RUTHFULLY YOURS

Lowering taxes, as presidents Kennedy and Reagan demonstrated, boosts economic growth. What is important is not that some rich people get richer, but that the vast majority of people benefit. How many Americans who despise Trump will revel in the extra wealth he has now allowed them to retain?

In Australia, and I suspect the UK and in Western Europe more generally, Donald Trump is widely despised. I try to cajole people. OK, I say, you don’t and never will like him, but can you at least look to see whether you like any or some of his policies. It is a forlorn endeavour. I will tell you why.

The vast majority of people get their news and views from the mainstream media or, if younger, from social media. Thus, the tax-reduction Christmas present that he and the US Congress are delivering to the American people (alas we are not getting one) is portrayed as benefiting the rich at the expense of the poor. That this is complete and utter tendentious drivel is by the way. Repeated often enough, it is a factoid in the making.

In fact, all but a few American taxpayers will benefit. Some with very high deductions which have now been removed or capped might not but, in the main, this will affect only the well-heeled. But here comes the rub. Those now paying most tax will on the whole gain the most benefit in absolute dollar terms. That’s the awesome power of arithmetic which so befuddles leftist minds.

In the United States, according to the Tax Policy Centre, 45% of households pay no federal income tax and, therefore, will not benefit from rate reductions. To illustrate the picture differently, the top 20% of individual income earners pay 87 percent of federal income taxes while the next 20 percent pay the rest. The bottom 60% pay a net zero percent.

For the edification of the left, halving taxes for those who pay little gives them little. Taking just five percent off taxes for those who pay an awful lot gives them much more. Democrats being Democrats, leftists being leftists, resist this unavoidable outcome with as much sanctimony as they can muster.

The real problem, of course, is that those on the left live in a static world of haves and have-nots, within which the division of the pie is the be-all and end-all. Once you are stuck in this world; as, say, is Bill Shorten, there is no exit point and around and around in circles you go preoccupied with inequality. In the end result, forcing more equal outcomes undermines market forces. The pie never grows to its potential.

The prime purpose of lowering taxes, as presidents Kennedy and Reagan argued, is to boost economic growth. What is important is not that some rich people get a lot richer out of this, but that the vast majority of people benefit.

Business taxes fall on owners or shareholders, on employees, and on customers. The incidence of benefit for any reduction in such taxes is hard to gauge. But rich and not-so-rich owners and shareholders are likely to benefit as are customers. Importantly, workers will potentially benefit though the creation of more jobs and higher pay. This is the main game. When it comes to lowering business taxes, the only question worth asking is how much lift will it likely give to jobs and economic growth. Unless you detest Trump, of course.

Nothing has been more tedious over the last year than the constant reminders that good journalism is “now more important than ever.” The implication, of course, is that solid, groundbreaking reporting was not as essential so long as a liberal Democrat was in power. I’ve long assumed that the factotums mouthing such clichés lack the self-awareness to understand the true import of their words. But maybe I’ve been wrong. Recent days brought evidence that, no, liberals really mean it: The only meaningful investigative work is that which reflects poorly on Republicans.

Earlier this week, for example, Politico Magazine published a story by Josh Meyer headlined “The secret backstory of how Obama let Hezbollah off the hook.” This epic and copiously sourced piece relates how, “in its determination to secure a nuclear deal with Iran, the Obama administration derailed an ambitious law enforcement campaign targeting drug trafficking by the Iranian-backed terrorist group Hezbollah, even as it [Hezbollah, not the Obama administration] was funneling cocaine into the United States.”

The law-enforcement program in question is called Project Cassandra, which for eight years “used wiretaps, undercover operations, and informants to map Hezbollah’s illicit networks, with the help of 30 U.S. and foreign security agencies.” However, as investigators came closer to unraveling the globe-spanning conspiracy, “the Justice Department declined requests by Project Cassandra and other authorities to file criminal charges against major players such as Hezbollah’s high-profile envoy to Iran, a Lebanese bank that allegedly laundered billions in alleged drug profits, and a central player in a U.S.-based cell of the Iranian paramilitary Quds force.” Linger over that last item for a second.

Meyer cites “dozens” of interviews and documents as evidence. He quotes a veteran U.S. intelligence operative — the sort of guy whose every utterance is anonymously paraded in the newspapers and magazines so long as it’s anti-Trump — who says, “This was a policy decision, it was a systematic decision.” And the reason for this systematic decision, presumably, was to make Hezbollah’s Iranian backers more willing to deal with the Obama administration on nukes.

Meyer points to congressional testimony from former Treasury official Katherine Bauer, who said last February, “These investigations were tamped down for fear of rocking Iran and jeopardizing the nuclear deal.” President Obama, in other words, slow-walked counter-narcotics efforts for the inane “greater good” of paying Iran billions to pretend to shut down its nuclear program for ten years. This is the very definition of “stupid stuff.”

Meyer is not an ideologue, not a partisan, not a quack. He worked for the Los Angeles Times, for NBC News, and for the Medill National Security Journalism Initiative before joining Politico as a senior investigative reporter. His Twitter feed contains plenty of criticisms of President Trump and congressional Republicans. And his story is solid. He explores different angles and gives his subjects fair comment. He’s produced a classic example of the good journalism that our betters tell us we need more than ever.

The FBI’s deputy director Andrew McCabe testified Tuesday at a marathon seven-hour closed-door hearing of the House Intelligence Committee. According to the now-infamous text message sent by FBI agent Peter Strzok to his paramour, FBI lawyer Lisa Page, it was in McCabe’s office that top FBI counterintelligence officials discussed what they saw as the frightening possibility of a Trump presidency.

That was during the stretch run of the 2016 campaign, no more than a couple of weeks after they started receiving the Steele dossier — the Clinton campaign’s opposition-research reports, written by former British spy Christopher Steele, about Trump’s purportedly conspiratorial relationship with Vladimir Putin’s regime in Russia.

Was it the Steele dossier that so frightened the FBI?

I think so.

There is a great deal of information to follow. But let’s cut to the chase: The Obama-era FBI and Justice Department had great faith in Steele because he had previously collaborated with the bureau on a big case. Plus, Steele was working on the Trump-Russia project with the wife of a top Obama Justice Department official, who was personally briefed by Steele. The upper ranks of the FBI and DOJ strongly preferred Trump’s opponent, Hillary Clinton, to the point of overlooking significant evidence of her felony misconduct, even as they turned up the heat on Trump. In sum, the FBI and DOJ were predisposed to believe the allegations in Steele’s dossier. Because of their confidence in Steele, because they were predisposed to believe his scandalous claims about Donald Trump, they made grossly inadequate efforts to verify his claims. Contrary to what I hoped would be the case, I’ve come to believe Steele’s claims were used to obtain FISA surveillance authority for an investigation of Trump.

There were layers of insulation between the Clinton campaign and Steele — the campaign and the Democratic party retained a law firm, which contracted with Fusion GPS, which in turn hired the former spy. At some point, though, perhaps early on, the FBI and DOJ learned that the dossier was actually a partisan opposition-research product. By then, they were dug in. No one, after all, would be any the wiser: Hillary would coast to victory, so Democrats would continue running the government; FISA materials are highly classified, so they’d be kept under wraps. Just as it had been with the Obama-era’s Fast and Furious and IRS scandals, any malfeasance would remain hidden.

The best laid schemes . . . gang aft agley.

Why It Matters
Strzok’s text about the meeting in McCabe’s office is dated August 16, 2016. As we’ll see, the date is important. According to Agent Strzok, with Election Day less than three months away, Page, the bureau lawyer, weighed in on Trump’s bid: “There’s no way he gets elected.” Strzok, however, believed that even if a Trump victory was the longest of long shots, the FBI “can’t take that risk.” He insisted that the bureau had no choice but to proceed with a plan to undermine Trump’s candidacy: “It’s like an insurance policy in the unlikely event you die before you’re 40.”

This week has been a vindication for much-maligned Trump supporters. Not only did the president have the best week of his administration, an internecine feud erupted within the “NeverTrump” tribe.

First, the great week. The president fulfilled a key campaign promise with his signing this morning of the tax reform bill that also eliminated Obamacare’s individual mandate and opened up the Alaskan National Wildlife Refuge to drilling. He reprioritized our national security interests with his National Security Statement issued Monday And finally, who can’t be proud of the the announcement that the United States would finally be “taking names” of our foes at the United Nations? There is palpable satisfaction among Trump voters and even reluctant supporters.

Though ultimately less important, on one level, the “NeverTrump” infighting may be even more delicious than the solid week of accomplishments. Before the primary elections, an influential and vocal group of conservatives loosely banded together to oppose Trump’s candidacy; this included the editors of National Review and The Weekly Standard, conservative columnists for the Washington Post and New York Times, authors such as Tom Nichols, and the presidential ticket of independents Evan McMullin and Mindy Finn. But since Trump won (and subsequently amassed a record any legitimate conservative would have hailed had it come from a different Republican) a growing rift has developed between the various factions in NeverTrumpland. On one side are influencers who gradually, if begrudgingly, acknowledge Trump is governing in a way far more palatable to their “principled conservatism” than they expected. While they still bemoan his temperament and approach, they commend his achievements.

On the other side are opportunists who have become traitors to the “conservative” cause they once championed as they shrewdly trade their integrity for air time on MSNBC or CNN to rant about the president. (I have written about them here and here.) They have publicly speculated—or hoped, to put it more accurately—that Trump would not survive the first year of his presidency, and encouraged his staff and Congressional Republicans to abandon the Trump Titanic before the Mueller iceberg took it down. Their message has become inchoate and unhinged, and decidedly not conservative.

The widening rift between the two camps turned into a chasm this week. On Monday, National Review Online published a column by its editor, Charles C. W. Cooke, denouncing the hyperbole and hypocrisy of Jennifer Rubin, the Washington Post’s allegedly conservative blogger. Cooke, not exactly a fan of President Trump, compared Rubin to Trump’s most “unprincipled acolytes” who demand blind loyalty to the MAGA cause: “Rubin has become precisely what she dislikes in others: a monomaniac and a bore, whose visceral dislike of her opponents has prompted her to drop the keys to her conscience into a well.”

Cooke identifies several issues on which Rubin has flip-flopped since Trump was elected, including the Paris Climate Accord, Obama’s Iran deal, the U.S. embassy move to Jerusalem, and gun control. To illustrate her reversals, Cooke cited Rubin’s own words and columns. (Cooke also linked to my recent article about Rubin.) Cooke calls her byline “tragically misleading,” noting “she is not in fact writing from a ‘conservative perspective,’ but as just one more voice among a host of Trump-obsessed zealots who add nothing to our discourse. In so doing, she does conservatism a sincere disservice.”

Flanked by a towering 185,000 pages representing the federal regulatory code and a short pile of 20,000 pages (the code’s length a half-century ago), President Trump pledged to return us to the days of less red tape. Pointing to the colossal pile, which would take three years to even read, the president reiterated that “every unnecessary page” means “projects never get off the ground.”

Trump claims he’s already eliminated 22 rules for every new one imposed this past year. His critics dispute how many he’s actually scrapped, but no one denies he’s brought the steady stream of new rules nearly to a halt. This pause is buoying business optimism and the stock market.

What’s next? Rolling back rules on mining, manufacturing, oil exploration, banking — you name it. Even better, both the Trump administration and some Democrats in Congress want to relocate federal agencies from inside the DC Beltway to the nation’s heartland. Getting Washington out of Washington.

Imagine regulators having to rub elbows with the people being regulated.

There’s a lot of wisdom outside that DC bubble. Why should so much federal management be concentrated far from the industries and people affected?

Earlier this year, the House Oversight and Government Reform Committee voted to “Divest DC” and identify agencies easiest to move. The idea has bipartisan support. Rep. Tim Ryan (D-Ohio) sees it as a way to repopulate economically depressed cities that offer cheaper office space and housing, less traffic and lower cost of living for federal workers. Think Cleveland, Buffalo, Syracuse or Detroit, to name a few.

These struggling cities have universities, airports and other amenities of urban living without the astronomical cost of Washington, DC. Bringing federal agencies to these cities could revitalize their failing economies — as office supply stores, restaurants and home-builders spring up to meet the demands of federal workers and their families.

The tax-cut bill is the beginning of the end of the Cult of Victimization. With its passage, the Republican majority in Congress, however tenuous, has scored its first (and only) major legislative victory, handing president Trump and the American people an early Christmas present. That it was passed without a single opposition-party vote in either house should tell you all you need to know about the socialist ethos that has seized control of the criminal organization masquerading as a political party known as the Democrats.https://amgreatness.com/2017/12/21/with-dignity-trump-crosses-the-delaware/

As it happens, this gift—to all Americans, not just the “rich” and “corporations,” as the socialists would have you believe—nearly coincides with Washington’s famous surprise attack on the sleeping Hessian mercenaries in 1776. While the Democrats were not caught off-guard to quite the same extent as the frozen German soldiers, they were just as thoroughly routed, as you can tell from the bitter denunciations coming from such veteran party apparatchiks as House Minority Leader Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.), along with their party mouthpieces, such as the New York Times.

Quoth Schumer: “There are only two places where America is popping champagne—the White House and the corporate board rooms, including Trump Tower.”

If not quite as sweeping and simplifying as Reagan’s tax cuts in 1981 or the reforms of 1986, the bill rectifies some of our tax code’s worst distortions, with remedies such as reducing the corporate tax rate to more internationally competitive levels and eliminating Obamacare’s individual “mandate,” which financed the Patient Protection and Affordable Care Act (passed with zero Republican votes) at IRS gunpoint.

That these two selling points were immediately decried as “tax cuts for the wealthy” and “destroying poor people’s health care” tells you all you need to know about the poverty of the Democrats’ ideological pro forma response. But then to these people, everything is the End of the World As We Know It, including rolling back Obama’s “net neutrality,” restoring state lands in Utah, and letting you keep some more of your own money. Senator Chris Murphy of Connecticut’s reaction was typical:

On Thursday morning, a former staffer for President Obama infamous for the Iran Deal daydreamed about the deaths of House Speaker Paul Ryan (R-Wis.), Senate Majority Leader Mitch McConnell (R-Ky.), and Vice President Mike Pence. He joined the chorus of liberals attacking the tax reform bill President Donald Trump signed into law Wednesday.

“I hope this is the photo they use on the front page of the Times on the day Trump is indicted,” former Obama national security advisor and CNN contributor Dan Pfeiffer tweeted Tuesday night. Pfeiffer implied that Ryan, McConnell, and Pence would be remembered as willing accomplices to treason in the history books.As if this insult were not enough, Ben Rhodes chimed in, “And alongside the obits for Ryan, McConnell, and Pence.”
Ben Rhodes

✔ @brhodes

And alongside the obits for Ryan, McConnell, and Pence https://twitter.com/danpfeiffer/status/943708505491456005 …
12:10 AM – Dec 21, 2017

Rhodes is infamous for his role in propping up the Iran nuclear deal. A New York Times profile on Rhodes revealed that he was a speechwriter without any foreign policy educational experience, military experience, or international experience, and yet Obama tapped him to become deputy national security advisor for strategic communications and speechwriting.

In September of this year, The Washington Post published a fake news story at the top of the front page about President Obama allegedly prodding Facebook on Russia’s role during the 2016 election. After the story ran, Facebook CEO Mark Zuckerberg corrected the report, pointing out that Russia was not discussed at the Obama meeting.

Rhodes traveled with Obama to Lima, Peru, at the time of the meeting. He did not attend the Obama-Zuckerberg meeting in person, but likely knew a great deal about it. This separation would give him plausible deniability if called out on leaking the false story to The Washington Post. CONTINUE AT SITE

In the wake of last year’s election, a humiliated press corps was forced to reassess, to explain how it had gotten the presidential race so monumentally wrong. Conclusions: It had been too blinded by its own biases, too sheltered from Middle America. It apologized. It promised to do better.

Or not.

Yahoo News: “Meet some victims of the Trump tax bill.” Washington Post: “10 Reasons Democrats think the tax bill will be a political loser for Trump’s GOP.” New York Times: “In Tax Overhaul, Trump Tries to Defy Economic Odds.” Business Insider: “Americans have already made up their minds about the tax bill—and it looks brutal for the GOP.”

To read all this coverage, you’d be justified in believing that the entire Republican Party had been hit with a stupid stick. Its members united to jack up the taxes of millions of middle-income voters, throw the country into recession, and saddle today’s toddlers with a future debt crisis—all to enable the transfer of tax plunder to fat-cat donors. And not only did it pass this colossally idiotic policy, it did so enthusiastically, in full view of the public—guaranteeing a 2018 GOP midterm wipeout. What dimwits!

This is the Democratic line, and the media is embracing it. Chuck Schumer and Nancy Pelosi bet that the GOP would fail to enact tax reform, so they pressed their members to boycott negotiations. Instead, Republicans are delivering bigger paychecks and the prospect of accelerated economic growth, and not a single Democrat can take credit. The Democratic Party’s only path is therefore to spin an obvious GOP victory into a disaster. The press, with all its biases and insularity, once again is all in, with another attack on reality.

Nearly every story quotes a variation of Mrs. Pelosi’s line that the bill is “wholesale robbery of the middle class.” Mr. Schumer continues to claim the reform helps “only the wealthiest few.” These are Trumpian-size whoppers, which the media eagerly repeats. Yet even the liberal Tax Policy Center has acknowledged that 90% of the middle class will get a tax cut in 2018, and that the average cut will be $1,600.

USA Today was so desperate to depict the bill as a tax hike that its analysis of “5 household situations” included a childless single renter earning $1 million a year, paying $50,000 in state and local taxes, and claiming $40,000 in charitable deductions. The paper triumphantly pointed out that this downtrodden soul would pay $1,887 more in taxes. And therefore have to forgo a bottle of Chateau Lafite-Rothschild.

Democrats spent months insisting that corporations would pocket their tax cuts rather than invest in their workers. The press continues to parrot this line—even as AT&T, Comcast, Wells Fargo and others immediately announced bonuses, pay hikes, higher starting wages, better benefits and plans for new hiring. Democrats call these PR stunts, but so what? Workers are benefiting. CONTINUE AT SITE

Something fascinating is happening in Chicago. When Barack Obama became president, the city was ebullient; he was, after all, a favorite son, and he’d promised to deliver the liberal policies beloved by Chicagoans. But now, nearly nine years later, city residents find themselves at odds with Obama over the plans for his presidential library.

In its initial bid for the right to host the library, put forth on behalf of the city, the University of Chicago offered large tracts of idyllic land in Washington Park and Jackson Park as two potential sites. Almost immediately, the people of those parks’ districts began scratching their heads. “Why not build it in one of the many blighted areas?” they asked. “Why are you taking a huge chunk of our parks?” Obama’s response was essentially an ultimatum: If the library couldn’t be built in a Chicago park, he’d take it to Honolulu or New York City.

After Obama selected Chicago and the Jackson Park site, protests began to grow. Residents of the park’s district, Woodlawn, took to local government and the op-ed pages of the city’s papers to express their fear that the project would rapidly gentrify the minority-majority area, force out longtime residents, and ruin the park’s role as a community gathering place.

In May of this year, protesters began a campaign to implore the Obama Foundation, the group overseeing the library’s construction, to sign a community benefit agreement (CBA), which would commit the Foundation to setting aside jobs for residents around the library, protecting low-income housing, supporting black-owned businesses, and strengthening neighborhood schools. The Foundation refused, and when a resident asked Obama himself to sign the agreement at a September public meeting about the library, Obama refused as well.