Lawrence O’Donnell was talking about Corker last night and he thinks Corker is setting himself up for a presidential run.
Of course he is. Corker needs to distance himself from Trump, hence the Twitter beef. But, he also needs to support his colleagues in the tax plan so he's not called a Democrat Lite during the campaign.
Someone was on AM Joy yesterday saying Corker wasn't retiring from politics; he's just quitting a job. Exactly. I've known this all along. It's a setup.
Anyone know if the proposed property and state and local income tax up to $10k deduction is $10k for property and $10k for state and local? Or just $10k total for both? If it’s for both, it’s really not anything good. In a high cost of living area, your property tax alone will be close to that $10k if it’s not over. And is it only if you have enough other deductions to itemize? Because if so, it really helps no one.
It is both combined, and only if you can itemize over the new thresholds. It modestly will probably help single filers with higher incomes and taxes. If I was single and living my exact same life, I would be over the new $12k standard deduction by July. But they've doubled the deduction threshold for married filiers while not increasing the $10k SALT limit at all, so there is a fun marriage penalty component associated with it in addition to it being downright ridiculous.
That’s what I was gathering, but it was late and I wanted to be sure I was understanding correctly.
That seems to bode poorly for how he is doing. He's not that far away at Walter Reed -- so you'd think if he was able to go he would.
Unless since they think this will have "extra" votes he decided not to go -- even though he could -- since he is still feeling under the weather and hes not running for office again.
ETA: didn't see the article about him going back to Arizona till after I posted. I feel like that bodes *really* bad for how he is doing. He's leaving before the tax and the CR vote. That seems like something you do only if you feel like you need to spend every second with folks at home because you feel like time is short.
I just read that about McCain too. Horrible but I’m glad he’ll be around family. It’s just the worst time of the year for something this bad to happen.
Although, I assume that would mean they are confident in the votes without him
I just read that about McCain too. Horrible but I’m glad he’ll be around family. It’s just the worst time of the year for something this bad to happen.
Although, I assume that would mean they are confident in the votes without him
They are definitely passing this with or without McCain.
I’m also not exactly thrilled thinking about who Ducey is going to appoint to this seat so I’m kind of hoping McCain refuses to resign. #selfish
Post by miniroller on Dec 18, 2017 10:32:35 GMT -5
Republicans know the math in the #GOPTaxScam doesn't work. They know that either: —there will be deep (and very unpopular) cuts to Social Security; OR —Democrats will clean up their mess by raising corporate taxes in 2019/21 (which the GOP will, of course, complain about).
Post by miniroller on Dec 18, 2017 10:39:56 GMT -5
What a pity you can't win over Dem. hearts for a tax plan that will benefit your family greatly at the expense of many others. So sad. IRT:
Ivanka Trump on Democrats not supporting tax reform: "We've had a lot of very productive conversations with Democrats who I believe are intellectually there. Their hearts are there but the party's not there and the leadership's not there."
Post by miniroller on Dec 18, 2017 10:41:26 GMT -5
Even the Tax Foundation, which has been hugely (and implausibly) bullish on tax cuts, is now predicting less than 0.2% per year additional growth from the #TaxScam
Post by miniroller on Dec 18, 2017 10:57:13 GMT -5
The Senate tax bill was scored as adding $1.497 trillion to the debt—keeping the bill below the $1.5 trillion threshold that would require 60 votes to pass
With all the goodies added to the conference bill, it's hard to see how it doesn't exceed the $1.5 trillion Byrd threshold
The Senate tax bill was scored as adding $1.497 trillion to the debt—keeping the bill below the $1.5 trillion threshold that would require 60 votes to pass
With all the goodies added to the conference bill, it's hard to see how it doesn't exceed the $1.5 trillion Byrd threshold
Didn't they make the individual tax cuts expire even earlier to pay for it? Or was I hallucinating that?
The Senate tax bill was scored as adding $1.497 trillion to the debt—keeping the bill below the $1.5 trillion threshold that would require 60 votes to pass
With all the goodies added to the conference bill, it's hard to see how it doesn't exceed the $1.5 trillion Byrd threshold
Didn't they make the individual tax cuts expire even earlier to pay for it? Or was I hallucinating that?
I definitely remember reading this, but assumed it was something that was destroyed in the last minute scratches & scribbles..? (But as amenable as it may seem, I bow down to the expert & assume you know more- HA!)
Post by miniroller on Dec 18, 2017 11:10:46 GMT -5
Hey @senbobcorker - maybe instead of writing a letter to Hatch asking questions, write a letter to yourself asking yourself why you abandoned your principles? #CorkerKickback
Didn't they make the individual tax cuts expire even earlier to pay for it? Or was I hallucinating that?
I definitely remember reading this, but assumed it was something that was destroyed in the last minute scratches & scribbles..? (But as amenable as it may seem, I bow down to the expert & assume you know more- HA!)
I've given up looking at the details and am moving on to mobilizing my army for post-vote blaming and shaming and general harassment.
I do not believe the individual portions phased out any earlier in this conference bill. (It’s not my area of expertise but I recall seeing a chart that all individual changes sunset on 1/1/26).
I’m also unsure how this meets budget, especially with the 20% pass through deduction that now includes real estate professionals (like trump and corker). Plus the additional refundable child credit, the Corp rate cut in 2018 (vs 2019)... although the increase from 20% to 21% for all the years may make quite a bit of $$$ appear. Just not sure it can offset everything.
I'm seeing the Collins is undecided until she's read the whole thing on my local FB action page. If McCain isn't voting that just means two people would have to flip, right? Is that true? Are people still trying? I feel like this has lost traction. I know I'm feeling burned out with this, but I'll start to hustle like it was Graham-Cassidy again if there's any hope.
I'm seeing the Collins is undecided until she's read the whole thing on my local FB action page. If McCain isn't voting that just means two people would have to flip, right? Is that true? Are people still trying? I feel like this has lost traction. I know I'm feeling burned out with this, but I'll start to hustle like it was Graham-Cassidy again if there's any hope.
Collins is not really undecided. She is probably your best bet if you are her constituent and want to feel like you’re doing something. They would need 2 to flip without McCain and right now they have 0 defectors and it’s going to sail through.
The difference between this and Graham-Cassidy is that the math isn’t there. On GC the margin was close enough to warrant action up until the end and messages driven by constituents were prompting skepticism and responses from Senators on the fence. We have absolutely no traction here. It sucks but it’s not for lack of trying, taxes just aren’t a wedge within the party the way Medicaid was.