So the GOP is running into the same balloon that has plagued the discussion for months.
It is crunch time and the dynamic scoring has left Flake, Corker and Johnson in the wavering category because of the debt increases. So there is discussion to raise taxes somewhere, like restoring the AMT or restoring estate taxes etc. But that draws the ire of the Rubio's of the caucus. Meanwhile, Collins wants more social safety nets in place, so she is yes but wavering. It will be interesting how/if they thread the needle. |
Many of the details of the tax plan are yet to be released and already it's extremely unpopular. 538.com had an analysis that this plan to lower taxes is polling as less popular than plans to RAISE taxes in the past two decades. I'm hopeful this whole tax plan gets voted down. |
Regardless McCain has tarnished his legacy now that other Senators have come out with stronger positions than him. |
McCain was probably looking out for his kids' inheritance. |
probably? lol. 100% that's all he cares about. |
While admittedly I haven’t checked I assume his kids go from having a ton of money to a shit ton of money. Fuck you McCain |
I don't see this thing passing. The votes were lined up based on a "trigger", where if deficits went up extra taxes would kick in.
The Joint Committee on Taxation just released its numbers, and it says the tax plan will increase 1 trillion to the deficit, including the benefits of growth. I don't see how these wavering senators can all get behind this plan. It's the same BS they tried to do when repealing Obamacare. |
At this point, we are beholding to Johnson, Corker and Flake, with outside promise to Collins and McCain.
The latter gave their blessing before the JCT report, so they would have cover to recant. |
Really? One statement of a vote, which hasn't happened yet, tarnishes his legacy? I beg to differ. Sarah Palin tarnished his legacy. |
If you look at how the estate tax is currently implemented, the dichotomy is between having a shit ton of money but having to pay fancy lawyers and jump through hoops to keep it, or just having a shit ton of money and skipping all that. Was it Kohn who said the other day that only morons pay estate tax? Which is why it's so important to trump. |
It was Gary Cohn. |
All the tax-dodged trillions coming in from overseas goes DIRECTLY into Wall Street's pockets. Just like in 2003, this is a f*cking scam. |
Bullsh*t. If nobody pays the estate (read: dynasty) tax, why is it in there? Why has Trump been OBSESSED with the estate tax for years? This has a massive amount of lobbying juice behind it because it effectively solidifies an aristocrat class in the United States. These billionaire DYNASTIES will have all the money for perpetuity. |
Fair point. I just meant he was all “I’m not voting for healthcare repeal bc there was no process” but now he’s all “eh this is enough process” without any of the most basic steps (scoring). Go home McCain. |
The greed is appalling. How much money can these people probably need? Their grandchildren's great-grandchildren are already set for life. |