House Republicans unveil giant tax package

[brooklynite]

Source: Politico

House Republicans on Monday evening unexpectedly released a 297-page tax bill they hope to move during the lame-duck session of Congress.

The legislation would revive a number of expired tax provisions known as “extenders,” address glitches in the Tax Cuts and Jobs Act and make a range of changes to savings- and retirement-related tax provisions.

Other parts of the bill would revamp the IRS, provide new tax breaks for start-up businesses and offer assistance to disaster victims.

The measure amounts to House Republicans’ opening bid in negotiations with the Senate. They’ll need Democratic support there to move any changes, and it’s unclear lawmakers will agree to any of the provisions before adjourning for the year.

Read more: https://www.politico.com/story/2018/11/26/house-republicans-tax-package-1017368

[wcmagumba]

1. Do they still need 60 votes in the Senate? nt

[watoos]

5. When they blow up the deficit, I think they do.

What's this disaster relief clause? Whose pocket does that come out of?

[Wellstone ruled]

2. Hang on folks,it is only the start

of the crap that is to come. Going to get real Ugly.

[BootinUp]

3. Shove it up their @ss. Nt

[turbinetree]

4. So the "Real Estate Investment Trust dividends" is in this piece of legislation.............

so the asshole running around on a big government paid jet screaming like a traitor gets a tax break from his holdings, along with other assholes getting this tax break ...........................fuck this shit....................shut the government down........................


January 4, 2019 cannot get here fast enough..........................

[genxlib]

6. Called it

I predicted exactly this a few months ago when Trump was making up shit about a tax cut coming

https://upload.democraticunderground.com/100211309799

[Me.]

7. What's Done Can Be Undone

and before I get the nay, nay, I say watch the WH Comrade's number start to plummet in '19. It will scare the hell out of the Cons.

[JohnnyRingo]

8. GM just shut down four plants.

Including one in my hometown.

I think they can stop selling these gift wrapped bonuses to the rich as job creation plans. Now.

[safeinOhio]

9. Does it assume that

Mexico is going to write one large check or make payments for the wall?

[cstanleytech]

10. I do not see how they can ultimately get it passed at this date after all it has to go from

the House to the Senate and then any differences have to be agreed on and I doubt the Repugnants will be the majority by the time it gets back to the House.

[paleotn]

11. DOA in the Senate. Nothing more.

[Mr. Sparkle]

12. Its sounds like its their retirement plan.

[beachbum bob]

13. it will be dead in the senate, every one knows that

another last second ploy for PR