Bloomberg reported earlier today that President Trump was likely to pull the trigger on round #2 of tariffs against $200 billion in Chinese imported goods. Duh. Surprise fail. President Trump has not bluffed on a single tariff initiative since he started executing new U.S. trade policies to reset all trade relationships.
According to Jennifer Jacobs reporting (one of the few reliable) Secretary Ross, Secretary Mnuchin and Ambassador Lighthizer met Thursday to review the current status of ongoing trade deals. This is a good nugget, because it’s likely that same meeting contained the forward instructions toward Lighthizer for the Canada discussions.
According to the report, President Trump, Ross and Lighthizer are adjusting the specifics of the $200 billion Chinese products targeted based on the two-weeks of domestic feedback they received. I would actually anticipate a combination of increased tariffs on the Round #1 sector (25% on $50 billion), and the application of new sectors within the $200 billion Round #2 target.
The wolverines have been released. Bloodshed is inevitable.
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It truly is! China 🇨🇳 is facing off against an Economic Giant! Our Lion 🦁 needed time to build our Economy backup before taking them on. We are there!
The Economic Train 🚂 is back at it once again today! Just like our President, she never takes a day off!
From the article linked above:
The revision reflects stronger personal consumption expenditures, also known as consumer spending, and industrial production. It does not factor in the very strong build in business inventories that also came out Friday.
While the advance estimate of U.S. retails sales for the month of August was slightly weaker than expected, upward revisions to an already-strong July was a big score.
Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, retail sales were $509.0 billion. That’s 6.6% (±0.5%) above the levels in August 2017.
From the article linked above:
The preliminary reading for consumer sentiment by the Survey of Consumers rose to the second high level since 2004, second only to the record broken in March 2018.
The Index of Consumer Sentiment rose to 100.8, crushing the 97.0 median forecast and shy of the 2018 (101.4) record. That’s a 4.8% gain for the month and a 6.0% gain on the year.
“Importantly, the gains were widespread across all major socioeconomic subgroups,” Richard Curtain, chief economist for Survey of Consumers, said. “The Expectations Index reached its highest level since July 2004, largely due to more favorable prospects for jobs and incomes.”
The Index of Consumer Expectations rose to 91.1%. That’s a 4.6% gain for the month and a 7.9% gain on the year. It’s also a new 15-year high.
Absolutely amazing data in terms of the reduction in the number of SNAP recipients since MAGAnomics went into effect in January 2017.
Fiscal Year 2016 there were 44,219,363 / June 2018 there were 39,344,449
That is 4,874,914 fewer SNAP recipients!
From the article linked above:
Winning: Americans’ use of food stamp assistance has now fallen for the eighth straight month as the POTUS Trump economy continues to expand, raising all boats and not just those of “the rich.”
Using the latest data from the USDA, here is the breakdown of how many people discontinued their SNAP benefits each month over the past eight months of FY 2018:
October to November – 4,050,688
November to December – 360,995
December to January – 737,465
January to February – 385,456
February to March – 39,701
March to April – 426,085
April to May – 139,570
May to June – 143,834
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BEST part: America’s GROWING PURCHASES of Consumer & Industrial goods WON’T be bought from China under the new and impending rounds of Tariffs!
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There is now talk of a major recession looming in Canada.
I just love my house, it’s beautiful. Sunlight everywhere from morning to evening.
I put a huge cash down. I’m selling it soon before prices drop.
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Curse You Villain!!
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ROLFMAO!!
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And yet, the MSM will produce and broadcast a story like this…
https://www.cnbc.com/2018/09/13/watch-out-gop-the-economy-is-roaring-but-most-americans-arent-feeling-it.html
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LOL. Even CNBC is forced to make fake news. Wait til Tax Cuts 2.0 kick in. hahaha
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Hoorah!
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I love watching these guys work.
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Just got hired today for a truck driving job. (First steady job in over 7 years) Most money I have ever been paid. I still do not even have my CDL yet! (2 Weeks away until test). The economy is MAGA for sure. Thank you God, Thank you President Trump, Thank you all Deplorables!
Truly have a lot to be thankful for.
MAGA!!!
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If your in the market move some stuff around
Getting ready for a jump in steel and things that make steel
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Steel Stock Timing issues:
• How long will it take for the expansions and new plants to come on line (by company)
• How long after that for the market to begin to price in the sales growth
• How long after that for the the market to price in the resulting earnings growth
• Then to appreciate the Improved Earnings Level from newer, more efficient capacity
• They to appreciate the Profitability Boost from 1st-Year Capex write-off on that capacity
Who’s got some on-the-ground perspective?
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I run a manufacturing business that uses tubular steel, most from overseas. I am just now seeing terrified steel come my way. It’s taken months for inventories to be depleted.
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LOL. terrified = tariff
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“Terrified”?
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That would be the Chinese. Tarriffied 😊😊
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Love the puns … 🙂
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Wouldn’t Chinese be-terriflied?
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I am now into the leading stock in the US that mines “coke”. Must need for making Steel.
Now at $12 per share…
Do not know when the prices and the industry starts coming back, but it will…and that $12 price……well……it’s gonna go up…
Now got in while still cheap..
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“Must need for making Steel.”
Well Gov. Andrew Cuomo in NY is trying to shut down production of Tonawanda Coke for alleged infractions of air quality standards. The company claims if the continuous production ovens are shut down they will have to close, because it will cost too much to restart the plant because of the work that will be needed.
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http://news.wbfo.org/term/tonawanda-coke
Tonawanda Coke states case in federal court to stay open
Attorneys from the US Government and Tonawanda Coke Corporation were in federal court Friday, questioning witnesses as the latter argues to stay open, despite numerous recent environmental citations.
https://www.wkbw.com/news/dec-tonawanda-coke-must-immediately-cease-and-desist-operations
TONAWANDA, N.Y. (WKBW) – The Department of Environmental Conservation has officially demanded that Tonawanda Coke Corporation immediately stop all operations associated with potentially harming workers, the surrounding community, and the environment. This is in relation to emissions coming from the plant.
The full statement is below:
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I hope you get a nice new rig to drive too Ryan. Congrats. Drop us a note from the road from time to time.
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Way to go, Ryan!
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Congratulations!
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Congrats Ryan!!! That’s fantastic news. Let us know what your handle will be and kick some butt! We LOVE our truckers!!!
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Congratulations Ryan H.!! Try some investing down the line!! Best wishes!
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Good job Ryan! Congrats! I wish you all the success you can eat. 🙂
Also check out the Permian Basin here in Texas. They are very short on truckers (for the oil industry here) and kids in their 20s are starting at 6 figures.
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I am in contact with the largest shipper in the Permian Basin. Might take a job there, but it can be unsteady though the money is incredible.I am in NE Texas, but love it here and would prefer not to move to Midland if at all possible. 😛
Thanks for the well wishes.
God bless, and MAGA!!!
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Stay put, stay happy.
Besides:
Midland wages are great, but Midland costs are skyrocketing.
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God Bless you Ryan. Good luck on the new job!
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Good for you Ryan.
Thanks to the Trump economy there’s a big increase in shipping.
There’s also a back log of orders for big rigs.
MAGA
https://www.foxbusiness.com/markets/truck-orders-surge-as-economy-heats-up
Good luck with that career.
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Hey Ryan! What MOPAR said X^y. Keep On Truck’in!
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Congrats! And keep the shiny side up!
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Congratulations, Ryan! Some of us are finally getting calls. I have had two this week out of the blue, and am forging ahead!
Cheers!
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Truck driving positions have been strong for some time now. Be careful. Companies will lie and work you to death.
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Yes. He better buy a really good seat cushion and very good lumbar back support cushion too.
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Small study showed that sitting on a “grounding” pad conductive to the steel frame of the cab can help drain off the positive charge that comes from driving. Positive charges create oxidative stress in the body.
So, less stress, less fatigue, maybe even less pain were some of the outcomes. I read about this years about in a book entitled, “Earthing” and tried it out. Seems to “work.”
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Best of luck to you in your new job, Ryan…..Keep on Trucking!
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Congratulations Ryan that is awesome, I wish you the best of luck with your new position!
I am not unemployed but was curious to see how responsive the job market was locally, in Portland, OR (ew I know). I began submitting resumes to company’s across the city ranging from Union Pacific rail worker, construction contractor, facility director, private security contractor , production manager, and a few others. I have heard back from six different places since Wednesday! Three of them wanting to set up interviews that day! I was truly shocked.
I then went to my employer and requested a meeting with our VP and CFO, which was granted. Long story short I am getting the opportunity to move from Portland to Vegas to be the Production Manager of a newer facility we recently opened up there. I AM FINALLY GETTING OUT OF PORTLAND!!!! sorry for the caps but I am sure you all understand! MAGA and god bless the USA and PDJT.
I am not trying to steal your thunder Ryan, I truly am excited for you to have a steady job and a great income! I just think it is good for other people to know that if you are unhappy now is not the time to settle. Now is the time to step up, seize the day, and make it happen!
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OBAMA COULD NOT BUILD THAT!!!!!!!!!!!!!!!!!
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Good for you USMC Grunt !!!! Keep us posted , 😘💖🇺🇸
And Ryan too💖💖🇺🇸🇺🇸 I love hearing these uplifting stories about you guys seizing opportunities. It’s the Trumpian way ,
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USMC
AWESOME!!!!
I am a (Thankfully) 30 year former resident of Portland, OR, and I left that crap hole 10 years ago and have never even thought about looking back.
It is terrific that you are getting to leave and expanding your horizons at the same time.
Your news is actually MORE important than mine was. Good for you! Congrats!
Best wishes to you and yours, and may God continue to smile on you, us, the USA, and the rest of the world!
MAGA!!!
PS. Thank you to all who have commented.
I did not wish to fill up the screen with multiple comments.
I will be starting out as a “Yard Dog”, basically moving trailers around all day. Nothing fancy or difficult, but steady income and advancement opportunities galore.
From there, I will have the options of long haul, or management, or whatever, so yes, my wife and I are extremely happy and grateful.
Thanks again to y’all.
God Bless the USA and TRUMP!!!!!
MAGA!!!
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Go, USMC: Setting the pace!
CONGRATS on escaping LaLaLand.
Here I was about to feel sorry for you.
Friends from Illinois escaped to Vegas this year, 😎
As posted before, we escaped Illinois for Texas last year. 😎
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Awesome on the ground intel and CONGRATS!!!
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Good for you Ryan! I’ve been trucking for fifteen years now and this is the first year I’ve broken the $50,000 mark!
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Ryan, learn about “Investment Tax Credit” and its application. In a relative very short period of time you will be self-employed owning your own Truck.
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My youngest son (early 30s) was disabled for 10 years and started making a miraculous recovery approximately 2 years ago. He became seriously ill while attending community college. Hadn’t worked since he had a part time job stocking shelves in high school. It was as if Jesus himself appeared and said “Arise, take up your bed and walk.”
As always, God’s timing is perfect. Needed something where he could potentially support a family without too much expense and with no recent work history. Long story short he found trucking. He had been so sick for so long, I privately thought the whole thing was going to be impossible from the first time he came to me and told me he was going to take his life back and we set up a meeting with our local DVR (department of vocational rehabilitation). His dad and I paid for him to attend CDL school. The kid got knocked down again and again but would not give up. Still has short term memory issues but found ways to work around them, and has a great attitude, which is probably the single best determinant of success. Today, 2 years later, he drives for an LTL company and is making 80K a year with full benefits. He still lives with us and is saving up and has his sights on becoming an owner operator some day, starting his own small business.
Trucking can be dangerous but I know, for many reasons, that my son is where the Lord has put him, and if His child asks for a loaf of bread, the Lord will not give him a stone. So, to borrow from Q, I am trusting the plan (the BIG PLAN). May God bless and keep both of you. MAGA on!!!!
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The Dems are trying to drive a wedge between farmers and Trump by saying that the tariffs will hurt farmers. I think most farmers understand that the tariffs are – we hope – a needed, temporary tactic to open up China to FAIR trade for other products. Besides, the tariffs provide the revenue needed to mitigate any pain felt by farmers.
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China already caved on the soybean nonsense. They couldn’t replace what they didn’t want to buy from us. So they took delivery from ships anchored off the coast. Bet they had to pay for holding the ships offshore too.
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I hope POTUS puts an export tariff on Soybeans that gets the price up to what it would have been with their import tariff nonsense.
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Hey! Farmers didn’t just fall off the turnip truck yesterday.
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But, be careful of those cow paddies……😎
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CHINA IS A TAX EVASION PLAY AND A SLAVE LABOR PLAY
AND A ZERO REGULATIONS PLAY
“In addition to hammering earnings, Goldman also expects that the PE multiple of the S&P would also contract, dropping from the current 17x to 15x, and resulting in an S&P plunge of 25% from the current 2,888 to 2,200, which would lead to a bear market and wipe out over $6 trillion in market capitalization. ”
$500B tariffed at 25% = $125B in tax revenue
The labor content on an I=phone is only $5 in China, so if it is $20 in the US so what, not the $2000 I-Phone the Fox girls whine about non stop, however if made in the US Apple and other manufacturers will be paying taxes instead of sheltering all of their profits off shore. Just like the little people.
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Well done.
Has Goldman shorted the S&P?
What, NO?
President Trump should start the Goldman investigation for MARKET MANIPULATION.
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If 25% tariff on cell phone. I would guarantee that iPhone for most of the world will be made in US. First Foxconn will need to ship a lot of components into US for assembly but then the supply chain will be established in US in a few years. The States to net that assembly plants will be WI, TN, NC. It will take several plants to build 100M phone annually and the Mid West and South will be winners. Making iPhones in US will solve many trade problem worldwide with US. Trade deficit reduction with China, EU, Canada, Mexico, Japan and ASIAN…. which will remove trade friction. The only loser is China.
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Add automation, maybe?
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Of course..
Labor being the resource in shortest supply historically in the U.S. has been a GREAT Blessing.
It was the motivation for Americans to invent all those labor saving devices, machinery, and technology.
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Solves the IP Theft issue as well!
China’s Technology Industries will see exports dry up.
This could well evolve into the solution for IP Theft in general for U.S. Trading Partners.
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And don’t forget tax cuts 2.0 coming to a Congress near you. If GOP gets corporate to 15%, freezes federal hiring and gives early retirement to MILLIONS of bureaucrats, we could really stick it to China, and Canada and everyone else. If they were really smart they’d disband the IRS, abolish ALL income taxes, create a 10% national sales tax and a 20% universal import tax and wrap it all in the words CONSTITUTIONAL AMENDMENT. Then we’d really see what the American System can really do.
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Our President is going to continue to make China’s life a living hell. After this announcement today, our President will tell our Wilburine to begin the process for the remain $267 billion dollars that are left from imports from China 🇨🇳! Those tariffs will be 37.5%.
At that point, you will see us begin to negotiate terms with India 🇮🇳 so that we can reduce the products from China 🇨🇳 being imported into our country. While all of this is taking place, our President will continue to build the manufacturing base in our country so that we no longer need to import as much as we do.
Ford was ahead of the curve anticipating this announcement and future announcements.
https://www.wsj.com/articles/ford-scraps-plan-to-import-china-built-small-car-due-to-tariff-cost-1535729401?redirect=amp
From the article linked above:
Ford Motor Co. F -2.27% has ditched plans to import its Focus compact vehicle from China to the U.S., citing an expected hit from import tariffs the Trump administration put into effect in July.
The U.S. auto maker had planned to begin shipping a new version of the Focus from China, starting in the second half of 2019. But a new 25% tariff upended the economic case for the import plan, said Kumar Galhotra, the company’s head of North America.
Ford will instead discontinue the Focus nameplate for the U.S. market after selling down the current supply.
The tariff made it a “very difficult business case for us, so we’re choosing to deploy these resources elsewhere,” Mr. Galhotra told reporters during a conference call Friday.
Mr. Galhorta said Ford didn’t seek a tariff exemption for the Focus.
Mr. Galhotra said the decision would have “marginal” impact on the auto maker’s future sales in the U.S., where Ford plans to increase the number of nameplates it offers to 23 within five years—from 20 today—despite plans to eliminate several car lines. Ford has said it would add more trucks, SUVs, and electric and hybrid models to respond to consumer demands.
Don’t forget that there is a cause and effect to our GDP and theirs. By squeezing them already with tariffs of 10% on the first $34 billion plus 25% on another $16 billion coupled with the newest tariffs of 25% on $200 billion and what I believe may be as high as 50% on the remaining $250 billion, PDJT is swinging our GDP up & killing China’s GDP.
Let’s look at the math:
USA 🇺🇸 Tariffs on China:
$34 billion x 10% tariffs = $3.4 billion dollars to our Government
$16 billion x 25% tariffs = $4 billion dollars to our Government
$200 billion x 25% tariffs = $50 billion dollars to our Government
$250 billion x (being a bit conservative) 37.5% tariffs = $93.375 billion dollars to our Government
China 🇨🇳 Tariffs on USA:
$34 billion x 10% tariffs = $3.4 billion dollars to their Government
$16 billion x 25% tariffs = $4 billion dollars to their Government
$60 billion x 25% tariffs = $15 billion dollars to their Government
$40 billion x (THAT IS ALL THEY HAVE LEFT) 37.5% tariffs = $15 billion dollars to their Government
That totals $150.775 billion dollars in tariffs for our Government versus $37.4 billion dollars to their Government.
That shrinks the trade deficit by $113.375 billion dollars a year.
What does that mean for each country’s real GDP rate?
Just last Quarter we shrunk the trade deficit by $53 billion dollars and it added 1.16% to the 4.2%.
Please keep in mind with my math above, China 🇨🇳 and the USA 🇺🇸 brought in the same $7.4 billion in tariffs. They washed each other out.
However, going forward, that isn’t the case! Your talking about an additional 2.32% real GDP rate for each year using the tariffs on China 🇨🇳and them losing that same percentage.
Our President is absolutely right that WE CAN’T LOSE!
Xi saw the data I referenced in the post above and understands damn well HE CAN’T WIN!
Every corporation that complains will get their own tweet from our President!
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Flep, it may just get BETTER:
For China’s future tariffs on $100 Billion of our Exports, netting them $30 Billion, consider the possibilities:
• President Trump tweets an invitation for American Exporters to RAISE PRICES by the $30 Billion … since China has decided their business importers can afford that much.
• American Exporters realize that could TRIPLE their profits (on a 15% margin) … enabling them to Break Even if they lost 2/3 of their Export volume.
• Every $100 Billion in lost Exports to China translates into an ADDITIONAL $100 Billion in Imports from China to be ELIMINATED before we wipe out our Chinese Trade Deficit, and can THEN begin to wipe out the Chinese Theft of IP.
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Does this mean that Walmart, who started out by advertising that they would specialize in merchandise “Made in the USA” might actually have to start selling things “Made in the USA” instead of things “Made in China”? LOL The Trump Effect strikes again!!
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GOOD ONE.
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Sam Walton insisted that everything he sold be made in America. The instant he died, his kids threw that notion in the trash and brought in the cheapest stuff they could find – meaning most of it was from China.
I guess he didn’t do the greatest job educating his children.
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Sam worked hard for his money – his kids didn’t.
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Our VSG POTUS had a father that taught his children well.
There is a skill we could use a lot more of.
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Great point BKR!
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This would make a great board game or online economic game.
Countries start out in a pre-Trump world economic system. Through the use of industry tariffs, etc. the US changes the trade dynamic, increasing tariffs in certain sectors as domestic capacity expands.
Could call the came “MAGAnomics” or something like that.
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Great idea – Great name!
X-Chance: “Trump Rules” instead
X-Community Chest: “Winning” instead
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Hey….almost looks like the Ladies of the NFL……nice ring….😎
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Apple said iPhone will be 20% more if made in US. If the phones are made n China there will be a 25% duty, still 5% cheaper to make the phones here!
Previously all duty did not have to be paid and the shipment was released. Now no payment no release–US Customs is asking for importers to set up ACH so they can go get the duty from their bank account before any shipment is released. A big cash flow problem with a lot of importers, another way to discourage imports. Great job President Trump
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Thanks for sharing that!
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There was an older interview where Wilbur Ross discussed the problem of importers not paying duties. Import companies would just close down and open under a new name to avoid paying. He talked about how he would possibly approach the issue… required bonding, etc.
I have a link to the video but I didn’t put a detailed enough description so I can’t seem to find it. (I have links to about 80 Wilbur Ross videos of interviews, talks, presentations, etc.)
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Commerce Sec. Ross on Trade Enforcement, China, Nafta
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Here’s another video discussing it.
Wilbur Ross: Billions of dollars in fines remain uncollected
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Make products in India is almost impossible. The regulation and bureaucracy of India would make California pale in comparison. There is almost no infrastructure in India to support, no supply chain, no industrial engineering know how. I would rather see Trump push heavily for North America (US and Mexico, sorry no Canada for now).
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We are just better manufacturing here. I specify lighting items made in India. The threading and spinning accuracy are not great.
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PDJT and his “killers” will chew up the yuan and spit it out. #MAGA
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Congratulations, Ryan. It truly is a robust economy.
Part of me is angry that the establishment is so committed to raining on the Trump ecomony’s parade, that China would have already come to terms were it not for so many Americans willing to help China resist Trump. While part of me hopes that the NSA and Huber prosecutors with secret FISA warrants have every digital communication incriminating all of them, And that perp walks by the worst of them will coincide with China coming to terms with a new, fairer trade deal that will add further momentum to the best economy in my long lifetime. And sooner rather than later.
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China is pulling Kerry’s advise to wait out the Trump Administration. So that is why President Trump put China tariff on fast track to put extreme pressure on China for a equitable trade deal or build up the US manufacture base quickly. In the meantine tempt congresses with $125B tariff for spending. Once congress got used to the money. Let go of the tariff is like taking candy out of the baby mouth. The 25% tariff on SUV and truck import supposed to be temporary to help Detroit fend off the Japanese imported. It is still on now and will never go away
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Not to mention the EO targeting foreign election interference. Hello, Tom Donahue at CoC funneling Chinese cash to congressional lobbyists!
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How will we ever make due without Chinese molding dry wall and poison pet food?
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Don’t forget lead based crayons!
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Mini blinds
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And the Fried Rice…..wait….or is that yogurt……no…..it is places like yarn mart…..
Anyway…..booo….on the Chinese👌
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GDP estimate for China based on satellite imagery: between 7 and 11 trillion. Lower end likeliest.
American GDP: closing in on 21 trillion.
China is based on a mercantilist export economy.
You do the math.
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I think it’s a contest between China and Canada to see which can be the most ridiculous negotiators. Canada may still be ahead, but China is closing fast.
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They are one and the same. China pulls Canada’s strings.
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But he’s only doing it to distract from THE WORST WEEK OF HIS PRESIDENCY!!!! /s
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Yesterday, it was reported the IRS collected a record amount of income taxes (I forget the exact number but it was up). Obviously, as a result of all the people going back to work. However, business tax collections dropped as a result of the tax cut on business. The tariffs are very likely going to make the vast majority of the difference allowing for corporate taxes to remain low. If they keep putting pressure on work visas American worker wages will continue to rise as more Americans find work. Win, win, win for the USA. POTUS is serving us very well and the entrenched interests aren’t liking it one bit. More winning for Patriots.
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Record amount from individual taxes.
Revenue from corporate and other(like tariffs) was down some.
Deficit for FY18, which ends in a couple weeks, will be close to $900B. About 23% of all money spent is being borrowed.
Not good.
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Congress needs to reduce spending!!
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MORE Tax-Revenue WINNING:
• The first-year Capex Write-off is TEMPORARILY reducing taxes – in the year of investment ONLY – for any business investing to expand capacity and productivity!
• By mid-year of typical investments, sales from expanded capacity are RISING, costs per unit have DROPPED and profits start to JUMP.
• That gooses Tax Receipts.
But wait, there’s MORE:
• Workers replacing Visa Holders aren’t just earning more and paying MORE Taxes.
• Workers replacing DEPORTED ILLEGALS are earning more and paying NEW Taxes.
• PLUS both groups of Workers are coming OFF Government Support, CREATING Unused Taxes.
Whoa Nellie POTUS STRKES AGAIN:
• The PROVEN MULTIPLIER on Tax Receipts plus Unused Taxes justifies Tax Cuts 3.0 (after Tax Cuts 2.0 makes 1.0 permanent).
• Tax Cuts 3.0 can Drop the Personal & Corporate Tax rates to 15%!
• Tax Cuts 4.0 can then Eliminate the “duplicative” Capital Gains Tax!
END of TRAPPED INVESTMENTS in lower-performing businesses to avoid the Capital Gains Tax … Investments move IMMEDIATELY to their highest opportunity uses.
DEATH of the FED: We won’t need their Stimulus Fake Money and won’t need their Suffocating Fake Interest Hikes.
THAT’s what President Trump meant when he said we won’t BELIEVE what’s coming!
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I’d like to see the tax on social security income repealed, also. It wasn’t ever supposed to be. Didn’t Reagan sign off on that one in 1986 or so?
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Tax Cuts 5.0 to eliminate the Social Security Tax … along with Opt-Outs for a 401k-style Alternative … after Tax Cuts 4.0 eliminate the Capital Gains Tax.
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We can also get rid of all those tax accountants, tax lawyers and their nonproductive costs which are a drag on business.
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Any idea in which tax cut bill Trump would eliminate the tax for the lowest end of the income scale. He’s mentioned it a couple times, once at The Economic Club of New York, Sept. 15, 2016. That would really destroy the democrat narrative that they are the defenders of the poor.
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Do you know if the Gift Tax has been repealed? It was only put in place to close a loophole in the Estate/Death Tax. It would be welcome news if they both hit the dustbin.
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Revoke Google employees’ Visas and send those Fake workers packing.
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Raise that Tarriff!
Raise that Tarriff!
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Will all Dollar Tree stores change their name to Buck and a Quarter Tree? Will Walmart be forced to sell quality items instead of engineered to fail junk? Tune in next week when you’ll hear our President say, “Stop whining and build your plant in America.”
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Remember the old Woolworth’s stores? They used to be called ‘The five and dime’ stores.
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there is a store in Branson that still has 5 & 10 in the name and it is anything but nickels and dimes. But I do enjoy going in there in the off season!
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Ahhh! Grasshopper Xi, bamboo forest is shrinking fast!
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Entitlement spending and a bloated federal government are primary causes of the deficit. The tax free status of rich private educational and religious organizations should be examined. The government should also sell much of its land holdings. How much of that deficit is due to interest payments on government debt? Much more can be done to dig our country out of the hole we are in.
And Social Security is not an entitlement program, it is a promise to be kept to the people who paid into it.
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That magic wand is called a HAMMER! Double meaning included- it means work and it means putting the hammer down!
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There will be no agreement with China as China can’t agree to collapse their economy. These tariffs are about driving our supply chain out of China and into China’s natural rivals. Some higher value manufacturing will return to the US but the rest will move to countries like India , Vietnam , Taiwan , etc.. Direct imports to the US from China account for 16% of the Chinese economy and indirectly a much higher percentage of their economy. The tariffs are the most effective means to crush the Belt and Road and made in China 2025 programs and end the imperial ambitions of China. We’re seeing and monumental shift in the global economy starting.
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Noticed in the news over the past week that China also has a big problem with disease on its pig farms, that they cannot solve.
Also, bitcoin needs to be hammered as hard as possible as China is attempting to use it as a source of foreign currency, to replenish the reserves being used to buy friends and influence their domestic market.
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