Biggest Reform EVER passed thread

[dot com]

Jesus where are your bootstraps, South Carolina?

 

[marquee moon]

These tax cuts are not too bigly

https://www.google.com/amp/s/amp.cn...americans-taxes-senate-reform-bill/index.html

THANKS OBAMA

 

[PhDeac]

Rubio is a no on the tax bill unless it includes a larger expansion of a child tax credit.

YeahOK.gif

I'll believe it when I see it.

 

[avalon]

 

[tiltdeac]

LOL looks like they are going to end the personal income tax cuts a year earlier. It's like they are sitting around a room thinking "okay, we have a historically unpopular bill, how can we make this fucker worse."

 

[PhDeac]

LOL looks like they are going to end the personal income tax cuts a year earlier. It's like they are sitting around a room thinking "okay, we have a historically unpopular bill, how can we make this fucker worse."

Damn. palma's going to have to edit his posts.

 

[DistrictDeacon]

LOL looks like they are going to end the personal income tax cuts a year earlier. It's like they are sitting around a room thinking "okay, we have a historically unpopular bill, how can we make this fucker worse."

#plamawilldefend

 

[avalon]

Republicans Hunt for Ways to Pay for Tax Cuts

Still, the bill contains a host of tax changes that are expected to increase the cost of the bill that passed the Senate, such as repealing the corporate alternative minimum tax and increasing the income threshold at which the individual alternative minimum tax kicks in.

While the late changes to the tax bill were mean to alleviate concerns of skeptical Republicans, it was not clear how they would be paid for while still complying with the strict Senate budget rules that will allow the bill to pass without votes from any Democrats. Republicans can add no more than $1.5 trillion to the deficit if they are to pass the bill along party lines.

Vice President Mike Pence decided on Thursday to delay a trip to the Middle East trip that he was planning to take next week so that he can preside over the tax vote in the event he needs to break a tie between Republicans and Democrats in the Senate.

 

[WFFaithful]

Rubio is a no on the tax bill unless it includes a larger expansion of a child tax credit.

YeahOK.gif

I'll believe it when I see it.

Yeah. Willing to raise the corporate rate to pay for a top tax rate reduction but will do nothing helpful for poor kids

 

[dartsndeacs]

#plamawilldefend

Damn, I'm gonna be PISSED 8 years from now.

 

[ImTheCaptain]

Damn, I'm gonna be PISSED 8 years from now.

yeah, you'll be complaining democrats want to "raise your taxes" if this garbage bill is somehow still the law of the land and the cuts expire

 

[dartsndeacs]

yeah, you'll be complaining democrats want to "raise your taxes" if this garbage bill is somehow still the law of the land and the cuts expire

So what you're saying is there's a small chance they expire and I might be pissed 8 years from now so I should think saving money now is bad. Got it.

 

[Louis Gossett Jr]

It’s going to take a lot more to get Palma off his knees, he’s still getting crumbs just not as many.

 

[avalon]

Under current law, the $1,000 [child tax] credit is refundable, which means taxpayers get money back even if they don’t pay income taxes. But the current credit is limited for some very low-income families. The Senate plan would double the credit to $2,000 per child and make $1,100 of it refundable. Mr. Rubio wants to increase that $1,100 and change the income levels so more low-income families qualify for the whole credit.

“I think we’re making progress,” said Sen. Tim Scott (R., S.C.), a conference committee member who also supports a larger child credit. He added that having a larger amount refundable would be his definition of progress.

Mr. Scott didn’t say how lawmakers would offset any fiscal cost. One idea is to make the credit available to fewer people than planned.

The Senate bill sets the child tax credit to start expiring for households making $500,000; under current law, it begins phasing out at $75,000 for individuals and $110,000 for married couples. Making those thresholds closer to current law could pay for some of the change Mr. Rubio seeks.

Link

So instead of making more of the child credit refundable, which would help poor people, the Republicans want to make sure people that make up to $500,000 can use the credit.

 

[dartsndeacs]

Link

So instead of making more of the child credit refundable, which would help poor people, the Republicans want to make sure people that make up to $500,000 can use the credit.

I have a family member with 0 tax liability who currently nets $5,000 a year in refunds. I don't think we need to make that $8,000 a year because she decided to be a theatre major.

 

[dartsndeacs]

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

 

[WakeandBake]

I have a family member with 0 tax liability who currently nets $5,000 a year in refunds. I don't think we need to make that $8,000 a year because she decided to be a theatre major.

I think you are jealous her theater major has made her infinitely more interesting than you

 

[Coach O]

Remind me again why people respond to palma?

 

[ImTheCaptain]

I have a family member with 0 tax liability who currently nets $5,000 a year in refunds. I don't think we need to make that $8,000 a year because she decided to be a theatre major.

If it’s such a great life, why don’t you quit your job and do what she does?

 

[PhDeac]

He'd rather count how much other people's lives suck.