Lowers individual tax rates for low- and middle-income Americans to Zero, 12%, 25%, and 35%; keeps tax rate for those making over $1 million at 39.6% – Increases the standard deduction from $6,350 to $12,000 for individuals and $12,700 to $24,000 for married couples. – Establishing a new Family Credit, which includes expanding…
Trump/GOP Tax Plan Released (Not Large Home Friendly)…
No Changes to 401(k), Doubles Deductions for Middle Class, Limits State and Local Tax…
The Tax Cuts & Jobs Act…
Angry GOP Donors Close Their Wallets…
Republicans are confronting a growing revolt from their top donors, who are cutting off the party in protest over its inability to get anything done. Tensions reached a boiling point at a recent dinner at the home of Los Angeles billionaire Robert Day. In full view of around two dozen guests, Thomas Wachtell, a retired […]
RSC chairman: McConnell Should Call It a Career…
The chairman of the Republican Study Committee says Sen. Mitch McConnell (R-Ky.) should step down as majority leader. “I think he’s a huge part of the problem,” Rep. Mark Walker (R-N.C.) told NBC News, comparing McConnell to the manager of a losing baseball team. He noted that usually when a team goes on a bad […]
Republicans Unveil Tax Plan, Call for Doubling Deduction and Cutting Rates…
Congressional Republicans unveiled a sweeping tax plan Wednesday that would simplify the tax system, cut rates and nearly double the standard deduction used by most Americans. “After a decade of lost growth, hardworking American families know the status quo is unacceptable,” Senate Majority Leader Mitch McConnell, R-Ky., said in a statement. “They want to keep […]
Senate Girds for Final Obamacare Repeal Vote…
The Senate will vote next week on the latest bill to repeal Obamacare — but the outcome is anything but certain. Senate Majority Leader Mitch McConnell (R-Ky.) plans to put a bill written by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.) to a vote, hoping that a looming Sept. 30 deadline to pass the […]
McConnell Says Dems Are in for a Disappointment with Trump Debt Deal…
Senate Majority Leader Mitch McConnell hinted Monday that Democratic leadership will not be as thrilled with the emergency Hurricane funding, government spending and debt ceiling deal they struck with the president as they initially thought. “Since I was in charge of drafting the debt ceiling provision that we inserted into…
President Trump Strikes Debt Ceiling Deal With Democrats in Exchange for Harvey Relief Funding…
Hostage negotiations are bad ju-ju, until it’s Democrats holding the hostages. You see,… today a funny thing happened on the way to the ‘Trump holds Dreamers Hostage for Border Wall Funding’ party. Apparently the ‘Democrats Held Hurricane Harvey Victims Hostage to a Debt Ceiling Deal’. Huh… funny that…
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