Democrats Announce Plan for Infrastructure: Rescind Tax Cuts, Pile on Tax Hikes
ANOTHER REASON TO BLOCK DEMOCRATS FROM TAKING CONTROL OF BOTH HOUSES:
You know those “crumbs” that Nancy Pelosi keeps talking about? Well, a few days ago Progressives lead by greasy Chuck Schumer and red diaper baby Bernie Sanders released plans to not only steal those crumbs back from working Americans but to raise their taxes to a rate higher than tax rates prior to the implementation of recent tax cuts should Progressives win control of the House and Senate in the 2018 mid-term elections.
Progressives actually believe that they can sell their campaign to re-institute their burdensome agenda of government theft to Americans under the guise making much needed repairs on our infrastructure. It is called, “Rebuilding American Infrastructure.”
Pigs at the Trough
Bureaucrats from the federal government down to local levels have for decades fleeced the pockets of taxpayers bone dry under the guise of making so-called much needed repairs on infrastructure, repairs of which go on forever. Bureaucrats justify such tax hikes, correction government theft by blaming road conditions, the amount of vehicles on the roads. In other words, it’s the fault of taxpayers.
Rarely questioned and omitted from the conversation are pay to play contractors, collective bargaining and corrupt bureaucrats who milk thousands of hours to siphon off billions of taxpayer dollars that pour into infrastructure projects. This is government corruption at its worst.
Forbes by Ryan Nellis
As you might expect, hold onto your wallets. 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.
Increasing personal income taxes would be particularly unfortunate since workers are now seeing the results of lower rates in their paychecks…. They will continue to see those bigger paydays for as long as the tax rates in law remain in effect. This higher tax home pay is a down payment on a lower tax liability[…]
Infrastructure which has become a dog whistle for “tax hikes” is a tool for government theft much like the “race,” “it’s for the children” cards and other overused propaganda tools in the Communists war chests.
Case in point, the endless fleecing of New York taxpayers by NYC’s Commie mayor Bill de Blasio, again in the name of “infrastructure.” The man has been repairing the same streets for five years running. All the while, the tax hikes keep coming.
Following Michael Bloomberg’s lead has transformed New York City’s once beautiful landscape into a frigid eyesore of urban dwellings, high-rise condo towers and office buildings.
Acknowledging that many roads regardless of how much money pours into road repairs continue to crumble, “infrastructure” remains a primary excuse to plunder the coffers and how dare anyone question bureaucrats who do so. Enough!
Oh and did I mention, and the national debt be damned.
Progressives also plan to increase the corporate tax rate from 21% to 25%, cut the standard deduction of the death taxes by half and bring back the “alternative minimum tax (AMT) for 4 million families.”
Imagine…that’s just the damage that
Democrats Communists are bold enough to brag about, as if the agenda to burn the house down aka do harm is a good thing.
Rescinding tax cuts and doubling down by implementing additional tax hikes will set Americans back to sorry state under Barack Obama.
In the meantime, they need voters to be distracted with Stormy Daniels and Russia, Russia, Russia.