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Cinnamon

"A Potential Nightmare Scenario For The GOP": Tax Vote Delayed To Friday; May Include $350BN In New Tax Hikes

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Update: The Senate tax plan roll vall vote which was widely expected to take place on Thursday evening, has been pushed back to 11am on Friday following the collapse of the "Trigger" compromise (discussed below) to win a majority for a Senate tax overhaul left Republicans scrambling to salvage the legislation, Bloomberg reports. While debate over the bill may continue into the evening, McConnell said. It’s unclear when the unlimited amendment vote series known as “vote-a-rama” would begin.

"For the information of all senators, the Senate will continue to debate the bill tonight. The next roll call votes will be at 11 a.m tomorrow morning," Mitch McConnell announced Thursday night. The decision to skip a late-night session came as deficit hawks, led by Bob Corker pushed for a guarantee that the Senate tax legislation won't increase the deficit. In its current format an analysis released late on Thursday found tax reform would cost $1 trillion.

As Bloomberg explains:

"the day’s events left GOP leaders contemplating a variety of potentially unpalatable measures -- including making some tax cuts on the individual and corporate side end within six or seven years. The current version of the Senate bill would sunset individual breaks in 2026."

And the punchline: "It’s a potential nightmare scenario for Republicans, who have been counting on a tax overhaul to be their first major legislative accomplishment of the year. The party is under enormous pressure to complete the tax measure with less than a year to go before the mid-term elections and with wealthy donors and large corporations demanding tax rate cuts."

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http://www.zerohedge.com/news/2017-11-30/senate-bill-nearly-killed-deficit-hawks-will-include-350-billion-new-tax-hikes

Where the hell were they when the debt was being run up to 20 TRILLION dollars? I hate these people! 

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1 hour ago, TheToolman said:

I guess it doesn't matter does it.  $100b here and $100b there.  

Funny to me when it comes to giving the people a break from their robbing and thieving, they actually count NOT taxing people as  LOSS! WTF is that? 

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The year is over, they made NO accomplishments except another record theft in obamacare cash, jeff sessions has accomplished nothing but writing some for-show letters and measely, infested, infected, street killers are more man than both put together and the congress. They wasted this whole year grifting on dope and health care trying to make us do civil war so they can grift some more. They will be replaced.

Trump can't brag about this year either. San francisco mocks him.

Edited by Curenado
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25 minutes ago, Cinnamon said:

Funny to me when it comes to giving the people a break from their robbing and thieving, they actually count NOT taxing people as  LOSS! WTF is that? 

wasn't gonna post anything and go to bed soon.

I say we just go 1776 on thier ass's tbh, just sayin

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8 hours ago, TheToolman said:

I guess it doesn't matter does it.  $100b here and $100b there.  

And eventually a couple trillion here... And a couple trillion there. Inflation's a b*tch!

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 See what it does for our taxes in year 2, 3 and beyond.  It probably will end up hurting the middle class in the long run.

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