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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
President Donald Trump said Thursday that General Motors CEO Mary Barra made a "big mistake" by laying off thousands of workers and pledged to retaliate against the company.In a Fox News interview with Harris Faulkner, he said he was upset with GM's plan to restructure its global business, including halting production at five facilities in North America and eliminating about 14,000 jobs.He?lashed out against Barra, calling her actions "nasty.""To tell me a couple weeks before Christmas that she's going to close in Ohio and Michigan -- not acceptable to me," Trump said. "And she's either going to open fast or somebody else is going in. But General Motors is not going to be treated well."GM said in a statement Thursday that the company is focused on "our employees currently working at our impacted plants in Maryland, Michigan and Ohio."Trump's comments were only his latest in a string of highly unusual public attacks on the CEO of a major American corporation by a president.GM has said it closed plants and laid off workers to better prepare for the future. The company wants to shift production from sedans, which have fallen out of favor with Americans, to SUVs and trucks. It also wants to save money for the expensive task of inventing self-driving car technology.In a statement Thursday, GM said its "focus remains" on the employees at the plants that are closing, adding that hourly workers may be able to find jobs at other locations."We continue to produce great vehicles today for our customers while taking steps toward our vision of a world with zero crashes, zero emissions and zero congestion," the company said.Trump predicted Barra's actions to remake GM's business will fail."I think she's making a big mistake," Trump said. "They've changed the whole model of General Motors. ... I don't run a car company but all-electric is not going to work. It's wonderful to have it as a percentage of your cars but going into this model is not going to work."Trump's claim that GM has plans to stop making gasoline-powered engines isn't quite true. GM does not currently plan to go "all-electric," as Trump suggested, but Trump may not be far off. Auto industry experts believe self-driving cars will one day replace virtually all human-driven cars -- and those cars will require electric batteries to power the cars' on-board technology.He also claimed the new trade agreement between Canada, Mexico and the United States would make business difficult for GM. He criticized the company for making some of its vehicles and parts in Mexico, and he said the new USMCA agreement will remedy that."Now the new deal, the USMCA, that I made, really makes it very uncomfortable for people to go out of the country," Trump said. "And it will be very uncomfortable for them."The USMCA will require companies to pay about the same minimum wage to their employees in each of the USMCA countries, effectively requiring GM to give its Mexican workers a raise. That could reduce some of the advantages of building vehicles in Mexico, although GM has no plans to bring back production to the United States.Ultimately, Trump said, GM's job cuts won't hurt the US economy."It doesn't really matter because Ohio is under my leadership from a national standpoint," he said. "Ohio is going to replace those jobs in like two minutes." 3355
President Donald Trump released a 37-minute long video showing his interview with Lesley Stahl taped earlier this week for 60 Minutes. Trump walked out of the interview and didn’t return for a planned section with Vice President Mike Pence.The video, posted to Trump’s Facebook page, shows Trump growing increasingly prickly as anchor Lesley Stahl presses him on the coronavirus pandemic, his slipping support with suburban women and other issues.The “60 Minutes” interview starts on a tense footing as Stahl asks the Republican president, “Are you ready for some tough questions?” It only grows more testy.Trump says, “that’s no way to talk." He later comments, “You’re so negative.” 692
Praying for the two police officers that were shot tonight in Louisville, Kentucky. The Federal Government stands behind you and is ready to help. Spoke to @GovAndyBeshear and we are prepared to work together, immediately upon request!— Donald J. Trump (@realDonaldTrump) September 24, 2020 298
POWAY (CNS) - Authorities today identified a 69-year-old man who was gravely injured when he was struck by a car while walking in the same Poway intersection where sheriff's deputies were investigating a collision in which his wife struck and injured a pedestrian about 30 minutes earlier.Robert Tockstein of Ramona was struck shortly after 8:35 p.m. Tuesday at the intersection of Twin Peaks Road and Midland Road, and he died at an Escondido hospital early Wednesday morning, according to sheriff's Lt. Dustin Lopez and the San Diego County Medical Examiner's Office.In the first crash, which happened around 8:05 p.m. Tuesday, Tockstein's wife struck a man who was walking in a crosswalk at the intersection, Lopez said. The victim was transported to Palomar Medical Center in Escondido where he was treated for minor injuries.While deputies investigated the first crash, Tockstein arrived at the scene, Lopez said.Tockstein moved his wife's vehicle and as he was walking back to the scene of the crash he was struck in the east crosswalk of Twin Peaks Road, the Medical Examiner's Office said in a statement.The driver of the Toyota Prius that struck Tockstein remained at the scene and cooperated with deputies, Lopez said.Tockstein was transported to Palomar Medical Center in Escondido, where he was pronounced dead at 1:58 a.m. Wednesday, the Medical Examiner's Office said. 1390