Tag: Tax Cuts

How Do You Like Your Raise America: From the Beltway to Blue Ash–Trump knows where the heart of our country really is

It was only January 2nd 2018 that Rob Portman visited the fabulous Sheffer Corporation in Blue Ash, Ohio once it was announced that the company would be giving all 126 of its employees $1000 bonuses due to the recent tax cuts that were passed just days before Christmas. Well that caught the attention of Donald Trump who came to that very same facility on February 5th just a month later to have a look at one of the first companies in the country to reinvest in their employees based on the tax cuts and to endorse congressman Jim Renacci for his run against Sherrod Brown for the Ohio senate race.

The visit yet again by President Trump to the Cincinnati area says everything about the strategic importance that the Tri-State area has in the national scheme of things. Trump understands the value of Ohio not just in winning elections and building a cohesive Republican Party ahead of the 2018 midterms. He understands where few do that what is happening in America is a huge step forward with regard to the human race—a new age of enlightenment for which Adam Smith could have only dreamed, and it’s happening in a very enthusiastic way, and it all starts with the little companies like the Sheffer Corporation—not the big industrial giants with lobbyists who camp out in Washington to get the ears and support of policy makers over wine at the Four Seasons.

http://www.sheffercorp.com/
https://www.portman.senate.gov/public/index.cfm/press-releases?ID=0C2BBB64-3BF6-4CBC-BFCA-1CBDFF7F7DF4.

How did you like that America, the raise you just received in your latest payroll check? Most everyone who has a job received on, and it was a significant increase. Most of the time we see less of our money because there is always some drooling politician voting for another tax increase for every little appeasing project that are so tempting to the negotiator afraid of federal trade unions. We have seldom in recent generations ever seen government give back money. So yes, most people employed with a real job in America got a pay increase starting at the end of January and the beginning of February. It took a lot of senators and congressional representatives to pull it off. Rob Portman certainly did his job which is why he came to the forward thinking Sheffer group in the first place. But if not for Trump’s negotiations and sheer persistence the tax cut would have never have happened. It was due to his sheer tenacity and salesmanship that a tax bill actually ended up on his desk and signed so that once the holidays were over, companies could start handing out checks to their employees and employees could start seeing more money on their checks. The whole process only took about 5 weeks which was lightning fast government.

There’s a lot to feel good about. Democrats at this point only have one hopeless shit shot from mid court to make against Trump and that is to hope that somewhere in his dealings the New York business mogul made a big enough mistake in dealing with the Russians that Democrats can create doubt about Trump’s presidency. What else have they got, they have boring candidates who are out of touch, many of them old and unappealing in every way? They are getting killed in fund-raising, so even if they did have challengers for the 2018 midterms, where will they get the money to run against Republicans? It is astonishing that after that congressional memo about the FISA abuse so many media outlets instantly went to the former model and Trump assistant Hope Hicks as someone who was up to something involving Don Jr’s interview of a Russian lawyer—as if anything there amounted to anything. For instance, watch the ABC News report shown below about the excessive detail they will go to uncovering every rock involving Hope Hicks when the most explosive evidence of collusion, obstruction of justice, and scandalous activity come from those who just hate Trump. For as much as the media celebrates their efforts at bringing down corruption from powerful people, like in the film All the President’s Men and the recent Spielberg film, The Post, the biggest conspiracy to commit crime in the history of our nation just occurred with the FBI yet only Fox News is covering. That’s not because Fox News is a partisan outlet, it’s because everyone else is in on the game for their own preservation. Hating Trump is to hate the change and refocus on priorities that come with him—a refocus from the Beltway to Blue Ash.

The hatred of Trump and his administration as I’ve explained before come from the professional bureaucrats who make a living off the chaos of Washington D.C. politics. As a self-made billionaire Trump is above Beltway politics. The only thing he may have in common with them is that he loves attention and adoration. But Trump gets that adoration at events like this Blue Ash visit while the professional bureaucrats get it from power lunches at the Four Seasons. If you’ve ever been to Georgetown dear reader and went to the mall there, and places like the Four Seasons you get the distinct impression that all of Washington politics exists for the simple reason of coming to places like that for lunch and talking with like-minded people over fancy meals and pampered circumstances. They never want to solve any real problems because it is chaos that keeps them all overly paid employees of the government and allow them to have lunch in such places and kiss people they don’t like on the cheek when they arrive for brunch to talk about essentially nothing so they can do the same thing tomorrow.

Meanwhile workers at Sheffer are happy to pick up a few Coney dogs at Skyline Chili in Blue Ash for lunch and to talk about football, baseball, or basketball, whatever is going on at the time. They just want to live their lives and bring home some money to their families. Those people at the Four Seasons didn’t think to put any money in their pockets with decreased tax burdens, or taking off the regulations that crush companies like Sheffer from doing business. Politicians like Nancy Pelosi who goes to the Four Seasons for lunch a lot might drop a $1000 each time, and not think anything of it. But a $1000 in the pockets of the workers at Sheffer is an enormous amount of money. In some ways its life changing because if you add that to the weekly increases, it gives employees a chance to get out ahead of their monthly bills just before they see substantial increases in their weekly checks—ahead of tax returns—where its likely they’ll have additional deductions. By summer those employees at Sheffer will be much better off financially than they were the year before, and they have Donald Trump to thank.

Yes, the stock market dropped substantially on the Friday that the now famous FISA memo was released. The same type of people who thrive off the chaos of government retaliated with the very positive jobs report that was coming out showing great economic growth and that wages were up already in the 2018 year. To conventional investors that means inflation and interest rate hikes at the Fed so there was a big sell off that probably isn’t over. But we are not living in conventional times. Donald Trump certainly isn’t a conventional president. It won’t take long for employees of Sheffer and the many thousands of other companies like it out there in America to start spending some of their extra money on this economy and giving new companies the needed boost in sales a chance to chase their dreams and further expand our GDP. Conventional arguments against the optimistic appraisal Trump has about GDP growth trajectory will say that everything is working against him, child-birth is down, work place participation is down, efficiencies are questionable as global markets shift priorities, and that the top growth anyone can expect is only 2%. But what they don’t know is that technology is changing giving standard economic models an irrelevancy that they haven’t quite figured out yet and productivity will be expanding per capita making all the formulas have to recalibrate themselves to the Trump economy that is several parts optimism, a tad bit of nationalism, sprinkled with opportunities created by deregulation and what we end up with is a formula for greatness that only people in Ohio and flyover states like it see first. That’s why the president was in Blue Ash and not having lunch at the Four Seasons in Georgetown.

Rich Hoffman

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Finally, I’m Proud of my Government: And Trump University was never a fraud

For the first time in my life when I look at the White House, I’m proud. That actually goes back to the days of Ronald Reagan—everything in Washington D.C. seemed dirty and corrupt to me, but now—now everything is different. The Trump White House has given me faith in an American government not as some ominous thing to be feared, but a partner in the great American experiment yearning for a better tomorrow. After passing the tax cuts through the House and Senate by midweek 2017 in a December looking toward Christmas, I witnessed something I thought would never be possible. I hoped it would honestly, but I had doubts it could—and that is to see business objectives applied to politics for the sake of changing the way the whole game will be played forever more. Donald Trump has brought an honesty to the White House and therefore all of Washington D.C. culture that has altered the course of the human race I think forever. This little evolutionary step we’ve seen in the year of 2017 will always be viewed as a special time that the world will reflect on and be thankful for.

I have to think back to the very dishonorable thing Mit Romney did when he came out against Trump in the primaries as the establishment GOP threw everything including the kitchen sink at Trump to stop his nomination process. Probably the hardest hitting criticism Romney leveled at Trump was about Trump University being a fraud. As I’ve said before, I’ve read all of Trump’s books over the years—as everyone should. If you really want to know who Donald Trump is, read the books he’s written—he is a very open person. Well before he was president of the United States he had a deep concern to help motivate people to greatness. Basically, he’s a high energy guy who loves to work, so he gets involved in lots of things in his life, and he loves to talk about them. He sets high standards for himself and always seeks to meet those standards. For instance, when he plays golf with other professional golfers, he doesn’t see himself as inferior to them. Instead he plays with them to get better himself, but he doesn’t consider himself an inferior talent, the way most people would. Whatever Trump has ever done he justifies that if he puts the time and effort into being good at it, that he can be as good if not better than everyone else.

Trump’s pursuit of greatness has given him a good life, and he’s been very open to sharing that good life always. Like a lot of us he looked around once his Celebrity Apprentice show took off at NBC and figured that lots of people wanted to learn from him—so he started Trump University. There are a lot of schools out there that are actual frauds, such as Yale, Harvard, Oxford, Princeton and many others—because what they sell is not what you are getting. In the established schools their intent isn’t to teach you about the world and how to live in it—they are there to program children into becoming liberals and adjusting student’s lives to socialism. They sell their services as helping people get good jobs, but what they are really after is programing children into liberalism. There are other schools like Liberty University that try to teach conservative studies, but they are typically looked at by the political left as institutions of fraudulent activity—because they aren’t part of the orthodox. That’s when Trump entered the fray with a university of his own located in one of his developments along the Hudson—and his intention was basically to share his experience with hungry minds wherever they came from.

As Mit Romney did his public comments against Trump criticizing Trump University specifically I was holding in my hand my copy of a book called Trump 101: The Way to Success—which was published by Trump University. How could Mit Romney say that Trump University was a fraud as I was holding one of the books produced by that endeavor that was clearly written to improve the lives of people in business—and in life? The answer was that he couldn’t. Trump University may not have taken off the way Trump wanted—but he certainly tried. Once Obama was elected in office and it was obvious to the rest of us that we had a real criminal enterprise moving into Washington D.C. Trump moved his efforts more to the Tea Party movement—like many of us right thinking people did—in 2009. After Obama personally called out Trump at the correspondent’s dinner in 2012 Trump had decided that he’d try for a presidential run and give the Tea Party movement the thrust it had been lacking. I think for him based on the books he had written, it was the ultimate challenge to some of his lifelong philosophies—and if he pulled it off, he would have a chance to actually save the nation.

I knew Trump was never a fraud and I was a supporter of his essentially from the time he announced he was running. I based my support on his books because I knew that if a guy who thought the way he did were ever to become president, then he’d be the greatest that we had ever had—that includes Lincoln, and George Washington himself. Trump has never been a bad guy who functioned from his flaws—he’s always sought to be better each day that he woke up. He was a little crazy with women for a while as he lived a genuine playboy life—which in his day was the way success was defined. But he obviously outgrew that over time and has arrived into his modern age better prepared than anybody to do the hard job of being President of the United States.

His first-year successes are straight off the pages of his books and I’m happy to say he hasn’t disappointed me in any way this entire time. Most people don’t think of him as an author, but he’s quite expressive and very inspiring—naturally, and I think his written works are some of his best attributes. I really look forward to reading the books about his presidency in the future—because there are some really wonderful things happening every day in his administration. For people who clearly wanted America to fail—of course they hate him. They hate all of us and have decided that they don’t want to live in a country with our values—they made that decision, not us. But until Trump came along to flip the tables, they had control of the narrative within the media. They don’t have it any longer, and it only took a year. Because of Trump and his successes, they are forced to reveal themselves—really for the first time, and people can see the maliciousness of their actions in the light of day. Trump has brought honor to the White House that will have a lasting effect—and I’m very proud of what his administration has been able to do in such a short time. Based on his books, I know this is all just the tip of the iceberg, there will be many more great things to come and soon people will forget about all the ugly stuff. And that will be the greatest thing of all—something that we will all carry deep into the future for all time.

Rich Hoffman
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The GOP Passes Tax Cuts: How this causes the Democratic Party to end

I’m not going to say who I said it to, but I can say that it was quite a few very influential people. I’m not a big tea and cookie socialite who works the circles of power to advance thoughts on a matter, but I do deal with people who do—and they do good work of advancing conservative philosophy. So I’ll say here what I’ve been saying to them—get this tax bill done and we have a real possibility of 6% growth by this upcoming summer of 2018. Go ahead and mark it on your calendars and we’ll talk about it when the time comes. Unfortunately, most people—especially politicians with backgrounds in the legal profession do not understand economics. Unless a person does enormous amounts of personal research and self-education our school systems both public and private do not teach proper understanding of basic economic concepts. The political establishment has adopted socialism for well over 100 years with only periods of market fluctuation due to tax reductions—and that has hindered the American economy enormously. With that in mind these tax cuts passed under the Trump administration have enormous implications for our future in a positive way—so what happened today is not just a victory for Republicans—it’s a cultural revolution at the most fundamental level of conservative philosophy.

What all the doomsayers don’t want the American public to know is that yes, trickle down economics works—it really is the only method. The fantasy of a wealth redistribution utopia that liberals have fantasized about since Sir Thomas Moore’s publication of Utopia is purely science fiction with no basis in reality. It is a made-up sentiment that is built on hope, not facts and liberals have distorted that hope into some very ugly moments in world history—the rise of the Nazi, the rise of Mussolini, the rise of the Castros in Cuba, the communization of China, Vietnam and North Korea. The destruction of Central America and South America—particularly Venezuela and the cannibalization of all Europe. Africa is a continent of warring tribes fueled by communist sentiments as is Iran in the Middle East. It was Marxists who took over Iran back in the 70s which make that country such a danger today. What they all have in common is a destructive sentiment toward liberalism—because people were all trained at the same liberal colleges and were raised by the same basic liberal elementary education. And for nearly 32 years, since Ronald Reagan left office essentially, America has tried to be a team player to go along with all these leftist ideas regarding economics and technological development—which has nearly destroyed us. That changes today.

The passage of the GOP Tax Cut and Reform Bill is a bold step away from the global trend toward tax and spend communism, which was always the intention of the wealth redistribution strategies which has hand cuffed our economy for years. Once the dust clears and people don’t die, and bank accounts fill up, while America starts filling some of those empty store fronts in strip malls again with viable businesses the truth will be there for all to see. The pent-up wealth that has been hiding in the world has now been given a safe harbor to dock in, and America will explode with renewed enthusiasm. Isn’t it nice to have a business guy as president, who understands money? I love it for a change. Ohio would be smart to hire Jim Renaicci as the next governor to bring that same kind of understanding to a state that needs it. This GOP would not have passed the bill if Trump had not framed the argument and set a time table—like all good managers do. Everyone knows that presidents are not supposed to create legislation, congress does, but from the Executive Branch and as the head of the Republican Party they do set the table—and Trump did. Without this, nothing would have happened.

It pained me to watch Savannah Guthrie on NBC interview Paul Ryan about economic matters because all her assumptions were incorrect. She cited Michael Bloomberg as an authority on business without mentioning that he is a major tax and spend liberal. He lists himself as independent because he’s actually a socialist like Bernie Sanders—a major contributor to the progressive caucus. It doesn’t matter that he’s a billionaire—look at George Soros, and Mark Zuckerberg—Warren Buffett, there are a lot of wealthy people who either don’t want more competition among their peers or they fell into their wealth by good luck—because they really aren’t very smart. That doesn’t make them business tycoons just because they are rich—yet people like Guthrie use them as ways to bridge their socialist theories to reality. What they all have in common on the political left is an inherent mistrust of human beings to do the right things—so they assume that the heavy hand of government should always be ready to enforce the laws of our nation and the basic assumption of fairness for which most of us all agree on. Liberals go wrong because they assume that people can’t be trusted—they as a political party have trust problems and that is a sickness of their own making. What Bloomberg really reveals in his tax answer is just what Soros would—they know that inside themselves to their very core they tend to lean toward evil intentions, so they assume that is the way everyone is. But that is not the case of reality. Hating corporations is not a viable strategy for economic growth. I am a job provider, and it is my experience that every car in the parking lot of my endeavor depends on me to fuel their economic lives. Their car payments, their mortgage, their entertainment—the children they raise—everything they do depends on good decisions made by their employer—in this case me. They need to be able to trust me and I need to be able to trust them. Since I am a person who does not have trust issues, I find the exchange is a very healthy one most of the time. And as I look around my community at all the businesses large and small that have to have that same relationship with their employees for the same reasons it is there that you can see “our economy.” Its not some magical thing that government controls, it exists on a microcosm of individual relationships successfully exchanged. Government is like introducing a third wife to a marriage—it doesn’t work—it introduces mistrust and more emotional liabilities rooted in the sum of their intellectual neurosis—the tendency to mistrust people. That mistrust contaminates everything involved in an employer/employee relationship. Guthrie and the people like her obviously don’t understand that basic premise—and why would they think otherwise since they’ve been taught socialist ideas from their infancy by the world at large.

https://www.msn.com/en-us/news/politics/savannah-guthrie-to-paul-ryan-%E2%80%98are-you-living-in-a-fantasy-world%E2%80%99/ar-BBH3D4q?li=BBmkt5R&ocid=spartandhp

The boldness of the GOP plan goes against that insecurity that has been implicit during the entire progressive era—since Teddy Roosevelt switched from the Republican party to become the first presidential progressive candidate. Two decades later his nephew FDR, would become the second fascist to sit in the White House. The first was Woodrow Wilson. These people had emotional problems yet from the political left they shaped our education institutions with a false premise of basic mistrust in the “invisible hand” of Adam Smith’s ground-breaking examinations on capitalism. What we can always trust in humanity is that people generally act on behalf of their own self-interest. So when dealing with them, so long as self-interest is part of a calculation, you can trust the result—which is what is the key behind this tax cut plan of the GOP. Self-interest means employees leave companies if there is somewhere to go. Self-interest means corporations will pay more to retain their talent from a competitor. Self-interest means a company will locate to America so they can be near their families if the tax rates are equitable. Self interest keeps a person from jumping off a bridge where the railings are only hip level. If someone wanted to, they could jump over—and most people live within those guidelines except for the occasional idiot who has painted their lives into a corner with lots of bad decisions, then seek to committee suicide. This GOP tax cut puts trust back into people and that is truly terrifying for liberals, but what they will discover like the child who is terrified of the monster they think lives under their bed, is that there isn’t anything to be afraid of. And learning that scares them even more—because that is the foundation of their liberalism.

Rich Hoffman

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The Biggest Tax Cut in History: It looks like we’ll have a nice, “green” Christmas–and we deserve it!

I am excessively proud of everyone who stayed late on Friday night and passed the largest tax cuts in American history sending the bill into reconciliation next week.  That keeps the tax cuts on course for President Trump to sign the legislation into law likely on Christmas Eve in quite dramatic fashion.  In this day and age something like this is excessively rare, and not to take anything away from those in the Senate who did and would always support this president, but for those who have been actively working against him, this was a significant thing for them to do at a critical time. The forces against this tax cut were monumental—as all day long during the debate period news against Trump was released attempting to derail the entire process—including the plea deal with General Flynn.  But the Flynn case is going nowhere; of course he was directed to talk to Russians—and many other countries AFTER winning the election—not before.  That would have been his job—so that is the end of that story.  Yet the way the Senate stayed on the road and avoided distractions to do something that essentially is one of the biggest days in American history is to be commended.

One thing that was exposed during this whole ordeal was just how ignorant many people these days are about the basic nature of economics.  I often point around the world to show how poorly places we typically think of as great countries struggle in comparison to the United States.  How much time have I spent on the radio, television, and writing literally hundreds of articles on the topic of economics trying to teach people why they should support something like what happened on December 2, 2017 at 2 am in the morning?  If I added it all up it would come out to years of my life dedicated to the cause of just educating people on basic economic principles.  Yet so many people are taught incorrectly about how money works and what the value of capitalism is, that they just don’t understand why this tax cut was so significant.

It was stunning leading up to the big vote that the Dow Jones stayed over 24,000.  That is trillions more added to the United States economy in just the few weeks that we thought it was a miracle to see the record high of 23,000.  How high can this thing go?  30,000, is that even possible?  I think it is. Once you add deregulation with reduced corporate rates we are talking about a recipe for success unlike anything that has been seen in America—or anywhere—in human history.  If Trump retired today from the White House he would go down in history as the greatest of all our presidents—essentially because of his work at putting our economy back on track.  With these tax cuts and the tremendous amount of money pouring into the stock market coming essentially from investors who have been sitting on their money for years, I predict we will see economic growth in the United States of over 6%.  I actually think it will be much higher than that, but declaring such a thing at this point is pretty astronomical—so for credibility reasons, I’ll have to stick to the parameters of history. How do you pay down the horrendous national debt that we’ve had that is up to over $20 trillion dollars—you have 6-10% growth for a few years and the flow of money back into the United States takes care of all that and touches literally the lives of every single person.

I remember what it was like the last time America experienced that type of economic growth.  I was a young guy just entering the world of adulthood and I was making a lot of money.  I was making more than my dad was after years at the top of management at the company he worked at for decades, and I was doing it right out of high school.  For a person like me willing to work, there were boundless opportunities.  I was doing so well I was looking for a condo separate from my primary residence just as a bachelor pad so I didn’t have a bunch of girls fighting each other at my front door.  That all changed of course when I found the perfect girl for me and we married on the backs of that very strong Reagan economy.  The world seemed like it had endless possibilities to us and I always felt I could support my family by working whatever jobs I needed to so everyone had what they needed.  Then the 90s came with the global tampering of George Bush, then with Bill Clinton—and America entered a dark period of decline due to high taxes and over regulation.

By the time Obama was in the White House the global plot for America was obvious.  The capitalism of our great nation was fully under attack and a major wealth redistribution scheme was well underway, just as Ross Perot had warned during the 1992 election.  Yet it was even worse than Perot had said.  As a last-ditch reaction, the Tea Party movement emerged and over the next five to six years a major shift in philosophy toward economic and moral matters exploded on the scene which resulted eventually in the election of Donald J. Trump—the mastermind behind the popular television show, The Apprentice, and now the rest is literally history.

Trump is the whole package; he made himself into a celebrity combining entertainment with excessive fiscal knowledge making his billions the hard way.  That has poised him for just these kinds of battles and now in a spectacular fashion he was able to pull people together with masterful negotiating skills and open up our economy on the eve of Christmas 2017.  It was the Christmas of 2010 that the Obamanites in congress unleashed their Obamacare bill which took over a fifth of our economy.  But late last night, and likely to survive the reconciliation process is the heart of Obamacare, the individual mandate.  Without that individual mandate the socialization of our health care industry has no teeth, and this puts competitive dollars back at work to bring all costs down for the first time over that nearly decade long process.  It was one of the saddest Christmases that I can remember reading the newspapers on Christmas morning 2010 as congress took advantage of everyone’s Holiday distractions to essentially inject socialism into our American economy in a purposely crippling way.  At Christmas dinner that year my family contemplated the unthinkable—violence to take back our government—or a miracle of a politician in the White House.

With this kind of positive news 2018 will be a noticeably different year.  When it comes to economies, it’s your industry that makes GDP.  You have to have jobs in order for wages to increase.  And you can’t create jobs that pay well off the backs of tax payers, the way it has been for some time now.  Corporations, as much as socialists like to yak about Wall Street and faceless boards of directors and the profits generated—are what give individuals wealth.  Giving individuals a few hundred bucks in tax cuts won’t do much for your economy, but giving job creators tax cuts unleashes a tremendous amount of potential, and for Trump and the Republicans to stay focused on that says a lot about their fiscal understandings.  It is too early to know if we will all have a white Christmas—but one thing we can all be sure about assuming that congress continues on their path of approval, is that this year we’ll certainly have a “green” Christmas—and it will go down in history as one of the most significant we’ve ever had, or ever will.  This tax decrease is a historic game changer!

Rich Hoffman
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