Do you think Trump's tax proposal will pass?

[Anonymous]

It will pass 51-49. Vote will be tonight.

[Anonymous]

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

[Anonymous]

One day, Republicans will be held accountable for pushing such crappy policies. I hope that day comes in November 2018.

Last month, Trump’s chief economic aide, Gary Cohn, was in the room when a group of chief executives were asked if they planned to reinvest in their businesses after the tax cut. Only a smattering of people said they were.

“Why aren’t the other hands up?” Cohn asked, apparently half-joking and half-befuddled.

The reason not many hands went up is that not many businesses plan to do the sort of investment the White House promised. Instead, they plan to buy back stock from shareholders, meaning a boon for those who own that stock — which those people seem to know, given the recent spike in stock indexes.

How do we know that? The informal poll in front of Cohn was one thing. But as Bloomberg News reported this week, conversations with other business leaders and research by Merrill Lynch makes it clear. The financial firm surveyed 300 companies about what they planned to do with the influx of cash after the tax cut: Only 35 percent said they planned to use it to expand their businesses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

From the article you included in the link above, that's just gross that the only way we are being informed about how this tax plan occurs is from a list provided by Republicans to lobbyists. The list she circulates shows that religious school instruction deduction is being added back in. I assume secular private school deductions are not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

There are no positives to this bill. So what we've gone from cold crap to hot crap. It's still crap. You might be a slavering ninny who thinks hot crap is a good deal, but you can eat it all. America doesn't want any.

As I said, liberals will be negative no matter what, but this does add back in some of the objections. (I forgot to add in that liberals will personally insult me, but a slavering ninny who can eat crap is an original insult.)

This thing will pass. Eat it yourself!

I take comforting in knowing you and your ilk will rot in h--l. God doesn't like ugly!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

From the article you included in the link above, that's just gross that the only way we are being informed about how this tax plan occurs is from a list provided by Republicans to lobbyists. The list she circulates shows that religious school instruction deduction is being added back in. I assume secular private school deductions are not?

So does that mean deductions for parents of students at St Albans and Sidwell?

[Anonymous]

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

PP here. Thanks for responding nicely. It is so refreshing when I come across a liberal who doesn't demean me personally.

As to your questions, there was nothing about the education deductions nor the estate tax. But getting the AMT back in is a big plus. Another BIG plus was the property tax back in, capped at $10k. That means the minority of middle class people who itemize (under $200k) will now, for the most part, get a cut.

As for the medical deduction, I understood Collins (I think it was her....hard to remember who said what) to mean that there would be 7.5% for two years! and then back up to the current 10%. But perhaps I misunderstood and it's disappearing after two years entirely.

Flake is a go. Corker is a no. But they know they have the votes, at 51. So it's good we don't need a tie-breaker.

This is much better. Not perfect, but much less objectionable. IMO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

From the article you included in the link above, that's just gross that the only way we are being informed about how this tax plan occurs is from a list provided by Republicans to lobbyists. The list she circulates shows that religious school instruction deduction is being added back in. I assume secular private school deductions are not?

So does that mean deductions for parents of students at St Albans and Sidwell?

How can they justify singling parochial schools out for preferential treatment?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

PP here. Thanks for responding nicely. It is so refreshing when I come across a liberal who doesn't demean me personally.

As to your questions, there was nothing about the education deductions nor the estate tax. But getting the AMT back in is a big plus. Another BIG plus was the property tax back in, capped at $10k. That means the minority of middle class people who itemize (under $200k) will now, for the most part, get a cut.

As for the medical deduction, I understood Collins (I think it was her....hard to remember who said what) to mean that there would be 7.5% for two years! and then back up to the current 10%. But perhaps I misunderstood and it's disappearing after two years entirely.

Flake is a go. Corker is a no. But they know they have the votes, at 51. So it's good we don't need a tie-breaker.

This is much better. Not perfect, but much less objectionable. IMO.

It's only less objectionable if it doesn't add a TRILLION dollars to the debt and doesn't let money go from one generation to the net wither without an estate tax or payment on basis of investments. Why should anyone be subsidizing the Trumps and Mercers?

[Anonymous]

They are literally handing out drafts of the tax bill that have hand written, unreadable notes in the margins.

WTF

[Anonymous]

Anonymous wrote:They are literally handing out drafts of the tax bill that have hand written, unreadable notes in the margins.

WTF

Who is?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly. Also do the tax credits for families still sunset?
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession. I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession. This is basically a recipe for making a recession worse. It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).

PP here. Thanks for responding nicely. It is so refreshing when I come across a liberal who doesn't demean me personally.

As to your questions, there was nothing about the education deductions nor the estate tax. But getting the AMT back in is a big plus. Another BIG plus was the property tax back in, capped at $10k. That means the minority of middle class people who itemize (under $200k) will now, for the most part, get a cut.

As for the medical deduction, I understood Collins (I think it was her....hard to remember who said what) to mean that there would be 7.5% for two years! and then back up to the current 10%. But perhaps I misunderstood and it's disappearing after two years entirely.

Flake is a go. Corker is a no. But they know they have the votes, at 51. So it's good we don't need a tie-breaker.

This is much better. Not perfect, but much less objectionable. IMO.

I am the Democratic person you are responding to and I don’t think I am alone in wanting tax reform especially corporate tax reform. I have just been shocked by how donor driven this has been upto and including today’s giveaways I agree with you that the senate version is better than the house version especially now that they have added the $10000 property tax deduction. I don’t support the bill because I think it will hurt a lot of people especially middle and upper middle class families in blue states by 2027.

By then the national debt will have grown considerably in large part because of this tax cut. Democrats will then be asked to vote to cut social security and Medicare benefits for middle class and upper middle class families or allow the middle class tax cuts to sunset permanently
Be asked to choose between cutting social security benefits

[Anonymous]

Remember when Republicans used to chant the Mantra “read the bill?” Ya, me neither.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

There are no positives to this bill. So what we've gone from cold crap to hot crap. It's still crap. You might be a slavering ninny who thinks hot crap is a good deal, but you can eat it all. America doesn't want any.

As I said, liberals will be negative no matter what, but this does add back in some of the objections. (I forgot to add in that liberals will personally insult me, but a slavering ninny who can eat crap is an original insult.)

This thing will pass. Eat it yourself!

Tell me what about this moronic theft from Americans isn't hot crap. https://mobile.twitter.com/clairecmc/status/936678750577623041

I may have to live with the consequences of soulless people like you voting for a crime syndicate, but you like this bill so much, you enjoy your hot crap.

[Anonymous]

Adding this, here's a link to a tweet that shows the handwritten notes. https://mobile.twitter.com/SenatorDurbin/status/936738041087037440