Tag Archives: economics

Border Wall Funding

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Senate Minority Leader Chuck Schumer (D, NY) is continuing to insist—brag, really—that there aren’t the votes in the House or the Senate for funding for a border wall.  Presently, he’s focused on the Senate:

Schumer maintained that Trump does not have the votes for a wall, at least in the Senate.

Schumer’s prior remarks might have been right about the House; the Republican caucus there has been as unfocused and undisciplined and dither-ridden as they’ve been for the last several years regarding border security.  Thursday, though, President Donald Trump injected some backbone into the caucus and sharpened its focus: he told Speaker Paul Ryan (R, WI) and other Republicans present in a mid-day meeting—in no uncertain terms—that he would veto the CR that the Senate had so cravenly passed because it had no border wall money in it.  Thursday evening, the House responded, passing 217-185 (with 8 Republicans voting with the Progressive-Democrats) an amended CR with $5.7 billion in it for a border wall.  That bill has been passed to the Senate.

However, the reason President Donald Trump doesn’t have the votes in the Senate is because Schumer actively, proudly, blocks such a thing, even as he claims the Republicans control the Senate—as though in his fantasy world 60 is less than 51 (or next year, 53).  Of course, Schumer knows better, he’s just proud of his obstructionism.  He’s also proud of his hypocrisy, having supported several more billions of dollars than just five for a border wall—the 2006 Secure Fence Act, for instance—and as recently as last January, after which he welched on an agreement that involved solutions for 1.8 million DACA people (more than the 800 thousand for whom Progressive-Democrats had been seeking help) along with a parallel $25 billion for the wall.

Prepare to greet the Schumer Shutdown redux.

A US Appellate Court Thinks Americans Are Grindingly Stupid

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Kellogg’s makes Cheez-Its, a cheesy, corny confection that’s attractive to lots of folks, especially at boring parties.  Some versions of this snack are marketed as “Whole Grain” or “Made With Whole Grain,” and the text on the packaging makes plain that this means 5 to 8 grams of whole grain for each 29-gram serving along with the primary ingredient being “enriched flour.”

This is too confusing for three women to bear, so they sued.  One of the women went so far as to claim she was injured by all of this, yet, were the packaging only changed, she would continue to purchase the products in the future (where are the feminists over this feigned stupidity?).  There started out some sanity in this idiocy:

A federal judge dismissed the case in 2017, ruling that the “Whole Grains” wording was factually correct. In toto, the label “would neither mislead nor deceive a reasonable consumer.”

Amazingly, the 2nd Circuit reversed.

Additional verbiage on the front and side of the package is no defense, the court said.

The 2nd Circuit thinks Americans are just too stupid for words.  Or it finds entirely reasonable that Americans are too mind-numbingly lazy to read a simple label.

Tax Cuts Don’t Have Long-Term Benefits

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That’s the claim of ex-President Barack Obama’s (D) Council of Economic Advisers Chairman Jason Furman in a recent Wall Street Journal op-ed.  It’s an accurate claim, too, when tax cuts are taken in isolation, as Furman took them throughout his piece.  That loneliness was emphasized by his closing remarks.

Going forward, policy makers should aim for a reformed tax system that is more stable, economically efficient, simple, and directly supportive of the middle class. Do this right, and the results could be higher economic growth and higher wages without the higher deficits. That’s a combination that’s proved elusive to date.

“Tax system,” not “tax and spend system.”  Leave it to an Obama staffer to miss the boat on this. The major reform remaining is to make the existing individual income tax cuts permanent (much less, lower)—an action the Progressive-Democrats in Congress will actively block. The necessary dual to tax cuts, though, is completely inconceivable to folks like Furman and his Progressive-Democrat cronies: cutting spending to fit within the lowered tax revenues.   After all, it’s those associated spending cuts in combination with the tax cuts, that produce the mid- and long-term benefits.

It’s true enough that feckless members of the Republican caucuses contribute to this failure, but their failure centers on how and where to make the cuts; they don’t have a mental block against even thinking about them.

France is Taxing

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The Macron administration utterly failed in its cynical effort to raise its taxes on the French working class and poor with its “climate” tax on transportation fuels, so now it’s going to go after American tech companies with carefully targeted taxes.  And that administration is desperate to get going, and it’s going to do it unilaterally.

In early December, Economy Minister Bruno Le Maire said France would give the EU until March to come up with a deal on taxing US internet giants. But ten days later he announced the tax would be introduced on January 1.

Wait, what?

France said at the start of December it would start taxing Google, Apple, Facebook and Amazon, the big US technology companies known as GAFA, if European Union finance ministers failed to agree on a bloc-wide digital tax next year.

And here’s the game, as confessed by Le Maire.

The digital giants are the ones who have the money.

So he intends to rip off uniquely tax our American companies for the heinous crime of outcompeting his precious French companies and then of being better tax managers than his precious French government.

Our companies need to think very carefully about the value they get from doing business in France compared with the French government’s imposition of wholly artificial costs for the privilege of doing business there.

Another Schumer Shutdown?

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Senate Minority Leader Chuck Schumer (D, NY) told NBC News‘ Meet the Press that there would be no money for a border wall “in any form.”  House Minority Leader Nancy Pelosi (D, CA) has been saying much the same thing the last couple of weeks, but she doesn’t have the votes to block the money, and she doesn’t have the votes to become Speaker next month if she doesn’t say no this month.

But Schumer: this is the same Senator who a couple of administrations ago voted enthusiastically to fund a border wall.  This is the same Senator who earlier in this administration enthusiastically supported a DACA fix the took care of 1.8 million illegal aliens vice the 800 thousand Schumer wanted to handle and that also had $25 billion for a border wall—and then welched on the deal.  This is the same Senator who agreed earlier this year to $1.6 billion for a border wall but now says no money.

It’s clear that Senator Chuck Schumer is so desperate to oppose President Donald Trump that he’s willing to have open borders and a free flow of illegal aliens rather than see to the security of our borders—or the safety of aliens who want to and try to enter our nation legally.

Trump said he’d proudly take the blame for any government shutdown over the matter, but the responsibility plainly will be that of the automatic obstructionist.  After all, Democrats…aren’t eager to help the Republican president fulfill his signature campaign pledge in 2016….

Go figure.