With Nation Transfixed By Kavanaugh Monstrosity, House GOP Votes to Give Rich Another $3 Trillion in

[jodymarie aimee]

With Nation Transfixed By Kavanaugh Monstrosity, House GOP Votes to Give Rich Another $3 Trillion in Tax Cuts


by Jake Johnson, staff writer COMMON DREAMS Sept28 2018

With the nation's attention rightly transfixed by the Senate GOP's monstrous efforts to ram through a Supreme Court nominee who has been credibly accused by multiple women of sexual assault, House Republicans on Friday voted overwhelmingly to approve another $3 trillion in tax cuts for the wealthiest Americans just weeks before the November midterms.

no link...just google COMMON DREAMS

[procon]

1. How are they paying for all this?

Do the consequences even matter to them any more?

[alwaysinasnit]

3. I think the Repugs have stopped even pretending they are deficit hawks. Their base apparently are

uninformed about it or simply don't care.

[Guy Whitey Corngood]

4. But just wait til a Democrat gets in there and they'll be crying about "raping

our children's future" or some shit. This is the biggest collection of shameless ass clowns I've ever witnessed.

[alwaysinasnit]

5. You'll get no argument from me. Heck, they will probably yowl even louder than before.

[Demovictory9]

9. they arent. Just trying to get as much money to the rich as fast as possible

[Kaleva]

2. They probably passed another bill eliminating Obamacare too.

What's passed in the House isn't guaranteed passage in the Senate.

[klook]

6. Link

https://www.commondreams.org/news/2018/09/28/nation-transfixed-kavanaugh-monstrosity-house-gop-votes-give-rich-another-3-trillion

[progree]

7. Plenty more at MSM websites -- Google: House Tax Cuts

One example:
https://www.cnbc.com/2018/09/27/house-poised-to-pass-tax-cut-bills-despite-unlikely-senate-vote.html

House passes tax-cut bills despite unlikely Senate action, CNBC, 9/27/18

... Among other changes, the bills would make recently enacted tax cuts for individuals permanent, expand retirement and education accounts and create tax-advantaged Universal Savings Accounts.

While supporters say a second round of tax cuts would lead to continued economic growth, critics point to its $627 billion price tag over the next 10 years, based on an analysis by the Joint Committee on Taxation. That's on top of the $1.5 trillion the already-passed cuts are projected to cost during the same period.

"The Senate is not expected to debate these bills," said Nicole Kaeding, director of federal projects for the Tax Foundation, a nonpartisan tax-policy research group.

She said, however, that several of the legislation's retirement-related provisions are similar to an existing bipartisan bill in the Senate that could be considered later this year.

That bill, the Retirement Enhancement Security Act (S. 2526) would remove the 70½ age limit for making contributions to traditional individual retirement accounts and would make it easier for small businesses to band together to offer 401(k) plans, among other provisions.

Lots more details at link

[progree]

8. The original source of the numbers - Jeff Stein in Washington Post, citing the Tax Policy Center

https://t.co/DPA5jRkcPr

... The second round of cuts would cost $631 billion before 2028 and an additional $3.15 trillion in the decade after that, according to the Tax Policy Center. The finding was somewhat larger than the $2.4 trillion cost over 10 years projected by the Tax Foundation, a conservative think-tank.

... TPC also found that the law would give a substantially bigger tax breaks to the richest families over those in the middle class. The richest 1 percent of filers would see an average tax cut of $40,000, while those in the middle 20 percent of earners would see an average cut of $980, TPC said.

[Achilleaze]

10. Another Greed Grab for rich republicans. Piss for American citizens.