THE HUESSY REPORT - MAY 6

By Peter Huessy

Quote of the Week

“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers, too plainly prove a deliberate and systematical plan of reducing us to slavery.” Thomas Jefferson  (1774)

Top of the News

Small business confidence levels in the future has fallen to the lowest level in 12 years especially among women owned business. The 1st Quarter GDP numbers came in at 1.4% down from 3-4% growth in the 3rd and 4th quarters of 2023.

 

Idaho Budget Busters Win Big Budget Battle:

(Posted on X: https://twitter.com/i/status/1781043184946012657)

 

China News Update: The Reverse Opium Wars

According to The Washington Times the Sinaloa drug cartel in Mexico has had two decades of relations with Chinese organized crime and according to Brookings Institution Senior Fellow Vanda Felbab-Brown, who asserts the Chinese crime syndicates are responsible for fentanyl manufacture that leads to over 100,000 opioid overdose deaths annually in the United States. A video interview, is here.

 

Regulations, Regulations, Regulations

Since January 1, 2024, the Biden Administration has proposed some new rule making, primarily calling on zero emissions for the truck hauling and transportation sector, with an estimated new cost over the next 20 years of $926 billion. When all rule making of the Administration is included, the costs exceed $1.3 trillion a fourfold increase from the Obama administration’s eight years and some 2100% more than the Trump administration’s 4 years.

 

Hang on to Your Wallets

The administration’s tax plan would mean:  

  • Higher tax rates 
  • A lower standard deduction
  • A new 20 percent hike in small business tax rates
  • Forcing more families to pay the alternative minimum tax (AMT)
  • No more full expensing for business investment in equipment
  • Repeal of expensing for research and development (R&D) costs
  • More folks paying estate tax

The chart below shows that the Trump tax cuts made the income tax MORE progressive: Here are the Trump tax reform rates:

 

Reading Corner

If you want something to read here it is about the International Deep State, former British PM Liz Truss wrote this new book Ten Years to Save the West.

What if King George Had Done This? (from Vivek)

  • Moved to pack the Supreme Court
  • Forced propaganda into classrooms
  • Desecrated Easter Sunday with wokeism
  • Arrested the leader of the Republican Party
  • Removed Trump from the ballot in key states
  • Raided Mar-a-Lago with armed agents
  • Censored Conservative voices
  • Spied on Catholic worshippers
  • Gutted election integrity measures
  • Peddled the Russia Hoax for years 
  • Threw open our border to illegals
  • Abandoned Americans in Afghanistan
  • Caved to the Chinese Communist Party

CALIFORNIA DREAMING

Bill Melugin in tells us that the great city of Santa Monica will now be providing the homeless condo apartments. The 122 unit complex will cost $123 million-- $1.2 million per.  

 

Foreign Policy For Beginners

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Peter Huessy is a Member of the Montgomery County Republican Central Committee. Since 1981 he has been President of Geo-Strategic Analysis of Potomac, Maryland. He was a former special assistant to the Secretary of the Interior and consultant to the US Air Force.

Montgomery County Republican Party