Lets talk Biden's first 100 Days

lolwat

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typical liberal, pass over damning evidence while claiming Trump is the bad guy in looking into the corruption the Dems did......
they already convicted a FBI lawyer for lying on a FISA , who then got the FISA to spy on Carter Paige and Trump
Read the actual texts of FBI. Read the court cases. Listen to Comey bragging about sending spies into Trumps campaign




Carter Paige was done dirty. Otherwise the FBI was investigating things like why in the hell your campaign manager is sharing US voter information with a russian operative.

The rest of it is legit. Firing their prosecutor was a matter of public policy in conjunction with our nato allies.

But don't let those facts get in the way.
 

jbskers

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Carter Paige was done dirty. Otherwise the FBI was investigating things like why in the hell your campaign manager is sharing US voter information with a russian operative.

The rest of it is legit. Firing their prosecutor was a matter of public policy in conjunction with our nato allies.

But don't let those facts get in the way.
Did CNN tell you that?
Clapper and Brennan both lied to Congress
Comey lied to congress

we still have the Durham report coming.......
 
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countrybob

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Economy: Reverse Trump's corporate tax cut


Biden has pledged that on his first day as president he will raise corporate income taxes to 28% — compared with the current 21% rate set by the GOP-led tax cuts of 2017. Also, this promise falls under Biden's larger proposed tax plan, which stresses that Americans making less than $400,000 would not pay more in taxes.


Environment: Make the U.S. an international leader on climate change


In one of his longest-standing campaign promises, Biden heads into office planning to reenter the U.S. immediately into the landmark Paris climate accord of 2015. Trump's move to pull the U.S. out of the agreement became official this month after a mandatory one-year waiting period that started when the president formally notified the United Nations.


Racial equity: Extend the Voting Rights Act


Biden has pushed for the passage of laws to strengthen the Voting Rights Act. Legislation to do so passed the U.S. House last year but not the Senate. Biden advocated for extending the original 1965 legislation following the death of civil rights icon Rep. John Lewis of Georgia.


Immigration: Comprehensive immigration changes


Biden has said that on his first day as president he will produce comprehensive immigration legislation that creates a pathway to citizenship for 11 million migrants living in the U.S. illegally. It would also provide a pathway to citizenship for people commonly known as DREAMers, who are part of the Deferred Action for Childhood Arrivals program.


Biden has additionally pledged to make the DACA program permanent on his first day in office, a move that comes after years of Trump administration attempts to rescind the program.


Immigration: Stop family separation at the U.S.-Mexico border


The president-elect has vowed to stop the practice of separating immigrant families trying to enter the U.S. from Mexico. On Day 1 as president, Biden has said he plans to pass an executive order establishing a task force focused on reuniting children and parents separated at the border.



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Immigration: End Trump's executive order banning travelers from some Muslim-majority countries


Biden says he will "immediately rescind" current restrictions that bar people in some Muslim-majority countries from traveling or immigrating to the United States. He supports legislation that would outlaw such restrictions and has vowed to sign off on it as president.

What Biden says he'll do during his first 100 days

Immigration: Reverse a slew of Trump policies, including the construction of a U.S.-Mexican border wall


Within the first 100 days of his administration, Biden says he wants to reform the U.S. asylum system and the treatment of people at the border with Mexico, specifically calling for a stop to the Trump administration's Migrant Protection Protocols as well as to the policy of "metering" asylum cases.


The president-elect also pledges to take away funding toward continued construction of a wall along the southern U.S. border. But Biden says he wouldn't take down parts of the wall that have already been built.



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The president-elect's immigration plan also would increase government supervision over U.S. Immigration and Customs Enforcement as well as Customs and Border Protection, calling for the need to hold personnel "accountable for inhumane treatment." This comes as a whistleblower complaint was filed in September concerning medical conditions at a Georgia immigrant detention center.


Criminal justice: Increase police reform


In response to the national outcry that erupted over police killings of George Floyd and other Black Americans, Biden said he will institute a national police oversight commission within his first 100 days of taking office. It's part of a larger plan to help overhaul policing, including investing $300 million into community policing measures across the U.S. and tasking the Justice Department with investigating possible issues of police and prosecutorial misconduct.


Criminal justice: Enact comprehensive criminal justice reform


As the first step in a set of goals addressing prison reform and crime prevention, Biden says he will quickly push Congress to pass the SAFE Justice Act, proposed by Rep. Bobby Scott, D-Va. The legislation would include taking steps to reduce the use of mandatory minimum sentencing for nonviolent offenses and institute policies geared at lowering recidivism.


Foreign policy: Repair alliances and plan a global Summit for Democracy


Biden has said he intends to "pick up the pieces of Donald Trump's broken foreign policy," vowing to reach out to U.S. allies soon after taking office. Within his first year, Biden wants to plan an international summit where democratic leaders will discuss ways to push back against corruption and authoritarian practices as well as expand human rights.



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Biden also wants to organize a "climate world summit" to assist nations with high carbon emissions to take climate action. Questions remain about how either summit would be doable during a global pandemic.

Other potential early policy steps

It's not clear when we might start seeing some of Biden's big plans for the economy, environment, education system and health care take form — especially as the president-elect may enter the White House with a divided Congress. That said, these plans were substantial parts of his campaign, and his administration is likely to begin addressing them.


Economy: Make major investments in the U.S. economy to boost domestic growth


Biden hopes to create 5 million jobs through a series of large investments geared at benefiting different business areas. His proposed "Made in America" plan would pour $400 billion into procurement measures to boost domestic manufacturing as well as an additional $300 billion into research and development.


Environment: Start on a $2 trillion climate plan


The president-elect also heads into office with an extensive set of environmental goals proposed through his clean energy plan, which includes getting the country to net-zero carbon emissions by 2050.


The proposal calls for a $2 trillion investment, throughout his term, to boost reliance on clean energy and climate sustainable practices. Biden also says that 40% of the funding will be used to support communities disproportionately affected by climate change, as laid out in his environmental justice plan.


Health care: Build on the Affordable Care Act if it isn't too late


A large part of Biden's health care proposal offers a new public option plan that builds on the existing Affordable Care Act, also known as Obamacare. But the ACA's fate remains in question during the rest of Trump's term and into next year.


On Nov. 10, the Supreme Court is set to hear arguments against the ACA from the Trump administration and multiple states. If the justices side with Trump next year when they make their decision, Biden's plans for health care could completely change.


Education: Make first moves in a large education agenda


Biden has laid out extensive plans for changes to higher education as well as pre-K through high school, but he has not expressed many clear deadlines during his first year.


Notably, the president-elect has expressed support for the College for All Act, proposed in 2017 by Sen. Bernie Sanders of Vermont and Rep. Pramila Jayapal, D-Wash., which would eliminate tuition at public colleges and universities for families making up to $125,000. Biden also is advocating for private historically Black colleges and universities and minority-serving institutions to be tuition-free.


The following is a comparison of Biden's and Trump's policies.
I am concerned as some of his proposals could potentially cost my estate nearly half. I started buying land in 1970 my last year of high school. Just curious as to what you think about that?
 
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lolwat

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Did CNN tell you that?
Clapper and Brennan both lied to Congress
Comey lied to congress

we still have the Durham report coming.......

The republican lead senate intel committee investigation of the russia investigation told me.
 

jbskers

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I am concerned as some of his proposals could potentially cost my estate nearly half. I started buying land in 1970 my last year of high school. Just curious as to what you think about that?
he doesn't care, he's about the socialism. Got to make everyone equal
sadly, that equal that is shown in Venezuela and Cuba is misery
 

Bobfather

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I am concerned as some of his proposals could potentially cost my estate nearly half. I started buying land in 1970 my last year of high school. Just curious as to what you think about that?
He doesn’t care as that land doesn’t belong to you it is the countries as Cav is an avowed Marxist!
 
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cavalot

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I am concerned as some of his proposals could potentially cost my estate nearly half. I started buying land in 1970 my last year of high school. Just curious as to what you think about that?
Honestly not sure. This is what I found. But I would need an accountant to make it all make sense.


Im not sure where things stood before his plan.

However.... IF you fall in this category maybe this is what you need to do.

Given the uncertainty of the new tax laws, high-net-worth individuals with estate tax concerns should consider taking advantage of the current heightened exemptions by implementing wealth transfer strategies, such as the following:
  • Intentionally Defective Grantor Trust (IDGT). An IDGT is a type of irrevocable trust that takes advantage of the disparity between income tax and estate tax rules, allowing you to transfer assets in trust for the benefit of your family during your lifetime, thus removing those assets from your taxable estate. An IDGT is structured to cause the trust income to be taxed as a “grantor trust,” so that the income is taxed to you rather than to the trust beneficiaries. This tax payment becomes a gift tax-free benefit to the beneficiaries, which further augments the ultimate value of the transfer because your beneficiaries avoid income tax. This allows the principal of the trust to grow without reduction by income taxes, while your payment of the income taxes further reduces the value of your taxable estate. The IDGT can be structured so that the “grantor trust” status for income tax purposes can be switched off at any time, thereby causing the trust to become a separate taxpayer for income tax purposes. Another benefit is that you can sell assets to the IDGT to freeze the value of those assets for estate tax purposes. The “freeze” occurs because once the assets are sold any subsequent appreciation of those assets will escape the estate tax.
  • Spousal Lifetime Access Trust (SLAT). A SLAT is an irrevocable trust created by you for the benefit of your spouse but the trust terms can also be drafted to provide benefits for your children or other descendants during your spouse’s lifetime. A SLAT is designed so that assets gifted or sold to the trust will be not be includable as part of either your or your spouse’s estate for federal estate tax purposes. Because the assets will not be taxable at you or your spouse’s death, the amount of assets passing to your children or other descendants will be significantly greater, assuming that the assets appreciate in value. A SLAT is almost always structured as an IDGT, so the benefits of “grantor trust” status are realized with a SLAT as well.
  • Grantor Retained Annuity Trust (GRAT). Given the historically low-interest rates, a GRAT is particularly beneficial. A GRAT is an irrevocable trust that you create and fund with assets that are expected to appreciate over time. You retain the right to receive an annuity from the GRAT for a term of years, which is computed by applying the IRS rate of return to the value of the assets transferred to the GRAT. At the end of the GRAT term, the trust’s remaining assets will pass to your family members or trusts for their benefit. If the contributed property appreciates or produces income that outpaces the IRS rate of return, that growth or appreciation will pass to those family members or trusts transfer tax-free.
  • Charitable Lead Annuity Trust (CLAT). If you have charitable inclinations, you may also want to consider a CLAT, which is favorable under the current conditions for similar reasons as described above with respect to a GRAT. A CLAT is an irrevocable trust you fund with assets that are expected to appreciate over time. A charity receives an annuity from the CLAT for a term of years, which is determined by applying the applicable IRS rate of return to the value of the assets transferred to the CLAT. In addition, you receive an immediate income tax charitable deduction equal to the calculated value of the annuity payments. At the end of the CLAT term, the remaining assets will pass to your family members or trusts for their benefit. If the contributed property appreciates at a rate that outpaces the applicable IRS rate of return, that growth or appreciation can pass to those family members (or trusts for their benefit) transfer tax-free.
  • Annual Gifts. You can make an annual tax-free gift of $15,000 per individual (indexed for inflation) that does not count against your lifetime gift tax exclusion. Any amount you give annually above $15,000 counts toward your lifetime gift tax exclusion. If you are able and have sufficient cash flow, consider giving gifts sooner rather than later to help keep future appreciation and subsequent income out of your estate.
These are just a few potential techniques to consider but there may be other beneficial strategies that apply depending on your particular circumstances. Although there are still a number of unknowns, it is important to plan and evaluate your options, especially while the transfer tax exemptions remain at record highs. We cannot predict the actions of Congress but there does appear to be Democratic party momentum to at least implement these changes.
© Polsinelli PC, Polsinelli LLP in CaliforniaNational Law Review, Volume XI, Number 207

 

countrybob

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Honestly not sure. This is what I found. But I would need an accountant to make it all make sense.


Im not sure where things stood before his plan.

However.... IF you fall in this category maybe this is what you need to do.

Given the uncertainty of the new tax laws, high-net-worth individuals with estate tax concerns should consider taking advantage of the current heightened exemptions by implementing wealth transfer strategies, such as the following:
  • Intentionally Defective Grantor Trust (IDGT). An IDGT is a type of irrevocable trust that takes advantage of the disparity between income tax and estate tax rules, allowing you to transfer assets in trust for the benefit of your family during your lifetime, thus removing those assets from your taxable estate. An IDGT is structured to cause the trust income to be taxed as a “grantor trust,” so that the income is taxed to you rather than to the trust beneficiaries. This tax payment becomes a gift tax-free benefit to the beneficiaries, which further augments the ultimate value of the transfer because your beneficiaries avoid income tax. This allows the principal of the trust to grow without reduction by income taxes, while your payment of the income taxes further reduces the value of your taxable estate. The IDGT can be structured so that the “grantor trust” status for income tax purposes can be switched off at any time, thereby causing the trust to become a separate taxpayer for income tax purposes. Another benefit is that you can sell assets to the IDGT to freeze the value of those assets for estate tax purposes. The “freeze” occurs because once the assets are sold any subsequent appreciation of those assets will escape the estate tax.
  • Spousal Lifetime Access Trust (SLAT). A SLAT is an irrevocable trust created by you for the benefit of your spouse but the trust terms can also be drafted to provide benefits for your children or other descendants during your spouse’s lifetime. A SLAT is designed so that assets gifted or sold to the trust will be not be includable as part of either your or your spouse’s estate for federal estate tax purposes. Because the assets will not be taxable at you or your spouse’s death, the amount of assets passing to your children or other descendants will be significantly greater, assuming that the assets appreciate in value. A SLAT is almost always structured as an IDGT, so the benefits of “grantor trust” status are realized with a SLAT as well.
  • Grantor Retained Annuity Trust (GRAT). Given the historically low-interest rates, a GRAT is particularly beneficial. A GRAT is an irrevocable trust that you create and fund with assets that are expected to appreciate over time. You retain the right to receive an annuity from the GRAT for a term of years, which is computed by applying the IRS rate of return to the value of the assets transferred to the GRAT. At the end of the GRAT term, the trust’s remaining assets will pass to your family members or trusts for their benefit. If the contributed property appreciates or produces income that outpaces the IRS rate of return, that growth or appreciation will pass to those family members or trusts transfer tax-free.
  • Charitable Lead Annuity Trust (CLAT). If you have charitable inclinations, you may also want to consider a CLAT, which is favorable under the current conditions for similar reasons as described above with respect to a GRAT. A CLAT is an irrevocable trust you fund with assets that are expected to appreciate over time. A charity receives an annuity from the CLAT for a term of years, which is determined by applying the applicable IRS rate of return to the value of the assets transferred to the CLAT. In addition, you receive an immediate income tax charitable deduction equal to the calculated value of the annuity payments. At the end of the CLAT term, the remaining assets will pass to your family members or trusts for their benefit. If the contributed property appreciates at a rate that outpaces the applicable IRS rate of return, that growth or appreciation can pass to those family members (or trusts for their benefit) transfer tax-free.
  • Annual Gifts. You can make an annual tax-free gift of $15,000 per individual (indexed for inflation) that does not count against your lifetime gift tax exclusion. Any amount you give annually above $15,000 counts toward your lifetime gift tax exclusion. If you are able and have sufficient cash flow, consider giving gifts sooner rather than later to help keep future appreciation and subsequent income out of your estate.
These are just a few potential techniques to consider but there may be other beneficial strategies that apply depending on your particular circumstances. Although there are still a number of unknowns, it is important to plan and evaluate your options, especially while the transfer tax exemptions remain at record highs. We cannot predict the actions of Congress but there does appear to be Democratic party momentum to at least implement these changes.
© Polsinelli PC, Polsinelli LLP in CaliforniaNational Law Review, Volume XI, Number 207

Thanks for taking the time. I read through it and of course is WAY above my pay grade. We just finished our wills-trust and established some long-term low interest rate 20 year notes that the kids can assume. I cringe when I think of how much money we spent over the years buying term insurance and they have expired. I know you don't like Trump but I can tell you he was doing my estate and business a lot of good. It just gets so frustrating. Have lived pretty poor my whole life and building our dream house and wanted to help my kids-grandkids. Sorry to vent, but you seem pretty level-headed. Thanks again.
 
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cavalot

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Thanks for taking the time. I read through it and of course is WAY above my pay grade. We just finished our wills-trust and established some long-term low interest rate 20 year notes that the kids can assume. I cringe when I think of how much money we spent over the years buying term insurance and they have expired. I know you don't like Trump but I can tell you he was doing my estate and business a lot of good. It just gets so frustrating. Have lived pretty poor my whole life and building our dream house and wanted to help my kids-grandkids. Sorry to vent, but you seem pretty level-headed. Thanks again.

I have never said that some of the Trump policies weren't good. I despise him as a person and what the aftermath of his presidency did to our country.

With that said I can honestly say that I can't see a big difference in my style of living from president to president. I have always assumed that I am going to get hammered in taxes... and that had remained true throughout the Trump presidency. I did pay less but it wasn't anything to write home about... and that will all end in 2027 when we all get stuck with a little more makeup tax for the Trump tax cut. Hopefully someone jumps in and adjust that.

Congrats on doing well for yourself... and that is not sarcasm. Hopefully you find a good accountants that can help you make the most of what you built. I will carry term life insurance till the day I die. My mother and father passed away this summer... and they both had life insurance at 80+. That was a blessing as it has paid for lots of expenses that we would have accrued. And it has helped us provide some extra funding for college expenses.

Thanks for the convo.
 

countrybob

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I have never said that some of the Trump policies weren't good. I despise him as a person and what the aftermath of his presidency did to our country.

With that said I can honestly say that I can't see a big difference in my style of living from president to president. I have always assumed that I am going to get hammered in taxes... and that had remained true throughout the Trump presidency. I did pay less but it wasn't anything to write home about... and that will all end in 2027 when we all get stuck with a little more makeup tax for the Trump tax cut. Hopefully someone jumps in and adjust that.

Congrats on doing well for yourself... and that is not sarcasm. Hopefully you find a good accountants that can help you make the most of what you built. I will carry term life insurance till the day I die. My mother and father passed away this summer... and they both had life insurance at 80+. That was a blessing as it has paid for lots of expenses that we would have accrued. And it has helped us provide some extra funding for college expenses.

Thanks for the convo.
Likewise on the conversation. I didn't care for Trump as a person and it's a case of what many have said, didn't want Clinton. Sorry to hear about your parents. Thanks for telling me a little about yourself. I have come to the conclusion that some on here, are basically trolls and I mostly just chuckle. Again Thanks!
 
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countrybob

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Likewise on the conversation. I didn't care for Trump as a person and it's a case of what many have said, didn't want Clinton. Sorry to hear about your parents. Thanks for telling me a little about yourself. I have come to the conclusion that some on here, are basically trolls and I mostly just chuckle. Again Thanks!
I also usually don't pay a lot of attention to who the president is, too busy dealing with all of the everyday agenda. Then I retired 7 years ago, finally got over the proverbial hump. It was at that time I had more time and realized I am entering the last phase of life and became more concerned. Happy for you that you seem to be financially successful. What a relief! Take Care!
 

jsachisler

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chadron, ne.
As a point of reference on a covid relief bill, it is instructive to note that the Obama/Biden team were drafting versions of what became the nearly one trillion dollar stimulus bill, meeting with congress members from BOTH parties, including suggestions from congress members of BOTH parties, well before the inauguration. The massive and complex package passed the House within weeks of the inauguration.

They had specific teams of heavy hitters working on difference aspects of what basically became a three-part bill.

To move such massive legislation so quickly with what ended up being zero Republican support was truly a remarkable undertaking. And thank goodness it happened. For years we were ahead of the curve of other similarly situated western democracies in terms of staging a solid and consistent recovery.

Joe knows how to do this shit. Fingers crossed!
yep joe knows how to do it. 30% popularity
 
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jsachisler

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chadron, ne.
Likewise on the conversation. I didn't care for Trump as a person and it's a case of what many have said, didn't want Clinton. Sorry to hear about your parents. Thanks for telling me a little about yourself. I have come to the conclusion that some on here, are basically trolls and I mostly just chuckle. Again Thanks!
and how is joey doing?
 
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