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December 2021

IRS data proves Trump tax cuts benefited middle, working-class Americans most Justin Haskins

https://www.msn.com/en-us/news/politics/irs-data-proves-trump-tax-cuts-benefited-middle-working-class-americans-most/ar-AARsJrs?li=BBnb7Kz

President Biden and congressional Democrats’ Build Back Better (BBB) Act is now in the hands of the Senate. That legislative body’s 50-50 partisan split will undoubtedly make the bill’s passage difficult.

In order for BBB to become law, Democratic Senate leadership will need to convince moderates such as Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.Va.) that the legislation’s $2.4 trillion price tag can be offset by expanding the IRS and its enforcement efforts while imposing substantial tax reform measures.

Congressional Democrats have argued that one of the best ways to pay for the legislation is to raise taxes on wealthy households, which, according to many on the left, have benefited disproportionately and unfairly from the 2017 tax reform law passed by Republicans and signed by former President Trump. The latest data, however, proves that this claim is pure mythology.

Income data published by the IRS clearly show that on average all income brackets benefited substantially from the Republicans’ tax reform law, with the biggest beneficiaries being working and middle-income filers, not the top 1 percent, as so many Democrats have argued.

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans’ Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent. (For more detailed data, see my table published here.)

That means most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.

Epidemic of smash-and-grab crime is definitely man-made By Jonathan Turley

https://thehill.com/opinion/criminal-justice/584323-epidemic-of-smash-and-grab-crime-is-definitely-man-made

Crime is raging across the country, from violent attacks to brazen shoplifting to mob “smash and grab” attacks. The White House this week had a simple answer for the cause of this rising lawlessness: It was not “defund the police” efforts, or more restrictive policies for police and prosecutors. It was the familiar scourge cited in debates ranging from infrastructure to supply chains to tax increases — the pandemic.

The pandemic now seems to have reached the mythic levels of gods who once were blamed for everything that went wrong in life. Africans had Anansi the Spider, while the Norse had the trickster Loki. Both were known to assume different identities to wreak disorder or steal precious things.

For politicians, it is useful to have a lurking Loki to explain that social problems are not really of their making, the result of their failures. The Loki factor was evident in the press conference this week when Fox News White House correspondent Peter Doocy asked about the rising lawlessness seen in major cities such as New York, Chicago and Los Angeles: “Does the president still think that crime is up because of the pandemic?” White House press secretary Jen Psaki replied that “many people have conveyed that.”

Doocy persisted: “So when a huge group of criminals organizes themselves and they want to go loot a store — a CVS, a Nordstrom, a Home Depot until the shelves are clean — do you think that’s because of the pandemic?” Psaki replied: “I think a root cause in a lot of communities is the pandemic, yes.”

That damned Loki.

Whole stores have been ransacked by gangs, and the crime is sweeping large and small businesses alike. At the same time, shoplifting has reached such high levels in cities like San Francisco that stores like Walgreens are closing up due to the losses.

RUSSIA HOAX WHITEWASH ERA BEGINS (2) BY SCOTT JOHNSON

https://www.powerlineblog.com/archives/2021/12/russia-hoax-whitewash-era-begins-2.php

The Clinton presidential campaign’s fabrication of the Russia hoax is the dirtiest trick in American political history. Beginning with Glenn Simpson/Fusion GPS and the Perkins Coie law firm, it enlisted co-conspirators in the Obama Department of Justice, the FBI, and the mainstream media. The principals are not only still at large, they have achieved high office, wealth, riches, and Pulitzer Prizes. They will never be brought to justice. They won’t even break a sweat.

We were never meant to be clued in. As the veil of the fraud was pierced by Rep. Devin Nunes and others including, most recently, John Durham, we now have a good handle on the con. It is almost unbelievable. It is also an inexhaustibly rich subject.

Matt Taibbi took up the role of the mainstream media at his TK News site in “The Russiagate Whitewash Era Begins” (mostly behind his subscription paywall, but also available in the form of a YouTube video and podcast).

To Taibbi’s assessment we can now add Aaron Maté’s RCP column “Five Trump-Russia ‘Collusion’ Corrections We Need From the Media Now — Just for Starters.” In addition to citing a few of the egregiously ludicrous stories that we paused over at the time, the column takes a look back at some of the Pulitzer Prize-winning Russia hoax journalism of the New York Times and the Washington Post:

In this article, RealClearInvestigations has collected five instances of stories containing false or misleading claims, and thereby due for retraction or correction, that were either among the Post and Times’ Pulitzer-winning entries, or other work of reporters who shared that prize. Significantly, this analysis is not based on newly discovered information, but documents and other material long in the public domain. Remarkably, some of the material that should spark corrections has instead been held up by the Post and Times as vindication of their work.

Fossil Fuel Restriction Dam Starting To Break Francis Menton

https://www.manhattancontrarian.com/blog/2021-12-4-fossil-fuel-restriction-dam-starting-to-break

Somewhere a couple of decades or so ago, the rich parts of the world embarked on a program of replacing energy from fossil fuels (coal, oil, natural gas) with energy from intermittent “renewables” (mainly wind and solar). In trendy academic, journalistic, and otherwise progressive circles, the idea took hold that this was the way to “save the planet.” This program was undertaken without any detailed engineering study of how or whether it might actually work, or how much it might cost to fully implement. In the trendy circles, there took hold a blind faith in the complete ability of the government, by dispensing taxpayer funds, to order up whatever innovation might be needed to move us forward to this energy utopia.

The latest UN-orchestrated effort to implement the renewable energy program, known as COP 26, has just broken up. To read the verbiage emanating from the affair, all is on track, if a bit slower than one might have hoped.

But I have long predicted that this program would come to an end when (absent some miraculous innovation that nobody has yet conceived) the usage of the renewables got to a sufficient level that their costs and unworkability could not be covered up any longer. Until very recently the pressure of elite groupthink has been able to maintain a united front of lip service to the cause. But consider a few developments from the past few weeks, just since the end of COP 26:

Japan

Japan tends to keep its head down in international affairs, and at COP 26 signed on to the happy talk group communiqués without raising any particular issues. But there is no getting around that Japan has the third largest economy in the world — after the U.S. and China, and larger than any European country — so its actions in energy policy are inherently significant. Also, Japan has relatively little energy production of its own, is heavily dependent on imports, has harsh winters, and has a growing Chinese military and economic threat right on its doorstep. Is Japan really going to trust its fate to intermittent wind and solar energy?

On December 1 Bloomberg reported: “Japan Is Backing Oil and Gas Even After COP26 Climate Talks.” It seems that this rather significant country may be seriously re-thinking the move away from fossil fuels. Excerpt:

Government officials have been quietly urging trading houses, refiners and utilities to slow down their move away from fossil fuels, and even encouraging new investments in oil-and-gas projects, according to people within the Japanese government and industry, who requested anonymity as the talks are private.

To Deny the “Lab Leak” COVID Theory, the NYT and WPost Use Dubious and Conflicted Sources A bizarre and abrupt reversal by scientists regarding COVID’s origins, along with clear conflicts of interest, create serious doubts about their integrity. Yet major news outlets keep relying on them. Glenn Greenwald

https://greenwald.substack.com/p/to-deny-the-lab-leak-covid-theory?token=e

That COVID-19 infected humanity due to a zoonotic leap from a “wet market” in Wuhan — rather than a leak from a lab in the same Chinese city — was declared unquestionable truth at the start of the pandemic. For a full year, anyone dissenting from this narrative was deemed so irresponsible that they were banned from large social media platforms, accused of spreading “disinformation.” No debate about COVID’s origins was permitted. It had been settled by The Science™. Every rational person who believed in science, by definition, immediately accepted at the start of the pandemic that COVID made a natural leap from bats or pangolins; that it may have escaped from a lab in Wuhan which just so happens to gather, study and manipulate novel coronaviruses in bats was officially declared a deranged conspiracy theory.

The reason this consensus was so quickly consecrated was that a group of more than two dozen scientists published a letter in the prestigious science journal Lancet in February, 2020 — while very little was known about SARS-CoV-2 — didactically declaring “that this coronavirus originated in wildlife.” The possibility that COVID leaked from the Wuhan lab was dismissed as a “conspiracy theory,” the by-product of “rumours and misinformation” which, they strongly implied, was an unfair and possibly racist attack on “the science and health professionals of China.”

Rogues Are on the March Around the World Iran and Russia give every sign they don’t take President Biden seriously.

https://www.wsj.com/articles/rogues-are-on-the-march-russia-kremlin-ukraine-putin-iran-nuclear-putin-xi-china-biden-11638724476?mod=hp_opin_pos_3#cxrecs_s

If you think President Biden has trouble at home, take a look at what’s happening around the world. Iran, Russia and China are all seeking to establish new regional hegemony, and they’re often working together to do it. Their leaders don’t appear to believe Mr. Biden can or will do anything to stop them.

Iran revealed its disdain for U.S. entreaties last week as nuclear talks resumed in Vienna. The U.S. opened the proceedings with a sanctions waiver to let Iran sell electricity to Iraq. The result? A senior U.S. official conceded Saturday, after the latest round of talks finished, that Iran had shown no willingness to slow its uranium enrichment and even walked back its agreements from previous rounds.

U.S. and European officials briefed the press about Iran’s intransigence but seemed at a loss about how to respond. The Iranians are “continuing to accelerate their nuclear program in particularly provocative ways,” a U.S. official told the press on background, and their “latest provocation” was preparing “for the doubling of their production capacity of 20% enriched uranium” at its secret Fordow facility.

Sounds serious. So what is the U.S. prepared to do? It will beg Iran some more to return to the table with a better attitude.

“The world is prepared to support a mutual return to compliance by both sides. The world is prepared even to engage economically with Iran and diplomatically with Iran. But for that, Iran has to show seriousness at the table and be prepared to come back in short order in compliance with the deal,” the U.S. official said. Pleading with Iran to do what it has already refused to do will reinforce the view in Tehran that it will pay no price if it keeps enriching uranium until it gets to the brink of having a bomb.