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Politics

Oh dear, looks like you forgot to read the article again - Click-baited sm

Posted: Dec 20th, 2017 - 3:43 pm In Reply to: Trump’s last minute benefit...sm - VTMT

I read the article. The author says the pass-through portion isn't new and has been "a priority in every iteration of their tax bills."

Then she says it's "a completely new way to address the entities." I'm sorry but that's a perfectly valid third option when the House and Senate bills don't agree on something. (In case you were wondering about the other two options: 1.) Enact what the House proposes. 2.) Enact what the Senate proposes.)


Direct quotes from the article:

Hatch wrote a letter to Corker on Monday reasserting that the alleged connection between the added provision and Corker’s support was “categorically false”:

"It takes a great deal of imagination — and likely no small amount of partisanship — to argue that a provision that has been public for over a month, debated on the floor of the House of Representatives, included in a House-passed bill, and identified by JCT as an issue requiring a compromise between conferees is somehow a covert and last-minute addition to the conference report."

The provision’s intention is not entirely new: Republicans, as Hatch said, have made pass-through businesses a priority in every iteration of their tax bills. But the provision in the final draft of the tax bill, which Republicans say reconciles the differences between the House and Senate tax proposals, is a completely new way to address the entities.

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