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GOP rep unveils 'Crumbs Act' to make bonuses tax-free
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Kaplony Offline
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Post: #1
GOP rep unveils 'Crumbs Act' to make bonuses tax-free
http://www.foxnews.com/politics/2018/02/...elosi.html

Quote:A Republican lawmaker is set to unveil legislation that would make most bonuses given out as a result of President Trump's tax reform plan tax-free -- and took a jab at House Minority Leader Nancy Pelosi with the bill's name.

Rep. Todd Rokita, R-Ind., has dubbed his bill the "Creating Relief and Useful Middle-Class Benefits and Savings" -- or "CRUMBS" Act. Pelosi, D-Calif., famously referred to the bonuses as "crumbs" in criticizing the tax plan last month.

"Americans are receiving thousands of dollars in bonuses and more money in their paychecks thanks to President Trump's tax reform, but out-of-touch Democratic leaders believe they only amount to crumbs," Rokita said in a statement. "The CRUMBS Act will let Americans keep more of the money they receive as a result of President Trump's tax reform, and allow them, not the government, to choose how best to spend their bonuses

Rokita's bill would make bonuses received by workers in 2018 tax-free up to $2,500. Since tax reform was signed into law this past December, multiple companies have given out bonuses and pay raises in anticipation of increased tax savings.

03-lmfao
02-13-2018 11:38 PM
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Kronke Offline
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Post: #2
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Brilliant.
02-13-2018 11:42 PM
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shere khan Offline
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Post: #3
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
[Image: 1.Ragnar-toast.gif]

CRUMBS
(This post was last modified: 02-14-2018 12:39 AM by shere khan.)
02-14-2018 12:38 AM
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ODUsmitty Offline
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Post: #4
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Rep Rokita and Kaplony get a solid +3 for that.
02-14-2018 12:58 AM
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Machiavelli Offline
Back to Reality. Oh there goes Gravity

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Post: #5
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Yeah

Santa Claus is real..........
02-14-2018 06:53 AM
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miko33 Offline
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Post: #6
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Nice troll job of Pelosi, but I'm against making the bonuses tax free. It's just a cheap political trick. We have new tax laws now, so just let it play out and let's see what happens.
02-14-2018 07:20 AM
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bullet Offline
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Post: #7
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
(02-14-2018 12:58 AM)ODUsmitty Wrote:  Rep Rokita and Kaplony get a solid +3 for that.

More complications of the tax code? Fortunately, I doubt it will pass.
02-14-2018 07:23 AM
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stinkfist Online
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Post: #8
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
(02-14-2018 07:20 AM)miko33 Wrote:  Nice troll job of Pelosi, but I'm against making the bonuses tax free. It's just a cheap political trick. We have new tax laws now, so just let it play out and let's see what happens.

there's another way to look at that.....

what if one tossed all of that into a Roth IRA....

that's bang bang #win....

the one's that can't simply fund spending....

the one's that can fund a zero taxed market.....

until we achieve a consumption taxed based system, I really don't see anything other than protect the USD at all cost until it becomes worthless....

with the nat'l debt exponentially growing, it's just a matter of when 'margin call' comes to fruition....

I'm in the camp that growing the debt was okay..........until ZERO fk'n doubled it.....

bitcoin and other forms of 'value' are going to become a serious problem very soon unless drastic measures are taken moving forward.....
02-14-2018 07:30 AM
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solohawks Offline
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Post: #9
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Will it come up for a vote? I bet this dies in committee
02-14-2018 08:22 AM
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TigerBlue4Ever Offline
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Post: #10
RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
(02-14-2018 12:38 AM)shere khan Wrote:  [Image: 1.Ragnar-toast.gif]

CRUMBS

Love that show.
02-14-2018 08:50 AM
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Jjoey52 Offline
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Post: #11
GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Seen that last month they had a surplus, wonder if it was a fluke or start of a trend


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02-14-2018 08:54 PM
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