ChrisWeigant.com

Archive of Articles in the "Taxes" Category

Friday Talking Points -- Protect Social Security From Elon Musk!

[ Posted Friday, March 21st, 2025 – 17:59 UTC ]

President Elon Musk and his figurehead Donald Trump inched closer to a constitutional crisis (once again) last week. It still hasn't been fully resolved, so we've all got more of this to look forward to next week as well.

Trump invoked a law from the 1700s this week which would allow him personally to determine who gets deported. No due process, no hearing before a judge -- none of that. Just Trump deciding: "I don't like this guy, let's kick him out." The Alien Enemies Act is only supposed to apply when the United States is at war with another nation, and has only been used three times -- the most recent being the shameful internment of Japanese-Americans during World War II. But as far as Trump is concerned, it doesn't matter than we aren't at war, he just doesn't want to deal with the courts at all.

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A Quick Paddy's Day Note

[ Posted Monday, March 17th, 2025 – 16:40 UTC ]

Happy St. Patrick's Day to all!

First, let's just quickly check the weather report from the Emerald Isle, shall we?

(Heh.)

But surprisingly enough, the country that caught my eye this particular Paddy's Day wasn't Ye Ould Sod, but instead our neighbor to the north. And it wasn't the fine stout product from Sir Arthur Guinness that intrigued my beer-loving sensibilities this year, but instead... Moosehead?

That's right. Moosehead beer (lager, actually, if you want to be pedantic). From Canada.

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Friday Talking Points -- Trump Tanks The Market

[ Posted Friday, March 14th, 2025 – 18:12 UTC ]

As is now the new normal, there were so many things happening in the political world this week it is hard to keep track of them all. But what is currently in the center ring is the vote happening in the Senate on the continuing resolution to fund the government for the rest of this fiscal year.

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A Lose-Lose Situation For Senate Democrats

[ Posted Thursday, March 13th, 2025 – 15:38 UTC ]

Senate Democrats are currently trapped between a rock and a hard place. They face a lose-lose situation, so it's no wonder they haven't figured out a viable path forward yet. Anything they do, at this point, is going to disappoint the voters in their base in one way or another (which is really just the natural result of being in the minority in both houses of Congress and not holding the Oval Office).

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Friday Talking Points -- Tariff Whiplash

[ Posted Friday, March 7th, 2025 – 18:57 UTC ]

While the biggest political spectacle of the week was the president's big speech to Congress, the biggest political news of the week was actually the American economy reacting to Donald Trump's on-again-off-again, now-you-see-them-now-you-don't tariffs. The whiplash began at the start of the week and hasn't fully subsided yet. Taken together with all of Trump's other disruptive wrecking balls, economists are now starting to talk about the possibility of an upcoming "Trump recession."

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Trump Recession Ahead?

[ Posted Thursday, March 6th, 2025 – 16:49 UTC ]

Is America headed for a "Trump recession" already? Economists are starting to get worried. So are consumers. And the stock market has been in a deep dive ever since the tariff threat became real this week. So the possibility now exists -- we could be headed for an economic trainwreck. And if it happens, there will be a big difference from normal business-cycle recessions, because this time the reason why it happened will be pretty obvious to everyone.

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Responding To Trump's Speech

[ Posted Wednesday, March 5th, 2025 – 16:35 UTC ]

I have to begin this review with the mandatory bit of pedantry which is required every four years. Last night, President Donald Trump gave a speech to a joint session of Congress. However, it was not technically a "State Of The Union" speech, since tradition dictates you have to have been in office for a whole year before giving one of those.

Nitpickery aside, let's do a quick review of how things went last night, shall we?

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Democrats Prepare To Respond To Trump's Speech

[ Posted Tuesday, March 4th, 2025 – 16:21 UTC ]

It is time for Democrats to step up to the plate. President Donald Trump will address Congress and the nation tonight, and will doubtlessly boast about all the wonderful things he thinks he has been doing. In doing so, he will also doubtlessly lie about many of them in shameless fashion, since that's what he always does. But Democrats need to not get distracted and remain focused on one thing above all else. Call it a return to: "It's the economy, stupid."

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Get Ready For Prices To Go Up

[ Posted Monday, March 3rd, 2025 – 16:43 UTC ]

So is everyone ready to pay more for stuff? Because that certainly seems like what is next on the agenda for the American consumer. We'll be paying more for food in the grocery store, more for electronic goods, and a whole bunch more for cars, starting tomorrow.

Or maybe not. You never know what's going to happen, since American trade policy will now be decided on a whim. By a man who simply does not understand how world trade works. Isn't that a comforting thought?

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Friday Talking Points -- Ronald Reagan Would Be Ashamed

[ Posted Friday, February 28th, 2025 – 19:10 UTC ]

Remember when the Republican Party, as a whole, absolutely revered the memory of Ronald Reagan? It really wasn't that long ago. Their devotion was so pronounced that we even took to using the term "Saint Ronald of Reagan" whenever we wrote about Republicans lauding him to the skies, just to poke fun at their deification (or at the least, canonization or beatification) of a politician that, in our humble opinion, really didn't deserve such devotion.

Jumping forward to the present, each incoming president gets to choose how to decorate the White House, which includes the art on the walls of the Oval Office. We have to say it was somewhat of a surprise to learn that Donald Trump in his second presidency chose to hang a painting of Reagan on the wall overlooking the same desk Ronnie used to sit behind. We learned this fact from the following article, which (please note) was written before what just happened in the Oval Office today:

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