Miscellaneous News

FriedButter

Major
Registered Member
US Congress gaslight the US with a "inflation reduction" bill that doesn't seem to really address inflation.

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It also hires 80,000 IRS agents and auditors. You don’t need 10s of 1000s of IRS agents to screen over the ultra rich tax records. This is targeted towards the poor. Maybe specifically those earning working as waiters for $4.25 with undeclared tips for tax. Lol.

One way to kill inflation is by killing demand. Fed is doing that by raising rates but what if the Gov comes down with the tax hammer on the poor. The US may see inflation ramp down a bit over a couple years.
 

9dashline

Senior Member
Registered Member
It also hires 80,000 IRS agents and auditors. You don’t need 10s of 1000s of IRS agents to screen over the ultra rich tax records. This is targeted towards the poor. Maybe specifically those earning working as waiters for $4.25 with undeclared tips for tax. Lol.

One way to kill inflation is by killing demand. Fed is doing that by raising rates but what if the Gov comes down with the tax hammer on the poor. The US may see inflation ramp down a bit over a couple years.
In the US waiters in restuarants that are eligble for tips earn as little as $2.xx an hour base pay
 

Appix

Senior Member
Registered Member
White House resists Congress’ bipartisan bid to overhaul U.S.-Taiwan relations

Speaker Nancy Pelosi's trip to Taipei isn't the only moment of congressional hawkishness the Biden administration would prefer to cage as it seeks to avoid provocation of China.

Nancy Pelosi’s visit to Taiwan is over, but the Biden administration still has congressional temperatures to cool when it comes to U.S. policy toward the self-governing island.

After warning Pelosi that her travel plans could provoke China — only to see the speaker make the trip anyway and lawmakers in both parties cheer her on — the Biden administration is now trying to make changes to a bipartisan bill that would overhaul longstanding U.S.-Taiwan policy in favor of a more aggressive posture.

The legislation, dubbed the Taiwan Policy Act, is aimed at bolstering Taiwan’s defensive capabilities and deepening U.S. ties to the island. It reflects a bipartisan push for a different approach when it comes to China’s increasingly belligerent behavior, highlighted by the similarly cross-aisle praise for Pelosi’s historic visit to Taiwan last week.

But the Biden administration is once again deciding to try to cage congressional hawkishness when it comes to China and Taiwan — this time by pushing back on a popular bipartisan bill that the White House fears could upend its assurances to Beijing about maintaining America’s “One China” policy, a diplomatic acknowledgment of Beijing’s position that there is only one Chinese government.

After saying last week that the legislation would “contravene” President Joe Biden’s authorities and efforts at diplomacy, White House National Security Council spokeswoman Adrienne Watson told POLITICO that “we look forward to working with Congress” on the bill.

Lawmakers said the administration’s reactions to both Pelosi’s trip and the new legislative push show that it’s being too cautious.

“They’re trying to stymie it and water it down, because they seem to approach every conflict that way,” said Sen. Lindsey Graham (R-S.C.), who co-sponsored the bill. “We’re full steam ahead. We’re open-minded to constructive changes, but the goal is to be more supportive of Taiwan, not less.”

The legislation, initially introduced by the Democratic chair of the Senate Foreign Relations Committee, represents the most dramatic shakeup of the U.S.-Taiwan relationship since the Taiwan Relations Act, which has guided U.S. policy on the subject since 1979. It authorizes $4.5 billion in security assistance for Taiwan and gives the island the distinction of being a “major non-NATO ally” of the U.S., among other provisions.

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Peas

Junior Member
Registered Member
I pray with all my heart for the American people that someday drug abuse will stop, evil drug companies will be eliminated, and people will be able to buy a classic shot of insulin for $5.
Bad hospital, Purdue pharma, Health care system, all should die :mad:
 

FairAndUnbiased

Brigadier
Registered Member
It also hires 80,000 IRS agents and auditors. You don’t need 10s of 1000s of IRS agents to screen over the ultra rich tax records. This is targeted towards the poor. Maybe specifically those earning working as waiters for $4.25 with undeclared tips for tax. Lol.

One way to kill inflation is by killing demand. Fed is doing that by raising rates but what if the Gov comes down with the tax hammer on the poor. The US may see inflation ramp down a bit over a couple years.
if they do that they'll decrease inflation but also decimate consumer spending power. it'll be a depression.
 

FriedButter

Major
Registered Member
if they do that they'll decrease inflation but also decimate consumer spending power. it'll be a depression.

What alternative is there? They printed too much money already and rates can only raise so much before the government gets too burden under the interest payments alone. Besides, there is a green policies to push as well over the Ukraine issue. Killing Demand = Lower Inflation = Lower Pollution. Once again, the burden will be on the average joe to pick up the slack for the failures of the oligarchy.
 

FairAndUnbiased

Brigadier
Registered Member
What alternative is there? They printed too much money already and rates can only raise so much before the government gets too burden under the interest payments alone. Besides, there is a green policies to push as well over the Ukraine issue. Killing Demand = Lower Inflation = Lower Pollution. Once again, the burden will be on the average joe to pick up the slack for the failures of the oligarchy.
they're gonna get more political extremist destabilization then.
 

FriedButter

Major
Registered Member
The 87,000 new IRS agents are 100% targeting the poor lol. I had some tiny doubt but then I remember this from last year in 2021

Biden admin backs down on tracking bank accounts with over $600 annual transactions​

The Biden administration on Tuesday backed down on a controversial proposal to direct the IRS to collect additional data on every bank account that sees more than $600 in annual transactions, after widespread criticism from Republican lawmakers and banking industry representatives, who said the tax enforcement strategy represented a breach of privacy by the federal government.

Instead, the administration and Senate Democrats are proposing to raise the threshold to accounts with more than $10,000 in annual transactions, and any income received through a paycheck from which federal taxes are automatically deducted will not be subject to the reporting.
any income received through a paycheck from which federal taxes are automatically deducted will not be subject to the reporting.
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Paychecks are not reported. Therefore, an alternative solution has to be made and that is 87,000 IRS auditors and tax agents. Lmao. The “will of the people” party is targeting the poor working class.
 

Appix

Senior Member
Registered Member
Taiwan Bill Delayed Amid White House Pushback

It’s the latest clash between Congress and the Biden administration over China policy.

Congressional sources confirmed the Biden administration and top lawmakers are at odds over the Taiwan Policy Act of 2022, which would authorize $4.5 billion in security assistance to Taiwan, designate it as a major non-NATO ally, and elevate it within international institutions.

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