Posted on 11/30/2017 11:29:08 AM PST by JeepersFreepers
Sub-headline: Florida’s Republican tries to blow up the Senate tax reform.
The GOP is pushing forward on tax reform, though a receiving line of Republican holdouts are slow-rolling progress. One who deserves special mention is Marco Rubio, who contributed nothing to ObamaCare repeal and now aspires to dilute the tax bill.
On Wednesday Mr. Rubio and his political sidecar, Mike Lee of Utah, announced that they’ll file an amendment to the tax bill to change the $2,000 child tax credit. They want to make the credit refundable up to a person’s payroll tax liability, among other expensive tweaks. To pay for the changes, Messrs. Rubio and Lee would increase the corporate tax rate to 22% from the bill’s 20%.
If Mr. Rubio thinks payroll taxes are too high, he can propose a payroll tax cut. But then he’d have to weather the political fight of going after funding for Medicare and Social Security. So instead his back-door plan is to expand a refundable credit, which delivers checks to folks who owe no federal income tax.
More destructive is his increase in the corporate tax rate, which is the most pro-growth plank in the bill and could significantly increase what Americans earn since much of the tax falls on labor.
Messrs. Rubio and Lee are inviting Democrats to join them to pass the amendment on the Senate floor, though Democrats will oppose the final bill.
(Excerpt) Read more at wsj.com ...
grrrrrrrrrrrrrrrrr...........
This bass turd always reminded me of the smarmy high school know-it-all kid who ran for class president, and started showing up to school each day in a jacket and tie.
The last thing I would want is to have my name connected in any way with Putz Schumer.
Rubio used the camoflage of a Tea Party candidate to get elected, but he was always Cheap Labor Express stooge.
They sold us Rubio to get the final amnesty that would be the end of the Republic and the culmination of the Bush Plan for North Mexico.
Little Marco = RINO
Got news for ya...southern California, Arizona and New Mexico, as well as parts of Texas already are de facto Northern Mexico. The Mexicans, Central and South Americans have been pushing ever deeper from there into the other states. I moved from Los Angeles (my home of 40 yrs) to Charlotte, NC, in 2015 and was shocked to see the large Hispanic, mostly Mexican population here. I thought I had left all that behind, but find that my neighbors across the street here are Mexicans. Sigh.
The child tax credit is a credit not a refund, no? So people already get the money. Most people already get more back than what they put into social security, leave it alone.
Rubio and Schumer - slow walking over time the movement of funding social security to 100% from general tax revenues. Rubio is no Conservative.
Those morons in Congress just can't stop playing games with the SS fund. Unless major changes are made in the program, the people paying SS payroll taxes today will justifiably expect SS benefits when they require. So, why not stop playing games with the program and leave it alone until there is some overall reform that strengthens it rather than weakening it further.
Little Marco should be slapped in public for associating himself with this latest attempted raid on SS funding.
While I don't believe for a moment that the tax bill would do squat to increase what Americans earn, this amendment strikes me as a poison pill designed to make the bill unpalatable to those pushing for lower business taxes.
And they are willing to raise taxes on lifelong Republicans to pay welfare mothers that will never vote conservative.
Got it.
If Rubio thinks hanging with Schumer is a good idea then he’s as stupid as Captain Underpants Conyers
We need a new word for “refundable.” There cannot be a refund for money not paid out in the first place. It is a form of welfare. PDJT is good with words. Maybe when he turns to welfare reform he will come up with a good title.
+Thankfully Rubio was exposed in the last presidential primary. To think Mike Lee’s named was bandied about as a SCOTUS is unbelievable. These two are nothing more than RINO/democRATS!
For those of us with more than 2 kids, this is an improvement. Kudos to Senator Rubio for standing up for big families!
Stuck with him for 5 more years. Ugh.
>>>I thought I had left all that behind, but find that my neighbors across the street here are Mexicans. Sigh.<<<
At least you won’t suffer withdrawals of a lack of good Mexican food in your new home. I’m trying to help you accentuate the positive.
The proposal is good, provided it is offset by total elimination of the fraud plagued EITC and changing the eligibility for welfare programs (SSI, SSDI, Medicaid, food stamps, etc.)
Currently we penalize work and reward healthy welfare recipients. We need to reverse that.
Whichever way accomplishes the goal is fine with me. The less complex way would seem ideal. But we are talking government here and have to deal with reality.
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