Here Comes The Tax Reform Challenge…

The issue we historically held with Mick ‘Cantalopes’ Mulvaney, was his direct association with Speaker Ryan when it comes to tax/budget plans. Thankfully, so far, Mulvaney has outperformed expectations and our fears have not been seen in Trump policy. We are cautiously optimistic.

One AP article disingenuously previously reported the White House was moving away from the initial campaign tax reform proposal. That outline was pure gas-lighting. The central issue of tax plan disparity centers around import tax tariffs and various alternative proposals.

House Speaker Paul Ryan is all-in with his “Border Adjustment Tax”, it is part of his larger ‘Better Way’ tax agenda. Apparently, according to The Hill, Mulvaney is not in alignment with Ryan. Good. The bottom line is Ryan’s plan is Tom Donohue’s plan. Ryan’s “Better Way” is the construct of the U.S. Chamber of Commerce.

President Trump is not in line with the complex Border Adjustment Tax nonsense. We’ll have to wait and see how this shakes out in the weeks ahead.

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Modern Economics: Trumponomics, Politics and The Import Export Bank…

President Trump has expressed support for the continuation of the Import/Export bank. This has seemingly shocked a few people from conservative circles because the modern conservative doctrine has been to oppose the I/E bank.

However, Trump’s position hopefully does not come as a surprise to CTH readers because we identified a year ago how President Trump’s economic policies would seek to refocus the original intent of the Import Export Bank.

The key aspect is to return the IE to its “original intent“; not the bastardized Wall Street construct that exists today as a result of corrupt DC economic policies driven by the Wall Street’s legislative priorities purchased by multinational banks and corporations.

For more than three decades Wall Street has corrupted the economic policies emanating from DC.  The corrupted economic policy created the two economies previously discussed and the disconnected the engine of Main Street from Wall Street.  Yes, we originally shared this discussion in April of 2016, a year ago:

In 2009 the popular conservative opinion was to declare the Supreme Court’s Citizens United decision a win for “our side“. Of course, the decision ultimately opened the floodgates for unlimited corporate spending in elections via the new Super-PAC approach.

In 2016 90% of all American’s polled believe there is too much special interest money in politics, and both political parties no longer need the financial support of the electorate. Corporate lobbyists were always problematic, but now in a post CU world they control almost every aspect of electoral politics – including who wins elections. Citizens United wasn’t a win, its consequence was a major fail.

Within that reality you find one of the synergies between candidate Donald Trump and former candidate Bernie Sanders. The popular insurgencies supporting each candidate rail against the corrupting corporate financial influence. Party leadership? Meh, not-so-much.

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President Trump and Secretary of Defense Mattis: “We’re Not Going Into Syria”…

President Trump and Defense Secretary Mattis both gave almost identical responses today when asked about the future administration policy toward Syria.   Secretary Mattis speaking from the Pentagon stated:

…”I think what we have to look at here is a policy decision by the United States.  There is a limit to what we can do.  And when you look at what happened with this chemical attack we knew that we could not stand passive on this.  But it was not a statement that we could enter full-fledged, full-bore, into the most complex civil war probably waging on the planet at this time.”  (link)

President Trump speaking to the New York Post stated:

(Via New York Post) Amid complaints that his aides are saying different things about Syria and his policy is confusing, President Trump emphatically cleared the air.

“We’re not going into Syria,” he told me yesterday in an exclusive interview. “Our policy is the same — it hasn’t changed. We’re not going into Syria.”

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President Trump Leads Cabinet and CEO Forum Discussion on Economic Growth…

Earlier today President Trump lead a discussion forum at the State Department library with cabinet members and corporate CEO’s to discuss ongoing economic policy and hear about the challenges.

One of the main challenges communicated by the business group was… wait for it.., yep, ObamaCare.  This concern is directly connected to any tax reform plans, and cuts to the heart of President Trump’s earlier economic strategy.

ObamaCare is, at the core, a massive tax program; and it becomes more difficult to navigate tax reform, with the anchor of ObamaCare dragging down opportunity for economic growth and the revenue growth that accompanies expansion.

[Transcript] 10:55 A.M. EDT – THE PRESIDENT:  Thank you all for being here.  Very much appreciate it.  I want to thank Steve Schwarzman for putting together this very incredible group of world-class business leaders.  That’s what you are.

Also, joining us are Secretary Betsy DeVos, Secretary Wilbur Ross, Secretary Elaine Chao, EPA Administrator Scott Pruitt, and my budget director, Mick Mulvaney.  That’s an easy job.  Where’s Mick?  (Laughter.)  Such an easy job.  It’s the easiest job of anybody in the government — right, Mick?

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Mark Steyn Has Excellent Analysis on Trump’s Syria Action…

Political commentator and extraordinarily brilliant satirist Mark Steyn was on Fox and Friends this morning to provide his perspective on President Trump’s decision to take action in Syria.

Steyn brilliantly frames the issues. [Hat Tip Stella]

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Additionally, a point that apparently needs to be made. Idiot MSM pundits like Jake Tapper, though it’s not exclusive to Tapper, keep pointing out the 2013 tweet by President Trump warning Obama about action in Syria and framing their narrative about “what changed?” etc.

Just for clarity. Between the 2013 tweet by non candidate Trump and the 2017 action by President Trump, there was a 2014 Authorization for Use of Military Force (AUMF) voted and approved by Senate committee  permitting military action in Syria against the backdrop of chemical weapon use and terrorism.

I swear sometimes the MSM are flippin’ idiots, then I remind myself of the David Mamet principle: “In order for left-wing ideologues to keep espousing their cognitively disconnected talking points they need to pretend they don’t know things.

Yes, indeed.  Pretending not to know things is a useful pretense.

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President Trump and President Xi Hold Talks in Mar-a-lago…

Today President Trump and President Xi JinPing of China conducted bi-lateral meetings to discuss ongoing concerns surrounding trade, finance, military engagement, and the need for China to assist in leverage over North Korea’s hostilities.

[Transcript] 11:22 A.M. EDT – PRESIDENT TRUMP:  I just want to say that President Xi and all of his representatives have been really interesting to be with.  I think we have made tremendous progress in our relationship with China.  My representatives have been meeting one-on-one with their counterparts from China.  And I think, truly, progress has been made.  We’ll be making a lot of additional progress.

The relationship developed by President Xi and myself I think is outstanding.  We look forward to being together many times in the future.  And I believe lots of very potentially bad problems will be going away.

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President Trump and VP Pence Host American Business Town Hall…

This morning President Trump and Vice-President Pence hosted a town hall on American Business.  The town hall consisted of CEOs and business leaders gathered to discuss infrastructure and the need to reduce regulations in order to help alleviate the restrictions that have plagued businesses.

[TRANSCRIPT] 10:41 A.M. EDT – THE VICE PRESIDENT:  It’s a great privilege to be able to welcome you to the White House.  Thank you so much.  I want to thank everyone involved in the Partnership for New York City — Michael Corbat, Stephen Schwarzman.

It’s an honor to have the leaders that are gathered in the room here with us today.  I know the President is on his way over, and it’s my great privilege this morning to share a few thoughts, in the midst of this important conversation on the topics that you’re covering before I introduce my friend and the 45th President of the United States.

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Epic Sunday Talk: Commerce Secretary Ross -vs- Jake Tapper…

Oh man, THIS is epic. 

This is what happens when you take an intellectual gnat carrying nothing but ‘talking points’ (Tapper), and have them interview a Subject Matter Expert (Ross).

Secretary Wilburine hilariously flicks off the stuttering gnat with an immediate ‘Triple Farkas‘.

• Tapper: Muh “Chinese currency manipulation”?
• Wilburine: ‘I’m the Secretary of Commerce not Treasury’.

• Tapper: Muh “Well, Builder Trump used Chinese steel to build”?
• Wilburine: ‘Builders hire contractors, they purchase materials’.

• Tapper: Muh “But, but… Trump signed XO in different room”?
• Wilburine: ‘Where President Trump signs orders is not of particular concern’.

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Important note: Notice how not a single question of Commerce Secretary Wilbur Ross was related in any way to commerce or trade.

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Jordan’s King Abdullah III Will Visit White House Wednesday April 5th…

Holy Cats !!  No-one is watching this intensely important stuff. It’s all happening right in front of media, yet seemingly it’s under their radar. Previously it was reported that President Abdel Fattah al-Sisi of Egypt is coming to the White House on Monday April 3rd.

President al-Sisi’s Monday visit is a huge deal all by itself (more on that later).  However, additionally today the White House announces Sisi’s ideological and regional BFF, Jordan’s King Abdullah III, is arriving on Wednesday.  No coincidences there.

[White House] President Donald J. Trump looks forward to welcoming King Abdullah II of Jordan to the White House on April 5.  President Trump and King Abdullah will exchange views on a range of shared interests in the Middle East, including how the United States and Jordan can best defeat ISIS, end the conflict in Syria, and advance peace between Israelis and Palestinians.  The two leaders will also discuss how to further strengthen cooperation between the United States and Jordan and promote peace and prosperity in the Middle East.

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