12/19/17: The
GOP tax reform package moves to a vote in the U.S. House of Representatives.
Trump is busy trying to convince the public that the new tax rules are going
to be terrible for his bottom line. Almost anyone with a third-grade math
background can see this isn’t even close to true.
The top tax rate will fall from
39.6 % to 37 %, so that someone pulling in $50,000,000 just by raising fees at
Mar-a-Lago (see 11/23/17), and not making a penny in any other way would
get a tax cut of $1.3 million.
You might remember when
Candidate Trump complained that hedge fund managers were not paying their share in taxes. They were
“getting away with murder.”
The new GOP tax plan leaves the way open for hedge fund
managers to keep committing murder.
 |
It costs a small fortune to join the club at Mar-a-Lago, but membership includes a huge tax cut! |
POSTSCRIPT: By a
60% to 27% margin, Republican voters think the tax reform bill will help the
middle class more than the wealthy.
Independents say the reverse:
28% expect it to help the middle class more, 64% say it will help the wealthy
more.
Democrats say the wealthy will
gain more by a 95% to 4% margin.
A new poll shows that 55% of Americans oppose the plan in
its entirety and only 33% approve.
___
12/20/17:
Republicans celebrate a huge tax victory for the superrich and promise trickle
down benefits for everyone else. Once interested in fiscal restraint, GOP
lawmakers go all in on deficit spending.
Ironically, Brock Long, the head
of FEMA and a Trump appointee, admits his agency is out of money. Many workers have
reached caps on overtime pay. Congress apparently believes federal workers
should toil extra hours for free. Meanwhile, who needs to keep an eye on crooked businesses? Under emergency
contracts, FEMA is coughing up $969 to have private companies haul away a
single ruined refrigerator. Before all the recent hurricanes it would have cost
$100.
___
12/21/17: Obamacare
is not “imploding” as the Groper-in-Chief has said repeatedly. In an enrollment period shortened by half, and
purposely designed to ensure enrollment fell, so the Groper could keep
insisting Obamacare was dead, a total of 8.8 million Americans signed up
for health insurance.
Two red states led the
enrollment boom with Florida first (1.7 million) and Texas second (1.1
million).
No comments:
Post a Comment