Inflation Reduction Act

#52
#52
**** like this is how we trip our way into an argument for UBI. Unchecked government money printer causes inflation, goverment prints more money to help combat inflation, causes more inflation, more checks needed, etc. Now you’ve laid the basis for UBI, prices are so out of whack the average American needs Uncle Sam’s help just to make due. Austerity is never the answer, more money will solve the problem.
 
  • Like
Reactions: LouderVol, Vol737, McDad and 2 others
#53
#53
DancingOutlaw said:
**** like this is how we trip our way into an argument for UBI. Unchecked government money printer causes inflation, goverment prints more money to help combat inflation, causes more inflation, more checks needed, etc. Now you’ve laid the basis for UBI, prices are so out of whack the average American needs Uncle Sam’s help just to make due. Austerity is never the answer, more money will solve the problem.
Click to expand...

No different than how we got food stamps. Government created a problem and then tried to solve it through printing more money
 
  • Like
Reactions: LouderVol, Vol737, Carl Pickens and 2 others
#54
#54
K-town Vol Fan said:
Maybe, maybe not. If it is it'll be because of the disaster Trump created. Same thing that happened to Obama.
Click to expand...


I don't blame yall for not reading this post at all/til the end ...as he is notoriously backwards on all things political...BUT...

Obama?

That moron was the Momjeans in Chief for 8 years man!!! 8 terrible years of him WITH Dimwit control of the legislature to pass whatever he wanted.....he still circumvented the entire law making branch when he couldnt MAKE them do his will with " A pen and a phone"....wrote record amounts of executive orders ....gave this country such gems as Obamacare and Obamaphones...and YOU are seriously trying to blame GWBush for that losers presidency???

Bwahahahahahahahahahahah!!!!

Trump will live rent free forever in you and Luthers domepieces...i get that. He did manage to undo nearly all of the damage from Obama though by systematically repealing every garbage decision that Barry made. 1 of Trumps few redeeming qualities.

Btw...most of us here, vast majority hope that Trump either sits out or loses in the primary to someone else. Nikki Haley...DeSantis....Abbott....any of those 3 will BOATRACE anyone on the list of Dimwit nominees. Maybe even close to Reagan levels of landslide.

The Dimwits have lost their damn minds and gone waaaaay out left. All this woke gay identity politics crap has isolated too many moderates from the Dim party. They will have to come back center or be defeated repeatedly
 
  • Like
Reactions: Megatron88, TennSam, dovervolz and 3 others
#56
#56
Manchin deal would Bring Back Canceled Offshore Lease Sales

The reconciliation deal struck between Sen. Joe Manchin (D-WV) and Majority Leader Chuck Schumer (D-NY) would revive three recently canceled offshore oil and gas lease sales, a tough concession to make for Democrats who are hawkish on climate change and want to end the program altogether.

Manchin deal would bring back canceled offshore lease sales
 
#57
#57
Sen. Joe Manchin (D-WV) called a last-minute audible and struck a deal with Chuck Schumer on a new spending bill. The legislation's core will raise taxes as the nation braces for an economic recession. It's a compromise bill. It's shaky. Manchin could back out if the energy and climate change provisions are too insane (via Associated Press):

Yet, I forgot about Ms. Sinema. Sen. Kyrsten Sinema (D-AZ) is the other wild card whenever Democrats want to do something massive. Frequently, Manchin and Sinema are the two who prevent the Democrats from passing radical bills. She's also a woman who will kowtow to no one, especially Schumer. She will go on her way; it's best for one just to stand clear. Sinema was not part of the talks between Schumer and Manchin.

She's a big question mark because, as of now, this bill is not home-free. If Sinema opposes it, it's dead in the water. Leaving her out of the negotiations was quite a gamble (via Axios):
 
#62
#62
Ernest T. Vol said:
They intend to tax corporate book income based on GAAP not taxable income based on existing tax law. Yea...its that stupid.
Click to expand...

I am not knowledgeable on these financials so had to do some research.
I have been hearing some chatter about personal taxes being accessed on own's wealth, not income.
Do you see any correlation and maybe this is more a pathway to a personal wealth tax?
 
#66
#66
DancingOutlaw said:
**** like this is how we trip our way into an argument for UBI. Unchecked government money printer causes inflation, goverment prints more money to help combat inflation, causes more inflation, more checks needed, etc. Now you’ve laid the basis for UBI, prices are so out of whack the average American needs Uncle Sam’s help just to make due. Austerity is never the answer, more money will solve the problem.
Click to expand...
Austerity is on the table if you mean "We the People". The govt will be fine, but it will be the people that will be asked to make sacrifices. That's how that will work.
 
  • Like
Reactions: TennSam, marcusluvsvols, Vol737 and 1 other person
#67
#67
marcusluvsvols said:
Btw...most of us here, vast majority hope that Trump either sits out or loses in the primary to someone else. Nikki Haley...DeSantis....Abbott....any of those 3 will BOATRACE anyone on the list of Dimwit nominees. Maybe even close to Reagan levels of landslide.
Click to expand...
Trump and DeSantis are the only real options out there. Abbott seems to be a RINO and Nikki Haley is a crazy neocon warhawk.
 
#68
#68
Screen Shot 2022-07-28 at 5.34.39 AM.png

Higher taxes..awesome
So 288B for Prescription Reform has been sitting out there for how long?
The IRS not been doing their job?
An interest Loophole? Sounds so DCish
I am sure their estimations are as accurate as a LG prediction as well.

And dont forget the 54B Chip Bill this week. Good job fellas.
 
  • Like
Reactions: StarRaider
#69
#69
Orangeburst said:
View attachment 475896

Higher taxes..awesome
So 288B for Prescription Reform has been sitting out there for how long?
The IRS not been doing their job?
An interest Loophole? Sounds so DCish
I am sure their estimations are as accurate as a LG prediction as well.

And dont forget the 54B Chip Bill this week. Good job fellas.
Click to expand...
Something does need to be done about the chips. That's a national security issue. I'd look to convince the companies in Taiwan to manufacture here and send the workers too. We are currently in Cold War II
 
  • Like
Reactions: tntar heel and Godfatha
#70
#70
marcusluvsvols said:
I don't blame yall for not reading this post at all/til the end ...as he is notoriously backwards on all things political...BUT...

Obama?

That moron was the Momjeans in Chief for 8 years man!!! 8 terrible years of him WITH Dimwit control of the legislature to pass whatever he wanted.....he still circumvented the entire law making branch when he couldnt MAKE them do his will with " A pen and a phone"....wrote record amounts of executive orders ....gave this country such gems as Obamacare and Obamaphones...and YOU are seriously trying to blame GWBush for that losers presidency???

Bwahahahahahahahahahahah!!!!

Trump will live rent free forever in you and Luthers domepieces...i get that. He did manage to undo nearly all of the damage from Obama though by systematically repealing every garbage decision that Barry made. 1 of Trumps few redeeming qualities.

Btw...most of us here, vast majority hope that Trump either sits out or loses in the primary to someone else. Nikki Haley...DeSantis....Abbott....any of those 3 will BOATRACE anyone on the list of Dimwit nominees. Maybe even close to Reagan levels of landslide.

The Dimwits have lost their damn minds and gone waaaaay out left. All this woke gay identity politics crap has isolated too many moderates from the Dim party. They will have to come back center or be defeated repeatedly
Click to expand...
Triggered
 
#72
#72
It’s weird...it’s almost as if increased taxes (increases cost of goods), debasing your currency (printing more money), supply chain issues, increased regulation (increased cost of goods), war on energy, and $15/hour minimum wage (increased cost of goods again) causes inflation to increase.
 
  • Like
Reactions: el Jeffe and tntar heel
#74
#74
Orangeburst said:
I am not knowledgeable on these financials so had to do some research.
I have been hearing some chatter about personal taxes being accessed on own's wealth, not income.
Do you see any correlation and maybe this is more a pathway to a personal wealth tax?
Click to expand...

Not about personal wealth. This is primarily about dems wanting to tax corps based on their financials. They simply see book profits being reported that are different than those on the filed tax returns. They don't understand a corporate tax return is an adjustment of the books in order to apply the tax law. A company has reporting rules to follow from the SEC and FASB that are not about tax. So, there are permanent and temporary differences between the accounting books and the tax return. A few simple examples, a corp would include in book income the interest from a public bond that is permanently excluded from taxable income. A corp's provision for income tax expense is a deduction on the books but not on the tax return (because taxes are not deductible for taxes). Essentially, the democrats are saying they want to disregard all existing tax law, they wrote, which would stupidly allow other entitles outside the law to define "taxable income".
 
  • Like
Reactions: marcusluvsvols, tntar heel, Orangeburst and 1 other person
#75
#75
McDad said:
It's gonna depend on your definition of not many.

I can think of 6+ people off the top of my heads who blasted the blowhard on borrowing/ spending.
Click to expand...
Yet still supported him for a second term in which he promised to spend more. Actions vs words
 
New posts
You must log in or register to reply here.

VN Store



Back
Top