A new bill gaining steam in the U.S. Senate will allow taxpayers to deduct up to 100% of their combined family income as charitable giving based on how many hashtag symbols they propagated on social media for any given year. This bill is expected to pass the Senate Budget and Appropriations Committees, at which point it will be sent to the House where it is expected to pass unanimously.
“I can’t imagine a just society that doesn’t reward good #hashtagging, our children and the whales deserve so much better,” says Senator Elizabeth Sanders, co-sponsor of the legislation. “If we can’t express our concerns online, even when we can’t physically do anything about a problem, how will we ever teach our kids to tie their shoes?”
Activist groups have previously brought this bill to their congressional representation before, only to be thwarted by those who claimed a #hashtag symbol is just an abdication of actual charitable contribution to society.
“For too long our incessant blogging and virtue signaling has gone unappreciated,” says local SJW precinct captain Karl Weatherstone. “Finally it will be recognized for the good it can create by pressuring people to take to their laptops and pretend they care about something they know nothing about.’’
The formal language in the bill will create a tiered system for avid hashtaggers who make under $120k per year. Every 100 hashtags tweeted, posted or instagramed per calendar year will be converted into direct dollar amounts of charitable donations. For every 1000 or more hashtags, taxpayers can deduct $1,000 plus $1,000 from their assessable property tax to reduce that cost as well.
As Americans become more enveloped in the warm enclosures of their phones and online identities, experts say more online bellowing of awareness on social media and less actual intervention in crises could transform our world for the better. Further updates to this report will be provided as the House of Representatives votes on a companion bill allowing federal employees to convert their IRA accounts to Rainbow Farts and Puppydog Tails (RFPT +1.6), which is currently outperforming BitCoin on the NYSE.
Rand Paul coverage from the morning Post:
As he forced a brief government shutdown overnight to draw attention to his party’s hypocrisy on deficit spending, Kentucky’s junior senator was the personification of William F. Buckley’s definition of conservatism: standing athwart history, yelling stop, at a time when no one is inclined to do so, or to have much patience with those who so urge it.
“I ran for office because I was very critical of [Barack] Obama’s trillion-dollar deficits. Now we have Republicans hand-in-hand with Democrats offering us trillion-dollar deficits,” Paul said during a floor speech, as he predicted that “a day of reckoning” is coming. “I can’t in all good honesty, in all good faith, just look the other way because my party is now complicit in the deficits.”
What do the Bull Elephants say? Nothing. They crack jokes. Discuss pictures of purported philanderers. Call each others names. Fundamental conservative issues like the deficit? That was an issue to hold over Obama’s head, or Clinton’s head.
Trump has run multiple companies into bankruptcy with reckless spending and borrowing. Now it’s our country. The ends do not justify these means.
Yes, it’s an amusing joke, but let’s face it: There’s a fraud being perpetrated around the deficit, budget and economy. It has nothing good for real conservatives. It’s not a coincidence with the market tanking — errr, correcting.
The federal government will borrow nearly $1 trillion this fiscal year — Trump’s first full year in charge of the budget, double what we borrowed in fiscal year 2017.
Exact figures: US Treasury will borrow $955 billion this fiscal year, the most borrowing in 6 yrs, a big jump
from the $519 billion borrowed last year.
Treasury attributed the increase to the “fiscal outlook.” CBO was more blunt. The CBO said tax receipts are going to be lower because of the new tax law.
According to the local news, the budget agreement will add $500 billion in new spending over two years and suspend the debt ceiling until 2019. This came after the tax cut that would add more than $1 trillion to the debt over a decade. With all these changes, the annual gap between spending and revenue in 2019 is projected to eclipse $1.1 trillion, up from $439 billion in 2015.
Money quote: “It’s the wrong thing to do because it’s not consistent with what we told the American people we were going to do, and what they elected us to do,” said Rep. Jim Jordan (R-Ohio). “We’re going to run a
I hear ya. It’s like Monopoly money to them, almost as if expect a magical swipe of the pen to erase the debt without somehow devaluing currency, and I thought we’re not supposed to be in the game of price controls. Getting out of debt is an uphill battle, and the interest rates are rising now too. We have a president who once bragged about being the king of debt, and how I use bankruptcy to further his interests, don’t consider me optimistic of that working in government.
If the only thing a convention of States could accomplish was the imposition of term limits on “career politicians:” or the requirement that annual budgets had to be balanced and actually pay down a portion of our national debt, it would be well worth it.
A good dose of afternoon humor. Thank you.