Treasury, IRS move to block blue state workarounds on tax caps
The Treasury and IRS have issued new rules that will block blue states' attempts to circumvent the new $10,000 cap on state and local tax deductions.
The proposed regulation was released Thursday afternoon.
A heavily-biased poll says voters love the big GOP tax cut.
Remember how Trump promised us that cutting the corporate tax rate would encourage corporations to invest in America, which would turn into jobs? Yeh, I know. To believe that would require not knowing how economics work.
Corporations only invest in production when they expect more demand. Without demand, corporations will do stuff like this.
This headline says it all: Democrats ready year-long assault against tax cut package
The article came with this photo.
Almost everyone other than Republican voters knew this was the case, but it rarely gets admitted by a Republican politician in public.
If there is one tax reform measure that 99% of the American public can agree on is to not give tax subsidies to companies that offshore American jobs overseas.
This tax break for sending away jobs was signed into law by Bush in 2004.
As Congressional Republicans work hard to cut corporate taxes in order to boost economic growth (which is "totally not a huge giveaway to the wealthy elite and ownership class at the expense of the working class" wink, wink), a new poll came out concerning who still believes in trickle-down economics.
I guess I have a problem with greatness. Great at what? Great perpetrator of violence? Great extractor of resources? Great polluter and destroyer of the environment? Great military power? Great imprisoners? Great torturers? Great liars? If those are the categories...
then America is G R E A T !
If we're talking about the best country in which to live, then the US is way down the list. I'm not a magic mirror so I can't really say which country is best...probably depends on your lifestyle, but my money would be on one of the Scandinavian countries...or maybe New Zealand...or Bhutan...or...? Regardless of which country is best, many other countries offer their citizens better opportunities and lives than the US offers its citizens. The entire concept of being great is a farce.
You think things in Washington were ugly before? Just watch.
If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!
It's an interesting historical moment, when the domestic political environment is obsessed with the present and recent past, that the politicians and public cannot see that we are on the verge of a systemic change.
All the memes, all the talking points, all the political plans and agendas, are about to be shitcanned and forgotten.
