Trump Promises ‘No Change to Your 401(k)’ as Congress Considers a Contribution Cap

President Trump said early on Monday that his proposed tax plan would not prompt any changes to Americans’ tax-deferred retirement plans, pushing back against reports that the Republicans are weighing a proposal that would significantly reduce the income workers can save in these popular programs.

Mr. Trump’s shutdown of the proposal is the first of what many Republicans privately fear could be a presidential pattern that disrupts their efforts to pass a sweeping overhaul of the tax code. In it, Mr. Trump appeared to rule out a politically difficult idea, which, if enacted, would have provided some revenue to help pay for the tax plan.

Republicans’ ability to win passage of a tax package hinges on its ability to survive a complex set of legislative restrictions in the Senate. Republicans are attempting to cut business tax rates deeply, and also to cut individual tax rates, using a legislative route that allows them to bypass a Democratic filibuster and pass a bill with a simple Senate majority. To do that, they will need to make some tough political choices, eliminating some popular tax breaks, or employing some budgetary accounting tricks, in order to offset lost revenues from rate cuts.

Mr. Trump’s tweet concerned one of those accounting maneuvers, which would have allowed Republicans to effectively borrow tax revenues from the future to offset some rate cuts today. Reducing 401(k) contribution limits would force retirement savers to pay more in taxes today, as they sock away money, but less in the future, when they began withdrawing retirement funds tax-free.

Republicans had not decided whether to include a reduced cap on contributions in their final version of the tax bill even before Mr. Trump’s tweet.

Details of the Republicans’ tax bill have been closely held, and they would not comment on Friday about possible changes to 401(k) policies. It was not clear from Mr. Trump’s Twitter post on Monday whether he meant that he would not support a bill including alterations to 401(k) limits or that he knew the Republicans’ draft bill did not include such changes. Several sources said last week that such changes were under consideration as House Republicans prepare to release a tax bill in the coming weeks.

Democrats and other critics of Mr. Trump’s tax plan have said it would not help middle-class Americans, despite White House and Republican promises. “Tax cuts for corporations and the wealthiest Americans should not be paid for by increasing taxes on middle class Americans saving for retirement,” a group of Democratic senators, led by Senator Sherrod Brown of Ohio, wrote to the administration in September.

Any plan to cap 401(k) savings could bolster those arguments.

Republicans are discussing proposals that would potentially cap worker contributions at $2,400 annually for 401(k) retirement accounts, lobbyists and consultants have said. Currently, workers can put away $18,000 a year in tax-deferred plans; workers who are over 50 years old can save up to $24,000.

Advocacy groups have sprung up in Washington to fight any proposed change to those limits. One of those groups, the Save our Savings Coalition, said in a statement on Monday that it was “thrilled to see the President’s statement today, though we will continue to fight to ensure lawmakers do right by the middle class by preserving and expanding our retirement system as tax reform moves through Congress.”

[The New York Times]

Aides ‘hustled’ after Trump interview to secure list of fallen soldiers: report

White House aides were “hustling” to secure an up-to-date list of soldiers who died this year after President Trump claimed in an interview earlier this week that he had contacted the families of “virtually everybody” in the military who was killed since he took office, Roll Call reported Friday.

An email exchange between the White House and Defense Secretary James Mattis’ office reportedly shows the White House asking the department for information regarding the families of service members killed after the president’s inauguration in January.

The White House asked for the information on surviving family members so Trump could make sure to contact all of them, according to Roll Call.

The report said that the email exchange came hours after the president said in a Fox News Radio interview Tuesday that he had called nearly all of the families of those killed since he took office.

“I have called, I believe, everybody — but certainly I’ll use the word virtually everybody,” he said.

The Hill has reached out to the White House for comment.

White House press secretary Sarah Huckabee Sanders said earlier this week that Trump had “made contact with all of the families that have been presented to him through the White House Military Office.”

A White House spokesman echoed that language in an email to Roll Call on Friday night, writing, “The White House ensured that the President had contacted all families of soldiers killed in action that had been presented to him through existing protocols.”

Multiple media organizations began reaching out to Gold Star families this week after Trump claimed during a press conference on Monday that Barack Obama and other past presidents didn’t call the families of fallen soldiers.

The White House was pushed to defend Trump’s handling of such calls after Rep. Frederica Wilson (D-Fla.) said that Trump told the widow of one of the four U.S. soldiers killed in Niger earlier this month that he “knew what he signed up for.”

The Democratic congresswoman claimed that Trump was insensitive during the call to the widow of Army Sgt. La David Johnson. The soldier’s mother later said that she felt disrespected by the president.

White House chief of staff John Kelly appeared at the White House briefing on Thursday to defend Trump’s call to the family and others.

[The Hill]

Trump to widow of Sgt. La David Johnson: ‘He knew what he signed up for’

President Donald Trump told U.S. Army Sgt. La David Johnson‘s widow Tuesday that “he knew what he signed up for … but when it happens, it hurts anyway,” when he died serving in northwestern Africa, according to U.S. Rep. Frederica Wilson, D-Florida.

“Yeah, he said that,” Wilson said. “So insensitive. He should have not have said that. He shouldn’t have said it.”

The president called about 4:45 p.m. and spoke to Johnson’s pregnant widow, Myeshia Johnson, for about five minutes. She is a mother to Johnson’s surviving 2-year-old son and 6-year-old daughter. The conversation happened before Johnson’s remains arrived at Miami International Airport on a commercial Delta Airlines flight.

“The president’s conversations with the families of American heroes who have made the ultimate sacrifice are private,” a top advisor later told Local 10 News.

Wilson watched as the widow, who is expecting their third baby in January, leaned over the U.S. flag that was draping Johnson’s casket. Her pregnant belly was shaking against the casket as she sobbed uncontrollably. Their daughter stood next to her stoically. Their toddler waited in the arms of a relative.

There was silence.

Local politicians, police officers and firefighters lined up to honor Johnson for his service and for the efforts and discipline that got the former Walmart employee to defy all odds and become a 25-year-old member of the 3rd Special Forces Group at Fort Bragg, North Carolina.

Johnson, who participated in a mentorship program Wilson founded in 1993, died during a mission fighting alongside Green Berets. Islamic militants ambushed them on Oct. 4 with rocket-propelled grenades and machine guns. The team reportedly didn’t have overhead armed air cover and was in unarmored pickup trucks. Reuters reported the lack of planning upset the French.

Trump didn’t discuss any of the details of the ambush or say that the Pentagon was conducting an investigation. Instead, he focused on questions about whether or not he had offered his condolences to the families of the fallen.

“I will, at some point, during the period of time, call the parents and the families, because I have done that, traditionally,” Trump said during a news conference last week.

Wilson criticized Trump for failing to acknowledge Johnson’s death after he was left behind during the evacuation. It took nearly two days to find his body in the Republic of Niger’s desert. Johnson’s body made it to the U.S. on Oct. 7 when Trump was playing golf with Sen. Lindsey Graham.

Amid the controversy, Trump later said President Barack Obama and other presidents didn’t make calls to the relatives of all fallen servicemen and women. Aides for both President George W. Bush’s and Obama reacted on Twitter and in The Huffington Post, saying the president misspoke.

Trump later backpedaled the claim during an interview with NBC’s Peter Alexander.

“President Obama, I think, probably did sometimes, and maybe sometimes he didn’t. I don’t know. That’s what I was told. All I can do, all I can do is ask my generals. Other presidents did not call. They’d write letters. And some presidents didn’t do anything,” Trump said. “But I like the combination of, I like, when I can, the combination of a call and also a letter.”

The Atlantic’s David A. Graham believes Trump used the controversy to distract reporters. Despite the criticism, Trump continued the discussion on Fox News Radio when he raised doubt about whether or not Obama called his chief of staff, John Kelly, when Kelly’s son died.

Graham said it was Trump’s strategy to distract reporters from the important questions about the deadly ambush in Africa.

“The broader question, of what the soldiers who were killed were doing and what went wrong, remains unaddressed by the president, and Trump’s jab at other presidents may, unfortunately, help to keep it that way,” Graham wrote.

After an emotional procession from Miami-Dade County to Broward County, Johnson’s remains were at a funeral home in Hollywood. There will be a public viewing from 4 to 8 p.m.  Friday and a funeral service from 11 a.m. to 1 p.m. Saturday, at the Christ The Rock Church at 11000 Stirling Road in Cooper City. The internment will be at the Hollywood Memorial Gardens, at 3001 N. 72 St.

According to officials with the Department of Defense, the other three victims of the attack were Staff Sgt. Bryan C. Black, 35, of Puyallup, Washington; Staff Sgt. Jeremiah W. Johnson, 39, of Springboro, Ohio; and Staff Sgt. Dustin M. Wright, 29, of Lyons, Georgia.

[ABC]

Reality

Trump later tweeted Rep. Wilson fabricated the statement, but once it was confirmed by Johnson’s own mother, the White House changed its story and now say Trump was simply “misunderstood.”

Trump says he spoke to Virgin Islands’ ‘president’ — which is him

President Donald Trump accidentally referred to the Virgin Islands’ governor as their President during a speech Friday — even though he is technically their President.

“I will tell you I left Texas and I left Florida and and I left Louisiana and I went to Puerto Rico and I met with the President of the Virgin Islands,” he told the audience of the Values Voter Summit in Washington.

“We are one nation and we all hurt together, we hope together and we heal together,” he said, later adding, “The Virgin Islands and the President of the Virgin Islands, these are people that are incredible people, they suffered gravely and we’re be there, we’re going to be there, we have really, it is not even a question of a choice.”

Trump appeared to be referring to Virgin Islands Gov. Kenneth Mapp, instead of the “President” who is Trump himself. The Virgin Islands is a US territory.

The White House did not immediately respond to CNN’s request for comment. But in the official White House transcript after the speech, his reference to Mapp as President was corrected to “governor.”

He was referring to how the Virgin Islands was hit first by Hurricane Irma, then Hurricane Maria, which ravaged the island.

[CNN]

Media

Watch on CNN

Trump: ‘What happened in Las Vegas is in many ways a miracle’

President Trump on Tuesday praised the Las Vegas Metropolitan Police Department following the mass shooting Sunday night, saying what happened in Nevada “is in many ways a miracle.”

“What happened in Las Vegas is in many ways a miracle. The police department has done such an incredible job, and we’ll be talking about gun laws as time goes by,” Trump told reporters.

“But I do have to say how quickly the police department was able to get in was really very much of a miracle. They’ve done an amazing job.”

The shooting left 59 dead and more than 500 others injured when suspected gunman Stephen Paddock opened fire on a country music festival from the 32nd floor of the Mandalay Bay Resort and Casino.

The attack has reignited the gun debate among lawmakers in Washington, D.C., with a number of Democrats calling for stricter gun regulations.

Trump and first lady Melania Trump left D.C. Tuesday morning en route to Puerto Rico to meet with officials and those affected by Hurricane Maria.

[The Hill]

Media

https://www.youtube.com/watch?v=pHep_G_CIH0

Trump contrasts Puerto Rico death toll to ‘a real catastrophe like Katrina’

President Donald Trump told Puerto Rican officials Tuesday they should be “very proud” that hundreds of people haven’t died after Hurricane Maria as they did in “a real catastrophe like Katrina.”

“Every death is a horror,” Trump said, “but if you look at a real catastrophe like Katrina and you look at the tremendous — hundreds and hundreds of people that died — and you look at what happened here with, really, a storm that was just totally overpowering … no one has ever seen anything like this.”

“What is your death count?” he asked as he turned to Puerto Rico Gov. Ricardo Rosselló. “17?”

“16,” Rosselló answered.

“16 people certified,” Trump said. “Sixteen people versus in the thousands. You can be very proud of all of your people and all of our people working together. Sixteen versus literally thousands of people. You can be very proud. Everybody watching can really be very proud of what’s taken place in Puerto Rico.”

According to FEMA, 1,833 people died in 2005 in the aftermath of Hurricane Katrina.
Before Trump arrived Tuesday, Rosselló said he expected the death count to rise.

“I’ve established from the get-go that due to the magnitude of this event it is likely that that number is going to go up,” Rosselló told reporters at a news conference Tuesday.

The White House has pushed back on the notion that Maria is this administration’s version of Katrina, and the President praised relief efforts in Puerto Rico as he departed Washington Tuesday.

“I think we’ve done just as good in Puerto Rico and it’s actually a much tougher situation,” Trump told reporters on the South Lawn of the White House. “But now the roads are clear, communications starting to come back.”

On the ground in Puerto Rico, Trump also appeared to blame the island and its 3.5 million residents for throwing the federal budget “a little out of whack.”

“I hate to tell you Puerto Rico, but you’ve thrown our budget a little out of whack,” Trump said with a grin. “Because we’ve spent a lot of money on Puerto Rico and that’s fine, we’ve saved a lot of lives.”

But the bulk of Trump’s remarks on Tuesday focused on praising his administration’s response to the destructive hurricane, even as more than half of the island’s roughly 3.5 million residents still lack access to potable water and as nearly all of the island remains without power.

[CNN]

As humanitarian crisis unfolds in Puerto Rico, Trump tweets about island’s “massive debt”

Officials are calling the devastation in Puerto Rico a humanitarian disaster. Six days after Hurricane Maria hit, millions are struggling for basic necessities like adequate food, water, fuel and electricity. Eighty percent of the island’s transmission lines are down, and power may not be restored for more than a month.

In a series of tweets Monday night, President Trump said the U.S. territory’s old electrical grid was “devastated.” He also appeared critical of the island’s financial problems, tweeting they owed “billions of dollars to Wall Street and the banks which, sadly, must be dealt with.”

FEMA has sent out over 10,000 federal forces to work around the clock, reports CBS News’ David Begnaud.

Supplies are coming in slowly from the U.S. mainland to help millions still struggling across the island.

FEMA administrator Brock Long said at a press conference, “We’ve got a lot work to do. It’s the worst hurricane Puerto Rico has seen.”

Governor Ricardo Rosselló traveled with the National Guard to deliver a satellite phone to the mayor of San Sebastian. Satellite phones are critical in allowing senior government officials to communicate with local leaders in some of the hardest-hit areas.

“Two Category 5 hurricanes passing through an island is unprecedented and therefore the response needs to be unprecedented,” Rosselló said.

Only a handful of flights are trickling out of Puerto Rico’s main airport. Desperate travelers crowded the ticket counters hoping to get on one of the few flights leaving for the states.

“My mother needs dialysis. We’ve been here 26 hours,” one woman said.

“Why can’t food and water be sent there right now, I mean there are babies who are naked in strollers their parents are fanning them,” Begnaud asked Rosselló.

“Because of your reporting that I saw last night, I ordered food and snacks to be delivered to the airport today,” he replied.

“Ok I hear you, but it’s not getting to them,” Begnaud said.

I understand and that’s why immediately I’m taking action and I will as soon as we finish the interview I will make sure that water it’s on its way and food is on its way,” Rosselló said.

He kept his word. Food and snacks arrived within an hour, but he worries about the lasting effects if Washington doesn’t pass a financial aid package soon.

“Humanitarian crisis will come to the United States in the form of the 3.5 million U.S. citizens that live here,” Rosselló said. “And what you’re bound to see is a massive exodus of Puerto Ricans into the mainland. It’s going to be a problem for us, it’s going to be a problem for mainland as well.”

Puerto Rico’s governor has complimented the work FEMA is doing, and FEMA’s complimented the governor. They both complimented President Trump, but CBS News has asked where the aid is happening. The governor guaranteed that we would be able to see it.

[CBS News]

US Sees ‘No Indication’ Iran Launched a Ballistic Missile, Despite Trump Tweet

US intelligence radars and sensors “picked up no indication” of an Iranian ballistic missile launch in the days surrounding a reported test, according to a Trump administration official familiar with the latest US assessment.

Iranian reports that the nation tested a new ballistic missile so far does not appear to be true, the official said, adding: “As far as we can see, it did not happen.”
State-run broadcaster Press TV reported the launch on Saturday, according to footage broadcast on Iranian state television.

“Iran has released footage of the successful test-launch of its new ballistic missile, Khorramshahr, a few hours after it was unveiled during a military parade in the capital city of Tehran,” Press TV said.

But the telemetry, or electronic signals, of a ballistic missile launch would have been picked up by a variety of US assets in the region who keep an around the clock eye on Iran’s weapons activities, the official said.

President Donald Trump tweeted about the apparent launch on Saturday: “Iran just test fired a ballistic missile capable of reaching Israel. They are also working with North Korea. Not much of an agreement we have!”

The footage shown on Iranian television appears most likely to be a re-run of a previous test launch, the official said.

The official did not know if Trump received an intelligence briefing about the launch before sending the tweet.

Fox News was the first to report that the US believes the launch did not take place.

[CNN]

Trump Congratulates African Leaders for Making His Friends Rich

President Donald Trump on Wednesday was met with silence when he congratulated the leaders of African countries on the continent’s economic progress, telling them, “I’ve so many friends going to your countries, trying to get rich. I congratulate you. They’re spending a lot of money.”

Trump delivered the remark at a luncheon he hosted with the leaders of many of the 54 diverse nations on the African continent. And while Trump almost certainly meant it as compliment, and even seemed to pause for applause, not one attendee clapped.

For centuries, Europeans and Americans have exploited Africa’s natural resources and labor force, not least during the trans-Atlantic slave trade. In the post-Colonial era, the U.S. government has supported dozens of authoritarian regimes on the African continent, while American companies have made billions of dollars from deals with dictatorships.

Since taking office in January, Trump has nominated ambassadors to only around a dozen African nations, despite having recalled all Obama-era ambassadors before he was inaugurated. This means that the vast majority of nations on the continent do not currently have a U.S. ambassador with whom they can conduct bilateral diplomacy.

During the same speech, Trump also mispronounced Namibia as “Nambia,” saying very clearly that “Nambia’s health system is increasingly self-sufficient.”

A White House transcript confirmed that Trump meant to say Namibia.
The White House did not immediately respond to a request for comment from CNBC.

[CNBC]

Trump Retweets GIF of Him Hitting Clinton With Golf Ball

President Donald Trump retweeted an edited video Sunday morning that showed him swinging a golf club and appearing to hit his former presidential campaign rival Hillary Clinton with a golf ball.

The animated GIF image Trump retweeted spliced together footage of Trump taking a swing on a golf course with footage of Clinton tripping and falling as she boarded a plane in 2011 as secretary of state. The footage is edited to make it appear as though Clinton is hit in the back with a golf ball before her fall.

The tweet revealed a President still reverting to his old social media habits, namely, those likely to earn him quick criticism, less than two months after retired Gen. John Kelly took over as White House chief of staff.

While Kelly has not sought to stop Trump from tweeting, he has encouraged the President to allow him to vet the tweets before posting them — a request Trump has sometimes acquiesced to.

The White House did not immediately respond to a request for comment Sunday about the President’s tweet and whether Kelly was aware of it.

The tweet, which came as Trump prepares to head to New York for a critical round of powerhouse diplomacy with world leaders at the United Nations, followed a week during which Clinton reemerged in the spotlight as she promoted her new book, “What Happened,” about the 2016 campaign, reviving her fiercest criticisms of Trump and his supporters and reigniting the debate about her stunning, unanticipated loss.

Trump slammed Clinton over her new book earlier this week too, tweeting that she “blames everybody (and every thing) but herself for her election loss.”

Trump’s Sunday morning Twitter post was one of more than a half-dozen supporters’ tweets the President retweeted Sunday before 8:30 a.m.

Those other tweets included an image predicting Trump would win every state for reelection in 2020, another showing Trump hauling US companies that have outsourced manufacturing abroad and a tweet claiming that “only true Americans can see that president Trump is making America great.”

[CNN]

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