'This is not normal': Glitches mar new tax law

[FreeinChrist]

This is the result of making a huge bill, and rushing it through in a few days.

'This is not normal': Glitches mar new tax law

The glitches in the new tax law are starting to pile up.

One inadvertently denies restaurants, retailers and others generous new write-offs for things like remodeling.

Another would allow wealthy money managers to sidestep a crackdown on lucrative tax break that allows them pay lower taxes on some of their income than ordinary wage earners. A third creates two different start dates for new rules that make it harder for businesses to shave their tax bills......

Republicans would like to address the problems as soon as next month, as part of legislation needed to fund the government. But to do that, they’ll need assistance from Democrats, and it’s unclear they are in any mood to help. They were shut out of the process of writing the Tax Cuts and Jobs Act, and may be looking for payback after Republicans steadfastly refused to allow them to fix hitches in the Affordable Care Act.....

One snafu, which could potentially affect President Donald Trump’s real estate business, prevents people making various types of improvements to non-residential real estate from immediately deducting their entire cost, as lawmakers intended. An apparent typo means they have to instead take those breaks piecemeal over the next 39 years.
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There are all kinds of problems. And they will need the Dems to help them fix it.

 

[hislegacy]

Reminiscent of the Obama Care bill. Let’s hope they will actually do something instead of making excuses.

 

[archer75]

We are working / lower middle class and have a new child and no more income than last year, and we owe thousands more this year. Great tax cut. Very generous. I can't wait to fork my money over to billionaires who are enjoying their new tax break.

 

[hislegacy]

We are working / lower middle class and have a new child and no more income than last year, and we owe thousands more this year. Great tax cut. Very generous. I can't wait to fork my money over to billionaires who are enjoying their new tax break.

Good sound bite. But take home pay for 90% of wage earners has gone up, the basic deductible for families had doubled and the child tax credits are still there.

 

[archer75]

Good sound bite. But take home pay for 90% of wage earners has gone up, the basic deductible for families had doubled and the child tax credits are still there.

Great. That helps me...not at all.

Further, I'm glad to hear that a real experience is a sound bite, while a statistic without a citation is real.

 

[majj27]

Reminiscent of the Obama Care bill. Let’s hope they will actually do something instead of making excuses.

If by "reminiscent of Obamacare" you mean "screwed up by the GOP during crafting", then yes. Yes it is.

To be honest, considering how fast they ramrodded this through, it's not at all surprising that it's glitchy.

 

[FreeinChrist]

Reminiscent of the Obama Care bill. Let’s hope they will actually do something instead of making excuses.

Not really reminiscent.
The Affordable Care act was debated in 3 House committees, 2 Senate committees and had over 60 hours of bipartisan debate with Republicans allowed to propose amendments. There was no questioning that they wanted the CBO report.

GOP rushed tax bill for the rich after years of saying Obamacare was rammed through Congress

All told, Obamacare underwent 13 days — and about 60 legislative hours — of markups in the Senate health committee through June and July 2009. The Senate Finance Committee spent eight days in September and October considering the bill — the longest markup period in 20 years. The bill was then debated before the full Democrat-controlled Senate for 169 hours over 25 straight days, according to Senate Library estimates, before the legislation passed Dec. 24. on a 60-39 party-line vote.


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In contrast, the GOP tax bill did not have all that debate at all:

Fast forward seven years, and Republicans pulled just one all-nighter to pass a bill on a 51-49 party line vote before their colleagues across the aisle even understood everything it contained.

“n the early hours of Saturday morning, under cover of darkness, the Republican Majority rushed through one of the worst, most hastily-considered pieces of major legislation I’ve seen in my time here in the Senate,” Senate Minority Leader Charles Schumer said from the Senate floor Monday.

Other Democrats, including Senator Elizabeth Warren of Massachusetts, said on Twitter that they didn't even have time to read the bill.


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So now they found a bunch of problems - and after refusing to let the Dems make changes to Obamacare to improve it, want the Dems to just be nice and help them.

I hope the Dems insist on passing a DACA bill among other things.
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[hislegacy]

How many GOP votes did that travesty that we couldn’t read until we voted on it get?

 

[FreeinChrist]

How many GOP votes did that travesty that we couldn’t read until we voted on it get?

All the GOP voted for the tax bill. It is a bill that was written without Democratic input and rushed into being passed. Now it is a mess.

 

[hislegacy]

All the GOP voted for the tax bill. It is a bill that was written without Democratic input and rushed into being passed. Now it is a mess.

Not as big a mess as Obama Care, which did not get even ONE Republican vote and they couldn’t read the bill until after it was passed.

So the title is disingenuous at best.

 

[FreeinChrist]

Not as big a mess as Obama Care, which did not get even ONE Republican vote and they couldn’t read the bill until after it was passed.

So the title is disingenuous at best.

They had time to read the bill before it was passed. It had plenty of debate going on for 25 days. It was just a Rep talking point.

The GOP tax bill was rushed through with a late night vote and with passages simply crossed out here and there and handwritten notes added. It was pathetic.

And therefore it is a mess - which is what this thread is about.

 

[hislegacy]

How can it be a bipartisan bill when no one from one party voted on it?

How is that any different from the tax bill?

 

[hislegacy]

An interesting note from the article is that it is unclear if the Democrats want to help.

Why would they? They are the party of obstruction

 

[FreeinChrist]

How can it be a bipartisan bill when no one from one party voted on it?

How is that any different from the tax bill?

Bipartisan debate is when both parties debate it.
The Affordable Care act had 25 days of bipartisan debate. The GOP tax bill had one night!

I never said either was a bipartisan bill. The Republicans will need the Dems though to fix the tax bill - so that would have to be bipartisan and the Dems aren't going to simply be sheep and follow the Repubs without demands.

 

[FreeinChrist]

An interesting note from the article is that it is unclear if the Democrats want to help.

Why would they? They are the party of obstruction

I think they are willing but want some things the Republicans will not.

The party of obstruction was the Republicans who REFUSED to even fix errors in the Affordable Care Act. That complaint of yours falls flat.

 

[hislegacy]

I think they are willing but want some things the Republicans will not.

The party of obstruction was the Republicans who REFUSED to even fix errors in the Affordable Care Act. That complaint of yours falls flat.

Absolutely not, you just proved they are the same.

 

[FreeinChrist]

No, I didn't. The Dems will work to fix the bill - but they are not going to do it without some demands. They would be stupid to do that.
The Republicans refused to bring it up in the House which they have led for 7 years now. They just voted to get rid of it.

 

[FreeinChrist]

This is an interesting glitch:

Another provision, which Republicans say they are eager to address, could allow farmers who sell grain to cooperatives to avoid taxes entirely. Though that’s been dubbed the “grain glitch,” it was included in the legislation at the insistence of multiple senators despite warnings of its implications. Eighty seven House Republicans have signed a letter urging lawmakers to deal with the issue.​

 

[hislegacy]

So it is the Republicans calling for the glitch to be fixed and shut the opportunity to avoid paying taxes.

And the Democrats are not interested in helping.

 

[archer75]

I think Obamacare should be called bipartisan, since it was a Republican plan that Dems voted for.