News Domestic and International

How to get the mismatched earring look like Ivanka Trump

Daily Mail - Thu, 04/27/2017 - 20:57
Ivanka Trump was on trend wearing mismatched Marni earrings on Tuesday in Germany. The asymmetrical look was seen on multiple spring runways. Shop the edgy look here.

Thousands attend funeral for New York City firefighter  

Daily Mail - Thu, 04/27/2017 - 20:56
Thousands attended the funeral of 42-year-old William Tolley on Monday, the firefighter who died last week after falling five stories while battling a blaze in the New York borough of Queens.

California ranked as the UFO capital of the US

Daily Mail - Thu, 04/27/2017 - 20:53
A book has revealed that out of more than 120,000 UFO reports from 2001 to 2015, 16,000 of them came from California - and the authors said the warm weather could have something to do with it.

Trump: Aluminum Industry Is Critical To National Security

RealClear - Thu, 04/27/2017 - 20:49
Apr.27 -- President Donald Trump speaks at the signing of an executive memorandum initiating an investigation of aluminum imports. As a candidate, Trump promised to "put American steel and aluminum back into the backbone of our country." Today, President Trump signed a Presidential Memorandum prioritizing an investigation into whether aluminum imports threaten the economic and national security self-sufficiency of the United States. According to the White House, the investigation must be concluded and a report submitted within 270 days. "In 2015 only two smelters remain fully operational in our country," the presient said at the signing ceremony. "The U.S. now produces less aluminum than we did in 1952. Can you imagine that? 1952! That's a disaster." Based on the findings in the report Commerce Secretary Wilbur Ross will make a recommendation to the White House about whether to implement tariffs or taxes on foreign imports of aluminum. "Aluminum is vital to our defense industry and manufacturing base," the president said. "Everything from military aircraft and armored vehicles to our naval ships at sea. We can not afford in these dangerous times to become dependent on foreign nations for the aluminum that our military depends on."

Starbucks to open glamorous location in Chicago

Daily Mail - Thu, 04/27/2017 - 20:49
The Seattle-based coffee giant announced on Wednesday it would open a new location on Chicago's upscale retail corridor. Customers will be able to pick between several brewing methods.

Ice cave in Transylvania reveals 10,000 years of weather

Daily Mail - Thu, 04/27/2017 - 20:45
Scărișoara Ice Cave is among the most important scientific sites in Europe.

House Democrats know they will lose the fight for Trump to release his taxes. Here's why they are still doing it. (Ed O'Keefe/Washington Post)

Memeorandum - Thu, 04/27/2017 - 20:45

Ed O'Keefe / Washington Post:
House Democrats know they will lose the fight for Trump to release his taxes.  Here's why they are still doing it.  —  House Democrats plan to force a floor fight with Republicans on Thursday over legislation that would require President Trump to disclose information about his personal taxes …

House Dems to force vote on bill demanding Trump taxes, visitor logs: report (Paulina Firozi/The Hill)

Memeorandum - Thu, 04/27/2017 - 20:45

Paulina Firozi / The Hill:
House Dems to force vote on bill demanding Trump taxes, visitor logs: report  —  House Democrats are planning to force a vote Thursday on a bill that would require President Trump to release information about his taxes and visitor logs, The Washington Post reported.

Republicans offer plan to keep government open through May 5 (CNN)

Memeorandum - Thu, 04/27/2017 - 20:45

CNN:
Republicans offer plan to keep government open through May 5  —  Shutdown deadline nears, border wall looms  —  Washington (CNN)The battle over a government shutdown appears to be mostly over for now, with the push for border wall funding sidelined and Democrats saying President Donald Trump's administration …

Trump blasts Venezuela as 'a mess' amid continued unrest

Daily Mail - Thu, 04/27/2017 - 20:43
Donald Trump has called the continuing unrest in Venezuela a 'mess' as he said he was 'very sad' to see the situation unfold. It comes as lawmakers met in a sports hall to try to rescue democracy.

Mnuchin: Trump tax plan aims to boost middle class, but … no guarantees yet?

Hot Air - Thu, 04/27/2017 - 20:41

“This isn’t about President Trump’s tax returns,” Treasury Secretary Steven Mnuchin told ABC’s George Stephanopoulos, “this is about the American public’s tax returns.” Most of this conversation focused on the former rather than the latter, with Stephanopoulos focusing on the impact of the tax-reform proposal released yesterday afternoon by the White House on the wealthy. Mnuchin insisted that the intent behind this package is to ensure that the middle class gets its taxes cut and the wealthy do not, but continually cited the lack of details in the package prevented firm answers — even to the question of middle-class tax payments.

The point of the proposal is “jobs, jobs, jobs,” Mnuchin repeatedly emphasized, and lifting all the boats by making America more competitive:


ABC Breaking News | Latest News Videos

Treasury Secretary Steve Mnuchin told ABC News today that he couldn’t say how Donald Trump’s sweeping tax overhaul plan would affect the president personally, while also declining to guarantee that middle-class families wouldn’t pay more under the proposal.

“I can’t make any guarantees until this thing is done and it’s on the president’s desk. But I can tell you, that’s our number one objective in this,” Mnuchin said on “Good Morning America.”

The blueprint, which the White House unveiled Wednesday, calls for dramatically cutting federal taxes for businesses and simplifying rules for individuals. The plan would slash corporate taxes to 15 percent for large and small businesses, as well as consolidate categories for individual taxpayers, lowering the top bracket from nearly 40 percent to 35 percent.

But the Trump administration left key questions about the tax plan unanswered, such as how it would affect the middle class and the wealthy.

The problem for Mnuchin is that he’s making this pitch too early in hostile media settings, which this clearly was. The White House proposal turned out to be more like a statement of principles rather than concrete policy, as the Washington Post notes. It ran less than 200 hundred words, and contained few of even the basic details necessary to define its broad outcomes, let alone the specific impacts on various income levels:

On Wednesday, Trump issued a one-page outline for changes to the tax code, pinpointing numerous changes he would make that would affect almost every American.

He wants to replace the seven income tax brackets with three new ones, cut the corporate tax rate by more than 50 percent, abolish the alternative-minimum tax and estate tax, and create new incentives to simplify filing returns.

But the White House stopped short of answering key questions that could decide the plan’s fate. For example, Trump administration officials didn’t address how much the plan would reduce federal revenue or grow the debt. They also didn’t specify what income levels would trigger inclusion in each of the three new tax brackets.

The goal, White House officials said, was to cut taxes so much and so fast that it led to immediate economic growth, creating more jobs and producing trillions of dollars in new revenue and wealth over the next decade.

That may be a goal, but the lack of detail offers little connection between bullet points and outcomes. This kind of press release suffices in campaigns, but is insufficient for governing — and especially for key surrogates who have to go out and sell the proposal. Mnuchin suggests in this interview that the House and Senate will fill in the details, but that leaves a lot of leeway on what has clearly become Donald Trump’s most important legislative priority. It uses the ObamaCare repeal as a launching pad for a massive shift in tax policy that Trump hopes will deliver on his campaign promises to achieve consistent 3%+ economic growth over the next few years — and “jobs, jobs, jobs.”

The problem for the House and Senate, however, will be finding a way to fit this into the reconciliation process. Paul Ryan and Mitch McConnell reserved that path at the beginning of this session of Congress in early January as a means of fitting tax reform through the narrow 52-seat majority in the upper chamber. In order to qualify for reconciliation, however, a bill has to demonstrated a positive impact on the annual deficit. In its present form, even with the ObamaCare repeal eliminating some of the taxes, the Trump tax reform plan will blow a yuuuuuuuge hole in deficit spending, forcing the bill through the 60-vote cloture threshold.

CNN’s Phil Mattingly pointed out the problem this morning:

But the principles laid out Wednesday are A) super aggressive on the cut side and B) skimpy as all get out on the pay-for side. So for example, if you want to lower the corporate rate to 15 percent, from 35 percent, and lower the rate for pass-throughs (think small businesses, owner operated companies and a hell of a lot of other entities like law firms, hedge funds, etc.) to 15 percent, you’re talking about a cost of around $4 trillion. Now, some Republicans are very clear that they’re happy to rely on economic growth to make up as much of that as possible (history shows it’s right to be skeptical of that as a true avenue to pay for cuts.) But therein lie two problems. First, it shuts down the ability to really make broad-based changes to a system everyone thinks is broken. Second — this is as key as it is wonky — Republicans plan to move tax reform through that ever-popular budget process known as “reconciliation.” Positives: Only need Republican votes to get it through. Negatives: It can’t add to the deficit outside of a 10-year window. Now, if I’ve lost you on this, totally understandable, but the short of it is: cuts that steep, particularly without significant revenue raisers, would almost certainly be fatal in trying to do reconciliation …

Just to put a 30,000 foot button on it: House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell have said they want real, permanent, game-changing tax reform. Ryan has put out a plan that is straight-up revenue neutral, comprehensive tax reform. Proposing cuts this steep, and not really giving much indication on how you’d pay for them beyond closing loop holes, cutting deductions and economic growth, makes it far more likely that the White House eventually settles on a “cuts only” strategy, which is the opposite of what top GOP officials want.

In other words, details matter. The massive red ink implied in this proposal might make it a non-starter even within the House Republican caucus. Conservatives just balked at an ObamaCare repeal plan because they didn’t think it went far enough, but they may balk at this one because it goes too far for deficit hawks. If the White House supplied the deductions and closed loopholes they have in mind to demonstrate a ten-year net gain in revenues, then perhaps there might be more enthusiasm for this approach. From the sparse framework provided, however, it looks like the White House might be more interested in having Republicans on Capitol Hill take the political hits for those changes rather than proposing those changes themselves. Rather than take that chance, the GOP might as well stick with the current House tax plan.

Mnuchin has said he’d work with Democrats to get tax reform passed, perhaps a signal to recalcitrant Republicans, but that’s an empty threat. Democrats have gone all in on La Resistance, and they’re not going to suddenly shift gears to give Trump a win on a massive tax cut. Democrats care a lot less about deficit spending, but they do care about appeasing their base, and want to demonize and delegitimize Trump as much as possible. For Democrats, that’s their key to “jobs, jobs, jobs” — for themselves in the 2018 election cycle, they believe.

Paul Ryan called this “a critical step forward” in the tax reform debate, but it might end up being more of a checkbox. Unless the White House starts filling in this framework with some real meat that adds up under reconciliation, the House plan will likely become the core of the tax-reform effort.

The post Mnuchin: Trump tax plan aims to boost middle class, but … no guarantees yet? appeared first on Hot Air.

This photo of Donald Trump and kids is epic (Chris Cillizza/CNN)

Memeorandum - Thu, 04/27/2017 - 20:40

Chris Cillizza / CNN:
This photo of Donald Trump and kids is epic  —  (CNN)Thursday, as you likely know by now, is “Take Our Daughters and Sons To Work” day.  The White House, like CNN and virtually every other company, celebrates this day with a special program of activities.  Except, at the White House …

Southeast Asia Warms to China as Cherished Asean Unity Is Restored (Jason Koutsoukis/Bloomberg)

Memeorandum - Thu, 04/27/2017 - 20:40

Jason Koutsoukis / Bloomberg:
Southeast Asia Warms to China as Cherished Asean Unity Is Restored  —  Asean leaders gather in Manila for first of two annual summits  —  Draft communique does not mention South China Sea court ruling  —  This time a year ago, Southeast Asian nations risked descending into squabbling …

Planned Parenthood ‘Lamborghini Lady’ Negotiates Harvested Baby Part Prices In New Video

Info Wars - Thu, 04/27/2017 - 20:39
Center for Medical Progress founder claims PP guilty of “criminal trafficking and profiteering in fetal body parts.”

Florida man arrested after shoving puppies down drains

Daily Mail - Thu, 04/27/2017 - 20:33
Florida man Ernest Martin, who was caught on video putting puppies into pillowcases, throwing them over a fence and shoving them into a storm drain, has finally been arrested.

Trump voters approve of his performance at 100 days mark

Daily Mail - Thu, 04/27/2017 - 20:31
President Trump is king of the jungle among those who voted for him, holding a 93 per cent approval rating and being compared to a lion more than any other animal.

Trump says Democrats will be responsible for shutdown

Daily Mail - Thu, 04/27/2017 - 20:28
President Trump sent out a flurry of tweets aimed at Democrats on Capitol Hill who he claimed were gunning for a government shutdown.

RHONY's Tinsley Mortimer opens up about arrest and abuse

Daily Mail - Thu, 04/27/2017 - 20:27
RHONY star Tinsley Mortimer, 41, talks about her troubled relationship with ex-boyfriend, sugar heir Alexander 'Nico' Fanjul, in revealing DailyMail,com interview.

Pages

Subscribe to RoderickE aggregator - News Domestic and International