Tax cuts, Alabama election: Jim Lacy comments on Australian Broadcasting’s “Weekend Breakfast”

California Political Review publisher Jim Lacy sums up this week’s national political news on tax cuts and the Alabama Senate election for Australian TV’s Sunday show, “Weekend Breakfast.”

Travis Allen surges to top Republican, #3 overall in Governor’s race!

Travis-Allen-Associated-PressDespite Republican opponent John Cox’s spending over $3 million already in his race for Governor, conservative Assemblyman Travis Allen (R – Huntington Beach) has surged past Cox in a USC statewide poll released today, and is now in the #3 spot over-all in the 2018 race for California Governor, and is the top Republican contender. Allen gained the support of 15% of voters who plan to cast ballots in the primary.  Cox received the support just 11% — and is now in a more distant #5 spot in the race to beat Gavin Newsom.  In the last series of polls, Allen has been consistently gaining percentage support, while Cox has consistently declined, despite spending much more than Allen on consultants and social media advertising for his campaign.  Cox has had trouble convincing Republican volunteer group members to support him in recent weeks, as it was revealed that he did not support the Republican party nominee for President – Donald Trump, in the last election, and instead says he voted for the Libertarian Party nominee, Gary Johnson.

Here are the poll results:

Gavin Newsom (D): 31%

Antonio Villaraigosa (D): 21%

Travis Allen (R): 15%

John Chiang (D): 12%

John Cox (R): 11%

To read the Los Angeles Times story on the USC poll, click here: http://beta.latimes.com/politics/la-pol-ca-latimes-senate-governor-primary-poll-20171109-story.html

 

Xavier Becerra Loses Yet Another Lawsuit Against Trump

From San Francisco Chronicle

A federal judge on Wednesday denied an attempt by California to force the Trump administration to pay billions of dollars to insurance companies to subsidize health plans for low-income Americans.

The payments, known as cost-sharing subsidies, were established under the Affordable Care Act to reimburse insurers for offering lower deductibles and co-payments for some consumers who buy health plans on the insurance exchange. The payments are one of two types of ACA subsidies that lower the cost of health care for millions of Americans; the other type helps consumers pay for insurance premiums.

Read the full story here: http://digital.olivesoftware.com/Olive/ODN/SanFranciscoChronicle/shared/ShowArticle.aspx?doc=HSFC%2F2017%2F10%2F26&entity=Ar00111&sk=A0749618&mode=text

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Supreme Court drops Hawaii Challenge to Travel Ban Case

From Washington Times:

The Supreme Court issued an order Tuesday dismissing Hawaii’s challenge to President Trump’s refugee policy, as encapsulated in his earlier “extreme vetting” executive order, saying the case is moot because the 120-refugee pause has now expired.

The justices acted on the same day that the 120 period expired.

Mr. Trump is expected to announce an updated policy later Tuesday.

US Vice President Mike Pence (L) and Speaker of the House Paul Ryan (R) applaud as US President Donald J. Trump (C) arrives to deliver his first address to a joint session of Congress from the floor of the House of Representatives in Washington, DC, USA, 28 February 2017.  / AFP / POOL / JIM LO SCALZO        (Photo credit should read JIM LO SCALZO/AFP/Getty Images)

“Because those provisions of the Order have ‘expired by [their] own terms,’ the appeal no longer presents a ‘live case or controversy,’” the justices said.

Las Vegas shooting tragedy, Second Amendment rights explained, Jim Lacy on Australia’s “Weekend Breakfast”

In this video broadcast Sunday morning, October 8 on Australian Broadcasting Corporation’s “Weekend Breakfast,” California Political Review Publisher Jim Lacy discusses the Las Vegas shooting tragedy, explains Second Amendment rights, and defends the Trump Administration’s response to the Puerto Rican hurricane.

Hollywood sex scandal double standard exposed…by LA Times!

When the infamous “Access Hollywood” tape leaked one year ago, capturing then-candidate, now-President Trump bragging in coarse terms in 2005 about being allowed to grab women because he was a celebrity, Hollywood had a meltdown.

Cher called Trump a “scumbag carny barker” on Twitter. Comedian Patton Oswalt labeled him a “sexist creep.” Actress Emmy Rossum wrote: “misogynistic entitled pig.”

This week, amid revelations that Oscar-winning movie and television producer Harvey Weinstein had a long history of sexually harassing women, Hollywood’s response was largely muted. Film studios on Friday all declined to comment.

“Yup. Hollywood shines light on Catholic Church, sex trafficking — let’s shine it on ourselves a second and what we’ve condoned,” actress-writer-producer Lena Dunham wrote on Twitter, one of the few celebrities who took a public stand.

Read the full article here: http://beta.latimes.com/business/hollywood/la-fi-ct-weinstein-hollywood-hypocrisy-20171006-story.html

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Trump Tax Plan Terrific Boost for California Small Businesses

The much anticipated Federal tax reform framework developed by the Trump Administration and Congressional leaders has been released this week, and it not only lives up to the President’s campaign promises to lower taxes, but will be particularly welcome relief for California’s small businesses.  An outline of the tax reform proposal appears below.

Small businesses in California create jobs at a faster rate than big businesses according to the nonpartisan Public Policy Institute of California.  Sole proprietorships make up 3.1 million of California’s 4 million business entities according the the state legislature, yet their job creating abilities have been hampered by both Obama-era policies that impose high marginal income tax rates of 39.6% and job killing regulations, and also state policies that keep raising taxes, set the highest marginal state tax rate at 13.3% and place further regulatory impediments to business growth.  The combined current Federal and state top marginal tax rate of 52.9% of income is simply killing off California’s potential for business expansion and better job growth among the state’s many small businesses.

But that is about to change with federal tax reform if the Trump plan can be embraced by members of California’s Congressional delegation and passed into law.  While the over-all Trump tax plan is geared to middle class tax relief and simplifying the enormous tax code, an important provision will give California’s many small businesses some needed breathing room.  Under the Trump plan, the top marginal tax rate for small family-owned businesses, sole proprietorships and so-called small business “S Corporations,” will be reduced and capped at 25%!  This tax reform will allow many of California’s small businesses immediate tax relief, helping profitability, and help businesses to plan and grow and create new jobs with the understanding that their firms won’t be pushed into a more expensive tax bracket for all the effort.  The result should be a greater participation in an improving economy by middle class business owners and more and better job opportunities across the state.

There are a lot of good ideas in the new Trump tax plan, but in my view among the provisions that are the best are those that help and offer hope for California’s small businesses, who are otherwise under siege in a state considered the “worst for business” by CEO magazine now ten years running.

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HIGHLIGHTS OF THE UNIFIED TAX REFORM FRAMEWORK

Lowers Rates for Individuals and Families

The framework shrinks the current seven tax brackets into three – 12%, 25% and 35% – with the potential for an additional top rate for the highest-income taxpayers to ensure that the wealthy do not contribute a lower share of taxes paid than they do today.

Doubles the Standard Deduction and Enhances the Child Tax Credit

The framework roughly doubles the standard deduction so that typical middle-class families will keep more of their paycheck. It also significantly increases the Child Tax Credit.

Eliminates Loopholes for the Wealthy, Protects Bedrock Provisions for Middle Class

To provide simplicity and fairness the framework eliminates many itemized deductions that are primarily used by the wealthy, but retains tax incentives for home mortgage interest and charitable contributions, as well as tax incentives for work, higher education, and retirement security.

Repeals the Death Tax and Alternative Minimum Tax (AMT)

The framework repeals the unfair Death Tax and substantially simplifies the tax code by repealing the existing individual AMT, which requires taxpayers to do their taxes twice.

Creates a New Lower Tax Rate and Structure for Small Businesses

The framework limits the maximum tax rate for small and family-owned businesses to 25% – significantly lower than the top rate that these businesses pay today.

To Create Jobs and Promote Competitiveness, Lowers the Corporate Tax Rate

So that America can compete on level playing field, the framework reduces the corporate tax rate to 20% – below the 22.5% average of the industrialized world.

To Boost the Economy, Allows “Expensing” of Capital Investments

The framework allows, for at least five years, businesses to immediately write off (or “expense”) the cost of new investments, giving a much-needed lift to the economy.

Moves to an American Model for Competitiveness

The framework ends the perverse incentive to offshore jobs and keep foreign profits overseas. It levels the playing field for American companies and workers.

Brings Profits Back Home

The framework brings home profits by imposing a one-time, low tax rate on wealth that has already accumulated overseas so there is no tax incentive to keeping the money offshore.

Xavier Becerra Keeps Losing Big Political Cases As Attorney General

Xavier Becerra has already lost some big cases in his new role as California’s Attorney General, as he turns the resources of the state’s top justice office into a political machine for the Democratic Party.

Early this week, a Sacramento County Superior Court Judge determined that California’s attorney general wrote a misleading description of a ballot initiative to repeal the recently approved gas tax increase.  Judge Timothy Frawley ruled that Becerra’s official ballot description would likely confuse voters because it focuses on the loss of transportation funding rather than the repeal of taxes.

“The problem with the Attorney General’s title and summary is that an ordinary, reasonable elector, who is otherwise unfamiliar with the initiative, would not be able to discern what the initiative would do,” Frawley wrote.  Frawley will require lawyers from the Attorney General’s office to appear again on September 22 on the ballot title and summary, which appears on petition forms and the ballot, with revised language that is not misleading.  Republican Assemblyman Travis Allen, a candidate for governor, is backing the repeal initiative and brought the lawsuit against Becerra’s ballot title.  The description must be finalized before Allen and his allies can begin collecting signatures in an attempt to put the repeal bill on the November 2018 ballot.  “This brings us one step closer to repealing Jerry Brown’s hugely unpopular gas tax,” Allen said in a statement to reporters.

Becerra’s office did not immediately respond to a request for comment.

Becerra’s ballot description hardly mentioned the initiative was intended to repeal the new gas tax, imposed in a highly partisan vote earlier this year by Democrats in the Legislature and Governor Jerry Brown.  Instead, Becerra tried to cast the intention of the initiative as to “reduce transportation funding.”  Why did Becerra prepare a misleading description of the ballot initiative?  Political analysts said that Becerra was illegally attempting to influence voters to oppose the repeal of the Democratic-backed new tax, rather than just describe what the measure really stood for, which is the non-partisan xavier-becerrapurpose for his office’s review of the ballot and title summary.  Democratic lawmakers voted in April to boost gas taxes and vehicle fees to raise $5 billion a year for road repairs.  Starting Nov. 1, gas taxes will rise by $0.12 per gallon and diesel taxes by $0.20, along with new auto registration fees.

The gas tax initiative is not the only case that Becerra has politicized and lost.   Becerra lead the Attorneys General of 15 states and the District of Columbia, who filed their own briefs in opposition to the “travel ban” put in place by President Trump, intended to be a temporary pause in travel from states the Obama Administration had identified as terrorist prone, until immigration authorities could implement greater protections.  Becerra greatly exaggerated the travel pause Order and said it “threatens to rip apart California families, risks their economic well-being and defies centuries of America tradition.”  The legal opposition from Becerra, paid for by California taxpayers, is part of a plan to thwart the Trump Administration from achieving its campaign promises.  According to Becerra, “a number of attorneys general have been in conversations, since before Trump even took office, about doing everything possible to protect the rights of people.” “In terms of the travel ban, it was a matter of trying to make sure we could make a good case that it was unconstitutional and it violated federal law.”  Becerra’s big problem, however, is that the United States Supreme Court rejected his arguments and upheld the “travel ban” Order as constitutional, with few exceptions.

Losing on the gas tax repeal initiative and the Trump travel ban challenge are not expected to dissuade Becerra from continuing to divert and misuse the resources on his legal staff away from a focus on reducing crime in California, to instead advancing partisan progressive Democratic political objectives like keeping taxes high and opposing President Trump at all costs.  Becerra recently announced he is going to sue the Trump Administration to halt building of further border control fencing in California, a case he will also surely lose in future, as federal sovereignty over border control is among the strongest constitutional powers that exist in Federal law.  In the meantime, it is California taxpayers who will get stuck with the legal bills for all of Becerra’s losing cases.

DACA, Debt Ceiling, North Korea explained – Jim Lacy on Australian Broadcasting’s Sunday Show, 9/10/17

In this segment from the Australian Broadcasting Corporation’s Sunday news show “Weekend Breakfast,” California Political Review publisher Jim Lacy discusses the week’s news in Washington, D.C., including the Trump Administration’s DACA announcement, the Hurricane Harvey relief package, North Korea, and Trump’s determination to stem illegal immigration.

“Just Cut Taxes!” Jim Lacy on Fox Business

In this video segment airing on Fox Business News Channel’s “Varney & Company” on August 23, California Political Review publisher Jim Lacy offers his opinions and answers the question about what Senate Republicans and the Trump Administration need to do to get along better by saying “Just Cut Taxes!”