Showing posts with label Taxes 2025. Show all posts
Showing posts with label Taxes 2025. Show all posts
Wednesday, December 31, 2025

Ohio political strategist is essentially correct that Democrats need to rediscover the New Deal, but seems blissfully unaware that the implication would be a drastic tax cut for 98% of the American people

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  Democrats Need the New Deal, Not Socialism Brendan Frasier, The Hill   The word "tax" comes up only on...
Tuesday, December 30, 2025

New so-called conservative Tax Foundation analysis says Trump/GOP tax and spending bill heralded on the Fourth of July benefits the richest taxpayers over the poorest taxpayers by 4,435%

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   The One Big Beautiful Bill Cuts Taxes Across the US, New Analysis Finds ... At the county level, the largest average tax cuts are found i...
Thursday, December 25, 2025

Unbelievably rosy GDP report contained core pce inflation data at 2.9% countering previous rosy core cpi inflation report at 2.6% and indicating rising inflation

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 U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows   The U.S. economy grew at a much greater-than-e...
Sunday, December 21, 2025

Populist taxes to match Trump's populist rhetoric

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 The original personal exemption from the income tax was $3,000 in 1913. The equivalent of that in September 2025 is $97,440. For married fi...

Even Larry Kudlow recognizes that GDP hasn't been good since 1984

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... The last time real GDP hit 5 percent for the entire year was Ronald Reagan’s 1984, where the number was 5.6 percent for that whole yea...
Tuesday, December 16, 2025

Palmer Luckey and all his fellow billionaires have to be taxed punitively on their foreign investments and their ordinary income in order to reindustrialize America

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Make sure you tell him when he complains that he has to stop measuring such things in dollars.   Palmer Luckey: Reindustrializing The U.S. I...

This article in liberal VOX is a great defense of the metric called Gross Domestic Product

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 The only number that really matters  ... GDP tells you how much resource-generating capacity you have by looking at how much you are doing ...
Friday, December 12, 2025

Trump's FY2026 deficit through November is $457 billion but he thinks he has tariff revenue to play around with to bailout the farmers his own tariffs screwed

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The National Debt these deficits increase stands at $38.35 trillion. And people accuse Wall Street of short-term thinking.   
Sunday, November 30, 2025

Trump is a phony populist and his tax code continues to make chumps of Americans who work

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In 2026 a single filer making $97,000 in salary or wages will pay an effective tax rate of about 12.9%.   About 83% of the country earns no...
Friday, November 21, 2025

The national debt quietly plowed through the $38.2 trillion level on Tuesday, adding $2 trillion more in red ink in just 4.5 months after Trump's Big Ugly Bill became law

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Monday, November 17, 2025

The period is also marked by the phony utopianism of the libertarian Americanists who exalt the individual and deny that there are any limits

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 In their idealism they are little different than Zohran Mamdani.  ... The United States is undeniably the beacon of hope for the world bec...
Tuesday, November 11, 2025

So-called fiscal hawk Republican Jodey Arrington (TX-19) won't run in 2026, says Trump is committed to reversing the curse of public debt but doesn't know where the president is lol

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  Let me tell you where you are, Jodey.  Four months after you passed the Big Ugly Bill under reconciliation rules, rules which Mike Crapo i...
Thursday, October 23, 2025

National Debt hits $38 trillion

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 Nov 21, 2024: $36.034T July 4, 2025 ONE BIG UGLY BILL  Aug 11, 2025: $37.004 T Oct 21, 2025: $38.019 T    
Wednesday, October 22, 2025

One nutball era takes over where one left off: Trump's big ugly bill had no money in it to replenish the Strategic Oil Reserve gutted by Joe Biden, at a time when WTI is half the price it was in 2022

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 US seeks 1 million barrels of oil for Strategic Petroleum Reserve ... The previous administration of former President Joe Biden sold recor...
Saturday, October 18, 2025

The Uniparty: It will never not be funny how Trump insists that his tariffs are not new taxes same as Obama insisted fines for not having health insurance were not new taxes

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People are right to doubt government data when Trump's Treasury Department under Scott Bessent leads off with this chart crime of September 2025 federal outlays

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 You can access the Treasury's Monthly Treasury Statement here to see for yourself. The OUTLAYS BY FUNCTION for September 2025 in the F...
Sunday, September 28, 2025

Typical GOP wants to fight about spending . . . later

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  GOP leaders say Obamacare tax credit fight can wait until after government shutdown is averted
Saturday, September 27, 2025

The top 10% wealthiest Americans are 47% richer after five years, up $36.25 trillion

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Current U.S. Debt to the Penny is $37.46 trillion, he he. They say we could never pay it back.   
Friday, September 12, 2025

You know, at this point I'd settle for billions and billions coming in

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The fiscal year is rapidly coming to a close, and Trump has spent us $1.973 trillion deeper into the hole with one month left to go, compared with Biden's last year at $1.897 trillion through August

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  Meanwhile  ... ... [Charlie] Kirk, who had millions of social media followers, co-founded the non-profit Turning Point USA in 2012 as a ...