Jimmy P has it right: Tax cuts never jazzed core Trump voters the way immigration restriction and The Wall did

Here for The Week:

Remember, the U.S. is in its 101st month of a steady-if-unspectacular economic expansion. The unemployment rate is low. While there are obviously millions upon millions of Americans who continue to struggle, overall the economy simply isn't the priority for voters that it is in times of real economic crisis. What's more, a failed tax cut is unlikely to derail the expansion, since expectations of a fat tax cut aren't responsible for the growing economy and rising stock market. (You can thank a global economic upturn for that.) And tax cuts — much less corporate tax cuts — weren't the motivating factor behind the Trumpopulist surge. Tax cuts never jazzed core Trump voters the way immigration restriction and The Wall did. Trump's diehard supporters won't howl over a failure to slash corporate tax rates. ... [N]o magic tax cut will turn 2 percent GDP growth into sustained 3 percent or 4 percent growth.

Presidents' first nine months of current dollar GDP compared, including LBJ

Typically I present the data for JFK/LBJ as a unit because Kennedy was shot and Johnson finished his first term and then one of his own, making eight years. Same with Nixon/Ford, because Nixon resigned and Ford finished Nixon's second term, making eight years.

But when comparing first time office holders, LBJ really should be included. The key difference is that LBJ was elected in his own right in 1964, while Ford was not in 1972. So LBJ should be included, but not Ford in order to compare apples to apples.

Johnson was like Truman in three respects: For serving out a dead president's term, for being elected in his own right, and for deciding against standing for re-election.

So, the updated chart including Old Guns 'n Butter himself (note that Trump thus ranks 7th out of 12 starts in this update):

Today's second estimate of GDP for 3Q2017 doesn't give Trump much of a bump in the rankings

Trump remains in 6th place among 11 starts since 1948.

Laugh of the Day: Cokie Roberts admits all the women in media knew not to ride in the elevator with Conyers

Once again, feminism bows to party.

It takes CNBC article 13 paragraphs before admitting repeal of Obamacare mandate would result in loss of coverage for millions BY CHOICE

Here:

"Most of the losses [in insurance coverage] are due to the fact that people are not getting pushed into getting coverage," Levitt said.

Shocked, I tell you: HIV cases soar in Europe in 2016 but story never connects them to "refugees"

Reported here by Reuters.

"Forgiving Al Franken: Feminists tighten their grip on the hot stove"

Here.

"Thank God for me"

It's hard to escape the conclusion that US GDP has been highly dependent on fertility

Peak Baby Boom 1952-1957 when births per 1,000 of population averaged 25.17 (graph 1) is probably the simplest explanation for outsized GDP performance during the years when this generation turned 22 from 1974-1979. More babies in the 1950s equaled more GDP come the late 1970s.

We only wish for that GDP now.

Jimmy Carter, elected in 1976, still owns the best 4-year GDP record in the post-war, despite everything you've been told (graph 2). It's nothing special he did really, it's just that in 1975, the year before his election, you had the very peak of the Baby Boom turn 18, those born in 1957 when births per 1,000 hit 25.3 for the second and final time in the post-war. They and the rest of their cohort were ready to consume in numbers never seen before. Their era spanning from Nixon/Ford from 1972 when the first of them turned 20 through Reagan in 1984 when they turned 32 represents the coming of age of America's most powerful economic demographic and the period when America's GDP performance hit its highest levels (average 46.3%).

Their failure to have enough children themselves, however, is also a big part of the explanation for the GDP trend heading south after their time. They consumed, but they did not at all produce children like their parents had. In fact, the nadir of births per 1,000 before the current period occurred from 1972 to 1977, precisely the period exactly 20 years after peak Baby Boom 1952-1957. Births per 1,000 averaged just 14.92 during this period, a rate nearly 41% lower than their parents' era. So the most prolific fruit of the Baby Boom had gone on to become themselves the least prolific, having the fewest children ever.

Not surprisingly, without enough bodies the economy inevitably began to run out of gas starting about two decades after that. Clinton era GDP performance was never as good as Reagan's, and the era was marked by various warnings, not the least of which were the bond debacles of 1994 and 1999. The great Reagan bull market ended in August 2000, a recession ensued in 2001, average S&P 500 return has been reduced to 5.2% per annum over the last 17 years, and the GDP growth rate after Clinton has averaged just half what it averaged before Carter (16% vs. 32%). No wonder the trend is down so dramatically (graph 3).

The solution?

Have LOTS more kids, and wait 20 years, if you want America to still be America, that is. Otherwise, let in even more than the 1 million immigrants we already let in annually, and prepare to kiss your country goodbye.

But don't hold your breath. Births per 1,000 have fallen to an average of just 12.5 for the five year period 2011-2015.

They don't call it the suicide of the West for nothing.

graph 1

graph 2

graph 3

I don't see the problem here: The press is free to lie all it wants, or not, and Trump is free to point it out

As long as you are a good Democrat, like Al Franken, you can get away with molesting women and stay in the US Senate

Methodically executed 77 in Norway, gets only 21 years!

Franken committed unwanted kissing and touching, but he gets to go back to work in the US Senate today.

Just like Norway, it seems Minnesota will go easy on just about everything.

All you have to do is apologize!

Story here.

Hillary and Obama's legacy in Libya: Blacks being sold as slaves in open air markets

From the story here:

Black Africans are being sold in open-air slave markets right now, and it’s Hillary Clinton’s fault. ... Footage from Libya, released last week by CNN, showed young men from sub-Saharan Africa being auctioned off as farm workers in slave markets.

And how did we get to this point? As the BBC reported back in May, “Libya has been beset by chaos since NATO-backed forces overthrew long-serving ruler Col. Moammar Gadhafi in Oct. 2011.” And who was behind that overthrow? None other than then-Secretary of State Hillary Clinton.

If economic growth under Trump feels like it was under Bill Clinton, that's because it is: Trump so far ranks 6th best out of 11 starts

Trump keeps repeating himself about building The Wall: He'd better get started before it's too late

Reid junked judicial filibuster, Grassley junks "blue slip" tradition, Trump to pack the courts

Jake Novak provides the good news, here.

Orange County Register op-ed calls for Al Gore to be put on the Weinstein list

Seems Al Gore's "irresistible animal magnetism" came up a cropper in three separate incidents in 2006, 2007, and 2008. 

John Phillips, here.

I hereby pardon the turkey

What an effing pig is Republican Rep. Joe Barton of Texas, 32 years up there on The Hill, wanking away

TMZ story here.

Dramatic video shows what a parasite-ridden North Korean soldier did to achieve his freedom in the West

Thank God South Korea remains a bastion of freedom, thanks to the freedom-loving people of these United States.

Another True Born Son of Liberty is born.

Video here.

From the story:

While treating the [gunshot] wounds, surgeons removed dozens of parasites from the soldier’s ruptured small intestine, including presumed roundworms that were as long as 27 centimetres, which may reflect poor nutrition and health in North Korea’s military. The soldier is 5 feet, 7 inches tall but weighs just 9.4 stone.

The presidential Trump gets undeserving unlikeable people out of jail in China

Democrat Senator Al Franken copped a feel at Minnesota State Fair in 2010 according to CNBC

The Giant of the Senate, indeed. Giant fraud.

Here:

A second woman has accused Minnesota Sen. Al Franken of improper conduct, saying he put his hand on her bottom as they posed for a picture at the Minnesota State Fair in 2010 — after he had begun his career in the Senate. Lindsay Menz told CNN last week for a report broadcast Monday that the interaction made her feel "gross." She said she immediately told her husband that Franken had "grabbed" her bottom, and she said she posted about it on Facebook. ...

She said as she posed with Franken, he "pulled me in really close, like awkward close, and as my husband took the picture, he put his hand full-fledged on my rear," Menz said. "It was wrapped tightly around my butt cheek." Menz said she told her husband, Jeremy Menz, and father Mark Brown about it right away. Both men affirmed that to CNN. Menz also said she posted the photo with Franken on Facebook on Aug. 27, and when her sister commented on the photo, she replied: "Dude -- Al Franken TOTALLY molested me! Creeper!"

Germany's Merkel fails to form coalition government after AfD upset in election

From the story here:

Merkel was weakened after an election in September as voters angry with her decision in 2015 to open Germany's borders to more than a million asylum seekers punished her conservatives by voting for the Alternative for Germany (AfD) far-right party.

There is little appetite for a second vote, especially as the main parties fear that the populist AfD would win more than the almost 13 percent of votes it secured in September.

Longtime Nelson stepson of Moore accuser says she never once mentioned this in the family

The video is here.

At the end Darrel Nelson claims his stepmom likes to live pretty high on the hog. He believes she's in this for the money.

Deputy FBI Director Andrew McCabe suggested Comey's investigation of Hillary wasn't routine but given "special" status

The Hill reported here on the 15th:

Shortly before last year’s election, FBI Deputy Director Andrew McCabe wrote an email on his official government account stating that the Hillary Clinton email probe had been given “special” status, according to documents released Wednesday.

McCabe’s Oct. 23, 2016, email to press officials in the FBI said the probe was under the control of a small group of high-ranking people at the FBI’s headquarters in Washington.

“As I now know the decision was made to investigate it at HQ with a small team,” McCabe wrote in the email. He said he had no input when the Clinton email investigation started in summer 2015, while he was serving as assistant director in charge of the FBI's Washington office.

“[The Washington office] provided some personnel for the effort but it was referred to as a ‘special’ and I was not given any details about it,” he wrote.

House tax bill passes 227-205, Senate still working on theirs

From the story here:

[T]he bill would limit state and local deductions and the mortgage interest deduction, eliminate the personal exemption and nearly double the standard deduction. ... The most significant difference between the chambers' plans is the treatment of state and local tax deductions. The Senate plan would eliminate those deductions entirely. The measure could alienate some House Republicans who voted for the chamber's bill that would allow up to $10,000 in property tax deductions.

Meanwhile Democrat Sen. Bob Menendez is actually on trial on corruption charges, not including allegations about underage sex

More Minnesota news: Democrat Sen. Al Franken outed by KABC host for tonguing and groping her

Over 64,000 Minnesotans making less than $50k paid over $30 million in Obamacare penalties in 2015

Nearly 82,000 Minnesotans paid over $38 million in federal penalties in 2015 for not having health insurance.

That's how much repealing the Obamacare mandate would have saved those Minnesotans in 2015, the vast majority of whom made less than the national average wage of $46,000.

The national average penalty in 2015 was $470.

In the dysfunctional marriage between the two political parties, the submissive one has a funny name

Jeff Greenfield is a Democrat political hack forging equivalency between Roy Moore, Donald Trump and Bill Clinton

Here in Politico: 

So what changed? Three people: Harvey Weinstein, Donald Trump and Roy Moore.

Actually, nothing's changed.

When blacks like Bill Cosby and Jews like Harvey Weinstein suddenly get outed and become ground zero for sex crime in the popular imagination, Democrats have to act quickly to change the narrative to deflect the attention away from themselves and onto their opponents.

Same old same old.

Why was General Robin Rand promoted and put in charge of our nuclear missiles after he failed to report Texas shooter's crime to FBI?

From the story here in The Chicago Tribune:

The Air Force lapse in the Devin P. Kelley case, which is now under review by the Pentagon's inspector general, made it possible for him to buy guns before his attack Sunday at a church in Sutherland Springs, Texas. Twenty-six people were killed, including multiple members of some families. About 20 other people were wounded. ...

Federal law prohibited him from buying or possessing firearms after his conviction. But because it was never added to the FBI's database for background checks, Kelley was able to buy his guns.

Air Force records show Kelley initially faced charges of domestic violence for seven alleged incidents in 2011 and 2012. Five were withdrawn as part of a plea agreement, including two involving Kelley pointing a loaded gun at his wife. He pleaded guilty to striking, choking and kicking his wife and hitting his stepson "with a force likely to produce death or grievous bodily harm."

He was sentenced in November 2012 to one year in confinement and reduction in rank to E-1, the lowest enlisted rank. He was given a bad conduct discharge, which was carried out in 2014. The officer overseeing the case was Robin Rand, then a three-star general and now the four-star commander of Air Force Global Strike Command in charge of the service's bomber force and nuclear missiles.

Ninth Circuit temporarily reinstates Trump's travel ban, overruling Hawaii judge

Jonathan Turley reports, here.

GQ's Men of the Year: Sexual predators, wankers, queers, and now a $39 million traitor

I'll entertain the notion of the US Senate's integrity when it repeals Obamacare, builds The Wall, and cuts spending

Until then, STFU.

Wow, teen-tit-film Ted Cruz thinks Roy Moore is guilty until proven innocent

You remember "teen tit film" Ted, dontcha?

The Texas Senator is quoted here on Roy Moore:

“As it stands, I can’t urge the people of Alabama to support a campaign in the face of these charges without serious, persuasive demonstration that the charges are not true,” the Texas Republican told reporters, according to a Texas Tribune reporter.

Judge Roy Moore is no JFK, who when 45 actually boinked 19-year old Mimi Alford in The White House

What, Jewish Jerry Seinfeld gets to rob the cradle but not Bible-thumping Roy Moore?

In 1993 Jerry Seinfeld started dating this very fulsome 17-year old, Shoshanna Lonstein, when he was 39.

How quickly we forget.

Story here.

The weekend help at Drudge can't spell Philippines

I admit it, I still have to look that one up myself even after all these years.

Just in time for the Dec. 12 election in Alabama, WaPo comes up with a sex scandal involving candidate Roy Moore

The story, "Woman says Roy Moore initiated sexual encounter when she was 14, he was 32", is here.

The judge liked 'em young.

Security Theatre: TSA failure rate to detect weapons and explosives improves from 95% to 80%!

Way to go, Brownie! Or somebody.

From the story here:

When ABC News asked the source familiar with the report if the failure rate was 80 percent, the response was, “You are in the ballpark.” ... The news of the failure comes two years after ABC News reported that secret teams from DHS found that TSA failed 95 percent of the time to stop inspectors from covertly smuggling weapons or explosive materials through screening.

Duh: Employers are defiantly not raising wages, because they can get away with it when there are 4.6 million missing full-time jobs

Laugh of the Day: "Now there are only 32 states with Republican governors"

Seen in the comments to "Dems win from coast to coast" at The Hill.

The mice that roared.

The new governors of Virginia and New Jersey will be Democrats

Real Clear has called both races even though just 5% of the vote is in in New Jersey.

New Jersey is a flip, having been governed by Republican Chris Christie.

Virginia stays Democrat. Ed Gillespie loses another one, having run unsuccessfully for the US Senate previously and now for governor.

Comey's early FBI draft memos on Hillary in May 2016 called her "grossly negligent"

But by July she was just "extremely careless".

John Solomon for The Hill notes here that 

'The change is significant, since federal law states that gross negligence in handling the nation’s intelligence can be punished criminally with prison time or fines. ... “There is evidence to support a conclusion that Secretary Clinton, and others, used the email server in a manner that was grossly negligent with respect to the handling of classified information,” reads the statement, one of Comey’s earliest drafts from May 2, 2016.'

You know you're living in an upside down world when they're trying to put Flynn where Bergdahl ought to be

Bush 41 has now admitted voting for Hillary

Good thing his parachute jumping days are behind him. Could be more dangerous now.

Joy-Ann Reid is not too bright, except she does correctly intuit that there is no contradiction between economic liberalism and socialism, as Spengler once pointed out

New York Antifa demonstration fizzles on November 4th, only diehard commies show up

And it wasn't even raining.

From the story here:

[A] little more than 300 people showed up, according to NYPD officers tasked with securing it. Many of the signs Refuse Fascism had prepared sat stacked against a metal railing. Organizers handed out leaflets about the Revolutionary Communist Party, an older, radical group with ties to Refuse Fascism. Over a thousand people had previously committed to going to the November 4 protests on Facebook, and roughly five thousand had pledged interest, but when all was said and done, burgeoning leftist groups like Democratic Socialists of America (DSA), protest mainstays like Industrial Workers of the World (IWW) and the masked anarchists that had captured the imagination of people on the far right failed to attend.

Laugh of the Day: President Copafeel calls President Trump a blowhard

Ruh-roh, in his senile dotage 41 has also taken to feelin' up the ladies at photo-ops, hence the permanent shit-faced grin.

Story here.

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn't pay it and probably thought he never would. The personal exemption for a married couple in the original tax code was $4,000.

Today that $4,000 personal exemption adjusted for inflation using the Consumer Price Index amounts to about $100,000.

Even in 2016 that kind of income is made by fewer than 10% of individual wage earners. Under the original income tax of 1913, 90% today wouldn't have to worry about paying the dreaded income tax either.

Is there a way to return to this golden age of taxation?

I'm here to tell you that I think so, and I say that as a conservative. We could easily simplify the tax code by returning to the status quo which prevailed before the First World War, pay all the bills, abolish Social Security and Medicare taxes, the corporate income tax and all the other little irritating taxes and reduce income inequality in the process. We'd also save a lot of time and money wasted in complying with the tax code's myriad baroque features.

Here's the math.

In 2016 according to the Bureau of Economic Analysis personal income in the United States was $15.9287 trillion.

Social Security's Office of the Chief Actuary tells us that in 2016 there were 163.5 million individual wage earners. If you exempt the first $100,000 of everybody's individual wage income in 2016, including from the rich, you're talking about $6.213 trillion of individual wage income which would be tax-free.

That leaves $9.7157 trillion of personal income left in 2016 to tax, to pay all the bills.

According to The Tax Policy Center, the bills were the total estimated federal outlays of $3.9513 trillion in 2016.

So, the tax is 40.67% (9.7157 X .4067 = 3.9513) on all personal income in excess of $100,000 a year, no itemized deductions, no credits of any kind (this is where they all came from in the first place, because the rich pissed, moaned and complained and bribed the politicians to carve out privileges for them to escape paying).

The rich, all 14.9 million of them, will still have $7.2544 trillion to play with ($1.49 trillion from their first $100K tax-free, just like everybody else, and $5.7644 trillion left over after taxes from the income in excess of $100K).

The rest of us, 148.6 million, won't pay any federal income tax, Social Security or Medicare tax, gasoline tax, or any other kind of federal tax on our $4.723 trillion. The only taxes we'll have to pay will be State and Local Income Taxes, property taxes, sales taxes and the like. Of course rich people will have to pay those too, but that's a problem for all of us and for a different level of politics.

I summarize:

$15.9287 trillion personal income 2016 (BEA)

-  3.9513 trillion federal taxes, all from those making $100,000+ per year @40.67%

-  7.2544 trillion left over for the 14.9 million making $100,000+ per year (top 10%)

-  4.7230 trillion left over for the 148.6 million making less than $100,000 per year (bottom 90%)

___________________________________________________________________

0

And the budget balances.   

House Republicans won't allow floor amendments to tax reform, will ram it through instead

House Ways and Means Committee Chairman Rep. Kevin Brady, quoted here:

He also said that there would be no House floor amendments to the bill, and that changes would be made in his committee and potentially in a conference with the Senate down the road.

In all seriousness, Republican elimination of personal exemptions is just sleight of hand to raise your taxes

In 2017, the personal exemption is $4,050.

If your little tribe is six, mommy, daddy, and four kids, your personal exemptions add up to $24,300.

Add in the standard deduction for a married couple filing jointly of $12,700 and you are up to $37,000 shielded from taxation. (Itemize deductions instead and you might shield even more, but Republicans are proposing new limits on those, too).

The new Republican tax reform, however, eliminates the personal exemptions and caps all this at the new higher standard deduction of $24,000, thus exposing $13,000 to taxation that wouldn't have been exposed before. And you'll pay at a higher rate in the lowest bracket, too, which has been raised from 10% to 12%.

That's what's really going on here. The only way this benefits families is if those families are small. And, of course, small families implies something else: more immigration.

It's anti-American and anti-family, and in fact, it's inhumane. Taxes were always meant to be personal, and by eliminating personal exemptions for the first time in history the libertarians who wrote this bill are showing their purely materialistic hand.

You aren't a human being to them. You're merely capital.

Don't let them get away with this.

Republican elimination of personal exemptions gives me an idea for truly revolutionary tax reform

In 1913 when the income tax began there was no such thing as the standard deduction. That didn't come along until 1944.

The original income tax was a class tax, a tax on the wealthy, just as was the corporate tax instituted in 1909. From the beginning it came with a personal exemption of $3,000 and if you were married $4,000. Dependent exemptions didn't begin to be added until 1917, starting at $200.

Guess what the personal exemption of $4,000 would be in 2016, adjusted for inflation? $100,000. Times all the individual wage earners in America in 2016 $16.3 trillion would be exempt from taxation. In the third quarter of 2017, personal income in the United States wasn't even $16.5 trillion. 

In other words, the original personal exemptions of the tax code adjusted for inflation would exempt all current personal income from taxation, except for maybe $200 billion.

As far as I'm concerned, the government can have that.

Now that's what I call a tax reform.

Most Americans will be hoodwinked by Republican tax reform because they never do their own taxes

56% use a paid preparer, and 34% use tax software, according to figures reported here.

That means 90% of individual filers really have no idea how the numbers have worked in the past, and therefore they are most likely going to have not the slightest idea how the tax reform will change them.

I'm betting Republicans are counting on this as they try to rush this through by Thanksgiving.

Your goose is cooked, sir.

Republican tax reform includes a sneaky tax increase on itemizers, removing the personal exemption privilege

Josh Barro, here:

Currently, you get to take the personal exemption even if you also itemize deductions, but you get to take the standard deduction only if you forego itemized deductions. Combining these provisions into a single, standard deduction would mean itemizers lose their personal exemption and get nothing back — meaning they'll typically pay tax on an extra $4,050 of income if they're single, or $8,100 if they're married.

Total nonfarm jobs grow at the pathetic pace of 167,000 per month y/y in October 2017

PAYEMS

Ron Wyden: Republicans to let corporations deduct state and local income taxes but not individuals

The Democrat Senator is quoted here:

Senator Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee, said that Republicans were employing a double standard, giving corporations a better deal than individuals. ... “Corporations will still get to deduct their state and local taxes, but individuals and families won’t,” Wyden said.

The Republican tax reform is evil: It goes after the very young and the very old

Parents of large families no longer get dependent exemptions for their multiple children under the proposed Republican tax reform, thereby exposing more of their income to taxation, income which parents need to raise these future taxpayers. It's almost as if Republicans are trying to discourage giving birth to the future country.

And medical expenses are no longer a thing under the plan. It's mostly elderly people who rely on the deduction of medical expenses to keep solvent in old age, but the deduction also helps others who experience catastrophic medical expenses under high deductible plans or under no plan. It's almost as if Republicans want these people to suffer complete and utter penury because of medical necessity.

For the first time in my Republican life I'm having to consider that Republicans deliberately went after these two groups, the most vulnerable in our society. It's almost unthinkable after all these years that the pro-life party is nothing of the sort.

If stuff like that stays in the plan I'm going to be facing the prospect of having to consider seriously voting for the enemy.

Who knows. Maybe that's what Republicans want. They've become so liberal now maybe they want us to fulfill this very clearly expressed tax reform death wish by throwing them out of office.

Tax reform verdict: Big business likes the plan released today, the broad market just shrugged

The DOW gave a thumbs up . . .

. . . but the broadest measure of the market just shrugged.

Big business gets a tax rate cut to 20%, but pass-throughs only to 25%

Republicans are favoring established big businesses at the expense of smaller and independent businesses. In essence they are protecting the already successful from those who only dream of being as successful. Combine the loss of other deductions being eliminated under the tax reform proposal and pass-through filers will find that their big tax cut is not so big after all. 

"One rate for thee, but another for me".

From the story here:

The bill would lower the top rate for income from "pass-through" businesses from 39.6 percent to 25 percent. These businesses, which include some small businesses, otherwise have their income taxed through the individual code on their owners' returns. But NFIB [National Federation of Independent Business] says that most small businesses wouldn't qualify for the lower rate because of the way the new rate is structured.

Additionally, the bill as a default position would not allow income from personal services businesses, such as law and accounting firms, to be eligible for the 25-percent rate.

Republican war on itemized deductions eliminates medical expense deduction

From the story here:

Under current law, the IRS allows individuals to deduct qualified medical expenses that exceed 10 percent of a person’s adjusted gross income for the year. The bill would repeal that itemized deduction, effective in 2018.

This is part of The Swamp's incremental war against taxpayer deductions.

For decades the threshold was 7.5% of AGI. Then under Obamacare it became 10%. Now it's gone entirely.

These greedy bastards must be stopped.

CNBC's Jake Novak lets it slip that his libertarian hatred of single family homes has been aesthetic all along

Seen here, italics added by me:

Second we have perhaps the most controversial proposal: The plan to cap mortgage interest deductions for new home purchases at $500,000, but keep the rules as is for existing mortgages. This starts the long-needed process of eliminating a tax policy that mostly aided the rich and has aided America's ruinous and unsustainable suburban single-family home sprawl. 

Funny how so many Americans like to live in that suburban sprawl instead of in cities.

Funny also how they overwhelmingly vote Republican.

Funny Rush hasn't mentioned it lately, but his infamous "94 million eating but not working" are still there one year later

Looks like as much as 5,000 tons of US yellowcake were shipped by Uranium One to Canada and then on to Europe and Asia

From the story here:

NRC memos reviewed by The Hill show ... that it did approve the shipment of yellowcake uranium — the raw material used to make nuclear fuel and weapons — from the Russian-owned mines in the United States to Canada in 2012 through a third party. Later, the Obama administration approved some of that uranium going all the way to Europe, government documents show. ...

Rather than give Rosatom a direct export license — which would have raised red flags inside a Congress already suspicious of the deal — the NRC in 2012 authorized an amendment to an existing export license for a Paducah, Ky.,-based trucking firm called RSB Logistics Services Inc. to simply add Uranium One to the list of clients whose uranium it could move to Canada.

The license, reviewed by The Hill, is dated March 16, 2012, and it increased the amount of uranium ore concentrate that RSB Logistics could ship to the Cameco Corp. plant in Ontario from 7,500,000 kilograms to 12,000,000 kilograms and added Uranium One to the “other parties to Export.”

The move escaped notice in Congress. ...

The entire Uranium One episode is getting a fresh look after The Hill disclosed late last month that the FBI had gathered extensive evidence in 2009 — before the mine sale was approved — that Rosatom’s main executive in the United States was engaged in a racketeering scheme that included bribery, kickbacks, extortion and money laundering.

Climate update for Grand Rapids, Michigan, October 2017

Grand Rapids, Michigan, climate update for October 2017

Max Temp: Actual 82, Mean 79

Min Temp: Actual 28, Mean 28

Av Temp:   Actual 55.2, Mean 51.3, YTD Actual 54.06, YTD Mean 51.08

Precip:       Actual 9.69, Mean 2.98, YTD Actual 34.67, YTD Mean 29.26

CDD:         Actual 11, Mean 8, YTD Actual 719, YTD Mean 693

Average temperature is running 5.8% ahead of mean to date.

The warmest years on record here were considerably warmer at this stage.

In the warmest full year on record by average temperature, 2012, average temperature year to date was 55.84, 1.78 ahead of 2017 year to date and 9.3% ahead of mean to date.

In the second warmest full year on record, 1931, average temperature year to date was 54.35, 0.29 ahead of 2017 year to date and 6.4% ahead of mean to date.

In the third warmest full year on record, 1921, average temperature year to date was 56.00, 1.94 ahead of 2017 year to date and 9.6% ahead of mean to date. 

If you're among the 59% who think this is the lowest point in American history, you're a dumbass

In 2009 in Obama's America, nearly 30 million people filed first time claims for unemployment. That high point is the lowest point in recent memory. And if you can't remember that, you're either a moron, on drugs, or NINE.

Story here.

Yeah, Hillary and Harvey, they know who Trump is

Michael Savage interminably asks why no one will have him on their shows despite his many bestsellers

The answer is simple. He's a traitor to his tribe, which runs most of the shows, if not all of them.

The only reason itemized deductions are on the table is a minority of 30% of tax filers itemize

And when it comes to minorities, they're only as effective at protecting their interests as their lobbyists. We'll see how strong those lobbyists remain, but Republicans in the House and the Senate are clearly divided, and seem to have joined the side of the enemy. The latter aim to pitch deductibility of state and local income taxes, while the former aim to pitch deductibility of mortgage interest.

It's weird beyond odd that Republicans are having a war over tax deductions when they should be having a war over spending. Republicans used to be the "no new taxes" party, but have become the "no tax deductions" party instead, which means they're more interested in raising revenues than in cutting your taxes (which implies cutting spending).

Just 44.7 million itemized in 2015, out of 149.7 million returns.

Watch your wallets.

Discussed here.

Putin did not want Trump and $50 a barrel oil, Putin wanted Hillary and $120 a barrel oil

Seen here in the comments.

If you're having trouble summarizing the Russia mess so far, Pat Buchanan lays it out for you

Here:

Thus we have Free Beacon neocons, never-Trump Republicans, the Hillary Clinton campaign, the DNC, a British spy and comrades in Russian intelligence, and perhaps the FBI, all working with secret money and seedy individuals to destroy a candidate they could not defeat in a free election.

Laugh of the Day: "I'm not afraid to call myself a moderate"

Only in election season.

Senatrix Claire McCaskill, Missouri's arch feminist, here.

Strike Three and You're Out: Both National Associations, of Homebuilders and of Realtors, pull support from House tax plan

Trump looks set to be defeated on tax reform as 2017 winds down, just as he has failed to overturn Obamacare and build The Wall. And considering what the tax reform is looking like, it's just as well.

The tax plan as it stands this weekend eliminates the itemized deductions for mortgage interest and state income taxes, keeping only the deduction for property taxes.

Reported here:

[I]n a sign of the complex balancing act that [House Ways and Means Chairman Kevin] Brady must perform to produce a tax-overhaul bill this week, the property-tax announcement came on the same day that the National Association of Home Builders pulled its support for the legislation. The group’s chief cited concerns that the bill might undermine existing tax breaks that support the housing market. Likewise, a coalition that includes the National Association of Realtors said in an emailed statement that it “will vigorously oppose this plan.” ... It would appear that deductions for state and local income taxes and sales taxes would still be repealed under the planned House bill.

This is all the fault of our so-called conservatives in the US House. They aren't conservatives. They're doctrinaire libertarians who HATE people who want to get married, settle down and buy a house and have children. They view people as CAPITAL, whose value only decreases if it is too difficult to move them around at the whim of GLOBAL BUSINESS. That's why you'll never hear these people target the tax revenue lost to the lower capital gains and dividend tax rates, which are almost TWICE those lost to the mortgage interest deduction. These people are the enemies of localism and are instead the champions of the homogenization of society with its bland sameness everywhere. They are the ones who've shipped our jobs overseas and let in the tens of millions of immigrants who've further reduced our wages and opportunities.

One year from now you'll have another chance to send them packing.

I'll be voting for Mickey Mouse and Donald Duck before voting for a libertarian in 2018.

A cuck at Taki's Magazine falsifies some "moral equivalency" between Antifa and White Nationalism

From an "apocalyptic psychologist", here:

Lacking any higher values, and surrounded on all sides by the base and the untrue, white nationalists and diversity’s agents, Antifa and Black Lives Matter, understandably turn to violence—for at least it is real, a brutal assertion of something true in the midst of so much deception. Inspired by envy and pride, these groups all deserve one another, and the American public, relishing the opportunity to hate while appearing righteous, will delight in the evil spectacle.

The violence is all Antifa's, but hey, it takes a cuck to recognize cuckery in white nationalism, right? The truth is there is no white nationalist violence to speak of, let alone any white nationalism. One gets the impression for a moment that this cuckologist secretly isn't too happy about this. It's almost as if he's goading his readers with the unpleasant truth that, just like him, they're all just pussies.

Well, he is a Calvinist atheist.

White nationalism is pretty much a phenomenon limited to the internet's world of anonymous commenters, such as at Taki's. In the main the commenters there do a good job of giving voice to white identity, but most of the discussion ends up in arguments refighting every war ever fought and no one seems to be able to agree about much of anything important, including religion. Ardent Protestants and Catholics spar with each other, as do the theists with the atheists. The editors typically feature articles which tread right up to the line, creating the playground, but go no farther. Meanwhile the actual Party of Violence is threatening the real thing, the latest action being a nationwide event set to begin on Nov. 4.

We'll see how that goes. So far if it rains Antifa's legions have shown that they will find something better to do, so if the weather interferes, Nov. 4 may turn out to be just another bust no less than every demonstration of white nationalism has turned out to be a bust. In any case Antifa only makes its biggest splashes when the whites plan to show up to contest the field, so barring that I'm expecting nothing very remarkable on the first Saturday in November.

Besides, the nation's property owners, most of whom are white, have property to protect and keep busy doing just that. There are about 75 million owner-occupied single family homes in this country, occupied by 60% of the population. They look askance at anyone threatening that property, or the businesses in which they work or which they own, whether it's Black Lives Matter doing the rioting, burning and looting and killing the cops whose duty it is to protect that property, or any other group of hooligans promising this kind of trouble.

Until the lives and fortunes of these ordinary white Americans are at real risk, there will be no sympathy for movements claiming to fight on their behalf, despite what the alarmists at the Southern Poverty Law Center may tell you.

And from a theoretical point of view, ordinary whites have no sympathy either for those who only wish matters were so dire, or half-believe they really are. 

Just to refresh your memory about Paul Singer . . .

Paul Singer's pro-gay stooges were at the Republican National Convention in 2016 trying to get the platform language changed in that direction, but were rebuffed.

That's what Paul Singer is all about, the pro-gay agenda. He's donated millions of dollars to it. 

Byron York reports Washington Free Beacon confesses to funding opposition research with Fusion GPS

Here, about an hour ago:

Lawyers for the conservative publication Washington Free Beacon informed the House Intelligence Committee Friday that the organization was the original funder for the anti-Trump opposition research project with Fusion GPS. The Free Beacon funded the project from the fall of 2015 through the spring of 2016, whereupon it withdrew funding and the project was picked up by the Democratic National Committee and the Hillary Clinton campaign. ...

The Free Beacon was founded in 2012. Its founders included Michael Goldfarb, who has moved back and forth between conservative journalism, politics, and activism. The Free Beacon was originally part of a 501(c)(4) tax-exempt organization called the Center for American Freedom, but in 2014 became a for-profit organization. It has never revealed its ownership. Conservative billionaire Paul Singer, a major funder of the Free Beacon, strongly opposed Trump at the time of the opposition research project.

Laugh of the Day: "Fans are still angry about Kaepernick’s continued unemployment"

Sure they are, says the dumb ass right here.