Launch On Warning

Obamacare is sticking around. It looks like today is Tax Cut Wednesday, with Trump's big speech set for 3 PM in Indianapolis.

Eventually I want to get around to bashing the notion of job creation by way of a corporate repatriation tax holiday. History and common sense say there is little connection between the two for modern corporations. Money is fungible, and we aren't talking about drug cartels that smuggle $20s and $100s from A to B and pay cash for everything. Apple and Microsoft are entirely capable of borrowing in the US to fund any sensible, profitable expansion plans here even if their "cash" is stuck in an overseas bank. Conversely, if expanding and hiring here does not current make sense it won't start making sense just because they can bring their "cash" home somewhat more cheaply.

That said, a lower overall corporate tax rate could definitely tip the balance on some investments that appear roughly breakeven in the current tax regime.

Comments

[JimNorCal]

http://www.theadvocate.com/baton_rouge/news/article_6b714690-a397-11e7-953b-0b40e1fb1d0b.html

Other measures of NFL damage.
"Of the NFL's 32 teams, 28 saw a marked decrease in fan following on their team Facebook pages. The drop came after increased, leaguewide demonstrations during the national anthem in Week 3 prompted by several rebukes from President Donald Trump." ... "The three teams that did not take the field — the Pittsburgh Steelers, Seattle Seahawks and Tennessee Titans — saw some of the most precipitous drops."

[Clarice Feldman]

About the highway fund--hasn't the govt been stealing from it for years instead of putting it to its intended use?
Re buying insurance across state lines--I expect to see a lot of Obamacare regs dumped, too, and the insurers deprived of the illegal subsidies Obama paid them. Lie down with dogs...

[Miss Marple the Deplorable]

I do not trust Geraldo on this hurricane thing. He just called it Puerto Rico's Katrina.

He is lying about the port being busy, as I have seen video from DoD and FEMA.

[JimNorCal]

Analysis of cost for illegals.
http://www.washingtonexaminer.com/record-135-billion-a-year-for-illegal-immigration-average-8075-each-25000-in-ny/article/2635757

[Miss Marple the Deplorable]

Clarice,

Thomas Wictor points out that there is precedent for using EO's and points out that the New Deal, the Emancipation Proclamation, the internment of the Japanese, the integration of the Armed Forces and other major acts were implemented by Executive Order.

I think we will see a LOT of EO's. Something has to be done for the people who are stuck in that disastrous plan.

[Clarice Feldman]

A must read IMO:https://amgreatness.com/2017/09/25/a-lying-quartet/?utm_term=TheDeplorables

[GUS]

So Lispy Graham tells me the Highway Trust fund is in trouble. Lil Lispy seems to want MOAR taxes.
EXPLETIVE ALERT WHAT THE FUCK DOES THAT HAVE TO DO WITH *CARBON*?

[maryrose]

Clarice:
I read that article first thing this morning.
It lays out the case against Rice, Comey, Brennan and Clapper.
Liars one and all on a consistent basis.

[Porchlight]

New thread.