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Hillary: US Democracy is Now in a "Full-fledged Crisis" Under Trump
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May 22, 2018 17:32:53   #
waltmoreno
 
permafrost wrote:
Spin,

You seem smitten by two items.. the employment level and the stock market.. So let us have a look..

employment..remember President Obama had to fight for recovery from the worse recession in 70 yrs... trump was given a recovered world wide economy and done little with it..



Investing #TrumpsAmerica

J** 6, 2018 @ 03:12 AM 48,678 The Little Black Book of Billionaire Secrets
President Trump's First Year Of Job Growth Was Below President Obama's Last Six Years


https://www.forbes.com/sites/chuckjones/2018/01/06/president-trumps-first-year-of-job-growth-was-below-president-obamas-last-six-years/#130ee56325ab

Chuck Jones , CONTRIBUTOR
I cover technology companies, worldwide economies and the stock market
Opinions expressed by Forbes Contributors are their own.
On Friday the Bureau of Labor Statistics reported that the economy added 148,000 nonfarm jobs in December but only 139,000 when the revisions for October and November are included. A better way to understand how the job market is doing is to include the revisions and look at a multi-month average. This is especially important due to the impact of Hurricanes Harvey and Irma since September only added 38,000 jobs.

Updated BLS information now has Trump now only being behind Obama's last 4 years vs. 6.

These are the original and updated numbers.

2011: 2.091 million

2012: 2.142 million

2013: 2.302 million

2014: 2.998 millon


2015: 2.713 million

2016: 2.240 million

2017 original: 2.046 million

2017 updated: 2.188 million

Over the September to December timeframe, there were 163,000 additional jobs per month and for the year 171,000 jobs were added monthly. This compares to President Obama’s last six years where the job market averaged at least 174,000 per month and hit 250,000 in 2014. It isn’t too surprising that job growth has slowed since the unemployment rate has dropped to very low levels.

While the job number was below expectations, the Dow Industrials increased 220 points or 0.9%, the S&P 500 was up 19 points or 0.7% and the NASDAQ gained 58 or 0.8%.

President Trump’s goal is for 25 million more jobs over 10 years, and for last year 2.06 million jobs were added. Since the job market naturally grows by 1% to 2% a year the 25 million should be made without much help from policies such as tax reform. One impediment from hitting 25 million could be lower immigration especially since the unemployment rate is at 4.1% and the US’ population only provides 60,000 to 80,000 people entering the job market per month.

The unemployment rate remained 4.1%, which is the lowest since December 2000’s 3.9% when the GDP grew 4.1% during the tech bubble. The participation rate of 62.7% has been essentially flat over the past four years, which also means it will be hard to increase the number of jobs added by much more than 2 million per year.


Stock market.... record bull market under President Obama... trump promised deregulation and tax gift, which has been used to drive market up for upper management profit.. Hope you got in on this...

Do you think deregulation and tax gifts are for the people who pull a pay check?? How long is your idea of "over"? We will see a down turn. When, I have no idea.. No one seems to..

Darn, the graphs did not come thru... sorry about that.. trump not so good numbers when he is not quoting them.. The world seems to see things in a different light..

https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html


Stock Market’s Rise, Lauded by
Trump, Lags the Gains Under Obama
By KARL RUSSELL and KEITH COLLINS JAN. 5, 2018

President Trump has routinely celebrated, and taken credit for, the stock market’s record-setting climb during his first year in office.

Optimism around the new tax code, as well as a relaxed regulatory climate, has helped drive the Standard & Poor’s 500-stock index’s 21 percent rise since Mr. Trump took office. But that performance falls short of the market’s gains during the first years of the presidencies of Barack Obama and the elder George Bush.

The stock market rose
higher in two previous terms.

+40

%

S.& P. 500-Stock Index

Obama

+33.7%

Percentage changes in the closes of the first 243 trading days of each

president’s term, compared with President Trump’s, through Friday.

+30

H.W. Bush

+22.8%

+20

Trump

+21.2%

+10

Clinton

+7.3%

0

Reagan

–8.7%

–10

W. Bush

–14.7%

–20

–30

1

Number of trading days

50

100

150

200

243

Source: Thomson Reuters
Mr. Obama took office amid the financial crisis. Stocks were in a freefall and hit bottom nearly two months after his inauguration. Equities then rebounded and finished Mr. Obama’s first year up more than 30 percent.

Mr. Trump, by contrast, became president during one of the longest sustained bull markets in history, and stocks have continued to set record highs during his tenure.

This run is a continuation of one
of the longest bull markets ever.

3,000

2,000

S.& P. 500-stock index

Scale is logarithmic to show

comparable percentage changes

1,000

800

600

Reagan

H.W. Bush

Clinton

W. Bush

Obama

Trump

400

200

1981

1989

1993

2001

2009

2017

Source: Thomson Reuters
At more than 3,200 days and counting, this nearly nine-year bull market run trails only the boom from 1987 to 2000. And the momentum suggests the market could climb further upward.

It’s unusual for any president to take credit (or blame) for stock market performance, but in Twitter posts and speeches, Mr. Trump has continually trumpeted the success of the market as a direct result of his actions.

As with any time the stock market shoots upward, the inevitable question is when it will fall, and now, what Mr. Trump will say if it does.
Spin, br br You seem smitten by two items.. the e... (show quote)


How's that old saying go, "a fool can use statistics to prove anything."
Yawn.

Reply
May 22, 2018 17:43:58   #
EmilyD
 
fullspinzoo wrote:
Not a bad idea. I'll bet America is up for it more than Trump. so far a great job. Here's a list: And remember Trump ended the religious war that Obama started against groups like "Little Sisters of the Poor". https://www.realclearpolitics.com/articles/2017/12/30/trumps_2017_top_10_achievements_135885.html


That's the top 10 - Here are other things he's accomplished since taking office: http://www.magapill.com/

Reply
May 22, 2018 18:00:44   #
permafrost Loc: Minnesota
 
waltmoreno wrote:
How's that old saying go, "a fool can use statistics to prove anything."
Yawn.



You prove what they say about the right wing is true....





Reply
 
 
May 22, 2018 18:14:13   #
Mikeyavelli
 
permafrost wrote:
Spin,

You seem smitten by two items.. the employment level and the stock market.. So let us have a look..

employment..remember President Obama had to fight for recovery from the worse recession in 70 yrs... trump was given a recovered world wide economy and done little with it..



Investing #TrumpsAmerica

J** 6, 2018 @ 03:12 AM 48,678 The Little Black Book of Billionaire Secrets
President Trump's First Year Of Job Growth Was Below President Obama's Last Six Years


https://www.forbes.com/sites/chuckjones/2018/01/06/president-trumps-first-year-of-job-growth-was-below-president-obamas-last-six-years/#130ee56325ab

Chuck Jones , CONTRIBUTOR
I cover technology companies, worldwide economies and the stock market
Opinions expressed by Forbes Contributors are their own.
On Friday the Bureau of Labor Statistics reported that the economy added 148,000 nonfarm jobs in December but only 139,000 when the revisions for October and November are included. A better way to understand how the job market is doing is to include the revisions and look at a multi-month average. This is especially important due to the impact of Hurricanes Harvey and Irma since September only added 38,000 jobs.

Updated BLS information now has Trump now only being behind Obama's last 4 years vs. 6.

These are the original and updated numbers.

2011: 2.091 million

2012: 2.142 million

2013: 2.302 million

2014: 2.998 millon


2015: 2.713 million

2016: 2.240 million

2017 original: 2.046 million

2017 updated: 2.188 million

Over the September to December timeframe, there were 163,000 additional jobs per month and for the year 171,000 jobs were added monthly. This compares to President Obama’s last six years where the job market averaged at least 174,000 per month and hit 250,000 in 2014. It isn’t too surprising that job growth has slowed since the unemployment rate has dropped to very low levels.

While the job number was below expectations, the Dow Industrials increased 220 points or 0.9%, the S&P 500 was up 19 points or 0.7% and the NASDAQ gained 58 or 0.8%.

President Trump’s goal is for 25 million more jobs over 10 years, and for last year 2.06 million jobs were added. Since the job market naturally grows by 1% to 2% a year the 25 million should be made without much help from policies such as tax reform. One impediment from hitting 25 million could be lower immigration especially since the unemployment rate is at 4.1% and the US’ population only provides 60,000 to 80,000 people entering the job market per month.

The unemployment rate remained 4.1%, which is the lowest since December 2000’s 3.9% when the GDP grew 4.1% during the tech bubble. The participation rate of 62.7% has been essentially flat over the past four years, which also means it will be hard to increase the number of jobs added by much more than 2 million per year.


Stock market.... record bull market under President Obama... trump promised deregulation and tax gift, which has been used to drive market up for upper management profit.. Hope you got in on this...

Do you think deregulation and tax gifts are for the people who pull a pay check?? How long is your idea of "over"? We will see a down turn. When, I have no idea.. No one seems to..

Darn, the graphs did not come thru... sorry about that.. trump not so good numbers when he is not quoting them.. The world seems to see things in a different light..

https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html


Stock Market’s Rise, Lauded by
Trump, Lags the Gains Under Obama
By KARL RUSSELL and KEITH COLLINS JAN. 5, 2018

President Trump has routinely celebrated, and taken credit for, the stock market’s record-setting climb during his first year in office.

Optimism around the new tax code, as well as a relaxed regulatory climate, has helped drive the Standard & Poor’s 500-stock index’s 21 percent rise since Mr. Trump took office. But that performance falls short of the market’s gains during the first years of the presidencies of Barack Obama and the elder George Bush.

The stock market rose
higher in two previous terms.

+40

%

S.& P. 500-Stock Index

Obama

+33.7%

Percentage changes in the closes of the first 243 trading days of each

president’s term, compared with President Trump’s, through Friday.

+30

H.W. Bush

+22.8%

+20

Trump

+21.2%

+10

Clinton

+7.3%

0

Reagan

–8.7%

–10

W. Bush

–14.7%

–20

–30

1

Number of trading days

50

100

150

200

243

Source: Thomson Reuters
Mr. Obama took office amid the financial crisis. Stocks were in a freefall and hit bottom nearly two months after his inauguration. Equities then rebounded and finished Mr. Obama’s first year up more than 30 percent.

Mr. Trump, by contrast, became president during one of the longest sustained bull markets in history, and stocks have continued to set record highs during his tenure.

This run is a continuation of one
of the longest bull markets ever.

3,000

2,000

S.& P. 500-stock index

Scale is logarithmic to show

comparable percentage changes

1,000

800

600

Reagan

H.W. Bush

Clinton

W. Bush

Obama

Trump

400

200

1981

1989

1993

2001

2009

2017

Source: Thomson Reuters
At more than 3,200 days and counting, this nearly nine-year bull market run trails only the boom from 1987 to 2000. And the momentum suggests the market could climb further upward.

It’s unusual for any president to take credit (or blame) for stock market performance, but in Twitter posts and speeches, Mr. Trump has continually trumpeted the success of the market as a direct result of his actions.

As with any time the stock market shoots upward, the inevitable question is when it will fall, and now, what Mr. Trump will say if it does.
Spin, br br You seem smitten by two items.. the e... (show quote)


Uhh, the day after T***p w*n my financial advisor called me and said that we had a lot of rearranging to do to maximize the Trump market. Made over 500 grand. If hilliar had won, I'd be down 500 grand.

Reply
May 22, 2018 19:12:08   #
permafrost Loc: Minnesota
 
Mikeyavelli wrote:
Uhh, the day after T***p w*n my financial advisor called me and said that we had a lot of rearranging to do to maximize the Trump market. Made over 500 grand. If hilliar had won, I'd be down 500 grand.




With that much l**t, you should find something better to do than hang out on OPP with normal people...



Reply
May 22, 2018 19:13:33   #
teabag09
 
You need to get a freaking life. I can't understand how one person can be so wrong all of the time and live with themselves! Mike
Lonewolf wrote:
most of your list are things trump also wants to do besides being -president forever

Reply
May 22, 2018 19:48:49   #
fullspinzoo
 
permafrost wrote:
Spin,

You seem smitten by two items.. the employment level and the stock market.. So let us have a look..

employment..remember President Obama had to fight for recovery from the worse recession in 70 yrs... trump was given a recovered world wide economy and done little with it..



Investing #TrumpsAmerica

J** 6, 2018 @ 03:12 AM 48,678 The Little Black Book of Billionaire Secrets
President Trump's First Year Of Job Growth Was Below President Obama's Last Six Years


https://www.forbes.com/sites/chuckjones/2018/01/06/president-trumps-first-year-of-job-growth-was-below-president-obamas-last-six-years/#130ee56325ab

Chuck Jones , CONTRIBUTOR
I cover technology companies, worldwide economies and the stock market
Opinions expressed by Forbes Contributors are their own.
On Friday the Bureau of Labor Statistics reported that the economy added 148,000 nonfarm jobs in December but only 139,000 when the revisions for October and November are included. A better way to understand how the job market is doing is to include the revisions and look at a multi-month average. This is especially important due to the impact of Hurricanes Harvey and Irma since September only added 38,000 jobs.

Updated BLS information now has Trump now only being behind Obama's last 4 years vs. 6.

These are the original and updated numbers.

2011: 2.091 million

2012: 2.142 million

2013: 2.302 million

2014: 2.998 millon


2015: 2.713 million

2016: 2.240 million

2017 original: 2.046 million

2017 updated: 2.188 million

Over the September to December timeframe, there were 163,000 additional jobs per month and for the year 171,000 jobs were added monthly. This compares to President Obama’s last six years where the job market averaged at least 174,000 per month and hit 250,000 in 2014. It isn’t too surprising that job growth has slowed since the unemployment rate has dropped to very low levels.

While the job number was below expectations, the Dow Industrials increased 220 points or 0.9%, the S&P 500 was up 19 points or 0.7% and the NASDAQ gained 58 or 0.8%.

President Trump’s goal is for 25 million more jobs over 10 years, and for last year 2.06 million jobs were added. Since the job market naturally grows by 1% to 2% a year the 25 million should be made without much help from policies such as tax reform. One impediment from hitting 25 million could be lower immigration especially since the unemployment rate is at 4.1% and the US’ population only provides 60,000 to 80,000 people entering the job market per month.

The unemployment rate remained 4.1%, which is the lowest since December 2000’s 3.9% when the GDP grew 4.1% during the tech bubble. The participation rate of 62.7% has been essentially flat over the past four years, which also means it will be hard to increase the number of jobs added by much more than 2 million per year.


Stock market.... record bull market under President Obama... trump promised deregulation and tax gift, which has been used to drive market up for upper management profit.. Hope you got in on this...

Do you think deregulation and tax gifts are for the people who pull a pay check?? How long is your idea of "over"? We will see a down turn. When, I have no idea.. No one seems to..

Darn, the graphs did not come thru... sorry about that.. trump not so good numbers when he is not quoting them.. The world seems to see things in a different light..

https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html


Stock Market’s Rise, Lauded by
Trump, Lags the Gains Under Obama
By KARL RUSSELL and KEITH COLLINS JAN. 5, 2018

President Trump has routinely celebrated, and taken credit for, the stock market’s record-setting climb during his first year in office.

Optimism around the new tax code, as well as a relaxed regulatory climate, has helped drive the Standard & Poor’s 500-stock index’s 21 percent rise since Mr. Trump took office. But that performance falls short of the market’s gains during the first years of the presidencies of Barack Obama and the elder George Bush.

The stock market rose
higher in two previous terms.

+40

%

S.& P. 500-Stock Index

Obama

+33.7%

Percentage changes in the closes of the first 243 trading days of each

president’s term, compared with President Trump’s, through Friday.

+30

H.W. Bush

+22.8%

+20

Trump

+21.2%

+10

Clinton

+7.3%

0

Reagan

–8.7%

–10

W. Bush

–14.7%

–20

–30

1

Number of trading days

50

100

150

200

243

Source: Thomson Reuters
Mr. Obama took office amid the financial crisis. Stocks were in a freefall and hit bottom nearly two months after his inauguration. Equities then rebounded and finished Mr. Obama’s first year up more than 30 percent.

Mr. Trump, by contrast, became president during one of the longest sustained bull markets in history, and stocks have continued to set record highs during his tenure.

This run is a continuation of one
of the longest bull markets ever.

3,000

2,000

S.& P. 500-stock index

Scale is logarithmic to show

comparable percentage changes

1,000

800

600

Reagan

H.W. Bush

Clinton

W. Bush

Obama

Trump

400

200

1981

1989

1993

2001

2009

2017

Source: Thomson Reuters
At more than 3,200 days and counting, this nearly nine-year bull market run trails only the boom from 1987 to 2000. And the momentum suggests the market could climb further upward.

It’s unusual for any president to take credit (or blame) for stock market performance, but in Twitter posts and speeches, Mr. Trump has continually trumpeted the success of the market as a direct result of his actions.

As with any time the stock market shoots upward, the inevitable question is when it will fall, and now, what Mr. Trump will say if it does.
Spin, br br You seem smitten by two items.. the e... (show quote)

You try to paint a pretty picture. I don't see it. Talk to me in six months when half the guys you worship are in prison. It's just starting to unravel. the amount of corruption is unprecedented. I can't understand how a SMART guy like you could be on board with a bunch of crooks. Spies in the opponents campaign, Hillary the liar of all time, a party who puts together a dossier made up of nothing but lies and paid for by Hillary and the DNC, the FISA warrant that never should have been granted. The criminal behavior of the Left has been staggering. And you're OK with that.

Reply
May 22, 2018 20:04:36   #
permafrost Loc: Minnesota
 
fullspinzoo wrote:
You try to paint a pretty picture. I don't see it. Talk to me in six months when half the guys you worship are in prison. It's just starting to unravel. the amount of corruption is unprecedented. I can't understand how a SMART guy like you could be on board with a bunch of crooks. Spies in the opponents campaign, Hillary the liar of all time, a party who puts together a dossier made up of nothing but lies and paid for by Hillary and the DNC, the FISA warrant that never should have been granted. The criminal behavior of the Left has been staggering. And you're OK with that.
You try to paint a pretty picture. I don't see it... (show quote)




why in the world would they go to prison??

The endless investigation of Hillary is long gone..

trump is the enemy of the people..

no one else is investigated unless they are or were part of the orange tide..

Reply
May 22, 2018 20:11:56   #
fullspinzoo
 
permafrost wrote:
why in the world would they go to prison??

The endless investigation of Hillary is long gone..

trump is the enemy of the people..

no one else is investigated unless they are or were part of the orange tide..


'the corruption is running rampant. You wait and see. you must watch nothing but the C*******t News Network, who will tell you nothing close to the t***h. Was the employment level ever this low under Obama? For b****s, Hispanics, and women. BTW, Obama couldn't even contain ISIS and now we almost have them totally under control. Listening to Trump talk at the Pro-life summit. Pelosi says MS-13 members "have a spark of divinity" but says nothing about the unborn child. Sad. She will cause the worst fiasco for this country if we conservatives lose the House and she becomes Speaker. this woman is a coplete nut case. You should be proud. Trump stands for everything I believe in. Less govt, less regs, pro-life, peace through strength, no apology tours, he loves his country, no restraints on combat, you can fire first, you don't have to wait until you've been fired upon. I've talked to servicemen and women coming back. Some of the 'rules of engagement' were laughable. It was almost like Obama was rooting for the other side. Worst president in our lifetime.

Reply
May 22, 2018 20:26:04   #
permafrost Loc: Minnesota
 
fullspinzoo wrote:
'the corruption is running rampant. You wait and see. you must watch nothing but the C*******t News Network, who will tell you nothing close to the t***h. Was the employment level ever this low under Obama? For b****s, Hispanics, and women. BTW, Obama couldn't even contain ISIS and now we almost have them totally under control. Listening to Trump talk at the Pro-life summit. Pelosi says MS-13 members "have a spark of divinity" but says nothing about the unborn child. Sad. She will cause the worst fiasco for this country if we conservatives lose the House and she becomes Speaker. this woman is a coplete nut case. You should be proud.
'the corruption is running rampant. You wait and ... (show quote)




that is meaningless question.. President Obama reduced unemployment and built the economy for 70 consecutive months..

trump took over a recovered economy and reduced unemployment less then 1%... From 4.2 to 3. something..

The orange man has done nothing but fill his own pockets.. I do hope he does not skate and ends up in prison where he belongs..

The ISIS strategy did not change at all. It has been the same set up by President Obama and the military.. trump did allow local attack decisions to made. Which was a good thing to do..

I am pro-choice....

MS-13 is not as the right wing presents them.. they are not the threat that is feared.. just a gang that grew from rejection of representation.

I do not follow Pelosi enough to know if i like her or not..

Reply
May 22, 2018 20:32:13   #
fullspinzoo
 
permafrost wrote:
that is meaningless question.. President Obama reduced unemployment and built the economy for 70 consecutive months..

trump took over a recovered economy and reduced unemployment less then 1%... From 4.2 to 3. something..

The orange man has done nothing but fill his own pockets.. I do hope he does not skate and ends up in prison where he belongs..

The ISIS strategy did not change at all. It has been the same set up by President Obama and the military.. trump did allow local attack decisions to made. Which was a good thing to do..

I am pro-choice....

MS-13 is not as the right wing presents them.. they are not the threat that is feared.. just a gang that grew from rejection of representation.

I do not follow Pelosi enough to know if i like her or not..
that is meaningless question.. President Obama red... (show quote)


Pelosi is an i***t. She's and her big mouth are in the news constantly usually her saying something so stupid. Check her out once in awhile just for a good laugh. It's a tragedy tho think she might slightest chance. Right now biggest scandal in the history of our country: Trump being spied on by the opposition and probably given the go ahead by Obama. Pathetic.MS-13 is a treacherous ugly fact that you had better wake up to. Obviously, you just buy into what you want to hear. Very obvious.

Reply
May 22, 2018 20:32:21   #
permafrost Loc: Minnesota
 
fullspinzoo wrote:
'the corruption is running rampant. You wait and see. you must watch nothing but the C*******t News Network, who will tell you nothing close to the t***h. Was the employment level ever this low under Obama? For b****s, Hispanics, and women. BTW, Obama couldn't even contain ISIS and now we almost have them totally under control. Listening to Trump talk at the Pro-life summit. Pelosi says MS-13 members "have a spark of divinity" but says nothing about the unborn child. Sad. She will cause the worst fiasco for this country if we conservatives lose the House and she becomes Speaker. this woman is a coplete nut case. You should be proud. Trump stands for everything I believe in. Less govt, less regs, pro-life, peace through strength, no apology tours, he loves his country, no restraints on combat, you can fire first, you don't have to wait until you've been fired upon. I've talked to servicemen and women coming back. Some of the 'rules of engagement' were laughable. It was almost like Obama was rooting for the other side. Worst president in our lifetime.
'the corruption is running rampant. You wait and ... (show quote)



sorry for your mental state..

trump only loves himself, he is l**ting this country for himself, all of us will have to pay for his deeds..

they had foolish rules of engagement in Vietnam as well.. trump knows nothing about anything but his own riches..

Reply
May 22, 2018 20:35:50   #
fullspinzoo
 
permafrost wrote:
sorry for your mental state..

trump only loves himself, he is l**ting this country for himself, all of us will have to pay for his deeds..

they had foolish rules of engagement in Vietnam as well.. trump knows nothing about anything but his own riches..


You are so far off the mark it is pathetic. Trump has done nothing but pure selfless acts for "We the people". "L**ting the country for himself" you say. If you run across credible evidence of anything close to that, you let me know. Complete fabrication. Not even taking a salary. Give me a break.

Reply
May 22, 2018 20:43:09   #
permafrost Loc: Minnesota
 
fullspinzoo wrote:
You are so far off the mark it is pathetic. Trump has done nothing but pure selfless acts for "We the people". "L**ting the country for himself" you say. If you run across credible evidence of anything close to that, you let me know. Complete fabrication. Not even taking a salary. Give me a break.



spin,

you are being the poster boy for the trumpetts..

try this..

https://www.theguardian.com/us-news/2017/dec/20/trump-tax-bill-savings-analysis


Trump will personally save up to $15m under tax bill, analysis finds
Jared Kushner will save up to $12m, while five other members of Trump’s inner circle will also see benefits worth millions of dollars

David Smith in New York

@smithinamerica
Wed 20 Dec 2017 20.12 EST Last modified on Fri 9 Feb 2018 13.35 EST
This article is over 5 months old
Shares
35,842
The president will save millions of dollars thanks to the tax bill.
The president will save millions of dollars thanks to the tax bill. Photograph: Jonathan Ernst/Reuters
Donald Trump and six members of his inner circle will be big winners of the Republicans’ vast tax overhaul, with the president personally benefiting from a tax cut of up to $15m a year, research shows.


Republicans celebrate with Trump after House passes tax bill – again
Read more
The US president chalked up his first big legislative win on Wednesday with the $1.5tn bill, the most sweeping revamp of the tax code in three decades, slashing taxes for corporations and the wealthy and dealing the heaviest blow yet to Obamacare.

But analysis by a leading Washington thinktank, the Center for American Progress (CAP), finds that changes to business rules will save Trump roughly $11m to $15m per year, while an amendment to the estate tax – the tax on the t***sfer of an estate of a deceased person – would potentially save his heirs $4.5m.

Under current law, the first $11.2m of a couple’s estate’s value is excluded from taxation, and any amount above this is taxed at a 40% rate. The new bill doubles the exemption to $22.4m.


Along with Trump himself, Wilbur Ross, the commerce secretary; Linda McMahon, administrator of the Small Business Administration; Betsy DeVos, the education secretary; Steven Mnuchin, the treasury secretary; and Rex Tillerson, the secretary of state, will benefit to the tune of $4.5m from changes to the estate tax, according to the CAP.

More than 90% of businesses in the US are “pass-through businesses”, meaning their income passes through to the owners’ individual tax returns, where it is taxed at ordinary income tax rates, instead of being filed on a separate business return like a corporation. The sweeping tax bill cuts the top rate on “qualified” pass-through business income from 39.6% under current law to 29.6%.

Assuming the full benefit of this, the CAP roughly estimates a tax cut of $11m to $15m for Trump (based on an estimate of $150m of passthrough income from reviewing his financial disclosure, and the $109m in real estate/pass-through income on his 2005 tax return); $5m to $12m for Jared Kushner, White House senior adviser and Trump’s son-in-law; and $2.7m for Betsy DeVos, the education secretary.

The bill that passed the Senate had a “guardrail” that prevented businesses with too few employees from claiming the full benefit of the deduction, the CAP noted. But at the last minute, a special exception was added that is especially beneficial to real estate firms.

In addition, the biggest element of the tax bill benefitting the wealthy is the corporate tax cut. Again, members of Trump’s cabinet have substantial corporate stock holdings and will be among the winners. The CAP did not try to estimate this because it is hard to quantify the tax cut for any one corporation.


Jubilant Republicans took a victory lap at the White House on Wednesday to mark what they called a historic day. The House speaker, Paul Ryan, praised Trump for “exquisite p**********l leadership”. But in coming months and years, analyses such as the CAP’s could come back to haunt them.

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May 22, 2018 21:01:17   #
fullspinzoo
 
permafrost wrote:
spin,

you are being the poster boy for the trumpetts..

try this..

https://www.theguardian.com/us-news/2017/dec/20/trump-tax-bill-savings-analysis


Trump will personally save up to $15m under tax bill, analysis finds
Jared Kushner will save up to $12m, while five other members of Trump’s inner circle will also see benefits worth millions of dollars

David Smith in New York

@smithinamerica
Wed 20 Dec 2017 20.12 EST Last modified on Fri 9 Feb 2018 13.35 EST
This article is over 5 months old
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The president will save millions of dollars thanks to the tax bill.
The president will save millions of dollars thanks to the tax bill. Photograph: Jonathan Ernst/Reuters
Donald Trump and six members of his inner circle will be big winners of the Republicans’ vast tax overhaul, with the president personally benefiting from a tax cut of up to $15m a year, research shows.


Republicans celebrate with Trump after House passes tax bill – again
Read more
The US president chalked up his first big legislative win on Wednesday with the $1.5tn bill, the most sweeping revamp of the tax code in three decades, slashing taxes for corporations and the wealthy and dealing the heaviest blow yet to Obamacare.

But analysis by a leading Washington thinktank, the Center for American Progress (CAP), finds that changes to business rules will save Trump roughly $11m to $15m per year, while an amendment to the estate tax – the tax on the t***sfer of an estate of a deceased person – would potentially save his heirs $4.5m.

Under current law, the first $11.2m of a couple’s estate’s value is excluded from taxation, and any amount above this is taxed at a 40% rate. The new bill doubles the exemption to $22.4m.


Along with Trump himself, Wilbur Ross, the commerce secretary; Linda McMahon, administrator of the Small Business Administration; Betsy DeVos, the education secretary; Steven Mnuchin, the treasury secretary; and Rex Tillerson, the secretary of state, will benefit to the tune of $4.5m from changes to the estate tax, according to the CAP.

More than 90% of businesses in the US are “pass-through businesses”, meaning their income passes through to the owners’ individual tax returns, where it is taxed at ordinary income tax rates, instead of being filed on a separate business return like a corporation. The sweeping tax bill cuts the top rate on “qualified” pass-through business income from 39.6% under current law to 29.6%.

Assuming the full benefit of this, the CAP roughly estimates a tax cut of $11m to $15m for Trump (based on an estimate of $150m of passthrough income from reviewing his financial disclosure, and the $109m in real estate/pass-through income on his 2005 tax return); $5m to $12m for Jared Kushner, White House senior adviser and Trump’s son-in-law; and $2.7m for Betsy DeVos, the education secretary.

The bill that passed the Senate had a “guardrail” that prevented businesses with too few employees from claiming the full benefit of the deduction, the CAP noted. But at the last minute, a special exception was added that is especially beneficial to real estate firms.

In addition, the biggest element of the tax bill benefitting the wealthy is the corporate tax cut. Again, members of Trump’s cabinet have substantial corporate stock holdings and will be among the winners. The CAP did not try to estimate this because it is hard to quantify the tax cut for any one corporation.


Jubilant Republicans took a victory lap at the White House on Wednesday to mark what they called a historic day. The House speaker, Paul Ryan, praised Trump for “exquisite p**********l leadership”. But in coming months and years, analyses such as the CAP’s could come back to haunt them.
spin, br br you are being the poster boy for the ... (show quote)


Watch Hannity for once in your life. You might learn something. On right now!

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