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« on: November 29, 2017, 04:50:57 PM » |
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________________________________________ The Patriot Post Digest 11-29-2017 From The Federalist Patriot Free Email Subscription ________________________________________
The Patriot Post® · Mid-Day Digest
Nov. 29, 2017 · https://patriotpost.us/digests/52651
IN TODAY’S EDITION
North Korea’s Rocket Man does it again, but Trump has already responded. Making Christmas Merry Again at the White House is a welcome change. The Senate is making progress on tax reform, but there’s still a ways to go. Michael Bloomberg’s megalomania knows no bounds. With his fortune, that matters. The FBI knew of some Russian hacking and kept quiet for over a year. Seattle has been saved from a vengeful and punitive income tax. A transgender who did what to whom? Try sorting this out… Plus our Daily Features: Top Headlines, Memes, Cartoons, Columnists and Short Cuts.
THE FOUNDATION
“Let us recollect that peace or war will not always be left to our option; that however moderate or unambitious we may be, we cannot count upon the moderation, or hope to extinguish the ambition of others.” —Alexander Hamilton (1788.)
IN BRIEF
Rocket Man Launches and Trump Responds1
Rocket Man is at it again. North Korean dictator Kim Jong-un test-fired another intercontinental ballistic missile on Tuesday, and it reached the highest altitude yet of any of the regime’s previous missiles. This latest launch shows that the North Koreans have developed an ICBM with more than enough range to reach Washington, DC. Adding to the concern, intelligence agencies now believe that the rogue nation is less than a year away from completing its nuclear program.
While it’s clear that Kim is continuing the saber-rattling for geopolitical gain, there is no question that the stakes have risen exponentially. Just six months ago the concern was over an ICBM with the capacity to hit Guam; now the entirety of the continental U.S. is under threat. As a result, there has been an increase in calls for military action, although Secretary of State Rex Tillerson sought to calm that rhetoric, saying, “Diplomatic options remain viable and open, for now. The United States remains committed to finding a peaceful path to denuclearization and to ending belligerent actions by North Korea.”
The threat of landing a nuclear-tipped missile in a U.S. city may still be outside the capacity of the North Koreans, but the greater worry may be that of an electromagnetic pulse (EMP) attack over the continental U.S., which could effectively knock out the electric grid for millions of Americans. It’s hard to overestimate just how disastrous the impact2 would be.
On Wednesday, President Donald Trump responded by announcing new “major sanctions” that will be imposed against North Korea. He tweeted, “Just spoke to President Xi Jingping of China concerning the provocative actions of North Korea. Additional major sanctions will be imposed on North Korea today. This situation will be handled!”
As we’ve long argued, the key to reining in and stopping the Kim regime is through China3. Beijing must be convinced that Pyongyang’s rogue regime presents the greatest threat to regional and world stability and be willing to allow U.S. military intervention should it come to that.
Making Christmas Merry Again4
By Jordan Candler
Now that the Grinch (read: Barack Obama) is no longer in the White House, the phrase Merry Christmas is fashionable again. The last administration took a politically correct approach to the celebration of Christ’s birth, namely by refusing to promote the word Christmas whenever possible. He used the phrase in speeches, but that was the extent to which he communicated it.
As Gary Bauer reports5, “For eight years, Barack and Michelle Obama were unable to bring themselves to use those words. There were6 ‘season’s greetings’ and ‘happy holidays,’ but ‘Merry Christmas’ never made it on the Christmas card.” Tony Perkins notes7 too that Obama “famously wanted a ‘non-religious Christmas’” and even attempted to purge from the White House a nativity scene that has been customary there for half a century. Enter Donald Trump.
A year ago, the incoming president pledged8, “We’re going to start saying ‘Merry Christmas’ again.” And he’s certainly staying true to his word. This year’s Christmas card and the White House in general are devoid of any political correctness. The card unashamedly wishes everyone a Merry Christmas and the White House decorations are truly something to behold9. Having a president who acknowledges the reason for the season is one of the many reasons America is finally optimistic again.
Top Headlines10
U.S. economy expanded at a brisk 3.3% pace in third quarter (Associated Press11)
Trump wins in court over his pick to lead the CFPB (Fox News12)
Schumer, Pelosi cancel meeting with Trump following his tweet (The Washington Free Beacon13)
Senate tax bill gaining momentum with some GOP holdouts (NPR14)
Trump backs ObamaCare payments as part of tax cuts deal (The Washington Times15)
North Korea fires new ballistic missile (BBC16)
Hawaii to resume Cold War-era nuclear siren tests amid North Korea threat (Reuters17)
Matt Lauer fired from NBC News over inappropriate sexual behavior (New York Daily News18.)
Second ex-staffer accuses Democrat Rep. John Conyers of sexual harassment (The Detroit News19)
NPR chief news editor departs after harassment allegations (NPR20)
Policy: Don’t believe the Democrat attacks on tax reform. Here are the facts. (The Daily Signal21)
Policy: Get government out and let markets work in health care (Manhattan Institute22)
For more of today’s news, visit Patriot Headline Report23.
FEATURED ANALYSIS The Senate’s Taxing Debate24
By Lewis Morris
What if there was a tax cut and nobody got anything out of it? A corporate tax rate cut that is too shallow to stimulate growth, or individual rate tinkering that leaves people exactly where they started, or maybe worse? This is one potential outcome that lay ahead as the Senate does battle over its version of tax reform this week. That plan cleared the Budget Committee Tuesday. Now for the next test.
There are some places of agreement between the House and Senate versions25 of the tax cut bill, but it is the areas of disagreement that could still sink the whole plan.
The Republicans hold a vote margin in the Senate that leaves little room for error. Only if the GOP works in lock-step are they likely to have a shot at success. Their track record for 2017 has not indicated that this level of cohesion is likely.
One of the voices of unity is actually Rand Paul26. The man who helped sink the first ObamaCare repeal bill because it didn’t go far enough is now calling for Republicans to get on board with the tax plan and not let the perfect be the enemy of the good. Paul supports the tax bill in large part because it repeals the individual mandate for which he fought. We’re glad he’s come around.
In some ways, anything that promises to change the nation’s 74,000-page tax code sounds good. Everyone wants to pay lower taxes. However, it’s at moments like this when people actually start throwing out proposals that the backsliding and broken promises begin.
Paul calls for unity, but other Republican senators have their own plans. Ron Johnson of Wisconsin opposed27 the House package from the start. He is holding out support in the Senate in exchange for changes to how pass-through entities are handled to help larger small businesses be competitive with corporations.
Susan Collins of Maine wants to tinker with the widely agreed-upon 20% corporate tax rate (President Donald Trump claims he will not accept any rate higher than 20%). She wants to bump it up to 22% in order to keep at least a portion of the state and local tax (SALT) deduction, which she believes will help middle-class earners. The Senate plan calls for repealing SALT completely, a deduction that flows up the tax food chain, not to low or middle-class earners. The Tax Policy Center found28 “about 10% of tax filers with incomes less than $50,000 claimed the SALT deduction in 2014, compared with about 81% of tax filers with incomes exceeding $100,000.”
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