Tag Archive: Tax Reform


“If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer.” – President-elect Barack Obama

America did it.

Ten years ago — the anniversary is a week from tomorrow, Sunday, November 4 — Americans performed the once unthinkable political/societal miracle: They overwhelmingly elected an African-American as the 44th President of the United States, Barack Obama.

Americans were once again globally seen as an exceptional and extraordinary country. We seemingly put aside our deep-seeded divisions to elect a visionary with a unifying message of hope and change.

Sorry for those who refer to America as “This Nation:” — your favorites, Denmark, Norway and Sweden — all monarchies — are not exceptional nations and never will be. Once again the USA proved to the world it’s the Land of Opportunity, and yes an extraordinary country.

Two months later, a record crowd turned up in Washington D.C. to watch Obama put his hand on the Bible. Sorry Donald, the size of your inaugural crowd was not even close.

Looking back one decade later, Almost DailyBrett must rhetorically ask:

What happened to the Hope? What happened to the Change? What happened …?

To many it seems that racism and hatred has steadily increased and mutated since 2008, when 69.4 million Americans cast their votes for Barack Obama (e.g., 365 electoral votes).

Ditto four years later, when 65.9 million Americans re-elected Obama (e.g., 332 electoral votes) to the White House.

Maybe Obama’s comfortable election/re-election against War Hero U.S. Senator John McCain and successful former Massachusetts Governor Mitt Romney respectively were not championed in all quarters … some on the right … some on the left.

Those with ongoing political agendas, based upon leveling charges of racism to intimidate dissent, were seemingly perplexed when an African American was elected to the highest office of the land.

Were the North vs. South battles over, and the war… won?

Some may have rhetorically asked: “How can we continue to charge, accuse and allege racism when 60 million-plus Americans – the majority of these voters were not black – went to the polling place or by mail and twice elected Obama by wide margins?”

Consider what happened to NASA when First Man Neil Armstrong was successfully placed on the Moon and safely returned?

Ponder what happened to the Anti-War Movement when American pulled out of Vietnam?

Weigh what happened to the Civil Rights Movement when Obama was elected president?

What’s next?

Wars Intensified To The Glee Of Some

“Race relations have arguably become more polarized and tenser since 20 January 2009. Though smaller in scale and scope, the demonstrations sparked by police shootings of unarmed black men were reminiscent of the turbulence of the 1960s.” – Nick Bryant, BBC New York correspondent

Polarization pervades our politics.

Obamacare passed with precisely zero Republican votes.

Tax reform passed with precisely zero Democratic votes.

Tribalization spread to our streets and ball fields. Mobs are roaming. They are angry and way too many times, violent.

The unfamiliar became familiar: the names/places including Treyvon Martin, Ferguson, Flint, Baltimore, Dallas, Antifa, Colin Kaepernick … became topics for the dinner table and even fighting in the streets.

More than ever, those who dared offer a different opinion, are/were labeled as “racists,” “misogynistic,” “homophobic,” “privileged,” “transphobic” …

Many on our hyper campuses became venues in which Unmensch with other points of view were charged with “micro-aggressions,” requiring “trigger warnings” and “safe spaces.”

The November 4, 2008 Spirit of Hope and Change is long gone after just one short decade, compelling one to ask: “Did it ever really exist?”

Many of these subsequent events (e.g., Treyvon Martin shooting) listed by Almost DailyBrett came before Donald Trump.

Did the lost promise of Hope and Change/corresponding rise of über Political Correctness prompt many of the 62 million to go to the polls and cast ballots on behalf of change agent, Donald Trump?

Hatred: The New Norm?

“I really worry that someone is going to be killed and that those who are ratcheting up the conversation … they have to realize that they bear some responsibility if this elevates to violence.” — Senator Rand Paul (R-Kentucky)

Senator Paul was on the same local baseball diamond when bullets flew and Rep. Steve Scalise (R-Louisiana) was shot, and almost killed. And just this past week, pipe bombs were sent to former and present Democratic office holders. Shots rang out today in a Pittsburgh Synagogue. Don’t even want to think, what’s next?

In the meantime, Almost DailyBrett has seen and experienced negative media before … but never to this extent. We are in unchartered waters, bringing into question what legacy/digital journalism means anymore?

Any positive news from the White House – no matter the subject or how it’s presented — is immediately turned in a dark direction by Oppositional Journalism.

The two tribes are polarized as never before. The other side of the aisle can’t cross the street to have a bite to eat without drawing ferocious protesters.

Civility? What civility?

How can we get back to the best hopes and eternal optimism, which characterized the legacies of Kennedy and Reagan?

We went to the moon. The wall came down. Kennedyesque and Reaganesque hope and change worked regardless of party.

Were we better citizens back then? Maybe so.

More to the point: Can we ever get back to the glimmering hopeful moments on November 8, 2008, when even politically charged allegations of “racism,” were given a rest …  at least for one evening?

http://edition.cnn.com/2008/POLITICS/11/04/obama.transcript/

https://www.wsj.com/articles/why-the-left-cant-let-go-of-racism-1503868512

https://www.nytimes.com/2008/11/05/us/politics/05campaign.html

http://www.pewresearch.org/2008/11/13/postelection-perspectives/

https://www.bbc.com/news/world-us-canada-38536668

https://thehill.com/homenews/senate/410610-rand-paul-on-political-climate-i-really-worry-that-someone-is-going-to-be

https://almostdailybrett.wordpress.com/2018/02/15/oppositional-journalism/

 

 

 

 

“Be sure to put on your own mask before helping others.”  — Flight attendant instructions before take-off.

The author of Almost DailyBrett couldn’t be more excited for his students preparing to graduate on June 9.

He is also charged up for his recent graduates, realizing that they too have the wind in their collective sails. No more taking any job just to survive, but instead actually seeking out a “position” that serves as the stepping stone for a rewarding career.

Think of it this way: Job boards are passé. Today’s graduates have a unique opportunity to seek out positions with their employers of choice through informational interviews and networking. They can create their own positions and forget about taking the first offer.

They have a unique opportunity to build their own wealth, and later give back to those who are less fortunate. They can voluntarily live below their means and become The Millionaire Next Door as reported by Mssrs Thomas Stanley and William Danko in their New York Times bestseller.

There simply has not been a better overall economic climate for competing college graduates in the last two decades.

We are living in a Goldilocks Economy.

Surging Business

Better strike while the irons are hot, red hot. Like all economic moves upwards to the right, the trend which is now their friend will not last forever.

Last week, we learned that America’s $19.41 trillion GDP economy grew at a non-inflationary 2.6 percent pace after two consecutive quarters of 3.0 percent … all of this growth coming before congressional passage/presidential approval of the historic tax reform bill and regulatory relief.

Could we experience 4 percent GDP in 2018, leaving no doubt that we are in a robust growth economy? How’s that sound, graduates?

Unemployment stands at 4.1 percent. The next Department of Labor’s jobs report will be announced on Ground Hog Day. Will it be the same percentage over-and-over again or even lower, coming closer to the 3.5 percent threshold for full-employment?

The benchmark Standard & Poors 500 surged 22.46 percent in 2017, and it has already grown another 7.55 percent since … January 1.

Wages and salaries are rising, reflecting a labor shortage for skilled employees.

America’s inflation rate (e.g., Consumer Price Index) was 2.1 percent in December.

The Federal Reserve’s Fed Funds rate is 1.25 percent, before expected increases by Jerome Powell’s Federal Reserve.

Americans for Tax Reform is keeping tab of the 263 companies (so far) making new commitments in terms of repatriations of billions overseas, paying more corporate taxes, increasing wages, providing bonuses, investing in the economy and hiring more people.

For example, FedEx announced the spending of $1.5 billion to expand/modernize its Indianapolis and Memphis hubs, $200 million in raises for hourly workers, and $1.5 billion for employee pensions.

The future regardless of economic gyrations revolves around newly professionally educated students graduating, who are ready to the hit the ground running in our digitized service-oriented economy.

We need graduates, who can tell the story and tell it well through the written word, verbal expression and compelling multimedia presentations.

To some, major corporations are somehow the bad guys in any drama. How can one arrive at this misguided conclusion, when these entrepreneurial firms innovate and produce the products we use on a daily basis, hire millions, invest billions, and provide trillions in investment returns for the 54 percent of Americans, who constitute the Investor Class.

This fantabulous story cannot be taken for granted, it needs to be told and retold by skilled communicators, the types we are graduating.

The great irony is American corporations are doing more to combat income inequality by hiring, investing and creating greater shareholder value by means of a reduction in corporate tax rates from 35 to 21 percent.

Portland: Where Young People Go To Retire

Or do they go there to stagnate?

As a former Portland resident for five years, Almost DailyBrett has news for those who voluntarily choose not to work: The recession of 2007-2008 is in the rear view mirror.

As mentioned earlier, the economy is thriving and there are more than McJobs, but positions.

If one is playing video games or binge watching “original content” – the new streaming video Holy Grail – then one obviously has a clue about digital devices.

How about putting that knowledge into the coming new Lingua Franca, coding as suggested by Apple’s Tim Cook?

There is no reason to do as little as possible and selfishly allow someone else to work two or more jobs to support you.

The time to strike is right now in this surging economy, and it won’t last forever.

The record number of working-age men voluntarily not working is estimated at 32 percent according to the American Enterprise Institute (AEI).

Alas, this is not a question of can’t, but really a question of won’t.

Sad, very sad.

https://www.wsj.com/articles/thank-you-for-tax-reform-1517009242

https://almostdailybrett.wordpress.com/2014/07/29/the-death-of-californication/

http://www.cbs.com/shows/60_minutes/video/BHTRU7FEG7TQECAG8UrdNwwI_8xUbvTq/portland/

https://almostdailybrett.wordpress.com/2017/12/02/is-coding-the-new-lingua-franca/

 

 

 

“We have a deep sense of responsibility to give back to our country and the people who help make our success possible.” – Tim Cook, Apple chief executive officer

The largest taxpayer in the world is paying more … $38 billion more … in one lump sum.

Apple is repatriating $200 billion in the world’s largest amount of overseas corporate assets, $252 billion.

The company also announced $350 billion in direct investments in the U.S. economy, not just share buy-backs. Apple will create 20,000 jobs right here in America.

Almost DailyBrett is proud to be an Apple shareholder, for more than the 83 percent in share appreciation since 2015.

Tim Cook and his lieutenants are proving to the world that a great company can be more than the innovator and producer of wonderful products (i.e. iPhone X, iPads, Mac). Apple is more than 123,000 jobs with full benefits and a terrific return for its shareholders

Apple is also redefining the relationship between fiduciary responsibility and corporate social responsibility (CSR).

To a few misguided, well-meaning souls, major corporations are somehow the enemy of the masses. And yet how does one who holds these views explain Apple’s good deeds?

The $38 billion is happening right now. These are additional revenues for the government that would have remained trapped overseas without a reduction in the world’s largest 35 percent corporate rate to 21 percent.

Think of $38 billion in terms of 38 x 1,000 x $1 million. That amount can start to make a quite a dent in fixing our highways, airports, bridges and other major infrastructure needs.

FILE PHOTO: The Apple Campus 2 is seen under construction in Cupertino, California in this aerial photo taken January 13, 2017. REUTERS/Noah Berger/File Photo

So much for those who say that tax reform is not a dynamic scoring stimulus.

These are the same folks who conveniently forgot the nation’s largest peacetime expansion occurred during the Reagan Presidency years in which 19 million jobs were created.

Yes, there will be a $1.75 billion-over-20 years impact to the federal treasury using static scoring.

But how much additional economic stimulus will come from putting more revenues back into the economy and lifting time-consuming, expensive regulations? This is the serendipity of dynamic scoring.

Now that Apple has announced the one-time payment of record taxes, a flood of domestic investment and five-figure increases in hiring, will Microsoft, Cisco, Google and Oracle do the same?

According to Standard & Poors, Microsoft has $132.1 billion in overseas holdings; Cisco, $69.1 billion, Google, $60.5 billion and Oracle, $58.5 billion.

Messrs Satya Nadella (MSFT), Chuck Robbins (CSCO), Larry Page (GOOG) and Mark Hurd (ORCL), it is time for each of your companies to follow Tim Cook’s lead and to give back to America.

Great Time To Be A College Graduate

As a tenure-track assistant professor of public relations, integrated marketing communications, corporate communications and investor relations, the author of Almost DailyBrett could not be more excited for my graduating students.

Please do not dismiss my excitement as Greenspanesque “Irrational Exuberance.” There is little doubt that our 26,000-point Dow is in need of a healthy correction, maybe 10 percent or more.

Nonetheless, when was the last time that our GDP (gross domestic product) was growing at a 3 percent annualized rate?

Our unemployment rate stands at 4.1 percent, very close to full employment.

Wages and salaries are rising, reflecting a labor shortage for skilled employees.

Our inflation rate (e.g., Consumer Price Index) was 2.1 percent in December.

The Federal Reserve’s Fed Funds rate is 1.25 percent.

Hmm … bull market, expanding global economy, low unemployment, labor shortage, low inflation, miniscule interest rates … sounds like a Goldilocks Economy. What’s not to like?

To top it off, we now have tax reform and regulatory relief.

Certainly, all of these factors will not last forever. They can’t and they won’t.

Having said all of the above, this is a great time to start or revive a career. Your author could not be more stoked for his students.

And he has more than once cautioned his students against taking the first offer. Don’t be arrogant. At the same time, don’t be afraid to be confident and maybe a tad bold.

Tim Cook and Apple have the wind in their sails. And to prove it, they are paying record taxes, investing in America and hiring Americans.

We have at least 200 billion repatriated reasons to rejoice.

https://www.wsj.com/articles/apple-to-pay-38-billion-in-repatriation-tax-plans-new-u-s-campus-1516215419

 

 

 

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