$1.5 Trillion GOP Tax Cut Thread

[Attorney General & PPT Dwarven Dragon]

A final vote on the budget may occur sometime this evening. Stay tuned to see if Paul, etc. abide by the party line.

[Attorney General & PPT Dwarven Dragon]

Mr. Udall proposes an amendment, #1553 (permanent, mandatory PILT funding). The amendment is adopted by a vote of 58-41.

NAYs ---41
Alexander (R-TN)
Barrasso (R-WY)
Blunt (R-MO)
Boozman (R-AR)
Burr (R-NC)
Capito (R-WV)
Cassidy (R-LA)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Cotton (R-AR)
Cruz (R-TX)
Enzi (R-WY)
Ernst (R-IA)
Fischer (R-NE)
Flake (R-AZ)
Graham (R-SC)
Grassley (R-IA)
Hoeven (R-ND)
Inhofe (R-OK)
Isakson (R-GA)
Johnson (R-WI)
Kennedy (R-LA)
Lankford (R-OK)
McConnell (R-KY)
Moran (R-KS)
Paul (R-KY)
Perdue (R-GA)
Portman (R-OH)
Roberts (R-KS)
Rounds (R-SD)
Rubio (R-FL)
Sasse (R-NE)
Scott (R-SC)
Shelby (R-AL)
Strange (R-AL)
Thune (R-SD)
Tillis (R-NC)
Toomey (R-PA)
Wicker (R-MS)
Young (R-IN)

Not Voting - 1
Cochran (R-MS)

[Attorney General & PPT Dwarven Dragon]

Mr. Lee proposes an amendment, #1428 (To modify a deficit neutral reserve fund relating to public land and the environment to address making payments under the payments in lieu of taxes program equivalent to the property tax revenue that would be due to a state or local government if the state or local government owned the land). The amendment FAILS by a vote of 50-50.


NAYs ---50
Baldwin (D-WI)
Bennet (D-CO)
Blumenthal (D-CT)
Booker (D-NJ)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Coons (D-DE)
Cortez Masto (D-NV)
Daines (R-MT)
Duckworth (D-IL)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gardner (R-CO)
Gillibrand (D-NY)
Harris (D-CA)
Hassan (D-NH)
Heinrich (D-NM)
Heitkamp (D-ND)
Hirono (D-HI)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Leahy (D-VT)
Manchin (D-WV)
Markey (D-MA)
McCain (R-AZ)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Peters (D-MI)
Reed (D-RI)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-NM)
Van Hollen (D-MD)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wyden (D-OR)

[Attorney General & PPT Dwarven Dragon]

Mr. Paul proposes an amendment, #1404 (To ensure that all Americans receive a tax cut, keeping more of their hard earned money, and enjoy the benefit of tax reform). The amendment FAILS by a vote of 7-93.


YEAs ---7
Cruz (R-TX)
Daines (R-MT)
Heller (R-NV)
Lee (R-UT)
Paul (R-KY)
Perdue (R-GA)
Sasse (R-NE)

NAYs ---93
Alexander (R-TN)
Baldwin (D-WI)
Barrasso (R-WY)
Bennet (D-CO)
Blumenthal (D-CT)
Blunt (R-MO)
Booker (D-NJ)
Boozman (R-AR)
Brown (D-OH)
Burr (R-NC)
Cantwell (D-WA)
Capito (R-WV)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Cassidy (R-LA)
Cochran (R-MS)
Collins (R-ME)
Coons (D-DE)
Corker (R-TN)
Cornyn (R-TX)
Cortez Masto (D-NV)
Cotton (R-AR)
Crapo (R-ID)
Donnelly (D-IN)
Duckworth (D-IL)
Durbin (D-IL)
Enzi (R-WY)
Ernst (R-IA)
Feinstein (D-CA)
Fischer (R-NE)
Flake (R-AZ)
Franken (D-MN)
Gardner (R-CO)
Gillibrand (D-NY)
Graham (R-SC)
Grassley (R-IA)
Harris (D-CA)
Hassan (D-NH)
Hatch (R-UT)
Heinrich (D-NM)
Heitkamp (D-ND)
Hirono (D-HI)
Hoeven (R-ND)
Inhofe (R-OK)
Isakson (R-GA)
Johnson (R-WI)
Kaine (D-VA)
Kennedy (R-LA)
King (I-ME)
Klobuchar (D-MN)
Lankford (R-OK)
Leahy (D-VT)
Manchin (D-WV)
Markey (D-MA)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Merkley (D-OR)
Moran (R-KS)
Murkowski (R-AK)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Peters (D-MI)
Portman (R-OH)
Reed (D-RI)
Risch (R-ID)
Roberts (R-KS)
Rounds (R-SD)
Rubio (R-FL)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Scott (R-SC)
Shaheen (D-NH)
Shelby (R-AL)
Stabenow (D-MI)
Strange (R-AL)
Sullivan (R-AK)
Tester (D-MT)
Thune (R-SD)
Tillis (R-NC)
Toomey (R-PA)
Udall (D-NM)
Van Hollen (D-MD)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wicker (R-MS)
Wyden (D-OR)
Young (R-IN)

[Attorney General & PPT Dwarven Dragon]

Mr. Lee proposes an amendment, #1428 (To modify a deficit neutral reserve fund relating to public land and the environment to address making payments under the payments in lieu of taxes program equivalent to the property tax revenue that would be due to a state or local government if the state or local government owned the land). The amendment FAILS by a vote of 50-50.

Where is Pence when you need him LOL
+ Rand is making progress with every vote - 1st 4 AYEs, 2nd 5 AYEs, now 7 AYEs xD

Pence is not in the chamber. They could call the white house and wait an hour for Pence to hobble his way in, but they apparently want to have the final vote on the resolution tonight, so they just let the amendment fail and moved on.

[Attorney General & PPT Dwarven Dragon]

Mr. Lee proposes an amendment, #1429 (To establish a spending-neutral reserve fund relating to prohibiting Federal regulation of entirely intra-state species under the Endangered Species Act of 1973). The amendment FAILS by a vote of 49-51.

NAYs ---51
Alexander (R-TN)
Baldwin (D-WI)
Bennet (D-CO)
Blumenthal (D-CT)
Booker (D-NJ)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Collins (R-ME)
Coons (D-DE)
Corker (R-TN)
Cortez Masto (D-NV)
Donnelly (D-IN)
Duckworth (D-IL)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Harris (D-CA)
Hassan (D-NH)
Heinrich (D-NM)
Heitkamp (D-ND)
Hirono (D-HI)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Leahy (D-VT)
Manchin (D-WV)
Markey (D-MA)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Peters (D-MI)
Reed (D-RI)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-NM)
Van Hollen (D-MD)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wyden (D-OR)

[Attorney General & PPT Dwarven Dragon]

Ms. Fischer proposes an amendment, #1552 (To provide tax relief to American workers, families, and job creators in a manner which maintains the progressivity of the tax system by maintaining or raising the share of taxes paid by high income taxpayers). The amendment is adopted by voice vote.

[Attorney General & PPT Dwarven Dragon]

Ms. Cantwell proposes an amendment, #1301 (To strike the reconciliation instructions for the Committee on Energy and Natural Resources of the Senate to prevent oil and gas development within the Arctic National Wildlife Refuge). The amendment FAILS by a vote of 48-52.

NAYs ---52
Alexander (R-TN)
Barrasso (R-WY)
Blunt (R-MO)
Boozman (R-AR)
Burr (R-NC)
Capito (R-WV)
Cassidy (R-LA)
Cochran (R-MS)
Corker (R-TN)
Cornyn (R-TX)
Cotton (R-AR)
Crapo (R-ID)
Cruz (R-TX)
Daines (R-MT)
Enzi (R-WY)
Ernst (R-IA)
Fischer (R-NE)
Flake (R-AZ)
Gardner (R-CO)
Graham (R-SC)
Grassley (R-IA)
Hatch (R-UT)
Heller (R-NV)
Hoeven (R-ND)
Inhofe (R-OK)
Isakson (R-GA)
Johnson (R-WI)
Kennedy (R-LA)
Lankford (R-OK)
Lee (R-UT)
Manchin (D-WV)
McCain (R-AZ)
McConnell (R-KY)
Moran (R-KS)
Murkowski (R-AK)
Paul (R-KY)
Perdue (R-GA)
Portman (R-OH)
Risch (R-ID)
Roberts (R-KS)
Rounds (R-SD)
Rubio (R-FL)
Sasse (R-NE)
Scott (R-SC)
Shelby (R-AL)
Strange (R-AL)
Sullivan (R-AK)
Thune (R-SD)
Tillis (R-NC)
Toomey (R-PA)
Wicker (R-MS)
Young (R-IN)

[Attorney General & PPT Dwarven Dragon]

Mr. Enzi proposes an amendment, #1561 (To provide other enforcement provisions related to the House of Representatives). The amendment is adopted by a vote of 52-48.



NAYs ---48
Baldwin (D-WI)
Bennet (D-CO)
Blumenthal (D-CT)
Booker (D-NJ)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Coons (D-DE)
Cortez Masto (D-NV)
Donnelly (D-IN)
Duckworth (D-IL)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Harris (D-CA)
Hassan (D-NH)
Heinrich (D-NM)
Heitkamp (D-ND)
Hirono (D-HI)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Leahy (D-VT)
Manchin (D-WV)
Markey (D-MA)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Peters (D-MI)
Reed (D-RI)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-NM)
Van Hollen (D-MD)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wyden (D-OR)

[Attorney General & PPT Dwarven Dragon]

Mr. Perdue proposes an amendment, #1167 (To establish a deficit-neutral reserve fund relating to significantly improving the budget process). The amendment is adopted by voice vote.

[Attorney General & PPT Dwarven Dragon]

Mr. Enzi proposes an amendment, #1116 (To insert all agreed-to amendments into the budget, end the amendment period, and proceed to a final vote on the resolution). The amendment is agreed to by voice vote.

[Attorney General & PPT Dwarven Dragon]

FINAL VOTE ON BUDGET RESOLUTION NOW OCCURING

[Attorney General & PPT Dwarven Dragon]

BUDGET RESOLUTION PASSES 51-49. On to the house.

NAYs ---49
Baldwin (D-WI)
Bennet (D-CO)
Blumenthal (D-CT)
Booker (D-NJ)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Coons (D-DE)
Cortez Masto (D-NV)
Donnelly (D-IN)
Duckworth (D-IL)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Harris (D-CA)
Hassan (D-NH)
Heinrich (D-NM)
Heitkamp (D-ND)
Hirono (D-HI)
Kaine (D-VA)
King (I-ME)
Klobuchar (D-MN)
Leahy (D-VT)
Manchin (D-WV)
Markey (D-MA)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Murphy (D-CT)
Murray (D-WA)
Nelson (D-FL)
Paul (R-KY)
Peters (D-MI)
Reed (D-RI)
Sanders (I-VT)
Schatz (D-HI)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-NM)
Van Hollen (D-MD)
Warner (D-VA)
Warren (D-MA)
Whitehouse (D-RI)
Wyden (D-OR)

[Attorney General & PPT Dwarven Dragon]

BUDGET RESOLUTION PASSES 51-49. On to the house.

On to the conference.

The house could just pass the senate's language.

[Attorney General & PPT Dwarven Dragon]

This wealthy wank is going to crash the economy.

It seems that's the only way Americans are going to be weaned from Trumpism -let them suffer from the effects of his policies.  If they're not going to listen to the mainstream media, they will listen to their pocketbooks, at least.

Thing is, this is unlikely to cause any short term pain. The ill effects will largely happen after Trump's term, when Democrats will suffer the consequences of passing the measures needed to deal with this mess.

Doesn't this all expire in ten years since it is being done with budget reconciliation?

Unclear. What they're passing now is just a budget to let them use reconciliation, the actual tax reform bill comes later. The rule is 10 years only if it adds to the deficit, permanent if it doesn't. There's actually been some discussion of passing a bill with some permanent provisions and some temporary provisions. And as we saw with the bush tax cuts, when that 10 year deadline does come, there will be immense pressure on politicians to extend at least some of the cuts.

[Attorney General & PPT Dwarven Dragon]

This wealthy wank is going to crash the economy.

It seems that's the only way Americans are going to be weaned from Trumpism -let them suffer from the effects of his policies.  If they're not going to listen to the mainstream media, they will listen to their pocketbooks, at least.

Thing is, this is unlikely to cause any short term pain. The ill effects will largely happen after Trump's term, when Democrats will suffer the consequences of passing the measures needed to deal with this mess.

Doesn't this all expire in ten years since it is being done with budget reconciliation?

Unclear. What they're passing now is just a budget to let them use reconciliation, the actual tax reform bill comes later. The rule is 10 years only if it adds to the deficit, permanent if it doesn't. There's actually been some discussion of passing a bill with some permanent provisions and some temporary provisions. And as we saw with the bush tax cuts, when that 10 year deadline does come, there will be immense pressure on politicians to extend at least some of the cuts.

But eventually, the ones for the highest incomes were not extended.

Frankly I am beginning to coming around to wanting this to pass now for the sake of the corporate tax code reform and the simplification of the code. I think that will be of immense benefit to the economy. I am disturbed by the adding to the deficit obviously, in the mean time. But if this fails, I doubt it will ever get done.

You make some good points but it's very hard for me to support something that benefits the wealthy way more than the middle class and adds to the deficit. That being said I understand the framework and budget are not gospel and will postpone judgment until I see the final tax reform bill.

[Attorney General & PPT Dwarven Dragon]

This wealthy wank is going to crash the economy.

It seems that's the only way Americans are going to be weaned from Trumpism -let them suffer from the effects of his policies.  If they're not going to listen to the mainstream media, they will listen to their pocketbooks, at least.

Thing is, this is unlikely to cause any short term pain. The ill effects will largely happen after Trump's term, when Democrats will suffer the consequences of passing the measures needed to deal with this mess.

I'm not just referring to his tax cuts -Obamacare repeal by executive fiat would impact many of his white working class supporters. Let's face it, the bill by Sens. Murray and Alexander is not going to pass the House, and even by the slim chance it did, I wouldn't count on Trump signing it into law. 

You make some good points but it's very hard for me to support something that benefits the wealthy way more than the middle class and adds to the deficit. That being said I understand the framework and budget are not gospel and will postpone judgment until I see the final tax reform bill.

I'm not arguing in favor of the tax cuts. 

Was intending to quote Yankee LOL. Edited.

[Attorney General & PPT Dwarven Dragon]

^ If you can somehow get Congress to pass that then go for it. You have my blessing.

[Attorney General & PPT Dwarven Dragon]

1.5 million over the next 10 years is not that big of a cut and can easily be made up.


-Taxing overseas havens ,including a one time wealth tax on those havens

- Cutting 70 billion dollars in military spending

McCain is raising bloody murder about the budget resolution not including increases in defense spending.

The problem is that the Republican majorities are too small. Republicans are paying for the mistakes made in 2012 in IN, MO, ND and MT right now. With 56 Senators they would have far more flexibility and could tell the grand standers to take a hike.

Did they really have a better candidate to face Tester in 2012?

[Attorney General & PPT Dwarven Dragon]

1.5 million over the next 10 years is not that big of a cut and can easily be made up.


-Taxing overseas havens ,including a one time wealth tax on those havens

- Cutting 70 billion dollars in military spending

McCain is raising bloody murder about the budget resolution not including increases in defense spending.

The problem is that the Republican majorities are too small. Republicans are paying for the mistakes made in 2012 in IN, MO, ND and MT right now. With 56 Senators they would have far more flexibility and could tell the grand standers to take a hike.

Did they really have a better candidate to face Tester in 2012?

"Mistakes" is a broad term.  Lugar should have retired and Becky Skillman would have won that primary and the General election by 18%.  Berg and Rehberg should have run better candidates and anybody but Akin should have been the nominee in MO.

Skillman was considering running for IN Governor in 2012 but opted out due to her medical condition. Given that I don't think she would have ran for Senate.

[Attorney General & PPT Dwarven Dragon]

The house has voted 216-212 to approve the Senate Language, clearing the path to begin crafting of the actual tax reform bill.

http://www.politico.com/story/2017/10/26/republican-leaders-budget-vote-244198

Republicans voted for the budget by 216-20, with 3 abstentions.
Democrats voted against the budget by 192-0, with 2 abstentions.

http://clerk.house.gov/evs/2017/roll589.xml

[Attorney General & PPT Dwarven Dragon]

Closeness of the vote makes me pretty confident some form of SALT deduction will remain in the final product.

Basically all the no votes were because of SALT....

[Attorney General & PPT Dwarven Dragon]

Republicans are compromising on SALT: House GOP concedes on property tax deduction

http://money.cnn.com/2017/10/29/news/economy/state-and-local-tax-deduction/index.html

[Attorney General & PPT Dwarven Dragon]

I assure the republican congress that the name of the bill will not affect the opinion of the populace regarding the bill.

[Attorney General & PPT Dwarven Dragon]

They are going to botch this too aren't they?

Don't get your hopes up. I wouldn't be surprised if McConnell and/or Ryan threaten to kick people off committees if they don't vote for this.