One of the long-time dreams of Republicans was to overhaul the tax code. They finally got their chance to do so in 2017, and rushed it through Congress. It cut the tax rate for businesses and they made a big show of how much more people would get in their paychecks, now that all those terrible tax dollars the “Tax and Spend” Democrats were wasting. Even though various economists, tax experts, and, of course, Democrats, were pointing out that the cuts for businesses weren’t needed, and that the economy didn’t need stimulus, it didn’t matter. They rushed it through, and tried desperately to run on it in the 2018 election, to avoid being tied to an increasingly unpopular President.
Tag Archives: taxes
We are now in a record government shutdown, and it looks like it will continue for a while. The reason? A “wall” which objectively is unnecessary, a President who boxed himself in, and a Senate Majority Leader too spineless to put budget bills to a vote, because he doesn’t want to override a veto. The news is full of the problems federal workers face either being out of work with no pay, or worse, having to work without pay. The national media focuses on the easily available stories in Washington and other large cities, but it’s national in scope. But that’s not the only bad news.
A couple of months ago there was an article on another site arguing that one of the reasons some Democrats were against Bernie Sanders was that they were “afraid to sell the case for higher taxes.” More particularly, meaning that they aren’t willing to make the case for the tax increases necessary to pay for all the programs he was proposing. Leaving aside the rather nebulous nature of his healthcare plan, and the unlikelihood of his college plan being accepted, my response was “Do you really expect me to tell people in my area that their tax bill will double?” That would be a tough sell in any event, even if I was really enthusiastic about the programs.
In the previous post, I discussed “predictable outcomes” when it comes to regulatory weakness or lax enforcement in creating man-made disasters. I said they were due to political ideology or short-term economic concerns. There’s another type of disaster which can happen, when problems from a natural event end up being magnified into a man-made one. These stem from political ideology. Recently, a polar vortex moved south, and created winter storm conditions in the South. The result? Atlanta, Georgia became a parking lot. It wasn’t the only area in the South affected, Birmingham, Alabama had similar issues.
A day after up to 3 inches of snow in parts of Georgia caused horrific gridlock on ice-covered streets — particularly in metropolitan Atlanta where thousands were trapped on the roads overnight — several major thoroughfares remained a mess due to lingering accidents and other problems.
In neighboring Alabama, there was a similar scene playing out. “There are still four or five areas on our interstates that are still treacherous. The traffic is still proceeding very slowly, but we are making progress,” Gov. Robert Bentley said.
One of the constant statements you’ll hear from conservatives is how “regulations are stifling business and the economy.” Obviously, if only we could do away with them, it would lead to a major economic boom! It’s a line that draws sympathetic responses, because most of us have our own experiences with various regulations. I know I do in my work. A good part of my job is filling out various reporting forms required by various state and federal agencies. I’m also required to follow quite a number of regulations, and I receive annual – or more – inspections from them, to insure that I’m doing it.