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Thread: Senate Republicans add back AMT to generate revenue for priorities

  1. #11
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Just a Right Wing Canadian trying to show his neo-con chops here in the states...he gets lonely up there being a member of a minuscule tiny fringe in Canada...
    Or Moscow.

  2. #12
    Moderator HayJenn's Avatar
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    Just found this

    Nope not lobbyist's as I first thought

    A major gaffe by the GOP for rushing the bill through so fast

    Appears corporate AMT provision probably raises >$300B, not $40B JCT estimated under duress Fri night. This means Rs have to take Senate bill to conference and canít just have House pass it, unless they want to *really* piss off bus community. 1/5

    Fact that Rs have to go to conference constrains their options, especially if Collins, Flake or others have second thoughts after seeing more evidence that commitments they received (e.g., Alexander-Murray, DACA) are not going to be honored. 5/5

    https://twitter.com/lilybatch/status/938251082194669569

    And this is why you don't pass a major tax bill that will effect every person and industry in under 2 hours.

    smh...

  3. #13
    Veteran Member Chief's Avatar
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    https://www.msn.com/en-us/news/polit...cid=spartanntp

    The House and Senate passed separate tax cut packages in recent weeks, and both bills would lower the corporate tax rate from 35 percent to 20 percent. But GOP negotiators are now openly discussing the possibility of moving that rate up to 22 percent in order to free up more revenue, people familiar with the discussions said. One of those people said the 22 percent rate is "seriously under discussion."
    So the Republicans need to increase the tax, because it resulted in too much of a revenue shortfall... When are they going to admit that cutting taxes is not a magic trick that actually makes more money?
    Thanks from HayJenn and jacobfitcher

  4. #14
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by HayJenn View Post
    Just found this

    Nope not lobbyist's as I first thought

    A major gaffe by the GOP for rushing the bill through so fast

    Appears corporate AMT provision probably raises >$300B, not $40B JCT estimated under duress Fri night. This means Rs have to take Senate bill to conference and canít just have House pass it, unless they want to *really* piss off bus community. 1/5

    Fact that Rs have to go to conference constrains their options, especially if Collins, Flake or others have second thoughts after seeing more evidence that commitments they received (e.g., Alexander-Murray, DACA) are not going to be honored. 5/5

    https://twitter.com/lilybatch/status/938251082194669569

    And this is why you don't pass a major tax bill that will effect every person and industry in under 2 hours.

    smh...
    Especially when you have a large portion of them WANTING the economy to fall apart and praising everything that causes the markets to drop.

  5. #15
    Moderator HayJenn's Avatar
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    Quote Originally Posted by bmanmcfly View Post
    Especially when you have a large portion of them WANTING the economy to fall apart and praising everything that causes the markets to drop.
    The GOP want's the economy to drop??

  6. #16
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by HayJenn View Post
    The GOP want's the economy to drop??
    The anti-trump segment, probably... But no, think of the people who want to spend everybody else's money and lack the foresight to recognize the implications of what happens when that pool dries up.

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