As we all know what comes next in the saga of giving Billions to Billionaires is to have conference committee that combines the House and the Senate bills, and then both houses have to pass that.
Now, consider this: amply be-chinned Mitch McConnell (R-KY) made desperate promises to get the votes he needed, including doing something about DACA and stabilizing Obamacare, which has about as much chance of happening as monkeys flying outta my pretty pink ass.
So if any of the Senators who gave McConnell a hamburger today for repayment on Tuesday realize that they have been grifted, they might not vote for this
stitched-together Frankenstein tax bill. And please recall that Sen. Corker is already a lost vote. So if any two Senators feel that they got screwed, the bill is dead an buried. Looking at you, Jeff Flake and Susan Collins: you got played, suckas.
Q: What if Congress just passes the bill already passed by the Senate? Afterall, Jeff and Sue already voted for that thing!
A: The blue-state GOP represenatives maybe don’t want to get nailed for agreeing to kill the state income tax deductions (and it would only take 24 of out of 35 of them to shiv this thing). See also the NYTimes: On Tax Bill, It’s Trump vs. His Hometown
“While Mr. Trump has tried to sell the tax package as a giant tax break for all Americans, a different story is unfolding in New York and other high-tax, mostly Democratic states. The mayor of New York City, Bill de Blasio, has estimated that there could be tax increases for as many as 700,000 residents if the legislation is approved. Nearly half of households in surrounding suburban counties itemize their deductions — and stand to lose valuable write-offs of state and local taxes on their federal returns. …
“Some of the largest hedge-fund managers who operate in New York are also concerned about an element of the proposed legislation that prevents executives in certain financial-services companies from partaking of the new, lower pass-through rate — even if they are structured as partnerships. Their argument: that their treatment under that bill would drive the taxes for New York-based financial-service partnerships to 50 percent or more, driving business out of New York and into lower-tax states.
“This week, Kenneth C. Griffin, a major political donor and the founder of the hedge-fund company Citadel, which has its headquarters in Chicago but employs hundreds of people in New York, went to Washington to press that case, according to three people with knowledge of the travels. In discussions with lawmakers, Paul Singer, the founder of the hedge fund Elliott Management and one of the Republican Party’s most generous donors, made similar concerns known.”
Singer is a pretty big player. They want to make him happy. And there are a lot of other donors in the blue states who don’t want that to happen either, bigly.
Also/too: high comedy. The Republican detail-oriented geniuses forgot to scribble in the margins to raise the threshold of the Alternative Minimum Tax. If the point of the bill was to give billions to billionaires and corporations, this fuck-up will kill the bill.
Q: What if the Zombie-eyed Granny-Starver could convince the
Howler Monkeys Freedom Caucus to support the Senate Bill as it stands… oh, eff it. That ain’t even worth considering.
Somebody somewhere has to compromise, and I cannot see who it is going to be. In the age of Comrade Stupid, no one wants to be WEAK!