Earlier today President Donald Trump held a meeting with Treasury Secretary Mnuchin and all participants in the tax reform proposal.
Interestingly, and in a typically Trump power play dynamic, POTUS Trump invited U.S. Chamber of Commerce President Tom Donohue to the meeting and after finishing his prepared remarks put Donohue directly in the spotlight (Video 04:00).  The U.S. CoC is the biggest lobbyist for globalist economics. Donohue is essentially MAGA enemy #1.
You might remember Tom Donohue specifically targeting President Trump for personal criticism in the last round of NAFTA negotiations.  POTUS Trump positioned Donohue physically directly across from him at the table and it was obvious President Trump was planning to put Donohue on the spot.  The look on Gary Cohn’s face is priceless.

[Transcript] 11:41 A.M. EDT – THE PRESIDENT: Thank you very much for being here, for the incredible work you’re doing to help us pass the really historic tax cuts. There’s never been anything like this in the history of our country. It’s cuts and it’s relief and it’s also reform. And frankly, it’s also simplification. So we’re covering everything.
There has never been anything like it, and it’s so important. The economy is doing very well but it can do much better. A lot of jobs are going to come from this and a lot of companies are going to start pouring back into the United States. In fact, we’re going to be announcing one big one sometime very shortly — a very big one coming back into the United States.
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The U.S. Conference Board is an economic think tank in partnership with Nielsen surveys which provides predictive economic analysis based on consumer and economic surveys within the larger U.S. economy.  The latest monthly report from the board shows a stratospheric level of consumer confidence, 125.9 the highest level since 2000.
Accordingly, “consumers were even more optimistic in October than economists polled by Reuters expected.”  The media and economic teams who thrill at the possibility of being able to talk-down the U.S. economy are apoplectic…

(Reuters) U.S. consumer confidence jumped to a near 17-year high in October, with households upbeat about the labor market and business conditions, which could underpin consumer spending and boost the economy in the final three months of the year.
The economy’s prospects were further bolstered by other reports on Tuesday showing an acceleration in wage growth in the third quarter and sustained increases in house prices in August.  (read more)

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There’s essentially five candidates being discussed for Federal Reserve Chair: •Stanford University economist, John Taylor; •current Chair, Janet Yellen; •economic adviser, Gary Cohn; •former Fed Governor, Kevin Warsh; and the most likely pick •Federal Reserve Governor Jerome Powell.
More than likely two candidates from this group of five will be selected; one for Federal Reserve Chair and one for the currently open Vice-Chair.  WATCH:

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MAGAnomics is a generally common sense approach toward achieving dynamic growth in the U.S. economy.  Left-leaning economic experts (most of them) are gnashing their teeth as the America-First MAGAnomic principles are paying YUGE initial dividends.
Reuters News is forced to painfully publish the positive numbers; yet they talk down the economy despite the reality.  Again, using the Reuters information we’ll dig into the economic news, and deconstruct their dismissive ideologically-driven narrative.

WASHINGTON (Reuters) – The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

♦First, “unexpectedly”. Yeah, it’s always ‘unexpected’ when the results run counter to the preferred outcome.  Notice, “inventory investment”, that’s parseltongue verbiage to describe manufacturing and production infrastructure investment.  It’s not just “inventory” as in “unsold products”, what’s happening is companies are investing in growth and building out production capacity.  The “inventory” is actually equipment (being purchased) and operational infrastructure (being built), two measured GDP values.
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The ongoing IRS leadership issue(s) will be interesting to watch unfold in the future; especially for those who have followed the Treasury Dept. case against Robert Mercer, now a supporter of President Trump, and how the self-interest unfolded in the 2016 election.

President Donald J. Trump Announces Intent to Designate David Kautter to the Internal Revenue Service – David Kautter of Virginia to be the Acting Commissioner of Internal Revenue. This designation will become effective on November 13, 2017. Mr. Kautter was confirmed on August 3, 2017, to be the Assistant Secretary of the Treasury, Tax Policy. (White House Link)

(Via Fox News) The White House has named a Treasury official to succeed John Koskinen at the helm of the IRS next month, while allowing the controversial commissioner to finish out his five-year term.
David Kautter will serve as acting IRS commissioner beginning Nov. 13, the last day of Koskinen’s term, the White House said.
“Assistant Secretary Kautter has had an illustrious 40-year career in tax policy, and I am confident that the IRS and the American people will benefit from his experience and insight,” Treasury Secretary Steven Mnuchin said in a statement, noting the Senate would still have to confirm a permanent commissioner.
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Office of Managements and Budget (OMB) Director Mick Mulvaney appears on Fox News Sunday to discuss the ongoing tax reform plan with princess Bush-Perino.

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OMB Director Mulvaney also appeared on CBS Face The Nation (see below).
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President Trump gave an exclusive interview to Maria Bartiromo on Friday at the White House.  The wide-ranging interview aired earlier today on Fox News – Sunday Morning Futures.  Ms. Bartiromo generally does good interviews, especially when the topics are economics, taxes and finance.

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Earlier today President Trump met with members of the Senate Finance Committee to discuss the latest tax reform proposal.  (transcript below)

[Transcript] – 11:34 A.M. EDT – THE PRESIDENT: Thank you very much. I’m honored to welcome Republican and Democratic members of the Senate Finance Committee to the White House. And especially, I’d like to thank Committee Chairman Orrin Hatch — thank you, Orrin — and Ranking Member Ron Wyden for joining us today. Thank you very much. Thank you, Ron.
We’re here to discuss our plan to deliver historic tax cuts for American families, businesses, workers. It will be the largest tax cut in the history of our country.
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Secretary of Treasury Steven Mnuchin appears on Sunday Morning Futures with Maria Bartiromo to discuss the ongoing tax reform initiative.

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President Donald Trump has traveled to Harrisburg Pennsylvania to deliver a speech on the need for tax reform.  The speech will likely be broadcast on cable news and is anticipated to begin at approximately 5:30pm to 6:00pm EST.
UPDATE: Video Added

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