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House Republicans release new tax plan

November 27, 2018

  During the campaign leading up to the mid-term elections Donald Trump stated that he and Republicans were working on a middle-class tax cut plan (which the right does not want to admit, but this was an admission that the middle-class got squat in Donald Trump’s lone legislative accomplishment) but this seemed to take the Republicans by surprise.

  Now we are learning that the House Republicans have released a new tax bill which will fix some “glitches” in the previous tax cut bill, maybe this is what Donald Trump was talking about:

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.

  Details are few and far between at this point but this certainly does not look like the aforementioned middle-class tax cut the President was speaking about during the mid-term campaign.

  Republicans are claiming this has bipartisan support:

In a statement, Brady said, “This broad, bipartisan package builds on the economic successes we continue to see throughout our country.”

“The policy proposals in this package have the support of Republicans and Democrats in both chambers,” he said.

  But I find this hard to believe: Why would the Democrats, who are thisclose to taking over control of the House after running on opposing everything the President wants to do, and after running on repealing the tax cuts, suddenly agree to fix whatever is wrong with the tax bill they oppose?

  The Republicans have had two years with a majority in the House and Senate and they have been a disappointment, I would not expect it to end any other way.

malo periculosam libertatem quam quietum servitium

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6 Comments leave one →
  1. Fergus permalink
    November 27, 2018 8:38 pm

    The more complex the tax code is the greater the corruption. Prior to passing this as a law each lawmaker should have to prepare his own tax return and get it right. Failure to do so would remove him from office. If this sounds harsh remember what the government will do to you if you make an error.

    Liked by 1 person

    • November 28, 2018 6:12 am

      They will not let up until they get all their money if it is you or I, I say let them know what it feels like as well.

      Like

  2. Charles Dennis permalink
    November 27, 2018 10:43 pm

    Hang in there Steve You are up the right tree

    On Tue, Nov 27, 2018 at 6:00 PM America’s Watchtower wrote:

    > Steve Dennis posted: ” During the campaign leading up to the mid-term > elections Donald Trump stated that he and Republicans were working on a > middle-class tax cut plan (which the right does not want to admit, but this > was an admission that the middle-class got squat in Donald” >

    Liked by 1 person

    • November 28, 2018 6:13 am

      Thanks for the words of encouragement, I am hanging in there but it is getting very frustrating.

      Like

  3. November 28, 2018 8:45 am

    Burn out is getting to me….. Paul Ryan was/is behind most of this fiasco. Did nothing about Obamacare. Thats what has gone wrong,

    Liked by 1 person

    • November 28, 2018 8:13 pm

      Ryan talked a good game at times but that is about it, I am not going to be sad seeing him go.

      Like

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