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

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In other news, a single poll (NPR/PBS News Hour/Marist) finds 42% of people think Democrats are the biggest threat to democracy, 41% Republicans, and 8% don’t know. Bless it.
 
psych said:
In other news, a single poll (NPR/PBS News Hour/Marist) finds 42% of people think Democrats are the biggest threat to democracy, 41% Republicans, and 8% don’t know. Bless it.
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Yeah, this isn't a surprise. Let's face it. The Republicans lie about everything and white people just eat it up.
 
psych said:
Apparently he wants more “clarity” on how a bill that’s fully paid for will affect our national debt. Between that and his question about work requirements for paid work leave, I’m wondering if the engine is running, but no one’s behind the wheel. So, apparently no dice on a vote this week.
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That is quite the flub. Whoever is writing this crap for him needs to be fired.
 
psych said:
Apparently he wants more “clarity” on how a bill that’s fully paid for will affect our national debt. Between that and his question about work requirements for paid work leave, I’m wondering if the engine is running, but no one’s behind the wheel. So, apparently no dice on a vote this week.
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Yet no one demanded that for Trump's Tax Bill. Seriously, fuck this shit. This is bullshit.
 
Right. I realize that in a world where everything was ducky under Trump and is now ruined under Biden, logic is irrelevant
 
Drew S. said:
Why would small money donors be giving money to her when she was just elected last fall? It’s a nonsensical comparison. That publication is as wacky as any on the right.
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You hate outside money. Are you ok with it now that it’s for your dusty master?
 
The Sicatoka said:
First, banks report $10k transactions. Now the talk is reporting of $600 transactions. That may just be a red herring...
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Speaking from professional experience, the Fed mandated tracking their customer’s account number, the receiving institution, the country of origin of the receiving party, and a few other things. It all stems from the PATRIOT Act, and tied into anti-money laundering functions of the bank. Each and every transaction that contains a dollar value is vetted, not just savings and checking account transactions.
 
St. Clown said:
Speaking from professional experience, the Fed mandated tracking their customer’s account number, the receiving institution, the country of origin of the receiving party, and a few other things. It all stems from the PATRIOT Act, and tied into anti-money laundering functions of the bank. Each and every transaction that contains a dollar value is vetted, not just savings and checking account transactions.
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Sic is wrong - they are not looking at individual transactions but an aggregate. Secondly they don't have the manpower to give a shit about anyone that should have aggregates even as low as $600. The freaking slippery slope whining from people like Sic is astounding.
 
I copy this verbatim from another site although no link was provided. Is this as accurate as proclaimed?

A former economic adviser to President Obama ripped House Democrats' plan to give a tax cut to millionaires, especially those in high-tax blue states, calling the proposal "obscene."

Jason Furman, president of the Council of Economic Advisers (CEA) under former President Obama, lambasted the Democrats’ plan to repeal a cap on state and local tax (SALT) deductions, pointing out that multimillionaires would benefit the most from lifting the SALT cap.

The Trump-era Tax Cuts and Jobs Act capped the SALT deduction at $10,000, but House Democrats are pushing to lift the cap for five years, which would overwhelmingly benefit wealthy individuals in states with high income tax rates.

Rep. Josh Gottenheimer, D-N.J., in a Tuesday tweet vowed that the SALT "deduction will be in the final legislative package" for Democrats' social spending bill.

"We are going to get this done," he wrote.

"My guess is the majority of Americans have a net worth of $50 to $300 million would get a tax cut under the Build Back Better plan with a full repeal of SALT," Furman wrote on #Twitter@$ Tuesday.

BIDEN: ‘THINGS ARE A HELL OF A LOT BETTER’ THIS YEAR, DESPITE INFLATION SURGE

"The bill would do more for the super-rich than it does for climate change, childcare or preschool," Furman continued. "That’s obscene."

Furman also indicated that some "billionaires would get a net tax cut from Build Back Better [and] SALT repeal" and that he hasn’t "run the numbers on net worth but the SALT deduction is worth much more than any of the tax increases for people making up to $10 million."

"If your wealth is $200m then your income is likely to be below about $10m," the former CEA president. "Under the SALT provision [and] the rest of the bill households making up to about $40m annually will get a net tax cut."

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan nonprofit "committed to educating the public on issues with significant fiscal policy impact," wrote about the conundrum facing Democrats on a policy that would lower taxes on the rich instead of raising them.

The CRFB's analysis noted that "a two-year SALT cap repeal — if included — would reduce taxes on the top 5 percent of earners by over $70 billion in FY 2023."

"The result would be a $30 billion net direct tax cut for those in the top 5 percent when SALT cap repeal is in effect. Those in the top 1 percent would also face a net tax cut, though we have not estimated the magnitude," the analysis noted.
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Slap Shot said:
I copy this verbatim from another site although no link was provided. Is this as accurate as proclaimed?
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Accurate as hell. I’ve been railing about it for a while. Called out Gottheimer a few weeks ago about it. Schumer is in on it. And Pelosi I believe. It’s an embarrassment as a party. I understand protecting your constituents, but man, how hypocritical do we look as a party adding that sh-t into the reconciliation bill?

Edit: I think the current deal is for 6 years of SALT repeal, and then starting it again in 2026 or something like that.
 
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