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Republican Sen. Ron Johnson Opposes GOP Senate Tax Package
The Wall Street Journal ^ | 15 Nov 17 | Siobhan Hughes

Posted on 11/15/2017 4:51:41 PM PST by SkyPilot

Sen. Ron Johnson (R., Wis.) said he opposes the Senate Republican tax package, becoming the first GOP voice of dissent that, if it gains momentum, could force significant changes or jeopardize the party’s goal to pass the bill before the end of the year.

“If they can pass it without me, let them,” Mr. Johnson said in an interview Wednesday, adding that the plan unfairly benefits corporations more than other types of businesses. “I’m not going to vote for this tax package.”

Any Republican opposition is significant because GOP leaders are counting on near universal support from within the party to pass a bill on party line votes. With 52 seats in the Senate, Republicans can lose no more than two votes unless they can somehow find a way to win votes from Democrats.

Other Senate Republicans have expressed concerns. Jeff Flake of Arizona, for example, has worried about deficits and Susan Collins of Maine has worried about Republican plans to repeal the insurance coverage mandate in the Affordable Care Act as part of a tax overhaul.

Until now, no Senate Republican has come out definitively against the GOP tax plan. The risk for GOP leaders is that other Republicans get behind Mr. Johnson’s opposition, and either stop the bill or slow its passage, depriving Republicans of the chance to boost after-tax income household income next year, during the elections.

Still, in a statement issued in the late afternoon, Mr. Johnson said he hoped that Republicans could address the disparity so he could support the final version of the tax bill. Such changes could be expensive and might force tax writers to make other changes. .

(Excerpt) Read more at wsj.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; US: Wisconsin
KEYWORDS: gop; ronjohnson; senate; taxbill; taxes; wisconsin
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This is essentially his beef:

Mr. Johnson said Republican plans prioritize corporations over “pass-through” entities—sole proprietorships, partnerships, limited liability companies and S Corporations—whose owners pay taxes through individual returns and at individual income-tax rates, rather than corporate rates. The Senate plan, like the House plan, proposes to cut the corporate rate from 35% to 20%. Top rates for pass-through filers would remain over 30% in the Senate version of the bill and the House bill substantially constrains how much pass-through income could be taxed at a new 25% rate.

I hate this bill because it raises taxes on millions of middle and upper middle class families in order to "pay for" cutting corporate taxes. That isn't what President Trump ran on.

The Senate could bribe him with a bone, but that will only put pressure on them to hike taxes on individuals even more to pay for a more generous business tax cut than what was proposed.

1 posted on 11/15/2017 4:51:42 PM PST by SkyPilot
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To: DoodleDawg; Mariner; lightman; Scotswife; nopardons

Tax Bill ping....


2 posted on 11/15/2017 4:52:24 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

Is the Tax Package even finished yet ?


3 posted on 11/15/2017 4:54:33 PM PST by butlerweave
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To: SkyPilot

I haven’t liked what I read.

Republicans had 7 years to come up with a plan to repeal and replace obamacare. Nothing.

They’ve had years to come up with a good tax plan that they could get a consensus of republicans to support. Nothing.

Have they gotten anything done since they’ve had both houses of congress? They’re as bad as democrats.


4 posted on 11/15/2017 4:56:34 PM PST by boycott
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To: SkyPilot

He’s just the “designated maverick” to ensure the bill fails. Kabuki theater. The gop faction of the uniparty is bound and determined to lose the election in 2018. They want to return to the good old days in the minority when they didn’t have to lead.

Politics is a scam and we’re suckers for playing.


5 posted on 11/15/2017 4:56:43 PM PST by RKBA Democrat (Christianity and politics don't mix.)
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To: SkyPilot

I repeat...ten percent...flat tax...No exceptions,no deductions everyone has 10 percent skin in every years game...everyone.Watch the economy boom and the give aways disappear. Stop the social engineering!


6 posted on 11/15/2017 4:56:51 PM PST by Don Corleone (.leave the gun, take the canolis, take it to the mattress.)
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To: butlerweave
Is the Tax Package even finished yet ?

There are two versions: the House and Senate. The Senate version is even harsher on individuals in some ways, and the House has terrible flaws as well. Which one is worse is dependent on your situation and your deductions.

The House is supposed to vote on their version tomorrow.

7 posted on 11/15/2017 4:59:56 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: boycott

The gop is just the other faction of the uniparty. No real difference in philosophy between themselves and the dems.

Politics is a scam and we’re suckers for playing.


8 posted on 11/15/2017 4:59:59 PM PST by RKBA Democrat (Christianity and politics don't mix.)
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To: RKBA Democrat

He’s just the “designated maverick” to ensure the bill fails. Kabuki theater.


Yep. Johnson was just reelected and isn’t up for SIX YEARS. No reason for him to do this other than stick it to POTUS.


9 posted on 11/15/2017 5:00:07 PM PST by lodi90
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To: SkyPilot

It’s a phony tax bill. I hope it’s defeated


10 posted on 11/15/2017 5:00:45 PM PST by stockpirate (The GOPe and socialist friends do not fear Americans)
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To: Don Corleone
everyone has 10 percent skin in every years game

The Takers cannot be asked to pay taxes!

You know that!


11 posted on 11/15/2017 5:02:55 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: boycott

The Republicans are falling for the Democrat propaganda: We have to pay for tax cuts!

Check out JFK’s speech in 1961 - a tax cut will pay for itself in the long run!


12 posted on 11/15/2017 5:03:47 PM PST by EarlyBird (There's a whole lot of winning going on around here!)
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To: stockpirate
It’s a phony tax bill. I hope it’s defeated

Amen.

13 posted on 11/15/2017 5:03:49 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

Why should big multinationals have a lower tax rate than small businesses who employ more people? Because big business donates more to the GOP scum in Congress.


14 posted on 11/15/2017 5:04:30 PM PST by Trumpisourlastchance
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To: boycott
Republicans had 7 years to come up with a plan to repeal and replace obamacare. Nothing. They’ve had years to come up with a good tax plan that they could get a consensus of republicans to support. Nothing. Have they gotten anything done since they’ve had both houses of congress?

In the sweet old country where I come from
Nobody ever works
Yeah nothing gets done
We hang fire, we hang fire

15 posted on 11/15/2017 5:05:52 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Trumpisourlastchance

They take turns being maverick. More fun that way.


16 posted on 11/15/2017 5:06:36 PM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: Trumpisourlastchance
Why should big multinationals have a lower tax rate than small businesses who employ more people? Because big business donates more to the GOP scum in Congress.

Yup. This is a "GOPe Donors and K Street bill" - not a tax reform bill.

NY Rep. Collins says donors told him to get tax reform done 'or don't ever call' again


17 posted on 11/15/2017 5:07:55 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

We are not going to get real reform with this Congress.
All of the undocumented Democrats in R jerseys need to be repealed and replaced.

Alexander, Corker, Flake, Graham, Hatch, Heller, Hoeven, Murkowsky, McCain, Rubio, Gardner, Burr, Tillis, Portman, McConnell, Thune, Cornyn, Cochran, Isackson, Blunt, Johnson, Toomey, Capito, Rounds, Fischer, Collins, Wicker, Sasse, Ernst, Lankford, Young, Boozman and Shelby are all undocumented Democrats in R jerseys.


18 posted on 11/15/2017 5:11:13 PM PST by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: SkyPilot

Still, not a single Republican senator complaining about the loss of all individual SALT deductions.

That’s an ominous sign.

Still, whatever mechanism kills it, I’m OK with it. While my tax situation is not ideal and I pay far too much, I would pay a LOT more under either plan.

A lot more. Thousands more every year.


19 posted on 11/15/2017 5:11:21 PM PST by Mariner (War Criminal #18)
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To: DIRTYSECRET
They take turns being maverick.

This one will not tolerate being pushed out of the Maverick Spotlight by some snippy upstart.

20 posted on 11/15/2017 5:11:56 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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