Beneficiaries of the the new budget bill

575 Views | 11 Replies | Last: 7 mo ago by bearister
SBGold
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https://www.cnn.com/2025/05/21/business/billionaire-tax-cut-trump

MAGAts love to screw over middle America

VOTE BLUE

Go Bears Forever
bearister
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….but those guys are all getting f@ucked because they pay the lion-share of all income taxes paid!
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wifeisafurd
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Another is blue state (lower tax) state economies as the cost of a higher SALT deduction is ending PTET thereby substantially taxing higher tax economies more.
wifeisafurd
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SBGold said:

https://www.cnn.com/2025/05/21/business/billionaire-tax-cut-trump

MAGAts love to screw over middle America

VOTE BLUE

Go Bears Forever
I suggest the poster of the OP take a good close look at Berarister's sarcastic post.

It is like we are constantly back to stupidity from journalists with this poster. Here is a hint, those guys in the article don't pay much income tax anyway, since we tax income, not wealth, and they manage to use tax planning to avoid incurring taxable income.. The lack of understanding basic financial fundamentals is understandable in some journalism major from the College of New Jersey, but from a Cal grad it is an embarrassment, especially since people have tried to explain a million times to the poster of the OP, that people that don't pay much in income taxes, don't save much money when their tax burden is reduced.

bearister
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You realize no one buys your bullsh@it, yeah?

How about a lecture on the flat tax.
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wifeisafurd
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bearister said:

You realize no one buys your bullsh@it, yeah?

How about a lecture on the flat tax.
Some when did you become a supporter of billionaires paying no income taxes?
concordtom
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wifeisafurd said:

SBGold said:

https://www.cnn.com/2025/05/21/business/billionaire-tax-cut-trump

MAGAts love to screw over middle America

VOTE BLUE

Go Bears Forever
I suggest the poster of the OP take a good close look at Berarister's sarcastic post.

It is like we are constantly back to stupidity from journalists with this poster. Here is a hint, those guys in the article don't pay much income tax anyway, since we tax income, not wealth, and they manage to use tax planning to avoid incurring taxable income.. The lack of understanding basic financial fundamentals is understandable in some journalism major from the College of New Jersey, but from a Cal grad it is an embarrassment, especially since people have tried to explain a million times to the poster of the OP, that people that don't pay much in income taxes, don't save much money when their tax burden is reduced.




So then you support a Wealth Tax?
concordtom
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Eastern Oregon Bear
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concordtom said:


OK, that was weird and unexpected. Joe Pesci as Trump? I can see Trump still holding a grudge against Sesame Street and PBS over it 30 years later. He doesn't forgive and forget.
bearister
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"Hidden inside their Big Ugly Bill is a provision intended to block the courts from using contempt to enforce its orders. It reads:

"No court of the United States may use appropriated funds to enforce a contempt citation for failure to comply with an injunction or temporary restraining order if no security was given when the injunction or order was issued … "

Translated: no federal court may enforce a contempt citation.


The measure would make most existing injunctions in antitrust cases, police reform cases, school desegregation cases and others unenforceable.

Its only purpose is to weaken the power of the federal courts.

As Erwin Chemerinsky, UC Berkeley School of Law dean and distinguished professor of law, notes, this provision would eliminate any restraint on Trump.

"Without the contempt power, judicial orders are meaningless and can be ignored. There is no way to understand this except as a way to keep the Trump administration from being restrained when it violates the Constitution or otherwise breaks the law …

"This would be a stunning restriction on the power of the federal courts. The Supreme Court has long recognized that the contempt power is integral to the authority of the federal courts. Without the ability to enforce judicial orders, they are rendered mere advisory opinions which parties are free to disregard."

In other words, with this single measure, Trump will have crowned himself king.

If it is enacted, no Congress and no court could stop him.
Even if a future Congress were to try, it could not do so without the power of the courts to enforce their hearings, investigations, subpoenas and laws."
Robert Reich
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concordtom
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Eastern Oregon Bear said:

concordtom said:


OK, that was weird and unexpected. Joe Pesci as Trump? I can see Trump still holding a grudge against Sesame Street and PBS over it 30 years later. He doesn't forgive and forget.


Oh, you liked that, did you?
We'll get a load of this!!!

Sesame Street has been dragging Trump for a long time!!



Little did they know that they would be describing his future cabinet selection methodology!
bearister
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Mobster says James Caan once ordered a "Mafia style" beating of Joe Pesci over unpaid hotel bill
https://boingboing.net/2022/07/08/mobster-says-james-caan-once-ordered-a-mafia-style-beating-of-joe-pesci-over-unpaid-hotel-bill.html/amp
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