The government will likely run out of borrowing authority sometime in October or November unless Congress takes action to raise or suspend the debt limit (debt ceiling), the Congressional Budget Office warned Wednesday. Debt limit deadline likely October or November, CBO says: The new forecast sets the stage for a fall showdown over the debt … Read more
Update to Senate To Vote On Fictitious Gang Of Twenty ‘Bipartisan’ Infrastructure Bill On Wednesday: Prediction: The fictitious “bipartisan” infrastructure agreement fails the cloture vote on Wednesday. Just as I predicted. The vote was 49-51, with Senate Majority Leader Chuck Schumer voting with all of the Republicans as a procedural requirement to allow him to bring … Read more
Just as I predicted the other day, “The lickspittle lackeys of Plutocrats and Corporations in Congress, i.e., the Gang of Twenty, are opposed to increased funding for IRS enforcement and audits to collect the taxes actually owed by Plutocrats and Corporations.” Joan McCarter reports, Republicans double down on protecting wealthy tax cheats at the expense … Read more
Senate Majority Leader Chuck Schumer (D-N.Y.) is basically telling the bipartisan Gang of Twenty senators that they have wasted enough of everyone’s time with their endless “bipartisan” negotiations on their fictitious infrastructure “agreement,” and it is time for them to either put up or shut up. Shoulda done this long ago, Chuck. The Hill reports, … Read more
Update to PSA: Child Tax Credit Payments To Begin July 15 . Today, families across the country will see the first payments from the Child Tax Credit expansion enacted in the American Rescue Plan – $3,600/year for kids under 6 and $3,000/year for kids over 6. Unlike the 2017 Trump tax cuts for the wealthy and corporations, these tax … Read more