ChrisWeigant.com

Archive of Articles in the "Taxes" Category

Hang Tough, Bernie!

[ Posted Wednesday, October 27th, 2021 – 15:41 UTC ]

I don't know about any of the rest of you, but at this point I'm getting pretty sick and tired of reading the output of the rumor-mill each morning. Especially since most of the rumors seem to have come true, and each and every one of them involves yet another ambitious campaign promise made by Joe Biden which has now fallen by the wayside solely because Senators Kyrsten Sinema and Joe Manchin keep shifting their ideological demands about what agenda items are worthy for inclusion in what was supposed to be the flagship of Biden's entire domestic legacy. That flagship has shrunk from being a nuclear-powered aircraft carrier to now more resembling a medium-sized Coast Guard cutter. Don't get me wrong, a Coast Guard cutter is a fine ship and all, but it (obviously) can do far less than a flattop.

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The Tag-Teaming Gets Brutal

[ Posted Monday, October 25th, 2021 – 15:22 UTC ]

If Joe Biden only had one recalcitrant senator to deal with on his Build Back Better agenda, this wouldn't all be ending in so much disappointment. If it was just one of them (or even two who were united in their objections), then the horse-trading would have been a lot easier. As it stands though, the tag team of Senators Joe Manchin and Kyrsten Sinema are ripping so much out of Biden's overall plan that it is almost guaranteed to be disappointing to most of the Democratic voters who heard Biden campaigning for president. Some might be disappointed that tuition-free community college is not going to happen, while others will be disappointed that there will be no significant reduction in prescription drug prices. Still others will become disillusioned at all the cutbacks the Child Tax Credit seems to be undergoing. The number of issues where the reality of any deal is now going to fall far shorter than the promises means a whole bunch of single-issue (or even "major-issue") voters are going to feel let down. And that could be crucial for the Democratic Party's chances in the next few elections (including Biden's himself, if he chooses to run for re-election).

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Friday Talking Points -- Contemptible!

[ Posted Friday, October 22nd, 2021 – 16:49 UTC ]

This week, the House of Representatives declared that Steve Bannon was contemptible. Well, that's not strictly legally accurate -- they actually officially held him in contempt of Congress, but it's more fun to say it the other way. Because he so obviously is, of course.

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The Disappointing Endgame Approaches

[ Posted Thursday, October 21st, 2021 – 15:47 UTC ]

So we're now really down to: "Build Back Smaller." Once again, Democrats have taken what could have been monumentally historic change and watered it down to the point where many Democratic voters are going to actually wind up disappointed, even if a deal is struck and something passes Congress and is signed into law by President Joe Biden. Whatever passes will still be historic legislation, just as Obamacare was (and still is), but a lot of Democratic voters will inevitably be left with a strong sense of "what might have been."

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Friday Talking Points -- Ticking Away...

[ Posted Friday, October 15th, 2021 – 17:21 UTC ]

Today's article title is from the song "Time," by Pink Floyd. Here's the whole first verse, for the proper context:

Ticking away the moments that make up a dull day
Fritter and waste the hours in an offhand way
Kicking around on a piece of ground in your hometown
Waiting for someone or something to show you the way

This lyrical rock masterpiece sprang to mind this week as we watched the Democrats... um... not get much of anything done. It's as if they had all the time in the world -- which they most assuredly do not. Especially relevant is that line: "Kicking around on a piece of ground in your hometown," since Congress is once again on vacation all week long. Most people don't even get Columbus/Indigenous Peoples' Day off work, but for Congress it is yet another excuse to blow off an entire week. This isn't that long after they took a month and a half off, mind you. Outdoing the Senate (which just took this week off) was the House, which took an entire two weeks off -- for a minor federal holiday most people have to work on.

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From The Archives -- The Taxman Cometh

[ Posted Wednesday, October 13th, 2021 – 17:17 UTC ]

There will be no new column today because I have busy been doing my taxes rather than writing. I am (in general) lazy, and therefore usually get an automatic extension, which falls due on October 15th rather than April 15th. Since I've spent all day immersed in tax forms and numbers, I thought I'd revisit taking my rage out at Paul Ryan (and the rest of the usual suspects) for so royally screwing up the tax forms and entire income tax system.

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Friday Talking Points -- (Fiscal) Cliff Notes

[ Posted Friday, October 8th, 2021 – 16:56 UTC ]

The past two weeks were a prime example of why so many Americans are so disgusted and disillusioned with Washington politics. There were scary deadlines, meaningless drama, pointless partisanship, obstructionism, and ego-boosting all around. And at the end of the day, nothing really happened except we are all right back where we started from. What appeared to be a drama-filled few weeks of politics produced precisely zero result. Which is why so many citizens have just tuned out of the process entirely -- because it is usually frustratingly idiotic and nothing short of a massive waste of time.

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Getting The Media Beyond The Number

[ Posted Tuesday, October 5th, 2021 – 14:33 UTC ]

President Joe Biden and the rest of the Democratic Party have so far not had much notable success in getting their real message out on the "Build Back Better" budget reconciliation bill. This isn't entirely Biden's fault, of course, since a lot of the blame falls on the media as well. And the Democrats who truly want to see this historic legislation pass are also hamstrung by two realities -- the bill doesn't really exist yet, and the media has kept a singular focus on the overall amount of new spending the bill will contain.

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Why Is Everyone So Shocked That Biden Did Exactly What He Said He Was Going To Do?

[ Posted Monday, October 4th, 2021 – 16:21 UTC ]

Far too often, I find myself getting irate with the mainstream political press for being intentionally obtuse and refusing to remember what happened only a short time ago. This weekend was one of those times. The chattering classes on the Sunday political shows tried to frame what had just happened at the Capitol as some sort of plot twist -- some unforeseen development that was simply unprecedented and shocking. Nothing could be further from the truth, however. When President Joe Biden went to the Capitol and informed Democrats not only that he wanted to see the budget reconciliation bill pass but also that he would be willing to wait -- and that he didn't care that the infrastructure bill would be delayed -- you would have thought by the reaction that he had somehow changed his mind or "thrown his lot in with the progressives." This was the refrain I heard all Sunday morning, in fact. Biden had surprisingly sided with the progressives, when many people had expected him to join the moderates in their demand that the infrastructure bill be passed before any action was taken on the reconciliation bill. But this is narrative is completely false.

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Friday Talking Points -- Hurry Up And Wait

[ Posted Friday, October 1st, 2021 – 16:49 UTC ]

Reconciliation is a truly warm and forgiving word. It means coming back together after a period of being apart or at odds. Couples reconcile after time spent apart (for whatever reason). Friends achieve reconciliation by burying hatchets and shrugging off long-carried grudges. It means coming back together, no matter what the circumstances.

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