Presidential Election 2024

[drayer54]

This stuff is gold

 

[GATTACA!]

This stuff is gold

Gang gang

RIP Billy Conforto

 

[drayer54]

 

[TorontoGold]

You would think a top accounting firm would have something on it if it was true. Huh, I guess people don’t hate the media enough? RSM is no well sourced tweet I guess.

Kamala Harris’ economic agenda sheds some light on her tax policy priorities

Vice President Kamala Harris announced several tax proposals in an economic agenda that illuminates some of her tax policy priorities.

rsmus.com

 

[yankeehater]

You would think a top accounting firm would have something on it if it was true. Huh, I guess people don’t hate the media enough? RSM is no well sourced tweet I guess.

Kamala Harris’ economic agenda sheds some light on her tax policy priorities

Vice President Kamala Harris announced several tax proposals in an economic agenda that illuminates some of her tax policy priorities.

rsmus.com

Probably because that is what house democrats proposed a mere three years ago. Guessing if they take the white house, senate and house then it will be full steam ahead with their plan.

https://www.cnbc.com/2021/09/13/house-democrats-propose-hiking-capital-gains-tax-to-28point8percent-.html#:~:text=House%20Democrats%20propose%20raising%20capital%20gains%20tax%20to,couples%20at%20%24450%2C000%2C%20according%20to%20a%20Committee%20aide.

 

[NDVirginia19]

You would think a top accounting firm would have something on it if it was true. Huh, I guess people don’t hate the media enough? RSM is no well sourced tweet I guess.

Kamala Harris’ economic agenda sheds some light on her tax policy priorities

Vice President Kamala Harris announced several tax proposals in an economic agenda that illuminates some of her tax policy priorities.

rsmus.com

Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States

If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes of more than 50%.

www.forbes.com

Harris camp signals it backs Biden bid to raise taxes on wealthy, corporations

The vice president herself hasn’t shed light on how she’d pay for her economic plan. But her team has quietly embraced the outgoing president’s vision.

www.semafor.com

It’s in Biden’s tax plan, and Harris has endorsed Biden’s tax plan

 

[TorontoGold]

Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States

If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes of more than 50%.

www.forbes.com

Harris camp signals it backs Biden bid to raise taxes on wealthy, corporations

The vice president herself hasn’t shed light on how she’d pay for her economic plan. But her team has quietly embraced the outgoing president’s vision.

www.semafor.com

It’s in Biden’s tax plan, and Harris has endorsed Biden’s tax plan

Can you cite the actual policies on unrealized capital gains? I have read both of what you linked and did not see it. I am on my phone so maybe I skipped past it but I would have thought it would have its own separate article with how massive of a policy it would potentially be.

 

[NDMatt91]

Brings up an interesting point. I have a feeling IE as a whole is probably still dominated by a majority conservatives, but this Politics board in recent months feels somewhat closer to a 50/50 split lately. 4 years ago I don't think that was the case.

I think if the GOP had nominated DeSantis or Haley it would be closer to 2020. A lot of people, even those who lean and historically vote Republican, are tired of Trump, and by extension, Trump ass kissers (Vivek, Kari Lake, and now JD Vance). If Trump loses and in 2028 the GOP nominates one of Kemp/Youngkin/DeSantis/Haley you’ll see this board go back to seemingly mostly Republican.

 

[Polish Leppy 22]

lol I never made racist "accusatoins". I found it hilarious that you took up a theory parroted by a guy who wrote a book that said the Government was DEI/Woke/Buzzword to push banks to lend when they shouldn't have.

Those of us who actually studied economics and literally studied this very event in-depth, laugh at that notion. You would have never had as great of a collapse as it was if MBS' weren't given the greenlight (thanks Bill) and financial markets deregulated (under Reagan). But, yeah sure let's assume the Government forced the banks L-O-L.

Garbage. You threw in the term brown people in your post to make it look like my argument was focused on minorities getting mortgages, and that's nowhere near accurate to what I said. Pretty weak, even for you.

You said tax cuts and deregulation caused 2008. Didn't even mention the subprime mortgage portion of it. I had to remind you of that little tidbit. Talking about 2008 and omitting the mortgage crisis is like talking about WW2 and leaving out Pearl Harbor.

And I don't give a damn about your econ class or what you studied. You can't talk about 2008 without pointing to the banks going belly up because of all those mortgages many people shouldn't have been given. Lehman Brothers didn't file for bankruptcy because of freakin tax cuts. L O L

 

[NDVirginia19]

Can you cite the actual policies on unrealized capital gains? I have read both of what you linked and did not see it. I am on my phone so maybe I skipped past it but I would have thought it would have its own separate article with how massive of a policy it would potentially be.

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

Sure, thought you were discussing the proposed doubling of the capital gains tax

 

[NDVirginia19]

Is owning Three houses, charging $850K for speeches on Wall Street, and signing a $50M deal with Netflix taking more than you need?

 

[BleedBlueGold]

Kamala Harris Supports President Biden's 44.6% Capital Gains Tax Proposal

Vice President Kamala Harris has declared her support for President Joe Biden's 44.6% capital gains tax proposal.

watcher.guru

Sure, thought you were discussing the proposed doubling of the capital gains tax

Can you help me out with where exactly they list out this unrealized gains tax specifically? I've seen some websites mention it and then post links to sources, but when you click on the source link and do a search, there's no mention of it specifically. Highly possible that I'm just missing it. But I'm also wondering why more sites aren't talking about it if it is, in fact, part of a tax proposal. That would be pretty significant.

EDIT: Nevermind. I found Biden's proposal, which is what she's backing.

President Biden’s FY 2025 Budget Proposal: Details & Analysis

 

[RDU Irish]

Is owning Three houses, charging $850K for speeches on Wall Street, and signing a $50M deal with Netflix taking more than you need?

No that is called equity.

 

[RDU Irish]

Can you help me out with where exactly they list out this unrealized gains tax specifically? I've seen some websites mention it and then post links to sources, but when you click on the source link and do a search, there's no mention of it specifically. Highly possible that I'm just missing it. But I'm also wondering why more sites aren't talking about it if it is, in fact, part of a tax proposal. That would be pretty significant.

This is so impractical on so many levels I have a hard time believing it isn't opposition driven rhetoric..... but then again she is oblivious to the economic insanity of price controls so I probably shouldn't underestimate the stupidity of the DNC.

 

[NDVirginia19]

Can you help me out with where exactly they list out this unrealized gains tax specifically? I've seen some websites mention it and then post links to sources, but when you click on the source link and do a search, there's no mention of it specifically. Highly possible that I'm just missing it. But I'm also wondering why more sites aren't talking about it if it is, in fact, part of a tax proposal. That would be pretty significant.

Plenty of people are talking about it. Here's another source Biden budget targets corporate minimum tax, executive comp | Grant Thornton

Taking the language from the President's Budget for 2025 itself, it seems like it is discussed here "Proposes a Minimum Tax on Billionaires. The tax code currently offers special treatment for the types of income that wealthy people enjoy. While the wages and salaries that everyday Americans earn are taxed as ordinary income, billionaires make their money in ways that are taxed at lower rates, and sometimes not taxed at all. This special treatment, combined with sophisticated tax planning and giant loopholes, allows many of the wealthiest Americans to pay lower rates on their full income than many middle-class households pay. To finally address this glaring inequity, the Budget includes a 25 percent minimum tax on the wealthiest 0.01 percent, those with wealth of more than $100 million."

And while that is just narrative speech, it appears that the actual legislation will tax the unrealized capital gains as apart of the way that billionaires make their money that is "not taxed at all".

 

[NDVirginia19]

This is so impractical on so many levels I have a hard time believing it isn't opposition driven rhetoric..... but then again she is oblivious to the economic insanity of price controls so I probably shouldn't underestimate the stupidity of the DNC.

A lot of the rhetoric coming from the left regarding this is "Well if you don't make $100M a year, why would you be worried about this" and they fail to realize the insanely bad effects of capital flight away from the US that we would see, as well as disincentivizing capital investment which would kill economic growth and development, which negatively affects everybody.

 

[RDU Irish]

Most of the extreme stuff is noise that requires legislative action - doesn't matter what the president will sign if it never gets on their desk. Rs aren't passing 100% abortion ban and Dems aren't passing a tax on unrealized capital gains. It is bizarre to me how devoted to killing babies Dems are - they seem to take joy in it.

Elon heading the Department of Government Efficiency is the best thing I saw this week. Cut half the head count, including military.

 

[BleedBlueGold]

I eventually found a link that broke it all down. Thanks.

And I agree, I'm not sure any of this ever gets through Congress, but the fact that it's even being proposed by a sitting POTUS as well as his assigned "heir apparent," is what makes me perk up a little.

 

[NDVirginia19]

Biden-Harris official called for 'queering nuclear weapons' in 2023 article

Sneha Nair joined the department in February as a special assistant in the National Nuclear Security Administration.

www.abc3340.com

ffs

 

[Jiggafini19Deux]

Is owning Three houses, charging $850K for speeches on Wall Street, and signing a $50M deal with Netflix taking more than you need?

"Markets."

 

[Jiggafini19Deux]

I think Trump has genuinely disgusted a lot of people. He’s hijacked the Republican Party and amplified every bad element. It’s like the tea party on crack. And watching people bend over backwards to defend an obvious con man is too much to stomach.

Personally I was much closer to lean R or R before he won. I had never voted for a democrat before 2020.

They're in Congress, scattered all over state legislatures (more important and more impactful) and school boards. When you look at how many Republicans have chosen not to seek re-election in Congress alone, it's going to make it awfully hard for them to somehow stuff this all back into the back and even get back to Tea Party level symptoms let alone Bush/Cheney.

You look at who is coming out of some of these primaries on Republican ballots in Federal and State races, it's clear that this element (as you call it) want to be heard and are not going to go away any time soon.

 

[ulukinatme]

Biden-Harris official called for 'queering nuclear weapons' in 2023 article

Sneha Nair joined the department in February as a special assistant in the National Nuclear Security Administration.

www.abc3340.com

ffs

I thought this was a Babylon Bee article for a moment.

Another fine, qualified hire by the Biden administration. Not everything is about minorities! This was such a preposterous take: “discrimination against queer people can undermine nuclear security and increase nuclear risk.”

Nuclear weapons don't discriminate against their targets, they nuke everyone equally.

On a related note, this isn't the time to talk about disarming our nuclear stockpile. We've been fighting a proxy war with Russia and they want to weaken us? If anything we should ramp up production and put the threat of direct conflict on the table so Putin actually has something to fear. What Biden has done so far has done nothing to deter him yet.

 

[drayer54]

 

[TorontoGold]

Garbage. You threw in the term brown people in your post to make it look like my argument was focused on minorities getting mortgages, and that's nowhere near accurate to what I said. Pretty weak, even for you.

You said tax cuts and deregulation caused 2008. Didn't even mention the subprime mortgage portion of it. I had to remind you of that little tidbit. Talking about 2008 and omitting the mortgage crisis is like talking about WW2 and leaving out Pearl Harbor.

And I don't give a damn about your econ class or what you studied. You can't talk about 2008 without pointing to the banks going belly up because of all those mortgages many people shouldn't have been given. Lehman Brothers didn't file for bankruptcy because of freakin tax cuts. L O L

lol you are so incredibly in your feelings, that you’ve started just throwing random things in there. Can you point to the post where I said brown people?

You came midway into a discussion about Reagan about his presidency. Like usual, you never actually post anything of substance just generic narratives. The only major figure pushing the idea that banks were being forced to lend to people is Thomas Sewell.

I did mention mortgages, but due to your surface level knowledge of economics I guess I’ll have to explain that MBS stands for mortgage backed security. Which I specifically said was mostly attributable to Clinton.

Trust me, I don’t need to remind you of what I studied, probably will just keep it to my coffee order in case I swing by your office to meet your bosses.

 

[drayer54]

It gets worse. Way worse. No wonder this administration is so bad.

 

[Irish#1]

Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States

If the Biden plan passes, there are 11 states where Americans subject to the new rules will face combined capital gain taxes of more than 50%.

www.forbes.com

Harris camp signals it backs Biden bid to raise taxes on wealthy, corporations

The vice president herself hasn’t shed light on how she’d pay for her economic plan. But her team has quietly embraced the outgoing president’s vision.

www.semafor.com

It’s in Biden’s tax plan, and Harris has endorsed Biden’s tax plan

Harris's game plan is pretty much a copy of Biden's.

A lot of the rhetoric coming from the left regarding this is "Well if you don't make $100M a year, why would you be worried about this" and they fail to realize the insanely bad effects of capital flight away from the US that we would see, as well as disincentivizing capital investment which would kill economic growth and development, which negatively affects everybody.

That's when you buy stocks of Temu. lol

 

[Irish#1]

It gets better.

 

[BleedBlueGold]

Pathological liars, bad actors, grossly incompetent at their jobs. Likely all three.

 

[Irish#1]

His comment at about the 2:10 mark is priceless.

 

[NDVirginia19]

Their paragon of government competence is toting Mayor Pete as some policy wonk who effectively rules, but the DOT has effectively failed at their biggest projects they've supported. 7.5B for charging stations, only to get 8 such stations built since the bill passed lmao.