budget&tax

nytimes.com
Senate Budget Committee Approves Tax Bill
Republican leaders passed the tax bill out of the Senate Budget Committee, clearing the way for it to come to the Senate floor later this week.
By The New York Times

So the senate budget committee approved the tax bill that fucks over the poor, grad students, and the middle class while giving the rich kickbacks. Who is shocked?

now it’s going to the senate, just so yall know. call your senators email them hassle them tell them this is fucking horrible. idk what it will do but thats the only ideas i got right now.

Top military budgets in the world.

1 United States 596 billion
2 China 215 billion 
3 Saudi Arabia 87.2 billion 
4 Russia 66.4 billion 


Imagine. If we only spent as much as China did, maybe a little more. Still be #1, but without the ridiculous margin. 

We could instantly add 380 BILLION dollars to our budget without even touching taxes. 

That’s $1,190 per person in the US instantly. 

Republicans are all about chaos. No plan, no foresight, no oversight, no budgets, no tax revenues to cover costs. Just destruction of society because they don’t want to pay.

Republicans invaded Iraq for Big Oil.
They are cutting health care for Kochs/donors/billionaires.

Understanding Scottish Independence: for Americans

It seems like a lot of Americans don’t understand the relationship between the UK and Scotland. Let me tell you a story to try to help you understand.

Imagine that Canada has a terrible disaster of some kind. They’re completely bankrupt. They can barely feed themselves. Maybe it was a huge meteor strike or something. Anyway, Canada is kind of lowkey screwed.

So America decides to help their little brother to the north. They offer to bail out Canada, as long as Canada joins the US, and the ten provinces and three territories of Canada become 13 new states.

For a while things are pretty okay. Canadian currency becomes American currency and every Canadian dollar is valued exactly like American dollars. The Canadian capitol in Ottawa is shut down, and Canada sends their representatives and senators to Washington DC. The old provinces can still collect state tax, but all the federal taxes get sent off to the IRS, and the Canadians get Federal funding the same as other states.

Not all Canadians are happy about the arrangement. They feel like their identity as Canadians is lost. It seems like there are more and more barbeque joints and fewer and fewer Tim Horton’s as time goes by. They want to still be Canadians, but everyone now calls them Americans. After all, they’re all from North America, right?

The problems start to arise when it comes to governing. The Americans draft a bill in congress that cuts all funding for French language education and television. The Canadians are incensed! They are told, “You have representatives in Congress. Just tell them to vote against it!”

They do, but there are only 26 Canadian Senators and 50 Canadian Representatives in Congress, while there are 100 Senators and 435 Representatives from the US. Even when Alaska and Minnesota vote with Canada, there are not nearly enough votes, so they lose all of their Federal funding for French tv and education.

That ends up just being the start. The US cuts funding for the Canadian socialised medicine and welfare programs. They decide it’s not fair for them to get better healthcare and welfare protection than the other states. They’re told that if they want to keep those things they’ll have to raise the money from their own state budgets and state taxes. But they have restrictions on how much they can raise in state tax, so services are strained.

There are little problems here and there as well. Whenever Canadians go down to the original states, the locals refuse to take their Canadian money or give them a hard time, even though it is legal US currency.

Most of the former members of the Canadian national hockey team are recruited into the US olympic hockey team. They do really well in the early rounds, and headlines scream “USA! USA!” When the Canadians point out that every player on the team is Canadian, the Americans scoff and say, “Quit being so nationalistic. We’re all Americans.” The team loses in the final to Russia. The headlines scream, “American Bid for Gold Destroyed by Incompetent Canadians.”

Canada is rich in oil and other natural resources, which are now owned by the US government. With so much land and so few people, per capita they contribute more money to the US budget than they get back in Federal spending. They ask to get more of it back to pay for healthcare and education, but they are outnumbered in congress as usual.

Socially, Canadians are just different. The Canadian states legalise gay marriage across the former Canada with little fuss and the only protests came from the south. They have strict firearm restrictions and they resent that Americans keep bringing in guns.

A war breaks out in Europe. Planeloads and boatloads of European refugees pour into North America from Britain, France, and Spain. The President immediately reacts and calls for restrictions on refugees, claiming that there is no space for them, and they’re too dangerous. Meanwhile, Canada wants to welcome as many refugees as possible. There is plenty of space in Canada, they love welcoming new cultures, and they want to help. Unfortunately, immigration is not a state-level power, so they are banned from accepting refugees.

The US decides to increase their military spending and starts wars all over the world, as usual. Canada pays their share and then some. Americans start to feel uncomfortable with all the nuclear stockpiles in the country, but they refuse to get rid of them. Instead, they park their entire store of nukes just outside Toronto. Not a single Canadian voted to approve the move.

Things start to break down. The Canadians have long recovered from their original crisis, and it just seems like they no longer have any power to govern themselves. They are socially far more liberal than the original states, but their votes don’t mean anything in Congress, so they are constantly saddled with an extremely conservative government.

They’ve been an independent country before. They know it’s possible. If they broke out of the US, they could bring back socialised medicine and welfare and the French language. They could spend more on health and education and less on the constant wars. They could make the Americans take their nukes back, so that they aren’t endangering their largest city.

The Americans don’t understand. “Your population is so small! You’re part of the greatest country in the world! You’ll never have that kind of global clout if you leave us.”

But the Canadians don’t want global power. They just want to take care of themselves and be Canadian again.

So that’s basically what the relationship between Scotland and England is like. Scotland doesn’t want an Empire like England does. We just want to take care of ourselves on our own terms. Our priorities and values are just fundamentally different.

Its quite stunning that Trump’s budget plans, Trumpcare, tax policies disproportionately fall on his supporters. Its quite a thing …

“In rural Appalachia, people are so poor that there is a federal program dedicated to lifting them out of poverty. Through the Appalachian Regional Commission, the government pitches in on projects that these rural communities badly need but can’t quite afford — everything from fixing roads, to building computer labs, to training workers, to opening health clinics.

   These efforts have become so widely admired that in recent years Congress launched, with bipartisan backing, sister agencies to help other rural regions stuck in generational cycles of poverty. Together the programs spend about $175 million each year bringing jobs and opportunities to places that long have felt left behind.

   President Trump, who won rousing victories in these same parts of rural America, would eliminate that funding.”

Also See: President Trump won big in these places. Now he wants to eliminate 3 agencies dedicated to helping them - Washington Post

Occupations Masterlist:

The Music Industry~

OKAY, so under this cut you’ll find a list of #55 jobs your characters can hold in the music industry aside from classic band members/solo artists. I know for bandom RP especially it can be hard to come up with unique jobs for OCs that still enable them to create connections. I’ve organized everything into categories for easy searching and defined even the most intuitive titles, so hopefully this helps!

Keep reading

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7 Reasons Why Trump’s Corporate Tax Cut is Completely Nuts

Donald Trump wants to cut the corporate income tax rate from 35 percent to 15 percent, in order to “make the United States more competitive.”

This is nonsense, for 7 reasons:

1. Profitable U.S. corporations already pay on average of only 14% according to the Government Accountability Office. That’s less than a lot of middle-class families pay. (And that’s less than half the official 35% corporate tax rate.) What’s more, some giant corporations pay little (if any) U.S. taxes because of loopholes or because they shift their profits offshore to tax havens.

2. Trump’s corporate tax cut will bust the federal budget. The nonpartisan Tax Policy Center projects it will reduce federal revenue by $2.4 trillion over 10 years. This will either require huge cuts in services for all of us, or additional taxes paid by us to pick up the corporate tab.

3. It’s based on supply-side, trickle-down nonsense. The White House says the tax cuts will create a jump in economic growth that will generate enough new revenue to wipe out any increase in the budget deficit. Rubbish. Ronald Reagan and George W. Bush both cut taxes mostly for the rich, and both ended their presidencies with huge budget deficits.

4. It will create a new special loophole for hedge fund managers, big law firms and real estate moguls like Donald Trump. They could slash the  tax rate they pay on their business income from 40 percent to 15 percent. 15 percent is what a middle-class person pays. Do you think people like Trump should pay a tax rate that someone making $60,000 a year pays?

5. It creates an international race-to-the-bottom on corporate tax rates that the U.S. cannot possibly win. One of its supposed attractions is it makes U.S. corporate taxes more “competitive” internationally. But we can’t match the rates in tax havens, which are often ZERO. And other countries will just lower their taxes in response. That’s what happened after 1986, the last time the U.S. cut corporate tax rates.

6. American corporations don’t need a tax cut to be competitive. They’re already hugely competitive as measured by their profits – which are near record highs– while the share of taxes they pay are at record lows. Corporations should be doing more to pay their fair share, not getting a giant tax cut!

7. Corporations won’t use the extra profits they get from the tax cut to invest in more capacity and jobs. That’s the White House line, but it’s baloney.  Corporations are now using a large portion of their profits to pay their CEOs’ hefty pay packages and to buy other companies in order to raise their stock prices. There’s no reason to suppose they’ll do any different even with more profits.

So don’t fall for Trump’s corporate tax plan. It will be a huge windfall for corporations and billionaires – like many of Trump’s own cabinet members, family members, and likely even Trump himself (although because he won’t release his taxes, we can’t tell how much he’ll enrich himself from his own tax plan).

We do know who will lose out: The rest of us.

theguardian.com
The Republican budget is a gift to billionaires: it's Robin Hood in reverse | Bernie Sanders
Donald Trump and Republican leaders claim their plan would provide a ‘big league’ tax cut for the middle class. Nothing could be further from the truth
By Bernie Sanders

After failing to pass a “healthcare” bill that would have thrown up to 32 million Americans off of health insurance, a bill that was more unpopular than the Wall Street bailout, Donald Trump and the Republican leadership in Congress are back.

Now, they are pushing one of the most destructive and unfair budget and tax proposals in the modern history of our country – a plan that would do incalculable harm to tens of millions of working families, our kids, the sick, the elderly and the poor.

The Republican budget, which will likely be debated on the floor of the Senate this week, is the Robin Hood principle in reverse. It takes from those in need and gives to those who are already living in incredible opulence.

Senator Bernie Sanders gives warning about the Trump Administration’s budget, a budget which is harmful to the working class for the wealth benefits of rich elites. The Republicans are harming the livelihoods of the populace. As Sanders noted:

At a time when the middle class is shrinking and over 40 million Americans are living in poverty, this budget must be defeated and replaced with a plan that reflects the needs of the working families of our country, not just the wealthy, the powerful and large campaign contributors.  

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TRUMP’S BONKERS BUDGET

Donald Trump ran for president as a man of the people, who was going to fight for those who were left behind – but everything we’re hearing about his forthcoming federal budget says exactly the opposite: Spending that’s a great deal for big corporations that have hired armies of lobbyists, and great for the wealthiest few like himself. But leaving everyone else a lot worse off.

Here are four important early warning flares:

1. Trump’s budget will increase military spending by 10 percent (even though U.S. military expenditures already exceed the next seven largest military budgets around the world, combined). And that’s frankly scary for a lot of reasons from what it signals about his foreign policy priorities to the impact of that whopping spending hike like this on other parts of the budget.

2. Trump actually plans to cut corporate taxes (even though U.S corporate profits after are higher as a percentage of the economy than they’ve been since 1947).

3. He’s going to pay for this – in part – by cutting billions of dollars from the Environmental Protection Agency (which would strip the EPA of almost all its capacity to enforce environmental laws and regulations, at a time when climate change threatens the future of the planet). This is precisely the opposite of what the United States ought to be doing.

4. Last – but by no means least – huge leaps in military spending plus tax cuts will also mean big cuts to programs like food stamps and Medicaid (at a time when the U.S. has the highest poverty rate among all advanced nations, including more than 1 in 5 American children).

This is only the first step in the budget process, but with Republicans in control of both the House and the Senate these priorities have a good chance of being enacted, which is why we have to raise our voices – and push back – now.

Republicans in Congress are likely still recovering from the last recess – dubbed appropriately “Resistance Recess.” We need to take that winning spirit of resistance into the budget fight – and the time to start is right now.

So, let your members of Congress know that Trump’s budget is not your budget. Trump’s spending and tax priorities are not in the best interest of most Americans. And then let’s get to work to make sure we get a Congress in 2018 that reflects YOUR priorities.

The Wall

$15 BILLION for a wall along a small stretch of the southern border does nothing but cost taxpayers.

We have over 100,000 miles of border, 5,525 with Canada, 1,989 with Mexico, and 95,000 with the oceans… You really think a wall on 2% of the border is going to do anything?

If you’re worried about drugs, remember that 3.1 million Americans admit to abusing non prescription cough medicine (Addiction Center). 2.4 million Americans admit to abusing prescription drugs (National Institute on Drug Abuse). And that is just stuff you get from your doctor or medicine store, so is a wall going to stop that?

Worried about “illegal” immigrants? Well if we ignore the fact that borders are a human concept and that no human is actually illegal, and we ignore our moral obligation to help our fellow man, then let’s just remember that migration from Mexico is LOWER in recent years than before. It peaked in 2007 and now is at or around NET ZERO PERCENT (Politifact, Center for Immigration Studies).

Guns… This is America, I can buy a gun from a family member and it does not have to be registered, nor do I have to be licensed. Only if I want to carry it in public would I need a permit, which is just a matter of a background check and $20. In 2013, there were more than 10.9 million manufactered guns in America (Bureau of Alcohol, Tabacco, Firearms, and Explosives), in 2009, it was estimated that Americans possessed at 310 million (2012 Congressional Research Service report)… Think about that considering our population is 318 million. So is a border wall going to stop anyone from getting a gun? No.

But ‘illegals’ don’t pay taxes! Wrong - undocumented immigrants pay more than $10.6 billion in local taxes every year (Institute on Taxation and Economic Policy), and 50%-70% pay income taxes (Congressional Budget Office), and if we provided a pathway for citizenship, they would contribute even more.

‘Illegal’ immagrants cannot receive welfare, food stamps, Medicaid, or any other benefit (CNN Money), so don’t go there either.

I think it is also worth mentioning that Trump’s proposed 20% tariff on Mexican imports to ‘reimberse’ American taxpayers, would actually cost us. Mexico is our third largest trading partner (U.S. Trade Representative) and a terrif would raise CONSUMER prices… In layman’s terms, Mexico will increase the price of car parts, food, medical equipment, etc, to cover the cost of the tarrif, passing the burden onto American consumers (Tax Policy Center).

And lastly, let me just remind you that in August of 2005, Mexico literally sent us their best - for the first time since 1942, Mexican troops entered the United States to respond to Hurricane Katrina. Then President Vicente Fox -the same one who called Donald Trump a child and said “I am not paying for that fucken wall”- offered us his condolences on behalf of Mexico, the Mexican Red Cross sent experts, the Mexican Navy sent ships, rescue vehicles, and helicopters, personnel, and 250 tonnes of food. The Mexican Air Force sent planes with 200 tonnes of food. 349 sailors and 184 solders, as well as other personnel and experts, crossed our borders to help us as our citizens across the region faced unimaginable disaster.

So let’s take a moment to think this through, ignoring every aspect of the fact that these are human beings and Mexico is a partner, based on our own economic benefits, this wall makes no sense, and when you think about it, we will only be hurting ourselves.

theatlantic.com
Kansas Republicans say they are worried that Congress and the Trump administration will repeat the mistake they made in enacting budget-busting tax cuts.

“The regretful Republicans of Kansas have a message for the tax-cutting Republicans of Congress: Don’t follow our lead.

If states are, as Justice Louis Brandeis famously called them, the laboratories of democracy, then Kansas’s experiment in conservative tax reform set off an explosion of red ink. Steep cuts for businesses and individuals failed to produce a promised economic boom, and busted the state’s budget instead. Now, the GOP legislators that oversaw—and ultimately cancelled—that fiscal study are increasingly worried that Washington will ignore its central finding.”

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How Not to Balance the Budget on the Backs of the Poor

Donald Trump wants to slash Medicaid, Social Security disability, and food stamps in order to expand the military and give the rich and corporations big tax cuts.

There’s a far better way to help balance the federal budget – cap tax expenditures.

The federal government is diverting hundreds of billions of tax dollars every year to help the wealthiest Americans become even wealthier through tax expenditures that are the equivalent of government handouts – allowing the wealthy to deduct or exclude from their taxable incomes large amounts of employer-provided health care, retirement savings, and mortgage interest.

These tax expenditures demand reform for three big reasons:

1. First, they are unfair. Middle and low-income workers don’t get from their employers nearly as much health insurance and retirement income as do corporate executives. Many get none at all. And their mortgages– if they have any– are usually much smaller, because they live in homes that don’t cost as much.

2. Second. these deductions and exclusions are nonsensical. Originally, they were put into the tax code to give people financial incentives to get health insurance, to save for retirement, and to buy a home. But the rich don’t need financial incentives to do these things because they’re … rich.

3. Finally these deductions and exclusions are hugely expensive. They cost hundreds of billions of dollars a year– $348 billion in 2015 alone– the lion’s share going to high income families.

Instead of wasting these billions on making the wealthy even wealthier, we should be using these resources to provide better healthcare, retirement security and affordable housing to low and middle-income households, including households of color, who are currently losing out.

There’s no reason why America’s wealthy should be able to deduct or exclude from their taxable incomes more than, say, $25,000 a year for employer-provided health care, retirement, and mortgage interest.

Limiting those deductions and exclusions would be rational, fiscally responsible, and fair. Unlike Trump and Republican budgets that want to slash Medicaid, Social Security disability, and food stamps.

vanityfair.com
Trump’s Tax Plan Would Be 23,500 Times Better for the Ultra-Rich than the Poor
Yes, really. It would also raise the deficit by $3.4 trillion.
By Bess Levin

It is instructive to recall the many instances in which the Republican Party, in a more dignified universe, might have been expected to disown Donald Trump. On the campaign trail, there was the infamous “grab ‘em by the p—y” fiasco. Since taking office, there have been a gobsmacking number of tweets that might have prompted concern for his mental state, like the one in which a sitting president, doing his best impression of a tween-age mean girl, attacked Mika Brzezinski and claimed she’d had a facelift because she was mean to him on TV; or when he baselessly accused the F.B.I. director he had fired of criminal activity, based on a botched Fox News segment; or when he went to the mat to defend his eldest son’s meeting with a Kremlin-linked lawyer after being promised damaging information about Hillary Clinton straight from the Russian government.

Of course, we all know why, against all odds, the G.O.P. has stood by 45: tax cuts. Yes, the prospect of shrinking the government while simultaneously transferring trillions to the rich takes precedence over potentially punishing the president for any unsavory campaign dealings with a foreign government. Especially when, as a new analysis of Trump’s proposed tax plan shows, said redistribution would be bigger and bolder than anything in Paul Ryan’s wildest dreams.

According to the Tax Policy Center, the cuts that Team Trump included in their bullet-point outline last April could result in a loss of revenue between $3.4 trillion and $7.8 trillion over 10 years. To whom will those benefits go? We’ll give you two guesses, but you’ll only need one.

I hate the question “how do you pay for a tax cut of X dollars?”

It’s a not-so-subtle warping of what taxes represent. Cutting taxes doesn’t cost American taxpayers anything. Less taxes for you and I means more money in our pockets for our immediate, short-term needs. Cutting taxes will curtail the amount of revenue the State can generate to pay for its [largely] unnecessary programs.

Thus the question should be posed “how will the State pay for Y program if it can’t take this money from people?” 

Framing the question this way brings to our attention the sheer immensity of expenses by the State. It draws attention to just how bloated our noble bureaucracy has become. It forces us to consider where that money is going and asks us to reconcile exactly how we’re going to justify leaving future generations with insurmountable debt.

List of Presidential cats

* Tabby, Dixie - Abraham Lincoln
* Piccolomini, Siam, Miss Pussy - Rutherford B. Hayes
* Valeriano Weyler, Enrique DeLome - William McKinley
* Tom Quartz, Slippers - Theodore Roosevelt
* Puffins - Woodrow Wilson
* Smoky (bobcat), Tiger (house cat), Tax Reduction, Budget Bureau (lion cubs) - Calvin Coolidge
* Tom Kitten - John F. Kennedy
* Shan - Gerald Ford
* Misty Malarky Ying Yang - Jimmy Carter
* Socks - Bill Clinton
* India “Willie” - George W. Bush

Martin van Buren also briefly owned two tiger cubs gifted by the Sultan of Oman before Congress forced van Buren to donate them to a zoo.

Be Careful (Part 3)

Prompt: Being the wife of Tom, who is a politician, while having an affair with Bill, who is a leader of an anti-government group and is planning to assassinate Tom. (courtesy of @theartofimagining13)

Warnings: language, sex/smut, talk of murder…Think House of Cards, and you’re golden.

Word Count: 534

Notes: Beta’d by the perfect @like-a-bag-of-potatoes… This is rather different from what I usually do, so feedback would be nice : ) It’s a drabble series, btw. Inspired by the T Swift Song: I Did Something Bad

~~~~~~~~~

“Oh, god, yes. Fuck…” you nearly groaned as Tom thrust in between your legs. “Right there….Right there.” After a couple more thrusts deep within you, both of you came tumbling down, the euphoria making your head dizzy.

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