$1.5 Trillion GOP Tax Cut Thread

[junior chįmp]

1 min each debate begins on Rubio-Lee.

Rubio already roasting the no votes for picking corporations over kids.

Whenever Rubio speaks....everyone looks around to see where that noise is coming from. That little manlet

[Sestak]

Ugh. I was hoping Democrats wouldn't do this, that they would treat any positive change as a good thing.

No, but instead, they all vote against, rather than passing it and putting pressure on McConnell.

I mean, in doing this, they are effectively helping lower taxes for corporations by 1% and refusing to increase the child tax credit.

[100% pro-life no matter what]

Rubio-Lee is getting killed

[jaichind]

After the Senate bill passes what the Senate and House has to work out in reconciliation , for personal income tax are

1) Mortgage deduction cap of $1m (Senate) vs 500K (House) - I am backing the House on this one
2) Different rates and threshold - I am backing the Senate on this one mostly because the Senate rates and threshold closes the marriage penalty more aggressively
3) Medical deduction which is gone in the House but not Senate - I am backing the House  on this one
4) AMT which is gone under the House version and stays in the Senate version with higher thresholds - I am backing Senate on this one - AMT acts more like a flat tax which I support
5) House Family flexibility Credit which does not exist in the Senate version - Mostly base the Senate.  Do not see the reason for this
6) Standard deductions slightly higher in the House version - I am mostly neutral
7) House Bubble tax for taxable income above $1 million/$1.2 million - I am for the Senate not just because I am affected but that this is a con job by the House.  If they want to take higher incomes more just increase the top marginal rate.  This is a attempt to get more revenue without telling it like it is.

[100% pro-life no matter what]

The breakdown of Republicans voting for this doesn't seem to be on ideological lines at all

[Attorney General & PPT Dwarven Dragon]

Brown 1854: (60 to pass)

46 - 49

Party lines.

Final margin: 48-52

[Sestak]

What is Blunt doing voting for this thing? This is a complete virtue-signal.


If Democrats had voted for it, they wouldn't have been able to do this.

And Cotton too...

[Attorney General & PPT Dwarven Dragon]

28-72 for Rubio. Ouch.

[Sestak]

Amendment fails 28-72 with centrist Democrats and a random sprinkling of Republicans (from moderates to Cruz) voting for it.

[💥💥 brandon bro (he/him/his)]

What is Blunt doing voting for this thing? This is a complete virtue-signal.


If Democrats had voted for it, they wouldn't have been able to do this.

And Cotton too...

Is the reason Dems are voting against this that they don't want to vote yea on anything that will likely be on the final bill that gets passed? Or are they trying to deny Rubio any positive accomplishments before he makes an inevitable Presidential run in, like, 12 years?

[Sestak]

Wait, are people voting again?? I thought we were at 100?

[Sestak]

What is Blunt doing voting for this thing? This is a complete virtue-signal.


If Democrats had voted for it, they wouldn't have been able to do this.

And Cotton too...

Is the reason Dems are voting against this that they don't want to vote yea on anything that will likely be on the final bill that gets passed? Or are they trying to deny Rubio any positive accomplishments before he makes an inevitable Presidential run in, like, 12 years?

I'm guessing the first.

[Sestak]

Final vote 29-71 on Rubio-Lee

Now commencing 1 minute each debate on Menendez motion to commit.

[Attorney General & PPT Dwarven Dragon]

Rubio is 29-71. It appears C-SPAN was miscounting. Next up is Menendez motion to send bill back to committee.

[Matty]

CBO finding: Tax bill makes tax code more progressive.

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[Rookie Yinzer]

Final vote 29-71 on Rubio-Lee

Lmao.

[Sestak]

Final vote 29-71 on Rubio-Lee

Now commencing 1 minute each debate on Menendez motion to commit.

Menendez is arguing for restoration of SALT deduction.

[Sestak]

Final vote 29-71 on Rubio-Lee

Now commencing 1 minute each debate on Menendez motion to commit.

Menendez is arguing for restoration of SALT deduction.

Wait, the NJ Chamber of Commerce opposed this bill? Is that true?

[100% pro-life no matter what]

Final vote 29-71 on Rubio-Lee

Now commencing 1 minute each debate on Menendez motion to commit.

Menendez is arguing for restoration of SALT deduction.

Wait, the NJ Chamber of Commerce opposed this bill? Is that true?

Just the SALT provision, I would guess

[junior chįmp]

Rubio is 29-71. It appears C-SPAN was miscounting. Next up is Menendez motion to send bill back to committee.

Went over like little Marcos primary performance

[Antonio the Sixth]

Why the f**k didn't Democrats vote for this? It's not like the bill won't still pass anyway.

[Sestak]

Fun Side Effect of Rubio-Lee not being supported by Democrats: Heller flipped to yes at the end of the vote. Gets perhaps some slight ammo for reelection.

If Democrats had supported, he may not have been able to do that.

[Sestak]

Why the f**k didn't Democrats vote for this? It's not like the bill won't still pass anyway.

EXACTLY!

[Matty]

Mike Pence on way to Chamber.

[Sestak]

46-50 on commitment. Party lines.