The Senate is arguing over Trumpās so-called Big Beautiful Bill. Senator Schumer demanded that all 940 pages be read aloud to him and the other Senators. Did he sit there, listening intently and taking notes for the 16-hour read-a-thon? Not likely. Instead of asking a relay team of clerks to read it, they should have brought in the guy who does the disclaimers at the end of commercials for drugs. He could have finished the 940 pages in 2.5 hours flat.
After listening to the 940 pages, Republicans and Democrats act like itās two totally different bills. Trump and the Republicans say if it is not passed, taxes will increase by $5 Trillion. Sen. Schumer and other Democrats say the bill will increase national debt by $4.5 Trillion. Both could be true. Trump cut income taxes in his first term. And Schumer is an expert at increasing the national debt.
Republicans are squabbling among themselves over the tax credits for State and Local Taxes (SALT). The current deduction limit is $10,000. That was passed in 2017. The intention was that state legislators and local officials would keep property and sales taxes low so most people would be able to deduct their entire SALT payments. But obnoxious elected officials balked, ignored taxpayers, and kept raising taxes. (The taxes on our house went up 40% in 5 years).
These officials, and many Republican Congressmen, are trying to raise the deduction to $40,000. A lot of folks in the middle of the country, especially ones who donāt even make $40,000 a year, canāt figure why residents of California, New York and New Jersey, for example, who make almost $500,000 should get to deduct all of their property taxes on their multi-million-dollar mansions. (My friends in San Francisco may remind me that a āmillion-dollar mansionā might be 2 bedrooms and 1 bathroom.) An analysis shows that more than 95% of a $40,000 SALT deduction benefit would go to the top 20%.
Maybe the best plan is to eliminate ALL deductions and reduce the tax rate. That would get a howl from lobbyists and almost everyone else, but would be a good plan in the long run.
Did President Trump push for the cease fire too soon? Should Israel have been allowed to blast Iran military facilities another week or two? I realize both sides were apparently running low on āammunitionā (missiles and launchers for Iran; Iron Dome anti-missiles for Israel).Ā Before the precise bombing of the nuclear sites, Trump had demanded āUnconditional Surrender.ā The cease fire has allowed Khomeini to even claim they won. However, he knows that Trump wouldnāt hesitate to send those B-2s back again. So donāt be concerned about Iran jumping back in the āgameā with their second-string nuclear scientists. (Their āfirst teamā was eliminated by Israel.)
What happened to New York City? Out of the millions of Democrats, they could only find two interested in being mayor. You remember Andrew Cuomo. As governor during Covid he took actions that resulted in deaths of hundreds of old folks in nursing homes. Then a sex scandal led to his resignation. And the winner of the Democrat Primary, Zohran Mamdani, hates Jews and embraces illegal immigrants. He would ban the Police, close prisons, raise the minimum wage to $30, make bus rides free, and city employees would run all grocery stores.
Mamdani would raise taxes on billionaires and millionaires, especially if they live in a white neighborhood. He does not understand that those wealthy people, white and otherwise, will leave. And they will take the New York Stock Exchange, Wall Street banks, and other company headquarters with them. NYC could be the new Havana.
Florida came up with a good idea (actually a location) for a federal prison. But itās not new. Almost fifty years ago I heard a great speaker from Kansas, Dr. Kenneth McFarland, talk about a problem facing society. I remember him saying, āYou canāt rehabilitate people who were never habilitated in the first place.ā He added, āThey should be secured in a prison. You can easily keep them there with love, and understanding, and a ditch full of alligators.ā (That last sentence is paraphrased, but I remember distinctly the line about alligators.) Instead of Dr. McFarlandās joke about bringing the alligators to the prison, Florida is taking the prison to the alligators.
Historic quotes by Will Rogers:
āCongress is so strange. A man gets up to speak and says nothing. Nobody listens, and then everybody disagrees.ā Notes, undated
Ā Ā Ā Ā āI am going out among the people whom New Yorkers call Rubes. But these people I am going out among are the people that look at New Yorkers and laugh.ā WA # 147, October 4, 1925