victor809 wrote:He has done absolutely nothing good in his job at this point. Where am I ignoring his job performance?
I didn't give a rats azz about the illegal population... so that is irrelevant.
I didn't like the ACA, but his backdoor destruction of it is going to do way more damage to americans than the implementation if it (just like his backdoor destruction of you is doing a lot of damage)
his "tax cut" is brilliant strategy. If the intent is to f%ck the people from california and new york this year, and f%ck the rest of the middle class in 8 years when it's someone else's problem. Seriously.... all that so you can get a few hundred dollars? Even a whore charges more.
he has lied at every step.
his children's companies, and his company (which has has not divested from) are making millions as people try to curry his favor.
The only thing the orange f$ckwad has done well is make sure he doesn't miss a t time.
And idiots are happy he's president because it "stings" people they apparently dislike more than the health of their country.
You make me sick.
Hahahahaha! I'm melting, I'm melting!
President Trump’s 100 Days of Historic Accomplishments
GETTING GOVERNMENT OUT OF THE WAY: President Donald J. Trump has done more to stop the Government from interfering in the lives of Americans in his first 100 days than any other President in history.
•President Trump has signed 13 Congressional Review Act (CRA) resolutions in his first 100 days, more than any other President. These resolutions nullified unnecessary regulations and block agencies from reissuing them. •Since CRA resolutions were introduced under President Clinton, they’ve been used only once, under President George W. Bush.
•The Wall Street Journal editorial: “So far the Trump Administration is a welcome improvement, rolling back more regulations than any President in history.”
TAKING EXECUTIVE ACTION: In office, President Trump has accomplished more in his first 100 days than any other President since Franklin Roosevelt.
•President Trump will have signed 30 executive orders during his first 100 days.
•President Obama signed 19 executive orders during his first 100 days.
•President George W. Bush signed 11 executive orders during his first 100 days.
•President Clinton signed 13 executive orders during his first 100 days.
•President George H.W. Bush signed 11 executive orders during his first 100 days.
•President Reagan signed 18 executive orders during his first 100 days.
•President Carter signed 16 executive orders during his first 100 days.
•President Nixon signed 15 executive orders during his first 100 days.
•President Johnson signed 26 executive orders during his first 100 days.
•President Kennedy signed 23 executive orders during his first 100 days.
•President Eisenhower signed 20 executive orders during his first 100 days.
•President Truman signed 25 executive orders during his first 100 days.
•President Franklin D. Roosevelt signed 9 executive orders during his first 100 days.
A SLEW OF LEGISLATION SIGNED: Despite historic Democrat obstructionism, President Trump has worked with Congress to pass more legislation in his first 100 days than any President since Truman.
•President Trump has worked with Congress to enact 28 laws during the first 100 days of his Administration.
•President Obama enacted 11 laws during his first 100 days.
•President George W. Bush enacted 7 laws during his first 100 days.
•President Clinton enacted 24 laws during his first 100 days.
•President George H.W. Bush enacted 18 laws during his first 100 days.
•President Reagan enacted 9 laws during his first 100 days.
•President Carter enacted 22 laws during his first 100 days.
•President Nixon enacted 9 laws during his first 100 days.
•President Johnson enacted 10 laws during his first 100 days.
•President Kennedy enacted 26 laws during his first 100 days.
•President Eisenhower enacted 22 laws during his first 100 days.
•President Truman enacted 55 bills laws during his first 100 days.
The economy has come roaring back to life under President Trump. The stock market has hit record high after record high, helping more Americans build wealth and secure their futures. Through needed tax cuts and reform, the Administration will bring jobs back to our country. The President is helping U.S. workers by expanding apprenticeship programs, reforming job training programs, and bringing businesses and educators together to ensure high-quality classroom instruction and on-the-job training.
The Tax Cuts and Jobs Act was signed into law on December 22, 2017, enacting several tax cuts and tax reforms.
•Corporate tax rates: •The top statutory Federal corporate tax rate was reduced from 35 to 21 percent, putting America’s corporate tax rate below the OECD average. Previously, our effective rate had been the highest in the OECD, which put America’s businesses and the workers they employ at a disadvantage in the global economy.
•The new tax law also entails significant international reforms – a territorial tax system, deemed repatriation, and anti-base erosion rules. Shifting from a worldwide system to a territorial system ends the penalty on headquartering a company in the United States. All of these items will keep American jobs in America.
•On the individual side: •Tax Cuts and Jobs Act nearly doubles the standard deduction, simplifying tax filing and lowering the burden of tax compliance for millions of American families.
•Every income group experiences a tax cut.
•The child tax credit doubles to $2000, expands to benefit more families, and becomes refundable to more of those who are eligible to benefit from it and the refund amount is increasing. These reforms to the child tax credit help America’s working families keep more of the paychecks they earn.
•The new law maintains a number of popular tax benefits. These include the: mortgage interest deduction, charitable giving deduction, the Earned Income Tax Credit, adoption expense credit, child and dependent care tax credit, tax benefits for retirement saving, and many others.
Where Have We Been
Wage growth has been stagnant for much of the past two decade. Between the business cycle peaks in 2007 and 2016, wage growth was negative: the first time this has happened between business cycle peaks since at least 1980, according to CEA’s analysis. The question then becomes: why did wage growth recently depart from its historical trajectory?
One possible answer suggests itself from trends in capital deepening, which measures capital per worker. Capital per worker influences wage growth by influencing productivity: as workers have more capital, they can produce more stuff per hour, and their employers can afford to compensate them more per hour.
Note: Capital deepening is the contribution to labor productivity growth of more capital per worker hour. Labor productivity growth is in the private non-farm business sector. Source: Bureau of Labor Statistics, Net Multifactor Productivity and Cost; CEA calculations
Much as wage growth turned negative recently, so did capital deepening turn negative for the first time since WWII in 2014. It is possible the overlap between these two aberrations is a coincidence.
It is, however, also possible that policies that discouraged the investment of capital in America played a role. One of these was America’s corporate tax rate. But, with the Tax Cuts and Jobs Act now enacted, America’s corporate tax position stands to encourage rather than discourage investment and therefore wage growth in America.
Meanwhile, America’s broken corporate tax system also inflated America’s trade deficit.
Where Are We Going
The evidence suggests that the effects of a corporate tax rate cut are large. The corporate income tax base stands to increase, allowing America’s tax rate to fall while revenues remain unchanged.
Notes: Figures show responses to a 1-percentage point cut in the average corporate income tax rate. Solid lines are point estimates; dotted lines indicate 95 percent confidence intervals. Red lines are estimates and intervals with average corporate tax rate ordered first, blue lines estimates and intervals with average income tax rate ordered first. For example, the left figure shows that this is a small jump in revenue in the quarters immediately following the decrease in the corporate tax rate but this increase is not statistically different from zero (zero is inside the band created by the upper and lower dashed lines). Source: Mertens and Ravn (2013)
As the government tends not to lose money, the government does not experience an increase in debt from a corporate tax cut, according to this evidence. Nor does the government experience a rise in interest rates.
Notes: Figures show responses to a 1-percentage point cut in the average corporate income tax rate. Solid lines are point estimates; dotted lines indicate 95 percent confidence intervals. Red lines are estimates and intervals with average corporate tax rate ordered first, blue lines estimates and intervals with average income tax rate ordered first. .Source: Mertens and Ravn (2013)
Now that the Tax Cuts and Jobs Act stands to deliver these benefits, GDP growth forecasts of Wall Street’s largest banks (Bulge Bracket firms) are up from an average 1.9 percent in October 2016 to nearly 2.5 percent in January 2018.
These echo the results of CEA’s previous analysis, which suggested that that corporate tax reform will increase GDP growth by 0.3 to 0.5 percent this year. While CEA did not model the individual growth rate effects, other economists like Barro and Redlick (2011) estimate that the individual side of the reform will add an additional 0.8 percent growth through 2019.
https://www.whitehouse.gov/articles/tax-reform-going/
