That’s what Zhou Dewen, Zhejiang Private Investment Enterprise Association Director, a business lobbying group in the People’s Republic of China has said. He, like business representatives anywhere—including here in the US—is right to be concerned. That concern is compounded by President Donald Trump’s tax proposal.
Now, Chinese officials and executives worry that the tax proposal Mr Trump announced last week will set back China’s global competitiveness and spur companies to invest in America instead of China.
Which is one of the points of Trump’s proposal that, among other things, seeks to drastically lower our usurious business tax rates.
This is a preview of
“We pay a lot to feed the civil servants”
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The European Union now says that any trade deal discussions with Great Britain must come after the terms of Great Britain’s going out from the EU have been agreed. Fair enough; it’s tough to negotiate a trade deal before the nature of the relationship between the two has been identified.
But now there’s this, too.
…EU courts must continue to have a role in Britain after Britain’s exit from the bloc.
They [the EU leadership] emphasize the importance of ensuring no hard border is re-established between Northern Ireland and the Republic of Ireland and even touch on issues like the future legal status of Gibraltar….
…which is worse: the Left’s hypocrisy about decrying Wall Street and then requiring a ton of money in return for talking to them, or the Left’s demand that “you’ve made enough money.”
Ex-President Barack Obama (D) required, and got, 400 stacks for giving a 20-minute speech to a Cantor Fitzgerald healthcare conference, and he required, and got, another 400 large for being asked questions at an A&E Networks do. This, after spending eight years squawking about Wall Street fat cats and their…large…incomes.
Then, there’s this, from Bill Maher, protesting Obama’s paydays.
Daniel Henninger had some thoughts in Wednesday’s Wall Street Journal on this group’s first 100 days; read the whole thing. I’m interested in one aspect of the No-ers’ first 100 days that Henninger was too polite to say out loud. Henninger pointed out
Back in 2016, Speaker Paul Ryan and the House leadership held public hearings, conducted negotiations inside the House conference, and published texts of the proposed legislation to repeal and reform ObamaCare. The American Health Care Act that emerged from this process had both a political and policy purpose.
A congressional bill named for Taylor, the Taylor Force Act, would cut off the US aid [to the Palestinian Authority] unless the Palestinian Authority stops the payments.
Taylor Force was an Afghan and Iraq war vet who was visiting Tel Aviv when he was murdered by a Palestinian terrorist—and the terrorist’s family is getting a PA annual pension in celebration of his crime.
This bill is necessary. Money is fungible. These transfers, these so-named “aid” transfers, must be cut off entirely; it would be insufficient merely to forbid the transfers’ use for payments to terrorists’ families. The money’s existence would enable the PA to reallocate money from other sources to the “pensions” without reduction in overall PA income.
Below is the handout given to the NLMSM at Wednesday’s White House daily press briefing, this time hosted by Chief Economic Advisor Gary Cohn and Treasury Secretary Steve Mnuchin for the purpose of discussing President Donald Trump’s tax reform proposal, which was released today via that handout and press briefing.
Also included, as mentioned during the briefing though not on the handout, is a proposed reduction of the peak capital gains tax to 20%, which Cohn and Mnuchin said will stimulate investment—and, I add, stimulate both productivity and new job creation via that increased investment.
Yukon Huang and David Stack, in their National Interest piece, worry about a trade war with the People’s Republic of China—it would be borne of American protectionism, don’t you know.
The United States can learn an important lesson from China’s past experience: the key to strengthening competitiveness lies not in protectionist measures but by increasing the productivity of a nation’s workforce through supportive infrastructure investments.
Plainly, they have no understanding of protectionism, of which damaging tariffs are only one aspect, and none of the type or protectionism practiced by the People’s Republic of China.
Since the Progressive-Democrats in the Senate are dead set on shutting down the Federal government (I won’t argue the utility of the government being shut down or by how much it actually would be) for the sake of their own petty political egos, it’s time to get rid of the filibuster on all matters relating to the budget, spending, and revenues.
It’s time to put an end to the obstructionism of these Precious Ones.
Because it isn’t possible to get the same bang for fewer bucks by using the smaller amount more efficiently. No, just keep throwing money at the thing; if a single dollar sticks, it’s sufficient.
That’s the apparent position of folks on the left like Bill Nye, the guy with a Master’s degree in Engineering who represents himself as “The Science Guy.”
Nye, who served as an honorary co-chair for the March for Science, chided lawmakers who ignore scientific research in areas like climate change and railed against the Trump administration’s proposed budget cuts.
What he misunderstands, though is a very expensive thing to misunderstand: basic economics. Congressman Joe Crowley (D, NY), Vice Chairman of the House Democratic Caucus and member of the House Ways and Means Committee said in an interview with PJMedia‘s Nicholas Ballasy that he’s willing to “experiment” with a VAT in the US, “what effect that will have.” And