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Global Security – United States Defense Strategy

United States – U.S.Tax Legislation

United States – U.S.Tax Legislation

Padmini Arhant

Congratulations! On the tax legislation regarded a major overhaul by Republican Congress and administration under President Donald Trump.

As stated earlier on this website on the topic shifting tax burden from the wealthiest to middle class and lower income is not a viable option.  Such maneuvers are always unsustainable as proved in previous administration’s health care reform.

The repeal of mandatory health insurance subscription tied to penalty is a fair measure considering there were no equal requirements and obligations on health insurers despite them granted 35 million additional subscribers through Affordable Care Act aka Obamacare.

The health care industry exponential costs and health insurance conpanies consistent declining of non and minimal invasive treatments essential to patients living normal life stated as experimental course ignoring FDA approval are the norm prioritizing profitability over patient care. Such responses are typically evasive on insurers part rejecting  responsibility and market choice.

The recently passed tax law taxing social security benefits, retirement accounts like 401K and IRA, interests on savings deposits affect ordinary citizens dependent on life savings as financial security. Again the legislation targeting overwhelming majority as tax revenue base would impact consumer spending ultimately hurting retail businesses and upward in the economy,

The generous tax breaks to Corporations and 1% wealthy members in society perhaps offered as tax incentives in creating jobs and the latter to detain capital flight. Unfortunately these actions in the past by earlier administrations both Republican and Democrat in extending Bush tax cuts to these two categories have not deterrred companies from moving jobs overseas and the wealthiest  in expanding offshore investments for self and vested interests.

In case there are any changes anticipated which are seriously doubtful given the trajectory conforming to global economy concept, the results will be reflected in the economy especially the gap between haves and have nots either remaining the same or worsening in some demography.

Tax restructuring was necessary and long overdue. However, not to disproportionate benefits of the rich class and against the average population and middle income groups primarily stimulating cash flow and credit opportunities as first home buyers, home improvements, auto loan and student loan applicants in the economy.

The tax breaks to working families allowing full deductions on property tax rather than capping limits up to $10,000 including other state and local taxes leave ordinary citizens with meager net disposable amount and direct effects on their buying power as mainstream consumers in market place.

Anytime major corporations and 1% are favored the most which has been the trend thus far with any administration and political party in control of Congress, the candidacy promise to them as campaign financiers are duly fulfilled without reciprocation from them exacerbating mainstream plight not to mention the increase in national deficit.

Anything otherwise in this context would be significant and a pleasant surprise which would be verified with passage of time and mainstreet reality.

The individuals on single income or for that matter families deserving tax relief are regular taxpayers unlike the top 1% and big corporations finding ways to evade taxes with profits and assets in tax havens due to different standards in society exempting them from fair share of taxes in return for enormous gains they have at ordinary and average citizens’ expense.

The prospects and drawbacks of any legislation lies in alleviating economic and social inequality. The latest tax legislation upon meeting expectations among citizens across the spectrum would then be a national goal.

Thank you.

Padmini Arhant 

Author & Presenter PadminiArhant.com

Spouse in Divine Mission 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North Korea – Peace Talks

United States – FCC Repealing Net Neutrality and GOP TCJA

United States – FCC Repealing Net Neutrality and GOP TCJA

Padmini Arhant

FCC handed Christmas gift to telecom giants in repealing net neutrality. Federal Communications Commission, the public funded government agency denied the citizens funding this very organization right to affordable and equal access of the internet favoring major telecom and internet companies in return for campaign financing in 2018 and 2020 election.

In doing so, the republican members who voted against net neutrality at FCC meeting having secured campaign funding for their re-election evidently deserted the republican base and supporters affected in net neutrality elimination. They were least concerned about their action impact across party lines and public interest.

When a political party is only focused in serving corporate donors and special interests at their own base and voters expense, the self and vested interests takes precedence over citizens’ rights and equal opportunity. The trend is unfortunate and does not bode well in treating the party loyalists and voters as nothing more than crowd cheering during election campaign and casting ballots to political members turning their back against those granting them power.

GOP tax bill not surprisingly sympathetic to wealthiest and multi-national corporations in their super generous tax cuts to them considering the members serving in the current administration are admittedly multi-millionaires acknowledged by President Donald Trump claiming they understand the importance of wealth better than others not in the same status.

Juxtaposed, GOP fiscal consciousness surface on relieving families in middle and lower income bracket from economic struggles and expanding Medicare and Medicaid to citizens in the prevalent health care law falling short in this regard. The term social welfare is immediately applied to the required action while exempting the super-rich from fair share of taxes, empowering corporate giants with lion share in the market in net neutrality annulment and allowing dominant corporations lateral integration defeating the purpose of market economy.

The definition and meaning of market economy is no longer relevant. Instead of market determining price with consumer rights and choices protected, the major players wish list is duly acknowledged with monopolists thwarting competition.

The latest reversal of net neutrality and tax favors including corporate takeovers establishing antitrust environment hurting consumers and other viable business competitors is capitalism going wild like unbridled horse leaving behind the carriage i.e. the economy represented and functional due to work force and consumers across the spectrum especially the people in the middle and lower economic strata.

No millionaires and billionaires position is sustainable without the people working at various levels enabling the constant flow of goods and services in the economy, their contributions in ideas, innovations to physical manual labor along with average consumers spending essentially boosting retail sales and corporate profitability. The work force and consumer base are the economic engine for businesses to exist and thrive in a market place.

Likewise, no political party or mantle of power is possible in the absence of electorate validating the post from the highest office in land to the bottom in government. The political members pledge of allegiance to campaign donors and other influential forces prompting egregious decisions against citizens, economic and national interest demonstrated soon after election to office until the end of the term is frustrating electorate with elections having become a mere formality.

However, the changing tide demonstrated in Alabama race is an effective popular dissent to status quo.

The argument from corporate representatives on rules and regulations being detrimental to business success claiming the Feds micromanagement of industry cited by FCC chairman Ajit Pai in rolling back net neutrality is the irony.

The economy lacking in or relaxation of standards leading to housing market debacle, finance industry bailouts, energy companies running amuck slighting environment woes, health care industry with insurance companies dictating patient’s treatment rather than leaving life saving decisions to physicians and patient are the tip of the iceberg.

On the contrary, corporations run the government beginning with bidding on candidacy of all political affiliations on campaign trail moving into drafting legislations through relentless lobbying and investment in swaying legislations to their maximum advantage.

Super Pacs funding elections are the norm with prominent donors viz. the Koch brothers – David and Charles Koch, the casino magnate Sheldon Adelson and alike propping the right and capitalist George Soros buttressing the left are somehow not regarded corporate and special interests meddling in government affair that are supposed to represent the mainstream, disenfranchised and segments without a voice in society.

The micromanagement of government and political system by influential forces proved adversarial widening the gap between haves and have nots with ordinary people deprived of dependable and honest representation in all matter not limited to internet access and tax benefits.

GOP recent move in tax reform titled Tax Cuts Jobs Act (TCJA) with disproportionate concessions to wealthiest members and corporate favorites alongside FCC vote ignoring citizens request to spare public domain such as the internet from corporate control are indicative of voter betrayal that could potentially deliver electoral backlash in 2018 and 2020.

The enormous campaign investments and political tactics in maintaining power could only go so far and ultimately governance rely on people support and approval. The government that prioritize citizens basic needs, rights, privileges and majority population economic security and social wellbeing have better chances of survival moving forward.

Finally, FCC vote on net neutrality has unnecessarily created challenges undermining and underestimating citizens will in matter that affects public performance in daily and professional routine.

The restoration of net neutrality in public court or congress is fundamental to preserve democratic and market economy values benefitting all not the selective few.

Thank you.

Padmini Arhant

Author & Presenter PadminiArhant.com

Spouse in Divine Mission

 

 

 

 

 

 

 

 

 

 

 

 

 

United States – FCC Net Neutrality Repeal

United States – Alabama Race

United States – Alabama Race

Padmini Arhant

 

Congratulations! To the electorate in Alabama in defeating harassment and abuse of power by those in position of authority and prominence.

Congratulations! To the candidate Doug Jones on the victory.

Anything that reaches the point of no return or salvation necessitates change that cannot be resisted or defied anymore proving the importance of people power prevailing regardless of money and might displayed in election campaigns and thereafter.

Washington D.C. and nationwide change is possible only through electorate at the polls for any actions after election is subject to political parties maneuvering, internal and external forces influence as well as control over system that denies good and corrupt free governance with fair opportunity for all.

The creation of proxies and puppets is desperate position seeking desperate measures for fake representation and falsehood is unsustainable against test of time and integrity.

Welcome to the era of people consciousness and awakening despite propaganda, deception and subversion of events to maintain status quo on the brink of dissolution.

Thank you.

Padmini Arhant

Author & Presenter PadminiArhant.com

Spouse in Divine Mission

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