• My Obamacare Fix Beats Alexander-Murray Bill

    My Obamacare Fix Beats Alexander-Murray Bill

    As two Senate lawmakers float yet another plan to fix problems with Obamacare, another wants to revisit legislation that he says would more substantially repeal the health care law.

    “Actually, we could have more coverage under Graham-Cassidy than under the status quo,” Sen. Bill Cassidy, R-La., said Wednesday at an event hosted by online media company Axios, referring to the bill he co-authored with Sen. Lindsey Graham, R-S.C.  “For example, if you actually think about what we proposed, we would allow states to do so-called ‘automatic enrollment.’ You’re in, unless you’re out.” READ MORE...

  • House Conservative Leader Calls Obamacare Bailout Bill ‘Unacceptable’

    House Conservative Leader Calls Obamacare Bailout Bill ‘Unacceptable’

    The latest attempt at a legislative fix to Obamacare was met with a mixture of hesitance and outright opposition by Republicans who have repeatedly vowed to pass a comprehensive repeal and replace bill.

    A bipartisan bill, which was introduced Tuesday by Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., would temporarily reinstate the federal payments to insurers that President Donald Trump cut off days ago and, in a nod to Republicans, would allow states limited flexibility in offering cheaper, less comprehensive plans. READ MORE...

  • Trump Says ‘I Can’t Support Bailing Out’ Insurance Companies Profiting From Obamacare

    Trump Says ‘I Can’t Support Bailing Out’ Insurance Companies Profiting From Obamacare

    President Donald Trump said Wednesday that he could not support the bipartisan proposal to shore up Obamacare and stabilize the health insurance markets through 2019.

    “I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co’s who have made a fortune w/ O’Care,” the president tweeted Wednesday morning.

    I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co’s who have made a fortune w/ O’Care. READ MORE...

  • The Facts About Who Pays the Most in Taxes in America

    The Facts About Who Pays the Most in Taxes in America

    Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation.

    Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich.

    Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share?

    According to the latest IRS data, the payment of income taxes is as follows.

    The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes. READ MORE...

  • As Trump Renegotiates NAFTA, Intellectual Property Rights Should Top the Agenda

    As Trump Renegotiates NAFTA, Intellectual Property Rights Should Top the Agenda

    It now appears that President Donald Trump’s intention regarding the North American Free Trade Agreement is to mend it, not end it.

    That’s good news because the trade deal has been a stunning economic success for Canada, Mexico, and the United States. Freer trade has meant steady increases in the volume of trade, greater competitiveness, and lower prices.

    But as Trump’s negotiators craft a NAFTA 2.0 deal, some things need to be fixed to assure America’s continued commanding heights in technology and innovation. Intellectual property rights—patents, copyrights, and so on—need to be better safeguarded. READ MORE...

  • Tax Reform 'Will Lift Our People From Welfare to Work'

    Tax Reform ‘Will Lift Our People From Welfare to Work’

    President Donald Trump promoted his tax reform plan at The Heritage Foundation’s President’s Club, and also touted American values, the Constitution, and “God-given rights.”

    “We will lift our people from welfare to work, from dependence to independence, and from poverty to total beautiful prosperity,” Trump told an audience of about 1,000 people Tuesday night gathered at the Marriott Marquis in Washington.

    “Our tax plan will ensure that companies stay in America, grow in America, and hire in America,” the president said. “At the heart of our plans is a tax cut for everyday working Americans.” READ MORE...

  • Trump’s Hard Line on Border Uncuffs Enforcers, ICE Chief Says

    Trump’s Hard Line on Border Uncuffs Enforcers, ICE Chief Says

    Enforcing laws already on the books helps significantly to fix the illegal immigration crisis, the acting director of U.S. Immigration and Customs Enforcement said Tuesday.

    “If we keep sending this message, ‘It’s OK to violate the laws of this country and … not be worried about enforcement,’ then we’re never going to solve the border crisis,” ICE’s Thomas Homan said in a speech at The Heritage Foundation.

    “It’s never going to be solved as long as people think they get a free pass,” Homan said. READ MORE...

  • Here's How the Tax Code Helps Rich Taxpayers in Big Government States Pay Less

    Here’s How the Tax Code Helps Rich Taxpayers in Big Government States Pay Less

    As Congress works on tax reform, it is worth noting how politicians and interest groups use the code for their benefit often at the expense of others.

    Some of the worst abusers are the states.

    One of the most overlooked issues with federal tax policy is how states exploit federal deductions to underwrite their spending and paper over higher tax rates.

    Under current laws, taxpayers have the ability to deduct state and local income and property taxes from their income when filing their federal taxes.

    So if a person making $250,000 a year pays $26,000 in state and local taxes and donates $14,000 to charity, he could deduct $40,000 from his salary. This person would pay taxes on only $210,000. READ MORE...

  • War on the Electoral College Shows That Progressives Don’t Care About Middle America

    War on the Electoral College Shows That Progressives Don’t Care About Middle America

    “The Right Side of History” is a podcast dedicated to exploring current events through a historical lens and busting left-wing myths about figures and events of America’s past. 

    On the inaugural episode, hosts Jarrett Stepman, a contributor to The Daily Signal, and Fred Lucas, The Daily Signal’s White House correspondent, discuss the recent calls to abolish the Electoral College and throw presidential elections to a national popular vote.

    They are joined by Heritage Foundation senior legal fellow Hans Von Spakovsky, who explains why the Founders created our electoral system and how the 2016 election actually shows that it works. READ MORE...

  • GOP Tax Reform Could Boost Household Income by $4,000

    GOP Tax Reform Could Boost Household Income by $4,000

    A study released Monday by the president’s Council of Economic Advisers found that congressional Republicans’ tax reform framework would produce thousands of dollars in income growth for American households.  

    “Reducing the statutory federal corporate tax rate from 35 [percent] to 20 percent would … increase average household income in the United States by, very conservatively, $4,000 annually,” says the report from the advisory agency within the Executive Office of the President.

    Income increases could reach as much as $9,000, according to the report.   READ MORE...

  • Trump Nominee Poised to Be Point Man on Draining Government Swamp

    Trump Nominee Poised to Be Point Man on Draining Government Swamp

    President Donald Trump’s nominee to run the federal government’s bureaucracy could be a key player in reforming it, and in keeping the president’s campaign pledge to “drain the swamp.”

    “We don’t see any major draining of the swamp with the massive bureaucracy,” Robert Moffit says.

    Trump last month nominated Jeff Tien Han Pon, 47, to be director of the Office of Personnel Management, the government’s human resources agency. Pon served in the administrations of both President Bushes—with jobs in the White House, OPM, and Energy Department—and held information technology and human resources positions in several private companies. READ MORE...

  • The IRS, the Rich, the Nanny State, Republicans, Trump, and Tax Reform

    The IRS, the Rich, the Nanny State, Republicans, Trump, and Tax Reform

    Editor’s note: As you probably noticed, The Daily Signal has made tax reform a focus of our coverage and commentary. Here is some of what you’ve had to say on the topic in recent weeks. Be sure to write us at letters@dailysignal.com—Ken McIntyre

    Dear Daily Signal: Regarding Rachel del Guidice’s story about the family of ranchers in North Dakota, I am a land surveyor and I get involved in forced sales because they need a survey to transfer property (“Tax Reform a ‘Big Deal’ to Mom Who Wants to Keep Ranch in the Family”). READ MORE...

  • Senate Republicans Blamed for Stalled Confirmation of Trump Nominees

    Senate Republicans Blamed for Stalled Confirmation of Trump Nominees

    President Donald Trump has not been able to fully implement his agenda, in no small part because the Senate is not confirming his nominees, conservatives say, urging the Republican Senate leadership to prioritize and expedite the confirmation process.

    The Conservative Action Project, in an Oct. 10 memo, noted that Trump has had fewer executive branch nominees confirmed than former Presidents George W. Bush and Barack Obama at the same point in their first terms in office.

    It says that Bush had 358 of 610 nominations confirmed by now, and Obama had 341 of 505 nominees approved. The comparable figures for Trump are 161 of 398. READ MORE...

  • Christian Baker in Colorado Asked to Make ‘Birthday Cake’ for Satan

    Christian Baker in Colorado Asked to Make ‘Birthday Cake’ for Satan

    The Christian baker in Colorado who was sued for declining to make a cake for a same-sex couple’s wedding reception received a strange request last month: Design and bake a cake celebrating Satan’s birthday.

    “I would like to get a quote on a birthday cake, for a special event,” the email request to baker Jack Phillips, sent Sept. 30 and exclusively obtained by The Daily Signal, reads. It continues:

    It is a cake that is religious in theme, and since religion is a protected class, I am hoping that you will gladly bake this cake. As you see, the birthday cake in question is to celebrate the birthday of Lucifer, or as they [sic] are also known Satan who was born as Satan when he was cast from heaven by God. READ MORE...

  • Trump to Make Case for Tax Reform in Heritage Foundation Speech

    Trump to Make Case for Tax Reform in Heritage Foundation Speech

    President Donald Trump will speak Tuesday at an annual meeting of Heritage Foundation members in Washington. Trump is expected to promote his tax reform proposal, the top legislative priority for the White House.

    Trump and Republicans in Congress have made overhauling the tax code their focus for the remainder of 2017. Since August, Trump has delivered a series of speeches across the country touting the benefits of tax relief for middle-class Americans.

    Tuesday night’s address to a gathering of Heritage’s President’s Club will continue on that theme. It will be Trump’s first speech at an event held by The Heritage Foundation, which previously has hosted Presidents Ronald Reagan, George H.W. Bush, and George W. Bush. READ MORE...

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