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GOP rep unveils 'Crumbs Act' to make bonuses tax-free, in swipe at Pelosi
Fox News ^ | Feb 13 2018 | Samuel Chamberlain

Posted on 02/14/2018 4:00:13 AM PST by smileyface

A Republican lawmaker is set to unveil legislation that would make most bonuses given out as a result of President Trump's tax reform plan tax-free -- and took a jab at House Minority Leader Nancy Pelosi with the bill's name.

Rep. Todd Rokita, R-Ind., has dubbed his bill the "Creating Relief and Useful Middle-Class Benefits and Savings" -- or "CRUMBS" Act. Pelosi, D-Calif., famously referred to the bonuses as "crumbs" in criticizing the tax plan last month.

"Americans are receiving thousands of dollars in bonuses and more money in their paychecks thanks to President Trump's tax reform, but out-of-touch Democratic leaders believe they only amount to crumbs," Rokita said in a statement. "The CRUMBS Act will let Americans keep more of the money they receive as a result of President Trump's tax reform, and allow them, not the government, to choose how best to spend their bonuses

Rokita's bill would make bonuses received by workers in 2018 tax-free up to $2,500. Since tax reform was signed into law this past December, multiple companies have given out bonuses and pay raises in anticipation of increased tax savings.

(Excerpt) Read more at foxnews.com ...


TOPICS: Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: 115th; crumbs; crumbsact; pelosi; republicans; rokita; trumptaxcuts
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Ha. Before Trump 'pubbies would not have done this...
1 posted on 02/14/2018 4:00:14 AM PST by smileyface
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To: smileyface
WOW! Old dogs can learn new tricks. Kudos to the Repubs who came up with this...
2 posted on 02/14/2018 4:02:56 AM PST by jeffc (The U.S. media are our enemy)
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To: jeffc

Love this


3 posted on 02/14/2018 4:10:18 AM PST by Fai Mao (I still want to see The PIAPS in prison)
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To: smileyface

Thank you smileyFace! Now I have a smiley face too. No bonus, but a happy, smiley feeling that things are turning around. That’s the bonus in it for me and mine.


4 posted on 02/14/2018 4:12:58 AM PST by Mazey (Missing the soft green hills of Western PA)
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To: smileyface

Bad bad idea.

The top dogs at companies don’t get most of their money in salary. Maybe a few million, with a bonus worth tens of millions.


5 posted on 02/14/2018 4:13:18 AM PST by a fool in paradise (Ask a lib if Alger Hiss colluded with the Russians.)
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To: a fool in paradise

Up to 2500$


6 posted on 02/14/2018 4:13:54 AM PST by nikos1121 (Tax cuts should be retro-active to January 1, 2017!!!!)
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To: smileyface

“Rokita’s bill would make bonuses received by workers in 2018 tax-free up to $2,500”

Meanwhile I had to pay income tax on the $500 scholarship I got at a school (which was to pay for one non-degree course that cost $500 and didn’t cover registration fees or lab fees).


7 posted on 02/14/2018 4:15:02 AM PST by a fool in paradise (Ask a lib if Alger Hiss colluded with the Russians.)
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To: jeffc

McTurtle will kill it because the puppet master Schuma won’t like it.


8 posted on 02/14/2018 4:15:45 AM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: a fool in paradise
Bad bad idea.

The top dogs at companies don’t get most of their money in salary. Maybe a few million, with a bonus worth tens of millions.

Try reading the story instead of just the headline next time.

9 posted on 02/14/2018 4:22:32 AM PST by COBOL2Java (The bigger the government, the smaller the citizen)
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To: smileyface

Related...

http://www.freerepublic.com/focus/f-news/3631944/posts


10 posted on 02/14/2018 4:31:19 AM PST by ButThreeLeftsDo (MAGA!!!)
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To: a fool in paradise

capped at 2500...


11 posted on 02/14/2018 4:37:33 AM PST by smileyface (Things looking up in RED PA! I love President Trump!)
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To: COBOL2Java
Bad bad idea.

Because of this naming, now Pelosi won't sign it! /sar

12 posted on 02/14/2018 4:40:28 AM PST by C210N (Republicans sign check fronts; 'Rats sign check backs.)
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To: a fool in paradise

Yep, if it doesn’t help you no one should get any relief by God.


13 posted on 02/14/2018 4:59:32 AM PST by Balding_Eagle ( The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
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To: central_va

“McTurtle will kill it because the puppet master Schuma won’t like it.”

I’ll take that bet.


14 posted on 02/14/2018 5:02:45 AM PST by EQAndyBuzz (Death of the MSM - "Because it is my show and I don't want to do that." Jake Tapper)
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To: a fool in paradise

$2500 max...


15 posted on 02/14/2018 5:26:13 AM PST by Sacajaweau
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To: smileyface
Why just 2018? Bonuses are taxed at a much higher rate than regular pay. Somewhere between 30 and 40%. There is no justification for that. It is truly theft.

Make it permanent and allow us make the most use out of our bonuses.
16 posted on 02/14/2018 5:32:15 AM PST by softengine
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To: smileyface

I think it is cool. However, how the heck do we replace that money in the treasury? Don’t say cutting programs because neither party is interested in that.


17 posted on 02/14/2018 5:33:36 AM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: smileyface

This is fantastic.


18 posted on 02/14/2018 5:41:20 AM PST by EdnaMode
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To: softengine
Somewhere between 30 and 40%

I'm fortunate enough to receive a (nearly) regular annual bonus at my company. It's based on a formula of financial incentives and level within the company. Once the full bonus is calculated, I have to multiple the result by 0.6, to arrive at the net payout.

You're absolutely correct. Why is such a bonus considered special enough to take 40% and give it to the government?

19 posted on 02/14/2018 6:13:28 AM PST by Lou L (Health "insurance" is NOT the same as health "care")
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To: smileyface

HA HA HA!


20 posted on 02/14/2018 6:56:13 AM PST by left that other site (For America to have CONFIDENCE in our future, we must have PRIDE in our HISTORY... DJT)
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