Category Archives: 2020 Election

Former Pence Staffer Repents, Recants

“At this point, it’s country over party.” [Update: alternate link 1 & alternate link 2]

Pity that RVAT (“Republican Voters Against Trump”) looks so much like “RAT”.

Posted in 2020 Election, COVID-19 | Leave a comment

#TrumpIsNotLikeYou

From Don Winslow Films. See video here if above isn’t showing.

Posted in 2020 Election | 3 Comments

It Only Looks Like Fear-Mongering on Social Security

On its face, the Biden campaign’s latest ad could reasonably be accused of fear-mongering about Social Security, doing so in the time-hallowed way that campaigns have adopted for a couple of decades–but for the fact that all of the ad’s claims are … wait for it … accurate.

Click here if the video above is not showing up in your browser.

As the Washington Post’s Paul Waldman put it,

If he wins the election, Trump vowed, he will “terminate the payroll tax.” He added: “We’ll be paying into Social Security through the general fund.”

[…]

The Biden ad assumes that Trump would eliminate the employee half of the payroll tax (it’s paid equally by employers and employees), which would indeed render the program unable to pay all its benefits in just a few years.

I should say at this point that even if Trump is never going to do this, and even if Biden is being accurate in how he characterizes what Trump is proposing, this comes after years of conservative fearmongering about the fate of Social Security, in particular the inaccurate idea that in a short time it will “go broke.”

For the record, before the local troll gets excited, here’s my view on Social Security:

  1. We should start now — ideally should have started yesterday — to make plans to properly fund Social Security into the demographic future.

  2. In an ideal world, we’d actually do some form of what Trump proposed: kill the employee portion of the tax, which is regressive, and fund SSA out of general revenues, which are less regressive. But we don’t live in an ideal world, and that strategy would risk exposing Social Security to cuts as it competes with other priorities. And the GOP has long been supported cuts to Social Security to pay for the 1%’s tax cuts (under the guise of balancing the budget), so if Social Security funding falls into the general fund, its likely in trouble, and very likely in trouble if Mitch McConnel still controls the Senate, and never more so than in the coming years if and when we decide to pay off some of the Trump deficit.

  3. Thus, a second-best solution would be to lift the cap on the tax, so that wages above the first $137,700 of annual income get taxed at the same rate (or higher?) than wages to less-well-paid workers. To the extent that this wouldn’t fill the gap — an extent that would depend on how soon we start it — we should earmark some other progressive tax to make up any shortfall.

Posted in 2020 Election, 98%, Econ & Money, Law: Tax | 3 Comments

Who is the loser now?

VoteVets’s new video:

Actually, we all are…

Posted in 2020 Election | 5 Comments

The Ultimate Insider’s View of Trump

Michael Cohen previews Trump’s speeches at the GOP Convention.

Posted in 2020 Election, The Scandals | Leave a comment

Sincerely, Estella

From the DNC last night:

Posted in 2020 Election, Immigration | 1 Comment