CBO: GOP Tax Bill Would Add $1.7 Trillion To Debt

Embed from Getty Images

The GOP’s tax bill would add $1.7 trillion to the national debt over a decade, and would increase the country’s debt-to-GDP ratio by 5.9%, according to the Congressional Budget Office.

Continue reading

“Taxes, Taxes, Taxes”

Embed from Getty Images

No taxation without representation! Well something like that. The current Republican Congress has officially proposed a new tax system, which for America is a very big deal. Congress has not attempted to revamp the tax system since 1986.

Continue reading

Morning Briefing 11/03/2017

Happy Friday!

What an eventful week it’s been, Trump’s former campaign manager was indicted on 12 counts, the Russia investigation took out one of Trump’s nominees for the Agriculture Department, House Republicans unveiled their plan to overhaul the nation’s tax code, and tragically Manhattan experienced its first terrorist attack with fatalities since 9/11.

Continue reading

House Republicans Unveil Sweeping Tax Overhaul

Embed from Getty Images

House Republicans on Thursday released their long-awaited legislation to overhaul the nation’s tax code, proposing major cuts to corporate and individual tax rates.

Continue reading

Morning Briefing 11/02/2017

Good Thursday morning!

Here’s your Morning Briefing:

Tax Reform Legislation Set To Be Unveiled Today

Congressional Republicans are expected to unveil their plan to overhaul the nation’s tax code today. On Tuesday night, Republicans announced that they would delay the release of the legislation as they admitted they were still struggling to reach a consensus on the bill.

Continue reading

Morning Briefing 11/01/2017

Good Wednesday morning!

Here’s your Morning Briefing:

Manhattan Terror Attack:

The FBI is investigating an “act of terror” after  29-year-old Sayfullo Habibullaevic Saipov drove a rental truck from Home Depot onto a bike path in lower Manhattan and killed eight people, just blocks away from the World Trade Center memorial.

Saipov was born in Uzbekistan and came to the United States in 2010 and has since became a permanent resident.

After Saipov was named as the suspect, President Trump tweeted that he ordered more “extreme vetting” procedures.

How’s That Tax Reform Going?
After months of pitching tax reform as an easy win, Congressional Republicans have been forced to admit they’re having trouble reaching a consensus on how to overhaul the nation’s tax code.

Republicans now say they will release their tax reform bill on Thursday — a day later than originally expected.

While Republican leadership were very optimistic about tax reform, analysts were quick to say “not so fast,” and pointed out that there are sharp difference between fiscal conservatives and other factions of Congressional Republicans.

Latino Group Pulls Controversial Anti-Gillespie Ad

After the terrorist attack in Manhattan, a Latino group in Virginia announced it had pulled a controversial ad showing an Ed Gillespie bumper sticker, the Republican candidate for the governor of Virginia, on a truck chasing minority a children.

In a statement, Cristobal J. Alex, the president of the Latino Victory Fund  the group responsible for the ad, said:

“We knew our ad would ruffle feathers. We held a mirror up to the Republican Party, and they don’t like what they see. We have decided to pull our ad at this time. Given recent events, we will be placing other powerful ads into rotation that highlight the reasons we need to elect progressive leaders in Virginia”

 

Morning Briefing 10/30/2017

Good Monday morning!

Here’s your Morning Briefing:

Arrest Related To Special Counsel Robert Mueller’s Investigation Could Happen As Early As Today:

Embed from Getty Images

CNN reported Friday night that a grand jury has approved the first indictment in Mueller’s investigation. However, there is very little know about who will be indicted. A lawyer for Paul Manafort, the former chairman of the Donald Trump campaign who’s been a central figure in the probe, said they were not aware of Manafort being indicted.

However, after FBI agents raided Manaforts house in July, reports said that Mueller warned Manafort he could be indicted.

CNN says the arrests could happen as soon as Monday, however because of the secrecy of the investigation and the grand jury process, we won’t know until the individual (or individuals) are arrested.

Conservatives pointed out that news of the indictment came within hours of a different report that said the conservative Washington Free Beacon retained Fusion GPS to compile research on Republican presidential candidates.

And days after The Washington Post reported that the Clinton campaign retained Fusion GPS to conduct anti-Trump research.

Speaking Of Indictments:

President Trump fired of some angry tweets Sunday morning, calling for “something” to be done about the alleged corruption of Hillary Clinton and the Democratic National Committee.

For their part, Democrats were quick to say that Trump was simply trying to distract from the impending indictment related to Mueller’s investigation.

Tax Reform Bill Could Actually Be Coming Soon:

Now that the House of Representatives and the Senate have approved of a budget, the Congress can now begin work on tax reform legislation — and we may see a version of the legislation as soon as the week.

While passing the budget allows the Senate to pass legislation through the budget reconciliation process, requiring only 51 votes, there’s still a long road ahead before it gets to the President’s desk.

And as we saw with the Obamacare repeal and replace bill, the budget reconciliation bill may not may matters any easier.