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Joe Biden 2024 thread - Dark Brandon Where Art Thou?

StassneyHorn

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Longhorn94
Longhorn94

I was born in government housing. we were on food stamps for most of my childhood. I attended public schools where my breakfasts and lunches were paid for. I earned a scholarship to UT, a public schoo

mooseoutfront
mooseoutfront

I just can't imaging lamenting that my tax dollars are going to educating someone, or feeding someone, or providing them shelter, or taking care of their medical needs.  But I'm not a piece of shit, s

choripan
choripan

What Joe Biden just did is not easy. RBG couldn’t do it. Feinstein couldn’t do it. And their refusals made the country worse. This is a historic act of humility.   His presidency has b

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SydneyCarton

SydneyCarton 48240

Posted
Posted
1 hour ago, Incredulity said:

You honestly believe $24 per month makes a difference to people struggling to pay $2k in rent, put food on the table, …

 

 

seems tone def

Sounds like you’re advocating for universal basic income. 

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Walser

Walser 1110

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I'm going to play Devil's Advocate here...

Economic incentives don't always work the way we might mentally model them. What if a max of $8 of ends up providing an incentive to not pay on time and the result is a net negative? On time payment becomes less of a priority. There have been some interesting studies on this.

I'm all for the cumulative positive effects that Biden has amassed. During my lean ass years a quarter century ago $24 was very meaningful. So my gut feeling is to support this.

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DixonHur

DixonHur 11405

Posted
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2 hours ago, Incredulity said:

You honestly believe $24 per month makes a difference to people struggling to pay $2k in rent, put food on the table, …

 

 

seems tone def

 

9 minutes ago, jimmyjazz said:

Wait, $24 per month DOESN'T matter to those near the poverty line?  What?

Just to set the math record straight, it's not $24 per month.

$220 ÷ 12 = $18 and change.

Ok, carry on.

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Dutchrudder

Dutchrudder 11155

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5 hours ago, Incredulity said:

I’m sure you believe that

I can agree with you that this particular savings isn't a huge impact, but it's not something to complain about either. What did Trump and the Republicans ever do for those low/middle class families who you are "worried" about?  Do you think their tax cuts had a positive impact on those making less than 50k a year? 100k? Have you looked at the impact of the tax cuts since 2017?  There is tons of data about how it hasn't done anything for individuals and families, but has benefitted corporations significantly. Compound that with the inflation we encountered over the past few years, and they could probably use a proper tax break in the near future. 

Here are a couple of articles that were done pre-Covid, so the context is relevant to the typical years prior for comparison. This is who Republicans prioritize time and time again. Every time they get power they give huge tax cuts and bailouts to corporations, pay mouth service to "helping the middle class" and years later all we see is ungodly amounts of money going to corporations, who now get to fund the campaigns of those in power who make the rules. 

From CAP, good article on how only companies have benefited: https://www.americanprogress.org/article/tcja-2-years-later-corporations-not-workers-big-winners/

image.png.deb180aa9fbfce3ff01159f910befdb1.png

 

image.thumb.png.da87c968f2129b00db8eb6a9ed2f43ae.png

 

Brookings Institute: https://www.brookings.edu/articles/the-middle-class-needs-a-tax-cut-trump-didnt-give-it-to-them/

The 2017 tax law doesn’t help the middle class
The new tax law—known as the Tax Cuts and Jobs Act (TCJA)—will exacerbate this trend. The benefits of the law tilt toward the well-off both now and in the future, according to the distributional analysis of the Tax Policy Center. By 2027, benefits of the tax law flow entirely to the rich. (The Joint Committee on Taxation finds similar results using a different measure.)

image.png.756088598681312cb4d96a8e4af46909.png

 

This one is really something with a 5 year analysis on the impact of those tax cuts. 275 billion going back to companies via subsidies, and yet only 562 billion in collected taxes on 4 trillion in profits from this group of 342 corps. Insane.
https://itep.org/corporate-tax-avoidance-trump-tax-law/

The 342 companies included in this study paid an average effective income tax rate of just 14.1 percent during this five-year period, almost a third less than the statutory rate of 21 percent.
Of these, 55 (16 percent of the total 342 companies) paid effective rates of less than 5 percent. This is particularly striking given that all these companies were profitable for at least five years consecutively. Companies paying less than 5 percent include T-Mobile, DISH Network, Netflix, General Motors, AT&T, Bank of America, Citigroup, FedEx, Molson Coors, Nike, and many others.
Twenty-three corporations paid zero federal tax over the five-year period despite being profitable in every single year. And 109 corporations paid zero federal tax in at least one of the five years.
At the other end of the spectrum, 50 corporations paid effective tax rates of more than 21 percent, but most of these companies were also the beneficiaries of large tax breaks because they were paying taxes from previous years that they delayed using depreciation breaks.

image.png.bdf803a75a38997579db7b8569b8e04d.png

 

 

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'stache

'stache 21895

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Posted
3 hours ago, Incredulity said:

....congratulations.    He claims to be a great lover.

I mean, y’all are obsessed with his sons giant hog, you know damn well where he got that from. Even in his 80s he’s swingin’ that BDE.

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Incredulity

Incredulity 11684

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1 hour ago, 'stache said:

I mean, y’all are obsessed with his sons giant hog, you know damn well where he got that from. Even in his 80s he’s swingin’ that BDE.

Yes, I truly wish I could escape the nonstop right wing posters bringing up Hunter’s penis on the Surl. 

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Brisketexan

Brisketexan 105487

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Posted
5 minutes ago, Incredulity said:

Yes, I truly wish I could escape the nonstop right wing posters bringing up Hunter’s penis on the Surl. 

I know, right?  Such topics should be kept where they belong.....on posters shown by the dominant voices of the Republican Party in an open session of Congress.....that's just LEADERSHIP, that's what that is.

greene-biden-comp.jpg?quality=75&strip=a

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chainsaw

chainsaw 9892

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Posted
3 minutes ago, Brisketexan said:

I know, right?  Such topics should be kept where they belong.....on posters shown by the dominant voices of the Republican Party in an open session of Congress.....that's just LEADERSHIP, that's what that is.

greene-biden-comp.jpg?quality=75&strip=a

sounds like a law firm that has a great French benefits package.

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Brisketexan

Brisketexan 105487

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4 minutes ago, chainsaw said:

sounds like a law firm that has a great French benefits package.

See, that's just clumsy book keeping.  You don't just take the money out of the firm account to pay a prostitute directly.

No.  What you do is turn in a bunch of other legit expenses, then tack on at the end "miscellaneous tolls and tips: $2,000.00."  Then you get reimbursed for the money you spent on said tolls and tips/prostitute.  Duh.  

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Huckleberry

Huckleberry 33166

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On 3/5/2024 at 6:12 PM, Incredulity said:

You honestly believe $24 per month makes a difference to people struggling to pay $2k in rent, put food on the table, …

 

 

seems tone def

Incredulous that $24 could make a difference to anyone because he doesn't know anyone with a housing bill under $2k, calls the other side tone deaf.

Couldn't be any dumber if he tried. 

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Incredulity

Incredulity 11684

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Posted
1 hour ago, Huckleberry said:

Incredulous that $24 could make a difference to anyone because he doesn't know anyone with a housing bill under $2k, calls the other side tone deaf.

Couldn't be any dumber if he tried. 

Not what I said you condescending self-righteous prick

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Js1

Js1 85652

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Posted
1 hour ago, Huckleberry said:

Incredulous that $24 could make a difference to anyone because he doesn't know anyone with a housing bill under $2k, calls the other side tone deaf.

Couldn't be any dumber if he tried. 

Hey remember when the GOP was touting the benefits of the Trump Tax Cuts to the middle class?

image.thumb.png.fac57ff6f53b6670850a294e4102c3c0.png

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Hmbre97

Hmbre97 6333

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On 3/6/2024 at 1:42 AM, Dutchrudder said:

I can agree with you that this particular savings isn't a huge impact, but it's not something to complain about either. What did Trump and the Republicans ever do for those low/middle class families who you are "worried" about?  Do you think their tax cuts had a positive impact on those making less than 50k a year? 100k? Have you looked at the impact of the tax cuts since 2017?  There is tons of data about how it hasn't done anything for individuals and families, but has benefitted corporations significantly. Compound that with the inflation we encountered over the past few years, and they could probably use a proper tax break in the near future. 

Here are a couple of articles that were done pre-Covid, so the context is relevant to the typical years prior for comparison. This is who Republicans prioritize time and time again. Every time they get power they give huge tax cuts and bailouts to corporations, pay mouth service to "helping the middle class" and years later all we see is ungodly amounts of money going to corporations, who now get to fund the campaigns of those in power who make the rules. 

From CAP, good article on how only companies have benefited: https://www.americanprogress.org/article/tcja-2-years-later-corporations-not-workers-big-winners/

image.png.deb180aa9fbfce3ff01159f910befdb1.png

 

image.thumb.png.da87c968f2129b00db8eb6a9ed2f43ae.png

 

Brookings Institute: https://www.brookings.edu/articles/the-middle-class-needs-a-tax-cut-trump-didnt-give-it-to-them/

The 2017 tax law doesn’t help the middle class
The new tax law—known as the Tax Cuts and Jobs Act (TCJA)—will exacerbate this trend. The benefits of the law tilt toward the well-off both now and in the future, according to the distributional analysis of the Tax Policy Center. By 2027, benefits of the tax law flow entirely to the rich. (The Joint Committee on Taxation finds similar results using a different measure.)

image.png.756088598681312cb4d96a8e4af46909.png

 

This one is really something with a 5 year analysis on the impact of those tax cuts. 275 billion going back to companies via subsidies, and yet only 562 billion in collected taxes on 4 trillion in profits from this group of 342 corps. Insane.
https://itep.org/corporate-tax-avoidance-trump-tax-law/

The 342 companies included in this study paid an average effective income tax rate of just 14.1 percent during this five-year period, almost a third less than the statutory rate of 21 percent.
Of these, 55 (16 percent of the total 342 companies) paid effective rates of less than 5 percent. This is particularly striking given that all these companies were profitable for at least five years consecutively. Companies paying less than 5 percent include T-Mobile, DISH Network, Netflix, General Motors, AT&T, Bank of America, Citigroup, FedEx, Molson Coors, Nike, and many others.
Twenty-three corporations paid zero federal tax over the five-year period despite being profitable in every single year. And 109 corporations paid zero federal tax in at least one of the five years.
At the other end of the spectrum, 50 corporations paid effective tax rates of more than 21 percent, but most of these companies were also the beneficiaries of large tax breaks because they were paying taxes from previous years that they delayed using depreciation breaks.

image.png.bdf803a75a38997579db7b8569b8e04d.png

 

 

What?!? The GOP tax cuts only benefited corporations and the wealthy?!

image.png.a9aa7b55c1ee6bdd4a5da98461681b6b.png

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Voldemort86

Voldemort86 2259

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9 hours ago, Js1 said:

Hey remember when the GOP was touting the benefits of the Trump Tax Cuts to the middle class?

image.thumb.png.fac57ff6f53b6670850a294e4102c3c0.png

These are the stubbornly idiotic MAGA voters who come from a modest or average background ( nothing wrong with this), however they vote for policies which only help millionaires and billionaires.

Deep down they probably know they’re getting screwed but they blindly believe that if the rich guys are happy than everyone else will be happy and it will trickle down to the commoners. 
 

Banks in the Cayman Islands are the reason trickle down doesn’t exist. The rich folks take their tax cut bounties, pocket them, move them into offshore accounts asap and the “tax cut” never stimulates or helps the economy in any meaningful way.

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Js1

Js1 85652

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Biden team brings in $10 million in the 24 hours after the State of the Union

First to NBC News: The financial haul dwarfs some of the president’s biggest fundraising days in 2023, before his rematch with Donald Trump was set.
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troph

troph 24916

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Posted
On 3/8/2024 at 4:09 PM, Js1 said:

Hey remember when the GOP was touting the benefits of the Trump Tax Cuts to the middle class?

image.thumb.png.fac57ff6f53b6670850a294e4102c3c0.png

Who da actual fuck brags about $1.50 per week in a multi trillion dollar tax cut? 

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DixonHur

DixonHur 11405

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Posted
14 minutes ago, StassneyHorn said:

US Achieves Energy Independence For First Time in 40 Years

https://www.newsweek.com/us-energy-independence-first-time-40-years-1878729
 

Allow me to be the first to congratulate Joe Biden on molding, crafting, harnessing, building, and unleashing the greatest economy ever witnessed by mankind.

Fake news.... but did you hear about the Biden caravans.  

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