RS Seminar- Economic Crisis

Saturday, September 30, 2017

Surprise! Non-Partisan Analysis Finds Trump Tax Plan Primarily Rewards Top 1% | Common Dreams

Thursday, September 21, 2017

Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut - The New York Times

Confident Fed Sets Stage for December Rate Increase - The New York Times

Trump- Republican Tax Cuts

Everything you’ve always wanted to know about the Trump-Republican tax plan

Say no to trickle-down tax cuts, and say no to mindless deficit reduction.

By Robert Reich -

September 16, 2017

Have you noticed that there’s no Trump tax plan and no Republican tax plan? All they’ve come up with so far is a bunch of platitudes about how nice it would be to cut taxes, simplify the tax code, and spur economic growth.

Who doesn’t support these nice goals?

The reason there’s no tax plan is congressional Republicans are hopelessly divided on it.

Right-wing Republicans (the “Freedom Caucus” along with what’s left of the Tea Party) are most interested in reducing the size of the government and shrinking the federal deficit and debt.

Corporate and Wall Street Republicans – along with Donald Trump – are most interested in cutting taxes on corporations and the wealthy. They have the backing the GOP’s big business donors who stand to make a bundle off tax cuts.

Here’s the problem. You can’t have a giant tax cut for corporations and the wealthy, and at the same time shrink the federal deficit and debt – unless you make gigantic cuts in government spending on things the American public wants and needs.

Guide to Resistance

https://d3n8a8pro7vhmx.cloudfront.net/guidingtheresistance/pages/17/attachments/original/1504646456/ResistanceGuide_interactive.pdf--- Free

Trump data on Job Growth

ANOTHER TRUMP WHOPPER ON JOBS: "Companies are moving back, creating job growth, the likes of which our country has not seen in a very long time," Trump said in his speech to the United Nations. Actually, job growth is following more or less the same pattern it did last year (when candidate Trump repeatedly complained that the economy was in lousy shape). Indeed, CNN Money's Patrick Gillespie reports, if you have the bad manners to compare job growth in 2017 to job growth in 2016 you'll find that 2016's was a little bit faster.

"The U.S. has added an average of 176,000 new jobs a month so far this year," writes Gillespie. "Last year the U.S. economy added an average of 194,000 jobs a month in the same period, between January and August. The full-year average for 2016 was also above 2017's pace at 187,000 jobs a month, according to Labor Department data." More here.