"People will like it once they see the good it does" was the Dems argument about the ACA. Mitch McConnell knew that you can make any bill toxic if it is supported only by one party - people don't trust politicians (both sides), so they assume a bill with no bipartisan support is bad.
Most interesting article or opinion I've read taking down the tax reform. I don't know enough about the international portion of taxes to have any idea if its accurate or not.
http://www.cnn.com/2017/12/14/opini...l-small-business-zimmerman-opinion/index.html
She doesn't know what she is talking about. This will actually increase the international portion of taxes of companies that set up no tax intangible deferral schemes. And they were never repatriating that money anyway.
Question: did people like it once they saw it? Was it a lie then and now, or was it true then and could be true now?
Question: did people like it once they saw it? Was it a lie then and now, or was it true then and could be true now?
This episode represents a marked shift in how self-interest plays out in Washington, even compared with a few years ago. During the health care debate from 2009 to 2010, Senator Ben Nelson was savaged over the “Cornhusker kickback,” which would have subsidized Nebraska’s share of payments for expanding Medicaid; the provision was pulled from the final legislation. Similar deals increased Medicaid spending in Louisiana to win Senator Mary Landrieu’s vote and gave a $100 million grant for a public hospital in Connecticut to win Senator Chris Dodd’s. But at least those measures were intended to benefit residents of particular states—some of their poorest citizens, in fact. In the case of Corker, he gets the benefit personally.
"drain the swamp"
There is something interesting in these pass through rules in that the deduction is capped on W2 wages. So a very successful pass through may need to raise its wages in order to claim the deduction. Now an owner can simply raise their own wages via a year end bonus, but if they exempt owners and related parties from that calculation, which they might..... that could serve to actually push market wages higher.
I know that simplifying the tax code was not the only goal, but it did seem to be a primary marketed goal. This bill does not seem to accomplish that goal.....at all. It seems that they have actually added complexity as they have negotiated to obtain necessary votes.
Not to mention, this is just a bullshit bill. Where is Jimmie Kimmel when we need him to educate the masses and put pressure on our crooked politicians. They are trying to buy our support of the bill with tax cuts while they enrich themselves and their primary donors?