WE’RE TOTALLY F***ED IN THE DARK

Axios is reporting that the GOP has the votes in the Senate to pass the Billions for Billionaires Bill.

UPDATE 1, Axios again:

House and Senate Republicans have released their tax conference report. It looks like it’s on track to pass next week, now that key Senate holdouts — Sens. Marco Rubio and Bob Corker — have announced their support for the bill.

What’s next: The House will vote on the bill on Tuesday, according to House Majority Leader Kevin McCarthy, and then the Senate will follow. House Republicans will meet on Monday night and Tuesday morning.

Three big things in the report:

  1. The child tax credit has been made more refundable than in the Senate bill. It’s now $2,000 per child, with $1,400 of this refundable for families who have no income tax liability.
  2. The corporate rate will be 21% beginning in 2018.
  3. The top individual rate is 37%. There are seven brackets, and the lowest rate is 10%.

The bottom line: House Speaker Paul Ryan said Republicans are “on the door step of something truly historic.”

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13 Responses to WE’RE TOTALLY F***ED IN THE DARK

  1. Nora Daly says:

    There goes our economy and my retirement IRA – 46 years of saving out of every paycheck and I’ll have bupkus to live on!

    Liked by 1 person

  2. Feline Mama says:

    We are all shocked. Shocked I tell ya!! The RePUKElicans would side on the side of Billion-naires over the People. Over “We the people”. Oh please, Ms. Schadenfreude & her partner, Ms. Karma, Wake Up!! It’s time to RUMBLE!!

    Liked by 2 people

  3. ming says:

    Don’t forget the bonus fuckery of killing the health insurance mandate.

    Like

    • tengrain says:

      Ming —

      AND drilling for oil in ANWR!

      Rgds,

      TG

      Liked by 1 person

    • Jim says:

      Though they delayed it a year so Sen. Collins feelings wouldn’t be so offended and so she can run for Gov. of ME next year because like her former colleague, Olympia Snow, she’s fed up with the reactionary GOP Senate Caucus. (Fun fact: ME and CA have been the only two states to have had two female Senators at the same time, GOP and Democratic, respectively); CA still does, ME no longer.

      Like

  4. The mandate forced me to get insurance. The insurance prompted me to see a doctor after 18 years. The doctor prescibed meds that kept my BP from causing a stroke. ACA is far from perfect but it’s benefitted some of us.

    Liked by 1 person

  5. Infidel753 says:

    If they pass this, they will pay for it big(ly) next November. It’s almost as unpopular with the voters as trashing net neutrality is. We’ll win overwhelmingly enough to undo whatever they’ve done.

    And there’s still time for constituents of reachable Republican Senators to get on the phones. We only need to turn three of them (or two, if McCain can’t make it there to vote).

    Liked by 1 person

  6. Count Typo says:

    I’m so impatient to see the Senate pass something and put it on Trump’s desk, I willing to buy them all dinner at Arby’s.

    Liked by 1 person

  7. It is difficult for me, as an old, to keep up with who is tongue-bathing whom in the US Congress. A spreadsheet with a larger font would help.

    Liked by 1 person

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