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President Donald Trump couldn't get Obamacare repeal, an infrastructure plan or a border wall, but there's one big wish-list item he's succeeded in conjuring into reality: tax cuts.The greatest policy success of his first year in office was passing a landmark tax reform, something the Republican Party hadn't been able to do despite decades of trying.Now, with only two weeks left before voters go to the polls, he's promising middle-class voters another tax cut, with a plan coming before the midterms -- though his fellow Republicans in Congress, which is in recess through the election, have said they aren't aware of any such proposal already in the works.Speaking in the Oval Office on Tuesday, Trump said a "resolution" would be introduced in Congress next week outlining a "pure 10% tax cut" on top of what middle-class Americans received last year.His comments came a day after he promised at a rally in Texas that the top Republican tax-writer in Congress, House Ways and Means chair Kevin Brady, was already at work: "It's going to be put in next week. Ten percent tax cut. Kevin Brady is working on it. We have been working on it for a few months. That is in addition to the big tax cuts you have already gotten."Brady's office, after initially referring questions to the White House, said in a statement Tuesday that a plan is in development -- and suggested that it would be passed if the GOP can maintain control over both the House and Senate. "We will continue to work with the White House and Treasury over the coming weeks to develop an additional 10% tax cut focused specifically on middle-class families and workers, to be advanced as Republicans retain the House and Senate."So far, the White House has offered no concrete details on the fresh tax proposal or how it would be paid for amid a ballooning federal deficit as a result of last year's .5 trillion tax cut and a massive spending bill. Peter Navarro, one of the President's top trade advisers, told CNN chief business correspondent Christine Romans on Tuesday the White House is considering a proposal that would be "revenue neutral," adding a tax cut for the middle-class would be a "really good thing for this country."Trump's tax comments, starting over the weekend, sent Washington into a frenzy of trying to figure out what he was talking about.Aides on Capitol Hill scrambled to figure out what he meant -- and in the House, sent them scrambling to figure out if they could, or even needed to, draft something that would address what the President was promising. In the Senate, GOP officials said calls and e-mails were sent to their House counterparts for guidance this past weekend, only to find out there wasn't any -- nobody was sure what exactly the President was referencing.With both chambers still under Republican control, legislative proposals can move quickly if prioritized by leadership, including bypassing the committee process altogether. But there are currently no plans to do anything of the sort, the aides said -- primarily because nobody has pinned down what, exactly, the President wants."Your guess is as good as mine," said one senior House GOP aide. As to whether something could eventually happen? "I guess," the aide said. "But it's not like we don't have a lot on our plate after the election."The President's top economic adviser, Larry Kudlow, sought on Tuesday to temper expectations, suggesting a tax cut may not materialize for some time."It may not surface for a while," Kudlow told reporters in a driveway gaggle. "But that's his goal. That's his policy intent. I don't see anything wrong with that."Kudlow nevertheless stressed that Trump managed to get his first tax cut through, too, against expectations."Take him seriously when he comes out with these things," Kudlow said. "That's been his pattern for a long time. People should not underestimate that."The whole episode echoes almost note-for-note the origin of Trump's first tax bill, which originated with a promise by the president to unveil details of a historic tax overhaul plan in "one week" ahead of his 100-day mark in office.At the time, most people knew that staff at Treasury had yet to begin substantial work on anything. The 2017 tax reform was initially introduced as a one-page summary by Treasury Secretary Steven Mnuchin and then-National Economic Council Director Gary Cohn in a hasty April 2017 White House briefing room appearance -- but that document was written into the plan that ultimately passed Congress and landed on Trump's desk in December."Trump benefitted by a lot of work that was done already by the House GOP led by Kevin Brady and Paul Ryan," said Kyle Pomerleau, an economist at the Tax Foundation, a non-profit think tank in Washington. "I am not sure I can give this method credit. Tax reform had been on the minds of Hill staffers for a while by the time Trump announced the details were coming."The President's latest tax pitch appears strategically designed to rally Republican voters ahead of the midterm elections next month. GOP leaders have been increasingly frustrated that last year's tax cuts aren't resonating with Americans as much as they hoped.Messaging by Democrats that the administration's tax law was overly generous to the rich and big corporations appears to have won over public opinion, polls show."If the President had only talked about our actual tax cut for the last year, he wouldn't have to be proposing a fake one now and our members would be in far better shape," a senior Republican congressional aide told CNN late Monday night.Top administration officials have repeatedly tried to sell last year's tax cut as a lift for middle-class Americans' pocketbooks."You know, we've already given the middle class, with an income of ,000, you got about a ,000 tax hike, and you're going to get a wage increase," Council of Economic Advisers chairman Kevin Hassett said Tuesday in a call with reporters. "He's saying ... now, that after the election he's going to pursue giving people an additional 10% tax cut."But comments by Navarro in his CNN interview Tuesday underscored the sweep of the corporate elements in the package."For me, the beauty of the Trump tax cut was on the corporate side," said Navarro in an interview. "As somebody who watched with dismay over a decade have our jobs move off shore in part because of unfair trade practices but also in part because of a high corporate tax rate here, it was really great to get that corporate tax rate down to 21 percent."Trump has in recent days expressed his dissatisfaction that the fallout over dissident Saudi journalist Jamal Khashoggi's death has eclipsed his efforts on the campaign trail, multiple sources with knowledge of the situation told CNN.The tax idea surfaced publicly over the weekend, with Trump's initial comments on Saturday amplified by Treasury Secretary Steven Mnuchin in an interview with The New York Times in Israel. Mnuchin said he's been working on a tax plan with Brady that would be unveiled "shortly."He described the new initiative as "different" than a tax bill that that passed the House earlier in the September to make individual tax cuts permanent. They are currently set to expire in 2025.Tax policy analysts were left to surmise possible explanations of what the President meant, with the prevailing view being that Trump was referring to a 0 billion tax cut that would link capital gains taxes to inflation.Earlier this summer, Mnuchin said Treasury was looking into whether the agency could use its regulatory powers to make a unilateral change on capital gains, bypassing Congress.But Trump made clear on Monday, en route to the rally in Houston that he had no intention of bypassing Congress: "We're putting in a resolution sometime in the next week-and-a-half or two weeks." 7835
PORTLAND, Ore. -- Carrying approximately a million books within its walls, Powell’s is a place where readers can get lost for hours both in the store, and in the pages of words thoughtfully arranged by thousands of authors. Emily Powell is a third-generation owner of the iconic independent bookstore.“I think the reason we’re so big and so noteworthy 50 years into our history is really the mix of new and used inventory on the shelf together," Powell said. "Very few folks do that in any industry. Certainly, it was unusual in the book industry at the time, and it’s still somewhat unusual still to this day.”Book lovers travel from all over to explore the so-called "City of Books," thrifting for old books with new ideas.“This is one of my favorite books,” Powell said.It could be a rare book, a timely book, or a book you’ve never heard of before.“It really resonates whether you’re a book lover or just someone with an interest in anything. You just have to find your corner of the store and dive deep into that section.”Powell’s is the world’s largest independent bookstore. The owners recently decided to pull their books from Amazon’s virtual shelves. Some say the world’s largest online marketplace has become a threat to local bookstore culture.“They extract a commission but they also ask for certain customer-service treatment and ways of behaving that are not how we would ordinarily run our business,” Powell said.Powell says business with Amazon became more and more costly, and with the pandemic, she says they needed to find a way forward that is sustainable for Powell’s and the community.“We need to be a part of an ecosystem that’s healthy and vital, and so we have to be part of building that ecosystem and hence the choice to cut off our Amazon business,” Powell said.Powell’s isn’t the only independent retailer struggling to compete with a company offering anything and everything at a cheap price with quick and free shipping. Powell’s has been turning to its e-commerce site during the pandemic as online sales have become essential, but not every local bookstore can afford to have its own book-sale website.“Bookshop is an online bookstore that supports local mom-and-pop, brick-and-mortar independent bookstores,” Bookshop founder Andy Hunter said.Andy Hunter started Bookshop in January. It’s a free way for bookstores to create an online shop to sell to its customers.“They can just go to our website, scroll down to the footer, there will be a ‘become an affiliate’ link and then they can onboard and they can create a shop in under an hour," Hunter said. "Really maybe half an hour. It’s as easy as setting up a Facebook page.”We reached out to Amazon for comment on this book-selling trend, but have yet to hear back. Hunter says Bookshop has already captured nearly 2% of Amazon’s market share for books. He’s hoping that percentage will continue to rise.“If we lose independent bookstores, the importance of books in our culture will be diminished,” Hunter said.Powell says spending money at a local bookstore instead of Amazon keeps the dollars in the community. She says choosing to stop sales through Amazon was a difficult decision, but a necessary one."We’ve contemplated it for years because we know that staying with Amazon was not the best choice for our business, but it’s very hard to give up sales that you really need to keep surviving one way or another,” Powell said.Her hope for Powell’s Books is that they can connect people to the value of reading while continuing to evolve with the changes of the future.“We’re so accustomed in our modern age to the idea that the computer is the best way to find anything, but in fact, it’s very difficult to replicate the in-person experience of a bookstore,” Powell said.She says certain books will always stay relevant. 3820

POWAY, Calif. (KGTV) -- A Poway family is desperately searching for their beloved cat who was last seen getting into a car with an Amazon delivery driver Monday night. Rachael Dominguez shared her doorbell camera footage with 10News which shows Cofi the Siamese cat interacting with the driver on the front porch. Another angle shows the same driver and the cat getting into a car and driving away.Dominguez contacted the Poway Sheriff's Department and Amazon. The company told her the driver says he thought Cofi was a stray and was trying to help but the cat jumped out of his car at a later stop.The driver says Cofi jumped out around Cree Court in Poway. Dominguez is asking people living in that area to keep an eye out for the cat. 746
President Donald Trump said during a press briefing at the White House Tuesday that he had signed legislation that will sanction China after the country that passed a strict "national security law" that places severe limits on the rights of those who are protesting against Chinese rule in Hong Kong.During the press conference, Trump said his administration would no longer view Hong Kong differently than it views mainland China.Following the announcement about his signing of the legislation, Trump's address quickly turned into a campaign-style speech, deriding Presumptive Democratic Nominee Joe Biden. At one point during the speech, Trump went through the Biden campaign's platform point-by-point.The briefing came shortly after the announcement that the administration would rescind a rule that would have required international college students to take classes in person during the COVID-19 pandemic. He did not address the action during the press conference.The presser also comes at a time when the country’s educational system is grappling with how students of all ages can safely return to their classrooms this fall. The White House is pushing for schools to reopen with in-person instruction as opposed to online learning.Meanwhile, the United States remains the world leader in COVID-19 cases, nearing 3.4 million as of Tuesday afternoon, according to Johns Hopkins University. 1401
President Donald Trump observed the 16th anniversary of the September 11, 2001, terrorist attacks in ceremonies Monday at the Pentagon, promising that the United States will "prevail" and that the memory of those lost will "never, ever die.""On that day, not only did the world change but we all changed," Trump said at the National 9/11 Pentagon Memorial."Our eyes were opened to the depths of the evil we face but in that hour of darkness we also came together with renewed purpose. Our differences never looked so small. Our common bonds never felt so strong," he added. 581
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