A speakership battle will significantly delay anything Trump wants to get done in 2025 -- at least through Congressional action. I know Trump can be dumb sometimes, but that would be especially dumb if this is anything more than a brushback pitch.
Congress Catch-All
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A speakership battle will significantly delay anything Trump wants to get done in 2025 -- at least through Congressional action. I know Trump can be dumb sometimes, but that would be especially dumb if this is anything more than a brushback pitch.
Please name the GOPers, especially members of the Trumplican Administration, who are willing to call Trump “unfit to serve.”
I have a list. It has ZERO names.
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When I read the above, the expression, "hold my beer," just sorta popped into my head.
TangledUpInBlue06
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Just to drive this home: Every dollar of funding for the IRS nets more than a dollar of revenue for the US. The CBO estimated that a $20 billion rescission in funding would reduce revenues by $44 billion, increasing the deficit by $24 billion. (How Changes in Funding for the IRS Affect Revenues)
heelinhell
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Biden had the audacity to increase IRS funding to enable the agency to go after wealthy tax cheats...
Richest Americans fail to pay $163 billion in taxes, Treasury estimates
The so-called "tax gap" could total $7 trillion over the next decade.
www.cbsnews.com
Callatoroy
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Yep, it was fantastic work. Not surprising you would look at a gotcha headline like the one NYC posted and make your comment or completely disregard everything else that got cut. The simple fact is trump created DOGE to highlight and eliminate wasteful spending. That your side would ridicule that speaks volumes. However, it also highlights just how out of touch this board is with reality. DOGE will be a huge hit among voters. Just wait and see.
Callatoroy
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"Tax evasion is concentrated among the wealthy in part because high-income taxpayers are able to employ experts who can better shield them from reporting their true incomes, the Treasury Department argued in a blog post. More complicated incomes such as partnerships and proprietorships – more frequent among high earners — have a far greater noncompliance rate that can hit as high as 55%."Biden had the audacity to increase IRS funding to enable the agency to go after wealthy tax cheats...
Richest Americans fail to pay $163 billion in taxes, Treasury estimates
The so-called "tax gap" could total $7 trillion over the next decade.
Change the effing laws then. Nothing like a democrat to participate in creating an extremely complex tax structure that requires "experts" and an entire specialty of law to administer, then complain that people who can afford to hire them are taking advantage of the very system democrats helped create. Quit bitching and lead the effort to rewrite the tax code. If its so bad, shift more resources to auditing rich people and less to the middle class. The answer isn't hiring more overhead. The answer is simplifying the code or focus more on the wealthy. I'm all for people paying the taxes they legally owe. Hell, I'm all for taxing the wealthy in different ways. But I also fully support the 50% who pay nothing having to have some skin in the game as well.
superrific
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i know this is going to blow your mind, but the complexity of the tax code owes primarily to the gop. back in the 1980s, the tax system was simplified in the bipartisan reform act of 86. since then, the gop has added back the complexity because of their love of tax expenditures. virtually all of the gop's domestic policy involves tax credits. child tax credit from w. opportunity zones. special tax treatment for professionals and a different tax treatment for passive income. special treatment for various corporate entities. so on and so forth.
it is not solely the gop but it is primarily, because they use the tax code for social policy. it isn't the fucking democrats who are driving this.
hiring more overhead is called investment. we can add "running a business" to the list of things you know nothing about.
heelinhell
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So Democrats created a tax system to benefit the wealthy and punish the middle class ?
I did not know that
TangledUpInBlue06
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If you could turn $20 billion into $44 billion in 10 years, would that be a good investment?
lawtig02
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DOGE is already a flop with freaking Laura Loomer. You think it’ll be popular with the average American?
lawtig02
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If you think blowing enormous amounts of political capital on a gambit that resulted in zero spending benefits and pretty much everything the Dems wanted while setting up a massive problem for the Pubs just two months into Trump’s presidency is “fantastic work,” then I’m feeling much more confident about how the next couple of years will play out. I guarantee you Trump doesn’t think that Keystone Cops routine was “fantastic work.”
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A shot across the bow for the current Speaker (fix this now or I won’t support you)? An impossible demand since this Congress is done for this term and why would Biden sign such a bill into law for Trump even if the new House and Senate pass it in a handful of days in January while also organizing leadership?
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A shot across the bow for the current Speaker (fix this now or I won’t support you)? An impossible demand since this Congress is done for this term and why would Biden sign such a bill into law for Trump even if the new House and Senate pass it in a handful of days in January while also organizing leadership?
Happy New Year, the debt limit is here. Get ready for an all-out war over it.
On Jan. 1, the limit resumes on the U.S. national debt of more than $36 trillion. And Republicans are divided on how to handle the cliff, after the House shot down the incoming president’s plan.
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“… One path requires full buy-in from Republican lawmakers to address the issue via budget reconciliation — a huge challenge thanks to the party’s fierce fiscal hawks. The other entails winning over Democrats, who for the most part rejected Trump’s initial debt-limit gambit last week.
“Whoever advised the president that it was even possible needs to better understand how this place works,” Sen. Thom Tillis (R-N.C.) said about Trump’s latest push to raise the debt limit.
It’s going to be an urgent issue for Trump as soon as he takes office. The federal government will resume the cap on its borrowing authority on Jan. 1, as the U.S. sits on a national debt of more than $36 trillion, though the Treasury Department can buy time for a number of months with so-called extraordinary measures.
The fiscal time bomb illustrates the struggle Trump and Republican leaders face heading into 2025, as they consider whether to court Democrats who will want concessions or their own conservatives who are known for rigidly sticking to their demands to cut funding.
“I’ve told my caucus, if they try to do it under reconciliation, they’ll lose my vote,” Sen. Rand Paul (R-Ky.) said on Friday. “I told them: You want to kill reconciliation, put something on that we don’t like.” …”
“Whoever advised the president that it was even possible needs to better understand how this place works,” Sen. Thom Tillis (R-N.C.) said about Trump’s latest push to raise the debt limit.
It’s going to be an urgent issue for Trump as soon as he takes office. The federal government will resume the cap on its borrowing authority on Jan. 1, as the U.S. sits on a national debt of more than $36 trillion, though the Treasury Department can buy time for a number of months with so-called extraordinary measures.
The fiscal time bomb illustrates the struggle Trump and Republican leaders face heading into 2025, as they consider whether to court Democrats who will want concessions or their own conservatives who are known for rigidly sticking to their demands to cut funding.
“I’ve told my caucus, if they try to do it under reconciliation, they’ll lose my vote,” Sen. Rand Paul (R-Ky.) said on Friday. “I told them: You want to kill reconciliation, put something on that we don’t like.” …”
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“… Raising the debt limit by $1.5 trillion, even with corresponding funding cuts, would not keep the nation from hitting the borrowing cap for long. The U.S. budget deficit, the gap between how much comes in from revenue like taxes and how much is spent, was $1.8 trillion in the fiscal year that ended in September. Congress’ nonpartisan budget scorekeeper projects that interest payments on the national debt will total almost $900 billion next year. …
After the debt ceiling is reinstated on Jan. 1, the Treasury Department will immediately deploy the typical “extraordinary measures,” cash-shifting accounting tactics to ensure the country can continue to pay its bills for at least a few months longer. Then a surge of revenue will begin to flow into federal coffers when tax filing season begins at the end of January, keeping the U.S. from hitting its borrowing limit for a few more months. …”
After the debt ceiling is reinstated on Jan. 1, the Treasury Department will immediately deploy the typical “extraordinary measures,” cash-shifting accounting tactics to ensure the country can continue to pay its bills for at least a few months longer. Then a surge of revenue will begin to flow into federal coffers when tax filing season begins at the end of January, keeping the U.S. from hitting its borrowing limit for a few more months. …”