Trump ends stimulus legislation talks, Powell says significant risks to economy without stimulus . . .
- Thread starter Sope Creek
- Start date
Trump probably has you in his spin room next week 10 of the 12 states most dependent on Fed money are red, 1 is purple. Kentucky is #2. I suspect for much more than a generation Kentucky has brought in more than they pay out. Why have they been unable to invest that largesse in such a way to allow them to start paying out? Same for Mississippi? The feds hand them all this money (or their people, both are ranked in a table), what does the nation have for all that investment?
Most & Least Federally Dependent States in 2024
Most & Least Federally Dependent States in 2024
Trump probably has you in his spin room next week 10 of the 12 states most dependent on Fed money are red, 1 is purple. Kentucky is #2. I suspect for much more than a generation Kentucky has brought in more than they pay out. Why have they been unable to invest that largesse in such a way to allow them to start paying out? Same for Mississippi? The feds hand them all this money (or their people, both are ranked in a table), what does the nation have for all that investment?
Most & Least Federally Dependent States in 2024
Most & Least Federally Dependent States in 2024wallethub.com
Facts are a dumb argument.
Tax windfalls for the wealthy? Like what would emerge from ending the ACA?
"A ruling on the ACA’s “individual mandate” provision, and potentially the entire law, is expected in the spring of 2021.
And beyond forcing millions of Americans off their health insurance, a repeal of the ACA would bring a major tax cut for the richest Americans. According to research from the Tax Policy Center (TPC), the top 0.1% would receive a tax cut of $198,250 per year while the top 1% of Americans would see a tax cut of $32,370. (The Center for American Progress (CAP) came to a similar conclusion, citing the TPC data.)
“We knew that repealing ACA would be a windfall for the wealthy,” Seth Hanlon, a senior fellow at CAP, told Yahoo Finance. “But the magnitude of the tax cut for the top 0.1% — people making $3.8 million and upwards — is still stunning.”
Obamacare repeal would bring a huge tax cut for the rich, research shows
New research highlights how Obamacare being overturned would bring a major tax cut for the richest Americans.
It’s being reported now that the Administration has suddenly backed off of challenging the FDA’s guidelines for approving a vaccine in time for a pre-election announcement. I think he may have actually packed it in. Especially after reading COH’s long, nuanced post about this being something other than a desperate political stunt.
You mean Trump doesn't have COH on Ignore like the rest of us?
i'm always behind the cops and ample funding for same, but i'll never criticize funding for the arts. art and music are our soul. i suspect a dearth of both and an increase in social media has only made us worse off
No matter who wins there will be more spending
Trump's gambit regarding the stimulus bill is an interesting one. He's correct to object to a federal bailout of states. Most states are facing smaller coronavirus-related budget holes than previously expected, and every state should be responsible for its own fiscal condition. It doesn't make sense for the deeply indebted federal government to take on any additional borrowing to help states.
His announcement does not seem to be motivated by a desire for fiscal restraint. Promising a major stimulus after the election while arguing that "the economy is doing very well" seems a bit off.
His announcement does not seem to be motivated by a desire for fiscal restraint. Promising a major stimulus after the election while arguing that "the economy is doing very well" seems a bit off.
Yeah...I can get behind not having a fiscal stimulus if it's the right decision for our overall economic future. I can see arguments in both directions, but eventually we need to face some difficult decisions.
Agree that the messaging coming from the White House is just a tad bit manic and nonsensical on this.
He has essentially committed his administration to supporting at least $1.6 trillion in new coronavirus spending. If Biden wins and Democrats take the Senate, expect that number to be significantly higher.
Maybe, but Trump already ignores everybody, so that wouldn't be anything special.
"Promising" is something Trump does well, in fact, he does that almost as well as lying and bragging.
Trump fails to deliver on everything that requires political finesse. However, a couple days ago, I heard Trump actually "promise" that he was still working on a second tax cut and an infrastructure bill. That's the first time I personally have heard him mention those things since about 2017.
However, his statements on those things were pre-hospital and pre-steroids, so they probably don't mean much now that he's dealing with bad health.
and Wall Street drops after being up . . . . Plus the Marlins lead the Braves . . .
Stocks End Lower After Trump Puts Halt to Stimulus Talks
U.S. stocks turned lower after President Trump tweeted that he is ending negotiations with Democrats over a new economic relief package.www.wsj.com
Trump Abruptly Ends Stimulus Talks After Fed Chair Urges Economic Support (Published 2020)
President Trump said he was calling off the talks just hours after Jerome H. Powell, the Federal Reserve chair, argued that it was better to overdo the pandemic policy response to avert “tragic” fallout.www.nytimes.com
the stock market didn't drop so much as one point because Joe Citizen isn't getting a stimulus check.
obviously Wall St was looking for another trillion dollar early Christmas present from Santa Fed.
Latest posts
-
Well, what'dya know.... the Government admits to mishandling Trump documents- Latest: Aloha Hoosier
-
-
-
-