This is real, huh? Jesus.. He's a fucking moron.
Trump's tax messaging is....unconventional to say the least, per Fox Business interview:
Off topic but I poked around FoxNews a little bit
http://insider.foxnews.com/2017/10/...ate-candidate-bo-copley-trump-ending-war-coal
lol
Foxnews lovers truly deserve their Trump bumperstickers
Threatening the GOP's top priority of passing major tax reform, Republican Rep. Tom MacArthur warned Tuesday night that so many House Republicans are frustrated with plans to nix a popular deduction, they could block the budget this week.
"I haven't done a whip count, but yes, I think there's enough," the New Jersey congressman told reporters.
Meanwhile, Republican leaders, who can afford to lose only 22 members of their caucus, are scrambling to find a solution that would get enough Republicans on board to move forward with the budget, which is considered the first step in tax reform.
The Republican tax reform framework proposes eliminating the State and Local Tax deduction (SALT), a popular tax break that affects nearly one-third of filers, letting them deduct levies like state income taxes and property taxes. It's been in place since the birth of the federal income tax in 1913.
About 30 GOP members represent districts that heavily rely on the deduction, and if they stick together they could derail the resolution.
So it's time to get everyone in a room and hammer it out, or so I've heard.
They're too busy running for cover right now so they don't get bogged down in the swamp with the lead monsters.So it's time to get everyone in a room and hammer it out, or so I've heard.
House Ways and Means Chairman Kevin Brady (R-Texas) often says Republicans have spent more than half a decade working on their tax bill. But not 24 hours before the bill’s big reveal, lawmakers had yet to settle on one of the most sensitive questions of all: How to pay for their proposed $5.5 trillion in tax cuts, since any major revenue-generator is certain to antagonize some powerful lobby or group of lawmakers who could defeat it.
Looks like the Tax effort is running aground on SALT. Simply tanking the deduction would put all those R members from higher tax states at a huge disadvantage in the next election.
Republican group threatens to block budget over tax deduction fight
http://www.cnn.com/2017/10/25/politics/tax-reform-budget/index.html
Oh good. Hopefully this holds.
Was reading the 'Framework' for this tax 'reform' at Whitehouse.gov this morning and there is a consistent theme of 'simpler'.
If they really want to make it simpler, how about they make it so we stop doing our taxes, and the government simply sends us a bill each year. (It can be designed so you can still add deductions to that if needed.) Oh, that's right... H&R Block and Intuit lobbyists would never let that happen. The government has actually published studies on how it would work and what would be required based upon other countries that already do return-free filing.
Read this morning that the House was looking at keeping the top rate at 39.6%. Hmmmmmm......
But they won't say what the income threshold is yet. Or what, if any, loopholes will be created to let high income people evade the top rate.
Let's be honest...the goal is to create an illusion that this is a middle class tax cut when, in reality, it's a full out tax cut for those at the top. But...if you fool enough people.....it won't matter.
They haven't been super successful so far it would seem as public approval of even the framework hovers around 25%.
Read this morning that the House was looking at keeping the top rate at 39.6%. Hmmmmmm......
Oh jesus christ...
Is there a way to rase premiums, make 15M people uninsured, and wack everybody who isn't rich at the same time? Of course there is.
Adding healthcare stuff to the tax debate is weapons grade stupid. It's already hard enough as is for them that they can't get even their partisan bill out of Ways & Means.
I hope it stays that way. The totally dysfunctional shit show is better than the alternative. The shit show might be the only saving grace of this administration.Roll out of the House tax bill likely getting pushed to next week. Suburban Rs in revolt over SALT deduction among other problems with the revenue side. Now uncertainty about if WH needs a mandate repeal in the bill which the House previously said there would not be. Shit. Show.