Short interview with Office of Management and Budget (OMB) Director Mick Mulvaney discussing ObamaCare and the potential for Tax Reform. Unfortunately, one of the key budgetary issues with the failure of ObamaCare reform is the downstream effect on any middle-class tax reform.
Within ObamaCare’s current -mostly political- structure, the expansive growth of Medicaid means tax-paying workers will pay more for insurance premiums and will also be held captive to the need for additional revenue to pay for medicaid; a double whammy.
If you alert your family not to schedule anything important on round-one NAFTA days, well, you might just be a trade and economics nerd. LOL Seriously, this is one of the biggest economic processes that falls almost exclusively outside of the reach of lobbyists. And within this entire NAFTA trade construct there is little to zero downside to walking away. If Team Trump don’t get what they want from a completely reworked trilateral agreement, they can always just eliminate NAFTA and work on bilateral agreements with Mexico and Canada as individual trade partners. Team USA hold all the leverage.
USTR is anticipating seven rounds of talks which will take place at three week intervals.
The first round is scheduled for August 16th through 20th in Washington DC.
Washington, D.C. – United States Trade Representative Robert Lighthizer today announced arrangements for the first round of negotiations for the North American Free Trade Agreement (NAFTA).
The first round of the negotiations between the United States, Canada and Mexico will take place in Washington, D.C. from August 16 – 20, 2017.
The negotiations immediately follows the 90-day consultation period with Congress and the public initiated on May 18, 2017. On that day, Ambassador Lighthizer notified Congress of President Trump’s intent to renegotiate NAFTA to get a better deal for America’s workers, farmers, businesses and manufacturers.
It would appear Mitch McConnell, and the larger congress, just lit the fuse on “the big ugly“. Winter is coming.
• President Trump has requested all Republican Senators to attend a White House luncheon, held entirely in their honor, tomorrow. • President Trump has also announced a MAGA rally to be held in Youngstown Ohio, next week. • Not coincidentally this rally announcement comes on the same day Ohio governor John Kasich writes an op-ed in the New York Times gleefully celebrating the defeat of the senate healthcare reform and ObamaCare repeal. • HHS Secretary Tom Price is NOT HAPPY.
Oh yeah, the Big Ugly is coming. President Trump is not a politician.
The failure of congress to pass Obamacare reform means the tax reform agenda for the middle class is now far less likely. The UniParty Congress know this. The UniParty Congress is doing the bidding of the lobbyists.
The escalating costs of ObamaCare, specifically because of the Medicaid expansion, means increased tax revenues are needed to pay for the program. John Kasich, and his crew of like-minded governors (there are eleven) demand their state get more federal dollars. This means more income tax revenues are needed. This means no middle-class tax relief. (more…)
Many years ago we accepted the UniParty. Shortly thereafter CTH broke away from political identity framed around arguments of party and personality; we chose to focus on policy and outcomes. Washington DC is a singular party, a UniParty. We have been explaining, countering and fighting “The Big Club” in DC for years; always following the money. President Trump is the first political entity in our lifetime that not only comprehends the faces of the false arguments (the personalities of false choice and controlled opposition), but more importantly sees the architects behind the Potemkin villages represented by those faces. When it comes to domestic economic policy, the architects are the BIG CLUB.
So, what is “The Big Club“? …What “Deep State” is to intelligence, military intervention and foreign policy – the “BIG CLUB” is to matters of domestic economics… Politicians do not write laws. Paul Ryan, Nancy Pelosi, Mitch McConnell and Chuck Schumer do not sit in their offices writing out scripts of laws and legislation; no politician does. Politicians are the faces who sell legislation that unseen hands create. The Big Club represents the hands that actually create legislation; lobbyist hands. (more…)
Various senators deliver remarks following the collapse of their ability to reform and replace ObamaCare with any alternative. Beginning with the controlled opposition position of Rand Paul and continuing with Mitch McConnell and the Senate GOP leadership (at 15:00 of video).
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What these insufferable politicians well understand is that any substantive tax reform will necessarily also be compromised by the flawed dynamics inside ObamaCare. That will have a negative downstream impact on any hope for economic growth. However, they are not stupid – they know this – that is their unified UniParty goal.
The increasing taxpayer costs to keep big government ObamaCare operational, for non-taxpaying medicaid recipients, means the middle-class is once again sacrificed at the altar of the Big Club.
American workers on the individual market will not only see increased insurance rates, but their income tax rates will also be higher as the need to subsidize the lower-income non-working group (medicaid) remains. (more…)
To understand the larger objectives of the global and financial elite it is important to understand the three-decade global financial construct they seek to protect. Global financial exploitation of national markets:
♦Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Since initially explaining this modern import/export dynamic some have asked for specific examples in order to gain a better understanding. There are a myriad of interests within each sector that make specific explanation very challenging. However, here’s an attempt. (more…)
Earlier today USTR Robert Lighthizer released President Trump’s NAFTA Objectives outline to congress and the American people. The NAFTA renegotiations are scheduled to begin in August.
The bilateral trade negotiations with the EU (European Union), S.E.A.N. (Southeast Asian Nations), China, U.K. and all other nations will follow -individually- after the NAFTA process is complete.
It cannot be overstated how critical this is. Please, please, understand. There are trillions of dollars at stake. All political opposition to President Donald Trump will increase in exponential severity as the dates of these renegotiated trade deals draws closer. There are trillions of dollars at stake. The entities outlined below will throw everything at the current administration in an effort to secure a better financial outcome for their interests.
Multinational Corporations, Wall Street interests and Multinational Financial stakeholders (mostly banks and foreign governments), have lobbied DC politicians for decades to create trade outcomes favorable to them. It is, at its core, the financial and policy cancer that has distributed America’s physical and financial wealth globally. Additionally, multinational corporate media are part of this entire process and are stakeholders in the outcomes. (more…)
We figured sooner or later this was going to happen. For three decades both Republicans and Democrats, the professional UniParty lobbyist benefactors, have sold-out America’s middle class wealth to multinational corporations and multinational banks.
All U.S. trade policy, especially the policies of Democrat politicians, have been determined by purchased interests by multinational corporations via DC lobbying expenditures. The U.S. Chamber of Commerce is one of those multinational special interest groups. It is not even debatable that this approach has taken place for decades under the UniParty flag.
The U.S. CoC actually wrote most of the globalist TPP trade agreement verbiage; and along with dozens of multinational organizations – the U.S. CoC pays off politicians of all stripes, colors and affiliated definitions to support the global financial agenda. ONLY TRUMP is independent enough to finally stop this economic usurpation. (more…)
The White House is unveiling a renewed focus on products ‘Made in America‘. Understandably those who oppose the overall America-First agenda immediately react to the effort by pointing out many of the Trump branded products are made overseas. However, many of those detractors miss the larger issue, while simultaneously their antagonistic efforts actually help the messaging campaign.
The larger America-First economic platform, and the ancillary ‘Made-in-America’ message, are targeted toward economic policy; the bigger picture. The goal is to make national policy reflect a “better option” for companies and manufacturers to produce products in the United States.
As long as the best business model for any company is to outsource manufacturing, that will be the outcome. The America-First policy objective is to change the underlying policy which in turn changes the business model for companies; making American product manufacturing the more cost effective approach.
The key economic message is always within the “why”? Why do companies make U.S. market products overseas? Focus policy on the why, and natural fair market economics will self-correct.
Often those discussing jobs and manufacturing argue the driver of production is “cheap labor”. However, those making that argument also cite increased “automation” in manufacturing. These two arguments are mutually exclusive. If modern manufacturing is now heavily automated the ‘cheap labor’ argument holds far less merit.
Today, President Donald J. Trump will host companies from across the country at the White House for the Made in America Product Showcase.
The White House is highlighting and celebrating each state’s effort and commitment to American made products by bringing in and showing off products from all 50 states that are made and produced in the United States.
Attendees include: (more…)
