Adam Sabes

VIDEO: 2020 Democrats Will Raise Your Taxes

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Posted by Adam Sabes on Tuesday, July 30th, 2019, 6:00 AM PERMALINK

Americans for Tax Reform today released a video compilation of 2020 Democrat presidential candidates threatening to impose tax increases on the American people. 

From repealing the Tax Cuts and Jobs Act, raising personal and corporate tax rates, the payroll tax, the death tax, and proposing a carbon tax and “wealth tax” — one thing is clear: Democrats will raise taxes if they win the 2020 elections. 

 

[Click here for video]

 

See more:

Kamala Harris Campaign Headquarters Located in Opportunity Zone Created by GOP Tax Cuts

Julian Castro: “We’re going to have to raise taxes.”

Biden and Harris: Raise the Corporate Tax Rate

Biden tweet: Ignore the fact I’ve already called for middle class tax hikes

Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”


Kamala Harris Campaign Headquarters Located in Opportunity Zone Created by GOP Tax Cuts

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Posted by Adam Sabes on Saturday, July 27th, 2019, 4:52 PM PERMALINK

The Kamala Harris campaign directly benefits from the Trump tax cuts: The Harris national campaign headquarters is located in an Opportunity Zone in Baltimore made possible by the Tax Cuts and Jobs Act, signed into law by President Donald Trump in 2017.

Harris has promised to fully repeal the Tax Cuts and Jobs Act if elected. "Get rid of the whole thing," she said. If she repealed the tax cuts, the Opportunity Zones -- including the one where her campaign headquarters is located -- would be abolished.

For months, the Harris campaign headquarters was housed in a different Baltimore location. The campaign told the The Baltimore Sun in May that the headquarters would be moved to an Opportunity Zone:

The campaign said the permanent site will be located in an “opportunity zone.” That federal program — part of a 2017 tax reform law -- is designed to attract billions of dollars of private investment and government resources to distressed communities around the nation."

The Harris campaign moved to its new, permanent location inside the Opportunity Zone in early June.

The GOP-enacted Tax Cuts and Jobs Act created the Opportunity Zones to encourage long-term investment, innovation, and growth in distressed areas. As noted by the Maryland Department of Housing and Community Development:

The Opportunity Zone program is a nationwide initiative administered by the U.S. Treasury created under the 2017 Tax Cuts and Job​s Act. The program provides federal tax incentives for investment in distressed communities over the next 10 years. Areas designated as Opportunity Zones will be able to reap the benefits of new capital investment to help redevelop underserved communities.

Meanwhile, Harris continues to rail against the tax reform that made the Opportunity Zones possible.

“We need to repeal that tax bill,” Harris said on July 16. “On day one, it is my full intention to repeal that tax bill that passed, representing the top one percent and the biggest corporations in America.”

[Click here for video]

 

 

 

 

 

Photo Credit: DAEWOO KANG/Flickr


Julian Castro: “We’re going to have to raise taxes.”

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Posted by Adam Sabes on Thursday, July 25th, 2019, 5:04 PM PERMALINK

Yesterday, Democrat presidential candidate Julian Castro said“we’re going to have to raise taxes” and “repeal and replace” the GOP tax cuts.” Castro made the remarks at the NAACP annual convention in Detroit, joining a long list of Democratic presidential candidates threatening to impose tax increases if elected

Here's the key exchange:

Moderator: “How can the nation pay its bills without raising taxes?”

Julian Castro: “Well, I think that part of the answer is that we’re going to have to raise taxes. And we’re going to begin by repealing and replacing the Trump tax cuts.

If Castro and the Democrats repealed the Tax Cuts and Jobs Act,the following would happen:

  • A family of four earning the median income of $73,000 would see a $2,000 tax increase.
  • A single parent (with one child) making $41,000 would see a $1,300 tax increase.
  • Millions of low and middle income households would be stuck paying the Obamacare individual mandate tax.
  • Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
  • Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
  • The USA would have the highest corporate income tax rate in the developed world.
  • Taxes would rise in every state and every congressional district.
  • The Death Tax would ensnare more families and businesses.
  • The AMT would snap back to hit millions of households.
  • Millions of households would see their child tax credit cut in half.
  • Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.

According to an H&R Block report, Americans received significant tax relief from the GOP tax cuts: “overall tax liability is down 24.9 percent on average.” The report found that in Castro’s Texas, taxpayers received a 25.6% tax cut on average.

In Castro’s home state of Texas, households making the average income of $59,206 saw an average tax cut of around $1,324 according to a recent Tax Foundation report.

Even left-leaning and establishment media outlets confirm the good news arising from the Tax Cuts and Jobs Act:

Castro now joins Joe Biden and Kamala Harris in threatening to undo the Tax Cuts and Jobs Act during their presidential campaign. If you want to stay up-to-date on their threats to raise taxes, follow atr.org/HighTaxDems.

See more:

Biden and Harris: Raise the Corporate Tax Rate

Biden tweet: Ignore the fact I’ve already called for middle class tax hikes

Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”


Biden and Harris: Raise the Corporate Tax Rate

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Posted by Adam Sabes on Thursday, July 25th, 2019, 10:00 AM PERMALINK

Kamala Harris and Joe Biden have both called for increases in the corporate tax rate during various campaign stops and interviews in July.

[Click here for video]

I would raise the corporate tax rate from 20 to 28 percent,” Biden said during a CNN interview.

We’ve got to increase the corporate tax rate,” Harris said during a roundtable in Davenport, Iowa.

I would raise the corporate tax, I agreed we should have lowered it from 36 to 28 percent, but it got lowered to 20 percent,” Biden said in Sioux City, Iowa.

The Tax Cuts and Jobs Act permanently cut the corporate rate from 35 percent to 21 percent. Biden is incorrect when he says it was lowered to 20 percent.

State corporate taxes average 6 percent across the U.S., so this Biden and Harris tax hike would give the U.S. a combined average corporate rate of 34 percent.

The Biden and Harris percent combined federal-state corporate rate would give the U.S. a much higher rate than the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), and Ireland (12.5 percent). It would impose a tax rate higher than the current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD), which is currently 23.7 percent.

An increase in the corporate tax rate would also directly raise the cost of utility bills in all 50 states.

Biden and Harris have also repeatedly threatened a full repeal of the Tax Cuts and Jobs Act.

First thing I’d do is repeal those Trump tax cuts,said Biden during a campaign stop in Columbia, South Carolina on May 4.

On day one, it is my full intention to repeal that tax bill that passed, representing the top one percent and the biggest corporations in America,” Harris said during a roundtable in Davenport, Iowa on July 16.

Even left-leaning and establishment media outlets confirm the good news arising from the Tax Cuts and Jobs Act:

Biden and Harris have been threatening to undo the Tax Cuts and Jobs Act throughout their entire campaign. If you want to stay up-to-date on their threats to raise taxes, follow atr.org/HighTaxDems.

See more:

Biden tweet: Ignore the fact I’ve already called for middle class tax hikes

Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”


Biden tweet: Ignore the fact I’ve already called for middle class tax hikes

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Posted by Adam Sabes on Wednesday, July 24th, 2019, 1:05 PM PERMALINK

Democratic presidential candidate Joe Biden tweeted on Friday that his government healthcare proposal will not involve raising taxes on the middle class, but he’s planning on doing just that by his repeated threats to repeal the Tax Cuts and Jobs Act.

“Here's the deal, my plan to build on Obamacare will expand health care coverage and lower costs — without raising taxes on the middle class.  Proponents of Medicare for All can't say the same,” Biden tweeted.

But Biden will raise taxes on the middle class by repealing the Tax Cuts and Jobs Act. Biden has threatened on at least 10 occasions that he’d repeal the tax cuts if elected.

“First thing I’d do is repeal those Trump tax cuts,” said Biden during a campaign stop in Columbia, South Carolina on May 4.

Biden’s promise to repeal the tax cuts is a promise to raise taxes on Americans of all income levels. If the tax cuts were repealed:

  • A family of four earning the median income of $73,000 would see a $2,000 tax increase.
  • A single parent (with one child) making $41,000 would see a $1,300 tax increase.
  • Millions of low and middle-income households would be stuck paying the Obamacare individual mandate tax.
  • Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
  • Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
  • The USA would have the highest corporate income tax rate in the developed world.
  • Taxes would rise in every state and every congressional district.
  • The Death Tax would ensnare more families and businesses.
  • The AMT would snap back to hit millions of households.
  • Millions of households would see their child tax credit cut in half.
  • Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.

As noted by the New York Times, thanks to the GOP tax cuts, “Most people got a tax cut.” The NYT also stated: “To a large degree, the gap between perception and reality on the tax cuts appears to flow from a sustained — and misleading — effort by liberal opponents of the law to brand it as a broad middle-class tax increase.”

The Washington Post also stated: “Most Americans received a tax cut.”

More examples of the benefits stemming from the tax cuts are shown in a recent H&R Block report, which states, “overall tax liability is down 24.9 percent on average.” In Biden’s home state of Delaware, the report found that residents received a 24.8% tax cut.

Biden also lied to the American people when he ran for Vice President in 2008 when he repeatedly said he would not support any form of any tax that imposed even “one single penny” of tax increase on anyone making less than $250,000. Biden shattered that promise upon taking office.

See more:

Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”

Photo Credit: Flickr/Kelly Kline


Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

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Posted by Adam Sabes on Wednesday, July 24th, 2019, 12:48 PM PERMALINK

Kamala Harris tweeted on Saturday that if elected, she would “reverse” the Tax Cuts and Jobs Act.

“Working families have been left behind, while those at the top have reaped the benefits. When elected, I will reverse Trump’s trillion-dollar tax scam and put money back in the pockets of middle-class families,” Harris tweeted.

Since the start of her campaign, she’s called for repealing the Tax Cuts and Jobs Act at least eleven times.

“On day one, it is my full intention to repeal that tax bill that passed, representing the top one percent and the biggest corporations in America,” Harris said during a campaign stop in Davenport, Iowa on July 16.

Harris’s promise to repeal the tax cuts is a promise to raise taxes. If Harris repealed the tax cuts, the following would happen:

  • A family of four earning the median income of $73,000 would see a$2,000 tax increase.
  • A single parent (with one child) making $41,000 would see a $1,300 tax increase.
  • Millions of low and middle income households would be stuck paying the Obamacare individual mandate tax.
  • Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
  • Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
  • The USA would have the highest corporate income tax rate in the developed world.
  • Taxes would rise in every state and every congressional district.
  • The Death Tax would ensnare more families and businesses.
  • The AMT would snap back to hit millions of households.
  • Millions of households would see their child tax credit cut in half.
  • Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.

More evidence of the benefits flowing from the tax cuts can be found in a recent H&R Block report, which stated, “overall tax liability is down 24.9 percent on average.”

In Harris’s home state of California, the report found that residents received a 27.1% reduction in their taxes, on average. 

Even left-leaning and establishment media outlets confirm the good news arising from the Tax Cuts and Jobs Act:

See more:

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”

Photo Credit: Gage Skidmore/Flickr


Kamala Harris: “We’ve Got to Increase the Corporate Tax Rate”

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Posted by Adam Sabes on Wednesday, July 17th, 2019, 5:05 PM PERMALINK

Democratic presidential candidate Kamala Harris said the corporate tax rate has “got to” be increased, during a roundtable in Davenport, Iowa, on Tuesday.

[Click here for video]

Harris said:

We’ve got to increase the corporate tax rate.

How high would Harris raise the corporate tax rate? She has repeatedly threatened a full repeal of the GOP-enacted Tax Cuts and Jobs Act. This means a return to a 35% corporate tax rate under a President Kamala Harris.

Get rid of the whole thing,” said Harris on May 6 of the Tax Cuts and Jobs Act, which reduced the corporate rate from 35 to 21 percent.

We need to repeal that tax bill,” Harris said again on Tuesday.

State corporate taxes average 6 percent across the U.S., so the Harris tax hike would give the U.S. a combined average corporate rate of 41 percent.

The Harris tax rate increase would give the U.S. a much higher rate than the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), and Ireland (12.5 percent). It would impose a tax rate higher than the current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD), which is currently 23.7 percent.

An increase in the corporate tax rate would directly raise the cost of utility bills in all 50 states.


Biden: “I Would Raise the Corporate Tax Rate” to 28 Percent

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Posted by Adam Sabes on Wednesday, July 17th, 2019, 3:36 PM PERMALINK

Biden tax hike would result in a combined federal-state corporate tax rate of 34%

Democrat presidential candidate Joe Biden said on Tuesday in Sioux City, Iowa that if elected, he would raise the corporate tax rate to 28 percent.

[Click here to watch]

Biden said:

I would raise the corporate tax. I think we should have lowered it from 36 to 28 percent, but it got lowered to 20 percent. If we just raised it back to 28 percent, we would raise about 600 billion dollars a year. Look at all of the needs we have and the opportunities we have. Ladies and gentlemen, it begins by reversing those cuts.”

The Tax Cuts and Jobs Act permanently cut the corporate rate from 35 percent to 21 percent. Biden is incorrect when he says it was lowered to 20 percent.

State corporate taxes average 6 percent across the U.S., so this Biden tax hike would give the U.S. a combined average corporate rate of 34 percent.

The Biden 34 percent combined federal-state corporate rate would give the U.S. a much higher rate than the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), and Ireland (12.5 percent). It would impose a tax rate higher than the current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD), which is currently 23.7 percent.

An increase in the corporate tax rate would also directly raise the cost of utility bills in all 50 states.

Biden has also repeatedly threatened a full repeal of the Tax Cuts and Jobs Act.

“First thing I’d do is repeal those Trump tax cuts,” said Biden during a campaign stop in Columbia, South Carolina on May 4.

Biden also continues to lie about the tax cuts. The Washington Post gave Biden four pinocchios when he said: “All of it went to folks at the top and corporations.” In its fact check, the Washington Post stated: “Most Americans received a tax cut.”

Even left-leaning and establishment media outlets confirm the good news arising from the Tax Cuts and Jobs Act:

 

See Also: 800 examples of good news arising from the GOP tax cuts


Democrat Steve Bullock Wants to Raise Corporate Tax Rate to 28%

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Posted by Adam Sabes on Wednesday, July 17th, 2019, 3:26 PM PERMALINK

Democratic presidential candidate Steve Bullock told POLITICO reporters and editors Tuesday he wants to raise the corporate tax rate to 28 percent.

But he said he does favor boosting the corporate tax rate to 28 percent from 21 percent,” stated the POLITICO report.

The GOP-enacted Tax Cuts and Jobs Act permanently cut the corporate rate from 35 percent to 21 percent.

State corporate taxes average 6 percent across the U.S, so this Bullock tax hike would give the U.S. an average top corporate rate of 34 percent.

The Bullock 34 percent combined federal-state corporate rate would give the U.S. a much higher rate than the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), and Ireland (12.5 percent). It would impose a tax rate higher than the current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD), which is currently 23.7 percent.

An increase in the corporate tax rate would also directly raise the cost of utility bills in all 50 states.

"Hiking the tax rate on American businesses will kill jobs, lower wages, and reduce new investment in America," said Grover Norquist, president of Americans for Tax Reform. "Why does Bullock want to damage American competitiveness and job creation?"

Photo Credit: Democratic Governors Association/Flickr


Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

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Posted by Adam Sabes on Tuesday, July 16th, 2019, 6:28 PM PERMALINK

In a span of three minutes, Democrat presidential candidate Kamala Harris called for the repeal of the Tax Cuts and Jobs Act four times, during a roundtable event in Davenport, Iowa today.

[Click here for video]

On day one, it is my full intention to repeal that tax bill that passed, representing the top one percent and the biggest corporations in America,” Harris said.

We need to repeal that tax bill,” Harris said.

So, one, it’ll be about repealing that tax bill,” Harris said.

And part of that is going to about repealing that tax bill that they just passed,” Harris said.

Since the start of her campaign, she’s called for repealing the Tax Cuts and Jobs Act at least ten times.

While Harris was speaking at a NAACP fundraiser in May, she threatened to “get rid of the whole thing,” if elected president.

Harris’s promise to repeal the tax cuts is a promise to raise taxes. If Harris repealed the tax cuts, the following would happen:

  • A family of four earning the median income of $73,000 would see a$2,000 tax increase.
  • A single parent (with one child) making $41,000 would see a $1,300 tax increase.
  • Millions of low and middle income households would be stuck paying the Obamacare individual mandate tax.
  • Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.
  • Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.
  • The USA would have the highest corporate income tax rate in the developed world.
  • Taxes would rise in every state and every congressional district.
  • The Death Tax would ensnare more families and businesses.
  • The AMT would snap back to hit millions of households.
  • Millions of households would see their child tax credit cut in half.
  • Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.

 

In Iowa , where Harris promised to repeal the TCJA, households making the average income, $58,570, received an average tax cut of around $1,423, according to a recent Tax Foundation report. According to the same report, every congressional district in America received a tax cut.

The Washington Post also stated: “Most Americans received a tax cut.”

More evidence of the benefits flowing from the tax cuts can be found in a recent H&R Block report, which stated, “overall tax liability is down 24.9 percent on average.”

In Harris’s home state of California, the report found that residents received a27.1% reduction in their taxes, on average. 

In Iowa - the state where she made the threats to repeal the TCJA - residents received a 24.0% tax cut.

Even left-leaning and establishment media outlets confirm the good news arising from the Tax Cuts and Jobs Act:

See Also:

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”


 


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