https://www.politico.com/story/2017/11/12/republicans-tax-bill-house-244821
https://www.politico.com/story/2017/11/12/tax-middle-class-republicans-244815
Republicans have struggled to secure a serious legislative victory under the new administration, but the new tax plan may change that. Some members of the GOP, such as New York Republicans Peter King and Dan Donovan, oppose the plan, but leaders in the Republican party have not attempted to reach out or attempt to change their minds. If the GOP were struggling for votes, leaders would be trying to pressure representatives who do not support the plan into switching their votes. Since no such pressure is being reported, it is logical to assume that the Republican party has the votes that it needs to pass the legislation.
The new tax plan involves many cuts and reductions to the middle class's taxes, stating that people earning between $20,000 and $30,000 may receive a 10.4% decline, between $50,000 and $70,000 may see their taxes fall by 7.1%, while millionaires would receive a cut of up to 5.3%.
Is is safe to assume that the GOP has all of the votes that it needs to pass the legislation? Are the government's tax cuts enough, or too much? Will this be the GOP's first major victory in 2017? How will the public react?
1 comment:
Even though Republicans have the majority in the senate and the house, I have seen them struggle to make a big decision. When they were voting on the bill to begin the process to repeal Obamacare, I believe there were three people who didn't vote with their party, leading to the bill not passing. This, plus the fact that there is already word of some opposition within the party, makes me skeptical this this plan will pass without being modified.
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