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Tuesday , October 25 2016

While Americans were drunk and partying, this is what Senate Democrats and Republicans passed

Last night just before 2 AM, the Senate overwhelmingly agreed to pass a bill that will avert the Fiscal Cliff.

The bill is pretty straightforward. Income tax rates will only rise on those making over $400K (liberals wanted $250K, GOP wanted no taxes to rise). Spending cuts will be delayed for 2 months to give the sides more time to address them.

So why is the bill 157-pages long?

Because when Washington does business and passes a huge bill, there are all kinds of little other pre-existing tax things most Americans have never heard of, but which needed to be extended, that also get into the bill. It’s just how it works.

1. There’s a provision extending a tax policy related to Puerto Rican rum.


2. And a tax credit for 2- and 3-wheel electric vehicles.


3. Something having to do with Diesel Fuel:


4. An extension of some special rules for the film and television business.


5. A gift to the car-racing world.


6. Help to asparagus farmers.


Some might think this is nefarious — that politicians see a huge bill and then sneak in all these random things.

The reality is more like these have been around for a while, and every time a big bill comes up about taxes expiring, they get extended too.

About Wayne Dupree

My name is Wayne Dupree or as most of you know me by, Newsninja2012. I am and have been committed to exposing the Democrats in a way that has been frowned upon by some conservatives and cheered by many more.

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