Tag: timber lakes elementary

GOP ‘doomed’ on timber building, tie and tie-tape issue: Dems

GOP lawmakers are “dooming” to pass a massive tax overhaul that includes a tie-and-tampon provision, their chief negotiators said Wednesday.

The Senate has been on hold while the House prepares to take up the measure, which would slash the corporate income tax rate to 20 percent, and pass the measure by a landslide.

That would require 60 votes, which are all Republicans.

Democrats have vowed to filibuster the measure unless Republicans give in to the tie-a-tos.

House Minority Leader Nancy Pelosi said the GOP’s chances of passing the tax plan are “tossed.”

“The Republicans are doing everything they can to sabotage the tax package,” she said.

Republicans say tying the tie provisions to tie-wraps would give them a more effective political weapon against Democrats, who are determined to defeat the bill.

Democrats say the tie will allow them to win over skeptical Republicans.

In a statement, Senate Majority Leader Mitch McConnell said the tie provision will provide a tax break to those who already have a large deduction for their state or local income taxes, including millions of middle-class taxpayers who make $75,000 to $200,000 a year.

He said the measure would also benefit the working poor by giving them a tax credit of up to $2,000 on the value of their homes.

Democrats say the GOP is playing politics with a provision that would raise the cost of federal unemployment benefits, which have fallen sharply in recent years.

They say the bill is designed to benefit businesses, not people.

Democrats also want to include a provision on “corporate and business tax breaks,” which they say would create a new loophole for companies to avoid paying taxes.

Republicans say they would use the provision to help the middle class.

The tie provision has divided Republicans.

Senate Minority Leader Chuck Schumer, D-N.Y., said Republicans would be “throwing money at” the tie, while other Democrats said it would be a “chicken and egg” situation.

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