John Kartch

Five Tax Takeaways from the Debate

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Posted by John Kartch, Laurens ten Cate on Thursday, October 20th, 2016, 10:46 AM PERMALINK

Five key tax points to consider from last night’s debate:

Hillary is open to a payroll tax on ALL Americans of any income level: Hillary mentioned her support for lifting the payroll tax cap. And back in January at an Iowa forum Hillary said she would sign a payroll tax hike on all Americans of all income levels. She said so in a high-profile venue but the press has not focused on it. Here’s the key video excerpt:

Moderator: “Democrats have introduced a plan [Family Act] that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”

Hillary Clinton: “No. No.”

The payroll tax increase she green-lighted would hit all wages under $118,500. And last night, she green-lighted a payroll tax increase on those making above $118,500. Nobody at any income level is safe from her payroll tax desires.

Hillary has already admitted she would violate her $250,000 tax pledge: Hillary said: “I have said repeatedly throughout this campaign: I will not raise taxes on anyone making $250,000 or less.Americans for Tax Reform has debunked this claim multiple times already. Her own words (see payroll tax item above) and actions run contrary to her oft-repeated pledge. She has also endorsed a steep soda tax, which Bernie Sanders called her out on, saying: "Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge.”

Clinton has also refused to support repeal of the seven tax hikes in Obamacare that directly hit Americans making less than $250,000.

Hillary’s gun taxes are a threat to the Second Amendment: During the discussion on the Supreme Court, Hillary slammed the Second Amendment community. Her hostility runs deep. She is on video strongly endorsing a 25% national gun tax and also endorsed a doubling of the existing federal excise tax on guns in 1993. These taxes are a direct threat to the Second Amendment. Anti-gun Democrats continue the push to impose gun taxes after doing so recently in Seattle and Illinois.

Hillary has no tax reform plan: There is overwhelming consensus among Republicans and Democrats agree that the tax code is way too complicated and that tax reform is required to simplify the IRS tax code. Hillary is an outlier. She has not offered a comprehensive tax reform plan and never speaks about the need for structural tax reform. The only thing she offers is tax hikes, and lots of them.

Hillary continues her dishonesty about the progressive nature of the tax code: Once again during the debate Hillary Clinton mentioned that she wants to: “have the wealthy pay their fair share.” She is once again being dishonest about the current tax structure in the United States of America. The tax code in the US is already steeply progressive. According to recent data from the CBO, the top 20 percent of households pay 88% of federal income taxes and 69% of total federal taxes.

Hillary Clinton continues her disingenuous comments about her tax plan and America’s tax plan. She will raise taxes on all Americans. Tax Policy Center recently released a report admitting that Clinton’s tax plan offers no income tax rate reduction for any American of any income level. No rate reduction for any business or any individual, regardless of size.

Clinton’s overall tax plan raises taxes by $1.4 trillion. Americans for Tax Reform is tracking all of Clinton’s tax hikes at www.HighTaxHillary.com

Photo Credit: Marc Nozell, http://bit.ly/2e4oFkt

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Flashback: Hillary Said She Would Violate Her $250,000 Tax Pledge

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Posted by John Kartch on Wednesday, October 19th, 2016, 9:38 PM PERMALINK

Tonight Hillary Clinton tried to claim she won't raise any tax on any American making less than $250,000. But Hillary’s own statements indicate she will break this promise:

Payroll tax hike -- When asked if she would break her pledge by signing a payroll tax increase on all Americans if such legislation reached her desk, Clinton confirmed she would break the pledge. These remarks took place in Iowa at a major forum on Jan. 12, 2016. Here’s the key video excerpt:

Moderator: “Democrats have introduced a plan [Family Act] that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”

Hillary Clinton: “No. No.”

The payroll tax increase she green-lighted would hit all wages under $118,500.

Yes, you read that correctly. The legislation the moderator referred to is the Family Act, which raises taxes on all wages under $118,500.

Soda tax hike -- Hillary endorsed a steep soda pop tax in Philadelphia. This will cost soda purchasers an extra $2.16 per 12-pack. Bernie Sanders called out Hillary’s violation of her middle class tax pledge. Sanders said:

"Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge.”

Sanders also said:

“The mechanism here is fairly regressive. And that is, it will be increasing taxes on low-income and working people.”

Obamacare taxes: Clinton has endorsed Obamacare, which has at least seven direct tax hikes on Americans making less than $250,000: the Obamacare individual mandate tax, two tax hikes on flexible spending accounts, two tax hikes on health savings accounts, an income tax increase on Americans facing high medical bills in a given year, and a 10 percent indoor tanning tax which has wiped out thousands of small businesses (mostly owned by women) since its imposition in 2010.

Just a “goal” -- When asked by George Stephanopoulos in December 2015 if her tax pledge was “a rock solid read-my-lips promise” she did not reply with a “yes.”

Instead she replied that it was merely her “goal.” Here’s the exchange:

George Stephanopoulos: “You are also saying no tax increases at all on anyone earning $250,000. Is that a rock solid read-my-lips promise?”

Clinton: “Well, it certainly is my goal. And I’ve laid it out in this campaign. And it’s something that President Obama promised. It’s something my husband certainly tried to achieve. Because I want Americans to know that I get it.”

If she is serious about keeping the promise, the only acceptable answer to Stephanopoulos’ question is “Yes.” Instead she tipped her tax hike hand.

Also note Hillary’s reference to Bill Clinton’s and Barack Obama’s middle class tax pledges: both men broke their pledge upon taking office.

Photo Credit: brwn_yd_grl, http://bit.ly/2dAW0nA

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Leaked Emails Show Team Hillary Worried About Her 25% Gun Tax Endorsement

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Posted by John Kartch on Thursday, October 13th, 2016, 2:08 PM PERMALINK

On Sept. 8, 2015, Americans for Tax Reform published documentation of Hillary Clinton’s 1993 endorsement of a new national 25% retail sales tax on guns. “I am all for that,” said Clinton of the tax as she testified before the Senate Finance Committee. 

As the story picked up steam in conservative media outlets, the Clinton campaign team began to worry.

On Oct. 4, 2015, Clinton advisor Mandy Grunwald emailed the team saying, “I also saw something about her supporting a 25% tax on gun sales back in 1993. I didn’t see q and a on either of these in the briefing.”

Later that day, campaign communications director Jennifer Palmieri replied: “Being added today.”

It is unclear if the campaign team ever came up with talking points in an attempt to justify Clinton’s gun tax endorsement. The email thread either ended at that point, or any response has yet to be released by Wikileaks.

In the primary election, Clinton aggressively positioned herself to the left of Bernie Sanders on guns, and attacked Sanders relentlessly for his 1990s gun votes.

Hillary’s endorsement of the gun tax was reported at the time by the Associated Press, the Washington Post, NBC Nightly News and several other outlets.

As reported by the AP on Oct. 1, 1993:

Sen. Bill Bradley, D-N.J., picked up Mrs. Clinton's support for his idea of slapping stiff taxes on ''purveyors of violence:'' a 25 percent sales tax on guns and $2,500 license fees for gun dealers.

''Speaking personally ... I'm all for that,'' said the first lady. But she stressed she was just speaking for herself.

''Well, let me say that there is no more important personal endorsement in the country today, and I thank you very much,'' said a pleased-as-punch Bradley.

And the Washington Post on Oct. 1, 1993:

"I'm all for it," she declared in a response to a suggestion by Sen. Bill Bradley (D-N.J.) that the Congress should impose a 25 percent sales tax on handguns to "tax directly the purveyors of violence."

The Sept. 30, 1993, NBC Nightly News reported the incident as follows:

“Others urge a hefty sales tax on guns, and much higher fees for gun dealers. Today, they got a powerful ally.

Ms. HILLARY CLINTON: I'm all for that. I just don't know what else we're going to do to try to figure out how to get some handle on this violence.”

The Bill Clinton White House made it clear that Hillary's 25 percent gun tax endorsement was hers and hers alone, as shown by the Oct. 1, 1993 White House press briefing transcript:

Q: "Do you know if the President supports the First Lady's endorsement of an idea yesterday by Senator Bradley that there be a 25 percent tax on the sale of guns in America?"

WH Press Secretary Dee Dee Myers: "Well, as you know, she was expressing her opinion."

On April 14, 2016, ATR released previously unseen video footage from a non-C-SPAN camera showing Hillary’s visceral facial expression during the moments she endorsed the gun tax and as gun owners and dealers were described as “purveyors of violence.”

On June 5, 2016, during an interview on ABC’s This Week hosted by George Stephanopoulos, Clinton had the video footage played to her and was given the opportunity to renounce her gun tax endorsement. She refused to do so. In fact, Clinton has never renounced the tax, and her aggressive anti-gun, anti-Second Amendment statements do nothing to indicate she’s changed her mind.

On Sept. 20, 2016, ATR noted yet another Clinton gun tax endorsement from 1993: a doubling of the existing federal excise tax on guns. In a closed-door meeting, she told the anti-gun Rep. Mel Reynolds (D-Ill.) that his bill to double the tax was a “great idea."

Clinton’s deeply held belief in higher taxes on the American people is documented at ATR’s dedicated website, www.HighTaxHillary.com

Photo Credit: UN Geneva, http://bit.ly/2ewkvUQ

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Hillary’s Tax Plan Will Kill 697,000 Jobs

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Posted by John Kartch on Wednesday, October 12th, 2016, 4:32 PM PERMALINK

Tax Foundation report finds Clinton’s tax hike plan also reduces GDP by 2.6 percent and wages by 2.1 percent

Hillary Clinton’s tax hike plan will lead to 697,000 fewer jobs according to a new analysis by the Tax Foundation released today. The Clinton plan will also reduce GDP by 2.6 percent and wages by 2.1 percent.

The Tax Foundation report states:

The plan would increase marginal tax rates on individuals and businesses, which would lead to a 2.6 percent lower level of GDP. The smaller long-run economy would also lead to lower levels of wages and full-time equivalent jobs.

The report notes the Clinton plan will cause “reduced incentives to work, save, and invest”:

These projections are what we estimate would happen at the end of a ten-year period and are compared to the underlying baseline of what would occur absent any policy change. For example, the U.S. real GDP will grow by 19.2% from 2016-2025, according to the Congressional Budget Office (CBO), if policy remains unchanged. We predict that the reduced incentives to work, save, and invest would reduce the end-of-period GDP by 2.6 percent below the level it would have been without the policy change.

The report, authored by Director of Federal Projects Kyle Pomerleau, also found that Clinton’s proposal for a crushing 65% Death Tax will “greatly reduce the incentive to save and invest.”

In contrast, the Trump tax cut plan creates between 1.8 and 2.2 million new jobs, increases GDP by between 6.9 percent and 8.2 percent, and increases wages by between 5.4 percent and 6.3 percent.

Clinton offers no income tax rate reduction for any individual or business. None. She also has refused to support serious structural reform of the U.S. tax code.

Clinton has endorsed and voted for a long list of tax increases during her career. Americans for Tax Reform is tracking Hillary’s tax hike record at a dedicated website, www.HighTaxHillary.com

Photo Credit: Sheila in Moonducks, http://bit.ly/2e27oah

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Tax Policy Center: Trump Plan Gives Americans of All Income Levels Bigger Tax Cuts Than Hillary

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Posted by Alexander Hendrie, John Kartch on Tuesday, October 11th, 2016, 3:49 PM PERMALINK

Left of center group’s own numbers show after-tax income under Trump plan is higher than Clinton’s plan for all income levels

Donald Trump’s tax plan would increase after tax income more than the Hillary Clinton plan regardless of income, according to data published by the left-of-center Tax Policy Center.

As noted in the graphic compiled by the Wall Street Journal, the middle quintile of income earners would see a 1.8 percent increase in after tax-income under the Trump plan but would receive just 0.2 percent increase in after-tax income under the Clinton plan. The Trump tax cut in this income range is nine times the size of Clinton’s.

Clinton’s tax plan offers no income tax rate reduction for any American of any income level. No rate reduction for any business or any individual, regardless of size.

Clinton’s overall tax plan raises taxes by $1.4 trillion. Americans for Tax Reform is tracking all of Clinton’s tax hikes at www.HighTaxHillary.com

Photo Credit: brwn_yd_grl, http://bit.ly/2dIWG9Z

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Hillary’s Soda Tax Approach Pushed by U.N.

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Posted by John Kartch on Tuesday, October 11th, 2016, 1:20 PM PERMALINK

U.N. report urges governments to impose excise taxes “aimed at raising the retail price by 20% or more” – in line with Hillary’s soda tax endorsement

Today the United Nations released a report urging governments to impose excise taxes on citizens who purchase soda, “aimed at raising the retail price by 20% or more.” The U.N. is taking the same approach as Hillary Clinton, who endorsed a steep soda tax while campaigning in Philadelphia on April 20, 2016.

Clinton said she was “very supportive” of the tax, which will raise the retail price of a 12-pack of soda pop by $2.16. The tax-induced price hike on a consumer buying a 12-pack is well over 20 percent. Clinton’s position is compliant with the U.N.’s aggressive global campaign to impose higher taxes on citizens.

As pointed out by Bernie Sanders, the Clinton soda tax endorsement came in violation of her oft-repeated promise not to support any tax on any American making less than $250,000.

Sanders called out Hillary’s violation of her middle class tax pledge:

"Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge.”

Sanders also said:

“The mechanism here is fairly regressive. And that is, it will be increasing taxes on low-income and working people.”

The U.N. report uses the term “tax” 312 times.

“When Hillary Clinton endorsed the soda tax it was news because she exposed her promise to never ever tax anyone who earned less than $250,000 as a lie,” said Grover Norquist, president of Americans for Tax Reform.

“Now Hillary’s tax on middle income Americans is being embraced by the United Nations. If she’s elected, the U.N. will have a willing soda-tax-hike partner in Hillary Clinton.”

ATR is tracking all of Hillary’s tax hike proposals at www.HighTaxHillary.com

Photo Credit: Isriya Paireepairit, http://bit.ly/2dGUqBi

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Hillary Debunks Her Own $250,000 Tax Pledge

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Posted by John Kartch on Monday, October 10th, 2016, 3:47 PM PERMALINK

During the second presidential debate, Hillary Clinton said:

“I have said nobody who makes less than $250,000 a year — and that’s the vast majority of Americans as you know — will have their taxes raised.”

If a candidate for President promises not to raise taxes on middle income Americans, that means the candidate must veto a tax increase should it reach the Oval Office desk, if elected. But Hillary’s own statements indicate she will break this promise:

Payroll tax hike -- When asked if she would break her pledge by signing a payroll tax increase on all Americans if such legislation reached her desk, Clinton confirmed she would break the pledge. These remarks took place in Iowa at a major forum on Jan. 12, 2016. Here’s the key video excerpt:

Moderator: “Democrats have introduced a plan [Family Act] that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”

Hillary Clinton: “No. No.”

The payroll tax increase she green-lighted would hit all wages under $118,500.

Yes, you read that correctly. The legislation the moderator referred to is the Family Act, which raises taxes on all wages under $118,500.

Soda tax hike -- Hillary endorsed a steep soda pop tax in Philadelphia. This will cost soda purchasers an extra $2.16 per 12-pack. Bernie Sanders called out Hillary’s violation of her middle class tax pledge. Sanders said:

"Frankly, I am very surprised that Secretary Clinton would support this regressive tax after pledging not to raise taxes on anyone making less than $250,000. This proposal clearly violates her pledge.”

Sanders also said:

“The mechanism here is fairly regressive. And that is, it will be increasing taxes on low-income and working people.”

Obamacare taxes: Clinton has endorsed Obamacare, which has at least seven direct tax hikes on Americans making less than $250,000: the Obamacare individual mandate tax, two tax hikes on flexible spending accounts, two tax hikes on health savings accounts, an income tax increase on Americans facing high medical bills in a given year, and a 10 percent indoor tanning tax which has wiped out thousands of small businesses (mostly owned by women) since its imposition in 2010.

Just a “goal” -- When asked by George Stephanopoulos in December 2015 if her tax pledge was “a rock solid read-my-lips promise” she did not reply with a “yes.”

Instead she replied that it was merely her “goal.” Here’s the exchange:

George Stephanopoulos: “You are also saying no tax increases at all on anyone earning $250,000. Is that a rock solid read-my-lips promise?”

Clinton: “Well, it certainly is my goal. And I’ve laid it out in this campaign. And it’s something that President Obama promised. It’s something my husband certainly tried to achieve. Because I want Americans to know that I get it.”

If she is serious about keeping the promise, the only acceptable answer to Stephanopoulos’ question is “Yes.” Instead she tipped her tax hike hand.

Also note Hillary’s reference to Bill Clinton’s and Barack Obama’s middle class tax pledges: both men broke their pledge upon taking office.

Photo Credit: UN Geneva, http://bit.ly/2e4kzbd

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Dear Hillary: The Tax Code is Already Steeply Progressive

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Posted by John Kartch on Thursday, October 6th, 2016, 2:05 PM PERMALINK

As she crusades for more tax increases, Hillary Clinton conveniently fails to mention how steeply progressive the tax code is right now. According to recent data from CBO:

-The top one percent of households pay 38.3% of federal income taxes and 25.4% of total federal taxes.

- The top 20 percent of households pay 88% of federal income taxes and 69% of total federal taxes.

- The top one percent of households pay an average income tax rate of 23.6% while the middle quintile pays an average income tax rate of 2.6%.

- The top one percent of households pay an average total tax rate of 34% while the middle quintile pays an average total tax rate of over 12.8%.  

- The top 20 percent of households pay an average total tax rate of 26.3 percent while the middle quintile pays an average total tax rate of 12.8%.

The data is shown below:

 

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Kaine Doesn’t Deny Hillary Wants $1 Trillion Tax Hike

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Posted by Laurens ten Cate, John Kartch on Wednesday, October 5th, 2016, 4:00 PM PERMALINK

Five times last night Mike Pence called out Tim Kaine for Hillary Clinton’s $1 trillion tax hike plan.

Five times, Kaine didn’t deny it. Let’s review:

1. “Hillary Clinton and Tim Kaine want more of the same. It really is remarkable that they actually are advocating a trillion dollars in tax increases, which I get that. You tried to raise taxes here in Virginia and were unsuccessful.”

2. “But a trillion dollars in tax increases, more regulation, more of the same war on coal, and more of Obamacare that now even former President Bill Clinton calls Obamacare a crazy plan.”

3. “Look, what -- what you all just heard out there is more taxes, $2 trillion in more spending, more deficits, more debt, more government.”

4. “The only issue on taxes -- Hillary Clinton is going to raise taxes, and Donald Trump and I are going to cut them."

5. “They’re going to raise your taxes. We're going to cut your taxes." 

Kaine didn’t deny a single statement on taxes made by Pence. Not once did he tell the American public that his intention wasn’t exactly what everyone already knew it was: a massive tax hike on the American people.

Kaine even doubled down on Hillary’s endorsement of a payroll tax increase.

Americans for Tax Reform is tracking all Clinton-Kaine tax hike proposals at HighTaxHillary.com

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Ready for the Clinton-Kaine Payroll Tax Hike?

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Posted by John Kartch on Tuesday, October 4th, 2016, 10:17 PM PERMALINK

Clinton-Kaine poised to raise payroll tax on all Americans if elected

The Hillary Clinton-Tim Kaine ticket has doubled down on a payroll tax hike. Kaine endorsed a payroll tax increase during Tuesday’s debate. He said:

“We have to keep it [Social Security] solvent and will keep it solvent. We will look for strategies like adjusting the payroll tax cap upward in order to do that.”

And:

“We are going to stand up against that push to privatize social security and look for ways to keep it solvent going forward, focusing on the payroll tax.

Hillary Clinton has also given a thumbs up to a payroll tax hike, though it is rarely mentioned in the media. Her remarks took place in Iowa at a major forum on Jan. 12, 2016:

Moderator: “Democrats have introduced a plan that Senator Sanders supports that you’ve come out against because it is funded by a payroll tax. If that were to reach your desk as President, would you veto it in order to make good on your tax pledge?”

Hillary Clinton: “No. No.”

Here is the video clip of the above exchange. The payroll tax increase she green-lighted would hit all wages under $118,500.

So Clinton said she would not veto a payroll tax increase on all Americans should such a bill reach her desk. Didn’t Hillary promise not to sign any tax increase on any American earning less than $250,000? Yes, she did, but she admitted she will break that pledge.

Clinton was against a payroll tax hike before she was for it. In 2008 she criticized her then-opponent Barack Obama for endorsing a payroll tax hike. Here she is on April 16, 2008 during a debate hosted by ABC News:

“I'm certainly against one of Senator Obama's ideas, which is to lift the cap on the payroll tax, because that would impose additional taxes on people who are educators here in the Philadelphia area, or in the suburbs, police officers, firefighters and the like.”

Taxpayers of all income levels should consider themselves warned: If given the chance, a Clinton White House would raise payroll taxes in a heartbeat.

For more information about Clinton-Kaine tax increase plans, visit ATR's dedicated website, HighTaxHillary.com 

 

 

 

Photo Credit: ABC NEWS,http://bit.ly/2drxE2n

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