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yaesu

yaesu's Journal
yaesu's Journal
November 4, 2020

Biden Total 30K over tRump now in MI, kicking butt with still votes to count in blue Wayne County

tRump won by 10k in '16 so definitely pissing tRump off bigly.

November 3, 2020

So, seven tRump counties in Penn said tonight that they will not count absentee ballots until

the 4th, according to Maddow right now, even though all other counties will be counting them on the 3rd. These seven counties went for tRump in '16, I smell a RICO case in the making!

November 2, 2020

Republicans, Not Biden, Are About to Raise Your Taxes, tRump built in tax increases beginning in2021

The Trump administration has a dirty little secret: It’s not just planning to increase taxes on most Americans. The increase has already been signed, sealed and delivered, buried in the pages of the 2017 Tax Cuts and Jobs Act.

President Trump and his congressional allies hoodwinked us. The law they passed initially lowered taxes for most Americans, but it built in automatic, stepped tax increases every two years that begin in 2021 and that by 2027 would affect nearly everyone but people at the top of the economic hierarchy. All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019.

For most, in fact, it’s a delayed tax increase dressed up as a tax cut. How many times have you heard Trump and his allies mention that? They surmised — correctly, so far — that if they waited to add the tax increases until after the 2020 election, few of the people most affected were likely to remember who was responsible.

Looking at the analyses of the nonpartisan Congressional Budget Office and the Joint Committee on Taxation at the time the December 2017 tax bill was enacted, we see very clearly how different income groups are affected by the Trump tax plan. And it’s disturbing.

The current poverty line for a family of four is $26,200: People with incomes between $10,000 and $30,000 — nearly one-quarter of Americans — are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax “cut” was passed. The C.B.O. and Joint Committee estimated that those with an income of $20,000 to $30,000 would owe an extra $365 next year — these are people who are struggling just to pay rent and put food on the table.

Of course, the poor have never mattered much to the Republican Party, but those on the edge of poverty have been particularly hard hit by the pandemic and the recession it has caused, so Trump’s planned tax increases seem especially heartless, and impractical, when you consider that their higher tax payments, while a huge burden for them, will add little to the budget.

https://www.nytimes.com/2020/10/31/opinion/republicans-biden-taxes.html

Profile Information

Name: Lou
Gender: Male
Hometown: Michigan
Home country: USA
Current location: Behind enemy lines in W MI
Member since: Sun Jan 27, 2019, 12:44 AM
Number of posts: 8,020

About yaesu

all russian bots & anti progressives will be blocked
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