Democratic Party Tax Increase

[Glennfs]

https://www.msn.com/en-us/news/politics ... r-AA10kaPs

The CBO has said it will have little to no effect on inflation.
While being a disincentive for business expansion.
Way to go liberals another victory for the glorious cause.

[ProfX]

First off, Prima Donna Sinema is already insisting the carried-interest provision has to go.
https://www.businessinsider.com/tax-pro ... ema-2022-8

Someone's gotta think of the hedge fund managers.

CBO says it will reduce the deficit. Don't take my word for it.

Not the government, says, :
https://www.kiplinger.com/taxes/605016/ ... -and-taxes

The first piece of relatively good news for most of us is that if the Inflation Reeducation Act becomes law, it is not designed to increase taxes on small businesses or on families that make $400,000 or less.

[snip][end]

https://www.vox.com/policy-and-politics ... duce-biden

Rakeen Mabud, chief economist of the Groundwork Collaborative: The first thing to say is that big public investments, like those contained in this bill, are good for the economy, full stop. So I think the real sort of standout here in the short term is bringing down health care costs. Health care costs are important because they put a massive strain on family budgets. Starting to bring those costs down will significantly ease people’s ability to live a good life and ability to participate in the economy.

[snip]

Rakeen Mabud: I think rather than listening to just me, we just saw a letter with 126 top-tier economists, from folks like Joe Stiglitz, Nobel Prize-winning economist Robert Solow, who built the Solow growth model. So 126 of these really prominent economists have sent a very strong letter to Majority Leader Schumer and Minority Leader McConnell and Speaker Pelosi and Minority Leader McCarthy, [saying] that these investments will fight inflation and lower costs for folks, and set us up for a healthy economy going forward. I think that’s, to me, a really powerful rebuttal.

[snip][end]

Will it reduce inflation overnight? No, there's no magic wand for that. It will do so more persistently over time, over the next few years.

I know what they named the bill. It's because of what everybody's most focused on. Whatever. All in all though, 126 economists - independent of the gov't - analyzed the bill, and concluded that overall it's good for the economy, even if the immediate impacts on inflation won't be dramatic. Thing is, nothing other than global miracles are going to push inflation down dramatically overnight. And nobody's magic wand can do that.

The Federal Reserve's policies will be the most important here. Ironically, but true, you have to slow growth to fight inflation, and so, of course, this is the new talking point, but it's happening. They gotta walk the line between slowing inflation, and pushing us into recession.

More important - IMHO - is it's the first significant piece of climate mitigation to come out of Congress in a while, and that's good - I don't give an F what they call the bill, that's all marketing. Flooding, drought, hurricanes, heatwaves, and disasters have an economic impact; and while they would happen without climate change, scientists know it is making them worse.

[carmenjonze]

https://www.msn.com/en-us/news/politics ... r-AA10kaPs

The CBO has said it will have little to no effect on inflation.
While being a disincentive for business expansion.
Way to go liberals another victory for the glorious cause.

Hi, Lost Cause Guy.

You belong to the party of Ralph Norman, Jack Posoniec, Alex Jones, Donald Trump, Gym Jordan, Ron DeSantis, Mike Petrouka, and Paul Gosar.

Go research what Marjorie Taylor Greene and Lauren Boebert are doing about inflation and get back to us.

[ZoWie]

The glorious cause?

The only people I see that are on a crusade right now are the neo-Nazi white supremacists waving their AR-15s and Tiki torches at news cameras and chanting about killing everyone who isn't a white Protestant. They seem to have all set their clocks back 100 years.

[Number6]

https://www.msn.com/en-us/news/politics ... r-AA10kaPs

The CBO has said it will have little to no effect on inflation.
While being a disincentive for business expansion.
Way to go liberals another victory for the glorious cause.

According to your link, the Joint Committee on Taxation says there are between 100 and 125 corporations that paid an average 1.1% on their profits. The bill, if passed and signed into law, would require corporations to pay a minimum of 15% on their profits.

So you're against corporations paying a minimum tax? The average tax rate for Americans is about 14% so why shouldn't corporations, whom conservatives claim are "people," pay at least the same amount?

[carmenjonze]

First off, Prima Donna Sinema is already insisting the carried-interest provision has to go.
https://www.businessinsider.com/tax-pro ... ema-2022-8

Someone's gotta think of the hedge fund managers.

Lol
__________

Daniel Kibblesmith
@kibblesmith

Kyrsten Sinema looks like every elementary school teacher who was fun on the first day and then emotionally abusive every day after

https://twitter.com/kibblesmith/status/ ... 8520451072

[Libertas]

Carried interest loophole survives again thanks to a Koch Senator.


https://www.bloomberg.com/news/articles ... st-dropped

Remarkable how someone who comes right out and admits they care SOLELY for billionaires can be successful in American politics.

[gounion]

Ah yes as always Glenn is here to shill for the rich and corporate. He's so damned concerned for their welfare.

[Libertas]

Ah yes as always Glenn is here to shill for the rich and corporate. He's so damned concerned for their welfare.

Brain washing like nothing we have seen in history.

Like LBJ said

President Lyndon B. Johnson once said, “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

Board cons entire identity in America is this person LBJ talks about...and when the adults, us, point it out to him, he gets even more hunkered down in his belief.

[Glennfs]

Hi, Lost Cause Guy.

You belong to the party of Ralph Norman, Jack Posoniec, Alex Jones, Donald Trump, Gym Jordan, Ron DeSantis, Mike Petrouka, and Paul Gosar.

Go research what Marjorie Taylor Greene and Lauren Boebert are doing about inflation and get back to us.

I would do that but you know how lazy us white devils are

[carmenjonze]

I would do that but you know how lazy us white devils are

"Devils" are a theological concept. Devils do not exist.

Being a lazy, manipulated, conservative white backlash voter is a choice, however. You don't have to live that way.

You're a Freedom Caucus constituent. Show us where Andy Biggs, Mo Brooks, Gohmert, Ralph Norman, Greene, Boebert, or any of those unhooded KKK are doing anything about inflation.

Second request.

[gounion]

I would do that but you know how lazy us white devils are

The right is doing nothing but bitching. They have no plans at all, except for banning abortion, gay sex, gay marriage and contraception, and bringing Donald Trump back to completely destroy our nation.

[carmenjonze]

The right is doing nothing but bitching. They have no plans at all, except for banning abortion, gay sex, gay marriage and contraception, and bringing Donald Trump back to completely destroy our nation.

And banning books.

And non-existent school curricula.

Then this clown-car passenger runs over here and sez it's the left that can only run on "social issues."

They're that petty.

[Libertas]

The right is doing nothing but bitching. They have no plans at all, except for banning abortion, gay sex, gay marriage and contraception, and bringing Donald Trump back to completely destroy our nation.

Its worse than that, they not only have NO agenda at all for the American people or the economy, the ONLY thing accomplished by trump was a devastating to everybody tax cut for the rich.


In one day Biden and Harris do more for the economy and people than trump did total 4 yrs.

What does every statistic prove, Democrats save the economy every time and repubs destroy it, every time.

[Glennfs]

The right is doing nothing but bitching. They have no plans at all, except for banning abortion, gay sex, gay marriage and contraception, and bringing Donald Trump back to completely destroy our nation.

And since the left has taken power everything they have touched has turned to a shitshow
Failure after failure
Economy
Education
Military
Border
Energy
Inflation
Everything failure after failure

[carmenjonze]

And since the left has taken power everything they have touched has turned to a shitshow

All you guys have to run on is CRT, trans girls on the sports team, gay books in the library, and riling up the hayseeds about all the sluts getting abortions after being raped by conservative men.

That's it.

What is your Free Dumb Caucus rep Ralph Norman doing about:

Economy
Education
Military
Border
Energy
Inflation

Fourth time asking. If you don't have an answer, just say so, and then I can stop asking.

[gounion]

And since the left has taken power everything they have touched has turned to a shitshow
Failure after failure
Economy
Education
Military
Border
Energy
Inflation
Everything failure after failure

Guess you didn't see the jobs report.

And he's done a pretty damned good job in dealing in foreign affairs. Unlike Trump. But that's who you want back.

Your side has no agenda for any of this, BTW.

[ProfX]

Throwing out a list of words doesn't establish anything. How did the Biden admin turn those things into a shitshow?

Don't f'n cite his low approval rating. I know it. It still doesn't answer my question.

IMHO, it's Republicans, mostly on the state level, that are turning education into a shitshow in this country.

[gounion]

He wants us to elect a Republican Congress and Senate.

Glenn, tell me why, for instance, Georgians should elect nutjob Hershel Walker over Senator Warnock, who has done an excellent job for the state. Warnock has proved to be a savvy and intelligent Senator. Hell, he's even worked in a bipartisan manner with Senator Ted Cruz!

Your party is FULL of Trumper nutjobs, with even more running this cycle. Why should we give the GOP any power whatsoever, when that power will be wielded by the Walkers and Boeberts?

[Glennfs]

Guess you didn't see the jobs report.

And he's done a pretty damned good job in dealing in foreign affairs. Unlike Trump. But that's who you want back.

Your side has no agenda for any of this, BTW.

First as you know I do not want trump back.
Foriegn affairs what a joke it is just another failure

[Glennfs]

Ah yes as always Glenn is here to shill for the rich and corporate. He's so damned concerned for their welfare.

So why are you supporting a tax which the CBO says will not reduce inflation and will hurt business growth and investment

[Number6]

Throwing out a list of words doesn't establish anything. How did the Biden admin turn those things into a shitshow?

Don't f'n cite his low approval rating. I know it. It still doesn't answer my question.

IMHO, it's Republicans, mostly on the state level, that are turning education into a shitshow in this country.

glenn thinks we should just take his word for what he says but the fact is is glenn is a self-admitted liar who continuously gets caught lying and when asked to provide a link to back up his lies he runs away or ignores answering. Why, because glenn just parrots what he's told by Fox News and never questions what or why they say what they're saying.

[gounion]

First as you know I do not want trump back.
Foriegn affairs what a joke it is just another failure

Oh? He's done a great job with the Ukaine - if YOUR party were in power, We would have troops HELPING Putin. And he's handling the China situation like an adult, not like idiots on the right.

If you don't want Trump back, why are you voting for his lackies? Why do you support him in each and every way?

[gounion]

So why are you supporting a tax which the CBO says will not reduce inflation and will hurt business growth and investment

Yeah, I support a minimum tax on corporations. Why don't you?

[Libertas]

threads started by righty with untrue or misleading comments are ignored by me