Adam Sabes

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 If the tax cuts were repealed: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


VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts


Posted by Adam Sabes on Tuesday, July 2nd, 2019, 10:05 AM PERMALINK

Americans for Tax Reform today released a video compilation of the ten times Democrat presidential candidate Joe Biden has threatened to repeal the Tax Cuts and Jobs Act.

Biden announced his run for president in April and has already threatened to repeal the TCJA at least ten times.

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

“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.

"Look, here's the deal. If I'm president, the first thing we're gonna do is we're gonna end Trump's tax cuts," said Biden during a campaign stop in Nashua, New Hampshire on May 13.

"The first step is reverse President Trump's tax cuts for the very wealthy and corporations," said Biden during a campaign stop in Pittsburgh, Pennsylvania on April 29.

"The first step is reversing the tax cuts," said Biden during a campaign stop in Dubuque, Iowa on April 30.

“And look, the tax cut he passed for multi-millionaires and billionaires, guess what, when I’m president, it’s gone. It’s gone,” said Biden during a campaign stop in Davenport, Iowa on June 11.

“The first thing I would do as president [is] eliminate the president’s tax cut,” said Biden during the Poor People’s Forum in Washington, DC on June 17.

“And folks, on day one, on day one I will move Tump’s tax cuts, as well for the super wealthy,” said Biden during the South Carolina Democratic Convention on June 22.

“And I would be going about eliminating Donald Trump’s tax cuts for the wealthy,” said Biden on June 27 during the first Democratic presidential debate in Miami.

“If I’m elected president I will immediately repeal the tax cuts for the super wealthy in this [Trump] administration,” said Biden at the Rainbow Push Coalition Convention in Chicago on June 28.

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:

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.”


ATR’s Norquist makes the case for ending the inflation tax on cap gains

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Posted by Adam Sabes on Monday, July 1st, 2019, 2:32 PM PERMALINK

Today, Americans for Tax Reform president Grover Norquist was a guest on CNBC's Squawk Box and made the case for ending the inflation tax on capital gains.  

[Click here to watch]

Norquist said that the tax on inflation discourages people from selling property, even when it may make sense to sell.

“People who bought land or a house or stocks 20, 30, 40 years ago, often don't sell those, even when it makes sense, corporations have maybe $7 trillion sticky in capital, capital they're not moving around, because to sell it, you get hit with the tax on inflation. End that tax on inflation, and you'd see trillions of dollars of previously held assets move to higher and better use. It's not a new investment, but its investment in better use.”

Norquist went on to argue that the idea of taxing inflation is morally wrong.

“It is morally wrong for the government to create inflation, and then tax people on it."


Buttigieg Carbon Tax Will Raise Taxes on Social Security Recipients

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Posted by Adam Sabes on Thursday, June 27th, 2019, 10:30 PM PERMALINK

2020 Democratic presidential candidate Pete Buttigieg said "We need to do a carbon tax and dividend" at the Democratic debate in Miami, Florida.

"We need to do a carbon tax and dividend, but I would propose we do it in a way that is rebated out to the American people in a progressive fashion so that most Americans are made more than whole," Buttigieg said in Miami.

Buttigieg's carbon tax plan is a large, continually ratcheting national energy tax, which would allows congress to raise taxes automatically each year without having to vote. It would require a large bureaucracy to implement and run.

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

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

But these payments, called "dividends" by Buttigieg -- 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.

A 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."

Photo Credit: Lorie Shaull


Here’s what happens if Dems repeal tax cuts


Posted by Adam Sabes on Thursday, June 27th, 2019, 10:00 PM PERMALINK

2020 Democratic presidential candidate Joe Biden said he would go about "eliminating" the Tax Cuts and Jobs Act if elected,  while speaking at the Democratic presidential debate in Miami, Florida on Thursday night.

[Click here to watch]

"I would be going about eliminating Donald Trump's tax cut for the wealthy," Biden said on the debate stage.

This is at least the ninth time that Biden has threatened to repeal the TCJA.

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.
     

In Florida, where the debate was held, households with the median income of $52,594 received an average tax cut of around $1,354 according to a recent Tax Foundation report.

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 Florida -- where he made his most recent threat to repeal the TCJA -- residents received a 25.5% 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: 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


Taxpayer Notes on First Dem Debate

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Posted by Adam Sabes on Thursday, June 27th, 2019, 11:40 AM PERMALINK

2020 Democratic presidential candidate Elizabeth Warren called for eliminating private health insurance if elected, instead opting for a taxpayer-funded "medicare for all" program, which would strip millions of Americans off of their private insurance plans.

Warren made the comment during the first Democratic presidential debate on NBC Wednesday night.

“So, yes. I'm with Bernie on Medicare for all," said Elizabeth Warren and raised her hand instantly when Lester Holtz asked who on the stage would "abolish" private health insurance.

Democrats, in addition to eliminating private health insurance, also talked about raising taxes and implementing a carbon tax.

  • Beto O'Rourke called for raising the corporate tax rate from 21 percent to 28 percent.  “Take that corporate tax rate up to 28 percent."
  • Bill DeBlasio called for a 70 percent top marginal income tax rate.  “Yes, we’re supposed to be for a 70 percent tax rate on the wealthy."
  • John Delaney called for a carbon tax on the American people, which Chuck Todd described as "just politically impossible." "This is really important. All the economists agree that a carbon pricing mechanism works. You just have to do it right. You can't put a price on carbon, raise energy prices, and not give the money back to the American people.  My proposal, which is put a price on carbon, give a dividend back to the American people. It goes out one pocket, back in the other."

 

 H.R. 763, a carbon dividend bill -- imposes a large, continually ratcheting national energy tax, allowing politicians to raise taxes without ever having to vote. It would raise taxes on Social Security benefits and require a large bureaucracy to implement and run. The well-funded carbon tax group pushing Rooney's bill -- 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."

Photo Credit: Marta Evry


VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA


Posted by Adam Sabes on Wednesday, June 26th, 2019, 5:01 PM PERMALINK

Americans for Tax Reform reform has released a video compilation of ten different times that 2020 Democratic presidential candidates have threatened to repeal the Tax Cuts and Jobs Act.

[Click here for video]

  1. May 4, 2019: Joe Biden said, “First thing I’d do is repeal those Trump tax cuts."
  2. May 5, 2019: Kamala Harris said, "On day one, we gonna repeal that tax bill that benefited the top one percent and the biggest corporations in this country.
  3. May 13, 2019: Joe Biden said, “When I’m president, if God Willing I am, we’re going to reverse those Trump tax cuts.”
  4. May 13, 2019: Joe Biden said, "Look, here's the deal. If I'm president, the first thing we're gonna do is we're gonna end Trump's tax cuts."
  5. April 29, 2019: "The first step is reverse President Trump's tax cuts for the very wealthy and corporations."
  6. April 30, 2019: "The first step is reversing the tax cuts."

  7. June 7, 2019: Kamala Harris said, “On day one, we’re going to repeal that tax bill that benefited the top 1% and the biggest corporations in our country."

  8. June 13, 2019, Joe Biden said, “And look, the tax cut he passed, for multimillionaires and billionaires, guess what, when I’m president it’s gone, it’s gone."
  9. June 17, 2019: Joe Biden said, “First thing I would do as president is eliminate the president’s tax cut."
  10. June 22, 2019: Joe Biden said, "And folks, on day one, I will move to eliminate Trump's tax cuts."

The candidate'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.”

All congressional districts in America even received a tax cut as a result of the TCJA, according to a recent Tax Foundation report.

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.

See more:

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

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Posted by Adam Sabes on Tuesday, June 25th, 2019, 10:57 AM PERMALINK

Democrat senator and presidential candidate Kamala Harris said "When I enter the oval office," she would repeal the Tax Cuts and Jobs Act. Harris made the statement via tweet on Monday night.

Harris wrote:

"Trump said he was going to protect workers, that he was going to support them, and lift them up. Instead, he passed a tax bill that benefitted the top 1% and the biggest corporations in our country. When I enter the Oval Office, I will repeal the Trump trillion- dollar tax scam."

This is at least the fourth time that Harris has called for a repeal of the TCJA.

On Twitter, Americans were eager to call her out, saying that the TCJA helped them.

"I’m nowhere near the 1% and the tax bill has benefitted me well, No complaints from me. Proof you’re only pandering the Same crap that have been spewed for years. I’ll be honest, it’s this type of talk that made me switch parties about 20 years ago. I love my job, benefits etc," said one person on Twitter.

Another Twitter user said "I’m a dad of 8. I don’t make six figures. The tax cuts helped me this year. Why would you want to do that to us?"

Harris continues to mislead audiences about the GOP tax cuts, which benefited every income group in every congressional district

Harris is guilty of what the New York Times has described as “a sustained – and misleading – effort by liberal opponents of the law to brand it as a middle-class tax increase.”

Photo Credit: DAEWOO KANG


Biden: "On Day One, I Will Move to Eliminate Trump's Tax Cuts."


Posted by Adam Sabes on Sunday, June 23rd, 2019, 2:04 PM PERMALINK

2020 Democratic presidential candidate Joe Biden said he would "move to eliminate" the Tax Cuts and Jobs Act on his first day in office if elected.

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

[Click here for video]

This is at least the eighth time that Biden has threatened to repeal the TCJA.

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.
     

In South Carolina, where Joe Biden spoke, households with the median income of $50,570 received an average tax cut of around $1,341 according to a recent Tax Foundation report.

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 South Carolina -- where he made his most recent threat to repeal the TCJA -- residents received a 23.2% 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:

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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