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GOP Tax Cut Exploding the Deficit

July 26, 2018 at 5:13 am EDT By Taegan Goddard Leave a Comment

“The amount of corporate taxes collected by the federal government has plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted,” the New York Times reports.

“The reason is President Trump’s tax cuts. The law introduced a standard corporate rate of 21 percent, down from a high of 35 percent, and allowed companies to immediately deduct many new investments. As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less than it would have before the overhaul.”

Judge Lets Emoluments Lawsuit Move Ahead

July 26, 2018 at 5:00 am EDT By Taegan Goddard Leave a Comment

“A lawsuit arguing President Trump is violating the Constitution by benefiting from business with foreign governments can proceed, a judge for the U.S. District Court in Maryland ruled Wednesday,” Politico reports.

“The president’s lawyers had sought to dismiss the case, but the motion was denied.”

Republicans Launch Effort to Impeach Rosenstein

July 25, 2018 at 10:19 pm EDT By Taegan Goddard Leave a Comment

“A group of Republican lawmakers on Wednesday introduced articles of impeachment to remove Deputy U.S. Attorney General Rod Rosenstein, escalating a fight over Special Counsel Robert Mueller’s investigation of alleged Russian meddling in the 2016 U.S. presidential election,” Reuters reports.

”Representatives Jim Jordan and Mark Meadows, who belong to the conservative House Freedom Caucus, joined nine other House members in accusing Rosenstein of hiding investigative information from Congress, failure to comply with congressional subpoenas and other alleged misconduct.”


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U.S. and Europe Outline Trade Deal

July 25, 2018 at 10:13 pm EDT By Taegan Goddard Leave a Comment

“The United States and the European Union stepped back from the brink of a trade war on Wednesday, after President Trump said the Europeans agreed to work toward lower tariffs and other trade barriers, and to buy billions of dollars of American soybeans and natural gas,” the New York Times reports.

“The surprise announcement, made by Mr. Trump and the president of the European Commission, Jean-Claude Juncker, defused, for the moment, a trade battle that began with Mr. Trump’s tariffs on steel and aluminum exports and threatened to escalate to automobiles.”

Washington Post: “White House officials viewed the meeting as a major breakthrough and an acknowledgment that Trump’s hardball tactics were paying dividends.”

Trump Delays Second Meeting with Putin

July 25, 2018 at 9:57 pm EDT By Taegan Goddard Leave a Comment

National Security Adviser John Boston said that President Trump has decided that he will not meet with Russian President Vladimir Putin again until special counsel Robert Mueller concludes his investigation, CNN reports.

Said Bolton: “The President believes that the next bilateral meeting with President Putin should take place after the Russia witch hunt is over, so we’ve agreed that it will be after the first of the year.”

White House Bars CNN Reporter from Event

July 25, 2018 at 9:44 pm EDT By Taegan Goddard Leave a Comment

“A CNN reporter said she was blocked from an open media event at the White House on Wednesday after officials objected to questions she asked President Trump at an event earlier in the day,” the Washington Post reports.

“Reporter Kaitlan Collins said press secretary Sarah Huckabee Sanders and communications director Bill Shine told her she was banned from a late-afternoon announcement in the Rose Garden involving Trump and European Union president Jean-Claude Juncker a few hours after she sought to question Trump during a press-pool “spray” in the Oval Office.”

Inside Michael Cohen’s Break with Trump

July 25, 2018 at 9:41 pm EDT By Taegan Goddard Leave a Comment

Washington Post: “By releasing audio of his covertly recorded conversation with Trump about purchasing the rights to a Playboy centerfold’s story of an extramarital affair, Cohen made a decisive break from his longtime client. The move punctuates the steady deterioration of a relationship between Cohen and Trump, and raises concerns in the White House that the former could spill secrets about the latter to the FBI.”

“In the nearly four months since FBI agents raided his office, home and hotel room, Cohen has felt wounded and abandoned by Trump, waiting for calls or even a signal of support that never came. Cohen got frustrated when Trump started talking about him in the past tense, panicked last month when he thought the president no longer cared about his plight, and became furious when Trump lawyer Rudolph W. Giuliani contradicted some of his accounts.”

Trump Sags In Midwest

July 25, 2018 at 7:04 pm EDT By Taegan Goddard Leave a Comment

“In three politically important Midwest states — including two that were key in deciding the 2016 election — President Donald Trump’s job approval rating is below 40 percent, and Democrats hold a sizable lead for the upcoming congressional midterms,” according to a trio of new NBC News/Marist polls.

“In Michigan, which Trump won by nearly 11,000 votes, 36% of registered voters approve of the president’s job, while 54% disapprove.”

“In Wisconsin, which he won by about 23,000 votes, another 36% give Trump a thumbs up, with 52% giving him a thumbs down.”

“And in Minnesota, which Trump narrowly lost by 1.5 percentage points, his rating stands at 38% approve, 51% disapprove.”

Don’t Forget What Else Mueller Is Looking At

July 25, 2018 at 2:07 pm EDT By Taegan Goddard Leave a Comment

Garrett Graff: “While we’ve mostly talked about Mueller’s probe as focusing on Russia, there are clearly some adjacent questions about other foreign influence in Washington involving Republican donor Elliott Broidy, among others. A key Middle East go-between, Lebanese-American businessman George Nader, is both cooperating with Mueller’s investigation and has testified before his grand jury—indicating a line of inquiry that hasn’t resulted in any public charges but is somehow central to Mueller’s underlying investigation.”

“Unlike the probe into Trump lawyer Michael Cohen, Mueller hasn’t handed this thread of the investigation off to another office, which appears to indicate that, in ways not yet clear to the general public, the UAE and Qatari questions are related to the underlying Russia probe.”

No, Democrats Are Not In Disarray

July 25, 2018 at 12:55 pm EDT By Taegan Goddard Leave a Comment

Walter Shapiro: “It’s hard to identify a Senate or House seat that is being lost because of excessive Democratic activism. Even if a Democratic incumbent like North Dakota Sen. Heidi Heitkamp is troubled by calls to ax ICE, there is scant evidence that this makes her more vulnerable than before in a state that Donald Trump carried by better than a two-to-one margin.”

“For a party supposedly riven by unbridgeable chasms, the Democrats survived the primaries without major stumbles. This year, there are no Democratic challengers in winnable seats who have been forced to go on television to explain, ‘I am not a witch.’ And in California’s top-two ‘jungle primary,’ the Democrats avoided squandering any potential House pickups by making sure they got a candidate onto the ballot in all contested districts…”

“Nor are this year’s congressional races some overwrought struggle for the soul of the Democratic Party… No party is ever completely unified, not even the Republicans who are fearfully pledging their fealty to Trump. But the Democrats — for all their differences over economics and temperament — recognize the anti-Trump stakes in 2018. And so, for once in their turbulent history, they are more arrayed rather than disarrayed.”

Republicans Quietly Approve of Trump Subsidy Plan

July 25, 2018 at 12:02 pm EDT By Taegan Goddard Leave a Comment

“Republicans on Tuesday quietly exhaled after President Trump announced $12 billion in subsidies to rescue farm country, fretting that a trade war could bankrupt the agriculture industry and cost the party seats in the midterm elections,” Washington Examiner reports.

“Amid loud grumbling about federal bailouts and ‘Soviet’ central planning, Republicans in Congress conceded that action was needed to mitigate the economic and political fallout from the retaliatory tariffs sparked by Trump’s trade war. In major agriculture states, some of which are also key 2018 battlegrounds, free-trade Republicans reluctantly endorsed the president’s intervention.”

Trump Wants 25% Tariff on Autos

July 25, 2018 at 11:10 am EDT By Taegan Goddard Leave a Comment

“Several of President Trump’s senior economic advisers believe he plans to impose a 25 percent tariff on close to $200 billion in foreign-made automobiles later this year,” the Washington Post reports.

“Trump wants to move forward despite numerous warnings from GOP leaders and business executives who have argued that such a move could damage the economy and lead to political mutiny. But Trump has become increasingly defiant in his trade strategy, following his own instincts and intuition and eschewing advice from his inner circle.”

BBC Reporter Grills Spicer For Pushing Trump’s Lies

July 25, 2018 at 11:07 am EDT By Taegan Goddard Leave a Comment

“It was the start of the most corrosive culture. You played with the truth. You led us down a dangerous path. You have corrupted discourse for the entire world by going along with these lies.”

Bonus Quote of the Day

July 25, 2018 at 10:01 am EDT By Taegan Goddard Leave a Comment

“It’s hard to believe there isn’t an outright revolt right now in Congress.”

— Sen. Bob Corker (R-TN), quoted by Bloomberg, complaining about President Trump’s trade policies.

White House Strategizes Over Kavanaugh Documents

July 25, 2018 at 9:05 am EDT By Taegan Goddard Leave a Comment

“White House counsel Donald McGahn met privately with key Senate Republicans on Tuesday to discuss how many of Supreme Court nominee Brett Kavanaugh’s documents should be publicly released — a major point of contention in the confirmation process,” the Washington Post reports.

“Democratic senators are demanding that Kavanaugh hand over any document he touched during his time at the George W. Bush White House, where he served in the counsel’s office and as staff secretary. That document production could top 1 million pages, and Republicans have deemed the Democrats’ demand a fishing expedition that will not be particularly revelatory.”

Trump’s Star on Hollywood Walk of Fame Destroyed

July 25, 2018 at 9:03 am EDT By Taegan Goddard Leave a Comment

President Trump’s star on the Hollywood Walk of Fame has been destroyed — once again — after being smashed with a pickaxe last night, KUTV reports.

‘To Not Do Anything Is a Tragedy’

July 25, 2018 at 8:32 am EDT By Taegan Goddard Leave a Comment

Lucy McBath (D), whose teenage son, Jordan, was shot and killed in 2012 by a stranger at a gas station, won the Democratic nomination for Georgia’s 6th congressional district, ABC News reports.

Said McBath: “I never expected this to happen, but I know that in light of all my experiences, to not to do anything is a tragedy in itself.”

Trump Fears Biden Most In 2020

July 25, 2018 at 8:02 am EDT By Taegan Goddard Leave a Comment

“Advisers to President Trump say Joe Biden is the Democrat he most fears running against, and that Pennsylvania is the state he worries most about flipping against him,” Axios reports.

“Trump’s calculation is based partly on how weak he sees other Democratic possibilities, including Bernie Sanders or Elizabeth Warren, and partly on who’s capable of appealing to his base of working class whites.”

“Trump advisers say says Biden, like the president, conveys authenticity, is comfortable in his own skin, can work a crowd, and relishes throwing and returning punches. Biden could — and would — needle Trump, and get under his skin, with a brio that few other big-name Democrats could muster.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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