Mnuchin expects significant hiring at IRS to implement tax law

ㅤ”As a nominee for Treasury secretary, Mnuchin said he favored greater IRS funding. The Trump administration, though, last year proposed further spending reductions for the agency. At the same time, former IRS Commissioner John Koskinen said the Treasury was working to help the agency hire more employees amid a government-wide hiring freeze.”


Full story at The Washington Examiner, image from washingtonexaminer.com (mnunchin, steve mnuchin, tax law, irs) – 1/12/18

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Another Massachusetts Democrat Facing Massive Scandal

ㅤ”Former Massachusetts state Sen. Brian Joyce was arrested and charged with running his office as a ‘criminal enterprise’ Friday, and is now facing a 113 count indictment from the federal government.
ㅤJoyce is reported to have gained $1 million through bribes and kickbacks and has also been charged with racketeering, extortion, honest services fraud, money laundering, and conspiracy to defraud the IRS, according to Newsweek.”

ㅤô¿ô …Brian got caught cheating the IRS. No DP scumbag can save Brian. It’s prison time.

Full story at The Daily Caller, image from dailycaller(.com) • brian joyce, joyce, bribes, kickbacks, racketeering, extortion, irs ㅤ Home

House Republicans delay tax reform rollout

Pictured: House Ways and Means Committee Chairman Kevin Brady

ㅤ”As late as Tuesday afternoon, as members returned to Washington for votes, House Ways and Means Committee Chairman Kevin Brady, R-Texas, said that he planned to introduce the bill Wednesday. That plan was delayed later Tuesday evening, at least until Thursday, according to several reports.”

Story at The Washington Examiner, image from washingtonexaminer(.com) • congress, house of representatives, irs, kevin brady, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, the hill • Go here to reblog this post (browser only).

Here’s How Mike Pence Could Pass Tax Reform Without A Single Concession To Democrats

ㅤ”Congress adopted the ‘Byrd Rule’ in 1985, which bars any ‘extraneous measures’ that do not directly change revenues or expenditures from getting included in a reconciliation bill. Typically, the Senate parliamentarian makes a judgment on each provision of a bill to see if it has a direct impact on the federal budget.
ㅤCustomarily, before leadership moves forward with a bill under reconciliation rules, the Senate’s parliamentarian analyzes any objections that senators raise to provisions in the bill they feel do not meet reconciliation requirements. All provisions have to be germane to the bill and have a direct impact on the budget. The Senate parliamentarian typically makes a ruling on whether or not each provision meets those requirements and advises the presiding officer (Pence or another senator in his absence) on which provisions should stay.
ㅤPence has the ability to work around the parliamentarian. It is the President of the Senate, not the parliamentarian, who makes the ruling on what is permissible under reconciliation and what is not, a historian at the U.S. Senate Historical Office told The Daily Caller News Foundation. The parliamentarian has a purely advisory role.”

Story at The Daily Caller, image from salon(.com) • byrd rule, irs, mike pence, mitch mcconnell, parliamentarian, reconciliation, republican senators, senate, senate republicans, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, the-hill, u.s. congress, vice president • Go here to reblog this post (browser only).

GOP scrambling to finalize tax bill hours before rollout

Pictured: Rep. Doug Collins (R-Ga.)

ㅤ”The next several hours will be critical, GOP sources say. Should progress be made, Republicans will continue as planned and introduce their bill Wednesday around noon after briefing the entire House Republican conference at 9 a.m. Should they falter, tax reform may have to wait another day.
ㅤ’I would say there is a lot of Red Bull and Monster being drank in there right now,’ said Rep. Doug Collins (R-Ga.), vice chairman of the House Republican Conference. ‘The whole Ways and Means crew knew this would be a tough lift — and we’ve not even gotten to the rollout of the actual details yet.”

Story at Politico, image from twitter(.com) • congress, house of representatives, house republicans, irs, kevin brady, paul ryan, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, the hill • Go here to reblog this post (browser only).

House GOP tosses conservative playbook in bid for tax reform

Pictured: Rep. Mark Meadows, head of the House Freedom Caucus

ㅤ”We’ve got to get the economy going — it’s all about wages going up — and if I can endure some short-term pain for long-term benefits, I’m willing to do that,’ said Mark Meadows (R-N.C.), head of the chamber’s staunchly conservative Freedom Caucus.”

ㅤô¿ô …Precisely.

Story at Politico, image from politico(.com) — congress, freedom caucus, house of representatives, irs, mark meadows, paul ryan, tax break, tax cut, tax cuts, tax plan, tax rate, tax reform, taxes, taxpayer funds, the hill — Visit the post page to like, share or reply to this post.

Jerry Brown Warns California Republicans Not to Vote for Tax Reform

ㅤ”Brown is primarily concerned with Trump’s proposed repeal of the state and local tax (SALT) deduction, which would provide $1.8 trillion in revenue that could be used to grant tax cuts in other areas.
ㅤWealthier taxpayers in high-tax states, which tend to be governed by Democrats, use the SALT deduction to lower their overall federal tax liability. As a result, state lawmakers and local officials who raise taxes to fund additional spending are somewhat insulated from the political consequences of doing so, since voters can shift the burden of higher taxes to federal taxpayers elsewhere.”

Story at Breitbart, image from breitbart(.com) — california, irs, jerry brown, salt, tax break, tax cut, tax cuts, tax deductions, tax plan, tax rate, tax reform, taxes — Visit the post page to like, share or reply to this post.

State and Local Tax Deduction May Be Road Block to Tax Reform

ㅤ”Republicans from high-tax, Democrat states may create a roadblock in tax reform through their opposition to the repeal of the state and local tax (SALT) deduction as Republicans remain desperate to pass a significant piece of legislation before the 2018 midterm elections.”

Story at Breitbart, image from heritage(.org) — #california #irs #new jersey #new york #new york city #salt #state and local tax deduction #tax break #tax cut #tax cuts #tax deductions #tax plan #tax rate #tax reform #taxes #chris smith #pete king #kevin brady — Visit the post page to like, share or reply to this post.

House adopts Senate budget, takes step toward tax reform

ㅤ”Twenty Republicans voted against the budget in the 216-212 vote, more than the 18 who voted against the original House version earlier this month.
ㅤMost of the 20 defectors were centrists hailing from populous states that could stand to lose from eliminating the state and local tax deduction.
ㅤThose lawmakers included Reps. Dan Donovan (N.Y.), John Faso (N.Y.), Brian Fitzpatrick (Pa.), John Katko (N.Y.), Pete King (N.Y.), Leonard Lance (N.J.), Frank LoBiondo (N.J.), Tom MacArthur (N.J.), Chris Smith (N.J.), Elise Stefanik (N.Y.), Claudia Tenney (N.Y.) and Lee Zeldin (N.Y.).”

Story at The Hill, image from nps(.gov). — #budget #congress #conservatives #constitution #house of representatives #irs #spending cuts #tax break #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #the hill — Visit the post page to like, share or reply to this post.

Republicans threaten to block budget passage over local deductions


Rep. Peter King, R-N.Y.

ㅤ”Reps. Peter King, R-N.Y., Tom MacArthur, R-N.J., and others from high-tax states say they will not vote for the Senate budget resolution this week because the GOP tax reform outline would eliminate the state and local tax deduction that brings huge savings to their constituents at tax filing time.”

ㅤô¿ô …Establishment politicians defending America’s privileged class. #draintheswamp !!!!

Story at The Washington Examiner, image from cnsnews(.com). #budget #irs #spending cuts #tax cut #tax cuts #tax deductions #tax plan #tax rate #tax reform #taxes #peter king #tom macarthur #state and local tax deduction — Visit the post page to like, share or reply to this post.

House Republicans Might Add Millionaire Bracket in Tax Plan

ㅤ”Those who make more than $1 million per year will not receive a tax cut.”

Story at Breitbart, image from pinterest(.com). #congress #economy #gary cohn #house of representatives #household income #irs #jobless claims #jobs #labor force #middle class #steve bannon #steven mnuchin #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #working class #ways and means — Visit the post page to like, share or reply to this post.

What Trump gets wrong about 401(k)s

ㅤ”Retirement savings plans, though pitched as policy for everyone, aren’t very evenly distributed throughout the income ladder. According to a 2009 survey, most workers in the bottom quarter of the income distribution don’t even have access to workplace retirement benefits. In the top quarter, 73 percent of them do. And the rich are more likely to participate in those plans: 94 percent of high-income workers who have access to workplace retirement benefits use them, compared to just 72 percent of low-income workers. In turn, the rich receive most of the benefits from retirement tax breaks.”

ㅤô¿ô …My company’s plan was irresistible because of matching payments.

Story at Politico, image from form9465(.com). #donald trump #economy #household income #irs #jobless claims #jobs #labor force #middle class #middle-class #potus #president #tax break #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #working class #401(k #retirement savings — Visit the post page to like, share or reply to this post.

House to take up Senate budget on Thursday


Republican Study Committee

ㅤ”The House is expected to vote on the Senate-amended 2018 budget resolution on Thursday, according to a leadership aide, moving ahead the Trump administration’s tax reform efforts.”

Story at The Hill, image from c-span(.org). #budget #congress #house of representatives #irs #spending cuts #tax cut #tax cuts #tax plan #tax rate #tax reform #taxes #the rsc steering committee #trump administration #white house — Visit the post page to like, share or reply to this post.

IRS to crack down on Obamacare declarations next year

ㅤ”The Internal Revenue Service will not accept electronically filed tax returns for the upcoming filing season in which people fail to note whether they have health insurance, according to an agency announcement that is a reversal of informal policy under the Obama administration.”

ㅤô¿ô …Ensuring people are compliant with the law is not sabotage. Nor is the issue open for debate.

Story at The Washington Examiner, image from form9465(.com). #aca #health care #health insurance #healthcare #irs #obamacare #repeal and replace #trump administration #white house #obama administration – Go to reblog (browser only).