Friday, October 20, 2017

Tax Cuts one step closer...

Senate Republicans passed a budget resolution Thursday evening, clearing a significant hurdle and setting up the process to consider tax legislation later this year.
As expected, the approval margin was narrow, 51-49, with Kentucky Sen. Rand Paul and all Democrats voting against the measure. Though the budget resolution does not become law, it is a critical step in GOP plans to overhaul the tax code this year. It sets up the process known as reconciliation, by which Republicans can bypass a filibuster and pass tax legislation in the upper chamber with just 51 votes -- a likelihood if Democrats remain united against the GOP plan.
While it would be nice to believe that the GOP and Democrats could work together on this issue, I guess you take what you can get, however it is that you can get it. That being said, just because 51 Republicans voted for the budget resolution, doesn't mean that 51 Republicans will agree on tax reform.

What I would "expect" would end up being some watered down version of the tax reform that the President and Republicans are floating, rather than the full implementation. I can already see the possibilities of John McCain  and a couple others "holding out". With Rand Paul a likely no, the GOP can only lose one other Senator and still pass through reconciliation.  

8 comments:

Commonsense said...

Trump is taking a victory dance.

He should but now the hard work starts.

Anonymous said...

Alky really in his pickled brain believe there are Moderate Dems that are willing to vote for this budget that just passed in the senate. Forget. Ignore. Or thumb suck that none did. Facts being stubborn things.

Anonymous said...

RRB, I love your idea, openly ridicule HB, using only his own words.

Anonymous said...

Senator Rand Paul yesterday on Sean Hannity radio show said he will vote for any tax cuts, he preferred big bold ones.

Anonymous said...

KD said...
RRB, I love your idea, openly ridicule HB, using only his own words.
_______________________________________________________________________________________________________________________


some of his posts from his rubber room in the hospital mental ward are fucking priceless.

commie said...

Commonsense said...
Trump is taking a victory dance.

Like busch did on the aircraft carrier with the mission accomplished sign????? How'd that work out....we are still there fighting......

Commonsense said...

Funny you mention that. Raqqa fell to US led coalition forces yesterday.

ISIS is now without a capital and a caliphate.

Too bad it took eight years longer than necessary because of Barack Hussain and Hillary Rodham Clinton.

Anonymous said...

Hillary, obama never understood their JV team, they were busy sling us assets to Putin.