The Donald Unveils His U.S.-China Trade Plan

Reforming The U.S.-China Trade Relationship To Make America Great Again – Donald J. Trump


How We Got Here: Washington Politicians Let China Off The Hook

In January 2000, President Bill Clinton boldly promised China’s inclusion in the World Trade Organization (WTO) “is a good deal for America. Our products will gain better access to China’s market, and every sector from agriculture, to telecommunications, to automobiles. But China gains no new market access to the United States.” None of what President Clinton promised came true. Since China joined the WTO, Americans have witnessed the closure of more than 50,000 factories and the loss of tens of millions of jobs. It was not a good deal for America then and it’s a bad deal now. It is a typical example of how politicians in Washington have failed our country.

The most important component of our China policy is leadership and strength at the negotiating table. We have been too afraid to protect and advance American interests and to challenge China to live up to its obligations. We need smart negotiators who will serve the interests of American workers – not Wall Street insiders that want to move U.S. manufacturing and investment offshore.

The Goal Of The Trump Plan: Fighting For American Businesses And Workers

America has always been a trading nation. Under the Trump administration trade will flourish. However, for free trade to bring prosperity to America, it must also be fair trade. Our goal is not protectionism but accountability. America fully opened its markets to China but China has not reciprocated. Its Great Wall of Protectionism uses unlawful tariff and non-tariff barriers to keep American companies out of China and to tilt the playing field in their favor.

If you give American workers a level playing field, they will win. At its heart, this plan is a negotiating strategy to bring fairness to our trade with China. The results will be huge for American businesses and workers. Jobs and factories will stop moving offshore and instead stay here at home. The economy will boom. The steps outlined in this plan will make that a reality.

When Donald J. Trump is president, China will be on notice that America is back in the global leadership business and that their days of currency manipulation and cheating are over. We will cut a better deal with China that helps American businesses and workers compete.

The Trump Plan Will Achieve The Following Goals:

1.) Bring China to the bargaining table by immediately declaring it a currency manipulator.

2.) Protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S. companies to share proprietary technology with Chinese competitors as a condition of entry to China’s market.

3.) Reclaim millions of American jobs and reviving American manufacturing by putting an end to China’s illegal export subsidies and lax labor and environmental standards. No more sweatshops or pollution havens stealing jobs from American workers.

4.) Strengthen our negotiating position by lowering our corporate tax rate to keep American companies and jobs here at home, attacking our debt and deficit so China cannot use financial blackmail against us, and bolstering the U.S. military presence in the East and South China Seas to discourage Chinese adventurism.

Details of Donald J. Trump’s US China Trade Plan:

Declare China A Currency Manipulator

We need a president who will not succumb to the financial blackmail of a Communist dictatorship. President Obama’s Treasury Department has repeatedly refused to brand China a currency manipulator – a move that would force China to stop these unfair practices or face tough countervailing duties that level the playing field.

Economists estimate the Chinese yuan is undervalued by anywhere from 15% to 40%. This grossly undervalued yuan gives Chinese exporters a huge advantage while imposing the equivalent of a heavy tariff on U.S. exports to China. Such currency manipulation, in concert with China’s other unfair practices, has resulted in chronic U.S. trade deficits, a severe weakening of the U.S. manufacturing base and the loss of tens of millions of American jobs.

In a system of truly free trade and floating exchange rates like a Trump administration would support, America’s massive trade deficit with China would not persist. On day one of the Trump administration the U.S. Treasury Department will designate China as a currency manipulator. This will begin a process that imposes appropriate countervailing duties on artificially cheap Chinese products, defends U.S. manufacturers and workers, and revitalizes job growth in America. We must stand up to China’s blackmail and reject corporate America’s manipulation of our politicians. The U.S. Treasury’s designation of China as a currency manipulator will force China to the negotiating table and open the door to a fair – and far better – trading relationship.

End China’s Intellectual Property Violations

China’s ongoing theft of intellectual property may be the greatest transfer of wealth in history. This theft costs the U.S. over $300 billion and millions of jobs each year. China’s government ignores this rampant cybercrime and, in other cases, actively encourages or even sponsors it – without any real consequences. China’s cyber lawlessness threatens our prosperity, privacy and national security. We will enforce stronger protections against Chinese hackers and counterfeit goods and our responses to Chinese theft will be swift, robust, and unequivocal.

The Chinese government also forces American companies like Boeing, GE, and Intel to transfer proprietary technologies to Chinese competitors as a condition of entry into the Chinese market. Such de facto intellectual property theft represents a brazen violation of WTO and international rules. China’s forced technology transfer policy is absolutely ridiculous. Going forward, we will adopt a zero tolerance policy on intellectual property theft and forced technology transfer. If China wants to trade with America, they must agree to stop stealing and to play by the rules.

Eliminate China’s Illegal Export Subsidies And Other Unfair Advantages

Chinese manufacturers and other exporters receive numerous illegal export subsidies from the Chinese government. These include – in direct contradiction to WTO rules – free or nearly free rent, utilities, raw materials, and many other services. China’s state-run banks routinely extend loans these enterprises at below market rates or without the expectation they will be repaid. China even offers them illegal tax breaks or rebates as well as cash bonuses to stimulate exports.

China’s illegal export subsidies intentionally distorts international trade and damages other countries’ exports by giving Chinese companies an unfair advantage. From textile and steel mills in the Carolinas to the Gulf Coast’s shrimp and fish industries to the Midwest manufacturing belt and California’s agribusiness, China’s disregard for WTO rules hurt every corner of America.

The U.S. Trade Representative recently filed yet another complaint with the WTO accusing China of cheating on our trade agreements by subsidizing its exports. The Trump administration will not wait for an international body to tell us what we already know. To gain negotiating leverage, we will pursue the WTO case and aggressively highlight and expose these subsidies.

China’s woeful lack of reasonable environmental and labor standards represent yet another form of unacceptable export subsidy. How can American manufacturers, who must meet very high standards, possibly compete with Chinese companies that care nothing about their workers or the environment? We will challenge China to join the 21 st Century when it comes to such standards.

The Trump Plan Will Strengthen Our Negotiating Position

As the world’s most important economy and consumer of goods, America must always negotiate trade agreements from strength. Branding China as a currency manipulator and exposing their unfair trade practices is not enough. In order to further strengthen our negotiating leverage, the Trump plan will:

1.) Lower the corporate tax rate to 15% to unleash American ingenuity here at home and make us more globally competitive. This tax cut puts our rate 10 percentage points below China and 20 points below our current burdensome rate that pushes companies and jobs offshore.

2.) Attack our debt and deficit by vigorously eliminating waste, fraud and abuse in the Federal government, ending redundant government programs, and growing the economy to increase tax revenues. Closing the deficit and reducing our debt will mean China cannot blackmail us with our own Treasury bonds.

3.) Strengthen the U.S. military and deploying it appropriately in the East and South China Seas. These actions will discourage Chinese adventurism that imperils American interests in Asia and shows our strength as we begin renegotiating our trading relationship with China. A strong military presence will be a clear signal to China and other nations in Asia and around the world that America is back in the global leadership business.



Conservative Maine Government Doubles Down On Successful Welfare Reform Policies Despite Leftist Whining

Maine Doubles Down On Welfare Reform Despite Media Backlash – Daily Signal


Mary Mayhew, commissioner of Maine’s Department of Health and Human Services, knows her politics aren’t always popular.

“I can’t stress enough what an attack campaign it has been from the media for four and a half years,” Mayhew said Thursday at an anti-poverty forum in Washington, D.C., hosted by The Heritage Foundation.

Then there are the more personalized critiques: “There is a poet, or he calls himself a poet, and he sends me poems all the time,” she added. “They are not nice poems.”

Mayhew claims that detractors – who mostly take issue with welfare reforms enacted by Gov. Paul LePage, a Republican, since his election in 2011 – have gone so far as to call her “Commissioner Evil,” and her and LePage’s policies a “War on the Poor.”

The irony, according to Mayhew, lies in the fact that her and LePage’s efforts actually aim to empower Maine’s poorest citizens. She says a third of the state is on welfare.

“The welfare hurricane doesn’t just destroy one family; it destroys generations of them,” Tarren Bragdon, president and CEO of the Foundation for Government Accountability, said at the event Thursday. “This work is about giving children a better chance for a future.”

To illustrate that point, Mayhew told a story of one of her first days on the job as DHHS commissioner, spent touring a substance abuse treatment facility for adolescents:

I was taken aback by one of the youth who came up to me – it was actually several youth, who were just completely focused on whether I could help them get disability. These were 15-year-old, 16-year-old young men clearly battling addiction, but they had decided that the answer for them was to pursue disability. And, frankly, as we all look at that pathway, that truly is committing individuals to a lifetime of poverty.

Since LePage assumed the governorship, Maine has reduced enrollment in the state’s food stamp program by over 58,000; currently, according to Mayhew, there are 197,000 people on food stamps, down from a high of 255,663 in February 2012.

Mayhew says the decline is due to eliminating the waiver of the work requirement previously attached to food stamps, as also witnessed in Kansas. Under the new legislation, recipients would need to work 20 hours per week, volunteer for about an hour a day, or attend a class to receive food stamps past three months.

LePage and Mayhew have also rolled back Medicaid eligibility through a series of battles Mayhew called “fierce.”

With a population of roughly 1.3 million, Maine had 357,000 individuals receiving Medicaid benefits when LePage took office. Today, 287,000 people are on Medicaid, according to Mayhew.

“What we have done truly has taken the arguments to the public to underscore what has been lost as that program grew out of control, never mind that the resources that had to be devoted to Medicaid were being taken away from education, infrastructure, and reduced tax burden on the state of Maine,” Mayhew said.

In August, Maine DHHS announced they planned to redirect $3.24 million in welfare savings to fund home care services for elderly citizens as well as the Meals on Wheels program.

Lastly, Mayhew touched upon Maine’s efforts to retool the Temporary Assistance for Needy Families (TANF) and Electronic Benefit Transfer (EBT) card programs, stating that Maine had over 15,000 open TANF cases when LePage took office. That number is down to less than 5,000.

LePage’s and Mayhew’s policies, as Mayhew herself highlighted, have not been without controversy.

Earlier this week, amid an ongoing dispute over EBT cards being used to wire money abroad, critics accused the LePage administration of using last Friday’s terror attacks in Paris to justify reforms.

“This proposal is really an example of fear-mongering at its worst,” Robyn Merrill, executive director of Maine Equal Justice Partners, told MPBN News.

But Mayhew does not plan to back down – especially if it means reducing her own influence long-term, and shifting that responsibility to local non-profits.

“I can’t underscore enough that part of the issue is government is too big, my agency is too large, and people are trying to preserve their jobs,” she said.

“We have got to reduce the size and scope of these agencies if we are going to have communities really take on the responsibility of supporting these families and these individuals on those pathways [to independence].”



*VIDEO* Fox Business GOP Presidential Primary Debate (11/10/15)



*LIVE STREAMING* Fox Business Republican Presidential Primary Debate (11/10/15 – 9pm ET)

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Participants: Ted Cruz, Ben Carson, Marco Rubio, Rand Paul, Donald Trump, John Kasich, Jeb Bush and Carly Fiorina

NOTE: Kiddie table debate begins at 7pm and includes the following candidates: Chris Christie, Mike Huckabee, Rick Santorum and Bobby Jindal



11 Of 23 Obamacare Co-Ops Have Collapsed, Leaving Half A Million More Americans Without Health Insurance

Obamacare Doomsday? ‘Collapses’ Drop Half-Million Americans – WorldNetDaily


About half of Obamacare’s Consumer Operated and Oriented Plans, or co-ops, have imploded, leaving nearly half-a-million Americans looking for new health coverage.

And instead of addressing the problem, the Obama administration is pretending it doesn’t exist.

That’s the assessment of Rep. Adrian Smith, R-Neb., a member of the House Ways and Means Committee who recently wrote about the spate of failures in the Wall Street Journal.

“When it passed Congress in 2010, the Affordable Care Act offered substantial financial support to create nonprofit health-insurance plans. Today 11 of the 23 such regional Consumer Operated and Oriented Plans have failed – seven since the beginning of October,” Smith wrote.

“They’ve collapsed despite federal startup loans totaling more than $1.1 billion. These loans will likely never be fully repaid, while insurers and consumers will be on the hook for any unpaid claims left behind by failed insurers,” he added.

The congressman estimates 400,00-500,000 Americans lost their coverage in those 11 failed co-ops.

In an interview with Radio America, Smith says the co-ops were doomed from the start.

“I think they were improperly structured. They were allowed to charge too low a premium, not reflecting the actual costs. They thought the original subsidies – or loans if you will, but let’s face it, they’re subsidies, especially since they’re so unlikely to be repaid. That wasn’t enough,” said Smith, who is fuming more as he learns how these collapses transpired.

“The more I am learning about this entire situation, the more offensive it is, and this is just one part of Obamacare,” Smith said.

The congressman said what galls him most is that the government forced many people out of coverage they liked and then left those same people out in the cold.

“The thing that bothers me the most is when a good, upstanding citizen is doing everything they’re supposed to do to be a responsible individual,” Smith said. “Yet they are faced with canceled coverage, or they’re faced with a penalty for taking care of themselves.”

Adding to Smith’s frustrations is what he believes is utter indifference to the problem from the Obama administration.

“We had a hearing earlier this week, and the chief of staff from [the Centers of Medicare and Medicaid Services] was our witness,” Smith said. “[Dr. Mandy Cohen] sent the message that everything is just fine in the Obamacare co-op arena.”

He said it’s quite obvious that co-ops are not “just fine.”

“It’s not a win,” Smith said. “Nearly half of the co-ops have collapsed and that’s from New York to Nevada. Ours, with Nebraska and Iowa together, we were the first to collapse a year ago. Now we see them collapsing at a much quicker pace.”

How can the Department of Health and Human Services, or HHS, say all is well when almost half the co-ops have failed?

“In a very dismissive manner, I have to say, and it’s disappointing,” Smith said. “I started asking questions almost a year ago and HHS is not offering any answers.”

Not only is the government doing little to help, in some circumstances it is actually pushing co-ops to their deaths.

“The administrators of the Nebraska-Iowa plan saw a larger number of people sign up for their plan than they originally anticipated,” Smith said. “So they requested permission from HHS to suspend enrollment, to basically cap that at a number they figured was more manageable. They were prohibited by HHS from capping the number of enrollees.”

The congressman said that hastened the demise of the Nebraska-Iowa co-op. He said HHS did give permission for the Tennessee co-op to cap enrollment, but it collapsed anyway.

In the meantime, Smith is sponsoring legislation that would protect those who lost coverage with the failure of the co-ops from being fined by the IRS for not having coverage as mandated by federal law.

He believes all of Obamacare will eventually crater, but he hopes too many people aren’t hurt in the process.

“Ultimately, I think it collapses under its own weight,” he said. “I just want to do everything I can to minimize the damage in the ensuing time. That’s what weighs heavy on my mind is that the heavy hand of the federal government is actually hurting the very people Barack Obama was saying he was wanting to help.”



Newly Elected Tea Party Governor Of Kentucky Tells Obama’s EPA To “Pound Sand”

Tea Party Kentucky-Elect Matt Bevin Tells Obama EPA To ‘Pound Sand’ – Politistick


It was supposed to be a “neck-and-neck” race between Tea Party-backed candidate and political newcomer Matt Bevin and Democrat Jack Conway in the Kentucky gubernatorial race on November 3.

But Bevin crushed Conway by a whopping 9%, 52.5% to 43.8%. It was a bloodbath, with Bevin winning all but just a few counties.

If that wasn’t enough to twerk leftist Democrats and their establishment Republican brethren, the state elected another Tea Party champion, Jenean Hampton, the first black woman ever elected to statewide office in Kentucky.

But it’s not just Democrats and RINO Republicans who are threatened by these new anti-establishment, pro-liberty, pro-Constitution Kentucky leaders.

The unelected and unaccountable bureaucrats from Washington, D.C., who unconstitutionally pass rules, laws and regulations without any vote from Congress, were given a powerful two-word message from Governor-elect Matt Bevin.

The Tea Party favorite Bevin, fresh off his huge victory, appeared on The Glenn Beck Radio Program on Friday and said that in regards to the Obama EPA’s tyrannical and un-American efforts to shut down a great American industry – the coal industry – he will tell the controlist agency to “pound sand.”

“Why it is that we in Kentucky – that sit on two extraordinary basins, the Illinois basin and the Central basin, an abundance of this – how are we not participating in something that the world wants more of than they ever have?

And so, from my way of thinking, we will tell the EPA and other unelected officials who have no legal authority over us as a state, to pound sand.”

Bevin told Beck that the Constitution grants the EPA “no authority” over the state, because of the Tenth Amendment, and that the only thing the EPA can do is take the state to court because they have “no enforcement arm.”

Matt Bevin told Glenn Beck that he is fed up with the federal government “bribing us with our own money” and plans on putting a stop to it.



National Debt Jumps $339B On Day Debt Ceiling Is Lifted

Debt Ceiling Lifted, And The Same Day, Debt Jumps $339B – Washington Examiner


The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling.

That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place.

The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday.

The increase reflects an increasingly common pattern that can be seen in the total U.S. debt level when the debt ceiling is reached.

At the end of 2012, for example, the government hit the debt ceiling, and the Treasury Department was forced to use “extraordinary measures” to keep the government afloat until the ceiling could be increased again. Those measures included decisions to delay issuances of certain debt instruments.

When the ceiling was finally lifted a little more than a month later, the debt jumped $40 billion in a day as the pressure to stay under the ceiling eased, and after nine days, the U.S. was $100 billion deeper in debt.

In February 2013, the debt ceiling was suspended until mid-May. Extraordinary measures were again used through mid October, and the official debt burden hovered in place for more than six months. When the debt ceiling was suspended again in October, the debt exploded by $300 billion the next day.

This time around, the national debt has been frozen at its ceiling of about $18.1 trillion since late January, longer than nine months. The Bipartisan Policy Center estimated that the government had somewhere around $370 billion worth of extraordinary measures to use this time around.



*VIDEO* Ben Carson: Colorado Christian University



Yes, America Needs To Be More Like Denmark (Tyler O’Neil)

Yes, America Needs To Be More Like Denmark – Tyler O’Neil


Democratic presidential candidate Bernie Sanders has a good point – America needs to be more like Denmark and the other Scandinavian countries. But he’s wrong about the reason why. He thinks socialism is the cause of their success, but the true cause is their older free-market culture and their recent efforts to return toward market and economic freedom.

Since the 1990s, Denmark, Sweden, Finland and Norway have expanded private property rights, business freedom, investment freedom and financial freedom. Each of these countries has increased its score on the Heritage Foundation/Wall Street Journal Index of Economic Freedom, and Denmark now outranks even the United States as a good place to do business.

Sanders sees the size of the Scandinavian welfare states and the relative health and happiness they enjoy, and thinks this correlation proves causation. A deeper look at the history and current affairs of Denmark and the surrounding countries tells a different story, however. These countries’ benefits arguably spring from their free-market pasts, not their brief dalliance with big government.

A Free Market Culture Under Attack

Scandinavian countries are well known for their unusually high levels of trust, a strong work ethic and an emphasis on individual responsibility. These traits are not the result of socialistic welfare states, but the explanation for why such bloated government programs could be implemented in the first place.

“In the early days, the unique culture of success in the Nordic countries meant that high taxes and welfare benefits could be introduced” with the negative side effects delayed, wrote Nima Sanandaji in her 2015 book Scandinavian Unexceptionalism: Culture, Markets and the Failure of Third-Way Socialism. During the early 1900s and following the Great Depression, Scandinavia’s small government and free markets fostered a culture of hard work that paid huge dividends in terms of prosperity.

The success of these countries enabled the government to expand, as the wealth of average citizens allowed them to pay more taxes. More importantly, the culture of hard work meant few people tried to live off of welfare and “game the system.” After big governments were introduced however, the culture changed – for the worse.

The Scandinavians who left for the United States mark this change well – Sanandaji notes that Americans with Nordic ancestry are thriving better than their relatives back in Denmark, Norway and Sweden. Contrary to Bernie Sanders’ belief, the 1960s-1990s expansion of welfare states actually held the Nordic countries back.

After their experiment with socialistic welfare states, “Nordic citizens now have unusually high levels of sickness absence (despite being healthy societies), high youth unemployment and a poor record for integrating migrants into the labour force,” Sanandaji explains. Big government has weakened the strong culture which enabled welfare states in the first place, and these countries know it.

In 2013, a Danish woman on welfare made the news. A liberal member of Parliament challenged the free-market politician Joachim B. Olsen to actually visit a single mother of two on welfare, and see how hard her life is.

Olsen took the advice, and learned that being on welfare isn’t so hard after all. The 36-year-old single mother, known as “Carina,” was making more money than many of the country’s full time workers, the New York Times reported. “All told, she was getting about $2,700 a month, and she had been on welfare since she was 16.”

Reforming the System

“With little fuss or political protest – or notice abroad – Denmark has been at work overhauling entitlements, trying to prod Danes into working more or longer or both,” New York Times reporter Suzanne Daley continued.

“The welfare state here has spiraled out of control,” declared Olsen, the reform-minded politician who visited Carina. “It has done a lot of good, but we have been unwilling to talk about the negative side,” he added, saying that discussing the “Carinas” in public has long been considered “taboo.”

Denmark has been hard at work at reform, however. In 2013, it reduced early-retirement plans, and cut the term for unemployment benefits from four years to two. Reformers like Olsen have also pushed for limiting disability checks to those over 40 or with a severe mental or physical condition. In 2013, roughly 240,000 people – nine percent of the potential work force – were receiving disability checks, and about 33,500 of them were under 40.

In recent years, all the Nordic countries have decreased their corporate tax rates – each one is lower than in the United States. They also support free trade, unlike American Socialists like Bernie Sanders, who opposed the 1990s North American Free Trade Agreement.

Becoming More Like Denmark

Norway, Sweden, Finland and Denmark are tiny – and not very diverse – compared to the United States. Denmark is a nation roughly the size of Maryland with the population of Atlanta, and nearly 90 percent of its population is of Danish descent.

Nevertheless, there are clear lessons a huge, diverse country can learn from the recent experiences of these small, homogeneous nations. The biggest lesson might surprise Bernie Sanders – socialism doesn’t work.

A cradle-to-grave welfare state has transformed the strong work ethic of the Scandinavian countries into a sad complacency. People like Carina game the system, and feel no shame in doing so. Indeed, “Lazy Robert” Nielsen, 45, did not even ask for a pseudonym when he told the media that he has been on welfare since 2001. “Luckily, I am born and live in Denmark, where the government is willing to support my life.”

Lene Malmberg, who works part time as a secretary despite a serious brain injury which affects her short-term memory, told the New York Times about her sister, who was receiving benefits and getting more money than Lene was – when she worked full time before the accident. “The system is wrong somehow, I agree,” Lene said. “I wanted to work. But she was a little bit: ‘Why work?’”

People in the Nordic countries are suffering from the ill effects of the very socialism which Bernie Sanders wants to bring to America. They know it doesn’t work, and they are working hard to achieve robust, free-market reforms.

America cannot ever be Denmark, but we should strive to copy their recent reforms. They have woken up to the woes of dependency and big government. They have cut their corporate tax rates and have made their country a better place to do business. We should follow their example and do the same.

So Bernie Sanders is right, let’s copy Denmark.



Boehner Gives Constituents One Last Kick In The Teeth On His Way Out The Door

Boehner Makes Horrendous Last Minute Debt Deal With Obama – Conservative Intelligence Briefing


Looks like House Speaker John Boehner is going out with a raise – to the nation’s debt ceiling.

President Obama has struck a deal with Congressional leaders that will again increase America’s debt borrowing limit with no end to the spending in sight…

Boehner, working directly with Obama and his staffers, was vital to the agreement though other Congressional leaders were also involved.

The deal may be voted on Wednesday, which happens to be the same day Paul Ryan may be nominated by the House GOP conference to replace Boehner as Speaker.

According to CNN:

“Bipartisan congressional leaders and the White House struck a major fiscal deal in principle Monday that would raise the debt ceiling and lift budget caps on both defense and domestic programs, according to congressional sources familiar with the deal.

The final details are being ironed out and a bill could be introduced later Monday as negotiators draft the language to prepare for it for vote.

This deal would avoid a potential debt default on November 3, and it would reduce the chances of a government shutdown on December 11.”

Boehner and his office were vital in creating the framework for the debt ceiling increase.

“Boehner’s office negotiated many of the details directly with the White House, but House Minority Leader Nancy Pelosi, Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid were also part of the discussions as the framework was developed, according to a source familiar with the talks.”

The article notes House Conservatives vehemently oppose the debt increase deal.

“Conservatives sharply panned the deal.

“It’s emblematic of five years of failed leadership,” said Rep. Justin Amash, R-Michigan.”



Leftist-Run Seattle’s Minimum Wage Hike Has Killed 700 Jobs So Far

Seattle Wage Hike Off To ‘Pretty Bad Start,’ Kills 700 Jobs – Daily Caller


Seattle, which recently passed a $15 minimum wage, has seen the loss of 700 restaurant jobs despite the rest of the state seeing huge increases, according to a Wednesday report.

In its report, the American Enterprise Institute looked at restaurant job growth in both Seattle and the rest of Washington. The state itself has gained 5,800 industry jobs since January. Seattle, however, lost 700 jobs in the same time. The state minimum wage is $9.47. Back in June Seattle passed its own minimum wage of $15 an hour. The city ordinance is designed to phase in over the course of several years. It will reach $15 an hour by 2017 for most employers.

“One likely cause of the stagnation and decline of Seattle area restaurant jobs this year is the increase in the city’s minimum wage,” the report speculated. “It looks like the Seattle minimum wage hike is getting off to a pretty bad start. Especially considering that restaurant employment in the rest of the state is booming, and nearly 6,000 more restaurant workers are employed today than in January.”

Seattle was the first place to pass a $15 minimum wage measure and became the first major victory for supporters. San Francisco and Los Angeles followed not long after and now many cities have either enacted it or are considering it. Some states are also giving the $15 minimum wage serious consideration. Currently it has not passed on the state level.

New York Democratic Gov. Andrew Cuomo first announced Sept. 10 his plan for raising the state minimum wage. If enacted, the increase will gradually put New York City to the $15 mark by 2018 and the rest of the state by 2021. Florida and Massachusetts have also began taking steps to pass it.

The impact minimum wage increases have on workers and employers is in dispute. Critics often argue increasing the minimum wage, especially as high as $15 an hour, will hurt the poor by limiting job opportunities. The problem is businesses need to offset the extra cost of labor by either raising prices or cutting workers. It is particularly troublesome for low-profit industries like restaurants who struggle much more to absorb the extra costs.

Supporters, though, say wage will help the poor by allowing them to afford basic necessities. The increased purchases would than stimulate economic activity. Fight for $15 has been the main advocate behind the push. The union-backed group has utilized rallies and media marketing campaigns in its efforts.



*VIDEO* Ted Cruz: Iowa Town Hall



Maine Sees 22% Decrease In Food Stamp Recipients Thanks To Republican Work Requirement

What’s Behind Maine’s 22% Decrease In Food Stamp Recipients Since 2012 – Daily Signal


The Maine Department of Health and Human Services has announced that the state has fewer than 200,000 recipients enrolled in its Supplemental Nutrition Assistance Program for the first time since February 2009.

Enrollment in the state’s food stamp program has decreased to 199,157, a 22-percent decline from a high of 255,663 recipients in February, 2012.

“This is an important milestone for Maine’s economy and safety net,” DHHS Commissioner Mary Mayhew said in a statement. “People on food stamps are living in poverty, and more food stamps does not equal less poverty. This administration is focused on incentivizing employment rather than trapping people in generational poverty and welfare dependency.”

“We need a workforce that is ready and willing to work if we are to attract and retain employers in this state,” Mayhew added. “Today, there are employers around the state who cannot find applicants for their jobs. Doling out assistance with no focus on employment is destructive to individual productivity and detrimental to our efforts to improve Maine’s economy and future. Today, Mainers who support commonsense welfare reform can rest assured that Governor LePage’s efforts are paying off.”

LePage’s administration re-implemented a work requirement for able-bodied adults without dependents enrolled in the program.

According to Maine’s DHHS, “[t]he rule required simply that those adults work for 20 hours per week, volunteer for about one hour per day, or attend a class in order to maintain food stamps beyond three months.”

Rachel Sheffield, a policy analyst at The Heritage Foundation, said, “Work requirements serve to ensure that assistance is going to those most in need.”

“They act as a gatekeeper,” Sheffield said. “Welfare is available to those who truly need it, but people are directed first towards work. Able-bodied adults should be required to work, prepare for work, or look for work in exchange for receiving assistance. Maine is a strong example of promoting work and reciprocal obligation.”

Some were critical of the news.

Chris Hastedt, a policy director with Maine Equal Justice Partners, told Maine’s WCSH, “I hear language that says this is a good thing because it is forcing people to work.”

“People don’t need to be forced to work. People need to be helped to find a job,” Hastedt said.



Obamanomics Update: Feds Take In Record $3,248,723,000,000 In Tax Revenues; Still Run $438,899,000,000 Deficit

$3,248,723,000,000: Federal Taxes Set Record In FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit – CNS

The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today.

That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.

It is also up about $212,927,100,000 in constant 2015 dollars from the $3,035,795,900,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014.


Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in fiscal 2015, the federal government was spending $3,687,622,000,000. So, the federal government ran a deficit of $438,899,000,000 for the fiscal year.

According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in September (including both full and part-time workers) was 148,800,000. That means that the federal tax haul for fiscal 2015 equaled about $21,832.82 for every person in the United States with a job.

In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.

An additional 3.8 percent tax on dividends, interest, capital gains and royalties – that was embedded in the Obamacare law – also took effect in 2013.

The largest share of fiscal 2015’s record-setting tax haul came from the individual income tax. That yielded the Treasury $1,540,802,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $1,065,277,000,000. The corporate income tax brought in $343,797,000,000.



Whole Foods To Fire 1,500 Employees

Whole Foods To Eliminate 1,500 Jobs – Bloomberg


Whole Foods Market Inc. plans to eliminate 1,500 jobs to reduce costs and fight back against rivals that are undercutting its prices.

The positions, representing about 1.6 percent of the company’s workforce, will be eliminated over the next eight weeks, with many coming through attrition, the Austin, Texas-based grocery-store chain said Monday in a statement.

Whole Foods is working to keep expenses low so it can offer its organic and natural products at lower prices and beat back an onslaught from mainstream grocers that now carry similar offerings. The company in July reported third-quarter profit and sales that trailed analysts’ estimates as the new competition restrained growth.

Whole Foods fell 1.1 percent to $30.75 at the close in New York. The shares have slid 39 percent this year, while the Standard & Poor’s 500 Index has lost 8.6 percent.

Co-Chief Executive Officer Walter Robb called the job cuts a “very difficult decision,” and the company said it is paying the workers in full during the next eight weeks.

Whole Foods, which has about 420 locations, has seen its growth slow as traditional supermarkets carry more natural and organic fare. Wal-Mart Stores Inc. sells Wild Oats organic foods, while Kroger Co.’s Simple Truth line has reached $1 billion in annual sales.

The company is responding by opening a less-expensive, tech-focused grocery chain called 365 by Whole Foods Market. The first location is set to open next year in Los Angeles.



The Donald Reveals His Tax Plan (Video)

Trump Plan Cuts Taxes For Millions – Wall Street Journal


Republican presidential candidate Donald Trump unveiled an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings.

Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6% rate.

Many middle-income households would have a lower tax rate under Mr. Trump’s proposal, but because high-income households generally pay income tax at much higher rates, his proposed across-the-board rate cut could have a positive impact on them, too. For example, an analysis of Jeb Bush’s plan – taxing individuals’ incomes at no more than 28% – by the business-backed Tax Foundation found that the biggest percentage winners in after-tax income would be the top 1% of earners.

Mr. Trump’s plan appears designed to help him, as the GOP front-runner, cement his standing as a populist – though that message is complicated by the fact that the billionaire, like other Republican leaders, would eliminate the estate tax.

“My plan will bring sanity, common sense and simplification to our country’s catastrophic tax code,” Mr. Trump said in an interview. “It will create jobs and incentives of all kinds while simultaneously growing the economy.”

But Mr. Trump will face a challenge in convincing skeptics that his aggressive tax cuts can be implemented without adding to the federal deficit.

To pay for the proposed tax benefits, the Trump plan would eliminate or reduce deductions and loopholes to high-income taxpayers, and would curb some deductions and other breaks for middle-class taxpayers by capping the level of individual deductions, a politically dicey proposition. Mr. Trump also would end the “carried interest” tax break, which allows many investment-fund managers to pay lower taxes on much of their compensation.

A significant revenue gain would come from a one-time tax on overseas profits that could encourage U.S. multinational corporations to return an estimated $2.1 trillion in cash now sitting offshore, largely to avoid U.S. taxes. His proposal would impose a mandatory 10% tax on all of that money, even if the money stays overseas, but allow a few years for the tax to be paid. The Trump campaign estimates that many companies would choose to bring their money back home, boosting jobs and investment in the U.S.

Mr. Trump also would impose an immediate tax on overseas earnings of American corporations; currently, such tax payments can be deferred. All told, the campaign says the plan would be revenue neutral – neither raising nor lowering federal revenues – by the third year and then begin adding revenue.

With the tax plan’s release, Mr. Trump is moving to quell criticism that his campaign has been more style and less substance. This tax proposal follows his well-known immigration plan in the summer and one on gun rights last week.

Mr. Trump saves some money and fiscal headaches by skipping some of the big but complicated and costly changes that other candidates have embraced, such as business-expensing breaks and so-called territorial taxation for multinational corporations.

On the individual side, Mr. Trump would consolidate the current seven rates to four, of 0%, 10%, 20% and 25%. Those changes alone would exempt all married couples making $50,000 or less from the income tax, as well as singles making $25,000 or less.

The 10% bracket would apply to incomes from $50,000 to $100,000 for a married couple; the current 10% bracket has a ceiling of $18,450. The new 25% top bracket would apply to married couples’ incomes in excess of $300,000, which currently are subject to rates as high as 39.6%. Mr. Trump also would cut the top capital gains rate to 20%, from the current 23.8%. And he would eliminate the alternative minimum tax.

But the candidate doesn’t propose to end taxation of individuals’ investment income, as some other Republicans propose, nor would he expand the standard deduction, child-credit and other middle-class breaks as some other GOP candidates have suggested.

For businesses, Mr. Trump’s 15% rate is among the lowest that have been proposed so far. Rand Paul has proposed a 14.5% flat-tax rate for all types of income. Marco Rubio, another candidate with a detailed plan, would tax all business income at no more than 25%. Mr. Bush has proposed a 20% top corporate rate. The current top corporate tax rate is 35%, and small business income is subject to rates of as much as 39.6% (although many small businesses pay out a lot of their profits as lower-taxed dividends or capital gains). The campaign argues the rate would be among the lowest among industrialized nations, giving U.S. companies an edge to compete.

The lower corporate rates would provide “a tremendous stimulus for the economy,” the campaign’s plan argues. Mr. Trump would not, however, allow businesses to expense all their new equipment purchases, as some other Republicans do.

The plan proposes to simplify tax filing for many lower- to middle-income households. The plan says that some 42 million households that currently file tax forms to establish that they don’t owe any federal income tax now will be able to file their returns on a single page.

The 31 million households that have been paying some taxes but now won’t have any tax liability can use the same single-page, and keep an average of $1,000 in tax savings, the Trump campaign says. Today, 36% of American households today pay no income taxes, and that number would grow to 50%.

The Trump plan would raise revenues in at least a couple of significant ways. It would limit the value of individual deductions, with middle-class households keeping all or most of their deductions, higher-income taxpayers keeping around half of theirs, and the very wealthy losing a significant chunk of theirs. It also would wipe out many corporate deductions.

All taxpayers would keep their current deductions for mortgage-interest on their homes and charitable giving.

The plan also proposes capping the amount of interest payments that businesses can deduct now, a change phased in over a long period, and would impose a corporate tax on future foreign earnings of American multinationals.

Click HERE to view the entire Trump tax plan.



*VIDEO* Greg Gutfeld: Why The Right Is Right

H/T Right Scoop



Obama Regime Just Weeks Away From Imposing Most Economically Crippling Regulation In History

‘Most Expensive Regulation In History’ – WorldNetDaily


The Obama administration is just weeks away from imposing a new ozone particulate standard that manufacturers say will cripple jobs and productivity in the U.S. and leave some firms and industries clinging to life.

The National Association of Manufacturers released a study suggesting the standard would cost the U.S. 1.4 million jobs and $1.7 trillion in productivity by 2040 if the standard is lowered from 75 parts per billion to 65 parts per billion. The EPA could bring it as low as 60 parts per billion, which the study projects would be catastrophic.

For business owners like Summitville Tiles CEO David Johnson, the change would be devastating. The firm is based in Ohio, which relies heavily on manufacturing for jobs and economic growth. Johnson recently wrote a column explaining what’s at stake if the Obama administration get’s it’s way.

“We have 88 counties in this state and under this new ozone standard, all 88 of these counties would be out of compliance, just by the stroke of the pen of this executive order of the president,” Johnson said.

In addition to burdening existing manufacturers, Johnson said the new ozone standard would stifle new business.

“It would essentially stop any new projects from going forward unless there were reductions in emissions in other plants in other areas,” he said. “In other words, there’s a trade-off. If you’re going to add new emissions, you’d have to reduce emissions somewhere else. So (if you) shut down a factory or a company goes out of business, then and only then would you have a permit to expand your particular operations.”

According to Johnson, American manufacturing has never received a gut punch like this from its own government.

“This is not a bill that’s been passed by Congress, hasn’t been vetted, hasn’t been studied,” Johnson said. “It’s simply President Obama and his EPA’s effort to combat what they believe is global warming. So yeah, it would be the most expensive regulation in the history of regulations.”



Obamaconomy Update: Communist China To Build High-Speed Railway From Los Angeles To Las Vegas

China, U.S. Reach Agreement On High-Speed Rail Before Xi Visit – Bloomberg


A China Railway Group-led consortium and XpressWest Enterprises LLC will form a joint venture to build a high-speed railway linking Las Vegas and Los Angeles, the first Chinese-made bullet-train project in the U.S.

Construction of the 370-kilometer (230-mile) Southwest Rail Network will begin as soon as next September, according to a statement from Shu Guozeng, an official with the Communist Party’s leading group on financial and economic affairs. The project comes after four years of negotiations and will be supported by $100 million in initial capital. The statement didn’t specify the project’s expected cost or completion date.

The agreement, signed days before President Xi Jinping’s state visit to the U.S., is a milestone in China’s efforts to market its high-speed rail technology in advanced economies. The country has been pushing the technology primarily in emerging markets – often with a sales pitch from Premier Li Keqiang – as a means to project political influence. A $567 million contract last October to supply trains for Boston’s subway system was China’s first rail-related deal in the U.S.

The agreement also represents an important victory in China’s high-speed rail rivalry with Japan, as the two countries have competed for train contracts throughout Asia. The parent company of JR Central, Japan’s largest bullet-train maker, had expressed interest in the Los Angeles-Las Vegas line several years ago, and China and Japan are both expected to bid to supply train cars for a proposed high-speed rail line in California’s Central Valley.

“This is the first high-speed railway project where China and the U.S. will have systematic cooperation,” Yang Zhongmin, a deputy chief engineer with China Railway Group, said after a news conference in Beijing. “It shows the advancement of China-made high-speed railways.”

The Los Angeles-Las Vegas project will create new technology, manufacturing and construction jobs in the region, Shu’s statement said.

Through July, China had built more than 17,000 kilometers (10,565 miles) of domestic high-speed rail lines, according to the official Xinhua News Agency.

Apart from the railway project, China National Machinery Industry Corp. and General Electric Co. signed a memo of understanding to invest $327 million to develop 60 wind power stations in Kenya, Shu said at the Beijing news conference.

During Xi’s visit starting next week, China and the U.S. are expected to reach agreements on trade, energy, climate, finance, aviation, defense and infrastructure construction, China Foreign Minister Wang Yi said Wednesday. Xi is due to visit Boeing Co.’s factory in Everett, Washington as China makes a push to build its own passenger planes.

“Economic and trade cooperation will be a major topic for president Xi’s visit to the U.S.,” Shu said in Beijing. “China and the U.S. share common interests and have solid foundation for cooperation.”



Obama’s Recovery In Just 9 Charts (Tyler Durden)

Obama’s Recovery In Just 9 Charts – Tyler Durden