One month ago, we speculated that in order to pass the GOP tax plan, Congress would end up having to raise the proposed corporate tax rate from 20% to 25%, because as it stands now, there is simply not enough sources of funding.
In the end corp tax will be agreed upon at 25% starting 2018, as per the Goldman plan
— zerohedge (@zerohedge) November 9, 2017
CNN Mounts New Attack On President Trump
Now that CNN’s fake news story of Russiagate has collapsed, this morning CNN is demanding Trump’s resignation as President on the basis of sexual harassment charges. The charges are suspect. Billionaires do not need to sexually harass women. Women are abundantly available to them.
Ever since it was signed into law in 2010, defenders of Obamacare have dismissed staggering surges in annual premiums by highlighting only the rates paid by those fortunate enough to receive subsidies. In fact, last year we wrote about Marjorie Connolly's, from Obama's Department of Health and Human Services, response to the Tennessee insurance commissioner's fear that the exchanges in his state were "very near collapse" after a staggering 59% premium surge:
5 months after President Trump Twitter-banned transgender people from the US military...
After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow......
— Donald J. Trump (@realDonaldTrump) July 26, 2017
As the House and Senate continue to try to reconcile their two versions of a tax plan, the taxing structure for pass-through entities (s-corps, LLC's, etc.) continues to be somewhat controversial, if not completely nonsensical. As we pointed out last week, the Senate bill somewhat randomly chose to exclude pass-through entities organized as family trusts from tax cuts which would ultimately leave them on the hook for much larger tax bills due to the elimination of other deductions.