Posted on 11/30/2017 5:14:36 PM PST by Mariner
Senate Republicans have delayed voting on their tax bill as a setback forced them to patch up the plan only hours before a planned final vote.
Senators will rework the legislation Thursday night with the next in a series of roll call votes set for 11 a.m. on Friday, Senate Majority Leader Mitch McConnell said. Republicans previously hoped they could pass a plan by late Thursday or early Friday.
A hiccup earlier Thursday left the GOP scrambling to tweak its bill and win over skeptical senators. The delay does not necessarily mean Republicans will lack the votes to pass the legislation on Friday.
It does, however, add more uncertainty to Republicans' push to overhaul the American tax system by the end of the year.
The Senate parliamentarian ruled Thursday that a fiscal "trigger," important to winning deficit-wary Sen. Bob Corker's support for the GOP plan, will not work under Senate rules. Republican senators are now looking to find new ways to address the concerns of Corker, a so-called deficit hawk Republican from Tennessee.
"It doesn't look like the trigger is going to work, according to the parliamentarian," Senate Majority Whip John Cornyn, R-Texas, told reporters, according to Politico. "So we have an alternative, frankly: a tax increase we don't want to do to try to address Sen. Corker's concerns."
(Excerpt) Read more at cnbc.com ...
Corker’s insistence on a “trigger” is stupid. There should not be an automatic tax rate increase without congressional debate and voting on the new tax rates.
See tagline.
The poorest fifth alrearyvpqt no federal income tax and the top 1% pay close to 50% or federal income taxes. If you want to cut taxes you must cut it for those who actually pay the taxes
“If they were on fire, and I had to piss, Id rather piss in my pants before putting one of them out.”
Hell, if Congress was on fire, I’d be running like The Flash looking for some gasoline.
Like I have said on numerous posts, the establishment republicans will never pass any legislation that makes President Trump looks good. The swamp hates him and that means both sides of the aisle.
Republicans have always been their own worst enemy, or as Pogo would say “We have meet the enemy and he is us”.
All of a sudden concern over deficits when these ba$tards spent like drunken sailors the past 16 years. All predicated on a phony lowballed growth projection from a politicized CBO.
So they must raise taxes to pass a tax cut. Nothing strange about that.
I believe this was your question and yes is the answer
Surely you are not talking about cutting spending on the Government. You must be talking about making the middle class cut spending.
Yeah, that is right, the middle class must cut their spending if revenues slump.
Sounds like a plan the Government would come up with.
I am so sick and tired of the a$$holes complaining about the tax bill, it makes me sick. To offset the stupid SALT deductions, the standard deduction is doubled and the % you pay on income is reduced. Is that so frickin hard to understand? The bill will reduce taxes on businesses, which will attract foreign investment/companies and create jobs.
When you kick the illegals out of the country, and increase jobs, wages go up. Is that so hard to friggin understand?
When you re-patriate cash from overseas, who cares where the money goes. It gets re-invested, or paid to investors. Either way, it will find its way into the system and be spent/taxed. Is that so friggin hard to understand?
Even a numbnuts like me can figure it out.
I guess you couldn’t figure out that completely eliminating the Personal Exemption means that they are not “doubling” the standard deduction. And thanks for calling me an “A$$hole.” Nice. That says more about you than it does me.
Listening to the nonsense on the floor, as the dems are introducing one motion after another to have the bill committed back to finance committee. They are losing on every vote 52 - 48. They need to stop the crap and get to voting on the bill
I couldn’t listen anymore. Some bitch from WA state is talking about taking away a deduction from the middle class, to give money to the wealthy and corporation. Not a single mention of the huge savings - typical family of 4 with household income of $ 70,000 to pay 60% less. Single person with income of $ 41,000 will save 25% on income taxes.
The real story here is that the dems are terrified about this bill. Once the vast majority of working Americans see significant savings on their taxes, they will remember the dems tried everything they could to defeat the bill. Once people are employed by companies expanded because of the money they saved in corporate taxes, they will remember it was the democrats that didn’t want it.
My taxes are going up by thousands of dollars. Funny, I don’t remember Trump promising to do that to me. Must have missed that one.
Curious to know how you’re taxes are going up, unless you missed in this senate version that up to $ 10,000 in property taxes will still be deductible?
I called his office again today, not in Washington, cause that line has been busy for days. I reached the office in Chattanooga and they had to gall to tell me that in his 11 years, Corker had not voted for any deficit increase that did not include a way to pay for itself.. Duh if that’s the case, how did it double in ten years.. they sure as hell didn’t pay for the increases, otherwise we wouldn’t be 10 trillion in debt.. I told her she was lying, she better check her facts, that Corker had indeed voted for trillions in debt that were not paid for.. then I hung up
OMG, now some dem idiot is talking about how bad it is for”the children”. Of course no mention of doubling the child credit to $ 2,000... So this is the next ploy, “what about the children”. What a bunch of morons. The idiot is complaining that someone who pays no income will only get an additional $ 75 child tax credit. We are not that stupid, if the people he’s talking about don’t make enough to pay taxes now, what does it matter what there child credit is, they don’t need it. LOL
Hurry up and give the vast majority a tax cut and a tax cut for the corporations who employ the people.
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