Collins announces support for GOP tax bill
Source: Bangor Daily News
U.S. Sen. Susan Collins said Monday that she will vote for the Republican tax bill package when it returns to the Senate later this week.
The bill contains three amendments that she sought, but repeals the Affordable Care Act mandate that individuals have health insurance or pay a penalty and its uncertain whether House Republicans will go along with offsetting changes supported by Collins.
The nearly 1,100-page bill from a House and Senate conference committee was released on Friday. Collins was one of the final Republican holdouts on the bill, which would reduce individual tax rates and lower the corporate tax from 35 percent to 21 percent.
The Joint Committee on Taxation estimated that an earlier Senate tax plan would increase the federal deficit by $1 trillion over 10 years. A preliminary analysis on Monday from the conservative Tax Foundation pegged the plan with a lower price tag, but it still cast doubt on Republican claims that the tax cuts would pay for themselves.
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Read more: http://bangordailynews.com/2017/12/18/politics/collins-announces-support-for-gop-tax-bill/
Yay Suzie
To mortgage Maine kids ye unborn.
To kill SS and Medicare for Maine Seniors today
To give fat Cats tax breaks they don't need.
FUCK YOU
avebury
(10,952 posts)dalton99a
(81,515 posts)So predictable
vi5
(13,305 posts)I keep asking this but am not really getting any answers.
If it is passing through reconciliation doesn't it have to be deficit neutral?
I keep hearing/seeing about how much this adds to the deficit. Is it because of benefit/safety net cuts? I keep hearing they are going to do that "once the deficit balloons" or goes up.
But doesn't it have to be deficit neutral to go through reconciliation? Or are the cuts built in?
Or are they ramming this through the same way they did Gorsuch which is pretty much just doing whatever the fuck they want? Are Democrats holding them to having to do this through reconciliation?
dhol82
(9,353 posts)Soulless ghouls.
bdamomma
(63,869 posts)pu**y grabber go ahead I hope your constituents will not re-elect her
Va Lefty
(6,252 posts)NOT
SummerSnow
(12,608 posts)kacekwl
(7,017 posts)This dosnt apply to only whore Collins but all the other whores in government. Male and female.
atreides1
(16,079 posts)At least Corker is getting something for his vote...all Collins is getting, is a promise that everyone knows McConnell has no power to make, much less keep!!!
question everything
(47,486 posts)He has his targets on several races.
TomCADem
(17,387 posts)Trump and Republicans in the Senate treat her like a doormat, and despite her posturing, she still ends up selling out her constituents.