Biden infrastructure/tax increase megathread

[Anti Democrat Democrat Club]

Yawn. We have another FY bill for those.

[ηєω ƒяσηтιєя]

https://twitter.com/sahilkapur/status/1395853333206810625
*shocked Pikachu face*

[GoTfan]

https://twitter.com/sahilkapur/status/1395853333206810625
*shocked Pikachu face*

How many time must it be said?

The Republicans are not interested in working with you, Joe.

[7,052,770]

Well, he tried. Now he can just pass whatever he wants and not feel bad or partisan about it.

[MillennialModerate]

Yawn they won’t do any deal with you.

Reconciliation a bill that puts 250B into Rail; 150B into Roads, 50B into bridges, 150B for Power, 100B for broadband and 5G; 50B for airports, 100B for schools; 100B for hospitals; 300B for jobs oriented development. Roughly $1.25T.

No brainer. Do it.

[Frodo]

Well, he tried. Now he can just pass whatever he wants and not feel bad or partisan about it.

Yes, but will Manchin and Sinema see it the same way? 

[Born to Slay. Forced to Work.]

https://twitter.com/sahilkapur/status/1395853333206810625
*shocked Pikachu face*

⢀⣠⣾⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠀⠀⠀⠀⣠⣤⣶⣶ ⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠀⠀⠀⢰⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣧⣀⣀⣾⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⡏⠉⠛⢿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡿⣿ ⣿⣿⣿⣿⣿⣿⠀⠀⠀⠈⠛⢿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠿⠛⠉⠁⠀⣿ ⣿⣿⣿⣿⣿⣿⣧⡀⠀⠀⠀⠀⠙⠿⠿⠿⠻⠿⠿⠟⠿⠛⠉⠀⠀⠀⠀⠀⣸⣿ ⣿⣿⣿⣿⣿⣿⣿⣷⣄⠀⡀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⢀⣴⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⣿⠏⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠠⣴⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⡟⠀⠀⢰⣹⡆⠀⠀⠀⠀⠀⠀⣭⣷⠀⠀⠀⠸⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⠃⠀⠀⠈⠉⠀⠀⠤⠄⠀⠀⠀⠉⠁⠀⠀⠀⠀⢿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⢾⣿⣷⠀⠀⠀⠀⡠⠤⢄⠀⠀⠀⠠⣿⣿⣷⠀⢸⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⡀⠉⠀⠀⠀⠀⠀⢄⠀⢀⠀⠀⠀⠀⠉⠉⠁⠀⠀⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⣧⠀⠀⠀⠀⠀⠀⠀⠈⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⢹⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⣿⠃⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⢸⣿⣿

[YE]

https://twitter.com/moreperfectus/status/1395830560531099648?s=21

Biden really needs to get his blue staters in line on possibly the most basic left wing issue.

Is his family going to starve from high taxes or something?

[Anti Democrat Democrat Club]

Warner should have been aggressively primaried last year. The warning signs were there but he's pretty much at Feinstein 2018 levels of "more harmful long-term than an actual Republican".

[AGA]

I'm a bit confused about the capital gains tax increase. Would it create a tax cliff since it only applies to people whose income is over $1,000,000? Google searches aren't coming up with much detail.

[Buffalo Mayor Young Kim]

Warner should have been aggressively primaried last year. The warning signs were there but he's going far past Feinstein levels of awful at this point.

He also is ine of the pro-act holdouts.

The problem is two fold, one he is still riding his gubernatorial good will and unearned reputation as the man that saved the VA Democratic Party. The other is that substantial chunk of Virginia Democrats are well-off professionals that don’t give a crap about inequality or labor. Notice the new super liberal omg! Democratic VA government now makes allot of largely symbolic culture wars moves but keeps around the vicious labor regime they inherited.

[Buffalo Mayor Young Kim]

I'm a bit confused about the capital gains tax increase. Would it create a tax cliff since it only applies to people whose income is over $1,000,000? Google searches aren't coming up with much detail.

As I understand it, it applies to income over $1,000,000, not people.

[AGA]

I'm a bit confused about the capital gains tax increase. Would it create a tax cliff since it only applies to people whose income is over $1,000,000? Google searches aren't coming up with much detail.

As I understand it, it applies to income over $1,000,000, not people.

Is that just capital gains over $1,000,000 or all income?

[SevenEleven]

I'm a bit confused about the capital gains tax increase. Would it create a tax cliff since it only applies to people whose income is over $1,000,000? Google searches aren't coming up with much detail.

I highly doubt that's the case, that would be horrible policy. And going solely off income doesn't make sense either, you need to have some sort of "lifetime threshold" for capital gains and then tax everything higher after that threshold is met, that way people can still find their retirement accounts.

[Buffalo Mayor Young Kim]

I'm a bit confused about the capital gains tax increase. Would it create a tax cliff since it only applies to people whose income is over $1,000,000? Google searches aren't coming up with much detail.

As I understand it, it applies to income over $1,000,000, not people.

Is that just capital gains over $1,000,000 or all income?

Assuming it works like every other income tax ever, capital gains income over 1,000,000. As in the 1,000,001th dollar and up gets taxed at the new rate.

[President Johnson]

Biden is determined to get this done:

https://twitter.com/CNNPolitics/status/1396520321134600197

White House senior adviser Cedric Richmond said Sunday that President Joe Biden will "change course" on his massive infrastructure bill if inaction on the costly proposal seems inevitable.
"He wants a deal. He wants it soon, but if there's meaningful negotiations taking place in a bipartisan manner, he's willing to let that play out. But again, he will not let inaction be the answer. And when he gets to the point where it looks like that is inevitable, you'll see him change course," Richmond told CNN's Dana Bash on "State of the Union" when asked how much longer Biden would pursue a bipartisan deal before moving on without congressional Republicans.
"But for now, we're engaged in a what we want to be a bipartisan infrastructure bill that invests in the backbone of this country -- the middle class -- and our future," Richmond added.

[...]

[brucejoel99]

Biden is determined to get this done:

https://twitter.com/CNNPolitics/status/1396520321134600197

White House senior adviser Cedric Richmond said Sunday that President Joe Biden will "change course" on his massive infrastructure bill if inaction on the costly proposal seems inevitable.
"He wants a deal. He wants it soon, but if there's meaningful negotiations taking place in a bipartisan manner, he's willing to let that play out. But again, he will not let inaction be the answer. And when he gets to the point where it looks like that is inevitable, you'll see him change course," Richmond told CNN's Dana Bash on "State of the Union" when asked how much longer Biden would pursue a bipartisan deal before moving on without congressional Republicans.
"But for now, we're engaged in a what we want to be a bipartisan infrastructure bill that invests in the backbone of this country -- the middle class -- and our future," Richmond added.

[...]

This will be steamrolled through once the Republicans formally back out, news at 11:

[VAR]

https://twitter.com/moreperfectus/status/1395830560531099648?s=21

That's really nice to hear, but Mark Warner has a perpetual struggle with the concept of "putting one's money where one's mouth is."

[Amenhotep Bakari-Sellers]

Its very difficult to raise taxes in a Pandemic anyways, the D's need more seats even 52 isn't enough in the next session of Congress, Jackson and Ryan will do just fine.

But, Capital gains taxes and Corporate taxes power, no way

When you have only 50Ds it's very hard to get your agenda thru, the infrastructure does nothing for me anyways, I don't care much about

They are all rich politicians, Boehner was so rich it's ridiculously

[Benjamin Frank]

https://twitter.com/moreperfectus/status/1395830560531099648?s=21

That's really nice to hear, but Mark Warner has a perpetual struggle with the concept of "putting one's money where one's mouth is."

The tweet is a completely inaccurate take on what Senator Warner said.  By 'bump up the top tax rate' he specifically said 2%, which would get it back to where it was roughly under Clinton.

He also said to significantly increase, not lower, capital gains and corporate taxes.  The only thing he disagreed with was raising capital gains to the 'normal rate.'  So, higher capital gains, but not as high as the normal rate. He never said specifically what rate/rates he thought capital gains should be taxed at, and it seems he left it open that he actually would be willing to see corporate taxes higher than what Biden proposed.

[Obama-Biden Democrat]

Warner should have been aggressively primaried last year. The warning signs were there but he's pretty much at Feinstein 2018 levels of "more harmful long-term than an actual Republican".

VA is full of NIMBY upper middle class and wealthy suburbanites. He is a product of his constituents.

[Benjamin Frank]

Warner should have been aggressively primaried last year. The warning signs were there but he's pretty much at Feinstein 2018 levels of "more harmful long-term than an actual Republican".

VA is full of NIMBY upper middle class and wealthy suburbanites. He is a product of his constituents.

The tweet wasn't really an accurate summation of what Senator Warner said.

[YE]

https://twitter.com/jstein_wapo/status/1397256316574445574?s=21

Corporatists showing their true colors.

[It’s so Joever]

https://twitter.com/jstein_wapo/status/1397256316574445574?s=21

Corporatists showing their true colors.

Imagine telling someone in 2019 that Biden would be the progressive one as opposed to the Democrat-controlled congress.

[Matty]

dems struggling to pass INFRASTRUCTURE of all things.....should pour so much cold water on any hope that america will be getting universal healthcare in the near future.