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Redistributing Income from the Poor to the Rich

December 18, 2017 at 11:05 am EST By Taegan Goddard Leave a Comment

Washington Post: “Back in 1980, the bottom 50% of wage-earners in the United States earned about 21% of all income in the country — nearly twice as much as the share of income (11%) earned by the top 1 percent of Americans.”

“But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50% take in only 13% of the income pie, while the top 1% grab over 20% of the country’s income.”

“Since 1980, in other words, the U.S. economy has transferred eight points of national income from the bottom 50% to the top 1%.”

It Looks Like Obamacare Will Survive

December 18, 2017 at 10:13 am EST By Taegan Goddard Leave a Comment

Dylan Scott: “Health care lobbyists are flatly dismissing the idea that Congress could actually revisit Obamacare repeal next year. Sens. Susan Collins (R-ME) and Lisa Murkowski (R-AK) remain opposed to taking up repeal efforts. The party’s long-sought talking point of repealing Obamacare root and branch is probably actually, finally dead.”

“Repealing the individual mandate is a legitimate blow to the Obamacare marketplaces, but doing so won’t unravel the markets entirely. They will function worse than they did before, and premiums will rise. But millions of people who receive generous tax subsidies to buy coverage will not feel the brunt of those cost increases. The law’s rules prohibiting health insurers from discriminating against preexisting conditions remain on the books. Finally, and most importantly, Obamacare’s Medicaid expansion, which covered upward of 15 million people, remains untouched.”

House GOP Prepares to Wrap Up Russia Investigation

December 18, 2017 at 10:08 am EST By Taegan Goddard Leave a Comment

“Senior Republicans on the House Intelligence Committee tell NBC News that they hope and expect to draw their year-long investigation to an end in the coming weeks, saying they have largely completed all interviews relevant to the narrow scope of inquiry Democrats had agreed to last spring.”

“Rep. Trey Gowdy (R-SC), one of the GOP leaders of the committee’s Russia probe, said that it is in the public’s interest to finish as quickly as possible so that they can issue a final report.”


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Bonus Quote of the Day

December 18, 2017 at 10:03 am EST By Taegan Goddard Leave a Comment

“The word is John will come back if we need his vote. He’s going through a very tough time, there’s no question about it. But he will come back if we need his vote.”

— President Trump, quoted by the Washington Post, on Sen. John McCain (R-AZ) returning to Arizona ahead of the tax bill vote.

Collins Still Reviewing Tax Bill

December 18, 2017 at 9:48 am EST By Taegan Goddard Leave a Comment

Sen. Susan Collins (R-ME) is still reviewing the tax bill, her spokeswoman said, suggesting she hasn’t yet reached a decision on how to vote, the Wall Street Journal reports.

“She has come under pressure from some groups in Maine to vote against the tax bill, in part because it repeals a mandate that most Americans buy health insurance or pay a penalty, a key pillar of the Affordable Care Act.”

James Hohmann: “The health insurance market is almost certain to implode next year, and rates are likely to skyrocket for many, because of the repeal of the individual mandate. By getting rid of the linchpin of the Affordable Care Act in this bill, Republicans are giving up any standing they had to blame Barack Obama for the health-care mess. The Congressional Budget Office estimates that this change alone will lead to 13 million more uninsured Americans a decade from now.”

Federal Judge Announces Immediate Retirement

December 18, 2017 at 9:26 am EST By Taegan Goddard Leave a Comment

Alex Kozinski, a judge on the U.S. Court of Appeals for the 9th Circuit who is known for his colorful written opinions, announced his retirement after being accused “by 15 women of subjecting them to inappropriate behavior, including having clerks watch porn in his chambers,” the Washington Post reports.

Will the 2018 Midterms Be Decided This Week?

December 18, 2017 at 8:39 am EST By Taegan Goddard Leave a Comment

This piece is only available to Political Wire members.

After some last-minute horse trading, Congress is poised to send tax cut legislation to President Trump’s desk as soon as Wednesday.

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Palin’s Son Arrested for Burglary and Assault

December 18, 2017 at 8:03 am EST By Taegan Goddard Leave a Comment

“Track Palin, the eldest son of former Alaska governor Sarah Palin (R), was in jail on Sunday facing assault and burglary charges,” the Alaska Dispatch News reports.

“Track Palin appeared in state court in Palmer earlier in the day on a felony burglary charge and misdemeanor assault and criminal mischief charges, court records showed. The records indicated all the charges involved domestic violence.”

“His legal troubles have prompted his mother in the past to question the support available for military veterans like him who may be suffering from post-traumatic stress.”

Trump Complains About Justice Department Leadership

December 18, 2017 at 7:59 am EST By Taegan Goddard Leave a Comment

Washington Post: “Advisers who have spoken recently with Trump about the Russia investigation said the president was sharply critical of Attorney General Jeff Sessions, as well as Deputy Attorney General Rod Rosenstein, who oversees the Mueller operation — but did not broach the idea of firing Mueller…  Rather, Trump appeared to be contemplating changes in the Justice Department’s leadership. In recent discussions, two advisers said, Trump has called the attorney general ‘weak,’ and complained that Rosenstein has shown insufficient accountability on the special counsel’s work.”

“A senior official said Trump mocked Rosenstein’s recent testimony on Capitol Hill, saying he looked weak and unable to answer questions. Trump has ranted about Rosenstein as ‘a Democrat,’ one of these advisers said, and characterized him as a threat to his presidency. In fact, Rosenstein is a Republican.”

Trump and Corker Got Last Minute Perk In Tax Bill

December 18, 2017 at 7:54 am EST By Taegan Goddard Leave a Comment

Bloomberg: “Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process — one that would provide a multimillion-dollar windfall to real estate investors such as President Trump. The change, which would allow real estate businesses to take advantage of a new tax break that’s planned for partnerships, limited liability companies and other so-called ‘pass-through’ businesses, combined elements of House and Senate legislation in a new way.”

“Its beneficiaries are clear, tax experts say, and they include a president who’s said that the tax legislation wouldn’t help him financially…. The revision might also bring tax benefits to several members of Congress, according to financial disclosures they’ve filed that reflect ownership of pass-through firms with real estate holdings. One such lawmaker, Republican Sen. Bob Corker of Tennessee, who’d voted against an earlier version of the legislation, said on Friday that he would support the revised legislation.”

The Tennessean reports Corker asked Senate Finance Committe Chairman Orrin Hatch (R-UT) to explain how the provision “ended up in the final version of the tax reform package that Congress is expected to approve this week.”

DACA Replacement Unlikely By Year End

December 18, 2017 at 7:52 am EST By Taegan Goddard Leave a Comment

“While Rep. Henry Cuellar (D-TX) says it would take a miracle to get a deal done before lawmakers leave for the holidays later this week, immigration advocates are holding out hope that an agreement can be reached in the Senate by tying the fix to the must-pass budget bill, which could force action in the House,” the Houston Chronicle reports.

Quote of the Day

December 18, 2017 at 7:47 am EST By Taegan Goddard Leave a Comment

“Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted ‘I’ would win. Republicans will do well in 2018, very well!”

— President Trump, on Twitter.

Rebelling GOP Suburbs Offer Democrats Path to Control

December 18, 2017 at 7:42 am EST By Taegan Goddard Leave a Comment

New York Times: “The mounting backlash to President Trump that is threatening his party’s control of Congress is no longer confined just to swing districts on either coast. Officials in both parties believe that Republican control of the House is now in grave jeopardy because a group of districts that are historically Republican or had been trending that way before the 2016 election are slipping away.”

“Much attention has been paid to the handful of seats in New York, New Jersey and California that are represented by Republicans but voted for Hillary Clinton last year. But even with district lines drawn to favor Republicans in many states, the swelling antipathy toward Mr. Trump threatens to breach the party’s defenses and stretch the congressional battlefield beyond the dimensions Republicans and Democrats anticipated a year ago.”

Conflicting Strategies to Avoid a Shutdown

December 18, 2017 at 7:32 am EST By Taegan Goddard Leave a Comment

“Republican leaders in both houses of Congress face a sticky situation this week as they try to avert a government shutdown: Each side has promised its members things that will not fly in the other chamber,” Politico reports.

“Senate Majority Leader Mitch McConnell (R-KY) told moderate Sen. Susan Collins (R-ME) he’d support passage of legislation by the end of the year to prop up Obamacare insurance markets — so long as she votes for tax reform. That addition, however, puts Speaker Paul Ryan (R-WI) in a pickle: His members are loath to be seen as bailing out a health care law they hate.”

“Ryan, meanwhile, green-lighted a short-term spending strategy that funds the Pentagon but does nothing for Democratic priorities — and suggested House members could leave town to try to ‘jam the Senate’ into accepting their bill. But McConnell needs eight Democrats to pass anything, so the House plan is sure to fail in his chamber.”

Franken Urged to Reconsider Resignation

December 18, 2017 at 7:12 am EST By Taegan Goddard Leave a Comment

“At least four senators are urging Al Franken to reconsider resigning, including two who issued statements calling for the resignation two weeks ago and said they now feel remorse over what they feel was a rush to judgment,” Politico reports.

“Franken’s unusual timeline — in his departure announcement he said he’d go ‘in the coming weeks,’ without setting a date — has fed the fleeting hopes that there’s still time to reverse course… People familiar with Franken’s plans said he has not changed his mind and intends to formally resign in early January.”

Conservative Attacks Sap IRS Oversight of Charities

December 18, 2017 at 7:11 am EST By Taegan Goddard Leave a Comment

“Years of conservative attacks on the Internal Revenue Service have greatly diminished the ability of agency regulators to oversee political activity by charities and other nonprofits,” the Washington Post reports.

“The fall in oversight, a byproduct of repeated cuts to the IRS budget, comes at a time when the number of charities is reaching a historic high and they are becoming more partisan and financially complex. It represents a success for conservatives who have long sought to scale back the IRS and shrink the federal government.”

Trump Says He Won’t Fire Mueller

December 18, 2017 at 7:10 am EST By Taegan Goddard Leave a Comment

President Trump “sought to douse speculation that he may fire special counsel Robert Mueller amid an intensifying campaign by Trump allies to attack the wide-ranging Russia investigation as improper and politically motivated,” the Washington Post reports.

“Returning to the White House from Camp David, Trump was asked Sunday whether he intended to fire Mueller. ‘No, I’m not,’ he told journalists, insisting that there was ‘no collusion whatsoever’ between his campaign and Russia.”

Mike Allen: “The Trump lawyers’ strategy is to cooperate with Mueller on the inside game. The outside chorus tries to rough up Mueller, in case his findings are trouble for POTUS.”

McCain Will Miss Tax Vote

December 17, 2017 at 4:54 pm EST By Taegan Goddard Leave a Comment

Sen. John McCain (R-AZ) is returning to Arizona after spending several days in a Maryland hospital recovering from side effects from chemotherapy treatment for brain cancer, CBS News reports.

”McCain left Washington Sunday and is heading back to his home state to spend the holidays with his family. He will not be on hand for the final vote on the GOP tax passage expected for early this week. It is unclear when McCain might return to Washington.“

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Word of the Day

Freedom Riders: Freedom riders were northerners who took interstate buses down to the south in order to protest Jim Crow and segregation policies.

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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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