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House Passes the Budget, Now on to Tax Reform!
IWB ^ | Robert Carbery

Posted on 10/26/2017 1:39:02 PM PDT by davikkm

The GOP are honing in on a legislative victory at last. Republicans are learning their lessons from the healthcare fight. They need a unified plan to achieve real, lasting tax reform. It has been a struggle just to get this far though.

The September 27 tax framework released by the White House and GOP leaders included some clear goals, such as setting a corporate tax rate of 20 percent and cutting tax rates on businesses and individuals. However, it failed to offer answers to some looming questions, like where to set income brackets or which corporate tax breaks should be ended.

Trump has already ruled out changes to 401(k) savings but other retirement changes could still be on the table.

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


TOPICS: Government; Politics
KEYWORDS: 115th; budget; house; taxreform; third100days; trumptaxreform

1 posted on 10/26/2017 1:39:02 PM PDT by davikkm
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To: davikkm

Is this a 51 or 60 vote requirement in the Senate?
How will McCain, Collins, Corker, Flake and Murkowski vote.

McCain, Corker and Flake may vote “no” just to spite Trump.


2 posted on 10/26/2017 1:42:29 PM PDT by Signalman
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To: davikkm

> a legislative victory at last <

Funding Planned Parenthood, NPR, illegal amnesty, EPA, HHS, Energy, Education, Obamacare, Sanctuary Cities, and on and on. Small increases in Defense, VA, border wall, ICE. Continues to abuse our grandchildren’s credit card.

Victory? The GOP controls all three branches of government. This looks more like a “victory” for Harry Reid.


3 posted on 10/26/2017 1:50:50 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Signalman

51 vote. It’s under reconciliation.
Better art9icle: https://www.wsj.com/articles/house-approves-budget-plan-paving-way-for-tax-move-1509030611

But the details are unknown anyway, for now.


4 posted on 10/26/2017 1:53:31 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: davikkm

Anybody have a link to the actual passed budget? I know what it looked like going in so I just want to compare.


5 posted on 10/26/2017 1:54:29 PM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: davikkm

I’m not going to bother reading anything by an author who doesn’t even know the difference between ‘honing in’ (wrong) and ‘HOMING in”.

Good grief. Yesterday an ostensibly professional writer had someone walking up to a podium :-(


6 posted on 10/26/2017 1:54:29 PM PDT by RedStateRocker (Nuke Mecca, deport all illegal aliens, abolish the IRS, DEA and ATF.)
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To: davikkm

All anyone need to know about the budget is that Spending will increase 8%-12% next year. And at least $1 Trillion dollars will be added to the debt.


7 posted on 10/26/2017 1:58:00 PM PDT by eyeamok (Idle hands are the Devil's workshop)
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To: eyeamok; davikkm; Oldeconomybuyer; mrsmith; Signalman

8 posted on 10/26/2017 2:35:10 PM PDT by 4Liberty (MSM = Democrat' PR firm. Mainstream "news" = Fiat news.)
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