Posted on 11/15/2017 4:51:41 PM PST by SkyPilot
Sen. Ron Johnson (R., Wis.) said he opposes the Senate Republican tax package, becoming the first GOP voice of dissent that, if it gains momentum, could force significant changes or jeopardize the party’s goal to pass the bill before the end of the year.
“If they can pass it without me, let them,” Mr. Johnson said in an interview Wednesday, adding that the plan unfairly benefits corporations more than other types of businesses. “I’m not going to vote for this tax package.”
Any Republican opposition is significant because GOP leaders are counting on near universal support from within the party to pass a bill on party line votes. With 52 seats in the Senate, Republicans can lose no more than two votes unless they can somehow find a way to win votes from Democrats.
Other Senate Republicans have expressed concerns. Jeff Flake of Arizona, for example, has worried about deficits and Susan Collins of Maine has worried about Republican plans to repeal the insurance coverage mandate in the Affordable Care Act as part of a tax overhaul.
Until now, no Senate Republican has come out definitively against the GOP tax plan. The risk for GOP leaders is that other Republicans get behind Mr. Johnson’s opposition, and either stop the bill or slow its passage, depriving Republicans of the chance to boost after-tax income household income next year, during the elections.
Still, in a statement issued in the late afternoon, Mr. Johnson said he hoped that Republicans could address the disparity so he could support the final version of the tax bill. Such changes could be expensive and might force tax writers to make other changes. .
(Excerpt) Read more at wsj.com ...
I hope the above is wrong, but I doubt that it is. :-(
If this horror of a Tax INCREASE passes and Trump signs it, I may do the unthinkable and join you in '18 and '20.
That is akin to saying that just because the fleas carried bubonic plague, the rats that carried the fleas had no role in spreading the infection.
Eliminating deductions (read: making them illegal) that result in you having to fork over more of your money to the IRS at the point of a gun is a tax increase. If you pay more in 2018 than you paid in 2017, that is called a tax increase.
For starters, instead of the once promises 3 brackets, from the 7, there are now FIVE brackets, with the fifth one HIGHER than the top 7th. bracket now!
I'd give you a blow by blow of all of the brackets, but obviously you are deaf, dumb, and blind to the factual truth.
I've always considered myself a Conservative (fiscal, social) which doesn't mean "Republican" by any standard I can find, despite so many wrongly believing Conservative's and Republican's are the same.
That's just not true.
Remember: You can’t fix stupid.
The IRS collected over $24 billion in revenue from the State of South Carolina in FY2015. According to your chart, it received back 8 times that amount or nearly $200 billion?
Please provide a list of this federal spending in South Carolina. I notice three out of four at the top are states where major hurricanes have occurred. Is that the reason for the extra spending? It doesn’t look like it. https://www.cbo.gov/publication/44601
Posting a chart, means nothing unless you can explain how your arrived at those numbers.
Also, according to your chart, California is just about right on average, dollar for dollar. So why are Californians complaining?
Remember when this site had a vast majority of posters who knew what they were talking about? LOL
In the long run it is a tax hike. Right now it depends where you’re at as to whether you win or lose. In my case as it stands I win a bit. What folks are missing is that once all the deductions are gone, they’re gone. It makes it very easy to incrementally increase taxes at a later time. Which is exactly what will happen once the gop’s “friends across the aisle” take power at a later date.
Politics is a scam and we’re suckers for playing.
https://www.usaspending.gov/Pages/default.aspx
According to this California receives more federal money than any other state by far!
It seems they could address this primadonna’s concerns, compromise somehow and get something done.
And what some here don't realize, is that tax brackets are now "fluid" and in flux. Some have now been dumpy into HIGHER tax brackets than they are in now...and it's NOT just at the high end either!
And want another "sticking point"?
The BIG "talking point" that everyone will do better and better and earn more, will move them up bracketwise...IF this lie is even vaguely true.
This crap sandwich is TOXIC and growing worse by the day.
You've been here since '98 and believe that the UNIPARTY will "compromise" ?
I'm increasingly frustrated at the number of socialists, class-warfare jockeys and worse that are on here now.
It's not just here. It's EVERYWHERE. The lack of critical thinking skills in this country is simply astounding.
So many believe they're somehow entitled the the fruits of someone elses' labor (I have an ex-wife like that and I wish she'd have a tragic car or boating accident ... soon!)
I agree with you.
Has smart phones, the net, lousy parents, and lousy lefty education destroyed people's ability to think? It looks like it.
And yet, there are some posters, from our year, who are part of the group that are posting against us too.:-(
Sorry about your ex; may she get what's coming to her!
My you’re an optimist. It’s worse than that. The plan being talked about lately would make the corporate tax cuts permanent but the personal ones temporary. So absent future action, personal tax rates go up. But the lower corporate tax cuts are locked in.
Politics is a scam and we’re suckers for playing.
Wow we joined at about the same time — I joined just 7 days before you. Interesting. :-) Have a nice evening.
I’m hardly an “optimist”; especially when it comes to this TX INCREASE FOR MOST/TAX DECREASE FOR CORPORATIONS! I’m just worn out from typing the FACTS about it, to those self-blinded by greed and self-interest, to accept how truly HORRID it is.
My best estimate is that California receives a $30 BILLION dollar a year subsidy from the rest of us via their SALT deduction. Could be up to @50 billion, but I’m conservative and info is not easy to get.
That’s quite a handout to California (and they don’t even say ‘thank you’ like a bum on the street would).
It’s bad policy to send money from poorer areas to richer ones via the tax code. Especially to the businesses there, but even individuals too. If they want to pay a lot for local services then let them pay their own money.
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