General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow come the Rs need only 51 votes to pass their tax giveaway?
It will add $1.4 TRILLION to the debt. How is that revenue neutral? I thought they could only use the simple majority threshold if a bill was revenue neutral. Why dont they need 60 votes?
Confused.
FakeNoose
(32,639 posts)Now all they need is for the Senate to pass it. Then Trump has to sign it.
Then we're all screwed.
SCantiGOP
(13,871 posts)There would be two bills; they have to be merged into one.
dhol82
(9,353 posts)that will end up on Bozos desk?
Really hoping it doesnt make it through the senate.
standingtall
(2,785 posts)the house bill would ad 1.7 trillion to the deficit to much to avoid the filibuster. After the Senate passes this it will be sent back to the house where it will pass, Trump will sign it and then we will be screwed. Apparently 1.5 trillion in deficit increase means deficit neutral in republicanism.
BigmanPigman
(51,607 posts)It takes 51 votes and there is the Byrd Rule. It is frustrating and very confusing to me...it seems that they make and break rules to suit them at any moment...like Gerrymandering.
marylandblue
(12,344 posts)Deosn't matter what it does it the national debt before 10 years. So all the tax cuts are set to expire in 10 years.
rainin
(3,011 posts)The tax cuts for the corporations are permanent.
marylandblue
(12,344 posts)Last edited Wed Nov 29, 2017, 12:49 AM - Edit history (1)
Only the individual rates expire, but with the other changes, most people will be paying a higher effective rate than they are now, so I guess that offsets the permanent corporate decrease.
"Fascism is corporatism."
-Mussolini
Wounded Bear
(58,662 posts)they can pass it with a sunset clause on the deficit effects through a process called reconciliation, which requires only a simple majority.
I'm not going to try to explain it any further. "Reconciliation" is the key. It provides special rules for them to circumvent the ability of the minority to filibuster.
unblock
(52,243 posts)The budget resolution they already passed (by simple majority), allowed for $1.5 trillion to be added to the debt over the next 10 years. So thats the cap.
It cant add to the deficit at all *after* those 10 years, which is why some of the provisions expire before that.
Obviously its a loophole the can drive be a truck through. They could have allowed $100 trillion for the tax cut (increasing the debt by that much) in the budget resolution if they could have stomached it and saved themselves some headache now, making it easier to pass a tax cut without sweating a few hundred billion here or there.