On Thursday, the House of Representatives passed a Republican backed tax reform bill. For those who are not up on how a bill becomes law, either this bill can now get sent to the Senate for debate and a vote or the Senate can vote on its own bill. Should the Senate be unable to pass the bill the House sent them as is, and should they need to make amendments to the bill to get a majority of its members to vote for it, the amended bill will get sent back to the House for them to vote on again. Should they pass their own bill, then their bill will get sent to the House. This process will go back and forth until the same bill passes both chambers. In short, this bill is a long way from becoming law. However, that didn't stop House Republicans from giving themselves a big pat on the back:
GREAT DAY for the American people – as @POTUS said, this "is a big step toward fulfilling our promise to deliver historic tax cuts for the American people." We applaud the House for passing the Tax Cuts and Jobs Act. It’s time for a Middle Class Miracle! Now on to the Senate.— Vice President Mike Pence (@VP) November 16, 2017
However, as the Wall Street Journal pointed out:
" The Senate’s passage of its own bill is no certainty either. Republicans have 52 seats in that chamber, meaning they can’t afford to lose any more than two votes as long as Democrats remain unified in opposition. Sen. Ron Johnson (R., Wis.) already declared his opposition because of the treatment of partnerships, S corporations and other so-called pass-through businesses in the Senate version of the bill. "
They went on to say:
"Sen. Susan Collins (R., Maine) has expressed concerns about the Senate GOP’s decision to pair the tax bill with a repeal of the mandate for individuals to have health insurance. And Sens. Jeff Flake (R., Ariz.) and Bob Corker (R., Tenn.) say they are worried about budget deficits. Sens. Lisa Murkowski (R., Alaska) and John McCain (R., Ariz.), who voted against a GOP health plan this year, are possible swing votes, too."
Despite the pat on the back, people on social media had some feelings about this:
A GREAT DAY you say? This is the opposite of a great day! A great day will be when this administration is out of Washington! THAT will be a GREAT day!!— DAG718 (@DavidCoss) November 16, 2017
It's a great day for the super rich and their entitled children and CEOs and hedge fund managers... For me, it means nothing.— John Judge (@TrumpReTweet) November 16, 2017
But while some were simply taking out their anger, others were specifically pointing out what this bill would actually do:
No one making under 100K a year gets a tax break. How can you sleep at night when lying to take away money from people who need it?— Reverend Pete Jones (@PrsbyPastorPete) November 16, 2017
This “tax cut” is a financial gift to the wealthy at the expense of the middle class. Under this bill Trump and his family will save over 1 billion dollars.— Karen Martinek (@MartinekKaren) November 16, 2017