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republicansaredomesticterrorists · 24 days

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#Democrats support veterans #Republicans hate veterans #vote Democratic #vote blue #vote biden harris #American Rescue Plan

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dontmeantobepoliticalbut · 1 year

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Opinion | The GOP tax plan is to let the rich pay less and make you pay more

By Jennifer Rubin

President Biden, consistent with his idea of building an economy from “the bottom up and the middle out,” has tried to get the rich and big corporations to pay more taxes. The MAGA GOP, abandoning all pretense of populism, has a scheme to junk the progressive tax code and replace it with a national sales tax, with devastating results for the middle class.

That tells you a lot about the contrasting visions of the two parties. One still fights for the little guy in practical, concrete terms while the other proposes one harebrained scheme after another with no regard to the needs of average Americans.

Biden’s American Rescue Plan expanded the child tax credit for a year and permanently made it fully refundable, meaning that parents receive the money regardless of how much they owe in taxes. Keeping his promises not to raise taxes on anyone making less than $400,000 a year and to get businesses to pay more, Biden raised $300 billion in revenue in the Inflation Reduction Act by placing a new tax on stock buybacks and enacting a minimum tax on big corporations. To the chagrin of tax cheats (and their sympathetic Republican politicians), the law also boosted funding for the Internal Revenue Service to crack down on tax evaders.

None of these were radical changes in the code. More far-reaching plans to increase the individual top marginal tax rate, to boost the corporate tax rate, to equalize tax treatment of capital gains and ordinary income for those making more than $400,000, and to eliminate the step-up basis for the estate tax never passed.

The principle underlying all of these measures, which would be comparatively small adjustments that would not hit the vast majority of Americans, was simple: The rich have made out very well and should pay more taxes; working- and middle-class taxpayers shouldn’t.

“Over the past 40 years, the wealthy have gotten wealthier, and too many corporations have lost their sense of responsibility to their workers, their communities and the country,” Biden said in a speech in September 2021. “CEOs used to make about 20 times the average worker in the company that they ran. Today, they make more than 350 times what the average worker in their corporation makes.” He added, “Since the pandemic began, billionaires have seen their wealth go up by $1.8 trillion. That is, everyone who was a billionaire before the pandemic began, the total accumulated wealth beyond the billions they already had has gone up by $1.8 trillion.”

That grotesque widening of income inequality offends most Americans, who consistently tell pollsters the rich should pay more.

GOP politicians and their wealthy donors see things differently. The first tax measure proposed by the MAGA House was to try to take back funding for the IRS to chase down tax cheats.

“The debate should focus on one accurate and alarming number: the IRS has 2,284 fewer skilled auditors to handle the sophisticated returns of wealthy taxpayers than it did in 1954,” Chuck Marr of the Center on Budget and Policy Priorities wrote. “The decade-long, House Republican-driven budget cuts have created dysfunction at the IRS, where relatively few millionaires are now audited.”

But allowing tax cheats to avoid paying what they legally owe is not the sum total of the GOP thinking on taxes. “As part of his deal to become House Speaker,” Semafor reported, “Kevin McCarthy reportedly promised his party’s conservative hardliners a vote on legislation that would scrap the entire American tax code and replace it with a jumbo-sized national sales tax.”

A mammoth 30% sales tax would be grossly regressive, socking it to the same working- and middle-class families Republicans ostensibly worry are paying more at the pump and grocery store because of inflation.

You know the idea is rotten when Grover Norquist, the head of Americans for Tax Reform, blasted the move. He told Semafor: “This is a political gift to Biden and the Democrats.” Even Norquist knows that because the poor and middle class spend a much higher percentage of their income on necessities such as food and clothing, the impact would be devastating.

Unsurprisingly Democrats leaped at the chance to blast the scheme. Sen. Elizabeth Warren (D-Mass.) tweeted:

Biden also hammered Republicans: “National sales tax, that’s a great idea. It would raise taxes on the middle class by taxing thousands of everyday items from groceries to gas, while cutting taxes for the wealthiest Americans.”

The GOP plan boils down to this: Let rich tax cheats get away with not paying what they owe while redoing the entire tax system so the overwhelming burden will fall on those less able to pay. Genius! Well, if you are a Democrat running in 2024.

The plan is unlikely even to get a vote. But it is indicative of the utter lack of seriousness that pervades the GOP. They throw out one boneheaded idea after another, hoping to please some segment of their base or donors, with nary a care in the world for the needs of their constituents nor for the actual challenges we face.

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not-safe-for-democracy · 2 years

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Republican members of Congress, including Elise Stefanik, all voted NO on the American Rescue Plan that many of them have taken credit for or promoted within their districts.

#republicans #elise stefanik #republican hypocrisy #american rescue plan

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follow-up-news · 7 months

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It's no exaggeration to say government money saved child care in the pandemic. As part of the 2021 American Rescue Plan, Congress approved a total of $39 billion for child care, an unprecedented level of spending aimed at ensuring essential workers could go to work. The majority — $24 billion — was directed toward stabilizing child care centers and home-based daycares, to guarantee they'd remain open and staffed. Colagrosso, who opened A Place to Grow 28 years ago, poured the money into wages and bonuses, repairs and a new HVAC system, playground equipment for what had been an empty field, and even a bus to take older kids to and from school and, in the summers, on field trips. Now that the September 30 deadline for spending the pandemic funds has passed, she and other child care providers are grappling with what they have to take back. "We're going to have to slow down payroll. We have to cut everywhere we can cut," Colagrosso says.

#american rescue plan #government spending #childcare

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randyite · 7 months

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#mcarthy #House #government shutdown #pelosi #speaker of the house #american rescue plan #inflation reduction act #infrastructure and jobs act #chips and science act #respect for marriage act #postal service reform #safer communities act #electoral count act #democrats #republicans #rethuglicans

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dontmean2bepoliticalbut · 1 year

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#us politics #2022 #2022 midterms #2022 elections #colorado #Colorado district 3 #gop #republicans #conservatives #congressional voting record #voting rights act #chips act #violence against women act #american rescue plan #rep. lauren boebert

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little-catholic-diva · 2 years

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One of the videos, conducted by J Mase III, a self-described "Black/Trans/queer poet" and the author of the book, "White Folks Be Trippin,'" includes a breathing exercise meant for "Black, Brown and Indigenous folks" who "still have to deal with White people’s bulls---." "So what I wanted to create for this video is some space for us to deal with our own healing, create our own protective barriers against White people’s bulls---, and just have a place for joy," Mase says in the video posted in 2020. "So take a deep breath in of your healing, take a deep breath out of White supremacist bulls---. Take a deep breath in of your ancestral wisdom, take a deep breath out of founding father f---boys."

We’re paying for this crap. FJB

#joe biden #biden administration #biden's america #american rescue plan #racists #disgusting #fjb

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personal-blog243 · 1 year

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To help the millions of families struggling to make ends meet, Democrats want to include the expanded Child Tax Credit in legislation they have to pass before the end of the year. More monthly checks of up to $300 a month per child would make a huge difference, but Republicans are standing in the way. Instead they want to jam through even MORE tax cuts to big corporations!

The 2021 expanded Child Tax Credit cut child poverty almost in half – the biggest decrease in history!! Then Republican politicians and West Virginia Senator Joe Manchin refused to extend the policy, so the monthly tax credit stopped coming in January 2022. And child poverty grew by 3.7 million children.

Now it’s time to bring back our Child Checks.

Let’s overwhelm our members of Congress with a clear message: families need help, not corporations. Send a quick email now to tell your representatives they must prioritize the expanded CTC, not more tax cuts for corporations!

#please sign and share #petition #petitions #please sign this petition #please share #please sign #child tax credit #american rescue plan #fuck republicans

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headlinehorizon · 7 months

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Headline Horizon: Child Care Crisis Looms as Federal Funding Expires

https://headlinehorizon.com/U.S./Education/669

Stay informed with the latest news on the impending child care crisis caused by the expiration of federal funding from President Biden's American Rescue Plan. Discover how this could impact millions of children and lead to the closure of thousands of child care programs.

#headline horizon #news #latest news #child care crisis #federal funding #American Rescue Plan

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rjmbaboonbooks · 10 months

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Daily Comic Journal: September 15, 2021: "These Health Insurance Payments Make Me Sick."

I was pleasantly surprised months ago when I realized my COBRA payments were covered. I was mailing in payments only to have them sent back, being told that they were covered. I have NO idea how long my inability to get a job will last (or, to be truthful, if I’ll ever get a job again. After all I am 60) but all the money I’ve saved over the last six, several months, should come in handy now that…

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#A Check #American Rescue Plan #Bills #COBRA #Health Insurance #Joe Biden #Mail #Mail Box #Unemployment Checks

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pasquines · 1 year

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#Federal Government #Puerto Rico #American Rescue Plan #Contextomy #Entrepreneurship #Small Businesses #State Small Business Credit Initiative #United States Department of the Treasury

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seriousbusinessforhumans · 1 year

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Sep 13, 2022

WASHINGTON — Poverty fell to a new low last year thanks to new federal spending passed in response to the coronavirus pandemic, according to new federal data released Tuesday. Extra unemployment benefits, stimulus checks and a monthly child allowance helped push the poverty rate to 7.8% in 2021, according to an annual Census Bureau poverty measure that accounts for tax benefits and stimulus payments. The rate had been 9.1% in 2020.

The monthly child benefit slashed child poverty to 5.2%. Both the overall and child poverty figures are the lowest on record, officials said. “Refundable tax credits, including the child tax credit, kept 9.6 million people out of poverty in 2021,” the Census Bureau’s Liana Fox told reporters on Tuesday.

Democrats included the various relief policies in a $1.9 trillion bill called the American Rescue Plan, which passed Congress on a party-line basis in March 2021. The bill represented Democrats’ vision of a more humane political economy that better supports parents and laid-off workers. The bill provided $1,400 stimulus checks to most Americans, added $300 to weekly unemployment benefits, and gave parents as much as $300 per minor child each month from July through December.

Republicans pilloried the Rescue Plan as too much spending on an economy that was already improving, and they have blamed it for the record price inflation that has tanked consumer sentiment this year. Economists have said that yes, the bill did contribute to inflation, though there’s an ongoing debate over how much prices would have risen anyway due to pandemic-related supply chain problems.

But Tuesday’s release from the Census Bureau showed that early estimates showing a sharp drop in child poverty were right. The supplemental poverty measure, which accounts for tax benefits, showed that child poverty declined from 9.7% in 2020 to 5.2% last year, the decline resulting almost entirely from the six rounds of monthly payments. “It is pretty stunning,” Indivar Dutta-Gupta, president of the Center for Law and Social Policy, said in an interview.

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But the lack of an income requirement ― the same thing that made the policy so effective at reducing child poverty ― proved an insurmountable political obstacle. Sen. Joe Manchin (D-W.Va.) refused to go along with a planned continuation of the payments last December, complaining to his colleagues that his constituents told him parents wasted the money on drugs.

#Biden's america #2021 #american rescue plan #child tax credit #taxes #poverty #american poverty #economics #american politics #covid 19

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jafili8pro · 1 year

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Elizabeth Warren On The Pivotal Congressional Election

Elizabeth Warren On The Pivotal Congressional Election. With leaders like Elizabeth Warren and our volunteerism strength, we staved off disaster to undeniably turn the pivotal Congressional election we just had all the way around. We have a lot to be proud of, with still the hope for a complete democratic sweep still there. The greatest factor, in fact, was the youth vote. Their participation…

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#American Rescue Plan #ballot ox #congressional election #dect #Democratic candidates #economy #Elizabeth Warren #keep the Senate #midterm election #President Joe Biden #unemployment #vote out republican #voters #Warren Democrats #working families

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kp777 · 2 years

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#NY-21 #elise stefanik #matt castelli #american rescue plan #republicans lie

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reportwire · 2 years

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How the Democrats Rallied

By now you’ve surely heard: Reports of the Democrats’ inevitable defeat this November (might) have been exaggerated. The party infamous for its disarray is suddenly passing legislation left and right (well, center), making a mockery of its effete opposition, and scoring huge abortion-rights victories in Republican strongholds. Inflation may have peaked, and President Joe Biden slayed a terrorist…

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