Go back and look at the first post on page one of this thread.
Crazy how nothing Trump says or posts ages well. But being the good conman that he is, he can only live in the con of the moment.
U.S. Budget - OBBB | Medicare Part D premiums set to rise
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Crazy how nothing Trump says or posts ages well. But being the good conman that he is, he can only live in the con of the moment.
How does one count the new tariff money?
How about the money not collected because tax cheats figure a weakened IRS won’t audit as manny tax cheats?
I guess the counting of new tariff money would be my question. I would think the CBO has it figured in when they score any potential legislation which usually has to confirm to reconciliation procedure in the Senate.
Yes, I agree. What they have done to the IRS is counter productive...........but that crowd counts it as a win.
Thank you. I see he claims the CBO is not giving credit to tariffs. But I bet on all his other claims he's being misleading.
Mulberry Heel
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I've said this before, but the GOP learned some years ago - at least since Trump's first election in 2016 - that it really doesn't matter how much they lie anymore, their base will never double-check or follow up on anything they say, they'll just believe it blindly. So blatantly lying won't matter, as their base will never check and learn that the CBO Director is a hard-right Republican appointed by Dubya and associated with a right-wing think tank. Although to be fair, even if they did know it wouldn't matter, as they'd just dismiss him as a RINO.
They learned that the base doesn’t check since at least Reagan……then there’s Nixon.
Mulberry Heel
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But with social media and 24/7 right-wing networks like Fox it's now easier than ever to brainwash their base. And I would argue that even Reagan didn't have as strong a cult of personality that Trump now has. It's on a whole other level now.
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Congressional Republicans claim extending the Trump tax cuts have zero cost since it is extending an existing baseline set to expire. So they completely discount the impact of extending those tax cuts which is included in the CBO calculations.
It was during the emergence of Reagan that Liberal became a 4-letter word.
Reagan won 49 states in his “Morning in America “ campaign. A campaign that won big in EV’s and popular vote and was based on not shit.
His cult following was HUGE.
Trump is worse; but, this shit didn’t start in 2020 or 2016 or 2012…….
LBJ was exceptionally WRONG when he said after the passage of the Civil Rights Act, “We just gave the South to the Republicans for a generation.”
- It wasn’t just the South
- It wasn’t just “a” generation
- It’s the white working class for 50+ years going on 70 or 80 or 100
Mulberry Heel
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I remember the Reagan era very well and I remember how popular he was, but I also don't recall Republican politicians saying such easily disproven lies on television and to print reporters as the one quoted above. And the reason was because in those days we still had a legacy media (including a still formidable print media) that would generally call them out for such things, and so they were usually more careful about what they said on television and to the media than today. I'm not saying that it started with Trump, but that with Trump's election in 2016 they don't even hesitate to say things that are very, very easily disproven and ridiculously over the top. It's definitely far easier today to lie to the national media and get away with it because the media landscape has totally changed. And as someone who was surrounded by GOP, Reagan-voting relatives and classmates and neighbors, I don't think Reagan had the same hold on his followers that Trump does. The worship of Trump by his base is frankly beyond anything that I've seen for a politician in my lifetime - if he told them to drink poisoned koolaid and it wouldn't hurt them, I think many of them actually would believe him and drink it.
ETA: And I fully agree with you regarding LBJ being wrong about losing most white voters for just a generation - it's clearly gone on for far longer. And ironically it's for the reason that LBJ also once noted - that if you give working-class and poor whites someone to look down on and feel superior to, they'll open their pockets for you.
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I know you know and remember the Reagan Era.
- The tax cuts will increase revenue was the Reagan Era Big Lie. This has been the GOP mantra since Reagan. This lie was repeated CONSTANTLY throughout the Reagan Era. They all knew “tax cuts = more revenue” was a lie. David Stockman exposed that lie early - didn’t stop Jesse or Phil Gramm or Trent Lott or Jack Kemp. Not once have GOP tax cuts increased tax revenue.
- The entire Iran-Contra scandal. Oliver North became a right-wing cult-figure. Reagan and his entire Administration lied through their teeth about Iran-Contra. Oh, wait, I’m mistaken……Reagan didn’t lie….Reagan added “I don’t recall/remember” to American political lexicon……Reagan added, “I’m POTUS and I don’t have a fucking clue what I was doing,” to American politics……AND THE GOP ATE THAT SHIT UP!
They’ve been slurping the same shit for DECADES.
Mulberry Heel
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I'm not saying that it started with Trump. What I am saying - and stand by - is that under Trump it has a reached a whole new level of dishonesty at least partly because the media landscape has drastically changed. No, it wasn't as much of a cult of personality then as it is now with Trump. At least I certainly don't remember pretty much every other house in my old hometown flying Reagan flags and signs and decorating their houses for all eight years of his presidency and even replacing them with bright new signs and flags when the old ones got frayed and faded, as many of them have every year since 2016 with Trump. I'm not defending Reagan at all (or Nixon or Bush I & II, for that matter) and of course GOP tax cuts never work for the middle and lower classes, but what we're seeing with Trump is beyond anything I remember with previous GOP presidents.
If Trump had done Iran/Contra he would have bragged about it, and modern right-wing media would have defended what happened - it wouldn't even have been portrayed as a scandal to start with, and any congressional hearings would have been given almost no publicity, unlike the hearings in the 80s. If Nixon were president today and Watergate happened, there is no doubt in my mind that Nixon would never have resigned from office, or been forced to. Fox News would have rallied the GOP base and he would have stayed in office. Even Reagan didn't gut the government the way Trump has in just the first few months of his second term, and much of that, I think, was because they did fear a media backlash back then in ways that they simply don't today.
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DiehardHeelFan
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U.S. foreign tax bill sends jitters across Wall Street
KEY POINTS
- The “One Big Beautiful Bill Act,” includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899.
- Section 899 will hit entities from so-called “discriminatory foreign countries” that impose levies that disproportionately affect U.S. companies.
- Under the new tax bill, the U.S. would hit investors from such countries by increasing taxes on U.S. income by 5 percentage points each year, potentially taking the tax rate up to 20%.
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www.cnbc.com
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CBO assumes 1.8% per year, not 1.8% over 10 years. There is no way the U.S. averages 3-5x that over ten years, though it is not unheard of to have a big jump (or in recession, drop) of 6% or more in a single year, but that would not be sustainable. The Trump “minimum expected growth” of 3% per year for a decade is not impossible but highly unlikely based on historical GDP.
superrific
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It's more than highly unlikely. I love the idea that math is supposed to be patriotic.
CBO assumes 1.8% per year, not 1.8% over 10 years. There is no way the U.S. averages 3-5x that over ten years, though it is not unheard of to have a big jump (or in recession, drop) of 6% or more in a single year, but that would not be sustainable. The Trump “minimum expected growth” of 3% per year for a decade is not impossible but highly unlikely based on historical GDP.
Hey MAGA -- if you haven't noticed that your guy is opposed to all learning, check it out. You know where truth is required to bend to patriotism? Totalitarian countries like North Korea. Or Islamic fundamentalist countries. That's what you guys want. Patriotic math, not true math.
superrific
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I know this is shocking . . . but the law is quite likely unconstitutional. Disparate treatment based on national origin requires strict scrutiny, and there is no way that this law would satisfy strict scrutiny. Expect another legal challenge; expect Trump to lose; and then expect the Supreme Court to stay. But long term the statute will not be sustained because it's illegal.
CRHeel94
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Wait…what? This could have dire consequences on US capital markets.
4thgenheel
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all they do is lie, lmao.
they had this young, maga dipshit congressman from texas named brandon gill on CNN last night. kaitlan collins repeatedly called out and eviscerated his weak sauce lies and he just kept parroting the same nonsense. it was comical.
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“… The final bill must comply with the Senate’s Byrd Rule, named for the late West Virginia Democratic Sen. Robert Byrd, which prevents lawmakers from using the special budget reconciliation process to advance unrelated policies. Reconciliation allows Republicans to pass President Trump’s “big, beautiful” bill with just 51 votes—rather than the 60 usually required in the Senate—but only if their provisions all have a meaningful fiscal impact that aren’t “merely incidental.”
…
The Senate process is designed to scrub the GOP bill of items seen as having little impact on fiscal matters. In this “Byrd bath,” any senator can raise a point of order to challenge a provision in the bill. The nonpartisan Senate parliamentarian will then make the final call, which Republicans are expected to abide by—though in today’s political environment, nothing is certain.
“During reconciliation, the minority party wants to cause as much trouble for the majority party, whenever and wherever possible,” said Zach Moller, director of the economic program at center-left think tank Third Way. “That is the price of reconciliation.”…”