Online Broadband Guide
Online Broadband Guide


Trump says he's willing to consider raising gas tax

Association of Equipment Manufacturers (AEM) President Dennis Slater says Trump deserves credit for having the political courage to publicly acknowledge what so many other elected officials will not: That it's time to raise the gas tax. The President's claim that the plan will spur the economy is doubtful and will likely do more harm than good in the long run.

Even if the Trump tax plan advances in the House, it still faces some powerful opposition in the Senate. "Our country deserves to know about the business dealings of our president", she said. While this reform will allow higher-income earners to pay much less tax than before, lower-income earners would actually see their taxes increase.

President Trump has compared the state of USA infrastructure to that of the third world and said his infrastructure plan is almost completed which envisages a $1 trillion spend over 10 years. A 56 percent majority describes the federal tax system as either "not too fair" or "not fair at all".

"I do think that tax cuts - properly implemented and designed - will spur more economic activity and hence more revenue, but there's a limit to that equation, and hence, that the tax reductions in and of themselves can pay for themselves", Faso said in the radio interview Thursday.

The yield on USA 30-year bond, which moves inversely to price, rose to a three-week high, while that of 10-year notes touched session peaks after Mnuchin's comments. This can not get passed by Congress. The- the giant ball- difference between the tax cuts and what you need to make up for them, you can do that with deductions? "With his one-page tax proposal that gives massive tax cuts for millionaires and billionaires, I am afraid President Trump is breaking his promise and is engaging in a classic Washington game of bait-and-switch".

Democrats and some Republicans have said relying on the private sector won't work in rural states because public-works investments require a revenue stream, such as tolls or regular tax payments, that aren't feasible in low-population areas. But in a decade this would cost about $174.2 billion according to Tax Policy Center, a nonpartisan body.

But the administration introduced a tax plan last week that did not set aside money for infrastructure, as some had hoped, while the bill to repeal and replace ObamaCare has not been linked to the issue either.

Making up for such big losses means more cuts to federal programs. Americans' spending has become limited to necessities that a family needs. This would benefit many middle-income taxpayers and simplify the code by encouraging more people not to take itemized deductions. But Trump has also suggested that he could back a plan that received only federal support.

Proposing tax cuts is the surest way to turn the liberal news media into deficit hawks. It's a short-term solution to a long-term problem.

follow

editors' picks

May 02, 2017
China 'putting pressure' on North Korea
The programme's repeated failures over the past few years have given rise to suspicions of U.S. sabotage. North Korean officials boycotted the meeting, which was chaired by US Secretary of State Rex Tillerson.

May 02, 2017
Fiancé of Australian woman arrested in Colombia speaks out
Her family said she was in El Buen Pastor women's prison, having been denied bail, and faced up to 25 years in jail if convicted. The storyline is one travellers are warned against every year: trusting strangers who only want to use you as a drug mule.

May 02, 2017
Sultan Azlan Shah Cup hockey: India aim for improved show against Australia
India's lead was short-lived as the determined British made the most of their 52nd minute attack even in a crowded circle. He picked up the ball with precision and sent it high up giving no chance for the New Zealand keeper to save it.

April 30, 2017
Bayern Munich clinch fifth straight Bundesliga crown with win at Wolfsburg
Eintracht beat Gladbach in a penalty shoot-out in Tuesday's semi to book their place in the final on May 27 against Dortmund . Nico Schulz did just that, combining with Lars Stindl twice for a goal and an assist in Gladbach's 2-1 win in Mainz.

April 30, 2017
Disney, Lucasfilm announce May 2019 release
And just when you finally got "Let It Go" out of your head, Disney has given an official release date for Frozen 2 . The upcoming movie has been pushed back from November 2018 to November 25, 2020 - a full two-year delay.

April 29, 2017
Village on the moon - China in talks with European Space Agency
NASA is working on a greenhouse system that can potentially allow astronauts to grow plants and vegetables during space missions. The Prototype Lunar/Mars Greenhouse project is specifically created to grow vegetables and feed astronauts on Mars.

April 28, 2017
Queen Elizabeth II Turns 91 with Day at the Horse Races
Well past year on her non official holiday she had a stroll with her husband, Prince Philip, around Windsor Castle. She became monarch on February 6, 1952, and is today the world's longest reigning living monarch.

April 28, 2017
Democrat dismisses North Korea briefing as a 'photo op'
Chinese President Xi Jinping, who spoke to Trump on Monday, is urging restraint from both Pyongyang and Washington. North Korea's official media said early Wednesday that leader Kim Jong Un personally observed the exercises.

April 28, 2017
Apple Inc. (AAPL) Could Kill Venmo With Money Transfer Service "Apple Cash"
According to the report, the company has been in talks with Visa to create a card that would be tied to the payments system. Regardless of the debate, it appears that Apple serious about launching a Venmo competitor sometime in the next few years.

April 27, 2017
Russian relations 'may be at an all-time low'
Secretary of state Rex Tillerson held a tense, four hour meeting with his Russian counterpart, Sergey Lavrov. Russian Federation said the U.S., United Kingdom and France, who backed the resolution, rushed to judgment.