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House lawmakers unveil 'Tax Reform 2.0' ahead of midterms
The Hill ^ | 09/10/18 | Niv Elis

Posted on 09/10/2018 2:53:41 PM PDT by yesthatjallen

House Ways and Means Committee Chairman Kevin Brady (R-Texas) on Monday unveiled a package of three bills touted as a sequel to the 2017 GOP tax law.

"Last year we said goodbye to America’s old, broken tax code," said Brady. "Under our new system, we’re seeing incredible job growth, bigger paychecks, and a tax code that works on behalf of families and American businesses. Now it’s the time to ensure we never let our tax code become so outdated again. We look forward to bringing these bills to the Committee soon.”

The bills would make permanent some temporary aspects of the 2017 law, which were passed with expiration dates to accomodate budget rules that allowed the GOP to pass the law with no Democratic support. It would also include provisions aimed at boosting retirement savings and small business innovation.

The GOP has struggled to keep the political focus on the booming economy ahead of November's election, where forecasters see a good chance of Democrats taking over the House and possibly even the Senate.

Some vulnerable Republicans hoping to run on the tax cut and economy have been frustrated that scandals from the White House continue to drown out largely positive economic news.

Others in the GOP raised concern about the new round of tax cuts, which would make permanent a $10,000 cap for deducting state and local taxes, a provision that is unpopular in high-tax states.

Blue-state Republicans worry that focusing on the issue ahead of the election will make their reelection bids tougher.

Democrats blasted the new initiative.

“The first Republican tax law hasn’t helped workers get ahead – wages aren’t keeping up with inflation, costs for health insurance and prescription drugs are rising, and companies are laying people off and shipping jobs overseas," said Ways and Means ranking member Rep. Richard Neal (D-Mass.). "This new tax legislation is more of the same – it disproportionately benefits the wealthiest Americans while growing the nation’s debt even more."


TOPICS: News/Current Events; US: Texas
KEYWORDS: kevinbrady; taxes

1 posted on 09/10/2018 2:53:41 PM PDT by yesthatjallen
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To: yesthatjallen

I’m not interested in another tax cut. I want to see a spending cut.


2 posted on 09/10/2018 2:57:17 PM PDT by aimhigh (1 John 3:23)
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To: yesthatjallen

“Some vulnerable Republicans hoping to run on the tax cut and economy have been frustrated that scandals from the White House“

BS, what scandals?


3 posted on 09/10/2018 2:57:51 PM PDT by gibsonguy
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To: yesthatjallen

I would love to see the waste full spending come to a halt


4 posted on 09/10/2018 2:59:07 PM PDT by ronnie raygun
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To: aimhigh
I’m not interested in another tax cut. I want to see a spending cut.

I am. I want ALL MY MONEY. Not some, not half, ALL.

See tagline.

5 posted on 09/10/2018 3:01:37 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: yesthatjallen

>>he first Republican tax law hasn’t helped workers get ahead<,

Yes it is.

>>wages aren’t keeping up with inflation<<

Yes they are

>>costs for health insurance and prescription drugs are rising<<

That’s on you — obozocare

>> and companies are laying people off and shipping jobs overseas<<

No they aren’t.

Wholesale lying.


6 posted on 09/10/2018 3:05:39 PM PDT by freedumb2003 (As always IMHO)
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To: aimhigh

I would settle for a completed border wall. Same ol republican do nothings.


7 posted on 09/10/2018 3:10:05 PM PDT by momincombatboots (How many vetoed spending dollars with chuck n Nancy without wall funding?)
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To: yesthatjallen
10% pure flat income tax. No deductions, credits, loopholes, or set-asides for anyone.

Abolish all FICA taxes.

8 posted on 09/10/2018 3:14:54 PM PDT by Extremely Extreme Extremist (GOAT POTUS TRUMP)
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To: momincombatboots

Have you seen the border wall progress being made right now? https://youtu.be/S024otpADnQ


9 posted on 09/10/2018 3:16:14 PM PDT by jdsteel (Americans are Dreamers too!!)
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To: gibsonguy

The fake ones made up by the LSM.


10 posted on 09/10/2018 3:16:23 PM PDT by Blood of Tyrants (Democratic socialism is when the majority of people vote to steal your property.)
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To: aimhigh
I want to see a spending cut.

Indeed. We've got the best economy we've had in decades and were on track for an $800 billion deficit for this year and it could be over a trillion dollars next year. Let's cut spending before cutting revenue even more.

11 posted on 09/10/2018 3:17:28 PM PDT by DoodleDawg
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To: yesthatjallen
"Last year we said goodbye to America’s old, broken tax code,"

News to me. The rates were dropped and standard deduction was raised, but the nightmare of the tax code was largely untouched. More people will be able to skip the complex parts but the nightmare is still there.

12 posted on 09/10/2018 3:17:38 PM PDT by KarlInOhio (Leave the job, leave the clearance. It should be the same rule for the Swamp as for everyone else.)
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To: yesthatjallen; All
"Last year we said goodbye to America’s old, broken tax code," said Brady."
FR: Never Accept the Premise of Your Opponent’s Argument

With all due respect to Rep. Kevin Brady, he is evidently clueless that Pres. Trump's 2017 tax reform, which was largely obstructed by the corrupt Congress left over from the lawless Obama Administration, only scratched the surface of the tax reform needed to make federal taxes constitutionally compliant.

Trump Signs Omnibus Spending Bill: I Will Never Sign Another Bill Like This

In fact, patriots need to demand that new, post-2018 midterm election patriot lawmakers have the following Supreme Court clarification of Congress's limited power to appropriate taxes put on top of the universal, post-card sized tax return.

"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.


"The bills would make permanent some temporary aspects of the 2017 law, …"

To the contrary about so-called permanent changes to tax law, patriots are reminded about the following.

The only way to make Trump's MAGA tax reform permanent is to support Trump in leading the states to repeal the 16th and ill-conceived 17th Amendments.

Again, to support anything that Trump tries to do, patriots need to fire state sovereignty-ignoring, anti-Trump career lawmakers in the 2018 midterm elections, and replace them with state sovereignty-respecting, Trump-supporting patriot lawmakers.

13 posted on 09/10/2018 3:40:05 PM PDT by Amendment10
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To: yesthatjallen

I would like to see the President tell Congress to apply the Penny Plan to the finished spending bills or government is shutdown for a month. Something outside the box like that.


14 posted on 09/10/2018 3:46:35 PM PDT by ALX
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To: ronnie raygun

I’ve dreamed of that for years now. Even just cutting the funding that goes to anti-American groups here and abroad would be nice.


15 posted on 09/10/2018 4:13:21 PM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: aimhigh

Yes and will they have the balls to defund PP, or wimp out again?


16 posted on 09/10/2018 4:25:10 PM PDT by Sam Gamgee
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To: DoodleDawg
We have a very sick economy. A economy based on relentless .gov spending. There is no leadership out there for cutting spending.

U.S. budget deficit totaled $76.9B in July

'The federal government racked up a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six years.

The Treasury Department reported Friday that in the first 10 months of this budget year, the deficit totaled $684 billion, up 20.8 percent from the same period last year.

Revenues are up only 1 percent this year, the increase held back by a big drop in corporate tax payments. Spending is up 4.4 percent, reflecting a big boost Congress approved earlier this year for domestic and military programs and the rising costs of financing the debt.

The Trump administration last month sharply revised upward its deficit estimates, projecting annual deficits will once again top $1 trillion next year.

For the current budget year, which ends Sept. 30, the administration is now projecting a deficit of $890 billion. That would be up 33.7 percent from last year’s deficit of $665.8 billion.'

17 posted on 09/10/2018 5:29:45 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: aimhigh
Lets do both. Tax breaks...and

...a whole lot of cuts.

18 posted on 09/10/2018 5:33:06 PM PDT by deadrock
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To: yesthatjallen

Give every Federal department and agency outside of defense and intelligence 6 months to identify a 10% budget reduction. If they do not comply, the budget gets reduced by 15%. I worked for a company that did something somewhat similar. The exercise trained the department heads to make smarter decisions regarding spending.


19 posted on 09/10/2018 5:40:23 PM PDT by trublu
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To: Theoria

And remember that’s with an economy going great guns. What will happen when there is another downturn, which there will eventually be? What will deficits be like then? $2 trillion? $3 trillion?


20 posted on 09/11/2018 3:41:26 AM PDT by DoodleDawg
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