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Tag Archives: Economy

Treasury Secretary Nominee Steve Mnuchin On Economic Growth and Tax Reform

steven-mnuchin-treasury-secretary-on-economy-and-tax-reform-cnbc

Donald Trump’s Treasury Secretary nominee told a CNBC panel about the administration’s plan to re-energize the economy. President-elect Trump announced Wednesday morning that he had selected Steve Mnuchin to lead the Department of the Treasury. Mnuchin told CNBC’s “Squawk Box” that corporate and individual tax reform are the “first priority” in order to achieve sustained GDP growth of 3-4%.

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Fair Tax Series: America’s Road to Prosperity Part 4: The Pre-bate

eagle-fighting-for-freedom

THE FAIRTAX SERIES: AMERICA’S ROAD TO PROSPERITY Part 4: THE PRE-BATE In this installment of the FAIRTAX series I want to cover the “pre-bate” provision of the plan. The “pre-bate” is a provision designed to help with the basic necessities of life, to essentially “un-tax” food, medicine, utility costs, clothing, etc. up to the poverty level. It is not designed ...

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Fair Tax Series Part II: The Cost of Compliance

fairtax-book

THE FAIRTAX SERIES: AMERICA’S ROAD TO PROSPERITY Part 2: TODAY’S TAX CODES, THE COST OF COMPLIANCE In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the ...

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Trump administration economy tracker

Economy-Heartbeat

President-elect Donald Trump made the economy a central focus in his bid for the White House. Now that he’s won, CDN will be following his policy’s impacts on the U.S. economy. As a baseline, we’ll start with October of 2016 which should include no impacts as Trump had not yet won the election. October 2016 Pre-Election Economic Situation Employment Situation ...

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New Obama regulations could make cars unaffordable for millions

Will Hillary Clinton damage 2016 presidential run with Benghazi attack cover up Congressional committee testimony

At the end of last month, the Obama administration announced that manufacturers would be required to build cars with much higher average fuel economy ratings, but at what cost? The Obama Administration today finalized groundbreaking standards that will increase fuel economy to the equivalent of 54.5 mpg for cars and light-duty trucks by Model Year 2025. According to the American ...

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New Trump Ad – Two Americas: Economy [Video]

HIllary will crush middle class

Donald Trump’s campaign unleashed a $10 million ad spend to get this message out in battleground states. The ad focuses on differences between Hillary’s plans for Americans and Trump’s. The 30-second ad is airing in North Carolina, Ohio, Florida, Pennsylvania, Iowa, New Hampshire, Virginia, Colorado and Nevada.

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China vs. The United States – A Tale of Two Economies

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Nothing shows data like an infographic and with Republican candidate Donald Trump shining a light on U.S./China trade disparities … here’s just that infographic. Courtesy of: Visual Capitalist

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NYT: Americans not appreciating Obama’s economic achievements

Obamacare recession

The New York Times is well-known to be little more than a Democrat ‘office of propaganda’ and this week, it’s working to change American’s perceptions of Obama’s “success” in saving the economy. the U.S. economy is in much better shape than the public appreciates, especially when measured against the depths of the financial crisis and the possibility — now rarely ...

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A Leftist and Her Money Are Soon Parted

Instead-of-going-to-Starbucks---lol

San Francisco leftists have once again decided to inflict another socialist utopia on an unsuspecting South American nation. What’s more, just like at Jonestown, a popular liquid is playing a prominent role. This time instead of a male heretic imposing a fanatical religion, we have two women, Helen Russell and Brooke McDonnell, doing orthodox socialist missionary work. The ladies are ...

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Hail to the Chief?

Obama_emperor

Unfortunately, I couldn’t listen to the State of the Union speech live because my national radio show (self-plug there) started when he did. I did, however, go back and listen several times (I couldn’t believe what I was hearing) and found very little truth or fact in his speech. At times, it even sounded like he was running for office ...

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Federal Reserve interest rate decision announced

Audit the Fed - HR 459

The U.S. Federal Reserves’ Open Market Committee (FOMC) has announced the decision to keep interest rates at 0%. The FOMC cited concerns over global economic conditions as the primary reason for not raising rates. The FOMC doesn’t directly affect all interest rates in the American economy. Instead, “the Fed” sets the overnight rate which banks use to charge interest for ...

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Wholesale inventories up, sales and consumer data disappoint

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Wholesale numbers and credit card data don’t look so good “unexpectedly”. Expectations were for a .3% growth in inventories and a .6% increase in sales for the just released May numbers. Instead, inventories grew .8% and sales only saw a .3% rise. Along with weak sales data at the wholesale level, Bank of America card data shows that American consumers shut down ...

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U.S. Jobless claims rise most since February

The top line jobless claims number rose above estimates and to the highest level since February, but that’s not the most disturbing news. Digging into the numbers, it appears that more people are suddenly having to find work (initial claims) and they are finding that it is taking longer than previously to get a job (continuing claims.) Jobless claims jumped to ...

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