In a mind-numbingly ignorant reelection strategy, the Democrats have just announced that if you vote for them, they promise to take those “crumbs” back from you and give them to the government.
https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/amp/
Congressional Democrats https://www.politico.com/story/2018/03/07/senate-democrats-tax-cuts-infrastructure-392523 released a detailed tax hike plan that they promised to implement if given majority control of the House and Senate after the 2018 midterm elections. So much for the crocodile tears about the deficit–Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects.
https://www.democrats.senate.gov/newsroom/press-releases/goptaxscam-delivers-billions-to-corporate-executives-and-wealthy-shareholders-while-middle-class-workers-are-left-behind
As you might expect, hold onto your wallets.https://www.washingtonexaminer.com/democrats-tax-cuts-are-unpopular-and-should-be-lifted-to-pay-for-infrastructure/article/2650925
Here are the details:
Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it’s also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations and LLCs pay their business taxes on their owners’ 1040 personal tax returns. Hiking the top tax rate is a small business tax increase.
Cut the “death tax” standard deduction in half. Over the past few decades, no tax has proven more unpopular in every single poll https://www.forbes.com/sites/taxanalysts/2016/03/31/face-it-americans-just-dont-like-the-estate-tax/#6aa06a4822bd than the death tax, the federal tax on estates. 60 to 70 percent of poll respondents consistently call for its full repeal. The new tax law didn’t repeal the death tax, but it did the next best thing–it doubled the death tax’s “standard deduction” from $5.5 million to $11 million (and twice that for surviving spouses). As a result, far fewer family businesses and farms will be subject to the death tax, and many smaller firms can shed the costly insurance, legal, and actuarial costs of avoiding the death tax. Like the top personal rate, the death tax is not something that really affects the rich, who have plenty of resources to avoid the levy. Rather, it hits hardest those companies profitable enough to worry about it but not profitable enough to not worry about, if you catch my meaning. Democrats have never understood this, which is why it’s not surprising they want to reduce the death tax’s standard deduction back down to what it was before.
#GOPTaxScam Delivers Billions To Corporate Executives And Wealthy Shareholders While Middle-Class Workers Are Left Behind
https://www.democrats.senate.gov/newsroom/press-releases/goptaxscam-delivers-billions-to-corporate-executives-and-wealthy-shareholders-while-middle-class-workers-are-left-behind
Make taxpayers pay for abortion.
Make abortion as easy as getting a tooth pulled.
Give illegals green cards so they can vote.
Offshore American jobs.
Make ALL guns illegal.
Give criminals a free get out of jail card.
Paint all white people as racists and black people as Gods.
Remove anything Christian and replace with Islam.
Re-write history the way they want it to be shown.
Shred the constitution.
DID I MISS ANYTHING?
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