They're coming for YOU.
The IRS spent $13.7 billion last year.
The Manchin bill gives the IRS an additional $79.6 billion over ten years:
. . . it will take time to phase in the added IRS funding . . .
CNBC says you WANTED this:
More than two-thirds of registered voters support boosting the IRS budget . . .
LOL, are YOU ever going to get it, good and hard.
Trump raising taxes on rich coastal elites and Democrats never doing anything about it after running on a promise to do so will never not be funny.
House Dems Drop SALT Pledges To Back Manchin Bill
Democrats and Republicans have forcefully disputed whether the Inflation Reduction Act would raise taxes on middle-class households making less than $400,000, which would violate a core Biden pledge. The non-partisan Joint Committee on Taxation, found that the measure would raise $16.7 billion on taxpayers making less than $200,000 in 2023.
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| Josh Gottheimer NJ-5 |
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| Mikie Sherrill NJ-11 |
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| Tom Suozzi NY-3 |
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| Katie Porter CA-45 |
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| Mike Levin CA |
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| Tom Malinowski NJ-7 |
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| Josh Harder CA-10 |
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| Julia Brownley CA-26 |
Total cases monthly in 2022:
Jan 20.3 million
Feb 3.95m
Mar 1.07m
Apr 1.25m
May 2.89m
Jun 3.33m
Jul 3.65m.
We averaged 1.68 million cases monthly in 2020 and 2.88 million monthly in 2021.
Monthly cases in 2022 through July now average 5.20 million, down from 5.46 million last month.
Because of home tests and generally milder cases both going unreported, the case data is not very predictive.
The encouraging news is in the deaths per day data, which shows that the pandemic is clearly less severe in the United States two months in a row. Both June and July deaths were low enough to make 2022 as a whole look better than either 2020 or 2021 in each of them.
Deaths per day are still approximately 10x higher, however, through July, and 4x higher in July, than for the average annual rate for influenza.
July 2022: 383
June 2022: 363
May 2022: 373
Apr 2022: 426
Mar 2022: 980
Feb 2022: 2,247
Jan 2022: 1,987
Deaths per day overall, however, are still down in 2022 compared with both 2021 and 2020 after hitting 1,050 per day at the end of June:
2020: 1,131
2021: 1,310
2022 through 7/31: 953
When you try to say something profound and end up proving only that you are a nitwit:
Schumer says Sinema left ‘no choice’ but to cut carried interest from key bill
Ann Coulter's going to be furious.
Full time usually peaks in the summer.
The average year to date through July is 50.06%.
Rand Paul votes Present!
Hawley had a perfect chance to vote for global thermonuclear war, and missed it!
Cheney Downloads on Trump in Campaign Ad for Daughter...
'Never been an individual who is greater threat to our republic'...
Video...
Way to go, Brownie.
Time to run for president!
In Germany last year, in part because of low winds and the already rising price of natural gas, hard coal and lignite accounted for 28 percent of electricity production.
Seems like an awful long time to be without wind but still depend on it.
More.
. . . in full daylight on a calm sea within sight of land . . . two normally operated vessels steamed blithely to a point of impact as though mesmerized.
The waste of running a lame duck AGAIN just never occurs to the man.
Here.
But with Fed Chair Jerome H. Powell moving aggressively . . .
Here.
The $90 trillion millstone: We did it to ourselves.
We are now in the future we tapped in the past for the prosperity of "debt draws forward prosperity", and there's little here to be found.
From 1946 to 2008 when we hit the debt growth iceberg, real GDP grew at a compound annual rate of 3.324%. Since then it has fallen 49%, to 1.68%.
We should have stayed with capitalism in the post-war, where one risks actual savings instead of future notional tax, income, and fiat money "revenues". But capitalism went out the window a long time ago, bringing with it the end of the gold standard, the creation of the Fed, and the introduction of the income tax, among other horribles.
Payback is a bitch, and what can't be paid back won't. The rest comes out of your hide.
However, some groups more strongly condemned the support for fossil fuel projects in the agreement, specifically provisions that would mandate new oil and gas leasing in the Gulf of Mexico and Alaska. Manchin, who comes from the coal-rich West Virginia, has argued that drilling in these areas is neccesary for the country’s energy independence.
More.
Let's hope Blue Dog Joe is made of stronger stuff than Bart Stupak and stands firm on the fossil fuel provisions. Stupak famously flamed out in 2010 when he helped pass Obamacare under reconciliation even though it omitted Hyde Amendment provisions prohibiting federal funding of abortion which he had insisted he supported and had to be in the bill.
Recent US GDP: Nominal / Real
4Q2021: $24.0028 trillion / $19.8063 trillion
1Q2022: $24.3867 trillion / $19.7279 trillion
2Q2022: $24.8518 trillion / $19.6817 trillion (first estimate)
BEA, here, Table 3, Line 1.
Everybody's focusing on the short term decline in real GDP this year, as usual, ignoring the much worse big picture.
From 2Q1999 through 2Q2022 the compound annual growth rate comes in at a measly 1.98%, 43.9% off the previous 70-year performance.
That's the real story about real GDP. We are living in much diminished circumstances since 1999.
And nobody knows how to fix it.
The stock market is liking Fed rate hikes this year, unlike in the past
Arbitrage.
This year's drinking word.
DFF: 1.58%.
CPIAUCNS: 9.1%.
Hey, watch me borrow cheap, buy a trailer park, and raise the rents and fees on little old ladies on Social Security.
We're goin' to Vegas, baby!
The plight of residents at Ridgeview is playing out nationwide as institutional investors, led by private equity firms and real estate investment trusts and sometimes funded by pension funds, swoop in to buy mobile home parks. Critics contend mortgage giants Fannie Mae and Freddie Mac are fueling the problem by backing a growing number of investor loans. ...
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities. Many aggressively promote the parks as ensuring a steady return — by repeatedly raising rent. ...
George McCarthy, president and CEO of the Lincoln Institute of Land Policy, said about a fifth of mobile home parks, or around 800,000, have been purchased in the past eight years by institutional investors.
He was among those singling out Fannie Mae and Freddie Mac for guaranteeing the loans as part of a what the lending giants bill as expanding affordable housing. Since 2014, the Lincoln Institute estimates Freddie Mac alone provided $9.6 billion in financing for the purchase of more than 950 communities across 44 states. ...
Soon after investors started buying up parks in 2015, the complaints of double-digit rent increases followed.
More.
HAPPY ENDING noun phrase: a) archaic, now little used, description for the conclusion of a story where all's well that ends well, which of course is never the case; b) the fortune in the cookie which always comes with your Chinese takeout and is always made better by supplying the words "in bed" at the end; c) male sexual orgasm coming at the end of a session at a massage parlor, especially if there's no extra charge; d) description emphasizing the Schadenfreude you felt when you saw Max in Mad Max 2 permanently reunite Wez with his lover Lord Humungus in the final crash scene.
I kid you not!
If this guy wins in the Michigan Kent County Republican 21st Commissioner District race on Aug 2, I might just check in to a mental institution myself and ask Alan Bolter for help!
I believe the greatest challenge we face is unifying the citizens of both the Republican and Democratic parties. ... It is time for Democrats to wake up and cross over to the Republican Party!
-- Walter Bujak
Seen here:
If there is a bigger nincompoop running for office this year, I don't know it.
Seen here:
He reminds me of the ding dongs who signed Mark Dice's inflation petition back in 2009:
Axios reports, in laborious detail, here.
The grifters are lining up from sea to shining sea, including Demented Jim, and Trump retreads Stephen Miller, Mark Meadows, and Michael Rigas who didn't get it right the first time.
Who the hell wants to go to work for just four years for a lame duck?
These people think we are fools.
