Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American people’s tax burden.
Over the weekend we pointed out how the German media perceived the new US President with Der Speigel's highly controversial cover depicting President Trump beheading the Statue of Liberty, calling on Germany “to build an alliance” against the US leader. Not exactly subtle...
On Monday evening, a Federal Appeals Court announced that the legal showdown with the Trump Administration will take place on Tuesday evening around 6pm, when the 9th U.S. Circuit Court of Appeals will hear oral arguments on whether to restore President Trump’s executive action on immigration and refugees. Oral arguments will be made by phone, with each side getting 30 minutes of argument time. A recording of the call will be made public after the hearing.
Overnight we reported that Germany's default swaps spiked to the highest level since Brexit as a recent poll showed that Merkel's lead in the polls had slid to multi-year lows ahead of Germany's elections later in the year, provoking some concerns that a formerly unthinkable "tail risk" outcome was becoming more likely. However, according to new data unveiled today, Merkel's headaches are only just starting, because in a brand new poll released this afternoon, the CDU would get 30% of the vote, while the suddenly resurgent SPD would get 31%.