Speaker Paul D. Ryan, for example, said in a recent speech that “fixing the business side of our tax code is really all about helping families and workers,” adding that “cutting the corporate tax rate means more jobs here in the United States. It will foster increased competition, which will directly drive up wages for our workers.”
Yet few American companies have offered specific plans that support those promises. While many chief executives broadly praise Republicans’ efforts to cut taxes, few have detailed how they would deploy the savings from a corporate tax cut or put more money back in workers’ pockets.
The lack of pledges to create jobs has not been lost on President Trump’s top economic adviser, Gary D. Cohn, who seemed perplexed last week about the lack of corporate enthusiasm for a tax cut.
Mr. Cohn asked his audience of chief executives how many of them would invest more if the tax cut were passed. When only a few attendees raised their hands, Mr. Cohn asked: “Why aren’t the other hands up?”
.. Communications Workers of America asked several companies that employ its members to promise to give workers a pay increase if the cut in the corporate tax rate goes through.
On Afghanistan, There’s No Way Out
When it comes to Afghanistan, we’ve tried everything. The lesson is: Nothing works.
.. We’ve tried “light footprint.”
.. We’ve tried big footprint.
.. We’ve tried nation building.
.. the United States had spent $104 billion on Afghan relief and reconstruction funds, most of it for security but also nearly $30 billion for “governance and development” and $7.5 billion on counternarcotics.
.. Result: As of 2015, more than three in five Afghans remained illiterate. Afghan security forces lost 4,000 members a month
.. The country ranks 169th out of 176 countries on Transparency International’s Corruption Perceptions Index, ahead of only Somalia, South Sudan, North Korea, Syria, Yemen, Sudan and Libya. Opium
.. We’ve tried killing terrorists. Lots and lots of them. As many as 42,000 Taliban and other insurgents have been killed and another 19,000 wounded
.. Result: The Taliban’s numbers in 2005 were estimated at anywhere between 2,000 and 10,000 fighters. Within a decade, those numbers had grown to an estimated 60,000 fighters.
.. We’ve tried carrots and sticks with Pakistan. In 2011, Washington gave $3.5 billion in aid to Islamabad.
.. American leverage with Pakistan has declined as Chinese investment in the country has surged, reaching $62 billion this year.
.. The group’s insistence that all foreign troops withdraw before it enters talks gives away its game, which isn’t to share power with the elected government, but to seize power from it... What about two supposedly “untried” options: another surge, exceeding what Obama did in troop numbers but not limited by deadlines or restrictive rules of engagement; or, alternatively, a complete withdrawal of our troops?But that’s been tried, too. Soviet forces in Afghanistan in the 1980s practiced a “bomb-the-stuff-out-of-them” approach to warfare, likely including the use of chemical weapons.
.. Between 1990 and 2000, tens of thousands of Afghans — as many as a million people, according to one estimate — died in three waves of civil war.
.. President Trump may think he’s trying something new with his Afghan policy. He isn’t. Obama killed a lot of terrorists. George W. Bush pursued what amounted to a “conditions-based” approach, without target dates for withdrawal. Both were often stern with Pakistan. Both conducted intensive policy reviews.
.. Even if we could kill every insurgent tomorrow, they would return, as long as they can draw on the religious fanaticism of the madrasas, the ethnic ambitions of the Pashtun, and the profits of the heroin trade.
Grassley wants review of Chinese company’s marketing of deal with Jared Kushner’s family
The head of the Senate Judiciary Committee is calling for a review of “potentially fraudulent statements and misrepresentations” made by a Chinese company in promoting property investments that are partly managed by the company of senior White House adviser Jared Kushner’s family.
.. “As I’m sure you are aware, recent press reports indicate that Qiaowai has touted its relationship with the current administration as a guarantee that potential EB-5 investors will receive lawful permanent residence in return for a no-risk investment in One Journal Square,” Grassley wrote in his letter.
.. the company advertised that the project “in a real sense guarantees a permanent green card and the safety of the investment principal, and we consider it one of the best of Qiaowai’s 87 projects to date!”
Canadian Investment Regulations Require Disclosing Fees
Because they’re so frugal, Heather and Harry were vexed to see how much they are paying in investment fees. The numbers appeared in the new, more detailed statement investment firms are required to send clients under regulatory guidelines known as the Client Relationship Model 2, or CRM2.
.. it is understandable that they have a concern about the $7,000 they pay in fees each year on their mutual fund investments