Category Archives: 2018 Budget

Kochs win again as their boy, Marc, short-circuits Trump MAGA with an anti-populist spending bill

President Donald Trump must have been distracted, while rubbing his gold-plated putter, when the Cabinet and the West Wing top birds were being anointed, because only golf daydreaming easily explains:

  • H. R. McMaster, James Mattis, Rick Perry and Wilbur Ross – Bilderberg Group participants.
  • Gary Cohn, Dina Habib Powell and Steven Mnuchin – Goldman Sachs
  • Rex Tillerson – Exxon-Mobil
  • Kenneth I. Juster – Trilateral Commission

These officials are all establishment globalists, and Trump campaigned as a populist nationalist. Each appointee should be considered a slippery swamper, and because of that, some are now out of office or headed that way. Continue reading →

President Trump has a chance to save mucho money if he just takes my amateur purchasing agent advice

Dark coat waving, tie curling, eyes focused in imperial triumph, what could be more awesome than the American Don alighting from Air Force One? This is not the Don of The Godfather, who measured his might in mere horse heads and bedposts. This is our President Don, who commands the mightiest military in history.

But Don has a problem. The fridges are acting up on both Presidential Boeings, not being cool, when they should. Call them undependable deplorables, needing replacement, like Senator Lindsey Graham at a voice-cracking contest. Warm beer, anyone?

The specs call for 70 cubic feet of space, doors, a little light inside, and I suppose stainless steel might be nice. These coolers would be like a big version of those 24 cubic foot jobs, that Sears would like to sell you before all their stores close.

Why am I so concerned about saving money on flying fridges that only have to last a couple years until the new ($2,000,000,000 each) Air Force One replacements arrive?

Any country that has to hike Medicare premiums on the poorest of its citizens by 24% this year is in financial trouble. The reason for this seemingly callous action is our national need to fund the growth of the military 2018 budget to $700 billion, which Senator Graham says is vital for defense of our 330 million well-armed Americans from an attack by 25 million emaciated, near-sighted North Koreans.

Continue reading →

Middle class seniors forced to pay for that 40% corporate tax cut with reductions to Medicare

Happy holidays came a few days early for big corporations and rich shareholders. Their income tax rate in 2018 will drop from 35% to 21% – exactly a 40% decrease.

Next year, Medicare premiums will go from $109 to $134 per month – a 23% increase in one year. This additional deduction from Social Security benefits wipes out the proposed minimal 2% cost of living increase for most seniors, leaving them with no increase, just inflation losses.

The argument goes that most corporations deserve a tax decrease, because they pay higher income taxes (35%) here than in some other countries. Concerned about the tax burden on our “job creators”, I put together this list of the top 30 largest companies (sales) and what they paid in income tax in 2016.

All told, these firms paid $114.9 billion of income tax on $4,108 billion in sales, or 2.76% rate on sales. Continue reading →

Ryan thinks he is John Galt – defender of the rich, enemy of the poor, not a denizen of the swamp?

Ayn Rand’s novel, Atlas Shrugged, begins with a simple question: Who is John Galt?

The answer comes in the last third of that 1957 book, where Galt emerges as the champion of capitalism and defender of Rand’s Objectivism philosophy, which has opposed:

  • Child and Adult Care Food Program
  • Federal Housing Assistance
  • Food Stamps
  • Head Start
  • Low-Income Home Energy Assistance Program
  • Medicare & Medicaid
  • Nationalized Health Care
  • School Lunch and Breakfast Programs
  • Social Security
  • Special Supplemental Nutrition Program
  • State Children’s Health Insurance Program
  • Temporary Assistance for Needy Families
  • The Pension Benefit Guaranty Corporation
  • Title XX Social Services Block Grant Program
  • Trade Adjustment Assistance
  • Workers’ Compensation

Galt was not real, but he was a hero to the children of many wealthy families. These sheltered capitalists-in-training saw Ayn Rand as a hero, because she espoused that caring for nobody but yourself was not selfish, but a virtue. Continue reading →

GOP House passes plan to raise Medicare eligibility age to 67, then turn it over to insurance companies

Time after time, Mr. Donald Trump promised no cuts to Medicare and Social Security, but the current leader of the nation and Republican Party now seems to have a change of heart – to put it very kindly – or he has just wandered even deeper into the swamp.

It could be the President is distracted by his fake plan to lower taxes for the middle class  and so he hasn’t noticed the GOP-dominated House passed its 2018 budget resolution on Thursday by a vote of 219-206. The cunning House Speaker Paul Ryan led his swarm to approve  cutting $1.5 trillion from Medicare and Medicaid. Eighteen Republicans voted against the resolution, along with all the attending Democrats.

Robert Roach, who heads the Alliance for Retired Americans, was furious at the news: Continue reading →

GOP plan to end “Death Tax” means the billionaires will be overjoyed, while the rest of us pay the bills

Tuesday, 4/4/17: examining entire fake “Russian Dossier” on Donald Trump!

Estate tax percentages have varied in recent history, ranging from 55% in 2000 under George Bush #1 to 35% under Barack Obama and now 40% under Donald Trump. The GOP wants it to be zero.

300px-Estate_Tax_Returns_as_a_Percentage_of_Adult_Deaths,_1982_-_2010Currently, couples with less than about $11,000,000 pay no estate tax. On amounts above that, the government takes 40% for taxes. The history of the estate tax revolves around the desire for fair taxation of the richest Americans to pay for public programs.

Eliminating the estate tax will aid any couple who die with more than $11 million (current deduction), and the GOP argues that this would affect many small businesses, which would have to sell land or equipment to pay the tax.

I have an idea that should please the GOP and still maintain some sanity in our progressive tax system. This is in addition to the 123 Plan, which easily adds $54 billion in revenues to the federal budget this year.

Only apply the estate tax to those whose estates are $1 Billion or more, but raise the rate to Bush #1 rate of 55%.

That would generate $1,514,425,000,000, or $1.5 Trillion that the rest of us won’t have to pay in income and other taxes. This revenue is calculated by taking the total current Forbes wealth of all American billionaires and assuming they will die someday and have to pay the estate tax.

If there is no estate tax, they will avoid $1.5 trillion in taxes.

Who are these billionaires. Check the list Continue reading →

How to instantly add $54 billion to Trump budget revenues and end every cut to every department

It’s as easy as: one, two, three!

The 2018 Donald Trump Federal Budget can be balanced, even when including nearly $54 billion in increased Defense Department spending, and not one federal department would require any cuts in spending.

These are the proposed $54 billion in department cuts that would not have to take effect under my 123 Plan:

Agriculture 2018 Budget

  • Eliminates $500 million Water and Wastewater loan/grant program
  • Eliminates $200 million McGovern-Dole International Food for Education program
  • Cuts Women, Infants and Children nutrition assistance from $6.4 billion to $6.2 billion
  • Unspecified staff reductions at USDA service center agencies
  • Cuts $95 million from Rural Business and Cooperative Service

Continue reading →

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