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National/Breaking News / Re: Harvey Weinstein's rape conviction overturned in New York
« Last post by GtHawk on Today at 03:10:36 pm »Harvey Weinstein didn't hang hang himself......coming to your daily news soon?
Recent Posts
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Editorial/Opinion/Blogs / Re: It's Going to Take Some Serious Fraud to Help Biden Win> David Strom
« Last post by DB on Today at 02:50:34 pm »There were little to no consequences for the fraud last time around. They'll only get bolder. Both the media and the DOJ have their back.
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Politics/Government / Re: Political Graphics 2024
« Last post by DCPatriot on Today at 02:47:36 pm »
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Sports/Entertainment/MSM/Social Media / Re: Baseball 2024
« Last post by DCPatriot on Today at 02:46:02 pm »
“During my 18 years I came to bat almost 10,000 times. I struck out about 1,700 times and walked maybe 1,800 times. You figure a ballplayer will average about 500 at bats a season. That means I played seven years without ever hitting the ball.”
— Mickey Mantle
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Economy/Business / Re: Stagflation Shock: GDP Growth Slows Much More Than Expected While Inflation Accelerates 7 Mark Z
« Last post by DB on Today at 02:44:51 pm »Even worse the printed money injected into the economy is counted as GDP... Which came out of thin air... Smoke and mirrors... Our situation is much worse than the government baked numbers indicate...
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Politics/Government / Re: Biden calls for middle-class tax hike
« Last post by Smokin Joe on Today at 02:31:16 pm »FJB!
All they have to do is lower the 'poverty level' (in further defiance of reality) and they get more money.
All they have to do is lower the 'poverty level' (in further defiance of reality) and they get more money.
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National/Breaking News / Re: Harvey Weinstein's rape conviction overturned in New York
« Last post by Polly Ticks on Today at 02:30:41 pm »
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Jokes and Humor / Re: The Official TBR Silliness Thread---2024
« Last post by Smokin Joe on Today at 02:29:00 pm »
I miss the times they could be given a swat on the butt on the spot.
It worked, tantrum over, lesson learned, boundaries established.
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Politics/Government / Re: Political Graphics 2024
« Last post by Smokin Joe on Today at 02:26:27 pm »Well, while you are at it, remove the tires, the plastic interior, the foam in the seats, along with the faux leather, the insulation from the wiring, the bumper shrouds, the light housings, etc. etc. etc. that is all derived from oil. Make a clean break.
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Politics/Government / Biden calls for middle-class tax hike
« Last post by mystery-ak on Today at 02:21:06 pm »Biden calls for middle-class tax hike
By
Timothy P. Carney
April 24, 2024 4:47 pm
President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone.
Now, to be fair, Biden may not have understood that’s what he’s saying.
https://twitter.com/JoeBiden/status/1782904787966558608
Letting the Tax Cuts and Jobs Act expire and “stay expired” would be a massive middle-class tax hike because the Tax Cuts and Jobs Act was a massive middle-class tax cut. Yes, wealthy people also saw their taxes reduced by the TCJA, but the law actually shifted a greater portion of the tax burden onto the wealthy.
The TCJA doubled the child tax credit and the standard deduction while lowering everyone’s tax rates. Letting this law expire would cut the standard deduction in half, cut the child tax credit in half, and increase everyone’s marginal rates. Keep in mind that rich people don’t use the standard deduction, and the child tax credit phases out for the wealthy, and so these tax hikes would really only hit the non-rich.
A family of five earning $90,000 (slightly below the median in Biden’s home state of Delaware) would see its marginal tax rate jump from 12% to 15%, and would see its $6,000 in tax credits fall to $3,000 under the Biden plan.
more
https://www.washingtonexaminer.com/opinion/beltway-confidential/2978442/biden-calls-for-middle-class-tax-hike/
By
Timothy P. Carney
April 24, 2024 4:47 pm
President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone.
Now, to be fair, Biden may not have understood that’s what he’s saying.
https://twitter.com/JoeBiden/status/1782904787966558608
Letting the Tax Cuts and Jobs Act expire and “stay expired” would be a massive middle-class tax hike because the Tax Cuts and Jobs Act was a massive middle-class tax cut. Yes, wealthy people also saw their taxes reduced by the TCJA, but the law actually shifted a greater portion of the tax burden onto the wealthy.
The TCJA doubled the child tax credit and the standard deduction while lowering everyone’s tax rates. Letting this law expire would cut the standard deduction in half, cut the child tax credit in half, and increase everyone’s marginal rates. Keep in mind that rich people don’t use the standard deduction, and the child tax credit phases out for the wealthy, and so these tax hikes would really only hit the non-rich.
A family of five earning $90,000 (slightly below the median in Biden’s home state of Delaware) would see its marginal tax rate jump from 12% to 15%, and would see its $6,000 in tax credits fall to $3,000 under the Biden plan.
more
https://www.washingtonexaminer.com/opinion/beltway-confidential/2978442/biden-calls-for-middle-class-tax-hike/
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