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I have no idea if that's a Huge If True or not, but it feels like just another way to confirm what's already known about the broken two-party system. Sad, though. Gotta get as much money as possible out of politics. Same problem led Corker and Flake to rip on Trump during the day and then vote against the CFPB rights in the evening.
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Well that was the worst thing to happen to Trump last week, two Senators put on some theater, but claimed they would still vote with the president. meh.
At least the right had the opportunity to get their outsider choice in. It sounds like Hillary was controlling the DNC a long time before winning the nomination.Comment
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Originally posted by Dr. Strangelove View Post
No charges will be filed by the DOJ. Those types of crimes are okay so long as the victim isn't the saintly GOP, the official sponsor of Putin's cock-holster.“Outside of a dog, a book is a man's best friend. Inside of a dog, it's too dark to read.” - Groucho MarxComment
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Just in case anyone was unsure.Comment
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STFU cracker...Shut the fuck up Donny!Comment
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Holy hell, a super busy newsday. Gotta look at the tax bill and the Donna Brazile story later...smaller bits right now
* No USDA for Sam Clovis.
* Manafort and Gates were due back in Federal Court for a bail hearing I believe
* Bob Mercer, possibly the most important donor the Republican Party has right now, put out a statement today. He has resigned from his hedge fund, utterly denounced Milo, disassociated himself from Steve Bannon, and is immediately turning over all ownership interest in Breitbart to his daughters. In other words, the Alt Right's biggest source of funding just abandoned them.Comment
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DSL: Do you consider slavery to have been part of modern American history? Do you consider it to be part of American history?
If your answer is no to the first and yes to the second, the point being made is that the twitter nitwit intentionally left out the word "modern" in this tweet in order to alter the meaning of what Carlson said, and then to mock him for saying it. This happens daily on the left.Comment
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First take by WSJ about an hour ago. I tried to avoid paywall or commentary
BUSINESS
Chops the corporate tax rate from 35% to 20% permanently, not temporarily as was earlier considered.
Businesses would lose the ability to deduct certain executive compensation above $1 million, which they can now do for performance-based pay.
Tax-exempt bonds could no longer be used to build professional sports stadiums.
Sets a top 25% rate for pass-through businesses such as S corporations and partnerships. The plan includes complicated guardrails that limit people from turning what would otherwise be wage income taxed at up to 39.6% into business income taxed at a lower rate.
New limits on corporate interest deductions, which would be capped at 30% of earnings before interest, taxes, depreciation and amortization, which is a measure of cash flow. Real-estate firms and small businesses would be exempt from that limit.
Creates a new one-time tax on overseas profits set at 12% for cash holdings and 5% for illiquid holdings, a provision meant to force companies to repatriate overseas profits. Creates a new 10% tax on U.S. companies’ high-profit foreign subsidiaries, calculated on a global basis, but active overseas profits wouldn’t otherwise be taxed.
INDIVIDUALS
Reduces seven individual income tax brackets to four at 12%, 25%, 35% and 39.6%.
Top tax bracket set for married couples earning $1,000,000 per year and individuals earning %$500,000. Bottom tax bracket extends up to $90,000 for couples and $45,000 for individuals.
The proposal doesn’t change the top tax rates on capital gains and dividend income.
The bill would preserve head-of-household filing status, often used by single parents. The standard deduction for that group is midway between individuals and married couples.
Nearly doubles individual standard deduction to $24,400 for married couples and $12,200 for singles in 2018.
Increases child tax credit from $1,000 in 2017 to $1,600 plus $300 for each taxpayer, spouse and non-child dependents.
Places new limit on home mortgage-interest deduction at loans up to $500,000, down from $1,000,000, but existing loans would be grandfathered.
The estate-tax exemption, set for $5.6 million per person and $11.2 million per married couple, would double immediately. The tax would be repealed starting in 2024.
Keeps 401(k) existing plan rules largely intact.
Repeals the alternative minimum tax
Repeals an itemized deduction for medical expenses.
Repeals the tax credit for adoption.
Repeals the deduction for student-loan interest.Comment
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A month ago there was a unified plan, and now the House and Senate are coming out with their own versions.
Apparently repealing the alternative-minimum tax is a special treat for DJT.Comment
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Creates a new one-time tax on overseas profits set at 12% for cash holdings and 5% for illiquid holdings, a provision meant to force companies to repatriate overseas profits. Creates a new 10% tax on U.S. companies’ high-profit foreign subsidiaries, calculated on a global basis, but active overseas profits wouldn’t otherwise be taxed.
Clarification on that? That sounds very aggressive with that 5%, but not moving to a territorial system seems very unlikely. That means surrendering tax income like Google and Apple are via the European Commission anti-competition committee. Going territorial seems one of the bipartisan things we should all agree on.
There ought to be some sort of tax on doing business in havens. The Netherlands is going to introduce one via a withholding tax. Seems like a coming trend.Comment
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Shut the fuck up Donny!Comment
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Wiz keeps pointing that gun at himself. We like you, man. Don't take it all too seriously.Comment
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These are the excerpts from D. Brazille's book dealing with the Hillary takeover of the Party in August of 2015. Please take special note of how Hillary dealt with the $ 2,700 limit on contributions to her campaign and massaged it legally so a person could contribute $ 353,000. This is the person who ran against Citizen's United.
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Now it's pointing the same way those ISIS types do when they celebrate stuff.
I have seen something. I now have to say something.Comment
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