Now that they broke the ACA by repealing the individual mandate they're claiming they HAVE to repeal the rest of it because it won't work anymore! FML.
Post by sofamonkey on Dec 20, 2017 11:40:54 GMT -5
So, when does the house vote on this? Also, was the full CBO scoring ever released?
Also, what happens if they get it through and then change their minds? Is there any way to stop it from happening? I’m thinking of the instance of them pushing hard to get the ability to sue overseas passed and Obama warned them not to, then finally saved their asses and stopped it. (Yes, I realize that’s the super truncated version, but I’m hoping y’all remember this) I know THIS president won’t likely stop this from happening, but can the house or senate repeal or halt it before it goes into action?!
So, when does the house vote on this? Also, was the full CBO scoring ever released?
Also, what happens if they get it through and then change their minds? Is there any way to stop it from happening? I’m thinking of the instance of them pushing hard to get the ability to sue overseas passed and Obama warned them not to, then finally saved their asses and stopped it. (Yes, I realize that’s the super truncated version, but I’m hoping y’all remember this) I know THIS president won’t likely stop this from happening, but can the house or senate repeal or halt it before it goes into action?!
The final House vote should be underway shortly. There will be a press conference at 1pm at the white house, so if they haven't voted yet (I'm in a meeting) it should be wrapped up by then.
There's not really any way this could be stopped before it goes into effect beyond the president vetoing it, which obviously will not happen. It is effective as of 1/1/2018. Later down the road the House and Senate and a new president could potentially reverse it or replace it with a new and different piece of legislation but that would require a new president as well as substantial shifts to the Democratic side in the House and Senate, which I don't think are forthcoming.
I was just forwarded an email from a big 4 accounting firm. They said that the White House is evaluating the possibility of signing the bill in January. The delay would be tied to the application of the “PAYGO” (which I know nothing about but have heard that term from seeyalater52) rules and the need to obtain a waiver of the rules to avoid Auto sequestration cuts in entitlement programs (I.e Medicare). Signing in 2018 could delay the trigger until 2019 and it’s been anticipated that the waiver would be included in the govt funding bill that is to be acted on by end of week. Unsure if dems would support the paygo waiver.
Edit: no link since I revived this via email but a coworker said it was also mentioned in the Wall Street journal. Not sure if 45 would give a flying fuck about paygo and want to sign it for optics on 12/25 or before as a Christmas present.
I was just forwarded an email from a big 4 accounting firm. They said that the White House is evaluating the possibility of signing the bill in January. The delay would be tied to the application of the “PAYGO” (which I know nothing about but have heard that term from seeyalater52 ) rules and the need to obtain a waiver of the rules to avoid Auto sequestration cuts in entitlement programs (I.e Medicare). Signing in 2018 could delay the trigger until 2019 and it’s been anticipated that the waiver would be included in the govt funding bill that is to be acted on by end of week. Unsure if dems would support the paygo waiver.
Edit: no link since I revived this via email but a coworker said it was also mentioned in the Wall Street journal. Not sure if 45 would give a flying fuck about paygo and want to sign it for optics on 12/25 or before as a Christmas present.
We are hearing the same thing. It looks like the White House is leaning toward signing in January but who knows since Trump is always such a wild card. We don't have any updates about whether Dems will support the PAYGO waiver in the CR. Right now it's looking like they'll probably just pass the CR instead of doing the budget and table anything that was supposed to be riding on it (PAYGO, CHIP reauthorization, DREAM act, etc.) until Jan 19th but perhaps they can hammer something out by Friday. If it's just the CR I haven't heard much chatter about them waiving PAYGO since that is more complex than the CR which is meant as a placeholder.
Post by karinothing on Dec 20, 2017 12:45:30 GMT -5
Has anyone seen what the SALT deduction is for those who file married filing separate. I heard that it is 10K for individuals and married filers, but 5K for MFS. I wasn't sure if that was 5K pp or 5K total.
Has anyone seen what the SALT deduction is for those who file married filing separate. I heard that it is 10K for individuals and married filers, but 5K for MFS. I wasn't sure if that was 5K pp or 5K total.
Has anyone seen what the SALT deduction is for those who file married filing separate. I heard that it is 10K for individuals and married filers, but 5K for MFS. I wasn't sure if that was 5K pp or 5K total.
I don't see where it says that. But it is possible I am blind. I am still not sure if that is PP or together. Like the dependent care savings account is noted to be 2500 cap for MFS, but that is really 2500 per person.
I don't see where it says that. But it is possible I am blind. I am still not sure if that is PP or together. Like the dependent care savings account is noted to be 2500 cap for MFS, but that is really 2500 per person.
If you plug in your data and indicate MFS, the numbers that come back will say SALT capped at $5K.
I don't see where it says that. But it is possible I am blind. I am still not sure if that is PP or together. Like the dependent care savings account is noted to be 2500 cap for MFS, but that is really 2500 per person.
If you plug in your data and indicate MFS, the numbers that come back will say SALT capped at $5K.
Okay, still not clear to me if that is for both folks or separate, but I am going with separate because I don't want to think of the other possibility lol.
If you plug in your data and indicate MFS, the numbers that come back will say SALT capped at $5K.
Okay, still not clear to me if that is for both folks or separate, but I am going with separate because I don't want to think of the other possibility lol.
I would also assume separate but honestly, they prob don’t even have verbiage in the bill about any of this (or if so, they copied/paste from something else like FSA limitation for MFS). Especially since a single filer could get $10k; I wouldn’t think (haha, that’ll bite me in the butt) you’d be limited to only $5k for you and $0 for your spouse.
Okay, still not clear to me if that is for both folks or separate, but I am going with separate because I don't want to think of the other possibility lol.
I would also assume separate but honestly, they prob don’t even have verbiage in the bill about any of this (or if so, they copied/paste from something else like FSA limitation for MFS). Especially since a single filer could get $10k; I wouldn’t think (haha, that’ll bite me in the butt) you’d be limited to only $5k for you and $0 for your spouse.
Right? That would suck lol. Although it looks like DH is going to save a ton of money under this plan that it doesn't even look like the lower SALT deduction cap matters. What a F' up bill.
I’m on (another) webinar and the speakers are saying that the technical corrections are unlikely because the GOP refused to help the dems fix the ACA, so turnabout is fair play. Second- in this bill the IRS is given over 100 explicit grants of reg authority - and they have a requirement to cut 2 regs for every one they publish *tears* and that taxpayers may be on their own in many areas for a couple of years.
Although, wouldn't it be a riot if Trump continued his "It's fun to shake things up and have people hate me" routine and unexpectedly vetoed the bill?
(I know that will never happen.)
A girl can dream!
Actually, I'm not sure I'd be too shocked if he did that. He's such a loose cannon and he's been really pissed because people are increasingly speaking out against him. If he was smart, he'd figure out what this really means for his base, make a huge deal about it, get them all riled up about how he's looking out for them, etc. However, since he and his family will benefit significantly from this, and he only cares about his personal financial gains, I highly doubt it.
But for now, I'm hoping his pettiness shows here. Someone should compile all of the anti-Trump comments from the GOP over the last two and a half years and send them to him repeatedly. Remind him how much they hate him (even if they've flipped now), and maybe he'd decide to punish them by vetoing this.
I know this is not reality, but I'm hoping for it anyway!
I’m on (another) webinar and the speakers are saying that the technical corrections are unlikely because the GOP refused to help the dems fix the ACA, so turnabout is fair play. Second- in this bill the IRS is given over 100 explicit grants of reg authority - and they have a requirement to cut 2 regs for every one they publish *tears* and that taxpayers may be on their own in many areas for a couple of years.
I don't think the regs "requirement" is a real requirement? It's just some bullshit posturing thing that makes no sense as far as I know. Now, that doesn't mean that they're going to issue regs that are timely or adequate (or at all) but I don't think this is really the reason why they won't do it.
I’m on (another) webinar and the speakers are saying that the technical corrections are unlikely because the GOP refused to help the dems fix the ACA, so turnabout is fair play. Second- in this bill the IRS is given over 100 explicit grants of reg authority - and they have a requirement to cut 2 regs for every one they publish *tears* and that taxpayers may be on their own in many areas for a couple of years.
I don't think the regs "requirement" is a real requirement? It's just some bullshit posturing thing that makes no sense as far as I know. Now, that doesn't mean that they're going to issue regs that are timely or adequate (or at all) but I don't think this is really the reason why they won't do it.