Donald Trump boards the $400M luxury jet, that the Qatar government "gifted" him - for the first time.
byu/ramdomwalk inCattyInvestors
Showing posts with label reddit. Show all posts
Showing posts with label reddit. Show all posts
May 13, 2025
Today's Reddit
Mar 24, 2025
To Have And Have Not
- Biden's tax plan would've raised taxes on people making over about $400K.
- Republicans are busy killing the federal government in order to finance another tax cut that will not deliver much of a benefit to anyone making under about $360K.
But we told Biden to get lost because was too old, and then 60 million of us stayed home instead of voting for the black lady who wanted to make government a little bit better partner for workin' folks.
We are the stupid country.
We don’t understand that 200k isn’t rich. It’s still working class.
byu/Altruistic_Income256 inTikTokCringe
The Congressional Budget Office has bad news for the GOP.
Republicans have a trifecta, which means they’re trying to pass more expensive tax cuts that will disproportionately go to the rich.
How expensive? They’ll cost $4 trillion over the next decade and would increase upward pressure on the debt ratio by 50 percent. How disproportionate? America’s top 0.1% would get a tax cut of $278,000 while 28 million households in the bottom 80 percent would have no change in their tax bill and 14 million in the bottom 80 percent would actually have their taxes go up.
In looking for ways to extend those cuts, Republicans face two problems.
What’s different is that, this time around, much of what they’re trying to do is currently in effect but set to expire — and Republicans are not pretending the tax cuts will pay for themselves (because they don’t). Instead — and I am not making this up — they’ve just decided to say the costs don’t count. They’re free.
How did we get here? Back in 2017, Trump and congressional Republicans enacted the Trump tax cuts. Because they used a process known as budget reconciliation — the same process they’re using now — most of those cuts are set to expire at the end of 2025.
In looking for ways to extend those cuts, Republicans face two problems.
First, the tax cuts cost $4 trillion over the 10-year budget window, and Republicans can’t even get close to finding a way to pay for them, but some of them don’t feel comfortable with adding that much to the deficit. The House GOP’s proposal attempts to offset some of the extension by kicking millions of people off Medicaid and cutting food benefits down to just $1.67 per person per meal on average. Yet deficits would still increase by around $3 trillion over the decade.
The second problem is that, in order to pass a bill under reconciliation, the bill’s costs beyond the tenth year have to be fully paid for. If Republicans want to make these tax cuts permanent, they must find a way to pay for them in the long term. Given that their conference can’t even really agree on the cuts to pay for one-third of their tax bill, getting the votes for much bigger cuts would be an enormous lift.
So, now Republicans have a new strategy: pretend the tax cuts are free. Magic!
They’re claiming that, because we’ve already been incurring the costs, continuing them shouldn’t count as a new cost. Republicans endorsing this strategy include House Speaker Mike Johnson, Senate Finance Committee Chair Mike Crapo and Treasury Secretary Scott Bessent, who says the Trump White House favors the strategy.
The CBO’s report goes on to say that extending the Trump tax cuts would harm the economy and increase consumers’ borrowing costs.
Unsurprisingly, this is an enormous gimmick. The most fundamental rule of budget scorekeeping is that all costs are always scored at some point. You can score them all up front, or you can score them again and again as you keep extending the program. But what Republicans are asking for, despite getting scored on a temporary basis in 2017 when the tax provisions were first enacted and thus getting to avoid being scored for some of the cost, is to now be scored as free to continue. That means some of the costs would never be scored. No program in the entire budget receives that treatment.
But while Republicans can pretend the costs are free, the Treasury Department will have to finance these expensive tax cuts. That means incurring new debt.
On Friday, the Congressional Budget Office released a report estimating that permanently extending the Trump tax cuts without paying for them would in fact be very costly. The national debt “would reach 214 percent of GDP in 2054, 47 percentage points higher” than if the tax cuts aren’t extended. The CBO’s report goes on to say that extending the Trump tax cuts would harm the economy and increase consumers’ borrowing costs.
For the moment, the scoring method used isn’t entirely in Republicans’ hands. The Senate parliamentarian, the chamber’s expert on procedure and precedents, advises on whether bills meet the rules for reconciliation, and she is unlikely to let Republicans pretend their tax cuts are free.
We’ll likely know the parliamentarian’s answer within the next few weeks. If, as expected, she says no, Republicans have four options: accept her ruling, fire her, ignore her or vote on whether to overrule her — which would require only a simple majority. Depending on their choice, we’ll know whether Republicans will use make-believe to protect the wealthiest Americans, or whether we’ll remain tethered to reality.
you are always 4 or 5 really bad months
away from living in a homeless camp
you are never 4 or 5 really good months
away from becoming a billionaire
Mar 23, 2025
Happening
I haven't vetted this, but there's nothing obvious that makes me think it's not real.
We know this kind of shit is happening, so it's not unreasonable to believe this story.
I just wanna shoot some of these assholes.
His neighbor got detained by ICE and if you don’t think thats „insane“, just listen to what he gotta say:
byu/Morgentau7 inThatsInsane
Jan 12, 2025
Today's Reddit
It's all just too fuckin' weird.
JD Vance is now compared to Mike Pence by J6ers and their defenders.
byu/justalazygamer inParlerWatch
Oct 28, 2024
Today's Reddit
Hopefully, everybody's heard about it by now, but I feel the need to document it for myself.
Yes - they're bigoted exclusionist assholes, and they're not even trying to hide it now.
They've gone from dog whistle to klaxon to fog horn to skywriting and fireworks. What more do we need?
Tony Hinchcliffe at the Trump rally today in New York City, he plays it off as a joke but it’s what they all want to hear
byu/Odlavso inPublicFreakout
Aug 11, 2024
What They Want
These people aren't concerned, and raising the alarm. They're not just worried that something bad will happen.
They're hoping for it. They're willing to take part in it, and to help start it.
"Are you concerned if Trump loses, that there will be another Jan. 6?".."No..""I think there will be civil war"
byu/ombx inPublicFreakout
Jun 14, 2024
May 17, 2024
Today's Reddit
Everybody up for a David-n-Goliath moment?
Israeli drone gets taken out with a single stone
byu/controversial_bummer inCombatFootage
Apr 23, 2024
Today's Reddit
Social media is chock-full of good news tonight.
George Santos ends comeback bid for Congress after raising no money
byu/Original_Dogmeat innottheonion
Apr 22, 2024
Pushback
Christian pastor has had enough of politics being brought into the church
byu/Romano16 inPublicFreakout
Apr 21, 2024
Today's Reddit
If I had the money, this would be on every highway in every red state.
Trump killed border security
byu/santuccie indemocrats
Mar 4, 2024
Feb 15, 2024
Feb 7, 2024
Today's Reddit
If there's a "positive" to any of this, it's the question of veracity. Trying not to be either cynical or naive, I still think the probability is fairly high that most of these idiots are pulling these stunts, and coming out with all this badass rhetoric because they know if they play to the idiot voters who say this is what they want, they can get a pretty decent government gig out of it.
They can pretend to be Ron Swanson for a while.
MAGA Nazi Karen burns LGBTQ books with a flamethrower in her campaign ad, running for GOP Secretary of State of Missouri
byu/GrizzlyBearAttack inPublicFreakout
Jan 29, 2024
Jan 26, 2024
Today's Reddit
Meanwhile, over at r/Conservative (AKA: Reddit Law School), the deep-thinking scholars are deeply thinking.
Jury rules Trump must pay $83,000,000 in damages for defaming E. Jean Carroll
level 2
The court has fined him. They won't make him pay anything. It will never survive appeal. He'll end up suing her for court costs and he'll win, just like he did against the porn star.
133
level 2
She could be a literal pigeon
TBF, that's a tiny distinction, she is a loon.
Same as the Kavanaugh accusers. Zero evidence, just a claim, and one brought to court at times calculated to do as much political harm as possible.
Also, that this can happen in civil courts at all is an abomination.
They have a lower threshold of evidence, but it is not supposed to be absolutely zero. It is a travesty, as is people acting like it is a criminal conviction.
Clown world.
28
level 1
I mean, no evidence that he assaulted her and they found him guilty. Then they found him liable for damages and set the amount insanely high. Surely anyone who's not a deranged Trump hater can see this is all punitive from judges who are putting politics first?
41
level 2
It is, but the issue was Trump’s defense or lack thereof. In the original trial he didn’t give a testimony, it was just his disposition. And his argument that he didn’t rape her was “he didn’t find her attractive”. Jean Carroll’s attorney’s pointed out he confused his ex-wife with Jean Carroll and he considers her ex-wife attractive. So trump entire defense was immediately destroyed. It’s essentially a he said, she said issue, and while both said some pretty questionable things, both Trump and his attorney clearly fumbled the trial.
Vote
level 2
All his other trials are gonna go the same way too. Politics have replaced justice in our courts.
0
level 1
Trump raped me in 1973. Never mind the fact that I was born in 1986, facts clearly don’t matter. Here is how I see it playing out:
Me: Trump raped me in 1973.
Trump: I wouldn’t rape JTuck, he’s disgusting and a man.
Me: defamation!!!!!! And he assumed my gender!!!!
Court: here is $83m of Trump’s money.
155
level 2
Alex Jones knows something about comically large numbers when it comes to litigations
2
level 1
What makes zero sense to me is that they are making him pay this for saying she's lying about him raping her.
Something she cannot prove happened.
22
level 2
level 1
So I can just say anyone raped me and if they deny it I can sue for defamation?
Or is it only if I say a conservative raped me in NYC?
4
level 1
level 1
What a joke. Zero evidence and it’s obvious this woman is a loon. I’m not a fan of Trump, but this was a total sham cooked up by democrats. They don’t even try to hide it at all.
Subscribe to:
Comments (Atom)