Poor Karl, His Tax Savings Could Be Erased

Of course Karl Rove is down with Trump’s tax cuts.

“President Trump is justifiably proud of passing tax reform last December, telling audiences ‘because of our tax cuts, you can keep more of your hard-earned money.’ He’s right: American taxpayers will save $75 billion this year and $189 billion next year, according to the Joint Committee on Taxation.”

To which any thinking person should ask, “WHICH American taxpayers will save those estimated billions?” Rove leaves out that the savings are skewed to the New Aristocracy of which he is a charter member.

Proving he’s the exact kind of Establishment Republican the Trumpeters despise almost as much as Democrats, he notes that, given the evolving Trade War, Trump’s tax cuts will be cancelled out by higher prices on imports coupled with some job losses.

“Yet the president’s tariffs on imports could negate much of the tax relief he’s been bragging about. These levies are not paid by foreign countries or companies. They are passed on to American consumers in the form of higher prices for either foreign or U.S.-made goods.

The Trump tariffs are now clawing back tax savings at a rate of roughly $10.6 billion per year. The levies already in place include 25% on steel (imports in 2017 were an estimated $23.4 billion), 30% on solar panels ($8.5 billion), 10% on aluminum ($18 billion) and 20% on washing machines ($1.8 billion). That’s chump change compared with what may be coming.”

The harsher the left’s criticism of all things Trump, the more inclined Trumpeters are to blindly follow him. Eventually, inflation and increased outsourcing of manufacturing jobs will test their knee-jerk, self-sabotaging love. Right?

shopping

Can We Please Stop Celebrating High School Graduation?

Like it’s an amazing accomplishment that means something significant. Note to the graduates. We expected you to successfully finish all twelve grades.

For shit’s sake, my cycling training is suffering and I missed a triathlon in Portland last weekend because of the first of an endless number of graduation-related events that dot the Byrnes family social calendar.

We’re long overdue on updating our traditions. Forty-fifty years ago a high school diploma was meaningful. High school graduates could get manufacturing jobs and support families. Now, a high school diploma is simply a ticket to continue around the game board of life. That’s all. It’s not an amazing accomplishment. And to the well intentioned people congratulating me in church on Sunday, not necessary. I didn’t sit in boring class after boring class or complete any homework. I did inquire about school at dinner (to no avail) and I did drive the forgotten violin to school a few times, but that’s hardly grounds for congratulations.

Here’s what graduating from high school means, plain and simple. Instead of having most decisions made for you, you get to make more of them yourself. Enlist in the military or enroll in a vocational program, a community college, or a four year college or university. In a few more years, if you apply yourself in one or more of those settings, you will have sufficient knowledge and skills to begin making a positive difference in people’s lives and get paid a living wage. And you’ll be economically independent.

And then we’ll party hearty.