Democrats only function is to enrich themselves and provide their deadbeat children a steady flow of income driven from the labor of others.
Posted on 11/02/2023 5:36:51 AM PDT by george76
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents..
In the grand ballroom of American politics, Democrats have long waltzed to the melody of progressivism while ridiculing Republicans' preference for outdated tax cut tunes. Ironically, they don't want to pay for their style of big government with higher taxes on ordinary Americans, which their expansionary ambitions would require. Instead, they loudly proclaim that they want to tax the rich. It remains to be seen how true this is.
Indeed, while Democrats profess their devotion to social justice and fight against income inequality, they often push for policies that favor the rich. Take their nonstop battle over the last five years to ease the tax burden of their high-income constituents.
The State and Local Tax (SALT) deduction cap, part of the 2017 Tax Cuts and Jobs Act (TCJA), placed a $10,000 limit on the amount of state and local taxes that can be deducted from federal taxable income. This move predominantly affected high earners in high-tax states like New York, California, and many others that are Democratic strongholds.
That's a tax hike on the rich. This shouldn't bother Democrats, who are usually happy to demonstrate their egalitarian chops by clamoring for that very thing. Yet this time, by demanding repeal of the SALT cap, they are on the front lines of a battle to restore tax breaks for the rich. As it turns out, when affluent Californians and Northeasterners felt the pinch, Democrats were ready to cha-cha for tax relief.
Contrast this with the refusal by moderate New York Republicans to vote for Jim Jordan (R–Ohio) for House speaker in exchange for doubling the deduction cap to $20,000 for individuals and $40,000 for married couples. Now, this might mean these guys really didn't want Jordan as speaker, but they wouldn't roll over even in exchange for tax cuts for their own constituencies.
Would New York Democrats be so principled? Back in 2021, 17 of 19 members of this delegation threatened to block a Democrat-sponsored infrastructure bill if the SALT deduction cap wasn't entirely repealed. I would have been OK with that crony bill failing; I highlight this incident only to reveal some Democrats' commitment to tax breaks for rich blue-state voters.
Add to this the fact that big government tends to work out well for people with big bank accounts. Billions of dollars in tax credits and subsidies have gone de facto to high-income taxpayers to buy expensive electric cars, or to large, well-connected companies to build green infrastructure or semiconductors they would have produced anyway.
For all the populist huffing and puffing, many big-government policies squarely hurt middle-class and poorer Americans. A good example is Democrats' starring role in Congress' refusal to reform insolvent entitlement spending. It amounts to supporting an enormous transfer of money, through regressive payroll taxes, from the young and poor to the old and rich.
Even Democrats' support for raising the corporate income tax rate from its current 21 percent to 25 percent is inconsistent with their populist self-identification. As economists have long known, most, if not all, of the economic burden of corporate income taxes is shouldered by primarily middle-class workers in the form of lower wages. It's wrong to call this a tax on the rich.
There are other instances in which Democrats balk at the notion of raising taxes or even, in Republican-like fashion, support tax cuts. In 2010, they heralded the passage of the Affordable Care Act. However, one key funding mechanism was a 2.3 percent excise tax on medical devices.
Many Democrats eventually joined Republicans in calling for this tax's repeal, citing the potential negative impact on the medical device industry. By 2015, even liberal stalwarts like Sen. Elizabeth Warren (D–Mass.) were advocating to suspend the tax. It was permanently repealed in 2019 as part of a year-end spending package.
In 2011, Democrats, led by then-President Barack Obama, pushed for an extension of the payroll tax cut, a policy that provided relief to millions of working families. While this move aligned with their commitment to supporting the middle class, it marked another significant departure from their traditional stance on tax cuts, showing a willingness to embrace tax relief when politically expedient.
Soon, Congress must debate the sunset of the TCJA's tax relief provisions in 2025, which are scheduled to raise taxes by roughly $3 trillion over a 10-year period. It will be entertaining to watch Democrats extend a vast majority of these policies, including some for the benefit of very well-off Americans, while continuing to blame former President Donald Trump's tax cuts for raising the deficit.
Bkmk.
They favor the slave owner. As it has been throughout history.
When will people learn, democrats lie, they ALL lie and everything the support is about selfish tyrannical desires.
Not to be naïve republicans lie, at least 90% of them and basically wear the republican skin and are actually democrats.
So yes, of course all their policies support themselves, and their rich friends.
Democrats only function is to enrich themselves and provide their deadbeat children a steady flow of income driven from the labor of others.
Yep. The party of chattel slavery is now the party of wage and givemedat slavery.
You can’t fight inequality. Being unequal is an irremediable fact.
The Marxist’s favorite term...inequality. What does that (even) mean? Even they don’t know but “equality” sounds so nice when you need votes to gain power....
The quest for curing inequality is in reality just Kissing Black Ass.
Pretending to remedy inequality is the best they can do.
Loss of just a few Black votes to Republicans or just staying home and or just pure Black voter laziness means the Democrat party is over.
Hispanics are being allowed to illegally cross the border in tens of thousands to solve the Black problem
“Democrats Say They’re Fighting Inequality. But Many of Their Policies Favor the Rich.”
Democrats are Fighting for equity
So what does equity mean?
——So what does equity mean?——
For an uneducable urban Black ner do well robbing Target and Walmart, it means I’m as good as you are. It means that the enslaved Ancestors of American blacks were the equals of those that sold them into slavery.
I’m your equal
Stupid Bitch!
So this means that primarily wealthy taxpayers are affected by the SALT cap, but at a certain income level those taxpayers lose all their itemized deductions and fall under the alternative minimum tax (AMT) brackets anyway.
So worldwide. equity must mean “Our kids, who have been taught and are experts on the use of proper pronouns and all the different genders, are just as capable of competing with your kids who are experts on STEM”.
Funny thing is they are all falling for the “Equity” term and narrative. That is a new BS invention in definition for that word by the communist Webster’s . Until they deceptively changed it, it had a totally different meaning. The joke is on them, it actually means assets and holdings which would include slaves.
So when the Dem slave owners mention “equity” they are not talking about “equality” as they claim, they are actually using the term to label their ownership and equity in slave assets. And the slaves are swallowing the lie whole without question.
“So worldwide. equity must mean “Our kids, who have been taught and are experts on the use of proper pronouns and all the different genders, are just as capable of competing with your kids who are experts on STEM”.”
Equity means positive assets and holdings such as homes and even slaves. So it is appropriate, they are making slaves.
Anything the democrats say 180 it and you’ll be closer to the facts they have a long history of it.
Sure they are. They well know where they donations come from.
How often do they fly into Southern California on private jets to attend $50,000/plate dinner parties in Beverly Hills or Brentwood.
bttt
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.