And Neither the House Nor the Senate Can Fix

    Share on Google+        
And Neither the House Nor the Senate Can Fix
Click on the image
To pass a tax bill with just fifty-one votes in the Senate--rather than sixty--the Republicans must keep the over-all cost of their proposal to $1.5 trillion over ten years. Even when allowing for a one-year delay in implementing the corporate tax cut, the business provisions of the G.O.P.'s plans swallow the lion's share of that sum. According to an analysis of the Senate Republicans' plan that the Joint Committee on Taxation released on Thursday, cutting the corporate tax rate to twenty per cent starting in 2019 would cost $1.33 trillion by 2027. The Senate's version of the tax cut for unincorporated businesses, which is somewhat different from the one in the House plan, would cost about $285 billion. If you combine these two items alone, you get to $1.62 trillion--which is already over the $1.5 trillion limit.

About Us
posted-today.org shows the most important world news of the day, under the editorial criteria of their impact on Internet and social networks.
Contact
Do you have any suggestion? Contact us.

    Share on Google+        

We might need you!
Investors and business angels continue reading, please: posted-today.org is a very innovative project which has just started. We can steadily grow in visits and content and become leaders of the digital press in an ETA of 10 years. This curve of success could be considerably improved having more resources. If you stand out for your vision of the future, maybe you can help us, or the other way round.
Technology
This is not just buzzing words: posted-today.org is an example of what you get when applying state-of-the-art technologies, such as Big Data, Content Curation, Natural Language Processing (NLP), NoSQL, Cloud Computing, ...