Adam Sabes

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

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Posted by Adam Sabes on Monday, July 15th, 2019, 3:51 PM PERMALINK

2020 Democratic presidential candidate Cory Booker said that “I do support” a carbon tax during a campaign event in Exeter, New Hampshire on Saturday. 

[Click here to watch] 

“Do you plan to institute a carbon tax and increase emission standards for businesses?,” a person asked the candidate at the event.

 “I don't think we can meet our climate goals with somehow without somehow pricing carbon....but yes, I do support that, okay, Booker responded.

Carbon taxes are so very unpopular with voters. In fact, carbon tax advocates can’t even get a carbon tax passed in a single blue state, as this timeline shows.

Booker’s comment is consistent with what he told the New York Times in April when asked if he supports a “federal carbon tax.”

A federal price on carbon should be one part of a comprehensive response by the federal government to the threat of climate change. The proceeds should be paid out as a dividend in a progressive way that ensures that our climate policies are also reducing inequality and not burdening everyday families.

However, Booker’s carbon tax plan would undoubtedly hurt “everyday americans,” and would require alarge bureaucracy to implement and run.

Most devastating for voters, however, is that it will impose severe tax increases on Social Security recipients.

Because the Booker carbon tax would significantly increase household costs -- cooling and heating, transportation, groceries, etc. – his plan would direct the federal government to send payments to households in an attempt to compensate for the increased cost burden.

But these payments, called a "dividend" by Booker -- are subject to federal income tax. The tax will not only siphon money from households to be sent to Washington -- it will also impact Social Security benefits.

report published by the pro-carbon tax Citizens' Climate Lobby acknowledges the following:

"Taxability of Dividends raises three separate issues: (i) additional complexity for taxpayers; (ii) the equity of the disparate effective marginal tax rates on taxable Dividends for various residents; and (iii) the method or methods by which those taxes would be paid."

Regarding Social Security recipients, the report states:

"Over the income-related phase-in range for the taxation of social security benefits, each additional $1.00 of non-social security income causes an additional $0.50 or $0.85 of social security benefits to become taxable. In most situations, the ordinary income tax rate in the phase-in range is 10 percent; however, at some income levels, the rate is 12 percent. Thus, $1.00 of non-social security income -- including income from the Dividend -- will be taxed at effective marginal rates of 15 percent, 18 percent, or 22.2 percent."

The report gives an example of how the tax would hit a typical couple over age 65 with an income of $38,000 and a Social Security benefit of $12,000:

"Based on that income, the tax rate schedule shows that their marginal tax rate would be 10 percent. However, the addition of $1,584 of taxable Dividends from the Carbon Fee causes more of their social security benefits to become taxable, and their marginal tax rate due to the Dividends is 20.12 percent, so that after paying their income tax, the couple is left with only 79.88 percent of their gross Dividend."

Citizens' Climate Lobby was caught on tape admitting carbon tax cost and complexity is "something that we at CCL can tend to soft-pedal."

It's no wonder 75 conservative groups wrote a letter to congress stating: "We oppose any carbon tax."

Carbon taxes also saddle state and local governments with huge costs. For example, a school district in Calgary was forced to kick 400 kids off the school bus program in order to pay a $3.3 million carbon tax bill.


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

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Posted by Adam Sabes on Monday, July 15th, 2019, 11:15 AM PERMALINK

Kamala Harris said that she would “repeal that tax bill” on “day one” during a campaign event in New Hampshire on Sunday.

[Click here to watch]

On day one, we are going to repeal that tax bill that benefits the top one percent and the biggest corporations in our country,” Harris said in Gilford, NH on Sunday.

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

“On day one, we’re going to repeal that tax bill that benefits the top 1% and the biggest corporations in our country,” during a campaign stop in Florence, South Carolina on July 7.

“On day one, we’re going to repeal that tax bill that benefited the top 1% and the biggest corporations in our country,” during a campaign stop in Birmingham, Alabama on June 7.

“On day one, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country,” Harris said during a stop in New Hampshire on May 15.

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

A promise to repeal the tax cuts is a promise to raise taxes. 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.

In New Hampshire, where Harris promised to repeal the TCJA, households making the average income, $73,381, received an average tax cut of around $1,435, 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 a 27.1% reduction in their taxes, on average. In the state where Harris made the tax hike threat – New Hampshire – residents received a 25.2 percent tax cut on average.

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

See also:

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: I Will Raise Corporate Tax Rate to 28%

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Posted by Adam Sabes on Tuesday, July 9th, 2019, 3:14 PM PERMALINK

Asked by CNN how he would help the middle class, Biden responds with three tax hikes

Joe Biden will raise the U.S. corporate income tax rate to 28 percent if he wins the presidency, he told CNN.

Asked by host Chris Cuomo how he would help the middle class, Biden immediately proposed three tax increases: a personal income tax rate increase, a capital gains tax increase, and a corporate income tax increase:

[Click here to watch]

"Well, three things. One, I do raise the tax rate to 39.5 percent. I do, in fact, eliminate the ability for them to write off capital gains the way they do now. I would raise the -- and raise billions of dollars -- raise the corporate tax rate from 20 percent to 28 percent.”

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

The Biden 28 percent rate would give the U.S. a 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.

"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 Biden want to damage American competitiveness and job creation?"

An increase in the corporate tax rate would 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


Kamala Harris: "On Day One" I Will Repeal Tax Cuts

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Posted by Adam Sabes on Monday, July 8th, 2019, 4:05 PM PERMALINK

Kamala Harris has again called for the repeal of the Tax Cuts and Jobs act and says she'll do it on "day one" if elected.

[Click here for video]

On day one, we’re going to repeal that tax bill that benefits the top 1% and the biggest corporations in our country,” during a campaign stop in Florence, South Carolina on Sunday.

Since the start of her campaign, she’s called for repealing the TCJA at least four times.

On day one, we’re going to repeal that tax bill that benefited the top 1% and the biggest corporations in our country,” during a campaign stop in Birmingham, Alabama on June 7.

On day one, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country,” Harris said during a stop in New Hampshire on May 15.

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

A promise to repeal the tax cuts is a promise to raise taxes. 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.

In South Carolina, where Harris promised to repeal the TCJA, households making the average income, $50,570, received an average tax cut of around $1,341, according to a recent Tax Foundation report. According to the same report, every congressional district in America received a tax cut.

As noted by the New York Times: “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 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. In the state where Harris made the tax hike threat – South Carolina – residents received a 23.2 percent tax cut on average.

See also:

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 Continues to Lie about Tax Cuts


Posted by Adam Sabes on Monday, July 8th, 2019, 2:00 PM PERMALINK

Kamala Harris said at two recent campaign events that the Tax Cuts and Jobs Act only helped the “top one percent and the biggest corporations in this country,” even though evidence shows that it helped most Americans.

[Click here for video]

“He said he was gonna help working American families and working families and working people, then passes a tax bill that benefits the top one percent and the biggest corporations in this country,” Harris said at a campaign event in Sioux City, Iowa on July 5.

“Lets look at the rap sheet, shall we? Let’s look at the facts. [He] promised working class people that they would be helped, but then he passes a tax bill benefiting the top 1% and the biggest corporations,” Harris said during a campaign event in Des Moines, Iowa on July 3.

The Washington Post gave Joe Biden four pinocchios when he made a similar claim: “All of it went to folks at the top and corporations," he said.

In its fact check, the Washington Post stated: “Most Americans received a tax cut.”

The New York Times also flatly stated: "Most people got a tax cut."

CNN's Jake Tapper did his own fact check and concluded: "The facts are, most Americans got a tax cut."

CNN's Jake Tapper also stated: "In fact, estimates from both sides of the political spectrum show that the majority of people in the United States of America did receive a tax cut."

FactCheck.org stated: "Most people got some kind of tax cut in 2018 as a result of the law."

FactCheck.org also stated: "The vast majority (82 percent) of middle-income earners — those with income between about $49,000 and $86,000 — received a tax cut that averaged about $1,050.

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.”

Kamala Harris is misleading Americans and lying to them, and she isn’t shy about her intent to repeal the Tax Cuts and Jobs Act.

"On day one, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country,” she said on May 5.

Harris’ promise to repeal the tax cuts is a promise to raise taxes. 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.

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 Iowa - the state she made this statement - residents received a 24.0% tax cut.

See also:

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.”


Jay Inslee: “Repeal the Trump Tax Cuts”


Posted by Adam Sabes on Monday, July 8th, 2019, 10:58 AM PERMALINK

2020 Democratic presidential candidate Jay Inslee has called for a full repeal of the Tax Cuts and Jobs Act. Inslee made the comment on July 5 during an education forum hosted by the National Education Association in Houston, Texas.

[Click here for video]

 “And now we move forward to make rational decisions. To repeal the Trump tax cuts,” said Inslee in Houston.

“Here’s how we get technology, we have the federal government reverse the Trump tax cuts,” he said.

Inslee’s promise to repeal the tax cuts is a promise to raise taxes. 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 Washington state, where Inslee serves as Governor, the report found that residents received a 24.9% tax cut.

See also:

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.”


Norquist on Dem Threats to Repeal TCJA: A single parent would pay $1300 more in taxes every year


Posted by Adam Sabes on Friday, July 5th, 2019, 3:26 PM PERMALINK

Today, Americans for Tax Reform President Grover Norquist was a guest on Fox Business Network’s Mornings with Maria and talked about Democrat threats to end the Tax Cuts and Jobs Act.

[Click here to watch]

Norquist noted that if Democrats follow through on their threat to repeal the Tax Cuts and Jobs Act, Americans will be paying more in taxes.

“When the Democrats say they're going to undo the tax cut, there is now a specific number that people can look at. A single parent making $41,000 a year would pay $1,300 higher taxes not just one year, but every year for the rest of his or her life. If the Democrats undid the Republican tax cut, and the middle income family with two kids would see a $2,000 tax hike. So you can calculate to the dollar, how much it will cost you if you vote for a Democrat for President.”

See more:

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Joe Biden and Kamala Harris Agree on One Thing: Raising Taxes


Norquist on indexing cap gains: “Anyone who has an asset would no longer be penalized for the taxation on inflation.”


Posted by Adam Sabes on Wednesday, July 3rd, 2019, 3:58 PM PERMALINK

“Anyone who has an asset would no longer be penalized for the taxation on inflation,” said Americans for Tax Reform president Grover Norquist on "The Ticker" on Yahoo Finance, hosted by Seana Smith.

Norquist said: "Well, since half of the Americans own shares of stock [and] half of Americans own homes, every farmer would benefit from this. The answer is - And this is available to anybody, by the way - anybody who owns an asset, buys an asset, has an asset would no longer be penalized for the taxation on inflation. Schumer, the lead Democrat in the Senate, was on the floor of the Senate on TV, saying we ought not to tax inflation on capital gains. He has stated support for this as well, not necessarily for the executive order, but he says he's for the policy. We'll see if he continues out or whether he wants to play partisan politics. I think that'd be a big mistake. The people who benefit from this are people over 55, who have the most inflation inside their homes, land, any buildings, and you'd see a tremendous unlocking of corporate assets. Also, because companies live for a long time. They've had assets for 100 years. They don't sell things that are 100 years old, because of the high tax on the inflation. This would liberal and open up maybe $7 trillion over the next two years in asset sales from companies. That would be a tremendous boon to the economy. And everybody who gets a job - none of whom are in the top 1% - Is the beneficiary of a strong economy."

View the full interview at this link.


Joe Biden and Kamala Harris Agree on One Thing: Raising Taxes


Posted by Adam Sabes on Wednesday, July 3rd, 2019, 9:27 AM PERMALINK

2020 Democratic candidates Joe Biden and Kamala Harris have been in a feud recently, but both want to impose a tax increase on the American people by repealing the Tax Cuts and Jobs Act. Americans for Tax Reform today released a video montage showing Biden and Harris enthusiastically pressing for the TCJA repeal.

[Click here to watch]

“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, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country,” said Harris on May 5 during an NAACP fundraiser in Detroit.

“When I’m president, if God Willing I am, we’re going to reverse those Trump tax cuts,” Biden said during a campaign stop in Manchester, New Hampshire on May 13.

“On day one, we’re going to repeal that tax bill that benefited the top 1% and the biggest corporations in our country,” Harris said during a campaign stop in Birmingham, Alabama on June 7.

"And folks, on day one, I will move to eliminate Trump's tax cuts," Biden said during the South Carolina Democrat Convention on Saturday, June 22.

Their promise to repeal the tax cuts is a promise to raise taxes. 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. In Harris’ home state of California, the report found that residents received a 27.1% tax cut.

See also:

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

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Posted by Adam Sabes on Tuesday, July 2nd, 2019, 11:35 AM PERMALINK

2020 Democratic presidential candidate Joe Biden is paying for advertisements on Google that tout his plans to "Repeal Trump's Tax Cuts."

"Repeal Trump's Tax Cuts," the advertisement on Google says. "Joe Biden will repeal the Trump tax cuts for the super wealthy and corporations. We need a tax code that rewards work, not just wealth. Do you agree? Take our poll."

The advertisement says that it is paid for by "Biden for President."

In addition to the paid ads, Biden has threatened to repeal the Tax Cuts and Jobs Act on at least ten separate occasions.

Biden’s promise to repeal the tax cuts is a promise to raise taxes. 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 also:

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: Floyd Brown/Flickr


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