Arizona’s merchandise exports to Mexico totaled $1.87 billion for the first quarter of 2017, a decline from the $2.04 billion reported for first quarter 2016. Among the states, Arizona ranked fifth in first quarter 2017 exports to Mexico, behind Texas ($58.2 billion), California ($6.2 billion), Michigan ($3.2 billion) and Illinois ($2.3 billion). Despite the political ambiguity created by the Trump administration, estimates of Mexico’s 2017 economic growth rate have continued to inch up. Mexico’s economy is projected to grow by 1.9% in 2017. By way of comparison, the economy of the United States is expected to grow 2.2% during the year.
Cross-posted from RestoreReason.com.
As a leader in the military, I learned a long time ago that if something was easy to fix, someone would have already fixed it. President Trump evidently hadn’t learned that prior to his election, but since then, has time and again realized that uh, YEAH, this shit is hard!
Take the border wall for example. It might have been good “red meat” for his supporters, but there are three good reasons why there is not a finished border wall along our southern border: 1) it is a very complicated endeavor, 2) it is really, really expensive, and 3) it won’t solve the problem of illegal immigration. I mean, get real! Trump isn’t the first politician to try to make hay with this issue, but the rhetoric always slams into reality eventually.
I knew for example in 2011, that Arizona Senator Steve Smith wasn’t going to get anywhere with his “www.BuildTheBorderFence.com” initiative and I was right. Smith promised to raise some $50 million to build a 15 foot fence at busy border-crossing points and erect fences where there were no federal fences. After three years however, the project had only raise $265,000, not even one-tenth of the $2.8 million needed to build the first mile of fencing. As for the $265,000, last I could find the advisory committee assigned to do something with the funding were asking sheriffs how they would use it. Continue reading
The so-called “Trump rally” in the stock market is fueled by unbridled greed and giddy anticipation of a huge corporate welfare tax cut package “even as Washington remains gridlocked and evidence of any real pickup in the economy is scarce.”
The market impact of the Trump presidency is based so far on prospects — with details and congressional dynamics left to be sorted out — rather than accomplishments.
* * *
The cause for bullishness on Tuesday was Mr. Trump’s new call to cut the corporate tax rate to 15 percent, from 35 percent — deficits, perhaps, be damned.
As the Sith Lord Dick Cheney infamously reminded us, “Reagan proved that deficits don’t matter” to Republicans when they are in the White House.
The New York Times reports, Trump’s Tax Plan: Low Rate for Corporations, and for Companies Like His:
President Trump plans to unveil a tax cut blueprint — not an actual bill — on Wednesday that would apply a vastly reduced, 15 percent business tax rate not only to corporations but also to companies that now pay taxes through the personal income tax code — from mom-and-pop businesses to his own real estate empire, according to several people briefed on the proposal.
The package would also increase the standard deduction for individuals, providing a modest cut for middle-income people and simplifying the process of filing tax returns, according to people briefed on its details. That proposal is opposed by home builders and real estate agents, who fear it would diminish the importance of the mortgage interest deduction. And it is likely to necessitate eliminating or curbing other popular deductions, a politically risky pursuit.
As of late Tuesday, the plan did not include Mr. Trump’s promised $1 trillion infrastructure program, two of the people said, and it jettisoned a House Republican proposal to impose a substantial tax on imports, known as a border adjustment tax, which would have raised billions of dollars to help offset the cost of the cuts [and to pay for Trump’s folly of a border wall.]
Posted in AZBlueMeanie, Congress, Corruption, Economics, GOP War On..., Infrastructure, Legislation, Mexico Border, Party Politics, President, Scandals, Taxes
Tagged budget deficits
With a federal government shutdown looming on Friday at midnight unless a continuing resolution (CR) spending bill is passed before then, last week Donald Trump resorted to hostage taking to try to get his way for funds for his border wall and undermining “Obamacare” for millions of Americans. Trump to Democrats: Pay for My Wall, or Obamacare Gets It! This was followed by this ridiculous hostage demand:
[B]udget chief Mick Mulvaney explained in an interview with Bloomberg Friday, the administration is offering $1 of funding for Obamacare’s crucial cost-sharing reduction subsidies for every $1 of money Democrats pony up for the wall. Here’s the full quote:
We’ve finally boiled this negotiation down to something that we want very badly, that the Democrats really don’t like, and that’s the border wall. At the same time there’s something they want very badly that we don’t like very much, which are these cost sharing reductions, the Obamacare payments. Ordinarily, in a properly functioning Washington, D.C., as in any business, this would be the basis upon which a negotiated resolution could be achieved. The question is how much of our stuff do we have to get, how much of their stuff are they willing to take, and that’s the way it should work. That’s the way that we hope that it works. We offer them $1 of CSR payments for $1 of wall payments. Right now, that’s the offer that we’ve given to our Democratic colleagues. That should form the fundamental understading that gets us to a bipartisan agreement.
The implicit threat here is that, if Democrats reject this deal, the White House will cease making the subsidy payments, and likely bring Obamacare crashing down. It is not especially credible. Democratic leaders are already responding with snark: Before, Mexico was supposed to pay for the border wall. Now, Trump’s threatening the health care of millions to get taxpayers to cover it.
Posted in Arizona Congressional Delegation, AZBlueMeanie, Budgets, Congress, Economics, GOP War On..., Healthcare, Immigration, Legislation, Mexico Border, Party Politics, President, Taxes
Tagged border security, government shutdown, health insurance, Obamacare, retirement
For the year 2016, Arizona’s exports to Mexico totaled $8.3 billion, down from the $9.1 billion recorded in 2015. Arizona ranked fifth among the states exporting to Mexico in 2016, behind Texas, California, Michigan, and Illinois. The American economy is forecast to grow 2.3% in 2017. Economists have downgraded Mexico’s projected economic growth rate from approximately 2.5% to 1.5% mainly due to the uncertainty generated by the Trump administration’s anticipated policies. Since Mexico’s economic wellness depends in large part on its relations with the U.S., the country’s economic future looks a bit cloudy at this time.
Charles Pierce at Esquire covers this story in the way only he can, so let him tell this story. This Is What America Means to Jefferson Beauregard Sessions III:
We’re going to have to make a semi-regular daily feature on the doings of Jefferson Beauregard Sessions III, presently the Attorney General and the only man in America who thinks Birth of a Nation was a documentary.
On Tuesday, he visited the Arizona-Mexico border in Nogales, Arizona, with Arizona Gov. Doug Ducey and, by way of encouraging the law-enforcement types gathered there, according to Tiger Beat On The Potomac, these were his prepared remarks:
“Depravity and violence are their calling cards, including brutal machete attacks and beheadings,” he said. “It is here, on this sliver of land, where we first take our stand against this filth.”
Nobody I know is in favor of depravity and violence—at least outside the studios of Fox News, anyway—nor is anyone I know in favor of machete attacks and/or beheadings, although some of our staunch allies elsewhere are rather high on the latter. But when you’ve got the attorney general of the United States planning to refer to other human beings, no matter how criminal they are, as “filth,” you’ve got the Department of Justice descending into the status of a Breitbart comment thread, and that is never good for anyone. When it came time for the speech, Sessions ultimately did not say “filth” out loud, but the Department of Justice doubled down on the word in a statement:
The Department of Justice declined to comment on the departure from prepared remarks, but said:
“As the Attorney General said in his statement, we must take a stand against filth like MS-13 and the cartels that turn cities and suburbs into warzones, that rape and kill innocent people, and that profit by trafficking in drugs and people. It is unfortunate that there are misinformed people that think that we need to treat such violent criminals as if they deserve anything but the worse kind of condemnation.”
Posted in AZBlueMeanie, Civil Rights, Constitution, Corruption, Courts, Crime, Drug Policy, Ethics, GOP War On..., Governor, Immigration, International, Justice, Law Enforcement, Mexico Border, Party Politics, President, Racism, Scandals
Tagged Attorney General, immigrant children