Can… can the Romani family get a break somewhere in there? Like that’ll let us keep my job and our house? 
ETA: Aw shoot, we can’t even get the 529 for fetus tax credit:
https://www.wsj.com/livecoverage/tax-bill-2017/card/1512180690
Umm… well, I was thinking that…once I checked the block on my taxes for a $2 donation to the presidential election? And I was the only one in the US that did that so maybe it bought me something? :>
Or maybe it was sylvan’s deduction for sweet dogs…they are definitely worth a significant deduction, and we spent more on them than our kids last year! :o3 :o3
I wonder why they took the 529 fetus credit out. I thought that was a sop to their evangelical voters to show that the tax bill is good! Maybe logistics – if a beneficiary needs a SSN, for example, that would be a challenge. And it would have no name. And what if it was unexpectedly twins?
UCB - they still throw a lot of money around on basic research. Today, for example, I wrote a massive document based on the results of a very interesting research project related to oncology - funded by one of such agencies.
Ro - we are not talking about classified research. We are taking about what UCB is taking.
@intparent Planned Parenthood says those two were cut because they violated the Byrd rule. I have no way to confirm or deny.
The fetus thing was always just signaling to the base.
You can still open a 529 for yourself and transfer the money when Cletus the fetus makes his debut.
Sure, but I was wondering why they took the signal out. Byrd rule could be it.
Newest CBO report: this will increase the deficit 1.4 TRILLION
$1,400,000,000,000
Also, those poor CBO people working until well after midnight for all of this crap.
Well, suprisingly enough, the amendment to strike the Hillsdale college exception passed a few minutes ago, 52/48 vote.
It won’t let up for the JCT – they have to do it for the reconciled bill, too. And I could see how that could be tough – don’t they need to keep it under $1.5 trillion, and everyone has their pet item they want in. Wrangling 52 Senators is bad enough – add 240 rowdy Republican house members to the mix, and it will be something else. I expect they will do it – and I doubt there will be any more time to read that bill than this one. Because the light of day on this will increase the uproar to untenable levels. So they work in the dead of night with no time for the members and their staff to review it, let alone the American people.
It just passed.
I hope every single one of these people has to answer for their vote. But of course, these effects won’t go in until after the next election. Gee…
All I can do is pray they can’t get enough folks to vote for the reconciled bill.
I can’t believe McConnell said with a straight face everyone had enough time to review the bill. What’s sad is there has been no outrage about the higher education cuts except on this board. Hopefully during reconciliation folks will have time to see the bill and start protesting.
Seriously this will restructure society and widen the wealth gap that already exists.
It doesn’t appear to tax tuition waivers though. Still work to do folks to keep it out of the final bill.
Any significant increase to the national deficit is not good. No matter if the numbers are “off” by, say, a few billion. It’s mind boggling. And it took about 30 years to get a major tax law change. No indication it will happen again in a decade.
This is an interesting article showing how bill affects 5 different taxpayers:https://www.cbsnews.com/news/senate-tax-bill-case-studies-effects-five-families/
@ucbalumnus, just seeing your post from a few pages back. IMO, you are correct if the market holds that middle class investors will reap some benefit from stock repurchase, but I’m a cynic who believes the majority of economists who project this bill will push the economy into recession and the benefit derived will be lost when the market drops due to recession. This is one of those times when I would rather you be right than me, but I am just too much of a pessimist on this one.
@3scoutsmom if the child’s standard deduction also doubles, then less of the taxable scholarship money would be subject to the kiddie tax, right? So that might be a plus.
Not that I agree that taxable scholarships should be lumped in with unearned income like interest and dividends which are subject to kiddie tax.
Also if the parents’ tax rate now goes down then the kiddie tax could also decrease.
I see Cruz added an amendment which allows 529s for religious schools K-12, which passed.
I hope that is taken out in conference.
My college sophomore plans to enter graduate school. I shudder to think of the effects of this pile of heaping $&@t!
A wise man once said, “Don’t get mad, vote!”
If I may, “Get apoplectic and vote!”
Vote with your ballot, vote with your consumer dollars, and vote in your local elections.
Don’t get tired, Expose this corruption and rot. It’s class warfare.
Cue the Grandaddy song from many years ago:
“Now, it’s on!”
I heard last night (forget where) that the Senate bill might be the final bill if things get too dicey in conference. Ryan might just say to his conference they must agree to Senate version of the bill and this is their only chance to get tax cuts for their donors.