The New Exchange » So how do you feel about the tax bill that will likely soon become law

Just Fred · 12/05/2017 10:31 am

Aren't there some non-tax issues hidden away in this bill, too?

Tarnation · 12/05/2017 12:20 pm

https://www.axios.com/the-odd-amendments-included-in-the-gop-tax-plan-2514179293.html

Odd amendments included in the tax plan:Sen. Orrin HatchProhibit things like cash and gift cards to be given as employee achievement awards. Makes qualifying private religious school tuition deductible. Sen. Joni ErnstEliminate Congress' tax deduction for living expenses in D.C. Per the Omaha World-Herald, Ernst said: "Congress should lead by example and offer up its own unnecessary tax break." Sen. Jerry MoranTreat Indian tribal governments as State governments for specific Federal tax purposes, and others. Sen. Pat ToomeyTax exemption for Hillsdale College (and only Hillsdale College) in Michigan. The small Christian college has connections to Secretary of Education Betsy DeVos. It was ultimately struck out of the Senate's final version of the bill. Sen. Dan SullivanExempts cruise ships from taxes while docking in Alaska. Sen. Cory GardnerExempts kombucha, a fermented tea, from alcoholic beverage excise taxes and regulations. Allow deductions and credits relating to expenditures in connection with legal marijuana sales.

Tarnation · 12/05/2017 12:20 pm

https://www.axios.com/the-odd-amendments-included-in-the-gop-tax-plan-2514179293.html

Odd amendments included in the tax plan:Sen. Orrin HatchProhibit things like cash and gift cards to be given as employee achievement awards. Makes qualifying private religious school tuition deductible. Sen. Joni ErnstEliminate Congress' tax deduction for living expenses in D.C. Per the Omaha World-Herald, Ernst said: "Congress should lead by example and offer up its own unnecessary tax break." Sen. Jerry MoranTreat Indian tribal governments as State governments for specific Federal tax purposes, and others. Sen. Pat ToomeyTax exemption for Hillsdale College (and only Hillsdale College) in Michigan. The small Christian college has connections to Secretary of Education Betsy DeVos. It was ultimately struck out of the Senate's final version of the bill. Sen. Dan SullivanExempts cruise ships from taxes while docking in Alaska. Sen. Cory GardnerExempts kombucha, a fermented tea, from alcoholic beverage excise taxes and regulations. Allow deductions and credits relating to expenditures in connection with legal marijuana sales.

Just Fred · 12/05/2017 12:41 pm

Thanks, Tarnation. Some questionable things in there. I'm sure there are more. Wasn't there something about private jets, too? Anyway, the whole thing appears to be half-baked.

Tarnation · 12/05/2017 9:28 pm

The tax bill is a prime example of why it said that "crafting legislation is like sausage making: Not for the squeamish or fainthearted".

Full disclosure: I've participated in sausage (and scrapple and pudding) making during country butcherings.

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12/05/2017 10:31 am #11

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12/05/2017 12:20 pm #12

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12/05/2017 12:41 pm #14

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12/05/2017 9:28 pm #15

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