Dems getting tax-hike anxiety

[Mac1958]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GOP in that area. Mod edit: Do not refer to them as GQP. It violates the Clean Start Policy and has been requested before

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

 

[Votto]

Moderate democrats?

Mwhahahaha!!

Enjoy the stagflation rubes

Oh, and learn to speak Chinese, that is, if you survive their endless Pandemics financed by the DNC in Chinese labs.

Hell, they can't even get Cuomo to resign for sexually abusing women and covering up killing the elderly in nursing homes.

Mwhahahaha!!!

 

[Votto]

Once Chairman XIden took office, the nation ceased to be.

 

[Bootney Lee Farnsworth]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

All 3 of those moderate Dems are pissing themselves with anxiety, I am sure.

 

[wamose]

Moderate democrats?

Mwhahahaha!!

Enjoy the stagflation rubes

Oh, and learn to speak Chinese, that is, if you survive their endless Pandemics financed by the DNC in Chinese labs.

Hell, they can't even get Cuomo to resign for sexually abusing women and covering up killing the elderly in nursing homes.

Mwhahahaha!!!

That's right. Just look what happened when Manchin and Sinema went against the totalitarians on the filibuster. Biden stuttered at them.

 

[Mac1958]

Looks like Biden is bending quite a bit, but I don't think the GQP is allowed to give an inch on anything:

Biden gives Republicans counteroffer on tax hikes to pay for infrastructure

The president offered a menu of tax increases that wouldn't reverse any of the changes Republicans made in 2017.

www.nbcnews.com

Biden floated a 15 percent minimum corporate tax and tougher enforcement on the highest earners, said a source familiar with the meeting. The proposal is part of an effort to prevent corporations from using tax breaks and loopholes to effectively eliminate their tax burden, the source said.

The list also included eliminating the "stepped-up basis," which addressees the tax value of inherited properties, and eliminating some fossil fuel incentives in the tax code.

 

[Mac1958]

Interesting to see Biden propose a corporate minimum effective tax rate.

Ol' Mac has been advocating for that for years, a METR:

The answer is in the link at the end of the second line of my sig. I would add four new, higher tax margins with a Minimum Effective Tax Rate (METR, my idea) for all taxpayers. I would also drop corporate tax rates a few points and add a METR.

I don't like the socialism that Trump and his Trumpsters have pushed on us -- aggressively higher spending, aggressively higher deficits, aggressive NY Fed intervention. I'd rather be fiscally conservative and pay as we go.
.

 

[Bootney Lee Farnsworth]

Looks like Biden is bending quite a bit, but I don't think the GQP is allowed to give an inch on anything:

Biden gives Republicans counteroffer on tax hikes to pay for infrastructure

The president offered a menu of tax increases that wouldn't reverse any of the changes Republicans made in 2017.

www.nbcnews.com

Biden floated a 15 percent minimum corporate tax and tougher enforcement on the highest earners, said a source familiar with the meeting. The proposal is part of an effort to prevent corporations from using tax breaks and loopholes to effectively eliminate their tax burden, the source said.

The list also included eliminating the "stepped-up basis," which addressees the tax value of inherited properties, and eliminating some fossil fuel incentives in the tax code.

In a meeting Wednesday with Sen. Shelley Moore Capito, the lead Republican negotiator, Biden insisted that tax increases pay for most of the plan but signaled he was willing to back a smaller increase than he had initially requested.

Biden's first proposal called for raising the corporate tax rate from 21 percent to 28 percent as the primary way to pay for the infrastructure bill. That was rejected by Republicans and didn't appear to have unanimous Democratic support either.

Not many people favor tax hikes of any kind when spending has been ridiculous for decades. That 7% increase will likely put many out of work for......what? What infrastructure is so fucking important that we MUST bankrupt corporations and kill jobs?

You really think this is a good idea?

 

[Bootney Lee Farnsworth]

Interesting to see Biden propose a corporate minimum effective tax rate.

Ol' Mac has been advocating for that for years, a METR:

The answer is in the link at the end of the second line of my sig. I would add four new, higher tax margins with a Minimum Effective Tax Rate (METR, my idea) for all taxpayers. I would also drop corporate tax rates a few points and add a METR.

I don't like the socialism that Trump and his Trumpsters have pushed on us -- aggressively higher spending, aggressively higher deficits, aggressive NY Fed intervention. I'd rather be fiscally conservative and pay as we go.
.

With the obscene spending going with it, it means nothing. It's less than a wash.

 

[Penelope]

Looks like Biden is bending quite a bit, but I don't think the GQP is allowed to give an inch on anything:

Biden gives Republicans counteroffer on tax hikes to pay for infrastructure

The president offered a menu of tax increases that wouldn't reverse any of the changes Republicans made in 2017.

www.nbcnews.com

Biden floated a 15 percent minimum corporate tax and tougher enforcement on the highest earners, said a source familiar with the meeting. The proposal is part of an effort to prevent corporations from using tax breaks and loopholes to effectively eliminate their tax burden, the source said.

The list also included eliminating the "stepped-up basis," which addressees the tax value of inherited properties, and eliminating some fossil fuel incentives in the tax code.

In a meeting Wednesday with Sen. Shelley Moore Capito, the lead Republican negotiator, Biden insisted that tax increases pay for most of the plan but signaled he was willing to back a smaller increase than he had initially requested.

Biden's first proposal called for raising the corporate tax rate from 21 percent to 28 percent as the primary way to pay for the infrastructure bill. That was rejected by Republicans and didn't appear to have unanimous Democratic support either.

Not many people favor tax hikes of any kind when spending has been ridiculous for decades. That 7% increase will likely put many out of work for......what? What infrastructure is so fucking important that we MUST bankrupt corporations and kill jobs?

You really think this is a good idea?

It was 35% before tramp got his hands on it.

One needs to cut the loopholes as well.

 

[Bootney Lee Farnsworth]

Looks like Biden is bending quite a bit, but I don't think the GQP is allowed to give an inch on anything:

Biden gives Republicans counteroffer on tax hikes to pay for infrastructure

The president offered a menu of tax increases that wouldn't reverse any of the changes Republicans made in 2017.

www.nbcnews.com

Biden floated a 15 percent minimum corporate tax and tougher enforcement on the highest earners, said a source familiar with the meeting. The proposal is part of an effort to prevent corporations from using tax breaks and loopholes to effectively eliminate their tax burden, the source said.

The list also included eliminating the "stepped-up basis," which addressees the tax value of inherited properties, and eliminating some fossil fuel incentives in the tax code.

In a meeting Wednesday with Sen. Shelley Moore Capito, the lead Republican negotiator, Biden insisted that tax increases pay for most of the plan but signaled he was willing to back a smaller increase than he had initially requested.

Biden's first proposal called for raising the corporate tax rate from 21 percent to 28 percent as the primary way to pay for the infrastructure bill. That was rejected by Republicans and didn't appear to have unanimous Democratic support either.

Not many people favor tax hikes of any kind when spending has been ridiculous for decades. That 7% increase will likely put many out of work for......what? What infrastructure is so fucking important that we MUST bankrupt corporations and kill jobs?

You really think this is a good idea?

It was 35% before tramp got his hands on it.

One needs to cut the loopholes as well.

So? That was way too fucking high and nothing but a job killer.

Do you know what it's like for a business to get a 7% tax increase?

 

[citygator]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Money corrupts. It’s not an ideology shortfall from Dems. If it doesn’t get through it’s wealthy donors and businesses putting the pressure on at risk democrats. It’s bullshit politics. We need better Democrats in those seats.

 

[Bootney Lee Farnsworth]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Money corrupts. It’s not an ideology shortfall from Dems. If it doesn’t get through it’s wealthy donors and businesses putting the pressure on at risk democrats. It’s bullshit politics. We need better Democrats in those seats.

What about the job losses caused by the tax hike? Some of these Dems feel THAT pressure.

 

[Mac1958]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Money corrupts. It’s not an ideology shortfall from Dems. If it doesn’t get through it’s wealthy donors and businesses putting the pressure on at risk democrats. It’s bullshit politics. We need better Democrats in those seats.

Well, the same thing is happening in the GQP. Getting contributions/getting re-elected is always Priority #1. Our fucked up election system sees to that.

Ideologically, I'd rather see moderation -- that can be turned into incrementalism, if it at least takes us in the right direction -- than a continuation of these wild, 100% swings back and forth.

The Dems have to be careful here, and not turn into the GQP on this stuff.

 

[Shelzin]

Money corrupts. It’s not an ideology shortfall from Dems. If it doesn’t get through it’s wealthy donors and businesses putting the pressure on at risk democrats. It’s bullshit politics. We need better Democrats in those seats.

You need a DNC that will support those better Democrats first, or at the very least not supporting the wrong ones. Without that there is no chance.

 

[Wyatt earp]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Quit straddling the fence

 

[Shelzin]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Quit straddling the fence

Mac and I don't seem to agree on much now a days... But if he's straddling the fence... I'm on it with him. Just unlike Mac I absolutely and freely admit that I'm NOT on the GOP side. Any party that thinks putting likes of Mitt up to run for President as a good idea isn't getting any support from me. We just agree more than we disagree.

But if you're of the mind that there are only two sides of the issues... Always keep in mind that I'm not your friend, both the DNC and GOP are what I'm fighting against. If not being on one of those two parties makes me fence sitter... Fine... I'm on that fence.

 

[Mac1958]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Quit straddling the fence

I'm just being honest, as usual.

Nutters have to be obedient. I don't.

 

[Wyatt earp]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Quit straddling the fence

Mac and I don't seem to agree on much now a days... But if he's straddling the fence... I'm on it with him. Just unlike Mac I absolutely and freely admit that I'm NOT on the GOP side. Any party that thinks putting likes of Mitt up to run for President as a good idea isn't getting any support from me. We just agree more than we disagree.

But if you're of the mind that there are only two sides of the issues... Always keep in mind that I'm not your friend, both the DNC and GOP are what I'm fighting against. If not being on one of those two parties makes me fence sitter... Fine... I'm on that fence.

Either your with us or against us, it's your ch

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

Quit straddling the fence

I'm just being honest, as usual.

Nutters have to be obedient. I don't.

Your daughters are cussing you out now

 

[Votto]

Biden and the Dems find themselves between the proverbial rock and a hard place.

Biden clearly wants to go big on infrastructure and plenty of other spending, but some moderate Democrats appear to be getting cold feet on increasing personal income taxes to pay for it. If they massively increase spending and allow it to just add to the deficit and debt, they're no better than the GQP in that area.

Dems start to get tax-hike anxiety

President Joe Biden’s proposed tax increases are another breed, focused on people making over $400,000 a year.

www.politico.com

With all the abject madness saturating our politics from the looney wings, we may (please note bold italics) end up seeing the sane and brave moderates from both parties saving us from the abyss.

All 3 of those moderate Dems are pissing themselves with anxiety, I am sure.

That's why they all wear diapers like Xiden.