Category Archives: Treasury
Pelosi’s Crumbs
Nancy Pelosi called Trump’s tax cuts for workers “crumbs”. Thousand dollar crumbs, but still crumbs.
No doubt the House Minority Leader from San Francisco does have thousand dollar crumbs on her plate.
By her lights those crumbs are a “little piece of cheese in a mouse trap” for the little people who elect her to do what she does.
I don’t think she gets why her party has crumbled.
Thank You Very Much
Got this from the “thank you very much” closing scene of the 1970 Albert Finney movie, Scrooge. Merry Christmas!
Pelosi’s Own Tax Facts
President Trump won big on tax reform. And Nancy Pelosi became unhinged. Here’s some of what she had to say about the bill:
End of the world… Armagedon…Brazen theft from the middle class…Raises taxes on 86 million middle class…Moral Obscenity…Permanent Plutocracy…Unrepentant Greed…A Vote against Tiny Tim
Tax Facts
The fact is, according to Politco and others, eighty percent of filers will get a tax cut averaging $2,000. Yet, for some reason, most people believe they’ll get a tax hike.
But despite his Christmas cash stocking stuffer, Trump’s approval rating remains low. And some Republicans lurk among the resistance.
Senate Tax Bill Kills Health Insurance Individual Mandate
The Senate tax bill ends the mandate to buy health insurance. This is a bad thing? It is according to a CNN Money article:
Poor Americans would lose billions of dollars worth of federal benefits under the Senate GOP tax bill, according to a new Congressional Budget Office report.
This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in 2027, the CBO found.
Many of the folks who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, CBO found.
If it’s a good deal why do people need to be forced to buy it? Do they think we’re stupid?
Oh.
