Biden infrastructure/tax increase megathread

[PSOL]

Passing an infrastructure bill this early would be a pretty major victory for the Democratic Party in snubbing Trump. Let’s go boyos

[brucejoel99]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

I wish Pelosi was fighting as hard to keep schools open (benefits the "backbone" of D) rather than against SALT cap (benefits the top 1%, aka Donors of the Pelosi).

https://itep.org/salt-cap-repeal-has-no-place-in-covid-19-legislation-national-and-state-by-state-data/

https://i.imgflip.com/546p3t.jpg

$170B worth of facts don't care about your feelings.

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

[Chancellor Tanterterg]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah, except for the part where Biden wants it removed.

[S019]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah, except for the part where Biden wants it removed.

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $70k or so.

[Vaccinated Russian Bear]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

I wish Pelosi was fighting as hard to keep schools open (benefits the "backbone" of D) rather than against SALT cap (benefits the top 1%, aka Donors of the Pelosi).

https://itep.org/salt-cap-repeal-has-no-place-in-covid-19-legislation-national-and-state-by-state-data/

https://i.imgflip.com/546p3t.jpg

$170B worth of facts don't care about your feelings.

Unfortunately,it seems, you have problem with basic reasoning.

As it seems right now, most (D) public schools won't open until fall. Despite science saying you could have done it safe. Because Pelosi & Dems caved for Teach Unions or whatever.

In Florida of DeSantis the schools have been open since Aug (8 months ago!!). The lack of political will of Democratic counter-parts is the reason why D hasn't followed him.

https://twitter.com/VPrasadMDMPH/status/1372250876199378944


To get back to topic, here you have a map!
https://twitter.com/SethHanlon/status/1377694126674694144

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah, except for the part where Biden wants it removed.

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $60k or so.

"true wealthy"

Face it dude, you're rich. Your parents deserve to pay more.

[KaiserDave]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah but now he has the same position as Biden.

[Chancellor Tanterterg]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah but now he has the same position as Biden.

Biden isn’t gonna push to have it removed, especially when the bill probably can’t pass the House without it.

[Vaccinated Russian Bear]

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $70k or so.

Man, the following caclulations are probably somewhat misleading, but it is what it is. $4. Ok, may be $400.

https://www.crfb.org/blogs/repealing-salt-caps-would-cost-another-500-billion

[Starry Eyed Jagaloon]

https://twitter.com/jonathanvswan/status/1377748114916917252
 

Pelosi just said yesterday that she hopes to do it, so unless Biden's threatening to veto (which is, y'know, lol), this doesn't actually stop Congress from just adding the proposal in on their own.

That requires it to get through senate reconciliation untouched. And I'd be pretty surprised if Manchin or whatever didn't kill it there.

Manchin won’t kill it lol

Why on earth wouldn't Manchin touch SALT? The GOP could bring up a floor amendment to just SALT and he could vote yes. He forced changes to the stimulus bill, after all.

“Changes”

Manchin isn’t going to force the removal of something the Democratic congressional leadership cares about, he’s basically our Susan Collins.

Yeah but now he has the same position as Biden.

especially when the bill probably can’t pass the House without it.

Earmarks, baby.

[S019]

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $70k or so.

Man, the following caclulations are probably somewhat misleading, but it is what it is. $4. Ok, may be $40.

https://www.crfb.org/blogs/repealing-salt-caps-would-cost-another-500-billion

Ehhh the scale is a lot less lopsided in places like NJ, since we have quite high property taxes. So this isn't really accurate in that sense.

https://www.njspotlight.com/2017/10/17-10-06-interactive-map-tracking-salt-deductions-across-the-state/

Particularly look at my home county (Morris)

[Starry Eyed Jagaloon]

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $70k or so.

Man, the following caclulations are probably somewhat misleading, but it is what it is. $4. Ok, may be $40.

https://www.crfb.org/blogs/repealing-salt-caps-would-cost-another-500-billion

Ehhh the scale is a lot less lopsided in places like NJ, since we have quite high property taxes. So this isn't really accurate in that sense.

https://www.njspotlight.com/2017/10/17-10-06-interactive-map-tracking-salt-deductions-across-the-state/

Particularly look at my home county (Morris)

Choices have consequences. Like, for example, choosing to own a home in an affluent Jersey burb. That doesn't mean the rest of the country should be in the business of subsidizing the upper middle class in certain states. Try convincing your local elected officials to allow you to deduct federal taxes from your state and local taxes instead.

[S019]

I mean the votes are in the House to kill it, if it isn't included, maybe they agree to raise the cap to a level where only the truly wealthy are affected, like say $70k or so.

Man, the following caclulations are probably somewhat misleading, but it is what it is. $4. Ok, may be $40.

https://www.crfb.org/blogs/repealing-salt-caps-would-cost-another-500-billion

Ehhh the scale is a lot less lopsided in places like NJ, since we have quite high property taxes. So this isn't really accurate in that sense.

https://www.njspotlight.com/2017/10/17-10-06-interactive-map-tracking-salt-deductions-across-the-state/

Particularly look at my home county (Morris)

Choices have consequences. Like, for example, choosing to own a home in an affluent Jersey burb. That doesn't mean the rest of the country should be in the business of subsidizing the upper middle class in certain states. Try convincing your local elected officials to allow you to deduct federal taxes from your state and local taxes instead.

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

[Vaccinated Russian Bear]

1.5% of NJ population are $ Millioners vs 0.5% on average in US. Obviously, SALT cap would hit you most.

[Starry Eyed Jagaloon]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

[S019]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

[Starry Eyed Jagaloon]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

We're talking about maybe $100-$200 for people earning in the six figures. That's nothing.

[○∙◄☻¥tπ[╪AV┼cVê└]

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

Bolded the most important part. The standard deduction doubled.

[S019]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

We're talking about maybe $100-$200 for people earning in the six figures. That's nothing.

No offense, but did you see my map, people in parts of Newark claim an average of 11k, people in Paterson claim 10k, literally anyone richer than them is subject to the cap. The cap is absurdly low for New Jersey.

[Starry Eyed Jagaloon]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

We're talking about maybe $100-$200 for people earning in the six figures. That's nothing.

No offense, but did you see my map, people in parts of Newark claim an average of 11k, people in Paterson claim 10k, literally anyone richer than them is subject to the cap. The cap is absurdly low for New Jersey.

Yes I did. And I'm okay with that. This is Jersey's issue to fix, not America's. Congress isn't making policy just for Parsippany.

[S019]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

We're talking about maybe $100-$200 for people earning in the six figures. That's nothing.

No offense, but did you see my map, people in parts of Newark claim an average of 11k, people in Paterson claim 10k, literally anyone richer than them is subject to the cap. The cap is absurdly low for New Jersey.

Yes I did. And I'm okay with that. This is Jersey's issue to fix, not America's. Congress isn't making policy just for Parsippany.

I mean I don't really think policy that is designed to hurt one particular state is good policy, and the SALT deduction cap unfairly hurts New Jersey and other similar states.

[Starry Eyed Jagaloon]

Not to derail this thread too much, but this probably requires electing Republicans, who would defund our schools and our education quality would plummet, which is not ideal.

At risk of further derailment, that's why school funding should be centralized and doled out from the federal level--which would significantly reduce your state and local taxes. That said, it isn't how the system works. And since NJ has the best schools in the country, you deserve to pay more for what you get. It isn't fair to the rest of the country to ask us to subsidize your dream hoarding--which in Jersey, basically takes the form of moving to an exclusive neighborhood, paying an insane amount in property taxes for a de-facto elite private school, then writing off those taxes and asking the rest of the country to pick up the slack.

I mean using the deduction isn't a NJ only phenomenon, per this source: https://taxfoundation.org/salt-deduction-benefit/, over 40% of people in NJ, CT, MD, and DC used the deduction and over 35% in CA, OR, MA, and MN. Those aren't negligible amounts, as for centralizing school funding, I guess that could work, but my guess is property taxes would remain high anyways to continue to fund a high level of education and make up whatever the federal government didn't fund.

We're talking about maybe $100-$200 for people earning in the six figures. That's nothing.

No offense, but did you see my map, people in parts of Newark claim an average of 11k, people in Paterson claim 10k, literally anyone richer than them is subject to the cap. The cap is absurdly low for New Jersey.

Yes I did. And I'm okay with that. This is Jersey's issue to fix, not America's. Congress isn't making policy just for Parsippany.

I mean I don't really think policy that is designed to hurt one particular state is good policy, and the SALT deduction cap unfairly hurts New Jersey and other similar states.

It only affects you more because you made specific choices with regards to taxing and spending. It's not like God declared Jersey must pay more in property taxes than the rest of the country. You decided to tax yourselves, so step up and pay.

That's basically the same as saying grocery bills unfairly hurt Whole Foods shoppers so they should be deductible from income taxes.

[lfromnj]

80% (i don't know the exact number) of people in Newark or Patterson don't even use the SALT deduction.