DL Open Thread: Thursday, December 17, 2020

Azar Ratfucks Biden With Rosy Vaccine Scenario.  Coons and Azar must’ve been in the same Ratfucking class at Hah-vahd.  A day was likely devoted to literally reaching across the aisle.

Big Tobacco Promotes Itself As Best Tool For Smoking Cessation.  The solution? Brand-new tobacco products that don’t require smoking.

The Ideal Gift For The Trump-Hater In Your Family?  Highest bidder gets to blow up one of Trump’s AC casinos.  All proceeds go to charity.

Bucks County MAGAt, Gym Owner, A Serial Super-Spreader.   His tony facility is more important than the lives of the residents in suburban Philly.

Sweetheart Tax Deduction For Wealthy Included In Covid Relief Bill.  This is what ‘reaching across the aisle’ gets you:

The bill provides that businesses claiming expenses reimbursed by PPP forgivable loans, which are already tax-free, can be further used as deductions when calculating taxable income. In other words, the change would allow a corporation that claimed $1 million in PPP reimbursements to apply that money as a deduction on its tax return, reducing taxable income by $1 million.

Critics of this idea, first circulated by a bipartisan set of legislators last summer, note that it provides an unprecedented tax advantage that overwhelmingly benefits investors and high-net-worth professionals. IRS rules have long prohibited tax-free government grants and reimbursements from being used as deductions.