Tax Reform 2.0 was rammed through the House at the literal exact same moment that everyone in America was watching Brett Kavanaugh caper and gibber for the US Senate.
It's a tax gift of $3.1 trillion over ten years, with the major beneficiaries being those with more than $3.9 million in annual income.
The cuts will still have to pass the Senate.
In House debate on the bill, Democrats continued to denounce the existing tax law and new proposal, and repeatedly pounded on their impact on the mounting $21 trillion deficit. The Republicans will seek to fill the hole by cutting deeply into Medicare and Social Security, Democratic lawmakers warned.
"This is all borrowed money that will go to corporations and high-income earners," said Rep. Richard Neal of Massachusetts, the senior Democrat on the Ways and Means Committee. The new legislation "is another reckless tax cut for the wealthy that leaves behind average, hardworking families."
House passes GOP bill to make new tax cuts permanent [AP]
(Image: Jeff Stein/Washington Post]
Three separate, named women have independently accused Trump's EU Ambassador Gordon Sondland of repeated acts of sexual misconduct while he was in a position of physical, financial and professional power over them. Sondland denies the accusations.
In my latest podcast (MP3), I read my May, 2018 Locus column, "The Engagement-Maximization Presidency," where I propose a theory to explain the political phenomenon of Donald Trump: we live in a world in which communications platforms amplify anything that gets “engagement” and provides feedback on just how much your message has been amplified so […]
Amazon's tax bill in 2017 was $0. Trump was very vocal in his disgust at this situation and pledged he would make them pay their fair share. It's been a year, and Amazon's profits are way up ($11.2 billion!) but their tax bill remains precisely $0.00. Thank the #taxscam.
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