Drudge Retort: The Other Side of the News
Friday, December 01, 2017

• Senator Mitch McConnell, the majority leader, said "we have the votes" and the Senate will begin voting later today.

• Three previous Republican holdouts -- Senators Jeff Flake of Arizona, Steve Daines of Montana and Ron Johnson of Wisconsin -- threw their support behind the bill.

• The bill will now include a $10,000 deduction for state and local property taxes in a bid to sway Senator Susan Collins of Maine, who remains on the fence.

• An effort by Senator Bob Corker of Tennessee to include future tax increases to offset the deficit impact of the bill appears to have been rejected by Senate leadership.

• Lawmakers are now considering reinstating a modified version of the alternative minimum tax on individuals and on corporations.

Advertisement

Advertisement

More

Alternate links: Google News | Twitter

Republicans appeared increasingly confident as they milled into the Senate's ornate Strom Thurmond Room to hash out the remaining details of a tax bill that has been a moving target.

Mr. Corker and Mr. Flake had pushed to scale back the tax cuts in the Senate bill by as much as one-third, in the wake of a report from the congressional Joint Committee on Taxation that projected the bill would add $1 trillion to deficits over the course of a decade, even after accounting for economic growth.

Their insistence has angered many Republican colleagues who do not want to reduce the $1.4 trillion tax cut package.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

There was pressure to allow more low-income families to claim an expanded child tax credit. To fund that change there would be a reduction the size of the cut in the corporate tax rate, landing it at 22 percent instead of 20 percent, a change opposed by President Trump.

So, Andrea and Donald on the same page again.

#1 | Posted by Corky at 2017-12-01 01:28 PM | Reply

Trump thanks you the DR usual's for your devoted lying and sacrifice of the working man taxpayer for his bottom line

The rest of us however would really like to curb-stomp you dishonest, racist bastards

#2 | Posted by ChiefTutMoses at 2017-12-01 01:33 PM | Reply | Newsworthy 3

"Says the tax bill "is going to cost me a fortune, this thing -- believe me. Believe me, this is not good for me."
-- Donald Trump on Wednesday, November 29th, 2017 in a speech in St. Charles, Mo.

Trump may indeed get hit by some of the tax bill's specific provisions. But independent analyses of the bill's potential impact on his own tax situation agree that, after all is said and done, he should come out far ahead compared to the status quo."

-- either of the GOP bills would almost certainly give Trump a big windfall.

Two independent analyses suggest that it could be in the low tens of millions of dollars immediately. His family also could get as much as $1.1 billion over the longer term if the estate tax is fully repealed, as the House bill would do.

We rate the statement False."

www.politifact.com

A billion dollar windfall for the President is what we all live for.

#3 | Posted by Corky at 2017-12-01 01:39 PM | Reply

This is indeed great news.

The Trump recession is right on schedule.

#4 | Posted by 726 at 2017-12-01 01:47 PM | Reply

I love how all the leftest start out by saying someone will get a windfall what they don't say is the money was earned by the tax payer. See the money that is worked for is the tax payers money not the Governments and if said tax payer gets to keep some more of his own money that is a good thing

#5 | Posted by WTFIGO at 2017-12-01 02:04 PM | Reply

#5

The wealthiest taxpayers get to write the tax laws where they give themselves yuge tax windfalls... and their dopey proxy voters "think" that is fair.

#6 | Posted by Corky at 2017-12-01 02:13 PM | Reply

"See the money that is worked for is the tax payers money not the Governments"

Not when we're running deficits, and you want me to pay for an even further increase in the deficit that goes to you.

Make no mistake: we're not deciding who gets a surplus of revenue, we're agreeing to borrow an extra $1.5 Trillion so corporations and the wealthiest can get even more money than the records they control now.

"if said tax payer gets to keep some more of his own money that is a good thing"

You're right. But if you're going to get $23 a week, and the top .01% are going to get $7000 a week, is that a good thing?

#7 | Posted by Danforth at 2017-12-01 02:17 PM | Reply | Newsworthy 1

Did anyone else get a semi just reading the blog title? I can't be the only one.

#8 | Posted by visitor_ at 2017-12-01 02:22 PM | Reply

"and if said tax payer gets to keep some more of his own money that is a good thing"

Trump gets to keep more of his daddy's money.

I have a hunch you do too. You don't sound smart enough to do well in this economy.

#9 | Posted by snoofy at 2017-12-01 02:29 PM | Reply

Brian Schatz‏ @brianschatz

Republicans are about to vote to transfer literally trillions from regular people who work at regular jobs to around 5,500 people with estates, and the largest and most profitable global corporations in human history. Don't be despondent. Be angry.
7:54 AM - 30 Nov 2017

#10 | Posted by Gal_Tuesday at 2017-12-01 02:30 PM | Reply | Newsworthy 1

Advertisement

Advertisement

#8 | POSTED BY VISITOR

Probably the first hard on the geriatric traitors known as GOP congress have had in decades. First one since Palin did that wink I bet.

#11 | Posted by IndianaJones at 2017-12-01 02:33 PM | Reply | Funny: 1

Not true! Reading about the poor being evicted works better than Cialis.

#12 | Posted by visitor_ at 2017-12-01 02:41 PM | Reply

Every Democrat: Lyin' Donnie is lying again to the American people. He says he won't benefit, but elimination of the Estate Tax alone will save his family billions...assuming he's telling the truth. But it's Lyin' Donnie, and Lyin' Donnie lies all the time. He can prove us wrong if he shows us his tax return, but he won't, cause he's Lyin Donnie!

#13 | Posted by Danforth at 2017-12-01 02:49 PM | Reply

"Tax reform is why Republicans haven't turned on Trump

Now, with the Senate GOP poised to pass a generational restructuring of the American tax code -- one that will permanently slash the corporate rate by more than 40% (from 35% to 20%) and repeal the Affordable Care Act's individual mandate to buy health insurance -- their faith looks destined to be rewarded.

At what price, we don't yet fully know. Hours before McConnell announced he had the votes to move the legislation, former Trump national security adviser Michael Flynn pleaded guilty to lying, when questioned by the FBI, about conversations with Russia's ambassador. He is now cooperating with the special counsel's investigation.

One mystery bleeds into the next."

www.cnn.com

As Michelle Goldberg noted in the Russia Owns Trump article we have, "a Republican Party willing to tolerate something close to treason if it's the price of corporate tax cuts."

#14 | Posted by Corky at 2017-12-01 04:18 PM | Reply

The lobbyists are winning:

Claire McCaskill‏ @clairecmc

This is so bad. We have just gotten list of amendments to be included in bill NOT from our R colleagues, but from lobbyists downtown. None of us have seen this list, but lobbyists have it. Need I say more? Disgusting. And we probably will not even be given time to read them.
11:29 AM - 1 Dec 2017

Steve Schmidt‏ @SteveSchmidtSES

The United States Senate has gone completely off the rails. Lobbyists are writing the bill in secret and duly elected Democratic US Senators have no idea what's in it. The corruption of what used to be the worlds greatest deliberative body is a tragedy.
1:29 PM - 1 Dec 2017

#15 | Posted by Gal_Tuesday at 2017-12-01 10:13 PM | Reply

Senator Dick Durbin‏ @SenatorDurbin

BREAKING: Senate Democrats just tried to get Senate Republicans to adjourn for a few days and take the time to actually read their tax bill.

RT if you agree that reading bills before they're voted on is the least we can do.
7:05 PM - 1 Dec 2017

#16 | Posted by Gal_Tuesday at 2017-12-01 10:28 PM | Reply

Reading through some news it seems that now that they have the votes it's bonanza time.

An update on CNN said there were hand written amendments in a 500 page bill being passed out hours before the vote.

What's that, repubs, about "cramming legislation down our throats" without debate or public input?

I have a feeling that over the next month we're going to find ever increasingly bad things in this bill and we'll have no one but our neighborhood I-don't-support-Trump Trump supports to thank for it. Idiots.

#17 | Posted by jpw at 2017-12-02 12:32 AM | Reply

The Trump recession is right on schedule.

#4 | POSTED BY 726

LOL are you kidding?

Mark Levin probably has three volumes of nasally delivered talking points angrily explaining how the Trump recession has it's roots in Obama and Clinton administration policies.

#18 | Posted by jpw at 2017-12-02 12:33 AM | Reply

"I have a feeling that over the next month we're going to find ever increasingly bad things in this bill "

McCaskill of MO just tweeted out an entire subsection of the tax code the Dems got from lobbyists, not from their R counterparts.

Not a single R is going to have read this bill when they vote on it.

Let's all suck on that a while, shall we???

#19 | Posted by Danforth at 2017-12-02 12:34 AM | Reply

Not a single R is going to have read this bill when they vote on it.

Disgusting.

Not reading a bill out of some misguided protest of government is one thing.

Not reading it because you're only purpose in government is a "yes" vote to hand money and power to moneyed interests amounts to treason in my book.

I know that's not the legal definition, but it's the figurative to me.

#20 | Posted by jpw at 2017-12-02 01:25 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2017 World Readable

Drudge Retort