If you can’t see the tweet, I’m sorry. I’m not typing it out.
I clicked on it just to see how long that account existed and if it was created just for this. And indeed, yes -- this is its only Tweet and it was created December 2017.
Does anyone know where they ended up landing on the backdoor fetal personhood via the 529 plans?
There are like no details of what they’ve hashed out in conference but I believe this was thrown out as it doesn’t meet the Byrd rule criteria? seeyalater52 could probably confirm
Does anyone know where they ended up landing on the backdoor fetal personhood via the 529 plans?
There are like no details of what they’ve hashed out in conference but I believe this was thrown out as it doesn’t meet the Byrd rule criteria? seeyalater52 could probably confirm
I actually think this made it through Byrd in the Senate, although I’m not sure if that was because it’s not Byrd-able, or because no one realized it was in there in time to challenge it. It seems suspicious to me so I kind of doubt it will be in the final bill but who knows.
There was another life begins at conception type criteria that did get thrown out.
Do you know if something like this would apply retroactively (if it was taken out)? We bought a plug in hybrid 6 months ago with the expectation of getting that $4500 credit this spring.
There are like no details of what they’ve hashed out in conference but I believe this was thrown out as it doesn’t meet the Byrd rule criteria? seeyalater52 could probably confirm
I actually think this made it through Byrd in the Senate, although I’m not sure if that was because it’s not Byrd-able, or because no one realized it was in there in time to challenge it. It seems suspicious to me so I kind of doubt it will be in the final bill but who knows.
There was another life begins at conception type criteria that did get thrown out.
Thanks for the clarification! I thought something about life beginning at conception was thrown out. I guess those fuckers just put it in as many times as they could.
Do you know if something like this would apply retroactively (if it was taken out)? We bought a plug in hybrid 6 months ago with the expectation of getting that $4500 credit this spring.
The House's proposed bill ended EV incentives when 2017 ends (your credit would presumably be safe).
Yes. But given the bill was probably going to pass anyway I am glad it got made just a smidge less awful.
Of course I say that without any knowledge of the pay-fors the bill has to pay for all the pricey changes.
It looks like they’re going to let the individual tax cuts expire even earlier as the major pay-for for most of the changes in this bill but I cant confirm that since I havent seen the bil yet.
Any intel when the bill will drop? Totally self interested ask - if it’s tofay before 6 it will be a late night for dh (tax journalist).
We are not expecting to see bill text until this evening or possibly over the weekend, Monday is probably the latest.
Sorry for your H, it’s going to be a loooooong weekend and week.
Oooh....I really hope it's tomorrow b/c regardless his vacation starts after today. But if it's tonight, it'll be a long night. I guess I can just watch Hallmark Christmas movies and drink while he works.
Taxpayers would be able to deduct state and local taxes and property taxes up to $10k.
Corporate rate at 21%
Corporate amt is gone per a number of sources
Individual AMT is questionable but could probably be tweaked if it stays in.
Timeline for this is in flux. Not sure which house or senate will vote first. Likely Tues or Wed. Pres could sign Thurs or Friday.
This would impact financial statement purposes because we (corporate) would need to take this law into account by year end- which is huge for the end of the year. (We do have draft #’s at my company but since we don’t know the full details this sucks.)
Pence is delaying his out of country trip so he can stay here and vote if needed.
Post by seeyalater52 on Dec 15, 2017 14:28:40 GMT -5
We are very sure the Senate is going to vote first just to be solid that nothing gets Byrded out before he House votes to avoid them having to re-vote.
Rubio said he’s happy with the increased refundable child credit and will vote yes
I’m surprised they even gave it to him given that he was never going to vote no. It’s good PR for them though because now everyone is going to be talking about how it is just a little bit better and ignoring the ways this new version still screws everyone just as much as the old one did.
Post by seeyalater52 on Dec 15, 2017 15:52:10 GMT -5
Spoiler alert: they’re all a yes. Not a single one of them actually wants to stand in the way of this passing no matter how much they whine or carry on about whatever it is they want or don’t want.
On my webinar 1/3 of the viewers responded that when the Democrats are in power, the major “accomplishments” of this bill will likely change. The hosts all were pretty honest about how quickly this is going and how many regs and corrections will come out of this. They said there are 80 spots in here that essentially say “wait for the treasury regs to come out to tell you how to implement this” and that this is difficult for corporations because of planning and making guesses at wtf they want to do.
On my webinar 1/3 of the viewers responded that when the Democrats are in power, the major “accomplishments” of this bill will likely change. The hosts all were pretty honest about how quickly this is going and how many regs and corrections will come out of this. They said there are 80 spots in here that essentially say “wait for the treasury regs to come out to tell you how to implement this” and that this is difficult for corporations because of planning and making guesses at wtf they want to do.
That is the silver lining about taxes - so much will be decided ultimately in regulation. And most of it could be undone if Dems got a large enough majority. It sucks but if I had to choose between this and something like a Medicaid block grant that really can’t be fixed down the road I’m happy they moved on to this.