Donald Trump will propose a temporary moratorium on new financial regulations in an economic speech Monday in Detroit in an effort to draw a stark contrast with the domestic policies of Hillary Clinton, who he says “punishes†the American economy.
(snip)
Trump will also propose a repeal of the estate tax, sometimes called the “death tax.†Under current law, the 40 percent tax applies only to estates larger than $5.45 million for individuals and $10.9 million for couples.
Of the 13 men — and they are all men — that Trump touted as economic advisers for their “unparalleled experience and success,†five are major donors whose families combined to give Trump’s campaign and his joint fundraising account with the Republican Party more than $2 million. Two more have been pursued for campaign contributions.
(snip)
Trump praised his selections on Friday. “I am pleased that we have such a formidable group of experienced and talented individuals that will work with me to implement real solutions for the economic issues facing our country,†he said.
Others were less charitable, noting that Trump’s team lacks any women, for instance.
“He is following the path he has said was corrupt: raising large sums of money and then giving donors special access,†said Trevor Potter, president of the Campaign Legal Center and former chairman of the Federal Election Commission.
Steve Deace, an influential conservative activist in Iowa and anti-Trump radio host, said he was not surprised that Trump was granting his biggest donors titles and insider access. But he was still angry.
“It is complete and total hypocrisy,†Deace said.
In addition to alienating his party, on Friday, Trump unveiled his economic policy Council which has gone over less than splendidly. All thirteen members are men, and that’s only where the lack of diversity begins. And to make matters even worse for the candidate, most of the members of his council are large donors to his campaign or the Republican National Committee, raising questions regarding his yearlong claim that he cannot be bought.
And the cherry on top of his economic council is that it is largely made up of bankers and hedge fund managers. There is only one economist in the bunch.
(snip)
While Gingrich did his best to defend Trump, when asked by Chris Wallace regarding whether Trump’s tax and spending plan actually make sense, he admitted to the disconnect between the two.
The best Gingrich has to offer was that all candidates fudge a bit when it comes to offering tax and spending plans. “Historically, no candidates have numbers that add up,†Gingrich said.
However, even there, Trump seems to come up quite short. In the 2016 primary, Bobby Jindal’s tax plan would have increased the federal debt by $9 trillion, according to a conservative think tank. Similarly, Jeb Bush’s tax plan would have cost $8.1 trillion. And Mitt Romney’s $5 trillion tax cut in 2012 would have been impossible according to the nonpartisan analysts at Brookings, and would have required raising taxes on the middle class.
By comparison, Hillary Clinton has admitted that her economic plan would increase the national debt by about 2 percent, a figure which is orders of magnitude lower than all of her Republican counterparts.
And then, there is Donald Trump. Even by the analysis from Fox News, Trump’s plan would add $11.2 trillion to the national debt, by far the most of anyone else, and mostly fueled by tax cuts for the wealthy. That amounts to an almost 90% increase to the U.S. national debt.
Evan McMullin, a 40-year-old former CIA counterterror operative who is now the chief policy director of the House Republican Conference, will run for president as a third-party conservative alternative to Donald Trump, the group backing the candidate told ABC News today.
The group, Better for America, has been working for months on trying to select a candidate and get on ballots throughout the country. In some states, like Texas, they will likely have to sue to get on the ballot. It's an extreme uphill climb, but they are confident McMullin can act as a disruptor who they hope can peel off some red states in a race where some Republicans are still resistant to Donald Trump.
McMullin’s candidacy, backed by some Republicans, shows how the “Never Trump†movement is still working to upend Trump even with less than three months left in the general election. McMullin may be a long shot, but will have a legitimate organization behind him.
McMullin will file today and in a statement tells ABC News exclusively
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Welcome home? How are the boys? Did they miss their humans?
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Mornin' all!
I'm cracking up today cuz I just got an invite to the RI GOP's 1st Annual "Frederick Douglas Republicans" dinner.
Yes, you read that right.
Quote by Scoopster:
Mornin' all!
I'm cracking up today cuz I just got an invite to the RI GOP's 1st Annual "Frederick Douglas Republicans" dinner.
Yes, you read that right.
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Glad I wasn't flying Delta today. Some people were stranded on the planes!
BREAKING. #Delta identifies the person responsible for its systems power outage. pic.twitter.com/uLV1Il3kJU
— Dave Erickson (@ericksonvision) August 8, 2016
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Glad I wasn't flying Delta today. Some people were stranded on the planes!
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Look at Georgia!
Quote by Mondobubba:Quote by Raine:
Look at Georgia!
I see you TPM and raise you a 538.com. Check out the Nowcast option. But then look at the polls plus.
Quote by livingonli:
Good day, folks. Just a little update on things so that you know the situation I am going through,
Our company has offered buyouts to everyone who has been with the company 10+ years because they are not making enough money and want to slash payroll. I have until Thursday to take the buyout. Between this and layoffs in other companies in my field, it really looks like a career in television is no longer an option. If I take the buyout, I would get almost 2 years pay as severance which would give me time to find a new job. But, being nearly 50 years old, I have to wonder where I could start a new career at my age with the hope that I would actually get hired. I think that's what all my colleagues who have had long runs at the company are evaluating.whether to jump ship (and I think quite a few are taking it).
At least if I decide to take it, I would be hopefully looking for something with steadier hours so that I can have something called a life. It might also help me better manage my diabetes. I just have to hope that I can get hired where some companies would just hire a twenty-something who they can hire at a lower salary.
Quote by wickedpam:Quote by livingonli:
Good day, folks. Just a little update on things so that you know the situation I am going through,
Our company has offered buyouts to everyone who has been with the company 10+ years because they are not making enough money and want to slash payroll. I have until Thursday to take the buyout. Between this and layoffs in other companies in my field, it really looks like a career in television is no longer an option. If I take the buyout, I would get almost 2 years pay as severance which would give me time to find a new job. But, being nearly 50 years old, I have to wonder where I could start a new career at my age with the hope that I would actually get hired. I think that's what all my colleagues who have had long runs at the company are evaluating.whether to jump ship (and I think quite a few are taking it).
At least if I decide to take it, I would be hopefully looking for something with steadier hours so that I can have something called a life. It might also help me better manage my diabetes. I just have to hope that I can get hired where some companies would just hire a twenty-something who they can hire at a lower salary.
If you don't take the buy out what are your options?
I ask because I had a friend who worked at the post office who took the early retirement they offered and a year later lost a lot. Probably doesn't help that he's an alcoholic and stuff but still. I always worry about you up there.
What are your options for finding a new job? What field would you want to get into - what skills do you have now that someone is looking for? Or would you like to take some classes? All these things are good to think about.
Quote by Scoopster:
Happy international cat day!
Here's a quick dose of animated squee to celebrate!
Trump is not a good reader. His plan will bring tities to Detroit #TrumpTrain #illiterate #rnc #hillary #regulations pic.twitter.com/LhwqABNqlo
— Chinchuleen (@Chinchuleen) August 8, 2016
Quote by Raine:
Trump is not a good reader. His plan will bring tities to Detroit #TrumpTrain #illiterate #rnc #hillary #regulations pic.twitter.com/LhwqABNqlo
— Chinchuleen (@Chinchuleen) August 8, 2016
Quote by Raine:Quote by wickedpam:Quote by livingonli:
Good day, folks. Just a little update on things so that you know the situation I am going through,
Our company has offered buyouts to everyone who has been with the company 10+ years because they are not making enough money and want to slash payroll. I have until Thursday to take the buyout. Between this and layoffs in other companies in my field, it really looks like a career in television is no longer an option. If I take the buyout, I would get almost 2 years pay as severance which would give me time to find a new job. But, being nearly 50 years old, I have to wonder where I could start a new career at my age with the hope that I would actually get hired. I think that's what all my colleagues who have had long runs at the company are evaluating.whether to jump ship (and I think quite a few are taking it).
At least if I decide to take it, I would be hopefully looking for something with steadier hours so that I can have something called a life. It might also help me better manage my diabetes. I just have to hope that I can get hired where some companies would just hire a twenty-something who they can hire at a lower salary.
If you don't take the buy out what are your options?
I ask because I had a friend who worked at the post office who took the early retirement they offered and a year later lost a lot. Probably doesn't help that he's an alcoholic and stuff but still. I always worry about you up there.
What are your options for finding a new job? What field would you want to get into - what skills do you have now that someone is looking for? Or would you like to take some classes? All these things are good to think about.
I was going to ask that as well, Well are the options if you don't take the buyout?
How long before you have to make a decision? I am concerned for you as well and want you to make the best decision for your siuation, Liv.
Quote by livingonli:Quote by Raine:Quote by wickedpam:Quote by livingonli:
Good day, folks. Just a little update on things so that you know the situation I am going through,
Our company has offered buyouts to everyone who has been with the company 10+ years because they are not making enough money and want to slash payroll. I have until Thursday to take the buyout. Between this and layoffs in other companies in my field, it really looks like a career in television is no longer an option. If I take the buyout, I would get almost 2 years pay as severance which would give me time to find a new job. But, being nearly 50 years old, I have to wonder where I could start a new career at my age with the hope that I would actually get hired. I think that's what all my colleagues who have had long runs at the company are evaluating.whether to jump ship (and I think quite a few are taking it).
At least if I decide to take it, I would be hopefully looking for something with steadier hours so that I can have something called a life. It might also help me better manage my diabetes. I just have to hope that I can get hired where some companies would just hire a twenty-something who they can hire at a lower salary.
If you don't take the buy out what are your options?
I ask because I had a friend who worked at the post office who took the early retirement they offered and a year later lost a lot. Probably doesn't help that he's an alcoholic and stuff but still. I always worry about you up there.
What are your options for finding a new job? What field would you want to get into - what skills do you have now that someone is looking for? Or would you like to take some classes? All these things are good to think about.
I was going to ask that as well, Well are the options if you don't take the buyout?
How long before you have to make a decision? I am concerned for you as well and want you to make the best decision for your siuation, Liv.
If I don't take the buyout, I would just stay at my job but they have said that there might still be layoffs down the road depending how much payroll they want to cut, and the severance package would be less generous. If I take it, I even still keep my medical insurance for a year which would mean I would still be covered while looking for a new job. So, even if I stay, I would have a job but I could still be staring at a possible layoff before the end of the year. (My only hope is that my pay is not too high since I think they may use layoffs to gut management.)
Quote by wickedpam:Quote by livingonli:Quote by Raine:Quote by wickedpam:Quote by livingonli:
Good day, folks. Just a little update on things so that you know the situation I am going through,
Our company has offered buyouts to everyone who has been with the company 10+ years because they are not making enough money and want to slash payroll. I have until Thursday to take the buyout. Between this and layoffs in other companies in my field, it really looks like a career in television is no longer an option. If I take the buyout, I would get almost 2 years pay as severance which would give me time to find a new job. But, being nearly 50 years old, I have to wonder where I could start a new career at my age with the hope that I would actually get hired. I think that's what all my colleagues who have had long runs at the company are evaluating.whether to jump ship (and I think quite a few are taking it).
At least if I decide to take it, I would be hopefully looking for something with steadier hours so that I can have something called a life. It might also help me better manage my diabetes. I just have to hope that I can get hired where some companies would just hire a twenty-something who they can hire at a lower salary.
If you don't take the buy out what are your options?
I ask because I had a friend who worked at the post office who took the early retirement they offered and a year later lost a lot. Probably doesn't help that he's an alcoholic and stuff but still. I always worry about you up there.
What are your options for finding a new job? What field would you want to get into - what skills do you have now that someone is looking for? Or would you like to take some classes? All these things are good to think about.
I was going to ask that as well, Well are the options if you don't take the buyout?
How long before you have to make a decision? I am concerned for you as well and want you to make the best decision for your siuation, Liv.
If I don't take the buyout, I would just stay at my job but they have said that there might still be layoffs down the road depending how much payroll they want to cut, and the severance package would be less generous. If I take it, I even still keep my medical insurance for a year which would mean I would still be covered while looking for a new job. So, even if I stay, I would have a job but I could still be staring at a possible layoff before the end of the year. (My only hope is that my pay is not too high since I think they may use layoffs to gut management.)
Ok so:
Take Buyout Pro List is -
~ 2 years salary (would this ben in a lump sum or paid out over the 2 years. Does if go away if you get a new job before the 2yrs is up?)
~ 1 year medical insurance (would this be taken from your 2 years salary?)
Take Buyout Con list -
~ looking for new job
Not Taking Buyout Pro list -
~ Stay in same job
Not Taking Buyout Con list -
~ Might still get laid off with a smaller severance
Quote by livingonli:
Salary would be lump sum (which means big tax takeout too). They didn't say how insurance would be taken out, but it could be taken out of the check too. It would only go away if I was rehired by AMC Networks. If I get a job elsewhere (depending how long it takes), I would hopefully be able to bank what's left.
Quote by livingonli:
Salary would be lump sum (which means big tax takeout too). They didn't say how insurance would be taken out, but it could be taken out of the check too. It would only go away if I was rehired by AMC Networks. If I get a job elsewhere (depending how long it takes), I would hopefully be able to bank what's left.
Quote by BobR:Quote by livingonli:
Salary would be lump sum (which means big tax takeout too). They didn't say how insurance would be taken out, but it could be taken out of the check too. It would only go away if I was rehired by AMC Networks. If I get a job elsewhere (depending how long it takes), I would hopefully be able to bank what's left.
As Raine mentioned, the insurance is important, because if you're covered for 1 year and get a job in 6 months, what happens with the remaining 6 months?
As for taxes, it could potentially put you in a higher tax bracket to get 2 yrs salary in 1 yr - not sure there's any way around that.
If AMC rehires you, you have to pay back some of the payout? Really? How would they manage that? Not pay you until the lump sum was accounted for?
Ultimately, if you take the payout (and despite all the concerns, it seems your safest avenue), the hardest thing will be for you to manage that money. Don't "splurge" - keep living on a tight budget. Take a part time job to keep some money rolling in while you are looking for a new job.
Also - you should be able to apply for unemployment. Make sure that your severance status/reason allows you to apply for it.
Quote by livingonli:Quote by BobR:Quote by livingonli:
Salary would be lump sum (which means big tax takeout too). They didn't say how insurance would be taken out, but it could be taken out of the check too. It would only go away if I was rehired by AMC Networks. If I get a job elsewhere (depending how long it takes), I would hopefully be able to bank what's left.
As Raine mentioned, the insurance is important, because if you're covered for 1 year and get a job in 6 months, what happens with the remaining 6 months?
As for taxes, it could potentially put you in a higher tax bracket to get 2 yrs salary in 1 yr - not sure there's any way around that.
If AMC rehires you, you have to pay back some of the payout? Really? How would they manage that? Not pay you until the lump sum was accounted for?
Ultimately, if you take the payout (and despite all the concerns, it seems your safest avenue), the hardest thing will be for you to manage that money. Don't "splurge" - keep living on a tight budget. Take a part time job to keep some money rolling in while you are looking for a new job.
Also - you should be able to apply for unemployment. Make sure that your severance status/reason allows you to apply for it.
It may be if I was rehired within a year (since I would retain my seniority in the company if I return), but if they want to cut what they want to cut, I doubt that will happen. I do have a lot of graphic novels that I will probably sell since I will have to lighten the load if I need to relocate. I may use this as a chance to get out of New York and move someplace with a lower cost of living.since even with what I have been making, I have been living paycheck to paycheck. The only splurging I would do with the severance is pay off my hospital bill.
Quote by BobR:Quote by livingonli:Quote by BobR:Quote by livingonli:
Salary would be lump sum (which means big tax takeout too). They didn't say how insurance would be taken out, but it could be taken out of the check too. It would only go away if I was rehired by AMC Networks. If I get a job elsewhere (depending how long it takes), I would hopefully be able to bank what's left.
As Raine mentioned, the insurance is important, because if you're covered for 1 year and get a job in 6 months, what happens with the remaining 6 months?
As for taxes, it could potentially put you in a higher tax bracket to get 2 yrs salary in 1 yr - not sure there's any way around that.
If AMC rehires you, you have to pay back some of the payout? Really? How would they manage that? Not pay you until the lump sum was accounted for?
Ultimately, if you take the payout (and despite all the concerns, it seems your safest avenue), the hardest thing will be for you to manage that money. Don't "splurge" - keep living on a tight budget. Take a part time job to keep some money rolling in while you are looking for a new job.
Also - you should be able to apply for unemployment. Make sure that your severance status/reason allows you to apply for it.
It may be if I was rehired within a year (since I would retain my seniority in the company if I return), but if they want to cut what they want to cut, I doubt that will happen. I do have a lot of graphic novels that I will probably sell since I will have to lighten the load if I need to relocate. I may use this as a chance to get out of New York and move someplace with a lower cost of living.since even with what I have been making, I have been living paycheck to paycheck. The only splurging I would do with the severance is pay off my hospital bill.
Just keep in mind you can't eat a paid-off hospital bill. They are unlikely charging interest, so just pay enough to keep it out of collections.
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Hey, and I see I'm a terrorist now, too. w00t!
Quote by livingonli:
I have to decide by Thursday. I have been pondering it for the last 3 weeks. I am leaning towards taking it. My main concern is getting another job, especially if I am changing careers since I have been doing this kind of work all my professional career.
Quote by Raine:
You go Curt! Run like forrest!
Quote by Raine:Do you have a new interest in mind?Quote by livingonli:
I have to decide by Thursday. I have been pondering it for the last 3 weeks. I am leaning towards taking it. My main concern is getting another job, especially if I am changing careers since I have been doing this kind of work all my professional career.
I really do wish you had told us sooner, bud.
We know this is what you have done as long as we have known you. Since you have been pondering, what have you been thinking of doing?
Quote by livingonli:Quote by Raine:Do you have a new interest in mind?Quote by livingonli:
I have to decide by Thursday. I have been pondering it for the last 3 weeks. I am leaning towards taking it. My main concern is getting another job, especially if I am changing careers since I have been doing this kind of work all my professional career.
I really do wish you had told us sooner, bud.
We know this is what you have done as long as we have known you. Since you have been pondering, what have you been thinking of doing?
It's been in the back of my mind for several years as I have seen what industry consolidation has done to jobs in my field, and since this has been my interest, it has been hard to figure out what else I would be good at. I certainly have to look at my skill set, and see what is applicable in other fields. One of my colleagues suggested Civil Service because at least I would have job security and good benefits.