Kaplony
Palmetto State Deplorable
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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.
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02-13-2018 11:38 PM |
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Kronke
Banned
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Brilliant.
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02-13-2018 11:42 PM |
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shere khan
Southerner
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
CRUMBS
(This post was last modified: 02-14-2018 12:39 AM by shere khan.)
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02-14-2018 12:38 AM |
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ODUsmitty
Heisman
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Rep Rokita and Kaplony get a solid +3 for that.
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02-14-2018 12:58 AM |
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Machiavelli
Back to Reality. Oh there goes Gravity
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Yeah
Santa Claus is real..........
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02-14-2018 06:53 AM |
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miko33
Defender of Honesty and Integrity
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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.
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02-14-2018 07:20 AM |
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bullet
Legend
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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.
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02-14-2018 07:23 AM |
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stinkfist
nuts zongo's in the house
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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.....
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02-14-2018 07:30 AM |
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solohawks
Hall of Famer
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
Will it come up for a vote? I bet this dies in committee
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02-14-2018 08:22 AM |
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TigerBlue4Ever
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RE: GOP rep unveils 'Crumbs Act' to make bonuses tax-free
(02-14-2018 12:38 AM)shere khan Wrote:
CRUMBS
Love that show.
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02-14-2018 08:50 AM |
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Jjoey52
All American
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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
Sent from my iPad using Tapatalk
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02-14-2018 08:54 PM |
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