Politics

JUST IN: House of Reps APPROVES TAX REFORM Legislation

posted by Hannity Staff - 12.19.17

The House of Representatives successfully passed the highly anticipated GOP tax reform legislation Tuesday afternoon, slashing taxes for average Americans and clearing a key hurdle in getting the bill to the President’s desk by Christmas.

GOP lawmakers managed to pass the overhaul of the nation’s outdated and overly complicated tax code along mostly partisan lines; sending the legislation to the US Senate with a 227-203 vote.

“Today, we are giving the people of this country their money back,” House Speaker Paul Ryan  said on the House floor. “This is real relief, and people are going to see this in their paychecks before too long… This is the greatest example of a promise being made and a promise being kept.”

The $1.5 trillion tax package now heads to the United States Senate, where a simple 51 vote majority will advance the legislation to the President.

Mitch McConnell and other members of the GOP leadership urged a speedy passage of the bill this week, before Democrat Doug Jones cuts the Senate’s razor-thin GOP majority to an even smaller margin.

The Senate is expected to vote on the legislation as early as Tuesday night.

Clinton Has PUBLIC MELTDOWN over GOP Tax Cuts

posted by Hannity Staff - 12.08.17

Doomed presidential candidate Hillary Clinton refuses to step out of the media spotlight, desperately posting a bizarre anti-GOP rant on social media for no apparent reason; writing that “there’s a lot to be frustrated by right now” and calling the GOP tax cuts a “giveaway for those who least need it.”

The former Secretary of State unloaded on President Trump and the Republican Party on twitter, calling out the GOP for allowing the Children’s Health Insurance Program to remain “in limbo” while “rushing” a tax cut to the rich.

“I’m going to keep tweeting about this, and speaking out every chance I get, until it is fixed,” she concluded.

It’s unclear what prompted Hillary’s angry tirade; with the tax cut legislation being passed roughly one week ago and the CHIP bill working its way through congress for months.

Clinton’s comments came under fire from not only conservatives, but also liberals who simply urged the two-time failed candidate to “just go away.”

DEEP CUTS: GOP Unveils Its Tax Plan, Here's What You Need to Know

posted by Hannity Staff - 6.06.17

Republican legislators unveiled their long-awaited overhaul of the nation’s outdated and oversized tax system on Thursday; publishing the broad outlines of the GOP’s proposal as it makes its way through Congress.

Here’s what’s inside:

  • Changes to individual tax rates: Reduces individual tax brackets from seven down to three, and caps the top rate for the nation’s highest earners at 39.6%.
  • Middle Class Deductions: Standard deductions for middle class Americans will double to $24,000 for married couples and $12,000 for individuals.
  • Eliminates medical deductions.
  • No changes to 401(k) retirement plans.
  • Eliminates estate tax over the course of six years.

Republican leaders are optimistic the plan, which will be subject to change as it works its way through both houses of Congress, has a “great” chance of being signed into law by President Trump before the new year.

“It looks very positive, these people are excited,” said Rep. Kevin McCarthy. “This is why they came to Congress.”

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