by Pamela Williams
First of all, I blame Paul Ryan for hindering President Trump’s most valiant efforts to truly help the American people. I am speaking of Trump’s policy changes on ObamaCare and tax cuts for the American people. These things would help the American people more than anything Trump could do.
Matt Drudge took to Twitter to blast Congress for hanging the new president “out to dry” by failing to move on ObamaCare and other agenda items. Drudge included a photo of House Speaker Paul Ryan (R-WI) in the tweets.
Drudge tweeted: “Congress hanging The Donald out to dry. Making him do everything alone! Despicable. No tax cuts, no Obamacare repeal. NOTHING,” Drudge, a Trump supporter, said on Twitter.
Trump has been president for just over a full week and has signed a raft of executive orders and actions to implement some of the policies he campaigned on. But some of his campaign promises, like repealing Obamacare and big tax cuts, require action from Congress. However, Congress is simply not addressing them. The American people are very anxious to see progress, but it is usual for our politicians not to care.
Senator Rand Paul is a good man, and he is furious with Congress, and he is letting them have it.
This week, Sen. Rand Paul (my former boss, it should be pointed out) stormed out of a meeting with Speaker of the House Paul Ryan when he heard talk of keeping Obamacare’s Medicaid expansion intact and creating tax credits. Paul worried these tax credits would be a Republican-created entitlement program.
Unfortunately, the leadership and establishment in the Republican party is incompetent. When you compare the accomplishments of President Barack Obama at the same point in his presidency as President Donald Trump, it shows that Republicans are not doing their job.
Lets get back to Paul Ryan.
The Republican Party has been organized around the goal of reducing taxes for the affluent for more than a quarter-century. The last time Republicans had full control of government, they poured their energy into passing huge, regressive tax cuts, first in 2001 and again in 2003. The return of Republican government makes it virtually certain that regressive tax cuts will pass again — the new majority can imagine no more compelling use of their power. But the task of enacting the tax cuts into law is proving to be more difficult than it was the last time around.
The basic House Republican plan is to cut taxes by about $3 trillion over a decade. Basically the entire proceeds of their plan would go to the rich — once it’s fully phased in, the highest-earning one percent would get 99.6 percent of the benefit, according to the Tax Policy Center’s analysis of the plan last fall. Republicans will surely tweak that plan, but it contains all the elements of the ideas they have been longing to enact: reducing the top tax rate, eliminating the tax on inheritances worth more than $10 million, reducing taxes on capital, and so on. The drive to cut these taxes reflects the party’s deep beliefs that overtaxation of the rich is the most serious form of oppression in modern political life, and they are prepared to spend enormous political capital to rectify this evil.
There is essentially no dissent within the Washington Republican Party — including both Congress or the White House — on this overarching goal. The difficulty lies in the practical implementation. Republicans are struggling because they want to avoid replicating what turned out to be the fatal weakness of the Bush tax cuts. Republicans know that they won’t get Democratic support for a big tax cut for the rich, and since Democrats have 48 Senate votes, well more than the 41 needed to sustain a filibuster, Republicans need to pass their tax cuts in a bill that can evade a filibuster. The only kind of bill that can do this is a budget-reconciliation bill. But budget-reconciliation bills have certain restrictions on their design, called “the Byrd Rule.” One of those restrictions is that they cannot increase the budget deficit outside of the ten-year period after which they are passed. A reconciliation bill can increase deficits in the short run, but if it has any costs after a decade, it can be filibustered, and is therefore useless for Republican purposes.
In 2001, Republicans dealt with this problem by simply ending their tax cuts after ten years. The Bush tax cuts had no budget costs after the ten-year window because the tax cuts disappeared. They hoped the tax cuts would attract enough political support that they would automatically be extended, but this never happened. The Bush tax cuts produced an anemic recovery, not the robust growth Republicans promised, and the Democratic Party coalesced around plans to eliminate the portion of the tax cuts that benefited only the highest earners (while keeping intact the tax cuts that also benefited the middle class). Since the tax cuts expired automatically, Democrats did not need to hold a vote to phase them out.
Republicans hope to avoid such a fate for the Trump tax cuts. Their hope is to design tax cuts that technically do not lose any revenue, which would allow them to be permanent, and force Democrats to gain control of the House, Senate, and presidency in order to overturn them.
How do you design a huge tax cut for rich people without losing a lot of revenue? Republicans are looking at three pots of money to offset the cost: Dynamic scoring, Obamacare taxes, and a border-adjustment tax.
The next source of money is repealing Obamacare. The connection between the two issues might seem obscure, but it matters technically. The Republican plan to repeal Obamacare would eliminate all the taxes that were raised to help pay for the benefits — about $1.2 trillion over the next decade. This would lower the baseline of tax revenue, meaning that Republicans would need to design a tax code that raises $1.2 trillion less in revenue in order to be “revenue-neutral.” That makes it crucial for them to repeal Obamacare before they cut taxes.
Obamacare repeal was expected to be a rapid step, already wrapping up by now. Instead it is a quagmire with no end in sight. Of the many reasons the repeal crusade is failing, one of them is that the revenue trick is a little too clever. Some Republicans realize that if they repeal all of Obamacare’s taxes first, they’ll have no way to pay for a replacement plan later. So, as Obamacare bogs down, it has also bogged down what was supposed to be a rapid-fire progression to tax reform. (Budget expert Stan Collender has pointed out that the Republicans have designed an intricate legislative sequence to enact their plans that might collapse altogether.)
So where does that leave them? Probably in the same place they were in 2001. They could scale back on the tax cuts for the rich, but that would run counter to every impulse within the Republican Party. You will pry the tax cuts for the rich from Paul Ryan’s cold, dead hands. If Ryan’s plan fails, the next best thing to passing enormous, permanent tax cuts to the rich is to pass enormous, temporary tax cuts for the rich. If Obamacare repeal and the border-adjustment tax flounder, Congress will probably just go back to what worked (or, if you prefer, “worked”) 16 years ago. Republicans have control of Congress, and even if nothing else comes out of it and everything else falls part, the richest one percent are going to get paid.
In conclusion, I am not hopeful, and I hold Paul Ryan responsible. They are all corrupt!
Delaying Trump’s tax cuts is a huge risk – TRUMP NEWS.
Bad news: Congress is putting tax cuts on the back burner for now — a big risk.
House Speaker Paul Ryan says lawmakers will focus first on replacing .?.?. er, “repairing” ObamaCare and on President Trump’s infrastructure plans, and only take up tax bills sometime in the spring.
That means Trump won’t be able to sign anything until before the fall — at the earliest, if no other delays pop up.
Yes, the president’s early moves on deregulation and energy should boost growth, and a few industries are salivating at the thought of big infrastructure spending.
But Trump also clearly means his promises on trade and immigration, too — which has other industries nervous.
The absence of any big supply-siders in the president’s economic team is further cause for concern, as is the way the White House has taken to talking about “tax relief” rather than “tax reform.” The hunger for some details — will the cuts be retroactive to Jan. 1? — adds to the uncertainty, which is always bad for business.
Yes, the Dow is up, thanks to optimism over the Trump program. But major tax cuts were a big part of that program — and if they don’t land in good time, or turn out not to be major, pessimism can quickly return.
If Hillary Clinton had won, the US economy would probably be facing recession soon: The Obama recovery, weak though it is, has been going on that long. It’s going to take serious change to produce a boom.
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20 thoughts on “CONGRESS HANGING TRUMP AGENDA "OUT TO DRY" – RAND PAUL FURIOUS!”
Paul Ryan is a globalist asshole hell bent on americas financial destruction. A total fucking sellout to the new world order. He had no support when he got the leadership role of speaker and now we all know why. How he was chosen would explain why the deep state controls our entire government right now. If I’m Trump I’m going after these pedophile accusations if they will not work with me on the economy.
I agree…round those evil ones up and then put them on trial.
30% of the Washington beltway are pedophiles, dead to rights, with Sessions and Trump briefed on the investigations from the FBI guys about a month ago now. The government is super dirty.
That Trump doesn’t go after the traitors in his midst actively trying to overthrow or cause his assassination, just makes me wonder if he’s for real or not.
Right now, if I was a betting man (and I’m not) I think Trump is controlled opposition, because talk is cheap, action is hard. Show us actions completed, other than a few jobs here and there, and the pretty wife saying God’s Prayer.
Milo as a victim, may also be a victimizer himself. Sad, but true.
Milo in my opinion is got a lot to hide.
Milo recently said with an unusual conviction the word(s)….
And suddenly the alt-left has just shot the messenger.
Curious coincidence, no?
Milo recently said with confident conviction the word(s)….
And suddenly the alt-left has just shot the messenger.
Curious coincidence, no?
No, he said some stupid Pedo stuff. Misinterpreted or what ever.
Pizzagate is it’s own animal. Who is this guy and why should I care about him anyways? Really? Who is he?
It is time to dump Congress on its ass.
Yeah, we need dictatorship! We already have a military junta in Washington D. C. led by Trump and his generals.
“REPLACE OBAMACARE WITH WHAT?” There is NO ANSWER! MIGHT THIS BE WHY tRUMP AIN’T GETTING ANY TRACTION? Millions of Americans want the answer,,,,,,BEFORE giving up ORomoneycare for SOMETHING ELSE, SOMETIME in the FUTURE, What it IS, is what WE the People want to know….BEFORE TAKING AWAY/LOSING OUR HEALTHCARE. Just common sense!
And to the Keyboard Commando’s running full-bore for “REPEAL and REPLACE” (WITH WHAT?) WTF are you just stupid or what?
No plans for MAGA, just fake lies to keep them distracted. When Trump talks he makes something up, misleads and lies about every minute or so.
America was made great by WORK, SWEAT and BLOOD …… not by your Fat
Welfare Mommas who want to flood into the doctor to get pills for every
ache they ever feel …….
America was built by 1st Indentured Servants, then African Slaves (Natives didn’t work so well) and Chinese laborers. Throw in some White trash and there you go. America! Greatness at it’s best.
“REPLACE WITH WHAT?” You still have nothing without something to replace it with.
Who pays for YOUR Healthcare? You or the Govt.? Solutions please! You pay in full, like I do?
You pathetic snowflake ……. you confuse the hammer with the intelligence to know what spot to HIT with the hammer ……. and you probably do not even know that story …. go learn it.
REPLACE WITH WHAT??? Still No Answers……
Obamacare was written by the Insurance Companies for THEIR benefit …… and they are all walking out from under it. There is NO SUCH THING as a Free Lunch and no such thing as FREE DOCTORING ….. your pathetic government subsidized “premiums” could not cover Fat Welfare Mommas who want to flood into the doctor to get pills for every ache they ever feel …….
Who’s asking for “Free lunch”? I pay in full for my Obamacare. I can appreciate the fact that I no longer have to pay the extra burden of “undercovered ER users” . People who’s fees went up so that those who pay in full don’t pay more to make up for losses from “ER users”/Undercovered low fee/high co-pay cheapskates/freeloaders.
Which category fits for you? Who is asking for “free stuff”? Not I!
They didn’t get designated “The Washington Cartel” because they were a bunch of good guys !
RINOneocons are just Democrats wearing SUITS.
Paul Ryan claims to be a Randian capitalist, but he never read her, or obviously, could not grasp her ideas and principles. Ryan does not attack Corporate Welfare but he rabidly attacks Workers. Rand opposed the Military and Religion as enslavers of the body and the mind, but Ryan grovels to both. Ryan is all FOR war ….. as long as HE can PROFIT off it but never, never, volunteered to serve alongside his “fellow Americans” or put himself in “harm’s way”. Ryan is all FOR religion, as long as he does not have to show grace to the Working Class. Ryan strongly attacks Social Security, even though he cashed every single check after his Father died, and was so rich to begin with that he could SAVE all those Social Security monies to pay for his college.
NeoCon was INVENTED by Irving Kristol and his CABAL of TROTSKYITE COMMUNISTS.
NeoCon is COMMUNISM wrapped in an American flag.
NeoCons refuse to WEAR an American uniform ….
they just wrap themselves in the flag and send YOU and YOURS to be maimed and killed.
Today’s American NeoCons are yesterday’s Jewish Bolsheviks. SAME THING, new LABEL.
The correct spelling is neoCOMMUNIST.