A thread for Democrats Only
POSTED BY: THGRRI
UPDATED: Sunday, September 6, 2026 15:36
VIEWED: 755368
PAGE 455 of 725
Watched the video; good.
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Hakeem Jeffries: "GOP Tax Scam increased the federal debt by $2,000,000,000,000 (two trillion). 83% of the benefits went to the wealthiest 1%. Senate Republicans are now lecturing us about fiscal austerity. During a pandemic. GET LOST."
https://twitter.com/RepJeffries/status/1340306493581750272
On The Deficit, GOP Has Been Playing Us All For Suckers
https://www.forbes.com/sites/stancollender/2018/04/15/on-the-deficit-g
op-has-been-playing-us-all-for-suckers/?sh=4f30af5f4694
The Congressional Budget Office last Monday released a report that for the first time officially projected the federal deficit rising to almost $1 trillion in 2019 and then staying at or well above that previously unfathomable level every year through 2028.
As I first pointed out in this post, these projections almost certainly underestimate the actual deficit that will occur because CBO assumes that current law will be followed. In this case, that means assuming that the individual cuts put in place by last year's tax bill that are set to phase out will, in fact, expire as scheduled. As Catherine Rampell noted in the Washington Post last Friday, if, as seems likely, the cuts are extended, the budget deficit will be an additional $2.6 trillion higher than what CBO estimated.
Just a few months after the tax bill was signed, the GOP-controlled Congress agreed to increase federal spending and the budget deficit by another $130 billion or so.
Think about this. The same congressional Republicans who over the previous eight years wanted everyone to believe they were fiscal conservatives hell-bent on balancing the budget and not increasing the national debt, sponsored, passed and then danced around the fire because of legislation that will result in a permanent $1 trillion deficit and a debt that will soar to close to 100 percent of GDP by 2028.
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Quote:
Originally posted by THG:
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Why rush?
Nobody is getting what they think they're going to get.
What have you done today to earn your place in this crowded world? :)
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Quote:If it requires Republicans to get something done, they'll make sure it doesn't get done. For Christmas, without the cooperation of any GOP Congressmen, the Democrats got rid of traitor Robert E. Lee. The Texas Republicans I know want to put Lee back on a pedestal. There is a Lee College in Baytown Texas. It's that Lee, the one who should have been executed by hanging. Instead, he has a college. I'm thinking that Baytown needs a Trump College to show what the white people want.
Originally posted by 6IXSTRINGJACK:
Why rush?
Nobody is getting what they think they're going to get.
A statue of Confederate General Robert E. Lee was removed from the U.S. Capitol overnight.
The statue has stood with one of America's first president, George Washington, as the state of Virginia's contribution to the National Statuary Hall Collection at the Capitol for more than 100 years.
Virginia Governor Ralph Northam, a Democrat, announced on Monday the state will seek to have it replaced with a statue of civil rights icon Barbara Johns.
“We should all be proud of this important step forward for our Commonwealth and our country,” Northam said. “The Confederacy is a symbol of Virginia’s racist and divisive history, and it is past time we tell our story with images of perseverance, diversity, and inclusion. I look forward to seeing a trailblazing young woman of color represent Virginia in the U.S. Capitol, where visitors will learn about Barbara Johns’ contributions to America and be empowered to create positive change in their communities just like she did.”
A representative from Northam's office was present for the removal along with Sen. Tim Kaine (D-Va.) and Rep. Jennifer Wexton (D), who represents a large swath of Northern Virginia in Congress.
Speaker Nancy Pelosi (D-Calif.) called the development “welcome news.”
“The Congress will continue our work to rid the Capitol of homages to hate, as we fight to end the scourge of racism in our country,” she said in a statement. “There is no room for celebrating the bigotry of the Confederacy in the Capitol or any other place of honor in our country.”
Earlier this year, a state commission tasked recommended the removal of the statue from the Capitol.
The commission, led by State Sen. Louise Lucas (D) voted unanimously to remove it.
“Confederate images do not represent who we are in Virginia, that’s why we voted unanimously to remove this statue,” Lucas said in a statement. “I am thrilled that this day has finally arrived, and I thank Governor Northam and the Commission for their transformative work.”
More at https://thehill.com/homenews/531103-robert-e-lee-statue-removed-from-u
s-capitol
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:Quote:If it requires Republicans to get something done, they'll make sure it doesn't get done.
Originally posted by 6IXSTRINGJACK:
Why rush?
Nobody is getting what they think they're going to get.
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Quote:
Originally posted by 6IXSTRINGJACK:
Nobody is getting what they think they're going to get.
Please tell us what "we" think we're going to get, because I have no idea what I think.
Also, tell us what you KNOW we're going to get so we can laugh when it doesn't happen. "Trump in a landslide" is getting old.
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The Biden administration could try to close loopholes that make the U.S. estate and gift tax easy to avoid.
Rich Americans are rushing to make large transactions before the end of the month, trying to get ahead of any moves next year by President-elect Joe Biden and Democrats in Congress to raise taxes or close loopholes.
Some advisers say they’re busier than ever in the last weeks of 2020, especially with helping clients transfer wealth to the next generation tax-free while they still can. Appraisers, who are crucial for valuing assets used in these estate planning strategies, have been inundated.
Requests for property appraisals have quadrupled at New York firm Miller Samuel Inc., President Jonathan Miller said. By late November, he had to start turning away clients.
“We physically can’t handle all the year-end deadlines at this point,” Miller said. “We started doing this after the Thanksgiving holiday and it’s been extremely frustrating.”
The year-end frenzy is a surprise to many advisers, because Republicans did better than many expected in congressional races. The results suggested Biden may have a difficult time fulfilling campaign promises to raise trillions of dollars in new revenue from the wealthy.
‘Very difficult’
Two run-off elections in Georgia on Jan. 5 still give Democrats a chance to win 50 seats in the Senate, affording them control of the chamber with Vice President-elect Kamala Harris casting tie-breaking votes.
Even if Democrats win both races in Georgia, “it’s still going to be very difficult for the president-elect to really get significant tax reform done with a split Senate,” said Benjamin Berger, a partner at RSM U.S. and co-leader of the accounting firm’s national family-office practice.
Nonetheless, tax changes are still possible in 2021, and the Biden administration could also try to close the many loopholes that make the U.S. estate and gift tax easy to avoid. “I can see a situation where Treasury issues regulations that make it more difficult to do effective estate planning,” Berger said.
The 2017 Republican tax law signed by President Donald Trump doubled the amount the wealthy could pass to heirs without paying the estate and gift tax, to $11.58 million for individuals and $23.16 million for couples this year. That and other provisions of the law expire in 2026, giving the rich another reason to make moves sooner rather than later.
More at https://www.crainsnewyork.com/finance/rich-americans-who-fear-higher-t
axes-hurrying-move-money
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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