Hospital price transparency
A federal judge has upheld a Trump administration policy that requires hospitals and health insurers to publish their negotiated prices for health services, numbers that are typically kept secret.
https://www.nytimes.com/2020/06/23/upshot/hospitals-lost-price-transparency-lawsuit.html
Why is harming east coast people a good thing?
I thought salt as a deduction was eliminated entirely, not just capped. Sounds bad to me for us who pay state taxes
Trump thinks itâs a good thing because they mostly arenât Republicans.
We all pay state taxes, just like we all buy food and clothing and cars and ⌠I donât see any reason to pull out that one expense and make it deductible. It adds complexity to the code and results in higher marginal rates (or higher debt, or fewer govât services).
Federalism. Taxing people on money they already paid to the state reduces the power of the states to tax, in a small way.
I donât think thatâs a compelling reason, but thatâs the reason it was traditionally deductible.
Trumpâs warp speed plan credited with moving the vaccine along:
https://www.cbc.ca/news/health/operation-warp-speed-trump-pfizer-moderna-vaccine-1.5806820
One thing he did âwellâ was damn the torpedoes, ignore everything and just go. In this case that approach was beneficial.
Getting a Covid vaccine will be a win.
Itâs not over yet. Heâs clearly trying to salt the earth for Biden.
confused by what youâre saying since we donât all pay state taxes, only residents of certain states do and it sounds like itâs harming us.
Well, it looks like weâre both confused. Every state and local government has taxes. The big money is in sales tax, income tax, and property tax. Everyone pays one or more of them.
Iâve never seen âfederalismâ used specifically before, though the deduction certainly supports more state and local spending/taxes.
I have seen âavoid double taxationâ and âsubsidize state and local expenditures because the federal govât has more moneyâ.
well, NY has all 3 of those, so it was nice that we got a federal tax deduction for income tax paid to the state. seems like repealing SALT just harmed states like NY and wasnât a good thing.
Or, it stopped the unequal harming of the other states, so itâs a good thingâŚ
Potato, Potahto.
I agree with Curious George. Itâs true that capping the SALT deduction raised taxes on high income individuals living in high tax states/localities. It made the FIT both simpler and more progressive. Somewhere, somebody else benefitted.
I prefer taxes which are simple and progressive, so to me the change is a âGood Thingâ.
Exposed the numerous flaws in the U.S. legal system around Presidents, the weakness of Congressional subpoenas, and the ability of wealthy people to cheat the tax system.
Dangit. I was about to post that!
Also huh, really awkward that replies to the post directly above arenât designated as such. Couldâve sworn I hit reply to FAâs post, and indeed I did.
Thanks. Neat graphic. There is a NYT column that goes with it.
THE PRESIDENT: Last night, the United States brought the worldâs number one terrorist leader to justice. Abu Bakr al-Baghdadi is dead. He was the founder and leader of ISIS, the most ruthless and violent terror organization anywhere in the world.
Iâll give him this one as his one good thing.
Out of the uncountable insane things trump has done, his behavior wrt the transition is right up there. Itâs like every time you think that what heâs doing is unbelievable, he responds with âoh yeah, hold my beer and watch thisâ.
Every time I think weâve hit bottom with his behavior, nope.