Tuesday, June 11, 2024

Which Republicans Voted Against The Tax Reform Bill

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These Are The 12 House Republicans Who Voted Against The Tax Bill

Senate Democrats Pass Inflation Reduction Act Without A Single Vote From GOP Senators

Congressional Republicans support for the Tax Cuts and Jobs Act was overwhelmingbut not universal.

The tax reform bill easily passed the House of Representatives Tuesday, with 227 members of Congress voting for it and 203 voting against. The Senate is expected to vote on the bill late Tuesday before sending it to President Donald Trumps desk.

The vote was almost entirely divided along party lines no Democrats voted for the bill, and only twelve Republicans voted against it. Those Republicans are:

  • Rep. Dan Donovan, 11th District of New York

  • Rep. John Faso, 19th District of New York

  • Rep. Rodney Frelinghuysen, 11th District of New Jersey

  • Rep. Darrell Issa, 49th District of California

  • Rep. Walter Jones, 3rd District of North Carolina

  • Rep. Peter King, 2nd District of New York

  • Rep. Leonard Lance, 7th District of New Jersey

  • Rep. Frank LoBiondo, 2nd District of New Jersey

  • Rep. Dana Rohrabacher, 48th District of California

  • Rep. Chris Smith, 4th District of New Jersey

  • Rep. Elise Stefanik, 21st District of New York

  • Rep. Lee Zeldin, 1st District of New York

Donovan said in a statement that he was unable to support the bill because it capped the state and local tax deductions at $10,000. He said he had been fighting tooth and nail to protect the deduction, along with fellow GOP members of the New York congressional delegation, Faso, King, Stefanik and Zeldin.

Republicans Pass Historic Tax Cuts Without A Single Democratic Vote

Vice President Mike Pence walks through the Capitol to the House Chamber to watch the passage of the Republican tax bill. Photo: J. Scott Applewhite / AP

For history 12:47 a.m.: WASHINGTON Senate passes 1st major rewrite of US tax code in 31 years, setting stage for final House vote on Wednesday.

Being there,per AP: he Senate narrowly passed the legislation on a party-line 51-48 vote. Protesters interrupted with chants of kill the bill, dont kill us and Vice President Mike Pence repeatedly called for order. Upon passage, Republicans cheered, with Treasury Secretary Steve Mnuchin among them.

  • Just before 2:30 p.m., the House had passed the bill 227-203. But three provisions violated Senate rules, forcing the Senate to vote to strip them out. So the massive bill was hauled back across the Capitol for the House to vote again , and Republicans have a chance to celebrate again.
  • Senate: Voting yes were 0 Democrats and 51 Republicans. Voting no were 46 Democrats, 0 Republicans and 2 independents.
  • House:Voting yes were 0 Democrats and 227 Republicans. Voting no were 191 Democrats and 12 Republicans. There are 3 vacancies.
  • House Majority Whip Steve Scalise says House Appropriations Chair Rodney Frelinghuysen should retain his position even though he voted against the GOP tax overhaul.

Republican Tax Bill Moves Closer To Passage As Key Holdouts Come On Board

  • Bob Corker and Marco Rubio say they will vote in favor of $1.5tn bill
  • Donald Trump wants sign controversial legislation before Christmas

The GOPs $1.5tn tax reform bill is heading toward a final vote and possible victory before Christmas with support from key Republican holdouts who had raised concerns about the deficit and a child tax credit.

Bob Corker of Tennessee, a frequent critic of Donald Trump and the only Republican senator who voted against the legislation in the Senate, announced Friday that he would back a final version of the bill despite his concerns about the deficit. Corker said: I believe that this once-in-a-generation opportunity to make US businesses domestically more productive and internationally more competitive is one we should not miss.

Senator Marco Rubio, of Florida, also said he would back the bill, a day after he threatened to vote against it if lawmakers did not expand access to a child tax credit for lower-income families. He tweeted that the legislation would allow a higher percent of a child tax credit to be refundable, calling it a solid step toward broader reforms which are both Pro-Growth and Pro-Worker.

For far too long, Washington has ignored and left behind the American working class. Increasing the refundability of the Child Tax Credit from 55% to 70% is a solid step toward broader reforms which are both Pro-Growth and Pro-Worker.

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Rep Peter T King Of New York

King also voted no due to the SALT deduction changes, and he warned that passing the tax bill would cause Republicans to lose House seats next year. The 13-term congressman is a new DCCC target though Trump carried his 2nd District by 9 points. One of the Democrats hoping to take on King, Tim Gomes, has loaned his campaign $1 million. Inside Elections rates the race Solid Republican.

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Here’s Why 20 House Republicans Voted Against A Key Step On Tax Reform

Christmas Eve vote on tax reform is likely, Patrick McHenry says ...

The Republican tax reform bill squeaked through a key vote Thursday, as 20 GOP lawmakers objected to the elimination of a popular deduction and other parts of the still nascent plan.

The 216-212 vote to approve a budget framework set the stage for the Senate to pass a tax bill with only 51 votes, a threshold it can meet with only Republican votes.

But the narrowness of the vote shows that GOP leaders still have a tough fight ahead as they turn the White Houses nine-page proposal into actual legislation and fill in more details.

Eleven of the Republicans who voted against the budget were from states like New Jersey and New York, where residents will get hit harder by a part of the tax reform bill that would end a popular deduction for state and local taxes.

Dont make us give our money to other parts of the country and then tax us like its still in our pockets, Rep. Tom MacArthur, a New Jersey Republican, told reporters shortly after voting against the budget. Thats what the effect of eliminating the state and local tax deductibility would be.

He stressed that the controversial measures within the tax plan were still up for debate. I voted no because we dont have a deal yet were seven to eight innings into this and we dont have a deal, he said. Twenty people voted no and dozens of others voted yes holding their noses. Leadership knows if we dont get this resolved, we cant move forward on tax reform. This isnt over.

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State And Local Tax Deduction

The new law caps the deduction for state and local taxes at $10,000 through 2025. A number of Republican members of Congress representing high-tax states opposed attempts to eliminate the deduction, as the Senate bill would have done.

The Senate bill was amended on Dec. 1, 2017, apparently to win Susan Collins support:

The Senate tax bill will include my SALT amendment to allow taxpayers to deduct up to $10,000 for state and local property taxes. Sen. Susan Collins Dec. 1, 2017

Senate Passes Sweeping Climate Health And Tax Package Putting Democrats On Cusp Of Historic Win

WASHINGTON Senate Democrats narrowly passed a sweeping climate and economic package on Sunday, putting President Joe Biden and his party on the cusp of a big legislative victory just three months before the crucial November midterm elections.

After a marathon overnight Senate session, the 51-50 vote was strictly along party lines, with all Republicans voting no and all Democrats voting yes. After Vice President Kamala Harris cast the tie-breaking vote, Democrats stood and applauded.

The legislation, dubbed the Inflation Reduction Act, now heads to the House, which plans to return from its summer recess on Friday, pass the legislation and send it to Biden’s desk for his signature.

More from NBC News:3 dead after lightning strike near White House

“It’s been a long, tough and winding road, but at last we have arrived. I know it’s been a long day and a long night. But we’ve gotten it done today,” Senate Majority Leader Chuck Schumer said on the floor before the final vote.

“After more than a year of hard work, the Senate is making history. I am confident the Inflation Reduction Act will endure as one of the defining legislative feats of the 21st century.”

The 755-page bill includes $430 billion to combat climate change and extend health care coverage, paid for with savings on prescription drugs and taxes on corporations. It puts hundreds of billions of dollars toward deficit reduction.

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Paul Ryan: ‘don’t Forget This Is A Big Tax Cut For Families As Well’

A day earlier, speaking on the House floor moments before the vote, Ryan said the legislation will “help hard-working Americans who have been left behind for too long.”

“Today, we are giving the people their money back,” he said, adding that a typical family would get a $2,059 tax cut next year.

Democrats opposed bill as a boon to the wealthy while offering little for the middle class, with House Minority Leader Nancy Pelosi, D-Calif., calling it “the worst bill to ever come to the floor of the House.”

There were a number of protesters in Congress on Tuesday, on both the House and Senate sides. Protesters interrupted the Senate’s final late night vote numerous times, at one point shouting, “Kill the bill. Don’t kill us.” One protester interrupted Ryan in the House when he was speaking.

The GOP bill lowers individual tax rates, including the top bracket to 37 percent from 39.6, while doubling the standard deduction and replacing personal exemptions with a $2,000 partly refundable child tax credit. It eliminates various deductions while limiting others on state and local taxes and mortgage interest. It also exempts larger inheritances from the estate tax, doubling the thresholds to $11 million for individuals and $22 million for married couples.

Congratulations to Paul Ryan, Kevin McCarthy, Kevin Brady, Steve Scalise, Cathy McMorris Rodgers and all great House Republicans who voted in favor of cutting your taxes!

Donald J. Trump

Benjy Sarlin is policy editor for NBC News.

Churches And Nonprofit Organizations

Senate Democrats pass climate, tax bill Idaho senators blast ‘tax-and-spend’ strategy

Employee compensation

There is a 25% excise tax on compensation paid to certain employees of churches and other tax-exempt organizations. The excise tax applies to any organization that is tax-exempt under 501 or 501, a Section 521 farmer’s cooperative, Section 527 political organizations, and organizations that have Section 115 income that is earned by performing essential government functions.

The excise tax applies to compensation paid to certain employees in excess of $1,000,000 during the year. The employees covered under this rule are the organization’s five highest-compensated employees and any employees who previous had this status after 2016. Compensation is exempt from the excise tax if the compensation is paid to medical doctors, dentists, veterinarians, nurse practitioners, and other licensed professionals providing medical or veterinary services. Compensation includes all current compensation, qualifying deferred compensation, non-qualifying deferred compensation without substantial risk of forfeiture, income under Section 457, and severance payments, but excluding Roth retirement contributions.

An organization may also be subject to the 21% excise tax if an organization has a deferred compensation plan in which benefits are spread over several years and then vest all at once. Severance payments exceeding triple an employee’s average salary during the last five years may also be subject to the 21% excise tax.

University investment tax

Unrelated business income

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The Secret Saga Of Trumps Tax Cuts

That increase and higher dividends augmented the holdings of 43 Republicans who voted for the tax bill, including seven senators and their spouses who owned Apple stock in 2018: John Hoeven of North Dakota David Perdue of Georgia Arizonas Jeff Flake, now retired Jim Inhofe of Oklahoma and the spouses of Pat Roberts of Kansas, Maines Susan Collins, and Shelley Capito of West Virginia.

A spokesperson for Hoeven said that he follows Senate regulations and reporting requirements. Sen. Collinss husbands portfolio decisions are all made by a financial adviser, a Collins spokesperson said, and he has not bought or sold Apple stock since 2015.

Perdue is one of the wealthiest senators, with a net worth of $15.8 million, $14 million of which is in stocks, according to Roll Call. In 2018, with his wife, Perdue owned $100,000 to $250,000 in Apple stock, he reported. The couple sold some of it and received annual dividends and capital gains that year between $15,000 and $50,000.

The optics that the tax cuts would boost the prices of stock he owned apparently didnt concern Perdue. Weeks before Republicans passed the tax bill, Fox News host if he was worried that the corporate cuts would result in buybacks and increased dividends instead of new jobs.

Well, Maria, he answered, I come from the school that, you know, all of the above is acceptable. This is capitalism. He later added that it was all about capital flow, whether for jobs, economic growth, or dividends.

Money To State And Local Governments

The $350 billion to help cash-strapped states, cities and tribal governments confronting the pandemic has drawn ire from Republicans.

Pointing to the ballooning national debt, GOP lawmakers say the state and local aid provision is an unnecessary part of a liberal wish list that would disproportionately benefit blue states that were quicker than red ones to shut down their economies and suffered larger financial loses.

More:Democrats want to send $350B to cities and states with Bidens COVID-19 relief bill, but Republicans see it as wasteful

They want to send wheelbarrows of cash to state and local bureaucrats to bail out mismanagement from before the pandemic, Senate Minority Leader Mitch McConnell, R-Ky., said Wednesday. Theyre changing the previous bipartisan funding formula in ways that will especially bias the money toward big blue states.

Democratic lawmakers and a bipartisan coalition of mayors support the funding due to a double whammy saddling states and local government through no fault of their own: declining tax revenues from the economic shutdown and swelling public assistance needs.

More:Do states and cities need Bidens $350 billion in direct COVID-19 relief? It depends where youre asking

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Student Loans And Tuition

The House bill would have repealed the deduction for student loan interest expenses and the exclusion from gross income and wages of qualified tuition reductions. The new law left these breaks intact and allowed 529 plans to be used to fund K to 12 private school tuitionup to $10,000 per year, per child. Under the SECURE Act of 2019, the benefits of 529 plans were expanded, allowing plan holders to also withdraw a maximum lifetime amount of $10,000 per beneficiary penalty-free to pay down qualified student debt.

Minor Impact On Economic Growth

Senate Republican tax plan clears hurdle with help from two key GOP ...

Paul Krugman disputed the Administration’s primary argument that tax cuts for businesses will stimulate investment and higher wages:

  • Foreigners own about 35% of U.S. equities, so as much as $700 billion of the tax cut will go overseas, as corporate after-tax income will flow to these investors as stock buybacks and dividends.
  • CEOs indicate that tax cuts are not a big factor in investment decisions.
  • Significantly increasing capital expenditures requires an inflow of foreign capital, strengthening the dollar, increasing trade deficits and potentially costing up to 2.5 million manufacturing and supporting jobs.

In November 2017, the University of Chicago asked over 40 economists if U.S. GDP would be substantially higher a decade from now, if either the House or Senate bills were enacted, with the following results: 52% either disagreed or strongly disagreed, while 36% were uncertain and only 2% agreed.

The Tax Policy Center estimated that GDP would be 0.3% higher in 2027 under the House bill versus current law, while the University of Pennsylvania Penn Wharton budget model estimates approximately 0.30.9% for both the House and Senate bills. The very limited effect estimated is due to the expectation of higher interest rates and trade deficits. These estimates are both contrary to the Administration’s claims of 10% increase by 2027 and Senator Mitch McConnell’s estimate of a 4.1% increase.

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Republicans Sprinting Toward Tax Cuts Deficits Be Damned

WASHINGTON House Republicans are moving closer to adopting the Senate budget this week, a significant step toward the GOPs ultimate goal of cutting taxes. But Republicans still havent settled many of the details in their tax proposal, even as they vote to increase the debt by $1.5 trillion.

The House is tentatively scheduled to vote Thursday on the Senates budget proposal, which is needed as a legislative vehicle to carry out tax reform by reconciliation a process that allows the Senate to pass a bill by a simple majority.

Yet the tax proposal remains in a paradoxical state: simultaneously written and unwritten. Republicans have a framework, they apparently have legislative text, but theyve left some major decisions undecided.

Weve been writing for the past year on this, House Ways and Means Committee Chairman Kevin Brady told HuffPost on Tuesday, while noting that Republicans are still making adjustments.

The tax bill clearly has some momentum right now, after the Senate approved its budget and House conservatives agreed to simply take the Senate language instead of trying to conference differences between the House and Senate.

One conservative lawmaker told HuffPost that members of the Freedom Caucus cut a deal with leadership, exchanging their votes on the budget to speed up the tax bills release by at least two weeks, possibly three weeks so it will have a better chance.

Republicans Vote Against Gas Price Gouging Bill

In a fairly close House vote on Thursday, a Democratic bill cracking down on price gouging by the energy industry passed 217 to 207.

Oil and gas companies have bragged about their enormous profits to the dismay of many, except of course, Republicans.

The bill may be caught up in the Senate with Manchin being the Debbie Downer, but the kicker is that every House Republican voted against this bill.

We just voted to crackdown on price gouging at gas stations and every single republican voted no.

Bill Pascrell, Jr. May 19, 2022

Every one of them.

NPR reports, “A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency that would make it unlawful to increase gasoline and home energy fuel prices in an excessive or exploitative manner. The bill directs the Federal Trade Commission to punish companies that engage in price gouging.”

The only thing Republicans do well is go on Fox News and other wingnut outlets and scream and yell about rising gas prices. When they have a chance to help voters, they refuse.

We remember, though.

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