In Follow-Up To Yesterday

December 22, 2017

I thought I should give you some encouragement on the tax reform bill as by now if you’ve watched the Lame-street Media you’ve been inundated with all the bad that’s gonna happen because of this “GOP Tax Scam”.

Hat-tip Ben Shapiro of The Daily Wire, when Ireland lowered its corporate tax rate from 40% (wow!) to 12.5% in 1995 it resulted in a whopping 23% GDP growth.  Ireland benefited greatly with over $277 billion worth of U.S. direct foreign investment. Now those companies can come back home to America.

What’s more, the tax reform bill is like a giant “permission slip” to companies holding profits abroad to repatriate that money. Under the old tax plan they would be taxed 35% when bringing profits back to America -ouch! Under the tax reform they’ll be taxed at new ultra-low rates: 8 percent for profits invested in real estate and other hard assets abroad, and 15.5 % for profits in cash and stock and other liquid assets.

This makes it affordable for Apple to repatriate the $252.3B cash it currently holds overseas. Apple would be able to take advantage of a one-time tax break, paying just 15.5% tax on the cash, rather than the 35% it would have had to pay previously. If Apple decides to make the move taking advantage of the one-time opportunity and brings all their hoarded cash back to the US, it would pay $39.1B in tax!

Now that’s no small potatoes Nancy & Chuck-U. 15.5% of something is better than 35% percent of nothing!

Aloha, Mikie ~just a blogger (fightin’ like a girl)

~Psst, tired of politics? Check out Travel in the Categories drop down menu (right side panel) for my blogs posted from interesting locations during my travel adventures.

FBI Director Feeling The Heat

March 9, 2016

No, it’s not just Bernie Sanders’ fans feeling the Bern. There’s a lot of heat coming down on James Comey, the FBI Director chiefly because he is one of the few in Washington D.C. with any affinity for the rule of law. It’s making things uncomfortable for him as he refuses to go along with the program.comey

Let’s face it a guy who has threatened to resign over principle -Wow! Director Comey finds himself on the wrong side with that slime-fest over at the White House on several issues.

One:  Silicon Valley elites are huge supporters of and donors to the Democrats so when a legitimate national security issue comes up where they actually got a specific warrant to crack the San Bernardino terrorist’s phone the White House is not real keen to rock that boat.

Two:  Comey quite rightly connects increased crime with the ‘Black Lives Matter” (BLM) movement which former Attorney General Holder and President Obama slobber over. His assertion 3 times in a speech in Chicago that all lives matter and making an explicit argument for aggressive policing as a means of reducing crime, Obama meanwhile is bloviating about fairness in policing.

Three:  The split over Clinton’s email server is the biggie according to The Hill. It is the most politically charged issue facing the FBI, with nothing less than the race for the White House potentially at stake. Obama has opined publically that no national security breach has occurred with Hillary’s basement server despite the fact that we now know hundreds of emails on it contained classified information. Attorney General Loretta Lynch answered Fox’s Bret Baier with non-answers as she dodged when he asked her if the American public deserved to know the truth about the emails. She answered:

“There is no double standard on this or any other matter being handled by the Department of Justice.”

Really? What about the IRS scandal that went nowhere despite overwhelming proof that Obama used the dept. to go after conservatives and religious groups. Hey, just plead the 5th and go into early retirement. Then there was all the stalling on Fast ‘n Furious FOIA requests -just to name a couple.

But now that the FBI has given a Clinton State Dept. aide immunity we may be getting somewhere. Maybe not, but still I like this guy Comey.

Aloha, Mikie ~just a blogger (fightin’ like a girl)

~Psst, tired of politics? Check out Travel in the Categories drop down menu (right side panel) for my blogs posted from interesting locations during my travel adventures.

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