Tuesday, December 19, 2017

House Must Revote on $1.4 Trillion Tax Heist

Whoopsies. The House will have to take a mulligan on tax reform after the Senate parliamentarian ruled some portions of the bill don't pass muster with reconciliation rules Tuesday afternoon, an embarrassing if temporary setback for Republicans' top legislative priority as they close out the year. The screw-up was on the Senate side, and is the latest sign of how fast Republicans are trying to rush through a major overhaul of both corporate and individual tax law.

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The parliamentarian struck down Sen. Ted Cruz's (R-TX) prized change to allow 529 college savings plans to be used for homeschooling expenses, as well as part of a provision exempting some private universities from a new tax on colleges' student endowments. The title of the bill itself, "The Tax Cuts and Jobs Act," was also ruled to violate Senate rules for allowing the bill to pass with 51 votes rather than a supermajority.

Comments

GOP willing to pass unpopular tax bill and worsen their terrible standing with the public, because if they don't, they'll lose campaign funds. When politicians fear donors more than voters, it's time to make lobbying illegal.

#1 | Posted by lee_the_agent at 2017-12-19 06:08 PM

Fake news. They have to vote again on it because the version they passed violates the Byrd rule in the Senate. They are expected to vote again and actually pass a version that conforms with Senate rules tomorrow.

#2 | Posted by johnny_hotsauce at 2017-12-19 06:08 PM

The only comforting thought is that this will make life relatively worse for trump supporters on average than it will for me.

#3 | Posted by IndianaJones at 2017-12-19 06:11 PM

They are going to be defending it through next years mid-term elections.... at the same time they suddenly
"discover" that it drove up the deficit and they are trying to cut programs for kids, seniors, and the poor to pay for his taxpayer credit card gift to corporations and the very wealthy.

Hello, House!

See you soon, Senate!

Oprah 2020! (anyone will be able to beat Trump... I expect he'll be primaried by his own party.)

#4 | Posted by Corky at 2017-12-19 06:13 PM

repubs pigs and con-artists.

They will pay for this on the backs of the middle class and the poor.

Go to hell repubs

#5 | Posted by PunchyPossum at 2017-12-19 06:24 PM

Paul Ryan got all pitchy and excited gaveling in the swindle

What an unmanly tool

#6 | Posted by ChiefTutMoses at 2017-12-19 06:25 PM

Of course they'll pass it. Tax cuts for the rich is the only thing they actually care about. Everything else they pretend to care about is only an effort to get enough power so that they can pass tax cuts for the rich.

They don't really care about religion (obviously since this bill screws the poor in favor of the rich)

They don't really care about gays or abortion, except to convince bible thumpers to vote for them so they can pass tax cuts for the rich.

They don't really care about immigrants, except to get bigots to vote for them so they can pass tax cuts for the rich

They don't really care about terrorism, except to get ------------ to vote for them so they can pass tax cuts for the rich

They don't really care about spending control, since this bill will blow up the deficit, they only pretend to in order to get fiscal conservatives to vote for them so they can pass tax cuts for the rich.

They don't really care about regulations, except to get lobbyist donations so they can win office and get tax cuts for the rich.

Every single thing repubs have done for the past 30 years has been an effort to get them into the position they're in today. This was guaranteed to happen the moment trump was elected. They might not achieve anything else under trump, but this is their one chance to really screw america and help the rich, and they're going to take it.

#7 | Posted by SpeakSoftly at 2017-12-19 06:36 PM

#7 |

Turns out Republicans are the Judy Garland party....

www.youtube.com

#8 | Posted by Corky at 2017-12-19 06:45 PM

I say we all send Uncle Sam an extra 10% just to spite Trump. That'll teach'em.

#9 | Posted by visitor_ at 2017-12-19 06:48 PM

I say we all send Uncle Sam an extra 10% just to spite Trump. That'll teach'em.

#9 | Posted by visitor_

Trump would just take that 10% and give it to the same rich sociopaths he's giving this tax cut to. ENOUGH is not a word they understand.

#10 | Posted by SpeakSoftly at 2017-12-19 07:04 PM

Congratulations you right wingers. Trump threw you a bone and you're thanking him for it. That's exactly what he wanted.

#11 | Posted by Twinpac at 2017-12-19 07:15 PM

Not so fast.....

www.yahoo.com

#12 | Posted by eberly at 2017-12-19 07:22 PM

Johnny already point that out in #2

#13 | Posted by eberly at 2017-12-19 07:24 PM

Johnny already point that out in #2

#13 | Posted by eberly

So what? It's a done deal. As it has been since trump was appointed by the electoral college.

#14 | Posted by SpeakSoftly at 2017-12-19 07:27 PM

"The only comforting thought is that this will make life relatively worse for trump supporters on average than it will for me.
#3 | Posted by IndianaJones"

That's basically what Trump voters were hoping would happen to democrats, minorities, immigrants, and liberals when they voted for Trump.

It's all about payback for too much social progress.

#16 | Posted by snoofy at 2017-12-19 07:40 PM

The Congress ass clowns that voted for this theft should be in prison.
LOCK THEM UP! LOCK THEM UP!

#17 | Posted by aborted_monson at 2017-12-19 07:45 PM

They have no shame. Isn't that a symptom of the criminally insane?

#18 | Posted by TenMile at 2017-12-19 07:50 PM

#16 concise and fully accurate.

you might say i voted for Obama for the same, but morally sufficient, reason.
my own father said "i don't think the country is ready for a black president." i was po'd at him when he said it and immediately told him so. but i had misunderstood him. moreover, he was right. of course, that would not have changed my vote(s), nor is that sort of foresight likely to ever change what votes i ever cast.

#19 | Posted by ichiro at 2017-12-19 07:54 PM

Wow. The butt-hurt on this thread is incredible. It's our turn now.

This is a good thing. It's going to help middle America.

You people just dont want anyone else to have their time..

#20 | Posted by boaz at 2017-12-19 08:08 PM

That's some real 3rd-grade logic there Boaz.

#21 | Posted by TFDNihilist at 2017-12-19 08:10 PM

That's some real 3rd-grade logic there Boaz.

Posted by TFDNihilist at 2017-12-19 08:10 PM | Reply

I think third graders are smarter than that.

#22 | Posted by LauraMohr at 2017-12-19 08:13 PM

And you had your turn during the Bush era. Remember the worldwide recession in 2008?

#23 | Posted by TFDNihilist at 2017-12-19 08:13 PM

You've also had your turn in Kansas and Florida. How's that working out?

#24 | Posted by TFDNihilist at 2017-12-19 08:14 PM

- It's going to help middle America.

How? Are corporations going to pass on their tax cuts to the middle-class? That's Trickle Down, which has never, ever werked.

Trump Pets are Making America Kansas Again.

#25 | Posted by Corky at 2017-12-19 08:19 PM

Whatever. This is exactly why our country is divided.

So, in the same spirit I'm getting from all of you,

Go f*c( yourselves...and enjoy the tax cut next year..

#26 | Posted by boaz at 2017-12-19 08:21 PM

This is a good thing. It's going to help middle America.

You people just dont want anyone else to have their time..

#20 | Posted by boaz at 2017-12-19 08:08 PM | Reply | Flag:

Kansas proves that statement is bullocks.

#27 | Posted by LauraMohr at 2017-12-19 08:26 PM

"As the House conducted just one hour of debate on the bill"

sounds like the passing of Obamacare

#28 | Posted by Maverick at 2017-12-19 08:28 PM

"It's our turn now."

Your turn to do what? Make the rich richer?

#29 | Posted by snoofy at 2017-12-19 08:28 PM

#20

Helps middle America? Are you daft?

#30 | Posted by Zed at 2017-12-19 08:30 PM

sounds like the passing of Obamacare

Posted by Maverick at 2017-12-19 08:28 PM | Reply

Not even factually accurate.

#31 | Posted by LauraMohr at 2017-12-19 08:30 PM

"You people just dont want anyone else to have their time."

Okay, so you think that after Trump, there should be a Democrat President?

LMFAO. Taking turns. Grow up, little man.

#32 | Posted by snoofy at 2017-12-19 08:33 PM

Nice drama thread...enjoy your tax cuts, while screaming "what about 2027????!"

*circle circle circle*

*flap flap flap*

#33 | Posted by Rightocenter at 2017-12-19 08:37 PM

#33

I will enjoy my tax cuts, thanks. But I do wish I got the deal Corker, Ryan, and Trump did.

#34 | Posted by Zed at 2017-12-19 08:41 PM

#33

You guys are too stupid to know when you've been robbed.

#35 | Posted by Zed at 2017-12-19 08:42 PM

"the doubling of the standard deduction"

Not true, and the reporting on this has been AWFUL.

First, the standard deduction for a single person as of 2018 is $6500. Doubling would be to $13,000, not to $12,000.

Second, they're combining the standard deduction and the personal exemption ($4150 in 2018) and adding ~$1400. That is NOT doubling the standard deduction.

#36 | Posted by Danforth at 2017-12-19 08:48 PM

Wow. The butt-hurt on this thread is incredible. It's our turn now.

#20 | Posted by boaz

Hahaha you consider yourself part of the billionaires club?

Youre the most pathetic con sucker on this site.

Or do you mean it's the ignorant racists turn now?

#37 | Posted by SpeakSoftly at 2017-12-19 08:48 PM

"enjoy your tax cuts"

Who's paying for it?

#38 | Posted by snoofy at 2017-12-19 08:48 PM

This tax code disallows the deduction of Union dues, but allows deductions for fees to fight Unions.

#39 | Posted by Danforth at 2017-12-19 08:49 PM

Who's paying for it?

You.

#40 | Posted by REDIAL at 2017-12-19 08:50 PM

You, with interest.

#41 | Posted by Danforth at 2017-12-19 08:51 PM

I'm paying for it?
You sure it's not RightOCenter or Congress or rich people who are paying for it?
He made it sound like I was getting a gift... something to enjoy...
That's not the case then?

#42 | Posted by snoofy at 2017-12-19 08:54 PM

Back when the Bush tax cuts were passed, I predicted the collapse that followed, the Republicans thought it would come a little later than it did. The plan is to have it collapse in a Democrat's lap, the Bush recession happened while Dubya was still President, which was totally not the plan. Then Obama took the necessary steps to rebuild the economy, even pissing off many of his liberal friends, he did what was necessary and I still respect him for it and I am a wild eyed liberal.

Today, Republicans get one house of Congress to approve this piece of crap knowing, full well, it will bring on another collapse. They just think their math is better, that it will fall into the lap of the Democrat who replaces Trump. What I don't actually know is if they think that will happen in 3 years or 7 years. From the absolute greed displayed in this bill, I suspect it will be in 3-1/2 years. When President Jerry Brown is in office. Yes, that would be their wet dream. To steal 1.5 trillion dollars and then blame it on the most successful Governor in America, one of the most liberal Governors in America, one of the biggest supporters of efforts to combat global warming....and probably the best candidate that the Democrats could put up for President. It's almost as if this tax cut is aimed at him. They know it will bring disaster and they hope it will bring it after he is inaugurated President.

And...that is how cynically they think.

#43 | Posted by danni at 2017-12-19 08:55 PM

RightOCetner, what's your response to that?
Or will you not be commenting until 2027, you'll be flapping well into the next decade, I bet.
Good for you.
That's much more of a gift, by the way.

#44 | Posted by snoofy at 2017-12-19 08:55 PM

"Wow. The butt-hurt on this thread is incredible. It's our turn now."

The fat cats are sipping champagne and laughing at you right now. Clue: you get nothing, they get millions. What don't you understand about that?

"The fat cats are sipping champagne and laughing at you right now."

I know you served our country, I respect you for that.

The fat cats are sipping champagne and laughing at you right now.

I know you're an honest man who thinks he is just being a good citizen.

The fat cats are sipping champagne and laughing at you right now.
The fat cats are sipping champagne and laughing at you right now.The fat cats are sipping champagne and laughing at you right now.The fat cats are sipping champagne and laughing at you right now.The fat cats are sipping champagne and laughing at you right now.The fat cats are sipping champagne and laughing at you right now.

Get that into your brain and you'll be ok. Til you do consider yourself to be a pawn, because that is what you are. I'll give you though, you are a black pawn. No better than being a white pawn.

#45 | Posted by danni at 2017-12-19 09:01 PM

Ezra Klein‏ @ezraklein

Donald Trump won the presidency promising a new populism, a draining of the swamp, a government for "the forgotten people." Today, his signature legislation passed the House: tax cuts for corporations, for the rich, for his friends, for himself.
12:00 PM - 19 Dec 2017

#46 | Posted by Gal_Tuesday at 2017-12-19 09:16 PM

Get that into your brain and you'll be ok.

I'm not jealous and eyeing someone else's money. I'll leave that to Democrats like you..

#47 | Posted by boaz at 2017-12-19 09:27 PM

You want to know what's funny, that you liberals wont even talk about?

The "rich" are mostly Democrat and friends of....guess who?

Hillary.

#48 | Posted by boaz at 2017-12-19 09:28 PM

Sorry Gal, I love you but....Donald Trump did not win the Presidency and I will absolutely not stop objecting when someone says he did. For crying out loud, at least go watch Greg Palsast's web site and see for yourself. And Greg Palast is a serious and legitimate reporter unlike the paid shills on the right.

www.gregpalast.com

Educate yourself! IMHO recognizing the election theft that has been occurring in America, at least since 2000, is the most important thing we should focus on. The Republicans have developed many techniques to suppress the vote of minorities, the elderly, students, they have gerrymandered districts to such a degree that we live in a nation where more votes were cast for Democrats for Congress than Republicans but we still have a Republican controlled Congress.

I am becoming seriously tired of Democrats who want to blame ourselve for defeats in districts where obvious election frauds have occurred.

"Voter fraud": The crime that doesn't really happen but which many states have to pass laws to combat???? Come on, when they are passing laws against "voter fraud", what they are really doing is distracting from "election fraud" that they do every election since 2000.

I suspect you are just as aware of this as I am but we need to never let them openly pretend either Donald Trump or George Bush ever won the Presidency legitimately. I know I never will.
I'm just not stupid enough to fall for the things Fox News voters seem to be determined to.

#49 | Posted by danni at 2017-12-19 09:29 PM

"The "rich" are mostly Democrat and friends of....guess who?
Hillary."

You're completely full of crap. Every Trump voter thinks right now, except for the principled few, that they are getting exactly what they paid for. Tax cuts. You're a fool to think this is anything except a profit on an investment, and they don't give a crap about you or this country. Notice, now when they outsource jobs, under this bill, the profits made won't be subject to American income taxes? So, if you had a pile of money available to you, where would you invest it????? America??? Yeah right, and I hate to call you this, but yeah, only someone stupid would believe that money would be invested here in America where they have to pay income taxes. Wake the hell up Boaz, you can't really be that stupid? Or can you? At least don't be proud of it. OK?

#50 | Posted by danni at 2017-12-19 09:37 PM

#47

No one wants you to be jealous. They want you to be smart.

#51 | Posted by Zed at 2017-12-19 09:53 PM

This is a good thing. It's going to help middle America.
You people just dont want anyone else to have their time..

#20 | POSTED BY BOAZ

*Slllluuuuurrrrrrrppppppp* this purple kool aid is delicious!

-boaz

#52 | Posted by jpw at 2017-12-19 09:54 PM

Whatever. This is exactly why our country is divided.

#26 | POSTED BY BOAZ

Because half the electorate is too stupid to recognize they're being told the same lies over and over and over again in about 10 year cycles?

#53 | Posted by jpw at 2017-12-19 09:55 PM

sounds like the passing of Obamacare

#28 | POSTED BY MAVERICK

No, ------, it doesn't.

(See boaz? Too. Damned. Stupid.)

#54 | Posted by jpw at 2017-12-19 09:56 PM

#52

Many Jim Jones followers we're actually shot in the back of the head. That's what the GOP did to their constituents tonight.

#55 | Posted by Zed at 2017-12-19 09:57 PM

Rep. Joe Kennedy III‏ @RepJoeKennedy

Medicare, Social Security, health care, food assistance, heating aid, and VA benefits. Those are the dollars that Paul Ryan and Mitch McConnell are coming after the second their tax plan passes. Just take their own word for it.
11:05 AM - 18 Dec 2017

#56 | Posted by Gal_Tuesday at 2017-12-19 09:57 PM

*circle circle circle*
*flap flap flap*

#33 | POSTED BY RIGHTOCENTER

I hope hans rubs this in your face when supply side fails yet again.

Question is, will you be man enough to admit you were conned.

#57 | Posted by jpw at 2017-12-19 09:58 PM

#56 How many Trump voters benefit from those programs? Will they feel betrayed by Trump and the GOP?

#58 | Posted by Gal_Tuesday at 2017-12-19 09:59 PM

He will get rich off it JPW.
That's why he supports it.
And ---- everybody else.

#59 | Posted by snoofy at 2017-12-19 10:15 PM

"I'm not jealous and eyeing someone else's money."

What you're eyeing starts two feet down from the pocketbook.

#60 | Posted by snoofy at 2017-12-19 10:28 PM

Then where is the kharma for the trumptilians?

#63 | Posted by truthhurts at 2017-12-19 10:34 PM

My favorite part was Steny Hoyer complaining/warning that this would lead to mass exodus from high tax states like New York and California because their economies being based on local and state taxes deferred.

#64 | Posted by bogey1355 at 2017-12-19 10:55 PM

This is a good thing. It's going to help middle America.

---------. This bill is another massive ripoff by the rich. The Republicans do it every time and people like you never notice you're being robbed. Trump proved throughout his career that he doesn't give a ---- about the working man. He openly bragged about stiffing his contractors!

He doesn't give a ---- about you, me or anybody else who works for a living.

#65 | Posted by rcade at 2017-12-19 10:57 PM

This plan hurts me due to the $10K cap on property and state income tax deduction. I pay way more than $10K.

And I don't live in a blue state where it's argued this is more punitive.

This probably helps you, snoofy, and it hurts me.

Enjoy.

#66 | Posted by eberly at 2017-12-19 11:05 PM

#64: It's about time they paid their fair share. =P

#67 | Posted by Daniel at 2017-12-19 11:06 PM

RCade, with all due respect, you are wrong. Yes. The SOME of the rich are going to SAVE more money than the poor. But that's because they pay more to begin with. The big issue is and has been is that Corporations will no longer be forced to offshore things like production and profit (cash).

#68 | Posted by bogey1355 at 2017-12-19 11:11 PM

"The SOME of the rich are going to SAVE more money than the poor. But that's because they pay more to begin with."

That explains the raw dollars. But why are those at the top getting a larger percentage cut than those at the bottom?

And why is over 82% of the money ultimately going to the top 1%?

#69 | Posted by Danforth at 2017-12-19 11:20 PM

Danforth,

I haven't read the latest text nor spoken with my CAP since it was released, and I'll use your numbers.

raw dollars-Simple math. More earned means higher bracket means more saved.

82%-sMe as above. If you make more, and therefore pay more taxes, any break will a$ext you proportiinately.

#70 | Posted by bogey1355 at 2017-12-20 12:17 AM

"raw dollars-Simple math. More earned means higher bracket means more saved."

But the same percentage cuts would mean more saved at the top. Instead, those at the top get a larger percentage cut (~5.2%) vs. those at the bottom (~0.6%).

"82%-sMe as above."

But the top 1% don't earn 82% of the money. Why are they getting 82% of the tax cuts?

"any break will a$ext you proportionately."

But these don't. The richest get a proportionally larger percentage cut.

#71 | Posted by Danforth at 2017-12-20 12:23 AM

Dan,

I'm not saying the bill is perfect, but, it's better than nothing.

#72 | Posted by bogey1355 at 2017-12-20 12:34 AM

Persinally, I'm a flat taxed. Everybody should have akin in the game.

#73 | Posted by bogey1355 at 2017-12-20 12:38 AM

I'm a flat taxer...

#74 | Posted by bogey1355 at 2017-12-20 12:38 AM

Everybody should have akin in the game.
#73 | POSTED BY BOGEY1355

Everybody does. The idea that they don't is just silly. EVERYBODY is taxed.

#75 | Posted by rstybeach11 at 2017-12-20 12:39 AM

#47 corporations are NOT people.

#76 | Posted by ichiro at 2017-12-20 12:44 AM

Everybody is taxed. But everybody is not taxed equally or proportionatly. People below a certain threshold do not actually pay federal income tax. They do pay things like local sales tax, state sales tax, etc. But they do not pay net federal income tax.

#77 | Posted by bogey1355 at 2017-12-20 12:53 AM

"I'm not saying the bill is perfect, but, it's better than nothing."

But it's not.

It borrows $2 Trillion, and gives 82% of it to the wealthiest 1%.

Literally, NOTHING would be better.

What on earth makes you believe this bill has any redeeming aspects???

#78 | Posted by Danforth at 2017-12-20 12:55 AM

"People below a certain threshold do not actually pay federal income tax. "

So what? They pay other federal taxes, like payroll taxes. In fact, 2/3rds of workers pay more over their lifetimes in payroll taxes than they do in income taxes.

"But they do not pay net federal income tax."

Sorry, but you lost the use of that talking point when Dubya used MY payroll tax overcollections to justify YOUR income tax cut. A federal tax is a federal tax is a federal tax, and everyone pays federal taxes.

#79 | Posted by Danforth at 2017-12-20 12:58 AM

"But everybody is not taxed equally or proportionately."

Then answer the question: why do the folks at the bottom get a 0.6% cut, while the folks at the top get a 5.2% cut?

#80 | Posted by Danforth at 2017-12-20 01:02 AM

Because ate most likley going to hire 500 employs and open re-open a hospital that we had to shutter shortly as a result of the ACA being passed.

#81 | Posted by bogey1355 at 2017-12-20 01:03 AM

"People below a certain threshold do not actually pay federal income tax."

Do you know the two main reasons that % has spiked recently? The larger Child Tax Credit, and the Earned Income Tax Credit. Both Republican ideas.

In fact, Rubio's insistence on a higher refundable portion of the CTC will cause that % to rise even further...

...leading, of course, to Republicans complaining that an even higher percentage of filers don't pay income taxes.

#82 | Posted by Danforth at 2017-12-20 01:05 AM

"Because ate most likley going to hire 500 employs and open re-open a hospital that we had to shutter shortly as a result of the ACA being passed."

Who is lying to you like that?

Hospitals will have to shutter due to the purposeful destruction of the ACA.

Whoever is celebrating the upcoming slashing of Medicaid funds, and telling you it will cause your local hospital to re-open, is an idiot.

#83 | Posted by Danforth at 2017-12-20 01:07 AM

I'm not saying the bill is perfect, but, it's better than nothing.

#72 | POSTED BY BOGEY1355

BS.

The economy was humming along just fine before Dumpster took office. A tax cut to "boost" the economy was unnecessary.

But then again, you know that that's just the rationalization for the bill but not the reason.

#84 | Posted by jpw at 2017-12-20 02:25 AM

Because ate most likley going to hire 500 employs and open re-open a hospital that we had to shutter shortly as a result of the ACA being passed.

#81 | POSTED BY BOGEY1355

*bends over and lets a fat, juicy loud one rip*

-bogey1355

#85 | Posted by jpw at 2017-12-20 02:27 AM

"I'm not jealous and eyeing someone else's money. I'll leave that to Democrats like you.."

Yeah, and when an elderly woman who gets $1000 or less per month to live on through SS, you'll be fine with the bastards cutting it to pay for their tax cuts. Cuz, it isn't about reality for folks like you, it's about ideology which you use to prove that you are one of the "members" of the ruling class. Doesn't matter if you share in the wealth, it only matters that you can call yourself a member. Trust me on this, the real "members" are laughing at you as you post.

#86 | Posted by danni at 2017-12-20 07:05 AM

38% of ALL US stocks are owned by foreigners. They will benefit more from this tax bill than 99% of the American public. America First turned on end.

Meanwhile, Corker pretends he was unaware of a rider which benefits himself and Trump personally, added at the moment he flipped his vote to YES.

Its outrageous.

#87 | Posted by bayviking at 2017-12-20 07:45 AM

38% of ALL US stocks are owned by foreigners. They will benefit more from this tax bill than 99% of the American public. America First turned on end. Meanwhile, Corker pretends he was unaware of a rider which benefits himself and Trump personally, added at the moment he flipped his vote to YES.

#88 | Posted by bayviking at 2017-12-20 07:47 AM

The Usual Victims still showing up to brag about their rapes?

#89 | Posted by Zed at 2017-12-20 09:23 AM

Can the people who did not get a return and/or itemize weigh in on this? If a state has predatory state taxes why does the rest of the country need to foot the bill so high wage earners can deduct those taxes?

#90 | Posted by Nuke_Gently at 2017-12-20 09:34 AM

#90: The primary reason that everyone should want those high taxed states to get those deductions is because those states are subsidizing LA.,MS., AL., and so on.

#91 | Posted by Reagan58 at 2017-12-20 09:42 AM

Bogey must be homeschooled.

Boazo is just an idiot and parrots Fox News talking points.

#92 | Posted by aborted_monson at 2017-12-20 09:56 AM

"If a state has predatory state taxes why does the rest of the country need to foot the bill so high wage earners can deduct those taxes?"

If all states were neutral when it comes to federal dollars in-and-back, you'd have a point. But blue states, in general, already subsidize red states, in general, even once SALT is included. Why should the imbalance be exacerbated?

#93 | Posted by Danforth at 2017-12-20 10:07 AM

If all states were neutral when it comes to federal dollars in-and-back, you'd have a point. But blue states, in general, already subsidize red states, in general, even once SALT is included. Why should the imbalance be exacerbated?

#93 | Posted by Danforth at 2017-12-20 10:07 AM | Reply

That's because most of the rich and ultra rich live in blue states. The average earner in new york is no more subsidizing someone in alabama than say the average earner in florida.

#94 | Posted by daniel_3 at 2017-12-20 10:21 AM

That's because most of the rich and ultra rich live in blue states. The average earner in new york is no more subsidizing someone in alabama than say the average earner in florida.

#94 | POSTED BY DANIEL_3

That's really bad math... And not even remotely true. You can't just cherry pick New York as an example. You have many other Blue States like Minnesota subsidizing states like Mississippi and Alaska.

#95 | Posted by Sycophant at 2017-12-20 10:45 AM

But everybody is not taxed equally or proportionatly.

Your right. People who earn over $115,000 in wages do not pay FICA taxes.

#96 | Posted by 726 at 2017-12-20 10:53 AM

The SOME of the rich are going to SAVE more money than the poor. But that's because they pay more to begin with.

No, it's because this bill gives the rich a bunch of permanent tax breaks and the money to pay for them is coming right out of our pockets. You are being suckered. This is what Republicans do with every major tax bill. They enrich fat cats at the expense of working people. It's quid pro quo. The donations and the lobbyists for the rich make sure their interests are served.

#97 | Posted by rcade at 2017-12-20 11:05 AM

This plan hurts me due to the $10K cap on property and state income tax deduction. I pay way more than $10K.

And I don't live in a blue state where it's argued this is more punitive.

This probably helps you, snoofy, and it hurts me.

Enjoy.

#66 | Posted by eberly

Guess you should haven't spent so much energy defending these plutocrats or acting like they're the same as democrats.

Did you think they WOULDNT screw you? How adorable.

#98 | Posted by SpeakSoftly at 2017-12-20 11:15 AM

What this bill boils down to is corporate welfare:

Bernie Sanders‏ @SenSanders

Today is a victory for the largest and most profitable corporations in this country who, despite record-breaking profits, will now see hundreds of billions of dollars in tax breaks at the expense of working families.

Apple, which has received $726 million in corporate welfare and government handouts over the last 30 years, will get a $48 billion tax cut from Republicans.

Pfizer, which fired thousands of employees and gave executives huge raises after the last repatriation holiday, will get a $38.8 billion tax break.

Microsoft will receive $27.7 billion in tax cuts after donating $17.9 million to the Republican Party since 1990.

Between 2008 and 2015, General Electric received more in tax credits than it paid in actual taxes and is still in line for a $16 billion tax cut next year.

IBM fired 12,000 workers and gave executives a $7 million raise after bringing $9.5 billion back into the US in 2004, yet Republicans want to give the company a $13.9 billion tax cut.

Johnson & Johnson will get a $12.9 billion tax break to "create jobs." Last time it repatriated offshore profits, the company fired people and gave executives a $32.8 million raise.

Exxon Mobil is getting a great return on their investment in the Republican Party. It will receive a $10.5 billion tax break after donating $16.8 million to Republicans since 1990.

After crashing the world economy and costing millions of Americans their jobs, Citigroup & Goldman Sachs took $3.7 trillion in taxpayer bailouts. Now, the GOP is giving them a $15.2 billion tax break.
9:35 AM - 19 Dec 2017
twitter.com

#99 | Posted by Gal_Tuesday at 2017-12-20 11:16 AM

Bernie Sanders‏ @SenSanders

At a time of massive inequality, the Republican tax bill will unbelievably provide 83% of the benefits to the top 1%, while increasing taxes on 92 million middle-class households by the end of the decade.

To see chart, go here: twitter.com

House Republicans just passed their disastrous tax bill. Congratulations to the Koch brothers, massive corporations and billionaire campaign contributors on looting the Treasury and working families.

To see Bernie video, go here: twitter.com

#100 | Posted by Gal_Tuesday at 2017-12-20 11:23 AM

Kamala Harris‏ @KamalaHarris

"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." -- Franklin D. Roosevelt
6:01 PM - 19 Dec 2017

#101 | Posted by Gal_Tuesday at 2017-12-20 11:27 AM

Here's hoping there is a special place in hell for Paul Ryan and all the GOP in Congress who voted "yes" on the tax scam bill:

AP Politics‏ @AP_Politics

House Speaker Paul Ryan is acknowledging "nobody knows" if the sweeping tax cuts Congress is enacting will produce enough economic growth to fend off soaring federal deficits
4:54 AM - 20 Dec 2017

#102 | Posted by Gal_Tuesday at 2017-12-20 11:33 AM

How long til repubs tell us we have to cut SS and medicare to fix the deficit (which was created by giving money to the rich)?

#103 | Posted by SpeakSoftly at 2017-12-20 12:09 PM

#103 To answer your question:

Ron Wyden‏ @RonWyden

Americans must know that the far right architects of the #GOPTaxScam will be coming for your Social Security, Medicare, Medicaid & more before you've taken down the Christmas tree.
8:49 PM - 19 Dec 2017

But it's all good because Republicans are just doing the Lord's work:

Marco Rubio‏ @marcorubio

Our steps are from the LORD; how, then, can mortals understand their way? Proverbs 20:24
5:01 AM - 20 Dec 2017

#104 | Posted by Gal_Tuesday at 2017-12-20 12:17 PM

#104 Dear Little Marco:

The greedy bring ruin to their households, but the one who hates bribes will live. Proverbs 15:27

#105 | Posted by Gal_Tuesday at 2017-12-20 12:36 PM

"...but the one who hates bribes will live. Proverbs 15:27" - #105 | Posted by Gal_Tuesday at 2017-12-20 12:36 PM

Looks like Bob Corker is damned.

#106 | Posted by Hans at 2017-12-20 01:21 PM

#105 NW

31 "But many who are first will be last, and the last first."

www.biblegateway.com

#107 | Posted by Corky at 2017-12-20 01:24 PM

#10

Bob Corker said he didn't know about that money. He's going to take it anyway.

#108 | Posted by Zed at 2017-12-20 01:25 PM

I'm ready to pull a Virginia (and better)in national politics. Bad policies can always be undone because bad men can always be fought.

#109 | Posted by Zed at 2017-12-20 01:28 PM

"Bob Corker said he didn't know about that money." - #108 | Posted by Zed at 2017-12-20 01:25 PM

He also said he'd vote against the final bill if it raised the debt even by a dollar.

So much for his integrity.

"He's going to take it anyway."

Natürlich. GOPers can't help themselves.

#110 | Posted by Hans at 2017-12-20 02:09 PM

"Obamacare has been repealed...I told people specifically to be quiet...I didn't want them to talk about it." - President Trump bragging about repealing Obamacare just now

#111 | Posted by Gal_Tuesday at 2017-12-20 02:20 PM

Part of me hopes that the Democrats in Congress will push 1 or 2 of the rewrites at a time, delaying the passage of the bill over and over again on procedural grounds. The other part of me realizes that Democrats suck at this type of gamesmanship.

#112 | Posted by chuffy at 2017-12-20 02:34 PM

That's really bad math... And not even remotely true. You can't just cherry pick New York as an example. You have many other Blue States like Minnesota subsidizing states like Mississippi and Alaska.

#95 | Posted by Sycophant at 2017-12-20 10:45 AM | Reply

I wish you had actually read and thought about my statement for more than a microsecond before replying. Minnesota has more billionaires and millionaires than New York, nice example case there.

#113 | Posted by daniel_3 at 2017-12-20 02:49 PM

I wish you had actually read and thought about my statement for more than a microsecond before replying. Minnesota has more billionaires and millionaires than New York, nice example case there.

#113 | Posted by daniel_3

hahah LINK?

#114 | Posted by SpeakSoftly at 2017-12-20 03:04 PM

"Minnesota has more billionaires and millionaires than New York..." - #113 | Posted by daniel_3 at 2017-12-20 02:49 PM

From which orifice on your body did you pull that "fact"?

#115 | Posted by Hans at 2017-12-20 03:25 PM

Americans must know that the far right architects of the #GOPTaxScam will be coming for your Social Security, Medicare, Medicaid & more before you've taken down the Christmas tree.
8:49 PM - 19 Dec 2017

But it's all good because Republicans are just doing the Lord's work:

Marco Rubio‏ @marcorubio

Our steps are from the LORD; how, then, can mortals understand their way? Proverbs 20:24
5:01 AM - 20 Dec 2017

Turns out that taxation WITH representation can also be tyranny.

#116 | Posted by donnerboy at 2017-12-20 05:22 PM

When politicians fear donors more than voters, it's time to make lobbying illegal.

#1 | POSTED BY LEE_THE_AGENT

Sic the FBI, CIA, NSA and MSM on 'em.

*sips bourbon*

#117 | Posted by DixvilleNotch at 2017-12-20 05:42 PM

Sic the FBI, CIA, NSA and MSM on 'em.

*sips bourbon*

#117 | Posted by DixvilleNotch

If you think those groups are your enemy perhaps vodka would be a more appropriate drink.

#118 | Posted by SpeakSoftly at 2017-12-20 05:50 PM

" The big issue is and has been is that Corporations will no longer be forced to offshore things like production and profit (cash).
#68 | POSTED BY BOGEY1355 "

Production?
Cash I can see, even though I disagree, but what in this tax plan favors re-shoring production?

#119 | Posted by snoofy at 2017-12-20 09:51 PM

SNOOFY

The same thing has crossed my mind. There may be more to this tax "heist" (as it's called) than meets the eye. Trump campaigned heavily on bringing manufacturing business back to America. Since Trump's appeals to patriotism failed miserably (which only the most naïve (Trump)thought would work), there's a possibility that Trump has resorted to bribery ~ in the form of relaxed regulations (which we know eats away at the corporate bottom line and shareholders' profits) and zero tax liability.

This plan may not be the whole package. There are other fixed liabilities (higher wages and benefits) that offshorers have to consider but this tax "heist" is certainly a good hook, especially if promises to deal with wages and benefits later are in the pipeline.

If true, it's a huge make-it-or-break-it gamble which may not work but Trump is desperate enough to spend every last ounce of his political capital to hang on ~ no matter what the cost.

Not that I'm giving Trump any credit as a mastermind. I'm just trying to look at this from a different viewpoint.

#120 | Posted by Twinpac at 2017-12-21 03:10 AM

Dear TwinPac --

Trump has an endless supply of political capital. He self-generates political capital from your tears.

You know who is out of political capital? Democrats.

Letting you know because I care.

Fondly,

'Notch

#121 | Posted by DixvilleNotch at 2017-12-21 11:57 AM

That's pretty much how all major legislation is going to happen from this point. Although it happened before W, the way in which they got the Patriot Act passed started this whole mess. Then Obama did it in a more twisted and ridiculous way with getting the ACA passed. Now, and of course we all knew it would take a guy like Trump to make it even worse, he is doing it with his tax plan. Don't turn the dial, wait until we see how the next administration appeases his base by using shady tactics.

#122 | Posted by humtake at 2017-12-21 12:34 PM

Thank you Notch. I love you, too.

#123 | Posted by Twinpac at 2017-12-21 01:07 PM

"You know who is out of political capital? Democrats."

You know who is out of his flea picking mind?

YOU.

Just letting you know cause I care.

Donner

#124 | Posted by donnerboy at 2017-12-21 01:27 PM

"You know who is out of political capital? Democrats." - #121 | Posted by DixvilleNotch at 2017-12-21 11:57 AM

Senator-elect Roy Moore (R-Alabama) couldn't agree with you more.

Same with Governor-elect Ed Gillespie (R-Virginia).

#125 | Posted by Hans at 2017-12-21 01:33 PM

The dems need to start thinking about their 1.5 trillion project for the people.

No more we can't afford it!!!

#126 | Posted by fresno500 at 2017-12-21 05:20 PM

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