he's actually right about this, letting the TCJA tax cuts lapse would also be catastrophic for the GOP
CNN: Why do you think it's so unpopular? This is underwater by 20 or 30 points
JIM JORDAN: What would be unpopular is letting taxes go up on families we get the privilege of representing. Right now there's polling out there that says whatever.
JIM JORDAN: What would be unpopular is letting taxes go up on families we get the privilege of representing. Right now there's polling out there that says whatever.
July 2, 2025 at 8:33 PM
he's actually right about this, letting the TCJA tax cuts lapse would also be catastrophic for the GOP
I mean, I think the tariff stuff is impairing their ability to *even* get TCJA renewal done
another thing that bears repeating is that i bet people's expectations for government response to a recession are extremely high (CARES/HEROES) and we are just *not* getting that
April 6, 2025 at 12:59 AM
I mean, I think the tariff stuff is impairing their ability to *even* get TCJA renewal done
Until the TCJA, the top 400 US individuals by wealth and the full US population both had effective tax rates of ~30%. The TCJA reduced the Top 400 individuals’ total effective tax rates to 23.8% in 2018 – 2020, well below those of the full population (still ~30%).
www.nber.org/system/files...
www.nber.org/system/files...
August 30, 2025 at 11:07 AM
Until the TCJA, the top 400 US individuals by wealth and the full US population both had effective tax rates of ~30%. The TCJA reduced the Top 400 individuals’ total effective tax rates to 23.8% in 2018 – 2020, well below those of the full population (still ~30%).
www.nber.org/system/files...
www.nber.org/system/files...
The proposed Senate budget resolution would add almost 4x more to the debt than the first TCJA and 3x more than Biden’s covid-relief bill.
April 8, 2025 at 4:31 PM
The proposed Senate budget resolution would add almost 4x more to the debt than the first TCJA and 3x more than Biden’s covid-relief bill.
TCJA 2 is going to be such a nightmare
Republicans are looking at cutting Medicaid and nutrition assistance as a way to partially offset the cost of tax cuts that disproportionately help the rich.
Trump allies eye overhauling Medicaid, food stamps in tax legislation
As Republican leaders look for ways to offset the costs of a new set of tax cuts, social safety net programs are under discussion.
www.washingtonpost.com
November 18, 2024 at 7:16 PM
TCJA 2 is going to be such a nightmare
i mean my god in 2017 they hadn't even passed the TCJA!
July 31, 2025 at 6:02 PM
i mean my god in 2017 they hadn't even passed the TCJA!
i genuinely don't know if they can get a TCJA renewal across the line
IMPORTANT:
House Republicans fail to clinch deal on tax cuts, despite Trump's urging www.investing.com/news/economy...
House Republicans fail to clinch deal on tax cuts, despite Trump's urging www.investing.com/news/economy...
House Republicans fail to clinch deal on tax cuts, despite Trump's urging By Reuters
House Republicans fail to clinch deal on tax cuts, despite Trump's urging
www.investing.com
January 30, 2025 at 12:45 AM
i genuinely don't know if they can get a TCJA renewal across the line
the gop proposal for the child tax credit is evil.
before tcja, parents w/ kids could get it. in tcja, they required the kid be a citizen.
now they’d require both parents be citizens. unless they’re unmarried - then if one’s a citizen they can get it.
punishing kids - and a divorce incentive
before tcja, parents w/ kids could get it. in tcja, they required the kid be a citizen.
now they’d require both parents be citizens. unless they’re unmarried - then if one’s a citizen they can get it.
punishing kids - and a divorce incentive
May 10, 2025 at 3:34 AM
the gop proposal for the child tax credit is evil.
before tcja, parents w/ kids could get it. in tcja, they required the kid be a citizen.
now they’d require both parents be citizens. unless they’re unmarried - then if one’s a citizen they can get it.
punishing kids - and a divorce incentive
before tcja, parents w/ kids could get it. in tcja, they required the kid be a citizen.
now they’d require both parents be citizens. unless they’re unmarried - then if one’s a citizen they can get it.
punishing kids - and a divorce incentive
CRFB: “.. it is almost certainly true that the TCJA meaningfully reduced revenue from where it would have been absent the TCJA.”
www.crfb.org/blogs/has-tc...
www.crfb.org/blogs/has-tc...
Has TCJA Paid For Itself? | Committee for a Responsible Federal Budget
2025-01-22-In early 2018, following passage of the Tax Cuts and Jobs Act (TCJA), the Congressional Budget Office projected revenue co
www.crfb.org
January 22, 2025 at 2:46 PM
CRFB: “.. it is almost certainly true that the TCJA meaningfully reduced revenue from where it would have been absent the TCJA.”
www.crfb.org/blogs/has-tc...
www.crfb.org/blogs/has-tc...
It's sort of funny how the big TCJA increase in the standard deduction makes stories framed around "not itemizing deductions to charity" not make any sense.
April 17, 2026 at 12:46 PM
It's sort of funny how the big TCJA increase in the standard deduction makes stories framed around "not itemizing deductions to charity" not make any sense.
Repeal the TCJA, 37% top marginal rate, and 100,000 new cops*
*IRS agents
*IRS agents
June 14, 2026 at 9:29 PM
Repeal the TCJA, 37% top marginal rate, and 100,000 new cops*
*IRS agents
*IRS agents
They somehow will come up with a money bill less popular than TCJA
February 2, 2025 at 8:08 AM
They somehow will come up with a money bill less popular than TCJA
That "Extend TCJA rates" at the top -- those are the massive tax cuts for the super rich
I read Trump + Senate Republicans' "One Big Beautiful Bill" so you don't have to.
It came out at *midnight* & we're still getting numbers in from Congress's bookkeepers.
Early returns:
Nearly $1 TRILLION in Medicaid cuts.
Happy Saturday. Follow for more.
www.washingtonpost.com/business/202...
It came out at *midnight* & we're still getting numbers in from Congress's bookkeepers.
Early returns:
Nearly $1 TRILLION in Medicaid cuts.
Happy Saturday. Follow for more.
www.washingtonpost.com/business/202...
June 28, 2025 at 8:43 PM
That "Extend TCJA rates" at the top -- those are the massive tax cuts for the super rich
It's basically eviler TCJA and a near equivalent to an ACA repeal. And plenty of both the senate and house conference think it'll be *popular*
July 1, 2025 at 5:27 PM
It's basically eviler TCJA and a near equivalent to an ACA repeal. And plenty of both the senate and house conference think it'll be *popular*
like Trump's team is convinced they have the mandate of heaven to remake the US,
we're probably going to get a reconciliation bill that's like half TCJA, half smoot-hawley and the original TCJA was so unpopular it lost them 40 house seats — this isn't even touching what they do the economy
we're probably going to get a reconciliation bill that's like half TCJA, half smoot-hawley and the original TCJA was so unpopular it lost them 40 house seats — this isn't even touching what they do the economy
November 15, 2024 at 12:14 AM
like Trump's team is convinced they have the mandate of heaven to remake the US,
we're probably going to get a reconciliation bill that's like half TCJA, half smoot-hawley and the original TCJA was so unpopular it lost them 40 house seats — this isn't even touching what they do the economy
we're probably going to get a reconciliation bill that's like half TCJA, half smoot-hawley and the original TCJA was so unpopular it lost them 40 house seats — this isn't even touching what they do the economy
Yeah. They're terrified of this going down and the TCJA expiring.
July 1, 2025 at 4:39 PM
Yeah. They're terrified of this going down and the TCJA expiring.
idk what to say about this, it seems pretty clear that Murkowski made the decision that extending the TCJA outweighed all other concerns, and because the OBBB would go down in flames if she voted no and it would be unclear how to extend the TCJA, she voted yes.
Another rather wild statement from Murkowski — who provides no explanations as to why she accepted the premise of the deadline if she found it so preposterous. She could have just said I'm a firm no until we figure this stuff out in a month!
July 1, 2025 at 9:16 PM
idk what to say about this, it seems pretty clear that Murkowski made the decision that extending the TCJA outweighed all other concerns, and because the OBBB would go down in flames if she voted no and it would be unclear how to extend the TCJA, she voted yes.
yeah you can really tell that TCJA was Paul Ryan's baby
April 6, 2025 at 1:07 AM
yeah you can really tell that TCJA was Paul Ryan's baby
forbidden knowledge on this site: we should keep and expand full expensing from the TCJA
July 30, 2026 at 3:41 PM
forbidden knowledge on this site: we should keep and expand full expensing from the TCJA
I hope democrats make passing their TCJA renewal as painful as possible
I really hope we can shake the idea that helplessness is savvy in the next couple years
November 20, 2024 at 12:22 AM
I hope democrats make passing their TCJA renewal as painful as possible
It's hard to overstate how stupid every element of the tax bill is. For all its faults, TCJA had some reasonable elements like the bigger standard deduction. This time it's pure slop policy from start to finish.
May 22, 2025 at 2:53 AM
It's hard to overstate how stupid every element of the tax bill is. For all its faults, TCJA had some reasonable elements like the bigger standard deduction. This time it's pure slop policy from start to finish.
Either the extension of the TCJA is a continuation of tax breaks, or it isn’t.
You can’t argue that it “saves” taxpayers additional money (calculating savings as if it would have expired) and then argue there’s no change to the deficit (because you’re using the TCJA as a baseline).
August 15, 2025 at 12:33 PM
Either the extension of the TCJA is a continuation of tax breaks, or it isn’t.
You can’t argue that it “saves” taxpayers additional money (calculating savings as if it would have expired) and then argue there’s no change to the deficit (because you’re using the TCJA as a baseline).
NEW from me at MSNBC: The wildly irresponsible GOP tax bill:
- Costs more than the 2017 TCJA, 2020 CARES Act and 2021 American Rescue Plan - Combined.
- Is a special interest bonanza that won't help economy.
- Spends $52B bailing out farmers.
- Is already raising interest rates.
- Costs more than the 2017 TCJA, 2020 CARES Act and 2021 American Rescue Plan - Combined.
- Is a special interest bonanza that won't help economy.
- Spends $52B bailing out farmers.
- Is already raising interest rates.
May 25, 2025 at 11:10 PM
NEW from me at MSNBC: The wildly irresponsible GOP tax bill:
- Costs more than the 2017 TCJA, 2020 CARES Act and 2021 American Rescue Plan - Combined.
- Is a special interest bonanza that won't help economy.
- Spends $52B bailing out farmers.
- Is already raising interest rates.
- Costs more than the 2017 TCJA, 2020 CARES Act and 2021 American Rescue Plan - Combined.
- Is a special interest bonanza that won't help economy.
- Spends $52B bailing out farmers.
- Is already raising interest rates.
COLLINS: What economists that Republicans have heard from have told you this bill will not add to the deficit?
MARKWAYNE MULLIN: Well, the same economists that you're referring to said the TCJA was gonna add $1.5t in deficits
(That's a long way of saying "none")
MARKWAYNE MULLIN: Well, the same economists that you're referring to said the TCJA was gonna add $1.5t in deficits
(That's a long way of saying "none")
June 5, 2025 at 1:14 AM
COLLINS: What economists that Republicans have heard from have told you this bill will not add to the deficit?
MARKWAYNE MULLIN: Well, the same economists that you're referring to said the TCJA was gonna add $1.5t in deficits
(That's a long way of saying "none")
MARKWAYNE MULLIN: Well, the same economists that you're referring to said the TCJA was gonna add $1.5t in deficits
(That's a long way of saying "none")
reupping the TCJA taxes has really put the Republicans in a rough position because they’re going to deliver nearly no goodies with their shit sandwich
June 29, 2025 at 3:44 AM
reupping the TCJA taxes has really put the Republicans in a rough position because they’re going to deliver nearly no goodies with their shit sandwich