Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income
by ianai on Sunday April 07, 2019 @12:20PM
(#19597782)
The senate severely favors minority political views. The constitution grants many powers for individual senators and the senate as a whole to steer the government. So tax reform has been politically toxic for decades unless it’s tax cuts that get past that minority’s view. This is how the rich keep getting tax cuts.
As an aside, unified partisan power only occurs about once per generation per political party. Using that power typically results in destroying the concentration of power. And the US Congress has a two year cycle between elections with elections watering down much progress through the every other year political cycle. So effectively, unified party power has about 100 days of live once per generation. That’s becoming less and less capable of supporting substantial change. They’re basically only able to pass one big change in those 100 days. For the Ds, this change has to pass a significant portion of the Democrats- and they don’t vote as a bloc. They vote in relation to their representative bodies, which themselves vary significantly.
As an aside, unified partisan power only occurs about once per generation per political party. Using that power typically results in destroying the concentration of power. And the US Congress has a two year cycle between elections with elections watering down much progress through the every other year political cycle. So effectively, unified party power has about 100 days of live once per generation. That’s becoming less and less capable of supporting substantial change. They’re basically only able to pass one big change in those 100 days. For the Ds, this change has to pass a significant portion of the Democrats- and they don’t vote as a bloc. They vote in relation to their representative bodies, which themselves vary significantly.