Ah okay, that makes sense.
This is really frustrating to watch – if they cut that rate, that reduces revenue from the bill, and makes it MORE likely that the items that hurt middle class tax payers (and others like grad students) will have to stay in the bill. It is moving in the wrong direction. 
Whoever wrote that was clearly wrong.
Well… this battle just got a whole lot more interesting.
The pressure just ramped up for a bill before Jones is seated. At the same time, a message was sent that the general public is paying attention.
While it has looked like promises made to Flake & Collins would not be honored, we’ll have to see how they are able to leverage those commitments if MM wants to get this bill done before Doug Jones takes office. Couple that with Rand Paul’s tweets about not increasing the deficit and we’ve got a free for all. Never a dull moment.
Senator Paul is unambiguous; He will vote YES on the tax bill: His more recent tweet: “I voted for tax cuts last week and I look forward to voting for the final bill next week. Tax cuts are you keeping your money.”
You may be confused by his other tweet: “I cannot in good conscience vote to add more to the already massive $20 trillion debt. I promised Kentucky to vote against reckless, deficit spending and I will do just that.” He is referring to SPENDING, not cutting taxes.
Oh, darling, I promise I won’t increase our debt by spending more money. I’ll increase it by bringing in less!!
First mistake is believing anything anyone in the two big buildings at either end of Pennsylvania Ave says.
Here’s some stuff from Bloomberg showing some different scenarios.
From Bloomberg:
"House and Senate negotiators have reached a tentative compromise for the tax overhaul, said a person familiar with the conversations who asked not to be named because the discussions are private.
Lawmakers still need to get a cost analysis of their agreement, so it’s not yet definite, the person said."
Just saw that. No details. They haven’t discussed with the president yet either.
Here is some detail:
http://thehill.com/policy/finance/364699-negotiators-strike-deal-in-principle-on-tax-bill
Nothing in the article on the tuition waiver.
According to Sahil Kapur in my Twitter feed, the latest tax bill compromise does not include the tax on grad school tuition waivers.
Corporate tax rate 21%, highest personal rate 37%,
@“Cardinal Fang” please oh please oh please let that be true.
Posted the same thing in the other thread about Sahil Kapur’s twitter feed.
Cross-posting from other thread:
I happened to be in the GSI (TA) office when word came that (as of now, supposedly) the screw the grads tax isn’t part of the reconciled bill. There was visible and audible relief from all the grad students.
Problem is, current graduate students are likely to face an increased economic burden of paying interest on the increased national debt in their future working lives.