House Republicans release new tax plan

  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