Showing posts with label tax relief. Show all posts
Showing posts with label tax relief. Show all posts

Thursday, January 09, 2020

The accomplishments of President Trump that Galli ignores in his impeachment for Evangelicals Christianity Today article

1. The appointment of two Supreme Court justices, 50 judges to federal circuit courts of appeal, and 133 federal district court judges (plus two other judges to specialized courts). All of them are committed to interpreting the Constitution and the laws according to the original meaning of the words and not according to their personal policy preferences. This is a good result of immeasurable benefit to the future of the country, for it guarantees that laws must be made by elected legislators who are accountable to the people, not by judges who are appointed for life and have no effective accountability to the people as a whole. Many of these judges will serve for decades to come.

2. Significant tax cuts that have resulted in remarkable growth in jobs and wages. The good results are already seen in the paychecks of millions of workers, with the highest percentage growth occurring in low income jobs, the lowest unemployment rate in 50 years, and the lowest black and Hispanic unemployment rates ever recorded.

3. Massive elimination of wasteful government regulations, giving a strong boost to business and job growth.

4.  Strengthening our military with passage of the largest defense budget in our history.

5. Standing up to China and firmly opposing their long-time theft of our intellectual property, including much copyrighted and patented information.

6. Moving the U.S. Embassy from Tel Aviv to Jerusalem, and in general being a strong friend of Israel.

7. Supporting laws and actions that protect the unborn child’s right to life, including permitting states to defund Planned Parenthood, reinstating and expanding the Reagan administration’s Mexico City Policy which halts funding to groups that promote abortion overseas, strengthening conscience protections for individuals and organizations that have sincerely held religious beliefs about the sanctity of human life, and requiring insurance companies to disclose to customers if their plans cover abortions.

8. Building as much of a truly effective border wall as could be built in the face of intransigent opposition by Democrats.

9. Withdrawing from the misguided Paris Climate Accord, which would have significantly increased energy prices in the U.S.

10. Issuing executive orders that protect religious freedom, such as rescinding the Obamacare HHS mandate that forced groups such as Little Sisters of the Poor to provide access to abortifacients through their health care plans or face massive fines, finalizing new rules that protect the rights of conscience for pro-life medical professionals, and the Department of Justice issuing 20 principles of religious liberty to guide the Administration’s litigation strategy and protect religious freedom.

11. Revoking the Waterways of the U.S. regulation, which wrongly took control of millions of acres of people’s private property

12. Gaining approval for the Keystone pipeline, the Dakota access pipeline, and oil exploration in a tiny section of the Arctic National Wildlife Refuge

13. Finally retaining energy independence for the United States (we now produce more energy than we consume)

14. Rescinding Obama-era regulations that required schools to allow biological boys to enter girls’ restrooms and locker rooms in high schools

15. Driving ISIS out of large areas that it had controlled in Iran and Syria

17. Supplying Ukraine with needed weapons to defend itself against Russia

18. Persuading several NATO allies to increase their defense spending

19. Protecting freedom of speech on public university campuses by denying federal funding to institutions that do not protect student speech.

20. Promoting more ability for parents to be able to choose their children’s schools by appointing Betsy DeVos, a veteran school-choice advocate, as Secretary of Education.

https://townhall.com/columnists/waynegrudem/2019/12/30/trump-should-not-be-removed-from-office-a-response-to-mark-galli-and-christianity-today-n2558657?

Sunday, September 09, 2018

How Obama blamed backward and forward

Although President Obama complained for 6-7 years about President Bush and the economy he inherited, you didn't hear him mention the recession Bush inherited. Not the falling economy after 9-11, but the 2000 recession. The reason he didn't use Bush's method to restore stability was Bush had used a TAX CUT, not stealing from Peter the employed to pay Paul the unemployed.  Bush’s method didn't give Washington more power over our lives. Democrats hate, hate, hate for you to keep more of your money to make your own decisions.

Specifically, EGTRRA of 2001:

*Increased the tax-deductible contributions people could make to their IRA accounts.
*Doubled the child tax credit from $500 to $1,000.
*Expanded the Earned Income Tax Credit.
*Provided greater tax deductions for education expenses and savings.
*Reduced the gift tax.
*Provided relief from the Alternative Minimum Tax.
*Phased-out the estate and generation-skipping transfer taxes so that they were eliminated in 2010.
*Reduced the “marriage penalty” by doubling the standard deduction for married couples. It also doubled the income threshold for married couples for the 15 percent tax bracket. *Those measures made the tax rates equivalent to what the couples would have had if they were single.
*Eliminated the planned phase-out of personal exemptions for those earning over $150,000, and the phase-down of itemized deductions for those earning over $100,000.

And the burst housing bubble of 2007-2008? You can thank the Community Reinvestment Act of 1977. Our wise politicians actually believed that if you put a low income worker deeper in debt for a housing mortgage, you could lift the family out of poverty with just the appearance of affluence. They new better than local bankers. What? Require 20% down like our first home loan in 1962? You must be a bigot. And they invited speculators in. Sort of like the current education debt, which no one wants to examine, not even Trump.

Friday, December 02, 2016

How Indiana and the U.S. benefit from the Carrier deal, guest blogger Jennifer

Jennifer Rymer Krawsczyn writes:

I figured this out using my OWN research, not spin from other sites. I will share the sites I used below. The $7 million tax break is over 10 years in tax incentives from Indiana (not the federal government). That is a $700,000 per year tax break over 10 years.

So if the average Indiana income tax paid for someone making $23/hr for a 40 hour work week (average listed for Carrier, link below) is $1,452 (link below), and you multiply that by 1100 people, Indiana brings in $1,597,2000 per year just in STATE INCOME TAX. 

Thus they will still be bringing in $897,200 in state income tax ABOVE the tax incentive. There is probably city tax and of course federal income tax, Social Security, and Medicare paid as well.

On the other hand, if these jobs were lost, many of those people would be put on unemployment, which is money out. And don't forget that the company pays taxes, the workers pay sales tax and buy things to keep the economy going, the company buys products from other companies. It's a good deal as far as I'm concerned.

 https://smartasset.com/taxes/indiana-tax-calculator#MW0B90gzKw

http://www.ibj.com/articles/57162-carrier-plans-to-lay-off-1400-indy-workers-in-mexico-move