December 27, 2017

ABC ‘This Week’: Tax Cuts As ‘Temporary,’ and Won’t ‘Be Realized For More Than a Year’

On Sunday’s This Week show on ABC, host Jonathan Karl and Bloomberg News’s Margaret Talev displayed stunning historical naivete in characterizing the tax cuts for individuals in the tax law signed several days ago by President Trump as “temporary.” Talev went one step further, claiming, despite the quite visible legislation-related bonuses so many companies have handed out and minimum-wage moves they have implemented, and despite the fact that the effects of individual tax reductions will be seen in paychecks by early February, that the “beneficial effects in the near-term are not really going to be realized for more than a year.”


Bogus Tax Law Reporting Exposed: Taxes Will Be Lower For the Vast Majority of Americans

Up until the moment it was signed into law, many press reports on the tax law portrayed it or strongly implied that it contained increases or virtually nothing for most taxpayers while granting big breaks to “wealthy” households (the term preferred over the genuinely accurate “high-income” label). So imagine how surprised some Americans must be to learn that the press is having a very difficult time finding actual examples of individuals and families — both theoretical and in real life — whose taxes will go up.


Wednesday Off-Topic (Moderated) Open Thread (122717)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

Positivity: Jimmy Stewart’s Fight for a Wonderful Life

Filed under: Positivity,US & Allied Military — Tom @ 5:55 am

Via Larry Provost Larry Provost at

Posted: Dec 25, 2017 12:01 AM

The actor Jimmy Stewart is most famously associated as the main star of the Christmas classic It’s a Wonderful Life.  However, the success of the film and its main star was not a guarantee.

It’s a Wonderful Life was the first film made by director Frank Capra after World War II.  Capra entered military service after American entry in World War II to make films for the Army and left the service in 1945. Despite being nominated for many awards, It’s a Wonderful Life was not a successful film. It was not considered as the best picture of the year by audiences and critics; most of the honors going instead to William Wyler’s classic about three returning Veterans, The Best Years of Our Lives.  It’s a Wonderful Life also did not break even at the box office and lost money for Capra’s Liberty Films.

Things were not great at the time for the Jimmy Stewart, either.  Like Capra he also served in World War II.  In fact, Stewart was initially drafted into the Army in 1941, right after winning an Academy Award for Best Actor and a few months before American entry into the war.  He failed his entrance physical for being underweight.  With a father that had served in the Spanish American War and World War I, Stewart did not believe in shirking his call to duty.

Stewart volunteered for a second physical and barely made the weight cut off after devouring milkshakes and bananas on a consistent basis.  He went from making thousands of dollars a week in Hollywood to 21 dollars a month as a Private in the Army. Stewart passed rigorous training to pilot B24 Liberators in the Army Air Force.

Likely to protect a famous Hollywood actor, the powers in charge decided to keep Stewart stateside. Stewart volunteered for combat duty and was sent overseas to Britain.  He flew, and later led, many combat missions into Hitler’s Germany and other parts of Europe.  Stewart was awarded the Distinguished Flying Cross for his bravery and skill during his dangerous duty. By the end of the war, Stewart has risen from Buck Private to Full Colonel.  His final assignment was as a wing commander for the Second Bomb Wing.  Coming home from the war was very real for Stewart, as it was for millions of lesser known Americans.

After returning home to the United States in September 1945, Stewart spent a little more than a week with his parents in Indiana, Pennsylvania and then returned to Hollywood.He and his friend, the actor Henry Fonda, who was also a war Veteran, lived together and spent their time flying kites and discussing working in the airlines if their careers in Hollywood did not restart.  Stewart even thought of helping to run his father’s hardware store back home in Pennsylvania. Stewart was lost and had even stopped going to church, at least until his father scolded him for not going.

Soon after Capra’s offer came in to star in It’s a Wonderful Life.  Stewart accepted but, at first, had a difficult time on the set.

Stewart did not think he had the ability to act anymore and questioned whether his profession was an honorable one.  The war, and things from it he would forever carry with him, were still strong on his mind.A few weeks into filming, Lionel Barrymore, who played the evil Mr. Potter, talked with Stewart.

As Stewart’s father reminded him about the importance of attending church, the man who played the film’s unrepentant villain reminded Stewart of the importance of his profession. Barrymore said, “So, are you saying it’s more worthwhile to drop bombs on people than to entertain them?”  Barrymore was not trying to disparage Stewart’s service but rather shock him back to his new reality. After that conversation, Stewart felt reconnected to his profession; albeit a stronger and more mature connection. …

Go here for the rest of the story.