Like a sign of overcompensating for, you know, the signature gets hyuger every time he writes it.
Washington D.C., United States Of America Under Financial Totalitarianism
Lucy Van Pelt: I know how you feel about all this Christmas business, getting depressed and all that. It happens to me every year. I never get what I really want. I always get a lot of stupid toys or a bicycle or clothes or something like that.
Charlie Brown: What is it you want?
Lucy Van Pelt: Real estate.
It was written, rewritten and rewritten, then it was signed (wow was it signed), and it is done. The Oligarch Welfare Bill is now the unadulterated law of the land.
It was done with relative ease, since it didn’t even require a thorough reading by the establishment Republicans or the cooperation nor the presence of the establishment Democrats and Bernie Sanders in the final days of crafting this Piece Of Shit bill. All it took to barrel it through was to bribe Bob Corker by adding a last second provision tax break for pass through income via LLC’s, virtual company entities that work more like tools in making revenue in the business of real estate, which the retiring Senator accrued millions of dollars in while he has been a public servant.
It turned out the reason for Corky’s nay vote the last time was that this provision was not in the despicable bill’s house version and was added and authored by Utah’s Sen. Orrin Hatch, a man from the poor people and the chicken coop. So much for the senator taking a moral stand against Trump and massive deficits.
Senator Hatch was not only thinking of Corky and his aide, but himself and his wife and a posse of other GOP senators and house representatives with collectively millions of dollars accrued from real estate and equity holdings to profit immensely even more from the Oligarch Welfare Law (haven’t heard much reporting on how or which elected Democrat members will profit from their real estate holdings if they have them though). Including standout young’n house speaker Paul Ryan, who has been champing at the bit to get this bill created and ratified so the donors he sucks up to can now repatriate their massive tax avoiding wealth, collectively worth 3 trillion dollars, that have been trapped on their island shelters and lower taxed nations at the generous lower rate now instituted.
With all that hoarded money free at last, it can then flow through their LLC’s untouched by the Feds. Leading to more gentrification of the cities where they have invested properties in, which will cause more high end speculation. It will also kill small businesses like restaurants and bars, for LLC’s are also involved in dining and nightlife establishments too.
Now that their collaborated powerball winning legislation is now law, they are now (the only ones) celebrating. And since the Oligarch Welfare Law also includes massive tax breaks for alcohol distribution, they will surely doing shots with 100 year old scotch, bathing in 50 year old wine, and showering each other with the finest high end champagne.
The biggest winner is of course the elected and currently serving President (and his plutocabinet members). Continuing his lifelong streak since birth of privileged good fortune. And it’s a good thing too, since some of his branded properties have removed his ubiquitous name off of their buildings, which might have cost him quite a lot of cash (it’s the only evidence that he has divested from his businesses, by being forced to). With the passage and his ridiculous giant signature, which resembles a pathological liar’s lie detector chart pattern, ratifying it, the money will continue to flow through his world wide web of shell companies, ensuring and his billionaire status and a nice tax payer funded nest egg for his next of kin and their next of kin.
As for everyone else, the first year might be fine if you don’t own a home in New York, New Jersey or California, with the doubling of the standard deduction, but all those minor token tax cuts come to a screeching halt in a little less than a decade to justify the exorbitant costs of Oligarch Welfare Law, which with all the speculation on how it will make up for the 6 trillion dollars with all of the cash concentrated for the top earners by happenstance does not account the costs of future military conflicts or the catastrophic effects from hurricanes, sea level rise and land erosion and the long promised trillion dollar infrastructure plan Trump touted days after the white power siege of Charlottesville, will effect the nation’s budget in the next 5 years as these cuts get bigger for the top. Maybe the reason why they have not ended DACA is because, well, they need those kids to contribute to the redistribution of wealth with their weekly paychecks when they become adults. Maybe that will put a stop to build the new Wall Of Mexico (Nah).
So once you get your returns in 2019, don’t spend it too fast. Hell, don’t spend it at all if you are able to avoid sickness or injury, or from a climate disaster, no matter how impossible it is. For it’s the same logic that the avaricious, self-serving and donor-serving members of Congress utilized to craft this odious, rancid law. And they are not even done, for they are now concocting their B plan to fund it if these tax cuts cost the nation’s budget to implode. In fact this plan was implemented 2 weeks before they wrote the bill, knowing full well they won’t have the funds, current and speculative to finance them.
Republican lawmakers are preparing plans to restructure America’s welfare system, including putting new limits on who’s eligible for anti-poverty programs such as food stamps and housing benefits.
The details of the planned overhaul are still being determined, but congressional Republicans have already introduced policy proposals that would impose new work requirements on some of America’s welfare programs. Last year, House Ways and Means Committee Chairman Kevin Brady (R-Tex.) and House Speaker Paul D. Ryan (R-Wis.) unveiled a poverty plan as part of Ryan’s “A Better Way” agenda, which also called for the imposition of new work requirements.
The plans at the time were largely markers of future intention, signaling the party’s vision but not indicative of an imminent push for legislative action.
Something tells me this is going to take some filibustering from the Dems to nip this and kill this in the bud if they have the spine (nah.) Extreme filibustering.
Figurehead Trump did not even wait to sign this. In all certainty he also didn’t fucking read it. In his golden ukelele string maned covered head, he wanted to fulfill his promise to sign the bill before Christmas. The thing is of course that the promise he was most concerned about, after all the other failed ones regarding immigration and travel bans, was the promise to enhance his personal wealth. This is the fleshed out, current reality based adaptation of Dickens’ Christmas Carol, except that Scrooge sleeps through the four ghosts that invade his dreams and continues hoarding his wealth siphoned from the masses. As the timid elected Democrats, collectively resembling the meek assistant Ratchett, let him get away with this shit without true assertion and protest.
So forget about any Christmas cheer and gift giving in the lower and middle classes in the near future. Don’t want to forget those that yearn for higher education. For we have to pay their fair share now and our children and their paychecks are the future. Extreme fair share. Hopefully us proles will be able to hoard our money as well as the higher society populace of corporate executives, shareholders and of course our chosen members of legislative and executive public service did.