Lion of the Blogosphere

Too good for Republicans

http://www.dailymail.co.uk/news/article-4932944/Trump-promote-tax-plan-address-manufacturers-group.html

Yesterday I wrote that the only good thing in the Trump tax plan was removal of the deduction for state taxes. Looks like the only good part is already being rejected by Republicans.

I also predicted that nothing would ever get passed because, as with the ACA bills, zero Democrats would support it, and a few Republican dissenters would kill it. Looks like that’s already happening.

Written by Lion of the Blogosphere

September 29, 2017 at 5:05 PM

Posted in Taxes

54 Responses

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  1. Isn’t this bad for the little guy? Who’s gonna take care of the little guy?

    Yakov

    September 29, 2017 at 5:15 PM

  2. The Republican congressmen in your state obviously don’t like it.

    IHTG

    September 29, 2017 at 5:51 PM

  3. I’ve thought all along that if no legislation got passed at all that it would still be a win because of the court appointments, regulatory reforms and purging the executive branch. As I watched them unable to do anything on ACA, I realized that 52 senators wasn’t enough of a majority to overcome a couple of dissenters. And the Dems certainly weren’t going to break ranks. In other words — gridlock. But at least the manchurian candidate has brain cancer.

    destructure

    September 29, 2017 at 5:54 PM

    • Exactly. People are focusing on the ocean waves, not the currents. Let’s look at what Trump is doing:

      1. He is destroying the immigrant community. Yes it is slow, but it is happening. H1B abuse is being curtailed, refugee admissions are down dramatically, illegal border crossings are down and immigration arrests are up by nearly 50%. DACA is gone and it looks like congress will be unable to replace it. We have started on prototypes of The Wall. There is much more to be done, but the deportation machine is going to take time to ramp back up after Obama had made it dormant for years.

      2. For the first time in over 20 years there is a serious proposal to reduce legal immigration. No it is not going to go anywhere but you need to start somewhere. The House has passed 2 major anti immigration bills.

      3. He won a huge battle in the culture war against the NFL. #BoycottNFL is the first right wing boycott to ever have any success, and it forced the league to dramatically scale back on the SJW stuff almost immediately. DKos has simply stopped talking about it and NeoGaf is really pissed, openly acknowledging their defeat.

      4. He continues to deepen the schism in the country. Let’s say the Democrats manage to pull off a win in 2020: does anybody really think that they will be able to govern at all? All a Dem win will do is accelerate the national spiral into civil war.

      5. He is slowly purging the Federal bureaucracy and reshaping the judiciary. Again, I know it is happening slowly. But it is happening. And just like with immigration, it is going slowly because of the Senate, but we are working on that.

      6. He is holding the line while Bannon and the base drain the swamp by primarying out the cucks. We have already purged Strange and Corker. We are going to get Flake and Heller for sure in 2018 and possibly Wicker as well. McCain will be dead in months. That will leave us in great position to take out Graham, Lankford, Tillis, McConnell and Sasse in 2020 and hopefully others as well. After the midterms we are certain to have a much more Trumpists Congress as cucks either get primaryied out, retire or lose their seats to Dems and Trumpist candidates win seats in both chambers.

      In mid 1942 it looked on the surface like the Nazis were winning, but a closer examination of the situation saw that the Allies were actually gaining the upper hand.

      That is the situation that we are in now.

      Otis the Sweaty

      September 30, 2017 at 12:12 AM

      • ” He is destroying the immigrant community. ”

        Stop saying that. It’s only ILLEGAL immigrants.

        Lion of the Blogosphere

        September 30, 2017 at 8:40 AM

      • There is no such thing as the “illegal immigrant community”, only the “immigrant community”. He has begun the process of destroying it and he is starting with the illegal portion.

        Otis the Sweaty

        September 30, 2017 at 9:21 AM

      • the nazis knew they had lost the war on dec 11, 1941. hence the wansee conference one month later. operation reinhard would never have happened if the nazis thought they were going to win.

        ron burgundy

        October 1, 2017 at 2:31 AM

  4. Dang it! I guess that was too good to be true.

    Mike Street Station

    September 29, 2017 at 6:04 PM

  5. Damn, that higher standard deduction would have been sweet…and the AMT is a pain in the ass.

    Mrs Stitch

    September 29, 2017 at 6:27 PM

    • Didn’t Trump once said “I’m going to get rid of the H&R Block tax preparation scam”?

      Imagine Trump eliminating an entire industry of con-artists that works with the IRS.

      Filing taxes should be easy as 1-2-3!

      JS

      September 29, 2017 at 8:20 PM

      • For people with no business income, yes, it ought to be easy.

        Lion of the Blogosphere

        September 29, 2017 at 9:40 PM

      • I think businesses should also file their own business tax forms w/o the help of beanie counters and tax preparers.

        This could be possible, if we overhaul the entire IRS code.

        JS

        September 29, 2017 at 10:06 PM

      • That can’t happen. No, the rules can’t be made simpler.

        Lion of the Blogosphere

        September 29, 2017 at 10:19 PM

      • Yes individual taxes should be easy, except for the tax credits, dependency rules, ira rules, adjustments and deductions, and so forth.

        Mrs Stitch

        September 29, 2017 at 10:24 PM

      • Why do tax forms read like legalese jargon?

        It’s condescending, it’s a scam, and it’s an affront to modern day civilization.

        You want money from people, so why do have to talk like a lawyer to get it from them?

        JS

        September 29, 2017 at 10:53 PM

      • it’s easier than 1-2-3 in non-shitty countries. in sweden’s equivalent of the IRS is its most popular govt agency.

        ron burgundy

        October 1, 2017 at 2:33 AM

  6. I also predicted that nothing would ever get passed because…

    The wall wont get built and Mexico wont pay for it, No repeal and replace of obamcare, no tax scheme for the rich and corporations, no “they’ve got to go back”. etc etc.

    This is why Trump’s critics are irrational. Trump is not Hitler, not a dictator, not dangerous.

    He’s harmless, he’s not going to do much of anything except eat and say and tweet some irritating and undiplomatic things.

    He’s just a self centered blob and the Republicans are a pathetic embarrassment.

    Still better than Hillary or Jeb or Lil Marco.

    Rifleman

    September 29, 2017 at 6:38 PM

  7. all deductions should be repealed and replaced with a tax credit. medicaid/medicare spending ($1.2T), plus welfare spending (another $1T) is enough to give each citizen about $8,000.

    i’d prefer if trump went crazy big on tax reform and healthcare. basically adopting nixon’s domestic policy plans (negative income tax and single-payer).

    • What?

      Magnavox

      September 30, 2017 at 3:43 AM

    • unlike the for profit insurance company scam government social insurance has tiny overhead. but medicare has horrible adjusting thus lots of fraud.

      ron burgundy

      October 1, 2017 at 2:37 AM

  8. If they were smart and willing to think creatively (big ifs), they could get it done. You’ve discussed how the very rich vote for Democrats, so take away/limit/phase out deductions for them, but not the above average earning folks that vote Trump.
    Instead of eliminating the deduction for property taxes and state/local income taxes put a cap on them. Set the cap so the Trump voting dentist in Nassau or Suffolk gets the benefit, but the Clinton voting partner at Big Law won’t get the full benefit what he’s paying on his NYC co-op and vacation home.
    Another option would be to triple, or even quadruple, the standard deduction to eliminate this objection for our voters. To “pay” for it don’t cut the top rate to 35% for incomes over a million (or some number to be determined).

    TK421

    September 29, 2017 at 7:40 PM

    • There are plenty of deduction limits and phaseouts already.

      I would live to see suggestions from people who actually know what we have now.

      Mrs Stitch

      September 29, 2017 at 10:30 PM

      • “There are plenty of deduction limits and phaseouts already.”

        That’s the AMT, and Trump’s people want to abolish that AMT.

        Lion of the Blogosphere

        September 29, 2017 at 11:45 PM

      • There are still limits on exemptions for high income, limits on IRA deductibility, child tax credits. Plus additional Medicare tax, net investment income tax…and more! Nothing to do with the AMT.

        Mrs Stitch

        September 30, 2017 at 10:59 AM

  9. good article on how Trump continues to destroy the immigrant community: https://www.vox.com/policy-and-politics/2017/9/14/16293906/trump-immigration-deportation

    As for those hear suggesting a more populist tax reform: forget it. GOP donors don’t want it and there are too many “muh conservatism” Congressional Republicans, in fact pretty much all of them are.

    I’d like to get tax reform done so Trump can get a win, but let’s be honest, it isn’t gonna make a difference either way. And failing on tax reform would only further discredit the Republican establishment ahead of our upcoming purge of Flake, Heller and Wicker.

    Otis the Sweaty

    September 29, 2017 at 11:23 PM

    • Trump is NOT destroying the immigrant community, he is only going after ILLEGAL immigrants, and so far it hasn’t risen to the level of destroying anything.

      Lion of the Blogosphere

      September 29, 2017 at 11:46 PM

    • yes. most in the GOP actually believe that 1 in 1,000 people has more wealth than 900 in 1,000 people because they are 900x better people, and that if you disagree you’re a stalinist.

      ron burgundy

      October 1, 2017 at 2:39 AM

  10. OT: It’s amazing how the new lie Democrats are pushing is that football players do not stand for the national anthem until the military started to pay the NFL in 2009.

    Here are football players standing for the national anthem…in 1979.

    map

    September 29, 2017 at 11:28 PM

  11. Amazing…Republicans moving to defend lefty California.

    map

    September 29, 2017 at 11:32 PM

    • It’s republicans in high tax states defending their constituents. These are not the full blown retard muh values cuckservative congressmen you get in red states. They have some decency and sense.

      Magnavox

      September 30, 2017 at 3:54 AM

  12. Lion, above your ought of sight class, you’ve got the top 50 richest families who are really in sight. And among them, one third supports both sides. But for the one who are partisan, it’s 20% democrat and 80% republican. So the Koch brothers are not an exception but a majority in the true super-elite. So you’re theory of ultra-rich being liberal doesn’t fit the facts for the richest ones. Maybe there is a discrete frontier among out-of-sight and richest, but when you go to the disgusting Richkidsofinstagram site, you see they are despicable people who loves to show off their money (not culture or intelligence or inclusiveness) and make fun of the rest of the word problems. They sound like rich legacy republican to me : like Bush during his Skull years or Cameron in the Bullingdom club. So something is wrong in your analysis wich concentrentates in rich kids having liberal jobs like being journalist/gallerist/NGO employee etc wich is a small minority of this crowd (perhaps less though in Boston-NY-Washington-Baltimore area).

    Bruno

    September 30, 2017 at 8:06 AM

    • I bet the “Richkidsofinstagram” voted for Hillary Clinton.

      Lion of the Blogosphere

      September 30, 2017 at 8:49 AM

      • I guess they don’t bother to vote. Out of the 25 wealthiest american families, only 2 are democrats : Cox and Newhouse. And both are in the publishing/media sector. So Republican have an interest in helping rich because they are the party of the really rich people. It’s true that today, most billionnaires are self-made, and they tend to be democrats. So if you consider billionnaires, and not billionnaires families, they tend to be democrat. But I think families will stay when the new billionnaires heir will fade away because only institutions, either families or corporations, survive.

        Rich = Republican.

        Bruno

        September 30, 2017 at 11:42 AM

      • – Democrats : all self-made decabillionnaires + most self-made billionnaires + most top 1% income + civil servants + minorities

        – Republican : richest families in america + white trash (No wonder their is so litle interesting conservative thought )

        – Trump : white trash + some populist intelligent people (breitbart, Fox, bloggers etc).

        The populist intelligent people can’t win in a democratic and human right driven society. That doesn’t happen.Not much to expect from any election. The richest aren’t populist by definition except when there is a coup and then the richest family always endorse the dictators.

        Bruno

        September 30, 2017 at 12:36 PM

      • Those types are generally non-voters or Trump supporters.

        snorlaxwp

        September 30, 2017 at 1:19 PM

      • bruno has been brainwashed by the french fake news.

        the exit polls show trump’s base is similar to the FN’s or AfD’s. it includes the wrong kind of white people. but they’re a minority. trump households significantly outearn the national median. and this means a lot considering how much richer blue states tend to be.

        ron burgundy

        October 1, 2017 at 2:48 AM

    • I’ve been weirdly fascinated with RKOI for sometime myself and when I initially saw it, I found the contradiction you mention–super rich kids living it up like douchebags–when that’s the last thing you expect from them. I think the contradiction can be explained this way, some but only a handful of the “kids” are genuine TOOS, but most are nouveau, especially when you consider all the Middle Eastern and Chinese accounts involved. Also you have to remember that the rich (including TOOS) have always lived lavishly, but prior to social media there was little insight into their lifestyles. It just so happened that when the TOOS did make an occasionally public appearance, they went out of their way to make it appear that they were as down to earth as most of us plebs.

      Roli

      September 30, 2017 at 2:21 PM

      • Every social class has poorly behaved kids, the bad prole kids are committing crimes, the bad rich kids are shamelessly flaunting their wealth on Instagram.

        Lion of the Blogosphere

        September 30, 2017 at 2:23 PM

      • when that’s the last thing you expect from them

        it’s only the last thing one would expect if one were a fully indoctrinated obedient striver. it is in the interest of the rich to have everyone believe that they are rich because they are good. it’s also in the interest of the 99% to believe this due to the cognitive dissonance of not believing it.

        ron burgundy

        October 1, 2017 at 2:45 AM

    • i’d bet rich “families” only side with the GOP for one reason: the estate tax.

      ron burgundy

      October 1, 2017 at 2:41 AM

      • There are rich people who hold their noses while voting Republican so they can get lower taxes, and there are rich people who enthusiastically vote Democratic, knowing they don’t deserve lower taxes. There are NO rich people who are enthusiastic about the entire Republican platform, not even the Koch brothers who are libertarians who believe in abortion rights.

        Lion of the Blogosphere

        October 1, 2017 at 8:14 AM

  13. Trump’s PR tweet was great. NeoGaf is the angriest I’ve ever seen them. You guys should check it out: http://www.neogaf.com/forum/showthread.php?t=1440788&page=5

    Otis the Sweaty

    September 30, 2017 at 9:22 AM

    • This Puerto Rico stuff may be the dumbest thing he’s done yet. I don’t think he understands what kind of effect it would have politically if there’s a mass exodus from the island.

      We need to get as many puerto ricans as possible to stay on the island and back onto the island and then cut that albatross loose. Trump is too stupid to do that.

      Magnavox

      September 30, 2017 at 10:06 AM

      • Heh, heh. PR teamsters refusing to deliver supplies to try and leverage more from the government. Muh unions. Muh little guy fighting the Man.

        andrewe1

        September 30, 2017 at 3:41 PM

    • Heh, thankee Otis, that’s some glorious butthurt right there.

      driveallnight

      October 1, 2017 at 10:26 AM

  14. You guys have got to check out the NeoGaf thread I posted. Holy fucking shit.

    Otis the Sweaty

    September 30, 2017 at 10:43 AM

  15. Roy Moore in serious trouble, leads only by 6 points. Poll commissioned by a Republican website (Ace of Spades’ Decision Desk), 74% white sample, 54-33-13 Republican-Democrat-Independent.

    Click to access DDHQ_AL_Senate_Poll_9.29.17.pdf

    snorlaxwp

    September 30, 2017 at 1:21 PM

    • I don’t see how Moore is an improvement over Strange in terms of policy*. The only difference is that his flashy fringe doofusness pisses off the media and the people around here think that must mean he’s better.

      His racism, sexism, antisemitism, and islamophobia (all of which I endorse) manifest themselves plenty in him saying stupid things but not in terms of any substantial policy differences from Strange. And he’s certainly given no indication that he’s any more sane than Strange on economics.

      Magnavox

      September 30, 2017 at 3:07 PM

      • He is an anti-semite? Lion, have you fallen asleep by the wheel? If that’s true – down with him!

        I don’t think it’s true, though. It’s very stupid to be openly anti-semitic. Is he stupid? Lion, get on the case ASAP.

        Yakov

        October 2, 2017 at 7:41 AM

  16. the effectiveness of a group of people depends almost entirely on the abilities of its individuals/members.

    thus a country does well or poorly because its population is talented or useless.

    hearing politicians and executives, i’m starting to think americans have simply become too stupid to maintain first world status. there are many intelligent people in the US, but their voices are difficult to hear over the din of stupid.

    ron burgundy

    October 1, 2017 at 2:58 AM

  17. Surprised as a New yorker you’re for eliminating the state and local tax deductions.There was a time when i was a naive libertarian and thought a flat tax a good idea, eventually you realize that neither left nor right have any intention of ending the welfare state, but both are beholden to the wealthiest as well and so any attempt at a “sane” tax system really means fucking the middle class even more. You must be deluded that by doing the right thing you are going to immanentize the eschaton or maybe you’re a liberal jew larping reaction, frankly I think the whole nrx is a jew red herring but whatever.
    I can legitimately get my taxes down to 12% on 100-150k which helps with the state and local, i can have side businesses deductions against wages, i can write off mortgage interest as a home a vacation home a rental prop, and make money in real estate thats fairly well sheltered.I can have businesses that write off office, communications, transportation, etc Oh its a royal byzantine mess to figure out the code and plan and execute but I know any changes are going to give them what they want from me and give it to the wealthy and the niggers. The amazon of unending nigger race they intend to keep importing forever, so once they have everyone with one clear percentage and all income done electronically and an entire nigger army outnumbering us they will simply ratched that percentage up and throw the tax protestors in the gulag. No thank to your libertarian judea

    Colleen Pater

    October 1, 2017 at 1:09 PM

    • “Surprised as a New yorker you’re for eliminating the state and local tax deductions.”

      It would hurt me as a New Yorker, but I’m trying to think about what’s best for the nation as a whole.

      Lion of the Blogosphere

      October 1, 2017 at 1:14 PM

      • Trump will never eliminate this tax deduction, because it benefits him, the same way, education deductions for school tuition would benefit our bureaubrats, when they send their kids to college.

        JS

        October 2, 2017 at 8:11 AM


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