Skip to comments.Trump Tax Cuts Gain Momentum as Senator Rand Paul Goes 'All In'
Posted on 10/20/2017 2:33:48 PM PDT by drewh
U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier.
On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone Republican vote against it. That approval paves the way for their tax-cut proposal that would add up to $1.5 trillion to the federal deficit over the next decade to pay for the cuts.
U.S. President Donald Trump on Friday signaled optimism for passage of the cuts, saying Paul would back the proposed tax measure when it comes up for a vote.
"The Budget passed late last night, 51 to 49. We got ZERO Democrat votes with only Rand Paul (he will vote for Tax Cuts) voting against," Trump wrote on Twitter. "This now allows for the passage of large scale Tax Cuts (and Reform), which will be the biggest in the history of our country!"
Paul responded with his own tweet, saying, "Im all in for tax cuts @realDonaldTrump. The biggest, boldest cuts possible - and soon!"
The Kentucky Republican had said he would not vote for the budget measure unless it in kept in line with previously enacted federal budget spending caps.
Republicans are still hammering out their tax legislation after releasing an initial outline. The administration has said it would deliver up to $6 trillion in tax cuts to businesses and individuals.
The Senate budget must be reconciled with a markedly different version passed by the House, a process lawmakers have said could take up to two weeks.
Have we heard from the 3 stooges?
McQueeg Corker and Collins?
Mccain is touching himself just waiting to sink this deal.
if they get Collins no thumbs down for McQueeg
That’s what I was wondering, as well. Will Rand Paul be enough?
I will be pleasantly surprised if this Republican majority delivers a damn thing palatable to Trump. Just as probable is that it will be soo bad that he can not sign it and they can continue to drag him down the dirt road.
If the Republicans are somehow able to get tax cuts through this will be BIG. I suspect the markets have already factored some of this into its calculus.
Also the converse is true — if they don’t get tax cuts I would expect some market slide and pushback.
market hopping and I’m hoping -ping
If Paul and (as is reported) MurCowski are definitely in, that brings us to 50, Pence is the tiebreaker. We need Cochran back from his medical absence.
5% GDP as far as the eye can see.
40,000 Dow here we come!
Or more! After the Reagan tax cuts the economy was running at 8% GDP some months!
PAUL’S A KOOK! PAUL’S OFF HIS MEDS!
Just enough swamp critters will be found to avoid meaningful action.
The Uniparty Rules.
The only difference between Democrats and Republicans is the lies they tell you before they steal your money and gain power over you.
These are not “TRUMP TAX CUTS”. These are swamp dweller tax cuts.
WHERE IS THE WALL?
WHERE IS REPEAL AND REPLACE?
NOTHING ELSE SHOULD PASS UNTIL THOSE ARE IN PLACE. TRUMP SHOULD VETO.
They have to deliver this. If they don’t the market will retreat, maybe a lot, and their donors will be very unhappy. This one is a win win for the republican part of the swamp.
Zero Democrat votes means not bi-partisan. Mostly bi-parted down the middle. Hope we can say “bye” to more Democrats in 2018. Heck, we should just hope all the Democrats just die then we can have real prosperity.
Ironically, I think if they gave Trump tax reform, the wall and healthcare reform in his first term, he would not run again. By not working with him, they virtually guarantee he will.
I support Rand 100% because he supports my views.
I don't remember Donald Trump campaigning on raising my taxes.
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