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“Playing Politics” – Immigration, Border Battle, and Manufactured Housing

January 11th, 2019 Comments off

 

PlayingPoliticsImmigrationBorderBattleManufacturedHousingDailyBusinessNewsMHProNews

What happens with jobs, businesses, stock markets, and the economy clearly have an impact on the nation, of which manufactured housing is a part.

 

For close readers of the Daily Business News evening market report here on MHProNews, there is a notably strong corollary between what the broader markets do, and what occurs with manufactured housing connected equities. While one could debate if that should be so or not, in rears, it is so.

 

Investor relations and quarterly statements by publicly trade firms involved in manufactured housing often cite the jobs market or broader economic conditions as a factor in their firm’s performance.  These are among the reasons for the evolution of our evening market report plus some special reports that are “News Through the Lens of Manufactured Homes, and Factory-Built Housing.” © Broader economic, political, and market conditions most certainly impact manufactured, modular and prefab homes. 

ICE raids on factory-builders are just one direct example of how immigration and border policies touch upon the manufactured home industry.

 

Reports – ICE Raids Factory Builders

Another is the presence of undocumented, falsely documented, or illegal aliens at manufactured home (MH) sales centers and who are living in thousands of MH communities.

 

Who is Playing Politics?

The answer to this question is simple. Both major parties are playing politics.

Democrats and Republicans alike are hoping to score points for the 2020 election, since campaigns are de facto already underway.  Each side has media allies that are carrying water for them.  

That noted, the better question is what is the correct policy for the border and immigration?   To explore that, we’ll begin with each sides claims. Here are the two videos from the President Trump’s Address to the Nation on the border issue, and the Democratic response. We’ll let the Democratic video go first. This version from the Washington Post had 988,348 views as of 4:53 PM ET on 1.11.2018.  

 

 

Next video is the President Trump’s address from the Oval Office.  This Fox News version of the video has had 507,544 view as of 4:57 PM ET, on 1.11.2019.  The Deadline said that some 41 million Americans watched this under 9 minutes live. That same source said that the total viewers that watched the Democratic response topped that who viewed the president’s address.  

 

 

Those high viewer numbers reflect what a recent AP NORC poll said, that immigration is among the top issues on the minds of Americans of all political stripes.

 

APNorcPollImmigrationTopConcern2019DailyBusinessNEwsMHProNews

The poll found that 65 percent of Republicans say immigration is one of the top five problems facing the country, up from 42 percent in 2017. Among Democrats, 37 percent cite immigration as a top issue, compared with just 2 in 10 a year ago,” said ABC 5.

Roughly two-thirds of those who named immigration as a top priority express little confidence in the government to make progress this year, including a third who say they are “not at all” confident,” per ABC 5 on that AP-NORC poll. “About a third say they are at least moderately confident in the government to make progress on immigration.”

 

Facts, Figures, and Political Posturing

When former President Barack Obama’s new home in metro Washington, D.C. was acquired, the Obamas had a wall built for enhanced security. The White House is behind a fence.  It is common for the rich and famous to fence or wall of their properties as part of the security.

There are videos of former Senator and President Barack Obama supporting border security that included double fencing, roads, and other measures. It is foolish for House Speaker Nancy Pelosi, Senate Minority Leader Chuck Schumer, or former Senator and Secretary of State Hillary Clinton to argue that a border barrier is immoral, racist, or anything else, when they have all supported legislation that included fencing.

There is also no doubt that the candidate Donald J. Trump said that Mexico would pay for the wall. The President also said that he would own the shutdown of the federal government. These are indisputable. It is also true that the border barriers won’t stop all drugs or other illegal activities from occurring.

Border agents, years of actual history along fenced parts of the border, and the experiences of other nations all demonstrate that fencing and walls work. Locks on your door won’t keep out everyone that means to do you or your possessions harm. But we don’t remove doors or locks just because they are not 100 percent effective.

Illegal immigration is costly to America’s citizens. It has proven fatal or deadly to thousands harmed by the small percentage of criminals who come into the U.S. via the southern border.

 FAIRTotalGovtCostsonIlelgalImmigrationFederalStateLocalTaxcostsDailyBusinessNewsMHproNews

A Democrat representative said this week that the calls into one of his district’s office for border control was running about 10 to 1 in favor of fencing, barriers, or a wall.

The law of supply and demand tells us that more low cost, low skill labor harms the earning power of other workers.  It is worth noting that both sides claim to want to improve the flow of needed, higher skill workers.

 EmploymentBasedGreenCardBacklogManufacturedHousingIndustryDailyBuinessNewsMHProNews

 

Talk radio king Rush Limbaugh reported floated a surprising ‘solution’ to the border debate standoff. And it requires no fencing, barriers, or walls. 

The solution, he opined, perhaps somewhat tongue-in-cheek “…enforce the law.” 

  • Mandatory eVerify. No hiring of any workers that don’t have legal status and the proper documents to go with it.
  • No healthcare, education, housing assistance, or any other benefits for undocumented foreign nationals.

BorderFenceLibertyNationDailyBusinessNewsMHProNews

Style may bother some people, but facts and common sense should rule. 

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The video below from left-of-center CNBC explains that in 3 weeks, the shutdown could cost the nation more than the $5.6 billion that President Trump is asking for in border and related security funding.

 

 

There are good odds that President Trump will declare a state of emergency, and attempt to build the wall that way.

There are equally good odds that it will be challenged in a court by Democrats where they will expect a favorable ruling. Then a new phase of the struggle over the border issue begins in the courts.  

Both sides have played politics, but the rationale for border security, immigration enforcement, and some common sense solution to those illegals who are already here should take place. The rest are details and commentary.  We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Did MHProNews Miss This? MHI Insider News Tip – Following Evidence, Money

October 24th, 2018 Comments off

 

FollowingEvidenceMoneyManufacturedHousingInstitutelogoMHIlogoManufacturedHousingIndustryMHProNews

What a message that arrived at MHProNews HQ.

 

 

It said this.

Tony [MHProNews’ publisher], I’m wondering if you missed it.  You’ve [MHProNews] done articles lately on billionaires, Democrats, and of course on MHI [Manufactured Housing Institute]. I’m conservative [said the message], but my colleagues and I give to Democrats.  We are members of MHI too. Think of Democrats and MHI as protection rackets. That’s the bottom line.”

 

Wow.  And ouch.

Sources in California have pointed to something similar.

Per those sources, manufactured home industry professionals are giving to Democratic candidates there, not because they necessarily believe in them or their policies.  Rather, it is because they want access, after an election.

Manufactured Home Resident Group President Cautions Against MHAction, Surprising Background Reveal to Manufactured Housing Action

 

Publisher L. A. ‘Tony’ Kovach said, “We value feedback, input, and news-tips – especially those tips that come with documentation or evidence of a claim. That said, while we [MHProNews] could have expressed it differently, MHProNews has published similar points to those of the professional who sent the message.  Nevertheless, it is a useful insight – and appreciated – as it underscores concerns we’ve been publishing, and gives us an opportunity to clarify the concerns that pro raised.”

There are certainly various reasons why some company or person gives to a certain PAC, and/or candidates.  The following graphic is from NBC News.

 

MidtermsPrimaryFundraisingNBCNewsDailyBusinessNewsMHProNews_001

 

For example, MarketWatch did a run-down of how certain CEOs – including Warren Buffett – have used their campaign donations, to support candidates from this or that – or both – political parties.

 

PartisanBigSpendersDailyBusinessNewsMHProNewsMarketWatch

The two charts above reflect why MHProNews curates from a variety of sources. MarketWatch apparently wanted to use select data to make it appear that Republicans are getting more donations, but in fact the majority of campaign contributions are going to Democrats.

MarketWatchBigCompanyGivingByPartyDailyBusinessNewsMHProNews

 

As MHProNews revealed recently, resident community group members often mistakenly believe that Democrats are the party of and for the poor.  But the data reflects what is shown on this page, and from the linked related reports.  Democrats have become the party of big money.  They are also often the party of purported monopolistic ‘moat builders.’

 

BillionairesWhoGivesDemGOPRepForbesTenRichestInAmericaDailyBusinessNewsMHProNewsPolticalTendencies

7 of the top 10 billionaires lean Democratic, per published data.

 

As MHProNews exclusively reported, key MHI members have backed Democrats in opposition to candidates that carried water for MHI on Preserving Access to Manufactured Housing. See the related reports, below.  That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” ©. ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Danny Glover, Presidents Barack Obama & Donald Trump, Promises Kept, and Affordable Manufactured Housing

Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

 

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“Results vs. Resistance,” Cutting Fog with Facts for MHVille

October 1st, 2018 Comments off

 

ResultsVsResistanceFogVsFactsPXDailyBusinessNewsMHProNews600x315

Some 72 percent of Americans believe that misinformation from media is common today, said a recent Axios poll. Distortions of reality impacts manufactured housing in a variety of ways.  The light of truth is a useful disinfectant to the darkness of false information or harmful fiction.

 

As was recently reported on the Daily Business News on MHProNews, manufactured home community resident Rob Weymouth wrote a letter to his local editor to encourage readers to “vote Democratic” to fix his states rent control bill. It was Democrats who passed the rent control measure, a Democratic governor signed into law, and Weymouth himself said the law was “useless.”

Weymouth has the seal of approval from the Delaware Manufactured Home Owners Association (DMHOA), which is affiliated with MHAction, and NMHOA.  ICYMI, see the related report, below, later for the details.

MH Communities, Owners, MH Independents Alert – NMHOA and MHAction Next Steps? – Part 1

MHProNews has reported for years on the unintended problems caused by rent control.  Paul Bradley, of ROC USA, took aim at the issue of rent control too, saying there had to be a better solution.

PaulBradleyPresPhotoROCUSALogoRentControlManufacturedHomeLandLeaseCommunties

Why not look past the feel good, easy fix sound bites – that are often based upon myth – and see the reality that rent control harms residents, potential developers, and smaller property owners alike? Tim Sheahan, President of the National Manufactured Home Owners Association himself identified, albeit perhaps unwittingly, the fact that when there was a lot of developing going on, land-lease was affordable and the free market kept site-fees – a.k.a. ground rent – stable.

Tim Sheahan, NMHOA President, Controversial Points of Agreement with Marty Lavin, George Allen on Communities

Part of Weymouth’s – and those of his associates who agreed with his reasoning for voting for Democrats – was another claim that’s easily disputed.  Namely, that Republicans are the party of the rich.

Tell that to the top 10 billionaires in America.

ForbesTenRichestInAmericaDailyBusinessNewsMHProNewsPolticalTendencies

7 of those 10 billionaires are reliably Democratic supporters.  3 of those top ten are more conservative or Libertarian leaning.  Warren Buffett is near the top of this list, and he and his fellow travelers are reliably Democratic supporters.

Yesterday, on Sunday Morning Futures, House Majority leader Kevin McCarthy was asked how does the GOP fight the perceived blue wave and their oversized pockets?

McCarthy answer was comparing “results vs resistance.”  The “resistance” is a term that the left has adopted to the presidency of Donald J. Trump.

Democrats have two liberal billionaires that are trying to buy the House to flip it,” McCarthy said, per the Daily Caller. “You have Mike Bloomberg who first promised $80 million. Now he’s talking about going to $100 million just on Democrats in the House. And then Tom Steyer who has already spent $120 million. And he brags because he wants to impeach the president.”

New York Mayor Michael Bloomberg has signaled that he may run in 2020 for president as a Democrat.  If so, having a majority in the Congress would be for him and his colleagues the ideal outcome.

The difficulty is, when you have liberal billionaires willing to write a $100 million check at the time, that’s very difficult to try to equal the playing field,” McCarthy said.

How do we equal the playing field? Results vs. resistance. The results of this economy [are] better than we’ve seen in the last 50 years.”

 

Counter-Indicators?

President Trump, when out on the stump at his rallies, explains to his listeners how suppression polling is supposed to work.

Take, for example, a “push poll” that tries to get a surveyed person to answer questions in a preferred fashion. Here at MHProNews, we are routinely called for polls.  We know first-hand that push polls are a common surveying method.

Another tactic used by some polling operations is the over-sample from among Democratic supporters, while under sampling Republicans and independents. That occurred in the 2016 election cycle.  By looking at the internals of some polls, and using public data with adjustments, MHProNews was able to use mainstream polling and project the path for a Trump victory on election night accurately.

But how many voters look at the ‘internals’ of a poll to begin with?  The president is correct in suggesting that a possible goal of polls is to convince people that the election is “over,” and there are no good reasons to go out and vote.  The odds may favor the Democrats, on money or the historic trends of many midterms in the last 50 years.  But going to vote still counts.

In 2016, Republicans were outspent by Democrats for president that year. CBS News reported that “Election 2016’s price tag: $6.8 billion. Americans who are running for federal elective offices spent more than ever — about $6.8 billion — in that pursuit, including the nastiest presidential election in recent memory, between Hillary Clinton and Donald Trump.”

Per the New York Times,Mrs. Clinton’s total expenses were $565 million, compared with $775 million for President Obama; Mr. Trump spent $322 million, while Mitt Romney, the Republican nominee that year, spent $460 million. Mrs. Clinton closed with under $1 million in the bank, much less than the $7 million remaining for the Trump” campaign.

Former Manufactured Housing Institute (MHI) Chairman was one of those movers and shakers in MHVille that supported Clinton, and previously supported President Barack Obama.  He’s used Clayton Homes for product, and 21st Mortgage for lending, both Berkshire Hathaway brands.  Berkshire Chairman Warren Buffett was a prominent backer of then Senator, later President Barack Obama.  The money and influence tilted toward the Democrats.

Nathan Smith, SSK Communities, From Mobile Home Resident to Manufactured Home Communities Owner, & Manufactured Housing Institute Leader

So the trend for years has been more money for Democrats, including more big donors for Democrats. But just as President Trump was able to win with fewer dollars, that is possible in the 2016 cycle too.

 

Evidence for the Red Wave?

In fact, there are several surveys and counter-signals that could indicate that the blue wave Democrats and much of the mainstream media is reporting could prove to be incorrect.  Let’s look at some facts.  Gallup did a survey in September that demonstrated that the GOP is at its highest level of acceptance in some 7 years.

GallupSurveyRepublicanPartyMoreFavorableVsDemocratsSept2018vs2017DailyBusinessNewsMHPronews

Per Gallup, the Republican Party is viewed slightly more favorably than Democrats.  Isn’t that odd, given all of those polls that suggest an edge to Democrats? But there’s more.

GallupViewPartyMoreFavorablyDemocratsRepublicansSept2018vs2017DailyBusinessNewsMHProNews

The National Federation of Independent Business (NFIB) – which sources there tell the Daily Business News on MHProNews includes hundreds of manufactured housing industry firms among their 325,000 members – has reported their highest levels of business confidence in many years.  That confidence wave began with the election of Donald J. Trump.

Record Shattered on SBO, Yields Growth, Profits, More Says Juanita Duggan’s Group

Consumer confidence surveys are likewise at historic levels since President Trump began his term in office.

In the recent TV viewing of the Ford-Kavanaugh Supreme Court confirmation hearings in the Senate last week, Nielson said that some 20 million Americans tuned in that day to watch part or all of the proceedings. “20.4 million people tuning in on six broadcast and cable networks, according to Nielsen data released on Friday,” said NBC NewsMillions more listened to the testimony by radio.

Per Forbes,On the three major [cable] news networks, Fox News, MSNBC and CNN, the Kavanaugh hearing averaged 11 million total viewers from 10 a.m. to 6:45 p.m., according to Nielsen data. That viewership peaked from 3:15 and 6:45 p.m., when Kavanaugh himself testified, with almost 13 million total viewers.”

Fox News easily beat the audience share of MSNBC and CNN. See the graphic, below. While not every CNN viewer leans Democratic, and not every Fox viewer leans GOP, those are the widely noted tendencies.

FoxNewsCableRaceCNNMSNBCDrudgeDailyBusinessNewsMHProNews

Perhaps more significant are the radio audiences.  While there are “progressive” talk radio shows, conservatives and libertarians dominate talk radio. Rush Limbaugh, per various reports, can reach up to 30 million people online, via broadcast, etc. Sean Hannity can be about half that “Rush” audience size.

With unemployment among blacks, Hispanics and women at record lows, and wages rising, there are reasons to believe that their support for President Trump-backed candidates will grow.

Once again, black entertainer Kanye West publicly made a pro-Trump talk this past weekend.  While booed by some members of the largely liberal Saturday Night Live (SNL) audience, he’s part of that trend towards a less monolithic voting among minorities for Democrats. The broad-minded network did not air it, but here is a clip of what took place.

Democrats may be signaling their own concerns over 2018 in subtle as well as obvious ways.  Former President Barack Obama, Michelle Obama, and Secretary Hillary Clinton have been and/or soon plan to hit the campaign trail in support of Democrats.  It is worth noting that former Secretary Clinton will be campaigning with openly socialistic candidate, Mayor Andrew Gillum in FL.

Every election comes down to turn-out. November 6 is just 36 days away, and early voting has begun. Some polling suggests that a record midterm could be ahead. The president has a packed campaign rally schedule.

As MHProNews fact-checks and analysis has documented and reminded industry professionals, the Obama Administration era foisted more regulations, Pam Danner at HUD, higher taxes, Dodd-Frank, doubled the federal debt, ObamaCare, and other road-blocks on our industry’s growth. President Obama promised to veto Preserving Access to Manufactured Housing Act, while President Donald J. Trump signed S. 2155 into law, which contained a key plank from the same bill.

The mask is arguably coming off of the various ways that MHI acts as Buffett’s Berkshire tool. MHI’s own former VP blew part of the Arlington, VA based trade group’s cover.

2012 Election Results and Coming Lame Duck Session

The midterms can continue the momentum in the economy, or it could reverse it with promised socialist policies being openly advanced by several Democratic candidates.

 

Results vs. Resistance.”

Which way, MHVille pro, will you vote?  What will you tell your circle of influence?  Keep in mind, if you don’t vote, you’ve de facto voted for the winner. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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Tax Reform, Front and Center, as Business, Democrats and GOP Converge on Issue

September 13th, 2017 Comments off
TrumpTaxPlan2018CreditKELOLANDDailyBusinessNews

Featured image credit, KELOLAND.

The president is committed to getting tax relief for middle-class Americans passed and is willing to work with Democrats and Republicans to do it,” White House officials said, per Fox News.

Small businesses and entrepreneurs around the United States are waiting to get more specifics on the potential tax reform that President Trump is pushing for legislature to pass.

Since early on in his campaign President Trump has been calling on Congress to pass a bill that would provide significant tax breaks for small businesses.

Groups like the National Federation of Independent Businesses believe that tax reform will significantly improve their chances at success.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

Just last week the Daily Business News reported on the presidents spotlighting Senator Heitkamp in North Dakota where he stopped to give a speech on his hope for tax reform.

Ideally, he’d like to get it down to 15 percent. I don’t know if we’ll be able to achieve that given the budget issues, but we’re going to get this down to a very competitive level,” Treasury Secretary Steven Mnuchin told a conference in New York hosted by CNBC.

StevenMnuchinUSSecTreasuryTrumpAdminDailyBusinessNewsMHProNews

In order to pass a tax reform bill the Senate will need at least some Democrats to be on board. As it stands now, a group of 43 Senate Democrats and two independents have signed a letter laying out their “demands” to see bipartisan tax reform, per Reuters.

There is question as to whether or not Trumps goal of 15 percent is realistic considering the spending cuts that would have to go along with such tax breaks.

The president is prepared to push for as low of a rate as we can get. We’re going to continue to push for that and work for Congress to make sure we get the best deal possible,” White House spokeswoman Sarah Sanders said.

In what is likely an attempt to gain support from the Democrats, Trump has recently agreed to raise the debt ceiling and fund the government through December 8, 2017. Now, he has invited at least three Democrats to a dinner, likely to push for support for the upcoming tax reform bill.

Those invited to dinner with President Trump include Joe Donnelly, Heidi Heitkamp, and Joe Manchin.  Each of those Democrats are in states that President Trump won by a wide margin.

PresidentTrumpSenatorHeitkampCreditWUWMDailyBusinessNews

Featured image credit, WUWM.

No more platitudes. Let’s see some meat on the bone,” Senator John Kennedy said. “You don’t always get what you want. I think there’s a song that says that. But you need to get what you need and that’s where we are. And I‘m tired of screwing around. … The American people are tired of screwing around.” ## (News, analysis.)

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

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

 

“Street Fighter,” “Going to War”

September 11th, 2017 Comments off
SteveBannonCBS60MinutespostedDailyBusinessNewsMHProNews

Steve Bannon, credit, CBS 60 Minutes.

The Trump Administration’s self-described “street fighter” is now unleashed, or so says Steve Bannon to CBS’ 60 Minutes. 

Bannon says he is now free to fight for the president from outside of his administration. He resigned last month.

Bannon was President Trump’s Chief Strategist for a variety of reasons.  He’s media savvy, bold, and believes in a populist, America First, economic nationalism.

The right-wing firebrand shrugs off allegations from his detractors of racism.  Breitbart gleefully points to Harvard’s recent finding that confirms that by saying, they are not alt-right.

Bannon is now back with Breitbart, where he says he will be “going to war” to fight for President Trump, who he called a “great counterpuncher,” and “a fighter.”

Bannon blasts Republican leaders Paul Ryan and Mitch McConnell.

These two CBS video clips from the 60 Minutes interview posted above give industry pros a flavor of Bannon’s ‘insider’ views on the pre-and-post election campaign and how things are working in Washington.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Breitbart is near the top right on the chart above. Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the thinking and agendas behind various headlines and news sources. Alexa ranks Breitbart at #56 of all websites in the U.S.

Those insights may prove useful to sizing up what is actually going on for those seeking to move agendas in the DC “swamp.”  (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.

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?

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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.

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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.)

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

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

 

 

 

Where Democrats, Republicans, Business Professionals and Non-Profits Agree

March 20th, 2017 Comments off
CFEDNLIHCROCUSAStarHomesCullmanALlogos

Each logo is the property of their respective organization, and are shared here for illustration purposes under fair use guidelines.

Here’s a riddle.

What does incoming HUD Secretary Ben Carson (R), previous HUD Secretary Julian Castro (D), CFED, ROC USA, NLIHC and Star Homes of Cullman AL’s Stan Dye all have in common?

Answer. They have all acknowledged the tremendous value of modern manufactured homes, particularly as a good option for solving the affordable housing crisis.

But there are certain tensions, concerns and controversies.

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One of the many models in the unique model home village at award-winning retailer, Star Homes of Cullman, AL. Photo credit, still from Inside MH Road Show Video.

For example, will Dr. Carson follow the lead of the rallying-cry of the new Trump administration, “enforce the law,” and implement enhanced preemption?

To learn more about the issue and related dynamics, as well as see the related video interview, please click here to read the full story.  ##

(Image credits are as shown above.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-By Soheyla Kovach for the Daily Business News on MHProNews.

TINs and what POTUS Obama’s immigration executive action means for Lenders, manufactured housing

November 24th, 2014 Comments off

julian-castro-housing-urban-development-hud-secretary-posted-daily-business-news-mhpronews-com-Manufactured housing (MH) retail, community and lending professionals know the Hispanic market has long been a strong and growing target audience for the industry. So when National Mortgage News (NMN) gives their 411 on what the president’s controversial executive action last Thursday might mean for housing lenders, MHProNews listened.

NMN‘s Evan Nemeroff stated, “…giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders’ and borrowers’ qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers, or TINs.

Nemoff points to HUD’s recently appointed Secretary Julian Castro – whose clear ties to Hispanics can’t be missed – saying the president’s Thursday announcement is “an important step toward fixing our broken immigration system.”

Even before this immigration reform was announced, nearly 11 million undocumented immigrants were eligible to qualify for mortgages using an individual taxpayer identification number,” Nemoff said, “which is assigned to them by the Internal Revenue Service for tax-filing purposes. However, very few lenders offered this product.

Citibank and Venta Financial Group are among housing lenders who have made loans using TINs. Some in MH finance have done so too.

Republican leaders have vowed to battle the president’s immigration move as a naked power grab, since there is no legislation behind it, as was the case with allegedly similar orders by Presidents Reagan and Bush 41.

The announcements and arguments by pro-Obama Administration sources fits the pattern of seeking to carve out supporters for their move, by offering enticements: in this case, the possible promise of more home loans and sales to Latinos.

Censure by Republicans – who control both House and Senate in 2015 – budget carve outs, holding up the Obama Administration’s judicial and other appointments are among the tools mentioned to foil the hotly questioned executive immigration action.

With the president no longer facing re-election, low poll numbers for him, anemic support among the population at large – even below 50% among Hispanics for the announced amnesty for 5 million illegals in the U.S. – seems of little concern to the president and many top Democrats.

Nor does it seem to be troubling to those favoring the amnesty move that the president himself repeatedly argued since 2009 that he doesn’t posses the authority under the Constitution he now claims to have.  Such statements are captured in the video shown above.

Time will tell if housing lenders – including those in MH – will bite on using TINs more to make more loans for such currently deemed ‘illegal immigrants,’ but Bloomberg and NMN suggest the perceived risks are now lower for those opting to do so. ##

HUD, finance, GSE reform and FHA related story on Julian Castro, linked here.

(Photo Credit: Julian Castro, HUD)

 

Troubling Income-gap reports; do they spell growth potential for manufactured housing?

November 16th, 2014 Comments off

income-inequality-graphic-daily-business-news-mhpronews-com-350x258lightblue-The New York Times reports that the super rich are pulling away from the millionaires in America. Federal Reserve and other policies which prop up the stock markets, benefit the top fraction of 1%, which has lead to high demand for luxury goods. Meanwhile the HeraldTribune says the United Way in Florida issued a report that 30% of the population in their state make more than poverty level, but barely enough to pay for the necessities or life, including housing.

“In Manatee County, for example, the United Way report estimates that a family of four with an infant and preschool-age child needs $1,117 a month for child care, $995 a month for housing, $699 a month for transportation, $531 a month for food, $426 a month for health care, $215 a month for taxes and $398 a month for miscellaneous expenses. A family would have to earn $4,382 a month to cover all these costs, an income level that is more than double the official poverty cutoff.”

Recent reports by the Government Accounting Office (GAO) and a prior one from Fannie Mae reflect the fact that monthly payments on manufactured housing are about 1/3 lower than the $995 monthly the United Way budgeted for housing. When pre-owned manufactured homes are considered, the monthly costs in many markets may be even lower.

While President Obama and some Democrats campaigned on income inequality as an issue this year, the Pew Research center quoted Florida Senator Marco Rubio talking about creating “a new opportunity society in America” as a conservative approach to addressing persistent poverty.

Income inequality has grown for many years, under the previous and current administrations. But the irony of doing fundraisers with the wealthy, while doing stump speeches on income inequality which has grown in the last 6 years is not to be missed; nor should the chance to tap the growing need for quality affordable housing the manufactured homes represents. ##

Related Stories – GAO report.

CNBC report with Fannie Mae graphic/monthly costs for housing comparisons

Download Pew Research report.

(Image Credit: MHProNews)

The Hill-Bankers Sigh-but it’s not the “Iced Tea Party”

May 26th, 2014 Comments off

While the Tea Party can trace its origins to anger over the Wall Street bailouts in 2008, the sharp edge for that movement of the Republican Party to the right has been dulled at the polls recently, much to the relief of the banking industry, which sees the shift as a better chance for the establishment Republicans to retake control of the Senate. Representative Mike Simpson (R-ID) was taken to task for supporting the bailouts, but handily bested his conservative opponent, while Senate Minority Leader Mitch McConnell (R-KY) did the same to primary challenger Matt Bevin who highlighted the Wall Street rescue (for which McConnell voted) as a central theme of his platform.

The financial industry was not pleased with the conservative-led shutdown of the government nor the skirmish over the debt limit, preferring to not rock the boat of a shaky economy, but at the same time knows its bread is not best buttered by the Democrats either. While recent elections have seen conservative challengers win primaries over centrist Republicans and then lose to Democrats in the general elections, according to thehill.com, that is less likely to happen with more mainstream candidates on the ballot. Sen. Sherrod Brown (D-OH) is a frequent critic of Wall Street, and while he is not up for re-election until 2018, he is the heir apparent to head the Senate Banking Committee when Sen. Tim Johnson (D-SD) retires, making a Republican-controlled Senate more desirable for the banking industry.

Francis Creighton, head of government affairs for the Financial Services Roundtable, tells MHProNews, “As an industry, we have to look at every member of Congress independently, we can’t just assume that there’s going to be one party for us and one party against us.” While the economy remains in an iffy gear, Wall Street is prepared for more criticism on the presidential campaign trail, hoping a viable Republican contender will step forward and pull the debate to the right.

MHProNews publisher L. A. ‘Tony’ Kovach suggests that any who think the the GOP’s right wing is dead has misread the tea leaves. “It’s not the ‘Ice Tea Party,’” Kovach quipped. “That movement is maturing and is backing more candidates who can win in the general elections. It’s still the hot Tea Party for millions who see endless scandals, a weak economy and foreign policy reversals as goads to do more to fix DC politics, not less.” ##

(Image credit: Tea Party)