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Tag Archives: tax cut

Donald Trump is coming soon to a city near you

26 Saturday Aug 2017

Posted by willykay in Uncategorized

≈ 4 Comments

Tags

Donald Trump, missouri, Springfield, tax cut, Tax policy

Springfield. That’s the city. And it’s true that Donald Trump will be there next week. Wednesday to be exact.

Trump’s gonna talk about his tax plan. Except that he doesn’t have a tax plan.

According to Trump’s Chief Economic Advisor, Gary Cohn, the Trumpies have a “great, I would say, skeleton. We need the Ways and Means Committee to put some muscle and skin on the skeleton and drive tax reform forward.” Which means that Trump and his not-such-wunderkinds are going to let congress – the same congress he’s been busy bad-mouthing – fill in the details and “solve the big questions that remain unanswered.”

Just like Trump’s recipe for “wonderful” healthcare. Remember the bang-up job congress and Trump did with that one?

So, if there’s no real plan, what exactly will Trump be selling when he comes to Springfield? Obviously, as the White House has said, there will be no specifics. Instead, according to an unnamed administration official, he’ll “advocate broad themes of middle-class tax cuts, simplifying the tax code and making businesses more competitive in a way that encourages job creation.”

In other words, he’s coming to Missouri to sell us a pig in a poke – and trying to persuade us, sight-unseen that, just like his healthcare plan, it’s the best ever. Certainly the best Pavlovian buzz-words ever.

We can only hope that there are at least a few Missourians who are on to this game by now.

We’ve heard Trump’s faux populist palaver about cutting middle-class taxes for a long time. It’s faux populism because it’s not really true.

The broad-stroke proposals released during the election campaign last year along with the similar outlines that were shared in April and July of this year, very emphatically were not designed to benefit the middle class – although they offered Trump’s homies, that is, the very wealthy, a super-sweet deal. Buzz is that this latest stinker’s just more of the same – and that the wealthy and super-wealthy will do just fine, as usual, on the backs of the middle class.

The devil, of course, is in the details, and the fact that we have no details – even though these bozos have had seven months to fill in the blanks – suggests a very unpleasant product is in the offing although the perpetrators of the proposed reform will be doing all that they can do to disguise its shortcomings. The fact that Paul Ryan will have a hand in crafting the details is not reassuring. We’ve seen his budget proposals in the past and they are not, to put it mildly, friendly to the less than wealthy.

Anne Kim at The Washington Monthly argues that, while there is plenty of room for real tax reform, given the inability of the White House to provide serious direction when it comes to the hard decisions – and I would add, because of the ideological bent of the GOP-dominated Congress – we’ll probably get nothing more than tax cuts with the potential to do lasting harm:

Given all this, it’s highly doubtful that anything the GOP Congress puts forward this fall will truly count as “reform.” Rather, the likeliest scenario is a modest—or not so modest—set of corporate tax cuts aimed at placating the president and his base and, of course, squeezing vulnerable swing-state Democrats into making difficult pre-election choices. As Trump adviser Kellyanne Conway signaled as early as January, Trump would be just as happy with tax “relief” as he would be with “reform.”

A tax cut package disguised as reform could do serious damage—such as by blowing a mile-high hole in the federal deficit while aggravating the blatant inequities of the current system. More significantly, it would be an enormous missed opportunity for genuine discussion about the kinds of reforms that could grow the economy and make it fairer for working-class Americans.

(A word to the wise: Keep in mind the part about “squeezing vulnerable swing-state Democrats into making difficult pre-election choices” when you hear  Democratic Senator Claire McCaskill try to make nice with tax-cutting Trump.)

It has been suggested that Trump is coming to Missouri rather than to Kansas because Kansas has been reduced to near financial ruin through the implementation of the type of tax cuts he wants to see enacted on the national level. And although Missouri is now experiencing the consequences of similar, if not as extreme, ideologically motivated tax-cuts, there are plenty of true-believers here intent on not learning the lesson of Kansas – and plenty of self-interested money-men – e.g., billionaire Rex Sinquefield and his ilk – who encourage their wilful blindness with plentiful dollops of campaign cash.

Nevertheless, it’ll be interesting to see how Trump’s sales spiel will be received by Missourians other than the hard-core, ever- salivating base. John Danforth, the Dean of traditional Missouri Republican circles, recently attempted to exorcise Trump from the GOP body politic when he declared in a WaPo op-ed that the GOP “cannot allow Donald Trump to redefine the Republican Party.” I’m gonna go out on a limb here and predict that Danforth will have to sit on a similar limb all by himself.

It already looks like lots of Missouri GOP good ol’ boy and gal pols will be more than willing to let The Donald redefine the party any old way he wants to as long as they get the tax “reform” for which their financial supporters have been clamoring. The question is, though, how will the rest of us welcome Trump and his bloviations to Missouri? Are Missourians still as susceptible to the empty blandishments of the conman-in-chief as they were in fall 2016?

Image

Tax Cut Tug-O-War

11 Wednesday Sep 2013

Tags

Corporate Taxes, Education Funding, House Speaker Tim Jones, Jay Nixon, Missouri Education, Missouri House Bill 253, Missouri Legislature, Missouri Republican Party, Rex Sinquefield, sales tax, tax cut, veto, veto override

Posted by Michael Bersin | Filed under Uncategorized

≈ Leave a comment

The republican majority in the Senate stops middle class tax cut 36-53, President Palin is pleased

05 Sunday Dec 2010

Posted by Michael Bersin in Uncategorized

≈ Leave a comment

Tags

class warfare, Congress, HR 4853, middle class, missouri, Senate, tax cut, wealth redistribution

An explanation of the sausage making.

The vote:

U.S. Senate Roll Call Votes 111th Congress – 2nd Session

Question: On the Cloture Motion (Motion to Invoke Cloture on Motion to Concur in the House Amdt. to Senate Amdt. With Amdt. No. 4727 to H.R. 4853 )

Vote Number: 258 Vote Date: December 4, 2010, 10:30 AM

Required For Majority: 3/5 Vote Result: Cloture Motion Rejected

Amendment Number: S.Amdt. 4727 to H.R. 4853 (Airport and Airway Extension Act of 2010, Part III)

Statement of Purpose: To change the enactment date.

Vote Counts: YEAs 53

NAYs 36

Not Voting 11

And they managed to do so with 11 republicans not voting. Is this a great country, or what?

Missouri republicans voted “no” because billionaires deserve an even bigger windfall

02 Thursday Dec 2010

Posted by Michael Bersin in Uncategorized

≈ Leave a comment

Tags

class warfare, Congress, HR 4853, middle class, missouri, tax cut, wealth redistribution

The middle class tax cuts (for everyone, including millionaires and billionaires) for income up to $250,000.00 passed in the House this afternoon. All but three republicans voted “no” because they think millionaires and billionaires deserve even more money. In voting “no”, they voted against tax relief for the vast majority of working Americans and their families.

FINAL VOTE RESULTS FOR ROLL CALL 604

H R 4853      YEA-AND-NAY      2-Dec-2010      3:55 PM

QUESTION:  On Motion to Concur in the Senate Amendment with an Amendment

BILL TITLE: Airport and Airway Extension Act of 2010, Part III

—- YEAS    234 —

Carnahan

Clay

Cleaver

Skelton

—- NAYS    188 —

Akin

Blunt

Emerson

Graves (MO)

Luetkemeyer

[emphasis added]

Well, bless Ike Skelton (D).

I can see the ads from organized labor in the 8th Congressional District in two years attacking Jo Ann Emerson (r) for voting with Speaker Boehner 95% of the time. Yeah, right.

Here’s an explanation of the sausage making:

Today in Congress

….What the hell is going on here?

The Airport and Airway Extension Act of 2010, Part III was originated in the House and passed back in March. (And remember, if there are going to be revenue provisions in this thing, it has to have originated in the House, so that’s important.) It then went to the Senate, and sat around until September.  When it came to the floor, the Senate amended it, passed the amended version, and sent it back to the House.

Now, the House plans to take up the Senate amendment, which it does under a rule governing debate, just as it would with any bill. And if you want to, you can write the rule for the bill to disallow any amendments to it, and that’s just what they’ve done with this one. But writing a rule to disallow a motion to recommit is just not done. It could be done, but it would be a very, very serious infraction against the rights of the minority. So it’s not done.

But guess what? Because this is a bill that’s already passed and left the House, and the only changes in it are Senate-made amendments, it can’t be recommitted, which means there can’t be a motion to recommit. Why not? Well, when a motion to recommit passes, it technically sends a bill back to the committee that reported it out. But this bill has already left the custody of the House when it passed the first time. That material can’t be recommitted, and neither can the Senate material, which was never in the hands of the House committee in the first place. So by definition, it can’t be recommitted. The only thing that can happen is that the House can agree to the Senate amendment, disagree to it, or agree to it with additional amendments. That’s it. No recommittal. And only the amendments the Rules Committee allows.

And what amendment will the Rules Committee allow? An amendment to strip out the current contents of H.R. 4853, and replace it with the new, Middle Class Tax Relief Act….

Well, let’s see what the Senate does. Claire?

What's your Obama Tax Cut?

07 Sunday Sep 2008

Posted by Michael Bersin in Uncategorized

≈ 1 Comment

Tags

missouri, Obama, tax cut

Obama says he’ll cut taxes for 95 percent of American families. The non-partisan Tax Policy Center has figured out what that means for you. Just click on this link, fill in three pieces of information, and get an estimate of your tax cut.

After I did mine (we got back $47 and change), I filled in info for someone making less (single, two dependents, $50,000) and found out she’d get back $613. That sounds fair to me. But then I tried it for a married couple with no dependents making $200,000 and they’d get back $5,856. Huh?

One could argue that they pay so much more in taxes than I do that it’s fair for them to get more back. But if that’s so, then why don’t we get more back than someone earning $50,000? I’m not so much complaining as just … sayin’. Huh?

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