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POSTED ON November 28, 2017  - POSTED IN Guest Commentaries

In all of the talk about tax reform, nobody is considering the more fundamental problem facing America – the size and scope of the federal government.

Peter Schiff has described the Republican tax plan as “tax cuts masquerading as reform.” When it’s all said and done, Americans aren’t going to get tax relief. They are going to get big government on a credit card. The balance will come due down the road.

The real issue is the total cost of government. In an article originally published on the Mises Wire, Ryan McMaken argues that if Republicans really want to ease the burden of government, they need to cut spending.

POSTED ON November 21, 2017  - POSTED IN Key Gold Headlines

Last week, the House passed its version of “tax reform,” along party lines. The final vote came in at 227-205, with the entire Democratic caucus opposing the bill. Thirteen Republicans joined the Democrats in voting no.

The debate now shifts to the Senate where things will likely become more contentious. Wisconsin Republican Sen. Ron Johnson has already announced he opposes the current Senate plan. And the Senate bill differs from the House version – significantly putting off corporate tax cuts for a year. If the Senate can get something passed, the two chambers will have to figure out a compromise plan.

Peter Schiff has been saying the Republicans aren’t even really attempting to reform the tax system. He called the GOP plans “tax cuts masquerading as reform.” Peter is not alone in this thinking.

POSTED ON October 30, 2017  - POSTED IN Key Gold Headlines

There’s a lot of optimism out there that passage of the Trump tax plan will juice the economy. Many analysts say tax cut optimism is one of the factors that continue to push stocks up, and that has created headwinds for gold and silver. But as we’ve pointed out, there are reasons to question this mainstream narrative.

Now some in the mainstream are even starting to question the mainstream narrative.

POSTED ON October 12, 2017  - POSTED IN Key Gold Headlines

After some gains last week, the dollar has shown weakness in recent days. In his most recent podcast, Peter Schiff said he thinks part of the dollar weakness is because the reality is starting to set in when it comes to tax cuts.

In the first place, it remains uncertain whether or not Congress can even get anything done. Obamacare repeal 3.0 went down in flames last month, and Republicans have shown few signs of being able to come together to pass significant legislation such as tax reform.

But as Peter pointed out, there is a more fundamental problem with the Trump tax cut proposal.

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