President Donald Trump - J.D. Vance Administration

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www.consumerfinance.gov

CFPB Sues Capital One for Cheating Consumers Out of More Than $2 Billion in Interest Payments on Savings Accounts | Consumer Financial Protection Bureau

The CFPB sued Capital One for cheating millions of consumers out of more than $2 billion in interest.
www.consumerfinance.gov www.consumerfinance.gov

www.nbcnews.com

CFPB moves to drop suit accusing Capital One of cheating customers out of $2 billion

Under the Biden administration, the agency had accused the bank of misleading customers about savings account opportunities.
www.nbcnews.com www.nbcnews.com
 
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jwells said:
Deciding on needs, wants, and nice to haves literally is tax and spend policy.

Sorry man, the guy making 100M a year doesn't need a tax cut at the expense of some disabled person living on Social Security. If our budget isn't balanced, cutting funds for the latter to give cuts to the former is **** policy.

I'm literally talking only about the federal budget. Stop jumping to conclusions. I have no "desired social outcomes". It's just basic math.
Click to expand...
If you’re advocating for:

Taking money from those people because they “don’t need it”
-and-
Giving that money to these people because they “do need it”

You are 100% engaged in trying to drive social outcomes. In this case through the Federal Tax Code.
 
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jwells said:
In this budget. They wanna find "savings" so they cut entitlement programs to provide the "savings" for the needy.

I don't think taxes are a zero-sum game, but I think the GOP is putting on a show of being budget conscious, while really just raising the debt and hurting people who actually need the money to survive.
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I am in the camp of this is all a dog and pony show until I see some reduction of spending and a decent budget. History is on the side of those of us who don't expect any actual results on decreased spending.

Which brings me to another questions about how you think...if spending keeps increasing regardless of the "tough talk" are the needy every really denied services and programs? Is there any program for the needy which has been reduced over time?
 
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BeardedVol said:
Wonder how much it will cost the citizens of the states where they build their expansions?
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Probably much less than the impacts it will have economies and people's prosperity.

Look I distrust Trump. But posts like this just come off as an attempt to find any fault, any negative.

We need to bring manufacturing and industry back to America. Plenty to criticize Trump over, this ain't it.
 
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McDad said:
I am in the camp of this is all a dog and pony show until I see some reduction of spending and a decent budget. History is on the side of those of us who don't expect any actual results on decreased spending.

Which brings me to another questions about how you think...if spending keeps increasing regardless of the "tough talk" are the needy every really denied services and programs? Is there any program for the needy which has been reduced over time?
Click to expand...
For years, Medicare, Medicade, and SS have been untouchable...this administration is hellbent on finding "waste" to cut in them and has come up with an 880B number in Medicare/Medicaid that they need to find as "waste". The biggest risk now for poor/the elderly is that Medicare expansion is seemingly on the chopping block. If these funds are cut, many states have a trigger in their law to cut an equal amount.
In the case of the current tax break, it seems that everyone else is going to end up paying more so that the top can have a cut.

You hear them throw around "no tax on tips" "no tax on overtime" but that stuff's not in this current budget framework. More, if you drop taxes there, where's it made up? We've cut taxes for the wealthy....it might bring taxes for some back to baseline over what they'll be raised under the current plan...but where do you cut? Or is it just more deficit?

You can't just tax and spend more. You can't just lower taxes for some and spend less more. They need to act like adults and work together rather than budgeting their way to the 2026 midterms.
 
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85SugarVol said:
If you’re advocating for:

Taking money from those people because they “don’t need it”
-and-
Giving that money to these people because they “do need it”

You are 100% engaged in trying to drive social outcomes. In this case through the Federal Tax Code.
Click to expand...
If poor people working 40hr a week and needing money to not be homeless is a "social outcome" then sure. What's your criticism?
How about this: leave the rich alone and end subsidies for oil companies. If you make profit over $X and receive a subsidy, you need to return those excess profits to the government, as you really didn't need that taxpayer money.

We can figure this out, but it's not going to be through taxing the rich less, subsidizing corporations more, and not spending less. They can shift money around all they want, but at the end of the day, they're still heavily in a deficit.
 
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InVOLuntary said:
If you have a problem with it, I think that equals offended by it. Why do you see it as a bad thing? It obviously bothers you.
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I am not offended when someone says that 2+2=fish, but I do have a problem with it. I have a problem with it because I think its wrong, wrong as in the incorrect answer.

and in this case I have a problem with it because they got the "wrong answer" as public officials, in a public situation.

I laid out why I think its wrong. They are government officials, not Joel Osteen. they should be focused on doing what is right for this country. not whatever is right for Trump to sell more bibles. even if the prayer is real they should be focused on appeasing their constituents, by finding real answers, which may not appease whatever they were praying to/for.

I have no issue with the act of praying, but at best I believe its a situation of "the way to hell is paved with good intentions". our nation has suffered and suffered under the guise of politicians performing various virtue signaling while the real issues don't get addressed. If we were actually in a good spot, or at the very least taking big steps forward, I would be far more accepting. Now I just want them to "shut up and dribble".

faith wise, I find Matthew 6 particularly relevant to this situation.
 
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jwells said:
Of course I'm not. We're talking as a percentage of income. I'm not arguing about actual dollars, but the effective rates. And while the "rich" pay 35%-ish, the mega-rich are paying basically nothing due to loopholes in how they utilize loans leveraged against assets rather than actual income. That's worth fixing.

Re rates: it's like 30% lower than the peak.

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issue is the poor are paying nothing because of other loopholes. the entire idea of a weighted tax system relies on loopholes.

and my understanding is that everyone's effective tax rate is down. that doesn't challenge the fact that the top 1% are already paying 90% of the total.

no one should care what actual rate anyone else is paying. you are just virtue signalling there. because there will never be "enough". we could be taxing those rich people at 75% effective tax rate, and there would still be people clamoring to take more.

The poor want more, or at least, the same benefits during higher inflation; while they don't pay any more; and always expect the rich to make up the difference. that's the problem.
 
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jwells said:
If poor people working 40hr a week and needing money to not be homeless is a "social outcome" then sure. What's your criticism?
How about this: leave the rich alone and end subsidies for oil companies. If you make profit over $X and receive a subsidy, you need to return those excess profits to the government, as you really didn't need that taxpayer money.

We can figure this out, but it's not going to be through taxing the rich less, subsidizing corporations more, and not spending less. They can shift money around all they want, but at the end of the day, they're still heavily in a deficit.
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the criticism is, why is it society's problem if an individuals standard of living has gone up?

40hrs is a relatively new phenomenon. and it came about in a time that didn't require health insurance, car insurance, home insurance. where there were no subscriptions, no cell phones, probably no AC, and a thousand other things. when government red tape wasn't adding 30-40% to the cost of everything BEFORE taxes. people could afford to live off of 40hrs at an 'entry' job because times were simpler.

if there were people struggling to make ends meet who were living a life under those OLD conditions, you may have a point.

I have volunteered around homeless who complained their government provided phone wasn't the newest model, while mine was going on 5 or 6 models behind. I have been in grocery stores with people complaining about not having enough EBT to pay for groceries, but they made sure they still had their smokes, 8 cases of diet soda, halloween sized bags of candy, to take out to their Escalade.

we are the only nation in the WORLD where our homeless have an obesity issue. they clearly aren't suffering like they would in the third world.

the issue is priorities, and what people are willing to accept; its not an issue of the majority of them being wronged to a degree that society owes them a lifestyle that meets their arbitrarily high standard.
 
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KB5252 said:
Probably much less than the impacts it will have economies and people's prosperity.

Look I distrust Trump. But posts like this just come off as an attempt to find any fault, any negative.

We need to bring manufacturing and industry back to America. Plenty to criticize Trump over, this ain't it.
Click to expand...

It's all fine and dandy to bring back manufacturing to the US, but if state and local governments are having to raise taxes on their citizens or increase their own deficits subsidize those companies through tax breaks, then what's the point? You have a manufacturing plant that will stay in operation as long as the local authorities keep giving them tax breaks, and the citizenry gets to foot the bill for the subsidy, or they threaten to move that manufacturing to another of their plants and shutdown operations unless the subsidies continue.

Ell Lilly had a 2024 revenue of $45 billion, why should they be receiving any government subsidy?
 
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LouderVol said:
I am not offended when someone says that 2+2=fish, but I do have a problem with it. I have a problem with it because I think its wrong, wrong as in the incorrect answer.

and in this case I have a problem with it because they got the "wrong answer" as public officials, in a public situation.

I laid out why I think its wrong. They are government officials, not Joel Osteen. they should be focused on doing what is right for this country. not whatever is right for Trump to sell more bibles. even if the prayer is real they should be focused on appeasing their constituents, by finding real answers, which may not appease whatever they were praying to/for.

I have no issue with the act of praying, but at best I believe its a situation of "the way to hell is paved with good intentions". our nation has suffered and suffered under the guise of politicians performing various virtue signaling while the real issues don't get addressed. If we were actually in a good spot, or at the very least taking big steps forward, I would be far more accepting. Now I just want them to "shut up and dribble".

faith wise, I find Matthew 6 particularly relevant to this situation.
Click to expand...
The problem is you are judging. You are convinced with zero evidence to back up that they are virtue signaling and not genuine. That's sinful in itself. You have no idea whether they are sincere. Your are speculating because you dislike the people doing the praying.
 
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InVOLuntary said:
The problem is you are judging. You are convinced with zero evidence to back up that they are virtue signaling and not genuine. That's sinful in itself. You have no idea whether they are sincere. Your are speculating because you dislike the people doing the praying.
Click to expand...
even if its genuine its still virtue signalling. it serves no purpose, and is only done for their base.

I have plenty of evidence when it comes to Trump. I listen to him boast and lie on the regular. I have yet to hear him apologise, or ask anyone for forgiveness. He is on wife 3, having cheated on the first two. he constantly cheated people, and drug them to court when dealing with real estate and construction. I watched him be president his first term, turning the nation over to Fauci so he could go play golf while millions suffered. I watched him reject states returning to normal during Covid so he could have his big moment like a month later. I saw him have a press conference where he held a bible outside of a burned church. I have seen him selling Bibles.

I have zero evidence of him turning things around.
 
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jwells said:
For years, Medicare, Medicade, and SS have been untouchable...this administration is hellbent on finding "waste" to cut in them and has come up with an 880B number in Medicare/Medicaid that they need to find as "waste". The biggest risk now for poor/the elderly is that Medicare expansion is seemingly on the chopping block. If these funds are cut, many states have a trigger in their law to cut an equal amount.
In the case of the current tax break, it seems that everyone else is going to end up paying more so that the top can have a cut.

You hear them throw around "no tax on tips" "no tax on overtime" but that stuff's not in this current budget framework. More, if you drop taxes there, where's it made up? We've cut taxes for the wealthy....it might bring taxes for some back to baseline over what they'll be raised under the current plan...but where do you cut? Or is it just more deficit?

You can't just tax and spend more. You can't just lower taxes for some and spend less more. They need to act like adults and work together rather than budgeting their way to the 2026 midterms.
Click to expand...
we just got finished agreeing with each other that what politicians say and what they do are not the same when it comes to reduced spending.

Why do you trust them when they are talking about cuts to medicaid and medicare?

If they only cut legitimate waste, that wouldn't necessarily mean a denial of legitimate services, would it?
 
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LouderVol said:
even if its genuine its still virtue signalling. it serves no purpose, and is only done for their base.

I have plenty of evidence when it comes to Trump. I listen to him boast and lie on the regular. I have yet to hear him apologise, or ask anyone for forgiveness. He is on wife 3, having cheated on the first two. he constantly cheated people, and drug them to court when dealing with real estate and construction. I watched him be president his first term, turning the nation over to Fauci so he could go play golf while millions suffered. I watched him reject states returning to normal during Covid so he could have his big moment like a month later. I saw him have a press conference where he held a bible outside of a burned church. I have seen him selling Bibles.

I have zero evidence of him turning things around.
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Lol, again, you're making an assumption. I'm still having a hard time with a libertarian having an issue with someone praying. Unless you're just pissed that it's Trump and his team. And if that's the case then you are saying he any politician should not express their faith. That's a you problem.
 
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jwells said:
If poor people working 40hr a week and needing money to not be homeless is a "social outcome" then sure. What's your criticism?
How about this: leave the rich alone and end subsidies for oil companies. If you make profit over $X and receive a subsidy, you need to return those excess profits to the government, as you really didn't need that taxpayer money.

We can figure this out, but it's not going to be through taxing the rich less, subsidizing corporations more, and not spending less. They can shift money around all they want, but at the end of the day, they're still heavily in a deficit.
Click to expand...
Of course it’s an engineered social outcome. Glad to see you could finally get around to admitting that (even if it took some pulling).

The problem is that the Federal Tax Code is not for engineering social outcomes.
It’s for funding the Federal Government.

You’ve come to the wrong shop if you’re looking for a defense of subsidies.

We do not have a Revenue problem. Far from it.
We have an out of control Spending problem.
 
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