US Elections (& Politics) :)
- Thread starter sdkid
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yeah.... I don't really watch Fox News. I watch Fox Live Now to see unfiltered Live events as they happen. Also, Trump IS fucking up the country with the mismanagement of Federal spending and ever-higher deficits-- I said that, and I said that in his first term. That makes him like every other POTUS we have had since Clinton. And no, I'm not a betting person, beyond an occasional lottery ticket for the fleeting fun of it.
So-- Here are Your "Lies" that aren't really lies but you want to count them anyway...since you wanted an explanation.
- Should Iran be allowed to develop nukes? How close to completion should we let them get?
- You rattled off 4 countries with no context.
- The pilot rescue was a fairy tale? LOL.
- My daughter got a .gov IRA account. I know-- anecdotal. But if it had been a hassle, she would have just said F it.
- Private donors are going to pay money to build the ballroom. Maybe--maybe not. We don't know that's a lie now, do we? Maybe the taxpayer will pay the bill with the imaginary money floating around. Bottom line, it's too early to call that a lie-- and it might become a lie and Uncle Sam pays the bill, but that building needs to be built. We're a little better than having diplomatic and social events in goddam tents on the lawn.
- Most transparent administration. Sure as hell is. Trump answered 90 press questions in 3 cabinet meetings versus Biden answering 5 questions in 4 years. Press conferences: Trump answered over 1,000 questions in one month versus Biden's 141 in his first month. The more he speaks, the more lies you get to scream about-- right??
- As for Tax Policy from the BBB-- your assertion is clear as mud and I can only imagine the nature of the source you got that from.
I like this resource and website--- and I am not seeing any mention of the things you were asserting.
Additionally, Grok (from your Favorite Billionaire Elon) says this:
The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.
taxfoundation.org
- Should Iran be allowed to develop nukes? How close to completion should we let them get? The Lie was exactly that. Every Intel Agency, IAEA and his own DNI said/say they weren’t even close. Iran has never been a direct threat of nuclear attack on anyone.
- You rattled off 4 countries with no context. The Lie: we were going to invade/takeover/annex each of those countries
- The pilot rescue was a fairy tale? LOL. The Lie - Yes. All indications are it was a failed attempt to access Nuclear materials stored close by. We lost at least 5 documented planes, not one word, picture, story of the phantom pilot
- My daughter got a .gov IRA account. I know-- anecdotal. But if it had been a hassle, she would have just said F it. The lie wasn’t that you couldn’t sign up, The Lie as stated was that these were to help millions who didn’t have access to IRAs and that Trump is responsible for them. False. everyone has the ability without .gov and has for years. And the funding is from a 2022 bipartisan legislation scheduled to go into effect in 2027. Trump wasn’t in office. He took credit for something he didn’t do. Fun Fact: you don’t even have to enroll in a .gov controlled IRA to get the match, and there are very low limits for the matching funds. If you make so little as to get the match, you can’t likely afford to contribute $2000 to get it.
- Private donors are going to pay money to build the ballroom. Maybe--maybe not. The Lie: now you’re defending the lie. The question wasn’t do we need it (nobody knows but we didnt seem to just 90 days ago and his original announcement doesn’t mention security, which is a joke as he routinely has open air less secure events almost weekly) the question is who is paying for it. If you believe Trump just yesterday, his donors are going to pay as much as $400M but the Federal budget will pay for the rest (est. $1 Billion) We don't know that's a lie now, do we? Maybe the taxpayer will pay the bill with the imaginary money floating around. Bottom line, it's too early to call that a lie-- and it might become a lie and Uncle Sam pays the bill, but that building needs to be built. We're a little better than having diplomatic and social events in goddam tents on the lawn.
- Most transparent administration. Sure as hell is. Trump answered 90 press questions in 3 cabinet meetings versus Biden answering 5 questions in 4 years. Yes Trump likes to hear himself talk. That’s different from say, deleting 47,000 Epstein files, or hiding October financial records, for examples. Press conferences: Trump answered over 1,000 questions in one month versus Biden's 141 in his first month. The more he speaks, the more lies you get to scream about-- right??
- As for Tax Policy from the BBB-- your assertion is clear as mud and I can only imagine the nature of the source you got that from.
I like this resource and website--- and I am not seeing any mention of the things you were asserting. The Lie: that it was focused on Middle income Americans who would benefit most: this one is complicated by design, I’ll follow up below. The wealthy benefitted far more than the middle class.
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OBBBA
The Lie isnt that many tax brackets benefit, it was that the Middle Class benefited most, which is demonstrably false, by a large margin.
*Also curious is that the main Middle class "cuts" such as reduced Tax on Tips, Overtime, and Seniors Social Security, all expire or phaseout in 2 1/2 years, while the the tax breaks for Wealthy/Corporate don't.
The OBBBA raises the basic exclusion for estate and gift taxes to approximately $15 million per individual and $30 million per couple, indexed for inflation. This change allows ultra-high-net-worth families to transfer substantial wealth tax-free, creating significant opportunities for multigenerational planning and wealth preservation, a benefit concentrated among the top 1% of earners (Factually.co)
factually.co.
2. Business-Friendly Tax Rules
The bill permanently extends 100% bonus depreciation and the Qualified Business Income (QBI) deduction, which lower effective tax rates for owners of pass-through businesses, S-corporations, and partnerships. These provisions disproportionately benefit wealthy business owners and investors, enabling them to accelerate deductions and optimize income timing for tax purposes (Factually.co; Mercer Advisors)factually.co+1.
3. Capital Gains and Basis Adjustments
OBBBA modifies capital gains recognition and step-up rules, favoring long-term, high-net-worth investors. These changes provide predictable tax outcomes for sophisticated investors, particularly those with large, illiquid holdings, and allow strategic timing of gains and losses to minimize taxes (Factually.co)factually.co.
4. Opportunity Zone Investments
The bill permanently extends Qualified Opportunity Zones, which offer tax incentives for investments in designated areas. Wealthy investors can leverage these zones to defer or reduce capital gains taxes while investing in infrastructure and development projects, further enhancing their tax advantages (UncleKam.com)
unclekam.com.
Executive summary
The One Big Beautiful Bill Act (OBBBA) contains multiple provisions that disproportionately benefit the top 1%—chiefly a dramatic increase in estate and gift exemptions, permanent business and capital-favoring tax rules like full bonus depreciation and the permanent QBI deduction, and changes to capital gain recognition and basis rules that favor long‑horizon investors (all documented in professional and policy analyses) <a href="10 things to know about H.R. 1 (OBBBA) in 2026" target="_blank" rel="noopener noreferrer">[1]</a> <a href="" target="_blank" rel="noopener noreferrer">[2]</a> <a href="Table of Key Tax Provisions in OBBBA" target="_blank" rel="noopener noreferrer">[3]</a>. Independent distributional modeling by ITEP and other tax analysts finds the richest 1% receive outsized net tax cuts in 2026, confirming these structural advantages
www.eliteconsultingpc.com
Other resources:
taxfoundation.org
The Lie isnt that many tax brackets benefit, it was that the Middle Class benefited most, which is demonstrably false, by a large margin.
*Also curious is that the main Middle class "cuts" such as reduced Tax on Tips, Overtime, and Seniors Social Security, all expire or phaseout in 2 1/2 years, while the the tax breaks for Wealthy/Corporate don't.
The One Big Beautiful Bill Act (OBBBA) contains several provisions that disproportionately benefit the ultra-wealthy, particularly through estate, business, and capital gains tax advantages.
Key Provisions Favoring the Wealthy
1. Estate and Gift Tax ExemptionsThe OBBBA raises the basic exclusion for estate and gift taxes to approximately $15 million per individual and $30 million per couple, indexed for inflation. This change allows ultra-high-net-worth families to transfer substantial wealth tax-free, creating significant opportunities for multigenerational planning and wealth preservation, a benefit concentrated among the top 1% of earners (Factually.co)
2. Business-Friendly Tax Rules
The bill permanently extends 100% bonus depreciation and the Qualified Business Income (QBI) deduction, which lower effective tax rates for owners of pass-through businesses, S-corporations, and partnerships. These provisions disproportionately benefit wealthy business owners and investors, enabling them to accelerate deductions and optimize income timing for tax purposes (Factually.co; Mercer Advisors)
3. Capital Gains and Basis Adjustments
OBBBA modifies capital gains recognition and step-up rules, favoring long-term, high-net-worth investors. These changes provide predictable tax outcomes for sophisticated investors, particularly those with large, illiquid holdings, and allow strategic timing of gains and losses to minimize taxes (Factually.co)
4. Opportunity Zone Investments
The bill permanently extends Qualified Opportunity Zones, which offer tax incentives for investments in designated areas. Wealthy investors can leverage these zones to defer or reduce capital gains taxes while investing in infrastructure and development projects, further enhancing their tax advantages (UncleKam.com)
Distributional Impact
Independent analyses, including modeling by the Institute on Taxation and Economic Policy (ITEP), indicate that the richest 1% receive outsized net tax cuts under OBBBA. While the bill also provides targeted relief for lower- and middle-income workers—such as no tax on tips or overtime and enhanced child tax credits—the structural benefits for the ultra-wealthy are more substantial in absolute terms (White House CEA report; Factually.co)Summary
While OBBBA includes provisions aimed at supporting workers and domestic manufacturing, its most significant and permanent tax advantages accrue to the wealthy, particularly through estate planning, business deductions, capital gains rules, and opportunity zone investments. These measures reinforce existing wealth accumulation mechanisms and provide long-term planning tools that are largely inaccessible to average-income taxpayers.Executive summary
The One Big Beautiful Bill Act (OBBBA) contains multiple provisions that disproportionately benefit the top 1%—chiefly a dramatic increase in estate and gift exemptions, permanent business and capital-favoring tax rules like full bonus depreciation and the permanent QBI deduction, and changes to capital gain recognition and basis rules that favor long‑horizon investors (all documented in professional and policy analyses) <a href="10 things to know about H.R. 1 (OBBBA) in 2026" target="_blank" rel="noopener noreferrer">[1]</a> <a href="" target="_blank" rel="noopener noreferrer">[2]</a> <a href="Table of Key Tax Provisions in OBBBA" target="_blank" rel="noopener noreferrer">[3]</a>. Independent distributional modeling by ITEP and other tax analysts finds the richest 1% receive outsized net tax cuts in 2026, confirming these structural advantages
Trump's tax cuts give the richest 5% big breaks — while everyone else pays more. The numbers tell a very different story than the White House
Who Really Benefits From the OBBBA Tax Cuts? The Truth About Distribution
When Congress talks about tax cuts, many Americans hope it means more money in their pockets. The OBBBA (Opportunity for a Better Budget and Balanced America) is one of the most talked-about plans right now. It promises lower taxes for many families and businesses. But here’s the big ques…
www.eliteconsultingpc.com
Other resources:
One Big Beautiful Bill Act Tax Policies: Details and Analysis
Our analysis of the major tax provisions included in the OBBBA finds it will increase long-run GDP by 0.7 percent. The major tax provisions will reduce federal tax revenue by nearly $5.2 trillion between 2025 and 2034, on a conventional basis.
taxfoundation.org
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Wild.
Obviously must be all Democrats, I mean Trump supporters tell me this is the Golden Age…
Obviously must be all Democrats, I mean Trump supporters tell me this is the Golden Age…
yeah.... I don't really watch Fox News. I watch Fox Live Now to see unfiltered Live events as they happen. Also, Trump IS fucking up the country with the mismanagement of Federal spending and ever-higher deficits-- I said that, and I said that in his first term. That makes him like every other POTUS we have had since Clinton. And no, I'm not a betting person, beyond an occasional lottery ticket for the fleeting fun of it.
So-- Here are Your "Lies" that aren't really lies but you want to count them anyway...since you wanted an explanation.
- Should Iran be allowed to develop nukes? How close to completion should we let them get?
- You rattled off 4 countries with no context.
- The pilot rescue was a fairy tale? LOL.
- My daughter got a .gov IRA account. I know-- anecdotal. But if it had been a hassle, she would have just said F it.
- Private donors are going to pay money to build the ballroom. Maybe--maybe not. We don't know that's a lie now, do we? Maybe the taxpayer will pay the bill with the imaginary money floating around. Bottom line, it's too early to call that a lie-- and it might become a lie and Uncle Sam pays the bill, but that building needs to be built. We're a little better than having diplomatic and social events in goddam tents on the lawn.
- Most transparent administration. Sure as hell is. Trump answered 90 press questions in 3 cabinet meetings versus Biden answering 5 questions in 4 years. Press conferences: Trump answered over 1,000 questions in one month versus Biden's 141 in his first month. The more he speaks, the more lies you get to scream about-- right??
- As for Tax Policy from the BBB-- your assertion is clear as mud and I can only imagine the nature of the source you got that from.
I like this resource and website--- and I am not seeing any mention of the things you were asserting.
Additionally, Grok (from your Favorite Billionaire Elon) says this:The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.
View attachment 243241
Rut Ro
Lets hope this all works out …
AI is driving US economic growth:
Investment in software and IT equipment contributed +134 basis points to Q1 2026 GDP growth of 2.0%, the largest quarterly contribution in history.
This means that 67% of last quarter's economic growth was driven by AI.
To put this differently, without this AI-driven tech investment, Q1 GDP growth would have been close to flat.
This contribution also exceeds the 1999 record by ~10 basis points.
Over the last 5 quarters, investment in software and IT equipment contributed +90 basis points on average per quarter, the most for any 5-quarter period on record.
The US economy has become highly reliant on AI.
AI is driving US economic growth:
Investment in software and IT equipment contributed +134 basis points to Q1 2026 GDP growth of 2.0%, the largest quarterly contribution in history.
This means that 67% of last quarter's economic growth was driven by AI.
To put this differently, without this AI-driven tech investment, Q1 GDP growth would have been close to flat.
This contribution also exceeds the 1999 record by ~10 basis points.
Over the last 5 quarters, investment in software and IT equipment contributed +90 basis points on average per quarter, the most for any 5-quarter period on record.
The US economy has become highly reliant on AI.