Trump Tax Cut Proposal Underway

[Tero]

Trump and his congress pals may have lost a tax supporter
http://www.cnn.com/2017/12/10/politics/ ... index.html

[laklak]

Time to leave the country. Seriously. If we can do it you can too. Fuck 'em. All of 'em. Dems, Repubs, whoever. Fuck all of 'em in the ass, lubeless. Just hold it together for another year till I sell everything.

[Tero]

Yeah I have an out. But I’ve already moved a dozen times. Copenhagen would work.

[Tero]

About 20 protesters gathered outside Sen. Susan Collins’ Bangor home midday Sunday to voice their opposition to the sweeping Republican tax reform bill and Collins’ vote in favor of it.

Carrying signs reading “Shame,” “No Tax Cut for Fat Cats,”

“Don’t Trickle on Me”

and other slogans, the protesters formed a long line along the edge of the road, attracting occasional honks of support from drivers passing through the quiet neighborhood.

[L'Emmerdeur]

So, that report that Steve Mnuchin had 'over 100 people' working on, that was going to demonstrate what great things would come from the Republican tax giveaway to powerful corporations and the rich? Turns out it all came down to a single page of bald assertions. Mnuchin is nothing but a lying mountebank, just like his boss.

'Treasury’s One-Page Report: Trump’s Plans Pay for Senate Tax Cut'

The U.S. Treasury Department produced a one-page document Monday that it described as an “analysis of growth and revenue estimates” based on the Senate tax bill, but economists quickly called the document a political statement, not a rigorous economic study.

The 470-word report says only that the combined impact of President Donald Trump’s economic agenda -- including a regulatory rollback -- and tax cuts would drive enough growth to increase tax revenue by $300 billion over the next decade. Various other analyses have found that the tax cuts alone would increase federal deficits, by as much as $1 trillion.

The document, which Treasury calls a “white paper,” doesn’t look at the tax plan in isolation -- an analysis that Secretary Steven Mnuchin had previously pledged to conduct with full transparency. Instead, it merely adopts the administration’s projections of 2.9 percent average annual growth, a number that’s based on various policy goals.

[Brian Peacock]

I wonder when the Congressional Bugetry Office are due to report on the bill? I think technically they're supposed to report on these things before a House vote.

[Tero]

Welfare reform!
Growth!
Tax bill turned into miracle to reach all of Trump’s goals!
https://www.politico.com/story/2017/12/ ... 4?lo=ap_d1

[Tero]

Rand Paul votes for massive debt from tax, then opposes smaller spending/budget bill
https://www.cnbc.com/2017/12/12/rand-pa ... -debt.html

[Tero]

Even R Paul? Collins?
Votes might be there to push this through in a day or two:
https://www.politico.com/story/2017/12/ ... lan-294972

[Tero]

Corporate tax cut almost no benefit to employees:
http://money.cnn.com/2017/12/13/news/ec ... index.html

[Brian Peacock]

Yes, the middle income tax payers will get a tax cut, followed by incremental rises to ensure all the money they get now is paid back later, with a little more on top to cover the MASSIVE cut for the highest earners.

[Tero]

Any day now:
Sen. Marco Rubio, a Republican of Florida, is a "yes" on the tax reform bill, per a source close to the senator.

[Tero]

Now?
https://www.politico.com/story/2017/12/ ... ers-230853

[Tyrannical]

If Trump gets this tax bill passed, Dems are toast in 2018. The economy and especially stock market are already doing good, a tax cut with serious tax reform will send the economy into overdrive.
The limit of 10k deduction for state and local taxes is a kick in the balls to the champagne socialists living in big Democrat cities

[pErvinalia]

If Trump gets this tax bill passed, Dems are toast in 2018. The economy and especially stock market are already doing good, a tax cut with serious tax reform will send the economy into overdrive.