|
||
Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Recent Entries
Psychotic Bitch at Daily Beast Brands Casey DeSantis a "Walmart Melania Trump"
Nike's "Pride:" Woke Company Goes All-In on Transgender Surgery for Minors Chris Licht Out at CNN Wednesday Morning Rant [Joe Mannix] Mid-Morning Art Thread The Morning Report — 6/7/23 Daily Tech News 7 June 2023 Tuesday Overnight Open Thread (6/6/23) DOL-O-MITE! Cafe Quick Hits Update: "Tucker Carlson Ep. 1" Is Posted on Twitter Absent Friends
westminsterdogshow 2023
Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 Cutting The Cord And Email Security
Moron Meet-Ups
NoVaMoMe 2023:
06/10/2023
Registration closes May 31st. Texas MoMe 2021: 10/2o/2023-10/21/2023 Corsicana,TX Contact Ben Had for info |
« Brian Stelter, CNN's #FatJoker, Discusses Important Topic of Dreaming About a "Soft Coup" to Force Trump from Office |
Main
| Complaint Filed Against Hillary Clinton's "Victory Fund," Alleging They Solicited Donations to State Democratic Parties, Using Them as Straw-Man Pass-Throughs Who Immediately Shipped the Money to Hillary Clinton's Campaign »
December 19, 2017
House Republicans Pass Tax Bill; Senate Expected to Vote on Final Passage TonightThe House passed the final version of Republicans' $1.5 trillion tax overhaul on Tuesday afternoon, by a vote of 227-203. A reader wrote to me to point out that while the corporate tax cut is permanent, the cuts to individual rates (achieved mostly by doubling the individual exemption) are only temporary and will, per the terms of the bill being passed, end in four years or so. That's true -- according to the text of the bill. However, I think we have to remember how this bill is being passed. It's being passed through the reconciliation process to avoid the Democrat filibuster -- which, of course, they would deploy, if they could. A bill cannot be passed through reconciliation if it increases the deficit in a ten year window. The bill is written to satisfy those terms -- with a vanishing individual tax cut in four years. On paper, it won't increase the deficit. Obamacare similarly gamed the reconcilliation process by featuring a full four years of tax increases before the six years of tax expenditures under Obamacare. Obamacare only satisfied the no-net-increase-in-deficit due to this gimmick of four years of tax hikes before the big payouts began. I think the "vanishing" individual tax cut is just a similar gimmick. Yes, it's supposed to expire in four years -- for purposes of being compliant with the Byrd rule on the filibuster-proof reconciliation process. But what I imagine they're thinking is that this is the most popular element in the tax plan, and therefore, in four years, it will either be passed anew or Democrats will reap the whirlwind by imposing a big tax hike on Americans. Now, yes, that last part does include the possibility that Democrats will fall on their swords, as they did to pass Obamacare, and cut the individual exemption in half, increasing everyone's taxes. But this seems to me to be a justifiable calculated risk. They probably won't have the guts to do that, and if they do, the odds that they'll lose the next following congressional elections -- and then we'll get the tax cut back -- are good. In addition, there is the outside chance that this big stimulus to the economy (isn't it strange liberals always forget that an economic stimulus can be achieved by tax cuts?!) will goose the GDP growth and increase wages and further lower the unemployment rate -- and substantially increase the GOP's standing with the public before the 2018 and 2020 elections. And they're going to need that. The generic congressional ballot is like 50/39 against them. Maybe this is even a poison pill for Democrats, an insurance policy in case they take the House in 2018. If they take the House, their rabid partisans will demand that they re-hike taxes. In time for the 2020 election. You take what you can, when you can. You take some chances to put yourself in a position to win, and then just hope for the breaks. Below, House Republicans talk up their victory: | Recent Comments
Montec:
"Until Indians will do the same work for 1/3 of the ..."
Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b] : "[i]tech is made by white men. Some of them are ghe ..." Montec: "As someone who's coded professionally for 30 years ..." MAGA_Ken: "Nike also uses virtual slave labor to make its sho ..." Zombie Winston Churchill: "I fear we’ve sunk in to the abyss of a new D ..." Ian S.: "[i]Until Indians will do the same work for 1/3 of ..." Helena Handbasket: ">>> 447 If gender-affirming care prevents suicide, ..." XTC: "456 As someone who's coded professionally for 30 y ..." Piper: "447 If gender-affirming care prevents suicide, the ..." AZ deplorable moron: "Oh wait! The Denver proposal would prohibit groce ..." Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b] : "[i]5 What's the surgery to make a girl a lesbian, ..." Chairman LMAO: "@455 and suspenders. ..." Recent Entries
Psychotic Bitch at Daily Beast Brands Casey DeSantis a "Walmart Melania Trump"
Nike's "Pride:" Woke Company Goes All-In on Transgender Surgery for Minors Chris Licht Out at CNN Wednesday Morning Rant [Joe Mannix] Mid-Morning Art Thread The Morning Report — 6/7/23 Daily Tech News 7 June 2023 Tuesday Overnight Open Thread (6/6/23) DOL-O-MITE! Cafe Quick Hits Update: "Tucker Carlson Ep. 1" Is Posted on Twitter Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |