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Member since: Thu May 22, 2014, 01:34 PM
Number of posts: 31,106

About Me

Working to keep the agenda of President Obama forever. Michelle, Kamala, Cory, Deval, Eric, Elizabeth, Sheryl, Cecile, Elijah,John Lewis, Dr King, LBJ. And a woman shall lead us. "Doesn't matter I I'm not enough, for the future or the things to come"(C)EG)."There's a crack in everything, that's how the light gets in"(c)Leonard Cohen, anthem

Journal Archives

AHH Day 253 TAXES-donald trump Robbing Hood to give to the 1%, trump bigly benefit of tax plan

personal note before the article-
Would you believe (in my best Maxwell Smart) that over 1/4 of all poor/middle class will actually be hit
with a tax increase, if the trump/Bannon/Ryan tax plans goes through

Robbing the poor and working class to pay for the billionaires, along with the sleight of hand of
only calling SOME business small and not self-employed business (or many others.)

Here is a great, concise piece about just how sleight of hand the trump/Ryan/McConnell tax plan is-
(interesting is how many voters who voted for trump will indeed be some of the biggest losers,
though trump won't tell them, and the Bannon media will just fake news lie)
(c) allows the entire complete reposting of any item on their site, so long
it is attributed, with a link to the article and the (c) (v) mentioned (as is being done here)

Trump Announces "Wizard of Oz" Tax Reform Plan

"Pay no attention to that man behind the curtain," thunders the Wizard of Oz in the classic 1939 movie, hoping to keep Dorothy Gale and her friends from discovering that he's deceiving them with flashy parlor tricks. That's a pretty good way to think of Donald Trump's newly-announced tax reform plan. After weeks of behind-the-scenes discussions, the administration appears to have learned nothing from the Obamacare fiasco, and has come up with a proposal that is exceedingly unpalatable, so much so that they are clearly hoping most people will be fooled by the various parlor tricks cooked into the plan, and that nobody will pay much attention to the man under the orange curtain.

The proposal, of course, is full of goodies for the rich. As expected, it would cut the top marginal rate 39.6% to 35%. Since it requires an income of over $470,000 a year to qualify for that bracket, this benefits only the wealthy. Similarly, Trump wants to eliminate the estate tax entirely. Since the first $5.5 million in value is already exempt, this is again a concession only for the very wealthy (only 0.2% of American estates pay this tax). The president would eliminate the alternative minimum tax, which exists to keep very wealthy people like him from reducing their tax burden too aggressively. He would also reduce the tax burden for "small businesses" to 25%. This latter proposal will be marketed aggressively using phrases like "middle America" and "job creators." However, the proposal actually defines "small businesses" as "pass-through entities," which includes partnerships, limited liability companies, and S corporations. Certainly, there are some small businesses that are constructed in this way. However, these devices are also used by the ultra-wealthy to avoid paying personal income tax. Readers will never guess, for example, which prominent American billionaire owns over 500 pass-through entities all by himself. Let's just say he's under the orange curtain.

Of course, it wouldn't just be wealthy individuals who would receive an early Christmas present. The corporate tax rate would be slashed from 35% to 20%. Also, those corporations that have money and property stashed overseas—Apple, Google, and Microsoft are among the most prominent—would be allowed to bring those assets into the United States at a sweetheart rate of around 10%. Because if there's anything a company like Apple needs, what with its $321 billion in assets, it's a tax break.

Meanwhile, many not-so-wealthy Americans would take a beating, often while being told that the Trump tax plan is actually better for them. For example, the plan proposes doubling the standard deduction. This is used by people who do not itemize their tax returns, and makes a certain portion of their income tax-free. So, doubling it means more tax-free income, right? Not so fast. Trump wants to change the rate structure for single-parent households, which would result in some of the nation's most vulnerable parents paying more (while raising some of the most vulnerable kids). He also wants to get rid of the personal deduction of $4,000 for each household dependent. Currently, a two-person household (say, a married couple) gets about $12,000 in standard deductions, and $8,000 in personal deductions, for a total of $20,000 in (effectively) tax-free income. Under Trump's plan, the $12,000 would double to $24,000 and the $8,000 would go away, for a net gain of $4,000. A three-person household (say, a married couple with one child) currently gets the same $12,000 in standard deductions plus $12,000 in personal deductions, for a total of $24,000. Their deduction would also jump to $24,000, their personal deductions would also drop to $0, for a total of $24,000. So, for them, it's a wash. And beyond that, it's a net loss. Two kids? Minus $4,000 in deductions. Five kids? Minus $16,000 in deductions. 19 kids and counting? Minus $72,000 in deductions.

And it's not just the not-so-wealthy that would get the short end of the stick. Trump also wants to put the kibosh on the state and local tax deduction. This would hurt people with moderate to high incomes in states with high income taxes. Which states particularly fit this bill? Well, here are those that are in the Top 15 in both state income tax rate and per capita income: New York (#1 in taxes, #15 in income); Maryland (#3, #1); Minnesota (#4, #12); California (#5, #9); Massachusetts (#6, #6); Connecticut (#7, #5); Hawaii (#14, #2); and Virginia (#15, #8). We're having our research team look into how those states voted in 2016; we suspect there might be some sort of pattern here.

There are a few other nuances, but this is the meat of the plan. So what we really have here, once the smoke and mirrors are cleared away, is a scheme that gives money primarily to very wealthy people, and does so by taking it out of the pockets of single parents, larger families, and residents of blue states. And even then, the scales won't balance. Trump is promising 6% annual growth for the rest of his term, which might indeed make his plan revenue-neutral if it happened, but that is about as likely as a herd of unicorns appearing at his next rally. According to the World Bank, the U.S. has achieved that level of growth precisely once in the past 50 years (1973), and has never pulled it off for three years in a row. Consequently, it is almost certain that the Trump plan will blow a giant hole in the budget. This will mean borrowing more money, and then will eventually culminate in a crisis of some sort, most likely to manifest itself when a Democrat is in the White House, left holding the bag.

So, could this plan really become law? The general consensus has been that changing the tax code is even harder than changing the healthcare system, and so success on the tax front is unlikely. Perhaps we should be rethinking that conclusion. If the financial and political might of America's corporations is added to the financial and political might of America's richest individuals (like, say, the Kochs), that's a pretty formidable combination. Then we keep in mind that somewhere between 45 and 49 GOP senators were ready to vote for a health-care bill this week that many of them hated, just because they needed so badly to deliver on one of their campaign promises. Many of those individuals are going to be thrilled by this plan, and even the ones who aren't might hold their noses and vote for it so the GOP doesn't go a whole year without any major legislative accomplishments. There will certainly be vocal opponents of Trump's plan, particularly as the details are hashed out. But can the blue states, plus advocates for working families, plus a few other lobbying groups really match the pressure that's being applied from the other side? It probably depends on voters in a few purplish states, who might take notice of what's going on, and make their Republican representatives and senators fear for their political lives at town halls, via phone calls, and so forth. On the other hand, the voting public may be weary of fighting back after almost a full year of scandals and squabbling, or may be fooled by Donald Trump's parlor tricks, and may not push back at all. We shall soon see. (Z)
Posted by graham4anything4HC45 | Sat Sep 30, 2017, 07:39 AM (5 replies)

Day 252c Thank you Jerry Brown. California moves their primary to March 3, 2020

(how about a Kamala/Amy ticket?

California Moves Presidential Primary to March 2020
“Backing an effort for California to claim a bigger share of the attention from presidential candidates, Gov. Jerry Brown has signed a bill moving the state’s primary elections to early March,” the Los Angeles Times reports.
“Brown’s decision, announced without fanfare on Wednesday, means the state will hold its presidential primary on March 3, 2020. It’s a reversal from a decision he and Democratic lawmakers made in 2011 to push the state’s primary elections back until June, after years of trying — and failing — to entice major candidates to bring their campaigns to California instead of smaller, more rural states.”

for this thread-
Posted by graham4anything4HC45 | Wed Sep 27, 2017, 07:17 PM (20 replies)

Day252B I remember they told Claudette Colvin & Rosa Parks to get up too, yet they persisted

and they told Tommy and John to stop it
but they persisted

not surprising that Senator Kamala Harris made Jeff Sessions nervous
But she persisted

Claudette and Rosa were told to stand
They stood for something
They persisted

If you don't stand for something, you stand for nothing.

Posted by graham4anything4HC45 | Wed Sep 27, 2017, 12:44 PM (7 replies)

Day252 Democratic Party 8-0, ACA lives Obama wins, trump an abject failure, loses bigly in Alabama


music to celebrate-
Simon & Garfunkel
Feeling Groovy(the 59th street bridge song)

Sept. 27, 2017
Posted by graham4anything4HC45 | Wed Sep 27, 2017, 12:26 PM (5 replies)

Day247 I am proud of Hillary Clinton, President of the Popular Vote, SHE PERSISTED

gotta play catch-up so short posts
(I know, I know, no one believes I can make a short post)

and, reading the book, guess what, the rightwing and alt-media is harping on things that are just a small part of the book. (Should have known if Bannon and Roger Stone and Breitbart and all were running negative things,
they of course would attempt to stir up trouble.

and you know what, if indeed it is shown that it happened, (that I myself 100% already believe beyond a shadow of a doubt did happen), there is no reason not to

Re-elect Hillary Clinton 2020.

and though one cannot bet on politics here, I am telling my overseas friends that if the odds
go 100 to 1 for Hillary to win, not a bad proposition, is it?

Meanwhile, thanks to the admins for bringing the board back to normal (or is that abby-normal?)
Posted by graham4anything4HC45 | Thu Sep 21, 2017, 03:35 AM (36 replies)

this is way too time consuming to attempt to post and then it don't show

Nothing posted yesterday
will try again in the morning

205 am eastern

and as I have no idea if this will post, might as well add-

there are a number of political things that really bother me the last few days
including the stealth return of Republicans attacking the ACA
and the fact that no one posted anything about that "All American" terrorist/thug/murderer/hate crime who killed
(at least that we know) 2 Black men in a most vile crime and quite violent, with the man )
(going to attempt to post this, but for now link (there are many, this one)- here-
and I just read (sometimes I let the NY Times stack-up (especially the other sections daily/weekend and don't get to read all of it for a few weeks/month, found a most-very interesting article
on the unfit illegit trump that I need to post
(so these are reminders to post.

Hope they fix the board, and it's not a precursor to this board disappearing
(but like the now proven Kobach / Kobashing the vote / way of voter suppression, how many people
are going to keep coming back here if this problem keeps going on and one can't get a page to open,
or to post?

hopefully board will be fixed before

Posted by graham4anything4HC45 | Wed Sep 20, 2017, 02:27 AM (0 replies)

Day246 COOL! Popular vote winner Hillary Clinton may contest the legitimacy of 2016 election

Popular vote winner Hillary Clinton may contest the EV as she told NPR in a direct response.

Meanwhile trump is busy tweeting deplorable insults on the Emmy Awards

Hey Donald- Alec Baldwin got that Emmy you have always whined not getting. How cool is that.

trump is unfit and illegit and the fix was in.

Hillary is 100% correct.

(note- this board is not working correctly, so will hope this post gets up, and might edit
later on).

Posted by graham4anything4HC45 | Mon Sep 18, 2017, 07:00 PM (17 replies)

No matter what one thinks of Hillary, one thing is true- 100% of what she says is true

in regard to at least 16 of the 17 reasons, and I would just switch the word to the "Bobs" and the 17th
also is true.

One may quibble about the order of the 17, but none are false, fake lies or untruths.

All apply.

(that is assuming any of what is being bandied about in the media is actually in the book, which as of
the moment, have not read and was actually said by President Clinton and note, this has nothing to do with 2020.).

that's my opinion
550pm eastern time
Sept.16, 2017

Posted by graham4anything4HC45 | Sat Sep 16, 2017, 05:50 PM (14 replies)

Day 241 Steve Bannon, who creates fake news, and is trump's defacto day to day leader

because it goes without saying, that the deplorable Bannon who has an agenda he himself writes,
would go on tv and tell lies. IMHO


No Stevie it was Preet.

Once Preet was fired, it was obstruction of justice.

and turned it into a state and federal issue, not just one.

It is obvious Preet knew not only that trump's jig was up, but that at some point soon,
trump's gig will be up and trump knows it

Which is why he fired Preet.

Running and thinking he would get away with it, was trump's biggest mistake.

meanwhile, shifty lying eye jeff sessions took the 5th or some sick version of it, and outright lied
attempting to hide the facts and just the facts.
that lying eye of his gave it all away (along with the code words "Kamala Harris made him nervous."

For good cause and reason it goes without saying.

Nixon was smart and there were two Nixon's. (Good and Bad).
trump is trump. and then trump did it again as did his not too smart Jr.
(reminds me of another father/son similar name team).

Go Preet
Go Eric
Go Mueller
Three pillars of virtue, truth, justice and all that jazz.

Day 241
as the clock tick tocks

(btw- why is he even on tv? His home is fox and he is creating a new network paid for by
the billions/millions from the Mercer's (Robert Mercer and Rebekah Mercer).
Why is bannon even on other stations?
Posted by graham4anything4HC45 | Mon Sep 11, 2017, 02:28 PM (10 replies)

Day240a LOL-article asks- Will the new donald stick?

note-1- there is a bad curse word in the article's first paragaph so a few symbols were adding in lieu of the letters.
note-2- remember the Twilight Zone- Jim, it's a serve man, it's a cookbook"

but, hey, maybe the Democratic party can hoodwink Donald to make him think he is popular by telling him
you can get people to love you, just nominate the Honorable Merrick Garland and they will adore you.
(hey, it's worth a try).

Trump adviser tells Mike Allen that after a tumultuous seven months in office, it had finally dawned on the president: People really f*%$ing hate me.
For someone who has spent his life lapping up adulation, however fake, it was a harsh realization. This is a man with an especially acute need for affirmation. This week's bear hug of Nancy Pelosi and Chuck Schumer opened Trump's eyes to one solution: Stop doing things that people hate, and start striking deals.
An important point: But we can't overstate the level of despair among Republicans.
Posted by graham4anything4HC45 | Sun Sep 10, 2017, 01:28 AM (3 replies)
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