Home LIFESTYLE Style News Paul Ryan Threatens to Cancel Christmas If Republicans Don’t Fall in Line

Paul Ryan Threatens to Cancel Christmas If Republicans Don’t Fall in Line

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For a certain subset of lawmakers, slashing taxes for the wealthy and corporate America takes precedent over all else. We speak, of course, of Republicans, who are currently working on tax-reform legislation that would disproportionately benefit people like Donald Trump and do little—and in some cases actually hurt— low- and middle-income families, even (and, in some cases, especially) if it means cutting trillions from Medicaid and Medicare. As young Republicans in the schoolyard, this is the sort of thing these people daydreamed about; later, as undergrads, beneath posters of Ronald Reagan tacked to their walls, they would tell their suite-mates about their plans to go to Washington and write laws transferring trillions to the rich. As young twentysomethings, they wondered why their blind date with a sick grandmother never came back from the bathroom after being told, “My tax dollars are paying for your Nana’s dialysis.” And now, in a sign of just how badly the second coming of Alex P. Keaton wants to make tax cuts happen, House Leader Paul Ryan has threatened to make his colleagues stay in Washington longer than they are contractually obligated.

Speaking at a Heritage Foundation event Thursday, Ryan told the crowd, “We’re going to keep people here for Christmas if we have to. I don’t care. We have to get this done.” While he was undoubtedly serious about the threat, Ryan noted that he doesn’t think it will come to exchanging gifts at the Capitol; the current plan is for Republicans to pass a tax bill through reconciliation, given that they’re unlikely to gain Democratic support for a plan will, at best, toss middle-class families an extra few hundred bucks a year. On the other hand, passing tax reform through a simple majority means Trump can’t afford to piss off more than two Republican senators, and right now he’s working the the last nerves of a whole bunch of them. So everyone should probably have a pair of Christmas PJs tucked away in their desks, just in case.

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Chuck Grassley fact-checks Trump’s tall tax tails

Speaking of people who are sick of Trump’s schtick—in this case, his penchant for trafficking in “alternative facts”—Republican Senator Chuck Grassley took to Twitter today to tell the president that the claim he’s ushering in the yugest tax cut ever is about as accurate as Trump’s insistence that he’s doing a great job in Puerto Rico.

Goldman Sachs is getting into the house-flipping business

If Christina and Tarek can get $456,000 for slapping some cheap finishings on a 1970s ranch and billing it as mid-century modern, why can’t I, is what we assume was the thinking on Lloyd Blankfein’s part that led to this:

Goldman Sachs is acquiring Genesis Capital, a private Los Angeles firm that backs investors seeking to buy, renovate and quickly sell single-family homes, according to people familiar with the matter. Genesis, founded in 2007, has been growing rapidly as the housing market continues to recover. Last year, the firm lent $1 billion, up from $50 million in 2013.

Equifax should probably just pack it in at this point

Did you recently visit Equifax’s Web site to check your credit score, out of fear yours had been affected by the massive breach that occurred over the summer? Congratulations, your computer is probably infected now.

Embattled Equifax said Thursday that its website was used to serve “malicious content” to consumers. The issue was due to code created by an unnamed vendor that Equifax was using to collect performance data on the company’s Web site. Equifax, already under scrutiny for its security practices, moved one of its webpages offline amid reports of a possible hack on Thursday, and has removed the vendor’s code from its webpage and took the page offline “to conduct further analysis.” Equifax systems weren’t compromised, the company said in a statement.

Next up: sign up for free credit monitoring, and Equifax will send someone to your house to punch you in the face.

Elsewhere!

Fed Study Suggests Trump May Have Fed to Thank for Stock Rally (Bloomberg)

JPMorgan Profit Tops Street Estimates, but Bond Trading Revenue Plummets (CNBC)

U.S. Banks Pinched by Trump Policy Gridlock (Financial Times)

Bitcoin Can Now Buy You Citizenship in One of the World’s Happiest Countries (Bloomberg)

House G.O.P. Moves Toward Keeping Partial State and Local Tax Deduction (W.S.J.)

Mnuchin Backs Key Provision in Trump Tax Plan That Would Hit Democrats Hardest (CNBC)

Warren Buffett Having Second Thoughts About Immortality (Dealbreaker)

As “Unicorns” Emerge, Utah Makes a Case for Tech Entrepreneurs (Dealbook)

Trump Interviews Stanford Economist John Taylor for Fed Chairman Job (W.S.J)

New York School Makes Record 504-Foot Sushi Roll (UPI)



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