So, Mr. Trump is going to ‘restore’ our military…..aha.
To be fair here is his agenda and how he ‘thinks’ he’s gonna pay for it:
So what’s he gonna do?
- Asking military generals to present a plan within 30 days to defeat and destroy ISIS, immediately after taking office
- SOUNDS TO ME LIKE A LOT OF BOOTS ON THE GROUND FOLKS. READY FOR THE DRAFT? OH, HIS KIDS WON’T GO.
- Asking Congress to eliminate the defense sequester
- PRESENTLY THEIR BUDGET IS $500 BILLION
- Building an active Army of about 540,000
- The current number of active troops is slightly more than 479,000 soldiers.
While the smaller number of active soldiers may be surprising to some, it was actually part of a larger plan proposed by the Pentagon in 2014, when then-U.S. Department of Defense Secretary Chuck Hagel looked to slim down the Army’s personnel to about 450,000 soldiers by 2018, the BBC reported. By comparison, the Army had nearly 600,000 active troops at the peak of the foreign wars in Afghanistan and Iraq.
- Building a Marine Corps based on 36 battalions
- We currently have 23 battalions or 11900 MORE marines: Cost? Total value of a new Marine: $44,887. Times 11900= $534,155,300…that’s billions folks for only the marines. Our current TOTAL military budget is $500 Billion…let that sink in.
- Building a Navy nearing 350 surface ships and submarines
- Currently we have some 272 ships in the navy. Cost per ship to build: from $2 billion to $13 billion or…about $390 billion dollars.
- Building an Air Force of at least 1,200 fighter aircraft
- Well just one fighter developed cost $200 billion for about 12oo planes…..
- A new “state-of-the-art” missile defense system
- They are talking of $8 billion a year to develop this missile system…yeah, right.
- So in effect he’s going to cut social programs and fat and bureaucracy and fraud and save enough to pay for DOUBLING the defense budget from about $500 billion now to probably well over a TRILLION…..I’m sooooo excited.
Do corporations REALLY pay those high taxes the Republicans rail about?
Well…no, they don’t; think the republicans are going to work for the middle class? Not likely…..
What GAO Found
In each year from 2006 to 2012, at least two-thirds of all active corporations had no federal income tax liability. Larger corporations were more likely to owe tax. Among large corporations (generally those with at least $10 million in assets) less than half—42.3 percent—paid no federal income tax in 2012. Of those large corporations whose financial statements reported a profit, 19.5 percent paid no federal income tax that year. Reasons why even profitable corporations may have paid no federal tax in a given year include the use of tax deductions for losses carried forward from prior years and tax incentives, such as depreciation allowances that are more generous in the federal tax code than those allowed for financial accounting purposes. Corporations that did have a federal corporate income tax liability for tax year 2012 owed $267.5 billion.
So is there really that big a difference in what the US pays and the World pays?
On average, the foreign effective tax rate is not much lower than the U.S. domestic tax rate.
Anybody remember trickle down economics?
Source of these comments
“Any tax cuts that we have for the upper class will be offset by less deductions to pay for it.”
Tax deductions for charitable contributions would still be allowed, he said. There would be a cap on mortgage interest payments, though “some deductibility” would continue, Mnuchin said.
Cutting the corporate tax rate will generate more investments, factory growth and jobs, said Chris Edwards, the director of tax policy studies at the Cato Institute, a nonpartisan public policy group focused on limited government and free markets. However, referring to personal income taxes, Edwards predicted it would be “difficult to ensure that everyone gets a break.”
Some tax experts voiced cautious optimism about the proposals, even as they cautioned about a potential repeat of the federal deficit increases that followed the Reagan tax overhaul in 1981.
Apparently the Democrats aren’t ready to admit they need new leadership yet…sad
Harvard Researcher Discusses How Our Democracy Is Shifting http://www.cbsnews.com/live
Think trump came from a elite business school?
So get ready for the start of losing your 1st Amendment Rights:
President-elect Donald Trump on Tuesday threatened loss of citizenship or jail for those who burn the American flag, saying such protests — which the Supreme Court has declared to be free speech — should carry “consequences.”
Flag-burning was ruled to be constitutionally protected speech under the First Amendment in a 1990 Supreme Court case, United States v. Eichman, that struck down a law seeking to prevent the flag’s desecration. Moreover, a 1967 Supreme Court decision rejected the practice of stripping U.S. citizenship as a form of criminal punishment.
But Mr Trump doesn’t care (or doesn’t know, which is more likely). He just spouts off whatever comes to his peanut brain
Just curious. I see Trump is taking credit for saving jobs at the Carrier plant….but hey, what about this?
Analysts have pointed to several reasons that United Technologies might have been persuaded to keep its Carrier plant in Indianapolis.
One is that while the annual savings of $65 million are substantial in the context of any single facility, United is a massive international conglomerate that reported $56 billion in sales last year. The company’s managers might have decided that maintaining its plant in Indianapolis was worth the additional cost in order to maintain good relations with Trump and possibly win concessions of some kind from him when he takes office next year.
For instance, United Technologies owns Pratt & Whitney, a major supplier of jet engines used in military aircraft. Some observers have been doubtful that Trump could make a credible threat to deny United contracts for the Pentagon’s jets, however, arguing the company is indispensable to military procurement.
Pratt & Whitney manufactures the engine used in the costly — and controversial — F-35 Joint Strike Fighter. While the company has had some problems producing the engine, it is unclear what other supplier could fill their place.
Or…how about this:
Chuck Jones, president of the United Steelworkers 1999, which represents Carrier employees, said neither Trump nor Carrier involved the union in the process.
“We’re trying to figure out what the hell is going on,” he said.
all this from this source: https://www.washingtonpost.com/news/wonk/wp/2016/11/29/donald-trump-has-reached-a-deal-with-a-manufacturer-to-keep-jobs-from-going-to-mexico/?utm_term=.b6b10b603c35&wpisrc=al_alert-COMBO-economy%252Bnation