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What is the current status of the Federal Reserve audit?
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You can find the highlights of GCA Forums Headline News on February 12th, 2025, below:
GCA Forums Headline News Summary
Day by Day with President Trump:
- Monitor the progress, activities, and actions being executed by President Trump.
Elon Musk and DOGE:
- An Elon Musk update.
- Elon Musk, the Head of the Department of Government Efficiency (DOGE), has “found” hundreds of millions that were perhaps not unaccounted for.
- He sounded the alarm for possible laundering or theft alongside the audacious claim of so many powerful elected officials whose figures do not match their net worth.
Pardoning Rod Blagojevich:
Former Illinois Gov. Blagojevich received a pardon from Trump, who is now considering appointing Blagojevich as the U.S. ambassador to Serbia.
Immigration Enforcement:
The Trump Administration’s Tom Homan, along with Homeland Secretary Kristi Noem, have stepped up deportation efforts for illegal aliens.
AG Nominee Pam Bondi has defunded several sanctuary cities and is preparing to sue the mayors and governors of these regions.
Economic Policies:
Trump is focusing on tariffs in China, Canada, and Mexico.
The Federal Reserve Board will also be opened for a complete audit to check for the alleged taxpayer’s money.
Political Controversies:
- New rumors have come out about Pennsylvania Governor Josh Shapiro being involved in the assassination attempt of Trump.
- Under Trump’s Orders, All Federal Charges Against New York City Mayor Eric Adams Were Dropped.
Weather Update:
Freezing temperatures, accompanied by snow and other severe weather, are projected in Chicago and 25 other states.
Economic Indicators:
Gold and silver are at all-time highs, while inflation and interest rates remain steady at their peaks.
Expect these and other developments in upcoming GCA Forums News articles.
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ICE is estimating 700 plus arrests per day since President Trump authorized Border Czar Tom Homan to start raiding major cities throughout the United States.
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Carolyn Kennedy is the daughter of former President John F. Kennedy and brother of the late John F. Kennedy, Jr. Carolyn Kennedy is also the cousin of Robert F. Kennedy, Jr. Robert F. Kennedy, Jr. is the son of the late Robert F. Kennedy, who is John F. Kennedy’s brother. President Donald J. Trump nominated Robert F. Kennedy, Jr.,, as the nominee for Secretary of the United States Health and Human Services. Carolyn Kennedy is adamantly against her cousin, Robert F. Kennedy, Jr., becoming confirmed as the U.S. Secretary of Health and Human Services. Carolyn Kennedy has written to a group of Senators that her cousin, Robert F. Kennedy, will not make a competent Secretary of Health and Human Services and even went as far as calling Robert F. Kennedy, Jr., a predator. Does anyone have any information concerning her strong defamation of her cousin RFK, Jr. and her allegations that RFK, Jr. is a predator?
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What are the biggest obstacles to implementing these policies?
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Can you provide examples of specific policies to mitigate climate change?
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Trump and his administration believe climate change is a conspiracy theory. Is global warming real or just a money-making conspiracy theory?
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The current administration of President Donald Trump has initiated policies to lower mortgage rates and, subsequently, affordable housing.
Here are the key initiatives:
Collaboration with the Federal Reserve
Adjustments on the Interest Rate:
- Trump’s administration is seeking an adjustment in interest rates from the Federal Reserve, which could directly lower mortgage rates.
- This also comprises meetings with the chairman of the Federal Reserve, Jerome Powell, to ensure that the monetary policies tend towards affordable housing.
Increased Access to FHA Loans
FHA Loans Revamped:
- This allows for easier home purchasing and expands the purchase of homes for first-time buyers by offering lower down payments and interest rates through their Federal Housing Administration (FHA) loans.
Streamlining Regulations
Reduction of Bureaucracy:
- Trump has also proposed easing trivial regulations restricting the housing market.
- This includes streamlining mortgage approval and easing compliance requirements for lenders.
Support for Housing Development
Providing Incentives For Builders:
- Utilizing new legislation that enables the construction of new homes in economically booming regions.
- This would include tax breaks for the developers and easing some zoning laws.
Tax Reforms
Renewed Deduction Policies:
- Revised policies to increase the tax benefits gained concerning the mortgage interest deductions will make owning a property more appealing.
Encouraging State-Level Initiatives
Support for Local Programs:
- Motivating states to formulate self-standing programs for homebuyers, such as local tax breaks and down payment assistance programs.
Addressing Homeowners Insurance Challenges
Insurance Market Reforms:
- Improving the homeowner’s insurance industry by emphasizing a ‘no left behind’ policy in higher-risk areas.
Outreach and Education
Homebuyer Education Programs:
- Implement programs geared towards educating prospective homeowners on their options and the mortgage process.
- The policies attempt to mitigate the challenges Americans face with high mortgage rates and home affordability.
Focusing on working with the Federal Reserve, changing regulations, and aiding the construction of homes highlights the administration’s objectives more: ensuring people have the resources to own their homes.
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As of January 2025, several states in the U.S. are considering abolishing or significantly altering property taxes.
Let’s take a look at some of the more recent efforts undertaken in the country:
North Dakota
Governor Kelly Armstrong has suggested a plan to eliminate property taxes on primary residences by using the $11.5 billion legacy fund alongside the state’s oil tax revenues. This initiative seeks to remove the aforementioned taxes within ten years, beginning with a yearly cut of $1,550 on taxes owed in North Dakota. Unfortunately, local officials have raised concerns over how practical this solution is.
Florida
State Representative Ryan Chamberlin introduced a bill to analyze the viability of eliminating property taxes. This measure is described as the first step of many and emphasizes the state’s conversations around tax reform.
Kansas
Due to homeowners’ increasing woes due to climbing property taxes, lawmakers have started a special session to discuss the introduction of an annual ceiling on property taxes.
Michigan
A measure called “AxMiTax” has been proposed to eliminate property taxes on homeowners and businesses. Proponents of this argument state that drastic actions need to be taken to keep residents in the state given the sky-high cost of living and attract businesses.
Despite this, critics have concerns about financing public services without revenue from property taxes.
Colorado and Georgia Voters in these states have the authority to decide on other measures that seek to limit public revenue from property taxes to mitigate what has been termed “taxation without representation” regarding the burdens most homeowners suffer.
Challenges and Considerations
The other side of the coin of why homeowners want to remove property taxes is that it creates other gaping holes:
Revenue Replacement
Services such as education, infrastructure, and public safety that rely heavily on property taxes must be replaced with something else.
Economic Impact
Raising income or sales tax means lower living standards for those already struggling.
Political Feasibility
Stakeholders must agree that most tax change proposals will include cuts to public services. Many states consider lessening or removing property taxes, but each has economic and political issues. These strategies will succeed or fail depending on the balance between the need to reduce taxation and fulfill the essential public service obligations.