Republicans now want even more handouts from California to subsidize red states
- Thread starter exGOPer
- Start date
Secret GOP tax negotiations mark the start this year's Corporate Hunger Games, each special interest fighting for their own specific break. Can we offer up the Koch Brothers as tribute...
GOP tax reveal to set off 'corporate hunger games'
http://money.cnn.com/2017/10/29/investing/stocks-week-ahead-tax-bill-jobs-report/index.html
President Trump's push to overhaul the U.S. tax system is about to face its biggest test yet.
Up until this point, the GOP tax "plan" has been limited to a broad, mostly detail-free framework of ideas that many lawmakers and business groups could get behind. But come Wednesday, it will be all about the details when House Ways and Means Committee Chairman Kevin Brady promises to unveil his 1,000-page tax reform bill.
And it's those critical details in the bill that could make or break the legislation. At issue: How will Brady propose to pay for the big business tax cuts Republicans have promised? Lawmakers, businesses and lobbyists will fight tooth and nail to preserve tax breaks they covet.
"Expect them to push back as if this was a life-or-death struggle because for many, it is," Chris Krueger, managing director of the Cowen Washington Research Group, wrote in a recent report. "Welcome to the corporate hunger game."
The official path to modernize America's outdated tax system was created when the House narrowly (216-212) passed a budget this week that includes instructions to fast-track a tax reform bill that allows for $1.5 trillion worth of tax cuts over 10 years.
GOP tax reveal to set off 'corporate hunger games'
http://money.cnn.com/2017/10/29/investing/stocks-week-ahead-tax-bill-jobs-report/index.html
President Trump's push to overhaul the U.S. tax system is about to face its biggest test yet.
Up until this point, the GOP tax "plan" has been limited to a broad, mostly detail-free framework of ideas that many lawmakers and business groups could get behind. But come Wednesday, it will be all about the details when House Ways and Means Committee Chairman Kevin Brady promises to unveil his 1,000-page tax reform bill.
And it's those critical details in the bill that could make or break the legislation. At issue: How will Brady propose to pay for the big business tax cuts Republicans have promised? Lawmakers, businesses and lobbyists will fight tooth and nail to preserve tax breaks they covet.
"Expect them to push back as if this was a life-or-death struggle because for many, it is," Chris Krueger, managing director of the Cowen Washington Research Group, wrote in a recent report. "Welcome to the corporate hunger game."
The official path to modernize America's outdated tax system was created when the House narrowly (216-212) passed a budget this week that includes instructions to fast-track a tax reform bill that allows for $1.5 trillion worth of tax cuts over 10 years.
revenues went up dramatically after bush tax cuts.
the problem is spending.
I say cap the budget.
the problem is spending.
I say cap the budget.
Temporarily and not dramatically
Tax receipts from 1990 to 2000 (Under Clinton ) went up 10 years in a row and were double in 2000 than they were in 1990.
- FY 2000 - $2.03 trillion.
- FY 1999 - $1.82 trillion.
- FY 1998 - $1.72 trillion.
- FY 1997 - $1.58 trillion.
- FY 1996 - $1.45 trillion.
- FY 1995 - $1.35 trillion.
- FY 1994 - $1.26 trillion.
- FY 1993 - $1.15 trillion.
- FY 1992 - $1.09 trillion.
- FY 1991 - $1.05 trillion.
- FY 1990 - $1.03 trillion.
After the first bush tax cuts in 2001 tax receipts were lower than 2000 levels until 2005 then went up 3 years and then crashed back down to near 2000 levels in 2009 and 2010
- FY 2010 - $2.16 trillion.
- FY 2009- $2.1 trillion.
- FY 2008 - $2.52 trillion.
- FY 2007 - $2.57 trillion.
- FY 2006 - $2.4 trillion.
- FY 2005 - $2.15 trillion.
- FY 2004 - $1.88 trillion.
- FY 2003 - $1.72 trillion.
- FY 2002 - $1.85 trillion.
- FY 2001 - $1.99 trilion.
- FY 2000 - $2.03 trillion
Clinton
Tax revenue 1990 $1.03 trillion.
Tax revenue 2000 $2.03 trillion
Bush
Tax revenue 2000 - $2.03 trillion
Tax revenue 2010 - $2.16 trillion.
these idiot republicans are apparently seeking to get rid of the mortgage deduction.
That is one way to make sure Trump is not re elected.
I understand the theory and it would be good in the long run... but it should come with a 20 year warning before it phases it or it could cause the real estate market to collapse again.
If they do get rid of the mortgage tax deduction I will probably make a ton of money again so I am not just talking my book.
That is one way to make sure Trump is not re elected.
I understand the theory and it would be good in the long run... but it should come with a 20 year warning before it phases it or it could cause the real estate market to collapse again.
If they do get rid of the mortgage tax deduction I will probably make a ton of money again so I am not just talking my book.
Obamacare... keep your doctor...
Gruber...
see him tell you the stupidity of the democrat voter and the duplicity of democrats like Obama and Congresspeople was necessary to get Obamacare passed.
Gruber...
see him tell you the stupidity of the democrat voter and the duplicity of democrats like Obama and Congresspeople was necessary to get Obamacare passed.