1. #2001
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    Re: The Shining City Upon a Hill

    When President Biden unveiled his major new infrastructure plan last week, the proposal included much more than fixing crumbling bridges. And for those who wish America had a more robust passenger train network, it gave them something new: hope.

    Biden's $2 trillion infrastructure package has two provisions involving passenger rail: $85 billion to modernize public transit (commuter rail, buses, stations, etc.) and $80 billion to improve and expand the nation's passenger and freight rail network.

    "You and your family could travel coast to coast without a single tank of gas onboard a high-speed train," Biden said at the plan's unveiling.

    But the idea isn't just nice family trips — it's to use improved rail infrastructure and service to alleviate problems such as traffic and air pollution as well as improve access to jobs. Transportation is the largest source of U.S. greenhouse gas emissions.

    "The American Jobs Plan will build new rail corridors and transit lines, easing congestion, cutting pollution, slashing commute times, and opening up investment in communities that can be connected to the cities, and cities to the outskirts, where a lot of jobs are these days. It'll reduce the bottlenecks of commerce at our ports and our airports," Biden said.

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    Re: The Shining City Upon a Hill

    For parents whose children meet the requirements, the revised child tax credit -- with $3,000 for older children and $3,600 for younger kids -- may send you and your family money through the second half of 2021 and again in 2022. The IRS is still filling in the schedule for the CTC payments, but we already know the broad outlines, including who qualifies for the payments and how much they could receive.

    The temporary child tax credit payments are one piece of the federal government's effort to help families and individuals make it through the the ongoing pandemic, with the third round of stimulus checks, monthly unemployment money and health care and insurance savings all part of the March law.

  3. #2003
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    Re: The Shining City Upon a Hill

    Study: Tax Hikes to Cause 1 Million Job Losses by 2023

    WASHINGTON—New tax increases proposed by President Joe Biden would kill one million jobs and harm the economy, a new study released by the nation’s largest manufacturing association states.
    For manufacturers, the tax reform of 2017 was like “rocket fuel” and if the new administration rolls back those reforms, “manufacturing workers will lose out on jobs, growth, and raises,” according to Jay Timmons, president and CEO of the National Association of Manufacturers (NAM).
    “After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities,” Timmons said in a press release.
    “If we undo those reforms, all of that will be put at significant risk.”
    As a result of the tax cuts, U.S. manufacturers added 263,000 new jobs in 2018, according to the NAM, which was the best year for job creation in more than two decades.
    The study conducted by Rice University economists John W. Diamond and George R. Zodrow for the NAM examined the short- and long-term impacts of Biden’s tax plan.
    The study states that the proposed changes, including the increased corporate tax rate would cause one million job losses in the first two years. The average annual job losses would be 600,000 each year over 10 years and real wages would fall by 0.6 percent in the long run, according to the study.
    The implementation of these changes would also reduce gross domestic product by $117 billion and investment in equipment and structures by $80 billion in 2023, the study says.
    Diamond and Zodrow’s study analyzes the impact of undoing the tax cuts enacted in 2017 under the Tax Cuts and Jobs Act. The changes in the analysis included increasing the corporate tax rate to 28 percent, restoring the corporate Alternative Minimum Tax, removing expensing (100 percent bonus depreciation) of most investments in depreciable assets, and repealing the 20 percent deduction for certain pass-through business income immediately.
    The analysis examined also includes increasing the top individual income tax rate to 39.6 percent, and taxing capital gains and dividend income at ordinary rates for taxpayers with incomes above $1 million, and taxing unrealized capital gains at death.
    “The simulation results indicate that although such tax policy changes would raise significant amounts of revenues, these revenue increases would naturally have economic costs, and these costs increase with the size of the corporate income tax rate increase,” the researchers stated in the report.
    Opposition to a potential corporate tax hike is mounting, as business groups claim such a move would give other countries a clear advantage and harm blue-collar jobs.
    “The U.S. Chamber agrees with the Biden administration that there is a great need to invest in American infrastructure and that ‘inaction is simply not an option.’ However, that doesn’t mean we should proceed with tax hikes that will hurt American businesses and cost American jobs,” Neil Bradley, executive vice president at the U.S. Chamber of Commerce said in a statement on April 7.
    “Tax reform worked to improve a system that no one felt was working and struck a balance between the need for companies to be able to compete in the global economy while protecting the U.S. tax base,” he wrote.
    Raising the federal corporate tax rate to 28 percent from 21 percent is crucial for funding Biden’s $2.3 trillion infrastructure plan, called the American Jobs Plan. In addition, Biden’s plan would eliminate many special breaks, including both offshore and domestic. It also introduces a minimum tax of 15 percent on corporations’ book income.
    The left-leaning Institute on Taxation and Economic Policy (ITEP) described Biden’s tax plan as “a revolutionary change.”
    “It would end the spectacle of corporations earning huge profits for years while paying effective tax rates that are in the single digits if not zero. That alone would be worth celebrating,” Steve Wamhoff, director of federal tax policy at ITEP wrote in a blog.
    At least 55 of the largest U.S. corporations including Nike and FedEx avoided paying federal corporate income taxes in 2020 despite having substantial pretax profits in the United States, according to a recent study by the ITEP.
    Treasury Secretary Janet Yellen in her recent op-ed in the Wall Street Journal defended a corporate tax increase and claimed that the tax cuts of 2017 “put America at a disadvantage.”
    “The law creates an incentive for U.S. companies to offshore their workers and investments—and to shift their profits to tax havens,” she wrote on April 7.
    One of the key architects of the 2017 tax reform Rep. Kevin Brady (R-Texas) called Yellen’s op-ed “misguided” and “inaccurate.”
    In an interview with Fox Business on April 10, Brady said the tax cuts made American businesses more competitive both in the United States and abroad and also brought manufacturing back to the country.
    “In my view, their tax proposals coupled with what we’ve seen out of the Senate will trigger a second wave of U.S. companies moving their jobs and research overseas. Biden’s tax policy actually makes it better for a foreign company to operate in America, than an American company to operate here at home,” Brady said.
    “This policy is very dangerous to blue-collar workers.”

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    Re: The Shining City Upon a Hill


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    Re: The Shining City Upon a Hill


  6. #2006
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post

    That's a damn good question.

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post

    Many country has voter ID laws...all of the EU countries require an ID.

  8. #2008
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by BillyCarpenter View Post
    Many country has voter ID laws...all of the EU countries require an ID.

    that's strange .. our elites wanna be just like EU.... why in heavens name ..oh never mind I know why. they don't want another 'Trump' fixing what they fucked up.

  9. #2009
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    Re: The Shining City Upon a Hill

    The 'No Vaccine Passports Act' Has Officially Been Introduced in Congress

    Republican Rep. Andy Biggs of Arizona has introduced legislation that would ban the federal government from issuing so-called vaccine passports.
    Vaccine passports, and similar documents with other names, have been proposed as a way to allow operators of entertainment venues, offices and airlines to screen people wishing to gain admittance. The concept is that individuals would use an app on their phone that would show they had been vaccinated against the coronavirus in order to gain entry to an event or place.
    New York state is implementing what Democratic Gov. Andrew Cuomo has dubbed the Excelsior Pass, in which venues can scan a QR code to determine an individual’s vaccination status. Cuomo said the pass is designed to allow entertainment venues to safely reopen.

    A March 28 report from The Washington Post, however, implied the Biden administration favors the passport concept but is unwilling to create a system on its own.
    Biggs, the chairman of the House Freedom Caucus, wants to stop that idea before it starts.

    “I am profoundly disturbed that the Biden Administration would even consider imposing vaccine passports on the American people. My private healthcare decisions — and yours — are nobody else’s business. Vaccine passports will not help our nation recover from COVID-19; instead, they will simply impose more Big Brother surveillance on our society,” the congressman said in a Thursday news release.
    “I especially applaud Florida Governor Ron DeSantis for being an early leader against vaccine passports at the state level. My No Vaccine Passports Act builds on his efforts and will further protect Americans’ privacy rights and fundamental freedoms.”

    Republican Gov. DeSantis signed an executive order banning the use of vaccine passports in his state. Governors of other states, including Missouri and Kansas, have followed suit. Texas Republican Gov. Greg Abbott has also come out against the passport concept.
    Other prominent conservative figures similarly opposed the idea.




    Mike Pompeo



    @mikepompeo



    Requiring Americans to show proof of vaccination, or a ‘vaccine passport,’ in order to engage in society is outrageous and un-American. This isn’t about containing a virus, but is just another dangerous idea from the Left in their quest for more power and control.





    Kevin McCarthy




    @GOPLeader



    Thanks to the safe vaccines from Operation Warp Speed, we will defeat the virus. But forcing Americans to carry a "vaccine passport" to go about daily life is unacceptable in a free society. That's something you'd expect in Communist China. Not in the United States of America.

    The “No Vaccine Passports Act” proposed by Biggs says it is designed to “prohibit agencies from issuing vaccine passports.”
    “An agency may not issue a vaccine passport, vaccine pass, or other standardized documentation for the purpose of certifying the COVID- 19 vaccination status of a citizen of the United States to a third party, or otherwise publish or share any COVID-19 vaccination record of a citizen of the United States, or similar health information,” the legislation added.

    Proof of COVID-19 vaccination shall not be deemed a requirement for access to Federal property or Federal services, or for access to congressional grounds or services.”
    Scott Kirby, the CEO of United Airlines, said Thursday that when it comes to international travel, some form of documentation — whatever anyone wants to call it — will be required to prove vaccination status.
    “I am supportive of some kind of vaccine passport as a way to begin opening international borders,” Kirby said, according to The Hill.

    “My guess is we’re not going to wind up doing that domestically, and hopefully we’ll get close enough to herd immunity that we’re OK,” he said. “I don’t see it happening in the U.S.”
    The bill has 18 Republican cosponsors: Reps. Jeff Duncan of South Carolina, Greg Steube of Florida, Warren Davidson of Ohio, Ben Cline of Virginia, Yvette Herrell of New Mexico, Andy Harris of Maryland, Louie Gohmert of Texas, Russ Fulcher of Idaho, Chip Roy of Texas, Mary Miller of Illinois, Bill Posey of Florida, Ralph Norman of South Carolina, Madison Cawthorn of North Carolina, Marjorie Taylor Greene of Georgia, Ted Budd of North Carolina, Randy Weber of Texas, Scott Perry of Pennsylvania and Jody Hice of Georgia.

  10. #2010
    IT Manager 5,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by Phil B. View Post
    Study: Tax Hikes to Cause 1 Million Job Losses by 2023

    WASHINGTON—New tax increases proposed by President Joe Biden would kill one million jobs and harm the economy, a new study released by the nation’s largest manufacturing association states.
    For manufacturers, the tax reform of 2017 was like “rocket fuel” and if the new administration rolls back those reforms, “manufacturing workers will lose out on jobs, growth, and raises,” according to Jay Timmons, president and CEO of the National Association of Manufacturers (NAM).
    “After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities,” Timmons said in a press release.
    “If we undo those reforms, all of that will be put at significant risk.”
    As a result of the tax cuts, U.S. manufacturers added 263,000 new jobs in 2018, according to the NAM, which was the best year for job creation in more than two decades.
    The study conducted by Rice University economists John W. Diamond and George R. Zodrow for the NAM examined the short- and long-term impacts of Biden’s tax plan.
    The study states that the proposed changes, including the increased corporate tax rate would cause one million job losses in the first two years. The average annual job losses would be 600,000 each year over 10 years and real wages would fall by 0.6 percent in the long run, according to the study.
    The implementation of these changes would also reduce gross domestic product by $117 billion and investment in equipment and structures by $80 billion in 2023, the study says.
    Diamond and Zodrow’s study analyzes the impact of undoing the tax cuts enacted in 2017 under the Tax Cuts and Jobs Act. The changes in the analysis included increasing the corporate tax rate to 28 percent, restoring the corporate Alternative Minimum Tax, removing expensing (100 percent bonus depreciation) of most investments in depreciable assets, and repealing the 20 percent deduction for certain pass-through business income immediately.
    The analysis examined also includes increasing the top individual income tax rate to 39.6 percent, and taxing capital gains and dividend income at ordinary rates for taxpayers with incomes above $1 million, and taxing unrealized capital gains at death.
    “The simulation results indicate that although such tax policy changes would raise significant amounts of revenues, these revenue increases would naturally have economic costs, and these costs increase with the size of the corporate income tax rate increase,” the researchers stated in the report.
    Opposition to a potential corporate tax hike is mounting, as business groups claim such a move would give other countries a clear advantage and harm blue-collar jobs.
    “The U.S. Chamber agrees with the Biden administration that there is a great need to invest in American infrastructure and that ‘inaction is simply not an option.’ However, that doesn’t mean we should proceed with tax hikes that will hurt American businesses and cost American jobs,” Neil Bradley, executive vice president at the U.S. Chamber of Commerce said in a statement on April 7.
    “Tax reform worked to improve a system that no one felt was working and struck a balance between the need for companies to be able to compete in the global economy while protecting the U.S. tax base,” he wrote.
    Raising the federal corporate tax rate to 28 percent from 21 percent is crucial for funding Biden’s $2.3 trillion infrastructure plan, called the American Jobs Plan. In addition, Biden’s plan would eliminate many special breaks, including both offshore and domestic. It also introduces a minimum tax of 15 percent on corporations’ book income.
    The left-leaning Institute on Taxation and Economic Policy (ITEP) described Biden’s tax plan as “a revolutionary change.”
    “It would end the spectacle of corporations earning huge profits for years while paying effective tax rates that are in the single digits if not zero. That alone would be worth celebrating,” Steve Wamhoff, director of federal tax policy at ITEP wrote in a blog.
    At least 55 of the largest U.S. corporations including Nike and FedEx avoided paying federal corporate income taxes in 2020 despite having substantial pretax profits in the United States, according to a recent study by the ITEP.
    Treasury Secretary Janet Yellen in her recent op-ed in the Wall Street Journal defended a corporate tax increase and claimed that the tax cuts of 2017 “put America at a disadvantage.”
    “The law creates an incentive for U.S. companies to offshore their workers and investments—and to shift their profits to tax havens,” she wrote on April 7.
    One of the key architects of the 2017 tax reform Rep. Kevin Brady (R-Texas) called Yellen’s op-ed “misguided” and “inaccurate.”
    In an interview with Fox Business on April 10, Brady said the tax cuts made American businesses more competitive both in the United States and abroad and also brought manufacturing back to the country.
    “In my view, their tax proposals coupled with what we’ve seen out of the Senate will trigger a second wave of U.S. companies moving their jobs and research overseas. Biden’s tax policy actually makes it better for a foreign company to operate in America, than an American company to operate here at home,” Brady said.
    “This policy is very dangerous to blue-collar workers.”
    Thanks for pointing that out Phil how America getting screw by not taxing.

    Go get them JOE


    At least 55 of the largest U.S. corporations including Nike and FedEx avoided paying federal corporate income taxes in 2020 despite having substantial pretax profits in the United States, according to a recent study by the ITEP.
    Treasury Secretary Janet Yellen in her recent op-ed in the Wall Street Journal defended a corporate tax increase and claimed that the tax cuts of 2017 “put America at a disadvantage.”

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