Running a business? Then, you know that money you spend for meals – or entertainment- that are business related are not fully deductible. Oh, sure, if you spend $ 100 wining and dining a client, your profits have been reduced by $ 100. Except that’s not how it appears on your Schedule C or Form 1120 or Form 1065. Because only 1/2 of that expense is deductible.
For some 7 years now, all we’ve been hearing from the GOP is that Obamacare (aka PPACA- the Patient Protection and Affordable Care Act, aka ACA) is horrendous, it’s failing, and it must be repealed. But, we’ve seen what the House GOP produced- and now the Senate GOP has just proved that they can produce something worse that Obamacare. MUCH, MUCH, Worse.
I’ve been advocating a change in the business income tax for a long time. And (of course), I consider my proposal to be extremely brilliant. Far better than the 1 page change in all taxes proposed by TheDonald or the (sometimes proposed, sometimes withdrawn) special duty tax to be imposed on imports. Because my method collects revenue (as opposed to draining it- hoping for an insane 3% growth- AND the need for a magic potion to harvest funds that never appear) and is equitable.
As of right now, there is not a lot of data. But, at Simpson Field (Alexandria), where i coached many a little league team and where my children enjoyed playing, at least 50 shots have injured (and perhaps killed) aides and elected officials practicing for a Charity Congressional baseball game. Please pray for all injured and let’s get rid of these guns that so easily devastate our lives- and, now, even our dysfunctional government.
You’ve all heard folks ask this- Are you still happy with the folks for whom you voted? This year, it’s been terribly poignant, since so many folks fell for the bait and switch politicians. The ones who promised to do A and then promptly did B- or nothing at all.