Genero36
Joined: 24 Apr 2005 Posts: 11188
Back to top |
Posted: 11/28/17 3:59 pm ::: Trump, Republicans win key panel vote |
Reply |
|
Trump, Republicans win key panel vote amid dramatic tax lobbying blitz
Quote: |
Washington (CNN)President Donald Trump forged important progress Tuesday in his effort to convince Republicans to unify and pass a huge tax bill that would represent his first significant legislative win and deliver on the Republican Party's monopoly on Washington power.
Trump rallied Republican senators at a luncheon on Capitol Hill ahead of a crucial Senate Budget Committee hearing that had loomed as a cliffhanger moment in the effort to pass the bill. |
Quote: |
Poor Americans would lose billions of dollars in federal benefits under the proposal, according to the CBO report, largely because the measure eliminates the mandate forcing most Americans to get health insurance.
Many of those who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, the CBO found.
The legislation would make multiple changes to the tax code, but the vast majority of individual tax cuts would expire after 2025.
These include changing the rates on individual tax brackets, nearly doubling the standard deduction, eliminating personal exemptions, expanding the child tax credit and repealing the state and local tax deduction. |
http://www.cnn.com/2017/11/28/politics/tax-plan-trump-capitol-hill/index.html
_________________ I'm all for the separation of church and hate.
|
|