Tag Archives: political parties

Tax Compliance and Pressure

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This time, pressure on another nation to comply with a global minimum tax regime. The Biden administration is unhappy with Hungary for standing in the way of the EU’s agreeing a global (or at least Western World) regime that would contain a minimum tax level. That minimum level was designed to eliminate tax rate competition among nations.

On Friday the Treasury said the US is withdrawing from a 1979 bilateral tax treaty with Hungary.

Eliminating that nearly 45 year agreement actually is a boon to Hungary, though, rather than pressure, since Yellen and the Biden administration have withdrawn a tool for pressuring that nation.

Never mind that pressuring Hungary on minimum tax compliance is economically idiotic—the race to the bottom of tax rates is a race all nations should be striving to win. Or at least those nations that believe their own citizens aren’t drooling imbeciles and actually can make their own decisions concerning what to do with the money lower tax rates would leave in their hands rather than being forced to give their money into the hands of remote bureau- and technocrats.

Conspiracy Pushing

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The horror of Wisconsin citizens electing a Republican Governor this fall—current Governor Tony Evans (D) is possessed by it.

We will see elections change to the point where the Legislature makes the final decision and that should scare the living crap out of everybody in this room[.]

And

They (Republicans) will continue doing this until Donald Trump is 6 feet under.

Sure. And for those of the Left who might actually believe that, I might know of some beachfront property north of Santa Fe, NM, that might interest them. Good view of the valley below.

The conspiracy hysteria runs strong in this one.

The New Pen and Phone

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Ex-President Barack Obama (D) infamously bragged that he had a pen and a phone available if Congress wouldn’t do his bidding. And he proceeded to use them to reign via diktat—diktats often overruled in court (and remember, this was before former President Donald Trump (R) was able to restore textualist sanity and restrain judicial activism).

Behold, the President Joe Biden (D) version of the pen and phone tool for ruling, rather than governing: the permanent “public health emergency.”

The Biden Administration claims the declaration provides critical regulatory flexibility.

You bet it does.

Scofflaw Blue States

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And guess who gets to pick up the tab. You get three, and the first two don’t count. Here are the scofflaws:

At least four Democratic-led states with budget surpluses this year have chosen not to fully repay the federal government for money borrowed to fund unemployment benefits, a move that will impose increased charges on businesses to help make up the difference.
California, Connecticut, Illinois, and New York have directed surplus funds to social programs and taxpayer rebates, among other causes, leaving unpaid debts to the federal government ranging from tens of millions of dollars to more than $15 billion.

This is the Progressive-Democratic Party at the State level treating loans as grants. Of course, that’s entirely consistent with Party’s attitude toward student loans, so we shouldn’t be surprised.

Ken Pokalsky, Business Council of New York State Vice President:

We’re going to be at elevated levels of taxes for a decade[.]

Yep.

Still Not Ready

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The Progressive-Democratic Party’s Biden administration has had how many months since the leak of the Supreme Court’s then-putative Dobbs v Jackson Women’s Health Organization ruling that was going to overturn Roe v Wade (and which subsequently was published and did overturn Roe) in which to prepare a response?

This administration has had how many more months since the Supreme Court agreed to hear Dobbs in the first place in which to prepare a response?

This administration has known for how many years that the Supreme Court had had three textualist Justices appointed, Justices that would adhere to the text of our Constitution rather than rule in the activist manner, and so had a 5-3 majority (with Chief Justice John Roberts voting the way he thought legacy demanded) of textualists? Years in which this administration could have been preparing the outlines of responses to the Supreme Court’s various rulings?

And President Joe Biden (D) is only now coming up with an intrinsically fragile Executive Order with which to address the matter of abortion?

Regardless of what any of us might think about abortion or the Dobbs ruling or the overturning of Roe, this…tardiness…of response should give us all pause. This is an administration, and this is a Progressive-Democratic Party (that has had control of both houses of Congress for how long, now?), that seem incapable of planning ahead, of preparing responses (much less backup responses) to events that are coming down the pike and that are eminently visible in the distance on that pike.

A government that operates only via its rearview mirror is a government dangerous to the national weal and to the national security.