(THREAD) Epic screw-up in the tax bill the Senate just passed. They lowered the corporate rate to 20%, but accidentally put in an alternative minimum tax (AMT) of 20%. That's right. The same rate. (Maybe rushing it through wasn't the best idea). Here are some implications:
-
Show this thread
-
Replying to @NGrossman81
Why does the Senate need to pass a new bill? Can't they just change it in reconciliation?
1 reply 1 retweet 3 likes
Replying to @TimWilliamsII
Reconciliation is a Senate rule that allows budgetary bills to be passed without permitting filibusters. As for the House-Senate conference committee, whatever they put together has to be passed by both houses.
5:45 PM - 4 Dec 2017
from Illinois, USA
0 replies
4 retweets
26 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.