Kentucky's delegation to Congress includes two Republican senators, Mitch McConnell and Rand Paul, plus 6 members of the House, 5 Republicans and one Democrat: James Comer (R), Brett Guthrie (R), John Yarmuth (D), Thomas Massie (R), Hal Rogers (R) and Andy Barr (R). With the exception of Yarmuth, they all have something in common: an often-stated desire to shrink the federal government and reduce taxes.
by NoahHappy TAX DAY everybody! Or, if you like, how about Happy Oligarch Creation Day!Today is a religious holiday for supporters of the Greed Over People Trump/Ryan Tax Scam of 2017. It's a day where the stinking rich celebrate the biggest wealth redistribution of all time, a very efficient upward wealth redistribution right of of your pockets to theirs.
As I've been explaining, Alexandria Ocasio-Cortez's 60-70% marginal tax rate on all annual income over $10,000,000 would struggle be be called moderate. It's actually quite conservative. How many people have annual incomes of over $10,000,000? And those very few people who do, would only have to pay the 60-70% rate on the income over $10,000,000. That threshold is absurd and should be down around $800,000 (with perhaps a 40% rate) then rise to a million dollars with a 50% rate and climb gradually (rates increasing) towards $5 million will the top rate-- 80% kicks in.
The weekend Paul Krugman was on fire after Republicans cluelessly went on the warpath against Alexandria Cortez again, this time because of her 60 Minutes tax hike for the rich proposal. His NY Times column, The Economics of Soaking the Rich, started by asking "What does Alexandria Ocasio-Cortez know about tax policy?" and then answering... "A lot."
NY Times reporters Jesse Drucker and Emily Flitter are definitely off the Trumpanzee Christmas card list. They did a fascinating expose on how real estate developers— like Kushner (and, no doubt, his crooked father-in-law)— avoid paying taxes.
Earlier today, we looked at how badly Republicans are expected to do in November. Don't fret; they've earned it. And the sense of likely doom is already starting to spill over into their congressional policy agenda.
In Pennsylvania an ungerrymandered congressional map spelled doom and gloom for the GOP. That's why, at least in part, Charlie Dent, Ryan Costello, Bill Shuster and Pat Meehan all announced early retirements and why Brian Fitzpatrick, Rothfus and Mike Kelly still may (or wish they did). The PVIs of these districts changed significantly enough to drive these Republicans out of office.
Young people don’t seem to like Trump much. A new poll from the Associated Press shows that Americans 34 and under understand that he’s racist, dishonest and “mentally unfit” for office. 33% of people between 15 and 34 approve of Trump’s job performance, significantly lower than the whole population.
