I've also been told I have little tact, so if this offends you simply ride on.

Friday, November 3, 2017

Republican Tax Charade

Well, today is day 3 of a 6 day stretch, then I have 2 days off in a row, and it's less than 2 weeks until my surgery.  I can't wait.  This morning I planned to put a half an hour on the bike (doesn't effect my core muscles... much) and discovered there was a firmware update.  They always take a while, so there was no ride today.
The Republicans released their fake tax overhaul yesterday and surprise, surprise, people are already saying it's pro-rich.  Oh, and in case you're wondering, approval for this sorry mess is relegated to core Republicans.  They will never learn.  They love Trickle Down economics because they get to give tax breaks to their wealthiest donors who don't use it to create more jobs.  Nope, they bank it, or plop it into safe investments.  As a co-worker of mine said, the rich are not going to suddenly increase their spending because they get a tax break.  They're not going to look for a start-up and say, "hey, the odds of you succeeding are poor, but let me give you money to hire people anyway."
They are saying that the average family should pay about $1860 less a year, which breaks down to around $36 per week.  Now I'm sure that Idiot Jerk supports are ecstatic about that figure since for them it's about... oh, 6 or 7 cases of beer (they only buy the good stuff, you know?).  The single personal deduction goes from $6000 to $12,000, and that sounds good... except you lose a $4700 personal exemption, which means you only get about a $1300 deduction increase.  This is the line item that's going to effect most single people.  However, if you look at least year's tax charts that $1300 deduction will net you about... a $360 tax break, or about $7 per week. Wow!
If you happen to be a single homeowner who itemizes, you can still deduct you mortgage interest, but not you state and local taxes (which includes school and property taxes).  That's a big chunk of change you can no longer deduct.  For me, here in Central Pa, that's a $4500 deduction I'm going to lose.  Oops, there it goes.
Anyway, I'm not really concerned about this tax charade.  Remember, we're dealing with the 'do-nothing party' here.  They always make a big 'to do' about their legislation and then it falls flat.  Expect nothing.
Oh, and the Idiot Jerk is leaving for Asia.  My guess would be they're terrified that the North Koreans are going to shoot off one of their long range missiles while he's there.  Oops, there he goes.


  1. maybe he can stay there and not come back?

    1. I suspect they're already telling him to not let the door hit him in the ass on his way out.