Connect with us

Opinion

‘Urgent’ rush to exploit needs to dump billions on Democrats’ agenda

Published

on

'Urgent' rush to exploit needs to dump billions on Democrats' agenda

President Biden claims his $1.9 trillion COVID-19 “relief” package is a matter of life and death. In reality, most of it isn’t remotely urgent, or even worthwhile. It’s just Democrats exploiting Americans’ real needs to forward their own wish list.

Speaker Nancy Pelosi aims to ram it through the House Friday on a party-line vote. She has to, because only $600 billion, less than a third of the total, is for actual relief efforts that Republicans would support.

Remember, this is all on top of the $4 trillion in COVID relief passed last year.

An analysis from the Committee for a Responsible Federal Budget notes that only 1 percent of the bill’s total spending will aid vaccine distribution; other pandemic-related public-health needs make up only 5 percent. Meanwhile, 15 percent goes to long-standing lefty priorities like expanding ObamaCare subsidies.

Plus, much of the “relief” cash is for people who don’t need it. Nearly half of the package “targets” households and local governments that have experienced little to no financial loss during the pandemic.

“Relief” just doesn’t justify the bill’s $350 billion to pad state budgets, not even allocated by the existing bipartisan budget formula: Most of the cash goes to blue states like California, which is looking at a $15 billion surplus. Thanks to past “relief” windfalls, even New Jersey, though hard-hit by the virus, is rolling in dough: Trenton’s so flush that it’s making its first full payment to its state pension system in 25 years.

Biden specifically vowed to help “people who are hurting,” who his press secretary Jen Psaki later defined as families with two earners in stable jobs raking in up to $120,000 a year. Huh? Census Bureau data show that most households earning more than $50,000 have seen zero income loss in the pandemic, yet this bill aims to send checks to those collecting more than twice that level.

Another puzzle: The “urgent” needs somehow include $670 billion set aside for spending years from now, in fiscal years 2022 and later.

Outlays in the name of helping schools reopen, for example, total $128 billion. But schools have yet to use even half of $100 billion in aid already granted — and it’s overwhelmingly teachers’-union resistance, not actual need, that has so many schools still shuttered. Oh, and school systems that aren’t even trying to reopen will still get aid.

Yet the only part of the bill that’s in clear trouble is the mandate to boost the federal minimum wage to $15 over the next four years. The Congressional Budget Office estimates that would cost the nation 1.4 million jobs — and even if it didn’t, it has absolutely nothing to do with pandemic relief.

The package tosses millions to a host of other irrelevant causes, from $100 million to the Environmental Protection Agency for “environmental justice” and reducing air pollution to $10 million for preservation of Native American languages. Not to mention pet projects like $112 million for a new rail tunnel for San Francisco (Speaker Pelosi’s town) and $1.5 million for Sen. Chuck Schumer’s pet Seaway International Bridge.

Rep. Adriano Espaillat (D-Harlem) has it right: All these giveaways are “embarrassing.” For all Biden’s talk of unity, his first big move out of the box is a bid to exploit the nation’s crisis for an utterly partisan spending spree.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Opinion

Letters to the Editor — June 12, 2021

Published

on

Letters to the Editor — June 12, 2021

The Issue: A teen gang member who allegedly shot a young father while released on reduced bail.

How many people have to die for these idiot judges to realize that “leniency” doesn’t turn violent, recidivist criminals into good citizens (“Free to kill,” June 10)?

If anything, it encourages their psychopathy and teaches them that there is essentially no punishment at all for their violent acts.

Innocent and good people get hurt because judges like acting Criminal Court judge Denis Boyle try more to show just how liberal they can be.

If anything, these judges are even more guilty than the perpetrators they treat with kid gloves, because they should know better.

Thanks to jerks like this judge, our lives become that much more endangered — all in the name of deadly, blind and inexplicably stupid “liberalism.”

Norman Gold

West Hempstead

I don’t think I’ve ever been so emotional while submitting a letter to The Post.

I’m filled with both rage and sadness while looking at the photos of a defiant reputed punk gangmember, a clueless judge and a grieving family.

Would Rep. Alexandria Ocasio-Cortez or Maya Wiley suggest group therapy in lieu of incarceration for Alberto Ramirez?

T. King

Manhattan

Judge Boyle reminds me of the hand-wringing, breast-beating progressive jurists who contributed enormously to the decline of New York City in the 1960s and 1970s with their revolving-door sense of justice.

I guess Judge “Cut ’Em Loose” Bruce Wright was Boyle’s inspiration. It is evident that Boyle, like all too many other New York jurists past and present, regards criminals as the true victims of a racist society, which is entirely to blame for their behavior.

Now a law-abiding minority father of two is dead, apparently thanks to Boyle’s decision to dramatically lower bail on this clearly violent and dangerous gunslinger.

It is doubtful that a liberal ideologue like Boyle will lose any sleep over this, any more than he lost sleep over the various victims of other miscreants that he let loose on the citizenry of this city over the objections of prosecutors.

Dennis Middlebrooks

Brooklyn

Judges are supposed to possess a lot of wisdom, so why does Judge Boyle seem to have less wisdom than a wisdom tooth?

Two months after Alberto Ramirez was arrested for an October shooting, he was re-arrested for another gun crime.

Yet after his bail was set to only $2,000, Boyle set him free with no bail. After a third gun arrest in February, Ramirez was again locked up — until Boyle lowered his $75,000 bail to $10,000, thus enabling Ramirez to be free to allegedly shoot Eric Velasquez to death on May 16.

That’s not surprising, since Judge Boyle had previously released manslaughter-charged Jordan Benjamin so that he was free to slash a young woman across her abdomen (and yet be re-released on $3,500 bail).

I daresay that Boyle’s public-be-damned judicial decisions make him somewhat akin to a boil on the backside of justice.

Richard Siegelman

Plainview

It would be interesting and enlightening if a question was posed to mayoral and district attorney candidates regarding the cover subject “Free to Kill” in the June 10 paper.

How do candidates feel about Alberto Ramirez being freed with his prior arrests and then allegedly randomly killing Eric Velasquez? How would each of them address the issue of the shooter being freed numerous times?

This isn’t about police, this question is about policy regarding imprisonment, bail, safety and how they want to run New York City.

Peter Wunsch

East Hampton

Judge Boyle has blood on his hands.

He has repeatedly set free thugs who go on to hurt innocent people.

RIP, Eric Velasquez.

Laura Whitley

Garden City

Want to weigh in on today’s stories? Send your thoughts (along with your full name and city of residence) to [email protected]. Letters are subject to editing for clarity, length, accuracy and style.

Continue Reading

Opinion

An illegal and fake hit job on wealthy US taxpayers

Published

on

An illegal and fake hit job on wealthy US taxpayers

ProPublica obtained the tax returns of the richest Americans and discovered what every informed person already knew: They don’t pay as much in income taxes as some people would like them to. This is being called a great scandal by many Democrats and liberal journalists.

Meanwhile, that these returns were almost surely leaked by someone at the IRS seems not to bother a lot of the same people. There’s no way ProPublica got this information from dozens of high-priced accountants and attorneys. Barring the possibility that this was a computer hack — which itself would be a monumental scandal — this is outrageous. Weaponizing the IRS for political purposes is not just a crime; it is a long-term political disaster.

But I want to focus on the fake scandal.

Billionaires often pay little in income taxes, because billionaires don’t typically make their money from a salary. Billionaires exist for the most part because they own assets — stocks, businesses, commodities, property, etc. — and the paper value of those assets amounts to bulk of their wealth. And in America, we do not tax wealth.

Nor should we.

Let’s say you collect baseball cards. On paper, your collection is worth a bundle. But its real value is only realized when you sell it. Do you think the IRS should tax you every year for what your collection could be worth if you sold it? Do you want the IRS to tax you for the value of your wedding ring — not at purchase, but forever — even if you’re never going to sell it?

The same principle applies to other unrealized gains. If your stock portfolio increases in value, you get taxed on your gains when you sell.

ProPublica ignores all this. “We compared how much in taxes the 25 richest Americans paid each year to how much Forbes estimated their wealth grew in that same time period,” they explain. “We’re going to call this their true tax rate.”

Except it’s not a true tax rate.

First, this suggests that the only taxes they’ve paid are income taxes, when in reality they’ve paid a slew of other taxes: capital gains, property, sales, etc. Second, wealth is not income.

About a decade ago, it was a hot talking point on the right to complain that some 47 percent of Americans had no “skin in the game” because they didn’t pay income taxes. This got reduced to a lot of bad rhetoric about “makers and takers.” Liberals (rightly) shot back that the same Americans paid a lot in payroll and other taxes.

Why is conflating “taxation” with “income taxes” wrong for some Americans but speaking truth to power for others?

By the way, according to the Tax Foundation, in 2018 the top 1 percent of American earners paid more in income taxes (40.1 percent) than the bottom 90 percent combined (28.6 percent).

Also, it’s worth remembering that the tax laws have been written in ways to encourage things such as business investment, economic growth and charitable giving. I’d prefer a flatter, simpler tax code that eliminated a lot of this stuff. But when people complain that the tax code favors corporations and the wealthy, they’re ignoring the fact that it was written to advance all sorts of policies they like.

Want corporations to invest in green energy? Don’t whine when they use tax incentives to do just that. Want billionaires to fund charities or invest in new job-creating businesses? Fine, but then don’t freak out about “loopholes” that allow them to reduce their tax bill. These are features, not bugs.

Of course, reasonable people can argue for changing those features, but that would have costs, too.

The underlying premise of the people complaining the loudest about all of this is inherently unreasonable. For instance, politicians like Sens. Bernie Sanders and Elizabeth Warren often claim that if billionaires and millionaires simply ponied up a fraction of their wealth, we could have socialized medicine and a Green New Deal.

No, we couldn’t. You could confiscate all of the wealth of the top 1 percent — seize their bank accounts and stock portfolios, kick them out of their homes, sell all their stuff at auction — and it wouldn’t come close to paying for it all.

But let’s pretend it would work. What next? Everyone tries to minimize their tax burdens. Eliminate the incentives for people to get rich, or to invest, or to hire, and — ta-dah! — people will stop doing those things. Maybe not all of them. But enough of them to make us all poorer.

 Twitter: @JonahDispatch

Continue Reading

Opinion

Democrats’ disastrous ‘voting rights’ bill is a non-solution to a non-crisis

Published

on

Democrats’ disastrous ‘voting rights’ bill is a non-solution to a non-crisis

H.R. 1 has achieved sacrosanct status on the center-left, such that the nation’s democratic future is said to depend on it. If so, it is time to weep for the republic.

H.R. 1 (S. 1 in the Senate), which is known as a voting bill but wanders into all sorts of other areas, is objectively terrible legislation.

It is unfocused, high-handed in its impositions on the states, careless of speech rights and constitutionally dubious. Absent some radical turnabout, the bill is dead in the Senate, and it deserves to be.

The core of the bill forces every state to adopt automatic voter registration, same-day registration, no-excuse absentee balloting and early in-person voting, among other mandates.

The case that the bill will save democracy depends on the myth that voters are being turned aside in droves by onerous restrictions in the states — even though turnout in last year’s presidential election was the highest since 1900.

States like Georgia have tightened up their rules since that election, in part in reaction to Donald Trump’s ongoing campaign of disinformation, but these provisions are in many cases improvements and certainly don’t constitute Jim Crow 2.0.

In short, H.R. 1 is a non-solution to a non-crisis.

Even if you believe that, for instance, same-day registration is the preferable policy, it’s not remotely plausible that is the difference between democracy and authoritarianism in America. According to the National Conference of State Legislatures, only 20 states and Washington, DC, have same-day registration, and yet we’ve still had free and fair elections, including in those states — among them, New York, Massachusetts, Rhode Island, New Jersey and Oregon — without it.

There’s also no reason to wipe out every voter-ID law in America, when research shows that even strict ID laws have had no effect on turnout.

So long as they aren’t actually disenfranchising people (which none is), states should be able to adopt the mix of voting rules that their democratically elected officeholders deem appropriate and that suit their particular political cultures.

If the goal is to increase confidence in the electoral system, by the way, having a narrow partisan majority in Congress make it harder for states to maintain clean, up-to-date voter rolls (as H.R. 1 does) at the same time it wipes out ID requirements is not the way to do it.

Then there are all the other provisions. Do we really need Congress, in its wisdom, to write an ethics code for the Supreme Court? What’s the urgency to adopt public financing of congressional elections and make taxpayers fund political candidates they oppose? Why does the composition of the Federal Election Commission need to change to make it less bipartisan?

H.R. 1 is a free-speech disaster.

As Bradley Smith, a former chair of the FEC explains, to this point, the definition of electioneering in election law has taken care to provide wide latitude for general policy advocacy. H.R. 1 broadens the definition to treat more ads as election expenditures, crimping the ability of groups to criticize elected officials.

The bill would also make more organizations disclose their donors, opening them up to intimidation.

Walter Olson of the Cato Institute has catalogued the constitutional problems with H.R. 1:

  • Congress has the authority under the Constitution to determine the “time, places and manner” of congressional elections, but less power over presidential elections, which H.R. 1 seeks to micro-manage anyway.
  • The mandate that all states form election commissions to determine redistricting is constitutionally vulnerable as federal overreach.
  • The stipulation that presidential candidates release their tax returns might be impermissible as a qualification on candidates beyond what’s in the Constitution.
  • The speech restrictions and disclosure requirements could well run afoul of the First Amendment.

Unless Joe Manchin has a sudden change of heart, H.R. 1 is heading to the legislative dustbin. Good riddance.

Twitter: @RichLowry

Continue Reading

Trending