When St. Louis voted itself out of St. Louis County in 1876 it became an “independent city” with city & county elected offices. In the years since this has produced conflicts as “county” office holders are elected independently and don’t answer to the mayor or aldermen. Sometimes lawsuits are filed.
A lawsuit that’s been moving steadily through the courts since January questions whether the Parking Commission of St. Louis should even exist under Missouri’s constitution. In August, a member of that commission — Jeffrey Boyd, who heads the board’s streets, traffic and refuse committee — became a plaintiff suing the state and the city. Another plaintiff in the suit is James J. Wilson, the former city counselor under Mayor Vincent C. Schoemehl Jr. (Post-Dispatch)
The court case ix 1722-CC00338 – JAMES WILSON ET AL V CITY OF ST LOUIS ET AL (E-CASE). It can be found on Missouri Case.net. This bags the question about who should be in charge of parking and the revenues it generates?
December 29, 2017Featured, Site InfoComments Off on A Review of Posts From 2017
This is the next to last post for 2017. Including a new poll on Sunday, I will have posted 190 times this year. Today I’ve listed a quarter of these — from each month — as my favorite posts for 2017. The reasons why I selected each vary, but I think they represent why I continue writing this blog — now in its 14th year.
December 27, 2017Featured, TaxesComments Off on Opinion: Tax Bill Xmas Gift a Lump of Coal for Many
The recent non-scientific Sunday Poll asked about the Fair Tax Act of 2017. I made it the Xmas-eve poll topic because of the president characterizing it as a gift.
It’s a gift alright…for the wealthy. For the rest of us it appears like a gift…but within a decade it turns to coal.
In trying to justify the Republican tax bill, conservatives are quoting Bernie Sanders, of all people. The problem is that they’re taking the Vermont senator out of context.
In an interview last week, CNN’s Jake Tapper asked Sanders, “Next year, 91 percent of middle-income Americans will receive a tax cut. Isn’t that a good thing?”
“Yeah, it is a very good thing, and that’s why we should have made the tax breaks for the middle class permanent,” Bernie replied. “But what the Republicans did is make the tax breaks for corporations permanent, the tax cuts for the middle class temporary.” (Conservatives take Bernie Sanders out of context to justify their tax bill | Salon)
Yes, those cuts designed to thrill Trump’s base are minor and temporary. He’ll be out of office before they realize what happened..if they realize it even then.
The Tax Cuts and Jobs Act of 2017 has nothing to do with economics. It is pure politics. Economists struggling to understand the unwieldy legislation are like biochemists attempting to explain contemporary ballet. Nobody seriously believes that the bill will boost growth. Everybody knows that it will massively increase the deficit; the only argument is whether it will be by $1.5 trillion, or just $1 trillion. The legislation has been drafted at breakneck pace, with few opportunities for costings or analysis: a recipe for errors. Senator Elizabeth Warren joked that she spent more time choosing her new refrigerator than the Senate managed for tax reform. (The new tax plan is the worst Christmas present for the middle class | Brookings)
Me in front of the White House, October 2001. I wore a watch and on my belt a case for a point & shoot camera!
But it’ll help the middle class…
There are elements of the bill that help middle-class Americans. It nearly doubles the standard deduction—the amount taxpayers can deduct from the annual income figure on which they’re taxed—to $24,000 for families and $12,000 for individuals. At the behest of Sen. Marco Rubio (R-FL), the final version of the bill hikes the child tax credit, allowing parents to subtract $2,000 per child from your tax bill. (Both changes are temporary, set to expire along with the individual tax cuts in 2025.)
But ultimately this is a bill for businesses and the people who own them. “The most important part of this tax reform is the corporate tax reform,” says Dr. Wayne Winegarden, an economist with the Pacific Research Institute, a free-market think tank. “How each individual is going to fare will depend on their unique circumstances.”
Many small businesses in the United States known as “pass-through” companies—after the way income “passes through” to their owners—are currently taxed as individuals. The tax bill will grant these businesses a 20% deduction. But the jury is out on whether the windfall for businesses will contribute to significant economic growth as Republicans claim, or whether corporations will pump their profits into hiring more employees.
Many know trickle-down doesn’t work…just look at Kansas for a recent example:
For five years, Kansas’s Republican governor, Sam Brownback, conducted the nation’s most radical exercise in trickle-down economics — a “real-live experiment,” he called it. He and the GOP-controlled legislature slashed the state’s already-low tax rates, eliminated state income tax for most owner-operated businesses and sharply reduced vital government services. These measures were supposed to deliver “a shot of adrenaline into the heart of the Kansas economy,” Brownback said.
It ended up being a shot of poison. Growth rates lagged behind those in neighboring states and the nation as a whole. Deficits mounted to unsustainable levels. Services withered. Brownback had set in motion a vicious cycle, not a virtuous one.
Many of you will likely be giving and/orreceiving gifts today. Some of those gifts may include jewelry.The following post was started about two months ago, it seemed appropriate to finally finish it for today.
Like many, my husband and I are fans of PBS’ Antiques Roadshow program. We watch each new episode and, if nothing else is on, we’ll watch a repeat. Such was the case on Saturday October 14th. That night we watched the 2nd of a 3-part program from Detroit (Season 18 Episode 5). When it started I didn’t anticipate it would take me on a long dive into St. Louis history..but one appraisal did just that.
The appraisal titled 1900 Diamond Brooch with Dranwing was brought in by a man whose grandfather had it custom made in 1900 for his grandmother. His grandparents were living outside of Cincinatti but commissioned a jeweler in St. Louis. Appraiser Peter J. Shemonsky says “they were a very well-respected and well-know jeweler at the time period.” On the internet I quickly find the segment to watch again so I can catch the jeweler’s name.
Receipt from E. Jaccard Jewelry Co
So I have the name and location (Olive and Sixth), should be easy, right?
At the age of eleven, David began serving his apprenticeship to the watchmaker’s trade. After his graduation he taught school for a year and then came to the United States to join his relatives Louis and Eugene Jaccard, who were already in business in St. Louis. Louis founded the house under the name of Jaccard & Recordon. Six years later Eugene Jaccard became a partner in the firm, the name of which was changed to Jaccard & Co. In 1844 they sold their establishment, but regained possession of it a year later. Eugene became the sole owner in 1849. In 1853 he admitted to partnership with him A. S. Mermod, and in 1855 D. C. Jaccard, under the firm name of E. Jaccard & Co. The business was continued under this name until 1862. D. C. Jaccard and A. S. Mermod then joined forces and purchased a jewelry establishment under Odd Fellow’s Hall in St. Louis, founding what became one of the most famous jewelry houses in the United States. In 1873 the firm name was changed to Mermod, Jaccard & Co., followed by the name of Mermod & Jaccard Jewelry Company in 1883. The house had its own watch manufactory in Switzerland as well as in Paris and various other cities in Europe.
In 1868 Mr. Jaccard was appointed vice-consul for Switzerland in St. Louis and later acted as consul for that country for two years. During the Civil War, as treasurer of the “Societe du Sou par Semaine,” he distributed over twenty thousand dollars to relieve the wants of those who suffered from the effects of the great struggle then going on, without regard to their sympathies either with the North or the South.
E. Jaccard Jewelry Company Building – Eames and Young … Washington University in St. Louis E. Jaccard Jewelry Company Building – Eames and Young Architectural Photographs. This building was located on the northeast corner of Broadway and Olive, the future location of the National Bank of Commerce Building, then the Monward Realty Company Building.
But wait, this 1880 photo indicates it’s located on the NE corner of Broadway & Olive. Broadway is the name used instead of 5th. I hope to learn more about St. Louis’ famous jeweler. Since this post was started we’ve seen another segment with an item from Jaccard — see 1898 Kansas City Fire Chief Presentation Badge.
I’m no stranger to famous local jewelers, everyone who’s lived in Oklahoma City knows BC Clark Jewelers has been around since 1892 — 15 years before statehood. Megan Mullaly even sang their jingle to Jay Leno. I’d still like to know what happened to the Jaccard store.
December 24, 2017Featured, TaxesComments Off on Sunday Poll: Tax Cuts Bill a Great Xmas Gift for the Middle Class?
Please vote below
On Friday President Trump signed a bill making major changes to our tax code.
The bill reduces the corporate tax rate to 21 percent from 35 percent and supporters argue that will make U.S. business more competitive overseas. Many pass-through businesses also receive a 20 percent deduction.
It lowers individual tax rates, including trimming the top bracket to 37 percent from 39.6, while doubling the standard deduction and replacing personal exemptions with a $2,000 partly refundable child tax credit. The law eliminates various deductions while limiting others on state and local taxes and mortgage interest. (NBC News)
Earlier last week Trump had this to say about the bill:
“They’re going to start seeing the results in February. This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans. I said I wanted to have it done before Christmas. We got it done,” Trump said. (ABC News)
With Christmas tomorrow I thought I’d ask readers their view of the bill.
AARP Livibility Index
The Livability Index scores neighborhoods and communities across the U.S. for the services and amenities that impact your life the most
Built St. Louis
historic architecture of St. Louis, Missouri – mourning the losses, celebrating the survivors.
Geo St. Louis
a guide to geospatial data about the City of St. Louis
Richard Serra’s ‘Twain’ Is 35, Remains Unloved By Most St. Louisans…Including Arts Patrons
Crossing Hampton At Elizabeth
Taco Bell Sans Drive-Thru
Opinion: St. Louis Should Legalize Marijuana
