And So It Goes

Today is Saturday, December 27, 2025. I was drawn to an op-ed in today’s Daily News that chronicles one of the many ways this terrible regime has screwed many middle-and lower-income Americans in “Tax Unfairness Soars under Donald Trump,” by Gerald Scorse who writes about taxes. Basically, what Scorse points out is that the inequity in the tax structure here has just gotten worse under the Orange Turd. He cites some astounding statistics on the accumulation of wealth and I would like to cite them here for your edification:

  • “If you had worked every single day from the time Columbus sailed to America to the present day and earned $5,000 per day, you would still have less money than Jeff Bezos makes in a week.”
  • “If you had made $100,000 every single day since the year 1 A.D. and saved every penny, you would still have less money than Bill Gates has.”
  • “If you had started working when the human race, Homo sapiens, first walked upright, around 200,000 years ago, and saved $100,000 a year, you would still not have as much money as Mark Zuckerberg has.”

These statistics are shocking to the nth degree. But as we all know from Demented Don’s first year in office, the “One Big Beautiful Bill” was the only piece of legislation he got passed so far – very similar to his first term – and it is this legislation that will create far more inequities for middle-income Americans who will bear a preponderance of fiscal burdens as a result. The tax code, according to David Kamin of NYU, will tilt even more toward the rich. “As a percentage of their income, the poorest 20% will take the biggest hit from this year’s bill,” as cited by Kamin in an assessment of the bill and Grump’s first-term Tax Cuts and Jobs Act.

Real-world effects of this legislation are seen by the nonpartisan Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) in which terrible fiscal consequences will be felt by most ordinary Americans. Specifically, “Over the next decade, (the bill) will cut taxes for the richest 10% of Americans by more than $14,700 per year per household and cut taxes for the richest 1% of Americans by more than $50,000 per year.” CBO and JCT estimates also show the bill will drive up the federal deficit by $3.4 trillion over the next 10 years.

It’s incumbent to mention here that it was repugnicans who unanimously supported the bill, while every Democrat in the House and the Senate voted against it. So don’t forget who is really rooting for the nation’s oligarchs and who is supportive of middle- and lower-income Americans. The enemy of the working Americans is any red hat or moderate Republican, and this fact should never be forgotten.

One of the worst provisions of this bill has to do with the estate tax exemption that was as recently as 2017 was just under $11 million for a married couple. The 2017 Grump tax bill more than doubled that amount, “and his One Big Beautiful Bill puts the exemption at its highest level ever.” Now “it will rise to $30 million for a couple in 2026 – a near tripling of the estate tax exemption by the two Trump administrations, all benefiting the wealthy at the expense of everybody else.” “The numbers mean that the largest untaxed fortunes in American history will now pass from one generation to the next (or, putting it the other way around, the federal government will receive not a penny in tax revenues when those fortunes pass to their heirs).” This is unconscionable.

What is even more unconscionable is that “the bill also includes a last-minute $16 billion corporate giveaway retroactive to January 16 of this year.” This allows companies to deduct asset costs immediately rather than over their lifetime. The passage of this provision so enraged Senator Elizabeth Warren of Massachusetts that she said, “The last thing American families need is a tax code rigged even more for billionaires and billionaire corporations.”

In conclusion, Scorse dubs this awful bill “One Big Ugly Bill,” which has made the rounds on social media platforms right after it was passed. This piece of legislation just paints the current White House occupant as a patsy for powerful rich men and no one else. He is not a president for the people at all, only a small cadre of oligarchs, and he deserves universal rejection by all Americans each and every day he’s decomposing in office.

Have a good Sunday. Hopefully it won’t snow again.

And so it went!

Here is a pic of the snow that fell in the city after 4:30. Between 6 and 9 inches was projected to fall in the area, but I think we got less.

Here’s more of the same white stuff.

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