As of now, I am in control here, in the White House

Author Archives: Keith Koffler

Trump Proposes Rate Cuts for Corporations, Individuals

The White House says it’s the biggest, baddest tax cut in history.

The Wall Street Journal reports:

The plan largely hews to tax-cut proposals Mr. Trump made during his presidential campaign last year, but it includes several crucial changes. Most notably, Mr. Trump is proposing to repeal a provision of the tax code that allows individuals to deduct the state and local taxes they pay from their reportable income. That will hurt residents of high-tax states such as New York, New Jersey and California and spur objections from some Republican lawmakers in those states.

Mr. Trump is also proposing a 35% top tax rate for individuals, down from today’s 39.6% rate but above the 33% rate he backed during the campaign. Lower brackets would be set at 10% and 25%, and the standard deduction for individuals would be doubled.

The corporate tax rate would drop to 15% from 35%, and U.S. companies would owe little or no tax on their future foreign profits. The tax rate on business income reported on individual returns would also drop to 15% instead of being taxed at individual tax rates.

Mr. Trump’s plan leaves several crucial issues unresolved, including whether companies could immediately write off capital expenses, where to set the one-time tax rate on U.S. companies’ stockpiled foreign earnings, how a break for child care would be structured and where the tax brackets for individuals would be set.

Trump May Withdraw the U.S. from NAFTA Within Days

From Politico:

The Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according to two White House officials.

A draft order has been submitted for the final stages of review and could be unveiled late this week or early next week, the officials said. The effort, which still could change in the coming days as more officials weigh in, would indicate the administration’s intent to withdraw from the sweeping pact by triggering the timeline set forth in the deal.

The approach appears designed to extract better terms with Canada and Mexico. President Donald Trump pledged on the campaign trail to renegotiate NAFTA, a trade deal signed in 1994 by former President Bill Clinton that removes tariffs and allows for the free flow of goods and services between the three countries in North America. Trump in recent weeks has stepped up his rhetoric vowing to terminate the agreement altogether.

Ann Coulter Cancels Berkeley Speech

Conservative activist Ann Coulter canceled her speech at the University of California at Berkeley. Leftist students and others have promised massive protests if she speaks, and authorities have warned that they might not be able to prevent violence. This resulted in a decision by the Young America’s Foundation, a Republican student group, to pull out… Continue Reading

House Freedom Caucus Signs on to Obamacare Repeal Deal

A spokeswoman for the conservative House Freedom said Wednesday afternoon that it has signed onto an Obamacare repeal and replace deal that they have been negotiating with the leader of a faction of House moderates and the White House. “NEWS: Freedom Caucus announces official position of support for AHCA with MacArthur amendment included, tweeted spokeswoman… Continue Reading

Ivanka Suggests Possibility of Accepting Syrian Refugees

Ivanka Trump Wednesday said allowing Syrian refugees into the U.S. “has to be part of the discussion” of how best to solve the humanitarian crisis plaguing the Arab world. This would, um, appear to put her in conflict with President Trump, who has signed executive orders seeking to ban Syrian refugees from the United States as… Continue Reading

Trump Schedule || Wednesday, April 26, 2017

10:30 am || Receives his daily intelligence briefing 11:20 am || Makes remarks and signs an order to review federally protected land designations; Department of the Interior 12:30 pm || Lunch with Vice President Pence 1:30 pm || Meets with Secretary of State Tillerson 2:30 pm || Participates in a federalism event with Governors and… Continue Reading

Trump on Obamacare Repeal: Maybe this Week, Maybe September

Sounds like they’ve got a well-organized, detailed plan. From the Washington Examiner: President Trump, ripping Democrats as “absolutely obstructionists,” appears to be prepared to give up his new push to repeal and replace Obamacare, suggesting that a new target could be in September. “Will it be this week or next week, I don’t know,” he… Continue Reading