Trump Trade Wars A Perfect Smokescreen For A Market Crash

This article was originally published by Brandon Smith at Alt-Market.com

First, I would like to say that the timing of Donald Trump’s announcement on expansive trade tariffs is unusual if not impeccable. I say this only IF Trump’s plan was to benefit establishment globalists by giving them perfect cover for their continued demolition of the market bubbles that they have engineered since the crash of 2008.

If this was not his plan, then I am a bit bewildered by what he hopes to accomplish. It is certainly not the end of trade deficits and the return of American industry. But let’s explore the situation for a moment…

Trump is in my view a modern day Herbert Hoover. One of Hoover’s first actions as president in response to the crash of 1929 was to support increased tax cuts, primarily for corporations (this was then followed in 1932 by extensive tax increases in the midst of the depression, so let’s see what Trump does in the next couple of years).  Then, he instituted tariffs through the Smoot-Hawley Act. His hyperfocus on massive infrastructure spending resulted in U.S. debt expansion and did nothing to dig the U.S. out of its unemployment abyss. In fact, infrastructure projects like the Hoover Dam, which were launched in 1931, were not paid off for over 50 years. Hoover oversaw the beginning of the Great Depression and ended up as a single-term Republican president who paved the way socially for Franklin D. Roosevelt, an essential communist and perhaps the worst president in American history.

This is not to say Hoover was responsible for the Great Depression. That distinction goes to the Federal Reserve, which had artificially lowered interest rates and then suddenly raised them going into the economic downturn causing an aggressive bubble implosion (just like the central bank is doing right now). But Hoover did actually aid the Fed in their undermining of economic stability by pursuing policies which were poorly timed.

I’m hitting readers with all of this because I am growing rather tired of the contingent of Trump apologists in the liberty movement scrambling to defend every single Trump action no matter how illogical. These people should know better. Sorry, but Trump is not “playing 4D chess” against the globalists. His primary actions have only served so far to create a useful distraction away from the globalists.

The disturbing key to all of this is the fact that many of Trump’s policies are things that I and many others have argued for in the past. The problem is, he is implementing them out of order and with bad timing, which will only make such policies appear destructive in the end, rather than constructive.

In terms of the implementation of tariffs, the people who are defending this action at this time do not seem to understand the basics of international trade. Tariffs can only be enacted from a position of economic strength and resource development. This strength comes from internal self-sufficiency in production; meaning, in order for the U.S. to force a trade balance (which is what tariffs are supposed to do) the U.S. must have a strong industrial base and MUST be capable of producing most if not all necessary goods and goods in broad demand.

The fact is, U.S. manufacturing has been utterly outsourced by the very corporations Trump just gave a 10% tax cut to, and rebuilding that industrial base would take decades. Why? Because there are no incentives for corporations to bring manufacturing back.

As I already stated, Trump is instituting potentially solid policies but he is doing so out of order. Tax cuts for corporations should have been enacted only as an incentive for manufacturing jobs to be returned to America. Instead, corporations got tax cuts for absolutely nothing. And will those tax cuts go towards more jobs or innovation? Nope. They will be going to pay off unprecedented corporate debts, and stock buybacks, most of which were accrued through borrowing from the Federal Reserve.

Will this stock buyback bonanza even generate new highs in the Dow? Probably not. But I’ll explain why that is later.

If Trump had given tax incentives for corporations to bring manufacturing back into the U.S., and then given those corporations a few years to make the shift, only then would tariffs have been an effective action. But as the situation stands now, we have minimal tangible production in this country, and, historic debts held by the same overseas competitors that Trump is now seeking to “teach a lesson.”

Debt is the next issue which needs to be addressed before tariffs can ever be implemented in a practical way. In terms of national debt, rather than setting up a plan to reduce U.S. debt expenditures, Trump is increasing debt by reducing taxes while at the same time increasing spending. Trump did not take a hard stand on the debt ceiling debate as he originally claimed he would, and so, the debt train continues unabated.

Who is going to purchase this debt, I wonder? Over the past several years the largest buyer of U.S. treasury debt was the Federal Reserve through fiat money creation. Now, the Fed has tapered quantitative easing and is dumping their balance sheet at a rate faster than anyone expected. The Fed is pulling the plug on its artificial support of the economy.

The next largest buyers are major foreign central banks in countries like China, Japan and to some extent the supranational EU. If the debt buyers of last resort are now the very same countries Trump is seeking to enact tariffs over, how do you think this little theater will end? Yes, with a dump of U.S. treasury bonds and perhaps the dollar as world reserve by those nations.

But what about the U.S. consumer? Isn’t the consumer market in America so enticing that nations like China would “never dare” dump U.S. debt or the dollar? No, not really. If we are talking about a trade “war,” then a country like China, which has a vast manufacturing base and which has also been building up its own domestic consumer market, would be willing to make the sacrifice. America would be hurt far more by the threat of debt default and the loss of the dollar’s international buying power than China ever would be by the loss of American consumers. With tariffs being implemented, they may lose the American consumer anyway.

Our retail market is hardly as appetizing as it was 10 years ago given the decade of drudgery Americans have endured, with the largest number ever of working age citizens no longer participating in the jobs market, as well as real worker wages in continued decline while the American consumer is now more indebted than at any other time in history.

All of these negative effects are weighing down our economy while the Federal Reserve is quickly deflating the fraudulent markets that the establishment used during the Obama administration to argue that America was “in recovery.” Of course, alternative economists have known since the beginning that this was a lie, and that the only thing propping up the economy and stock markets was central bank manipulation.

The Fed under Jerome Powell has made it crystal clear that they WILL be raising interest rates and cutting the Fed balance sheet, perhaps more than their dot plots had indicated in the past. Without low rates and a steadily rising balance sheet we have already seen the results. Stocks in particular have gone crazy compared to the past few years, dumping nearly 10% one week, spiking about half that the next week. One thing is certain, the supposedly endless bull market induced by the Fed years ago is now over. Stocks are in heart attack mode.

It is no coincidence that the first two times the Fed reduced its balance sheet the Dow plunged over 1,000 points. The latest dump of $23 billion at the end of February resulted in a drop of around 1,500 points. It is too early in this process to know what the trend will be, but it seems to me that stocks are being steam valved down every month. With a marked decline just after a balance sheet dump, followed by a less impressive dead cat bounce the week after.

In the meantime, Trump’s “trade war” is now being blamed in the mainstream for the decline in stocks that the Fed is actually responsible for. As I have always said, Trump is the ideal scapegoat for the inevitable economic crisis the central bankers have staged. Trump’s tariffs might exacerbate the problem, just as Hoover’s policies did in the beginning of the Great Depression, but the blame rests squarely on the Federal Reserve and central banks around the world. Will the average person understand this dynamic once the dust settles on our financial system? Probably not.

So, to summarize, while Trump has indeed set in motion policies that conservatives in general tend to approve of, he has done so in an impractical way that will ultimately be blamed for a market crash the Fed created. If conservative ideals such as limited government and sovereign trade protection get the blame for an unprecedented economic crisis then this could sabotage conservatism for generations to come. If elections are still even a factor as this crisis unfolds, the chances of the public accepting a socialistic nightmare regime after Trump exits the White House are high. And, the banking elites that conjured the whole mess will escape once again without any punishment.

The question we must ask is this – Is Trump aware that his policies are creating a perfect distraction for those same banking elites? I believe we will know for certain the answer to that before 2018 is over.

***

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You can contact Brandon Smith at: brandon@alt-market.com

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Is Washington Nuts? Increasing Spending AND Cutting Taxes Will EXPLODE The Size Of The National Debt

This article was originally published by Michael Snyder at The Economic Collapse

Our national debt is rapidly approaching 21 trillion dollars, and yet Congress wants to follow up a large tax cut bill with a massive increase in federal spending. This is absolute madness, and it is going to make our long-term financial problems as a nation far worse. After passing the tax bill, the appropriate thing to do would have been to cut federal spending. Yes, that would have not been a positive thing for the economy in the short-term, but we must start addressing our long-term priorities. If we do not do something about this exploding national debt, it could potentially destroy our republic all by itself.

Earlier today, I was absolutely horrified when I learned of a budget deal in the Senate that would increase federal spending by about 200 billion dollars in each of the next two years…

The Senate’s Republican and Democratic leaders unveiled a sweeping two-year budget agreement on Wednesday that would increase federal spending by hundreds of billions of dollars on domestic and defense programs alike.

That deal would eliminate strict budget caps, set in 2011 to reduce the federal deficit, and would allow Congress to spend about $200 billion more in the current fiscal year and in fiscal year 2019.

Seriously?

Our federal debt is going to hit 21 trillion dollars some time this year, and they want to throw hundreds of billions of dollars more spending on top of what we are already doing?

This alone is why we need true conservatives all over the nation to run for Congress. Our endless greed is literally destroying the bright future that our children and our grandchildren were supposed to have.

I don’t know if I even have the words to describe how foolish our leaders are being. If interest rates on government debt were to return to their long-term averages, the game would already be over. We should be desperately attempting to get our financial house in order, but instead we are spending money as if tomorrow will never come.

But tomorrow always arrives, and a day of reckoning is fast approaching.

Fortunately, there are some members of Congress that seem to understand that we cannot keep spending money that we do not have. The following comes from USA Today…

Rep.  Mark Meadows, R-N.C., who chairs the hard-line House Freedom Caucus, wants to see what comes back from the Senate, said his spokesman Ben Williamson.

“But if the numbers are as high as we’re hearing, Rep. Meadows does not support the budget deal,” Williamson said.

Rep. Mo Brooks, R-Ala., said “this spending bill is a debt junkie’s dream… I’m not only a ‘no.’ I’m a ‘hell no.’”

As a member of Congress, I would always be a resounding “no” vote on these sorts of absurd budget deals.

Whatever happened to all of the strong fiscal conservatives that we sent to Congress during the days of the Tea Party movement? So many of them seem to have been enveloped by the swamp and are now doing whatever party leadership tells them to do.

Sadly, most Americans don’t even seem to understand that we have been adding more than a trillion dollars a year to the national debt since Barack Obama first entered the White House. The following is an extended excerpt from one of my previous articles…

When Barack Obama entered the White House, the U.S. national debt was just over 10.6 trillion dollars, and when he left the White House 8 years later it was sitting just shy of 20 trillion dollars.

So during those 8 years more than 9 trillion dollars was added to the national debt. But for purposes of this example we will round down to an even 9 trillion dollars.

When you divide 9 trillion dollars by 8, you get an average of 1.125 trillion dollars that was added to the national debt per year during the Obama era.

Dividing that figure by 365, you find that an average of $3,082,191,780 was added to the national debt every single day during the Obama administration.

And since there are 24 hours in a day, that means that an average of $128,424,657 was stolen from our children and our grandchildren every single hour of every single day while Barack Obama was president.

Under President Trump, we should be dramatically reducing federal spending and the size of the federal government.

Yes, this would hurt the economy in the short-term, but if we continue down the road we are currently on it is a recipe for national suicide.

As interest rates rise, it won’t be too long before we are paying more than a trillion dollars a year just in interest on the national debt. And when America plunges into a debt nightmare, there won’t be anyone in the entire world big enough to bail us out.

America cannot be great again if we are drowning in debt. What is happening in Washington is utter madness, and it should greatly anger all of us that our irresponsible politicians are systematically destroying the greatest republic that the world has ever seen.

Michael Snyder is a pro-Trump candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years.Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream. 

If you want to know what is coming and what you can do to prepare, read his latest book Get Prepared Now!: Why A Great Crisis Is Coming.

Home Depot Co-Founder To Democrats: ‘You Don’t Have Any Brains’

Home Depot’s co-founder Bernie Marcus took a shot at Democrats during an interview with Fox News on Saturday. Marcus attacked Democrats for their lack of understanding the basic fundamentals of economics.

But let’s be real first.  If socialists understood even a microscopic amount of economics, they wouldn’t be socialists and ridiculous things like Oregon voters literally voting themselves a tax increase (on healthcare insurance policies and hospitals, nonetheless) would never happen.  Democrats bank on emotions without any regards to facts or evidence. Now that we’ve gotten that out of the way, it’s easy to see why Marcus said Democrats “don’t have any brains.”

“Democrats, use your stupid brains. You don’t have any brains and don’t understand what happens,” Marcus said on Fox News on Saturday. “This is not going to turn overnight. Corporations are not going to open 14 buildings overnight. Come on, give me a break, you’ve got to use your brains,” he said, referring to improvements in the economy.  According to The Hill, Republicans have said the recently passed GOP tax plan is helping the middle class, pointing to bonus announcements from companies such as Home Depot.

The home improvement retailer announced last week it would be doling out $1,000 bonuses for employees who have worked at Home Depot at least 20 years. Hourly employees who have worked for the retailer less than two years can expect a $200 bonus. Workers who have been at the company for 10 years to 14 years will get $400. Meanwhile, Democrats keep arguing that tax breaks only help the wealthy and corporations.

Representative Debbie Wasserman-Schultz, a Democrat from Florida, came under fire after she downplayed the $1,000 bonuses a number of companies have announced.  “I’m not sure that $1,000 — which is taxed, taxable — goes very far for almost anyone,” she said. So what she’s saying is taxation is theft? The government is stealing part of their rightly earned bonuses? That’s what we heard…

Hopefully, the left will get it together.  They look like toddlers throwing a tantrum because they don’t understand the simplest of economic math.  How on earth did a group of elitists convince their followers that the government stealing from people is a good thing?  It just goes to show how powerful propaganda can be.

Who Do They Work For? New York Governor Andrew Cuomo Is SUING Trump Over Tax CUTS For Americans Yet Plans To Give More Free Stuff To Illegal Immigrants

On Friday morning, New York Governor Andrew Cuomo announced his states plan, along with New Jersey and Connecticut, to sue the federal government over the recent Trump tax cuts and the supposed economic hardship inflicted by them on blue states throughout the country.

“The states appear to be taking aim at a provision that limits residents’ state and local tax deduction (SALT) to $10,000. While the law contains sweeping tax rate cuts for businesses and individuals, taxpayers in high-tax states like those in the Northeast are expected to take a hit from the SALT change,” reported Fox News.

New York, New Jersey and Connecticut are launching a coalition to sue the federal government to reverse the unjust tax law.

We will not stand idly by as the federal government attacks the fiscal health of our states.

— Andrew Cuomo (@NYGovCuomo) January 26, 2018

“The elimination of full state and local deductibility is a blatantly partisan and unlawful attack on New York that uses our hardworking families and tax dollars as a piggy bank to pay for tax cuts for corporations and other states,” Cuomo claimed in a statement. “This coalition will take the federal government to court to protect our residents from this assault.”

While Cuomo is hoping gullible citizens and a compliant media believe his laughable reasoning, the fact of the matter is this is nothing more than yet another attack on literally anything President Trump does while also having a direct connection to the states plan to give even more free stuff, at taxpayers expense, to illegal immigrants.

It really is that simple. New York, New Jersey, and Connecticut are the top three states with the highest combined sales and personal income tax and the Trump tax cuts directly reduce the amount of money said states are able to fleece from their own people while also decreasing the amount of cash flow that can be passed down to “DREAMers” and other illegal immigrant groups.

As Kit Daniels wrote for Infowars.com:

Not long after Gov. Andrew Cuomo promised free college tuition to DREAMers, New York launched a lawsuit against the Trump administration over its nationwide tax cuts because they hurt the state’s “fiscal health.”

In other words, our states want to keep raping our citizens to provide candy for illegals, but your tax cuts make us look bad in comparison.

New York, New Jersey and Connecticut have the top three highest combined sales and personal income tax rates, according to Turbotax, and the states have led the top three since 2005, so it’s hilarious how President Trump has forced them into the untenable position of defending high taxes.

But the states are motivated to do so despite the bad optics because the money is going to illegals who Democratic leaders hope will replace working-class voters.

You know, the voter who dumped the party due to its “Globalism First” platform and its preference for bringing in H-1B workers for jobs once open to American citizens.

At this point one really has to wonder who these Democratic politicians actually work for?

This example, as well as Schumer’s shutdown of the government over a fight about illegal immigrants, clearly shows that the left is now 100% on board with securing millions of illegal immigrants into future Dem voters and they are more than willing to throw actual American citizens to the curb in doing so.

Additionally, Twitter is actually claiming that the following Tweet about the story “may contain sensitive material” while forcing users on their website to click an extra button to see it.

Cuomo wants to kill your tax cuts to give free rides to non-citizens. #tcot #Trump pic.twitter.com/O57Bj6ynlC

— Kit Daniels (@KitDaniels1776) January 26, 2018

Trump Stands to Gain Big Time on Newly Approved Tax Cuts

(image: Getty)

(The Real Agenda News) Trump will personally save up to $15 million. Jared Kushner will save up to $12 million.

David Stockman minced no words, calling the measure “a fiscal, economic and political monster…hands down the worst tax bill enacted in the last half-century.”

On Wednesday, Trump practically admitted it’s no “middle-class miracle,” saying slashing the corporate tax rate from 35 – 21% was “probably the biggest factor in our plan,” exposing GOP Big Lies selling it.

White House press secretary Sarah Sanders said “(p)rimarily, and priority number one, is middle-class Americans.”

Speaker Ryan roared “(t)he entire purpose of this is to lower middle-class taxes.”

GOP Majority Leader McConnell, like other party officials, turned truth on its head, saying “(t)he theme behind this bill is to get middle-class tax relief for most people in the middle class.”

Fact: Tens of millions of middle and lower income households will end up paying more in the out-years, getting little or nothing along the way – except broken promises, the way US duplicitous politicians always operate, scamming the public to benefit the privileged few.

According to the Center for American Progress (CAP), Trump and six members of his inner circle will benefit hugely from the GOP bill.

He stands to save up to $15 million, his heirs to save around $4.5 million in estate taxes.

His son-in-law Jared Kushner will save up to $12 million. Treasury Secretary Mnuchin, Secretary of State Tillerson, Commerce Secretary Ross, Small Business Administration head McMahon, and Education Secretary Devos will save $4.5 million in estate taxes alone, along with a hugely lower annual tax liability on personal income and investments.

According to CAP’s Seth Hanlon, “the American people, whether they receive a tax increase or tax cut from this bill, are outraged that President Trump, his cabinet, and members of Congress stand to receive big payouts from this tax bill.

The extent of the self-dealing became especially apparent when a last-minute provision benefitting the real estate industry was inserted at the last minute.”

“Trump, of course, promised to release his tax returns, like every president since the 1970s, but has brazenly gone back on his word. Congress has the full power to obtain and release Trump’s tax returns, but the Republican majority has buried its head in the sand.”

“Still, there is no doubt that Trump is getting major new tax cuts from this bill – at the same time as it preserves special loopholes, like the deductions Trump reportedly takes on his golf courses. These are illustration(s) of the venality and corruption behind this bill.”

Americans for Tax Fairness communications director TJ Helmstetter called the GOP bill “a money grab by the ultra-wealthy, including the multimillionaires in Congress and Trump’s own cabinet,” who’ll benefit hugely.

In contrast, ordinary Americans got scammed, a reverse Christmas present, courtesy of GOP gangsters running things in Washington.

When in power, undemocratic Dems are just as venal and despicable.

The post Trump Stands to Gain Big Time on Newly Approved Tax Cuts appeared first on The Sleuth Journal.

President Trump Wants Tax Cuts, But Once Again The RINOs In Congress May Block His Agenda

It has become exceedingly clear that we need to try to remove as many establishment Republicans from Congress as we possibly can in 2018. Even though the Republicans are in control of the White House, the Senate and the House of Representatives, the “Make America Great Again” agenda is not being implemented, and the blame for that lies entirely with the RINOs (Republicans in name only). Obamacare still has not been repealed, the wall has not been built, and now there is talk that the RINOs plan to block Trump’s tax reform bill. It was expected that the Democrats would try to obstruct Trump’s agenda, but Trump’s biggest problem so far in his presidency has been his fellow Republicans. If they won’t go along with what he is trying to do, we will kick them out and put in people who will. 

Trump delivered a major speech in which he boldly declared that we have a “once-in-a-generation opportunity” to implement tax reform.

And he is exactly right. The Republicans have not often had simultaneous control of the White House, the Senate and the House of Representatives, and so they should be attempting to push through as much of Trump’s agenda as possible.

During his speech, Trump outlined four basic principles that he intends to follow when it comes to tax reform. First of all, he believes that the tax code should be much simpler…

Here are my four principles for tax reform: First, we need a tax code that is simple, fair, and easy to understand. (Applause.) That means getting rid of the loopholes and complexity that primarily benefit the wealthiest Americans and special interests.

This is something that we should all be able to agree with. Right now the tax code is more than 2 million words long, and the regulations add another 7 million words. I once spent an entire year studying tax law, and at the end of that year I came to the conclusion that the best thing that we could do would be to throw the entire tax code in a shredder and start over.

In addition to simplifying things, Trump also wants to implement changes that will create more jobs for U.S. workers…

Second, we need a competitive tax code that creates more jobs and higher wages for Americans. It’s time to give American workers the pay raise that they’ve been looking for for many, many years.

One of the key things that we can do to reach that goal would be to cut the corporate tax rate. As Rand Paul recently noted, cutting the corporate tax rate to 15 percent would likely create about two million new jobs…

Cut the rate so it is competitive with other countries. (15% makes us even with Canada’s federal rate.) Cut the rate so that it can create jobs. Cut the rate to encourage people to start new businesses, hire more people and grow. According to a 2016 Tax Foundation analysis of then-candidate Donald Trump’s tax plan, comprehensive reform, including lowering the corporate rate to 15%, could create around 2 million new jobs.

Thirdly, President Trump wants to make sure that middle class families greatly benefit from any tax cuts…

The third principle for tax reform is a crucial one: tax relief for middle-class families. (Applause.) In a way — and I’ve been saying this for a long time — they’ve been sort of the forgotten people, but they’re not forgotten any longer. I can tell you that. (Applause.)

For years, I have been detailing the demise of the middle class in America. The middle class became a minority of the population for the first time ever in 2015, and each year it continues to shrink.

Cutting taxes on the middle class won’t solve our problems, but it would be a positive step in the right direction.

Lastly, Trump wants to repatriate trillions of dollars that are currently being held offshore by U.S. companies…

Fourth and finally, we want to bring back trillions of dollars in wealth that’s parked overseas. Because of our high tax rate and horrible, outdated, bureaucratic rules, large companies that do business overseas will often park their profits offshore to avoid paying a high United States tax if the money is brought back home. So they leave the money over there.

The amount of money we’re talking about is anywhere from $3 trillion to $5 trillion. Can you believe that? By making it less punitive for companies to bring back this money, and by making the process far less bureaucratic and difficult, we can return trillions and trillions of dollars to our economy and spur billions of dollars in new investments in our struggling communities and throughout our nation.

Personally, I would be in favor of giving companies a limited window to bring all of that money into the country for free. It would potentially be a tremendous boon for the economy, and hopefully President Trump will be able to get this done.

Unfortunately, the establishment Republicans in Congress seem absolutely determined to obstruct what Trump is trying to do every step of the way. This is a point that Rush Limbaugh made very succinctly on his program just the other day…

Limbaugh flayed Republican lawmakers for betraying the people who elected them.

“The Republicans have a chance to do everything they said they’d do,” he explained.

“They haven’t gotten one thing done legislatively. Tax cuts, the Democrats can’t stop. Folks, they have an opportunity do everything they have been promising to do. A once-in-a-career opportunity. They’re never gonna have this kind of power. And what are they doing? Nothing. In fact, it’s worse than nothing. It appears to outsiders that they are part of the effort to thwart and stop Trump. Do they think this kind of behavior is going to be rewarded with re-election? Do they think that the American voters are gonna blame all of this on Trump and re-elect Republicans and try to get rid of Trump?”

As we approach the mid-term elections in 2018, it is going to be very important for Republican voters to determine who is in the pro-Trump camp and who is in the anti-Trump camp. It simply is not good enough for someone to have an “R” next to their name anymore. We need to send good pro-Trump candidates to Washington, and that is one of the reasons why so many people are getting so excited about my campaign.

And the key is the Republican primaries next spring. Only a small minority of the population votes in primaries, and if we can get pro-Trump forces galvanized, we can kick out a whole bunch of these RINOs.

But if pro-Trump voters don’t support the pro-Trump candidates that are out there, when we get to November 2018 we won’t even have anyone to vote for. Instead, we will be stuck choosing between Democrats and anti-Trump Republicans.

If you have read my new book, then you already know how determined I am to implement the elements of the “Make America Great Again” agenda. If we do nothing, we are going to get more of the same, and that simply is not acceptable. For example, it is being reported that Americans now spend more on taxes than they do on food and clothing combined…

Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.

The same data also shows that in three years—from 2013 to 2016—the average tax bill for Americans increased 41.13 percent.

In 2016, according to BLS, “consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent more on average on federal, state and local taxes ($10,489) than they did on food ($7,203) and clothing ($1,803) combined ($9,006).

If you like the status quo, then feel free to do nothing.

But if you are sick and tired of the way that things are, please support President Trump and the pro-Trump candidates that are running for office all over the nation. It isn’t going to be easy, but if we work together I believe that we can do some truly remarkable things.

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Myth-Busters: Tax Cuts or Shell Game?

Politicians are experts at shuffling deck chairs on a sinking ship. As President Trump’s tax plan is eventually revealed, here are a few things to look out for.