Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

Both houses of congress have now passed the 2017 Tax Cuts and Jobs Bill. After four hours and near blindness, I finished all one thousand plus pages. Every citizen should read this bill. In Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Big Little Reforms

Especially relevant is the public relations effort by republicans to convince voters this is a ‘sweeping’ reform of the US tax Code. In fact it is an amendment to a budget bill that further amends the 1987 Tax Reform Act.

Everyone Loves Or Hates

Moreover, if you read the bill, you should almost have a copy of the 1986 Tax Reform Act handy. Both sides of the so called political divide are touting how great this legislation is, or how it will end the world as we know it.  I’ll give you some details in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Please Hold For Your Tax Attorney

Truth is if you are in business you’re still going to need an accountant and tax attorney advise you. Some businesses will see their taxes increase. Some individuals will see their taxes increase. Sure, the standard deduction has been doubled and tax rates reduced…but…

It Might Be Good…Then Again

There will be fewer deductions and thus fewer ways to legally reduce exposure to taxation. Depending on your specific situation you might see an increase or decrease in your overall tax. I explain some of this in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688. In addition, listen to my tax reform podcast to understand the political game going on under the guise of fixing the tax code.

Never Underestimate The Power of Free Beer

There are scores of pages concerning craft beer, wine and spirits. Guess all those receptions with free hootch for members must have worked! Finally there are lots and lots of new rules regarding businesses of all kinds.

Beware of Congressmen Bearing Cool Sounding Jargon

When congressmen and senators go out among the people and talk about all they have accomplished, you’re going to hear the words ‘pass-through’ and ‘average american will save’ such and such a lot. What does it all mean? Find out in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

More Government Control

In conclusion my final reaction is the sadness I feel that our federal government controls so much of what we do as citizens through the mechanism of taxation. Republicans who campaigned on a tax cut have certainly paid off on that promise, at least until 2025, but at what price. That is the 1.2 trillion dollar question. President Trump signed the bill into law Friday afternoon.

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

Podcast 570-Election 2016 Results

Podcast 570-Election 2016 Results. Comprehensive analysis and minute by minute vote totals for Election 2016. How do podcasters cover presidential elections in real time without being live on the air, and without streaming? Podcast 570-Election 2016 Results shows you how. Follow along as I experience the election in real time on November 8th, 2016. The world seems surprised at news that Donald J. Trump has won the presidential election in The United States. Podcast 570 and Podcast 569 are meant to be listened to as companion podcasts. Since I did not endorse either candidate, I was able to provide objective analysis and experience the race objectively. Podcast 569 broke down the final poll data for the state by state races, avoiding any analysis of the national presidential preference polls. This minimized the surprise for anyone subscribing to the Bob Davis Podcasts, because you already knew no one could comfortably call this race. That did not stop the charlatans in talk radio, cable news and on line from attaching probabilities, or calling the race for one or the other. Not only was this race surprising overall, it was surprising on the state by state level. For the most part though, the state by state polls were either close to the totals in some cases, or within the margin of error. The US election is a state by state election, with the electoral college actually choosing the president on or about the 15th of December. In this hour plus long podcast I’m joined by friends, and family on the phone as well as a late night visit from local Minnesota Politico and web developer Mitch Rossow. At the close of this podcast we’re still waiting for Michigan and Minnesota returns to come in. I’ll have to update those on the next podcast. With Republicans retaining the Senate and the House majorities, and now winning the Presidency, now it is a question of the way forward. We’ll be talking about these issues and more on future podcasts. Pundits like to say the country is divided. What they might say is we can now agree on one thing. The worst election in recent memory is now, mercifully, over. And, tomorrow is another day, after all. Sponsored by Ryan Plumbing and Heating and X Government Cars.

PODCAST 423

Republican Crack Up. A Republican Majority struggles to nominate a successor to Speaker Boehner. Moderate leadership is losing its grip because 40 ‘insurgent’ ‘freedom caucus’ Republicans refused to support top candidate Kevin McCarthy. Amid controversy over McCarthy’s Benghazi Hearing comments, and allegations of an affair, the collapse of order in the election of a new speaker, the candidacy of Donald Trump and the terrible performance of moderate candidate for the Republican presidential nomination, Jeb Bush, one must wonder whether the moderate leadership is finally losing its grip. They have no one to blame but themselves. The moderate leadership of the Republican Party seems more and more out of touch with an increasingly frustrated and angry base. ‘Going along to get along’ seems to be the wrong course of action. What does the base want? Can the Freedom Caucus lead the house? Those are turning out to be much more complex questions. In a free wheeling stream-of-consciousness podcast, we discuss the underpinnings of Republican rank and file political philosophy and find … none. Senator Ted Cruz recently suggested what is needed to change America is a ‘grassroots’ movement, only without organization, there is no movement. Without philosophical underpinnings, there is no organization. Republicans, tea partiers and others on the right might suggest a ‘freedom caucus speaker’ might lead them out of the wilderness. Lead them where? To What? How? Uh….yeah. Thus, the best opportunity to elect a Republican President in years begins to fade, with a moderate leadership that can’t even run an election for speaker of a house it controls, and a rank and file that wouldn’t recognize, or vote for Ronald Reagan today. With this kind of comedy in progress, Democrats never had it so good. Sponsored by Ryan Plumbing and Heating of Saint Paul and Pride of Homes.

Podcast 335

Political Crossroads. Freewheeling discussion of the big stories from the week. The Hillary Clinton Email spectacle, police shot in Ferguson, Senator Tom Cotton’s letter to the Iranians, and in the wake of his DHS vote and visit to Selma, Congressman Tom Emmer gets the better of the North Metro Tea Party. Police groups say ‘anti government’ sentiment is the cause of a disturbing increase in ambush shootings of officers. Weak minded individuals are influenced by ‘anti government’ types, who then go out and shoot cops. Really? Or, do criminals use popular protests as a justification for their bloodlust? The city manager and police chief of Ferguson, Missouri resigned, provoking a late night, unruly group of people to protest. Shots rang out and two police officers were wounded. Michael Brown’s family and protest groups issued statements decrying the shooting, blaming ‘outsiders’, without knowing whether it’s true. Who can forget the chants at one of Al Sharpton’s protests, “What do we want? Dead Cops”. Yes, words matter, protesters. Surveys show more Americans do not trust their government. Can you blame them? The United States was in fact created by anti government types. Their creation is designed to protect citizens from the government, not the other way around. If you don’t trust the government, you’re American! Democrats think Freshman Senator Tom Cotton is anti American because he had the temerity to challenge President Obama’s unilateral (that means he didn’t consult Congress on it) deal with the Iranians. A deal the President claims will prevent them from getting nuclear weapons. Tom Cotton and 46 other Senators don’t agree, and they wrote a letter to Iran’s government suggesting a future president could obviate the deal, sooner than ten years. Oh The Humanity! The wailing and the gnashing of teeth! How dare the Senate step on the constitutional toes of the White House! And when the Senate hits pay dirt, what does leadership do? Run away as fast as it can. With moderates running the House and Senate flexing their muscles and coming down on ‘extremist’, ‘populist’, ‘upstart’, and ‘radical’ lawmakers, it looks more and more like the so called Freedom Caucus and the Tea Party Movement is waning. The same dynamic played out in the wake of Congressman Tom Emmer’s controversial vote on DHS funding. Pilloried by the North Metro Tea Party, Tom responded on this podcast, and in other media outlets, and despite being called names, shouted at, and threatened with competitors in 2016, the Congressman appears in the mainstream media as a reasonable, hardworking congressman, humbly serving his constituents. Did Emmer win this round with the Tea Party? Squeak all you want, the wheel that gets the grease these days is the one with the votes, and money. As the tea party and libertarian movements falter, and perhaps fade, the political crossroads is one way. The chances of a Bush/Clinton contest in 2016 only increases if this is true. Sponsored by Baklund R&D

Podcast 256

Obama’s Executive Orders. As we head into the weekend, we’re in the middle of a political firestorm. The President has issued orders granting a 3 year amnesty to a selected group of illegal immigrants. To begin with, the major broadcast networks refused to give the President air time, which infuriated the White House. Staffers complained the networks had given President George W. Bush airtime to announce the National Guard was being sent to the southern border to assist in security, in 2008. The networks retorted that Bush’s announcement was a bipartisan enforcement of existing immigration law. Kind of a slap in the face to the current administration, and from the major mainstream media broadcast networks no less. However, don’t think the networks are finally coming to their senses. Maybe it’s just that the President doesn’t command the kind of audiences he used to, given a popularity rating hovering around 40 percent. The biggest problem with the President’s executive order? Not long ago, he himself said he didn’t have the authority to make law. Whether or not the President’s orders are legal will have to be determined going forward with lawsuits and legislation. Largely though, it will be a matter of public opinion, due to the fact that courts are loathe to intervene in disputes between branches of the federal government. In the end this will be worked out through the ballot box, and citizens will have to decide whether they think the President overstepped authority. It is certainly true Congress chose not to act on immigration, which is itself acting. It is also true that courts have suggested the president’s authority to act through executive orders has limits. One of the key questions is whether he has usurped the congressional constitutional responsibility to legislate and whether he has refused to enforce the law in this case, which could end up creating a constitutional crisis. This whole controversy drives home the fact that elections – especially Presidential elections – have long term consequences. The reaction to this action churlish action by President Obama should be to organize neighborhoods and precincts, so that attempts to use the office to build support for progressive policy and politicians in the future, won’t work. One of the craziest suggestions this week was that the US should repeal the 22nd amendment, which term limits the US presidency. The argument suggests that if Obama had to run for a third term, he wouldn’t be as likely to issue these kinds of orders. Meanwhile, for the time being the White House has succeeded in taking control of the news cycle. The good news is we can depend on this White House acting true to form, which suggests they’ll encounter a real crisis, which the President will screw up and then we’ll all be talking about that! One person who is thrilled with the executive order … Jonathon Gruber, the ‘brilliant’ MIT ‘economist’ who thinks the voters are stupid, and he is thrilled because for the time being, no one will be talking about his latest video. Sponsored by X Government Cars

 

Podcast 255

Immigration Reform. (Midweek update, a little late due to a long podcast with Andrew Richter and Jason Bradley. The point of podcast 254 is that you can stop unelected regional boards from encroaching on your town. While critics of organization say you have to have candidates who inspire people to get involved first, where will the candidates come from? Local politics is one of those areas were individuals can have a huge impact. Thanks again to Community Solutions MN for joining the Bob Davis Podcasts.) President Obama prepares to issue executive orders granting amnesty to some three million illegal immigrants across the US, igniting a political fire storm. The President wants Republicans to pass the Senate Immigration ‘Reform’ bill, which has been languishing since last year, Republicans don’t want to pass it. So, the President will issue orders that accomplishes the same thing. Sort of. The idea of using executive orders to ‘legislate’ from the White House is controversial; one of the oldest constitutional arguments in the Republic. Courts have supported Presidents who use executive orders in an ’emergency’, but that doesn’t make them any less controversial and politically provocative. George W. Bush got into hot water with detentions , surveillance and ‘Gitmo’. Obama questioned how far he could go on immigration as late as last year, suggesting to supporters in the Latino Community that he could only use executive power related to existing legislation. Now he appears to have changed his mind. Since the President and now minority Democrat leadership in the House and Senate are moving to the left, expect more executive orders designed to ignite debate and draw attention to their issues, and their agenda in preparation for 2016. Don’t expect President Obama’s actions to be designed to help Hillary Clinton. Rather, it might be suggested the President, Harry Reid and Nancy Pelosi are moving to the left, to lay the groundwork for an Elizabeth Warren presidential run. Deflation is now the number one financial news story after being featured on the Bob Davis Podcasts last month and earlier in November, 2014. With Japan in recession, Europe on the brink and China in trouble, central bank stimulation and big government public works projects are not working. The solution? More central bank intervention and public works projects! Really? Meanwhile, depending on what fourth quarter US economic numbers show, get ready for sandbagging. Already defenders of more public works projects and cotton candy from the central banks are pointing to ‘cold weather’ as the reason for potentially (hasn’t happened yet, but just in case) negative economic numbers. We have had earthquakes, hurricanes, hot summers and cold winters during economic boom times as well, but suddenly ‘the cold’ (which has lasted two weeks) is causing an economic slow down? Keep in mind as late as a week ago the media was telling us the reduction in oil and eventually gas prices would act as a boon to the US economy. What happened to that line of reasoning? “Cheaper gas acts like a tax cut” they say. Really? Bottom line is, Keynesian economic policies don’t work. One thing cheaper gas means, according to Bloomberg.com, is people will be flooding onto the nation’s highways for the Thanksgiving Holiday. A whopping .1 percent increase as compared to air travel this year. The Bob Davis Podcasts will be out on the road to report on this story. If you plan on driving to this year’s Thanksgiving feast at the relatives, Podcast 255 has some suggestions on how to avoid the traffic. Sponsored by Baklund R&D.

Podcast 78

Start your Monday off with a heads up on the big political stories this week. As we work our way toward Thanksgiving, everyone will be talking about Obama Care. Will Healthcare.gov get fixed by the end of November? A new poll shows the President’s approval ratings in trouble, in many key areas. What will the key issues of the 2014 election cycle be? What should the Republican strategy be? Can the Democrats salvage this. What are they already doing? Get ahead of this week’s news cycle now with Podcast 78! Sponsored by Ryan Plumbing and Heating of Saint Paul.