Archive for tax breaks

Senators promise colleagues 50 years of secrecy in exchange for suggestions on tax reform, "making secrecy a priority"


what's the big secret

You know, the one thing I've been wishing for is more secrecy from our elected officials, because gee, who really needs transparency anyway? Especially when it comes to tax reform and being aware of which U.S. Senator supports which policies.

Yes, by all means, the more secrecy the better. America first!

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The Hill:

The Senate's top tax writers have promised their colleagues 50 years worth of secrecy in exchange for suggestions on what deductions and credits to protect in tax reform.

Finance Chairman Max Baucus (D-Mont.) and the panel’s top Republican, Sen. Orrin Hatch (Utah), have assured lawmakers that any submission they receive will not be released by either the committee or the National Archives before the end of 2064.

Deeming the submissions confidential, the Senate’s top tax writers have said only certain staff members will get access to a senator’s written suggestions. Each submission will also be given its own ID number and be kept on both password-protected servers, with printed versions kept in a locked safe.

The promise of confidentiality was revealed just two days before the deadline for senators to participate in the Finance Committee’s “blank slate” process, which puts the onus on lawmakers to argue for what credits and deductions should be preserved in a streamlined tax code.

The piece goes on to say that Baucus and Hatch were "trying to prove to colleagues that they were making secrecy a priority."

A priority. Of course. Forget about allowing the rest of us in on what you're up to.

Keeping the submissions confidential for a half century, the aide added, was “standard operating procedure for sensitive materials including investigation materials.”

Okay, I get that their motivation was to get all the senators engaged, but providing fifty years of secrecy doesn't do much to instill confidence in the honesty and intentions of our Congress members. And as The Hill noted, "blowback from interest groups and businesses" is a concern.

How about ignoring the lobbyists, just this once? How about showing some spine and concern by unambiguously standing up for the welfare of all Americans? Rhetorical, and yes, I know, I know, totally unrealistic. But sometimes that pesky wishful thinking just slips out.

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Report: Majority of WI GOP-backed income tax cuts would go to those making over $100K


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Day after day, post after post, it becomes more and more obvious that Republican have no intention of "reinventing" themselves, only their superficial, fake "image." The party may think nobody's noticing what's behind the curtain, but apparently young voters (among others) are. They see the GOP as “closed-minded, racist, rigid, old-fashioned,” and not “open-minded, caring, or co-operative.”

Here's something else they are: Perpetually devoted to the wealthiest people and corporations at the expense of regular working people. Wisconsin Republicans have made that perfectly clear.

Via The Journal Times:

A Republican lawmaker’s proposal to expand income tax cuts beyond those initially proposed by Gov. Scott Walker would mostly benefit taxpayers making more than $100,000, a nonpartisan analysis released Monday found.

The average tax cut for 2015 under the proposal would be nearly $300, compared to the $83 average for an average taxpayer under Walker’s plan, according to the analysis. [...]

The report came as Republicans who control the Legislature wrangled over major budget items in closed door meetings, negotiating last-minute deals on cutting income taxes, expanding private voucher school programs, funding public schools and rejecting a federally funded Medicaid expansion.

So what else is new, right?

Please proceed.

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Bonus Cartoon of the Day- IRS Picking On Conservatives?



Monte Wolverton


Gov. Bobby Jindal’s 2016 resume goes down in flames, an "ominous sign for national Republicans"


way to go stars high five

I love that headline, shamelessly stolen from a TPM post. We've already seen Bobby Jindal’s approvals take a dive in Louisiana; nearly half give him a failing grade due to voter dissatisfaction with state fiscal and education policies, according to this poll.

He's in meltdown mode because of his now-pulled his tax plan, the one that would have replaced the income and corporate tax with a new sales tax. As TPM notes, he made the tax proposal a centerpiece of his second term agenda.

More from TPM, including a reminder that Paul Ryan's/the House GOP budget is a losing proposition:

Governor Bobby Jindal (R-LA), considered a leading presidential contender in 2016, is suffering a political meltdown in his home state... In an ominous sign for national Republicans, the immediate cause is a sweeping economic agenda with strong parallels to the House GOP’s latest budget. [...]

His retreat was a concession to the reality that the [tax] proposal was headed towards a humiliating defeat — and taking Jindal down with it along the way... [His] plans generated complaints from economists that they would require regressive tax increases on the poor and middle class to secure lower taxes for the wealthy.

He's going down in flames because of "his political style, his travel out of state, his budget cuts, additional talk of more budget cuts, and of course the tax plan," per pollster Bernie Pinsonat.

It doesn’t help that Jindal refuses to take federal money from the Affordable Care Act to expand the state’s Medicaid system.

How's that austerity thing workin'  for ya, GOP? And of course, their spiffy little Republican Renovation isn't exactly a rousing success, either.

keep up the good work