Comrade citizens, following the successful targeting and assassination of an insurance company executive, the newly installed Komisar of New York City has published the names and addresses of affluent New Yorkers for wealth targeting and taxation.  However, many of the activist citizens who advocated for Mamdani are not terribly pleased to find their personal information published by the new Democrat Socialist city leadership.

Affluent podcaster Scott Galloway, an advocate for the targeting approach, is flummoxed to discover his name, address and identifying information has been uploaded by the city to the ‘too wealthy’ target list. [First two minutes]

Fear not Comrade Galloway, all good citizens of the New York DSA will happily pay the necessary pied-à-terre tax. It even sounds collectively fabulous.  There is no reason to worry about being on a list of 950,000 wealthy citizens who have too much.  After all, sharing is caring.

NEW YORK – Mayor Zohran Mamdani’s administration has published a searchable database of Big Apple properties that could fall under the state’s new pied-à-terre tax, effectively doxxing thousands of wealthy New Yorkers.

(more…)

Multiple countries have proposed ‘digital service taxes’ which are taxes on the domestic use of American tech platforms like META, Twitter, Amazon etc.  EU countries are planning to tax U.S. based tech platforms for the revenues generated by operations within EU countries.

President Trump announces retaliatory action via reciprocity taxes, in essence leveraging the entirety of the U.S. consumer market, if the EU proceed with this new tax revenue scheme against U.S. companies.   Canada was on the cusp of a digital services tax last year when Trump made a similar announcement forcing Canada to abandon the plan.

[SOURCE]

WASHINGTON DC – […] Trump’s promise to raise tariffs threatens to complicate trade talks with the European Union. Trump’s threat comes one day after EU member states approved an agreement that would slash tariffs on U.S. industrial goods and some agricultural products. In return, the U.S. would cap most tariffs on the European Union at 15 percent.

(more…)

In 2015, even before President Trump came down the golden escalator, CTH was outlining a ‘new era and dimension’ in American economics that could be possible if a presidential candidate focused on specific Main Street policy. {Go Deep}

Throughout the next four years we watched carefully how Donald Trump was organizing that Main Street revival {Go Deep} and what specifically was creating the economic growth {Go Deep}.

One of the points emphasized in 2016 about Trump’s unique MAGAnomic policy, was how both Trump and Bernie Sanders agreed on the problem.  The difference between them was the solution.

Think of it like economic football.

Both Trump and Sanders identify the rigged game.  Bernie Sanders wanted to change the referees so that government controls the game. Donald Trump’s approach was different.  Trump wanted to change the rules of the game, not step in and try to play referee to a rigged game where the rules were flawed.

One of the examples of economic “rule changing” is trade tariffs.  You don’t need govt to regulate the corporations directly (ie. raise corporate income taxes). Instead, you can change trade policy to make the better corporate decision a return of production back to the USA (a fundamental rules change).

Both approaches involve a different govt policy, but Trump’s approach changes behavior.  That’s MAGAnomics.

One of the reasons Trump’s approaches are much more effective, is that his rule changes extend beyond the American corporate game.  Trump’s approach changes the behavior of foreign governments and foreign corporations, a win/win/win.

An example is the Japanese government investing in America to offset reciprocity tariffs; while Toyota, a corporation, invests in specific auto manufacturing expansion to avoid baseline tariffs.

You don’t get that kind of result through Bernie’s approach changing the American referee in an all-American game and raising corporate income taxes. And don’t forget, the corporation can just move offshore and avoid income taxes entirely.  Apple used to have their company incorporated in Ireland.  Trump’s rule changes brought them back.

The Promethean Action PAC is now highlighting the fundamentals of Trump’s MAGAnomics and how the policy is distinctly different from all U.S. economic policy before it.

(more…)

To emphasize the importance of ‘no tax on tips’, President Trump received a Door Dash delivery and then takes questions from the assembled press pool.  The questions begin at 2:53 of the video below.  WATCH:

.

(more…)

The Supreme Court tariff ruling has created the need for U.S. Trade Representative Jamieson Greer and U.S. Commerce Secretary Howard Lutnick to modify the baseline tariff approach with the approvals of President Trump.

The baseline tariffs are being reset to 10% with upward adjustment to 15% as planned.  The reciprocal tariffs will not require any substantive modifications as most of the Free Trade Agreements have been cemented with reciprocity tariffs as part of the negotiated deals.

USTR Greer appears on Bloomberg to clarify the current situation and provide some information as to the transitional baseline tariffs as now modified. Additionally, and importantly, Greer begins discussing the USMCA review and his acceptance that President Trump is openly questioning the value for us. Greer notes Mexico and Canada being used as import hubs to avoid tariffs is a big issue. WATCH:

Section 232 [Steel and Aluminum examples] of the Trade Expansion Act of 1962 (19 U.S.C. §1862, as amended) authorizes the President to impose trade restrictions—such as a tariff or quota—if the Secretary of Commerce determines, following an investigation, that imports of a good “threaten to impair” U.S. national security. {SOURCE}

Section 301 tariffs are a trade enforcement mechanism established under the Trade Act of 1974. They allow the U.S. government to impose tariffs on imports from countries that are found to be engaging in unfair trade practices. The Office of the United States Trade Representative (USTR) conducts investigations to determine if a country is violating trade agreements, and if so, it can impose tariffs as a corrective measure {SOURCE}

Section 122 of the Trade Act of 1974 allows the U.S. president to impose tariffs of up to 15% to address “large and serious” balance-of-payments deficits. This authority can be exercised without prior congressional approval for a limited duration of 150 days. After this period, any tariffs must be extended by Congress. {SOURCE}

*FYI, there is a lot of distracting noise in the various social media platforms about internecine MAGA battles and ego-driven points of specific interest.  CTH chooses to focus energy and attention on the substantive policy issues that will generate substantive policy outcomes for America.

(more…)

Speaking to the Economic Club of Dallas, Treasury Secretary Scott Bessent outlines what technical procedures the Trump administration will trigger now to retain tariff authority.  As anticipated Bessent outlines section 232 tariffs, section 301 tariffs, and Section 122 tariffs.  WATCH (prompted):

Section 232 [Steel and Aluminum examples] of the Trade Expansion Act of 1962 (19 U.S.C. §1862, as amended) authorizes the President to impose trade restrictions—such as a tariff or quota—if the Secretary of Commerce determines, following an investigation, that imports of a good “threaten to impair” U.S. national security. {SOURCE}

Section 301 tariffs are a trade enforcement mechanism established under the Trade Act of 1974. They allow the U.S. government to impose tariffs on imports from countries that are found to be engaging in unfair trade practices. The Office of the United States Trade Representative (USTR) conducts investigations to determine if a country is violating trade agreements, and if so, it can impose tariffs as a corrective measure {SOURCE}

Section 122 of the Trade Act of 1974 allows the U.S. president to impose tariffs of up to 15% to address “large and serious” balance-of-payments deficits. This authority can be exercised without prior congressional approval for a limited duration of 150 days. After this period, any tariffs must be extended by Congress. {SOURCE}

(more…)

White House Manufacturing Policy Advisor, Peter Navarro, has written an op-ed warning about a new bill under construction in congress [BILL HERE] that seeks to stop President Trump from blocking the ‘de minimis loophole’ on imported goods.

Previously, various shippers and transport companies like UPS and Fed-X had lobbied congress to retain a loophole on customs and duties allowing items valued less than $800 to enter the USA without tariffs.  They were joined by ecommerce outlets like Amazon, Alibaba, Temu and Shein to keep cheap foreign goods flowing into the U.S. without passing through customs declarations.

President Trump stopped the de minimis loophole on China and Hong Kong and then globally.

As noted by Navarro, “the threshold for the exemption hit a staggering $800 per package — by far the highest in the world. Europe’s is closer to $150. Japan’s is under $70. China’s general threshold is in the single digits. The U.S. wasn’t “aligned with global norms.” We were the outlier, and a very expensive one.”

Now, Navarro is warning that congress is seeking to subvert the Trump position on imports and go back to allowing cheap foreign goods flood the U.S. market at a level that creates chaos in customs enforcement and facilitates the flow of illegal drugs and narcotics back through the system.

(The Hill) – […]   Their bill is simultaneously a poster child for big money politics and a breathtaking insult to the public’s intelligence. It assumes voters won’t read past the title, won’t remember why de minimis was killed in the first place, and won’t connect the dots between lobbying disclosures, campaign checks, and a legislative resurrection of a loophole that nearly destroyed U.S. trade enforcement. 

(more…)

Yes, at the introduction to President Trump the business assembly of WEF leadership they actually thanked Trump and said President Trump has forced the assembly to stop pretending.  It must be the art of the deal, folks.

Following the introduction President Trump told the assembly of business leaders there was no need to repeat his prepared remarks and instead spoke off-the-cuff, giving thanks and praise to the audience specific to his intents and purposes.  During his impromptu remarks President Trump highlighted leadership in the audience and drew attention to their organizations and business interests. WATCH:

.

(more…)

National Economic Council Director Kevin Hassett appears on CNBC to discuss the current status of the Trump economy.  Obviously, the first question to Hassett surrounds the announcement by Fed Chairman Jerome Powell that he is under a grand jury investigation.

Director Hassett rightly notes the DOJ is independently investigating the issues of Powell as a result of both a Senate Banking Committee (Tim Scott) and House criminal referral for misleading and false testimony related to the construction of the FED building in Washington DC.  Both the decisions by the Federal Reserve and the Dept of Justice are not outcomes of President Trump’s decision making.  Secondly, Hassett is considered a candidate to replace Powell in May, so it would be inappropriate for him to make any comments.  WATCH:

.

(more…)

It appears that Minnesota Governor Tim Walz is about to discover what happens when you anger the Treasury Secretary, who happens to be the IRS Commissioner.   WATCH (Prompted):

.

(more…)