There is always going to be division. No one can submit any legislation that does not have division. Especially true nowadays in this country.
My taxes will be divided?
Our economy needs strong medicine. And strong medicine will only be prescribed by our congress at the cost of many of their seats. i.e.
1. The problem is the people, not the congress.
2. This will not be resolved. We are in this thing all the way down to the rocky depths below. This is all theater.
but it’s the CBO score that counts.
Fk them Kommie bass tarde.
Lying sacks of Shiite.
Move on with it already.
Simple majority and it’s done...
Then we can hammer the dems for being self serving maniacs next year who do not care if Americans have more money to spend, better job opportunities and an economy that is amazing for the first time in 20 years....
I support this tax plan as announced, as I suspect many others will also. The economy will absolutely boom. Awaiting the imminent arrival of those FReepers who will denounce those of us who support it as Social Justice Warriors.
Go figure! ;-)
If they don’t keep some level of deductibility for State taxes, the exodus from NY, NJ, and California to Texas and Florida might become a stampede. Here in NJ, a couple earning a combined $100,000 will pay about $5000 to the State, but the IRS would still tax you on the full $100k, even though you really only took home $95k.
Poorly written, the cap is halved, not the deduction.
I thought no deduction for state taxes?
Corker should have ZERO to do with this bill. He is leaving-— not running for reelection......
ALSO—CORKER was caught CHEATING on HIS INCOME TAXES for over 10 years.
He has a build in animus & bias.....
I’m not expecting a constitutional Article I, Section 8-compliant tax code until sometime after the 2018 elections.
"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.
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
In the meanwhile, patriots are reminded that they have their work cut out for them, making sure that there are plenty of state sovereignty-respecting, Trump-supporting patriot candidates on the 2018 primary ballots.
Note that the ultimate, Section 8-compliant tax code includes a repeal of the 16th and ill-conceived 17th Amendments imo.
We just got our estimate for Obamacare $1000 per month for two people. It will break us (my wife and me).
Republicans — MCCain — I blame you!!!!
This looks like taking blood from one arm and putting it in the other. Reality is they have no intention of cutting anything. They are even telling us they arent going to cut anything when they say “revenue neutral” and we need to “pay for a tax cut”. I’m ok with it because it’s a win for the president but let’s be realistic. We need real cuts that would mandate cutting government and spending.
“will pay about $5000 to the State, but the IRS would still tax you on the full $100k, even though you really only took home $95k.”
I understand it. I benefited from it. I get it.
But I disagree with TruthShallSetYouFree, and others that want the state tax credits.
No, you earned $100K, so pay tax on the $100K.
The state taking the 5K is not the Feds problem.
(Ideally, eliminate the income tax. User fees & tariffs worked for 150 years. Pay your own way.)
But it should never have been there to begin with. Eliminate it like the rest of the bad ideas.
It’s subsidizing bad behavior by the States, and out-of-control spending by the Feds.
Lower & Flatten the rates dramatically.
End ALL of these Personal deductions.
But, but, how will we pay for it?
The Republicans want to cut taxes; the Dims do not. Neither one of the parties wants to cut the size of government.
Many of these differences can be resolved within the process of reconciliation. But, show the attention whores a camera and they have to say stupid things.
Repeal the income tax. Send the states a bill for their apportioned share of the budget. Let the states figure out how they want to pay it.
Ronald Reagan never would have approved this plan because it is a massive tax increase on upper-middle dual income families.
As Mark Levin notes, GOP leadership is now promoting class warfare. No thanks.