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Congress Catch-All

  • Thread starter Thread starter nycfan
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nycfan said:

  • Five House Republicans plan to vote together in a bloc that could derail President-elect Donald Trump’s signature tax bill unless they get concessions on the current cap on state and local tax deductions.
  • GOP Rep. Nick LaLota, of New York, told CNBC that doubling the SALT cap to $20,000 would be a “laughable” proposal.
  • The SALT cap debate divides Republicans because lifting the limit is expensive and because it would largely benefit high-income households.
"...As negotiations over a major tax cuts bill get underway, they are also drawing a firm line: Simply doubling the maximum allowed deduction from the current $10,000 cap to $20,000, they say, is not enough.

“The $20,000 is a nonstarter,” Rep. Nick LaLota, R-N.Y., told CNBC. “It’s almost laughable. It’s way too low to earn our vote.”

LaLota is one of 16 members of a congressional state and local tax, or SALT, caucus who attended a recent meeting with Trump at his Florida resort, Mar-a-Lago. There, Trump promised the lawmakers that he would back their efforts to raise the SALT cap and told them to get back to him with a number that would ensure their support for his broader tax package, according to LaLota and his fellow New York GOP Rep. Andrew Garbarino.

The group plans to use House Republicans’ narrow, four-seat majority to increase its own leverage.

Specifically, LaLota is part of a bloc of five Republican House members who plan to stick together and oppose any broader Trump tax cut package unless it contains significant changes to the current SALT cap provisions.

Rounding out this group are Reps. Mike Lawler, of New York, Rep. Tom Kean Jr., of New Jersey, and Rep. Young Kim, of California, according to LaLota and Garbarino. ..."

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I'm telling you, this will be an absolute clusterfuck. Mike Johnson will be openly jacking off to porn on the House floor before this is all over.
 
nycfan said:

  • Five House Republicans plan to vote together in a bloc that could derail President-elect Donald Trump’s signature tax bill unless they get concessions on the current cap on state and local tax deductions.
  • GOP Rep. Nick LaLota, of New York, told CNBC that doubling the SALT cap to $20,000 would be a “laughable” proposal.
  • The SALT cap debate divides Republicans because lifting the limit is expensive and because it would largely benefit high-income households.
"...As negotiations over a major tax cuts bill get underway, they are also drawing a firm line: Simply doubling the maximum allowed deduction from the current $10,000 cap to $20,000, they say, is not enough.

“The $20,000 is a nonstarter,” Rep. Nick LaLota, R-N.Y., told CNBC. “It’s almost laughable. It’s way too low to earn our vote.”

LaLota is one of 16 members of a congressional state and local tax, or SALT, caucus who attended a recent meeting with Trump at his Florida resort, Mar-a-Lago. There, Trump promised the lawmakers that he would back their efforts to raise the SALT cap and told them to get back to him with a number that would ensure their support for his broader tax package, according to LaLota and his fellow New York GOP Rep. Andrew Garbarino.

The group plans to use House Republicans’ narrow, four-seat majority to increase its own leverage.

Specifically, LaLota is part of a bloc of five Republican House members who plan to stick together and oppose any broader Trump tax cut package unless it contains significant changes to the current SALT cap provisions.

Rounding out this group are Reps. Mike Lawler, of New York, Rep. Tom Kean Jr., of New Jersey, and Rep. Young Kim, of California, according to LaLota and Garbarino. ..."

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20K isn't nearly enough? What is it supposed to be? 40K? 100K? How much is enough?

The main problem with the 10K cap isn't that it's insufficient, so much as that it is selectively targeted at Trump's political enemies. An attorney in New York pays way more federal tax than a guy who owns a self-storage facility and makes passive income, despite providing far more value to society. And I'm generally skeptical of the value of attorneys.

This is another thing that irritates me about the "Trump is good for the working-class" idiocy that goes around, though I don't talk about it too much because it's a fairly high level of abstraction. Pretty much only people who already understand how much of an idiot Trump is will grasp the point, but here it is: the Trump tax cuts created a massive disincentive for job creation. The reason that manufacturing didn't rebound is that the tax policies actively discouraged it.

For instance: the 2017 tax cut cracked down on virtual offshoring -- i.e. when a company situates some minor portion of their business in a jurisdiction like Ireland, and then routes profits through it for low taxes. That's good for revenue. But it then added a tax CUT to companies that actually offshore. So under Trump, Apple would not get a tax break by routing money through Ireland -- but would by actually moving production to Ireland.

And so too with the Trump tax cuts' special treatment of passive income. If you're weighing investment opportunities, and you're choosing between a self-storage facility and a manufacturing plant or a professional office (e.g. adding more supply to meet demand for doctors, attorneys, accountants, etc), you'd be likely to choose the self-storage facility because of the big tax advantages. People should ask themselves which of those two investments is better for economic prosperity, not to mention jobs, and then ask themselves why they voted for it.
 
lawtig02 said:
I'm telling you, this will be an absolute clusterfuck. Mike Johnson will be openly jacking off to porn on the House floor before this is all over.
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So 3 of the highest taxed states in the country which of course has been screwed up by liberal tax and spend state legislatures.

This is simply daily politics. Why you use this benign issue (that will get resolved) to play Henny Penny with is strange.
 
Callatoroy said:
So 3 of the highest taxed states in the country which of course has been screwed up by liberal tax and spend state legislatures.

This is simply daily politics. Why you use this benign issue (that will get resolved) to play Henny Penny with is strange.
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Tovarish, in America story is called "Chicken Little"
 
Callatoroy said:
So 3 of the highest taxed states in the country which of course has been screwed up by liberal tax and spend state legislatures.

This is simply daily politics. Why you use this benign issue (that will get resolved) to play Henny Penny with is strange.
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I paid property tax of $18K per year for a $700K house in Ohio, which is dominated by a radical right wing legislature. The legislature just kept cutting state income tax and pushing school funding and other services previously subsidized by the state back to the counties, which raised the missing funds by raising property and sales taxes.
 
www.nytimes.com

Johnson Installs Crawford on Intelligence Panel, Pulling It Closer to Trump

The speaker replaced a Republican who had criticized the president-elect and broken with him on key issues, and who had drawn the ire and suspicion of those close to the president-elect.
www.nytimes.com www.nytimes.com

Johnson Installs Crawford on Intelligence Panel, Pulling It Closer to Trump​

The speaker replaced a Republican who had criticized the president-elect and broken with him on key issues, and who had drawn the ire and suspicion of those close to the president-elect.

"Speaker Mike Johnson on Thursday appointed Representative Rick Crawford of Arkansas as the new chairman of the House Intelligence Committee, a move that was seen as aligning the powerful panel more closely with the agenda of President-elect Donald J. Trump.

The appointment of Mr. Crawford came amid much consternation on Capitol Hill over Mr. Johnson’s sudden and unexpected removal on Wednesday of Representative Michael R. Turner of Ohio, who had served for three years as the top Republican on the panel and had at times been critical of Mr. Trump.

Mr. Turner had been an influential, and increasingly lonely, G.O.P. voice in support of America’s traditional role in intelligence-gathering operations and supporting allies abroad.

But he had voted to certify President Biden’s victory over Mr. Trump in 2020. Mr. Crawford, by contrast, voted to object to the 2020 election results. While Mr. Turner played a pivotal role in the Republican push on Capitol Hill to continue sending aid to Ukraine for its battle against Russian aggression, Mr. Crawford has at times voted against funding Kyiv’s war effort.

And in the wake of his abrupt ouster, Mr. Turner told people that Mr. Johnson had informed him that he was being removed because of “concerns from Mar-a-Lago,” according to two people familiar with the conversations. ..."
 
Cont'd

"...the change at the top of the intelligence committee was seen as a victory for the so-called America First wing of the party in a long-simmering civil war within the G.O.P.

Mr. Crawford is seen as less reliable in his support of Ukraine aid than Mr. Turner. The two men voted similarly with regards to renewing the Foreign Intelligence Surveillance Act.

In a statement, Mr. Crawford said he planned to serve as a check on the intelligence community.

... Mr. Johnson started remaking the committee last year to be more aligned with Mr. Trump when he appointed Representatives Ronny Jackson of Texas, Mr. Trump’s former White House physician, and Scott Perry of Pennsylvania, the former leader of the House Freedom Caucus.

He will soon have more appointments to make. In addition to the departure of Mr. Waltz, Representative Elise Stefanik of New York is also expected to join the Trump administration, creating two more vacancies."
 
farce© said:
I paid property tax of $18K per year for a $700K house in Ohio, which is dominated by a radical right wing legislature. The legislature just kept cutting state income tax and pushing school funding and other services previously subsidized by the state back to the counties, which raised the missing funds by raising property and sales taxes.
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Damn farce, any plans to move? I don't know for sure, but I suspect your situation is the exception and not the rule for red dominated local districts. Mine is certainly the inverse from yours. You live in the Cleveland area don't you? Are your schools the best in the state?
 
HesNotHere97 said:
Like "Trump will destroy democracy.."....."Trump is Hitler..."........"Trump is beholden to Russia..".... "Billionaires own Trump."

See how that works?

Different side of the same coin.
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Only, Trump IS actively destroying our democracy, did attempt to thwart the government. Openly questioned why his generals weren't more Nazi-like and did sell out to billionaires.

So yeah. Not the same.
 
Callatoroy said:
Damn farce, any plans to move? I don't know for sure, but I suspect your situation is the exception and not the rule for red dominated local districts. Mine is certainly the inverse from yours. You live in the Cleveland area don't you? Are your schools the best in the state?
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I moved to Charlotte 3+ years ago when I retired. Cleveland schools are far from the best in the state but some of the suburbs have very good schools and they pay handsomely for them. Ohio schools in general are considerably better than those in NC (wife is a teacher) but the Ohio GOP is doing their best to defund public education and keep Ohio schools dropping in those rankings.
 
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