Saturday, November 18, 2017



The House passed a tax bill. Can the Senate? (NYTimes 11-17)

Our Republican Representative Tenney voted to support the GOP House Bill ....and supported cutting deductions for state and local taxes. 

BEND OVER ONCE AGAIN AVERAGE AMERICAN !!  

After the Senate Finance Committee approved a tax bill yesterday, the full Senate is expected to consider it after Thanksgiving. But problems remain.

Among them: analyses that stubbornly find the biggest beneficiaries are corporations, not low-income Americans, many of whom could face tax increases within a few years, according to the NYT.

Then there’s the prospect of repealing the individual health insurance mandate. And then there’s reconciliation.

What else have people found in the tax overhaul?
• The Senate bill includes a break for private jets, lowering taxes on the payments made by their owners to the companies that manage them. (The Hill)
• The rollback of the estate tax would affect a very small set of wealthy Americans — about 0.2 percent of the 2.6 million people who died last year left estates large enough to qualify. (NYT)