U.S. Budget & OBBB | OCT 1 - Gov’t Shutdown Begins

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Here is my plea, fwiw.

The million person march on Washington, DC needs to happen NOW. While the budget is being debated.

The money is on the table and the billionaires are taking it.

At the expense of our elderly, sick, disabled, working class, and middle class.

The good jobs of the future in technology are moving to China. Yesterday was a great day for China as R&D investment was slashed by the House bill. Couldn’t Jeffries find 1-2 more votes?? The ROI on science investment is far higher than any other investment by Congress. 60% of the jobs created after WWII have emanated from Federal R&D spending to NIH, NASA, NSF, small business, DOE, DOD, etc. We’re killing pump that primes innovation and job creation!!!


Trump’s deficit spending (25% of the nation’s total debt during Trump 1.0) will bankrupt America, just like during COVID and most of Trump's “business” ventures until he leveraged political office for grifting. Trillions are being lost.


And, YES, I have a PLAN that will shrink the deficit, create jobs, and lead to PROSPERITY again.

1. Investment in R&D: Increase NIH, NASA, NSF, DOE investment by 50%. Migrate 50% of INTERNAL NIH lab support to academia and small business/startups/pipeline. My laboratory has made new discoveries regarding spaceflight that are being translated into new therapeutics for Duchenne muscular dystrophy, aging, and metabolic disease.

2. Double taxes on hedge fund managers, crypto. Market manipulation, insider trading, emoluments, grifting need to stop. We also need to balance the budget and making hedge fund managers who win whether the market goes up or down need to pay their fair share.

3. Cut the tax breaks for the top 1% and billionaires on the 2017 tax bill by 50% Have a minimum tax for billionaires.

4. Restore PERSONAL EXEMPTIONS! My middle class taxes INCREASED 30%+ (I have the receipts!) due to the 2017 tax bill so Katy Perry could go to space!

5. Freeze the Standard Deduction (savings). The 2017 tax code punishes home ownership for the working and middle class and rewards rental property and real estate owners in red states (ex. Florida). I wonder who that could be?

6. Restore tax exemptions for truckers and our essential workers! Remove taxes on Social Security benefits. We're taxing a tax!

7. Restore the IG for the Pentagon and flush out 10% savings while modernizing our military. Ya’ll need to talk to Bob Gates and former generals, admirals. Support NATO and Ukraine!

8. Propose saving SS, Medicare, ACA, Medicaid through consolidation of Medicare, Medicaid and ACA into one plan with multiple layers for age, family situation, etc. This will save trillions over 10 years. Include a PUBLIC OPTION that competes with private sector insurance.

9. To create jobs and revolutionize energy - we need a Hu(man) on the Moon project to develop and utilize for power plants FUSION technology. Powerful magnets that use SUPERCONDUCTOR technology have been developed that will safely superheat hydrogen to make helium and use the power of the Sun to provide energy to the people. A massive wave of high tech American jobs will be created.

10. Codify the Congress’ constitutional responsibility to set tariffs and halt the Insanity!


Let’s GO! We can’t wait for the next election. There may not be another one given the nation’s rapid slide into FASCISM.

On #6, its seems the logic is half of your contributions were made by the employer. So taxing a tax may not be accurate. Does that justify the tax? That's another question. But it generally comes from high earners and adds quite a bit of money to the social security trust fund that will have to be made up.

The real crime may be the 18 line worksheet involved in calculating what is to be taxed. I will always do my own taxes, and I dread as I age having to do that because me and worksheets don't get along. Not there yet, but not far off!
 
One thing that pisses me off -- I know I'm not the only one -- is why the billionaires are seeking tax cuts in the first place.

The point of being rich is that you no longer have to trouble yourself with such details. You don't have to make enemies just to save $20M on taxes when your net worth is 200x that. Do they also haggle over whether they got full credit for their discount rewards points at Subway?
 
No tax on tips is some serious bullshit
I have a 40 year old buddy that works at the best restaraunt in a 60,000 pop city
He makes probably 40-50, 000 a year in tips
I mean I am happy for Chris-but its bullshit
Now I have no clue how much in cash tips he declares today
When I tip well-I always leave cash on the table
 
I assume, the Bill the House passed accounted for new tariff money? Then not looking good for the Senate.
 
I assume, the Bill the House passed accounted for new tariff money? Then not looking good for the Senate.
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?
 
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.
 

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.
 
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.
 
They learned that the base doesn’t check since at least Reagan……then there’s Nixon.
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.
 
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.
 
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.
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
 
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
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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