BREAKING: US Senate Passes Historic Tax Reform Package, 51-49

Townhall.com ^ | December 2, 2017 | Guy Benson

[vette6387]

I don’t even want to know what you think FROGJERK means!

[JME_FAN]

“...It is the obligation of the government to recognize and respect marriage and the family as institutions created by God in anyway they can - even by the tax code if so be.”

Right - that’s why they legalized abortion on demand, Title X family “planning” funding (read “contraceptives” - an anonymous form of abortion), no-fault divorce, and same sex “marriage.”

Fact is, if they just made a flat tax of 10% FOR EVERYBODY - no deductions, no loop holes, no giveaways, no exceptions - none of this would be an issue, and they’d have more revenue than they knew what to do with.

Of course, this would also drastically limit the federal government’s power to manipulate, coerce, and otherwise defraud the American people.

[JME_FAN]

“... Anyway, time to move on to the next issue. The tax bill debate is pretty much over.”

You mean “time to move on to the next issue” - that you’ll manipulate so to find fault with Trump ...

Maybe it’s time for you to just “move on” somewhere else.

[JME_FAN]

Good reason to boycott all products from Commiefornia - let the whole stinking pile collapse on itself.

[Mr Apple]

More Winning!

[Mr Apple]

It’s not just illegal immigration that is a problem. It’s the amount of all immigration. It is killing the working class.

Right on Mark!

[Drago]

According to another Freeper, the Senate version of the bill actually keeps the medical deduction and reduces the threshold to 7.5% of AGI (The House bill eliminates the deduction), so our parents still have a shot at keeping the med. deduction during the reconcile in committee. cross your fingers, I will be writing my House rep. to express my concerns. See this post: http://www.freerepublic.com/focus/news/3609978/posts?page=15#15

[Jarhead9297]

The clapping seals with their endless anti this anti that banter. It’s almost becoming the go to term anymore when you fully disagree with policy. Almost like hearing liberals call conservatives tea baggers. For those yelping anti Trump they made it about the person aka worship vs. an intellectual argument. Pay no notice, this isn’t about Trump as you and I know

[JamesP81]

This is actually my biggest concern.

I’m willing to subsidize some of the insanity if it keeps the insanity contained.

[cherry]

I think the people with kids will get hit the hardest...

I don't like much of this bill....we're making a big mistake IMO...we're not thinking big picture...

[cherry]

agree....once they make double taxation a law, it'll stay a law...

personally we'll probably benefit for a while...and then we'll be run out of our house..

[cherry]

one thing for sure there is NO tax planning anymore...there is nothing to go to...perhaps if we just quit our jobs we can save on taxes, but then we’ll be in the doghouse so its all a moot point.

[cherry]

home values may decrease but the govt always has another way...they raise the rates so no matter what, your property taxes continue to grow even if we have deflation..

property taxes do not go down if you maintain your house....

its going to force many older people to sell....

[cherry]

what does this $10000 allowance for state and local taxes mean anyway...I need my PROPERTY taxes to be deductible to get over the threshold...

[cherry]

why bother with medical deduction?..if I can't get my property tax deduction why should others get deductions for other things?...

I'm against the this tax bill...against it...

if we're denied our deductions, then everybody should be denied

anyone that is in favor of this tax "reform" had better not complain or demand special deductions....in for a penny, in for a pound, or something like that...

[Drago]

I tend to agree, but getting rid of all deductions (including the “standard” and “child” ones) would be a “bridge too far” in the politicians’ world. I definitely wouldn’t mind getting rid of them all and just adjust the tax rates to give everyone a tax cut across the board. Raising the “std.” deduction hurts charities as more and more people cannot deduct their contributions via itemization, so are less motivated to contribute.

[SkyPilot]

The Senate bill drops the mandate for Obamacare—probably the best part of this package.

Agree with you 100%.

The sad thing is real reform like a fair or flat tax was possible here and this is what the GOP serves up.

Again, very true.

This was a squandered opportunity. The House, Senate, Mnuchin, and Cohn carried out the orders of their donors. This wasn't a MAGA exercise.

[SkyPilot]

For all I know, it was you and your uncivil and nasty clones who posted it there. I don't even go to that sewer - but apparently some of you do.

By the way, are you still on this "subsidy" kick when it comes to people wanting to keep more of their own money? That term was most likely dreamed up by the K Street crowd that was paid big bucks to sell this piece of garbage tax bill - and you and others fall for it like a Pavlonian dog.

The states that you hate so much are the ones who keep the Federal treasury afloat. In most cases, they get back pennies on the dollar back from the Feds, and some states get back $6, $7, or more back.

Next, you are probably going to start screaming about people "not paying their fair share!"

[SkyPilot]

Vette may have said this:

I don’t give a rat’s a$$ whether this bill is helpful to me personally or not.

But he is being disingenuous. He thinks it will pump up the stock market (at least in the short term). He is most likely very correct on that. At least for awhile.

Therefore, he is going to benefit personally.

There is nothing wrong with wanting to make more on your investments. But at least be honest about it vette.

[SkyPilot]

You mean “time to move on to the next issue” - that you’ll manipulate so to find fault with Trump ...

Oh really?

I have stated over and over here again that I love Trump. You have treated me, and others, like we are members of Antifa for not wanting our taxes jacked up by the Feds.

And yes - I was (and am) ticked about that violating his MAGA promises on the campaign trail.

But here is a little tidbit for you that perhaps you missed in yesterday's news:

Hours after Senate GOP passes tax bill, Trump says he’ll consider raising corporate rate

Well, well.

Hours after the pre-dawn passage of a $1.5 trillion tax cut, President Trump suggested for the first time Saturday that he would consider a higher corporate rate than the one Senate Republicans had just endorsed, in remarks that could complicate sensitive negotiations to pass a final bill. On his way to New York for three fundraisers, Trump told reporters that the corporate tax rate in the GOP plan might end up rising to 22 percent from 20 percent. Lawmakers in both the House and Senate had fought hard to keep the corporate rate low, with the Senate late Friday rejecting a Republican-backed proposal to push it up to 21 percent in exchange for more working-family tax breaks.....The House and Senate intend to take steps as soon as Monday to set up a conference committee to negotiate the significant differences between the Senate plan and the version passed by the House last month. But Trump’s statement Saturday threatened to introduce a complication....

“Business tax all the way down from 35 to 20,” Trump told reporters, remarking on a core provision of the Senate bill. “It could be 22 when it all comes out, but it could also be 20. We’ll see what ultimately comes out.”....Moving the corporate tax rate up by 2 percentage points could raise $200 billion, money Trump might need to try to satisfy the concerns of Republicans frustrated that the plan does not reduce top individuals’ tax rates enough or of others such as Sen. Marco Rubio (Fla.), who argued that the bill should do more for low-income families.

Rubio complained Friday that colleagues would not even allow him to move the corporate rate to 20.94 percent, saying they acted as if this would be a “catastrophe.”....

Lowering the corporate tax rate was a centerpiece of the plan, and Republicans have said that it will help businesses free up money to invest, grow and raise wages. They continually reshaped the tax-cut bills in the House and Senate to help businesses, even if it meant cutting back on tax benefits for individuals and families.

Senate Majority Leader Mitch McConnell (R-Ky.) dismissed suggestions that the corporate rate could rise to 22 percent, pointing to votes in both the House and Senate that would set it at 20 percent. “That would be a major change,” McConnell said in a telephone interview, adding that the vote showed he does not “have much of a margin.”

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Trump is more on my side here than you! He knows both the House and Senate bills are screwing individuals too much, and wants the corporates to live with just a slightly smaller tax cut. And the swamp is aghast.

This article restores my faith that Trump is fighting for me. You are the one who is siding more that Mitchy McConnell and Paul "I Cut The Pensions of Disabled Veterans" Ryan. And before you give me any this "liberal media" garbage - the Post is quoting Trump from yesterday.

I hope you are not going to commit heresy and disagree with Trump that the current bills give away too much to the corporate side at the expense of individuals. I may have to suggest you are a DU plant, tell you to leave FR, or suggest you should be banned.

Enjoy!