Biden Says He Will Reverse Trump’s Tax Cuts

BRENDAN SMIALOWSKI/AFP via Getty Images

By John Carney – 7/1/2020

Joe Biden told Wall Street donors to his campaign that he planned to reverse most of President Donald Trump’s tax cuts.

“I’m going to get rid of the bulk of Trump’s $2 trillion tax cut,” Biden said during a fundraising conference call, Fox Business Network reported. “And a lot of you may not like that but I’m going to close loopholes like capital gains and stepped-up basis.”

The former vice president said he would raise the corporate tax rate from 21 percent to 28 percent, which he estimated would raise taxes by $1.3 trillion over the next decade, FBN reported.

Biden said the tax cuts were “irresponsible, sugar-high tax cuts.” He claimed, without evidence, that cutting taxes made it “harder to foot the bill” for pandemic relief. In fact, interest rates have declined while government spending on pandemic relief programs has skyrocketed.

“We have to think as big as the challenge we face. But this is America, there is nothing we cannot do if we do it together,” Biden said, according to CNBC. “But I think the country is ready.”

The event raised at least $2 million, CNBC reported.

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Meat tax will take food off poor people’s tables so that wealthy eco-socialists can feel virtuous

This is how you impose an unpopular and ineffective environmentalist policy that will hit the poorest citizens hardest, is bound to create a host of unintended consequences, and is founded on speculative science to begin with.

You are a centrist government in a democratic Western country. You want to be seen to be taking action on the environment, but you believe in consumer capitalism, and therefore wouldn’t dare to dismantle the profit-making machinery that actually contributes most of the CO2 within your economy. You praise the ideals of the Green New Deal, only because you know it will never become reality.

Your target must be insignificant economically, yet high-profile in its symbolic value. Meat works perfectly. Eating it already has an aura of hedonistic licentiousness, and restricting consumption covers several bases – animal cruelty, public health, and most importantly, climate change resulting from intensive livestock farming. You will get years of headlines, just as when you banned plastic bags or forced people to pay deposits on plastic bottles.

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From brat to wurst? Germany proposes beefing up meat tax to battle climate change

But you can’t just ban meat. Or ration it to 200 grams a week for every citizen. Because that would be considered an authoritarian intrusion that fundamentally violates your people’s freedom.

You try to turn it into a just cause. Activist organizations have been lobbying for this longer than you have been in power, and PETA will have the factory farming pictures. Scientists will supply the studies (take only the ones that support your view). You leverage entirely hypothetical but impressive sounding research such as the 2016 Oxford University one that claimed that going vegetarian would save 8 million lives and $1.5 trillion, or one that alleges that meat “kills” 2.4 million people a year around the world, or the one that says that the US going vegetarian would be the same as taking 60 million cars off the road.

Yet, even after the publicity campaign, you still can’t ban meat. This is the time for the moment of genius, the clever solution that squares the circle between a free populace and their paternalistic-minded rulers.

You put a tax on it. Not a declared one, but a stealth tax. Perhaps merely drop the VAT rebate that it enjoys, as was proposed in Germany, which currently taxes meat at 7 percent VAT, but is contemplating moving the levy to 19. You can have more meat – as much as you want – but you will pay more for the luxury, and there is a fairness to it too – the more schnitzel you consume the more dosh you dish out. Does the money go into environmental causes? Probably not – there is currently no way to separate meat VAT from others – but at least people will be nudged into the correct behaviors.

The fruits of your labors will be evident within months.

Being a wealthy lawmaker you will eat as much or as little meat as before, as food makes up a small proportion of your monthly budget. Your constituents – that is a different matter. Perhaps some will get the message, and eat more vegetables instead. Or perhaps, instead of buying organic, cruelty-free, carbon-neutral meat, they will now buy more factory-farmed meat. Or perhaps they will spend the money on a decent steak but will not be able to afford to repair their car, or take that holiday to the Balearics. Though I guess that could be a result in itself – after all, as a rule, the poorer someone is in the West, the less CO2 they emit. Some might be so deprived, however, that they will eat no meat at all. Their remaining money will now go to other, cheaper and more harmful high-calorie processed foods, like cakes or oven-fried chips. While your farmers will simply find it more profitable to export the food abroad, over longer distances, increasing their emissions. Is this what you wanted?

Oh, sin taxes, they used to be so simple when you were targeting the universally agreed-upon harms, such as smoking, with the aim of their complete eradication. But this is getting more nuanced now. Meat has been eaten by the homo sapiens since its emergence, and played an important role in its evolution. It still remains a key source of protein for your population. Ethically too, eating it is a source of legitimate pleasure to the sensory organs of millions. Is it the job of the government to strip its citizens of their daily pleasures, to literally deny adults the full choice of food for their dinner? What’s the morally correct trade-off between seven-course feasts of imported ostrich and elk and government-mandated buckwheat three times a day?

Let them sail yachts: Why Greta Thunberg and the environmental elite hate you

You, the politicians, will complain that you are only using the tools at your disposal – that you can’t charge a poor person less at the meat counter, that you cannot ban a farmer from exporting his carcasses, or a supermarket from opting for cheaper transatlantic chicken over homegrown beef. But then is your clever solution any better than rationing books and Iron Curtain-style central planning?

You will say that at least it is better to be doing something.

And indeed you are right – it is the “something” that matters, not the specific results. After all if there is one thing that Greta Thunberg and Nigel Lawson can agree on is that creating a meat tax in Germany, Sweden and Denmark, the three countries that have shown the greatest appetite for this policy, will make almost no difference to global emissions. For example, even if every resident of the United States, the country with the highest consumption of meat per capita, stopped eating meat tomorrow, that would only slice 2.6 percent off its emissions. Meanwhile, a Chinese person now eats five times as much meat as they did in the 1980s, and still only half as much as Americans – so he wants more. And the world population will likely double by the end of the century. Germans eating two fewer sausages a week was never going to be more than a gesture, and everyone knows it.

Though bearing in mind other environmental policy perversities – like banning nuclear to rely on dirty coal, or incentivizing biofuels and, in the process, rainforest destruction – perhaps “negligible” is the best effect we can all hope for. And you get to enjoy your steak guilt-free.

By Igor Ogorodnev

Tucker Carlson ANNIHILATES Globalist Koch Brothers for Pushing Globalism in the GOP

The jig is up for the Koch brothers, who will be working against Trump in 2020.

By Shane Trejo

Fox News host Tucker Carlson hammered the billionaire Koch brothers on his show Wednesday night for their cosmopolitan values, their support of liberal globalist public policy, and their utter contempt for the working class of America.

Carlson mentioned that the Koch Bros are “libertarian ideologues” whose policy platform has little in common with conservatives at all, noting that their advocacy of open borders even makes socialist Sen. Bernie Sanders (I-VT) look conservative by comparison.

The Koch Bros and their functionaries have been lobbying relentlessly to make sure that Trump’s ‘America First’ immigration policies are undermined for the benefit of their corporate profit margins. Carlson pointed out that their efforts have sadly been very effective as the borders are “more porous than ever.”

Carlson noted that the Kochs’ lobbying has also resulted in more criminals being let back onto the streets.

He also pointed out that the Kochs lobby to cut entitlements, keep prescription drug prices higher for consumers, slash taxes for the richest one percent, and protect usurious banking practices.

The Koch Bros have even formed an alliance with progressive financier George Soros, leftist thought-control groups like the Anti-Defamation League, and Silicon Valley tech monopolists to facilitate Big Brother censorship against right-wing dissidents, as Carlson explained.

The Kochs recently announced that their network will not be giving a dime to President Trump’s re-election efforts in 2020, instead opting to support Democrats and issue-based groups opposing Trump’s core agenda.

“We expect policymakers to unite people and build coalitions. We’re committed to forging a new way forward with political discourse,” said Emily Seidel, CEO of the Koch-backed Americans for Prosperity. “We’re excited for how this new approach will help policymakers work together.”

Without having the courage to mention Trump by name, Seidel made it clear that her astroturfed grassroots organization is focusing on opposing the President and all that he stands for.

“If candidates engage in personal, ad hominem attacks and other divisive tactics during their election, it makes it difficult for them to work productively with others after the election,” Seidel wrote in a recent memo to AFP staff and activists.

“One of the biggest challenges to this approach is that those who work to lead nonpartisan coalitions are threatened by people in both parties who prize partisanship over policy outcomes. This makes it difficult for policymakers who want to do what’s best for the country to stick their necks out,” she added.

President Trump is onto the Koch Bros and their subversive agenda to prevent MAGA:

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And thanks to Carlson’s blistering report, more people will be onto the sinister machinations of the Kochs than ever before.

TOP 5 HIGHEST TAX STATES ARE BLUE STATES

Top 5 Highest Tax States Are Blue States

…And residents are fleeing these states en mases

Infowars.com – MARCH 5, 2019

The top five states with highest taxes in the nation are all Democratic “tax and spend” states.

And, not surprising, four out of the five have the most amount of people moving out of the state, according to a United Van Lines survey.

Data analyzed by the financial group 24/7 Wall St. reveals that the top five states with the highest tax burdens are:

5) Illinois
4) California
3) New Jersey
2) Connecticut
1) New York

And the top five states people are fleeing are:

5) Kansas
4) New York
3) Connecticut
2) Illinois
1) New Jersey

While not in the top 10, California still had nearly 55% of residents moving out compared to 45.6% of people moving in, according to the survey, which is slightly edged out by #10 Michigan.

Kansas, on the other hand, has above average taxes and, according to the survey, residents are leaving the state to take jobs elsewhere.

“These numbers reinforce what has become a well-entrenched trend of US residents moving from high-tax states to low tax states,” reported Mises.org. “In fact, among the top-ten states that the largest number of Americans have fled, seven of the ten are states which rank among the top 15 states for the worst tax burdens, according to the Tax Foundation’s most recent report on state and local taxation.”

Case in point, last month New Jersey moved to enact a “rain tax” on property owners by charging property owners a fee for their parking lots and driveways, or any other surface rainwater can’t penetrate.

The state is already prohibitively expensive for the middle class, and because more people have fled New Jersey than any other state in 2018, the rain tax will likely force even more people to leave.

(HOOD RATS ARE HAVE TAKEN OVER CHICAGO) – Chicago Poised To Elect Its First African American Female Mayor, Send Indicted Alderman Back To Office

By EMILY ZANOTTI

Chicago will elect its first African-American female mayor, after a strange, 14-candidate race came to an end Tuesday in the city primary.

Both candidates, Cook County board president Toni Preckwinkle and former Police Oversight Board chairwoman Lori Lightfoot, are considered “outside” candidates, with few attachments to Chicago’s fabled Democratic machine, but with deep ties to the city’s far left, progressive elements.

The fourteen-way race was in a dead heat until nearly the end, with polls predicting varied outcomes, none of which played out Tuesday night. Lightfoot, a relative unknown and newcomer to Chicago elections — though not to Chicago politics — was the city’s top vote-getter, commanding around 17% of the vote. Preckwinkle, a more well-known commodity, often maligned for instituting the city’s disasterous (and now repealed) “sugary drinks tax,” came in second with 16%, according to the Chicago Tribune’s official election results.

Most surprising, though, was the result for former President Barack Obama’s chief of staff Bill Daley, whose last name is on nearly every building and public park in the city. Bill Daley is a relative of long-serving mayors Richard J. and Richard M. Daley, and was expected to do well in the mayoral race.

After last night’s votes were counted, Daley didn’t even pick up traditional Democratic (and Daley) strongholds, leaving him in third, with only 15% of the vote. Those went to Jerry Joyce, who barely finished with 7%.

Both Preckwinkle and Lightfood are progressives, even by Chicago standards, and ran far to the left of current mayor Rahm Emanuel. Both had platforms that embraced an elected school board — something most mayors hesitate to do, lest the city’s education system fall fully into union control — civilian oversight of the police department, and a tax scheme designed to correct “wealth inequality” within the city.

But they both also represent a landmark achievement in diversity for the city; come April 2nd, no matter who wins the final mayoral election, Chicago will have its first African-American female mayor. Only one woman, Jane Byrne, has served in the office previously.

ILHAN OMAR CALLS FOR TAX ON THE WEALTHY OF ‘UP TO 90 PER CENT’

Ilhan Omar calls for tax on the wealthy of 'up to 90 per cent'

Omar said taxes had been as high as 90 per cent before and could be once more

By George Martin

  • Omar said taxes had been as high as 90 per cent before and could be once more 

  • It comes after freshman congresswoman Cortez called for a 70 per cent tax 

  • The tax reforms being proposed will fund several radical new policy initiatives 

Democratic Rep. Ilhan Omar has called for an income tax of up to 90 per cent on America’s multimillionaires.

Speaking to ’60 Minutes’, Omar argued that tax rates of previous years had risen to the 90 per cent mark for top earners as she doubled down on fellow freshman congresswoman Alexandria Ocasio-Cortez’s calls for a 70 per cent rate.

‘There are a few things that we can do,’ Rep. Omar said.

‘One of them, is that we can increase the taxes that people are paying who are the extremely wealthy in our communities. So, 70 percent, 80 percent, we’ve had it as high as 90 percent. So, that’s a place we can start.’ 

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The one percent must pay their fair share,’ she continued.

Omar claimed her radical tax plan would act as a catalyst for programs like Medicare for All and the Green New Deal being proposed by Ocasio-Cortez.

Ocasio-Cortez called for zero carbon emissions within 12 years, in an interview with ’60 Minutes’ on her first day as a member of Congress.

Omar also said she wants to slash the national defense budget in order to pay for the sweeping policy changes.

‘I’m also one that really looks at the defense budget that we have, Rep. Omar said.

‘That has increased nearly 50% since 9/11. And so, most of the money that we have in there is much more than with we spend on education, on healthcare.’ 

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Omar proposed the radical tax reforms as a way of funding other policy initiatives such as Medicare for All and the Green New Deal

 

In 1960, before the Kennedy tax cuts, the top rate was 91 per cent for those earning more than $200,000. According to the Tax Policy Center, the top 1 per cent earned 9 per cent of all income at that time, compared to 20 per cent in 2008.

‘You look at our tax rates back in the ’60s and when you have a progressive tax rate system your tax rate, you know, let’s say, from zero to $75,000 may be ten percent or 15 per cent,’ she said, in a clip that aired on CBS ‘This Morning.’ 

‘But once you get to, like, the tippy tops – on your 10 millionth dollar – sometimes you see tax rates as high as 60 or 70 percent,’ she said.

‘That doesn’t mean all $10 million are taxed at an extremely high rate, but it means that as you climb up this ladder you should be contributing more.’ 

I think that it only has ever been radicals that have changed this country. Abraham Lincoln made the radical decision to sign the Emancipation Proclamation.

‘Franklin Delano Roosevelt made the radical decision to embark on establishing programs like Social Security. That is radical,’ she said.

President Trump took a swipe at Cortez immediately after she proposed the tax hike, saying a 70 per cent rate would bring the turmoil of Venezuela to the US.

“We’re looking at Venezuela, it’s a very sad situation,” Trump told reporters.

“That was the richest state in all of that area, that’s a big beautiful area, and by far the richest – and now it’s one of the poorest places in the world. That’s what socialism gets you, when they want to raise your taxes to 70 percent.” 

 

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