IT’S OFFICIAL: Epic Tax Overhaul Sent to Trump’s Desk
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Merry Christmas!
The massive tax reform deal will be on the Resolute Desk before the end of the week to be signed into law.
After months of dealing, Trump’s new plan will soon be the law of the land.
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Highlights include:
- A lowered corporate tax that will go from 35% to 21%.
- The highest individual tax rate will be capped at 37%, instead of the 39.6% proposed by the House.
- Obamacare’s individual mandate forcing citizens to have health insurance is gone.
- Families making between $50k-$75k will enjoy an average tax cut of $890.
- Families making between $100k-$200k will enjoy an average tax cut of $2,260.
- Families making more than one million dollars will enjoy an average tax cut of $70,000.
Even foreign newspapers are in panic mode, with one of the biggest papers in Canada, The Financial Post publishing a piece yesterday entitled Trump’s Tax Tsunami is About to Wallop Canadian Jobs and Investment. The article stresses that “the rest of the world” will feel the impact of this tax plan starting on New Year’s Day, because the United States is going to be an extremely competitive and attractive place to do business. The article warns that Canadians will start to see investments and jobs move south unless northern politicians “change course.” So, don’t believe the left-wing papers in the States saying that the bill will do nothing, because the anti-Trump papers in competitor countries are in panic mode.
Trump says that the corporate tax drop is “probably the biggest factor in our plan” to improve the economy. The Senate was up until 2 o’clock in the morning approving the bill, where the Senate Majority Leader, Mitch McConnell from Kentucky, said that American citizens will have a good response to the bill. McConnell, who has fought with Trump in the past, said that “if we can’t sell this to the American people, we ought to go into another line of work.”
The bill then went back to the House to approve the measure sought by the Senate, because both chambers must approve an identical bill before he can be sent to the President to be signed into law. And now, the tax bill has that dual approval.
Early this morning, Trump’s tweet about the Tax Cut and Reform Bill has already earned 27,000 retweets and 107,000 likes.
The United States Senate just passed the biggest in history Tax Cut and Reform Bill. Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote. If approved, there will be a News Conference at The White House at approximately 1:00 P.M.
— Donald J. Trump (@realDonaldTrump) December 20, 2017
And the salt from furious lefties lying up a storm about the Bill are creating much joy among the pro-Trump crowd who have something hilarious to laugh at:
Multiple people close to the WH just told me @realDonaldTrump is furious his tax bill isn’t being celebrated. Ranting & raving about how the press should be touting it as the biggest accomplishment of any president in the history of this country. What a pathetic nutjob. Sad!
— Scott Dworkin (@funder) December 20, 2017
I oppose this conference report with every bone in my body. This tax bill is a $2.3 trillion holiday gift for Wall Street, the rich, and the wealthy. Conceived in darkness and birthed with the help of donors and funders. This bill is not for the people. It is not tax reform.
— John Lewis (@repjohnlewis) December 19, 2017
Keep tweeting, you salty jerks. America wants Trump more than they need you.
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