Our President is Transforming Our Trade Deficit In Asia & Has Put Himself In A Win-Win Scenario With the Tax Reform Bill………………….

The CBO has just released the score for the House Tax Reform Bill. Please keep in mind that their score does not look on the revenue side of what would occur if the bill is passed. Our President has completely put himself in a win-win situation no matter what occurs to Tax Reform.

http://thehill.com/policy/finance/359353-gop-tax-bill-would-add-17-trillion-to-debt-cbo

From the article linked above:

The GOP’s tax bill would add $1.7 trillion to the national debt over the course of a decade, and increase the country’s debt-to-GDP ratio by 5.9 percentage points, according to the Congressional Budget Office.

The CBO analysis relied on the Joint Committee of Taxation’s finding that the bill would cut revenues by $1.4 trillion, which falls within the level Republicans allowed themselves in their budget resolution. Still, the additional cost of debt servicing would mean that the overall debt would increase by $1.7 trillion.

The GOP allowed themselves up to $1.5 trillion of deficit increases over a decade in their budget. Despite the additional costs of servicing debt, the tax plan stays within the bounds, which means Republicans will still be able to pass the bill through budget reconciliation, a procedure that only requires a simple majority to pass in the Senate.

Our President has been turning the screws on the countries he has visited so far. Going into the trip, we had the following trade deficit with four of the countries he will visit:

Japan 🇯🇵- $65 Billion
South Korea 🇰🇷 – $27 Billion
China 🇨🇳 – $350 Billion
Vietnam 🇻🇳- $32 Billion

We went into this trip with a $474 billion dollar deficit with China, Japan, South Korea and Vietnam.

I really think we are going to hear an incredible agreement has been reached with China that will absolutely eat into the trade deficit that we currently have. We know that our President was able to accomplish that in Japan and South Korea by getting both countries to purchase billions of dollars of our military weaponry and our LNG.

From Japan I found the following:

http://www.wbur.org/npr/562269137/trump-during-visit-to-japan-talks-trade-and-north-korea

Abe said Japan would buy Lockheed Martin’s F-35A fighter jets.

“The prime minister of Japan is going to be purchasing massive amounts of military equipment,” the president said.

“We make the best military equipment by far.”

“It’s a lot of jobs for us and a lot of safety for Japan,” he said.

Abe said that Japan also needed to improve the quantity and quality of its naval forces. “In that process we will be buying more from the U.S., that is what I am thinking.”

The sale of military equipment to Japan is one way the Trump administration hopes to narrow the $69 billion trade gap between the two countries.

From South Korea I found the following:

http://www.breitbart.com/national-security/2017/11/07/trump-south-korea-agrees-tremendous-u-s-weapons-purchases/

From the article linked above:

“We agreed to push forward our cooperation at an unprecedented level to bolster Korea’s self-defense capabilities,” Moon affirmed.

While the two heads of state did not specify what equipment South Korea would purchase, an unnamed “senior presidential official” in Korea told Joongang that the technology in question includes “nuclear-powered submarines … discussed for some time and advanced reconnaissance assets,” as well as some other “advanced strategic assets.”

Another South Korean news service, Yonhap, echoes that report, stating that the South Korean government is seeking “spy satellites to help monitor the North’s nuclear and missile activities. It is also studying the feasibility of introducing nuclear-powered submarines.”

China just hours ago signed 19 agreements at a ceremony attended by U.S. Commerce Secretary Wilbur Ross.

http://wishtv.com/2017/11/08/us-chinese-companies-sign-contracts-during-trump-visit/

From the article linked above:

U.S. and Chinese companies have signed business deals the two sides say are valued at $9 billion during a visit by President Donald Trump, in a tradition aimed at blunting criticism of Beijing’s trade practices

That deficit will be drastically improved because we have an AMERICA FIRST PRESIDENT!

The reason our President is in a win-win with the Tax reform Bill is the fact that he has single handedly gotten our GDP humming at around 3.0%+ per quarter by cutting massive regulations and unleashing our Energy dominance. In many ways that was his plan for 2017.

As we get ready to roll into 2018, our President will continue to build on the cutting of regulations and our Energy dominance. However, as you can see from what I wrote above, he is also going to narrow the trade deficit gap with the four Asian countries totaling $474 billion dollars as well as killing NAFTA which cost our country another $80 billion dollars with (Mexico {majority of trade deficit} and Canada). If our President is able to cut the entire trade deficit in half with the 4 Asian countries and Mexico/Canada, you are talking about saving close to $275 billion dollars in our favor plus the billions upon billions of dollars our companies will be getting for their products.

That alone will add another 2% to our GDP by 2nd and 3rd Quarters in 2018. If the Republicans decide to kill his Tax Reform Bill, once again they can’t take an ounce of credit for where the Economy is. Our President can use that narrative to ask Americans to vote out Rhinos but more importantly kill Incumbent Democrats in the 10 states that he won that are up for reelection in the Senate in 2018. The House will be protected because they will have passed both the Repeal and Replace for Obamacare and the Tax Reform Bill.

If the Republicans realize that the time has now come to get behind the agenda and pass Tax Reform, our President will allow them to take the credit for getting the GDP from 3% to 5% as we get closer to the 2018 Elections. He and us at CTH will know the truth that they had nothing to do with it because it will take a few years to see the movement from the Tax Reform Bill in our GDP but he and us won’t care because the agenda is FINALLY being pushed!

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