Posted on 11/17/2017 12:30:13 PM PST by Eddie01
Probably a big pay off somewhere in that bill.
Yeah right!
I’ll believe it when I see it.
And being realistic about it, if they did take a pass, it just might be the final nail in the coffin of the propriety of this bill.
If they can stomach it, it’s gotta be a real gem of a road apple.
Maybe BANNON has the scoop on some of their misdeeds. :)
Kabuki time. Who will be the Senate’s “principled” objector this time setting up the McCain “screw the country as long as Trumo is sabotaged” moment.
I can tear this tax bill to shreds but I have concluded that we must pass it to save 2018. We can lie about how great it is all year. Then if we win we can start legislative changes and hope to get the massive tax cuts needed for the top 5% that pay the taxers and actually start the growth needed. I do like the Senate killing the pe4nalty tax on obamacare opt outs. and hope that makes it through the conference.I love the fact that we dont allow deduction for the state income taxes , That is wonderful. I am behind what ever we put together for Trumps sake. The Dims just hate that. Screw them.
President Trump will read first or get Lawyers to translate it into English then read it
“Sen. Ron Johnson (R-Wis.) says he will not vote for the bill unless it offers more relief to small-business owners who do not file returns under the corporate tax.”
This could be completely remedied by getting rid of the
corporate tax, and pass through all of the income to the owners - with some flat rate (equal to the highest individual rate) being taxed, and withheld by the company, for charities and foreign companies or citizens.
Alternatively, if they get rid of the “Personal Holding Company” provisions, which penalize people who run a passive business (like real estate, or holding interests in other businesses), then that income could be taxed at corporate rates.
HOWEVER, it is unlikely that any such provisions/compromise will be put into law now. We have to, IMHO, take what we can get now, and push for more equity later. It is a simple matter of “the Perfect is the enemy of the Good.” Let’s take 60% of what we want now, and come back for some part of the other 40% later.
Excellent post/analysis - thanks.
McConnell will find enough no votes from others like Johnson who hate the Trump goals and were just elected to 6 year terms and don’t give a darn what the people want.
We need the Swamp drained.
I’m with you.
They need to pass something. Then they can get to reconciliation
So says Grover and his Muzlim wife???
Grover Norquist is Cheap Labor Express operative.
He is also married to a muslim.
Not a friend of the citizens.
In the house bill it Repeals deduction for personal casualty losses except for hurricanes. Also moving expenses except for military. Read the bill it is another ACA.
Does Paul and Cotton support it?
If the Senate bill passes without SALT deductions then the next election is going to be a bloodbath, count on it. It’s a middle-class tax hike.
Watch them.
Upping of the standard deduction might cover the 5%? It is a personal 1040.
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