With much fanfare, the Republican tax plan was unveiled today. This is an incredibly complex piece of legislation, so it's going to take more than one column to adequately examine what all their proposed changes will mean to American taxpayers. On many of these details, the GOP kept their cards pretty close to their vest until today, meaning this is the first chance everyone's got to figure out how each of these proposed changes will impact them personally. One idea which emerged a few days before the proposal was formally unveiled is to shrink Schedule A to "the size of a postcard." Schedule A is where taxpayers figure their itemized deductions, so it encompasses a lot of the other GOP proposals as well. But today, I'm going to focus on two in particular, because they provide some of the strongest arguments for Democrats and progressives to use in opposing this plan.

Read Complete Article »

Today we were all supposed to see the unveiling of the Republicans' tax plan, complete with facts and figures, drafted as a bill Congress could pass. This has not happened yet, because they can't agree among themselves over the details and are even now radically changing their own plan to assuage their own membership. We might see their tax plan tomorrow, but then again maybe we won't. There are many aspects of the GOP's tax plan that are broadly known so far, and others which are vague and ill-defined. The latter is what everyone's waiting to see, because drafting an actual bill means putting figures on paper rather than just creating political talking points -- which is so far all Republicans have done on many aspects of their plan. But they did put numbers to one radical change to the income tax law already, so their proposal to almost double the standard deduction while eliminating personal exemptions can already be subject to a deep and wonky dive into the numbers.

Read Complete Article »

There's an easy test to see whether Republicans in Congress care about financial deficits: Is there a Democrat in the White House? If so, then deficits are so important that the situation requires threats of government shutdowns and defaulting on the national debt to fight deficit spending. However, if there's a Republican in the White House, then (as Dick Cheney so eloquently put it) "deficits don't matter." This was on full hypocritical display once again this week, as congressional Republicans voted to blow a $1.5 trillion hole in the national debt, so that the wealthy and big corporations can enjoy massive tax cuts.

Read Complete Article »

Republicans are playing a game of peek-a-boo on their tax plan. They don't want to release the full details, because they know full well this will leave them open to attack from both the left ("Not one penny more for the One Percent!") and from the right ("Why are we blowing up the deficit, now that we're in charge?"). But the congressional Republicans who are in charge of drafting the tax bills do still need to gauge support for various proposals, so they are currently engaged in selective leaking in order to run these ideas up the old political flagpole, to see if they are salutable or not (so to speak) among their members. The latest of these is to sharply reduce the amount of tax-free income that can be socked away in a 401(k) retirement plan. President Donald Trump initially pushed back hard against this idea, but today indicated that he might just be open to negotiation on the issue. Which begs a much larger question: Will Trump actually go to the mat fighting for any particular tax issue? Or will Republicans just flat-out ignore the White House, knowing full well Trump is so desperate to sign a major piece of legislation that he'll agree to pretty much anything they come up with?

Read Complete Article »

Call it the refusal of "trickle-down economics" to die. Ever since Ronald Reagan introduced the idea, Republicans have clung to a very mistaken concept -- that tax cuts always pay for themselves. Though proven false again and again, this is the fallback Republican position when trying to hoodwink the American public into massive tax cuts for those at the tippy-top of the income scale. "Don't worry," the GOP tells the public, "these tax cuts will generate so much new growth that they will pay for themselves!" As always, the reality turns out to fall far short of this lofty goal.

Read Complete Article »

Call this the week when White House Chief of Staff John Kelly lost all remaining shreds of credibility. Kelly, as we all know, was supposed to bring the adult supervision to the White House that would magically transform Donald Trump into a serious president. A retired Marine Corps general was going to whip the White House into shape, and clear sailing ahead would thus quickly ensue.

Read Complete Article »

On Harry Truman's desk famously sat a sign which proudly proclaimed: "The Buck Stops Here." If Donald Trump had such an item, it might read: "Buck-Passer In Chief." His governing style (if it can even be dignified as such) is to cause a crisis on his own, and then dump the entire problem on Congress to deal with. Because we all know what masterful problem-solvers the Republican-led Congress are, or something. This could lead to utter disaster on many fronts, within the next few months.

Read Complete Article »

Amidst all the continuing distractions emanating from the White House these days (I.Q. tests, the N.F.L., World War III, etc.), something interesting and unprecedented has happened in the past few weeks. The Trump administration has begun actual negotiations with Congress, on two contentious issues. It's rather astonishing when you think about it, but this is actually the first time such a thing has happened since Trump took office.

Read Complete Article »

Yesterday, I laid out the reasons why I was disappointed to hear that Dianne Feinstein would be seeking re-election. Since then, I've seen a few other articles also expressing dismay over the news. So I thought it'd be worthwhile to take a look at how I've judged Feinstein over the years. While thinking about yesterday's column, I dug into my own archives to see what Feinstein's score had added up to. I did this by combing the "Friday Talking Points" all-time awards list, to see where she stood. Her current tally is seven Most Impressive Democrat Of The Week awards, and fifteen Most Disappointing Democrat Of The Week awards. That's worse than 2-to-1 against, obviously. I did not take into consideration any "Honorable Mention" or "(Dis-)Honorable Mention" awards, because I do not keep statistics for the minor awards.

Read Complete Article »

It's getting kind of hard to understand why Rex Tillerson is still secretary of state. He just had an extremely rough week, and that's even without counting the breaking news that he had previously called President Trump not just a "moron" but a "fucking moron." It's easy to get distracted by such salacious news (especially when Tillerson pointedly refused to deny the "moron" part of it), but even before that juicy leak, Tillerson was roundly being ridiculed for, once again, how his boss snarkily contradicted and belittled him on Twitter. Last weekend, Trump destroyed Tillerson's efforts to bring North Korea to the diplomatic table, tweeting that Tillerson was "wasting his time."

Read Complete Article »