GOVEROTRAGEOUS: Marginal Rates Could Top 100% for Some?

FROM BEHIND THE WSJ PAYWALL

https://www.wsj.com/articles/the-taxman-cometh-senate-bills-marginal-rates-could-top-100-for-some-1512942118

POLITICS
The Taxman Cometh: Senate Bill’s Marginal Rates Could Top 100% for Some
Certain high-income business owners would face backwards incentives; lawmakers work to bridge gap
By Richard RubinUpdated Dec. 10, 2017 6:46 p.m. ET

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WASHINGTON—Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, far beyond the listed rates in the Republican plan.

That means a business owner’s next $100 in earnings, under certain circumstances, would require paying more than $100 in additional federal and state taxes.

As lawmakers rush to write the final tax bill over the next week, they already are looking at changes to prevent this from happening. Broadly, House and Senate Republicans are trying to reconcile their bills, looking for ways to pay for eliminating the most contentious proposals. The formal House-Senate conference committee will meet on Wednesday, and GOP lawmakers may unveil an agreement by week’s end.

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Would anyone like them to be required to READ what they are voting on?

DNF Democrat Nancy Pelosi’s “Have to pass the bill so you can see what’s in it”?

Argh!

https://downsizedc.org/rtba/

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If ignorance of the law is no excuse for me, neither can it be permitted to you.

Congress keeps voting on healthcare bills that no member has even seen, let alone read. This must end. But I can’t expect Congressional leaders to end the practice because they benefit from it. That means I have to rely on YOU, my supposed representative.

I can see no good reason why you would NOT introduce RTBA. I want you to immediately contact Downsize DC and work with them to introduce this bill.

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Seems simple enough!

Argh!

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