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Archive of Articles in the "Taxes" Category

Friday Talking Points -- Farewell, President Biden

[ Posted Friday, January 17th, 2025 – 18:59 UTC ]

And so we come to the final Friday Talking Points of President Joe Biden's term in office.

It is perhaps appropriate that the funeral of Jimmy Carter happened in the midst of Biden winding down his final weeks. Because Joe Biden -- another one-term Democratic president like Jimmy -- will likely become more appreciated as time goes by, just as Carter was.

Joe Biden had a pretty spectacular first two years in office, in terms of getting legislation passed. Granted, he had a Democratic Congress to work with and the continuing crisis of a pandemic to spur the politicians to actually act. He used both to get a sweeping agenda passed which will have an impact for years to come. But he had to grapple with two corporate-friendly Democrats in the Senate who held him back from achieving an even-more-historic agenda. If the full "Build Back Better" plan had made it past Joe Manchin and Kyrsten Sinema, then Americans would doubtlessly feel a lot differently (and better) about government's role in their economic lives.

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Biden's Bridge To Nowhere

[ Posted Thursday, January 16th, 2025 – 17:40 UTC ]

Watching President Joe Biden's farewell address from the Oval Office last night was rather bittersweet. For me at least, it all had a flavor of "what might have been." But in the end, Biden's promised bridge to a new generation of leadership really led nowhere.

While campaigning early in 2020, Biden appeared on a stage with three other prominent Democrats, who were at the time "expected to be considered for the vice presidential nomination" -- Kamala Harris, Cory Booker, and Gretchen Whitmer. Biden said during this campaign event: "Look, I view myself as a bridge, not as anything else. There's an entire generation of leaders you saw stand behind me. They are the future of this country." While Biden never actually did explicitly promise to serve only a single term as president, many read his comments to mean exactly that -- Biden would defeat Donald Trump, run a bridging presidency, and then step aside and make way for a younger generation of Democrats to carry the torch forward.

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Friday Talking Points -- 34-Time Felon Sentenced

[ Posted Friday, January 10th, 2025 – 18:08 UTC ]

In an extraordinary confluence of events, America mourned one former president as his body lay in state in the United States Capitol, while another former (and soon-to-be-again) president was sentenced after being found guilty of 34 felonies by a jury. Jimmy Carter had become almost the personification of decency in his post-presidential life, while Donald Trump has always been the personification of something a lot more tawdry.

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Trump's "Day One" Promises

[ Posted Tuesday, January 7th, 2025 – 17:38 UTC ]

Donald Trump's "Day One" in office is now less than two weeks away. He promised American voters a lot of action on his first day, but in the past few weeks he seems inordinately focused on some rather odd (one might say: "downright bizarre") goals. He has become a big fan of expanding America in what can only be called imperialistic fashion -- adding Canada, Greenland, and the Panama Canal to the American map. Today he floated a new idea, this one not a land-grab but instead of a sort of water-grab: he wants to rename the Gulf of Mexico the "Gulf of America," for no particular reason (other than to annoy Mexico, one assumes).

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Congress Gets Back To Work

[ Posted Monday, January 6th, 2025 – 17:19 UTC ]

Today was a pretty boring day in Washington -- which is as it should be. Congress met and certified the Electoral College votes in the ceremonial finish to last year's presidential election. There were no riots, no protests, and no insurrection attempt by a brigade of sore losers. The Capitol remained peaceful throughout. In fact, the whole thing was so boring that it's really not even worth writing a whole column about it.

Instead, let's focus on what the new Congress has on its plate. With two weeks to go before Donald Trump is sworn into office again, Republicans are already eager to get his second term rolling. The Senate will begin hearings on Trump's cabinet appointees, most of which will be pretty dull and perfunctory -- but a handful of them could get quite lively indeed. Especially considering the fact that Democrats will get to question each of them publicly about anything under the sun. They'll do so to score political points, but also in an effort to convince a few worried Republicans of the candidates' unfitness for office. Republicans hold a 53-47 majority in the Senate, so it will take four of them rejecting any nominee to tank their chances. But most of them will wind up sailing through the process, even if one or two do get derailed.

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My 2024 "McLaughlin Awards" [Part 2]

[ Posted Friday, December 20th, 2024 – 19:06 UTC ]

Welcome back to the second of our year-end awards columns! And if you missed it last Friday, go check out [Part 1] as well.

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My 2024 "McLaughlin Awards" [Part 1]

[ Posted Friday, December 13th, 2024 – 18:34 UTC ]

Everybody ready? Here is the first installment of our year-end awards, with our obligatory nod to The McLaughlin Group television show for coming up with these categories.

As always, it's a marathon. It's really, really long. Don't say you weren't warned! And since it is so long, that's all the introduction we're going to bother with.

Ready?... everyone buckle up... here we go....

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Friday Talking Points -- Closing The Gaetz

[ Posted Friday, November 22nd, 2024 – 18:46 UTC ]

Well, that was quick. As many have amusingly pointed out, the nomination of Matt Gaetz to be Donald Trump's attorney general didn't even last a full Scaramucci. Eight days, from beginning to end, was all it took. It's more than he deserved, really.

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Friday Talking Points -- The Clown Parade Continues

[ Posted Friday, November 15th, 2024 – 17:58 UTC ]

The circus has come to town, and performing in the center ring this week was the teeny-tiny clown car which disgorged a continuing parade of clowns, each more outlandish than the last.

Or, to put things another way: get ready for lots more circus/clown metaphors in the very near future. It's really the only possible way to describe Donald Trump selecting his cabinet. But we'll get to the individual clowns in a moment, because first we've got to take a broader view of what Trump's up to here.

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Democrats Already Have A Good Economic Populist Agenda

[ Posted Thursday, November 14th, 2024 – 17:07 UTC ]

I have to say, the temptation to join the chorus of both laughter and horror over Donald Trump's cabinet picks is pretty tempting today, but I think I'll save my comments on that clown parade for tomorrow. Instead, I'm going to continue looking forward today, to extend my thoughts on the Democratic Party and what it should do moving forward. The last two days I devoted to possible presidential candidates in 2028, but today I'm going to concentrate on what Democrats should be emphasizing during both the 2026 (midterm) and 2028 campaigns.

Looking that far into the future in politics is impossible, I do realize that. A lot of any Democratic campaign is going to be commentary on what Trump has done as president, that much seems pretty certain. What I'm going to lay out is a very pro-family economic platform for Democrats to embrace next time around, which would compliment whatever Democrats are saying about Trump and the Republicans running Washington.

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