Looks like many deductions will be eliminated, and many in the middle class will end up paying more in taxes.
What a joke this all is. It went from being a "Tax Cut" to "Tax Reform" because they knew it was going to raise taxes for millions of Americans.
This is a total screw job.
Be more honest to post Democrat press releases than post The Hill articles.
IDK...
We’ll see the House tax reform bill Nov 1st.
Mostly useless to say anything one way or the other until then.
-And then the Senate gets to mess it up after that.
https://apnews.com/10a7e7d77ff442399b706ce121f8ae66/House-GOP-moves-to-pass-budget,-start-tax-debate
401K tax hike back on the agenda:
A battle over tax-free contributions to retirement accounts has also broken open, and Republican tax writers have yet to lock down dozens of crucial details on tax rates and preferences.
State and local tax deduction preserved, because it was in the Senate version:
Republicans view passage of the upcoming tax measure as a career-defining dream, and its importance has only grown in the wake of the party’s debacle on health care. But the tax plan’s popularity is not a given with voters, and fissures among Republicans already threaten to slow the measure.
They now move behind closed doors (previously called the "smoke filled rooms").
As I said, hold onto your wallets.
Ways and Means Committee Chairman Kevin Brady, R-Texas, said immediately after the vote that he’ll release the tax measure on Nov. 1 and a panel vote is expected the week of Nov. 6 in hopes of a House vote before Thanksgiving. That timetable is ambitious as numerous details, including ways to raise revenues to help finance cuts to individual and corporate tax rates, remain unresolved.
Oh well, good thing to be a corporation then. Hooray! Sorry middle class. You didn't pay off millions to K Street lobbyists. You get what you pay for.
That vote sure isn’t veto proof.
Did any Democrats vote for this?
Since the GOP controls all three branches of government this budget cuts federal spending, right? Defunds Planned Parenthood and NPR, right? Guts spending at EPA, Interior, HHS, Education, and Energy, right? Increases spending at Defence and VA, right? Fully funds Border Control and ICE, right? Eliminates matching funds for Sancutuary Cities, right?
Spit.
I’m curious where everyone is getting their facts from because I cannot find the text of the actual bill just passed by both houses. Anyone have a link?
Isn’t this the first time in eight years that the US has had a budget?
If so, why aren’t the republicans talking about that?
Here is the text of the bill passed by the House. If you make baseless allegations about it I will ask you where in the bill said allegation is located.
https://www.congress.gov/bill/115th-congress/house-concurrent-resolution/71/text
Good, bad or indifferent, there is finally a budget passed for the first time in 8 years!
Patriots are reminded that POTUS is constitutionally “married” to Congress. So one of constitutionally low-information Trump’s campaign mistakes imo was getting likewise low-information patriots’ hopes too high about what he would actually be able to accomplish in his first two years since he has to work with a corrupt Congress left over from the lawless Obama Administration.
In other words, the 2016 elections are arguably not over yet, patriots needing to finish the job that they started by electing Trump, Trump’s first two years in office arguably for practice because of the uniparty Congress that wants to get rid of him.
In other words, it is uniquely up to us patriot voters to first make sure that there are plenty of Trump-supporting, state sovereignty-respecting, patriot candidates on the primary ballots for 2018 elections, and then pink-slip career lawmakers by sending patriot candidate lawmakers to DC on election day.
Regarding tax reduction, since repealing the ill-conceived 17th Amendment (17A) is the ultimate tax-reduction plan imo, 17A helping to foster unconstitutional federal taxes, taxes that Congress cannot justify under its constitutional, Article I, Section 8-limited powers, patriots need to consider qualifying primary candidates by getting them to commit to express-laning a ConCon for the sole purpose of repealing 17A.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.
For those patriots concerned about a possible overthrow of the country by a pirated ConCon, note that the product of a ConCon is never a new amendment to the Constitution, but a proposed amendment that the states can either ratify or reject.
After 17A has been repealed and patriots support Trump in working with federal and state lawmakers to put a stop to unconstitutional federal taxes, then the following will hopefully happen.
The states will find a tsunami of new revenues that they won't know what to do with. For starters, each state could establish its own healthcare and retirement programs, increase funding for public schools, police and fire departments, and repair infrastructure.
Corrections, insights welcome.