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The Republican Tax Bill Doesn’t Actually Simplify The Tax Code - "By cutting down on the opportunities to wiggle out of paying an annual contribution to the Treasury, governments can reduce the burden of most taxpayers while making the system more fair. The government refers to these benefits as “tax expenditures.” The Treasury’s latest annual roundup lists hundreds of them. According to the TAS, forgone revenue from expenditures ($1.4 trillion) was greater than what Congress budgeted for discretionary spending ($1.2 trillion) in the 2016 fiscal year. But while the Republicans talked about broadening the base and getting rid of many of these expenditures, they never got serious about it. The original Senate bill would have eliminated only one of the 10 most expensive expenditures: the state-and-local-tax deduction. Then Republicans lost their nerve when politicians and supporters from states such as New York, New Jersey and California complained about losing the benefit.
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Paul Ryan on whether the tax bill will add to the deficit: 'Nobody knows the answer to that question'
Sen. Collins, it’s bogus to blame sexism for tax-bill backlash - "She is the only senator who staked her continued presence in the Senate (forgoing a run for governor) on bridging the divide between the parties and who vowed to protect the Obamacare exchanges. What she got was a promise from Senate Majority Leader Mitch McConnell (R-Ky.) to pass two partial offsets that would mitigate some of the harm done by repeal of the individual mandate. She also at the time stated that she’d have a vote on those bills in hand before voting for the tax bill. She doesn’t have that promised vote and likely won’t get the bills through the House (which objects to anything shoring up Obamacare). Collins nevertheless will vote for a bill that included repeal of the individual mandate without receiving any offset. Her vote in that regard is no different from that of other Republicans who vowed to rip up Obamacare root and branch. Her constituents and local media are understandably very upset with her."
Sen. Collins says she will vote ‘yes’ on Republican tax bill: In remarks from the Senate floor Monday, Collins affirms her support and details several amendments she sought to provide relief to middle-income taxpayers. - "The bill would also increase the national debt by at least $1 trillion over 10 years after accounting for economic growth, according to an official congressional analysis. Tax cuts for individuals would expire after nine years, while corporate tax cuts would be permanent. Maine’s Sen. Angus King, an independent who caucuses with Democrats, remains a staunch opponent of the tax bill. The bill, which could be voted on as early as Tuesday, wouldn’t eliminate the ACA, but it would repeal its individual mandate, which would lead to 13 million more uninsured Americans and higher health insurance premiums, according to the Congressional Budget Office."
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Trump just admitted the GOP’s tax cuts were deceptively sold - "Trump's second admission was about the Affordable Care Act's individual mandate being repealed in the bill. Apparently eager to argue that this constituted him having cut taxes and slew Obamacare in one fell swoop (after Congress came up short on Obamacare this year), he argued that repealing the individual mandate was basically the same as repealing Obamacare. But, he said, he told Republicans not to talk about that. Trump said he told allies to 'be quiet with the fake news media because I don't want them talking too much about it.' 'Now that it's approved, I can say that,' he said."
With this tax bill, the GOP has finally killed family-friendly conservatism
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