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45's/Republican's Budget(s)


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#1 sierraleone

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Posted 24 May 2017 - 02:09 PM

We don't have a thread on the Federal Budget, and that story, if not gaining steam now, should be so in the nearish future.

It has been touched on in various threads as bits and pieces of proposals have come forward.
The winners in the proposed Trump budget, as I understand it? Defence, Border Wall, traditional infrastructure. (I say traditional, as in meaning roads and ports and stuff, but there is significant stuff that I'd call infrastructure that they it seems do not).

It basically guts most every conceivable program for the health and welfare of American people, from health-care, to education, to various anti-poverty efforts, to environmental protections, and has been described as draconian.

Basically, if one didn't already know it, compassionate conservatism appears dead. At least compassion for poor people, but compassion for rich people is alive and well. Compassionate conservatism has been forgotten in the coma ward and is on life support as its distant relations nonchalantly talk over, not whether, but when to pull the plug….

POTUS's budget directory, Mick Mulvaney, has basically said that we need to have compassion for the people who pay taxes, that this is a "taxpayers first" budget. And it would be more compassionate to get recipients off government programs off of them… how? By cutting the programs out from under them while they are still needed?

I wonder if the deep cuts Trump is proposed will be used to soften the blow when somewhat smaller cuts are proposed by the Republicans….
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#2 sierraleone

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Posted 04 July 2017 - 05:57 AM

I read this article on WaPo on the threat that Trump/Republicans pose to Legal Aid.

In his Skinny Budget Trump had proposed eliminating funding for this completely. Republicans apparently are thinking about cutting it 25%, rom $385 million to $300 million.

Someone might say, well, don't have legal problems, and, what, think legal problems only results from criminal activity?

Quote

Profoundly physically disabled, Ledgerwood participates in these activities only through the help of two government-funded programs that are now on the chopping block: Medicaid and legal aid.
​….
At 2, Ledgerwood was diagnosed with cerebral palsy, which left him unable to walk, stand, bathe himself, eat or use the bathroom without assistance.
….
In Ledgerwood’s case, the state has consistently determined that he qualifies for 56 hours of [home] care, the maximum.
At least, it did until last year.

That’s when the Arkansas Department of Human Services abruptly cut Ledgerwood’s weekly hours nearly in half, despite the fact that his medical needs had not changed.
​….
This cut would devastate the family’s precarious finances. His mother contemplated returning to work and sending Ledgerwood to a nursing home.

“That would destroy my life,” he says in no uncertain terms. Fiscally minded voter that he is, he adds that institutionalization would also cost the state multiple times more money than family-provided home care.
Alongside six other plaintiffs with disabilities, Ledgerwood sued the state — and won. The case is currently on appeal.
….
In the past year, 7 in 10 low-income families experienced at least one civil legal problem, according to a recent University of Chicago NORC survey done for the Legal Services Corporation. Such problems include foreclosures, domestic violence (getting a restraining order, for example), custody disputes, debt repayment or neglectful landlords. The elderly, rural residents and veterans — all core components of the Republican base — are especially well-represented in this population.
​….
For now, Ledgerwood still supports Trump (“He reminds me a lot of Ronald Reagan”) and remains confident that his president and his party will have his back.

But, he says, “If I lose my lawyer and my services, I may feel a little differently.”

So, not only is Trump/Republicans planning on further marginalizing disadvantaged populations, but trying to make it more difficult (in fact, probably impossible for many) to pursue a remedy via the legal system….. Not to mention, if you have a life issues that you would or should pursue remedy through the legal system, well suck it up and figure out how to resolve it out of court. And if the other party doesn't play ball, good luck enforcing your rights on your own.

Edited by sierraleone, 04 July 2017 - 05:59 AM.

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#3 gsmonks

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Posted 05 July 2017 - 12:17 AM

At the top of the list, when it comes to the US economy, is that most of what drives the US economy is fake, as in doesn't produce anything. Currency trading, the stock market, interest-generated money,  investing in gold, derivatives (side-bets on economic trends), to name just a few of the worst offenders.

Most (some would say all) of the markets are gerrymandered to artificially inflate the value of things: housing, real estate, commodities, even currencies.

Trump's Wall falls into this category of money pit. It doesn't serve any useful purpose, it doesn't produce anything, it's expensive, and compares to little, except, perhaps, unnecessary cosmetic surgery, to which I'd add remember what happened to Joan Rivers, victim of her own vanity.

Even in its most innocuous form, as a symbol, it takes away from society as it bolsters ugly racial stereotypes and bigoted social myths.

Trump's proposed Defense spending is a cringeworthy example of paranoia plus unnecessary spending that will be economically destructive, which will ironically make people less, not more safe.

Infrastructure spending (aka "public works projects) was a big part of Depression-ravaged countries trying to spend their way out of the economic slump, back in the 1930's. Much of the Western World's iconic architecture was built as a reaction to the Depression.

Here is a timely and informative expose on the subject:

https://mises.org/bl...ot-grow-economy

. . . and another . . .

http://www.heritage....ost-the-economy
Capitalism is a pyramid scheme run by the 1%.

#4 sierraleone

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Posted 26 October 2017 - 03:47 PM

Republicans in the House have passed a budget blueprint with a bare majority+1, so that they don't need 60 votes in the Senate to pass it.

http://www.slate.com...rm_process.html

Edited by sierraleone, 26 October 2017 - 03:53 PM.

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#5 sierraleone

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Posted 03 November 2017 - 03:49 PM

Anyone read about the disgusting Republican tax plans, to take care of the wealthy and corporations? Which would explode the deficit that the GOP couldn't stop whining about for 8 years? And that many changes would benefit Trump and his business interests and his family?

Highlights of the GOP plan to overhaul the tax code?
The Republican tax plan puts rich donors ahead of working families
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#6 sierraleone

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Posted 01 December 2017 - 02:07 PM

GOP tax bill will probably be voted on and the GOP is confident they have in the senate the 50 votes they need to pull it off. John McCain has said he is supporting the bill… What a maverick…. Does he actually believe regular order was followed sufficiently, or that the bill, which he said is flawed, if good enough? Or is he thinking of the estate he will be leaving his heirs?
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#7 sierraleone

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Posted 02 December 2017 - 05:54 AM

Early Saturday morning the Republican majority senate passed the wealthy tax break bill (and greatly increasing the deficit) 51 to 49. They did not need Mike Pence, the one lone GOP hold out was Bob Corker (Tenn). There was a flurry of last minute admendments, but considering the core substance of the bill I doubt it made it that much more palatable.

It still has to be reconciled with the house. Or the house could decide to accept it exactly as is, not wanting to risk trying to pass a new version through the senate.

It repeals the individual mandate of the ACA. So if it gets signed by Trump expect premiums to soar at a faster pace in the future, faster than Trump's actions to date so far have caused it, as presently healthy people leave the health insurance market. It is expected to leave about 13 million more uninsured (so those GOP senators that wouldn't outright repeal the ACA have gutted the ACA).

Though they did have to use Mike Pence to insert an amendment to the bill.

https://www.washingt...m=.68754c4425f9
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#8 Themis

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Posted 03 December 2017 - 10:03 AM

Yay Corker.  If they manage to get a tax bill signed this year, when would it go into effect?
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#9 sierraleone

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Posted 03 December 2017 - 02:01 PM

^ per the article corporate taxes would be schedule due to go from 35% to 20% effective 2019. I don't know about other changes.
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#10 sierraleone

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Posted 04 December 2017 - 09:50 PM

Found a WaPo tool Will taxes got up for you income group because of the Republican tax plan

From Nov 2 found a WaPo Analysis on Tax breaks, deductions and credits - Which income groups benefit which can give people an idea of what kind of tax changes can help/harm which groups of people.
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#11 gsmonks

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Posted 05 December 2017 - 02:19 PM

The Repellicans have passed something. The 1% is no doubt celebrating.
Capitalism is a pyramid scheme run by the 1%.

#12 sierraleone

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Posted 15 December 2017 - 05:38 PM

View PostThemis, on 03 December 2017 - 10:03 AM, said:

Yay Corker.  If they manage to get a tax bill signed this year, when would it go into effect?

Appears Corker has lost his spine (maybe it was on loan?). None of his demands on deficit have been meet.

WaPo: Republicans have votes to pass tax plan after Rubio, Corker pledge support.

That article also says the changes will go into effect in January! Presumably next month:

Quote

The House and Senate plan to vote on the tax bill next week, clearing the way for President Trump to sign it into law. Many of its changes — lower tax rates and fewer deductions — will go into effect in January, though it will likely take some time for the economy to adjust.

Edited by sierraleone, 15 December 2017 - 05:55 PM.

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#13 gsmonks

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Posted 15 December 2017 - 05:48 PM

I wish there was at least one honest news outlet. CNN is compromised by corporate lies (aka "the most trusted name in news"), surrogate trolls, and pairs of extremist trolls from both sides that waste everyone's time talking past one another.
Capitalism is a pyramid scheme run by the 1%.

#14 sierraleone

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Posted 15 December 2017 - 09:08 PM

WaPo: The final GOP tax bill, explained

Quote

Here's a rundown of what's in the final bill.

What is changing

A new tax cut for the rich: [individuals]

A massive tax cut for corporations: Starting on Jan. 1, 2018, big businesses' tax rate would fall from 35 percent to just 21 percent….

You can deduct just $10,000 in state, local and property taxes:

Working-class families get a bigger child tax credit:

The individual health insurance mandate goes away in 2019:

You can inherit up to $22 million tax-free:

“Pass through” companies get a 20 percent reduction:

No corporate “AMT” tax: [AMT = Alternative Minimum Tax]

Fewer families will have to pay the individual AMT:

The mortgage interest deduction gets smaller:

What is NOT changing:

The bill keeps in place the student loan deduction, the medical expense deduction and the graduate student tuition waivers.

Retirement accounts such as 401(k) plans stay the same.

Churches, synagogues, mosques and other nonprofits (the Johnson Amendment stays in place) can't get political and endorse candidates in elections. Trump and conservative Republicans wanted to “totally destroy” (Trump's words) the Johnson Amendment….

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#15 sierraleone

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Posted 16 December 2017 - 10:47 AM

WaPo: The essential tradeoff in the Republican tax bill, in one chart

It also details the tricks the Republicans are using to partly offset the loss of Revenue from the corporate tax cuts with stealth increases on individuals and families.

First is repealing the individual mandate, which reduces government expenses (freeing up the budget for the corporate tax cuts
If less people sign up for the ACA then less people are going to get ACA subsidies and the health care that goes along with it.

Second is that the bill changes the way tax brackets are tied to inflation, meaning middle/low income people will enter the next tax bracket sooner than under the old way tax brackets were calculated.

Third is that the individual tax cuts they are doing have an expiration date in the bill, while the corporate taxes do not.
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#16 sierraleone

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Posted 17 December 2017 - 07:23 PM

It appears that McCain will not be present to vote, as he has returned to Arizona to recuperate with family during the holidays, per WaPo.

I don't think this will change things, but this does make the math for passage tighter.

In a standard 100 seat Senate, 51 votes are needed to pass. In the case of a 50-50 vote the Vice President cast a vote to break the tie.

When all 100 Senators are available the Republicans just need 50 votes from their 52 Republican Senators, since the Vice President is a Republican and assumed to be a reliable vote. So they could loose 2 votes and still pass their bills, but not 3.

When only 99 Senators are available a vote of 50-49 is a pass, so tie-breaking Pence is superfluous. Since the Republicans have a missing senator they need 50 votes out of their 51 available Republican Senators. So they can loose 1 vote but not 2.

There is another Republican Senator (Thad Cochran, R - MS) dealing with maladies (non-melona skin surgery) that some have suggested could end up keeping him from attending the Senate for votes in the next week. But that doesn't change the math, because loosing 1 vote out of 50 when 50-48 is a pass puts them in tie, 49-49, which Pence will break. Still would need 2 Republican Senators to reject this bill for it to not pass.

It is more than before though. Before 3 Republican senators had to vote against this wealth-care tax bill for it to fail. Now it is 2.

ETA: And in 2018 it will be only 1 votes the Republicans can loose when trying to pass bills, even if everyone is present, as it will be 51 Republicans verses 49 Democrats, with Jones (D - AL) replacing Strange (R - AL). Loosing 1 vote will cause it to tie up and they will be fine because of Pence. They loose 2 it is game over. Subtract 1 absent Republican they won't be able to loose a single Republican. Not that I am hopeful any cowardly Republicans will grow spines...

Edited by sierraleone, 17 December 2017 - 09:52 PM.

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#17 sierraleone

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Posted 19 December 2017 - 05:00 PM

So the House has passed it. Looks like the Senate hopes to vote on it tonight.

ETA: The house vote was 227 to 203. Zero Democrats supported it, but 12 Republicans voted No too.  
Of the 12 Republicans that voted No 11 of them represent districts in New York, New Jersey, or California. Those states are expected to be hit hard by the decrease in the state and local tax deduction.

Protesters were present during the vote, sometimes interrupting the proceedings and escorted out.

The 12 Republicans Represenatives who voted No:
CA:
Darrell Isa
Dana Rohrabacher
NJ:
Rodney Frelinghuysen
Leonard Lance
Frank LoBiondo
Christopher Smith
NY:
Dan Donovan
John Faso
Peter King
Elise Stefanik
Lee Zeldin
NC:
Walter Jones

Here is a WaPo tool that allows you to put what your state/marital status/income/how much you itemize or not, and figure out whether you will likely have a tax cut or tax increase for the year 2018. Thought remember there are temporary tax cuts for individuals, so a tax cut isn't necessarily here to stay.

Edited by sierraleone, 19 December 2017 - 05:29 PM.

Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#18 sierraleone

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Posted 20 December 2017 - 03:44 PM

After having to tweak 3 small details of the tax bill to meet the Byrd Senate rule, the Senate pass the tweaked bill yesterday, and the House passed the tweaked bill today, and it goes to Trump to sign. It appears the the same GOP Representatives, per the previous post, that voted No on the untweaked version yesterday voted No on the tweaked version today.
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#19 gsmonks

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Posted 21 December 2017 - 02:28 PM

There will be blood.
Capitalism is a pyramid scheme run by the 1%.

#20 Lord of the Sword

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Posted 21 December 2017 - 04:02 PM

Fist things first, there are some things in the tax reform bill I'm not wild about. There are also some things in it I love, but here's my question for those against the tax reform: Why? Yes, it could've been better, but it is still something. The middleclass tax cuts aren't as much as you would like? That's fair, I would've like the middleclass cuts to be more also. But it is still something. You would've like to see the tax cuts for middleclass permanent? So would I, but it is still something.

The wealthiest get more of the tax breaks, granted. However, I point to this: https://www.funnyand...-economics.html

Do you really want to get rid of that 10th man, the one that was paying the Lion share of the drinks? Where will your jobs be then? your paycheck? Going to someone else, overseas perhaps?

True, the tax reform bill isn't perfect, but it is still something. The middleclass does get something back, however small you might think it is, it is still something.

I'm also not wild about the provision that allows drilling in Alaska. But if having that in the bill means I get some more of my own money back, then so be it.

What's the alternative? Not giving tax breaks to the American people? Not letting people, and yes even the wealthy ones, keep some of their own money.

I also love the fact that the individual mandate has been repealed. Government shouldn't be forcing people to buy a consumer product.

I did try a google search to try and compare the tax reform bill we have that will be law to the Democrat's tax plan...only I couldn't find the Democrat's tax plan proposal. Anyone know where it is?
"Sometimes you get the point of the sword, sometimes the edge, sometimes the flat of the blade (even if you're the Lord of the Sword) and sometimes you're the guy wielding it. But any day without the Sword or its Lord is one that could've been better  " ~Orpheus.

The Left is inclusive, and tolerant, unless you happen to think and believe different than they do~ Lord of the Sword

Looks like the Liberal Elite of Exisle have finally managed to silence the last remaining Conservative voice on the board.

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