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Archive of Articles in the "Taxes" Category

Friday Talking Points -- Republicans' Descent Into Dangerous Madness Continues Apace

[ Posted Friday, November 12th, 2021 – 18:00 UTC ]

This was a rather strange week in Washington politics because the biggest story actually happened almost an entire week ago. The lack of big news since then isn't really all that surprising, though, considering Congress is (once again) off for a week -- meaning little-to-no news from Capitol Hill. But before they scarpered [...]

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Waiting For The C.B.O.

[ Posted Thursday, November 11th, 2021 – 16:50 UTC ]

[With apologies to Samuel Beckett, of course...] We all now seem to be waiting for the C.B.O. Or perhaps this is just another chapter in our long and drawn out struggle with Senator Manchin of West Virginia... in other words: more waiting for Joe. Whatever you want to call it, so far it definitely belongs in the category of "tragicomedy."

Not-so-amusing literary wordplay aside, however, we seem to be in an interim period here. Let's try a sports metaphor instead: It's halftime in Joe Biden's legislative football game. Right at the end of the first half, the Democrats put a big score on the board by passing the bipartisan infrastructure bill and sending it to Biden's desk for his signature.

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The Current False Biden Narrative Making The Rounds

[ Posted Monday, November 8th, 2021 – 16:54 UTC ]

Republicans have never been particularly scrupulous about the fantastical political narratives they adapt in order to bamboozle the voters -- and that was even before the champion and master of lies came along and hijacked their party. Donald Trump may have driven the GOP to Crazytown, but it wasn't that far of a journey for them to take (to put this another way). Now conservatives in the media are attempting to do this again, and it really deserves some pushback.

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Friday Talking Points -- A Very Bad Week For Democrats

[ Posted Friday, November 5th, 2021 – 16:50 UTC ]

You'll have to excuse us, but even with all the other political shocks this week, the one that shocked us the most was reading that Congress is going to take the next week off. For Veterans' Day. No, seriously. It's not like they have any pressing business or anything, right? They probably need the whole week to lie back and relax and rest up -- so they'll be in real good shape for the extended Thanksgiving Day break, later this month.

Sorry, too snarky? You'll have to forgive us, but please everyone let's remember this moment when all the politicians whine on television, a few weeks hence: "But there's just no time to get everything done! We've got all these deadlines staring us in the face! Waaah! Poor us!" Please, let's all remember at that point that they all thought they deserved an entire week off at the beginning of November. For Veterans' Day -- a holiday that most workers don't even get a single day off for.

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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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