{"id":178872,"date":"2018-07-30T18:44:00","date_gmt":"2018-07-30T23:44:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/07\/30\/as-the-scorpion-said-its-in-my-nature\/"},"modified":"2018-07-30T18:44:00","modified_gmt":"2018-07-30T23:44:00","slug":"as-the-scorpion-said-its-in-my-nature","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/07\/30\/as-the-scorpion-said-its-in-my-nature\/","title":{"rendered":"As the Scorpion Said, &#8220;It&#8217;s in My Nature.&#8221;"},"content":{"rendered":"<p>It looks like after a massive tax cut that has not, and will never, trickle down to ordinary folks, <a href=\"https:\/\/www.nytimes.com\/2018\/07\/30\/us\/politics\/trump-tax-cuts-rich.html\">Trump and his Evil Minions<sup>\u2122<\/sup> have decided to give even more money to the overprivileged<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Steven Mnuchin, the Treasury secretary, said in an interview on the sidelines of the Group of 20 summit meeting in Argentina this month that his department was studying whether it could use its regulatory powers to allow Americans to account for inflation in determining capital gains tax liabilities. The Treasury Department could change the definition of \u201ccost\u201d for calculating capital gains, allowing taxpayers to adjust the initial value of an asset, such as a home or a share of stock, for inflation when it sells.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cIf it can\u2019t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we\u2019ll consider that,\u201d Mr. Mnuchin said, emphasizing that he had not concluded whether the Treasury Department had the authority to act alone. \u201cWe are studying that internally, and we are also studying the economic costs and the impact on growth.\u201d<\/span><\/p><\/blockquote>\n<p>They really seem to subscribe to the Leona Helmsley theory of taxation, &#8220;We don&#8217;t pay taxes; only the little people pay taxes.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It looks like after a massive tax cut that has not, and will never, trickle down to ordinary folks, Trump and his Evil Minions\u2122 have decided to give even more money to the overprivileged: The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[446,573,364,374,437,480,454],"class_list":["post-178872","post","type-post","status-publish","format-standard","hentry","tag-budget","tag-donald-trump","tag-evil","tag-politics","tag-regulation","tag-taxes","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178872"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178872"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}