Biden Is as Giddy About Proposing $2 Trillion in New Taxes as He Is for Each Coming Tapioca Night

A transformative vegetable.

He's angry about Obama disrespecting and insulting him -- for the first time in my adult life, I'm proud of Obama -- and is getting his stupid vengeance by out-woking and out-leftwinging even Obama. He's an extremely egotistical guy.

Did you know he was an All-American Flankerback for the University of Delaware in nineteen aughty-six? He actually almost accepted a commission to go to Annapolis but he decided against it because they had a quaterback named Roger Staubach and he wouldn't have needed an All-American Flankerback.

He also marched on Selma about forty-seven times. No wait -- forty-eight times. He forgot the time when he was Literally a Puerto Rican Freedom Fighter and joined a march in Brown-Black solidarity.

Remember, this is the man NeverTrump sold as a moderate centrist. And also, as being smarter and more psychologically centered than Trump.

Can't wait to read Jonah Goldberg's praise of Biden's new tax scheme.

President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decade, setting up a battle royal with Republicans on Capitol Hill.

Right, Democrats famously raise taxes by trillions and then devote every single dollar of that sweet new Government Allowance Money to paying down the previous debts they've run up. They don't just spend the money on Hot New Government Spending for their client groups while also borrowing more money or anything.

So yeah, this two trillion? Right into deficit reduction.

Bank on it. My word as a Biden.

Biden told lawmakers during his State of the Union address last month that his budget will lower the deficit and extend the solvency of the Medicare Trust Fund "by making the wealthy and big corporations begin to pay their fair share."
He has pledged not to raise taxes on anyone earning less than $400,000 annually.
The White House on Tuesday unveiled a proposal to raise the Medicare surtax on earned and unearned income above $400,000 from 3.8 percent to 5 percent.
Late last month, the president proposed a new tax on wealthy households that would require individuals and families worth more than $100 million to pay a 20 percent tax on income and the unrealized gains of liquid assets such as stocks.
Republicans say Biden's budget will be dead on arrival when the president formally sends it to Capitol Hill on Thursday.
"You know the president's budget is replete with what they would do if they could -- thank goodness the House is Republican -- massive tax increases, more spending," Senate Republican Leader Mitch McConnell (Ky.) told reporters.
...
Biden is expected to reintroduce two staples of his 2021 Build Back Better agenda, raising the top marginal income tax rate from 37 percent to 39.6 percent and raising the corporate tax rate from 21 percent to 28 percent.

So centrist!

Posted by: Ace at 05:00 PM

Comments

(Jump to bottom of comments)

1 That's how I farzrohr.

Posted by: fd at March 09, 2023 05:00 PM (iayUP)

2 This substanceless comment is a tax on your patience.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 09, 2023 05:00 PM (ppBhU)

3 At this point taxes are merely abuse of the ruled by the ruling class

Posted by: Kindltot at March 09, 2023 05:01 PM (xhaym)

4 That "flankerback" gag is pure gold.

Posted by: spongeworthy at March 09, 2023 05:02 PM (vZqvS)

5 It's a pointless exercise. I guess it keeps him busy and thinking he is doing something.

Posted by: fd at March 09, 2023 05:02 PM (iayUP)

6 It's a pointless exercise. I guess it keeps him busy and thinking he is doing something.

It's either that or the maze where you get a piece of cheese, and he keeps failing those.

Posted by: Archimedes at March 09, 2023 05:03 PM (eOEVl)

7 The only point of this idiotic exercise is so that when the financial crash comes, along with hyperinflation (which they all know is coming) the left is planning to try and get out of the blame for it by saying "nuh-uh!!! we tried to pass tax increases and you knuckle dragging insurrectionists wouldn't pass it, so it's all your fault!!!"

Posted by: Tom Servo at March 09, 2023 05:03 PM (trdmm)

8 Even Democrat media, which is all the media, seems exasperated at this proposal. NBC called thee tax pproposals "rehashes of tax increases the Democrats could't pass when they controlled both houses".

Posted by: Huck Follywood at March 09, 2023 05:04 PM (5cWNQ)

9 The only way the deficit get reduced is everything goes to crap.

Posted by: fd at March 09, 2023 05:04 PM (iayUP)

10 2 comments today, and two willows! On a roll I tell ya!

Posted by: tubal at March 09, 2023 05:04 PM (PCK5/)

11 Republicans say Biden's budget will be dead on arrival when the president formally sends it to Capitol Hill on Thursday.

We may hate them, but it's hard to deny that this is better than a Democratic House. Some will try.

Posted by: Archimedes at March 09, 2023 05:04 PM (eOEVl)

12 That "my word as a Biden" made me remember something. Yesterday I was driving on the Beltway in Maryland, very close to DC. On an overpass, written in huge capital letters, was "HUNTER HIDEN." The words stretched across the whole overpass, over four lanes of traffic. I was thrilled to see it.

Posted by: bluebell at March 09, 2023 05:04 PM (pTb/Z)

13 It will happen and the GOP will help it happen.

Posted by: gourmand du jour, back to bipedal status at March 09, 2023 05:05 PM (jTmQV)

14 Ooh ooh ooh ooh ooh
And He's buying a stairway to, Air Force One
There's a sign on the wall
But she wants to be sure
'Cause you know, sometimes words have two meanings
In a tree by the cook
There's a songbird who swims
Sometimes all of our thoughts are misgiven

Posted by: Hatari somewhere on Ventura Highway at March 09, 2023 05:05 PM (S+j2h)

15 Biden told lawmakers during his State of the Union address last month that his budget will lower the deficit and extend the solvency of the Medicare Trust Fund "by making the wealthy and big corporations begin to pay their fair share."

I'm all for it anymore. At least dodging those taxes will give the wealthy and big corporations something else to do, rather than focusing all their free time on how to lead a social revolution.

And besides, whenever the enemy of my enemy attacks my enemy - I just cheer for casualties.

Posted by: Just The Way It Is at March 09, 2023 05:05 PM (/P0vp)

16 No shit, I think the Republicans should make it even harsher on the billionaire oligarchs- and then vote for it. Absolutely dare Biden to forgo signing his own bill. I know the Wall Streeters will simply cheat it, but look at the Panama Papers. How far do they want to go?

Posted by: trev006 at March 09, 2023 05:05 PM (DTm0P)

17 Taxes makes everything more expensive, which adds to inflation. Somebody should tell Joey Choo Choo.

Posted by: Huck Follywood at March 09, 2023 05:05 PM (5cWNQ)

18 On an overpass, written in huge capital letters, was "HUNTER HIDEN." The words stretched across the whole overpass, over four lanes of traffic. I was thrilled to see it.

Was this on the infamous "Surrender Dorothy" overpass?

Posted by: Archimedes at March 09, 2023 05:05 PM (eOEVl)

19 Was this on the infamous "Surrender Dorothy" overpass?
Posted by: Archimedes at March 09, 2023 05:05 PM (eOEVl)
-------

Not too far away. Further west.

Posted by: bluebell at March 09, 2023 05:06 PM (pTb/Z)

20 Mmm....pudding

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:06 PM (lEVn+)

21 Even Democrat media, which is all the media, seems exasperated at this proposal. NBC called thee tax pproposals "rehashes of tax increases the Democrats could't pass when they controlled both houses".

The whole point is so that Dem talking heads can jaw about how the rich need to pay their fair share. It's for campaign messaging--the other side are 1-percenters--nothing more. For those key states in 2024 where Dems need blue-collar, Trumpish types to stay at home.

Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 09, 2023 05:07 PM (ppBhU)

22 hiya

Posted by: JT at March 09, 2023 05:07 PM (T4tVD)

23 Gotta admit I'm all for closing some of the Big business Tax loopholes. When companies like GE pay no Federal Tax at all? Yet my small company had to?

Amazon reported they paid 1.2% in Federal Tax last year, but if you are a subcontractor making deliveries for Amazon (as many are here in Clownifornia)... ie an LLC... you pay 15% AND then pay Soc Sec and other taxes as well.

Posted by: Romeo13 at March 09, 2023 05:07 PM (oHd/0)

24 Odds on when the ruling class decide to pull the plug on Biden?

Posted by: tubal at March 09, 2023 05:07 PM (PCK5/)

25 Imagine how ignorant, misinformed, and stupid tens of millions of Americans must be, that the Dems can (for literally decades) trot out the same absurd myths and lies about taxes - and get traction from them, or not actually be ridiculed for them and politically damaged.

America chose this degradation and idiocy over the best economy (and actually materially due to policy changes, not exogenous trends) in any working person's lifetime. Ditto for an erased border and total lawlessness in immigration. Ditto for the enablers/agents of lawlessness on the streets. Ditto for a full-blown acceleration of the looting, impoverishment, and freedom-destruction vs. an under-powered/wimpy but substantively correct push-back on the "climate change" nonsense.

And on and on.

Posted by: rhomboid at March 09, 2023 05:08 PM (OTzUX)

26 And again, I assert none of this is 'Biden's doing or idea. It's all whatever leftist puppet has his hand up his ass on any given day.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:08 PM (lEVn+)

27 Sundowner is of the old school Marxists, class warfare is their main agenda just like Bernie.

Posted by: Skip at March 09, 2023 05:08 PM (xhxe8)

28 Taxes makes everything more expensive, which adds to inflation. Somebody should tell Joey Choo Choo.

Spoiler Alert - we don't live in a capitalistic system. There is very little in the way of competition spurring on big corps to drive down prices. Prices are set at the absolute maximum the market will bear. Taxes have very little to do with the calculus.

Posted by: Just The Way It Is at March 09, 2023 05:08 PM (/P0vp)

29 >>>And besides, whenever the enemy of my enemy attacks my enemy - I just cheer for casualties.

Yep. I don't care a whit if they raise taxes on those guys. I don't play in that league anymore. They seem to want this kind of leadership, so let them have it good and hard.

And we're going to have to raise some taxes in order to negotiate any spending cuts, so, glad to see the limo libs out manning the barricades while I smoke weed in my hot tub.

Posted by: spongeworthy at March 09, 2023 05:09 PM (vZqvS)

30 Those 87,000 new IRS agents need assignments.

Posted by: gourmand du jour, back to bipedal status at March 09, 2023 05:09 PM (jTmQV)

31 When corporations pay heavier taxes, who pays them, ultimately?

Posted by: tubal at March 09, 2023 05:09 PM (PCK5/)

32 I certainly believe what he wants is not of consequence, but his brain is stuck on old school.

Posted by: Skip at March 09, 2023 05:10 PM (xhxe8)

33 I'm late to the party today, so some willowing. But first Fuck Joe Biden.

Fauci needs to be charged with murder and fret for just not prison time but what few measly years left he has of his terribly malignant life of corruption and failure. And he needs to be fined several hundred million dollars personally. His family shouldn't get to keep all his filthy lucre. He should be up for the death penalty - how many millions died because of his partnership with the CCP in defiance of both a democrat and GOP president. He should be sweating for his life.

I am sorry for McConnell, but he does need to go. Perhaps McCarthy realizes that McConnell is about done, his power, while still substantial is slipping, and will slip more after 2024 (if it hasn't slipped a bunch last night). Politicians love riding a trend.

You know who else needs to get put in prison? Merrick Garland. Today. Fuck DC. And everyone there who works for themselves instead of the people. Public servants my ass. And that Assistant US Attorney needs to be disbarred and jailed - for about 42 months plus a few years of detention in solitary.

Posted by: Black JEM at March 09, 2023 05:10 PM (dUndZ)

34
Just grab your ankles and think of Uncle Sam

When Democrats start to tax and spend
Taxpayers must learn to relax and bend.

Posted by: Muldoon at March 09, 2023 05:10 PM (ykeLU)

35 The ballot counting machines are gonna be SMOKIN' on election night.

Posted by: mrp at March 09, 2023 05:10 PM (rj6Yv)

36 You have weed ? And a hot tub ? And I didn't get an invite.

If I had weed and a hot tub, I would have sent an invite.

Posted by: Just The Way It Is at March 09, 2023 05:10 PM (/P0vp)

37 Dickhead was in Philly today, and it took Mrs. Earp an hour to get home because of all the roadblocks. A ten minute drive took an hour, because shitpants took his good old time leaving the city.

Posted by: Wyatt Earp at March 09, 2023 05:10 PM (bkUtD)

38 The "Surrender Dorothy" (railroad bridge, I think) thing was funny and clever but all its funniness and cleverness was based on the visual of seeing with the Mormon temple as the backdrop when driving west on that section of the Beltway. What's the hook for the H. Biden thing? Is it funny in some way linked to its physical setting?

Posted by: rhomboid at March 09, 2023 05:11 PM (OTzUX)

39 Hey! Stop making fun of Jonah!

Posted by: Jonah Goldberg's couch at March 09, 2023 05:11 PM (GD2xa)

40 I guess the good news is we'll all be broke by the end of the year, and maybe we'll be able to get welfare!

Posted by: Wyatt Earp at March 09, 2023 05:11 PM (bkUtD)

41 *to the tune of Purple Haze*

'scuse me while I sniff this Child...

Posted by: Joe "Tax 'em 'til they glow then sniff them in the dark" Biden at March 09, 2023 05:11 PM (Vu7A1)

42 Cheap Suit Folding >> GOP

Posted by: Maj. Healey at March 09, 2023 05:11 PM (E+05M)

43 I just came from an honors guard funeral for a veteran. There wasn't a dry eye in the place.

It reminded me of Mooch sneering to Barry during a military flag ceremony, "All this for a flag."

I'd forgotten that little gem from that ungrateful taxpayer funded, finally proud World Traveler (with entourage in tow) who infested the White House alongside the Kenyan, whose administration committed 21 unconstitutional acts.

But at this point, what difference does it make?

Posted by: Ju at March 09, 2023 05:12 PM (aTmM/)

44 40 I guess the good news is we'll all be broke by the end of the year, and maybe we'll be able to get welfare!
Posted by: Wyatt Earp at March 09, 2023 05:11 PM (bkUtD)

Good point. In the end, we will pay.Like always.

Posted by: tubal at March 09, 2023 05:12 PM (PCK5/)

45 Taxes have very little to do with the calculus.
Posted by: Just The Way It Is at March 09, 2023 05:08 PM (/P0vp)
===================
Taxes are a fundamental driver of every decision we make on pricing and every other activity in our business. So, I disagree. My business aside, however, this is just factually wrong, or at least it was back in my college econ days.

Posted by: Huck Follywood at March 09, 2023 05:12 PM (5cWNQ)

46 Also, no mention of Matt "I think it's okay for gay couples to adopt babies" Schlapp grabbing another mans junk.

Posted by: Maj. Healey at March 09, 2023 05:12 PM (E+05M)

47 9 The only way the deficit get reduced is everything goes to crap.
Posted by: fd at March 09, 2023 05:04 PM (iayUP)

you know that, I know that, everyone with two brain cells to rub together knows that. And yet here we are, playing the same stupid games and mouthing the same stupid lines month after month after month. It's so tiresome. Taxes don't even fund the government anymore, massive creation of money from the Fed does. The only purpose for taxes now is to financially impose social policies and to punish political enemies.

Posted by: Tom Servo at March 09, 2023 05:13 PM (trdmm)

48 Why do we pretend that the President's budget proposal is a significant thing every year?

It's not. Congress doesn't even read it. Hell, they don't even have a budget.

Posted by: sniffybigtoe at March 09, 2023 05:13 PM (UuD2k)

49 Biden Is as Giddy About Proposing $2 Trillion in New Taxes

———-

Everybody is so creative!

Posted by: MAGA_Ken at March 09, 2023 05:13 PM (cMXNt)

50 When corporations pay heavier taxes, who pays them, ultimately?

No. That's not how real price setting works in this economy. Big corps are not pulling their hair out, figuring out how to lower prices down to the penny, in the pursuit of market share. That's not how it works at all now.

Prices are set at the maximum the market will bear - because real competition is pretty much obsolete. That's what the big corps paid for, when they started flooding money into politics. They bought a lack of competition.

Their tax load has no impact - none - on prices. It bites into their profits. And guess what ? Today's group of Ivy League big corp CEOs don't give a shit about maximizing profits anyway. They care about DEI.

A tax increase, if paid, will simply reduce the amount of money they can spend on social engineering.

Posted by: Just The Way It Is at March 09, 2023 05:14 PM (/P0vp)

51 Perhaps McCarthy realizes that McConnell is about done, his power, while still substantial is slipping, and will slip more after 2024 (if it hasn't slipped a bunch last night).

It's hard to believe he'll be in office after '24, but here we are. He isn't up again until '26.

Posted by: Archimedes at March 09, 2023 05:14 PM (eOEVl)

52 41 *to the tune of Purple Haze*

'scuse me while I sniff this Child...
Posted by: Joe "Tax 'em 'til they glow then sniff them in the dark" Biden at March 09, 2023 05:11 PM (Vu7A1)

I shouldn't laugh at that...but I did

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:14 PM (lEVn+)

53 Raise taxes and the corps raise prices. You don't think they are going to take the hit?

Posted by: fd at March 09, 2023 05:15 PM (iayUP)

54 Republicans say Biden's budget will be dead on arrival when the president formally sends it to Capitol Hill on Thursday.

Most WH budgets get the shitcan treatment once they reach Congress. Only via the veto threat do any parts ever see the light of day, like Trump's wall.

Posted by: GnuBreed at March 09, 2023 05:15 PM (JOtiF)

55 37 Dickhead was in Philly today, and it took Mrs. Earp an hour to get home because of all the roadblocks. A ten minute drive took an hour, because shitpants took his good old time leaving the city.
Posted by: Wyatt Earp at March 09, 2023 05:10 PM (bkUtD)

I hate the way the shut everything down for our Betters too. Had similar problems when Barry or Bush came to Seattle.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:15 PM (lEVn+)

56 It might be entertaining if someone asked Biden to explain the difference between the deficit and the debt.

Posted by: Muldoon at March 09, 2023 05:15 PM (ykeLU)

57 What's the hook for the H. Biden thing? Is it funny in some way linked to its physical setting?
Posted by: rhomboid at March 09, 2023 05:11 PM (OTzUX)
-------

It didn't say "Biden," it said "Hiden." As in Hunter is hiding. I suspect it refers to him laying low as laptop stuff came out.

Posted by: bluebell at March 09, 2023 05:15 PM (pTb/Z)

58 Taxes are a fundamental driver of every decision we make on pricing and every other activity in our business. So, I disagree. My business aside, however, this is just factually wrong, or at least it was back in my college econ days.

Your business is not who these taxes are nominally aimed at. And yes, your college econ - and my college econ - was wrong. It was based upon a stack of lies. The biggest lie was we are a capitalistic system - we are not.

Posted by: Just The Way It Is at March 09, 2023 05:16 PM (/P0vp)

59 It's all kabuki theater don't get so worked up over it.

Even if it wasn't I'd be fine with these people getting murdered with taxes considering the vast majority of them voted for Biden.

Posted by: Dack Thrombosis at March 09, 2023 05:16 PM (QRdjz)

60 Joe's been ..."making the wealthy and big corporations begin to pay their fair share" for many years. That's wrapped in crap that will become an approved bill and cost us dearly while making the wealthy pay dies. Year in and year out, both his and O's administrations.

Posted by: Lola at March 09, 2023 05:16 PM (GshMh)

61 Bank on it. My word as a Biden
---

Ace Johnson is right!

Posted by: Darth Randall at March 09, 2023 05:17 PM (7ju/c)

62 23 Gotta admit I'm all for closing some of the Big business Tax loopholes. When companies like GE pay no Federal Tax at all? Yet my small company had to?

Amazon reported they paid 1.2% in Federal Tax last year, but if you are a subcontractor making deliveries for Amazon (as many are here in Clownifornia)... ie an LLC... you pay 15% AND then pay Soc Sec and other taxes as well.
Posted by: Romeo13 at March 09, 2023 05:07 PM (oHd/0)

It's one of the appeals of a flat tax with no exemptions. Everyone is treated equally. It would suck losing some of my deductions but...I'd take it in a heartbeat if it cut into the Oligarch's bottom lines.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:17 PM (lEVn+)

63 Trunalumpanazure!!!!

Posted by: My buttsbeenwhappd! at March 09, 2023 05:17 PM (YdDJ9)

64 I would guess that the “ plan” is to take it all, and then dole out what they judge to be appropriate to all of us… the long term plan.

Posted by: tubal at March 09, 2023 05:17 PM (PCK5/)

65 61 Bank on it. My word as a Biden
---

Ace Johnson is right!
Posted by: Darth Randall at March 09, 2023 05:17 PM (7ju/c)

Dark Randall Johnson is right about Ace Johnson being right.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:17 PM (lEVn+)

66 "Biden is expected to reintroduce two staples of his 2021 Build Back Better agenda"

Codenamed "Bostitch" and "Swingline."

Posted by: Rolling Donut Unharmed By gp's Flying Leap at March 09, 2023 05:18 PM (MvF+J)

67 56 It might be entertaining if someone asked Biden to explain the difference between the deficit and the debt.

Posted by: Muldoon at March 09, 2023 05:15 PM (ykeLU)

At first, I read “ defecate”, Muldoon.

Posted by: tubal at March 09, 2023 05:18 PM (PCK5/)

68 If I was a Repub, I'd actually write a "multi-millionaires pay down the US debt" law and do one of those "sunset" laws indexed to inflation where multi-millionaires pay an extra 5% of all their income (even pass through) to the debt payoff, hundred millionaires pay 10% for everything over $100M, and billionaires pay 20%.

The tax could only go towards the debt and its interest.

And the tax sunsets every 5 years and automatically ends when our debt is less than 1/2 our GDP...

Posted by: Nova Local at March 09, 2023 05:19 PM (exHjb)

69 Raise taxes and the corps raise prices. You don't think they are going to take the hit?

Posted by: fd at March 09, 2023 05:15 PM (iayUP)

Don't raise taxes and corps are still raising prices. Explain your grocery bill - while meat and pork suppliers are still getting the same price per head for the last ten years.

Yet - here we go. Nothing gets the traditional old school Republican base hot and bothered like lower tax rates for the top earners - or corporations. Even while those groups - consistently - use their wealth against you.

Posted by: Just The Way It Is at March 09, 2023 05:19 PM (/P0vp)

70 Gotta admit I'm all for closing some of the Big business Tax loopholes. When companies like GE pay no Federal Tax at all? Yet my small company had to?

Amazon reported they paid 1.2% in Federal Tax last year, but if you are a subcontractor making deliveries for Amazon (as many are here in Clownifornia)... ie an LLC... you pay 15% AND then pay Soc Sec and other taxes as well.
Posted by: Romeo13 at March 09, 2023 05:07 PM

Just gonna pitch this out here......Corporations do not pay taxes, they collect taxes from their customers for the Government.

If the Federal government increases taxes on the *big* corporations that increased cost will be passed on to the consumer, the corporation will not pay a dime more in taxes.

Posted by: Mister Scott (Formerly GWS) at March 09, 2023 05:19 PM (uNylN)

71 Amazon reported they paid 1.2% in Federal Tax last year, but if you are a subcontractor making deliveries for Amazon (as many are here in Clownifornia)... ie an LLC... you pay 15% AND then pay Soc Sec and other taxes as well.
Posted by: Romeo13 at March 09, 2023 05:07 PM (oHd/0)

It's a lot worse than that. Amazon only pays taxes on profit, not income.

Only us suckers pay full taxes on our income because the govt views our labor as worthless.

Posted by: sniffybigtoe at March 09, 2023 05:19 PM (UuD2k)

72 In case anyone was wondering what Snott Adams really thinks:

@ScottAdamsSays 29m
Every good idea is ruined when the grifters move in. I like wokeness. I don't like what it has become.

Posted by: weft cut-loop at March 09, 2023 05:19 PM (jzzG8)

73 (willowed)

So, the qualifications for President

be able to fly on planes and ride on trains, and attend meetings

well smack my ass and call me Mr President!
When do I start

Posted by: DB - eschewing the thing at March 09, 2023 05:19 PM (geLO8)

74 Perhaps McCarthy realizes that McConnell is about done, his power, while still substantial is slipping, and will slip more after 2024 (if it hasn't slipped a bunch last night).

It's hard to believe he'll be in office after '24, but here we are. He isn't up again until '26.
Posted by: Archimedes at March 09, 2023 05:14 PM

You might very well think that. I couldn't possibly comment.

Posted by: A Mr. Death, here about the reaping at March 09, 2023 05:20 PM (Wnv9h)

75 McConnell's "leadership" position depends entirely on your Senate GOP caucus. Nothing else makes him who he is.

And I haven't yet seen the fantasy/dodge that caucus leadership votes are subject to fraud (I should be more patient, it's probably coming) - so, there you have it.

But I guess there's still shadowy foreign plutocrats and sideshow shadowy groups and cabals who might be in charge of picking Senate caucus leaders. The actual votes of a few dozen sitting senators probably have nothing to do with it.

Posted by: rhomboid at March 09, 2023 05:20 PM (OTzUX)

76 Okay, due to inflation, shouldn't more taxes be collected, because taxes are calculated on the sale price of goods and services? Plus, people have had COLA raises, so, aren't they already paying more income tax?

Posted by: Blake - semi lurker at large at March 09, 2023 05:20 PM (2YtOq)

77 Big evil afoot:

BNONews 10m
DEVELOPING: Up to 30 people shot at Jehovah's Witnesses church in Germany

Posted by: weft cut-loop at March 09, 2023 05:20 PM (jzzG8)

78 "Yet - here we go. Nothing gets the traditional old school Republican base hot and bothered like lower tax rates for the top earners - or corporations."

I don't care about that. The simple fact is they pass it along like any other expense.

Posted by: fd at March 09, 2023 05:20 PM (iayUP)

79
I can’t help but think that killing personal retirement savings is the great unspoken goal of the left.
Whoever’s running Joey must have been kicked out of Bernibrodom for being too Maoist.

Posted by: Auspex at March 09, 2023 05:21 PM (esfM3)

80 Obama never even bothered to do budgets.

So there's that.

Posted by: scottst at March 09, 2023 05:21 PM (N+VG+)

81 16 No shit, I think the Republicans should make it even harsher on the billionaire oligarchs- and then vote for it. Absolutely dare Biden to forgo signing his own bill. I know the Wall Streeters will simply cheat it, but look at the Panama Papers. How far do they want to go?
Posted by: trev006 at March 09, 2023 05:05 PM (DTm0P)

————

Hit it where it will really hurt them, a tax on financial transactions.

Also a 100% tax on all income of government officials (elected and bureaucrats) outside of what they are paid by the government.

Posted by: MAGA_Ken at March 09, 2023 05:21 PM (cMXNt)

82 I hate the way the shut everything down for our Betters too. Had similar problems when Barry or Bush came to Seattle.
Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:15 PM (lEVn+)

When Marine One comes in to land on the South Lawn, the police shut down traffic on Constitution Avenue. The Lightbringer had a habit of returning to the White House right around afternoon rush hour. That was always a supreme pain.

Posted by: Zombie Robbo the Llama Butcher at March 09, 2023 05:21 PM (BTgKJ)

83 Why is $400,000 a magic number for the left?

Posted by: Cat Ass Trophy at March 09, 2023 05:21 PM (UJ6fL)

84 Ever wonder what might be different if the first time Joey did his kiddie grope thing in public in a political setting some one person in attendance had 'ended him' fig or lit?

Posted by: micky at March 09, 2023 05:22 PM (3byMq)

85 Corn Pop was the one who actually played flankerback while Biden showed children his leg hair.

Posted by: Beto Ochoa at March 09, 2023 05:22 PM (dzZCL)

86 Wyatt, was working right on Rittenhouse Square whe Democrats have their convention before Trump, all morning police and SS were congregate on the corner. Short story is Sundowner went flying through that intersection with half dozen vehicles at 60mph. I have a picture of his SUV flying through

Posted by: Skip at March 09, 2023 05:22 PM (xhxe8)

87 79
I can’t help but think that killing personal retirement savings is the great unspoken goal of the left.
Whoever’s running Joey must have been kicked out of Bernibrodom for being too Maoist.
Posted by: Auspex at March 09, 2023 05:21 PM (esfM3)

Yes, they almost have retired people completely under their thumb. Just those pesky personal savings and they'd have every retired person completely dependent on the govt like good communists.

Posted by: sniffybigtoe at March 09, 2023 05:22 PM (UuD2k)

88 also...hey blue states...enjoy subsidizing us poor red states.

Posted by: sockamster, gator at March 09, 2023 05:22 PM (MLrvz)

89 >>>Good point. In the end, we will pay.Like always.
Posted by: tubal

Correct!

Posted by: Wyatt Earp at March 09, 2023 05:22 PM (VWp7G)

90 And you thought eggs were expensive now....

Posted by: Beto Ochoa at March 09, 2023 05:22 PM (dzZCL)

91 @ScottAdamsSays 29m
Every good idea is ruined when the grifters move in. I like wokeness. I don't like what it has become.
Posted by: weft cut-loop at March 09, 2023 05:19 PM (jzzG

It's like he's trying to guarantee that everyone on all sides of the political spectrum hates him equally.

Posted by: Tom Servo at March 09, 2023 05:22 PM (trdmm)

92 83 Why is $400,000 a magic number for the left?
Posted by: Cat Ass Trophy at March 09, 2023 05:21 PM (UJ6fL)

2 SES spouses make a touch under $400K...so, it's pegged to the absolute top of Fed Gov salaries...

Posted by: Nova Local at March 09, 2023 05:22 PM (exHjb)

93 The border barrier work was funded by an extremely constitutionally dubious reprogramming of DOD appropriations, not any veto.

Posted by: rhomboid at March 09, 2023 05:23 PM (OTzUX)

94 I see it once a week, some libturd being like "well, us winners in blue states actually pay to keep you poor rubes in red states in fine fettle"...

that's right,motherfuckers, pay them taxes. and enjoy your new interest rates on yo mortgage.

Posted by: sockamster, gator at March 09, 2023 05:23 PM (MLrvz)

95 haha, I remember caring about taxing the rich.

lol, gf and enjoy having to pay 6 figs for private security

Posted by: sockamster, gator at March 09, 2023 05:24 PM (MLrvz)

96 I can’t help but think that killing personal retirement savings is the great unspoken goal of the left.

Kind of, I think. And I've thought this since Obama. And I've thought it's been more than just the Left.

I'm pretty sure they resent how much wealth the middle and upper middle has been able to accumulate. They certainly resent the independence that wealth has provided.

The Pro Act is a big, big tell.

Posted by: Just The Way It Is at March 09, 2023 05:24 PM (/P0vp)

97 President Biden should start a new tax on Trump for bad Breath !!!!!!!

Posted by: Dorcus Blimeline at March 09, 2023 05:24 PM (66jxp)

98 I thought I smelled fish.

Posted by: fd at March 09, 2023 05:25 PM (iayUP)

99 Yeah, pull this leg. It plays Jingle Balls.

Posted by: AlaBAMA at March 09, 2023 05:25 PM (rJ7Hd)

100 Beware the Medical/Industrial Complex…. things Eisenhower could have said…

Posted by: tubal at March 09, 2023 05:26 PM (PCK5/)

101 ScottAdamsSays 29m
Every good idea is ruined when the grifters move in. I like wokeness. I don't like what it has become.
Posted by: weft cut-loop at March 09, 2023 05:19 PM (jzzG

It's like he's trying to guarantee that everyone on all sides of the political spectrum hates him equally.
Posted by: Tom Servo at March 09, 2023 05:22 PM (trdmm)

Liz Cheney says “Hold my beer.”

Posted by: LASue at March 09, 2023 05:27 PM (Ed8Zd)

102 I know all the arguments against new taxes, and while they certainly resonate isn't it time for the GOP to give those rich coastal elites exactly what they've asked for? This has been an infrequent theme on this blog, that the rich have decided to throw in with the democrats to get their liberal cultural agenda passed while knowing thwe Republicans will always bail them out with regard to taxes. Maybe might be time for them to enjoy the fruits of their votes.

Posted by: KJP is a race and gender swapped Side Show Bob at March 09, 2023 05:27 PM (QpUKb)

103 Things are becoming so vividly real now that one hardly ever sees the tweet footer 'Let that sink in', so that's good, I suppose, but BREAKING: THISJUSTIN: BOOM: still needs wornout to disappear.

Posted by: micky at March 09, 2023 05:28 PM (3byMq)

104 matt taibii got to talk to congress today and experience the biden bell curve there as demons...er democrats...struggled to understand what an internet is and how that tweets come to be.

Posted by: sockamster, gator at March 09, 2023 05:28 PM (MLrvz)

105 "...in a budget plan that he says will reduce the deficit by $2 trillion over the next decade..."

As they say, the only way to make more money is to spend more money, and they're intent to make so much money that they'll turn the $US into toilet paper.

Has it happened - in anyone's lifetime - that "we" have made more than we spent? This is one of those evergreen lies that just keeps growing and growing and growing. Kinda like debt and deficit.

Posted by: AnonyBotymousDrivel Remembers Babbitt and Perna at March 09, 2023 05:28 PM (aXxgO)

106 What is unearned income over 400k? If you have an ira you might have that. Does that mean that gets taxed?

When are just going to start letting these commies swing from the lampposts they deserve?

Posted by: Justin Castreau at March 09, 2023 05:28 PM (LkgnM)

107 You might very well think that. I couldn't possibly comment.
Posted by: A Mr. Death, here about the reaping at March 09, 2023 05:20 PM (Wnv9h)

Two thumbs up.

Posted by: LASue at March 09, 2023 05:28 PM (Ed8Zd)

108 Some folks bitch about tax loop holes, others exploit them.

Wise up, and see how the other half lives. Mmbahaha.

Posted by: Regular joe at March 09, 2023 05:29 PM (nnp+f)

109 I don't care about that. The simple fact is they pass it along like any other expense.

Posted by: fd at March 09, 2023 05:20 PM (iayUP)

No - they do not. Not always - and not usually.

Again, we don't live in a capitalistic system. There is not over-arching pressure, in most markets, to provide the best price. Prices are set at the maximum the market will bear. And what you see in your day to day shopping is a million different decisions by vendors - all searching for that maximum.

Taxes work on the back end, eating into that profit, in today's economy. Closing the gap between profit and break even. They do not factor into the setting of the price much.

Posted by: Just The Way It Is at March 09, 2023 05:29 PM (/P0vp)

110 Rep. Sylvia Garcia (D-hell) couldn't believe that Taibii worked with other journalists. That's collusion. They even crossed state lines.

Taibii got to use the full power of Gen X mockery to mock her in her face like a grown up bart sumpson

Posted by: sockamster, gator at March 09, 2023 05:29 PM (MLrvz)

111 Marxism is no inheritance allowed, everything left is supposed to go to the government.

Posted by: Skip at March 09, 2023 05:30 PM (xhxe8)

112 matt taibii got to talk to congress today and experience the biden bell curve there as demons...er democrats...struggled to understand what an internet is and how that tweets come to be.
Posted by: sockamster, gator at March 09, 2023 05:28 PM (MLrvz)

What did he talk about?

Posted by: LASue at March 09, 2023 05:30 PM (Ed8Zd)

113 I don't care about that. The simple fact is they pass it along like any other expense.
Posted by: fd at March 09, 2023 05:20 PM (iayUP)

———

No they don’t. Prices are set by supply and demand, not even other expenses.

Posted by: MAGA_Ken at March 09, 2023 05:30 PM (cMXNt)

114 "...in a budget plan that he says will reduce the deficit by $2 trillion over the next decade..."

///

oh boy. Sure, no deficit impact (lie) but your mortgage will be at 15% in a year (true)

Posted by: sockamster, gator at March 09, 2023 05:30 PM (MLrvz)

115 Jehovah Witnesses went to the camps in nazi Germany, right?

Posted by: Eromero at March 09, 2023 05:31 PM (1KS1Z)

116 Campaign promises: Joe Biden will not raise taxes on anyone making less than $400,000. Period. But he will ask wealthy Americans and big corporations to pay their fair share, including by:

Raising the corporate tax rate to 28 percent.
Requiring a true minimum tax on ALL foreign earnings of United States companies located overseas so that we do our part to put an end to the global race to the bottom that rewards global tax havens. This will be 21% — TWICE the rate of the Trump offshoring tax rate and will apply to all income.
Imposing a tax penalty on corporations that ship jobs overseas in order to sell products back to America.
Imposing a 15% minimum tax on book income so that no corporation gets away with paying no taxes.
Raising the top individual income rate back to 39.6 percent.
Asking those making more than $1 million to pay the same rate on investment income that they do on their wages.

Posted by: Lola at March 09, 2023 05:31 PM (GshMh)

117 What did he talk about?
Posted by: LASue a

///////

you know, the merging of corporate/state interests in censoring big tech to prevent domestic terrorists from spreading dangerous russian misinformation.

the elon musk stuff

Posted by: sockamster, gator at March 09, 2023 05:31 PM (MLrvz)

118 I be thinks thats Gays shoulds be excempt from taxes because of racism amd peeple thinking their is be something rong with them .

Posted by: Mary Clogginstein from Brattleboro, VT at March 09, 2023 05:31 PM (/Qz4j)

119 All of this is verging perilously close to math, people!!!

Posted by: tubal at March 09, 2023 05:31 PM (PCK5/)

120 Okay!, 2 trillion over the next TEN years. Considering the government spends 2 trillion plus over income every year they will only raise the deficit by 20 trillion. Sounds like a plan---spit.

Posted by: Ben Had at March 09, 2023 05:31 PM (kxTvt)

121 "No they don’t. Prices are set by supply and demand, not even other expenses.
Posted by: MAGA_Ken "

So the cost to produce an item has no bearing?

Posted by: fd at March 09, 2023 05:32 PM (iayUP)

122 @ScottAdamsSays 29m
"Every good idea is ruined when the grifters move in. I like wokeness. I don't like what it has become."

You're really not that bright, Mr. Adams. "Wokeness" was ALWAYS a tool with which to bludgeon. It was NEVER benign.

Posted by: AnonyBotymousDrivel Remembers Babbitt and Perna at March 09, 2023 05:33 PM (aXxgO)

123 Anonymous, during the 2nd disastrous Clinton term, the tech boom/bubble generated so much revenue that by a few measures the deficit about disappeared and in fact lots of federal debt was being retired.

Note that literally in the cycle just prior to this becoming the trend, Clinton's OBM chief - who later went on to earn, no s**t, *$100M dollars* (use Dr Evil voice here) for overseeing the disaster that led directly to the 2008 financial crash - was all over the papers warning that the House GOP's (fairly modest, but real) deficit reduction proposals would cause a near collapse in services and governance.

Being the unserious dumbed-down country it is, the sudden appearance of surpluses mere months later - without any change in federal budgeting - did not lead to ridicule and political/career death for anyone echoing Franklin Raynes' idiocy.

Posted by: rhomboid at March 09, 2023 05:33 PM (OTzUX)

124 They're still talking about taxing unrealized capital gains. If the Dems force that through the economy will crater immediately.

Posted by: Smell the Glove at March 09, 2023 05:33 PM (3f7vf)

125 That shoulda been "OMB chief".

Posted by: rhomboid at March 09, 2023 05:33 PM (OTzUX)

126 Mary is so right !!! I want Mary to be the Democrat nomination for POTUS in 2024 ....

Posted by: Ferd Berfall at March 09, 2023 05:34 PM (Js3tc)

127 91 @ScottAdamsSays 29m
Every good idea is ruined when the grifters move in. I like wokeness. I don't like what it has become.
Posted by: weft cut-loop at March 09, 2023 05:19 PM (jzzG

It's like he's trying to guarantee that everyone on all sides of the political spectrum hates him equally.
Posted by: Tom Servo at March 09, 2023 05:22 PM (trdmm)

*deletes Dilbert bookmark*

Mission accomplished

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:34 PM (lEVn+)

128 So the cost to produce an item has no bearing?

Posted by: fd at March 09, 2023 05:32 PM (iayUP)

Not in the setting of the price. People will only pay what they're willing to pay.

But figure this out for yourself. Make some metal art for $1,000 a throw. Take it out to the local flea market. Show all your expenses. Then watch everybody just walk on by.

If it costs YOU more to make an item than the going rate - you'll just go bankrupt and not sell a damn thing.

Posted by: Just The Way It Is at March 09, 2023 05:34 PM (/P0vp)

129 Well as long as Gary Larson doesn’t say dumb shit, I’m good.

Posted by: tubal at March 09, 2023 05:35 PM (PCK5/)

130 What is unearned income over 400k? If you have an ira you might have that. Does that mean that gets taxed?

When are just going to start letting these commies swing from the lampposts they deserve?
Posted by: Justin Castreau

Not sure if IRAs can be targeted; they're supposed to be tax-protected. "Unearned income" is basically investments, and in this case they're targeting 'capital gains,' that is stocks/bonds/etc that have increased in prices and that are sold will now get taxed at their income tax rate, IE over a million -> 39.6%.

Posted by: weft cut-loop at March 09, 2023 05:35 PM (jzzG8)

131 ClottAdams messed up when he cancelled the ultimate thread 'Quote(s) of the Day'.

Posted by: micky at March 09, 2023 05:35 PM (3byMq)

132 these people have to be stopped

Posted by: Nevergiveup at March 09, 2023 05:36 PM (Irn0L)

133 When are just going to start letting these commies swing from the lampposts they deserve?
Posted by: Justin Castreau

I go to sleep thinking that many nights

Posted by: Nevergiveup at March 09, 2023 05:36 PM (Irn0L)

134 "Not in the setting of the price. People will only pay what they're willing to pay."

Or not buy it. Or make it. Cost is cost. If it reduces the margin to where it's not worth making or doing they won't do it anymore.

Posted by: fd at March 09, 2023 05:37 PM (iayUP)

135 >>It's like he's trying to guarantee that everyone on all sides of the political spectrum hates him equally.

That guy could give David French and Bill Kristol lessons in cuckoldry.

Posted by: garrett at March 09, 2023 05:40 PM (YBKpP)

136 129 Well as long as Gary Larson doesn’t say dumb shit, I’m good.
Posted by: tubal at March 09, 2023 05:35 PM (PCK5/)

I am grateful Bill Watterson doesn't talk publicly. At all.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:40 PM (lEVn+)

137 Although I swear I hear a radio report just say BiteMe is going to tax unrealized gains, which is just bat-shit insane. I can't find any good articles on this massive idiocy.

Posted by: weft cut-loop at March 09, 2023 05:41 PM (jzzG8)

138
So the cost to produce an item has no bearing?

Posted by: fd at March 09, 2023 05:32 PM (iayUP)

———

If something costs more to make than it can be sold for, a company will ceasing making that product. The supply is thus reduced moving the price up in the supply/demand curve.

Corporations simply do not pass through taxes to consumers. In fact most use NIBT (net income before taxes) in planning.

Posted by: MAGA_Ken at March 09, 2023 05:41 PM (cMXNt)

139 >>What is unearned income over 400k?

Investments you haven't cashed out. Like increases in property Values on a Commercial building or Ag Land.

Posted by: garrett at March 09, 2023 05:41 PM (YBKpP)

140 I'm sure the money raised from the millionaires stupid enough to have income tied up in immobilized assets will be used as wisely and beneficially as the $billions sent to Ukraine.

Posted by: red speck at March 09, 2023 05:42 PM (gS3OW)

141 Read Matt's report on Twitter abuse, see if I can find it

Posted by: Skip at March 09, 2023 05:42 PM (xhxe8)

142 I hate the way the shut everything down for our Betters too. Had similar problems when Barry or Bush came to Seattle.
Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:15 PM (lEVn+)

I got blocked out of my hotel for over 4 hours while the FAB was campaigning in Louisville during 2008 democrat primary. She wasn't secretary of state then or a senator but got presidential security treatment.

Posted by: Beartooth at March 09, 2023 05:42 PM (H4JoC)

143 Although I swear I hear a radio report just say BiteMe is going to tax unrealized gains, which is just bat-shit insane. I can't find any good articles on this massive idiocy.
Posted by: weft cut-loop at March 09, 2023 05:41 PM (jzzG

He really wants to crush the US economy doesn't he.?

Posted by: LASue at March 09, 2023 05:42 PM (Ed8Zd)

144 Or not buy it. Or make it. Cost is cost. If it reduces the margin to where it's not worth making or doing they won't do it anymore.

You keep throwing out this old school economic theory - shit taught at the Junior Achievement level. And look, that's the same shit I was taught. Maybe it was true at one point - but it isn't now.

Look around. What do you see ? Long lead times for any durable good. More scarcity that you've ever seen. Along with higher prices.

Do you think, in any of the calculus regarding setting of price ... that any thought is being put into anything other than find that sweet spot of maximizing price ?

Everyone that can make a good is making a good right now. And naming the price. Margins are good. Better than ever, in my lifetime - for the makers of things.

Posted by: Just The Way It Is at March 09, 2023 05:42 PM (/P0vp)

145 116 Campaign promises: Joe Biden will not raise taxes on anyone making less than $400,000. Period. But he will ask wealthy Americans and big corporations to pay their fair share, including by:

Raising the corporate tax rate to 28 percent. - NO
Requiring a true minimum tax on ALL foreign earnings of United States companies located overseas so that we do our part to put an end to the global race to the bottom that rewards global tax havens. This will be 21% — TWICE the rate of the Trump offshoring tax rate and will apply to all income. - YES
Imposing a tax penalty on corporations that ship jobs overseas in order to sell products back to America. - YES
Imposing a 15% minimum tax on book income so that no corporation gets away with paying no taxes. - YES
Raising the top individual income rate back to 39.6 percent. - NO
Asking those making more than $1 million to pay the same rate on investment income that they do on their wages. - Adjust to $5M, index to inflation, and YES.
Posted by: Lola at March 09, 2023 05:31 PM (GshMh)

Repubs should take these Yes proposals only for either a "save Medicare", "save SS", or "Pay the debt" bill...done, and all by Biden suggestion.

Posted by: Nova Local at March 09, 2023 05:42 PM (exHjb)

146 Taxes have become nothing more than punishment that the ruling party targets at their Political opponents.

Until we have a balanced budget, taxes are meaningless theft.

Posted by: garrett at March 09, 2023 05:43 PM (YBKpP)

147 "I swear I hear a radio report just say BiteMe is going to tax unrealized gains, "

They would if they could, that's for sure. I don't think anybody doubts that, except for maybe Just The Way It Is.

Posted by: fd at March 09, 2023 05:43 PM (iayUP)

148 ZOD IMPERIAL.

Posted by: ZOD at March 09, 2023 05:43 PM (Q/6pY)

149 Los Angeles Times
@latimes

White drivers are polluting the air breathed by L.A.’s people of color

https://tinyurl.com/yck6jvrf

Posted by: redridinghood at March 09, 2023 05:43 PM (NpAcC)

150 "House Speaker Kevin McCarthy (R-CA) told Breitbart News on Wednesday that he intends to fully release to the public the tens of thousands of hours of U.S. Capitol surveillance footage from January 6, 2021."

Posted by: Fool Otto at March 09, 2023 05:44 PM (DB16e)

151 It's like he's trying to guarantee that everyone on all sides of the political spectrum hates him equally.

All he is doing is setting up his campaign for 2024. He knows this is dead on arrival. He wants to run against the Republican Congress: He is trying but they keep saying no to me. They want to kill Social Security and Medicare Bad Bad Maga crowd

That is all this is

But yes it is bat shit crazy

Posted by: Nevergiveup at March 09, 2023 05:44 PM (Irn0L)

152 Matt statements to Congress

https://tinyurl.com/y54u8hke

Posted by: Skip at March 09, 2023 05:44 PM (xhxe8)

153 The increased corporate tax rate will cost us lots of jobs. I saw it over and over when at Compaq and HP. Companies will keep jobs here if the taxes are low enough, but when they jack up the rates it makes it worthwhile to go overseas.

Posted by: Eternity Matters at March 09, 2023 05:44 PM (MTm8X)

154 56 It might be entertaining if someone asked Biden to explain the difference between the deficit and the debt.

Posted by: Muldoon at March 09, 2023 05:15 PM (ykeLU)

"Let me tell you a story about my Dad. DET was the Delaware Education Trust. He went there to get money to pay for me to go to the Jewish school in the Puerto Rican neighborhood, just across the tracks. Hey, Mayor Pete is going to fix that injustice! Anyway, my word as a Biden, the rich Republican who ran that trust fund told my Old Man that he had to prove I was deficient in IQ to get the money. Well, my Dad beat him in a push-ups contest and that proved I had a high enough IQ to go to school with Jews!"

Posted by: Joe Budget Master Man at March 09, 2023 05:44 PM (AMIL/)

155 FAKE NEWS! Reports of shootings in Hamburg, Germany and Santiago, Chile. Clearly, these reports are erroneous, because I've been assured repeatedly that we're the only country where these things happen.
Unless these are guns from Indiana, the source of all shootings.

Posted by: Wally at March 09, 2023 05:45 PM (UEzis)

156 "I swear I hear a radio report just say BiteMe is going to tax unrealized gains, "

///

also, you will have to spend a day each week on the wheel

Posted by: sockamster, gator at March 09, 2023 05:45 PM (MLrvz)

157 >>Or not buy it. Or make it. Cost is cost. If it reduces the margin to where it's not worth making or doing they won't do it anymore.

It always amuses me that they think the Free Rider Problem only exists in Socialist Models.

The Laugher Curve points out the analog that exists in Capitol Markets.

Posted by: garrett at March 09, 2023 05:45 PM (YBKpP)

158 Taxes have become nothing more than punishment that the ruling party targets at their Political opponents.

Obama said so. You can find the quote.

Posted by: Just The Way It Is at March 09, 2023 05:45 PM (/P0vp)

159 Bribe'em is absolutely going to be the Dem nominee. If he loses they haven't sacrificed a future pick and if he wins look for a VAT tax in your future,

Posted by: Ben Had at March 09, 2023 05:45 PM (kxTvt)

160 rhomboid: "Anonymous, during the 2nd disastrous Clinton term, the tech boom/bubble generated so much revenue that by a few measures the deficit about disappeared and in fact lots of federal debt was being retired."

I knew that there have been brief snapshots were the deficit curve inverted (if that's the term), but as to have been so transient to have been meaningless. And it was so promptly re-spent (or apportioned to be re-spent) as the anxious projection of spendthrifts (aka DC) hurriedly stated, "We're fine so let's go shopping some more," only to make the rate of new deficit spending even more onerous.

Like finding a silver dollar in one's pants and saying, "Let's go buy a new suit. I'm sure there'll be more fresh found money in my other pants tomorrow."

I just don't remember any tangible reprieve from government overspending. Only a brief respite (like you mentioned) where they recalculated a new rate of increased spending when an artificial, non-designed windfall fell into their laps.

Posted by: AnonyBotymousDrivel Remembers Babbitt and Perna at March 09, 2023 05:45 PM (aXxgO)

161 56 It might be entertaining if someone asked Biden to explain the difference between the deficit and the debt.

///

I'd be more entertained to meet the person who goes to biden to ask any question seriously expecting to come away with more knowledge.

Posted by: sockamster, gator at March 09, 2023 05:45 PM (MLrvz)

162 136 129 >>>Well as long as Gary Larson doesn’t say dumb shit, I’m good.
Posted by: tubal at March 09, 2023 05:35 PM (PCK5/)

I am grateful Bill Watterson doesn't talk publicly. At all.

Not The Bee had a piece earlier today about a social post by Milana Vayntrub that read like a Woke Manifesto, asserting (in part) her gratitude for her access to abortion. Sometimes you just wish the fantasy lived up to the reality.

Posted by: red speck at March 09, 2023 05:46 PM (gS3OW)

163 nahp, ol' joe's gonna crash the economy.

he's going to double the capital gains tax rate.

take that you fucking boomers. enjoy your nest egg crumbling to dust as a 3rd world somali pirate beats you up in your nursing home.

Posted by: sockamster, gator at March 09, 2023 05:48 PM (MLrvz)

164 >>Not The Bee had a piece earlier today about a social post by Milana Vayntrub that read like a Woke Manifesto, asserting (in part) her gratitude for her access to abortion. Sometimes you just wish the fantasy lived up to the reality.

I'd still pound her cervix like it was Paul Pelosi and I was a hammer wielded by a homeless hemp jewelry artist.

Posted by: garrett at March 09, 2023 05:48 PM (YBKpP)

165 I say do it.

fucking do it.

crater the economy.

Posted by: sockamster, gator at March 09, 2023 05:48 PM (MLrvz)

166 I'd still pound her cervix like it was Paul Pelosi and I was a hammer wielded by a homeless hemp jewelry artist.
Posted by: garrett at March 09, 2023 05:48 PM (YBKpP)

Redundant. ALL hemp jewelry artists are homeless.

Posted by: Wally at March 09, 2023 05:49 PM (UEzis)

167 oh wait...no. we sane people have to resist we much because we still fucking live here and I didn't win enough lotto to live in Dubai.

Posted by: sockamster, gator at March 09, 2023 05:49 PM (MLrvz)

168 Bribe'em is absolutely going to be the Dem nominee. If he loses they haven't sacrificed a future pick and if he wins look for a VAT tax in your future,

Posted by: Ben Had at March 09, 2023 05:45 PM (kxTvt)

I often wonder about this. Yes - they think they want it. Seems to me, the easiest way to get around it would be to go back to the old school way of doing things ... vertical integration.

Hell - before you know it - just in time will be a dead concept at this rate.

Posted by: Just The Way It Is at March 09, 2023 05:49 PM (/P0vp)

169 And let me take this moment to - yet again - applaud the gutless, corrupt wonders called REPUBLICANS for putting proven cheater [they admitted rigging the election] and utter fraud, Joe Biden into an office he did not honestly win. You stole America's best future and I wish nothing but death to the Republican Party.

Fuck you, G.O.P.!

Posted by: Tracy at March 09, 2023 05:50 PM (8Re9K)

170 I'll happily pay my taxes on unrealized gains with unrealized earnings!

Posted by: gourmand du jour, back to bipedal status at March 09, 2023 05:50 PM (jTmQV)

171 I'd reach for...and barely miss the cervix. you're welcome, ladies

Posted by: sockamster, gator at March 09, 2023 05:50 PM (MLrvz)

172 ZOD IMPERIAL.
Posted by: ZOD at March 09, 2023 05:43 PM

*considers comment*

*considers nic*

*nods*

Posted by: RedMindBlueState at March 09, 2023 05:51 PM (Wnv9h)

173 159 Bribe'em is absolutely going to be the Dem nominee. If he loses they haven't sacrificed a future pick and if he wins look for a VAT tax in your future,

Posted by: Ben Had at March 09, 2023 05:45 PM (kxTvt)

The VAT will be on top of all current Fed, state, local taxes. Bet on it.

(waves to Ben Had)

Posted by: Gref at March 09, 2023 05:51 PM (AMIL/)

174 the fat gal with big hoots has opinions?

Posted by: sockamster, gator at March 09, 2023 05:51 PM (MLrvz)

175 Also in Matt Taibbis hearing today - Denocrat questioners were very frightened and confused about this mysterious thing called "Substack" which they had never heard of before.

Posted by: Tom Servo at March 09, 2023 05:51 PM (f3Ebs)

176 Two trillion? We’ll send that much to Zelenskyy by April.

Posted by: Advo at March 09, 2023 05:52 PM (VHN21)

177 how do you tax 20% of unrealized capital gains? unrealized as of what date? sounds like a plan to crash the market.

Posted by: x at March 09, 2023 05:52 PM (ZBPE2)

178 Seventh Day Adventists is my guess...

@disclosetv · 1h
JUST IN - At least 6 dead, many injured after a shooting at a Jehovah's Witness center in Hamburg, Germany.

Breaking911 @Breaking911
GERMANY MASS SHOOTING:
- At least 6 reported killed in city of Hamburg
- Multiple others injured
- Suspect(s) on the run

Posted by: andycanuck (Vwz3I) at March 09, 2023 05:53 PM (Vwz3I)

179 "sounds like a plan to crash the market."

///

no, man, come on...we take the stuff. you keep buying the stuff too, right? So stuff stays current price!

Posted by: sockamster, gator at March 09, 2023 05:53 PM (MLrvz)

180 "this mysterious thing called "Substack" which they had never heard of before.
Posted by: Tom Servo"

I bet Nadler perked up. Even if he wasn't in the room.

Posted by: fd at March 09, 2023 05:53 PM (iayUP)

181 Bribe'em is absolutely going to be the Dem nominee. If he loses they haven't sacrificed a future pick and if he wins look for a VAT tax in your future,

Posted by: Ben Had at March 09, 2023 05:45 PM

The democrats have been salivating over a Federal VAT for decades. It's gonna happen eventually.

Posted by: Mister Scott (Formerly GWS) at March 09, 2023 05:53 PM (uNylN)

182 this mysterious thing called "Substack" which they had never heard of before.

////

they also wondered if they were a threesome. and matt's like "no, more of an orgy, there were more."

Posted by: sockamster, gator at March 09, 2023 05:54 PM (MLrvz)

183 I'll happily pay my taxes on unrealized gains with unrealized earnings!
Posted by: gourmand du jour, back to bipedal status at March 09, 2023 05:50 PM (jTmQV)

Perhaps you should pay next Tuesday?

Posted by: LASue at March 09, 2023 05:55 PM (Ed8Zd)

184 Still not sold on bigK

He 'intends' to release the 10s...

something, something crap in the other and see which one fills up first...

Posted by: micky at March 09, 2023 05:55 PM (3byMq)

185 How long it's been since the dems had a new idea - this "unrealized capitol gains" tax is just a tarted up rewrite of Huey Long's "Share the Wealth" tax from the early 1930's.

Posted by: Tom Servo at March 09, 2023 05:55 PM (f3Ebs)

186 Avoiding VAT thru vertical integration? If that would actually work then that outcome explains the Left's desire. Vertical integration would be a dream world for corporate fascists.

Posted by: Jamaica NYC at March 09, 2023 05:55 PM (Eeb9P)

187 Insider Paper @TheInsiderPaper · 1h
BREAKING: Mass shooting in Hamburg, Germany, initial reports say 6 dead

DEVELOPING 🚨 ‘Several dead’ in shooting in Hamburg: German media

This is a developing story.. check back for updates

UPDATE: Up to 30 people shot in Hamburg shooting in Germany, local media reports

UPDATES - Hamburg shooting:

Authorities alerted people to an “extreme danger” in the area using a catastrophe warning app.

Residents must stay indoors, they said.

Perpetrator is on the run, German media reported

· 19minutes
BREAKING: Gunman believed among dead in Hamburg shooting, police say

Posted by: andycanuck (Vwz3I) at March 09, 2023 05:55 PM (Vwz3I)

188 148 ZOD IMPERIAL.
Posted by: ZOD at March 09, 2023 05:43 PM (Q/6pY)

Welcome

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 05:56 PM (lEVn+)

189 Is the gunman in germany a mormon?

Posted by: Nevergiveup at March 09, 2023 05:57 PM (Irn0L)

190 Avoiding VAT thru vertical integration? If that would actually work then that outcome explains the Left's desire. Vertical integration would be a dream world for corporate fascists.

Yes. That's what they want. A return to more big corps, and way less smaller entities. And it's not just the Left's desire. It's the desire of the McConnell's of the world. They desire order - even when inefficiency is a side effect.

Posted by: Just The Way It Is at March 09, 2023 05:58 PM (/P0vp)

191 Matt statements to Congress

https://tinyurl.com/y54u8hke
Posted by: Skip at March 09, 2023 05:44 PM (xhxe

Thank you!

Posted by: LASue at March 09, 2023 05:58 PM (Ed8Zd)

192 I’m against this in principle, but FUCK the ultra-wealthy and FUCK big companies. FUCK them all. Why are we going to bat for people that hate us?

Posted by: Elric Blade at March 09, 2023 05:58 PM (Q87vU)

193 PSA, Save this:

Fighting DEI Training
New Discourses (aka James Lindsay )

"So your job is making you take a Diversity, Equity, and Inclusion (DEI) training, an “unconscious bias” training, or maybe a “Sustainability,” ESG, or SDG (Sustainable Development Goals) meeting."

Posted by: weft cut-loop at March 09, 2023 05:58 PM (jzzG8)

194 We went from very busy to very slow, worried it's the economy so every job could be last

Posted by: Skip at March 09, 2023 05:59 PM (xhxe8)

195 Gas station tapioca.

Posted by: Rolling Donut Unharmed By gp's Flying Leap at March 09, 2023 05:59 PM (MvF+J)

196

@disclosetv · 1h
JUST IN - At least 6 dead, many injured after a shooting at a Jehovah's Witness center in Hamburg, Germany.

Breaking911 @Breaking911
GERMANY MASS SHOOTING:
- At least 6 reported killed in city of Hamburg
- Multiple others injured
- Suspect(s) on the run
Posted by: andycanuck (Vwz3I) at March 09, 2023 05:53 PM (Vwz3I)

How did this leak through the transom? Mass shootings were only supposed to happen in the US.

Posted by: Dr. Pork Chops & Bacons at March 09, 2023 05:59 PM (BdMk6)

197 Here's where the bite comes into play. Taxes. Not every LIV is a tax cheat, but some are going to start to wonder.

BTW... the Trump so called "tax breaks" which were really a realignment of IRS tax brackets are going to sunset in 2026.

Your income taxes will jump by a very significant amount... on average around 12% or more.

Posted by: Martini Farmer at March 09, 2023 06:00 PM (Q4IgG)

198 How did this leak through the transom? Mass shootings were only supposed to happen in the US.
Posted by: Dr. Pork Chops & Bacons at March 09, 2023 05:59 PM (BdMk6)

It'll be used to ban firearm ownership in Germany.

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 06:01 PM (lEVn+)

199
Are we at the point in this FARCE when Democrats disengeniunely ask Us: Well, where's 'your' budget, then?

Just like they're going to ask, Well, where's *your* Student Loan "crisis" solution?

Posted by: Soothsayer, the HQ's Most Respected Commenter at March 09, 2023 06:01 PM (swXWo)

200 "When corporations pay heavier taxes, who pays them, ultimately?"

some might be passed on to the consumer of course ... BUT there might be a "comparative advantage" to small biz, or to alternative products.

From my view, same with the tariffs on China ... they did not pass on the "tax", they absorbed it in their outrageous "comparative advantage" profit margins (their advantage being slave labor and having disposable workers, freedom to pollute infinitely, government theft of foreign tech ... all supported under the "Free Trade" Rubicon.

Taxes pose a disadvantage on some, but sometimes it is those who have been "cheating the system". But Biden is probably giving carve outs to any that pay the Big Guy his 10-20%.

Posted by: illiniwek at March 09, 2023 06:02 PM (Cus5s)

201 Taxes work on the back end, eating into that profit, in today's economy. Closing the gap between profit and break even. They do not factor into the setting of the price much.
Posted by: Just The Way It Is at March 09, 2023 05:29 PM (/P0vp)
==
Lol! I've sat in those rooms, and if you think that, then I've got a some beachfront Kansas property for you.

Taxes is just one part in the equation of course. And everything that comes into play for EBITDA, takes into account what that bottom line thing will be. If you are set up like Amazon to create perpetual losses on the tax sheet versus how much cash flow you can generate, yeah they have less impact. If you are an automaker like Ford or GM that EBITDA number needs to be so big to generate the eventual bottom line number. If the bottom line number is significantly impacted by the tax bill, then EBITDA needs to go higher - and there are many ways that happens, including price increases.

Posted by: Black JEM at March 09, 2023 06:03 PM (dUndZ)

202 > Is the gunman in germany a mormon?

We do tend to have a lot of guns, though we don't typically use them that way.

Posted by: bonhomme at March 09, 2023 06:04 PM (eyxn4)

203
Joe Biden will not raise taxes on anyone making less than $400,000. Period. But he will ask wealthy Americans and big corporations to pay their fair share

He will ASK?

Posted by: Bertram Cabot, Jr. at March 09, 2023 06:04 PM (63Dwl)

204 How did this leak through the transom? Mass shootings were only supposed to happen in the US.
Posted by: Dr. Pork Chops & Bacons at March 09, 2023 05:59 PM (BdMk6)

IIRC it is not considered a "shooting" under German classification if it is not done with a registered firearm.

That is how the gun battles with AKs between the Bulgarian and Turkish gangs are ignored

Posted by: Kindltot at March 09, 2023 06:04 PM (xhaym)

205 nood y'all

Posted by: Mark Andrew Edwards, Buy ammo, food, water at March 09, 2023 06:05 PM (lEVn+)

206 Nood, Quick Shits.

Posted by: weft cut-loop at March 09, 2023 06:05 PM (jzzG8)

207 Time to throw Biden into the Boston Harbor in revolt.

Posted by: Lady in Black at March 09, 2023 06:05 PM (sVtYq)

208
lol

usurper biden tells his very stupid audience nobody (i.e., the stupid public) knew what a "supply chain" was before the china virus

Posted by: Soothsayer, the HQ's Most Respected Commenter at March 09, 2023 06:07 PM (swXWo)

209 BTW the way - Just The Way It Is - I'm fine with companies being forced to pay up for being dicks and allowing themselves to get captured by the leftist totalitarians. And if this tax eventually creates less money for them, and the realization that the GOP will no longer protect their bank accounts, I'm good with that. Of course, you do too much and they are all going to offshore their HQs again, and pay nothing.

Posted by: Black JEM at March 09, 2023 06:07 PM (dUndZ)

210 Lol! I've sat in those rooms, and if you think that, then I've got a some beachfront Kansas property for you.

I also sit in those rooms. Margins, in the right market, are 35% or more right now. If you can deliver said good - you name your own price.

If "your" market is automotive ? Don't know what to tell you. They can't even deliver a heavy duty truck right now - but they're taking orders.

Tell us - what is your market ? I'm a vendor to the power generation industry. Tax burden is not on anybody's agenda. Lack of talent is. Six month lead times for material is. Taxes are not.

Posted by: Just The Way It Is at March 09, 2023 06:08 PM (/P0vp)

211 Of course, you do too much and they are all going to offshore their HQs again, and pay nothing.

Posted by: Black JEM at March 09, 2023 06:07 PM (dUndZ)

And if Bill Gates offshores ? We win.

Posted by: Just The Way It Is at March 09, 2023 06:09 PM (/P0vp)

212 Just sat down, now have to turn the page

Posted by: Skip at March 09, 2023 06:09 PM (xhxe8)

213 Welp, my next project is in NYC.

That sucks.

Posted by: Thomas Bender at March 09, 2023 06:09 PM (up/3i)

214 I guess those German Jehovah's Witnesses rung one too many doorbells.

Posted by: Dr. Pork Chops & Bacons at March 09, 2023 06:10 PM (BdMk6)

215 Tell us - what is your market ? I'm a vendor to the power generation industry. Tax burden is not on anybody's agenda. Lack of talent is. Six month lead times for material is. Taxes are not.
Posted by: Just The Way It Is at March 09, 2023 06:08 PM (/P0vp)
==
Heavy off road mfg.

Never had a margin that big. And the auto's most certainly do not. Yes, their supply lines and materials are an issue. Personnel becoming less so, more talk than reality at the moment except for very specific positions.

And the tax number is always in play. Always. The top finance guys are factoring it into their budget requirements - it's just another input. If it goes too high, it must be countered. If I can't get price, or choose not to get it - and right now anyone can get price - I have to get it somewhere else.
And if you think they aren't watching the eventual tax rate because other things are more pressing, you have some very unusual finance guys.

Posted by: Black JEM at March 09, 2023 06:15 PM (dUndZ)

216 And again. I don't care all that much about how it harms the mega corps who cannot manipulate their balance sheet to take it into account. Anything bad is fine - though their employees will feel it more than Gates and others will. But so be it.

Posted by: Black JEM at March 09, 2023 06:18 PM (dUndZ)

217 And if you think they aren't watching the eventual tax rate because other things are more pressing, you have some very unusual finance guys.

Posted by: Black JEM at March 09, 2023 06:15 PM (dUndZ)

Street price isn't even being determined by MSRP now, for new trucks. Dealers are selling above MSRP.

I don't know what to tell you. It's your paradigm - you won't change it. Modern economics, in the last couple years - simply do not work the way you wish they did.

Posted by: Just The Way It Is at March 09, 2023 06:27 PM (/P0vp)

218 No - you are just locked into a paradigm. The finance guys have a formula - if you choose to believe taxes are absent from it - that is fine.

Posted by: Black JEM at March 09, 2023 06:31 PM (dUndZ)

219 Ford is literally - literally - stacking unfinished trucks around any open piece of ground they can grab here. You telling me they're doing this - because of really sharp finance guys, all with their calculators working, factoring in contemporary tax rates into the decision to keep pumping those trucks out ?

I used to think this was a Boomer attitude - the faith that folks in the know, experts, were making the big decisions. But it's not exclusive to the Boomers. It's just a general faith, when confronted with all this madness, that somebody somewhere smart surely has this all under control.

They don't. Tax policy has nothing to do with it, either.

Posted by: Just The Way It Is at March 09, 2023 06:35 PM (/P0vp)

220 Oh - and yes dealers are - and manufacturers are looking for ways to eliminate dealers, just in case you didn't notice. Very interesting things going on at the big 2 with their dealer networks - I don't know anyone in Chrysler/Fiat - but I imagine its the same.

Don't mistake current retail price capture for an indifference to tax costs. Those concerns are always there.

Posted by: Black JEM at March 09, 2023 06:43 PM (dUndZ)

221 No - you choose to willingly ignore what I am saying. And I have a very close personal acquaintance in the Ford system. The restrictions and limits they are placing on these trucks is ... interesting. And varies from dealer to dealer.

And regardless, none of this has anything to do with what Ford finance execs think about taxes. I did at one point actually have an acquaintance in GM's Treasury office in NY - long since past. They knew everything about every tax policy. The joke in the auto industry was they were GM's best performing unit. And I think they were right. We can quibble over how much tax policy impacts price. But to suggest that it has no impact is just ignoring reality. They know it, and watch it. If it gets too interesting, they pay alot more attention to it. And trust me, they are paying attention to 28%.

Posted by: Black JEM at March 09, 2023 06:48 PM (dUndZ)

222 And if you think they aren't watching the eventual tax rate because other things are more pressing, you have some very unusual finance guys.
Posted by: Black JEM at March 09, 2023 06:15 PM (dUndZ)

Increased taxation impinges free cash flow unless EBITDA can be increased thru cost reductions or price increases - and declining free cash flow in turn impinges DSCR and capital expansion plans. So the idea of increased taxation matters in finance, a lot.

Posted by: Boswell at March 09, 2023 07:02 PM (+Cgut)

223 He doesn't need to do it nationwide...
He can just revoke Delawares unique Tax Haven status, force the thousands of corporations/Banks/Hedgefunds/Trusts that claim to be "Headquartered" there to pay the same current rates as everyone else...POOF! $Billions in new revenues!
PLUS...They will have to disclose members, leaders names, and other currently hidden filings.
Delaware is currently the "Caiman secret Banking" capitol of the Mainland.
Surely if HE wants to do that, Delaware will be behind him 100%...Right? After all they are the ones who have elected/re-elected him continuously since the day he carpetbagged his way there from Pennsylvania.

Posted by: birddog at March 09, 2023 07:14 PM (uAI4S)

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