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Keyword: taxcuts

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  • Joe Biden Is Telling Lies About Trump’s Tax Cuts

    06/03/2021 6:38:36 AM PDT · by Kaslin · 20 replies
    The Federalist ^ | June 3, 2021 | Andy Pudzder
    The highest earners paid a greater share of income taxes after the Republicans’ 2017 tax cuts than they paid after the Democrats’ 2013 tax increase.In a speech last week introducing his proposed $6 trillion 2022 budget, President Biden claimed that the benefits of the Republican Party’s Tax Cuts and Jobs Act “went to the wealthiest 1% of America.” It’s not the first time he’s made this claim. In his first speech to a joint session of Congress, Biden described the TCJA as a “huge windfall” for “those at the very top.” To right that wrong, he proposes getting rid of...
  • Biden, Democrats Prefer Growing Government Over Growing Economy

    05/01/2021 6:12:01 AM PDT · by Kaslin · 18 replies ^ | May 1, 2021 | Sarah Lee
    During his address to Congress Wednesday, President Joe Biden made a statement that was immediately acknowledged by Sen. Ted Cruz (R-TX) as alarmingly radical. "We the People is the government," the leader of the Republic told the legislative branch of government and the American people, signaling an intent to embrace the notion that the federal government should become a much more dominant cultural and economic force in American’s lives because it is what they are -- the people. Cruz took to twitter and responded: “No Joe, you seriously misunderstand the Constitution,” the senator wrote. “’We the People’ is not the...
  • Trump Endorses Rubio: 'Tireless Advocate for the People'

    04/09/2021 6:36:45 AM PDT · by buckalfa · 63 replies
    Newsmax ^ | April 9th, 2021 | Sandy Fitzgeralf
    Former President Donald Trump, in an announcement made through the Save America PAC Friday, gave Sen. Marco Rubio his endorsement for the Florida Republican's 2022 Senate bid for reelection. "It is my honor to give U.S. Senator Marco Rubio my Complete and Total Endorsement," Trump said in the statement provided to Newsmax Friday morning. "Marco has been a tireless advocate for the people of Florida, fighting to cut taxes, supporting our Second Amendment, our Military and our Vets, a strong national defense, and all of the forgotten men and women of America." He added that Rubio "worked with me to...
  • Trump’s Tax Cuts Worked. Tax Hikes Now Will Kneecap Economic Recovery From COVID-19.

    03/25/2021 9:55:19 AM PDT · by SeekAndFind · 13 replies
    Daily Signal ^ | 03/25/2021 | Adam Michel
    Three years after the Tax Cuts and Jobs Act took effect, Democrats in Congress are ready to roll back some of the most critical reforms.The business tax cuts have been maligned as contrary to the interests of workers. In reality, the corporate tax cut succeeded at allowing new business investment, creating jobs, raising wages, and increasing the economy’s size.The economic history of the 2017 tax cuts should lead policymakers who are intent on raising the corporate income tax, or repealing parts of the individual tax cuts, to question their convictions.The tax cuts were intended to increase new investments in the...
  • Democrats slip sneaky little rider into stimulus bill to forbid states from cutting taxes

    03/11/2021 7:28:37 AM PST · by SeekAndFind · 51 replies
    American Thinker ^ | 03/11/2021 | Monica Showalter
    The Democrats' $1.9 trillion stimulus bill is a monster of public spending with the prime aim of rewarding political cronies. Free-spending blue cities and states get bailouts, along with unions with mismanaged gold-plated pensions for their members. The losers, of course, are the savers and taxpayers. That's because it won't be long before Argentina-style inflation and Europe-style taxes kick in to pay for these benefits to leftists.The only hope is to grow the economy so that the debt can be paid, which is something Americans often know how to do.But unlike other bills, this one contains a poison pill, to...
  • First Order Of Business Joe Biden And I Are About To Work To Get Rid Of That Tax Cut

    11/02/2020 3:42:16 PM PST · by Enlightened1 · 44 replies
    Twitter ^ | 11/02/20
    Straight from Harris's mouth. "I promise you this. As a first order of business Joe Biden and I are about to work to get rid of that tax cut"   
  • Joe Biden muddles middle-class tax policy, slams nation’s ‘trillionaires’

    10/30/2020 2:50:23 PM PDT · by conservative98 · 34 replies
    NY Post ^ | October 30, 2020 | Ebony Bowden
    Joe Biden railed against “trillionaires” in a speech Friday where he also vowed that middle-class Americans wouldn’t pay a penny more in taxes under his plan — despite wanting to eliminate President Trump’s tax cuts for the middle class. During a 25-minute stump speech in Des Moines, Iowa, the Democratic nominee repeated his campaign pledge that Americans earning less than $400,000 a year would not see their taxes raised if he was elected president next week. “I guarantee you, I give you my word as a Biden, no one making less than $400,000 a year will see a penny in...
  • Biden Said “If You Elect Me, Your Taxes Are Going To Be Raised” To His Own Voters (Video)

    10/08/2020 6:27:42 AM PDT · by USA Conservative · 7 replies
    Conservative US ^ | 10.08.2020 | Alex Hall
    During the vice-presidential debate Wednesday night, Vice President Mike Pence repeatedly claimed that Democratic presidential nominee Joe Biden and his running mate Kamala Harris would raise taxes on “day one” if they win the Nov. 3 election. “They’re going to raise taxes on every American,” Pence said. “Joe Biden said twice in the debate last week that on day one he’s going to repeal the Trump tax cuts.” Liberals tried to cover for Biden’s plan but the internet never forgets. During Joe Biden’s campaign rally in South Carolina back in February, a voter told Biden that the Trump tax cut...
  • Trump pledges 'biggest tax cut ever' if he wins election in November

    10/05/2020 7:29:35 AM PDT · by knighthawk · 53 replies
    Fox Business ^ | October 05 2020 | Megan Henney
    President Trump vowed to continue lowering taxes if he defeats Democratic challenger Joe Biden on Nov. 3, tweeting from the Walter Reed National Medical Center on Monday morning that his administration would pass a sequel to the 2017 tax overhaul. "BIGGEST TAX CUT EVER, AND ANOTHER ONE COMING. VOTE!" Trump wrote in a series of tweets from Walter Reed, where he's been staying since Friday to undergo treatments for COVID-19. "IF YOU WANT A MASSIVE TAX INCREASE, THE BIGGEST IN THE HISTORY OF OUR COUNTRY (AND ONE THAT WILL SHUT OUR ECONOMY AND JOBS DOWN), VOTE DEMOCRAT!!!" he wrote in...
  • "Preferring Trump Economy Is Selfish" [semi-satire]

    09/17/2020 9:55:22 AM PDT · by John Semmens · 5 replies
    Semi-News/Semi-Satire ^ | 13 September 2020 | John Semmens
    Princeton Professor Eddie Glaude warned viewers of MSNBC's Morning Joe show not to allow selfishness to lure them into voting for Trump. "I know a lot of you are tempted to place your own prosperity ahead of social justice and vote for Trump's reelection," Glaude said. "Well, DON'T DO IT!" "Granted, Trump's economic policies of deregulation and tax cuts have helped spur a booming economy," the Professor admitted. "Unemployment was at historic lows for minorities before the pandemic and the lockdowns hit. Likewise, stock prices have rallied back to where they were in January—enriching every person who has an IRA...
  • Democrats back away from quick reversal of Trump tax cuts if they take control of Senate and White House

    09/15/2020 12:22:31 PM PDT · by SeekAndFind · 31 replies
    The Hill ^ | 09/15/2020 | Alexander Bolton
    Democrats are backing away from vows to reverse President Trump's tax cuts if they take control of the Senate and White House. Senate Democrats had suggested they could move quickly on the issue, but now say they are likely to delay stand-alone tax legislation if Democratic nominee Joe Biden is elected president and their party controls the House and Senate. Instead, the priority will be on spending to create jobs and raise wages, investments in green technology and infrastructure and a national plan to contain the coronavirus pandemic. Some of those stimulus and relief bills could include tax incentives for...
  • Trump 'seriously' considering a capital gains tax cut: What that means for you

    08/11/2020 7:58:47 AM PDT · by SeekAndFind · 18 replies
    Fox Business News ^ | 08/11/2020 | By Megan Henney
    President Trump opened the door this week to a capital gains tax cut, saying he's "seriously" considering it as a way to help the U.S. economy recover from coronavirus-induced recession. “We’re looking at also considering a capital gains tax cut, which would create a lot more jobs,” Trump said Monday during White House press briefing. “So we're looking very seriously at a capital gains tax cut and also at an income tax cut for middle-income families." Trump cannot use executive authority to slash the 20% long-term capital gains rate without Congress, but he could try to bypass Congress and lower...
  • Why Trump's payroll tax cut will work

    08/11/2020 7:28:41 AM PDT · by SeekAndFind · 36 replies
    Washington Examiner ^ | 08/11/2020 | Tim Worstall
    One of the great puzzles of politics is why so many are against President Trump's idea of cutting payroll taxes. The puzzle starts from the fact that this is simply the standard Keynesian thing to do to boost demand in a recession, and as President Richard Nixon said more than a generation ago, "We are all Keynesians now." The vehement reaction that has greeted this executive order to defer certain payroll tax obligations (though Trump wants to forgive them permanently if he wins the election) is over the top. Maybe an executive order isn't quite the way to do it,...
  • Paying People Not to Work Is Not an Economic Stimulus(Bbbut The Rats Think It Is!!!)

    07/28/2020 6:27:43 AM PDT · by Kaslin · 27 replies ^ | July 28, 2020 | Stephen Moore
    Back in 2009, Nancy Pelosi infamously declared the best way to revive the economy was to dole out ever-more-generous food stamps and unemployment benefits. The more people collecting welfare, the better. At the time, this notion seemed laughable. Now this economic illiteracy seems to have become conventional wisdom. This was a headline in the New York Times recently: "End of $600 Unemployment Bonus Could Push Millions Past the Brink." Here was the lead on the "news" piece: "When millions of Americans began losing their jobs in March, the federal government stepped in with a life preserver: $600 a week in...
  • Joe Biden promises to undo most of the Trump tax cuts if elected President

    06/30/2020 2:16:04 PM PDT · by SeekAndFind · 48 replies
    Washington Examiner ^ | 06/30/2020 | by Joseph Simonson
    Joe Biden has been consistent throughout his presidential campaign: Some level of higher taxes is coming. In a donor meeting Monday evening, Biden said he was "going to to get rid of the bulk of Trump's $2 trillion tax cut." He added about President Trump's 2017 tax law, enacted with a Republican Senate and a House then under Republican control, "A lot of you may not like that, but I'm going to close loopholes like capital gains and stepped-up basis," mentioning the numerous wealthy people in attendance virtually. “Folks, this is going to be really hard work, and Donald Trump...
  • Never Let A Crisis Go To Waste – Pelosi Using Coronavirus Crisis To Push Tax Break For Her Wealthy Neighbors

    04/03/2020 6:48:21 AM PDT · by USA Conservative · 11 replies
    Conservative US ^ | 04.03.2020 | Alex Hall
    Speaker of the House Nancy Pelosi toured San Francisco’s Chinatown back in late February. On the 25th of February, she said there’s no reason tourists or locals should be staying away from the area because of coronavirus concerns. “That’s what we’re trying to do today is to say everything is fine here,” Pelosi said. “Come because precautions have been taken. The city is on top of the situation.” Pelosi visited The Wok Shop, a temple and the Golden Gate Fortune Cookie Factory, which was started 58 years ago by owner Kevin Chan’s mother and uncle. She helped in spreading the...
  • Nancy Pelosi’s Wuhan Virus Priority Is To Give Money To Her Rich Donors

    04/03/2020 5:53:37 AM PDT · by Kaslin · 3 replies
    The Federalist ^ | April 3, 2020 | Willis L. Krumholz
    Behind the scenes, congressional Democrats’ main priority is bringing back a big tax loophole for rich people in high-tax blue states: their donors. House Speaker Nancy Pelosi, D-Calif., has political priorities. During negotiations over the three Wuhan coronavirus stimulus bills, Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., tried to include loans for abortion providers, as well as a bailout of the Obamacare exchanges that would end up funding abortion.That led to some bad PR for Pelosi, but the House speaker may be a glutton for punishment. If there’s one thing Democrats are beholden to more than the abortion lobby,...
  • Trump: 'Very Big' Tax Cut Planned for US Middle Class In Interview with Maria Bartiromo

    01/22/2020 12:45:14 PM PST · by SeekAndFind · 39 replies
    NewsMax ^ | 01/22/2020 | Sandy Fitzerald
    A "very big" tax cut for middle-class Americans will be announced over the next 90 days, President Donald Trump said in an interview Wednesday. "We will make that permanent for the middle class," Trump told Fox Business' Maria Bartiromo in an interview from the World Economic Forum in Davis, Switzerland, where he also added that further initiatives are coming on healthcare. "We've done well with health care. We got rid of the individual mandate. That was a thing people couldn't do, they couldn't afford it, they didn't want it," said Trump. "They were forced to pay a number and not...
  • A Pro-Growth Alternative to the Left’s Tax Hike Agenda

    11/21/2019 2:14:54 PM PST · by Tolerance Sucks Rocks · 5 replies
    The Daily Signal ^ | November 20, 2019 | Adam Michel
    America needs a bold agenda to solidify the current economic expansion and return hard-earned money to taxpayers. That runs counter to the consensus of those on the left, who want large increases in federal spending and dramatic tax increases to pay for them. Their plans are so expansive that it will require both middle-class payroll tax hikes and broad new taxes on American savers, investors, and employers. Opposing that growth-killing agenda isn’t enough. Conservatives need to draw a stark contrast and push for a second round of tax relief that will let workers keep more of their money, make it...
  • Trump Needs Tax Cut 2.0

    11/19/2019 4:41:32 AM PST · by Kaslin · 9 replies ^ | November 19, 2019 | Stephen Moore
    Every single plausible Democratic candidate for president has endorsed tax increases as a centerpiece of their economic agenda. Think about what we are hearing from Elizabeth Warren, Joe Biden, Bernie Sanders and the rest of the "Punch and Judy" show: new wealth taxes, carbon taxes, energy taxes, higher death and income taxes with rates up to 70%. Payroll taxes would rise to pay for Social Security benefit expansions and Medicare for All. I remember a time when liberal Michael Dukakis, running against George H.W. Bush, declared he would only raise taxes as "a last resort." Now Democrats think raising taxes...