The Misbegotten Policies of the Second Trump Administration

Discussion in 'Politics' started by gwb-trading, Nov 9, 2024.

  1. The US Naval Academy removed nearly 400 books from its Nimitz Library after receiving orders from the Trump administration to remove materials related to diversity, equity, and inclusion. This action led to the removal of books on topics like racism, the Holocaust, and LGBTQ+ rights, as well as works by authors like Maya Angelou.
    Elaboration:
    The removal of these books was prompted by Defense Secretary Pete Hegseth's office, which directed the academy to review and remove materials promoting DEI. The Trump administration's push for the removal of DEI content in federal agencies led to similar actions in other military libraries, including the Army and Air Force.
    The Naval Academy's decision to remove these books has been met with criticism, with some viewing it as a form of ideological censorship and an assault on DEI policies. The academy, however, defended its actions by stating that the removal was part of an effort to ensure compliance with executive orders and to focus on developing midshipmen for their future careers.
     
    #201     Apr 17, 2025
  2. So trump says he tried his best to end the way between Russia and Ukraine and if both sides do not end it soon US will move on.....

    So Russia invades Ukraine and rather than push Russia to stop the invasion and war, we are expecting Ukraine to simply give in and end the war, trump avoids any tariffs on russia because supposedly there are sanctions, and US will simply move on....

    I thought the war would have never started if trump was president yet he has no power to force it to stop unless ukraine gives up?

    the art of the fucktard
     
    #202     Apr 18, 2025
    Atlantic likes this.
  3. gwb-trading

    gwb-trading

    Department of Injustice planned to shutter internal tax enforcement division then realized they could use it to harass and oppress enemies.

    BREAKING: DOJ Scraps Plan to Shutter Tax Division
     
  4. gwb-trading

    gwb-trading

    Basic policy lesson -- if your tax collecting government entity is not staffed sufficiently to collect taxes then you will not be collecting the expected amount and your budget will have a huge gap.

    Trump's 'attack' on the IRS could cost the government $1 trillion, former Treasury Secretary says
    https://www.msn.com/en-us/money/tax...on-former-treasury-secretary-says/ar-AA1DpY7u
    • Ex-Treasury Secretary Larry Summers said Trump's IRS cuts could cost the government $1 trillion.
    • A Yale economist told BI that his estimate is conservative, and actual losses could top $2 trillion.
    • Trump has ordered sweeping cuts at the IRS to increase "efficiency and effectiveness" at the agency.
    On Tuesday, former Treasury Secretary Lawrence Summers said that Donald Trump's "misguided, wanton attack on the IRS" could cost the government $1 trillion over the next decade.

    As part of his aggressive cost-cutting strategy, Trump has ordered sweeping cuts at the Internal Revenue Service to increase the agency's "efficiency and effectiveness." These layoffs include a 75% reduction in the IRS's Office of Civil Rights and Compliance, which is responsible for investigating complaints of discrimination against taxpayers.

    The statutory body has also experienced repeated leadership shake-ups since Trump took office. Five different people have held the role of acting commissioner since January, including three different people during tax week alone.

    Summers, who served as Treasury Secretary under Bill Clinton's administration, told Bloomberg's David Westin that Trump's efforts to cut IRS staff are "threatening the basis of our tax system, which is based on voluntary compliance" and described the president's approach in leading the agency as "raw incompetence."

    "I'd be surprised if we're not on a path to sacrificing more than $1 trillion of revenue over the next decade because of this misguided, wanton attack on the IRS," Summers said.

    Natasha Sarin, the president and cofounder of the Budget Lab at Yale, told Business Insider that Summers' estimate is conservative, and the losses may top $2 trillion.

    "The reality is that we have a very large gap in this country between taxes that are owed and taxes that are collected," Sarin said, estimating that this year there will be about $700 billion in taxes that are owed but won't be collected, due to filers failing to report or under-reporting their taxes.

    While intended to streamline IRS functions, Trump's cuts hamstring the agency's ability to appropriately audit the nation's tax filings and, because the IRS is responsible for collecting about 96% of the total federal revenue, may prevent the agency from collecting the revenue that builds schools and roads and covers a large portion of our defense spending, Sarin said.

    "The effect that happens when you don't do tax enforcement is kind of like not having traffic cops on the roads in that there's a direct effect," Sarin said. "There are fewer tickets or fewer audits that are done, then there's less revenue that comes but there's also this really important behavioral effect: if you know that there is a traffic camera, you're more likely to obey the speed limit — and the same thing happens with the tax code."

    A recent Budget Lab report estimated that if the IRS shrinks by 50% — a workforce decrease of about 50,000 people — the losses will amount to $395 billion in forgone revenue over a 10-year window. But if the lack of IRS resources substantially increases noncompliance among filers, the net revenue loss could rise to $2.4 trillion over 10 years.

    While Sarin said she was "cautiously optimistic" when Trump took office because the idea of making the IRS more efficient is not "especially partisan," she said the administration's sweeping cuts have been puzzling and amount to "fundamentally, the destruction of the tax system."

    "There's no way to argue that this is effective in any way," Sarin said.

    Representatives for Summers and the White House did not immediately respond to requests for comment from Business Insider.
     
  5. gwb-trading

    gwb-trading