Why Trump Won't Be Signing His Tax Cuts Right Away
Despite the GOP’s rush to pass its $1.5 trillion “Christmas gift,” the president might wait to enact the landmark bill until early January to put off automatic cuts to Medicare and other programs the law would trigger.
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Bloomberg: It’s Unclear When Trump Will Actually Sign the Tax Bill
“While Trump (fkg idjit) has promised everyday Americans a “giant tax cut for Christmas,” his top economic adviser said Wednesday that a technical issue could push the bill signing to after Jan. 1. White House National Economic Council Director Gary Cohn said Trump would sign the bill this year if Congress is able to pass a separate provision waiving automatic spending cuts as part of a year-end spending deal to avoid a government shut down before Friday. (Hey kids, I have a box of kittens, pick the one you want, I’m gonna drown the rest.) If not, Trump would sign the bill in early 2018, he said.
Under the so-called PAYGO law, automatic cuts to Medicare and other spending categories would be triggered by the tax bill in January because the bill is scored as increasing the deficit by $1.5 trillion over ten years. Waiting until January means that those cuts would be delayed until 2019, according to budget expert Ed Lorenzen of the Committee for a Responsible Federal Budget.
Majority Leader Mitch McConnell and Speaker Paul Ryan have vowed that the cuts would not be triggered. They will need Democrats to waive them this year, however, since doing so would require 60 votes in the Senate.” (Oh fk me!)
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(Another link to look like real research)
CBS News: No tax cuts for Christmas? Trump might delay bill signing
Well SS dependent seniors, yer getting nuthin fer Christmas..
see, not funny, and it’s still only 2017
Much more on Paygo there, and the automatic spending cuts these geniuses are threatening.
Either they fergotted it, or they thought,
oh, strategery!
and they snickered, ‘I think it will be cute to force Democrats to go along with a vote to trash the Paygo provisions, heh, heh heh’, as part of the govt funding foofaw coming up.
2018, election year, Medicare and subsidized housing cuts?...man, I don’t know which way to hop, and they don’t either.
So not only govt funding, but Medicare and other govt payments held hostage.
‘Gee, maybe I shoulda voted!’
(Ok, listen, thank me for not finding a typical photo of one of these fkg clowns and pasting it here, I could gone with a bird, flower, or a cat, but I like birds, flowers, and cats.
Yer welcome.)