Senate to delay corporate tax cut, breaking with Trump and House

[Yo_Mama_Been_Loggin]

Senate Republicans plan to propose delaying a cut in the corporate tax rate until 2019, according to a GOP senator.

Sen. Bill Cassidy (R-La.) also said the individual mandate will not be repealed as part of the Senate tax overhaul proposal expected to be released Thursday. 

The proposal breaks with President Trump’s preference that a corporate tax cut be put in place immediately. The House's tax-reform legislation proposes lowering the corporate tax rate from 35 percent to 20 percent in 2018.

Other big changes from the House version include adding back in a deduction for medical expenses and a full repeal of state and local tax deductions.

http://thehill.com/homenews/359611-senate-to-delay-corporate-tax-cut-breaking-with-trump-and-house-report

The Senate bill is still a piece of shit.

[BainsBane]

1. Until 2019?

GOP donors will not be happy.

[Ilsa]

2. Goddess I hope 'tis true.

House committee has approved their stinking version.

[BainsBane]

3. The Dow Jones is down 100 points

I knew this would happen. The markets were up because they thought Trump would give them tax cuts. Even very recently they thought that, which required ignoring the complete dysfunction in the GOP. The traders aren't the sharpest knives in the drawer.