Three Huge, Totally Unexpected Surprises to Look for in 2018

Here are three leading examples of the conventional wisdom among Washington’s political experts about what will happen in 2018: Democrats will ride a “Blue Wave” of congressional campaign victories to retake control of Congress, gaining majorities in the Senate and the House of Representatives. Only the richest Americans will benefit economically from passage of President Donald… Please follow and like us:

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Donald Trump signs tax cuts into law, also signs bill to keep government open

President Trump signed a hard-won $1.5 trillion tax-cut bill into law Friday, also signing a temporary funding bill to keep the government open and a $4 billion missile defense bill. Mr. Trump signed the measures at the White House shortly before departing for Florida for the Christmas holiday. The most sweeping tax overhaul in decades cuts… Please follow and like us:

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Free trade studies agreed on as Li meets with Canadian PM Trudeau

Premier Li Keqiang and Canadian Prime Minister Justin Trudeau meet the press after the second meeting of the Annual Dialogue between the Chinese premier and the Canadian prime minister in Beijing, Dec 4, 2017. [Photo/Xinhua] China and Canada are willing to conduct feasibility studies toward a free trade agreement in an open and pragmatic manner, Premier… Please follow and like us:

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Trump Heading to Capitol Hill to Rally Support for Tax Vote

U.S. President Donald Trump is heading to Capitol Hill to meet Tuesday with Republican senators as he rallies support for a tax reform bill set to come to a vote later this week. After talks with the president on Monday, Senate leaders confirmed their intention to vote on the massive plan that would permanently cut corporate… Please follow and like us:

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Trump pushes Republicans on tax overhaul as Congress faces a busy month

WASHINGTON — President Donald Trump will welcome key Republicans to the White House on Monday to push a tax reform plan that has become complicated by a year-end legislative sprint in Congress. Several Republican senators are expressing reservations about the tax overhaul, a $1.5 trillion package that could become the most significant achievement of Trump’s first… Please follow and like us:

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White House hails Senate panel’s OK of tax bill: ‘Important step to delivering historic tax cuts’

President Trump on Thursday applauded the Senate Finance Committee for approving a tax reform bill and sending it to the full chamber for consideration, the White House said. “The passage of this legislation is another important step to delivering historic tax cuts and reform for hardworking families. For far too long, the tax code has been… Please follow and like us:

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Trump rallies Capitol Hill as House GOP set to pass tax plan

WASHINGTON — House Republicans were on track Thursday to pass their sweeping tax-cut package, setting up a showdown with the Senate, where Republicans are taking a different approach. President Donald Trump arrived on Capitol Hill to bolster Republicans determined to push the tax package through Congress — and accomplish a top GOP priority — despite widespread… Please follow and like us:

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7 Disturbing Findings About 401(k)s, IRAs

Moving from defined benefit pension plans to defined contribution plans has not done the average U.S. worker any favors. In fact, it’s made retirement more of a gamble—will there be enough money, or for that matter, any money, available when the time comes to leave the job behind? A new study from the Center for Retirement… Please follow and like us:

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The Real Vampire Squid: Debt Service

Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes. – Benjamin Franklin, letter to Jean-Baptiste Leroy, November 13, 1789. Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to… Please follow and like us:

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Delusional Paul Krugman ignores the effects of Trump tax cuts

WASHINGTON, October 29, 2017 – In a recent New York Times column, Nobel Prize-winning economist Paul Krugman said that President Trump’s proposed tax cut is “gift to rich foreigners.” Maybe Krugman doesn’t understand the effects that broad-based tax cuts have on the economy and on the middle class. Usually, if Krugman can be objective, he is… Please follow and like us:

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Let’s Hope the Democrats Are Not Stupid Enough to Keep Embracing Wall Street

One of the best ways to help Trump win a second term would be for the Democratic Party to embrace Wall Street. That surely would convince enough working-class voters in key states that the Democrats are totally in bed with financial elites, care little about the destruction of middle-class jobs, and will continue to promote and… Please follow and like us:

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Republicans Consider Giving No Tax Cut to the Super Rich

Congressional Republicans, nervous about losses in revenue that would b caused by tax cuts, are considering keeping the top tax rate of 39.6 percent on the very rich. Congressional Republicans are also reportedly considering capping 401(k) contributions — something that could irk middle-class workers and investors — but President Donald Trump said on Monday the proposal… Please follow and like us:

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The Robots Are Not Coming To Wall Street, They’re Already Here — And Multiplying

When considering the forthcoming computerized-automation revolution, one area where this societal change will be different from the previous industrial revolution is who it impacts. While much of the industrial revolution forced the working class to find new skills, the smart technology revolution is going to take on human intelligence – and this will impact the upper… Please follow and like us:

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To really cut middle class taxes, fix the Social Security tax rate

WASHINGTON, October 13, 2017 – President Trump has proposed a massive tax cut designed to stimulate the American economy with the goal of increasing economic growth to 4 percent annually. His proposal will simplify the tax code as well as bring tax relief to all Americans, especially those in the middle class. Middle class Americans pay… Please follow and like us:

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75 Percent of Americans Think Rich Should Be Taxed More

A large majority of Americans thinks the wealthiest should pay more taxes, a new poll shows, just as President Donald Trump is pushing a plan that would eliminate some taxes for the rich. More than half—52 percent—of the 1,504 adults in the Reuters/Ipsos poll taken September 29 to October 5 responded that they “strongly agree” the… Please follow and like us:

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