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The Front Page Cover
~ Featuring ~
Tax Cuts for the Children, Too
by Michael Swartz
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'Revenue Triggers' and Tax Cuts
by Political Editors:  On Thursday, the Joint Committee on Taxation (JCT) released its analysis of the Senate GOP’s tax reform bill. JCT estimates that the tax cut’s economic growth will only offset the government’s revenue loss by $400 billion and therefore the bill will add $1 trillion to the deficit over 10 years. While this news is a setback for the Republicans claiming that the bill would pay for itself, it really should have surprised no one that cutting taxes without cutting spending can only increase debt. That said, let’s put this in context: Republicans propose cutting taxes — i.e., letting you keep more of your money — thus adding $1 trillion to the deficit over the next decade, while Barack liar-nObama kept and spent more of your money, adding more than $1 trillion per year to the deficit and $10 trillion over his eight years in office.

          Concerns over the deficit had some Republicans (ahem, Bob Corker) proposing the idea of adding a “revenue trigger” to the bill should economic growth fail to significantly offset revenue loss. The measure would have triggered tax hikes on corporations, gradually increasing from the new 20% rate over the next several years. However, the proposal was nixed due to Senate parliamentarian rules. Honestly, any revenue trigger proposal should be aimed at curbing government spending, not increasing taxes. As Ronald Reagan so astutely observed, “The problem is not that people are taxed too little, the problem is that government spends too much.”
          To illustrate Reagan’s point, keep in mind that, over the next 10 years, the federal government will rake in north of $40 trillion in revenue. The GOP is proposal is to confiscate $1 trillion less over that span.
          Meanwhile, the Senate is planning to vote on the bill Monday, and with Sen. RINO-John McCain (R-AZ) having thrown his support behind the legislation, hopes are high that it will pass. President Donald Trump and congressional Republicans are banking on a big win.  

~The Patriot Post
https://patriotpost.us/articles/52695


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Lou Dobbs Interviews 
OMB/CFPB Director Mick Mulvaney
{theconservativetreehouse.com} ~ Director Mick Mulvaney appears on Fox Business News to discuss the ongoing tax reform efforts along with ongoing revelations... within the Consumer Financial Protection Bureau (CFPB). I don’t often do this, but there’s two really insightful articles, written by Ronald Rubin -who was there at the start of the bureau-  about the CFPB, that deserve to be read by anyone looking to understand the organization and the left-wing constructs within it... https://theconservativetreehouse.com/2017/11/30/lou-dobbs-interview...
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Rescue mission for Argentine 
submarine crew ends, search for sub continues
by Elizabeth Zwirz
{foxnews.com} ~ The search for a missing Argentine submarine will continue but the rescue part of the plan has ended... a spokesman for the country's navy announced on Thursday. The search for the ARA San Juan has lasted for 15 days since it first vanished on Nov. 15 with 44 crew members on board. The submarine was sailing from the extreme southern port of Ushuaia to the coastal city of Mar del Plata, about 250 miles southeast of Buenos Aires. It was originally scheduled to arrive last Monday at a navy base there...  http://www.foxnews.com/world/2017/11/30/rescue-mission-for-argentin...
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Patriot Gen Flynn Falls To Deep State
Globalists, Trump Better End It Or He’s Next
{rickwells.us} ~ The only thing the guilty plea of General Mike Flynn on Friday indicates is that any time the FBI says they want to talk to you, refuse... No matter what the circumstances, take the Fifth Amendment. The FBI can lie, and engage in all sorts of illegal behavior and will be protected by the DOJ from investigation or even having to produce documents. If, eventually that day does come where some of the documents are pried away from their clenched fists, they’ll be in a redacted, virtually useless and obstructive form...  https://rickwells.us/flynn-deep-state-trump-next/
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 VIDEOS
 
Trump Deserves Credit For Fueling Stock Market
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President Goes To Mo. Delivers Speech On Tax Reform
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Conyers’ Victim Tells Her Story
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Stacy Washington: Deafening Silence in Kate Steinle Trial
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Bosnian War Criminal DIES After Drinking Bottle Of POISON
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Matt Lauer Fired For Inappropriate Sexual Behavior
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Tax Cuts for the Children, Too
by Michael Swartz:  There’s a key element of tax reform that has been somewhat lost in all the contention over “tax cuts for the wealthy” and the huge “price tag” of the Republican effort. Yet that piece may be the linchpin that could make it more palatable to the centrists in the GOP and maybe — just maybe — break the logjam among Democrats opposing the bill if done correctly.

          As we pointed out back in September, the enhanced child tax credit in the GOP bills was the pet project of Ivanka Trump, who, as our Robin Smith noted, “focused on the role of tax policy to bring relief to working families.” At the time, the theory was that the larger child tax credit could plant the seed for Democrats to join in and make tax relief a bipartisan effort. However, that seed has yet to bear any fruit as Democrats prefer to keep with their time-honored mantra of any Republican plan being nothing more than “tax cuts for the rich.”       
          The latest idea on that front is the amendment to the Senate bill introduced by Republicans Marco Rubio and Mike Lee. It would increase the current child care credit from $1,000 to $2,000 — the present incarnation of these bills has already increased it to $1,650 — and make the child care credit refundable against both income tax liability and payroll taxes as well. To make up the difference in cost to the Treasury, the proposed 20% corporate tax rate would, under Lee-Rubio, instead be 22%.
          For this portion of the reform package, however, Democrats who want to throw out the baby with the bathwater have an unlikely ally: the editorial page of The Wall Street Journal. Complaining that the amendment “is a disincentive to work” and mocking Rubio’s contention that 70% of the tax cuts go to businesses while just 30% go to individuals, they add, “Rubio and Lee are inviting Democrats to join them to pass the amendment on the Senate floor, though Democrats will oppose the final bill. Republicans will have to hang together to defeat (Lee-Rubio), which creates a tough vote for incumbents running in 2018.”
          But Smith contends, “The use of tax credits can boost overall wages kept by workers who struggle to remain in the workforce while juggling child and dependent care. These credits would also require that at least one parent be actively employed to qualify, making this a support to workers, not an entitlement.” Also joining in is a tag team from National Review of Ramesh Ponnuru, who calls the WSJ piece “longer on sneering than analysis,” and Yuval Levin, stating the proposal is “tax relief in one of the places where it’s most needed and appropriate.
          One of Donald Trump’s campaign promises was to not only cut taxes but to also make it simpler to file them. And the fact is that most people in the middle will get a tax cut. Those rare exceptions will generally either be those who itemize deductions and live in high-tax, high-home price states, or be the larger beneficiaries of those deductions that aren’t commonly taken, such as medical expenses. On balance, this should be smooth sailing.
          The tax bill, though, is in the trouble it’s in because Democrats and their media allies keep peddling the narrative that only the wealthy will benefit. Indeed, they will get a larger sum of money as their share of the cut — because they contribute more to begin with — and they will benefit from the eventual elimination of the death tax. That much is true because this proposal makes our system just a smidgen less progressive than it has been — although in some instances, like the “bubble tax” at the high end of the House plan, the reverse is true.
          Yet the word is beginning to get out that the bill will be a good deal for most taxpayers, and its popularity may increase as the Senate version eliminates the liar-nObamaCare individual mandate. So if it helps Democrats to bend the truth a little bit regarding the disappearance of that onerous mandate, heck, that’s quite all right as long as their side wins, right?
          Isn’t it amazing that the “non-partisan” Congressional Budget Office can never figure on a dynamic analysis to score a tax cut bill, but it can automatically assume for the purpose of this analysis that one million will drop Medicaid coverage in 2019, and five million by 2024, when no eligibility requirements are changed? And if you see a chart from a Democrat telling you that taxes are going up for the middle and working classes — like in this example from House Democrat Whip Steny Hoyer — do your research: He’s telling you this number is based on 2027 incomes and rates and assuming that the cuts expire that year, which is a bug of reconciliation.
          If the Democrats were honest, they would tell you this: “We find the bill would reduce taxes on average for all income groups in both 2019 and 2025. In general, higher income households receive larger average tax cuts as a percentage of after-tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution. On average in 2027, taxes would rise modestly for the lowest-income group, change little for middle-income groups, and decrease for higher-income groups. Compared to current law, 9 percent of taxpayers would pay more in 2019, 12 percent in 2025, and 50 percent in 2027.” The source: the same Tax Policy Center report Hoyer uses to claim 82 million households will pay more. The reality: In two years, 91% would pay less.
          Two generations ago, Americans were captivated by a president who often claimed “a rising tide lifts all boats.” Now members of John F. Kennedy’s party want to keep the waters from rising because some of the boats happen to be larger than others. The casualties of that class-warfare mindset include good ideas like Lee-Rubio
 
~The Patriot Post
https://patriotpost.us/articles/52698

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ALERT ALERT

‘WikiLeaks Can’t Protect Their Sources’
Is The CIA About To Reveal Names Of DNC Leakers

Image result for Julian Assange

The saga surrounding who leaked sensitive DNC documents to WikiLeaks may take an interesting turn, hints former CIA officer Fred Rustmann.

WND reports:

The Central Intelligence Agency knows the identities of the people who leaked DNC emails to the whistleblower organization WikiLeaks during the heat of the 2016 presidential campaign, a former CIA officer contends.

Fred Rustmann, who served as an operations officer in the CIA’s National Clandestine Service for 24 years and was a member of the agency’s elite Senior Intelligence Service, said in an interview with WND that WikiLeaks’ ongoing release of classified information is “disgusting.” 

“WikiLeaks says they want to protect their sources – Julian Assange said that he wouldn’t reveal his sources, but he would say that it wasn’t the Russians,” Rustmann said. “But the agency knows a lot of the information. I suspect they may have a pretty good idea of who provided that information to WikiLeaks.”

Rustmann’s comments raise questions about potential plans for the CIA to reveal the names of those who allegedly leaked DNC documents to WikiLeaks.

Recently, the CIA made a veiled threat to WikiLeaks in respect to protecting their sources.

“WikiLeaks may think they are protecting those who provide them with classified information & other secrets, but they should not be certain of that,” the CIA statement said. 

In a statement to WND, Robert L. Deitz, a former advisor to CIA head Michael Hayden, called the threat “unprecedented.”

“It’s pretty unusual for the CIA to make a threat to WikiLeaks so publicly. It’s pretty unprecedented; one ought to be skeptical about this. That is not the way that CIA officials should operate,” Deitz said.

“This is the kind of thing, if somebody were to make this kind of threat it would come out of a different organization, DOD, State or maybe the White House. Traditionally it would certainly not come out of the CIA,” Deitz added.

WikiLeaks is in the news after both CNN and CBS falsely reported the group granted Donald Trump Jr. access to future leaks.

However, WikiLeaks had tweeted a link to the information days before the email reached Trump Jr.’s inbox. The fake news media claim this was stone cold proof of collusion, as WikiLeaks has long been smeared as a Kremlin puppet.

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