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117th Congress: DEMS IN DISARRAY!!!111!!

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  • So the IRS is having banks report transactions of $600 or more.

    In a couple months that'll be paying the monthly winter heat bill, or filling up the gas tank, or going to the grocery store. :-(

    https://apnews.com/article/business-...77eccd6294d01b
    The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

    North Dakota Hockey:

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    • Originally posted by FadeToBlack&Gold View Post
      I don't think it's unreasonable to support a lifetime two-term limit for Senators - 12 years in one public office is plenty. I'd probably leave Reps as-is.
      May I amend that to 12 years total in Congress (House and Senate)? 16 years total (2 House terms + 2 Senate terms)?

      Either way, I can agree with you on your base premise.
      The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

      North Dakota Hockey:

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      • Originally posted by The Sicatoka View Post
        So the IRS is having banks report transactions of $600 or more.

        In a couple months that'll be paying the monthly winter heat bill, or filling up the gas tank, or going to the grocery store. :-(

        https://apnews.com/article/business-...77eccd6294d01b
        If you're not doing anything illegal, why are you worried? [/conservative talking point when discussing the PATRIOT Act]

        Did you know that banks and financial institutions already report interest income greater than ten dollars to the IRS? Now you do.



        The language, as it stands, says that the banks/financial institutions would track and submit to the IRS about total inflow AND outflow of every account with a balance of 600 or more at any point in the year, or with at least that much in transactions going through the account all year.

        So... pretty much everyone. As it is, they already report to the IRS any transaction over $10k in an effort to combat money laundering.

        The $600 amount seems flexible, with banks wanting a much higher number because, as one article quoted the Consumer Bankers Association: "The fact that raw data exists somewhere in a system does not mean it is easily compiled or produced." Potentially some banks would pass the cost of mining this data on to the customers.


        I get there are terrible ideas, but if scaring the rich into paying their fair share helps, then why not. Set a high threshold and go from there. Is $600 right? It's probably way too low, but how about some compromise instead of just poo-pooing the idea right out of the gate?
        “Demolish the bridges behind you… then there is no choice but to build again.”

        Live Radio from 100.3

        Comment


        • Originally posted by The Sicatoka View Post

          May I amend that to 12 years total in Congress (House and Senate)? 16 years total (2 House terms + 2 Senate terms)?

          Either way, I can agree with you on your base premise.
          I'd be fine with ~25 years in US Federal elected service (if elected position goes over the ~25 years, they can complete the term).

          But, it's a 20 year hard ban on working for a lobbyist in Washington DC. I'd also venture to throw a ban for a few years on them working for *any* entity that has a contract with the US govt or is directly involved in the three branches of government.
          “Demolish the bridges behind you… then there is no choice but to build again.”

          Live Radio from 100.3

          Comment


          • Originally posted by dxmnkd316 View Post
            Serious question. What do term limits actually buy?
            They completely deliver the government into the hands of lobbyists and industries that write their own regulations.

            "For every complex problem there is an answer that is clear, simple, and wrong."
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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            • Originally posted by FadeToBlack&Gold View Post
              What really needs to happen is a Constitutional amendment to abolish the Senate.
              Fixed.
              Cornell University
              National Champion 1967, 1970
              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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              • Originally posted by Kepler View Post

                Fixed.
                How dare you interfere with the sovereignty of arbitrary lines drawn throughout the country.

                Cornell '04, Stanford '06


                KDR

                Rover Frenchy, Classic! Great post.
                iwh30 I wish I could be as smart as you. I really do you are the man
                gregg729 I just saw your sig, you do love having people revel in your "intelligence."
                Ritt18 you are the perfect representation of your alma mater.
                Miss Thundercat That's it, you win.
                TBA#2 I want to kill you and dance in your blood.
                DisplacedCornellian Hahaha. Thread over. Frenchy wins.

                Test to see if I can add this.

                Comment


                • Huh. Seems totally normal for a moderate Democrat embroiled in the middle of legislature....

                  “Ms. Sinema’s office declined to say how long she would be abroad, what countries she was visiting, how the trip was being paid for and whether she was doing any additional fund-raising for her own campaign. “ https://t.co/dkBCFaJlj9
                  “Demolish the bridges behind you… then there is no choice but to build again.”

                  Live Radio from 100.3

                  Comment


                  • Originally posted by dxmnkd316 View Post
                    Serious question. What do term limits actually buy?

                    im just not convinced they're going to provide the solutions people think they will. If anything, you've got new people more susceptible to corporate bribes.
                    Lobbyists that sit in the Capitol who end up writing bills because they're still there when the politicians leave. It's accomplished nothing in Michigan through 30 years.
                    "I went over the facts in my head, and admired how much uglier the situation had just become. Over the years I've learned that ignorance is more than just bliss. It's freaking orgasmic ecstasy".- Harry Dresden, Blood Rites


                    Western Michigan Bronco Hockey- 2012 Mason Cup Champions

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                    • Kinda my thoughts too
                      Code:
                      As of 9/21/10:         As of 9/13/10:
                      College Hockey 6       College Football 0
                      BTHC 4                 WCHA FC:  1
                      Originally posted by SanTropez
                      May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                      Originally posted by bigblue_dl
                      I don't even know how to classify magic vagina smoke babies..
                      Originally posted by Kepler
                      When the giraffes start building radio telescopes they can join too.
                      He's probably going to be a superstar but that man has more baggage than North West

                      Comment


                      • Originally posted by bronconick View Post

                        Lobbyists that sit in the Capitol who end up writing bills because they're still there when the politicians leave. It's accomplished nothing in Michigan through 30 years.
                        And the ones that 'retire' end up being on a lobbiest payroll soon after. Anti-Lobby bans are the biggest joke of them all.
                        Let's Go Broncos!

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                        • Originally posted by aparch View Post
                          Huh. Seems totally normal for a moderate Democrat embroiled in the middle of legislature....

                          “Ms. Sinema’s office declined to say how long she would be abroad, what countries she was visiting, how the trip was being paid for and whether she was doing any additional fund-raising for her own campaign. “ https://t.co/dkBCFaJlj9
                          She probably has a fundraiser in Russia...
                          "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                          -aparch

                          "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                          -INCH

                          Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                          -ScoobyDoo 12/17/2007

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                          • Originally posted by aparch View Post
                            Huh. Seems totally normal for a moderate Democrat embroiled in the middle of legislature....

                            “Ms. Sinema’s office declined to say how long she would be abroad, what countries she was visiting, how the trip was being paid for and whether she was doing any additional fund-raising for her own campaign. “ https://t.co/dkBCFaJlj9
                            This woman is seriously evil.

                            Comment


                            • Originally posted by aparch View Post

                              If you're not doing anything illegal, why are you worried? [/conservative talking point when discussing the PATRIOT Act]

                              Did you know that banks and financial institutions already report interest income greater than ten dollars to the IRS? Now you do.



                              The language, as it stands, says that the banks/financial institutions would track and submit to the IRS about total inflow AND outflow of every account with a balance of 600 or more at any point in the year, or with at least that much in transactions going through the account all year.

                              So... pretty much everyone. As it is, they already report to the IRS any transaction over $10k in an effort to combat money laundering.

                              The $600 amount seems flexible, with banks wanting a much higher number because, as one article quoted the Consumer Bankers Association: "The fact that raw data exists somewhere in a system does not mean it is easily compiled or produced." Potentially some banks would pass the cost of mining this data on to the customers.


                              I get there are terrible ideas, but if scaring the rich into paying their fair share helps, then why not. Set a high threshold and go from there. Is $600 right? It's probably way too low, but how about some compromise instead of just poo-pooing the idea right out of the gate?
                              The Patriot Act was an ultimate misnomer.

                              The $600 number is so low that it reads like a publicity stunt for attention. It'll ultimately get the full language struck due to public uproar ... which almost feels like its true purpose. (And the rich stroll away happy and untouched, but politicos can claim they tried.)
                              The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

                              North Dakota Hockey:

                              Comment


                              • Originally posted by aparch View Post

                                I'd be fine with ~25 years in US Federal elected service (if elected position goes over the ~25 years, they can complete the term).

                                But, it's a 20 year hard ban on working for a lobbyist in Washington DC. I'd also venture to throw a ban for a few years on them working for *any* entity that has a contract with the US govt or is directly involved in the three branches of government.
                                Change your "25" to "20" in two places and I'm in.
                                The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

                                North Dakota Hockey:

                                Comment

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