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Tag Archives: taxes

David Davenport: Questions About Walls


President Trump loves walls—besides a border wall with Mexico, he wants to erect trade walls to protect American steel and aluminum with tariffs of 25 and 10 percent, respectively.

In his famous poem about walls, Robert Frost said, “Something there is that doesn’t love a wall,” adding that before he built one, “I’d ask to know what I was walling in or walling out, and to whom I was likely to give offence.” Those are good questions for Mr. Trump’s policy.

He wants to wall out foreign products that are cheaper than American products. But this will trouble not only nations that produce them, but also American consumers who like to save money.

There’s also a question of constitutionality, since the president’s power to do this is based on national security. And the biggest question:  will tariff walls even work in a global economy?

Many important questions about walls.

 

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Lanhee Chen: Healthcare and the 2018 Agenda

Tax Reform

As the Republican-led Congress plans the 2018 legislative agenda, healthcare needs to continue to be a top priority.

 

Health premiums are soaring, and millions of people have little or no choice of health insurance. Millions of people who once could afford coverage no longer can, and many find that their health insurance premiums cost more than their mortgage or rent payments.

 

In a new Associated Press-NORC poll, nearly half of Americans said health care is their primary concern for 2018, topping taxes, immigration, education, and the environment by more than 15 percent.

 

Obamacare has failed miserably in fulfilling the last administration’s promise to cut health costs. The typical American worker now must devote roughly twice as many work hours to cover health costs as to pay for food.

 

Individuals need to be empowered with greater flexibility and choice. And states are better equipped than Washington to oversee their health insurance markets. This requires legislative action from Congress for these new and better choices.

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Jerry Bowyer: A Necessary Fix On Tax Reform

Shooting Florida

The Senate version of tax reform has a hidden problem which needs to be addressed. It would greatly increase the tax burden on companies which are in debt. When a company expands operations, by say, building a factory, they usually borrow money to do it.

The tax code has always allowed business to take the cost of that borrowing into account when they calculate their profit for the sensible reason that it is a cost of doing business. Tax reform is cutting that back, and the Senate version is cutting it back severely, especially for companies that own a lot of heavy equipment such as miners and manufacturers, exactly the type of companies that we’re trying to revive as part of the Trump growth agenda.

If we get this wrong, during the next downturn, we may well see an epidemic of high growth and heavy equipment companies driven into bankruptcy by their inability to pay their old debt and their new taxes on it at the same time.

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Michael Medved: Trump Deserves Credit For The Strong Economy

Marijuana

Why do public opinion surveys show discontent with President Trump’s handling of the economy at a time of record highs in the stock market and record lows in unemployment? The new Gallup Poll gives Trump his highest ratings on the economy, but still shows a clear majority of voters disapproving of his economic record despite the steady growth in the 10 months of his presidency.

This reflects a liberal tendency to put ideology above practical results, but it also reflects continued discomfort with aspects of Donald Trump’s polarizing public personality. The President should avoid public feuds and distracting Twitter storms while focusing on the jobs and growth agenda that got him elected in the first place. Meanwhile, his GOP colleagues in Congress must pass tax reform to keep the economy booming while giving the administration the credit it deserves for sweeping deregulation, and pro-business policies that are producing real results for the American people.

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THR 5/6/17: Trump’s Tax Cuts and Spending Plan

White House, Obamacare, shooting, Paris Climate Agreement

Economist Larry Kudlow praises Trump’s tax plan on the Michael Medved Show. Mike Gallagher and the Heritage Foundation’s Stephen Moore question whether Trump and the Republicans got steamrolled by the Democrats on the latest budget deal. North Korea expert Gordon Chang talks to Michael Medved about the high tensions on the Korean peninsula and whether the North Korean leader would ever give up his nukes. Retired Admiral James Stavritis joins the Hugh Hewitt Show to discuss China’s navy. Speaker Paul Ryan explains a few of the details of the spending plan on Hugh Hewitt’s show. Dennis Prager looks at the latest example of left-wing hate over a recent New York Times column on global warming. Larry Elder points out the hypocrisy of those who attack Dallas Cowboy’s Dez Bryan for his comments on race relations, but not others. Dennis Prager weighs in on the “tolerant” left who made it impossible for Ann Coulter to speak at Berkeley.

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