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Started By
Message
So trump tax plan the law of the land for 10 years, correct?
Posted on 4/27/17 at 11:43 am
Posted on 4/27/17 at 11:43 am
Only needs to pass congress with majority vote than it last for 10 years before it reverts back to today's tax rates. So the question is will the GOP in congress f over trump and not pass it? Pretty funny when anybody in congress talks about the debt. 
4
Posted on 4/27/17 at 11:44 am to jb4
quote:Pretty sure it would need more than a simple majority vote. No?
Only needs to pass congress with majority vote than it last for 10 years before it reverts back to today's tax rates. So the question is will the GOP in congress f over trump and not pass it? Pretty funny when anybody in congress talks about the debt.
Posted on 4/27/17 at 11:45 am to jb4
quote:
Only needs to pass congress with majority vote than it last for 10 years
That doesn't make sense. You don't need a majority vote if you put a timeline on fiscal policy.
IIRC this is how the Bush tax cuts worked. They expired under Obama.
Posted on 4/27/17 at 11:45 am to mmcgrath
Reconciliation in the senate
Posted on 4/27/17 at 11:49 am to mmcgrath
Fiscal policy can be passed with a simple majority in the senate if the policy remains revenue neutral simply by reshuffling existing policy and/or by expiration. Otherwise it takes a majority (60) in the Senate to pass cloture.
Posted on 4/27/17 at 11:52 am to GumboPot
quote:
Fiscal policy can be passed with a simple majority in the senate if the policy remains revenue neutral
I can't wait for the math gymnastics that they try to show this massive tax cut as being revenue neutral.
Posted on 4/27/17 at 11:52 am to Haughton99
Or they just kill the fillbuster
Posted on 4/27/17 at 11:54 am to jb4
quote:
Or they just kill the fillbuster
Senator's can be short sighted but this would extreme even for them. They know that their majority isn't permanent and may only last a couple more years.
Posted on 4/27/17 at 11:54 am to jb4
quote:
Or they just kill the fillbuster
would be a bad idea & unprecedented in US history
using it for judicial nominations was a fairly modern invention
Posted on 4/27/17 at 11:55 am to Haughton99
quote:
can't wait for the math gymnastics that they try to show this massive tax cut as being revenue neutral.
Only way I can see it working is by increased tariffs and increase tax on wealthy but lowering tax on middle class and business. It would be more economically friendly at least.
Can spending cuts be added to make it revenue neutral?
Posted on 4/27/17 at 11:57 am to Haughton99
reasons the senate is different from the house
terms are 6 years instead of 2
Every state has 2 senators whereas the house is based on states pop
The fillbuster is a result of an error historu not some great constitutional thing, see Aaron burr farewell advice to the senate speech
terms are 6 years instead of 2
Every state has 2 senators whereas the house is based on states pop
The fillbuster is a result of an error historu not some great constitutional thing, see Aaron burr farewell advice to the senate speech
This post was edited on 4/27/17 at 11:59 am
Posted on 4/27/17 at 11:58 am to dcbl
quote:
quote:
Or they just kill the fillbuster
would be a bad idea & unprecedented in US history
One could argue, the way it's currently being utilized is also unprecedented.
I'm not necessarily arguing to "kill" the rule. I'm just saying.
Posted on 4/27/17 at 12:20 pm to GumboPot
quote:FIFY.
IIRC this is how the Bush tax cuts worked. They were scheduled to expire under Obama, but he extended most of them in 2010, then made them permanent in 2013, with the exception of the cut in the highest marginal bracket, which returned to its pre-Bush rate of 39.6%.
Posted on 4/27/17 at 12:26 pm to GumboPot
quote:
Fiscal policy can be passed with a simple majority in the senate if the policy remains revenue neutral simply by reshuffling existing policy and/or by expiration. Otherwise it takes a majority (60) in the Senate to pass cloture.
This man gets it.
Trump's budget plan, by the way, won't come close to qualifying for Reconciliation.
They may be able to claim revenue-neutral, but there are mandates in it, like the wall and ACA/AHCA changes, that are going to require it to be a new full bill.
IF... they eventually do it with just Reconciliation, it will be a mere shell of what Trump really intended to do.
Posted on 4/27/17 at 12:30 pm to jb4
quote:
Or they just kill the fillbuster
Killing the filibuster would be terribly shortsighted and in the long run I think it would benefit Dems more so than Repubs
Once the Dems have a majority in both houses and the presidency (or a supermajority) they would just pass more laws and increase social welfare. Once the general population gets a taste of more social welfare people will want more and it will be unpopular to get rid of things
For example look at social security. We all know it needs to be reformed and fixed; but most legislators don't want to mess with it because it is bad politics. You'd get more and more of these programs that will be hard to take away..
Posted on 4/27/17 at 12:35 pm to jb4
quote:
last for 10 years
WTF.
Posted on 4/27/17 at 12:40 pm to GumboPot
"Revenue"
That term, in the context of tax collections, grinds my gears.
That term, in the context of tax collections, grinds my gears.
Posted on 4/27/17 at 12:43 pm to Haughton99
quote:
I can't wait for the math gymnastics that they try to show this massive tax cut as being revenue neutral.
You know that tax rate cuts can generate more money than confiscatory rates that freeze money/activity, right? Taxpayers don't operate in a vacuum.
Posted on 4/27/17 at 12:45 pm to jb4
It is a good plan for everybody.
Posted on 4/27/17 at 12:45 pm to BeefDawg
quote:
IF... they eventually do it with just Reconciliation, it will be a mere shell of what Trump really intended to do.
They did Obamacare with reconciliation. What difference at this point does it make? Landmark, significant, generational legislation passed with reconciliation when one side had the will to do it. The other side can't even bring itself to reverse THAT thing with reconciliation.
"Just wait 'til next year!" - said every Republican lawmaker ever.
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