New vehicle tariffs

KARNUT · May 8, 2025

5 minutes ago, customboss said:

You are absolutely correct. He does what he does this time because he’s been give carte blanche and keys to our DEMOCRACY.

And his too

customboss · May 9, 2025

Guys, now this something POTUS is doing I can get on board with. 2 major moves that will unload average working people. This makes more sense as tariffs slow things.

Raising taxes on people who make 2.5 million or more.
Closing the loophole on carried interest for hedge funds.

Top News

The fiscal package

Getty Images

Well, the first trade deal under the Trump administration has been ironed out, and more are said to be on the way. Markets continue to applaud the progress, with strong gains for stocks in recent days as American officials prepare to meet their Chinese counterparts in Switzerland this weekend. With trade discussions underway, attention has turned to top legislative priorities, especially given President Trump's repeated goal of passing "one, big, beautiful bill."

What's happening? Reports suggest that Trump made a direct request to House Speaker Mike Johnson this week to raise the upper tax bracket for some of the richest Americans. The new 39.6% tax rate (up from 37%) would be for individuals earning at least $2.5M, or couples making at least $5M. Trump also wants to do away with the carried interest tax break used by hedge funds and private equity, as well as other measures, like imposing higher tax bills on owners of major stadiums and arenas.

It's a significant departure from past policy for Republicans, who have traditionally sought tax cuts to grow the economy. There is likely to be considerable infighting on the new types of offsets, which are aiming to raise taxes on the rich to pay for tax cuts elsewhere. Trump has already promised no taxes on social security, tips, and overtime pay, but the budget shortfalls from those moves would need serious offsets, especially given struggles on the spending side, such as cutting back on major entitlement programs like Medicaid.

Taxes and your money: "The goal of tax optimization isn’t to avoid paying taxes, but to maximize your wealth on an after-tax basis," Neuberger Berman writes in The Power Of Tax Deferral, discussing tax-loss harvesting and deferring capital gains. Investing Group Leader Chris DeMuth Jr. also explores a wide range of tax optimization investing strategies in Seeking Alpha article, Give Yourself A Tax Cut.

KARNUT · May 9, 2025

45 minutes ago, customboss said:

Guys, now this something POTUS is doing I can get on board with. 2 major moves that will unload average working people. This makes more sense as tariffs slow things.

Raising taxes on people who make 2.5 million or more.
Closing the loophole on carried interest for hedge funds.

Top News

The fiscal package

Getty Images

Well, the first trade deal under the Trump administration has been ironed out, and more are said to be on the way. Markets continue to applaud the progress, with strong gains for stocks in recent days as American officials prepare to meet their Chinese counterparts in Switzerland this weekend. With trade discussions underway, attention has turned to top legislative priorities, especially given President Trump's repeated goal of passing "one, big, beautiful bill."

What's happening? Reports suggest that Trump made a direct request to House Speaker Mike Johnson this week to raise the upper tax bracket for some of the richest Americans. The new 39.6% tax rate (up from 37%) would be for individuals earning at least $2.5M, or couples making at least $5M. Trump also wants to do away with the carried interest tax break used by hedge funds and private equity, as well as other measures, like imposing higher tax bills on owners of major stadiums and arenas.

It's a significant departure from past policy for Republicans, who have traditionally sought tax cuts to grow the economy. There is likely to be considerable infighting on the new types of offsets, which are aiming to raise taxes on the rich to pay for tax cuts elsewhere. Trump has already promised no taxes on social security, tips, and overtime pay, but the budget shortfalls from those moves would need serious offsets, especially given struggles on the spending side, such as cutting back on major entitlement programs like Medicaid.

Taxes and your money: "The goal of tax optimization isn’t to avoid paying taxes, but to maximize your wealth on an after-tax basis," Neuberger Berman writes in The Power Of Tax Deferral, discussing tax-loss harvesting and deferring capital gains. Investing Group Leader Chris DeMuth Jr. also explores a wide range of tax optimization investing strategies in Seeking Alpha article, Give Yourself A Tax Cut.

I believe the tariff thing will be resolved shortly. The tax thing proves he does take in advice. I would only be concerned if it affects small businesses. Usually history proves tax cuts bring in more revenue. My wife is a lot smarter than me when it comes to that stuff. She does taxes for free. She sees how if affects everyone. My cost increases are tied to insurance. That’s a travesty.

customboss · May 10, 2025

Do you trust a president who trades on his office? Check this out : CRYPTO FRAUD.

KARNUT · May 10, 2025

26 minutes ago, customboss said:

Do you trust a president who trades on his office? Check this out : CRYPTO FRAUD.

During his first term in office he lost millions. Do I really need to name the ones who became millionaires after office?

customboss · May 10, 2025

3 minutes ago, KARNUT said:

During his first term in office he lost millions. Do I really need to name the ones who became millionaires after office?

We once again will disagree but focus on NOW.....so you think service to the Constitution and US people should be a profit center? Listen SERVICE is sacrificial and FOR THE PEOPLE not for getting ahead. CULT is strong on critical thought isn't it?

customboss · May 10, 2025

On 5/9/2025 at 7:15 AM, customboss said:

Guys, now this something POTUS is doing I can get on board with. 2 major moves that will unload average working people. This makes more sense as tariffs slow things.

Raising taxes on people who make 2.5 million or more.
Closing the loophole on carried interest for hedge funds.

Top News

The fiscal package

Getty Images

Well, the first trade deal under the Trump administration has been ironed out, and more are said to be on the way. Markets continue to applaud the progress, with strong gains for stocks in recent days as American officials prepare to meet their Chinese counterparts in Switzerland this weekend. With trade discussions underway, attention has turned to top legislative priorities, especially given President Trump's repeated goal of passing "one, big, beautiful bill."

What's happening? Reports suggest that Trump made a direct request to House Speaker Mike Johnson this week to raise the upper tax bracket for some of the richest Americans. The new 39.6% tax rate (up from 37%) would be for individuals earning at least $2.5M, or couples making at least $5M. Trump also wants to do away with the carried interest tax break used by hedge funds and private equity, as well as other measures, like imposing higher tax bills on owners of major stadiums and arenas.

It's a significant departure from past policy for Republicans, who have traditionally sought tax cuts to grow the economy. There is likely to be considerable infighting on the new types of offsets, which are aiming to raise taxes on the rich to pay for tax cuts elsewhere. Trump has already promised no taxes on social security, tips, and overtime pay, but the budget shortfalls from those moves would need serious offsets, especially given struggles on the spending side, such as cutting back on major entitlement programs like Medicaid.

Taxes and your money: "The goal of tax optimization isn’t to avoid paying taxes, but to maximize your wealth on an after-tax basis," Neuberger Berman writes in The Power Of Tax Deferral, discussing tax-loss harvesting and deferring capital gains. Investing Group Leader Chris DeMuth Jr. also explores a wide range of tax optimization investing strategies in Seeking Alpha article, Give Yourself A Tax Cut.

Why can't poor working class people understand this is fair? Brainwashed MOFO's that the trinkle down effect is gonna save you and yours. CULT THOUGHT..

KARNUT · May 10, 2025

11 minutes ago, customboss said:

Why can't poor working class people understand this is fair? Brainwashed MOFO's that the trinkle down effect is gonna save you and yours. CULT THOUGHT..

You seem a bit sideways today. Trump derangement setting in. So I’ll disengage for the weekend with you. So let it rip. Next week is going to be a good week. Maybe you will appreciate the positive energy I believe will surface next week.

customboss · May 10, 2025

Just now, KARNUT said:

You seem a bit sideways today. Trump derangement setting in. So I’ll disengage for the weekend with you. So let it rip. Next week is going to be a good week. Maybe you will appreciate the positive energy I believe will surface next week.

Yeah look away, man for a smart guy you have no critical thinking skills at least based on what you share. Derangement my A-S-S.

KARNUT · May 10, 2025

41 minutes ago, customboss said:

Yeah look away, man for a smart guy you have no critical thinking skills at least based on what you share. Derangement my A-S-S.

Yea, done with your A-S-S. You just couldn’t take a pause. Know I’ll be thinking I told you so. When our country thrives because of MAGA.

customboss · May 10, 2025

41 minutes ago, KARNUT said:

Yea, done with your A-S-S. You just couldn’t take a pause. Know I’ll be thinking I told you so. When our country thrives because of MAGA.

Unlike you, I pray it really does! I don’t give a ****** who the president is I want this country to thrive under the constitution. You aren’t my enemy you’re just misguided and I do respect you. He just so damn thick. It’s hard to deal with the Maga idiots you guys have just checked your brain into your butt hole. I mean that tenderly and honestly cause I do love you, brother.

txab · May 10, 2025

Let's take a break for a day or so on the subject

KARNUT · May 10, 2025

1 hour ago, txab said:

Let's take a break for a day or so on the subject

Already have

customboss · May 12, 2025

Energy

Trump promised U.S. dominance. Instead, energy companies are faltering. Oil and gas firms are reeling, and major renewables projects are getting shelved as Trump’s policies rattle energy investors and executives.
May 10, 2025

President Donald Trump promised to unleash an energy renaissance that would lock in U.S. dominance over oil and gas. But that is not how things are working out for America’s drillers, fracking firms and equipment suppliers, including the company founded by Trump’s own energy secretary. The market value of Liberty Energy has fallen by nearly half since its former CEO, Chris Wright, joined Trump’s Cabinet. The company reports it is among many in the industry struggling with the challenges heightened by Trump’s agenda, including “tariff impacts, geopolitical tensions, and oil supply concerns.” Three months into the new administration, the price of U.S. oil has plunged to below the drilling profitability threshold of about $65 per barrel and the industry is ailing. At the same time, the U.S. energy economy is being further destabilized by White House attacks on clean power. It is a stark reversal from last year, when the United States was rocketing ahead on clean energy projects, pushed by government, and oil industry executives were brimming with optimism amid record production. Companies are opting not to add new wells out of fear they will lose money. The number of active rigs in Texas is lower now than it has been since the nation was climbing out of the pandemic. The president’s tariffs are meanwhile driving up costs in U.S. oil fields, leaving firms hesitant to invest in expanding production.

Mark Waters says sales at his Odessa, Texas, tools business, which he describes as a “Home Depot for the oilfields,” are down about 10 percent. He does not regret voting for Trump, saying he is willing to take a personal hit to support the president’s agenda. But he said it is ironic that over the decades he has made a lot more money when the party he despises is in power. “The oil business has thrived under Democratic leadership despite them being true haters of all things fossil,” Waters said. “For whatever reason, I made millions of dollars under Clinton. Then I made even more under Obama and Biden. I have never had a solid explanation.” His business outlook for the coming months under Trump? “Hopefully it won’t be catastrophic,” Waters said.

Washington Post

Edited May 12, 2025 by customboss

KARNUT · May 13, 2025

25 minutes ago, customboss said:

Energy

Trump promised U.S. dominance. Instead, energy companies are faltering. Oil and gas firms are reeling, and major renewables projects are getting shelved as Trump’s policies rattle energy investors and executives.
May 10, 2025

President Donald Trump promised to unleash an energy renaissance that would lock in U.S. dominance over oil and gas. But that is not how things are working out for America’s drillers, fracking firms and equipment suppliers, including the company founded by Trump’s own energy secretary. The market value of Liberty Energy has fallen by nearly half since its former CEO, Chris Wright, joined Trump’s Cabinet. The company reports it is among many in the industry struggling with the challenges heightened by Trump’s agenda, including “tariff impacts, geopolitical tensions, and oil supply concerns.” Three months into the new administration, the price of U.S. oil has plunged to below the drilling profitability threshold of about $65 per barrel and the industry is ailing. At the same time, the U.S. energy economy is being further destabilized by White House attacks on clean power. It is a stark reversal from last year, when the United States was rocketing ahead on clean energy projects, pushed by government, and oil industry executives were brimming with optimism amid record production. Companies are opting not to add new wells out of fear they will lose money. The number of active rigs in Texas is lower now than it has been since the nation was climbing out of the pandemic. The president’s tariffs are meanwhile driving up costs in U.S. oil fields, leaving firms hesitant to invest in expanding production.

Mark Waters says sales at his Odessa, Texas, tools business, which he describes as a “Home Depot for the oilfields,” are down about 10 percent. He does not regret voting for Trump, saying he is willing to take a personal hit to support the president’s agenda. But he said it is ironic that over the decades he has made a lot more money when the party he despises is in power. “The oil business has thrived under Democratic leadership despite them being true haters of all things fossil,” Waters said. “For whatever reason, I made millions of dollars under Clinton. Then I made even more under Obama and Biden. I have never had a solid explanation.” His business outlook for the coming months under Trump? “Hopefully it won’t be catastrophic,” Waters said.

Washington Post

After all that’s happened over the weekend and today you find a possible outlier. My family is involved in two oil related businesses. One as an equipment supplier and one that works on pipeline maintenance and new construction. Texas, Oklahoma, Louisiana, Arkansas for the construction business. Worldwide for the sales. Business is booming. New pipeline construction is on going. The costumers are buying. My goodness dude it’s been a little over 100 days. There’s never been anything like it. Get a grip and hold on it’s just getting started.