Category Archives: Donald Trump

If Trump had kept his campaign promise, a $50k couple would save an extra $2,739 in 2018 taxes

House Speaker Paul Ryan’s new tax law will save less than $9 a week for most working Americans, and many may receive cuts as little as $2.70. Meanwhile, a $1 million filer will gain $628 a week. The GOP plan smells like a few peanuts for the middle class and the elephant’s share of the tax cut designated for the very rich.

Let’s examine how the 2018 income tax really works, compared to what we were promised during the election campaign.

Current law now taxes a married couple for every dollar earned that exceeds $24,000 a year. Last year’s tax floor was $20,800, or a difference of $3,200.

Anyone earning exactly $24,000 in 2018 will save income tax of 10% of that $3,200, or $6.15 a week, versus last year.

What do you do with this $6.15 tax cut? If you are taking Xarelto for heart problems, as millions do, your tax bonanza won’t cover that drug’s $80 a month increase, or offset higher gas prices, or, or…

But what would have happened if candidate Donald Trump’s original tax plan had been adopted? Continue reading →

Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty

The inlaid walnut table in the corporate boardroom held 12 on either side and two or three at each end, and the execs were all perched, prepped to pounce, when I dragged in my 2001 budget – 1015 pages of spreadsheet and other sheet.

As division CEO of a NYSE-listed publishing company with nearly a billion dollars sales, my pitch was explain how I would increase sales, restrain costs and improve the value of the newspapers I published.

What could go wrong? In the past year sales were up, but more important, the bottom line jumped from about a $200,000 loss to an $860,000 profit before taxes.

Since most of my employees were salaried – meaning they worked long hours without overtime compensation – my proposed budget included a four percent average pay increase. That four percent, I was told, was a big mistake. 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 →

$4,000 Wage hike “Fake News” from the White House – whatever happened to Trump promise of “no taxes for a couple earning less than $50,000”


UPDATE to April 2017 post, Russian Dossier with complete text: DNC and Clinton campaign paid for Fusion GPS  report used by FBI to investigate President.


The following was emailed to me on Saturday from the White House.

TRUMP PENCE WEEKLY NEWSLETTER 10.21.17
TAX CUTS FOR REAL AMERICANS

President Trump is working harder than ever to bring tax reform to middle class Americans, including the biggest tax cut in American history. This week, the President took his case to conservative leaders, seeking their support in pushing Congress to pass a tax reform bill, he said, “We need…help…to get our tax cuts through the house, through the Senate, and to my desk for signature.” Now is the time for all Republicans in Congress and maybe even patriotic Democrats to come together and support major tax reform that will boost wages and deliver families a $4,000 annual pay raise. We must get Congress on board, in order to deliver tax relief to hard-working Americans. Call and remind your Representative and Senators to support the President’s Middle Class Miracle today.

Although I am retired and there is no boss to give me a pay raise, I imagined that, at least, my children and grandchildren would benefit, and perhaps send me a fancier birthday card or buy me a funny hat with all the extra cash in their checking accounts.

And after learning that I am a “Real American”, according to this government email, I wondered: “could this $4,000 pay raise be real?” I turned to YouTube, where your computer screen seems to come alive with the voice of Mr. Trump and Bill Nye, among others, and found the President making this same promise: 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 →

Trump ignores own warning about tech swamp snakes; now IBM has more jobs in India than U.S.

IBM’s chief executive, Ginni Rometty was anxious to meet with the newly-elected Donald Trump in December, last year, and she pledged that her tech firm would create 25,000 new American jobs. She also promised that IBM will be investing in the United States by bringing $1 billion to create training programs and opening new offices.

Promises are cheap. But Mr. Trump was quick to praise Rometty, and even included her in the June 19 Tech Summit, pushed by his son-in-law, Jared Kushner. A tech council was supposed to be formed at that time, but nothing happened since then.

What did happen is that these companies, virtually all of them, continued to send jobs overseas and/or hire foreign workers on Visa programs to replace American workers.

No better example is IBM. Rometty’s promise to hire 25,000 workers was “clarified” to mean 25,000 workers over the next four years, and the reaction from employees was harsh: Continue reading →

Fake campaign promise by Trump to lower taxes has reduced his Presidency to swimming in the swamp

“If you’re single and earn less than $25,000 per year, or married and jointly, and jointly earn less than $50,000 – so very important – if you’re single and make less than $25,000 or married and jointly earn less than $50,000, you’ll not pay any income tax. Nothing.” – Donald Trump

September 29, 2015

@2:00 – Less than $25,000 or jointly less than $50,000, pay no taxes


February 3, 2017

In January President Trump took office and almost immediately lowered the benefits of his “middle class” tax plan. Suddenly, the $25,000 and $50,000 standard deductions promised on the campaign were slashed 40% to just $30,000 and $15,000. Continue reading →

Juster is no jester – just ask his Trilateral Commission comrades their plans for India

“The Trilateral Commission is a skillful, coordinated effort to seize control and consolidate the four centers of power – political, monetary, intellectual, and ecclesiastical. All this is to be done in the interest of creating a more peaceful, more productive world.”  – Senator Barry Goldwater

If you ever wondered how to feed the alligators in the swamp…

Senior VP of Federation of Indian Chambers of Commerce and Industry (FICCI) Onkar S. Kanwar (L) shakes hands with US Under Secretary of Commerce Kenneth I. Juster

In February, former globalist Trilateral Commission star Kenneth Juster became a member of the National Security Council. He had to resign from the Trilaterals, because they don’t allow you to have two masters at the same time. In just seconds he went from hugs for fellow traveler Madam Madeleine Jana Korbel Albright to shrugs for alleged swamp drainer Mr. Donald Trump.

Not to be outdone for disappointing his supporters once by appointing Juster to high office, Trump struck again at the beginning of September with a new honor – nomination to be Ambassador to India, a job vacant since January 20. Continue reading →

Deep State, bankers, corporations, and politicians combine to “Keep America Just Like It Is Now”

“Everyone is entitled to their opinion.”

National Security Council (NSC) Advisor Herb Ray McMaster apparently disagrees with that adage, and fired staffer Rich Higgins for spilling the beans on the Deep State of corporate cronies, intellectual phonies and political hacks.

Higgins served NSC’s strategic-planning office as director for strategic planning. He was fired on July 21.

The memo, written near the end of May, said the mindset within the White House is inadequate to the threat:

This is not politics as usual but rather political warfare at an unprecedented level that is openly engaged in the direct targeting of a seated president through manipulation of the news cycle. It must be recognized on its own terms so that immediate action can be taken.

Rich-Higgins

Rich Higgins

Earlier this year, Higgins had pushed to declassify documents dealing with radical Islam and Iran, including Presidential Study Directive 11, produced by the Obama administration before the Arab Spring, that outlined unrest throughout the Middle East, according to a report in The Atlantic.

McMaster also recently fired Derek Harvey, senior director for the NSC Middle East strategy. Before removal, Harvey produced a list of NSC holdovers from the Obama Administration and presented it to McMaster, who declined to fire them, the report said.

This past week, McMaster was touted by Sen. John McCain, many mass media pundits, Democrat Party leadership and the Council on American-Islamic Relations (CAIR). Continue reading →

Donald Trump will easily win the Wall Street vote!

President Donald Trump in February 2016:

“I know the guys at Goldman Sachs. They have total, total control over him (Ted Cruz). Just like they have total control over Hillary Clinton.”

Times have changed and there are now suggestions to rename the “East Wing” to “Hedge Fund Headquarters.”

Or more accurately – “GS Village in the Capitol.” This is the place where old bean counters and masters of economic disaster gather to decide how much financial misery the “little people” will endure without revolting.

A good and quick example is Anthony Scaramucci, He worked at Goldman Sachs‘s Investment Banking, Equities, and Private Wealth Management divisions from 1989 to 1996. Flamboyant, like his fictional counterpart, he lasted ten days before Trump replaced him with a retired general. The president’s picks for his cabinet tend to be either Wall Street bankers or multi-star generals. Guns and promises of rose gardens?

But GS and the financial class are hardly left without influence, despite Continue reading →

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