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Archive of Articles in the "Taxes" Category

Friday Talking Points [474] -- "Trade Wars Are Good!" (As Hope Leaves The Building)

[ Posted Friday, March 2nd, 2018 – 18:18 UTC ]

Once again, it is the end of another fun week at the White House. Let's see, we had the president's son-in-law stripped of his top secret security clearance (right as two brand new Jared Kushner scandals were revealed, just as icing on the cake). We had a cabinet member in hot water over buying a $31,000 table for his office, assumably so he could be more comfortable while slashing billions of dollars for poor people. The top North Korea expert at the State Department quit, out of frustration with Trump's incoherent policies. Trump met with the N.R.A., but then seemed to agree with everything Democrats proposed during a meeting on gun control -- after which, the N.R.A. met with Trump again in a desperate move to yank him back to their extreme positions. We had Trump smacking his own attorney general around again, and amusingly learned that Trump sometimes calls him "Mr. Magoo" behind his back. Trump so annoyed the president of Mexico in a phone call that he cancelled a planned meeting with Trump in Washington. We had Russia announce a new nuclear arms race, and Trump announce a new trade war -- apparently because he was so annoyed at all the other bad news that he wanted to create some of his own. After the inevitable pushback, he insisted on Twitter that "Trade wars are good, and easy to win!" Well, we're all about to find out, aren't we? And to cap the week off, one of Trump's closest advisors, Hope Hicks, testified before Congress that her job required her to tell "white lies" to the public on a regular basis. The next day, she announced she was leaving the White House.

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CA Democrats Refuse To Endorse Dianne Feinstein

[ Posted Monday, February 26th, 2018 – 17:53 UTC ]

Senator Dianne Feinstein, the senior senator from California, failed to get her own party's endorsement for re-election last weekend. In a stunning vote of no confidence, the California Democratic Party not only refused to endorse Feinstein, but came very close to endorsing her biggest primary opponent instead. A total of 60 percent of the votes was needed for an official party endorsement. Feinstein got only 37 percent, while challenger Kevin De León got 54 percent. That's a pretty sharp rebuke from the state party, obviously.

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Friday Talking Points [473] -- Mueller's Busy Week

[ Posted Friday, February 23rd, 2018 – 18:28 UTC ]

Bob Mueller has had a busy and productive week. His investigation is intensifying quickly, as it gains speed and moves closer and closer to the inner Trump circle. Just a week ago, Mueller's team dropped an indictment on 13 Russians for meddling in the 2016 election. By Tuesday, a previously-unmentioned lawyer reached a plea deal with Mueller. Yesterday, Mueller filed an indictment with 32 counts against Paul Manafort and Rick Gates. Today, Gates officially flipped, and pled guilty to two counts against him, conspiracy and lying to federal agents. Not just another #MuellerFriday, in other words, but a full-on #MuellerWeek. No word from President Trump's Twitter account yet (as of this writing), but if last weekend was any preview, it sure ought to be fun to see him flail around for the next few days as the noose gets tighter and tighter around his innermost circle.

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Friday Talking Points [472] -- Infrastructure Week!

[ Posted Friday, February 16th, 2018 – 18:04 UTC ]

Before we get to all the rest of the news, here's an interesting anniversary: it has been exactly one year since Trump's last solo press conference. In all the time he's been president, he has held a grand total of precisely one press conference, a month after he was sworn in. So what is he afraid of?

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Trump Budget Has No Fairy-Tale Ending

[ Posted Monday, February 12th, 2018 – 18:16 UTC ]

The Trump administration released its budget proposal today, and it is nothing more than a bad joke. Or a badly-written fairy tale, perhaps. Like most presidential budget requests, it is going to wind up bearing little resemblance to reality -- that's almost a given -- but even at its most fantastical, they couldn't make the numbers magically add up. Rapunzel lets her hair down, but it turns out to be fifteen feet short of the ground. Sad!

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Friday Talking Points [471] -- Trump's Kim Jong Un Envy

[ Posted Friday, February 9th, 2018 – 18:25 UTC ]

There's an old joke in Washington that the press knows how to ask politicians questions that can't be answered in any acceptable way. The classic example, of course, is: "So, Senator, have you stopped beating your wife?" This week, however, the Trump White House has been getting a variant: "So, how long was a wife-beater who couldn't get a security clearance allowed to work for the president, and why?"

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Deficit (Chicken) Hawks

[ Posted Thursday, February 8th, 2018 – 18:00 UTC ]

The deficit hawks have all flown south, it seems. This is a cyclical migration, because it happens whenever a Republican occupies the White House. When a Democrat moves in, the deficit hawks all return from sunnier climes and begin beating their chests and rending their garments once again. For Washington, this is considered normal.

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Who Will Trump Try To Blame For Trump Slump?

[ Posted Monday, February 5th, 2018 – 18:13 UTC ]

Will the "Trump Bump" turn into the "Trump Slump," or will the president somehow manage to successfully shift the political blame? That is the question on everyone's mind in Washington today, as the Dow Jones average slipped close to 1,200 points, after falling over 600 points last Friday. Trump has been overly eager to claim all the credit for a soaring stock market, so now that a bear seems to have taken hold of Wall Street, will he shoulder an equal share of the blame as the credit he's been claiming all along? That seems doubtful, knowing his aversion to accepting blame for pretty much anything under the sun.

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Snap Reactions To The State Of The Union

[ Posted Tuesday, January 30th, 2018 – 23:55 UTC ]

As usual, I hereby offer up my initial snap reactions after watching both President Trump's first official State Of The Union speech (last year's was just "an address to the Congress"), and the Democratic response. I like to do this before I dive in to what others may have opined about the speech, so as not to be influenced by any Washington media groupthink. Tomorrow morning, I'll be able to see who agreed with me and who didn't, of course.

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Trump To Try Bipartisanship?

[ Posted Monday, January 29th, 2018 – 18:11 UTC ]

Tomorrow night, President Donald Trump will give his first official State Of The Union speech. The White House is leaking that his speech will be the first where he reaches out in an attempt to unify the country and offer bipartisan leadership to Congress. That is a pretty tall order for this particular president, for obvious reasons. But even if he manages to deliver an impressive speech, it's not likely to change anything afterwards. At least not in the way of actual bipartisan legislation, since Democrats are not likely to strike such deals right before a midterm election that could put them in a much better bargaining position afterwards.

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