The House and Senate are in session this week.

The House and Senate are in session this week.

There has been much talk in recent weeks of marginal income tax rates. Although the far-left have, talked about a return to high marginal income tax rates for several years, Rep. Alexandria Ocasio-Cortez (D-N.Y.) recently renewed the conversation. The “democratic” socialist has called for a massive wealth redistribution, with a top marginal rate of 70 percent.

The House and Senate are in session this week.

Speaker Nancy Pelosi (D-Calif.) made some news on Wednesday when she sent a letter to President Donald Trump urging a postponement of the State of the Union address before a joint session of Congress on January 29. Although she stopped short of disinviting him, Speaker Pelosi cited security concerns related to the government shutdown as the reason.

Let’s just get something out of the way. The so-called “pay-as-you-go” rule that House Democrats have touted as one of the reforms they’ve implemented for the 116th Congress is meaningless. Despite the rule, the House will pass legislation that increases the budget deficit, leaving more debt for taxpayers.

The House and Senate are in session this week.

The House and Senate are in session this week.

Tucked away in the rules that House Democrats rolled out at the beginning of the 116th Congress is a provision that temporarily suspends the debt limit if the House of Representatives passes a budget resolution. The provision is what’s known as a self-executing rule. This may be legislative inside baseball, but it's a rather radical change to the rules that differs from even from a similar rule employed in the past.

The 116th Congress begins on Thursday, January 3, at 12:00 pm.