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DonViejo

(60,536 posts)
Mon Nov 27, 2017, 02:53 PM Nov 2017

As Vote Nears, GOP Senator Warns Tax Bill Ignores 'Debt And Deficit Issues'

Source: Talking Points Memo




By ALICE OLLSTEIN Published NOVEMBER 27, 2017 12:43 PM

With a vote on the controversial Republican tax bill expected in the Senate later this week, GOP leaders are furiously whipping the handful of lawmakers who could make or break the bill’s success. But for every vote they pull on board, more seem to fall off the wagon.

On Monday, yet another Republican senator aired concerns about the bill, particularly estimates that it would balloon the federal deficit by $1.2 to $1.4 trillion. Sen. James Lankford (R-OK) told reporters in a Capitol Hill press conference that he’s skeptical the promised economic growth will fill that hole, and refused to say how he will vote on the tax bill itself.

“What if we don’t get 0.4 percent growth? Is there any backstop?” he asked. “I’m not opposed to tax reform, but we need to do it right.”

Lankford also suggested that conservatives who have long railed about the size of the federal deficit are acting hypocritically by backing the deep tax cuts without corresponding spending cuts.

Read more: http://talkingpointsmemo.com/dc/lankford-tax-bill-deficit

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Eliot Rosewater

(31,113 posts)
1. I have a simple idea, vote for it and start a
Mon Nov 27, 2017, 02:56 PM
Nov 2017

ahh shucks

I dont mean that...I mean sure, it will destroy the lives of over 100 million citizens, but we will just sit here and take it.

Cuz THAT is the murikan Way, by golly!

Fred Sanders

(23,946 posts)
3. The CBO report pointing out the tax bill lies being told has hit like a sledge hammer. No
Mon Nov 27, 2017, 03:01 PM
Nov 2017

wonder Mitch is again peeing on democracy to rush this abomination through. The Rich and donor s demand payback for their bribes.

Stuart G

(38,439 posts)
4. A brand new one that may be against this monstrosity !!!!!!!!!!!!
Mon Nov 27, 2017, 03:03 PM
Nov 2017

Hurrah for the good, honest, guys and girls with bright silver stars on their chests...

Boooooooooooooooooo!!!!!! for the "Bad Guys & Girls" who talk about the..."deficit" and talk that way only when
Democrats like Obama (Obama was sheriff once) are running things...perhaps,

just perhaps...this fellow from OK,,,,Lankford
could be ok..... on this one...just this one..

...............maybe????.....

FakeNoose

(32,703 posts)
5. Truth is, only 2 kinds of people will vote FOR this "tax reform" bill
Mon Nov 27, 2017, 03:13 PM
Nov 2017

... complete idiots, or bought-and-paid-for politicians.



FakeNoose

(32,703 posts)
9. Yes please share this everywhere
Mon Nov 27, 2017, 03:18 PM
Nov 2017

I found this on Twitter and I'm putting it on DU for everyone to see.

turbinetree

(24,710 posts)
6. Axios has a good comparison on its site as to what happens in 2019, 2025, 2027
Mon Nov 27, 2017, 03:13 PM
Nov 2017

Senate moves ahead with politically risky tax bill


The Senate GOP tax bill gives most wealthy people substantial tax cuts — although plenty of other people will get tax cuts as well, especially in the early years. While this seems to be making the bill unpopular with the public, Republican senators are going all out to pass the bill this week anyway, desperate to get a legislative win.


Data: Tax Policy Center; Chart: Lazaro Gamio / Axios


https://www.axios.com/


Let the middle class eat cake basically...................if you can afford the cake, and if your on, ChiPs, social security Medicare, and Medicaid-----------




Alice11111

(5,730 posts)
8. This is hardly even 1st page news, but it changes the
Mon Nov 27, 2017, 03:18 PM
Nov 2017

the class structure of society, and makes it very diffcut for the masses to get educated, among dozens of other inequities.

It also makes it difficult for the rich to pay taxes...no ATM, alternative minium tax, which is all that many pay, when they deduct away their income. Trump paid it in his for show tax release, that he surely leaked himself. Doubles... the estate tax exemption. No tax their unless you and your rich wife have over $22 million.

Congratulatons Repubs for keeing the largest realligment of easy wealth v lifetime heavy burdens, for little kids to striving parents and the disabled, under wraps! Your egregious lies helped too.


Bye, bye, Miss American pie.

 

7962

(11,841 posts)
10. Of course it ignores the debt. Everyone always does.
Mon Nov 27, 2017, 04:43 PM
Nov 2017

Yes, BOTH parties. No one will do the heavy lifting it would take to pay down the debt. Pres Obama commissioned a panel to find the best ways to pay it down. They released their report of what needs to be done, and everything was ignored by both parties because its not easy.
And we can scream "tax the rich!!" all we want, there aren't enough of them to pay down the debt even if their income tax rate really was 90%.

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