So, this is how it's going to be for the next four years, huh Senator Liz? Time spent on senseless legislation, time taken away from the business of the country like stopping people from invading our borders, ridding the streets of criminals, improving our schools and creating jobs. All so you guys can play games and get you some face time on the Sunday talk Shows?
It's bad enough the dems look like petulant children led by Minority Leader Chuck Schumer talkin’ all big about how Senate Democrats are going to screw Donald Trump in his *** over his Supreme Court nominee. But now Lizzy and some of her Senate pals including Dianne Feinstein, have introduced some silly new legislation to try and screw over all of Trump’s rich cabinet nominees.
"Senate Democrats … introduced legislation on Tuesday that would place a $1 million limit on the amount of capital gains Trump or his nominees could defer paying taxes on. Warren argued the move would block Trump’s Cabinet from getting “another special favor.”
“Not only is Donald Trump giving a gang of billionaires control of our government, he’s offering them a special tax break just for signing up,” she said.Sounds familiar don't it. So here's the deal:
Remember that thing about how Trump’s cabinet picks have combined net worth greater than a half a dozen African nations put together? (insert anti-capitalist SJW yells) Uh huh, they are rich. And when cabinet members are picked, they tend to have to sell whatever assets they have that could cause conflicts of interest. People who have ONE BILLION ASSETS have a lot of stuff to sell, and they usually stick the proceeds in Treasury Bonds or mutual funds or whatever are considered OK for them to have, by ethical standards.
As the Washington Post helpfully explains, there is a law “designed to help ease the sting of being forced to suddenly sell investments,” that lets all these new appointed officials defer having to pay taxes on the capital gains they suddenly have, from selling all their sexy stocks in Walmart or Boeing etc. They still owe the taxes down the road, let’s say, if they sell the Treasury Bonds they stuck their capital gains moneys in, but if they just keep their many moneys where they are, then it's TAX FREE! The law seems to make sense, even for normal rich people who weren't planning to sell all their investments right then and there.
But OH NOES! These wealthy congress critters like Senator Lizzy , who I might remind you wrote most and agreed to the ethics rules as well as the tax laws that keep their rich donors rich as to suck coin from them every election cycle, decide now The Donald's cabinet picks are way too rich! And they mustn't have the legal tax breaks anyone else would receive.
Well I guess it's good for laugh on the right side of the isle, the bill will never see the light. But it does sends a limp wristed message that they might be in the minority, but they’re going to do everything in their power to be as much of a pain in the ass to the Trump administration as they possibly can.
The more things change the more they remain the same. And just as 'The Weasel of the Senate', Harry Reid failed to learn when Barky Obama handed the congress over to the Republicans, the 115th addition of congressional democrats will have to learn the hard way: DON’T START NO SHIT WON’T BE NO SHIT.