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Old 01-11-2017, 12:40 PM
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Default Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

Tillerson wants a "special dispensation" to defer the taxes on his Exxon shares worth $174 million, but tax accountants say the IRS usually refuses to play along with this dodge.
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Old 01-11-2017, 12:51 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

I don't have a problem with the tax deferral so much as the hearings before vetting...

Look, he is giving up a lot of financial independence to serve the nation at the pleasure of the President. I think that should earn one a little deference on the tax consequences of divesting themselves of conflicts/potential conflicts of interest.

However, I think one should be fully vetted before they stand for questions in front of a panel/committee. The members of the committee should have all of the information so that their questions can be on point. Holding hearings before this disclosure is bull****.
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Old 01-11-2017, 01:42 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Originally Posted by dabateman View Post
I don't have a problem with the tax deferral so much as the hearings before vetting...

Look, he is giving up a lot of financial independence to serve the nation at the pleasure of the President. I think that should earn one a little deference on the tax consequences of divesting themselves of conflicts/potential conflicts of interest.

However, I think one should be fully vetted before they stand for questions in front of a panel/committee. The members of the committee should have all of the information so that their questions can be on point. Holding hearings before this disclosure is bull****.
I see no problem with either. I haven't followed the Tillerson situation enough to know the details of the tax problem.

Regarding the hearings. Their hearings, not confirmations. Getting ahead of the curve seems like a good idea. No confirmations will happen without certification, and if the certification looks bad, the hearings can easily be reopened. The country will essentially be without department heads on January 20th. The faster that changes the better for the country.
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Old 01-11-2017, 01:48 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

I don't like that he "deferred" so many direct questions.
Sessions is a racist but if I had to pick one nominee to throw out, so far, it would be Rex. He doesn't just smell fishy; he smells like a Limburger and lutefisk sandwich
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Old 01-11-2017, 01:50 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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I see no problem with either. I haven't followed the Tillerson situation enough to know the details of the tax problem.

Regarding the hearings. Their hearings, not confirmations. Getting ahead of the curve seems like a good idea. No confirmations will happen without certification, and if the certification looks bad, the hearings can easily be reopened. The country will essentially be without department heads on January 20th. The faster that changes the better for the country.
Hearings are part of the conformation process. The conformation is based upon the hearings. The hearings are about asking questions before the confirmation vote. The best questions are asked by the informed, not the uninformed, so I believing having hearings before individuals have the information is spinning our wheels and wasting tax dollars. But... That's going to be the MO of the Chancellor Cheeto Administration anyways so... *shrug*
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Old 01-11-2017, 01:55 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Originally Posted by dabateman View Post
Hearings are part of the conformation process. The conformation is based upon the hearings. The hearings are about asking questions before the confirmation vote. The best questions are asked by the informed, not the uninformed, so I believing having hearings before individuals have the information is spinning our wheels and wasting tax dollars. But... That's going to be the MO of the Chancellor Cheeto Administration anyways so... *shrug*
True. Hearings are part of the nomination process. So too is the Certification. I have no doubt that much of what will be known from Ethics is already known. If it isn't, then the confirmation can be delayed or stopped.
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Old 01-11-2017, 01:59 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Originally Posted by jimbo View Post
True. Hearings are part of the nomination process. So too is the Certification. I have no doubt that much of what will be known from Ethics is already known. If it isn't, then the confirmation can be delayed or stopped.
It isn't. It's the whole reason why the individuals vetting have said this is going to take longer than "normal" because of the wealth and lack of political vetting of many of the Trump appointees.

But the Republicans have been pushing for hearings AHEAD OF the findings from the vetting process being published to the congress. THAT is a problem. And it was a problem when the Democrats did it in a handful of cases and it's going to be a problem when either party does it.

I will admit a heightened distrust of Republicans, especially that bastard McConnell, but I certainly don't trust the unknown to come in an lead national cabinets/departments/programs.
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Old 01-11-2017, 02:11 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Originally Posted by dabateman View Post
It isn't. It's the whole reason why the individuals vetting have said this is going to take longer than "normal" because of the wealth and lack of political vetting of many of the Trump appointees.

But the Republicans have been pushing for hearings AHEAD OF the findings from the vetting process being published to the congress. THAT is a problem. And it was a problem when the Democrats did it in a handful of cases and it's going to be a problem when either party does it.

I will admit a heightened distrust of Republicans, especially that bastard McConnell, but I certainly don't trust the unknown to come in an lead national cabinets/departments/programs.
Again, Shaub claims 58% vetting so far, and that was a few days ago. So much of it can be done in time.

I don't see it as much of a problem UNLESS confirmation takes place ahead of Certification.
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Old 01-11-2017, 02:16 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Again, Shaub claims 58% vetting so far, and that was a few days ago. So much of it can be done in time.

I don't see it as much of a problem UNLESS confirmation takes place ahead of Certification.
Did you have a problem with the ObamaCare vote? The whole "we gotta pass it to see what's in it" nonsense? We are setting ourselves up for a repeat. Not necessarily because a confirmation will take place before a certification, but because a certification will take place without a thorough hearing allowing the opposition to ask questions based upon evidence not previously released.

I think it's a legitimate concern.
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Old 01-11-2017, 02:25 PM
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Default Re: Rex Tillerson, Required to Shed Exxon Shares, Wants to Defer the Taxes

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Originally Posted by dabateman View Post
Did you have a problem with the ObamaCare vote? The whole "we gotta pass it to see what's in it" nonsense? We are setting ourselves up for a repeat. Not necessarily because a confirmation will take place before a certification, but because a certification will take place without a thorough hearing allowing the opposition to ask questions based upon evidence not previously released.

I think it's a legitimate concern.
Sure did. I don't see the similarities. If the Senate confirms behind closed doors without reading the Cliff notes, then I'll have a problem here.

No one is suggesting that "we gotta pass it to see what's in it". There will be no votes until the Certification is in place. The groundwork, however, needs to get started.
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