House: The Dems will have a 6 member majority in the House which will require a certain level of bipartisanship if they want to get anything written and passed on to the Senate.
The GOP will have a 3 member majority in the Senate and will be able to confirm Federal judges and treatise.
While the Dems will have subpoena power, so will the Senate.
There will be no impeachment of either Trump or Justice Kavanaugh.
If tax reform is a product of the House and Senate, the Dems will not be able to forestall the coming tax breaks past into law this past legislative season. Child credits will double from $1,000 per child to $2,000 per child. Our standard deductions will double come April 15. If you do not have a lot of deductions, (most deducts will be gone), you will have more income after taxes. My standard deduction is $12,000 per year. That will double to $ 24,000. If they did not get rid of the mortgage interest deduction, wife and I should come out with a little extra cash.
No comments:
Post a Comment