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4 hours ago, BarryLaverty said:

Been going on since Obama took office, the attacks and the smears.  Can't go a day on here without calls for different Democrats to go to jail for whatever reason can be spewed up. 

There is a difference between real corruption, bad policies and a totally biased liberal media ignoring all of it .... compared to phony charges and witch hunts egged on by the liberal media ....

Edited by KirtFalcon
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1 hour ago, KirtFalcon said:

There is a difference between real corruption, bad policies and a totally biased liberal media ignoring all of it .... compared to phony charges and witch hunts egged on by the liberal media ....

What could very possibly be the worst event in our Government History, and the MSM ignores it.  Good grief, you’d think Americans would be screaming for the truth, whatever that truth may be.  It’s a freaking head shaker.

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6 hours ago, BarryLaverty said:

You defending the use of of the word 'retard', Danny Zuco, to refer to someone? I thought you might be an educator. Maybe not. 

Not really very funny to me, but the Trump era has embraced and excused a lot of slimy, aberrant behaviors, by laughing them off, so par for the course. 

Coming from Barry Lavatory, That’s hilarious!!!!😂

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On environmental rules, as they asked for relieve on Obama rules, but they now feel the Trump administration is going way too far the other way.

https://www.nytimes.com/2019/06/06/climate/trump-auto-emissions-rollback-letter.html?action=click&module=Top Stories&pgtype=Homepage

Automakers Tell Trump His Pollution Rules Could Mean ‘Untenable’ Instability and Lower Profits

 
SUV production at a General Motors plant in Arlington, Tex.CreditMatthew Busch/Bloomberg
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SUV production at a General Motors plant in Arlington, Tex.CreditCreditMatthew Busch/Bloomberg

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WASHINGTON — The world’s largest automakers warned President Trump on Thursday that one of his most sweeping deregulatory efforts — his plan to weaken tailpipe pollution standards — threatens to cut their profits and produce “untenable” instability in a crucial manufacturing sector.

In a letter signed by 17 companies including Ford, General Motors, Toyota and Volvo, the automakers asked Mr. Trump to go back to the negotiating table on the planned rollback of one of President Barack Obama’s signature policies to fight climate change.

The carmakers are addressing a crisis that is partly of their own making. They had sought some changes to the pollution standards early in the Trump presidency, but have since grown alarmed at the expanding scope of the administration’s plan.

Mr. Trump’s new rule, which is expected to be made public this summer, would all but eliminate the Obama-era auto pollution regulations, essentially freezing mileage standards at about 37 miles per gallon for cars, down from a target of 54.5 miles per gallon by 2025. The policy makes it a near certainty that California and 13 other states will sue the administration while continuing to enforce their own, stricter rules — in effect, splitting the United States auto market in two.

For automakers, a bifurcated market is their nightmare scenario. In the letter to Mr. Trump, they warned of “an extended period of litigation and instability” should his plans be implemented.

The letter was delivered to the White House on Thursday morning, the same time as a similar letter to Gov. Gavin Newsom of California, according to a senior auto industry lobbyist.

 
 

In the letter to Mr. Newsom, the automakers said they would like to see a standard that is “midway” between the current Obama rules and the rollback proposed by Mr. Trump.

The letter to Mr. Trump said, “We strongly believe the best path to preserve good auto jobs and keep new vehicles affordable for more Americans is a final rule supported by all parties — including California.”

A White House spokesman, Judd Deere, in an email put the blame on California, saying the state “failed to put forward a productive alternative.”

Mr. Newsom said he is not interested in a “midway” deal requiring California to loosen its rules. “A rollback of auto emissions standards is bad for the climate and bad for the economy,” he wrote in an email. “I applaud the automakers for saying as much in their letter today to the President. We should keep working towards one national standard — one that doesn’t backtrack on the progress states like California have made.”

The letters are the latest twist in Mr. Trump’s effort to roll back regulations on auto manufacturing, an industry he has vowed to support. Some industry chief executives and lobbyists have been privately telling the White House for months that the president’s efforts may do more harm than good, but Thursday’s action represents a particularly strong pushback.

“Our thinking is, the rule is still being finalized, there is still time to develop a final rule that is good for consumers, policymakers and automakers,” said Gloria Bergquist, a vice president at the Alliance of Automobile Manufacturers.

Criticizing the president’s plan comes with risk for the automakers. The White House has courted their support for his moves, and, privately, some officials have said that they fear industry criticism could lead the president to retaliate by imposing tariffs on auto imports. That, too, could be painful, because many cars and components are now made or partly assembled across the border in Mexico or Canada.

But they also fear the costs of the uncertainty and regulatory headaches that potentially await them should Mr. Trump’s rollback go through as planned.

For example, automakers would have to demonstrate that the average mileage of all the cars they sell in California is much higher than in states like Utah, where the new Trump standard of about 37 miles per gallon would be in effect.

But because Americans increasingly prefer SUVs over thriftier vehicles, manufacturers might have to significantly cut prices on electric vehicles in the high-mileage states, a potentially money-losing proposition, while raising the prices of gas guzzlers. At the same time, auto lots in low-mileage states might hold a completely different mix of vehicles at different prices.

 

If car buyers simply cross state lines to buy gas-guzzlers and bring them into the cleaner-standard states, it could create more regulatory headaches for the companies, which could also be subject to fines from high-mileage states if they fail to comply.

In asking Mr. Trump to revise his proposal, the automakers effectively withdrew their support for the current plan and asked the president to make a deal with California, a state that he appears to relish antagonizing. Mr. Trump has variously described California as “ridiculous,” “out of control” and “the state that has wasted billions of dollars.”

California has been equally vocal in taking on Mr. Trump. Xavier Becerra, the California attorney general, has said repeatedly that the state intends to sue over the weakening of the auto pollution rules. In one such remark this year, he said he was “prepared to defend our national clean car standards even if the Trump administration intends to go AWOL.”

While two of the nation’s Big Three companies signed the letter, the third, Fiat Chrysler, did not. Other automakers who signed the letter include BMW, Honda, Mazda, Nissan, Subaru and Volkswagen.

 
The president during a March 2017 meeting in Michigan with auto industry executives.CreditNicholas Kamm/Agence France-Presse — Getty Images
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The president during a March 2017 meeting in Michigan with auto industry executives.CreditNicholas Kamm/Agence France-Presse — Getty Images

The automakers conceded in their letter that they were seeking to solve a crisis that they helped set in motion. Soon after Mr. Trump took office, chief executives from Detroit’s top automakers personally asked the president to loosen the some elements of the Obama-era regulations.

However, the Trump administration went further than the industry expected, using the rollback to attack California’s legal authority to set its own rules. Since the 1970 Clean Air Act, California has had special authority to write its own pollution regulations.

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The Trump administration last year unveiled a draft plan that would have rolled back the Obama rule and stripped California of the right to set tougher state standards. In subsequent months, both sides said they hoped to negotiate their way to a final plan that would lead to one national standard, avoiding potential courtroom showdowns.

But in February, the White House announced that it had ended talks with California, essentially ensuring that the final outcome would lead to litigation.

Supporters of the tougher pollution standards said they were glad to see the automakers tell Mr. Trump that his plan would be harmful but they questioned how effective the letter would be, coming so late in the regulatory process and directed at a president who has shown little inclination to compromise.

“At this point, they need to state clearly and bravely what they’re going to do, and then they should cut a separate deal with California,” said Margo Oge, a former senior auto policy official in the Obama administration who now serves as an informal adviser to several auto companies.

“I’ve told the companies that siding with California is the only thing that’s going to protect them from uncertainty.”

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That is very fixable, but DC doesn't work like that, anymore.

 

.https://www.dallasnews.com/business/retail/2019/06/07/whataburger-jc-penney-texas-businesses-crying-foul-goof-2017-tax-revamp

1559909393-Whatabowl_AL006.JPG?auto=form
Staff Photographer

Why Whataburger, J.C. Penney and other Texas businesses are crying foul over this goof in 2017 tax revamp

 

A goof by Congress in the 2017 tax revamp means the task is even more expensive these days.

Tax writers had intended to reward restaurateurs and retailers by allowing them to write off renovation costs immediately, rather than over 15 years. But a drafting error instead increased those businesses’ tax burdens, forcing them to depreciate such expenses over 39 years.

 
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“Some people are calling it a mistake -- I don’t know if it’s a mistake,” said Kades, whose company owns a few dozen McDonald’s franchises in greater Houston, along with a handful in Waco. “I do know that it’s very hurtful to small business.”

It’s not just small businesses in Texas and beyond crying foul, either.

Heavyweight brands ranging from San Antonio-based Whataburger to Plano-based J.C. Penney to Dallas-based Brinker International to Dallas-based Neiman Marcus, along with myriad franchise owners like Kades, are pushing Congress to fix what’s being called the “retail glitch.”

<p><span style="font-size: 1em; background-color: transparent;">San Antonio-based Whataburger is among the Texas companies complaining about a glitch in the 2017 tax overhaul that increased the tax burden for many restaurants and retailers.. (Ashley Landis/The Dallas Morning News)</span></p>(Ashley Landis/Staff Photographer)

San Antonio-based Whataburger is among the Texas companies complaining about a glitch in the 2017 tax overhaul that increased the tax burden for many restaurants and retailers.. (Ashley Landis/The Dallas Morning News)

(Ashley Landis/Staff Photographer)

The inadvertent error is among the outstanding problems from the $1.5 trillion tax overhaul, which passed Congress with only Republican support and which generally cut taxes for businesses and individuals in the Lone Star State and across the U.S.

The problem also serves the dubious task of exposing Washington gridlock at its worst.

There’s long been bipartisan agreement in Congress that the provision, as passed, was a mistake. And that the error made things worse for certain businesses, producing real financial consequences. And that there is a simple fix. And that such a correction should be in order.

But nothing has been done, nearly 1 ½ years after the glitch was discovered.

“These kind of fixes are just not high on the agenda in a Congress where they don’t get much done anyway,” said Rachelle Bernstein, tax counsel at the National Retail Federation, a Washington-based industry group that’s been leading the push for a legislative solution.

Ken Kades, owner of several McDonald's franchises in Texas. (Courtesy of Ken Kades.)
Ken Kades, owner of several McDonald's franchises in Texas. (Courtesy of Ken Kades.)
 

The tax trap boils down to four missing words: “any qualified improvement property.”

That phrase was supposed to be in a certain spot in the bill to allow restaurants and retailers to immediately write off the cost of renovating existing locations or moving into empty ones. The aim was to encourage more capital investment and, in the process, boost jobs and the economy.

The four words were in the right place in earlier drafts. Indeed, the bill’s fiscal note included the provision’s price tag in the overall cost. But the phrase somehow didn’t make into the version passed out of Congress and signed by President Donald Trump.

Just like that, a benefit turned into a burden. An analysis by the Washington-based Tax Foundation shows just how much of one.

Under the prior tax code, a company making a $100 renovation could deduct that cost over a 15-year period, making the deduction worth about $84 in present value. The new tax law, meanwhile, was supposed to allow those businesses to take the full $100 write-off immediately.

Instead, the error spreads the deduction over 39 years, making it worth only $42 in present value.

“Not surprisingly, it is causing numerous negative ripple effects for individuals and businesses,” a coalition of more than 800 businesses wrote to congressional leaders in late April, citing impacts like delays in remodeling projects and a loss of construction jobs.

The glitch can mean real hits to cash flow. A vice president for White Castle, the burger chain, told The Wall Street Journal last year that moving ahead with planned renovations without a legislative fix would’ve stopped it from claiming $8 million in immediate deductions.

Even businesses that haven’t been directly hit by the error are expressing concern.

Plano-based Alliance Data Systems counts a number of specialty retailers among its clients, providing them marketing services, including private-label credit card programs. While the tax revamp has been a boon for Alliance Data, it doesn’t want its clients getting dinged.

So the company is among those urging a fix.

“If it’s good for our clients, it’s good for us,” said Jeff Fair, Alliance Data’s senior vice president for tax.

<p>Rep. Kenny Marchant, R-Coppell, said he hears from<span style="font-size: 1em; background-color: transparent;">&nbsp;"every shopping center developer in my district, every Wendy's, every McDonald's, all of the fast food people" about the tax glitch.&nbsp;</span></p>(Nathan Hunsinger/Staff Photographer)

Rep. Kenny Marchant, R-Coppell, said he hears from "every shopping center developer in my district, every Wendy's, every McDonald's, all of the fast food people" about the tax glitch. 

(Nathan Hunsinger/Staff Photographer)

It can be difficult to ascertain where the problem ranks for any individual business.

Recent earnings calls for North Texas companies like Brinker International and J.C. Penney tend to gloss over discussion of the “retail glitch.” Instead, the 2017 tax overhaul is more often cited in those calls in the context of the revamp’s many perks for the business community.

Chief among those benefits was a cut in the statutory corporate tax rate to 21% from 35%.

“We also have cash flows that are improving from ongoing operations improvement and from the tax reform adjustments,” Brinker International chief financial officer Joseph Taylor said on a call last year, explaining that the company had seen its effective tax rate slashed.

For Kades, the McDonald’s franchise owner, the tax revamp is “still good” overall.

But the tax glitch nevertheless “really hurt us,” he said. He said the error “will change my thinking and McDonald’s as well,” explaining that he’ll be “pushing back on anything substantial to the building that I’ve got to write off in 39 years.”

“I can’t get 39 years out of the way the building looks,” he added, while also noting that franchise owners often have to operate at the whims of their parent company. “You won’t be happy with that 39 years from now.”

<p>Rep. Colin Allred, D-Dallas, continues to criticize the overall tax revamp passed in 2017, before he entered office. But he said the&nbsp;<span style="font-size: 1em; background-color: transparent;">"retail glitch" is "something, just in terms of fairness, that needs to be fixed."&nbsp;</span></p>(Smiley N. Pool/Staff Photographer)

Rep. Colin Allred, D-Dallas, continues to criticize the overall tax revamp passed in 2017, before he entered office. But he said the "retail glitch" is "something, just in terms of fairness, that needs to be fixed." 

(Smiley N. Pool/Staff Photographer)

Technical errors are not unusual for major bills like the $1.5 trillion tax overhaul, though Democrats have said Republicans deserve much of the blame for the “retail glitch” and other mistakes this time around because they rushed the revamp through Congress.

The problem has persisted amid that backdrop and other partisan bickering. But restaurateurs and retailers keep pressing for a fix, finding support among a bipartisan group of lawmakers.

Rep. Kenny Marchant, R-Coppell, said he hears from “every shopping center developer in my district, every Wendy’s, every McDonald’s, all of the fast food people -- it’s the No. 1 priority on all of their lists.” He’s an original co-sponsor of legislation that would resolve the problem.

“We’re looking for every opportunity to fix it,” said Marchant, a member of the House Ways and Means Committee, which handles tax policy.

On the other side of the aisle, Rep. Colin Allred, D-Dallas, continues to criticize the 2017 tax overhaul, saying that it had “a lot of mistakes” and was “sloppily done.” But he said the “retail glitch” is “something, just in terms of fairness, that needs to be fixed.”

“I don’t want it to hurt small businesses,” said Allred, who also co-sponsored the legislative fix. “I don’t want it to hurt folks in our community when there’s something we can do on a bipartisan basis to make it easier for our businesses to invest in improving themselves.”

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All they would have to do is make the cars at a higher mileage.  The new rule does not make it mandatory for cars to be manufactured at the 37 mpg, but they could still exceed that bar.  I don't know what they're whining about.  Nothing is mentioned about the price difference between making a 37 mpg car or a 54.5 mpg car.  It seems to me most people would want a car that got better gas mileage, unless it's more expensive to purchase.  At the current time used car sales exceed new car sales, because of the astronomical prices of newer vehicles today.  The sticker price on his 2019 F150 was $71,000.  That's too much for a truck in my opinion.  I don't see why their whining, because I don't see it truly effecting them.  

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3 minutes ago, CENTEXFAN said:

Vote Biden in 2020 if you love Whataburger.  

If anything needs to be done beneficial to Americans requiring legislation, Pelosi and Upchuck Scumbag will oppose it rather than work with republicans to fix the problem ... that's all they have done since President Trump was elected in 2016 ... they aren't going to pass anything that helps the economy for President Trump to sign ... same with immigration, healthcare, etc.  ... oppose and obstruct, that's all they do ....  

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3 hours ago, NATUREBOY98 said:

You notice that several times the refer to President Trump as Mr Trump but still refer to that pos as President Obama. Can’t we just give California back to Mexico? 

I still call BHO by his Real Name... Barry Soetoro.....

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Ms. Davenport let the cat out of the bag in her first line with, Cut their profits.   Gotta love it.

Sure, why not make a car that gets 50 mpg.  Hey, why not 100 mpg.  Technology will only go so far in the amount of energy it takes to move XXXXX number of pounds down the road.  After that, they’ll have to make them lighter, which means less safe.  Say the average car is 4,000 lbs.  Ever see one hit by an 18 wheeler?  Imagine what it would look like if it only weighed 2,000 lbs.   Any energy savings would be consumed by the companies that make caskets.  All these high (impossible?) goals might have made Barrack look good with the brainless, but realist know better.

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1 hour ago, GunnyHighway said:

He is on video saying it. or is that "fake Video". Are you saying Trump didn't say it?

They are totally misrepresenting what he said.  Blowing it totally out of proportion.   He told scotty noses George exactly what the dims have been doing for years without a whimper from the liberal media.  Little George is just trying to stir up controversy over a bs hypothetical question.   THE DIMS AND THE HILLDABEAST'S HAVE ACTUALLY DONE WHAT SNUFFLEUPAGUS SUGGESTED  

...

Edited by KirtFalcon
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56 minutes ago, KirtFalcon said:

They are totally misrepresenting what he said.  Blowing it totally out of proportion.   He told scotty noses George exactly what the dims have been doing for years without a whimper from the liberal media.  Little George is just trying to stir up controversy over a bs hypothetical question.   THE DIMS AND THE HILLDABEAST'S HAVE ACTUALLY DONE WHAT SNUFFLEUPAGUS SUGGESTED  

...

Exactly.  The Mueller report was based on Russian sources to the DNC via the Steele Report which cost millions to no avail.  Trump simply asked for dirt on Hillary from Russia, but did he ever use it ?  No, because he didn't have to.  The only dirt he said about Hillary was for her destroying her servers so that the FBI could not fully investigate her, and that she should be put in prison.  Which she should have been.  He also criticized her bathroom break at one of the DNC debates.  Whoopty freakin' do.  

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Funny seeing what all seems to slither out from the woodwork from time to time.  Someone should point out that the last democrat nominee PAID for foreign interference.  Trump answered a hypothetical and said he would listen to what they had to say.  Of course he would.  Anyone would.  Perhaps the former clinton chief of staff should've asked a more relevant question such as "would you pay a british spy to obtain fake propaganda from russian intelligence and then use that as evidence for fisa court warrants and when that didnt work, the basis to launch a coup?" Of course none of these partisan hacks masquerading as journalists would dare ask that question.  Moving along now.  SSDD

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Funny thing is that Fox News host Laura Ingraham  last night was complaining about who let Trump do this interview.  It was a trap. 

 

So that tells me Ingraham thinks Trump is a 5 year old that has to be led around by somebody. 

 

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Again, the Dims and the Hilldabeast ACTUALLY DID what you have your panties in a wad for Trump just talking about.  Trump said nothing wrong, you can't tell me that any politician wouldn't at least listen to dirt on their opponents.  Wrap your feeble brain around this:  THE DIMS ARE ACTUALLY GUILTY OF WHAT YOU ARE BENT OUT OF SHAPE TRUMP JUST ANSWERED A HYPOTHETICAL QUESTION ABOUT.  .... Is that ok with you?

Edited by KirtFalcon
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People like GunnyHighway are hell bent on destroying America. They are still butt hurt that Hillary lost and they are doing their damndest to unseat him before his term is over. They allow illegals in because they will vote democrap once they are given the vote. These things are abundantly clear; They want nothing less than America be destroyed.

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  • Mr. P changed the title to Portland grand jury clears two in alleged 'MAGA hat' assault

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