Congressional Repubs appear to be getting wobbly on the "BBB."

berg80

Diamond Member
Joined
Oct 28, 2017
Messages
25,513
Reaction score
21,471
Points
2,320

Trump’s tax cuts are set to shrink after GOP flinches at deep spending cuts​

President Donald Trump wanted a ā€œbig, beautiful bill.ā€ Now Republicans are having to take some of the shine off of it.

GOP leaders on Capitol Hill signaled Thursday they are scaling back their tax-cutting ambitions after running into difficulty making deep spending cuts and facing stern warnings from Republican deficit hawks who are threatening to vote against Trump’s sprawling megabill.

On the chopping block could be a litany of Trump demands, including a permanent extension of the tax cuts passed during his first term, as well as second-term campaign promises to provide tax relief to seniors while also exempting taxes on tips and overtime earnings. Those provisions could end up getting enacted only temporarily, according to four Republican lawmakers, some of whom spoke on the condition of anonymity.

With key committees struggling to meet a $2 trillion spending cut target, Speaker Mike Johnson told a group of House Republicans Thursday he is now targeting $4 trillion of tax cuts. That’s a half-trillion dollars less than many in the GOP had hoped, and it’s likely below the threshold needed to make the 2017 tax cuts permanent — one of Trump’s earliest demands for the party-line megabill.


Not only are the tax cuts shrinking, so too is the amount DOGE was promised it would save. DOGE has revised its estimates for federal spending savings, reducing them to $150B from over $1T. Even this revised figure is being questioned, with verifiable, itemized cuts only reaching $63 billion.
 
Trump responsibly wants millionaires to pay a few percent more so working folks can get a tax break, called a "pay-for"
Ted Cruz and the other GOP coxuckers are screaming like stuck pigs.
NY RINOs want SALT (local tax deduction limit) dropped or they walk, bastards.
If the GOP can't cut the deficit they are done, then watch what happens to their taxes...
 

Trump’s tax cuts are set to shrink after GOP flinches at deep spending cuts​

President Donald Trump wanted a ā€œbig, beautiful bill.ā€ Now Republicans are having to take some of the shine off of it.

GOP leaders on Capitol Hill signaled Thursday they are scaling back their tax-cutting ambitions after running into difficulty making deep spending cuts and facing stern warnings from Republican deficit hawks who are threatening to vote against Trump’s sprawling megabill.

On the chopping block could be a litany of Trump demands, including a permanent extension of the tax cuts passed during his first term, as well as second-term campaign promises to provide tax relief to seniors while also exempting taxes on tips and overtime earnings. Those provisions could end up getting enacted only temporarily, according to four Republican lawmakers, some of whom spoke on the condition of anonymity.

With key committees struggling to meet a $2 trillion spending cut target, Speaker Mike Johnson told a group of House Republicans Thursday he is now targeting $4 trillion of tax cuts. That’s a half-trillion dollars less than many in the GOP had hoped, and it’s likely below the threshold needed to make the 2017 tax cuts permanent — one of Trump’s earliest demands for the party-line megabill.


Not only are the tax cuts shrinking, so too is the amount DOGE was promised it would save. DOGE has revised its estimates for federal spending savings, reducing them to $150B from over $1T. Even this revised figure is being questioned, with verifiable, itemized cuts only reaching $63 billion.
Good, we need to cut spending, not increase spending, I am not sure where these Presidents think they need to spend, spend, spend. Biden want a $6.4 trillion spending bill, and fortunately Sinema and Manchin had the courage to vote against it. They need to quit the tax cut BS, currently spending and keep DOGE and make sure it is setting in place to keep government agencies from abusing the spending.
 

Trump’s tax cuts are set to shrink after GOP flinches at deep spending cuts​

President Donald Trump wanted a ā€œbig, beautiful bill.ā€ Now Republicans are having to take some of the shine off of it.
The more lucid (if dwindling in number) Republicans know they're just asking for trouble if they go too far. And the more lucid members of Congress in both parties (if dwindling in number) know that overall, the American people would rather see them work together so that both parties have skin in the game and both want things to improve.

Unfortunately, our political/electoral "system" (ha) incentivizes and rewards rank tribalism. That's our own fault.
 
Un- American Bugger86 Troll Botting again . The UnAmerican vying with Titty Titwin to be most boring poster of the year .
The unbalanced veteran who hasn’t a positive thought between his ears .
 
Not quite as binary as that, IMO. But certainly not patriots. Patriots don't seek financial gain at the expense of the country.
You mean like welfare bums or greedy college professors?
 

Trump’s tax cuts are set to shrink after GOP flinches at deep spending cuts​

President Donald Trump wanted a ā€œbig, beautiful bill.ā€ Now Republicans are having to take some of the shine off of it.

GOP leaders on Capitol Hill signaled Thursday they are scaling back their tax-cutting ambitions after running into difficulty making deep spending cuts and facing stern warnings from Republican deficit hawks who are threatening to vote against Trump’s sprawling megabill.

On the chopping block could be a litany of Trump demands, including a permanent extension of the tax cuts passed during his first term, as well as second-term campaign promises to provide tax relief to seniors while also exempting taxes on tips and overtime earnings. Those provisions could end up getting enacted only temporarily, according to four Republican lawmakers, some of whom spoke on the condition of anonymity.

With key committees struggling to meet a $2 trillion spending cut target, Speaker Mike Johnson told a group of House Republicans Thursday he is now targeting $4 trillion of tax cuts. That’s a half-trillion dollars less than many in the GOP had hoped, and it’s likely below the threshold needed to make the 2017 tax cuts permanent — one of Trump’s earliest demands for the party-line megabill.


Not only are the tax cuts shrinking, so too is the amount DOGE was promised it would save. DOGE has revised its estimates for federal spending savings, reducing them to $150B from over $1T. Even this revised figure is being questioned, with verifiable, itemized cuts only reaching $63 billion.
Sounds like folks are talking and working to compromise. That's how Govt is suppose to work...I know, it seems weird to a Demafacsit that is used to authoritarian, my way or no way attitudes.
 
1. We have the NY RINOs saying SALT dies or they vote against the BBB
2. We have the Freedom Caucus saying cut the deficit or they vote against the BBB
3. We have Senator Cruz and other senators who say no tax on millionaires or they vote against the BBB
4. We have some folks who voted against the DOGE recommendations

26 GOP Senators Voted Against Codifying DOGE Cuts​

5. Republicans can NEVER agree on anything. I hope that they fail to pass the BBB and the tax cuts expire.
 
Back
Top Bottom