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

[The Sicatoka]

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 Sicatoka]

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.

[aparch]

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?

[aparch]

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.

[Kepler]

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."

[Kepler]

What really needs to happen is a Constitutional amendment to abolish the Senate.

Fixed.

[French Rage]

Fixed.

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

[aparch]

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

[bronconick]

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.

[dxmnkd316]

Kinda my thoughts too

[Bronco]

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.

[Handyman]

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...

[FadeToBlack&Gold]

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.

[The Sicatoka]

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 Sicatoka]

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.