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A judge in San Francisco ruled that Trump couldn’t withhold federal funds from sanctuary cities that refuse to cooperate with his immigration crackdowns. Basically, the court said, “Trump can be a dick, but he can’t force others to be dicks.” The judge said that only Congress could put conditions on spending. Once again, Trump is told that there are two other branches of government. You’d think it would sink in sometime. Guessing Trump will have to issue an executive order making the courts go away. Good luck with that.

And, it’s TAX “announcement” day. Surprise, surprise—the boys from Goldman Sachs in the Trump administration came up with a tax plan that looks like it was created by boys from Goldman Sachs. Is it even on White House stationary? Steve Mnuchin says the tax-cut plan would “pay for itself.” Translation—YOU pay for it.

Big problem for the Donald: His corporate tax cut can’t be passed through reconciliation. If you don’t know what that means, don’t worry—neither does Trump

HOMEWORK

FEDERAL JUDGE RULES AGAINST TRUMP ON SANCTUARY CITIES – SO MUCH WINNING!

https://www.nytimes.com/2017/04/25/us/judge-blocks-trump-sanctuary-cities.html?_r=0

CONGRESS CALLS TRUMPS BLUFF ON BORDER WALL AND WINS AGAIN

https://www.theatlantic.com/politics/archive/2017/04/trumps-border-wall-blink/524205/?utm_source=nl-atlantic-daily-042517

CHILDCARE TAX CREDIT? YOU’LL GET $5.55 IF YOU ARE AN AVERAGE TRUMP VOTER (OR NOT)

https://www.americanprogress.org/issues/early-childhood/news/2017/04/25/427105/trumps-child-care-plan-doesnt-help-families-won-election/?utm_source=newsletter&utm_medium=email&utm_campaign=progReport

TRUMPS TAX PLAN LOOKS LIKE A RICH MANS DREAM

http://www.newyorker.com/news/john-cassidy/trumps-tax-plan-looks-like-a-plutocrats-dream

TAX PLAN CAN NOT PASS THE SENATE…HERE’S WHY

http://www.cnn.com/2017/04/25/politics/donald-trump-tax-plan-senate-rules/

A MAGIC UNICORN

http://www.slate.com/blogs/moneybox/2017/04/25/donald_trump_s_corporate_tax_cuts_can_t_pass_congress.html

TRUMP CORPORATE TAX REDUCTION TO COST $2 TRILLION

https://www.ft.com/content/9bae9a62-29d3-11e7-9ec8-168383da43b7

US GROWTH RATE IS STILL 2% BUT COULD BE FALLING

http://news.morningstar.com/articlenet/article.aspx?id=803906

http://www.reuters.com/article/us-usa-economy-poll-idUSKBN17M1S2

CLINTON RAISED TAXES – BUSH CUT THEM – WHAT HAPPENED TO JOB GROWTH?

http://www.cbpp.org/research/federal-tax/tax-cuts-for-the-rich-arent-an-economic-panacea-and-could-hurt-growth

WHO USES PASS-THROUGH COMPANIES? THE USUAL SUSPECTS, HEDGE FUND MANAGERS, LAWYERS, INVESTMENT MANAGERS, CONSULTANTS http://www.cbpp.org/research/federal-tax/pass-through-tax-break-would-benefit-the-wealthiest-and-encourage-tax-avoidance

TAX REFORM SHOULD BE PAID FOR OR AT THE VERY LEAST REVENUE NEUTRAL

http://www.cbpp.org/research/federal-tax/tax-reform-must-not-lose-revenues-and-should-increase-them

FLYNN IS IN BIG TROUBLE