Madison tech and media entrepreneur Sage Weil, a member of the group, says the 2017 Tax Cuts and Jobs Act did nothing to help the economy.
Nonprofit group Patriotic Millionaires says Trump’s tax plans would hurt Wisconsin
Tag: corporate taxes
Trump 2.0: Project 2025 Could Impact the Economy and Your Finances
The Trump team lied. Project 2025 is influential with his transition team and his second cabinet.
Project 2025 Could Impact the Economy and Your Finances
What economic proposals are in Project 2025?
Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:
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Philippines’ Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’
Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’
THE PHILIPPINE Senate would put proposals to change the 1987 Constitution on the back burner and would instead focus on measures to boost the military amid growing tensions with China, according to the Senate president.
The chamber would also pass bills that seek to boost healthcare and jobs while easing hunger, Senate President Francis “Chiz” G. Escudero said in a speech as Congress resumed sessions on Monday.
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At the weekend, he said they would tackle a proposal to amend the Electric Power Industry Reform Act (EPIRA) amid blackouts.
The Senate will also push changes to the Corporate Recovery and Tax Incentives for Enterprises (CREATE), particularly lower taxes on domestic and foreign companies.
Mr. Escudero said Congress should go beyond laws that only benefit big business, and find solutions to problems with healthcare, joblessness and poverty.
“We will take peaceful measures to defend our people’s right to sail in our seas and fish in our waters, as what our ancestors had done, and what our children and grandchildren shall do,” he added.
The Senate in December passed a bill that seeks to boost the country’s defense program through investments in local defense equipment manufacturing. The measure will give the Department of National Defense P1 billion in seed funding.
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Also on Monday, Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said the House of Representatives would also seek changes to EPIRA.
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He said changes to EPIRA, which liberalized the power industry, would bring down electricity prices and ease inflation.
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It would now fast-track changes to EPIRA and a bill that seeks to extend the lease period for foreign investors. Other pending measures include amendments to the Agrarian Reform law and another that will modernize national defense.
“We have to continue building roads, highways, ports, school buildings and climate change-proof structures to maintain and expand economic growth,” Mr. Romualdez said. “I emphasize our commitment to pass the remaining priority bills before the end of the third regular session.”
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Jose Enrique “Sonny” A. Africa, executive director of think tank IBON Foundation, said it is wrong to equate economic progress with growth given the increasing number of poor Filipino families.
“Most Filipinos haven’t become better off because of this growth,” he told BusinessWorld. “The number of self-rated poor families has soared by 3.4 million since the start of the Marcos administration from 12.6 million in June 2022 to 16 million in June 2024.”
Related:
Read More »Guyana to Receive Pyrrhic Profits From ExxonMobil Oil Production
The profits received by the Guyanese national treasury are minuscule compared to the enormous profits to be reaped by the US oil company ExxonMobil from the exploitation of crude oil in the Stabroek block, located in waters that have not yet been delimited with Venezuela. Although this fact has caused the historical dispute between both nations to heat up, it is paradoxical that Guyana is the least favored in this equation.
Guyana to Receive Pyrrhic Profits From ExxonMobil Oil Production
Master Lock closes its plant in Milwaukee after 100 years
Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine
At a press conference Sunday following the G7 summit in Hiroshima, Japan, President Joe Biden called on Republican House Speaker Kevin McCarthy to meet face to face to revive talks on a bipartisan plan to slash social spending in return for raising the nation’s debt ceiling and averting a default.
Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine
Democrats Lambast GOP Plan to Abolish Income Tax and Impose 30 Percent Sales Tax
Strikes & protests in France (and demonstrations in the US)
Strikes grow as Macron postpones threat to crush French refinery strike
Related:
French left-wing parties gather protesters to march in Paris, as refinery strikes persist
MSM was all over the cost of living protests but nothing about the Anti-NATO protests. Videos have emerged of police repression in Paris (at which protest, I’m unsure). Meanwhile, in the US, the Poor People’s Campaign, and allies, held multiple demonstrations to get out the vote (which were mainly covered by local news).
SO it begins, U.S. starts INVASION of Haiti with military force
Oct 13, 2022 “The United States is moving forward with military missions in Haiti and Canada is considering getting involved too. The coast guard has sent ships with machine guns, which signals some kind of special, covert operation. Life in Haiti is in chaos and increasingly so by the day. Protestors are calling for the resignation of Prime Minister Ariel Henry and are blocking imports of critical infrastructure such as gasoline imports. Banks and grocery stores are operating on limited schedules. What is the U.S.’s interest in this? We break it down with independent journalist Dan Cohen from Uncaptured Media.
SO it begins, U.S. starts INVASION of Haiti with military force | Redacted with Clayton Morris
Note: Dan Cohen claims that Jimmy Cherizier has changed his tune. Canadian-based Haitian, Jafrikayiti, argues otherwise.*
Related:
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