The biggest debate in Washington as the year closes is how long — or if — to extend tax cuts passed during the Bush Administration.
It appears that Democrats will concede to Republicans and extend the tax cuts for another few years, in exchange for an extension of unemployment benefits, which are set to expire.
But one former Republican leader has his own idea: let senior business leaders decide.
“What Republicans ought to do is say to people who create jobs, how many years does the tax code need to be extended for you to make an investment decision?” former Speaker of the House Newt Gingrich told Fox News’ Chris Wallace on Sunday. “I mean, the goal’s not to have an annual extension of the current tax code, and then have every business in the country trapped saying, ‘I don’t know. I want to make a 20 year investment in a factory.'”
“Let’s say the compromise were two years, or three years, would you sign on to that?” asked Wallace.
“There is a number, but I would have the business leadership of the country describe the number,” Gingrich replied.
“And would you agree to extend the unemployment benefits as part of that deal?” Wallace queries.
“I would agree to a short-term extension of unemployment,” Gingrich responded. He then proposed, “we change the entire [unemployment benefits] program into a worker training program and not give anybody money for doing nothing.”
Video of Gingrich’s remarks was first captured by ThinkProgress.
The a liberal blog lambasted the idea.
“Gingrich’s proposal, to cut off unemployment benefits while giving a massive windfall to the most fortunate, is a recipe for skyrocketing unemployment,” the blog’s Ian Millhiser writes. “The economy grows by nearly two dollars for every dollar spent on unemployment benefits ‘because recipients typically spend all of their benefit payments quickly’ The money ‘ripples through the economy into supermarkets, gasoline stations, utilities, convenience stores.’ Flush with the revenue provided by these new consumers, those businesses are then able to hire additional workers and diminish the ranks of the unemployed.”
“Tax cuts for the rich, on the other hand, are only marginally more useful than simply burning the money,” Millhiser continues. “Indeed, corporate America is presently sitting on a massive $1.6 trillion in cash reserves, but their actions in recent months demonstrate that business leaders would rather let this money grow mold than actually spend it to put Americans back to work. Gingrich offers no explanation for why simply giving the rich even more money to hoard will magically cause them to spend it on hiring people.”
Internet mocks Trump for stealing Star Trek Starfleet logo for his Space Force
President Donald Trump announced the logo for his new Space Force, and folks online indicated it looked surprisingly similar to the Star Trek logos for the command ships.
As a new show begins about the life of retired Admiral Jean-Luc Picard, Trekkies worldwide have connected to celebrate the on-going stories of the various command ships in the Starfleet.
Perhaps that is the reason folks took to the internet to mock the president for his team having no other creative ideas for their own logos.
However, as one former Air Force Lieutenant pointed out, the logo is similar to the one he wore back in 2005. He noted that it wasn't so much that Trump stole the logo, rather the Air Force stole it decades ago.
Prosecutors didn’t believe Lev Parnas claim he wasn’t operating on behalf of Ukraine: CNN
Buried in a piece about the recent revelations that President Donald Trump was recorded demanding someone "take out" former Ukraine Ambassador Yovanovitch, CNN revealed prosecutors don't believe Rudy Giuliani associate Lev Parnas.
"In November, federal prosecutors questioned [Joseph] Bondy about whether his client had been operating on behalf of Ukrainians at the dinner with Trump when Parnas said the ambassador was bad-mouthing the President, according to people familiar with the matter," reported CNN. "On behalf of his client, Bondy rebutted that suggestion, but prosecutors told him they didn't believe Parnas. Bondy declined to comment on any conversations with prosecutors."
Come ‘say this to my face,’ says Ayanna Pressley after Betsy DeVos compares being pro-choice to being pro-slavery
Democratic congresswoman and chair of the House Abortion Access Task Force said she "would welcome the opportunity to educate" the Education Secretary on reproductive rights. And maybe U.S. history of chattel slavery?
Rep. Ayanna Pressley, chair of the House Abortion Access Task Force, offered Thursday to give Education Secretary Betsy DeVos a face-to-face lesson on reproductive rights and U.S. history after the billionaire cabinet official likened the arguments of pro-choice advocates to those of slavery supporters during the Civil War Era—a comparison one critic denounced as "utterly deranged."