Monday, November 30, 2020

Split government party in action


They fret that Warnock, Ossoff wins could lead to higher taxes
Novogratz says most Democrats in finance want split government
As deep-pocketed Democrats on Wall Street celebrate the ouster of President Donald Trump, some are privately showing little appetite for backing the party’s remaining skirmishes in Georgia.

Employees of securities and investment firms poured about $77 million into President-elect Joe Biden’s campaign and the super-PACs supporting him, more than quadruple what they steered toward Trump. But the pair of Democrats facing runoff elections in Georgia against Republican senators David Perdue and Kelly Loeffler on Jan. 5 are unlikely to see such lopsided support -- even with control of the chamber at stake
.

And finance has a multi front tax battle taking place.  Biden needs corporate taxes or income taxes or bank taxes. It does not matter the current economic conditions, we all know this is a ten year tax issue, and that will take precedence.

Too late dear:

Neera Tanden, Biden's Pick for Budget Office: Now Is Not the Time To 'Worry About Raising Deficits and Debt'


We already have the split government party in session, the anti-tax strategies in place, and the cost of earmarks going way up.  The forces are beyond your control, you have a tax battle.

And, button up, sweetheart. This is Biden country.


Delusion of government grandeur. Dems have a bad case of it, but it ill pass when they get a big loud no on that next five trillion.. Then hey have no plan B, like Newsom, they assume grandeur of government guarantees his budget. Many of Biden's gals may be permanently lost.

Her very nomination is the first shot fired, and she is hearing,' We are not being taxed'. Her nomination is just the first of many Swamptax battles.

No comments: