America Is Not Yet Lost – by Paul Krugman – NYT

“Many of us came into 2017 expecting the worst. And in many ways, the worst is what we got.Donald Trump has been every bit as horrible as one might have expected; he continues, day after day, to prove himself utterly unfit for office, morally and intellectually. And the Republican Party — including so-called moderates — turns out, if anything, to be even worse than one might have expected. At this point it’s evidently composed entirely of cynical apparatchiks, willing to sell out every principle — and every shred of their own dignity — as long as their donors get big tax cuts.

Meanwhile, conservative media have given up even the pretense of doing real reporting, and become blatant organs of ruling-party propaganda.Yet I’m ending this year with a feeling of hope, because tens of millions of Americans have risen to the occasion. The U.S. may yet become another Turkey or Hungary — a state that preserves the forms of democracy but has become an authoritarian regime in practice. But it won’t happen as easily or as quickly as many of us had feared.”

Yes. Thank you Paul Krugman. Here are two top comments I ed=ndorsed.

R. Law

is a trusted commenter Texas 15 hours ago

Dr. K., we trust in the American people, but with McConnell, McCain, Graham, and other GOP’ers having all taken $7+ million$ from a Russian oligarch connected not just to Putin but to one of the sanctioned Russian banks in the 2016 cycle according to the Dallas Morning News:

https://www.dailykos.com/stories/2017/8/4/1687031/-Dallas-Morning-News-R…

it appears the entire GOP will fall in lockstep behind Putin’s Poodle POTUS, to conceal the nefariousness that tars their party.

It is an additional reason GOP’ers are trying to throw up dust by investigating the uranium deal with Russia that occurred under Obama.

We find the quote from David Frum (speechwriter for Dubya) in his new book ‘Trumpocracy’ to be chillingly believable, from what we’ve observed:

” If Republicans become convinced that they cannot win democratically, they will not abandon conservatism, they will reject democracy. ”

From here, it looks like Winter is upon us, in the form of GOP’er vultures.

At least in Tibet, people are dead before they are fed to the buzzards:

http://www.dailymail.co.uk/news/article-3301536/The-Tibetan-sky-burials-…

• 668 Recommended

Ralph Averill

New Preston, Ct 13 hours ago

I am optimistic as well. The Trump phenomena has awaken many sleepy Democrats and perhaps inspired a lot of independents who no longer have Hillary Clinton to kick around any more.
I think many Americans have come to realize that it really can happen here; we can lose this great experiment. We are only two or three elections away from giving it all away. The 2018 mid-term elections will be the most critical elections since just before the Civil War.

• 621 Recommended

Koch Brothers Launch Attack to Kill Electric Cars

“This newly released video seems to further confirm investigative journalist Peter Stone’s reporting from last spring that the Kochs were “plotting a multimillion dollar assault on electric vehicles.” ”

Source: Koch Brothers Launch Attack to Kill Electric Cars

The Built-In Instability of the G.O.P.’s Tax Bill – By REBECCA KYSAR and LINDA SUGIN – NYT

“Republicans are on the verge of achieving their decades-long goal: an overhaul of the tax code. But the system they have built will not last.The plan’s instability is partly a result of the process Republican Party leaders chose to make it happen. Reconciliation, which allows escape from the Senate filibuster, means that Republicans did not have to reach across the aisle. Not a single Democrat supported the legislation.

This choice has consequences. For one, the exclusion of Democrats means that there is no buy-in from the minority party that will one day, perhaps soon, be in the majority again. This dynamic is worsened by the fact that the tax legislation pits blue states against red through the limitation of the state and local tax deductions. In the end, Republicans have chosen policies that are more extreme than they would have if they had worked with Democrats.”

DL:  Well done. Here are the top comments which I endorse:

mancuroc is a trusted commenter rochester 12 hours ago

“Republicans are on the verge of achieving their decades-long goal: an overhaul of the tax code.”

Yes it is a decades-long goal. No it isn’t an overhaul – it’s a heist that moves massive amounts of wealth to the top.

Reply 376 Recommended

ChristineMcM is a trusted commenter Massachusetts 10 hours ago

“These policies not only face the risk of being undone by a future Democratic majority, but also could indeed prove to be so lopsided as to alienate the more centrist of Republicans. Worse, Republicans now aim to take advantage of the instability they’ve created by cutting so-called entitlements like Medicare down the line, burdening the poor and the middle class.”

Actually, they kick the middle and lower classes three ways: first by raising taxes on those who might have itemized deductions in high tax states; second, making them pay the penalty for fixing deficits the GOP created in the first place; and third, making sure their “cuts” such as they are are temporary.

Once the understaffed, underfunded IRS sets these 1000 pages into rules and regulations, I believe they’ll find a ton of stuff that sets off unintended consequences.

By then of course, Democrats may take back the house and face the dirty job of fixing the GOP’s messes (which they always do).

But now, at least, Republicans can’t call Democrats the “tax and spend” party. No, the real truth is more like the “clean up party, ” fixing the messes created by the “Cut and spend” Republicans, who are gambling that the Dems will be blamed once the economy tanks.

It might be hard to prove given how this unilateral bill was rammed through without Democrat participation or votes.

And if Congress thinks all will be fogotten, I can assure them, we won’t let the public forget.

Reply 346 Recommended

Bruce Rozenblit is a trusted commenter Kansas City, MO 11 hours ago

The line being touted by the Republicans is that the temporary nature of the individual tax cuts exists only because of the rules of reconciliation. They are laying the groundwork for blaming the tax cut expiration on the Democrats if they don’t make them permanent next year.

How stupid do they think we are? If these cuts are made permanent, then the deficit will be much larger than the forecasted 1.5 trillion. Why don’t they increase the corporate rates in 2025 and then make the individual rates permanent? By then, if their supply side magic works, corporations will be so wealthy, they can afford to pay more in taxes. The public will have financed their growth with debt and deserves to be paid back.

But no. The deficit most likely explode under this bill. It will be much higher than forecast. That is because of the many new loopholes they opened up that are yet to be fully exploited. Give the accountants six months to launch their plans.

They also keep saying that the increased profits will be reinvested which will grow businesses. Here we go again. It is demand that grows business, not supply. Investments are always made in response to demand. All the GOP did was to dramatically boost profits with the stroke of a pen. You don’t make more widgets if you can’t sell them. If you make more money on the widgets you sell, you stick the money in your pocket.

This is going to blow up. The Democrats should prepare to assess blame on where it belongs, the GOP.

Flag
Reply 306 Recommended

Opinion by David Brooks | The Workers Paradise

From the comments section, the top comment, and my rebuttal.

JBC

Indianapolis 16 hours ago

The tax revenue lost by the 7% difference between 21 and 28 is sizeable, and Obama never would have placed the impact of any corporate tax cut on the backs of the middle class and those with even lower incomes. Do not act like this is no big deal Mr. Brooks. It is.

• 698 Recommend

David Lindsay Jr.

Hamden, CT Pending Approval

Bravo David Brooks. Keep writing, and don’t let the detractors get you down. I’m disappointed that 698 commenters endorsed JBC. The problem with the JBC critique is that Brooks is just right that the world is going towards a 20% or lower corporate tax. But progressive, steep income taxes, and vat taxes, make up the difference, so that other developed countries have plenty to spend on social services for the middle and lower classes. We also spend more on military than these other counties, and fight in poorly thought out wars, which are wasteful. The problem with the GOP tax bill is not the 20% corporate rate, but almost all of the rest of it. They were supposed to get rid of all the loopholes, so that corporations would have to pay 20%. David is the author of “The Tay Son Rebellion, Historical Fiction of Eighteenth-Century Vietnam”, and blogs at TheTaysonRebellion.com.

Passing Through to Corruption – by Paul Krugman – NYT

“Unless something drastic happens, this will be the week Republicans ram through a tax cut that adds more than a trillion dollars to federal debt while undermining health care for millions. They will do so by violating all previous norms for major legislation, having held not a single hearing and rushed to a vote before the new senator from Alabama could be seated.The question is, why are they doing this? For this bill isn’t just a policy crime; it also seems to be a political mistake. It will, however, be good, one way or another, for the bank accounts of quite a few Republican members of Congress. Is that why it will pass?

About the politics: Normally, politicians willing to add a trillion dollars to the debt can hand out enough goodies to make their plans popular, at least for a while. The George W. Bush tax cuts heavily favored the rich over the middle class, but they contained enough clear middle-class tax cuts to have broad public approval, at least at first.This bill, however, faces heavy disapproval. Ordinary voters may not be able to parse all the details, but they have figured out that this bill is a giveaway to corporations and the wealthy that will end up hurting most families. This negative view isn’t likely to change.”

Tax Bill Lets Trump and Republicans Feather Their Own Nests – The New York Times

“To understand the cynicism and mendacity underlying the Republican tax bill, look no further than a provision that would benefit President Trump and other property tycoons that is in the final legislation Congress is expected to vote on this week.

The provision would allow people who make money from real estate to take a 20 percent deduction on income they earn through limited liability companies, partnerships and other so-called pass-through entities that do not pay the corporate tax. The beneficiaries would also include members of Congress like Senator Bob Corker, who last week decided he would vote for the bill even though Republican leaders did nothing to address his concerns about an exploding federal deficit.

The biggest winners would be people like Mr. Trump, his family and similarly advantaged developers who make tens or hundreds of millions of dollars every year on swanky office towers and luxurious apartment buildings. An earlier version of the bill passed by the Senate provided a 23 percent deduction but put limits on its use that would prevent wealthy developers from profiting from it. The House version would simply have reduced the rate at which pass-through income is taxed.”

DL: Much uglier than simply pigs at a trough.

A Tax Plan to Turbocharge Inequality- in 3 Charts – by David Leonhardt – NYT

“The Republican tax bill is an audacious attempt to accelerate the economic trends of the last half-century.If you’re a fan of these trends — rapidly rising inequality and stagnant middle-class incomes — you should love the bill. If you’re not a fan, you can at least take comfort in knowing that you’re in the majority of Americans, as polls consistently show.

Over the last few decades, the rich have not only enjoyed the largest pre-tax raises, by far. They have also received big tax cuts. The middle class and poor, meanwhile, have suffered from slow-growing incomes — and from overall tax rates that are higher today than in the mid-1960s.The first part of that story is widely known. The rich have gotten richer, for a whole variety of reasons.”

DL: Great piece. It looks like this tax plan will help progressive environmentalist and their friends on the left, to take over congress in the next, or next couple of elections.

And exellent comments, such as:

Ron Cohen

is a trusted commenter Waltham, MA 17 hours ago

Contempt for the poor and middle class starts with Republican donors, the very rich. Why do the rich care so much? After all the tax cuts are modest relative to their immense wealth. Is it really about money? Or is it something deeper, more visceral, a need to dominate and impoverish everyone else?

The great English historian, R.H. Tawney, in his magisterial work, “Religion and the Rise of Capitalism” (1926), tells us that by the mid 1600’s, most English Puritans saw in poverty “not a misfortune to be pitied and relieved, but a moral failing to be condemned, and in riches, not an object of suspicion … but the blessing which rewards the triumph of energy and will.”

This ideal of individual morality, derived from Calvin, has been with us ever since. But it has surfaced with renewed zeal in our time, with men like the Koch bothers, Robert Mercer, Art Pope and Sheldon Adelson determined to spend whatever it takes to replace democracy as we know it—a leveling force—with a fascistic, plutocratic model of government.

For these billionaires, however, religion is not the motivator. Rather, it’s how they see themselves, their self image, that drives their lust for power, their need to dominate. They are the “makers,” deserving, while the rest of us are “takers,” undeserving and cadging off their efforts. Identity politics isn’t just for Democrats anymore.

For a penetrating interpretation, see George Monbiot’s short but defining piece in The Guardian: http://tinyurl.com/p5dg6b5

• 297 Recommend

Ed Schwab

Alexandria, VA 13 hours ago

One way to deal with the problems of Social Security and the high payroll taxes is by recycling taxes that many Social Security recipients pay on their benefits. AS you may know, many social security beneficiaries pay no taxes on their benefits. However, there are many like me who pay quite a bit. My wife and I pay about $7,000 a year.

SS benefits are taxed only when recipients receive more in retirement income from other sources than they receive in SS benefits. Taxes are paid under a complex formula from 0% to 80% depending on how SS income compares to other retirement income. My pension income is about 20 times my SS benefit. That means I and my wife pay income taxes on 80% (the max percentage) on our SS benefits.

I don’t mind paying that amount, but I object to where it goes. It goes into the general fund just like other taxes. It seems to me that the better way would be to recycle it into social security. There are millions of us who pay taxes on our social security. The problems of the fund would be relieved a lot if our taxes went back to social security rather than into the general fund. When my wife and I pay back almost 20% of what we get to the government, it seems like that money should go to replenish the SS fund.

• 253 Recommend

NYT Pick

MC

Upstate New York 5 hours ago

This tax bill for the rich is so appalling. Not only have payroll taxes not been addressed, but also every person will lose the personal exemption of $4,100 for themselves and for every member in their household.

It doesn’t matter that the standard deduction has doubled to $24,000 because if you are a family of three, you lose $12,300 in person exemptions. Therefore, doubling the standard deduction is a wash. But, if you’re a family of four or more, chances are very good you will pay more in taxes.

Why hasn’t the media explained to the public this MAJOR lose of the personal exemption of $4,100 per person? This vital fact has been ignored. Most middle class people will gain nothing. In fact, most of us will pay more. And every additional dollar we pay will go in the pockets of the 1%.

This tax bill is so shameful and such a sham.

• 228 Recommend

 

How Republicans Learned to Sell Tax Cuts for the Rich – by Isaac Martin – NYT

“If anyone still believed that the Republican Party had become a party of economic populism, the tax bill that the party is set to pass in Congress will burst their bubble. This bill raises taxes on the poor and cuts taxes on the rich. Most of the American people disapprove.

Senate Republicans negotiated in secret at top speed, and then passed the bill at 1:50 a.m. on a Saturday, as if to minimize public scrutiny. The original American populists were the men and women of the Populist Party who demanded open government and income taxes on the rich; this tax bill is exactly the sort of thing that made them howl in outrage.But the Republican tax strategy has roots in the American populist tradition, too. That strategy is to disregard experts and rile up the base with tax policy arguments that would not survive professional scrutiny.

Populists did this on behalf of the poor. But the man who first put this strategy to work for rich people was Andrew Mellon, the millionaire who became secretary of the Treasury after World War I. Poor veterans of the war were clamoring for expensive public benefits. Rich men wanted their income taxes rolled back.Mellon squared the circle by inventing a supply-side argument: Cutting income tax rates would actually increase tax revenues. In particular, he said, cutting the top income tax rates would encourage rich people to pull their money out of tax shelters and invest in creating jobs. Or, as Treasury Secretary Steven Mnuchin has said of the current Republican tax plan, cutting income taxes “will pay for itself with growth.” “

How to Cut the Cord and Stream TV – Watching Guides – The New York Times

https://www.nytimes.com/guides/watching/tv-streaming-cut-the-cord?action=click&pgtype=Homepage&version=Moth-Visible&moduleDetail=inside-nyt-region-3&module=inside-nyt-region&region=inside-nyt-region&WT.nav=inside-nyt-region&redirect=true

“Television has changed remarkably over the past few years. It might be time for your viewing habits to change as well. Unless you enjoy paying more than $100 a month for a cable or satellite subscription you only half-use, you’re likely considering joining the growing ranks of consumers who have “cut the cord” and are now getting their favorite TV shows, movies and even live sports through the internet and streaming services. Making this change requires some preparation, though. Here’s a step-by-step guide to the cord-cutting process. And once you’re set up, hop on over to The New York Times’s site Watching for personalized movie and TV series recommendations.”

The Omen of Alabama – By Charles Blow – NYT

“The political winds are shifting with all the subtlety of a hurricane.Doug Jones’s defeat of Roy Moore in the Alabama Senate special election is yet the latest signal that the accommodators of Donald Trump, those who have normalized and bolstered him, the gutless, schismatic conservatives who abandoned principle to follow a pariah, will have hell to pay in 2018.Yes, Roy Moore was defeated, but it can never be fully erased from history or memory that he was endorsed by this president and supported by the Republican National Committee. All of Roy Moore’s sins are their sins, and they will wear that scarlet R straight into the midterms.We should also note that Jones didn’t win by a landslide. The margin was thin as a rail. Moore still won the Republican vote and the white vote and, yes, the “white born-again Christian” vote. These people contorted their faith to support a man accused of unthinkable transgressions.They made a mockery of Christian faith and moral fidelity. But as the Apostle Paul wrote in Galatians, “God is not mocked.”The Resistance is marching on, emboldened, with a strategy and proof that the strategy can work.The Alabama election has demonstrated once again that resisters aren’t just angry; they are motivated and insistent that the past will not defeat the future.”

Thank you Charles Blow. Let’s work harder, and win our country back, and preserve the environment for future generations.