Senate passes $4 trillion budget in crucial step for Trump’s tax overhaul

by
October 20, 2017

Congress_Budget_14918.jpg-077d3_c0-825-2963-2552_s885x516Senate Republicans’ powered their budget through Thursday night, adopting a fiscal year 2018 plan that would clear the path to get a massive tax deal done relying only on GOP votes, setting the stage for Republicans next big-ticket agenda item.

The budget passed on a 51-49 vote. While the vote is far from a guarantee of success for tax reform, it’s a crucial first step that GOP leaders had to clear.

“Tonight we completed the first step toward replacing our broken tax code by passing a comprehensive, fiscally responsible budget that will help put the federal government on a path to balance,” said Senate Majority Leader Mitch McConnell.

Already months overdue — the fiscal year began Oct. 1 — the budget calls for about $1 trillion in discretionary spending this year, and envisions deficits of $641 billion.

75 Comments - what are your thoughts?

  • DrBillLemoine says:

    Congress, despite the rhetoric, will never balance a future budget with deficits like $641+ billion in 2018. It’s nonsense and a con job against detached and marginal thinking supporters of Trump and conservative Republicans like Ryan/ McConnell. There is nothing for their job prospects or wages or taxes in the emerging tax reform, the ‘next step’ in financial tinkering by Republicans.

    1. Retired says:

      Dr. Bull strikes again with BS . You seem to forget who created the debt. !!! You are the con man with all the garbage you post ,it is nothing but hate which you did not do for Obama or Clinton . They are the ones that created our situation that you refuse to see . Billy Boy and GW had their hand in it as well .

    2. Larry says:

      Not this Congress, that is exactly why WE THE PEOPLE need to FLUSH THEM! WE NEED BUSINESS MINDED FOLKS IN CONGRESS, AND LAWS THAT THEY MUST ABIDE BY, ANSWERING TO AMERICANS FOR ANY BRIBES, ETC., FOR THEIR VOTE. THEY MUST ALWAYS BE HELD ACCOUNTABLE. GITMO SHOULD BE THEIR FIRST STOP WITHOUT ANY APPEALS. THEY WANT TO PLAY, SO CAN “WE THE PEOPLE”, DON’T YOU LOVE HARD BALL? YOU WORK FOR US, YOU SCREW US, YOU PAY THE PRICE BIG TIME!

      1. DrBillLemoine says:

        You forget Trump was respected initially as a ‘business minded’ candidate–not worthy of consideration as we now see. Ditto, businessman Romney, businessman Bush2, and union president but later hater Reagan. Business knowledge isn’t the answer as government isn’t a business, doesn’t respond to orders a CEO throws out; ditto, military leadership which was rejected in MacArthur so many years ago, although Ike came through.
        You seem off-put by crime and corruption, like bribes. Pity you don’t see that in Trump which was apparent before his campaign or election. Blind spot you have. I’m for passing laws with accountability measures, one of my areas of expertise as a planner and professor. It doesn’t include term limits or sundown laws however. Gitmo is un-American; holding hostages without legal recourse or hope is against the constitution you SAY but dont’ agree fully. That’s government of men, not laws. It’s dictatorial; so, you are a Trump man, a chauvinist, an authoritarian, contrary to our nation’s entire establishment.
        The crux of the problem is Ryan/McConnell/Trump not heeding the wishes of Americans. Vote for that instead of some idealistic notions you have; politics is pragmatism.
        Also, consider this fact: most DC elected reps are reelected regardless of their positions on issues. Start thinking and working on that–WITHIN THE SYSTEM.
        BTW do you see now what is the place of capitals in messages?

  • mad max says:

    $4,ooo,ooo,ooo,ooo,plus a deficits of $641 billion.what kind of SOB does shit like that?

  • mad max says:

    Tyranny an the demoRATS:.

    Never forget that Stalin banned guns in 1929, then turned around and murdered over 20 million of his own people once they were defenseless!

    Hitler banned guns in 1938, then murdered 13 million people afterwards …

    And Mao Tse Tung banned guns in China, then murdered 40 million helpless citizens …

    We can NEVER let that happen in America.

  • mad max says:

    The kids filed into class Monday morning.

    They were all very excited..

    Their weekend assignment was to sell something, and then give a talk on salesmanship.

    Little Sally led off. “I sold Girl Scout cookies and I made $30” she said proudly. “My sales approach was to appeal to the customer’s civil spirit, and I credit that approach for my obvious success.”

    “Very good”, said the teacher.

    Little Debbie was next. “I sold magazines” she said. “I made $45 and I explained to everyone that magazines would keep them up on current events.”

    “Very good, Debbie”, said the teacher.

    Eventually, it was Little Johnny’s turn. The teacher held her breath.

    Little Johnny walked to the front of the classroom, and dumped a box full of cash on the teacher’s desk. “$2,467”, he said.

    “$2,467!” cried the teacher, “What in the world were you selling?”

    “Toothbrushes”, said Little Johnny.

    “Toothbrushes” echoed the teacher. “How could you possibly sell enough tooth brushes to make that much money?”

    “I found the busiest corner in town”, said Little Johnny. “I set up a Dip & Chip stand, and I gave everybody who walked by a free sample.” They all said the same thing: “Hey, this tastes like dog poop!”

    Then I would say, “It is dog poop. Wanna buy a toothbrush?

    I used the President Obama method of giving you some krap, dressing
    it up so it looks good, telling you it’s free, and then making you pay to get the bad taste out of your mouth.” LIBERALISM Is It Mental Illness or Demonic Oppression?
    .

  • mad max says:

    rocky • 5 hours ago

    In defense of Donald Trump: Try to keep these points in mind,

    Donald Trump did not steal your money.

    Donald Trump did not raise your taxes.

    Donald Trump did not quadruple the price of food.

    Donald Trump is not starting a race war.

    Donald Trump did not leave any US soldiers in Benghazi to be slaughtered and desecrated by Muslims.

    Donald Trump did not send the US Navy to fight for Syrian Al-Qaeda.

    Donald Trump did not arm ISIS and systematically exterminate Christians throughout the Middle East.

    Donald Trump did not betray Israel.Donald Trump did not let illegal Aliens in the USA,o dump@$$ an the demoRATS did. Donald Trump did not create a 20,000,000,000.000$ debt! LIBERALISM Is It Mental Illness or Demonic Oppression?

  • mad max says:

    Standing before am adoring crowd in Omaha on Monday, Hillary Rodham Clinton read from her teleprompter and shouted:

    “I’m telling you right now, we’re going to write fairer rules for the middle class, and we are going to raise taxes on the middle class.”

    The Democratic presidential nominee did not correct that statement, nor had her campaign, at this writing. Clinton’s official website claims that she wants to offer “tax relief to working families,” although it says nothing about tax cuts for Americans who are single, childless, or both.

    As of now, Clinton is on record as advocating tax hikes on America’s middle class.

    There is never a good time to raise taxes on the middle class, but now is especially bad. America’s economy is growing at just 1 percent for the first half of 2016.

    Obama’s recovery is the worst since 1949, according to The Wall Street Journal. Today’s barely measurable expansion is the weakest in 67 years.

    Real median household incomes have slipped under Obama, from $54,925 when he first was inaugurated to $53,657 in 2014. The latest Census Bureau data confirm this 2.3 percent slide.

    1. Pete Bundy says:

      That’s how she lost the coal miner vote.

  • bobnstuff says:

    The Senates budget starts out in a hole and now they are going to cut revenue. The budget passed by the House is even worse but the Republicans keep saying not to worry these budgets are meaningless. The question is why pass meaningless legislation? How are the Republicans going to keep the country out of more debt if they can’t even do it when the numbers don’t matter. For eight years the conservatives have been screaming about deficits and over spending but once again it’s business as usual.

    1. The_Frog_Prince says:

      For 8 years the Democrats ran up an additional 10 trillion to our national debt. Now sit and watch how that is turned around. You didn’t seem to care then so shut up now.

      1. bobnstuff says:

        Where in any of this is there a turn around. They are still spending more then they are taking in. Also congress controls spending so it’s been the republicans that has run up the tab for the last few years. Every time Obama sent them a budget it was DOA. All spending bills must start in the House, a republican run body for the last seven years.

        1. chw2000 says:

          Apparently you never investigated any Obama budget. Had you done that, you would know why they where ALL DOA! You’re an ass hole!

          1. bobnstuff says:

            You do know I just said all of Obama’s budgets were DOA.

          2. Retired says:

            He a democrat , so what did you expect ???

        2. The_Frog_Prince says:

          It’s called generate more revenue by stimulating the private sector, not the federal government. Some people understand that but obviously you want to keep your blinders on.

          1. bobnstuff says:

            Giving money to the rich or for that matter corporations doesn’t increase revenue, sorry we know this from history.
            https://www.cbpp.org/research/tax-cuts-myths-and-realities

          2. The_Frog_Prince says:

            We also know from your history that your opinion you present as facts. Good luck Boob.

          3. The_Frog_Prince says:

            YAWN. You don’t understand economics so buzz off.

          4. bobnstuff says:

            No I think you are the one that doesn’t understand economics or history. No one in the economic community supports trickle down economics.
            http://www.faireconomy.org/trickle_down_economics_four_reasons

          5. Retired says:

            Economics taught at liberal Universities with liberal educators . Give us a break will you .

          6. bobnstuff says:

            It’s taught at all real Universities. Do you even know what supply side economics is?

          7. Retired says:

            Yup , saw it when Texas got hit and a large bottle bleach hit $5.00 a thousand miles away . then there is Folgers Coffee 34 oz. can was $ 5.99 now a 30 oz. is $9.99 . it is called screw the public .

          8. bobnstuff says:

            In fact you are wrong.

            “Supply-side
            economics is a macroeconomic theory which argues that economic growth
            can be most effectively created by investing in capital, and by lowering
            barriers on the production of goods and services.” In other words it’s the belief that the economy is control by the manufacturers, If we make it they will buy it. The Idea that lowering taxes stimulates the economy is part of it.

            In fact you are seeing demand side economics, market driven. The laws of supply and demand. capitalism at its best. It’s called scarcity driving up the price.

          9. Retired says:

            There was no shortage of bleach just like ther was no shortage of coffee . It is evident you do not go shopping . Remember way back when they tried Wage and Price Control , the only thing that got controlled was wages . Then there was Reaganomics another failure . It is all called Screw the little guy and you know it ,but will not admit to it .

          10. bobnstuff says:

            Of course it’s to screw the little guy.

            Ever heard ofAyn Rand. She is the patron saint of the leaders in congress right now, Rand Paul got his name from her and Paul Ryan gives her books as presents to his staff. If you want to understand what the true thinking in Washington is go read her books.

          11. Retired says:

            All left wing !!!

          12. bobnstuff says:

            You think the Hill is left wing. very funny.

          13. Retired says:

            Who owns them ???? I don’t read them but I know you only read left wing stuff .

          14. bobnstuff says:

            And how do you know what I read. You think all publications are left wing.

          15. Retired says:

            Your posting gives you away , plus many others have said the same about your BS . 90% of the media is left wing and owned by left wing investors . most stuff is copied from the big ones , you should pay attention to where the article came from . Like a good Democrat you did not answer who owns them or contributes to them .The articles do not jump out of the sky . Just look at how the media played out the Vegas shooting , lots of bad writing without facts .

          16. bobnstuff says:

            Can you name any real publications that are right wing, The National Inquire doesn’t count.

          17. Ted Crawford says:

            Seriously? Your single dimensional…logic(?) is faulty, any potential gains were offset my egregiously aggressive regulatory policy changes, and increases in spending!
            The best example of governments idea of an increase in benefits, can be found with respect to Social Security. They announce a cost of living increase of say, $23 per month, HOWEVER they then announce an increase in your Medicare premium of $22.99!

          18. bobnstuff says:

            So we pull regulations of company, most are there for good reason and have gone through a lot of work passing them but remove them and see why they are there. Here is an interesting thing most of the companies that are being regulated don’t support pull the regulations. They are set up to deal with them and they level the playing field by making everyone play by the same rules. The industry that’s pushing the most for deregulation is coal and even with no regulations would still be dying. The owners are trying to squeeze the last few pennies out before it gone and in doing it they are destroying the planet. Pulling regulations will not stimulate growth in any case.

          19. Ted Crawford says:

            Current events clearly disprove that bit of nonsense. All that President Trump has been able to do with Executive Orders is to cut these ridiculous regulations and the economy is already growing at twice the rate during the Obama years!

          20. bobnstuff says:

            In fact almost all the regulations Trump cut it EO’s are sill in force, you can’t get rid of regulations with EO’s if they have been in place for over a year.

            Also what part of the economy is growing at twice the rate? Not job creation, it a little slower then before, not the GDP it’s growing about the same, The market is doing well but it has been for a long time. Most of Trumps EO’s went no where and did little.

          21. Ted Crawford says:

            Unfortunate, and here you go again off in the Progressive weed patch! I should have known better than to believe you capable of sustaining a substantive discussion! Good Day to you!

          22. Retired says:

            You keep reading the wrong media . Obama wrote a lot of EOs in his last year .

          23. bobnstuff says:

            Obama averaged 34.6 EO’s per year, so far Trump has written 51 in nine months. at this rate he will almost as many in four years as Obama did in eight. Is Trump trying for the record?

          24. Retired says:

            You left out the part that most was to get rid of O Crap . You just don’t get the fact that he wants to improve our Country . You like the business as usual???

          25. bobnstuff says:

            Most tried but failed or did nothing more the say that others should try to roll back things Obama did. Trump hasn’t figured out he can’t change laws with EO’s. His Obamacare EO is a good example. It’s a law that prevents insurance companies from selling across state lines and the only way to get rid of it is for congress to act, The rules for low cost low value policies is part of the ACA also a law.

          26. Retired says:

            You will never Convince a dye hard Democrat like bobnbullshitsky of that .

          27. Retired says:

            That is why they went to other countries and are polluting the world , you are not very bright on the subject . Corporations have no guilt feelings about that , plus they left because of Gov. regulations . The worst of the bunch are your Drug Companies .

          28. bobnstuff says:

            In fact that wasn’t a big part of out sourcing. The main reason is the conservation of capital. A company could take capital and build a new factory or they could farm the work out to another company that built the factory and will make your product. China needs full employment so the government funded the building of factories that now build the things we used to. The capital that our companies didn’t invest in production went to bonuses and stock buy backs, enriching the value of the stock and making the CEO’s and Wall St. happy but screwing the American workers.

          29. Retired says:

            For once you came up with something that is partially correct , you left out Government Controls . Then there is the Issue of Companies want Government money to build . It will be interesting to see if Foxconn actually builds once the Gov. controls pop up . Thank the NWO/OWO for what is going on which started way back with the Stock market . a license to steal from the public . The Investors [ Preferred Stock ] never loose a dime even when filling bankrupt .

          30. bobnstuff says:

            You will love this, Bill Clinton is the one who deregulated the banks and Wall St. that made all these things possible. He gave them all a license to steal. It took 12 years for it all to come crashing down but a lot of the blame goes back to Bill, as well as Bush Sr. and Reagan’s handling of the economy. Bush Jr. tax cuts didn’t help things either.

          31. Retired says:

            For once you got something right about Billy boy . but it goes back to LBJ and every democrat control after that Remember the 0 down payment to buy a house and the protection built for Freddy and Fanny along with bankers . China executed a banker for what went on here . The US should have locked them up , Daimon is the worst of the bunch and a Clinton Boy .

          32. bobnstuff says:

            The 0% down wasn’t the only problem, it was lending more money then the borrow could afford and the interest only loans. There were so many schemes going around after deregulation that a whole bunch of people should have ended up in jail but none did. This is why we need regulations on banking and Wall St. how ever the ones that were put in place after the our last little problem are being removed so we can start the mess all over again. The people in charge of regulating the banks and Wall St. are the very ones that caused the last crash.

          33. Retired says:

            Regulation will never happen as long as they pay politicions through Pac money . Just look at what they paid Hillary for a speech that she refuses to release and they talk about Trump .

          34. Retired says:

            Did you forget about all the rich Democrats in the corporate world ????

          35. bobnstuff says:

            It makes no differences. It doesn’t trickle down.

          36. Retired says:

            Typical BS answer , what’s the matter got caught ????

          37. bobnstuff says:

            No the question was stupid.

          38. Retired says:

            Only stupid because you wont answer .

          39. bobnstuff says:

            Just because you didn’t understand the answer isn’t my fault. I said it makes no difference if the rich is a Democrat or a Republican, it doesn’t trickle down.

          40. Retired says:

            OH , I saw how the trickle down worked great wonders under Clinton as the Big Boys LOST JOBS and BENEFITS and were lucky to find a job at Wallymart and places like that . Farming out work also cost many their own jobs . that was called the trickle UP effect . But you would never admit to that .

          41. bobnstuff says:

            You do understand that Trump & Company as well as the Republicans in Congress are back pushing supply side economics and that’s what all these tax cuts are about. The idea is give money to the rich and it will trickle down to everyone else. you know the system you just complained about.

          42. Retired says:

            How many times has it been tried and failed ??? Including at state levels . What part of trickle up did you not get.

          43. bobnstuff says:

            A number of times, Kansas just went through it and destroyed their economy. It has never work, at least not for the common man, it work great for the rich.

          44. mad max says:

            if u got a job it did!

          45. Ted Crawford says:

            He’ll never know!

        3. Ted Crawford says:

          Half right, which is better than usual for you! It is the constitutional responsibility of the House to originate all revenue bills, however given Harry Reid’s refusal to ever allow any of those revenue bills to reach the Floor of the Senate there was no chance of their success!

      2. mad max says:

        right on!

      3. chw2000 says:

        You do realize you’re questioning Bobnstuff? He’s the smartest person in the entire world. Knows everything about everything. He claims he’s a “moderate Republican” when in reality he’s a Hillary Democrat. Oh yes, he’s also an ass hole!

        1. The_Frog_Prince says:

          I wasn’t questioning the dunce. I was just pointing out his ignorance.

    2. Retired says:

      When you had turn coats and hard headed Demons how could anything get accomplished , remember the majority was not that great , Keep on pushing for the democrats .

      1. bobnstuff says:

        So blame a budget that the democrats got no input into on the democrat. That sounds about right.

        1. Retired says:

          You have not been paying attention as to what is going on as usual . your left wing sites keep you in the dark unless they can bash Trump the way you do it .

          1. bobnstuff says:

            Lets see the republicans created a bill in the back room, after a few hours with no amendments it’s passed on party lines. What did I get wrong. The bill spends more money then will come in through taxes and next they plan on cutting revenue and you say its the democrats fault.

          2. Retired says:

            Like I said you have not been paying attention . That is a good thing that there is no amendments , because that is what kills many bills .

    3. Ted Crawford says:

      Seriously Comrade? We can never Tax our way out of this mess, but we can possibly GROW our way out!

      1. bobnstuff says:

        The problem is what we have seen of the tax plan will not grow the economy. Supply-side, Reaganomics, or trickle down economics what even name you want does not work to raise the economy. Tax reform would be good but tax cuts on the top 1% does not work, It’s been proven time and time again. Our economy is demand driven and if you want to grow it you increase demand. There are a number of things in the tax code that could drive the economy. Cut taxes on business but increase taxes on executive bonuses so the money goes back into the business or to the employees. Regulate or stop altogether stock buybacks. We need companies to reinvest in their plants and their workforce not increase the wealth of the top management. Increase the cash available to the smaller companies, the ones that are sill growing so they can grow faster and create new jobs. The list goes on but how our government deals with the smaller businesses is all wrong for the economy. Clean up the tax code, make it fair for everyone. Cut tax rates but make everyone pay them. revenue neutral. Right now it’s the guy with the best accountant that pays the least. If you want to cut taxes cut spending first, if you have money left over once the country has paid it bills then cut taxes but first make sure the bills are paid first. If you want to cut spending go to where the real money is, the military.

        1. Ted Crawford says:

          Some merit in what you propose, particularly with respect to Executive Bonuses and stock buybacks. However, why, given the, particularly during the Obama years, egregiously increasing, counter productive regulatory policies, would they, in their right mind, possibly invest in their domestic departments?
          I can also, as does President Trump, agree with cleaning up and fairing up, if that is a word, the tax code, If you sincerely mean by “everyone” actually EVERYONE, including the welfare recipients, I second your position.
          Where we disagree is with respect to our Military spending, Obama deeply cut military spending yet it didn’t increase the revenue a bit.

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