$1.5 Trillion GOP Tax Cut Thread

[Beet]

More bad news for affordable housing in, plan

[Beet]

Something to watch that hasn't gotten much play: a proposed excise tax of 20% on gross payments from a US multinational to a wholly owned foreign subsidiary (https://www.politico.com/story/2017/11/06/house-gop-reform-corporate-tax-avoidance-244591).

It's a revenue raiser of $155Bn over 10 years, but is being fought by, among others, Koch-backed AFP. If it's successfully killed, the bill loses the ability to pass through reconciliation, assuming there aren't any other revenue raisers added to make up for the lost revenue.

Ironically, this was one of Hillary Clinton's biggest pet causes.

[Beet]

If a tax cut plan does pass, I'd rather it be this one:

Middle class biggest winners in Senate tax plan, study says

You must be logged in to read this quote.

https://www.politico.com/story/2017/11/12/tax-middle-class-republicans-244815

Same here. There may still be something they are leaving out, but it looks okay so far.

[Beet]

The educated Republicans are educated enough to know what answer a Republican is supposed to give.

[Beet]

Class does not come down to any one property. Income, net worth, career prospects, age, health, who you know, it all factors in. The Clinton's net worth was "dead broke" in 2001 yet they were never below upper class.