Addressing the elephant in the room

Tax cut, Obamacare mandate dead, ANWR drilling and Chuck and Nancy are pissed

tax

The Senate passed the “tax cuts and jobs act” early Wednesday with party line 51-48 vote. With John McCain not making the vote while recovering from chemo treatment. Keep the party line vote in mind when this tax cut turbo charges an already skyrocketing economy. Not one single Democrat voted for this bill. They can scream tax cuts for the rich all they want but the proof will be in the economy. It was king Democrat Bill Clinton that said “it’s the economy stupid.”

The House passed the bill on Tuesday, by 227 votes to 203. The Senate parliamentarian challenged three of its provisions, however, saying that they cannot be passed under the fast-track reconciliation procedure Republicans are using to avoid a Democratic filibuster. The House must pass the bill again Wednesday, with the offending measures removed.

The tax cuts are as follows. The top tax rate falls from 39.6% to 37%, while the 33% bracket would fall to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket would remain at 10%, and the 35% bracket would also be unchanged. Tax cuts for the rich is what Democrats will tell you. But this is their line every time tax cuts are enacted by a Republican administration.

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What else is in the bill? Killing the unconstitutional Obamacare mandate which essentially kills Obamacare. The Republicans just did what John Roberts didn’t have the balls to do. The Democrats will say millions of Americans will now be without health insurance. But what they fail to point out is that they were young people who did not want to buy insurance anyway.

My wife and I will benefit from this provision. We are without health insurance (long story). The insurance on the Obamacare program is far too expensive and provides practically no coverage. It is cheaper for us to pay the penalty than to buy the crappy insurance. But now we will not have to pay the unconstitutional Obamacare mandate penalty.

Lastly something not mentioned much about the tax bill passage is drilling in ANWR. Lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhaustive environmental reviews and likely lawsuits.

It will take longer for the drilling in Alaska to take place as liberal groups will surely institute lawsuits that will delay the process. But finally we have a President that is willing to at least start that battle.

The last win in the tax bill is how pissed the Democrats are, especially Nancy Pelosi and Chuck Schumer. They sound like a broken record. Tax cuts for the rich, tax cuts for the wealthiest Americans. If that is the case they should be pretty happy as members of Congress they are among the wealthiest Americans. Pelosi herself is a multimillionaire.  This bill is a win,win,win,win for Republicans and President Trump. This is what has Nancy and Chuckie so pissed.

Related post The eight RINO’s that could decide fate of tax bill

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Related post Susan Collins not sure on tax bill what a shocker

Related post Prisoner John McCain calls for bipartisan support of tax bill

Related post Tax cuts equal to rape, could kill thousands, taking your benefits


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