How Cutting Taxes Creates Revenue

On November 16th, Hot Air posted an article about the impact of the Trump tax cuts on government revenue. As I am sure you remember, the Democrats called the tax cuts on individuals ‘crumbs’ and swore that the tax cuts would bankrupt the country. Well, that’s not exactly what happened.

The article reports:

Unemployment is at an historic low. Employment is at an all-time high. Wagers are growing after years of stagnation.

And now from all that increased economic activity, the federal government has just reported historic record tax revenues in October, the first month of the new fiscal year, of $252,692,000,000.

That’s more than $11.4 billion above revenue for October of last year, which was the previous record tax revenue for an October.

And it did this by collecting more than $3 billion less in personal income taxes, thanks to the tax cuts.

The new revenues were the result of increased business taxes because of increased business. Here’s how much different it was:

Corporation income tax receipts to the U.S. Treasury this year in October were a whopping $8,000,000,000. This compares to the previous October’s $3.8 billion.

Despite the record tax revenues in October, the federal government ran a deficit of $100.5 billion that month because, spending. That’s a problem that newly-elected members of Congress such as Indiana’s senator-elect Mike Braun, a businessman, said would be a major target in 2019.

The thing to remember here is that as unemployment decreases, government spending should also decrease. Unfortunately Congress did not get the message. Our problem is not the revenue–the problem is the spending. If either party were serious about curbing government spending, it would have been done by now. Obviously they are not. There are a few members of the Republican party who have been trying to put the brakes on runaway spending for years, but they are either not trying very hard or they are ineffective. At any rate, we need to elect Congressmen (regardless of party) who will pledge to bring the spending under control. It does no good to increase the revenue if the spending increases right along with it.

What Happens When People Don’t Forgive

A think more than half of the political and violence problems in today’s world could be solved by simple forgiveness and an effort by both sides to get along. I am not naive enough to think that could happen, but I think it is a great idea. As people, some of us seem to spend a lot of time hating people and holding grudges. The current situation in South Africa is an example of what can happen when vengeance is more important than dialog and compromise.

The Gateway Pundit posted an article yesterday about a recent statement by Julius Malema, leader of the Economic Freedom Fighters.

The article quotes Mr. Malema:

We want to send a strong message to USA authorities just like we did with the Australian authorities. Stay out of South Africa’s domestic updates. South Africa is a post colonial country – with deep inequalities that were long designed by apartheid and colonialism. Our land appropriations program seeks to realize the idea of equality and human dignity. Through land expropriation we’re pushing the white people to share their land which was gained through a crime against humanity… Be that at it may, we must put it on record that Donald pathological liar Trump we’re not scared of you and your USA or Western imperialist forces… Donald Trump is not saying anything we haven’t heard from white people. In all the years I’ve been on record and said I’ve still to meet a white person who supports expropriation of land without compensation. So why are you shocked?… As for Donald Trump, I don’t have time for this nonsense. I expected this.

So let’s take a look at this statement. He is stating that white people don’t like their land taken from them without compensation. Guess what–no one likes their land taken from them without compensation. The stealing (that’s what it is) of land without compensation will not solve the problem–it will only cause more hatred and division. Why is this man calling the West imperialistic when he is the one stealing land without compensation? It also should be noted that the policy of taking land without compensation eliminates private property rights. Mr. Malema does not understand the private property rights are the key to prosperity for a country (see article here). If he truly wants to see South Africa prosper, he needs to respect private property rights. Negotiating a settlement between white farmers and black South Africans might be a much better path in the long run than the one he is taking now.

It is obvious that this will not end well. Mr. Malema is only continuing a cycle of wrongdoing which will be followed by more wrongdoing. There is a peaceful solution to this problem if only those intent on stealing land would be willing to consider it.

When The Stories Just Don’t Add Up

Kimberley Strassel posted an article yesterday about Mr. Downer. Mr Downer is a conservative politician who was Australia’s longest-serving foreign minister (1996-2007) and is also a former Australian ambassador to the U.K. Mr. Downer’s conversation with 28-year-old fourth-tier Trump adviser, George Papadopoulos, is supposedly what triggered the mess we know as the Mueller investigation.

There are, however, some serious problems with that premise.

The article lists a few of those problems:

When Mr. Downer ended his service in the U.K. this April, he sat for an interview with the Australian, a national newspaper, and “spoke for the first time” about the Papadopoulos event. Mr. Downer said he officially reported the Papadopoulos meeting back to Australia “the following day or a day or two after,” as it “seemed quite interesting.” The story nonchalantly notes that “after a period of time, Australia’s ambassador to the US, Joe Hockey, passed the information on to Washington.”

My reporting indicates otherwise. A diplomatic source tells me Mr. Hockey neither transmitted any information to the FBI nor was approached by the U.S. about the tip. Rather, it was Mr. Downer who at some point decided to convey his information—to the U.S. Embassy in London.

However, that is not the way things are normally done. The article notes that The U.S. is part of Five Eyes, an intelligence network that includes the U.K., Canada, Australia and New Zealand. The agreement among these countries is that they share intelligence information. Under the Five Eyes agreement, Mr. Downer was obligated to share information with Australia and let them deal with it. Obviously, that is not what he did.

The article explains the significance of that:

So if Australian intelligence did receive the Downer info, it didn’t feel compelled to act on it.

But the Obama State Department did—and its involvement is news. The Downer details landed with the embassy’s then-chargé d’affaires, Elizabeth Dibble, who previously served as a principal deputy assistant secretary in Mrs. Clinton’s State Department.

When did all this happen, and what came next? Did the info go straight to U.S. intelligence? Or did it instead filter to the wider State Department team, who we already know were helping foment Russia-Trump conspiracy theories? Jonathan Winer, a former deputy assistant secretary of state, has publicly admitted to communicating in the summer of 2016 with his friend Christopher Steele, author of the infamous dossier.

The more we learn, the more questionable this story gets. Please follow the link above to read the entire article. It is becoming obvious that the entire Russian investigation had only one purpose–to remove a duly-elected President. That is called sedition.

And The Lies Keep Coming…

Yesterday the Daily Caller posted an article with the headline, “Media Outraged After Trump Tricks Them To Cover Endorsements From Military Heroes.” The story explains that the media went to the Trump International Hotel expecting Donald Trump to take questions about whether he still questions President Obama’s birthplace. The media is trying very hard to make this an issue in the Presidential campaign (to illustrate that Donald Trump is not a good candidate?). When they got to the press conference, they were treated to a barrage of military endorsements for Trump. It wasn’t what they wanted or expected.

The article reports:

At the very end of the campaign event, Trump finally addressed the topic the media was there to hear. “Hillary Clinton and her campaign of 2008 started the birther controversy. I finished it.”

President Barack Obama was born in the United States,” Trump said. “Period. Now we all want to get back to making America strong again.”

Many reporters, some standing on chairs, began shouting questions over the applause from the guests in attendance. But Trump, having accomplished what he wanted, took none.

Meanwhile, the media has tried very hard to hang the birther controversy on Donald Trump. Unfortunately, the age of google searches has made that impossible.

Yesterday Breitbart reported the following:

The mainstream media, from Bloomberg News to MSNBC to Politico to the Washington Post and more, have all confirmed: Hillary Clinton’s failed 2008 campaign for president did substantially further the birther movement.

…It’s not just Hannity, who’s opposed to Clinton’s election and is a supporter of GOP presidential nominee Donald J. Trump, who has confirmed that Clinton’s 2008 campaign and its allies pushed this.

In fact, Politico, in 2011, published a piece from two of its top reporters at the time—Ben Smith and Byron Tau, who have gone on respectively to BuzzFeed and the Wall Street Journal—specifically detailing how the Clinton campaign was behind birther rumors spreading.

The birther thing is something the media tried to use to attack Donald Trump. It is totally irrelevant at this point. The problem is that most of President Obama’s personal records remain sealed–even after almost eight years in office. That is unusual. That is actually why the birther controversy has continued–there are some genuine questions about some documents relating to President Obama. The mainstream media is getting desperate. They have lost any objectivity or credibility that they might have had. This election will probably mark the end of their influence on the majority of Americans.

The article at Breitbart concludes:

“With Clinton’s 2008 campaign manager admitting on national television and on Twitter that they promoted the rumors surrounding now-President Obama’s heritage, Mr. Trump has been fully vindicated,” Miller (Trump campaign senior communications adviser Jason Miller) said. “Not only was a Clinton campaign worker blamed and fired over the activity, we have now been informed that Secretary Clinton was aware of what was going on, with Clinton’s campaign manager even apologizing to Obama’s campaign manager. This still does not explain why Hillary Clinton failed to fire her chief strategist Mark Penn on the spot over the memo he sent her advocating she portray Obama as ‘fundamentally’ foreign. Hillary Clinton didn’t tell the truth about her emails and she didn’t tell the truth about her campaign’s role in pushing these rumors in 2008. This pattern is never going to change, and it’s why nobody trusts Hillary Clinton.”

There will be people who will vote for Hillary Clinton regardless of how many lies she tells. That is their privilege. It is my hope, however, that Americans are tired of the lies that surround Hillary and her campaign and will make a different choice.