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Belle of the Ranch

Let's talk about the House GOP and taxes....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 31 January 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about the House GOP and taxes....

Transcript

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0:00.0

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

like your head is full of Raspberry,

0:08.0

then you need Monzo.

0:10.0

Download your new favorite bank and pay bills from custom pots.

0:15.0

Money never felt like Monzo.

0:18.0

UK Residents, Tease and see supply.

0:21.0

Well, howdy there, internet people, let's bow again so today we are going to talk

0:26.0

about the US House of Representatives and the tax man because the speaker of the

0:32.3

House is once again engaging in a bipartisan effort that will render

0:37.8

some Republicans, well first it'll render a mad and then it will render them irrelevant.

0:47.0

Okay so what's going on there's a tax bill in the house it is bipartisan and by that means there are large groups of

0:56.2

both parties that support it. There is also opposition from within the

1:00.0

Republican Party. There is no way that the speaker can pass this with just

1:06.1

Republican votes. So using a procedural trick that will require two-thirds of

1:12.4

the House to vote in favor of it.

1:15.0

And once again, telling those Republican upstarts that won't fall in line,

1:20.8

you don't matter.

1:27.0

Okay, so what's in it and what's the problem? Basically it's a normal tax bill.

1:30.0

There are two things that Republicans have taken issue with. Some, particularly Republicans that

1:38.0

are in blue states, they're upset that there's not an increase in the salt deduction.

1:48.0

Salt deduction being state and local tax. They wanted that because generally speaking blue states have higher taxes and

1:57.4

they could take that back and be like look we get to a tax break. That's not

...

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