The gop is doing this so the democrats can say Trump refused to cut taxes on his wealthy friends. Trump should veto the bill.
GOProgressives poisoning the well. I hate them more than I hate the Democrat Progressives.
I am not going to plan on any tax cut at all. This total chaos does not bode well. I can’t decide how much of this is GOPe incompetence vs. they really want to fail to stop Trump from getting any credit at all. They are well on the way to a 2018 bloodbath that would turn the House and the Senate over to the Rats and many of them would be fine with that. They could then slide back in their comfy chairs as the token opposition and resume business as usual.
Just keep it up fellas. The backlash you will receive will be worse than Hillary.
Effin idiots!
Screw the small business, give the big breaks to the big corporations, and keep the brakes on the economy until after the 2018 elections, just to punish Trump.
Typical GO-Pee.
Repubs in house and senate have had 8+ years to be thinking of a good alternative tax plan. They’re scrambling to put something together. What have they been doing for 8+ years?
The same with Obamacare. They were talking for 7+ years but have nothing they could even get republicans to agree on. They are all talk and do nothing party.
And they always give hollow words on abortion. They’re useless.
It is so stupid to overtax small businesses. More than any other, small businesses must pass on their costs, including their tax costs.
If Lucy sells lemonade for a dime a cup and her costs are a nickel, she makes a nickel in her one person business every time she sells a cup. That is her profit she pays herself from.
If the city imposes a nickel tax per cup on drinks, what does Lucy make?
Zero.
What are Lucy’s choices?
1. Go out of business.
2. Raise prices to cover the tax.
Tax reform/relief DOA 2017.
So tax cuts later, spending now? Idiots! I bet the tax credit increases go in right away so those people paying zero get a refund.. A refund for what their neighbors paid, not what they paid.
This disaster of a plan should not be passed. Only simplicity can solve the mess. That would be 5% federal fixed rate, every form of income taxed, no deductions. Then everyone would have some skin in the game.
“Senate Tax Plan Keeps Much Higher Rate on Small Businesses, Lower Rate for Top Earners”
The elite GOP Senators once again serving the Wall Street donor class and executives of multinational corporations. Small businesspeople have no influence in the GOP. Most are main street deplorables.
What about carried interest? Neither the Democrats or Republicans will touch this huge tax exemption for the rent seekers in the investment and private equity communities.
Outside of a very small number of true public servants, the vast majority of elected representatives in DC need to be frog marched out of the capitol by The People.
The higher earners create more jobs based upon their company needs, both inside and out. If you stop the expansion of the big guys/gals, you also stop the littler guys/gals. Leave the market alone. It’s worked for a couple of hundred years and didn’t start having real problems until the politicians found their profits more useful than the companies that earned them.
Rich people want to get richer. Let them take the poorer people with them so instead of giving welfare, give a job.
rwood