Finally!
Check out this report about the tax reform bill, which passed in Congress early Saturday morning, after multiple amendments.
overhaul of the tax code early Saturday morning, moving one step closer to
sending the bill to President Donald Trump’s desk for his signature.
Of course it's contentious. Corporate lobbyists and special interests want more of our money in Washington. They have no interest in less money for themselves and their pet projects.
As expected, Democrats voted against the tax reform.
But one Republican also voted no.
Who was it?
Republican, Sen. Bob Corker, voting against it.
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wealthy and corporate backers at the expense of lower-earning people.
Guess what liberal Democrats, the "wealthy" are paying the freight in this country. An unprecedented 40-50% of Americans are not paying taxes at all.
Of course they are going to see a tax cut. This "eat the rich" rhetoric is getting old, and even the finance committee chairman Orrin Hatch finally took a stand against it. "I am so tired of that crap!" Hatch announced
people need,” said Senate Minority Leader Chuck Schumer, D-N.Y.
boon for the middle class, despite several independent analyses that found it's
skewed toward corporations and the wealthy. Two-thirds of middle-class earners
would see tax increases, according to the nonpartisan Tax Policy Center.
No they would not. The biggest gripe has focused on the removal of the SALT deductions, but the reduction in the federal tax rate is great enough to compensate for the removal of the SALT. Besides, the states where people have benefited the most from SALT deductions are high-tax blue states. Frankly, the rest of the country and its taxpayers should not be carrying the weight for these states.
How about New Jersey, California, and Hawaii stop taxing people excessively in the first place? For more information on why this tax reform bill is a boon and not a bane, check out Heritage Foundation Economist Stephen Moore's speech to the California Republican Party convention:
including a $10,000 property tax deduction to appease the concerns of Sen.
Susan Collins of Maine.
address his concerns on the small-business tax, known as pass-throughs.
support the bill, citing his remaining concerns over its impact on the deficit.
am not able to cast aside my fiscal concerns and vote for legislation that I
believe, based on the information I currently have, could deepen the debt
burden on future generations," he said in a statement.
I highly doubt this. I actually believe that Corker was looking for any way he could to spite President Trump. Nothing more.
Final Reflection
What has finally gotten the US Senate cracking on serious legislation? Jitters about Election 2018, specifically the loss of one-time McConnell ally Luther Strange. Judge Roy Moore is going to replace him in the United States Senate, in spite of the worst-laid plans of evil men and minions throughout the corrupted national media and the Potomac Beltway.
Republicans are looking pretty weak in the House right now, where Democrats are very likely to upend and take over the seats. That would not be good, and as for the US Senate, they will face a torrent of anti-DC animus and risk every more seats if they can't get their act together.
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McConnell probably senses that his time is short, and the Media-Establishment war he was hoping to win–he will not win this time. The nature of Congress is changing so rapidly now, and the "sheep are no longer asleep."
Besides, McConnell is going to have a caucus of conservative Republicans pushing back at his lack of leadership, and whatever he hopes to hold onto in any way will all come crashing down around him if he can't get anything done for the President, for the MAGA Agenda, and for what We the People sent them to accomplish!