Democratic leaders amp up pressure on holdouts of Biden agenda - TheHill

He declined to specify how many moderates remain in that category, but said it’s enough to prevent even the rule on the bill from passing if it’s brought to the floor without resolving those outstanding issues.

C’mon guys! Just vote for the thing, it doesn’t matter what’s in it! Plus, you’ll love the consulting jobs that you’ll get after voters kick you out of office next year.

House Democrats Add Paid Leave, State-and-Local Tax Deduction to Bill - WSJ

The House plan would raise the $10,000 cap on the state and local deduction to $72,500

Hooo eeee! Nice to see the Democratic Party delivering urgently needed tax relief to the ultra-wealthy!

But other Democrats have criticized efforts to repeal or lift the cap, arguing that it will primarily benefit the wealthy.

What? That’s crazy! Don’t hard working average Americans pay their State and local governments $72,500 a year in taxes?

For instance, the bill would create a new tax credit for companies that employ local news journalists, expand a tax break for employers that pay for child care and allow deductions for union dues and employee uniforms.

And free ice cream for all!

Democrats restricted a proposed tax credit for plug-in electric vehicles. Earlier versions of the legislation had allowed the full credit for married couples making up to $800,000; that is now reduced to $500,000.

Finally, some fiscal responsibility.

McAuliffe Was Right! Victorious Youngkin Pulls Off Mask To Reveal He’s Been Trump All Along - The Babylon Bee

“Hello, haters and losers!” Trump yelled. “I win again! Now I’m president of this state! Forty-nine more to go!”

I love the quotes they come up with. I can totally hear Trump saying that.

Trump Forced To Start From Scratch On His ‘Dems Rigged The Virginia Election’ Speech - The Babylon Bee

“Sad! Not good!” Trump reportedly exclaimed as he watched the results coming in on Newsmax.

Ugh, what a waste!

The latest version of the Reconciliation Bill allows the Backdoor Roth IRA to remain until couples hit that $450,000 income magic mark.

If a couple makes:

• $208,000 or less: Direct Roth Contributions.
• $208,001 - $449,999: Use the Backdoor Roth
• $450,000+: No Roth for you!

Why not just open the Roth option to couples up to $450,000 and then there’s no controversy? Backdoor Roths take one extra step, one extra day, and one extra tax form. It’s the same thing.

This is the problem, though, when you try to write tax legislation that at least 50 senators oppose in less than 2 months.

And at the end of the day, we’re talking about the taxability of $12,000 a year. That’s 2.6% of a $450,000 income for the entire year. Upsetting the entire apple cart over $4,500 in actual taxes due.

I really, really like having a HomePod on my desk.

Pelosi Says House Democrats Will Add Paid Leave Back to Bill - WSJ

Some Democratic lawmakers said the party’s loss in the Virginia governor’s race Tuesday underscored the need to quickly pass both the social spending and climate plan and a parallel infrastructure bill that has been held up in the House.

When you misread the first pitch, what’s to keep you from misreading the second?

White House officials said they hoped the Democrats’ weak election showings Tuesday would prod lawmakers to act swiftly to approve Mr. Biden’s legislative agenda, arguing that voters want action from Washington, and that sentiment was echoed on Capitol Hill.

Economy was the #1 issue for voters in Virginia and NJ, so pouring trillions of new spending, stimulus, and fiscal giveaways on top of inflation teetering on the edge of running away seems ill-advised. These two bills are going to keep the economy artificially suppressed and turn up the economic misery in the near term.

Home warranties, like all warranties, are a waste of money.

💸

November morning.