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As Tax Vote Nears, Pelosi’s Kamikaze Congress Readies Suicide Dive

AMAC Exclusive – by Pat Conroy

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While millions of Americans are still struggling to recover from the economic hardship brought on by the pandemic, Democrats apparently believe now is the time for a giant tax hike. If signed into law, their $3.5 trillion spending plan would amount to the largest expansion of the welfare state and government power since Lyndon Johnson’s ‘Great Society.’ Despite record inflation, a labor shortage, and anemic recovery numbers, as part of this plan President Biden and his allies in Congress are proposing the largest tax increase in modern American history. And a new analysis concludes that workers, retirees, and small businesses will bear the economic brunt of the proposal.

According to Congress’s non-partisan Joint Committee on Taxation (JCT), “Within 10 years of a corporate tax increase from 21 percent to 25 percent, 66.3 percent of the corporate tax burden would be borne by lower-and middle-income taxpayers with income well below $500,000,” the Committee said. This finding directly contradicts President Biden’s emphatic pledge that “anybody making less than $400,000 a year will not pay a single penny [more] in taxes.”

In fact, according to the same JCT analysis, middle-class Americans could face a tax hike by 2027 under Biden’s plan as a result of the expanded child tax credit.

The analysis is also pulling back the curtain on the dishonest promise that only the wealthy will face taxes increases. As Reason reports on the JCT estimate, by 2027, “the changes House Democrats are now proposing would result in higher taxes for nearly all taxpayers—even those making as little as $30,000 per year. Middle-class Americans earning between $50,000 and $100,000 would owe, on average, several hundred dollars in additional taxes.”

In other words, if the Democrats’ plans become law, Biden would be flagrantly violating his promise to the American people.

Biden would also be defying the overwhelming bipartisan consensus regarding current tax policy: According to NPR polling, 77 percent of Americans said their own personal federal income taxes are too high – a rare agreement that stretches across party lines.

If Biden is not careful, he may find himself repeating the mistakes of his recent Democrat predecessors. The pollster Douglas Schoen, who served as an adviser to President Bill Clinton, understands the political perils of tax increases ahead of midterm elections and sounded the alarm in a recent op-ed. “Democrats’ blowout midterm defeats in both 1994 and 2010 can be attributed in large part to their passage of massive spending and tax bills in the years prior,” Schoen noted.

Right now, Biden is trekking down an shockingly similar political path with his $3.5 trillion budget resolution. At the moment, there will not be a single Republican vote in favor of the package. Polls are also beginning to highlight that a majority of voters disapprove of Biden’s handling of the economy as inflation worsens and the recovery slows. When Americans learn about the large tax increase he has planned for them, it presumably will not help matters.

There is, however, one special group Democrats in Congress plan to cut taxes for: wealthy liberals in deep blue states. Democrats are vowing to repeal the state and local tax (SALT) deduction limits set forth by the TCJA. In a jarring example of hypocrisy, Democrats are going to quietly cut taxes for the rich while championing slogans like “the wealthy need to pay their fair share” in public.

According to a report released by the American Enterprise Institute, repealing the SALT cap in 2021 would cost $91 billion, and “over 50 percent of this reduction would accrue to taxpayers in just four states: California (25.1 percent), New York (16.8 percent), New Jersey (6.4 percent), and Illinois (4.2 percent).” Nationally, if the SALT repeal goes through, millionaires would receive an average tax cut of nearly $71,000, while individuals who make between $50,000-$70,000 would only receive a $23 tax cut.

One of the central focuses of the $3.5 trillion bill is raising taxes on businesses. House Democrats are expected to propose hiking the business rate to 26.5%, after President Trump and Republicans had reduced it down to 21% from 35%. Economists largely agree that such a policy would likely result in slowed economic growth, fewer jobs, and lower wages.

It would also result in American businesses paying a higher tax rate than the 25% rate businesses pay in Communist China. At a time when tensions between the two economic superpowers are at their highest levels ever, President Biden appears to be voluntarily surrendering America’s advantage and exporting American jobs in the process.

Although Democrats are determined to repeal the Trump tax cuts, the evidence is strong that the cuts lifted the economic prospects of millions of working class Americans. According to a report released on the two-year anniversary of the Tax Cuts and Jobs Act, “altogether, real disposable personal income per household [had risen] by about $6,000 since TCJA was signed into law.” This represented the largest increase in decades.

Beyond the tax hike on businesses, Democrats have been largely mum on where they plan to come up with the rest of the money for their $3.5 spending spree. House Ways and Means Chairman Richard Neal said the quiet part out loud when asked in an interview how his party intends to pay for the bill. “I’m likely to hold off on the payfors until we are at the altar,” Rep. Neal said, suggesting that he would keep the details secret until the very last minute because if Americans knew them in advance, he wouldn’t be able to pass the bill. It thus appears that Democrats intend to repeat their favorite legislative strategy: in the famous words of Nancy Pelosi from the Obamacare push in 2010, you “have to pass the bill so you can find out what’s in it.”

Pat Conroy is the pen name of a Washington, D.C. – based political strategist.

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Cheryl
28 days ago

Surely there are enough Democrats in Congress with a backbone that will tell Pelosi to go pound salt because they are NOT voting for her outrageous trillions of dollars tax increase bill that will bankrupt many companies and taxpayers! Cut all the fat

GROSSI
29 days ago

I can tell when she is lying “HER LIPS ARE MOVING”

Garye
29 days ago

Pathetic pelosi….this lady isn’t smart enough to know she’s dumb.
Does she really think ANYBODY believes a word she says???

Pops
29 days ago
Reply to  Garye

I believe dumb can be changed by education. pelosi is more stupid than dumb. Even duct tape cannot fix stupid.

Carma
29 days ago

Question: can the next Congress (after ’22) destroy this vote and nullify what it does? Is this spending reversible or irreversible?

Dave
29 days ago

Once you understand that the goal of the left is to destroy capitalism and America as we know it, it all makes sense. A big part of doing that is destroying the middle class. Joe Biden has no idea of what he is doing and is only doing what he is told to (and is suceptable to leftist concepts from decades of being a democrat Washington insider). Pointing out the damge that will be done to a leftist has no effect because they already know what they are doing will destroy the country; that’s the whole idea. Note, we are not recovering from econimic hardship due to the pandemic; we are recovering from economic hardship caused by the government’s reaction to the pandemic. Never forget that.

If you hate The United States of America, vote for democrats.

Sara J Grosso
28 days ago
Reply to  Dave

Boy, you said it perfectly!!! I and my entire family agree with everything you have wrote here.

Garye
1 month ago

pelosi is just another sniveling traitor in the democrat party.
Their ALL the same, self serving, anti American, power and money hungry.
She should have need removed 30 years ago!
Take a minute to research the district in California that she’s failed for her entire term.
Then check out her palatial,gated estate……so obviously she’s a corrupt , feeding at the taxpayers trough.
When Reuplicans take the house in 2022, bye bye Nancy!
She must be prosecuted for failing to abide by her oath of office too!

Carma
29 days ago
Reply to  Garye

The Pelosi family made so much of its money since she entered the House (like Maxine Waters and so many career pols who are only in it to make big bucks via corrupt alliances). Pelosi gained via insider trading, and her son has connections to Chinese businesses, too. Filthy, blood money is what turns her on apparently.

Garye
29 days ago
Reply to  Carma

Carma,
You’ve got her figured out completely.
Tell everybody you know how these career politicians are fleecing and destroying Our Country!

Sara J Grosso
28 days ago
Reply to  Carma

Don’t forget her nephew is the governor of California too.

Jon Kirsch
1 month ago

The solution IS: IF you have been paying into a gov’t retirement system such as Social Security or Medicare, AND you are at FRA, then leave that alone for those people. All Gov’t – ALL – stop the pension programs and all those funds go into SS. ALL gov’t live by the same system as the rest of the citizens. ALL other welfare programs reduce payments by 1/2 in 2022, 1/2 again in 2023, and each year after that. Get rid of all minimum wage requirements. STOP ALL payments for non-citizens!! They have not paid in and should not receive anything. Reduce all government government departments by 1/3 in 2022 and each year for 5 years thereafter.

bobk
1 month ago
Reply to  Jon Kirsch

great idea – I hope it happens

Max
1 month ago
Reply to  Jon Kirsch

Nice thought and I agree to a point, however the Democrats and Republicans would never agree because of possible loss of votes that come from those who are receiving benefits now and in the future. The country is screwed either way.

PaulE
1 month ago
Reply to  Max

Exactly correct. Politicians are generally NOT courageous individuals looking to do what is best for the country. They are usually people unable to cut it in the real world and went into politics as a means to have the kind of money and power they would otherwise be unable to attain. They will do NOTHING that potentially risks the loss of their position in Congress, as it is the best job most of them will ever be able to get for doing so little.

Constant de Calonne
1 month ago
Reply to  Max

AMEN USA IS SCREWED

Karen
1 month ago

Keep going Joey, you are committing suicide. Thank God!!! Are you going to tax all in the Congress and Senate? I’m sure they all gather over $400 thousand.

JJ Johnson-Smith
1 month ago

Not only are the American People trying to recover from the Tyrannical Covid Restrictions, but now we are facing inflation that is making even the most basic purchases difficult for MANY. So they think this is a good time for tax increases?! Dontcha wonder what the government would do if EVERY American just stopped paying?

Sara J Grosso
28 days ago

Oh how I would love for every one of us to stand up and say ‘screw you’ and none of us are paying one red cent any longer. They would have a heart attack!

Sean Richman
1 month ago

The democ rats are on very thin ice and would have problems getting elected,but they are very,very good at stealing elections.

tom B
1 month ago

The old adage, bad things happen to good people. When does it happen to bad people? She is evil. Perhaps a false profit as we were warned?

DrScott
1 month ago

I’m so tired of this Stupidity from career politicians in DC.

“IF YOU DON’T LET US RAISE YOUR FUTURE GENERATIONS DEBTS TO OVER $45TRILLION BY 2030, WE’RE GOING TO DEFAULT ON THIS DEBT WE’VE PUT ON YOU ALREADY.” Says Congress and fake POTUS.
It’s even worse than that.
Democrats are going to make it happen with reconciliation.
“$45TRILLION OR ELSE THE NATION DEFAULTS FOR THE FIRST TIME EVER!!”

Balance budget: last time Newt Gingrich was the Speaker of the House and the government shut down 6 times before it was a BALANCE BUDGET.

Here’s my answer, NO MORE DEBTS, AND YOU CAN GO HOME. WE DON’T NEED YOU OR WANT ANYTHING MORE YOU WANT TO SELL US. WE’VE TOLD YOU FOR 30 YEARS NOW TO BALANCE THE BUDGETS AND NO MORE DEBTS.
YOU CAN’T, YOU WON’T, AND ALL YOU DO IS THREATEN THE AMERICAN CITIZENS.
GOOD RIDDENS, GET OUT OF DC, AND STAY OUT. IF WE NEED YOU, WE WILL CALL YOU.
IDIOTS ARE THE BEST WORD I’VE GOT FOR YOU,
Signed,
An American Citizen

james michalicek
1 month ago

There are several big groups like AMAC that complain about Pelosi and other jerks like her but you NEVER DO ANYTHING!!! What are we paying for? Pelosi has prosecutable crimes that you could go after her for. SPEND SOME MONEY!!

Gary T
1 month ago

Judicial watch tries, but there are enough liberal judges that much of this is an incredible waste of money and time because the liberal judges just acquit and then we go on to the appeal process which is an incredible amount of additional money and time. We need a country wide, Viable, conservative voice to get these clowns out of office. Unfortunately, Trump probably isn’t that voice, since he seems to just divide the country in half. 

PaulE
1 month ago
Reply to  Gary T

Well when half the country is cheering on the Democrats to bring on socialism and the other half wants the representative republic spelled out in the Constitution, by default you’re going to end up with a country equally divided. There is NO middle ground or shared set of values between the two radically different forms of government.

Garye
29 days ago
Reply to  PaulE

Wouldn’t call anything the democrats do a value, a total lack of values fits them.

Edward B. Irvin
1 month ago

As many as possible need to participate in the Black Market economy. Cash or barter. They don’t deserve a penny from the working men and women. However a better way would be to get rid of the anti-

Hope
1 month ago

I HAVE NEVER IN MY YEARS OF LIFE BEEN AS CONCERNED FOR THIS NATION AS I HAVE BEEN SINCE THIS ADMINISTRATION TOOK OVER! I am a moderate Conservative and am sick thinking of how hard we have worked to have a free system in this nation to give to our GRANDCHILDREN which seems to be voted out by the ones who believe the government owes us a living! Through the years the US Government has spent more money “Giving Away” than it has taken in. AND the ones who have taken pride in earning our own way have been footing the bill. We seem to have forgotten our religion and our God who has given us life–a life to be used in building lives for each other–NOT “THE GOVERNMENT OWES IT TO US!”

Connie Ewing
1 month ago
Reply to  Hope

I totally agree!

PFArizona
1 month ago

I bet all the wages in the United States couldn’t pay for this “Human Structure” bill = SOCIALISM! So now the Democrats are going to let Bernie, AOC and her Squad run Congress! Schumer and Pelosi are insignificant even though they think they are. They are puppets for SOCIALISM.

The problem with socialism is that you eventually run out of other people’s money.”
If your only opportunity is to be equal then it is not opportunity.” – Margaret Thatcher

charles
1 month ago

we are all and some more than others about to experience a water shed moment in our nation’s history,deliberately.

Phyl
1 month ago

Demoncrats are nothing more than arrogant, self-seeking, greedy parasites. Every stinking one of them needs to be sent home for good.

BAE
1 month ago

Nasty Nancy is back to take more money from the average American tax payer.
Pelosi is a bully and corrupt and we are stuck with her. Yuk!!!

Mary
1 month ago

Many conservative Republicans are speaking up and trying to end this madness, what can an average person do but be informed, vote (we can’t help it if things are rigged) and try and spread the word to change the mind of any average idiot liberal Dem! Be conscious of your money and save the best you can.

Barbara Stricker
1 month ago
Reply to  Mary

We need to replace the Repub leadership and get real conservatives in office…they are all too comfortable and the reason we need term limits.. But sadly the ones that need to go are the ones who vote on it.

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