Republicans Finalize Their 'F*ck Everyone Who Isn't Rich' Tax Bill
Join the fight against corruption at http://www.wolf-pac.com/ Republicans have come to an agreement: they hate you. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss. Tell us...
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REPUBLICANS IN THE HOUSE AND SENATE HAVE GONE COME TOGETHER AND NEGOTIATED THE TAX BILL AND HAVE COME TO AN AGREEMENT. WHAT WE HAVE NOW IS WHAT IS LIKELY TO END UP IN THE FINAL LEGISLATION, THEY ARE PLANNING TO VOTE IN FAVOR OF IT NEXT WEEK. THE KEY ELEMENTS YOU SHOULD BE AWARE OF INCLUDE THE FACT THAT THEY WANT TO LOWER THE CORPORATE TAX RATE TO 21%. THE ALSO WOULD LIKE TO LOWER THE TOP INDIVIDUAL TAX RATE TO 37%. WHEN IT COMES TO LOWERING THE TAX RATE FOR THE TOP EARNERS THERE WAS SOME DISAGREEMENT AMONG THOSE IN THE HOUSE AND SENATE. THERE WAS SOME TALK OF MAKING IT A LITTLE BIT HIGHER, MAYBE IT WOULD BE AROUND 39% AND THEN THEY BOTH DECIDED LET'S GO EVEN LOWER SO THEY WENT DOWN TO 37%. THE EFFECTIVE TAX RATE FOR TOP EARNERS WILL BE 35% IF THEY VO...
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REPUBLICANS IN THE HOUSE AND SENATE HAVE GONE COME TOGETHER AND NEGOTIATED THE TAX BILL AND HAVE COME TO AN AGREEMENT. WHAT WE HAVE NOW IS WHAT IS LIKELY TO END UP IN THE FINAL LEGISLATION, THEY ARE PLANNING TO VOTE IN FAVOR OF IT NEXT WEEK. THE KEY ELEMENTS YOU SHOULD BE AWARE OF INCLUDE THE FACT THAT THEY WANT TO LOWER THE CORPORATE TAX RATE TO 21%. THE ALSO WOULD LIKE TO LOWER THE TOP INDIVIDUAL TAX RATE TO 37%. WHEN IT COMES TO LOWERING THE TAX RATE FOR THE TOP EARNERS THERE WAS SOME DISAGREEMENT AMONG THOSE IN THE HOUSE AND SENATE. THERE WAS SOME TALK OF MAKING IT A LITTLE BIT HIGHER, MAYBE IT WOULD BE AROUND 39% AND THEN THEY BOTH DECIDED LET'S GO EVEN LOWER SO THEY WENT DOWN TO 37%. THE EFFECTIVE TAX RATE FOR TOP EARNERS WILL BE 35% IF THEY VO...
