Grind for March 9th
“Each of us has a fire in our hearts for something. It’s our goal in life to find it and keep it lit.” – Mary Lou Retton
Trump Threatens Tax-Exempt Status, Funding for Radical Left Universities
President Trump on Friday said he is telling the Treasury Department to look into the tax-exempt status and the funding of “universities and school systems” over alleged left-wing bias, saying that children should not be “indoctrinated.”
“Too many Universities and School Systems are about Radical Left Indoctrination, not Education,” Trump said in a pair of tweets. “Therefore, I am telling the Treasury Department to re-examine their Tax-Exempt Status… and/or Funding, which will be taken away if this Propaganda or Act Against Public Policy continues. Our children must be Educated, not Indoctrinated!”
Republicans have long railed against alleged left-wing indoctrination in public schools and universities, citing “free speech zones,” cases of professors and administrators showing hostility toward conservative students, and saying that in many cases faculty donate overwhelmingly to Democratic politicians and left-wing causes.
But it’s unclear what exactly Trump was referring to in his tweets and it’s also unclear whether he would be able to follow through on the threat. An attempt to remove the tax-exempt status of universities over political grievances could run into constitutional issues, and public school systems are largely funded by state and local taxes.
It’s also unclear what exactly prompted Trump to make the threat on Friday, but the tweets come as he is engaged in rhetorical sparring with teachers unions, which have resisted his push to get children back into schools with few if any restrictions or anti-coronavirus measures. Read more…
Republicans Moving Toward Supporting Another Stimulus Package
Senate Republicans have indicated they may be willing to pass another stimulus measure that would include individual payments to Americans.
But the GOP is balking at another $2 trillion going out the door, so they are looking for ways to reduce that figure to less than $1 trillion.
One way to do that is to limit stimulus payments to those Americans making less than $40,000 a year. It’s a dubious proposal because Democrats in the House won’t sign on to it. But it’s a starting point for negotiations.
And with states dramatically slowing down or pulling back on reopening their economies because of coronavirus hot spots driving the infection rate up, both sides may feel more like negotiating later this summer when the economy begins to sputter.
Those $1,200 payments went to individuals making up to $75,000 and couples earning up to $150,000 per year. The amount was then reduced incrementally for incomes up to $99,000 for individuals and $198,000 for couples, above which it was completely phased out.
In a CNBC interview on Thursday, Treasury Secretary Steve Mnuchin declined to comment on the proposed $40,000 threshold. Read more…
GOOD TO THE LAST DROP:
Did you know… Mr. Potato Head was the first toy to be advertised on TV.