Berkeley Municipal Code.
Sunday saw approximately 4,000 leftists shut down a “No to Marxism” rally; the protest included Antifa agitators who took over Martin Luther King Jr. park near the University of California Berkeley Campus
One officer was injured while making an arrest and several others were struck with paint.
Mugshots for 11 of the 13 arrested persons are below:
Sunday saw approximately 4,000 leftists shut down a “No to Marxism” rally; the protest included Antifa agitators who took over Martin Luther King Jr. park near the University of California Berkeley Campus
One officer was injured while making an arrest and several others were struck with paint.
Mugshots for 11 of the 13 arrested persons are below:
Row 1 (L-R) Brittany Mooreman, Emily Gillespie, Harlan Paknau. Row 2 (L-R) James Dominic, Joshua Phillips, Kristopher Wyrick, Levi Smith. Row 3 (L-R) Rachael Lea Moore, Sean Hines, Seth Vasquez, Yesenia Mendez. (Alameda County Sheriff)The names, ages, and places of residence for the 13 arrestees are as follows. The average age of Berkeley arrestees is 30.
Seth Vasquez, 25-year-old male from Berkeley. Mark Misohink, 23-year-old male from Berkeley. James Dominic, 23-year-old male from Oakland. Kristopher Wyrick, 39-year-old male from Alpine. Harlan Pankau, 38-year-old male from Jamul. Levi Smith, 32-year-old male from Sparks, NV. Sean Hines, 20-year-old male from Santa Rosa. Brittany Moorman, 26-year-old female from Oakland. Yesenia Mandez, 22-year-old female (unknown city). Emily Gillespie, 24-year-old female from Berkeley. Sean Dougan, 47-year-old male from Portland, OR. Rachel Moore, 40-year-old female from Oakland. Joshua Phillips, 26-year-old male from Oakland.
Trump Tax Plan Will Include Mandatory Repatriation of Overseas Profits
by JOHN CARNEY
The Republican tax overhaul plan currently under construction in the White House and Capitol Hill includes a mandatory tax on the overseas earnings accumulated by U.S. corporations, according to three people briefed on the plan.
In his Missouri speech, Donald Trump singled out tax rules that encourage American companies to keep profits earned around the globe in the accounts of their foreign subsidiaries.
“By making it less punitive for companies to bring back this money, and by making the process far less bureaucratic and difficult, we can return trillions and trillions of dollars to our economy and spur billions of dollars in new investments in our struggling communities throughout our nation,” Trump said.
While many heard this as a call for a temporary tax holiday for overseas cash similar to one adopted during the Bush administration, sources briefed on the current plan–which is still being finalized–say the Trump plan will include an important and novel feature: the tax holiday will be mandatory.
Officially, the U.S. taxes multinational companies based in the U.S. on their earnings worldwide. When companies pay a lower tax on earnings abroad, they incur a tax liability for the difference between the foreign tax and the U.S. tax rate, which is the highest in the developed world. But because the taxes on foreign earnings do not come due until the profits are handed over to the U.S. parent company, an event known as repatriation, many large U.S. companies choose to leave the income in the foreign subsidiaries.
In popular jargon, this money is hoarded or “stashed abroad.” In reality, however, much of it is in U.S. bank accounts or invested in U.S. securities, including U.S. Treasury bonds. But because it has not been transferred to the parent company, it is considered to be held overseas as an accounting matter. This means it cannot be invested in the U.S. or used to pay dividends or buyback shares.
In an effort to encourage companies to repatriate these funds, Congress adopted a temporary tax holiday in 2004. Companies were offered a chance to repatriate funds under a 5.25 percent tax rate, much lower than the normal 35 percent corporate rate, subject to certain limitations and exceptions. Some 834 companies decided to take advantage of the holiday, bringing home more than $300 billion in profits.
Despite this, the Bush era program is now widely deemed to be a failure. Despite rules that attempted to discourage companies from using repatriated funds to buy back stocks, studies have shown that much of the repatriated funds were used for just this purpose. What’s more, critics say the move encouraged companies to keep profits earned after the holiday overseas in anticipation of a future tax holiday.
The plan currently under development differs because it would deem all foreign profits to have been repatriated, in effect removing the tax deferral for overseas profits. The deemed repatriated profits, however, would be subject to a preferential “transition” rate and would be payable over a number of years. This would raise revenues for several years as companies paid down the new tax liability, helping “pay for” lower corporate rates.
Those familiar with the plan say Treasury Secretary Steve Mnuchin hinted at the deemed redemption aspect in an interview Thursday with Steve Liesman of CNBC.
“We have one of the highest rates in the world. We have this concept of worldwide but with deferral. So it encourages companies to move their business offshore and keep their profits off shore,” Mnuchin said.
The deemed redemption tax can be seen as a way of “wiping the slate clean,” one person familiar with the matter said. It could be a step toward moving toward a territorial tax system, in which U.S. companies are no longer taxed by the U.S. government for profits overseas, although the complexity of moving to “territoriality” is still causing headaches by those developing the tax plan, the person said.
“What is most important is that we end up with a competitive rate and that we end up with a territorial system and that’s what we heard from literally hundreds and hundres of business people,” Mnuchin told CNBC.
The revenue-raising aspect of the “mandatory holiday” is one of the things that makes it particularly attractive, according to a person familiar with the matter. Although over the long-term, lower corporate tax rates would likely mean lower revenue, a ten-year repatriation window would likely be scored by congressional budget watchers as increasing revenues over the next ten years.
The longer time period would also give corporations more time to strategically deploy the profits, lower the incentive to use them for short-term financial engineering in the form of dividends and buybacks, one person said.
Proponents in the administration point out that coupling the repatriation holiday with a lower corporate rate should dampen the incentives for companies to once again start accumulating foreign profits in anticipation of a future holiday.
People briefed on the matter stressed that the plan is still a work-in-progress and might change significantly in the coming weeks as it gets “socialized”–meaning discussed with members of Congress.
G’ day…Ciao…
Helen and Moe Lauzier
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