House Gives Final Approval to Sweeping Tax Overhaul
WASHINGTON — The House, forced to vote a second time on the $1.5 trillion tax bill, moved swiftly to pass the final version on Wednesday, clearing the way for President Trump to sign into law the most sweeping tax overhaul in decades.
House lawmakers approved the tax bill 224 to 201 on Wednesday, after being forced to vote on the bill again after last-minute revisions were made to it in the Senate, which passed the measure 51 to 48 early Wednesday morning.
The final House vote was essentially a formality, as the changes, which were made to comply with Senate budget rules, did not significantly alter the overall bill. But the need for a second vote gave ammunition to Democrats, who had already accused Republicans of trying to rush the tax overhaul through the House and Senate.
“We are five days away from Christmas, but it feels like Groundhog Day,” said Representative Louise M. Slaughter, Democrat of New York, who denounced the process by which Republicans undertook their tax rewrite as “nothing short of an abomination.” READ MORE Read more
When President Trump adds his distinctive signature to the tax bill, he will also be making a huge bet that the Republican strategy of deep cuts for businesses and wealthy individuals will fuel extraordinary growth across the board.
Perhaps more than any other American political leader, Mr. Trump knows that long shots, like his own presidential bid, sometimes pay off. In that vein, he and congressional Republicans are arguing that their bitterly contested and expensive rewrite of the tax code will ultimately create more jobs and raise wages.
If they are proved correct, they will be repudiating not only historical experience, but most experts. From Congress’s own prognosticators to Wall Street’s virtuosos, scarcely any independent analyses project anything like the rosy forecasts offered by the president’s top economic advisers.
To Mr. Trump and his allies, the normal models just do not fully capture the high-octane “rocket fuel” embedded in the tax plan. Mr. Trump intuitively understands just how much attitudes and expectations can shape economic decisions.
With a businessman in the White House, Mr. Trump argues that companies, large and small, have a renewed faith in the economy. And the corporate tax cut, combined with the rollback in regulation, will prompt waves of new investment and hiring, as middle-class Americans liberally spend the extra money in their pockets. Read more
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37 Percent Rate Increase In 2018
Are you ready to pay 37 percent more for health insurance in 2018? Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country. I wrote about the steady erosion of the middle class yesterday, and health insurance is one of the main reasons why the cost of living is increasing at a much faster rate than our paychecks are. It greatly frustrates me that we have given the Republicans control of the White House, the Senate and the House of Representatives and Obamacare still has not been repealed. The truth is that should have happened on day one of the Trump presidency. (Read More…) Read more
The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt. Over the past decade, the national debt has been growing at a rate of more than 100 million dollars an hour, and this is a debt that all of us owe. When you break it down, each American citizen’s share of the debt is more than $60,000, and so if you have a family of five your share is more than $300,000. And when you throw in more than 6 trillion dollars of corporate debt and nearly 13 trillion dollars of consumer debt, it is not inaccurate to say that we are facing a crisis of unprecedented magnitude. (Read More…) Read more
90 percent Of What You Watch On Television
How much is your view of the world shaped by what you see on television? On average, Americans spend more than 150 hours watching television every month, and it is called “programming” for a reason. If you allow anyone to pour ideas and information into your mind for five hours a day, it is going to change how you look at reality. Everyone has an agenda, and every single news program, television show and movie is trying to alter your views. Sadly, our society has become absolutely addicted to media, and the mainstream media is completely dominated by the elite. In fact, about 90 percent of the programming that comes through your television is controlled by just 6 gigantic media corporations. Most of us are willingly plugging ourselves into this “propaganda matrix” that is completely dominated by the elite for several hours each day, and that gives them an enormous amount of power over the rest of us. (Read More…)
How The Elite Dominate The World
Once we wake up to how the game is being played, then we will have a real shot at changing things. For decades, the elite have been pulling the strings behind the scenes in both major political parties. That is why nothing has ever seemed to change very much no matter which party has been in power. The agenda of the elite has always seemed to march forward, and ordinary people like us have always been frustrated that we can’t seem to make a difference. But now a shift seems to be taking place. Donald Trump took on the establishment in both major parties, and he miraculously won the presidency. Down in Alabama, the elite spent more than 30 million dollars to defeat Roy Moore, and he still defeated Luther Strange. A political awakening is taking place, and I can’t wait to see what happens during the mid-term elections in 2018. (Read More…) Read more
It is now practical to refuel electric vehicles through thin air
A WISE driver keeps an eye on the fuel gauge, to make timely stops at filling stations. For drivers of electric cars, though, those stations are few and far between. The infrastructure needed for refilling batteries has yet to be developed, and the technology which that infrastructure will use is still up for grabs. Most electric cars are fitted with plugs. But plugs and their associated cables and charging points bring problems. The cables are trip hazards. The charging points add to street clutter. And the copper wire involved is an invitation to thieves. Many engineers would therefore like to develop a second way of charging electric vehicles—one that is wireless and can thus be buried underground.
Electrical induction, the underlying principle behind wireless charging, was discovered by Michael Faraday in 1831, and is widely used in things such as electric motors and generators. Faraday observed that moving a conductor through a magnetic field induced a current in that conductor. Subsequent investigations showed that this also works if the conductor is stationary and the magnetic field is moving. Since electric currents generate magnetic fields, and if the current alternates so does the field, an alternating current creates a field that is continuously moving. This means that running such a current through a conductor will induce a similar current in another, nearby, conductor. That induced current can then be used for whatever purpose an engineer chooses.