http://archive.is/ie1Eq
>The House on Tuesday approved a massive tax overhaul that would usher in steep rate cuts for American companies, double the deduction millions of families claim on their annual returns and make a host of other changes as part of the biggest rewrite of the tax code since the Reagan administration.
>The bill passed on a 227-203 vote, with 12 Republicans defecting to join Democrats in opposition. The Senate started debate shortly afterward, with a vote expected overnight.
>The $1.5 trillion package, presuming it clears the Senate, would hand President Trump his first major legislative victory just days before year’s end and the congressional recess.
>“Today, we are giving the people of this country their money back,” House Speaker Paul Ryan, R-Wis., declared Tuesday on the House floor.
>“This is real relief, and people are going to see this in their paychecks before too long,” Ryan said. He added that "this is the greatest example of a promise being made and a promise being kept.”
>Barring any unexpected reversals, the bill is expected to narrowly pass the Senate in a matter of hours.
We're almost there, let's all cross our fingers and lend them our meme energy.
/mlpol/ - My Little Politics
Archived thread
>>96832
>The tax bill does include one major rollback of the Affordable Care Act, repealing the individual mandate requiring Americans to buy health insurance.
Yes, looks like that is still in there, thank God.
>The tax bill does include one major rollback of the Affordable Care Act, repealing the individual mandate requiring Americans to buy health insurance.
Yes, looks like that is still in there, thank God.
>>96833
good, as long as it has this and it cuts taxes (no I don't care if it's the rich's taxes, they still have to cut spending) then I'm quite content.
good, as long as it has this and it cuts taxes (no I don't care if it's the rich's taxes, they still have to cut spending) then I'm quite content.
>>96835
From what I've heard, the people who don't observe a decrease in their taxes are predominantly wealthy people in blue states. They're salty about SALT getting axed.
From what I've heard, the people who don't observe a decrease in their taxes are predominantly wealthy people in blue states. They're salty about SALT getting axed.
>>96836
yeah, all those "poor middle class" people that were taking 6 figure deductions on their taxes can kill themselves. The only real problem there is they'll move out of their horrible cities now and ruin other areas by moving into them, i.e. virginia
yeah, all those "poor middle class" people that were taking 6 figure deductions on their taxes can kill themselves. The only real problem there is they'll move out of their horrible cities now and ruin other areas by moving into them, i.e. virginia
>>96831
Sorry if I should already know this, but does this bill reduce or eliminate the state tax deduction? Other replies imply it, but I want a clear answer
Sorry if I should already know this, but does this bill reduce or eliminate the state tax deduction? Other replies imply it, but I want a clear answer
>>96854
https://www.youtube.com/watch?v=6Dso8BQkBLo
Livestream of voting
Hasn't started yet as of this post
Time to get comfy
https://www.youtube.com/watch?v=6Dso8BQkBLo
Livestream of voting
Hasn't started yet as of this post
Time to get comfy
>>96856
My hatred of Chuck Schumer burns with the passion of a thousand suns. All of a sudden he gives a shit about the deficit now?
My hatred of Chuck Schumer burns with the passion of a thousand suns. All of a sudden he gives a shit about the deficit now?
>>96914
I'm looking forward to see what the Trump Curse does to him. He'll probably die of Ebola or something.
I'm looking forward to see what the Trump Curse does to him. He'll probably die of Ebola or something.
>>96914
even if they weren't full of shit they're being retarded, the numbers that show that assume the economy won't grow, that we won't cut spending, and besides which it's 1.4 trillion over like a decade or some nonsense when it jumped 10 trillion under obama
even if they weren't full of shit they're being retarded, the numbers that show that assume the economy won't grow, that we won't cut spending, and besides which it's 1.4 trillion over like a decade or some nonsense when it jumped 10 trillion under obama
lol the hippies are protesting now.
Kill Bill was a pretty good movie.
We did it! 51/48!
Officially passed Senate 51 to 48.
File (): D2B4925FBBEAA6FD9769570E6AA74D70-957232.png (934.8 KB, 1280x720, Pinkie_Pie_throwing_balloo….png)
51-48
IT PASSED
LET THE SALT MINING COMMENCE
IT PASSED
LET THE SALT MINING COMMENCE
Wait a minute… they are claiming a glitch now and need to revote? Is this right?
>>96925
I don't entirely understand it, but I guess there was some kind of procedural issue, the house has to revote or something. They said something about having to strike "certain provisions" because they violate some kind of budget rule, they haven't elaborated on it more than that. I'll expect we can read about the details in the morning. However it sounds like the overall effect of the bill won't be affected and it is basically passed.
I don't entirely understand it, but I guess there was some kind of procedural issue, the house has to revote or something. They said something about having to strike "certain provisions" because they violate some kind of budget rule, they haven't elaborated on it more than that. I'll expect we can read about the details in the morning. However it sounds like the overall effect of the bill won't be affected and it is basically passed.
Life is cool sometimes
MAGA
MAGA
>>96925
>>96926
I looked into it, I guess the issue is with two provisions in the House version of the bill, one of them having to do with using 529 savings accounts for home schooling expenses, and the other was something to do with determining whether endowments for universities were subject to one of the new taxes. Not a huge deal.
I guess these two provisions violated the Senate budget reconciliation rules because they pertain to policy rather than budget, so they had to be stricken from the bill, otherwise they wouldn't have been able to pass it through reconciliation and they would need 60 votes to pass instead of a bare majority. There was an earlier vote on whether to override the rules and include those two provisions anyway but they needed 60 for that one and it failed, so those two provisions are out. Since the House added them they now have to send it back to the House minus those two provisions and they will vote on it tomorrow morning. After that it goes to the President's desk to sign.
>>96926
I looked into it, I guess the issue is with two provisions in the House version of the bill, one of them having to do with using 529 savings accounts for home schooling expenses, and the other was something to do with determining whether endowments for universities were subject to one of the new taxes. Not a huge deal.
I guess these two provisions violated the Senate budget reconciliation rules because they pertain to policy rather than budget, so they had to be stricken from the bill, otherwise they wouldn't have been able to pass it through reconciliation and they would need 60 votes to pass instead of a bare majority. There was an earlier vote on whether to override the rules and include those two provisions anyway but they needed 60 for that one and it failed, so those two provisions are out. Since the House added them they now have to send it back to the House minus those two provisions and they will vote on it tomorrow morning. After that it goes to the President's desk to sign.
25 replies | 2 files | 1 UUIDs | Archived