Before I review the final version of HR-1, now known as PL 115-97 (the series starts tomorrow!), it’s important to review the current state of affairs at the IRS (Internal Revenue Service).
Let’s be totally clear. I don’t expect this bill to pass the House and the Senate. At least not as it’s currently written. But, y’all should know what are the current thoughts. (I’m being generous here, since so many have no idea what’s in this bill, and that’s for representatives from BOTH parties. Note further that this was written on 2 November 2017.)
Let’s consider a few claims made by both parties.
They believe in Capitalism, but not Crony Capitalism. Except they we protect firms with special rules to preclude their failure. They encourage these firms to line their pockets (oh, wait- they call them political contributions) so they write special tax provisions to give them unfair advantages.
For some 7 years now, all we’ve been hearing from the GOP is that Obamacare (aka PPACA- the Patient Protection and Affordable Care Act, aka ACA) is horrendous, it’s failing, and it must be repealed. But, we’ve seen what the House GOP produced- and now the Senate GOP has just proved that they can produce something worse that Obamacare. MUCH, MUCH, Worse.
Privacy. We all want it. But, we’ve already seen that the GOP doesn’t believe we deserve it. After all, in late March, they demanded that the FCC rules on internet privacy be rescinded. (I say GOP because the legislation passed 215 to 205 in the House- with nary a Democratic Congressperson agreeing with the bill that was sent to the President to sign into law. But, 15 Republicans didn’t agree with the bill and did vote no.)
Here we go again. It looks like the GOP is ready to throw a bunch of monkey wrenches into the Obamacare (PPACA, Patient Protection and Affordable Care Act) system.