DALLAS

Senate Majority Whip John Cornyn opposes tariffs on Canadian newsprint that have driven up printing costs and forced cutbacks at newspapers around the nation.

“Newspapers are beleaguered already, and I don’t think we need to make that any harder than it already is,” Cornyn said during an appearance at the National Rifle Association convention Friday in Dallas.

Cornyn said he had spoken in opposition of the tariff with U.S. Secretary of Commerce Wilbur Ross.

“I’m hopeful we’ll see some positive results from that,” Cornyn said.

Newspaper publishers around the country have raised issues that increased pricing costs will hurt small-market newspapers the hardest.

Canadian newsprint makes up about three quarters of the U.S. market.

The Daily Sentinel and Lufkin News have seen a paper price increase of more than 50 percent in the past few months. Paper once selling for around $400 per ton now sells for more than $600 per ton. Page counts in print editions have been reduced due to rising costs. The Daily Sentinel also reduced its number of print days because of rising paper costs.

The Daily News, which, like The Daily Sentinel, is owned by Southern Newspapers Inc., has see similar price increases and been forced to respond by reducing the number of pages printed each day and by cancelling some special publications.

Large papers are also suffering. The Tampa Bay Times recently laid of 50 people because of the tariff, citing a $3 million increase in newsprint costs.

“Just about every American newspaper and all our trade associations are joining the fight to challenge these tariffs, but even if we succeed, it will take months to reverse this terrible decision. Meanwhile, prices will go up. Jobs will be lost. Important stories will go uncovered,” Tampa Bay Times CEO Paul Tash wrote in April.

The tariff was imposed after the Longview, Wash.-based paper mill Norpac filed a complaint against Canadian newsprint producers with the U.S. Department of Commerce. It has not been made permanent, and the International Trade Commission will have the final say.

Last August, Norpac asked the Commerce Department to place the tariff on Canadian imports. Norpac was acquired in 2016 by One Rock Capital Partners, a New York-based hedge fund.

This March, the Commerce Department said that it found some Canadian paper mills selling newsprint for up to 22 percent under fair value. In January, the department agreed to impose temporary tariffs of 4.42 percent to 9.93 percent, depending on the paper mill and the amount of subsidy it received. In March, the Commerce Department added tariffs of up to 22.16 percent.

Since the complaint was filed, the average price of newsprint has risen dramatically.

Since 2012, 10 American paper mills have closed, costing 2,150 jobs. In the same time, paper production capacity has fallen by nearly 70 percent.

Norco announced last week that it would hire 50 new employees and restart a paper machine that was idled in October.

“Norpac has a world-class facility that can compete with anyone in the world on a level playing field,” CEO Craig Anneberg said in a press release.

Editor’s note: The Daily Sentinel of Nacogdoches, like The Galveston County Daily News, is part of Southern Newspapers Inc.

(44) comments

Paul Hyatt

Who really cares about what Sen. Cornyn thinks or about the cost of paper for the fake news outlets.... Cornyn cares about DACAs and their jobs and could care less about jobs for Americans....

Carlos Ponce

"The Daily News, which, like The Daily Sentinel, is owned by Southern Newspapers Inc., has see similar price increases..."
I remember the GCDN using entire pages to show their displeasure over the tariff instead of selling the space to PAYING advertisers.
Since the GCDN prints the daily on American newsprint, the price increase must be due to supply and demand. Once the American newsprint manufacturers come back after being shut out by cheaper government subsidized Canadian paper the price should stabilize. Maybe now they'll even produce the fancy glossy newsprint the GCDN uses for special printings and inserts.

Staff
Michael Smith

If the tariff is good for U.S. paper industry why is the U.S. paper industry overwhelmingly against it?
To wit:
We are printers, publishers, paper suppliers and distributors that represent mostly small businesses in local communities that employ more than 600,000 workers in the United States. We have joined together to fight proposed government tariffs on newsprint that have been initiated by petitions filed by a single newsprint mill, NORPAC, an outlier in the industry that is owned by a New York hedge fund, with no additional pulp or paper operations in the United States or globally. The proposed tariffs will force our member companies to cut jobs not only at newspapers, commercial printing, and book publishing operations, but throughout the supply chain, such as paper manufacturers, ink suppliers, fuel producers, and equipment manufacturers. Our country’s trade laws should not be manipulated by one company in a way that will have a detrimental impact on American jobs throughout our economy.

Lists of our coalition members:

Association of Alternative News Media
Association of American Publishers
Association of Free Community Papers
Association of Print Technologies
Alabama Press Association
American Society of News Editors
Arkansas Press Association
Arizona Newspapers Association
Book Manufacturers’ Institute
California Newspaper Publishers Association
Catholic Press Association
Catalyst Paper
Colorado Press Association
Connecticut Daily Newspapers Association
Florida Press Association
Georgia Press Association
Hoosier State Press Association
Independent Free Papers of America
Illinois Press Association
Inland Press Association
International Society of Weekly Newspaper Editors
Iowa Newspaper Association
Kansas Press Association
Kentucky Press Association
Kruger
Local Media Association
Local Search Association
Louisiana Press Association
Maine Press Association
Maryland, Delaware and DC Press Association
Minnesota Newspaper Association
Missouri Press Association
Mississippi Press Association
Montana Newspaper Association
National Newspaper Association
News Advertising Coalition
News Media Alliance
New York News Publishers Association
Nebraska Press Association
Nevada Press Association
New Mexico Press Association
New York Press Association
North Carolina Press Association
North Dakota Newspaper Association
Ohio News Media Association
Oklahoma Press Association
Oregon Newspaper Publishers Association
PAGE Cooperative
Pennsylvania News Media Association
Printing Industries of America
Quad Graphics
Rayonier Advance Materials
Resolute Forest Products
South Carolina Press Association
South Dakota Newspaper Association
Southern Newspaper Publishers Association
Tennessee Press Association
Texas Press Association
Trusted Media Brands (formerly Readers Digest Association)
Utah Press Association
Valassis Communications
Virginia Press Association
West Virginia Press Association
Wisconsin Newspaper Association
World Association of Newspapers and News Publishers
Worzalla

Carlos Ponce

So why does the GCDN purchase only American newsprint for its daily run? The increase in price is temporary until the market stabilizes. And "Newspaper and Press organizations" look at the short term but the whole picture. Now how about those organizations you mention convince the CANADIAN government to QUIT SUBSIDIZING their country's paper mills and tossing cheap subsidized newsprint on the American market. All things being equal I don't believe in tariffs but NOT ALL THINGS ARE EQUAL. The Canadian subsidies cost American companies, American jobs.

Carlos Ponce

So the press and newspaper associations are against the tariff. Most of their papers also favored the losing presidential candidate in 2016 including the GCDN.[rolleyes]

Paul Hyatt

Since the media could care less about American jobs and Americans having jobs, why should we care about your costs? When they get to a certain point you will either a) shut down, b) have layoffs, c) raise the price to read your fake news....There are plenty of other news sources so A will not bother me and since you all don't care about Americans having jobs, I guess B doesn't bother me and besides I am retired. As for C if you raise your prices anymore then I will not worry about them as I will decline to read your paper online. Either way many probably don't care!

Diane Turski

Stop this insanity by voting OUT the Wall Street Robber Baron lackeys in November!!! Vote for Beto and for Bell!!! Remember in November!!!

Carlos Ponce

Diane, if you want to see a "blue wave" go to the Pacific Coast of California.[beam]

George Croix

Without taking a stance either way on this specific newsprint tariff issue, I'd ask in general, why will jobs necessarily be lost due to increased costs...when faced with higher costs, won't they simply be passed along to the consumers, as usual by just about every business there is?
I wonder if the benefits of the recent tax cuts might not match or be greater than the impact of any tariffs on the various items and products they've been proposed for.

Jim Forsythe

This Tariff on paper is a way to collect taxes from the users. Companies that have tariffs imposed on them, pass the cost on to the users of their products. The money that is collected is placed in governments coffers and not refunded to the companies that have lost business.
If it was about the helping USA companies, the money collected would be going back to the company's that this has effected, to help them increase their capacity's and to modernizes. But it may be to late, as more printed versions of the news are disappearing.
"The printers who typically use Canadian newsprint are those in the Northeast and Midwest, where there are currently no U.S. mills operating.But those regions are not newsprint deserts because of unfair trade by Canadian paper mills. Rather, newsprint mills shut down or converted to producing other, more-profitable paper products when the demand for newsprint fell, something that has been happening steadily for decades. Since 2000, the demand for newsprint in North America has dropped by 75 percent." This is not just the USA.
If nothing changes with capacity, we will still need to buy Canadian paper, this will continue until more USA printed papers fold.
"American paper mills will not be able to meet the newspaper industry’s needs, so publishers will still be buying from the Canadian mills. The only thing that will change is the cost to USA newspapers. American newsprint mills are oversold. That’s right, American mills can’t/won’t make enough paper, forcing newspapers to import it from Canada". How is the tariff going to increase USA production in the USA ,when we do not have the capacity

Carlos Ponce

There WERE newsprint producers in the Northeast and Midwest but the cheaper government subsidized imports shut them down.
"Madison Paper [Maine] President Russ Drechsel cited high energy costs and unfair government subsidies provided to Port Hawkesbury [Canada] as reasons for a temporary shutdown scheduled to have begun Saturday."
https://www.centralmaine.com/2015/01/24/madison-mill-shutdown-critics-focus-on-port-hawkesbury-subsidies/
"Shutdown of Madison mill is state’s fifth in two years
Closed:
Great Northern Paper Company, East Millinocket, Maine 200 employees
Lincoln Paper and Tissue, Lincoln, Maine 170 employees
Old Town Fuel and Fiber, Old Town, Maine 200 employees
Bucksport, Maine Paper 500 employees
UPM, Madison, Maine 214 employees
Sens. Susan Collins and Angus King of Maine have been working with the Madison mill and the federal government to put tariffs on Canadian paper.

George Croix

"This Tariff on paper is a way to collect taxes from the users."
Yes.
But, in a goes around comes around way, so many of the same folks, the news media, ardently supported the ACA, which mandated a tax on NON-users, AND forced non-users to pay to subsidize costs for users.
Yet again, as with pretty much everything, the level of opposition depends on who's ox is gored.
Is that karma, or just daily life in these here United States....[smile]

Jim Forsythe

The raising cost of paper, will be paid by us, the end users. It may be in the form of a smaller printed paper, increase in cost or no printed newspaper. Also could require a decreasing of staff for some papers, which translates in to less news coverage.
With a % of a papers revenue coming from printed ads, things will change.

George Croix

Jim, old friend, the exact SAME 'could' can be applied to the potential impacts of ALL taxes that impact any businesses and consumers.
Since when have our generally 'progressive' oriented friends in the fourth estate been opposed to taxes.... [beam]

I'm personally happy to note that as a result of the recent REAL Trump Administration tax cuts (not to be confused with the one-shot 'rebates' of yore whether one paid any income tax or not...) that benefit us all who work for a living and/or have retirement income or operate a business or have investment income and pay income taxes the increase in the cost of my paper is now less of a concern than it might have been.
If it went up 20% that would amount to about another dime, or a total of about 60 cents, per day.
I can hardly crank up one of my trucks and put it in 'D' for that amount.....

Jim Forsythe

George, you bring up a good question, how much would a person be willing to pay for the newspaper?
At some point, a person would say to much, and I do not know what that point is for me.

As far as the new tax plan , it is to early to tell if it is a good thing.
What I have read that some will be loser's. Single mom's, people with large family's .
Will Social Security be tax different? Just with any Bill, it may have hidden parts.
All the question will be answered when we pay our taxes next April.
I would have preferred a flat tax on companies, with no deductions.
The part that bothers me, is that we are depending on growth to replace the reductions that is part of the tax code. With the increasing in the prime rate taking place about ever quarter, growth may slow down.
Also personal tax rates will revert to the current rate in 2025.

Carlos Ponce

"The part that bothers me, is that we are depending on growth to replace the reductions that is part of the tax code."
Let your heart not be troubled, Jim.
"BOOM: Trump Tax Cuts Lead To Largest Ever Monthly Budget Surplus"
https://townhall.com/tipsheet/mattvespa/2018/05/09/boom-trump-tax-cuts-lead-to-largest-ever-monthly-budget-surplus-n2476725
"CBO forecasts largest-ever monthly surplus as record tax receipts pour in"
https://www.marketwatch.com/story/cbo-forecasts-largest-ever-monthly-surplus-as-record-tax-receipts-pour-in-2018-05-08
With reduced unemployment, Jim, more people are paying taxes. Even at a lower tax rate, tax revenue is UP!

George Croix

I'd prefer to dump the income tax and instead have a national sales tax.
You buy a Snickers bar or a Cadillac or get your carpets cleaned, you pay the same tax for the same product or service as anyone else would.
Equal opportunity to be taxed under the law.
No more being penalized for earning more money.
No more being penalized for saving more money.
No more paying for people you've never met in your life to do nothing but wait for their next check drawn partially on your account.
EVERYBODY has some skin in the game, whether you bought a pack of Juicy Fruit or a Tracker pontoon boat...a tent or a condo....if you bought the same thing, you pay the same tax.....
Not 'fair' because people who earn less will pay a higher percentage of their income?
Well, is it 'fair' that people who could work but won't get a 100% percentage benefit by taking other people's money?
Life brings potential, not guarantees.....

Jim, there ARE lot's of 'mays' about everything...granted.
One thing for sure is that right now, for now, after 8 years of national community organizing and lousy economy/jobs numbers/wages numbers/unemployment numbers/dependency on government numbers we are hot again...and it looks good for continuing for a while....
President Pence will be working with the Republican House and Senate to renew/extend/make BETTER the tax cuts in 2025.......

Jim Forsythe

Carlos,
It's early to get excited about the new tax laws .The Budget Surplus of $214.3 billion happen in April, when the taxes were coming in for 2017 . This is a testament to the old tax rules, and not the new tax rules. To be able to say if the new tax law is a success, will take a few years.
. The Trump administration has predicted 4 percent GDP growth next year, thanks to tax reform. If I'm not mistaken this is what the new tax laws are based on. The Gross Domestic Product (GDP) in the United States has expanded to 2.90 percent . We have a ways to reach 4.0 GDP. A 4.0 level is hard to maintain once we reach it and with the tax reform being based on the 4 GDP level, we may have a sort fall.
"GDP Annual Growth Rate in the United States averaged 3.19 percent from 1948 until 2018, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -4.10 percent in the second quarter of 2009."
What could happen to cause the GDP to be driven to new lows? One example is below.
Derivatives could do us in.
"The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great."

Carlos Ponce

"Carlos,It's early to get excited about the new tax laws."
That's Jim for you - always pessimistic about what this administration has accomplished! I'm happy with my extra "crumbs".

Jim Forsythe


Carlos said "That's Jim for you - always pessimistic about what this administration has accomplished!"
What has been accomplished in tax reform? The outcome of any bill may not be clear until all of the provisions have been instituted.
At this time it is not clear what the tax reform means. How big is the tax break for foreign investors?.
What effect will the pass thru provision have?
How is Social Security going to be taxed? These and many other questions will become clear with time. Until then, I will hold my judgement.

Carlos Ponce

"What has been accomplished in tax reform?"
I'm keeping more of my money. Despite the rantings of the Left, Federal income from taxes is actually UP despite taxes being at a lower rate. All are happy except the Pelosites.

Jim Forsythe


.As you can see , tax revenue has increased at a study rate. Until FY 2018 and FY 2019 are over , it will be just be guessing what the finial total will be for FY2018 and FY2019.
U.S. Tax Revenue by Year. Here's a record of income for each fiscal year since 2000. Tax receipts fell off during the recession, but started setting new records by FY 2013.
FY 2019 (est.) - $3.42 trillion, FY 2018 (est.) - $3.34 trillion
FY 2017 - $3.32 trillion, FY 2016 - $3.27 trillion.
FY 2015 - $3.25 trillion, FY 2014 - $3.02 trillion.
FY 2013 - $2.77 trillion, FY 2012 - $2.45 trillion.
FY 2011 - $2.30 trillion, FY 2010 - $2.16 trillion.
FY 2009 - $2.10 trillion, FY 2008 - $2.52 trillion.
FY 2007 - $2.57 trillion, FY 2006 - $2.4 trillion.
FY 2005 - $2.15 trillion, FY 2004 - $1.88 trillion.
FY 2003 - $1.72 trillion, FY 2002 - $1.85 trillion.
FY 2001 - $1.99 trillion ,FY 2000 - $2.03 trillion.

Carlos Ponce

"it will be just be guessing". Try using the CBO actual numbers for revenue since the tax act went into effect.

Jim Forsythe

If Trump completes 8 years, our deficit will have more than doubled under his leadership, starting in the year 2018.
That the year the new tax reforms started.
CBO Deficit Projections in Billions.
2016 587 , 2017 559 , 2018 487, 2019 601, 2020 684, 2021 797,
2022 959, 2023 1,000, 2024 1,027

Carlos Ponce

Jim, let me make it clear. Look at the ACTUAL numbers from the few months since the tax plan was implemented, not the projections, not the guesstimates. CBO is good at reporting what has actually occurred but terrible at projections.

Jim Forsythe

Until a track record of the new tax reform is established, a measure of what it's means to us can not happen.
If all you care about is short term, you can do that.
"According to the non-partisan (Republican founded, Republican-run) Congressional Budget Office, 80% of the benefits from the Republican tax cuts will ultimately go to foreign entities. According to the CBO’s analysis, 34% of the benefits are going to foreign entities already and 80% will go to foreign entities in the long term. "
"CBO budget report is out, and it tells us that the Republicans’ $1.5 trillion tax cut will increase the federal debt by…$1.9 trillion:
In other words, the tax cut doesn’t pay for itself. It doesn’t even partially pay for itself. It does have some positive economic feedback, but not very much, and nowhere near enough to make up for the lost revenue and the increase in interest payments:"

Carlos Ponce

"According to the non-partisan (Republican founded, Republican-run) Congressional Budget Office BLAH BLAH BLAH"
Don't believe that BULL STUFF.
They tout it as non-partisan??? WHAT A JOKE!
"Republican founded, Republican-run" That originally came from Daily Kos.
Might as well be quoting Pravda.
The trend is HIGHER REVENUE despite LOWER taxes.
Quit reading Liberal sources. They're WRONG!!!!!!!!

Carlos Ponce

That quote from the Daily Communist came from Democratic Senator Chris Van Hollen of Maryland. Just another Liberal Senator from a Liberal state, a Trump hater.

Jim Forsythe

I have no idea where the idea you have that the CBO is a leftist group came from . The people that are in charge of whom is the Director, appointed a Republican as Director. Just because the CBO does not lean as far to the right as you do , does not mean they are against any group. They do a good job of trying to stay out of Democrat vs Republican stuff.
Keith Hall is the CBO Director.
Keith Hall is a Republican, as also the two that appointed him.

"The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director after considering recommendations from the two budget committees. The term of office is four years, with no limit on the number of terms a director may serve. Either house of Congress, however, may remove the director by resolution. At the expiration of a term of office, the person serving as Director may continue in the position until his or her successor is appointed."
The current House Speaker is Congressman Paul Ryan from Wisconsin.
The current President pro tempore of the Senate is Utah Republican Orrin Hatch.

"A March 2017 survey of leading economists shows a consensus behind the notion that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."
"the CBO’s analyses and forecasting are regarded as good or better than others doing similar work... economists say that the CBO’s economic projections generally compare favorably against other outfits, and its long-term budget estimates have been fairly accurate."
"Historically, the House Budget Committee and Senate Budget Committee have insulated the CBO from external pressures and attempts to politicize or weaken the office"


Carlos Ponce

"I have no idea where the idea you have that the CBO is a leftist group came from ." YOU MUST be joking!
Keith Hall may call himself a Republican just like Mueller but that doesn't mean he's not a Leftist. Both are examples of RINOS.

Carlos Ponce

How about this report fro the Leftist Politifact:
March 2010, CBO estimated that 21 million people would purchase Obamacare coverage through the new insurance exchanges by 2016.
11.5 million individuals actually signed up
Accurate? Missing it by 9,500,000 is close, right?
CBO predicted 30 million fewer people would be uninsured in 2016 because of Obamacare.
After the fact, CBO REVISED this to 22 million.
Accurate? Missing it by 8,000,000 is close, right?
CBO is non-partisan by its bylaws, just like the FBI, the State Department, the IRS, the Justice Department etc. In fact they all lean to the LEFT. Can't blame Obama for this one. The Left tilt started before he took office.

Jim Forsythe

Mueller does not work for the CBO.
Hall may not be as far right as you like, but he is right of center. He is the one that was chosen to replace a Democrat.
I guess the person the Republicans choose, is not good enough for you. The CBO Director, most of the time has been someone that is close to center, which Hall is, as they must be able to work with Democrats and Republicans.
"Republicans had been split over whether to reappoint Elmendorf, who was named to the job by Democrats. Some prominent Republicans economists such as Greg Mankiw and Alan Viard had urged their colleagues to retain him, calling him a fair broker. Others led by Grover Norquist’s Americans for Tax Reform argued that Republicans ought to install their own person in the office. "
"But that's just one of a range of looming issues, from health care to the minimum wage, in which Hall's background as a right-of-center economist and Republican staffer will make a difference."
"The Republican-selected incoming director of the Congressional Budget Office shares views with conservatives on a number of issues, but his greatest chance to leave his mark will be on taxes.""The biggest difference between Keith Hall and outgoing Democratic appointee Douglas Elmendorf, said budget expert Stan Collender, will show up in how Hall treats dynamic scoring for tax changes."
Hall was nominated by President George W. Bush to the position of Commissioner of the BLS in September 2007


Jim Forsythe

CBO estimated was off.
Two reasons why the numbers were off. Fewer employers stopped offering coverage than expected and more Americans turned out to be eligible for Medicaid.
To be sure, the exchanges did not turn out to be as vibrant as expected. But their enrollment was also dampened because fewer employers stopped offering coverage than the CBO originally thought, said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget. This would have sent more people looking for policies on the exchanges. And, more Americans turned out to be eligible for Medicaid, further reducing the number of folks buying policies on the exchanges.
However, the agency was much closer to the mark on Obamacare's overall impact on coverage. In its original 2010 estimate, CBO thought the insured rate for non-elderly adults would rise to 92% in 2016. It tempered that view somewhat in 2013, after the Supreme Court ruled that expanding Medicaid was optional for states. The revised forecast was that 89% would have coverage in 2016. It turns out that 89.7% of Americans under age 65 had insurance last year, according to Centers for Disease Control and Prevention data. That's up from 83.4% in 2013, before the exchanges opened and Medicaid expansion officially began


Carlos Ponce

"Mueller does not work for the CBO."
But the analogy is the same. Mueller may have CALLED himself a Republican out of expediency. But look at the team that he has assembled - Democrats who supported the Hillary campaign monetarily. Birds of a feather flock together.Looks like a RINO!

Jim Forsythe

"Mueller does not work for the CBO."

Jim Forsythe

What is common with Hall and Mueller, is they were both appointed by Republicans and are Republicans. They are doing their jobs not for a party , but as a employee of the USA government. If you have a complaint, it's with the Republicans that appointed them. They must have been the best candidates for they job, as republicans appointed them out of the large pool of candidates, I guess you think that non-partisanship is a bad thing, in a job that requires it.

Robert Mueller is considered by most to be "apolitical,"
Mueller's political party doesn't seem to matter to Democrats or Republicans because he has a history of non-partisanship.
"He was joined by Republican leadership, too. Despite previously withholding his support for a special counsel, House Speaker Paul Ryan also came out praising Mueller." Mueller was appointed by Rod Rosenstein who was nominated by President Donald Trump.
.Rod Rosenstein is a Republican.

Carlos Ponce

We get it Jim. But the analogy still works.

Jim Forsythe

Republicans are appointing Republicans, and you still are not happy.
Kind of sounds like a Democrat talking.
If you have a problem with who is appointed, contact the one's in charge.
I'm happy with both appointees, but you seam to have a problem with them, as they are doing their jobs for the USA, and not just their party.

Carlos Ponce

When a person calls himself a Republican just to get a political appointment that's misleading and fraudulent. "By their fruits ye shall know them" is applicable here.

George Croix

Jim, RIGHT NOW a lot of people are excited to have more of their own money in their own pocket thanks to the new tax law.
Nobody knows what the future will bring, but right now that 2.9% looks darn good compared to the last few years....
The whole thing may turn out to be a bust. The Dems have already sworn to wipe out the tax cuts if they become able to, which makes one wonder if they consider gainful employment and actual self-sufficiency to be totally undesirable traits mnow. Could turn out, God forbid, just like the Clinton surplus projections that, like ALL projections are not really cash on hand but a prediction of what will be based on what is now, and are good on paper till something unexpected happens to wipe them out....a little thing like 9/11 did that in....another case of the bad wiping out the good.....
I goota confess that in my lifetime I've never heard so many people complain so bitterly about more opportunity for income growth, better and more jobs, and more money in their pocket.
Must be something in the water.....[whistling]

Jim Forsythe

George, sorry I can not get excited, as many times the Government has not deliver what is promised.
So, I will wait to say if it is good or bad. A few dollars today, may mean paying many more dollars in the future.
To get excited about a small sample of what the tax reform means, is premature.
Will we have to raise taxes to make up for the tax cuts today. That is a answer, that is years away.
Slowing of growth may happen for many reasons, and the new tax reform may not be able to generate the needed money.
Until I have completed more than one tax return , the truth may not be clear.

George Croix

"...as many times the Government has not deliver what is promised."
Truer words have never been spoken.
The histrionics from the usual suspects on BOTH political sides has gotten even more ridiculous.
The tax cuts are not a panacea for all that ails us, nor are they 'only helping the rich' and screwing the middle class. Both stances are total bunk.
The tax reform will NOT generate all the needed money by itself. It WILL, hopefully, provide incentive for more people to become gainfully employed or create jobs and that will provide more money. For sure, nobody gets well off, and the deficits never decrease, when you add another 20 plus million people to the welfare and food stamp roiles, then call it 'new normal'. Telling a lot of our freeloading 'allies' to go pound sand as it relates to unfair trade has got to be worth a little jingle extra, too.
I'd say benchmark #1 will be the return of the American middle class to firtst place standing, taking the crown back from Canada, which got it when we spent more time listening to speeches than watching positive results....[beam][beam].
Now, if we had that equally-fair-to-all national sales tax, and dumped the incentive killing
'progressive income tax', we wouldn't have to worry about filling out tax returns.... [wink]

George Croix

Goota?

Gotta...

Close enough

George Croix

Jim, I'm pretty sure the point is anyone can call himself whatever he wants, like with the silliness of how one 'identifies', but, ultimately, just because one says he's something doesn't mean he is...works in all directions.....
Like finding a can of spray paint labeled 'red' but with a green cap on it...you don't know for sure what you've got until what's inside, comes outside....

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