GOP has votes to pass Senate tax bill, McConnell

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Trumped Up Trickle

- clothingmadeinusablog.wordpres...
01 Dec 2017
What could be easier than passing a bill that cuts taxes on US citizens? It should be easier than falling down. I mean who doesn't want to pay less on their taxes? But this is not what the GOP tax bill is. First and foremost, the tax cut is for the benefit of the sponsors of the Grand Old Party. It starts with the permanent tax cuts to large corporations. Next, you add ...

Senate Suspends Bill Votes to Friday Morning

01 Dec 2017
After seeming to gain momentum during the day, the GOP's tax cut plan smacked into a decision from the Senate's rule-making office that said a so-called trigger proposed by GOP holdouts didn't pass procedural muster. At least three Republicans -- Bob Corker of Tennessee, Jeff Flake of Arizona and James Lankford of Oklahoma -- had tied their votes to the mechanism, which ...
- bloomberg.com

A Victory For The Middle Class

- clickhole.com
01 Dec 2017
With the GOP's sweeping tax reform bill hurtling through the Senate, it's been hard for ordinary Americans to know just what kind of effect its passage would have on them. Well, we can finally stop wondering, because it turns out that the bill is a resounding victory for the middle class: The GOP tax bill will require all eviction notices to come with an explanation of ...

They've Got It GOP Reaches 50 Senators in Support of Tax Bill

01 Dec 2017
So where does the vote count stand? As of Thursday morning, the possible GOP holdouts included John McCain of Arizona, Susan Collins of Maine, Steve Daines of Montana, Ron Johnson of Wisconsin, Bob Corker of Tennessee, and Jeff Flake of Arizona. That left the GOP, which has a 52 seat majority in the Senate, possibly 4 votes short of passing the bill. McCain said he would ...
- breitbart.com

Sanders Demands Ryan, McConnell Come Clean on GOP Plan to Gut Medicare, Medicaid, Social Security

- commondreams.org
01 Dec 2017
As the deficit-exploding GOP tax plan hurtles toward a final vote in the Senate this week, Sen. Bernie Sanders (I-Vt.) delivered a letter to Senate Majority Leader Mitch McConnell (R-Ky.) and House Speaker Paul Ryan (R-Wis.) on Monday demanding to know how much they are planning to cut from Medicare, Medicaid, Social Security, and other key programs in order to offset the ...

GOP looks to jam Democrats in shutdown fight

01 Dec 2017
While the plan hasn't been finalized, the House would move first under this scenario, passing a bill with only Republican votes. The Senate would then try to follow suit, but it would need to pick off at least eight Senate Democrats to clear the chamber's higher 60-vote threshold. Republicans believe that Schumer would come under heavy pressure from his own colleagues to ...
- politico.com

Senate to Pass Monstrous Tax Cut Bill

- truth-out.org
01 Dec 2017
The pestilence passing itself off as the Senate Gop's tax bill was brought to the floor at 10:30 am on Thursday for what is called the "vote-a-rama ," which amounts to many hours of debate over the bill itself as well as amendments that may be added. Abruptly, an 11th hour report by the nonpartisan Joint Committee on Taxation stated yesterday afternoon that the GOP tax ...

Flake to back tax bill, giving GOP 50 votes

01 Dec 2017
Sen. Jeff Flake Jeffrey (Jeff) Lane Flake Susan Collins is swing vote on tax bill Top GOP senators say they have the votes to pass tax bill Angus King on GOP tax push: 'To call this a circus would be an insult to circuses' MORE (R-Ariz.) said on Friday that he will support the Republican tax plan handing leadership the 50th vote needed to pass the bill.
- ppne.ws

The GOP Plan Is the Biggest Tax Increase in American History, By Far

- theintercept.com
01 Dec 2017
Senate Majority Leader Mitch McConnell, R-Ky., said Friday afternoon Senate Republicans have the votes to pass the plan, which gets referred to as only a $1.5 trillion cut because it raises $4.5 trillion in taxes elsewhere. But the key question is who gets a tax hike and who gets a tax cut. Put simply, the bulk of the tax cut is going toward the rich, while the tax ...

Senate leaders push tax debate into Friday

01 Dec 2017
The decision to skip a late-night session on Thursday comes as deficit hawks, led by Sen. Bob Corker Robert (Bob) Phillips Corker GOP in furious push for tax-reform votes Two Budget Committee GOP senators threaten to vote against tax bill State Dept official in charge of Tillerson's agency overhaul resigns after three months MORE (R-Tenn.), push for a guarantee that the ...
- thehill.com

GOP tax plan impact on millennials

- businessinsider.com
01 Dec 2017
Now, the GOP will tell you that these cuts will get paid for with economic growth. That's utter nonsense. That 'tax cuts trickle down' myth has been disproven over and over again, and it especially won't work now. As tax economist Martin Sullivan told Business Insider's Bob Bryan, the Senate plan is "crazy" and "stupid" and in part because:

Kim Jong Un Fears That G O P Tax Bill Makes His Plan to Destroy the U S Redundant

01 Dec 2017
PYONGYANG ( The Borowitz Report )--Kim Jong Un is concerned that his long-standing plan to destroy the United States has been made totally irrelevant by the Republican tax bill moving through the Senate, a source close to the North Korean dictator said on Friday.
- newyorker.com

Senate weighs scaling back tax package to win deficit hawks

- kens5.com
01 Dec 2017
WASHINGTON, DC - NOVEMBER 29: The U.S. Capitol cast a reflection on November 29, 2017 in Washington, DC. This week the Republican led Senate is trying gain enough votes to pass a U.S. tax reform bill. (Photo by Mark Wilson/Getty Images) (Photo: Mark Wilson, 2017 Getty Images)

Tell your Senators to say NO to unfair tax reform

01 Dec 2017
As your constituent and an AARP supporter, I urge you to oppose any tax reform legislation that would hurt older Americans. The tax bill being considered in the Senate would be particularly harmful to seniors. According to the Congressional Budget Office, the large deficits it creates would result in a $25 billion cut to Medicare, absent additional Congressional action, ...
- action.aarp.org

Trump the populist? Not when it comes to his tax plan

- nbcnews.com
01 Dec 2017
"Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households, not the wealthy and well-connected. They can call me all they want. It's not going to help. I'm doing the right thing, and it's not good for me. Believe me." (Speech on the GOP tax plan, Sept. 27, 2017)

GOP looking at scale

01 Dec 2017
The scramble to alter the bill came after senators said the chamber's parliamentarian had ruled that automatic "triggers" designed to guard against big deficits would violate Senate rules. GOP leaders' main concern was winning over lawmakers, including Sens. Bob Corker of Tennessee and Jeff Flake of Arizona, concerned about adding more red ink to the deficit.
- arkansasonline.com

Will the GOP tax bill cost Donald Trump 'a fortune

- politifact.com
01 Dec 2017
And an analysis by an independent group, the Urban Institute-Brookings Institution Tax Policy Center, estimated that for the top one-tenth of 1 percent of earners -- those with incomes of at least $3,439,900 -- 72 percent would see tax cuts and 28 would see a tax increase in 2018. The average tax cut for this group would be $174,620 in 2018.

Senate weighs scaling back tax package to win deficit hawks

01 Dec 2017
Sen. John Cornyn, R-Texas, said the bill will have "alternative, frankly, tax increases we don't want to do" to deal with deficit concerns. Flake said the tax increases would raise about $350 billion over 10 years, though he didn't specify which taxes would go up.
- kare11.com

Letters to the Editor

- miningjournal.net
01 Dec 2017
The tax proposals' second negative effect on seniors was reported by the Congressional Budget Office (CBO). The CBO projects that the enormous cost of the tax bills would prompt immediate, automatic, and ongoing spending cuts to Medicare-$25 billion in 2018 alone (press release dated Nov. 15, 2017 of Medicare Advocacy.org). The third negative impact is contained only in ...

Colorado Sen Cory Gardner has marijuana businesses in mind for tax bill

01 Dec 2017
Speaker of the House Paul Ryan, R-Wis., points to boxes of petitions supporting the Republican tax reform bill that is set for a vote later this week as he arrives for a news conference on Capitol Hill in Washington, Tuesday, Nov. 14, 2017. (J. Scott Applewhite, The Associated Press)
- thecannabist.co

Here's what's in the Senate Republican tax bill

- money.cnn.com
01 Dec 2017
And it would require companies to pay a one-time low tax rate on their existing overseas profits -- 10% on cash assets and 5% on non-cash assets (e.g., equipment abroad in which profits were invested). Those are below the 14% and 7% repatriation rates called for in the amended House bill.
#BobCorkerofTennessee      #JeffFlakeofArizona      #JointCommittee      #CongressionalBudgetOffice     
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