1. Imposed a 15 percent corporate minimum tax (CMT) on large corporations that report profits to shareholders averaging more than $1 billion over three years
2. Imposed a 1% excise tax on stock buybacks
3. Significantly increased the budget of the IRS
His bill could have been more ambitious, but Biden's plans were constantly undermined by some Senators:
Look, I generally think Mitt is a good guy. I also believe he sees nothing wrong with what he did as a corporate raider, and I specifically remember him being caught on hidden camera throwing poor (and some middle class) citizens under the bus at a fundraiser with rich folks, falsely suggesting that they were freeloaders who pay no taxes. When it comes to his economics, the guy is a regular Atilla the Hun.
This reminds me of a previous, successful attempt to reduce taxes for the rich (aren't they always successful anymore?), watching Ben Stein making the usual public plea for the sad, oppressed wealthy people on a Sunday morning talk show, only to have him 180 his argument shortly after the reduction passed.
Give me action, or I'm not buying it. Carnegie gave my community, and many others, libraries, at least. I want to see real community improvements in numerous places. My preference is in environment and climate improvements, but if you're super wealthy and want me to think you're great after your gone and buried, contributing billions to your own personal charity ain't gonna cut it (typical strategy of many uber wealthy individuals). Admitting the bed made of Benjamin Franklins that you sleep on every night maybe shouldn't have been allowed to be quite so tall, after you're advanced in years and politically irrelevant, doesn't change much.
Edit: punctuation; it's a lost art, but makes awkwardly constructed sentences much more understandable
It’s so heartening to hear from a reasonable Republican in this swamp of maga republicans. Romney is also the Republican who had “family values” proposals which actually valued families!
This article is a reasonable starting point. Let git r done
5 replies
I’ve been saying it for years
NYT/dem party has been trying to appeal to the mythical Romney voter instead of the progressive base
They genuinely believe they can convert the mythical Romney voter conned into trumpism back into an ordinary liberal
Your base already wants to tax the rich you fucking corrupt fools just run some goddam progressives of good character
To tax the rich, you need a majority in the Senate and the House of Representatives.
Joe Biden actually wanted to tax the rich:
https://www.lemonde.fr/en/international/article/2024/03/08/biden-proposes-a-tax-raise-on-billionaires-corporations-and-portrays-trump-as-the-candidate-of-the-rich_6599126_4.html
https://www.latimes.com/business/story/2024-03-21/biden-proposes-tax-increase-on-fuel-for-private-jets
But he doesn't control the US Congress.
His Inflation Reduction Act:
1. Imposed a 15 percent corporate minimum tax (CMT) on large corporations that report profits to shareholders averaging more than $1 billion over three years
2. Imposed a 1% excise tax on stock buybacks
3. Significantly increased the budget of the IRS
His bill could have been more ambitious, but Biden's plans were constantly undermined by some Senators:
https://www.pbs.org/newshour/politics/sinema-received-nearly-1-million-from-wall-street-while-killing-tax-hike-on-investors
https://www.cnbc.com/2022/08/09/how-wall-street-wooed-sen-kyrsten-sinema-and-preserved-its-multi-billion-dollar-carried-interest-tax-break.html
Look, I generally think Mitt is a good guy. I also believe he sees nothing wrong with what he did as a corporate raider, and I specifically remember him being caught on hidden camera throwing poor (and some middle class) citizens under the bus at a fundraiser with rich folks, falsely suggesting that they were freeloaders who pay no taxes. When it comes to his economics, the guy is a regular Atilla the Hun.
This reminds me of a previous, successful attempt to reduce taxes for the rich (aren't they always successful anymore?), watching Ben Stein making the usual public plea for the sad, oppressed wealthy people on a Sunday morning talk show, only to have him 180 his argument shortly after the reduction passed.
Give me action, or I'm not buying it. Carnegie gave my community, and many others, libraries, at least. I want to see real community improvements in numerous places. My preference is in environment and climate improvements, but if you're super wealthy and want me to think you're great after your gone and buried, contributing billions to your own personal charity ain't gonna cut it (typical strategy of many uber wealthy individuals). Admitting the bed made of Benjamin Franklins that you sleep on every night maybe shouldn't have been allowed to be quite so tall, after you're advanced in years and politically irrelevant, doesn't change much.
Edit: punctuation; it's a lost art, but makes awkwardly constructed sentences much more understandable
A tad late, but nice to see all the same.
It’s so heartening to hear from a reasonable Republican in this swamp of maga republicans. Romney is also the Republican who had “family values” proposals which actually valued families!
This article is a reasonable starting point. Let git r done