Taxes

The GOP’s Tax Cut Bill Won’t be Released Until the Last Minute

JM Ashby
Written by JM Ashby

I have more questions than I have answers right now.

According to Trump's top economic adviser Gary Cohn, their grand plan for cutting taxes for the rich won't be released until just a couple weeks before fiscal 2018 which begins at midnight on October 1st.

Gary Cohn, Trump’s top economic aide, said the administration doesn’t want to engage in prolonged negotiations after the package is made public this fall. Cohn said the goal is to release the overhaul in the first two weeks of September.

“We don’t want to be negotiating the tax bill on the floor,” Cohn said at a meeting of technology executives.

If their tax cut bill isn't released until the middle of September, how will that be incorporated into funding for the entire federal government in fiscal 2018? Can they rewrite the entire tax code and fund the federal government within the span of 2 or 3 weeks?

Maybe not. Maybe they will pass another continuing resolution to keep the government running while they fiddle around. That's what they've done for years now. Congress has not passed a comprehensive budget or completed the appropriations process in years.

It also remains to be seen when, or if, Republicans will get around to raising the federal debt ceiling.

  • No one is able to punish the GOP for these wretched deceptions, so they’ll go On governing this way.

    I spent all of last year trying to convince my parents the GOP has gone down this road, and last night mom is on the phone with me and says she can’t believe what’s happened. I make a point of never rubbing family’s noses in it, but I did remind mom what i had been saying. The real crazy thing, both of my parents remember Watergate. They voted for the first time in 1972. But they do watch cable news.

  • Badgerite

    Anyone who thought these people were “populist” in any respect should wake up and smell the covfefe.

    • They would be the same people who now call David “Axis of Evil” Frum a leftist

      • Badgerite

        How bad is it when a liberal such as myself am agreeing with David Frum and Bill Kristol tweets all of the time? Very bad, I think.

        • muselet

          David Frum, Bill Kristol and David Brooks helped bring about the current iteration of Republicanism. That they now feel the need to disavow their creation and pretend to be sane, dispassionate observers of an inexplicable, spontaneous outbreak of madness just shows how craven they are.

          –alopecia

          • Badgerite

            Yes. I agree. But I still agree with their alarm at Russia seemingly compromising our democracy and bending it toward their own rather unsavory ends. I don’t require purity. Just some decency in the end and putting the country first.

  • 1933john

    Keep an eye on FICA funds.

  • muselet

    First it was the healthcare plan—to use the word loosely—the Rs didn’t want anyone to see. Now it’s the tax plan.

    Why, it’s as if they know their signature ideas are wildly unpopular with the public, including their base.

    If the Rs were competent as well as evil, we’d be in even deeper trouble. As it is, there’s a slim chance of stopping them from repealing the 20th Century.

    –alopecia

    • Kathrynjpalmer

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    • Scopedog

      As it is, there’s a slim chance of stopping them from repealing the 20th Century.

      Hopefully.

      If anything, this makes me even more pissed off at the uber-Sanders and Jill Stein supporters, because they are not going after the GOP with the same level of vitriol as they have gone after Democrats. And yet it is the GOP that is doing the most to fuck the country up all ways ’til Sunday.

      • muselet

        As long as the Rs couldn’t organize a booze-up in a brewery, we have a chance. If they ever get their act together—the knotheads in the House Freedumb Caucus refuse to compromise with anyone on anything, so that’s not likely for the time being—Somalia will look like a paradise.

        I treat the die-hard Sanders and Stein supporters the same way I’ve long treated Nader supporters (and Ralph Nader himself): ignore them as a nuisance. They are impervious to facts and reason, and it’s not worth the effort to be angry at them.

        –alopecia

    • Badgerite

      The Deathcare plan is out and it is Slim Shady Squared. They have provisions that will essentially gut healthcare for anyone with a pre-existing condition or a chronic condition via the re-imposition of life time caps on benefits and a state opt out provision for what is considered essential healthcare. If a particular service is not considered “essential” then it falls outside of the restrictions in the law and people who need that particular service due to a pre-existing condition or a chronic one are out of luck.
      Totally reliant on the tender mercies of insurance companies. Good luck with that. Likewise if you ‘exceed’ your lifetime cap…….no more lifetime for you.
      These guys really must hate the people who voted for them. Almost as much as they hated President Obama.

      • muselet

        The Senate bill is pretty horrific, in some ways even worse than the House version.

        Stock up on leeches and snake oil. You may need them.

        –alopecia

        • To use or sell?

          And the WaPo had the gall to call the new bill “softer” than the House version. My word, priorities please!

          • muselet

            Both.

            Kevin Drum has a couple of posts up on the Senate bill (an overview and a quick look at the bill’s effect on the individual insurance market). Calling the Senate bill “softer” than the House version is … erm … dishonest at best.

            –alopecia

        • Badgerite

          I wonder if “snake oil and leeches” are an “essential benefit” under their plan? Given their views on science, I’m guessing yes.

          • muselet

            Given their view of science, the Rs consider leeches and snake oil “experimental treatments” that wouldn’t have to be covered by insurance.

            –alopecia

          • Badgerite

            I have heard, actually, that leeches are very good for treating gangrene. So, there’s that.

          • muselet

            Leeches and maggots (yes, really) can be useful in treating a number of skin conditions.

            –alopecia

          • Maggots are for gangrene, leeches can reduce swelling and restore blood flow