For all the talk about SALT, what we should really be focusing on is the pass-through deduction for billionaires, which may actually be going up from 17% to 23% (not 20%) in order to secure Johnson's and Daines' votes.
Flake is a yes. This is a done deal.
Flake is a yes. This is a done deal.
Collins is yes with 10K property tax deduction amendment sweetener.
Awesome!Collins is yes with 10K property tax deduction amendment sweetener.
Is the mandate repeal still in this? Or did it stay?
Awesome!
21% vs 20% corporate tax should do the trick.I would generally expect this provision to survive in conference since the House bill has it too, however if they need to pay for some stuff it might not. Problems without actually having two written bills to compare lol.
CBS is reporting that this bill will probably get pushed through sometime later today.
21% vs 20% corporate tax should do the trick.
Kinda like what Dems did with ACA.Even if the Republicans have to crawl naked over broken glass that has been set on fire.
I certainly hope that it doesn't come to that.Even if the Republicans have to crawl naked over broken glass that has been set on fire.
Kinda like what happened with ACA.
What is happening with the tax bill now is not unusual given the circumstances. Does this fact bother you in some way?#Whataboutism
Market corrections are inevitable. Will you be cheering when they happen?I've said it when healthcare bill failed and I've said it again a few days ago that I wouldn't be surprised if GOP managed to pull through on the Tax Bill. After all, they all agree on cutting taxes to the rich.
Still, sad to see this atrocity being put into law. I just hope that my equity investments will go up in the short term, that I'll be able to time the move to fixed income before the storm hits few years down the road, and that the eventual downturn won't be as bad as Great Recession of 2008-2009. Then again, as someone said, every time you repeat the same mistake, the price goes up. So...
What is happening with the tax bill now is not unusual given the circumstances. Does this fact bother you in some way?
What is happening with the tax bill now is not unusual given the circumstances. Does this fact bother you in some way?
so uh, anyone got some highlights here? Do I need to incorporate a business and funnel my life through it to take advantage? How do I exploit this for my personal gain?
Hopefully the standard deductions are going up?
The only thing you and I can do is make sure that the people responsible for this irresponsibility pay the price at the ballot box. I hope you'll join the rest of us in working to oust everyone who votes in favor of this bill.