Final Version of Tax Bill Released by House, Senate Committee

Speaker of the House Paul Ryan, R-Wis., points to boxes of petitions supporting the Republican tax reform bill as he arrives for a news conference on Capitol Hill in Washington on Tuesday, Nov. 14, 2017. (AP Photo/J. Scott Applewhite)

December 15, 2017
OAN Newsroom

The final version of the tax reform bill is released by the conference committee working to combine the House and Senate bills.

Included in the legislation on Friday afternoon are seven income brackets that reduce the rate for top income earners from more than 39% to 37%. Business owners are expected to benefit with a drop in the corporate tax rate from the current 35% to 21%, which would begin in 2018.

The release of the final text comes as Senate Republicans appear to have support to pass it. Sen. Bob Corker, R-Tenn., released a statement on Friday that the legislation represents a “once-in-a-generation opportunity” to make businesses more productive and competitive.

For taxpayers, the standard deduction is doubled and allows individuals to write off state and local taxes. State, local, and property taxes of up to $10,000 can be deducted. Plus, the child tax credit is doubled after Sen. Marco Rubio, R-Fla., who wanted the provision, threatened to vote against the bill on Thursday.

The bill will cut the Obama-era individual health care mandate in 2019.

A vote in both the House and Senate is scheduled for next week. If it passes, it will head to President Trump’s desk before Christmas.

  • HarryObrian

    WHO? conservative constitutionalist?? Not really…

  • Jeff Jeep

    This is going to be a Yuge positive for the economy and the Dems will either have to support it for the mid-term elections or go down with the tax and spend ship. Chuc-U-Shumer and Nancy-lost-her-mind-Pelosi are going to deplete the Dem party without help from anyone else.

  • BillVA

    I just commented elsewhere:

    This is a VERY weak effort for a party that hold the White House, Congress and the majority of governor houses. If this is not the perfect storm with the perfect President for SIGNIFICANT tax reform, it is never, ever going to happen.

    Standard Deduction ($6,350) is doubled while the Personal Exemption ($4,050) is eliminated. And there are high caps on state/local tax deductions. So what’s the point? The cost of rewritng and implementing the changes will exceed the savings.

    They should have reformed corporate taxes and left the personal code alone. They have opened the door for Democrat hyperbole with no significant benefit.

    -Democrats run for office to aggressively advance their agenda.
    -Republicans run for office to stay on the cocktail party circuit.
    Trump is exempted from this statement.

    • CD Ard

      And deadbeat women that pay no taxes will now get a check for double the amount for each one of their iligitimate brats. Scam of the decade.

      • BillVA

        Should have just cut the corporate rate and left the personal stuff alone.

  • iwontell

    WELL WHY NOT THE MANDATE NOW………another year of getting screwed by Obummer CRAP.

  • Marty McCraw

    Sorry to say that the ONLY thing historic about this bill is that the “Do Nothing Republicans” actually did something. The business related cuts are the only thing that stand any chance of making a difference I.M.H.O. Since they did this under “reconciliation” rules it seems that by definition there couldn’t be any significant cuts. The Senate should have changed the rules and passed this by simple majority and done something better. Ditch Mitch and RINO senators ASAP.

  • “The” Bobguy

    I read a piece that stated that alimony payments will no longer be deductible for divorces granted after 1 Jan 2018. Another “thing” in the fine print. The big question is “What else”?

    • Dakota

      ? Really

    • CD Ard

      Yeah, the war on white males.

  • Dakota

    Maybe we the people need to start electing candidates we like instead of letting the republicans and democratics cram more of these idiots down our throats

    • CD Ard

      Stop supporting RNC and directly donate to and vote for good candidates in primaries. RNC=RINOS Never Care

  • joe

    Tax cuts without spending cuts are just kicking the debt down the road. We will never see true conservatism in America.

  • Bob Ritthsler

    Pass now and use it to crush the Demoscum in the midterms.

  • FlamingLimousineLiberal

    We need to increase spending and increase taxes on everyone, not lowered. No deductions, no exceptions.

  • Rufus Firefly

    Where are the penalties for companies that move jobs offshore? There are none. This bill will encourage the practice.

  • TruthBTold

    I won’t celebrate until Pres. Trump signs it. I don’t trust the a**holes in the congress (both houses) to keep their word to the people. The “deep state” is still there and the “swamp” isn’t drained yet.

  • A marcus Young

    We must end the early retirement of 20 years for our military and DoD employees. Early retirement should be after they have worked 35-40 years. The country cannot sustain giving so many people a free PhD, 100% disability, and retirement. The reason we do not have enough troops to fight our wars is because we have retired them all. We cannot lower our standards because the two poltical power houses want votes.

    • CD Ard

      Incentives are there to encourage a volunteer military. DOD is just another useless bureaucratic alphabet agency like the FBI, DOJ, CIA, DHS,….

  • Roscoe

    I am retired but I want to see businesses take off and provide GOOD jobs for my daughter and grandchildren. High taxes are societies ruin and if you doubt that look at the cities and states with high taxes.

  • Ironmike4610

    Better than what we had!!!

  • badass

    thank you Congressmen, Senators.

  • Dr Food

    Obviously I have not read the entire document, however, from what I have read and heard, the major flaws in my mind include no “requirement” for corporations to increase investment or employment and second, the rumored sunset after 10 years for most Americans. Both may be false rumor, however, if they are not, the economy better continue to grow of it will come back to bite Republicans. The third and most ridiculous feature of doubling the estate tax exemption to $11 million will NEVER help any but the wealthy. How many people do YOU know that have an estate larger than $5.5 million? I kn ow none.

    • nfcapitalist

      You believe that government should mandate requirements… that’s all I need to know.

    • CD Ard

      Family ranches, family construction companies, family restaurant chains….to name a few. It would not be difficult to exceed $11 million in the property and equipment values. They are forced to liquidate the business to pay the death taxes and I know for a fact that you and the rest of the leftists did nothing to earn those punitive taxes….thief.

  • teddi bear

    Corporate tax rate reduction 35 to
    21 seems massive. Am I missing something? I also don’t see how this will benefit our middle class family. I think we will pay more. Family of 3. Can no longer itemize. Maybe a slight benefit in the tax rate reduction. I guess we will have to see.

    • CD Ard

      Yes, you miss the main point…..where have you been? 21% is the highest overseas corporate tax in other countries, so businesses like Apple and manufacturing go to other countries enjoying the low tax rate and keep their money offshore. Obviously we are losing that tax revenue, plus lose the jobs, plus lose the income tax revenue off the salaries if the jobs were here in the US. Three huge losses. That money and revenue stream repatriated will add much more tax revenue into the budget and deficit. What was massive was when that Muslim Marxist and his regime raised the corporate tax to 35%. Obviously, OBVIOUSLY, the corporate tax rate should be similar to other countries to be competitive in OUR best interest.

  • nfcapitalist

    I didn’t get enough, or… why should I have to pay back my loans, or… I shouldn’t have to pay for our military or police to keep my unpleasant life safe from murderers… it’s about me, myself and I?

    You are spoiled brats America… build that wall mr. President!!!

  • Lenny Woodson

    This would be great if it wasn’t for Rubio and his efforts to buy votes from low-lifes who don’t work, don’t even pay taxes, pop out more and more ‘keeds’, and want tax credits (your money) to support their laziness.

  • landy fincannon

    Here sre two names , you’re
    probably not familiar with.

    JOSEPH. BANISTER
    A armed IRS agent in the Criminal Investigation Division. Resigned after readin the material in WILLIAM BENSON book THE LAW THAT NEVER WAS. Which proved conclusively that the 16th Amendment was never properly ratified by the states.

  • Flying Spaghetti Monster

    So odd that billionaires can’t handle money and constantly need more.

    • nfcapitalist

      Democrats know how to spend money on giving invaders a retirement check until they get on their feet, learn english, and get a job…. which never happens… that and putting more bean counter bureaucrats behind desks in the system they want to destroy.

      … hello?

  • Marty McCraw

    I am convinced that this tax bill has only one benefit which is to reduce that tax on corporations to 21%. I have a decent job at a corporation and would not consider myself to be even in the upper middle class and it is clear that I will be paying more taxes under this historic tax cut. Nothing truly historic could have been done via “reconciliation procees”. Ditch Mich and all Senators supporting cloture. Republicans need to get real.

  • nfcapitalist

    The FBI hunts for Bank Robbers like cats and dogs but where is the hunt for those $7,000,000,000 (billions) the were misplaced in the State Department under Hillary’s watch?

    What happened to the millions or billions that resided, presumably, in the Clinton Foundation after that very suspicious operation was dismissed or… really no one knows?

    The FBI or News Media don’t seem to be interested in the theft of billions… nothing to see here… move along.

    • Cheryl the Deplorable

      Ben Carson is having the same problem with HUD, their unconventional accounting has made it almost impossible to audit. Many discrepancies there too

    • landy fincannon

      Don Rumsfeld announced on Sept 10, 2001 that there was 2.3 trillion dollars missing from the pentagon.

      We all know what happened on 9-11-2001

    • Rufus Firefly

      The FBI cannot investigate rumors and delusions.

  • I cannot stand lyin ryan

  • Norman Howe

    GREAT NEWS FOR AMERICAN WORKERS AND BUSINESS MEN AND BUSINESS WOMEN—-TRUMP IS ” GETTING IT DONE “!!!

    • weasel1886

      It does almost nothing to help workers

      • Give me an example on how it doesnt help workers.

        I read a leaked version and holly crap its an exceptional tax cut for all of America. If you are earning under 74K a year, you will be pleased. Those above74k will only pay a fraction more, this is a balanced tax plan that makes millionaires pay more, while I dislike any tax, the last 25 years have pushed the 1% ers way out of line to the rank and file

        • weasel1886

          This bill helps me but it will not do what supporters thinknit will. The 1% ers also have way more power to influence government and buy officials

          • A blanket statement “it will not do what supporters thinknit will”. Specifics?
            What I hope it will do is spawn small business with its tax code.

          • weasel1886

            Why would it.?
            If I pay say 20,000 tax on 100,000 and it is cut so I pay only 10,000 i just got 10,000 for doing nothing. Where’s the incentive for me to invest in my business?

          • “Builders” from a psychological standpoint dont do less when they have more at the end of the day, they do more with the results they saw to make more widgets.
            I dont know you and I hope you see this as constructive criticism. People who do less to maintain the same rate of pay arent growth oriented, they are close to retirement. Move aside, we’re coming through.

          • weasel1886

            That has very little to do with this issue. The extra 10,000 just might be used for a vacation or extra stock buy. Both may help the economy but it doesn’t grow a business much.
            I would rather see more deductions for wages, equipment, and investment into the business

          • And what ever its spent on, it will end up in the hands of those who grow and build. Consumers spend, builders build

          • gregg56

            Again, you demonstrate a complete lack of understanding of basic economics.

          • weasel1886

            How so?

          • CD Ard

            Troll alert…..you are blocked

          • weasel1886

            Coward

          • Cheryl the Deplorable

            that’s a whole different issue and one our representatives from both parties should be addressing but won’t because that’s how they all get rich.

      • Sons of Liberty

        If it creates jobs it doesn’t help workers?
        This economy is going to EXCEED 4% growth.

        • weasel1886

          Very doubtful we can reach 4% unless we bring in more workers

          • Cheryl the Deplorable

            or get the 92 million working age adults that are currently sucking off the system, off their @$$es and out to work.

          • Rufus Firefly

            That number is fantasy.

          • weasel1886

            There ae not 92 million able bodied workers. That number includes retirees, disabled, and others that can’t work. It would also kill wages if that much labor joined the pool

          • Cheryl the Deplorable

            it was 92 million working age adults.

          • weasel1886

            How many stay at home moms?

          • gregg56

            Perhaps putting the millions of American workers who quit looking for a job back into the workforce again?

          • weasel1886

            We are already close to full employment. I guess you could take people where there are few jobs and move them to other areas

          • CD Ard

            You are wrong. Unemployment only measures the percent still applying for work. Many gave up years ago, and are still unemployed. Unless there is a big hiring demand, employers don’t hire those that have been out of the work force for long periods. Many tech jobs were replaced by visa holders from India on contractor status to get around costs. I know plenty of citizens that were pushed out the door to be replaced by India visa holders through 3rd party contractor companies.

          • weasel1886

            This tax bill does nothing for those long term unemployed people. How have they been surviving all these years?

          • kaiju

            So your illegal?

          • Sons of Liberty

            Please.

          • weasel1886

            We will see. Wall St doesn’t think so.

          • Sons of Liberty

            Wall Streeters want the money for themselves. Like last time.

          • weasel1886

            Yes and Trump is doing everything to help them The last thing they want is for wages to go up.

        • Rufus Firefly

          Magical thinking is a bad economic policy

          • Sons of Liberty

            So is printing worthless currency and running up the debt to fill the coffers of the 1%.
            But we survived that sooooo…

      • Cheryl the Deplorable

        It’s the same old BS coming from the Left. The Bush tax cuts were just for the rich too according to the Democrats yet when Obama took them away it cost me $80 dollars a paycheck.
        Why does anyone still listen to Democrats?

        • nfcapitalist

          They aren’t Democrats… but the real question remains is… what are they and who are they loyal to, because it’s NOT our country, flag, people, or constitution.

      • gregg56

        If that is what you believe, you know nothing about business.

        • weasel1886

          Tell me how?

  • anonymous_economist

    To my fellow Trump supporters:

    This bill is not what we voted for. This is a GOPe extorted travesty that will not play well with the American middle-class. Trump should be ashamed to sign this into law, but, unfortunately, McConnell’s war on the Evangelicals has got the President on the run.

    Bottom line: Obamacare mandates forever; no Wall, ever, and plenty of government goodies supplied to illegals, which will most likely include some MS-13 members.

    • Sons of Liberty

      Concern troll.
      If you are a Trump supporter, I cant wait to hear what kind of effluent Chuck-n-Nancy spew.
      It took Obama eight years to deconstruct America.
      You quit on Trump after one.

      • “You quit on Trump after one.” SPOT ON
        Most people who spend 30 minutes in front of the teevee at night watching MSM news dont know what they dont know.
        This is what cable teevee did to America, misdirected their attention on whats really important

  • Jay77

    it may not be perfect but its a tax cut and first one in over 30 years and growth in the country will pay for it. Dems just complained and did not offer anything as they do not want a tax cut for americans especially the likes of Schumer and Pelosi who are the biggest buffoons on the planet.

    • weasel1886

      We had a tax cut during Bush in about 04. It did nothing

      • CD Ard

        Because you did nothing. The rest of us did well.

        • weasel1886

          And how did it help the crash?

  • ShortSweet

    We can all hope Rubio is over his tantrum and will not block much needed legislation. All he proved is he will hold his breath if he doesn’t get his way … not very adult as far as I’m concerned. He used crucial legislation to begin his next presidential campaign and I for one am not impressed.

    • Sons of Liberty

      Exactly. Face time for the crusader.

  • Andrew Moore8

    Well look at that…..See what can get done when the house and the Senate work together…..and America becomes stronger….MAGA….Trump 2020

  • Redduke

    After next week’s passage it will be time to start the cutting. eliminate the sequester, fund real military, cut, cut, cut.

    • weasel1886

      Yes cut the military in half

  • Clinicaleducator1

    This is better than the manure we currently have. FLAT tax is what is fair and easy. Kemp and Forbes had it right. Of course the crap we keep electing won’t do the right thing. They do what is best for them, NOT the American people.

    • Redduke

      I like the FAIR tax better but it will never pass.

    • weasel1886

      A flat tax would have to be at about 20 percent

  • weasel1886

    This will do nothing to increase jobs or wages

    • ShortSweet

      I think you’ll be proved wrong on that one. You must surely admit it is an improvement over what we have. Nothing is perfect but this is a good start to it.

      • Andrew Moore8

        Gotta start some where…..

      • weasel1886

        This bill personally helps me but it won’t do what the bills supporters think it will and just creates more debt. It will also force Trump to rethink his budget ideas due to lower revenue.
        How do you raise defense, infrastructure spending, and build a wall with less money?

      • weasel1886

        How does it increase either? There is nothing to say any saving must be used for those

    • Andrew Moore8

      but increasing abortion, allowing same sex marriage, gay rights, more welfare, and higher government spending….which are all demoncrapic libtard agendas will??? Hasn’t seemed to work that way in the past numb nuts.

      • weasel1886

        Yes

  • HarryObrian

    and ILLEGAL IMMIGRATION with all it’s offshoots
    and MS-13 taking over Long Island, until the government buys them off
    and Planned Parenthood
    and no budget
    hey but everyone gets 20 bucks a week more, taxable that is…

  • badass

    there are tons of stupid voters, because Rats are never for those voted for them but their own purpose, think about Nancy P. she’s the most stupid politician, she’s has no brain at all.

    • RfromTx

      nope.. Nancy P. has much bigger brain than those who voted her in..

  • KMA

    Sad,but true!

  • BLKJR

    I see this as a first step to further reductions in the tax rates and complexity of the tax system. Once the certainty of the growth benefits are proven, so much more will be possible. This act will doom the progressive democratic platforms forever!

    • HarryObrian

      Sadly, no, not if they do one simple thing, spend to the high heavens. The idiocy of this whole implied Santa Claus BS gift of a tax cut is extremely ignorant and short-sighted but perfectly deserving of the brain dead sheep and the corporates who own the present admin. While everyone enjoys their 20 bucks a week, all the anti-American libs have to do to make it fail is increase spending which they can do forever because there is no budget and there is no accountability for waste.
      Stupid Americans.

      • ShortSweet

        Feel free to leave at any time. Gather up what you have and relocate to a different country that more suits you.

        • weasel1886

          Iguess no dissenting opinions should be allowed

        • HarryObrian

          oh did someone get their feelings hurt?.. sworry…

      • Andrew Moore8

        Ummmm….hey numb nut…..the liberals are no longer in charge of the purse strings in case you been under a rock for about the last year.

        • HarryObrian

          Don’t kid yourself…

          • Andrew Moore8

            I’m not….The budget is set in Congress…and for about a year now the conservatives have had control of both the house and the Senate….So the conservatives are once again in charge of the purse strings in the USA….Stupid foreigners.

      • Letmesay

        And I suppose you are the only one NOT stupid. Maybe you should be on the hill telling them how it should be done.

        Get a life, please.

        • HarryObrian

          You missed the other logical conclusion and also, never let emotion get in your way.

    • weasel1886

      This will not grow jobs or wages

      • BLKJR

        Says ‘the weasel’ Time will tell. Market up 32%. Futures up 131. Whatever will we do with our new found worth?

        • weasel1886

          Just because the market is up doesn’t mean there are more jobs and better wages.

          • Letmesay

            Geez…weasel,
            You make no sense but 2+2=4 is still correct the answer.

          • weasel1886

            So you give Obama credit for a great economy? It doubled under him

          • BLKJR

            Hot damn, you are a negative one weasel. Let’s see what next year brings. If it is like this year, hold out for 2020.

          • weasel1886

            It doubled under Obama. I don’t see anyone here giving him credit for it or claiming the economy was great under him

  • Rob

    what about the elderly and retired on crap Social Security income with no real cost of living increases in years? They have to work a part time job after 40 years of working just to pay for medicine and food..you want kids? Fine PAY and PLAN for them otherwise deal with it…What about people who do not want kids they should be penalized for being responsible? We pay the same real estate taxes for schools we do not use… you get to send your 5 kids to the school and we pay for it.. you should pay more in RE taxes .. I want my R.E. taxes to go for police and roads… NOT SCHOOLS..but do we get that choice? NO!……. what about the gays? they sue a baker for not making a cake but not the government for discrimination since they do not have kids. this is wrong for America on so many fronts and should be Vetoed by Trump…..This is not tax reform but a band-aid for an already broken and flawed system. True reform should occur but no one in DC has balls. no kid deductions, no deductions at all….flat tax across the board 10%; if you work you pay one flat tax as an individual… earn $10k pay $1000, earn $60,000 pay $6000, earn $1 million pay 100,000 the rest is yours do with it what you want. That is tax reform at its finest and a fair and equitable system for all. No person should be penalized for drive ambition and success. No person should benefit for being lazy either…personal responsibility is key to succeed in America and for the country to flourish.

    • badass

      @disqus_8DaH17emrX:disqus , thank you.

    • KMA

      Rob I agree with you, a flat tax is real tax reform! As it’s been mentioned, it’s not perfect. It is however better than we have now and it will pass.
      As for the child tax credit, you have to understand that people are collateral for U.S. loans from other countries. This is why the so called “liberals” want immigrants….more money, more money, more money! Never mind the fact that we’re losing on procreation front(most likely do to abortion convenience). Someone has to pay for us “baby boomers”.

    • HarryObrian

      You’ve correctly identified the one party government that has been in place for over 200 years, only the characters and the words change and it’s an entropic existence as well.

    • Ray

      Rob, I totally agree, especially the flat tax method. And there is one more benefit of a flat tax… The IRS has absolutely nothing to do except collect 10% from everybody.

      • HarryObrian

        The problem is that too many rich lawyers stay that way due to the current tax system and they would sell their first born before allowing a simple flat tax to exist. What will happen and probably before these tax cuts expire, will be a VAT tax but the tax system that makes and keeps those in the flush will never go away.

      • weasel1886

        It would have to be over 20 percent at current spending

        • Ray

          OR… CUT SPENDING!

          • weasel1886

            That won’t happen. It would crash the economy

    • friend

      Rob, This paying for schools by people who choose not to have children has long been a beef of mine. Just thinking off the top of my head, I would have an additional $250,000 in my savings account had I not been required to pay for other peoples children to go to school. That amount would be a big help for my retirement income. The seniors get the short end of the stick all the time.

      • weasel1886

        I’d have a bunch more if i didn’t have to pay for useless military cr4p

        • mark christmas

          moron…

          • kaiju

            I’m thinking illegal too, or possibly a Soros bot.

        • Ironmike4610

          You would also be speaking a different language, if it wasn’t for our military!! smf

        • Allen Terrill Sr

          i think they missed the point the military crap is wasteful spending like two hundred dollars for a wrench,or a hammer that you can get for five dollars at home depot

    • RfromTx

      I completely disagree Rob. .Flat rate tax is so simplistic for a complicated phenomenon (TAX) it’s not equitable at all. The $1,000 of someone who only makes $10,000 a year is far more valuable than the $100,000 of someone who makes 1M… when both of them are spending same price for the same food, the same price for utilities, movies, etc… The politicians may not have that much brain but surely they are not morons to agree to a flat rate tax.

  • brad m

    I’m disappointed that the Republican party thinks this is a once in a generation tax reform bill. This shows us how lost the Republican party is.
    No this isn’t what Trump was looking for. Hopefully more reform can be done next year or at most year after.

    • HarryObrian

      “No this isn’t what Trump was looking for.”
      Did he say that?

      • brad m

        No he didn’t. I was pointing out that this bill is not what he was looking for

        • HarryObrian

          I have found nowhere that says with reliability what Trump really wanted in a tax package except that he wanted one and in time to appear like Big Brother Santa Claus giving gifts to all the sheep, a tad cheesy.

  • eladtoor

    Doncha wish Paul Ryan would learn to use a toilet?

    He always has that same, s**t-eaten grin on his face that looks like he thinks he is putting-one-over-on-US, ’cause he just pooped his pants, and he thinks we can’t tell.

    • HarryObrian

      He is putting one over on everyone, he’s done his damage, made his egg andnow he gets to give everyone the middle finger and leave to his taxpayer paid mansion complete with wall.

  • Wilbo The Deplorable

    John Kennedy and Ronald Reagan both showed that cutting taxes not only creates growth, but the increased economic activity actually results in more tax revenue. With all the offshore businesses and money that will come home, this should be a really big deal for everyone, and should not blow up the deficit, as long as spending remains reasonably in check.

    We’ve waited a long time to again show that this works. And the reason why no Dems are voting for it, is that they are afraid that it will work TOO well, and prove that their longstanding policies, rhetoric and beliefs are all wrong.

    • HarryObrian

      “as long as spending remains reasonably in check.”
      Don’t hold your breath on that one because the anti-American dems will increase spending wildly just to destroy the concept of tax cuts being a good thing. I’m beginning to wonder if this is not President Trump’s plan all along.

      • friend

        It is not just the dems who raise spending. Look at Bush the 2nd’s all republican congress, they started this latest rash of unrestricted spending. Yes the dems accelerated the process.

        • HarryObrian

          A little known or published fact, Bush’s 2nd all republican congress was not as spendy as the Bwarney Fwanks congress that took over in Bush’s 6th year and added their huge tab to the equation. Not to mention that Bush was just as lazy when it came to keeping track of the money.

          • friend

            We are on the same page Harry. Bush was just a coat holder while Obama was an avid anti American. Both were spendthrifts with our money.

    • friend

      ” as long as spending remains reasonably in check.”
      That is something which Congress NEVER addresses.

  • porkexpress

    I watched the House Majority Leader McCarthy and the House Minority Whip Stoyer have a great debate about the Tax Reform Bill but when Stoyer said that the Tax Reform Bill should have been a bipartisan bill I couldn’t stop laughing remembering the ACA bill.

    I remember Pelosi telling the House that the ACA had to be passed and then they would find out what was in it as it was too long to read prior to voting on it. The Democrats were the only ones to vote for it and they had the Majority so if that is what Stoyer is defining what bipartisan means then the Republicans had bipartisan voting also. The trouble is that now the ACA is just about dead and those paying need a financial solution, not funded by government by using taxpayer monies, to pay for the insurance and the very high deductible but then again the Democrats passed it without anybody reading what the Bill contained. Then Reid got it passed in the Senate without anyone reading it either.

    • HarryObrian

      My guess would be that single payer will be here by 2020. Even though companies are allegedly hiring, the cost of health insurance is an increasing burden to employees and costing them much more for less coverage. Costing them more than this tax rate cut will replace. And with so many people turning 65 and jumping on Medicare, along with all the ILLEGAL ALIENS and child welfare, there is no place to go but to substandard single payer.

      • porkexpress

        I believe that the government wants people to have jobs like we had before. This way you have more paying then using, which is the way Obama wanted the ACA but more poor and people with existing conditions used it and the young healthier people did not. This created a really heavy burden on the tax payers and the insurance companies started losing money so they opted out.

        Illegal aliens and child welfare use Medicaid which falls under a states control and not the federal.

        I suppose my hope is that the Congress “mans up” and starts working together in a bipartisan manner and actually fix this issues. When they vote on a party line and not free thinking about what is best for all the people then I see an issue where they are all sheep and the leadership is leading by threats of damage against any of there so called flocks who disagree.

        It is seems to be a government run by a few power hungry individuals and party elites and not by the people, the way it is supposed to be per the Constitution.

        • HarryObrian

          I used to have those hopes but entropy keeps winning.

  • eladtoor

    There are still a few problems with the new tax bill. Of the 286, 592 pages, 103,479 are blank.
    Another 37,233 pages are redacted, with hand-written scribbles along the dark redaction lines. When asked how readers were supposed to find out what was on the blank pages, the GOPer-authors said, ‘It doesn’t matter, just make up whatever you want them to say, that’s what we do when folks ask us what’s in the bill’. When asked to translate the scribbllings, the GOPers gave the same answer.
    “Hey’, their leader said, ‘We really didn’t have much time to do this bill. But we got ‘er done! And what’s the difference what it says, nobody ever reads any of the bills we sign, anyway. They just say the bills say whatever the dope they’re talking to wants them to say.
    “No one with any sense is going to waste their time reading any of this crap we pass, anyway. Except, maybe, some doofi at Rolling Stone or something.”
    “And we all sure-as-hell-know the Prez can’t read”

    • porkexpress

      Neither could Obama as he signed the ACA without reading it either. Now that was one smart president that gave America a great present. Look at how cheap it is, as he said it would save everyone at least $2500.00, keep the same Doctors and on and on. I guess the high deductibles are killing the ACA insured unless you are getting it paid by the taxpayers that is.

      • eladtoor

        This is a great tax bill. Trump claims it will save the average family $2500 to $3500/year until it expires for them in eight years (If not sooner, ‘Due to an emergency, “I’m being impeached!”)
        “And it’s a great, wonderful Xmas present for them!”
        He neglects to mention it will save $2,500,000 to $3,500,000,000/year forever for his close .1%er friends, (who are kicking-back $????? into his ????? fund forever.)

        • porkexpress

          The liberals seem to forget that having full time jobs means that more payroll taxes will be collected. I guess that you think having people poor and living off the government, or taxpayers, is living the American dream.

          I would also like to point out that 7 of the richest 10 people in the US are Liberals. Besides, that has nothing to do with the ACA and how the people got screwed by your hero and his Liberal buddies and insurance providers who quit selling the failed plan. What ever happened to the monies Obama said everyone would save?

          Why did it take 30 years to get some tax relief? Could it be that the Democrats who claim to be for the people really don’t care about them and worry about their rich friends and donors who don’t care about the common people either. I would bet on that one as being yes.

      • eladtoor

        Let’s see: We had a black President many folks didn’t care for, we now have a new white Prez who isn’t worth a damn, the whole nation agrees that a female Prez would be a calamity…………
        Maybe we better hope for a pink or green hermaphrodite to run in 2020.

        • porkexpress

          We haven’t had a great president since Truman and Eisenhower. That includes Kennedy, the whore dog, and from there they went downhill fast.

        • badass

          female president? i am NOT against female but to be a president, no way. can’t you see Hillary C. is a typical liar, all the way???

          • eladtoor

            ‘Typical’ liars are the norm, that’s why they are called ‘typical’. Let’s see, we have Hillary C., Donald T., Huckabee S., and the list goes on and on.

          • badass

            “typical” is used also as ADJ.

          • eladtoor

            You should seriously consider changing your first name from ‘Bad’, to ‘Dumb’.

          • badass

            if i am dumb then you’re the most ignorant Ahole. go to school and learn more, btw, i am sick of your stupidity. hey Ahole open up your moron eyes and read these:
            You use typical to describe someone or something that shows the most usual characteristics of a particular type of person or thing, and is therefore a good example of that type.

          • eladtoor

            I don’t usually deal with the brain dead, but since you’re obviously just a stupid kid, I’ll make an exception. I see you knew just enough to borrow a dictionary for a definition of ‘typical’, but who did you get to read it to you? Was it your mommy, dumbass, or is she tired of you, also, so you have a permanent five-year-old sitter to keep you from going potty on the floor or in your diaper? Adieu.

          • badass

            you’re a typical brain dead Ahole, period.

          • eladtoor

            You should seriously consider changing your first name from
            ‘bad’ to ‘dumb’.

  • Suomen

    That “health care” MANDATE is a Nazi mandate and so un-democratic. Leave it to the Marxist Dems.

    • Brian

      Placed into Obamacare by Republican Chuck Grassley

      • Suomen

        Oh?

    • All American

      Obamanomics going⬇️to wallow with their thought to be master craftsmen 😂

  • Leonard Ross

    Libs. Hate fox news but they are on Fox News 24/7,, lol, what lying. Hipocrit, jokes, no solutions ever,, just corruption,complaining, lies, double standards, and non working , welfare trolls, get a life lowers libs. Lol.

    • Sherry Klein

      OANN NEWS is real news. Fox and CNN are bogus fiction.

  • Rufus Firefly

    Are those petitions as blank as Trump’s props yesterday?

    • Leonard Ross

      Are you sure? CNN lies, we dont, go home baby lib. U lost..?

      • porkexpress

        I see the Libs lost another Obama era item. The FCC repealed Obama-era net neutrality rules. I guess that their goes another Legacy item.

  • Theo Stall

    Not perfect…BUT ITS DONE!!
    WILL PASS.
    And the Democraps will go into total meltdown!!
    All in all—another great day for President Trump!

    • ComradeAdam

      I know many people were upset with the elimination of the state deductions, but that was the biggest selling point for me. It’s too bad they put it back in for the final version. Giving liberals the ability to write off the state taxes means they are putting the cost burden of everything their state does onto red states. Eliminating that ability would have made liberal policies toxic and pushed the country to the right, that one provision could have ended liberalism. Looks like the rest of the country will continue to subsidize the blue state liberal entitlement programs.

      • HarryObrian

        You’ll need to explain this “Giving liberals the ability to write off the state taxes means they are putting the cost burden of everything their state does onto red states.” as it makes no sense.

        Also the 10k cap on property taxes is bad for people who live in states that have no income tax because those states property taxes are quite higher and more abusive than states who have income taxes. This also hurts people who have boats and vacation homes and forces some to sell into the greedy hands of these corrupt, diseased politicos.

        In addition there is no mention of all the increased tax benefits to the ILLEGAL ALIENS that are very well hidden in this ‘temporary’ tax rate cut that will be used as a carrot in future elections.

        • KMA

          I don’t like saying this Harry, but read the nyt. report. I agree however with your assessment of illegal aliens receiving a tax credit. It would require the IRS to actually do their job to eliminate illegals from receiving the credit. We all know how that will work.

          • HarryObrian

            Say whatever you like, it’s a free country. I thank you for your suggestion.

          • KMA

            You’re welcome. Thank you sir for remaining civil,although we may disagree. Something maybe politicians should take note of.
            “Free country” as free as it can be with one class of people trying to control another.

          • mark christmas

            If a person does not have a SS number, they cannot take the deduction so that will eliminate some of the illegals from being compensated…

          • KMA

            This will be my headstone epitaph….
            Do your “F”ing job! Don’t worry about what the others are doing! Do YOU’RE “F”ing job!
            Unfortunatly for us the IRS will not and millions will fall through the proverbial crack.

          • All American

            Like Green card holders, if you spend at least 183 days in the United States and are a holder of a nonimmigrant visa, you must file your taxes using IRS Form 1040 by April 15th and pay taxes on all income earned in the United States.

          • WitchWay

            A person who is NOT a citizen can still apply for and receive an EIN number to use in filing taxes, unless they have closed that loophole in the past year.

        • KaPueo

          Only seven states have no personal income tax and while I can’t speak to all of them, you are wrong about high property taxes in at least two of them: Florida and Tennessee. I can’t definitively attest to Texas, but I think you’re wrong there too., although you’re probably right about Washington. In my experience, property taxes are actually higher (along with every other tax) in blue states whether they have a personal income tax or not.

          • HarryObrian

            In the blue states I have knowledge of, right next to a non-income tax state, the property taxes are half what they are in the income tax state. And that blue state has one of the highest welfare burdens in the country, but it also has a fair amount of corporate income.

          • Lenny Woodson

            He’s wrong about Wyoming too, where I live. Dead wrong.

          • Rock Cabin

            I lived in Texas for 20 years and the property taxes and school taxes were very high.

            I had $50k mortgage on a $125k 3B2B “normal” house and my house payments were $1300 month because $475 was for the loan and $825 was for the taxes.

            So I moved to Arizona with a small income tax and better property values.

        • Doug Cline

          It is a simple process. Too many people have been over taxed by liberal state and local governments. Because the federal government has allowed these taxes to be written off there has been no emphasis on getting rid of the overtaxation. Now that there is a limitation and, hopefully, and eventual removal of all tax deductions for state and local taxes; it will help push the residents of those states to either demand better treatment and services from their local governments or will vote in representatives that will have their best interests in mind. Look how these over taxed states and cities are going bankrupt because of the liberal misuse of money.

          • HarryObrian

            Won’t work, the system is too corrupt and the feds won’t give up that much power over the states, that’s fairy tale stuff. The majority of all government employees, city, state and federal are unionized liberals who are paid much more than their private sector counterparts, they are not about to give up the one source of income that allows them to live high on the hog. It will take generations for any of that to change, if ever.

          • Randolph Oberlin

            You are right about the fairy tales. In my opinion, the only way to do this is the flat tax. You start by shooting all the sacred cow, not just one but all of them. Every tax payer files separately (ends the marriage penalty), all income is treated the same, no deductions or credits for anything (kills all forms of social engineering left or right), generous standard deduction (like about $25,000), send in 10% (or less) of the rest. This treats all taxpayer the same (equal treatment under the law) and neutral in every way. Decisions on what type of house you can afford or how many children you have should not be based on the tax code. Let people keep more of their money and destroy the influence of the special interests. Never going to happen.

        • NotSure

          Not speaking for Adam. I too was upset that the State tax deduction was left in. I did not know until this tax bill that people in high tax States had their taxes basically, subsidized by Federal Tax payers, well to be fair have their liability reduced because of the States high taxes. I do see it as somewhat of a stop gap cover up as to how much States are actually spending for their progressive idea’s. Take San Francisco is it that pays for elective operations if your a City/State employee and ‘born the wrong gender’? It would become painfully clear for someone living in this city how much this and other ridiculous spending actually cost’s each individual if they were not able to have their Federal tax’s reduced for the insane overburden. Their overall tax burden does tend to mask the pain of these high taxes. If that number were to increase dramatically, because they now owe to the city what is due, and not credited by the Federal Government, this massive bloat would correct itself in just a few years I am sure. Then maybe just maybe states like CA may stop hemorrhaging jobs like they have in the past. Why should their liability to Federal Taxes be reduced, just because they chose to live in a State that has difficulty managing money? It does feel like their Federal tax burden is being subsidized by those of us that are not living in these tax area’s. Sorry it is long winded, I am just a little off today.

          • HarryObrian

            OK fine, simple then, stop all federal monies to states, get rid of the tax code, implement a flat tax of between 0 and 13% and 0 and 4% which can only be adjusted once every 9 years and only by an 80% majority. This downsizes the government and makes everyone equal.

          • NotSure

            Use a sledgehammer would be your suggestion? Not bad at all, I wouldn’t say get rid of all federal monies going to states but the rest of it doesn’t sound half bad. Definitely remove federal money going to states that break federal law though.

        • Dr Food

          Allowing ANY State deduction from one’s federal liability hurts everyone, not simply red States. Texas, for example, has high property taxes and low to no income tax. That being said, any subsidy of State spending requirements hurts the federal government’s cash flow. We live where we live for a variety of reasons. Doing so shouldn’t penalize someone for living somewhere else. Perhaps you subscribe to allowing free spenders to benefit from the more frugal. That’s your call, however, I doubt you or anyone else, would be willing to pay their neighbors tax burden if they have proven they cannot control their personal spending.

          • HarryObrian

            No, of course not, I don’t subscribe to penalizing frugality BUT your corporate owned, debt ladened government does. A topic for another time.
            I do however believe in state sovereignty and believe that the government has created too much control over states. Yes, the government is hurt by state requirements but that’s what the feds want, control, and that’s how they get it and as long as they’re doing it it should be available to all taxpayers and not capped to give the appearance of affecting the rich. I know many people whose property taxes are well above the 10K limit because they are frugal, not rich, and have saved to invest in a big home or a second home and who appreciate that deduction. Lowering it only affects them, not the rich, however, it does coincidentally and eventually force frugal people to sell their property and some of those properties which were never available before this whacked out capped deduction are eyed by many a rich person and many politicians. It makes no sense to cap this specific deduction unless it was to the politico’s or their friend’s favor.
            Populations growing exponentially, good properties becoming hard to find, might be time to force some people out, what better way than have the government do it?

        • A marcus Young

          The Democrats need to be dissolved because of their racist history. When we do that there will be no need for political factions, and we can stop the political football game. We are being invaded by every country in the world. and we are too busy fighting ourselves to see that

          • NotSure

            Dilly, Dilly!

        • ComradeAdam

          Sure. Let’s say you have a state that wants a new entitlement program for their state, like giving money to illegals to go to college. Where does the state get the money? It uses the only power it has and taxes the citizens of the state. This makes the citizens angry when they see they are paying so much more in taxes. This would make liberal politicians unappealing, because a vote for a liberal who wanted these entitlement programs would mean a huge increase In their taxes. Liberals would lose elections and businesses would avoid the state.

          So in order to cover up the damage and sugar coat it for their state, they got Congress to put in a deduction for their state taxes. So when they pay more in state taxes, their federal tax cost goes down. It just shifts the responsibility of the cost from the state’s citizens to the federal government. ie The states are taxing the rest of the nation for their pet projects, we end up paying for states that refuse to stay within a budget. All the liberal policies that states like California and New York put in place are being billed to us as US taxpayers.

          Without this deduction, each state pays for it’s own messes. Politicians become more accountable for their budgets and spending. And people will start paying attention to the cost of everything.

          • HarryObrian

            Well, instead of penalizing everyone for that abuse, the easier way than that is to stop or cap federal funding for certain welfare programs that support criminals and thieves, kinda like stopping support for sanctuary cities and such. Or maybe restrict where campaign funds come from or maybe build a wall or maybe deport all of the 60 MILLION ILLEGAL ALIENS in the country.
            Or maybe delete the entire 74,000 pages of a pathetic tax code designed to support a fake industry and fake government and implement a flat tax.

          • ComradeAdam

            The state tax deduction means the federal government is subsidizing all state programs, regardless of the purpose of the program. Getting rid of the state tax deduction is not penalizing anyone, it is just allowing the states to feel the consequences of their own actions.

            It would be like having 50 roommates and pooling the cost of your food; when everyone knows there are 2or 3 roommates that gorging every night and are eating half the food. If you were able to cancel the deal and tell them everyone buys their own food, no more sharing; that would not be penalizing anyone. It’s just not covering for their irresponsibility.

            Build the Wall/ deport them all
            Simple and less is always better with taxes. Flat tax would be great.

      • iwontell

        YEAH why should the rest of us PAY CA or NY for instance, one pinny when the A*** spend her money like madmen…..

      • BillVA

        There is no elimination…just a cap.

    • A marcus Young

      They won the battle but with a 21 trillion dollar debt, they have lost the war.

      • RfromTx

        Often times savings goes hand in hand with spending to keep the budget in check. Its high time that fed spending now be scrutinized. I don’t want my tax dollars goes to grants like ” study on how a typical amoeba’s replicating processes is affected by the gravitational rotation of the moon…? How much money can be retrieved from wasteful federal programs? or programs that are not efficiently managed… federal contracts that is being gauged( in contract price) by private companies who have lobbyist in Washington to create and/or continue these contracts.. Hurry up… drain the swamp..!

  • davej

    all those boxes are a far cry from “Just a postcard”

    • Theo Stall

      Thank the Democraps smear machine, aka..the MAIN STREM MEDIA, for that.
      Small bites. Get this thru, let it fire the economy even higher, and he’ll have the mandate to do more!

    • Rufus Firefly

      I wonder how many new loopholes are in there? Or errors?

    • Leonard Ross

      So file another pointless, money wasting , suit, who cares, only the repubs. Pay, u do t have jobs, lying, unamerivcan, hipocrit, libs, leave to Canada like you lies promisef, another lib lie., they don’t want felons or losers. Shut up libbie.

      • porkexpress

        My goodness, please use spell checker as nobody can read this.

      • WSWSapphire

        Said the lib.

  • Dell Wilber

    I’m going out on a little bit of a limb, here, but I do believe RINO’s will wind up killing this thing, along with the budget…

    • Leonard Ross

      Lol dumb stupid, lib.

      • WSWSapphire

        Meant to say it here(but it applies the 1st time, as well)… “Said the lib.”

      • Dell Wilber

        Shows how much you know, troll….

  • Altha Fl

    I heard a rumor that Paul Ryan was going to possibly step down in the new year. can we get that lucky?

    • Theo Stall

      be careful what you wish for…..

    • Leonard Ross

      Where did you hear this Rumor. FACTS? ARE YOU LYING? A LIB? STOP SPREADING FALSE LIES , GO BACK TO CNN YOU LIB. LYIER. B.S. NICE TRY LIB….

  • REM

    If a person can actually deduct the entire property tax and not some reduced formula this sounds pretty good.
    Also I would like to see if there is a break on self employment tax.

    • Ken

      Like always, it will be either be the Schedule A or the standard deduction. My guess is that only in the early years of a large purchase will the interest top the new standard deduction. As it is now, the last 8 years of our mortgage interest was not enough to use the long form, and now the deduction is double.

      • REM

        Thanks for the information Ken. I wonder if self employment tax will decrease.