Budwick Announces Mortgage And Car Loan Forgiveness

@badminton If they pay off my house it will give me more money to spend that will stimulate the economy, Yea them big bad corporations.

@badminton Actually,its been determined that the rebate will primarily benefit those in the upper-level income bracket and will only pile on more debt for taxpayers who had nothing to do with the loans.How is that remotely fair?Do you understand that SOMEONE has to pay for the loans?Where do you think that will come from,the Good Money 🧚‍♂️ Fairy?And how is that fair for the people who have already paid their loans?And how does the President even have the authority to do this?This is NOT the right thing to do.

@DavidT8899 He does not have the authority to do it, even Nancy has said that. They would have to pass it into law first.

@fairgame123 @DavidT8899 The Good Money Fairy gives billions in bail-outs and tax cuts to corporations, corrupt military contractors and super-wealthy individuals. Why? Because many of our politicians are bribed by corporate money in the form of campaign contributions. So the richest and greediest get bailed-out ("too big to fail") and huge tax cuts from Congress, while our infrastructure and our cities crumble , our social services are the poorest among advanced countries and the gap between rich and poor becomes ever wider. This is a guaranteed formula for destructive social upheaval.

FYI - Student loan lenders charge student borrowers 10x the interest banks pay for loans. In many European countries, not only is education free to students, they also get money to live on while in school.

@badminton I agree with the first 7 lines, student loan forgiveness is bullshit, why not payoff my house, car ect. Make the student go to a bank and tell them what a bad idea they have and try to take out a loan at the bank. (You want loan for 200 grand to study to be in a job that is going to pay 40 grand a year)

@fairgame123 I suspect that the courts will get involved with this.

@DavidT8899 And put a stop to it

@fairgame123 If they draw a judge who actually cares about the law.If they get one of those rubber stamp leftist jerks.......

@DavidT8899 I have had someone tell me students are young and don't know what they are doing, then why are they allowed to vote.

@badminton


You apparently never read the instruction guides for a IRS form 1120 or a form 1065.

Corporations can't even stash after-tax earnings for a rainy day because the IRS forces corporations to distribute that money to stockholders. That's because stockholders have to again pay income tax on corporate dividends, income that had already been taxed at the corporate level. All together, when a $10 corporate profit reaches the hands of a stockholder, it will have as much as $6,50 stripped away in income tax. And that's in addition to sales tax, real estate tax, excise tax, tax, tax, tax on everything in America.

Money stashed away in foreign countries are earned there. Why do you feel like that money should be taxed by the US? California has no tax claim on money earned in Texas, so why would the US have a tax claim on money earned in France or Italy?

@Heartlander There is a certain office building in the Cayman Islands. This building has many post office boxes. Many corporations rent a little P.O. box in that building and call that their business address. The Cayman Islands does not tax offshore companies on income earned outside of their territory. This is what is meant by an off-shore tax havens.

This one of the ways corporations and super-wealthy individuals sneak out of their tax obligation. Us regular people don't get off-shore tax havens. Meanwhile, we have an $800 billion per year military budget, collapsing infrastructure, wide-spread poverty, poor public transit, a very expensive medical system.

@badminton There's also a reason why so many credit card companies are incorporated in Delaware.

Hmmm?? come to think of it, I believe most expensive airplanes are registered in Delaware. Hmmm??? and Delaware, per capita wise, has more corporations registered there than any other state. You don't have to do business in Delaware to be incorporated there. So why would a company doing all its business in Omaha, Nebraska, be incorporated in Delaware?