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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.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

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

Dems Return to the Drawing Board as the GOP Pursues its Agenda

April 17th, 2017 Comments off

(Image credit: TodayIFoundOut.com)

In an interview with the Washington Examiner, Republican National Committee chairwoman Ronna Romney McDaniel sounded an alarm that the GOP does not get moving on its agenda in Congress, it runs the risk of being moved out.

It’s hard to win if you don’t govern. If you make these promises, it’s going to be hard for us to win in the midterms,” McDaniel said. “I think it’s early. I think the president’s working hard on those issues and we’ve already seen some very strong governance from the White House with deregulation, with [Neil] Gorsuch, with Keystone [Pipeline], with jobs coming back. But we have to continue that, and we have to keep promises that we made on the campaign trail.”

(Ronna Romney McDaniel credit: Chicago Tribune)

While there was initial talk of moving on to tax reform and leaving the repeal of ObamaCare, discussions have picked up between the White House and the Freedom Caucus and the centrist Tuesday Group.

House Speaker Paul Ryan described it as ‘Republican growing pains.’

Ms. McDaniel says it shows the strength of diversity in the Grand Old Party (GOP, Republican).

I actually think it’s a strength of our party that we have a robust dialogue, that you bring different viewpoints to the discussion. The Democrats are always in lockstep with each and that is exactly why we have the disaster of Obamacare. They didn’t have a discussion,” the former Michigan GOP chairwoman, who has been the RNC chair for only three months, said. “They didn’t have people pointing out, ‘hey, there’s a flaw here. Let’s talk about this. Let’s take it to our constituents. Let’s have a transparent process. Let’s maybe read it before we pass it.’ Those types of things maybe would have made it a better bill.”

Noting that in 2018 ten Democratic senators are up for re-election in states where Trump won, McDaniel cautions that it is easy to organize opposition by the party out of power, but maintains the Republicans are “focused on the entire ticket and maintaining and expanding majorities in the Senate and the House going into 2018. When you are doing what we do, which is build the ground game, you don’t just lift the top of the ticket, you lift the whole ticket.”

Democrats on the Attack

Meanwhile, attempting to shift back the balance of power, the Democrats are sifting through possible candidates in 64 congressional districts as they chase opportunities for next year’s midterm elections.

According to Politico, they are knocking on the doors of veterans, women and others who have never held elected office, and owners of small businesses as they try to benefit from the anti-Trump energy in the streets.

(Rep. Ben Ray Luján (D-N.M. credit Wikipedia)

Democratic Congressional Campaign Committee (DCCC) leaders have already met with 255 potential candidates. DCCC Chairman Rep. Ben Ray Luján (D-N.M.) said, “We are going to be on offense, we are going to take this fight to the American people.”

A recent recruiting meeting brought together Vote Vets, a liberal group focused on veteran’s issues, and women interested in politics. Convened by Sen. Tammy Duckworth (D-IL), herself a veteran, she spoke with a dozen veterans about defense and international issues, including two female helicopter pilots, all of whom have recently completed their tours of duty or will soon. “Especially among the younger generation of veterans, you have a community that is far less conservative than people might think,” she said.

Rep.l Seth Moulton (D-MA) has garnered some 22 fellow veterans who are interested in public office. “I don’t think you have to be a veteran to run for office, but when you’re looking for a group of people who might be able to rise above the bitter partisan gridlock, veterans are a good place to look,” he said. “Washington seems like a dirty place. But so was Afghanistan. And so was Iraq. And we’re going to clean it up.

Presidential Approval Back Up

CBSNewsBarronMelaniaPresidentDonaldJTrumpEasterEggRoll

CBS News was among the media outlets which had writers and commentators slamming President Trump for not remembering to put his hand over his heart during the National Anthem. “Trump is reluctant to put his hand on heart during the National Anthem & is dropped by the San Francisco 49ers.,” snarked a tweet by Chuck Groundhog, posted on the CBS News website. With all that is going on in the world, presidential defenders say, couldn’t the president be just a bit distracted? ‘Can you cut POTUS a little slack?’ Photo credit, CBS News, shared under fair use guidelines.

Even after weeks of blistering attacks, the latest Rassumusen Poll, among the most accurate in the 2016 election cycle, has President Donald J. Trump back at 50% approval.  

Figuring that just attacking President Trump will not be sufficient to turn the tide, Democrats are digging into finances and committee votes of Republican members of Congress. They are focusing more on the South, and in districts where stronger opponents than those that ran in 2016 might have a better chance of unseating the GOP.

Jesse Hunt credit: LinkedIn)

But National Republican Campaign Committee press secretary Jesse Hunt said, “The activist-base Democratic Party is demanding all-out obstruction in Washington, D.C., to the entire Republican agenda, and it’s going to make it difficult for Democratic to make the necessary course correction in these competitive Congressional districts,” Hunt said. “As a result of that, you’re going to see the Democratic base demand far left progressive candidates that don’t fit the suburban districts they need.”

Republicans have led Democrats in fund-raising each month of 2017, and have met with 100 prospective candidates on their own.

According to GOPUSA, the seating of Supreme Court Justice Neil Gorsuch will begin the return of respect for constitutional powers and “undo what eight years of Obamanista rule inflicted on the nation.”

LoisLernerAttorneyformerIRSWikipedia-postedDailyBusinessNewsMHProNewsOne place to start would be going after IRS officials who were caught persecuting tea party and other nonprofit conservative groups in order to assist in Obama’s re-election campaign in 2012. In addition, not only did Lois Lerner, who was in charge of the division that conducted the persecution, retire with full pension, but thousands of IRS employees who fudged on their tax returns were not charged.

What’s more, an inspector general’s report discovered “the IRS routinely seized millions of dollars from legitimate businesses between 2012 and 2015 simply based on the business people’s practice of making bank deposits of less than $10,000 to avoid onerous paperwork. This guilty-until-proven-innocent scheme of the IRS victimized countless small business people, some of whom didn’t recover what was seized even after being cleared of any criminal activity.”

A random sample revealed 91 percent of the businesses in a sample of 278 forfeiture cases had made their money legally.

At the Environmental Protection Agency, large donors to the Democrats routinely abused Clean Water and Clean Air acts without any retribution. President Trump has directed the EPA to review its regulations, and has reversed regulations that were intended to put coal operators out of business.

Additionally, the GOP sees the Justice Department as also having served purely ideological ends during the Obama administration, especially in the Civil Rights Division and in the Voting Section. Much of the wrongdoing came under Thomas Perez, now the chair of the Democratic National Committee. The agency needs to be returned to the non-partisan, chief enforcer of the nation’s laws as it was intended. ##  

Related by RC Williams – Consumer Confidence Surges to New High Under Trump Admin.

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matthew-silver-daily-business-news-mhpronews-comSubmitted by Matthew J. Silver to Daily Business News for MHProNews.

Trump Towers, Clinton Cruises to NY Win

April 20th, 2016 Comments off

trump_towers__ny__post__creditIn the New York primary, with 98.8% of the votes tabulated, according to what politico tells MHProNews, Republican presidential candidate Donald Trump topped opponents Sen. Ted Cruz and Gov. John Kasich, winning 60.5 percent of the votes, 89 of the 95 delegates. Kasich earned 25.1 percent, picking up three delegates, while Cruz received 14.5 percent.

On the Democrat side, Hillary Clinton gained 57.9 percent of the vote, picking up 175 delegates while Sen. Bernie Sanders gained 42.1 percent, giving him 106 delegates.

The three remaining candidates for the Republican nomination intend to alter or end what they see as the job and growth killing policies and practices of the Consumer Financial Protection Bureau, while both Democratic candidates vow to keep or strengthen what they see as the important reforms of the Dodd-Frank Act. ##

(Image credit: New York Post)

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D.J. Pendleton: Texas Races are Hot—but Get Out and Vote Regardless

March 1st, 2016 Comments off

dj_pendleton__credit__mhpronewsNoting that his energy runs high on Election Day, Texas Manufactured Housing Association (TMHA) Executive Director D. J. Pendleton tells MHProNews the state races in Texas are just as interesting as the national races. Tea Party candidates are challenging long-time incumbents, and recently elected Tea Party legislators are being challenged by moderate Republicans.

He says, I’ll also be closely watching the strategy employed in some races to stack the ballot in an effort to prevent the incumbent from getting over 50 percent of the vote to then force a runoff election where the voter turnout tends to be much different than on a normal election day.”

The 1.1 million early votes cast is about double the number cast in 2012, with a 65 Republican vote split to 45 percent Democrat, writes Pendleton. The secretary of state will release early voting totals as soon as the polls close,

It’s important that you vote. If you do not know your polling place in Texas, click here for the Texas Secretary of State website.

Why is “Super Tuesday” important? It’s the day when 12 states and one U. S. territory hold their nominating contests for the presidential election. “Super” refers to the fact that the largest number of states are holding their contests on the same day.

For the Republicans, 595 delegates are at stake in today’s voting, while the Democrats have 865 delegates who are on the line. Ten of the states are holding Democrat and Republican elections. In another state is the Republican caucus, while one state and American Samoa are holding Democratic caucuses, according to what politico tells MHProNews. ##

(Photo credit: MHProNews–D J. Pendleton)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to daily Businss News-MHProNews.