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Topic: taxageddon is GO (Read 672 times) previous topic - next topic

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  • ravenscape
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Re: taxageddon is GO
Reply #50
The house has voted to go to conference committee

http://thehill.com/policy/finance/363227-house-approves-going-to-a-conference-committee-with-senate-on-tax-cut-bill

The freedom caucus raised some ruckus.

Some of the big differences



Shouldn't take long. :/

  • SkepticTank
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Re: taxageddon is GO
Reply #51
All the articles I can find so far are behind paywalls, but apparently the bill (accidentally?) eliminated the R&D tax credit (among some others) that corporations won't be excited to lose.
http://nymag.com/daily/intelligencer/2017/12/senate-gop-accidentally-killed-all-corporate-tax-deductions.html

Re: taxageddon is GO
Reply #52
The house has voted to go to conference committee

http://thehill.com/policy/finance/363227-house-approves-going-to-a-conference-committee-with-senate-on-tax-cut-bill

The freedom caucus raised some ruckus.

Some of the big differences



Shouldn't take long. :/

i wouldn't count the ACA repeal out as a defining source of friction. and i suspect the devil is in the details. for example, my congressman is a tea party stooge but he's voted against this and will likely continue to because of SALT, possibly also because the house version more or less makes being a graduate student financially impossible and a university is the largest single site employer in his district. these things might be shed, but if you shed all such nickel and dime sources of cuts or revenue, then the whole bill starts to falter, the tax breaks can't continue to be as big, and some real hardcore death cultists get to grumbling.

i do think that if the GOP can get anything done, it's tax reform, but i don't think it will be easy for them.

Re: taxageddon is GO
Reply #53

Re: taxageddon is GO
Reply #54
https://www.theguardian.com/commentisfree/2017/dec/09/four-takeaways-republican-tax-bill

Quote
Taxes are the "thunder of world history," wrote Joseph Schumpeter. "The spirit of a people ... is written in its fiscal history."

Last Saturday, Republicans in the US Senate joined their comrades in the House to write a new chapter in America's fiscal history.

Or did they?

Re: taxageddon is GO
Reply #55
It's like we're living back in the 1920's. Except instead of Al Capone being an outlaw gangster, his retarded son is President.

  • el jefe
  • asleep till 2020 or 2024
Re: taxageddon is GO
Reply #56
given they only have 2 or 3 weeks before their senate margin drops from 3 votes to 2, the negotiators working on the tax bill have a newfound sense of urgency.

https://www.politico.com/story/2017/12/13/tax-reform-deal-compromise-plan-294972

they're going to scramble and flail this mess across the finish line.

one dynamic I'm hoping will materialize is that jones' win gives more leverage to marginal senators now, even before Jones gets seated.  ...  if moore had won, mcconnell could have double crossed collins and passed the final bill with 50 votes + pence.  but now someone like johnson or flake can decide they want a sweeter deal, and withhold their vote until after Jones is seated and then ask for more.

Re: taxageddon is GO
Reply #57
mcconnell will refuse to seat jones until 2019, no one will stop him, trump will remain the focus of "constitutional crisis" worrying.