$1.5 Trillion GOP Tax Cut Thread

[GlobeSoc]

They should start all introducing motions to adjourn.

[Sestak]

I can't tell, who's presiding?

[BudgieForce]

I can't tell, who's presiding?

I think Cruz but dont quote me.

[Blue3]

The next step of the GOP's devolution... presenting the final bill signed into law:
 

[Sestak]

What is it, 37-34 right now?

[Sestak]

What is it, 37-34 right now?

Yes, 37-34 in favor of adjournment, party lines so far.

[BoAtlantis]

Too lazy to read every page but anyone have a prediction on whether this will help or hurt Democrats in 2018? This may not affect or somewhat hurt the poor and college students, a democratic bloc but they don't vote much anyway.

If blue wave were to happen, it would be due to Obamacare supporters that usually don't vote and people who are turned off by Trump's behavior.

[Sestak]

Corker is a no on adjournment.

[pbrower2a]

Biggest. Heist. Ever.

[BudgieForce]

Corker is a no on adjournment.

To be honest, I'm pretty sure Corker got the go ahead from McConnell to vote against the bill. If they need a yes vote from him, he would vote yes.

[America Needs a 13-6 Progressive SCOTUS]

This will create a downballot disaster for Republicans in 2018, if it passes.

[Antonio the Sixth]

This will create a downballot disaster for Republicans in 2018, if it passes.

It should. But I don't know if it will.

For one thing, Democratic candidates need to run ads about it.

[Sestak]

All 48 Dems have voted no. Sherrod Brown was last. Currently 48-49 against adjournment. Anyone know which three have yet to vote?

[Sestak]

Cochran brings it to 50. No adjournment.

[Classic Conservative]

So Toomey just put in an exemption that cuts taxes for university.

Not universities. University.

In particular, Hillsdale College in Michigan, which has strong ties to the DeVoses (Erik Prince went there...)

It's actually six universities that do not receive federal funds: Hillsdale, Pensacola Christian, Grove City, Benedictine, Wyoming Catholic, and a small one in Oregon.

[Sestak]

And Lee and Rubio are the last to vote. Motion fails 48-52, party lines.

[Pyro]

Motion fails! No sleep for the crooks!

[Attorney General & PPT Dwarven Dragon]

Motion to Adjourn fails 48-52

[Sestak]

So Toomey just put in an exemption that cuts taxes for university.

Not universities. University.

In particular, Hillsdale College in Michigan, which has strong ties to the DeVoses (Erik Prince went there...)

It's actually six universities that do not receive federal funds: Hillsdale, Pensacola Christian, Grove City, Benedictine, Wyoming Catholic, and a small one in Oregon.

I think only Hillsdale has a large enough endownment to qualify.

[Attorney General & PPT Dwarven Dragon]

Vote-o-rama time! First up, Sanders amendment 1720. (Amendments list was posted upthread)

[Sestak]

To be voted on:

Sanders 1720 on forcing 2/3 for cuts to Medicaid and Medicare

Brown 1854 on child tax credit

Rubio 1850 on child tax credit, this is Rubio-Lee

[Sestak]

Roll begins on Sanders 1720

[Pyro]

Vote-o-rama time! First up, Sanders amendment 1720. (Amendments list was posted upthread)

GOP Senators who vote down this measure could be explicitly framed with the intent for program cuts.

[Obama-Biden Democrat]

Isn't it getting passed McCain's and the Turtle's bedtime?

[jaichind]

Now the Senate bill has the AMT coming back.  But raises the AMT exemption from married/singled $86,200/$55,400 to  $109,400/$70,600.  This pretty much moves the threshold for AMT hitting from AGI of around $180K to around $300K.  The medical deduction threshold made 7.5% as opposed to 10% of AGI for 2 years.  This threshold was a lot lower but was made 10% under the Obamacare law.