Posted on 11/15/2017 4:51:41 PM PST by SkyPilot
Mr. Johnson said Republican plans prioritize corporations over pass-through entitiessole proprietorships, partnerships, limited liability companies and S Corporationswhose owners pay taxes through individual returns and at individual income-tax rates, rather than corporate rates. The Senate plan, like the House plan, proposes to cut the corporate rate from 35% to 20%. Top rates for pass-through filers would remain over 30% in the Senate version of the bill and the House bill substantially constrains how much pass-through income could be taxed at a new 25% rate.
I hate this bill because it raises taxes on millions of middle and upper middle class families in order to "pay for" cutting corporate taxes. That isn't what President Trump ran on.
The Senate could bribe him with a bone, but that will only put pressure on them to hike taxes on individuals even more to pay for a more generous business tax cut than what was proposed.
Tax Bill ping....
Is the Tax Package even finished yet ?
I haven’t liked what I read.
Republicans had 7 years to come up with a plan to repeal and replace obamacare. Nothing.
They’ve had years to come up with a good tax plan that they could get a consensus of republicans to support. Nothing.
Have they gotten anything done since they’ve had both houses of congress? They’re as bad as democrats.
Hes just the designated maverick to ensure the bill fails. Kabuki theater. The gop faction of the uniparty is bound and determined to lose the election in 2018. They want to return to the good old days in the minority when they didnt have to lead.
Politics is a scam and were suckers for playing.
I repeat...ten percent...flat tax...No exceptions,no deductions everyone has 10 percent skin in every years game...everyone.Watch the economy boom and the give aways disappear. Stop the social engineering!
There are two versions: the House and Senate. The Senate version is even harsher on individuals in some ways, and the House has terrible flaws as well. Which one is worse is dependent on your situation and your deductions.
The House is supposed to vote on their version tomorrow.
The gop is just the other faction of the uniparty. No real difference in philosophy between themselves and the dems.
Politics is a scam and were suckers for playing.
Hes just the designated maverick to ensure the bill fails. Kabuki theater.
Yep. Johnson was just reelected and isn’t up for SIX YEARS. No reason for him to do this other than stick it to POTUS.
It’s a phony tax bill. I hope it’s defeated
The Takers cannot be asked to pay taxes!
You know that!
The Republicans are falling for the Democrat propaganda: We have to pay for tax cuts!
Check out JFK’s speech in 1961 - a tax cut will pay for itself in the long run!
Amen.
Why should big multinationals have a lower tax rate than small businesses who employ more people? Because big business donates more to the GOP scum in Congress.
In the sweet old country where I come from
Nobody ever works
Yeah nothing gets done
We hang fire, we hang fire
They take turns being maverick. More fun that way.
Yup. This is a "GOPe Donors and K Street bill" - not a tax reform bill.
NY Rep. Collins says donors told him to get tax reform done 'or don't ever call' again
We are not going to get real reform with this Congress.
All of the undocumented Democrats in R jerseys need to be repealed and replaced.
Alexander, Corker, Flake, Graham, Hatch, Heller, Hoeven, Murkowsky, McCain, Rubio, Gardner, Burr, Tillis, Portman, McConnell, Thune, Cornyn, Cochran, Isackson, Blunt, Johnson, Toomey, Capito, Rounds, Fischer, Collins, Wicker, Sasse, Ernst, Lankford, Young, Boozman and Shelby are all undocumented Democrats in R jerseys.
Still, not a single Republican senator complaining about the loss of all individual SALT deductions.
That’s an ominous sign.
Still, whatever mechanism kills it, I’m OK with it. While my tax situation is not ideal and I pay far too much, I would pay a LOT more under either plan.
A lot more. Thousands more every year.
This one will not tolerate being pushed out of the Maverick Spotlight by some snippy upstart.
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