Tax bill clears Senate in big boost for Trump, GOP

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What Would He Think of Republican Plan

- nationalreview.com
02 Dec 2017
Both of today's GOP bills, House and Senate, violate these standards of equity and fairness. In the Senate bill, which is being debated and voted on this week, Republicans claim that by slightly lowering rates and adjusting income ranges, as well as doubling the standard deduction and eliminating the Alternative Minimum Tax, they can ensure that everyone will receive a tax ...

Senate tax bill to pass hours after release of final plan

02 Dec 2017
Johnson in particular is a major boost for Senate GOP leaders, who have struggled all week to corral at least 50 votes for the tax measure. Republicans are using powerful budget procedures to evade a Democratic filibuster on the bill, so Majority Leader Mitch McConnell can lose only two GOP votes and pass the bill.
- politico.com

Senate Republicans pass 1 5 trillion tax overhaul bill, marking major victory for Trump

- abcnews.go.com
02 Dec 2017
"I commend my Senate colleagues for this historic action," House Speaker Paul Ryan, R-Wisc., said in a statement following the passage of the Tax Cuts and Jobs Act. "For the first time since 1986, both the House and the Senate have passed a major overhaul of our nation's tax code. Now we will move quickly to a conference committee so we can get a final bill to President ...

Senate bill will include property

02 Dec 2017
Senate Republicans earlier Friday morning secured the votes they need for the bill to pass, with GOP Sens. Ron Johnson Ronald (Ron) Harold Johnson GOP sets 23 percent deduction for small businesses to save 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 (Wis.), Steve ...
- thehill.com

The GOP Tax Bill Is Basically Like Throwing Gasoline On The Dumpster Fire That Is the Climate Crisis

- inthesetimes.com
02 Dec 2017
The bill could also make it harder for the United States to break its addiction to fossil fuels. Though it wouldn't eliminate existing tax credits for renewable fuel sources, the legislation could make these credits harder to access. On November 22, a provision many renewable energy advocates hoped would get left behind in the House version of the tax package--the Base ...

GOP nears Senate OK of tax bill after flurry of final deals

02 Dec 2017
Democrats derided the bill as a GOP gift to its wealthy and business backers at the expense of lower-earning people. They contrasted the bill's permanent reduction in corporate income tax rates from 35 percent to 20 percent to individual tax breaks that would end in 2026.
- kron4.com

Reform passes in Trump win

- businessinsider.com
02 Dec 2017
Trump added that the bill's passage brought the US "one step closer to delivering MASSIVE tax cuts for working families across America." He also thanked Senate Majority Leader Mitch McConnell and Sen. Orrin Hatch, the second highest-ranking Republican in the chamber, for "shepherding our bill through the Senate. Look forward to signing a final bill before Christmas!"

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

02 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 ...
- theintercept.com

The GOP tax bill is of the lobbies, by the PACs and for the money Period

- silverdoctors.com
02 Dec 2017
So on an after-tax cash flow basis, the viewpoint of advocates, the net tax cut on corporate income would amount to $682 billion or just half of the pure rate cut (and AMT) provisions in the Senate Committee bill. And for all US businesses-- including pass-thrus---the net tax savings over the decade is $907 billion.

US Senate Passes GOP Tax Bill Pressure on India to Reduce Corporate Tax

02 Dec 2017
The Republicans in the senate exchanged heated arguments during their debate on corporate tax bill. Later the bill was passed by 51-49 majority giving the Trump administration a taste of success that wants to finalize the bill by the end of 2017 giving them a major success after an year completion in the White House.
- financeminutes.com

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

- newyorker.com
02 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.

GOP nears Senate OK of tax bill after flurry of final deals

02 Dec 2017
Eliminating deductions for state and local taxes. The GOP has called these deductions favoritism for people who live in high-tax states. In fact, ending deductibility of state and local taxes would tax income that has already been taxed away from a taxpayer. It is, quite simply, double taxation. Repealing the Alternative Minimum Tax, which assures that wealthy people who ...
- yahoo.com

GOP nears Senate OK of tax bill after flurry of final deals

- phl.today
02 Dec 2017
Democrats took to the Senate floor and social media to mock what they said was a 479-page, amended version of the bill that included changes in barely legible handwriting. They also criticized Sen. Patrick Toomey, R-Pa., for a proposed amendment they said would give a tax break to only conservative Hillsdale College in Michigan. Toomey, one of the chamber's more ...

I'm a Depression historian the tax bill is straight

02 Dec 2017
- Repealing the estate tax, or, as Republicans have dubbed it, the "death tax". But the estate tax is not a tax on the dead; it is a tax on their heirs. Repeal would reverse an important aspect of the American Revolution and establish an American hereditary aristocracy. If your estate is not above $11 million, your benefits from this portion of the GOP's tax cut will be a ...
- theage.com.au

Senate Republicans approve plan to allow drilling in Arctic refuge with tax legislation

- washingtonexaminer.com
02 Dec 2017
The passage of the GOP tax reform bill marked a significant achievement for Sen. Lisa Murkowski, R-Alaska, who has introduced legislation to open a portion of an Alaskan refuge to drilling every term she has served in the chamber, only to be blocked by Democrats. (AP Photo/Jose Luis Magana)
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