Issues That Could Sink the Tax Plan

[struggle4progress]

by ALEX SEITZ-WALD

... The budget allows Republicans to spend as much as $1.5 trillion, but experts ... estimate the proposed tax cuts would cost $2.4 trillion ...

Most of the 20 House Republicans who voted against their party's budget on Thursday are from high-tax states like New York and New Jersey. They strongly oppose the planned scrapping of the State and Local Tax (SALT) deduction, since it would hit their constituents especially hard ...

... a number of provisions, such as eliminating the estate tax, would disproportionately benefit the wealthy. While that may be fine with conservatives ideologically, it could be politically poisonous, especially for moderates ...

https://www.nbcnews.com/politics/congress/five-issues-could-sink-trump-gop-tax-plan-n815126

[Wwcd]

1. indictments?

What if the billionares tax deal is in jeopardy now?

[BigmanPigman]

2. Velshi and Ruhle know their stuff.

I was watching him today and he makes it almost understandable to someone as dense as me. They both should be on "prime time".

[customerserviceguy]

3. I wouldn't worry a lot about it

Once the details come out, the lobbyists for threatened breaks will come swarming down on Congress. They won't be able to agree on anything.

The last time serious tax reform was done was about 35 years ago. Back then, you had people for whom compromise was not a dirty word. You just don't have that today.

[Tobin S.]

4. I was thinking that there was enough

Resistence to it in the Senate to shoot it down, but from what it appears that they are saying here it might not make it out of the House.