Posted on 10/20/2017 2:33:48 PM PDT by drewh
U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier.
On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone Republican vote against it. That approval paves the way for their tax-cut proposal that would add up to $1.5 trillion to the federal deficit over the next decade to pay for the cuts.
U.S. President Donald Trump on Friday signaled optimism for passage of the cuts, saying Paul would back the proposed tax measure when it comes up for a vote.
"The Budget passed late last night, 51 to 49. We got ZERO Democrat votes with only Rand Paul (he will vote for Tax Cuts) voting against," Trump wrote on Twitter. "This now allows for the passage of large scale Tax Cuts (and Reform), which will be the biggest in the history of our country!"
Paul responded with his own tweet, saying, "I’m all in for tax cuts @realDonaldTrump. The biggest, boldest cuts possible - and soon!"
The Kentucky Republican had said he would not vote for the budget measure unless it in kept in line with previously enacted federal budget spending caps.
Republicans are still hammering out their tax legislation after releasing an initial outline. The administration has said it would deliver up to $6 trillion in tax cuts to businesses and individuals.
The Senate budget must be reconciled with a markedly different version passed by the House, a process lawmakers have said could take up to two weeks.
Forehead slapping ignorant...
Could you show me where in the bill it says that?
Gonna have to do a lot more explaining to convince me of the sweepingness of the tax plan. It seems to basically reduce rates by a couple of percent. And it has one self defeating feature. It takes yet more people of the tax rolls and converts them into solely tax consumers and their votes to freebie support. That was my quibble with Reagan’s tax reform. Better would be a true flat low tax on earned income and business. 9% with zero credits, deductions and exemptions would bring in more revenue and be less onerous and cost billions less to implement.
You want to know if the bill eliminates state and local tax deductions? Google: “State and Local Tax Deduction” and hit “news.” There are dozens of articles for you to read.
So I just google the bill number and it will come up?
Poor guy. He could as you said leave a great single term and with great personal pride in these concrete achievements, but for the socialist Republicans burning the house down around him.
Worse, is the inability to rid DC of the Bush/Clinton/Obama and UNIPARTY SWAMP that is seemingly permanently entrenched, and remains behind all the sabotage of the Trump agenda.
Trump has got to clean house. Lou Dobbs is on fire about this tonight, on his great show.
not sure how to post this but might someone put this in breaking news.
Steve Bannon is about to speak at the CAGOP dinner.. it’s being covered live by ABC.
http://abc7.com/live/23340/
Sorry, I don’t give a crap about your taxes (or mine which are probably higher and going higher). All I care about is a tax cut for corporations and investors. You can continue to be greedy but that doesn’t help MAGA.
To me; tax cuts are more important then the wall or obamacare.
you and your deductions. I want to send in a post card that says I win.
I heard this a while back that they wanted to eliminate the mortgage deduction. It’s like the GOP wants to see the Democrats take power. It smells like Soros. No one in Washington has this level of cunning or boldness.
Perhaps. It also smells like Paul Ryan.
Nice. I won't stoop to your level and say the same thing about your taxes for corporations and stock market gamblers. You can continue to be greedy, but that doesn't help.
Glad you have the interests of the country at heart.
“Republicans are still hammering out their tax legislation after releasing an initial outline.”
Oh, like the Republicans “hammered out” repeal-and-replace to Obamacare from 2011 to 2016? I’m not holding my breath.
And if the deduction is so terrible, why does the bill allow big corporations and businesses to continue to claim their state and local taxes as a deduction, but not individuals?
Because K Street Lobbyists wrote the bill - that's why.
Then they ought to eliminate it for both. But then you would just switch to a new talking point. You did stumble upon a grain of truth in your last reply which is that the corporate income tax hits people like me. It did in the past, I was in the lowest bracket, 15%, and had no accountant to reduce my taxes. My corporation made a pittance and I was unable to reinvest the money in services to build up the corporation. Instead I had to pay most of the corporate income to me as income. If I didn't do that, my corporate marginal rate, with less than 100k income was 34%.
But that's obviously ok with you.
I would far rather see the personal income tax zeroed, partially replaced by tariffs, with corporate income tax reduced to be sufficient to pay for the military budget.
Maybe a special levy to pay for the border wall, and military deployment to the border.
Screw you. Complain to your state legislators!!!
So you are for middle class Americans paying much higher taxes to the Federal government.
Are you sure you are a conservative?
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