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Archive of Articles in the "Taxes" Category

The GOP's Big 180

[ Posted Thursday, February 9th, 2023 – 16:23 UTC ]

It is always amusing when the Republican Party is forced to perform a whiplash-inducing 180-degree turn on an issue that they've solidly been on the other side of for a very long time. The previous notable instance of this was likely during their whole "repeal and replace Obamacare" fiasco, when they suddenly realized en masse that one of the most popular things about the Patient Protection and Affordable Care Act was the protection of people with pre-existing conditions who had previously been categorically denied even the chance to purchase health insurance. All of a sudden, Republicans started swearing up and down that they would also protect people with pre-existing conditions -- usually without a hint of how they were going to accomplish this fact. But they all started singing from Obamacare's playbook and praising it to the skies as a good thing (where previously they had tried to convince everyone that everything in Obamacare was bad and downright evil). In Tuesday's State Of The Union speech, President Joe Biden forced another major ideological U-turn of this magnitude upon the GOP, ironically aligning himself (!) with Donald Trump in the process. That's got a certain "through the looking glass" quality to it, you have to admit.

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Biden: Let's Finish The Job

[ Posted Wednesday, February 8th, 2023 – 16:30 UTC ]

Last night, President Biden gave (depending on how you look at it) a rousing State Of The Union speech or perhaps the first speech of his re-election campaign. Throughout it all, by my count, he uttered the phrase "Let's finish the job" a whopping 10 times (at the very least... I know I must have missed a few...). That sounds an awful lot like a new campaign slogan to me....

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Friday Talking Points -- Biden Gets Good News Heading Into The SOTU

[ Posted Friday, February 3rd, 2023 – 18:24 UTC ]

Next Tuesday night, President Joe Biden will deliver his State Of The Union speech to a joint session of Congress. Today, he got some good news he will without doubt be touting in this speech -- the unemployment rate is not just low, not just "lower than it ever hit under Donald Trump," but historically low. The last time the unemployment rate was a mere 3.4 percent was in 1969, before we sent any men to the moon. If it falls any further, we'll have to go back to 1953 to find a similar number. So we certainly expect this to be prominently featured next Tuesday night.

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The Republican Bait-And-Switch

[ Posted Monday, January 30th, 2023 – 16:47 UTC ]

Remember the midterm election campaign last year? Remember what Republicans ran on? Apparently they're counting on everyone just conveniently forgetting, and pulling their usual "bait and switch" trick by loudly proclaiming they have a sweeping "mandate" on all sorts of stuff they barely (if ever) mentioned while running for office while largely ignoring the things they did actually run on. With the House of Representatives in Republican hands now, we will all get to see their real agenda, as opposed to the agenda they sold to the voters last year. The open question is what the public will think of it all.

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Friday Talking Points -- Republicans Show Their True Colors

[ Posted Friday, January 27th, 2023 – 17:58 UTC ]

President Joe Biden gave a speech this week on the state of the American economy. On his watch, the economy has greatly improved as we all dug ourselves out of the pandemic recession together. So Biden deserves a victory lap. He also used the speech to draw a stark comparison between Democrats responsibly steering the economy and Republicans who apparently are salivating at the prospect of blowing it all up.

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Republicans Are Their Own Worst Enemy

[ Posted Wednesday, January 25th, 2023 – 16:32 UTC ]

The big fight shaping up in the new Congress is going to be over the debt ceiling, the news media tells us. Republicans are on one of their traditional "there's a Democrat in the White House, so we must now slash spending to the bone" quests, and so they're going to try to use the debt ceiling as leverage to force concessions from President Joe Biden and the Democratic Senate. But the big question, after you get past all the fulminating rhetoric, remains: What concessions? What are they even fighting for? And the answer, to me, lies in the past. Remember the big push to "repeal and replace" Obamacare? That's what seems almost certain to happen this time around, too.

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Friday Talking Points -- Biden's First Two Years

[ Posted Friday, January 20th, 2023 – 18:27 UTC ]

Two years ago today, Joseph Robinette Biden Junior was sworn in as the nation's 46th president. So how is he doing at his job? His approval rating in public opinion polls has generally improved since the midterm elections, hitting numbers he hasn't seen in a year. But those numbers are still south of 45 percent (on average), which is fairly common for a first-term president but certainly nothing to brag about.

Biden has had some notable successes as president, and some notable rocky patches as well. He entered office as the COVID-19 vaccines were becoming widely and freely available, and things seemed rosy on this front for his first year, only to get a lot grimmer as the Omicron strain hit much harder than any of the previous variants of the virus. All of a sudden we weren't done with COVID-19 and life didn't return to normal as expected. But since then, the virus has become almost an afterthought and didn't matter much to voters in the midterms (even though it had been predicted that it would be a major issue).

Biden's legislative accomplishments are more impressive than any president since Lyndon B. Johnson. True, Biden did have a Democratic Senate and House to work with, but both of those had historically-slender majorities -- L.B.J., for instance, had as many as 68 Democratic senators to work with. Biden only had 50 -- including two who loved the media spotlight so much they didn't care if they torpedoed Biden's agenda in major ways. Biden also managed to pass some major bills with bipartisan support, which is almost miraculous, these days.

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Friday Talking Points -- Joe's Garage

[ Posted Friday, January 13th, 2023 – 17:43 UTC ]

With apologies to Frank Zappa, this week's big political story might be summed up as coming from "Joe's garage." But we'll get to all of that in a moment, down in the awards section (it shouldn't be any mystery which one he's going to get). First, though, let's take a look at the other momentous things that happened during the past week.

This column, of course, measures weeks from Friday afternoon to Friday afternoon. As we were writing last week, the House of Representatives was still deadlocked over who would become the next speaker. This continued far into the night, until Kevin McCarthy finally emerged victorious. Weakened, bloodied, diminished... but finally victorious.

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My 2022 "McLaughlin Awards" [Part 2]

[ Posted Friday, December 23rd, 2022 – 19:51 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.

As always, this is long. Horrendously long. Insanely long. It takes a lot of stamina to read all the way to the end. You have been duly warned! But because it is so long, we certainly don't want to add any more here at the start, so let's just dive in, shall we?

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Trump's Taxes To Be Released

[ Posted Tuesday, December 20th, 2022 – 18:06 UTC ]

As I write this, the news is just coming in from the House Ways and Means Committee -- Donald Trump's tax returns will be sent to the full House, meaning they will become public record.

I've been waiting all day to hear the outcome, and reading arguments both for and against this release in the media. And I have to say, the arguments for keeping Trump's tax returns private don't seem very convincing.

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