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German Economists Admit That Tax Overhaul Is A Huge In For The U.S. Economy

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(Via NewsWars)

German economists have admitted that the Republican tax overhaul is a huge win for the U.S. economy, having the potential to siphon investment and jobs from Europe.

Christoph Spengel, chairman of the corporate tax department at the University of Mannheim, explained in a recent press release that the move to cut the corporate tax rates in the U.S. is a game changer.

“This tax reform in the US isn’t just going to stoke tax competition between the United States and Europe; competition between EU Member States for US investment is also going to intensify and Germany is going to lose out,” said Spengel, who is also a research associate at the Center for European Economic Research (ZEW).

ZEW and a group of tax experts released a study in mid-December detailing how the massive tax cut would substantially benefit the United States in international tax competition as rates are now closer to the European average (20.9%).

“The tax competition will have a new dimension,” Spengel says.

The idea that Germany would lose out to the new incentives provided by the recently passed tax bill is also shared by Clemens Fuest, head of the German Ifo economic think tank, who said, “Investments and jobs will migrate to the US.”

According to reporting by Handelsblatt Global, the potential capital influx from Germany to the U.S. could be as high as $42.29 billion, or 39 billion euros.

It seems as if worry is spreading across Europe over America’s new competitive position in the global economy.

Finance ministers of Europe’s five biggest economies, including France and Italy, wrote a letter to US Treasury Secretary Stephen Mnuchin in clear panic over tax cuts.

“The United States is Europe’s single most important trade and investment partner,” the finance ministers wrote. “It is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up. The inclusion of certain less conventional international tax provisions could contravene the US’s double taxation treaties and may risk having a major distortive impact on international trade.”

A similar letter was sent to Mnuchin by the European Commission’s four most senior economic officials which made many of the same points.

So, while the U.S. mainstream media and Democrats rallied against the tax plan with a laser focus on potential corporate profits, economic officials and tax experts in Europe were giving the overhaul the greatest endorsement with their panic over the America first move.

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Politics

Traitor: Mike Pence Unsurprisingly Declines to Endorse President Trump

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Former Vice President Mike Pence, once a stalwart ally of Donald Trump, has found himself at the center of controversy following his recent interview with Martha McCallum on Fox News. In a surprising turn of events, Pence declared that he would not endorse his former boss, Donald Trump, raising eyebrows and stirring speculation about his motives and allegiances.

Pence’s refusal to endorse Trump comes as a shock to many, considering his unwavering support for the former president throughout his tenure. However, the rift between the two men became apparent after Pence’s refusal to overturn the results of the 2020 presidential election, a move that Trump had vehemently advocated for in the aftermath of his defeat to Joe Biden.

One of the most damning allegations against Pence is his handling of the certification of the electoral college results. Despite pressure from Trump and his supporters to challenge the outcome, Pence upheld his constitutional duty and certified Biden’s victory. This decision, while in line with his obligations as vice president, infuriated Trump and his loyalists, who accused Pence of abandoning them in their quest to overturn the election results.

Furthermore, Pence’s reluctance to empower states to investigate allegations of voter fraud has fueled accusations of betrayal within the Trump camp. By declining to intervene in the electoral process, Pence effectively signaled his unwillingness to endorse baseless claims of widespread fraud, a stance that put him at odds with Trump and his supporters.

In another controversial twist, Pence’s symbolic gesture of accepting silver or gold coins from House Minority Leader Kevin McCarthy and subsequently fist-bumping House Speaker Nancy Pelosi has drawn criticism and raised questions about his impartiality. Some view this act as a betrayal of the Republican Party and an indication of Pence’s willingness to collaborate with political adversaries.

The implications of Pence’s actions have sparked calls for further investigation and potential prosecution if found guilty of treason. While treason is a serious charge that requires substantial evidence, some argue that Pence’s perceived betrayal of Trump and the Republican Party warrants a thorough examination of his conduct during and after his tenure as vice president.

In conclusion, Mike Pence’s recent interview on Fox News and the controversies surrounding his actions have thrust him into the spotlight and raised concerns about his loyalty and integrity. Whether or not Pence will face repercussions for his perceived betrayal remains to be seen, but his actions have undoubtedly left a lasting impact on the political landscape and ignited a debate about accountability and responsibility in public office.

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Politics

AG Paxton vs. Porn Hub: ‘Good Riddance’

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Title: Safe Haven

In the heart of Texas, amidst the fervor of legislative changes, a seismic shift rocks the digital landscape. It begins with the click of a button – the withdrawal of Pornhub’s services from the Lone Star State.

As news spreads like rapid gusts across the state, reactions are swift and varied. Some applaud the move, citing the recent law mandating stringent age verification measures for users above 18. Among the chorus of voices is Attorney General Ken Paxton, a staunch advocate for child safety and the architect behind the legislative push.

Paxton, a steadfast figure in Texas politics, doesn’t mince words. “Good riddance,” he declares, his tone resonating with unwavering resolve. For him, it isn’t merely about upholding the law; it’s about safeguarding the innocence of Texas youth.

As the dust settles, Paxton’s efforts garner widespread acclaim. He is hailed as a champion of morality, a beacon in the fight against the proliferation of adult content to minors. His unwavering commitment to protecting children from the perils of online platforms like Pornhub speaks volumes.

But beyond the surface, Paxton’s crusade delves deeper into the murky waters of internet governance. He exposes the inherent contradiction within platforms like Pornhub – professing a commitment to age verification while silently capitalizing on the unchecked access of underage users.

In the wake of Pornhub’s departure, a newfound sense of security permeates the digital realm. Parents breathe easier, knowing that their children are shielded from the explicit content that once lurked just a click away. Paxton’s unwavering stance has ushered in a new era of accountability, one where the well-being of children takes precedence over profit margins.

Yet, amidst the celebrations, a sobering reality lingers. Paxton’s battle is far from over. The war against online exploitation demands constant vigilance, a tireless pursuit of justice in an ever-evolving digital landscape.

As the sun sets over the Texas horizon, Attorney General Ken Paxton remains steadfast in his resolve. With each passing day, he continues to champion the cause of child safety, a beacon of hope in a world fraught with danger. And though the road ahead is fraught with challenges, he marches forward, unwavering in his mission to safeguard the innocence of Texas youth – one victory at a time.

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Business

MAGA: From Shopping Mall to Manufacturing Hub 2.0

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Title: America’s Transition: From Shopping Mall to Manufacturing Hub 2.0

In the past few decades, America has often been described metaphorically as a giant shopping mall or auction house, where consumption and commercialism have dominated the landscape. However, with the rise of the Trump administration and the ambition to “Make America Great Again,” a new vision is emerging—one that aims to transform the nation into the world’s greatest manufacturing hub ever seen, leveraging AI, blue-collar labor, and a combination of innovative technologies.

The shift from a consumer-driven economy to a production powerhouse signifies a strategic move towards self-sufficiency, economic resilience, and global competitiveness. This transformation is not merely about revitalizing industries of the past but embracing cutting-edge technologies and sustainable practices to redefine the future of manufacturing.

At the heart of this evolution lies the integration of artificial intelligence (AI) into manufacturing processes. AI-driven automation streamlines production, enhances efficiency, and reduces costs, enabling American manufacturers to compete on a global scale. By harnessing the power of machine learning and predictive analytics, businesses can optimize supply chains, minimize waste, and customize products to meet diverse consumer demands.

However, the vision for America’s manufacturing renaissance extends beyond technological innovation. It embraces a diverse workforce, blending the traditional blue-collar skillset with the expertise of engineers, data scientists, and software developers. This fusion of talent creates a dynamic ecosystem where creativity, problem-solving, and collaboration drive continuous improvement and sustainable growth.

Moreover, the resurgence of American manufacturing is not confined to a single sector but encompasses a broad spectrum of industries, from automotive and aerospace to electronics and renewable energy. By leveraging cross-disciplinary expertise and fostering strategic partnerships, the United States can position itself as a global leader in advanced manufacturing, setting new standards for quality, innovation, and sustainability.

One of the key strengths of this manufacturing transformation is its adaptability and resilience. In contrast to the volatility of global markets and supply chains, a robust domestic manufacturing base provides stability and security, mitigating risks associated with geopolitical tensions, trade disputes, and natural disasters. By decentralizing production and embracing local sourcing, America can reduce its dependence on foreign imports and safeguard its economic sovereignty.

Furthermore, the transition towards a manufacturing-centric economy aligns with broader societal goals, such as job creation, workforce development, and regional revitalization. By investing in vocational training programs, apprenticeships, and re-skilling initiatives, the United States can empower individuals from diverse backgrounds to thrive in the digital age and secure meaningful employment opportunities in the manufacturing sector.

As America embarks on this journey towards manufacturing excellence, it must also prioritize sustainability and environmental stewardship. By embracing eco-friendly practices, renewable energy sources, and circular economy principles, manufacturers can minimize their carbon footprint, reduce waste generation, and preserve natural resources for future generations.

In essence, the vision of America as the world’s greatest manufacturing hub represents a paradigm shift—one that transcends partisan politics and embraces a collective aspiration for progress, prosperity, and shared prosperity. By harnessing the transformative power of AI, blue-collar ingenuity, and interdisciplinary collaboration, the United States can reclaim its status as an industrial powerhouse and pioneer a new era of manufacturing innovation on the global stage.

As the nation embarks on this ambitious journey, it must remain steadfast in its commitment to inclusivity, sustainability, and technological leadership, ensuring that the benefits of the manufacturing renaissance are felt by all Americans and resonate across borders, shaping a brighter and more prosperous future for generations to come.

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