A Disaster Named Victory- Trump Sacrifices Economy for Ratings Boost.

A dark cloud on the American horizon
Donald Trump has always gone around saying that he understands the tax code better than any man alive. If true, such a fact suggests to the layman that an ant could do your taxes, if only it could hold a pencil. Actually, however, it is a fundamental truth of American life that the process is very confusing. Litigator Andrew Grossman recently wrote an article, titled Is The Tax Code Really 70,000 Pages Long? 
This is why the approval ratings for Trump and the GOP have recently taken an upward bounce. Although they have wrought a disaster in the form of their new tax plan, they hailed it as a victory. And most red voters have no idea at all why this is wrong.
Paul Ryan tweeted out the following- and promptly deleted it.
“A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up $1.50 a week- said that would more than cover the cost of her COSTCO membership next year!”
One doesn’t know whether to laugh or cry.
Is this something to worry about? Yes, it’s scary. Anytime anything good happens for those jackals, it’s scary. But it was easy to predict they would get a bounce off this before it starts to hurt people. The negatives will start hitting home pretty soon. And when they do, we have to catch it and make sure that we give credit where it’s due. 
The bill is a disaster in every way. Fareed Zakaria called it “possibly the worst piece of major legislation in a generation
But even still, they did manage to pass something through a legislature, for the first time in Trump’s entire disaster of a presidency. For that reason alone, this looks like a victory for the GOP on the surface. Unless people can be shown how bad this will cost them, we will not have what we need to get that giant mammal out of the White House.
Remember when Bush got reelected in 2004? He was all smiles and sweetness before the election. Within another year, though, he showed his true intent. The first thing that happened was we had the gas price crisis smash home, safely after he’d have 4 more years to do all the harm he could.
Then, those who’d voted for him were miserable. Lamentations could be heard at every gas station in America. Unkind fate, that gives us what we pay for!
If we wish to avoid a repeat of those horrible years, a number of things are necessary, but certainly among them, developing a working understanding of what state tax dollars do and where they go is critical.
States help educate the nation’s children, build and repair its roads and bridges, provide health coverage to low-income families and their children, and much more.  Many of these services are essential to building strong, healthy communities and the nation’s long-term economic vitality.
Although the exact amount varies greatly from state to state, federal tax money is distributed to all the states and is a sizeable chunk of its revenue, the revenue allotted to the maintenance of these crucial infrastructural expenses.
Thus, less federal revenue means less money for the states. Less money for the states means less money for local areas, which means local and state tax and cost increases.
This is how local and state and cost increases in education and healthcare give such a severe beating to middle income.
Gigantic federal top income tax cuts lead to regular folks getting slammed with state and local increases.
All of this is the pits for anyone who isn’t a billionaire, of course, but the conservative media machine rolled right into effect to make it seem otherwise. The trick is both disingenuous and brutal. 
They cut one part of your taxes, the federal, and make it personal by boasting about it on television. They then take a substantially larger piece of your income from you as state and local taxes, but they make it abstract. They do all they can to keep the two from being related in the minds of the people. 
During Obama’s tenure in office, the data demonstrated clearly that the U.S. individual income tax was very progressive, borne mainly by the highest income earners. In 2014, the top 1 percent paid a greater share of individual income taxes than the bottom 90 percent combined.
Reversing that state of affairs is the reason that Trump was put in power.
Poor people and seniors will get slammed terribly and subjected to varying indignities from those who believe one must earn the right to live. Medicaid is always first on the chopping block; in fact, just last month, the Trump administration announced that it would grant states the right to impose work requirements for Medicaid recipients.
Local and state governments will raise cash by setting more regulations. More fines, more fees, raised vehicle registration, increased water bills. etc.
An expert in the field wrote Millennial Democrats with the following observation.
“Every penny, dime, and dollar that top income gets a tax cut for, low and middle income gets backdoor increases to pay for it.”
The people will get hit from both ends, and then be told that this is because Democrats want to raise their taxes and give the money to Muslims. Middle America gets badly burned, to the sound of the Trump voter cheering for it. 
Low and middle income will get hit with a few hundred or a few thousand cost increases. City officials will literally sit around, thinking up rules for us to break. Whatever minute tax cut we’ll get will be consumed by that. Only the 1% will benefit. 
Before the GOP started in with this crap about the big top income tax cuts, local and state taxes for people of average income was about $800 a year. The average now is around 6 thousand a year per person.
One of the first thing states do is cut funding for college tuition, forcing colleges to hike tuition fees. This is the reason college tuition is so high. Before big Republican tax cuts in the 80’s, college tuition was very low. Millennials, ask yourselves- How many of us can’t even have a bank account now, thanks to lifelong student loan debt?
Another good example is water bills. Water bills used to be very low. But this also is among the first thing cities do when they get less funding due to less federal revenue, and therefore less state revenue. They hike water bills.
It has to be understood that federal revenue is distributed to the states and that state and local depend more on that than they do local and state taxes.
The GOP tax cuts are a massive fraud. They are a titanic transfer of more taxes and costs that average Americans, even upper-middle-income Americans, cannot afford to pay without greatly reducing their living standards. All so guys like Donald Trump and the Koch brothers can strut around like satraps.
Hillary Clinton was the only candidate that ran with a plan to protect average Americans if the market tanked from huge losses. She bothered to take the time about developing one because she realized that the market is a gamble.
If it should take a dive at a time when millions are having to retire, due to health and other issues, they get slammed. Social Security is guaranteed, but this already does not provide enough for most low and middle-income seniors, and the Republicans want to reduce benefits even more.
Republicans are also constantly trying to whack Medicaid. That program, along with Medicare, crucially supplements low-income seniors. This is not going to work. We are going to have a nation full of seniors in dire straits as soon as they can no longer work. Again- Millennials, this will be our parents and ourselves.
The Tax Cuts and Jobs Act, far from being a victory, will be a very serious crisis for America in a decade or two. We will be fleeced little by little from a million different angles. We need to raise awareness of how this breaks down. Getting people to understand how bad they are going to be hurt before they feel it is an indispensable condition for #TheBlueWave.
We simply cannot keep giving top income tax cuts at the expense of low and middle income. The middle class is the backbone of society. If it breaks, we cannot stand up.
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Obama Policies Boost Economy, Trump Claims Credit.

Trump is boasting unjustly

On Wednesday, U.S. government experts had something good to say, for a change.

Our economy has expanded at a 3.3 percent annual rate in the third quarter. We have performed beyond expectation slightly, three-tenths of a percent faster than their first estimate.

The economic recovery since the 2007-2009 recession is now in its eighth year and showing little signs of slowing down.

The recovery is primarily being powered by a tightening labour market. This has allowed for the maintenance of the strong performance that started during former President Barack Obama’s first term.

The growth rate we are seeing now is in line with the nation’s recovery and with President Obama’s targeted goal. However, unlike President Obama, Trump doesn’t understand that this will fluctuate. Economists generally see such a pace as unsustainable and expect growth to slow sometime in 2018. Trump sees it as proof that he’s making everything great, all the while plotting happily to destroy it.

The Senate Budget Committee advanced its bill Tuesday, sending it to the full chamber for a vote later this week.

Weighing in in favour of the bill was Jan Hatzius, chief economist at Goldman Sachs.  Unsurprisingly, he thinks the new tax plan is a great idea. Make your voices heard any way you can think up, folks.

The administration’s remaining supporters gesture limply toward stock market returns. But the stock market is not the only measure of the economy, nor even a particularly reliable one.
If the market’s history teaches us anything, it is that markets go up and down. A market disaster may wait just over the horizon. Trump has promised to blame the judicial branch if we experience another terrorist attack. One wonders where he’ll find a scapegoat when stock markets fall, the real estate market slows, or inflation takes off? What sort of a goat could even do all that anyway?
Temporary deficit spending can sometimes help the economy. Economist Paul Krugman cites the 2008 financial crisis as an example when unemployment was very high.
The Federal Reserve—normally our first line of defence against recessions—had limited ability to act, because the interest rates it controls were already very close to zero. That was a time for serious pump-priming; unfortunately, we never got enough of it, thanks to scorched-earth Republican opposition.”
Our economy is very different in 2017. Unemployment is near historic lows. Quit rates, which show how confident workers are in their ability to find new jobs, are back to pre-crisis levels. Wage rates are rising at last, and the Federal Reserve has begun raising interest rates. If we just keep walking straight, we’ll be fine.
Krugman had the following to say on the matter.
“Whether or not we’re back to full employment is for the economists to debate”, but “the economic engine no longer needs a fiscal jump-start. This is exactly the wrong time to be talking about the desirability of bigger budget deficits.”

Trump’s recklessness and slovenly manner of governing set fire to the foundations needed for sustained national economic growth. If the Trump administration continues to stoke fear, it may soon do exponential damage to the fundamental legal and cultural infrastructure that made America a great place to invest and do business.

Quinnipiac University released a new poll about this on Wednesday. Most Americans know to give credit to former President Obama for the current state of the U.S. economy than to Trump, although it should be fairly conceded Trump’s constant boasting has had some effect. Constantly assuming credit over his betters, he has convinced some people through sheer repetition that he can take credit for this somehow, and that’s where we come in.

Trump’s policies are going to lay waste the good work that President Obama spent eight years on.

Tax plans are confusing. They tend to be full of numbers and technical jargon. They give the gift of throbbing temples to most of us. But one thing, at least, is easy to grasp. It’s going to hurt the middle class terribly. This plan is legislative savagery at its worst.

Trump’s tax plan is much like his other policies. Ill-conceived, worse planned, and terrible for very nearly everyone. The CBO report speaks for itself. It’s really more of a tax plot.

As expected, the plan would help the wealthy at the direct expense of the middle class. It will actively hurt the poor. It is also known that foreign oligarch investors, including many from Russia, will be the beneficiaries.

The tax break improves for each income level, meaning that the people who need the most help get the least of it. The top 1 percent would get an 8.5 percent break.

“This nasty and backwards budget green lights cuts to Medicare and Medicaid in order to give a tax break to big corporations and the wealthiest Americans. It shifts the burden from the wealthy and puts it squarely on the back of the middle class, and blows a hole in the deficit to boot,” said Senate Minority Leader Chuck Schumer.

“I think it will go down in history as one of the worst budgets Congress has ever passed.

In full agreement are the more than 400 millionaires and billionaires who are reportedly asking Congress not to cut their taxes.

The group, which includes doctors, lawyers and chief executives, plans to send a letter to Congress and ask that their taxes not be cut under the GOP tax overhaul, The Washington Post reported.

Those of us with sense enough to stand against these cuts must speak out. Loudly, and now. If not, then Medicare, Medicaid and other safety net programs will be gutted and burned. All so that the GOP can pay out a tax cut to the ones who need it the least. We will fight this to the end, and we will bear witness.

The GOP’s Middle Income Tax Increase.

Trump Robs The Middle Class

The new tax bill that the House of Representatives passed Thursday can be safely described as unpleasant.

Tax plans are confusing. They tend to be full of numbers and technical jargon. They give the gift of throbbing temples to most of us. But one thing, at least, is easy to grasp. It’s going to hurt the middle class terribly. This plan is legislative savagery at its worst.

As American citizens, we have a duty to stand up and oppose this criminal concept with all the force we can muster. If we do not, the same GOP Congress that attempted to repeal the Affordable Care Act in favor of total nonsense is all but certain to approve it. This new scheme is pitiless even for Trump. Its implications are brutal. It was hard to believe the budget plan the Senate just signed off on could be approved of by any human being with a heart.

Trump’s tax plan is much like his other policies. Ill-conceived, worse planned, and terrible for very nearly everyone. The CBO report speaks for itself. It’s really more of a tax plot.

The Trumps will save more than $1 billion overall under the GOP tax proposal with most of that amount coming from a repeal of the estate tax, according to an analysis NBC News commissioned of Trump’s one known 2005 tax return and his estimated net worth

As expected, the plan would help the wealthy at the direct expense of the middle class. It will actively hurt the poor. It is also known that foreign oligarch investors, including many from Russia, will be the beneficiaries.

The tax break improves for each income level, meaning that the people who need the most help get the least of it. The top 1 percent would get an 8.5 percent break.

Many Americans will indeed receive a tiny, immediate tax cut, but in the long term they will end up paying significantly higher numbers overall. Better than a third of American taxpayers are living on levels of income that fall below their standard deduction and personal exemptions. According to New York University law professor Lily Batchelder, that group will derive no benefit whatsoever.

This favoritism to the wealthy will increase both their holdings and the nation’s debt tremendously. The richest Americans are the biggest source of tax revenues. Trump has no answers as to where we might find a suitable substitute for them.

The plan will do great damage to parents of school-age children.  The head of household filing status will be eliminated. They will lose the personal exemption middle-class families used to receive for each child. That means almost 10 million parents will see their taxes increase.

The Republican Senate passed a budget bill on Thursday that would cut federal funding by $5 trillion over the next decade. The people to suffer the most from these cuts would be senior citizens, the poor and the disabled. By the time it’s all been said and done, the only ones who won’t be suffering are Donald Trump and his hideous cronies. Good thing the religious right’s got indulgences for sale.
A 10 year proposal that would gut Medicare to the tune of $473 billion in cuts is on the table. That would devastate the finances of more than 55 million Americans.
One might expect such a large tax cut to produce a large surplus in the federal reserve, but such an expectation would meet with disappointment. The Tax Policy Center said that the Framework of Trump’s 2016 plan will actually increase the national debt by $7 trillion over the next 10 years.

A large debt increase of this type tends to stunt economic growth in the long run. When a country’s debt-to-GDP-ratio is more than 100 percent, investors get concerned. They demand higher yields on the nation’s debt,  increasing interest rates. Those higher rates slow growth. It’s the old question of risk vs. reward.

Trump’s plan will also reduce the U.S. gross domestic product after 2024. The interest payments on the debt will end up consuming a large portion of the federal budget.

That money will be unavailable for the public use. It will not be there for the building of infrastructure or other job-creation uses. It will also not be there in case of an emergency, like the California wildfires or Hurricane Harvey.

The administration’s plan is relying on archaic and outmoded ideas of supply-side economics. Under the guidance of this principle, large-scale tax cuts are granted to big corporations. In an ideal world, these corporations would wisely invest this added capital into projects that create more jobs.

In the real world, however, the one in which Millennial Democrats is slogging through this article, this never worked out as it was supposed to. During Ronald Reagan’s administration, underperformance in this area led to the crisis we know as inflation. This was held up and exemplified, and given the name of Reaganomics. And that was still at a time when the highest tax rate was 70 percent.

These days tax rates are half what they were in the 1980’s. The results of pursuing a trickle-down economic strategy now would be far worse.

That is why those of us with sense enough to stand against these cuts must speak out. Loudly, and now. If not, then Medicare, Medicaid and other safety net programs will be gutted and burned. All so that the GOP can pay out a tax cut to the ones who need it least.
“This nasty and backwards budget green lights cuts to Medicare and Medicaid in order to give a tax break to big corporations and the wealthiest Americans. It shifts the burden from the wealthy and puts it squarely on the back of the middle class, and blows a hole in the deficit to boot,” said Senate Minority Leader Chuck Schumer.

“I think it will go down in history as one of the worst budgets Congress has ever passed.

Koch Industries has been working toward getting a bill like this past Congress for forty years.  The Senate has stamped their will with a seal of approval, bypassing Democratic votes and therefore bypassing democracy. “America First” is taking on a whole new twist.

Tyranny and Taxation- A Budget Breaking Bad.

The budget plan the Senate just signed off on can be safely described as unpleasant.

Tax plans are confusing. They tend to be full of numbers and technical jargon. They give the gift of throbbing temples to most of us. But one thing, at least, is easy to grasp. This plan is legislative savagery at its worst.

As American citizens, we have a duty to stand up and oppose this criminal concept with all the force we can muster. If we do not, the same GOP Congress that attempted to repeal the Affordable Care Act in favor of total nonsense is all but certain to approve it. This new scheme is pitiless even for Trump. Its implications are brutal.

Trump’s tax plan is much like his other policies. Ill conceived, worse planned, and terrible for very nearly everyone. It’s really more of a tax plot.

As expected, the plan would help the wealthy at the direct expense of the middle class. It will actively hurt the poor. It is also known that foreign oligarch investors, including many from Russia, will be the beneficiaries.

The tax break improves for each income level, meaning that the people who need the most help get the least of it. The top 1 percent would get an 8.5 percent break.

Many Americans will indeed receive a tiny, immediate tax cut, but in the long term they will end up paying significantly higher numbers overall. Better than a third of American taxpayers are living on levels of income that fall below their standard deduction and personal exemptions. According to New York University law professor Lily Batchelder, that group will derive no benefit whatsoever.

This favoritism to the wealthy will increase both their holdings and the nation’s debt tremendously. The richest Americans are the biggest source of tax revenues. Trump has no answers as to where we might find a suitable substitute for them.

The plan will do great damage to parents of school-age children.  The head of household filing status will be eliminated. They will lose the personal exemption middle-class families used to receive for each child. That means almost 10 million parents will see their taxes increase.

The Republican Senate passed a budget bill on Thursday that would cut federal funding by $5 trillion over the next decade. The people to suffer the most from these cuts would be senior citizens, the poor and the disabled. By the time it’s all been said and done, the only ones who won’t be suffering are Donald Trump and his hideous cronies. Good thing the religious right’s got indulgences for sale.
A 10 year proposal that would gut Medicare to the tune of $473 billion in cuts is on the table. That would devastate the finances of more than 55 million Americans.
One might expect such a large tax cut to produce a large surplus in the federal reserve, but such an expectation would meet with disappointment. The Tax Policy Center said that the Framework of Trump’s 2016 plan will actually increase the national debt by $7 trillion over the next 10 years.

A large debt increase of this type tends to stunt economic growth in the long run. When a country’s debt-to-GDP-ratio is more than 100 percent, investors get concerned. They demand higher yields on the nation’s debt,  increasing interest rates. Those higher rates slow growth. It’s the old question of risk vs. reward.

Trump’s plan will also reduce the U.S. gross domestic product after 2024. The interest payments on the debt will end up consuming a large portion of the federal budget.

That money will be unavailable for the public use. It will not be there for the building of infrastructure or other job-creation uses. It will also not be there in case of an emergency, like the California wildfires or Hurricane Harvey.

The administration’s plan is relying on archaic and outmoded ideas of supply-side economics. Under the guidance of this principle, large scale tax cuts are granted to big corporations. In an ideal world, these corporations would wisely invest this added capital into projects that create more jobs.

In the real world, however, the one in which Millennial Democrats is slogging through this article, this never worked out as it was supposed to. During Ronald Reagan’s administration, underperformance in this area led to the crisis we know as inflation. This was held up and exemplified, and given the name of Reaganomics. And that was still at a time when the highest tax rate was 70 percent.

These days tax rates are half what they were in the 1980’s. The results of pursuing a trickle-down economic strategy now would be far worse.

That is why those of us with sense enough to stand against these cuts must speak out. Loudly, and now. If not, then Medicare, Medicaid and other safety net programs will be gutted and burned. All so that the GOP can pay out a tax cut to the ones who need it least.
“This nasty and backwards budget green lights cuts to Medicare and Medicaid in order to give a tax break to big corporations and the wealthiest Americans. It shifts the burden from the wealthy and puts it squarely on the back of the middle class, and blows a hole in the deficit to boot,” said Senate Minority Leader Chuck Schumer.

“I think it will go down in history as one of the worst budgets Congress has ever passed.

Koch Industries has been working toward getting a bill like this past Congress for forty years.  The Senate has stamped their will with a seal of approval, bypassing Democratic votes and therefore bypassing democracy. “America First” is taking on a whole new twist.