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Posts Tagged ‘NFIB’

Senator Tim Scott, Sec Mnuchin, Politico, Bloomberg on Tax Reform’s Hurdles, Importance

October 18th, 2017 Comments off

SenatorTimScottR-SCHarrisFalknerFoxTaxReformDailyBusinessNewsMHProNewsThe top 20 percent of the people pay 95 percent of the taxes. The top 10 percent of the people pay 81 percent of the taxes,” U.S. Treasury Secretary Steven Mnuchin told Politico.

So when you’re cutting taxes across the board, it’s very hard not to give tax cuts to the wealthy with tax cuts to the middle class. The math, given how much you are collecting, is just hard to do,” Mnuchin said.

The Daily Business News has been reporting on the push by the National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB).

The Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR) have not taken a public position on tax policy.  informal surveys of industry members suggest that the notion is popular among many industry business owners.

In his interview,” per Bloomberg, “Mnuchin also defended the framework’s call for repeal of the estate tax, which applies to estates worth at least $5.49 million per person.”

 

Why should people have to pay taxes again when they die?” Mnuchin said, per Bloomberg.The Treasury chief gave an “absolute guarantee” that Trump would sign a tax bill by the end of 2017.”

Fox News’ Harris Faulkner interviewed GOP Senator Tim Scott, (R-SC) in the video, below. Scott is seen by many as a rising star in the GOP.

As MHProNews noted in today’s industry market report, “The economy is moving in a healthy direction.  So says Stifel’s Hans Olsen, who gives his 18 to 24 month market projections and insights.”

The update added this pragmatic, cautionary note. “Here on the Daily Business News market report our take is nuanced.  Growth is a natural result of the right policies, and other conditions. If meaningful tax reform gets passed, the market recovery can be sustained, or may accelerate.  Without that, even voices in the Trump Administration admit the markets could turn if the anti-tax reform segments win the battle now underway.”

Among those voices that admit that the markets could sour without passing tax reform?

Steven Mnuchin. See the videos, from across the left-right political divide. “We Provide, You Decide.”  © ## (News, Analysis.)

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Latest Consumer Confidence Survey, and Why It Matters to Manufactured Housing

October 16th, 2017 Comments off

RichardCurtinChiefEconomistUnivMichiganConsumerSurveyCenterDailyBusinessNewsMHProNews410It is axiomatic that consumer confidence is an important driver of big ticket sales, including the sales of manufactured homes.

Without consumer confidence, a prospective home buyer may delay or even cancel a purchase, as veteran manufactured home professionals know from first-hand experience.

When publicly traded manufactured home producers and others involved in the manufactured home sector make their periodic statements, they often include a reference to economic conditions, including consumer confidence.

Latest Survey of Consumer Confidence

Per their release, “Consumer sentiment surged in early October, reaching its highest level since the start of 2004.” So said the University of Michigan Surveys of Consumers.

 

The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid 2018, which would mark the 2nd longest expansion since the mid 1800’s,” Chief Economist Richard Curtin told MHProNews in their release.

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Their Survey Research Center stated that, “While the early October surge indicates greater optimism about the future course of the economy, it also reflects an unmistakable sense among consumers that economic prospects are now about as good as could be expected.”

IndexConsumerSentimentUnivMISurveyCenterDailyBusinessNewsMHProNews

Good Economic Ties Ahead…

This “as good as it gets” outlook is supported by a moderation in the expected pace of growth in both personal finances and the overall economy, accompanied by a growing sense that, even with this moderation, it would still mean the continuation of good economic times,” Curtin said.

While most Democratic, some in the GOP, and other opponents of the Trump Administration would argue otherwise, such third party research indciates that the president is “winning” on behalf of American business and the public.

For political watchers, in the words of long-time Clinton adviser and Democratic operative, James Carville, “It’s the economy, stupid.”

Economic progress may or may not help every Republican, as Senator Ted Cruz (R-TX) recently warned.  But Bloomberg and others who see the Trump Train as advancing towards re-election in 2020 – at this time – look to be correct.

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Curtin noted that “consumers anticipate low unemployment, low inflation, small increases in interest rates, and most importantly, modest income gains in the year ahead.”

The Michigan University consumer sentiment survey summary concluded by saying, “It is this acceptance of lackluster growth rates in personal income and in the overall economy that signifies that consumers have accepted, however reluctantly, limits on the pace of improving prospects for living standards.”

There are concerns that the “DC Swamp” disruptive, reform agenda of the Trump Administration could be derailed.

But it is precisely because of those looming concerns why:

  • the National Federation of Independent Business (NFIB),

WashingtonDCUSCapitolBuildingPixabayManufacturedHousingIndustryProfessionalNewsMHProNews

and others involved in the MH space are prodding policy makers with their various requests to keep the economic expansion and regulatory reforms going. ## (News, analysis.)

Note: Related article about Steve Forbes on Tax Reform, linked here.

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NFIB CEO Junita Duggan – “Small Businesses Must Get a Tax Cut”

October 5th, 2017 Comments off

NFIBUnlockingStrongEconomyForSmallBusinessWithTaxReformJuanitaDugganDailyBusinessNewsMHProNewsTax reform is NFIB’s biggest priority, and we’re working hard to ensure that every small business gets a substantial tax cut,” said Junita Duggan, President and CEO of the National Federation of Independent Business (NFIB).

Last week, Congress and the White House unveiled their framework for tax reform. This is the beginning of a long process, but you can be sure that NFIB will be there to represent your [NFIB member] interests every step of the way,” Duggan said in a statement to the Daily Business News (DBN) on MHProNews.

As the DBN has recently reported, there are numerous indicators that economic growth under the Trump Administration is accelerating.

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Juanita Duggan. Credit: NFIB.

But experts say that there are also potential storm clouds to face if tax reform isn’t accomplished.

So, Duggan’s point is a timely one, echoed by many who share the free market side of economic thought.

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The last time Congress reformed the tax code was 1986,” Duggan stated, adding. “I worked for President Ronald Reagan at the time, and I had a front-row seat to one of the most important policy reforms in history. Very few people outside of the Oval Office believed that tax reform was possible. Then, as now, there were myriad interest groups all seeking to preserve or secure special favors in the tax code. The President knew that the best way to unleash the economy was to simplify the tax code, bring down rates, and allow individuals and businesses to decide how best to invest their money.

Sources at NFIB tell MHProNews that hundreds of manufactured home companies are members of their organization, and that these tax reforms will be useful to them.

 

That [Reagan] tax reform led to the creation of 20 million new jobs, something we haven’t seen since,” NFIB’s president said.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

NFIB has been deeply engaged with the Trump Administration on tax reform, as a previous report on VP Mike Pence addressing NFIB’s small business owners reflected.

President Reagan and congressional leaders got it right then,” Duggan explained. “That was 31 years ago. Since then the tax code has become a tangled mess, with more than 70,000 pages, higher rates, and countless special provisions. We may not have another chance to fix the tax code for a long time, so we must get it right this time.”

NFIB is educating policymakers, journalists, and the public on how small businesses work,” Duggan told MHProNews, adding, “…The next few weeks are crucial. We’ll be working closely with Congress and the White House to ensure that tax reform starts with small business. They create half the jobs and half the GDP. Ninety-nine percent of all U.S. businesses are small businesses, and three quarters of them file as individuals, not as corporations.”

If the purpose of tax reform is to boost the economy, then it must focus on small business—the engine of the economy.” Duggan invited professionals to “help your own cause by visiting our take action page to contact your legislator.” ## (News, analysis.)

Note: Related article about Steve Forbes on Tax Reform, linked here.

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Spotlight-National Federation of Independent Business (NFIB), Manufactured Housing, Tax Reform

September 28th, 2017 Comments off

NFIBTaxReformNationalFederationIndependentBusinessDailyBusinessNewsMHProNewsSources with the National Federation of Independent Business (NFIB) tell MHProNews that they have about the same number of manufactured housing industry members as the Manufactured Housing Institute (MHI) does.

All told, the NFIB has some 325,000 member companies.  That’s about 1,000 times the size of MHI.

A now retired manufactured housing industry state association executive told the Daily Business News (DBN) on MHProNews that he “partnered” with NFIB successfully on several issues in his market.

As the industry’s professionals seek association-level national leadership voices that could provide a sound alternative to MHI, it’s good to get a feel for how large and impactful the NFIB is, what their position is on an issue such as tax and regulatory reform, and how professional they are compared to MHI.

The DBN has reported on NFIB for several years across a spectrum of issues.

The bottom lines are that they are pro-small business, promote less federal regulation, work for lower rates and a simpler tax code, and support many other issues that will often appeal to the small-to-mid sized manufactured housing operation.

 

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A recent report on NFIB is linked here, or by clicking the graphic above. ## (News, analysis.)

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If ObamaCare Repeal/Replace Passes Senate this Month, A Haircut Could Have Been Critical to that Cause

September 20th, 2017 Comments off

FormerSenatorRickSantorumDailyBusinessNewsMHProNewsNPRGettyI was up on the Hill, I happened to just go by the barbershop to see if I could get a haircut, and Lindsey [Graham, (R-SC)] was in the chair,” former Pennsylvania Senator and two-time GOP presidential candidate, Rick Santorum said.

And Lindsey asked me what I was doing, and I thought to myself, ‘Well, let me just bounce it off Lindsey,” per a report from NPR.

Santorum’s “it” was an idea Santorum had been discussing with several members of the conservative House Freedom Caucus.  It would repeal large parts of ObamaCare, replacing it with a system that Republicans tend to like more.

That “it” includes block grant funding to states, which come with fewer federal mandates.

The block grant approach was part of the major welfare reform law that Santorum helped author in 1996. The reform, signed by then Democratic President Bill Clinton, was a rare successful rollback of a previous government entitlement.

Santorum and the plan’s backers are hoping that history repeats itself.

This effort is formally led by Senator Lindsey Graham, is joined by Sen. Bill Cassidy (R-LA), and thus is known as Graham-Cassidy.

An indicator that the bill has traction is the fact that Democrats have sounded the alarm, asking their supporters to contact Congress to oppose the measure.

Lack of Transparency [i.e. Deception] Cause Law To Pass, Says Jonathan Gruber

Political junkies and Daily Business News readers may recall that ObamaCare ‘architect,’  Jonathan Gruber, said that the law was written in a “tortured” way so that the Congressional Budget Office (CBO) would not score the bill as a tax, one of several deceptions and heavy handed politics that opponents point to as reasons why the bill was doomed to fail in its promised goal of reducing healthcare costs.

Thomas Sowell, Ph.D. Economist, Thinker,

Thomas Sowell warned the nation that ObamaCare was logically incapable of achieving its stated goal, as illustrated in the well know quote above. Collage credit, Wikipedia and MHProNews.com.

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See the report, “Huge Shortage of Doctors Looming, Is ObamaCare the Fix or Blame?” by clicking the graphic above.

 

The National Federation of Independent Business (NFIB), and other business lobbying groups have supported the effort to repeal and replace ObamaCare.  Many in business, including manufactured housing, believe that ObamaCare has harmed workers and businesses alike.

As MHProNews has previously reported from sources within NFIB, they’ve said their membership includes a similar number of manufactured home members as does the Manufactured Housing Institute (MHI).

But with other industry voices in the mix, NFIB is arguably a far more powerful force at the federal and state level, with a total membership of some 325,000. ## (News, analysis.)

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Is the President Pivoting to Gain Bi-Partisan Support for Tax Reform?

September 7th, 2017 Comments off
PresidentTrumpSenatorHeitkampCreditWUWMDailyBusinessNews

Featured image credit, WUWM.

If Democrats don’t want to bring back your jobs, cut your taxes, raise your pay and help America win, voters should deliver a clear message,” President Donald Trump said during a speech he made in North Dakota on Wednesday.

Do your job to deliver for America or find a new job. Do something else. Just do something else,” he said.

Tax reform is a high priority for small and big business, including those in manufactured housing.

The president has been making his rounds to promote his signature goal of tax reform. According to left-of-center Politico, he is trying to gain support from Democratic Senators in states he won in the 2016 election.

During his event in North Dakota, President Trump welcomed North Dakota elected officials on stage – including Democratic Senator Heidi Heitkamp.

Heitkamp, who is up for re-election in 2018, reportedly graciously took the stage, smiled, and waved to the crowd.

Senator Heitkamp. Everyone’s saying: What’s she doing up here? But I’ll tell you what: Good woman, and I think we’ll have your support — I hope we’ll have your support. And thank you very much, senator. Thank you for coming up,” POTUS Trump said.

UrbanDIctionaryPresidentOfTheUnitedStates=POTUSDailyBusinessNewsMHProNewsHeitkamp did not speak at the event, and has not formally endorsed the president’s tax plan.  She is interested in seeing the proposals, and passing meaningful tax reform, per the Washington Examiner.

Ask any small-business owner, energy industry worker, farmer or parent in North Dakota about what they think of the current U.S. tax code and they’ll most likely tell you that it’s broken,” Heitkamp said, according to the Washington Examiner.

In a state where Trump won the election by 36 points, with a population who is supportive of tax overhaul, being called out by President Trump could have boosted her chances at being re-elected, says Real Clear Politics.

Or is the more “let’s make a deal,” Trump – gaining leverage with some members of his own party?

Senator Heitkamp even traveled back to Bismark, ND on Air Force One, at the invitation of President Trump.

You can watch the presidents full speech in the video below.

Will Tax Reform Gain Bipartisan Support?

By working together we are going to restore America’s competitive edge,” the president told the crowd at Andeavor Refinery in Mandan, near Bismarck.

Tax reform may be one of few issues that has the potential to gain bipartisan support in Congress, per the Washington Times.

The Daily Business News has reported on another instance of a Democrat who is pushing for common-sense tax reform.

RepTimRyanMorningJoeCreditMSNBCDailyBusinessNews

Featured image credit, MSNBC’s Morning Joe.

U.S. Representative Tim Ryan said on MSNBC’s Morning Joe that “we need to simplify the tax code. I think we need to lower the corporate tax rate. We can’t just be the party of redistribution of wealth. We’ve got to be the party of creation of wealth.”

Benefits to the Economy and the Manufactured Housing Industry

Reform of tax laws would benefit all working-class Americans, but more specifically it will improve the odds for small businesses and entrepreneurs. Getting tax reform passed would also keep, and likely improve, the confidence small business owners have in the Trump Administration.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidenceMembers of the National Federation of Independent Businesses (NFIB), which includes many manufactured housing industry professionals, has been calling on Congress to pass tax reform.

If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” said Juanita Duggan, President and CEO of the NFIB.

Even more recently, the Daily Business News has reported that the Job Creators Network is on what they are calling the Tax Cuts Now” tour. The tour will span two weeks, and encourages citizens to sign their petition, asking Congress for meaningful tax reform.

TaxBreaksReformGovernmentOverspendingCreditCPAPracticeAdvisorDBN

Featured image credit, CPAPracticeAdvisor.

While not a lot has been revealed so far about the president’s tax plan, it is said to create a simpler system, cut taxes for middle-class families, restore the country’s competitive business edge which would create more jobs, and bring profits from major companies back into the U.S.

Tell Congress to stop putting party first and start putting America first. Only then will it happen,” said Mr. Trump. ## (News, analysis.)

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Does the Government have a “Problem with Overspending” Tax Dollars?

September 5th, 2017 Comments off
TaxBreaksReformGovernmentOverspendingCreditCPAPracticeAdvisorDBN

Featured image credit, CPAPracticeAdvisor.

The federal government does not suffer from a lack of revenue; it has a problem with overspending our hard-earned tax dollars,” per an Op-Ed in The Hill contributed by Jonathan Williams and Alfredo Ortiz.

Jonathan Williams is the chief economist at the American Legislative Exchange Council, and Alfredo Ortiz is the president and CEO of Job Creators Network.

In the op-ed that the above quote comes from, Williams and Ortiz are encouraging Republicans to pass the tax reform that President Trump has been promising. They propose that Republicans pass a bill that would address tax breaks for small businesses and middle-class workers, without making big spending cuts as well.

The president is determined to energize the American economy, especially with the necessary tax cuts for job creators – small businesses all across the country who create 70 percent of all new jobs,” Ortiz said in a statement, per Newsmax.

AlfredoOrtizCreditAmericanLegislativeExchangeCouncilDailyBusinessNews

Image credit, American Legislative Exchange Council.

Job Creators Network will be very vocal and supportive over the coming weeks and months in an all-out effort to ensure small businesses and the country’s hard-working taxpayers get the help they’ve been asking for over so many years.”

Williams and Ortiz suggest that rather than going with a tax reform plan that is based off revenue neutrality, that there would be more success in a plan that was aimed towards deficit neutrality instead.

Revenue Neutrality Vs. Deficit Neutrality

If policymakers adhere to the false revenue neutrality notion that all tax cuts must be matched, dollar for dollar with tax increases so that total revenue stays the same, they create far too many economic losers in the tax reform process and minimize the benefits to the economy. Numerous well-intentioned tax reform efforts have succumbed to that fate,” per The Hill.

They went on to point out that, “Deficit neutral tax changes provide real tax cuts for hardworking taxpayers, and by nature, bring discipline to the spending side of the ledger.”

JonathanWilliamsCreditAmericanLegislativeExchangeCouncilDailyBusinessNews

Image credit, American Legislative Exchange Council.

Advocates of big government will say some federal tax burdens should be increased as a part of “tax reform,” Williams and Ortiz wrote.

However, they go on to point out that academic evidence says otherwise, and that the U.S. Treasury reported that in the first 10 fiscal months of 2017 the federal government collected more than $1.3 trillion.

Fiscal hawks should also be reminded of the fiscal benefits of tax cuts. Keeping more money in communities to be spent on Main Streets and less money shipped off to Washington to be spent on the federal workforce would be a massive economic stimulus.”

They go on to cite a nationwide poll conducted by Job Creators Network, which found that owners of small businesses would use their tax savings to

  • Raise wages,
  • Hire new employees,
  • Or expand their business.

Overall, the economic boost from those tax cuts would end up providing more revenue for the government in the long-run.  That was the case with Democratic President John F. Kennedy’s tax cuts, as well as Republican President Ronald Reagan.

Growing the Public Call for Tax Reform

Job Creators Network is one of the largest grassroots, pro-jobs organizations in the country. They have partnered with Freedom Works for a two weeks-long bus tour as a part of their “Tax Cuts Now” tour, per Breitbart.

During the tour, the goal is to encourage Americans to sign the organizations petition. Signing the petition sends a pre-written letter to Congress, asking them for meaningful tax reform.

Are Republicans Running Out of Time?

GingrichAndersonCreditWikipediaDealerscopeDailyBusinessNews

Newt Gingrich and Brad Anderson. Image credits, Wikipedia, Dealerscope, MHProNews.

To regain their legislative momentum and keep their majority, Republicans must clearly demonstrate they are fighting for the country’s hardworking taxpayers. This means passing a major tax cut by Thanksgiving — and making it retroactive to the start of this year,” per a USA Today op-ed by Newt Gingrich and Brad Anderson.

Gingrich is a former speaker of the House, and Anderson is the former CEO of Best Buy and a current member of the Job Creators Network.

Their belief is that if Republicans want to keep control of Congress they absolutely must pass a meaningful piece of legislation that benefits American workers before Thanksgiving this year – with the suggested bill being one on tax reform.

Republicans must get on the offensive now and argue not only that hardworking taxpayers deserve a tax cut but also that tax cuts need only be deficit neutral, not revenue neutral, in order to preempt the inevitable attack from the Congressional Budget Office,” Williams and Ortiz wrote.

Tax reform has been a hot topic again in recent weeks. Democratic U.S. Representative Tim Ryan suggested simplifying tax codes and increasing the Earned Income Tax Credit in order to boost the economy.

There has been even more talk of tax reform since President Trump’s speech in Missouri where he said that he “doesn’t want to be disappointed by Congress.”

The National Federation of Independent Businesses (NFIB) has been calling on tax reform that would benefit small businesses and entrepreneurs for a long time.

Many NFIB members are manufactured housing professionals who understand how simplifying the tax code and reducing the amount paid into taxes will benefit both businesses and consumers.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

Small business owners and entrepreneurs confidence has been starting to fade with the lack of action on repeal and replace of ObamaCare, the Daily Business News previously reported. Passing a beneficial tax reform bill would certainly be a step in the right direction for the Trump Administration – which must wait on action from Congress on this matter.

We are excited by the Trump Administration’s dedication to the small business owner and the American Dream. If we give tax relief to these job creators we can grow the economy and provide opportunity for millions. These small business entrepreneurs can’t wait any longer. They need tax relief now,” Ortiz said. ## (News, analysis.)

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JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

 

Trump Tax Reform Plan Made Simple in 52 Second Video, What’s in it for You?

August 10th, 2017 Comments off
TaxThompsonrReutersManufacturedHousingDailyBuisnessNewsMHProNews

Tax squeeze graphic credit, Thomson Reuters, shown under fair use guidelines.

It’s anyone’s guess if voter ire and feedback during the August recess will help the GOP controlled Congress bridge their own internal gaps on pending promises, such as tax reform.

But it may motivate professionals who vote if they better understood what was in the desired Trump plan.

The video on this page breaks it down in simple visual bites.  The Daily Business News’ recent report on the National Federation of Independent Business (NFIB) position on this issue, is linked here.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

It is worth mentioning that both Democratic President Kennedy and Republican President Ronald Reagan did tax reform that resulted in lower rates, which boosted the economy and rapidly lead to more revenue for the federal government.


We Provide, You Decide.” © ##

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War Talk Worries? How Is It Impacting Markets?

June 20th, 2017 Comments off
MarketVolatilityNearHistoricLowsManufacturedHousingIndustryResearchDataReportsAnalysisMHProNews

Credit, WSJ. Posted on the Manufactured Housing Industry’s Daily Business News – research, data, reports, analysis – MHProNews.com.

A longtime mantra inside newsrooms has been, “If it Bleeds, it Leads.” While professionals readily connect with that point with regard to murder or terrorism, that’s also demonstrably true about manufactured housing too, as:

  • tornadoes,
  • hurricanes,
  • dramatic fires,
  • crime or

other fatality/injury and ‘drama’ stories prove.

But what about the news and how it impacts the broader markets?

Everyday people tend to be more impacted than professionals.  Investors ‘factor in’ what’s driving the news, and as the Daily Business News has previously reported, the markets have risen in spite of a nearly non-stop media and political onslaught of the new administration.

International News – What’s Really Going On?

China and Russia are an obvious part of the global business markets.  Great powers – and those that are trying to become great – may posture on the world stage, sometimes like a petulant child, teen or adult striving to gain attention.

fewer3clinesWSJManufacturedHousingIndustryDailyBusinessNewsResearchReportsDataAnalysisMHProNews

The Wall Street Journal (WSJ) informs MHProNews this week that the “Fear Index” is near all-time lows here in the U.S.

MSCIAsianMarketVolatilityCalm2017WSJManufacturedHousingIndustryDailyBusinessNewsResearchReportsDataAnalysisMHProNews

Globally, the WSJ says volatility are also at or near all-time lows.  They point to Asian markets as an example.

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Snapshot of the U.S. and the Rest of the World’s Economy

It’s timely to note just how dominant the United States still is in the global marketplace.

WorldEconomicForumHowMuch-USGDPGlobalGDPPercentagesComparisons2017PostedManufacturedHousingIndustryDailyBusinessNwesMHProNews

Knowing that the U.S. dominates the global markets, gives President Trump a unique ability to influence events via a prudent use of economics and policies. The chart above also suggests why foriegn nations want to invest in the U.S., and why repatriation of some 2.5 (+/-) trillion dollars overseas would be possible with the proper tax and regulatory policies. See recent NFIB report, linked here.

Wikipedia says the U.S. has about 4.4 percent of the world’s population.  Yet, the U.S. had nearly 1/4 of the earth’s GDP, per the resources shown in these graphics/charts.

One could take the number two GDP of China – and often bellicose Russia – combine them, and they would still not equal the U.S. GDP, per the data revealed in the chart on this page.

The Daily Business News has been laying out, step-by-step, the actual impact on the marketplace of President Donald J. Trump’s policies (see link above).

TradingEconomicsNARExistingHomeSalesApril2017DailyBusinessNewsManufacturedHousingIndustryResearchDataReportsAnalysisMHProNews

The U.S. existing home sales data has shown some slippage, but this is due to a lack of affordable housing, per NAR’s own reporting. That potentially is a golden opportunity for manufactured housing, if – as MHARR’s leadership has suggested – the industry pursues the correct policies in Washington D.C., vs. the problematic ones that have impacted so many in the past.

While we’re just under the first six months of this administration, jobs are looking rosier.

The U.S. stock market has gained about 4 trillion dollars in economic value.

Huge arms and other international – as well as domestic deals – have been announced.

The president has teased more good news, and the recent meeting with tech CEOs – many of whom were his political opponents – were praised by those in attendance.

So while war – notably with radical jihadi groups – is ongoing and more is possible, the WSJ report of the domestic and global market indicators suggest that the odds are against it, thus the ‘fear index’ and volatility are low.

 

It’s the Economy…

It was Democratic strategist James Carville who popularized the slogan, “It’s the economy, stupid.” While his fellow Dems, anti-Trump and RINOs have been hyperventilating about almost any tweet or topic that points to the president, the economic realities have overall been positive for American workers and businesses alike.

It’s the economy, and it is improving.

It shows in the various confidence indexes that the Daily Business News – alone among manufactured housing publishers – tracks and reports for industry professionals and investors.

ThisIsYourWakeUpCallMastheadManufacturedHousingIndustryAnalsysisReportMHProNews

Click the image above to see why manufactured housing is poised to advance robustly, so long as various missteps are avoided.

While certainly surprises or the unexpected can happen – and thus it pays to stay informed – the early realities of the Trump presidency have been positive, even if the headlines have often sounded like the opposite.

When bankers, investors, and others take a good, long honest look at the manufactured home industry, they are pleasantly surprised, as the video below illustrates.

Additional reports are planned on some presidential initiatives as they relate to home building, and manufactured housing specifically. Watch for those in the days ahead. ## (News, Analysis.)

(Editorial Notice: news, analysis and perspectives are those of the writer, and may or may not represent the views of sponsors or others.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News on MHProNews.com.

 

NFIB – Small Business Outlook, Optimism, How Can DC Keep it Going?

June 15th, 2017 Comments off

MaySmallZBizEconomicOutlookNFIBManufacturedhousingRelatedDailyBusinessNewsMHProNewsWhile the two major parties and their respective media allies battle (sadly, literally) in Washington, Main Street is feeling optimistic.

So says the National Association of Independent Business (NFIB) President, Juanita Duggan.

Small business owners are highly encouraged by the President’s regulatory reform agenda, and they remain optimistic there will be tax reform and healthcare reform. This is a policy-driven phenomenon,” said Duggan about May’s optimism levels, in a release to MHProNews.

She says that health care reform passage, pending now in the Senate, is important.

JuanitaDugganPresidentCEONational_FederationIndependentBusiness(NFIB)postedDailyBusinessNewsMHProNews-

Juanita Duggan.

But “essential” to keeping the economy and small business moving ahead is tax reform.  This is a perspective that several pro-growth economists, such as former President Ronald Reagan and Trump Campaign adviser, Larry Kudlow, have said.

If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” said Duggan. While there are pledges to simplify, NFIB says there are more specifics needed.

Duggan appeared recently on Fox Business, in the video shown below.

The President’s tax plan would slash taxes for small businesses and level the playing field for businesses of every size and structure,” said Duggan. “Congress also has other good ideas for tax reform, but they need to stop talking and pass a bill.”

NFIB sources have told MHProNews that they have “hundreds” of manufactured home industry connected independent businesses as members.  These reportedly include producers, suppliers, vendors, retailers and communities, among others.  Their size in MH rivals that of the Manufactured Housing Institute (MHI), but their overall size dwarfs  the factory-built home industry.  NFIB has some 325,000 members nationally, so they have more members than there are total the estimated numbers of professionals working in manufactured housing.

Their May report linked here is a download. ##

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.