Ocasio-Cortez Tax Plan Creates 82.7% Top Income Tax Rate for New Yorkers

capture

By Alex Hendrie

In an upcoming 60 Minutes interview, Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) will call for federal income tax rates of up to 70 percent as part of a proposal to create vast new government spending programs.

The current top federal income tax rate is 37 percent, so the Ocasio-Cortez plan will nearly double the tax rate for the top bracket.

New York State has a top income tax rate of 8.82 percent while New York City has a top rate of 3.876 percent. So under this proposal, her constituents would pay a top combined income tax rate of 82.7 percent:

Federal income tax rate:   70.0%
NY state income tax rate: 8.82%
NYC income tax rate:       3.876%
TOTAL:                                 82.696%

See the source image

New Yorkers would not be the only ones suffering under the Ocasio-Cortez plan. California taxpayers would pay a top rate of 83.3 percent (70 percent plus the California rate of 13.30 percent).

In addition to this high income tax rate, taxpayers would remain impacted by other taxes including payroll taxes, taxes on capital gains income and dividends, and the death tax.

Further, while Ocasio-Cortez has not released details of any other tax hikes to pay for her plan, this would likely not be the only income tax increase if she had her way. For instance, Senator Bernie Sanders (I-Vt.) proposed a $2 trillion 2.2 percent payroll tax on all families and a $10 trillion 6.2 percent payroll tax on all businesses as part of his socialized healthcare plan.

Congresswoman Rosa DeLauro (D-Conn.) and Congresswoman Jan Schakowsky (D-Ill.) have proposed numerous tax hikes including a new, 5 percent surtax on those making $500,000 per year and an increase in the Obamacare payroll tax from 0.9 percent to 4 percent.

Regardless of the specific proposal, it is clear that Democrats want higher taxes on the American people as they made clear when they changed the House rules to make it easier to raise taxes.

Just last night, Democrats rejected a proposal to make permanent the $2,000 child tax credit (up from 1,000) and the $24,000 standard deduction for families (up from $12,000).

Based on their record this will not be the first of many cases where Democrats oppose middle class tax relief and advocate for higher taxes on the American people.

Rashida Tlaib Dodges Reporters, Won’t Answer Questions About Her “Impeach the Motherf*cker!” Comment (VIDEO)

 

capture

Newly elected Congresswoman Rashida Tlaib (D-MI) ran from reporters on Friday when confronted about her vulgar impeachment tirade shortly after being sworn in Thursday night.

Democrat Rashida Tlaib was sworn in with Thomas Jefferson’s Quran Thursday to represent Michigan’s 13th district.

Shortly after Rashida Tlaib’s swearing-in ceremony, she went on a vulgar tirade and called for President Trump’s impeachment — “We’re going to go in and impeach the motherf*cker!

Of course the left cheered with delight.

Tlaib didn’t seem so tough on Friday morning because she dodged reporters and looked down at the ground.

“If you’re unapologetic Congresswoman, why not talk to us?” a reporter asked as Tlaib briskly walked away.

“Congresswoman, do you stand by your comments?” another reporter asked.

Tlaib walked as quickly as she could to avoid the gaggle of reporters hounding her with questions about her grotesque outburst Thursday night.

The freshman Congresswoman need not worry because House Speaker Nancy Pelosi defended her and said, ‘it’s no worse than what the president has said.’

VIDEO:

Alexandria Ocasio-Cortez Proposes 70% Taxation to Pay for ‘Green New Deal’

See the source image

By Joel B. Pollak

Newly-installed Rep. Alexandria Ocasio-Cortez (D-NY) is calling for 70% taxation on the wealthy as a way to pay for her “Green New Deal,” which proposes to use government to create new jobs by investing in renewable energy.

In an interview set to air Sunday on CBS News’ 60 Minutes, Ocasio-Cortez — who has begun referring to herself by the nickname, “AOC” — told Anderson Cooper that the “Green New Deal” would “require a lot of rapid change that we don’t even conceive as possible right now,” including raising taxes to a marginal rate of 70%, as in the 1960s.

AOC referred to the 70% rate on people at the “tippy-tops” as the rich merely paying their “fair share” of the tax burden.

See the source image

She compared the “Green New Deal” to other “radical” policies like President Abraham Lincoln signing the Emancipation Proclamation, and President Franklin Delano Roosevelt launching Social Security in the New Deal.

As Breitbart News has noted, the “Green New Deal” is in fact an old idea, first championed by President Barack Obama’s “green jobs” czar, Van Jones. It seeks to implement classic socialist policies of state-run enterprises, using the pretext of an environmental crisis.

To that end, proponents often exaggerate the threat of climate change and other environmental challenges. AOC herself has warned of “cataclysmic climate disaster” unless the United States moves to 100% renewable energy sources in the next ten years.

In comparison, California — the most ambitious state in “green” energy policy — has merely set itself a goal of 100% renewables by 2045, more than 25 years away.

Obama’s “green jobs” program was a notable failure, with many investments failing to pay off — most notoriously the solar panel company Solyndra, which failed after Obama, Vice President Joe Biden, and others held it up as a model.

Seven House ‘Republicans’ Vote for Nancy’s Plan to Reopen Government Without Wall Funding

By

Seven House Republicans voted with the new Democratic majority today to reopen the government without a paltry $5 billion in funding to start construction on a ‘big, beautiful’ border wall, in the midst of the ongoing battle between the White House and Democratic leaders.

Most Republican members of Congress stood firm on refusing to reopen the government without progress on Donald Trump’s signature campaign progress. The outgoing GOP House Majority had earlier designated around $5.7 billion dollars for the wall, placing the ball in the court of the Senate to get together and make a deal that would re-open the government. Nearly all Republicans have stood with the President in order to present a unified face in the struggle to finally safeguard the borders of the United States with a wall, but the seven dissenters in the House Republican Caucus today could pose a threat to the prospects of the President delivering on his promises.

The seven Republicans caving to the left on immigration were:

Brian Fitzpatrick of Pennsylvania
Will Hurd of Texas
John Katko of New York
Peter King of New York
Elise Stefanik of New York
Fred Upton of Michigan
Greg Walden of Oregon

The six-bill funding package reopens many elements of the United States government, such as the State and Justice Departments, in addition to the IRS and National Zoo.

The battle to deliver on the border security promised to the American people time and time again continues on. National Border Patrol Council leaders spoke at the White House Press Conference today, making the case for the necessity of the wall Senate Democrats refuse to compromise on very clear.

THE ‘GREEN NEW DEAL’: A RADICAL MANDATE FOR GOVERNMENT CONTROL OF AMERICAN SOCIETY

Image result for pictures of alexandria ocasio cortez

By Tom Elliott

‘Ocasio-Cortez sees this plan is being a vehicle through which social equality might finally realized, as it will use reparations to right historical injustices’

Incoming New York Rep. Alexandria Ocasio-Cortez brings with her a massive online following, influence she says she’ll deploy only in support of candidates and politicians who support her plan for a “Green New Deal.”

“The Green New Deal” is something Ocasio-Cortez invokes frequently in media appearances and rallies.

So what’s actually in it?

Her office recently released the text of a proposed House rules change outlining the plan.

The proposed rule change for the upcoming 116th Congress would require the creation of a “Select Committee for a Green Deal” that would be responsible for creating the plan by January 1, 2020, with corresponding draft legislation soon after. The text of the rule change lays out the committee’s jurisdiction and required areas of action.

Its scope and mandate for legislative authority amounts to a radical grant of power to Washington over Americans’ lives, homes, businesses, travel, banking, and more.

Early on, under “Jurisdiction,” the document makes clear its grandiose philosophical vision: “The select committee shall have authority to develop a detailed national, industrial, economic mobilization plan for the transition of the United States economy to become greenhouse gas emissions neutral and to significantly draw down greenhouse gases from the atmosphere and oceans and to promote economic and environmental justice and equality.”

See the source image

In addition to achieving its goal of “meeting 100% of national power demand through renewable sources,” the document also repeatedly states the Green New Deal will advance non-environmental projects, such as, “social, economic, racial, regional and gender-based justice.” 

Ocasio-Cortez’s plan further claims it will (virtually) eliminate poverty: “The Plan for a Green New Deal (and the draft legislation) shall recognize that a national, industrial, economic mobilization of this scope and scale is a historic opportunity to virtually eliminate poverty in the United States and to make prosperity, wealth and economic security available to everyone participating in the transformation.”

More specifically, Ocasio-Cortez’s plan calls for, within 10 years, a series of lofty overhauls of American life [emphasis added]:

  • The installation of a “national, energy-efficient, “smart grid.”
  • Upgrading every residential and industrial building for state-of-the-art energy efficiency, comfort and safety”
  • Eliminating greenhouse gas emissions from the manufacturing, agricultural and other industries” as well as from America’s transportation and infrastructure network
  • Funding “massive investment” in reducing existing greenhouse gasses

Between its calls for “upgrading” homes and overhauling travel, public infrastructure, and even the way Americans consume electricity, the plan leaves virtually no facet of everyday life untouched. Think of how often you don’t use electricity to imagine how much of your average day the plan wouldn’t impact.

See the source image

The proposed committee would also have seemingly total oversight of American industry, with a mandate for pushing union membership. Under “Scope of the Plan,” a section on labor states the committee’s final plan shall: “Require strong enforcement of labor, workplace safety, and wage standards that recognize the rights of workers to organize and unionize free of coercion, intimidation, and harassment, and creation of meaningful, quality, career employment.”

Later in the document, Ocasio Cortez’s plan imagines creating a national jobs force to help people participate in this “transition.” The Green New Deal, it says, shall “provide all members of our society, across all regions and all communities, the opportunity, training and education to be a full and equal participant in the transition, including through a job guarantee program to assure a living wage job to every person who wants one.”

The plan also imagines creating governmental support for “transitioning” minority communities. The deal shall: “ensure a ‘just transition’ for all workers, low-income communities, communities of color, indigenous communities, rural and urban communities and the front-line communities most affected by climate change, pollution and other environmental harm including by ensuring that local implementation of the transition is led from the community level.”

More, Ocasio-Cortez sees this plan is being a vehicle through which social equality might finally realized through the use of reparations to right historical injustices. The final Green New Deal will “mitigate deeply entrenched racial, regional and gender-based inequalities in income and wealth (including, without limitation, ensuring that federal and other investment will be equitably distributed to historically impoverished, low income, deindustrialized or other marginalized communities in such a way that builds wealth and ownership at the community level).”

And if that weren’t enough to ensure that Democratic Socialism could be fully realized in America, the plan includes failsafe in the form of universal income and Medicare for All: The plan, it says, shall “include additional measures such as basic income programs, universal health care programs and any others as the select committee may deem appropriate to promote economic security, labor market flexibility and entrepreneurism.”

Ocasio-Cortez clarifies that this plan would not only need to be financed by taxpayers, but also the Federal Reserve and other institutions the government can create. The end of the document contains a Q&A, one of which deals with the plan’s funding: “The Federal Reserve can extend credit to power these projects and investments, new public banks can be created (as in WWII) to extend credit and a combination of various taxation tools (including taxes on carbon and other emissions and progressive wealth taxes) can be employed.”

Ocasio-Cortez may not be in Congress yet, but she already has a plan to remake the way Americans drive, commute, live, work, and even use the financial system. Let there be little doubt how she aspires to wield power in Washington.
Editor’s Note: This post has been updated with grammatical fixes. 

 

The Nancy Show! Celebrities Flock to Pelosi’s House Speaker Coronation

By Sean Moran

capture

House Democrat Leader Nancy Pelosi (D-CA) invited numerous celebrities to the House gallery on Thursday to witness her become speaker of the House.

Along with nine of her grandchildren, Pelosi invited legendary crooner Tony Bennet, Grateful Dead drummer Mickey Hart, and television personality and fashion guru Tim Gunn to sit in the House gallery during the House’s for Speaker.

Washington, D.C. mayor Muriel Bowser, Stephanie Shirock and Ellen Malcolm of Emily’s List, as well as the presidents of Georgetown and Trinity Washington University, came to the Capitol building on Thursday.

Randi Weingarten, the president of the American Federation of Teachers, also came to witness Pelosi assume the Speaker’s gavel.

capture

Bennett also attended Pelosi’s first swearing-in in 2007 as Speaker, along with actor Richard Grere. Bennet reportedly performed at a dinner on Wednesday night, according to Politicowhich also featured former President Bill Clinton and failed presidential candidate Hillary Clinton.

Italian Ambassador Armando Varicchio hosted the dinner at the Italian embassy in Washington, D.C. Former Secretary of State John Kerry, California Lt. Gov.-elect Eleni Kounalakis, and other luminaries attended the exclusive Wednesday dinner for Pelosi.

Democrats retook control of the House of Representatives after the 2018 midterm elections. Nancy Pelosi and House Democrats pledged to protect Obamacare and its protections for pre-existing conditions. Progressive Democrats have pushed for climate change legislation and a single-payer “Medicare for All” government-run healthcare program.

Pelosi, along with Senate Minority Leader Chuck Schumer (D-NY), continue to fight with President Trump and congressional Republicans over the president’s requested $5 billion in border wall funding.

In an interview, Pelosi told a reporter that she will not provide any money for Trump’s border wall.

“No, no. Nothing for the wall,” Pelosi said.

Pelosi has continued to state that she can strike a deal with Trump to end the partial government shutdown; although, she will not give Trump any increased border wall funding.

Rep. Jim Jordan Goes Off on Democrat Who Introduced Articles of Impeachment on First Day of New Congress

B 

Ohio Rep. Jim Jordan slammed Democrat California Rep. Brad Sherman for introducing articles of impeachmentagainst President Donald Trump for the second time on the first day of the 116th Congress.

capture

Jordan has been a strong supporter of the president and the America First agenda. In a tweet on Thursday he called out Sherman and stated that the Democrats are more interested in stopping Trump than helping the nation.

capture

“We knew they couldn’t help themselves. Rep. Sherman files articles of impeachment on the President. Dems are more focused on stopping Trump than building the Wall and helping the country,” Jordan tweeted on Thursday.

Jordan is the ranking member of the House Committee on Oversight and Government Reform and sits on the House Judiciary Committee, which holds jurisdiction over impeachment proceedings, The Hill noted.

Sherman previously introduced articles of impeachment in 2017.

Sherman alleges obstruction of justice for Trump’s firing of former FBI Director James Comey.

Blog at WordPress.com.

Up ↑