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GOP “Lovefest” Or McCain Mayhem: McConnell Says Crucial Procedural Vote On Tax Bill Coming Later Today

Just yesterday a 12-11 party-line vote in favor of the tax reform bill by the Senate budget committee allowed Mitch McConnell to breathe a temporary sigh of relief after earlier objections by GOP members left many wondering whether the bill would even make it out of committee.  Now, the controversial legislation is set for its […]


GOP “Lovefest” Or McCain Mayhem: Crucial Procedural Vote On Senate Tax Bill Expected Later Today

Update (3:15PM EST): Senator Lisa Murkowski (R-AK), who was a key swing vote against several Obamacare repeal and replace bills earlier this year, has confirmed that she will vote in favor on the Senate’s tax bill. Alaska’s Sen. @lisamurkowski will vote YES on the GOP tax bill, her office tells me. — Garrett Haake (@GarrettHaake) […]


John McCain Holds The Keys To Tax Reform’s Fate

Anybody who was watching the July Senate floor vote on the Republicans' bill to repeal and replace Obamacare will remember the audible gasps that John McCain elicited when he surprised his own party by voting against the plan. And now just four months later, he's gearing up to do it again. According to the New […]


David Stockman Slams The GOP Tax Bill: “Fuggedaboutit!!”

Authored by David Stockman via Contra Corner blog, The GOP has become so politically desperate that they might as well enact a two-word statute and be done with it. It would simply read: Tax Bill! Actually, that's not far from where they are in the great scheme of things. The Senate Finance Committee's bill is a dog's breakfast […]


Top Democrats “Abruptly” Pull Out Of White House Meeting After Trump Twitter Attack

Following this morning’s tweet, in which Trump said that he was meeting with top Democrats Chuck Schumer and Nancy Pelosi to keep the government open, but because “they want illegal immigrants flooding into our Country unchecked”, he “doesn’t see a deal“, and which sent the T-Bill market turmoiling as mid-December government shutdown odds surged, moments […]


These 8 Republican Senators Have Serious Reservations About Tax Reform

As we’ve repeatedly pointed out, Mitch McConnell’s push to force tax reform through the senate is facing opposition from several disparate groups of senators, each of which is demanding its own set of changes. Concerns primarily center on the taxation of partnerships, limited liabilities and other companies; on the overall cost of the tax bill […]


Second Republican Senator Says He’s Voting ‘No’ On Tax Reform

Just hours after Sen. Rand Paul announced he would vote 'yes' on the Senate's tax-reform plan, handing the White House a win, a second Republican senator has publicly declared his intention to vote against the bill, joining Wisconsin's Ron Johnson in opposition. And that senator is: Montana's Steve Daines.   #BreakingNews: Sen. @SteveDaines aides to […]


Congress Is Bracing For A “Nightmare” December

Since President Donald Trump took office in January, the GOP Congressional leadership has repeatedly failed to corral the votes needed to transform the president’s legislative agenda into law, largely thanks to the Republicans’ razor-thin majority in the senate, which has bred factionalism and encouraged senators to play hardball to try and strong-arm the leadership into […]


In Win For White House, Rand Paul Says He Will Vote ‘Yes’ On Tax Reform

In a surprising reversal that President Donald Trump will undoubtedly tout as a major victory, Kentucky Senator Rand Paul has publicly confirmed that he will be voting ‘Yes’ on the GOP tax plan when the senate votes on it later this week. Paul says he will vote ‘yes’ even though the tax overhaul “isn’t perfect” […]


A Fiscal Disappointment – Of Tax Reform & Growth Fairies

Via RealInvestmentAdvice.com, I encourage you to take a few minutes to review my previous analysis of the effectiveness of tax cuts on the economy. Bull Trap – The False Promise Of Tax Cuts 3-Myths About Tax Cuts It’s The Debt, Stupid The Committee For A Responsible Budget penned after the passage of the tax bill: “The […]


Stockman Slams “The Awesome Recovery” Narrative

Authored by David Stockman via Contra Corner blog, One of the great philosophers of recent times was surely Sgt. Easterhaus of "Hill Street Blues". As he assigned his men to their daily rounds in the crime infested streets of the Big Apple he always ended the precinct's morning call with his signature admonition: "Let's be carful […]


“Helpless, Raging” Charlottesville Families Shocked By These 2018 Obamacare Premiums…”It’s Horrific”

Over the past several months, Democrats have jumped on every opportunity possible to blame the Trump administration for yet another year of staggering Obamacare premium increases.  Ironically, despite arguments from the Left that Trump’s defunding of Obamacare’s marketing budget would cause 2018 signups to plunge, as Politico recently noted, they’re actually up in 2018…which begs […]


How Tax Reform Can Still Blow Up: A Side-By-Side Comparison Of The House And Senate Tax Plans

To much fanfare, mostly out of president Trump, on Thursday the House passed their version of the tax bill 227-205 along party lines, with 13 Republicans opposing. The passage of the House bill was met with muted market reaction. The Senate version of the tax reform is currently going through the Senate Finance Committee for […]


Senator Ron Johnson Becomes First Republican Opposed To Tax Bill

Senator Ron Johnson (R-WI) just became the first Republican to officially declare that he will no support the GOP tax bill that the White House still hopes to pass before Christmas.  Speaking to the Wall Street Journal, Johnson said that he will not support the Senate bill on the basis that it unfairly benefits corporations […]


McConnell: Senate Tax Bill Will Strip Obamacare Mandate

In what is emerging as the latest potential stumbling block for the passage of GOP tax reform, on Tuesday afternoon Senate Majority leader announced that the Senate tax bill will include language to repeal ObamaCare’s individual mandate, a move which could make passage prolematic as it could withdraw support from moderate Republicans. According to The […]