Trump, Republicans feel confident as they prepare for vote on tax bill

by
December 18, 2017

636474753903771579-GTY-881043460-95645353WASHINGTON — Republicans were touting plans Sunday to vote on a measure this week that would overhaul the nation’s tax system and give them a much-needed legislative victory as Congress wraps up the year.

Sen. John Cornyn, one of the Senate Republican leaders, said he’s confident the Senate will approve the tax bill and vote on it as soon as Tuesday.

“This is good news for the American people,’’ Cornyn of Texas said on ABC’s This Week. “We’re going to get the economy roaring back again and improve pay, increase jobs and make America more competitive in the global economy as well as simplifying the tax code and giving everybody in every tax bracket a tax cut.’’

Passage of the tax bill would be a legislative win for Republicans, including President Trump, who have vowed to make it a priority this year. Trump has said he had hoped to sign the tax bill by Christmas.

6 Comments - what are your thoughts?

  • messup says:

    Now: single married
    10% 0 – 9525 0 – 19,050
    15% 9525 – 38700 19050 – 77400
    25% 38700- 93700 77400 – 156150
    28% 93700 – 195450 156150 – 237950
    33% 195450 – 424950 237950 – 424950
    35% 424950 – 426700 424950 – 480050
    39,60% 426700 and up 480050 and up
    ————–
    Proposed: 2018 Tax Bill
    10% 0 – 9525 0 – 19050
    12% 9525 – 38700 19050 – 77400
    22% 38700 – 82500 77400 – 16500
    24% 82500 – 157500 165000 – 315000
    32% 157500 – 200000 315000 – 400000
    35% 200000 — 500000 400000 – 600000
    37% 500000 – and up 600000 – and up
    Average home prices are today a $270,000 dollars. A 15% down of $40,500, $229,500 P&I monthly payment of $1,050 per month. A typical budget for single or married is roughly $3,120 dollars a month.
    Only income brackets able to accommodate this rate of homeownership are those making $112,320 a year or 24% bracket….$3,120 X 12 = 37,440 base. Lenders like this to be 30% of gross income so have to times this by 3, for a new total gross income of $112,320 per year (single or married). Normal wages are around $14.00/hr for a year = 29,148 X2 = $58,296 gross, singles can’t afford it and couples are strapped. At $112,320/yr = a gross hourly wage of $54.00/hr. (nobody makes that). So, the 60% uber rich $54.00/hr., 24% tax brackets get a pass and we the 40% $14.00/hr, 22% percentile and less slug through each year without a house, a mountain of debt, 15 or 20 credit cards, buying useless things on time with few prospects of bettering our lives. Wake-up America, We The vast sea of Americans are financing the 32%. 35%. and 37%. Tax Bill is a farce, US House and US Senate have “stuck it to we the poor slubs (remember “Joe – The-Plumber?”).” Flat Tax of 15%…only JUST system in the world. Pray. Amen. God Bless America and ALL Americans. Read A Bible. NKJV. Psalm 128. See,WE could not afford to buy a house before 2018 – and sure as hell can’t afford to buy one in 2018 and beyond. Do The Math.

  • bobnstuff says:

    So we got the tax plan we were promised, we can now file our taxes on a postcard, the debt will be gone in ten years and Trump’s taxes will go up. These are the promises that were made but somehow I think the other promises that were made to the large donors got fulfilled and the ones to the voters got left behind. Maybe that’s why they had to write the bill in secrete. As an added bonus your health insurance will go through the roof.

    1. chw2000 says:

      You are a total shit bag and that’s all you spew. You’re a dip shit ass hole Democrat and your brain is IN your ass. You know nothing about the real world and try to make people think you’re brilliant. Well, you are. Brilliantly full of shit. Phuck you Bob!

      1. bobnstuff says:

        I guess that picture of Trump kissing a postcard should now be changed to his kissing something else.

    2. Maxx says:

      Thanks for your standard liberal “male bovine excrement” comment. Do you get paid by the word or by the post for sending out the CNN scripts you are sent? Oh, you forgot to mention that the Republicans are also going to push Grandma’s wheelchair down the stairs.

  • ONLYJB1 says:

    Just keep in mind, McCoward mccain is returning on his death bed to vote on the tax bill. Can any of you imagine what his vote will be?

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