Now if you adding in taxing hedge funds for all of the Fed pumping then we would be really getting somewhere. This has been the biggest unaccountable wealth transfer in American history. Perhaps using that tax for mortgage payments on those in arrears may be a better solution.
The republicans got the bill read aloud but none of them were there when the reading ending so democrats moved for unanimous consent to cut debate on the bill from 20 hours to 3 for a net gain of 7 hours off passage.
I'm collecting it. If the government is giving me free money I'm taking it. I'll probably make even more than $1400 from it since there will be a significant amount of people who just can't wait to throw their $1400 checks away on Robinhood. Even though it's benefitting me now, I just don't think it's good government policy. At some point the debt has to matter. It's now 125% of GDP, surpassing the highest in history (end of WWII). I'm not convinced we are going to be able to grow out of it like we did in the 50's. Don't get me wrong, I'm for ending the special treatment the super wealthy get on taxes. Basically none of them pay ordinary income tax. However, I'm commenting on this topic at hand.
Yes. A big win for democrats who do not want a lot of attention or discussion focused on 90% of the American Covid Pork Program.
Out of the senate we go. People are mad at Joe Manchin, not me though. No sir-ee. If Manchin is the Democrats biggest problem going forward, then they are lucky. Imagine if democrats hadn’t won those two Georgia seats or if Manchin were a Republican. We’d be in a situation where the Republican Senate would be starving the country.
Yeah, no. Biden campaigned on this bill. Republicans are getting run over. Imagine if Trump had gotten legislation for a wall Mexico would pay for in his first 50 days. Big win for Biden. Republicans are eating shit right now.
Millions of republicans who voted against Biden and Congressional Dem candidates sitting at home on pins and needles waiting for the stimulus check or to know if their unemployment would be renewed.
He barely made any changes to the bill. Just wanted to say I stood tough to Biden, I'm independent, back home. If they raise taxes I hope they leave the ordinary income tax rates alone. 37% is a high enough rate. It's really 39.35% with the Medicare tax. Luckily I live in FL, but in some states the effective top tax rate is over 50%. They should look to cut the loopholes the ultrawealthy take advantage of. I think a FTT is a leftist pipedream. No way they get all the Democrats on board with it.
Yeah no. Biden campaigned for lots of things but not with a strategy of porking them on to an allegedly covid-specific bill. He will get away with some things but after he has done the mega-give-away in the first 100 days he will have exhausted his only trick which is to give away free stuff. For example, he keeps saying that that big multi-trillion dollar infrastructure bill is coming too. Yeh, good luck with that. He played a lot of his only cards by doing mega-pork with the covid bill. His plan is to argue that improving our infrastructure is what needs to be done to compete with the Chinese and they are out biggest competitor (he is pretending to worry about the chinese because his handlers have told him that that is necessary) and he thinks he is a genius by cloaking the infrastructure need as necessary to fight the Chinese. Yeh, okay. And then his handlers and supporters want the reparations cash too. As I said, Joe will be okay as long as he keeps the free stuff flowing. And you can argue that they have the votes so what am I going to do about it. True. Except, how many spare votes did they have today, such that you dont need to worry about future resistance once they see how the covid pork programs rolls. I mean the part outside the 10% of the bill that is actually helpful and directed toward covid relief. Give it a month. Joe will be up to his arse in caravan invasions and will anger people if he does not stop it and will anger people if he does. Handing out citizenship to dreamers is one thing, but handing out citizenship like candy to anyone who gets here is another matter. So yeh, Joe will be all set as long as he is seen as Santa Clause and has the money and the citizenship to offer like candy, but when he gets to the end of that game he will have to rely on his smarts to get by. Let us agree that the idea of Joe relying on his smarts is not a prescription for success. We might have some nasty Joe Biden variants of covid crop up too. Won't that be a bitch. Andrew Cuomo had his little time in the sun too. Howz that workin out?