Debate Tonight: What the 2020 Dems Won't Tell You About How Trump Tax Cuts are Helping Iowa

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Posted by Isabelle Morales on Tuesday, January 14th, 2020, 12:00 PM PERMALINK

Tonight in Des Moines, the Democratic candidates will trash the Trump tax cuts. However, listed below are examples of how the tax cuts are helping Iowa households and businesses: 

Doubled child tax credit: 243,620 Iowa households are benefiting from the TCJA’s doubling of the child tax credit. The Trump tax cuts doubled the child tax credit from $1,000 per child to $2,000 per child.

Standard deduction: 1,008,940 Iowa households are benefiting from the TCJA’s doubling of the standard deduction. The Trump tax cuts doubled the standard deduction from $6,000 to $12,000 for individuals, and from $12,000 to $24,000 for married couples. Thanks to the Trump tax cuts, nine out of ten households now take the standard deduction which reduces their tax burden and simplifies the tax filing process.

Obamacare individual mandate tax relief: 38,430 Iowa households are benefiting from the TCJA’s elimination of the Obamacare individual mandate tax. Most households hit with this tax made less than $50,000 per year.

Tax cut: Every income group in every Iowa congressional district saw a tax cut.

Lower utility bills: As a direct result of the TCJA’s corporate rate cut, Iowa residents are paying lower utility bills. Lower electric, water, and gas bills help households each month, and also help small businesses operating on slim profit margins. Iowa examples of utilities passing on tax savings to customers include – but are not limited to Global Water Services, Iowa American Water Co., and MidAmerican Energy Company.

Thanks to the TCJA’s corporate tax rate cut – from 35 percent to 21 percent – and the TCJA’s 20 percent tax cut for small businesses, employers of all sizes are hiring, expanding, increasing pay and benefits, and paying special tax-cut bonuses:

Geetings, Inc. (Pella, Iowa) -- Was able to purchase new semitrailers and give employees raises because of the Tax Cuts and Jobs Act.

When small business owners anticipated how much they would save in taxes under the federal Tax Cuts and Jobs Act, many reinvested those savings in their businesses and their employees. 

Lana Pol, who owns several small businesses including Geetings, Inc., a transportation firm in Pella, says she gave employees raises and purchased six new semitrailers. -- June 3, 2019 Des Moines Register

Smokey Row Coffee Shops (Des Moines, Iowa) --  Because of the Tax Cuts and Jobs Act, the company is planning to open two new stores.  

When small business owners anticipated how much they would save in taxes under the federal Tax Cuts and Jobs Act, many reinvested those savings in their businesses and their employees.

...

Butch Hayes, of Smokey Row Coffee Shops, is planning to open two new stores. -- June 3, 2019 Des Moines Register

Anfinson Farm Store (Cushing, Iowa) -- $1,000 bonuses and 5% pay raises for employees:

Anfinson Farm Store, a family business in Cushing, Iowa (population 223), has awarded $1,000 bonuses and raised wages 5% for all full-time employees as a result of tax reform. The good news was delivered to employees in person just after Christmas.

In an interview with Americans for Tax Reform, store owner John Anfinson said tax reform will boost “money that will be available for the business overall and I want to use it in the right places.”

Anfinson has helmed the store for about 45 years. His grandfather started the business as a general store in 1918, so they will soon celebrate 100 years of operation. His customers chiefly grow corn, soybeans, and alfalfa.

“For us, we have a small number of employees. I work every day shoulder to shoulder with everyone,” said Anfinson. “When you work every day with a group of people, you know them and their family and you appreciate everything they do. I value them and the interest they take in our customers. They are the most valuable asset in any business.” Jan. 9, 2018 Americans for Tax Reform blog post

Mowbility Sales & Service (Pella, Iowa) – The owner said that she was able to save around $40,000 from the tax bill, which allowed her to give employees raises and purchase new semitrailers:

Lana Pol’s small businesses are enjoying big savings under the new tax law — at least for now.

The entrepreneur runs four small companies across Iowa, including Mowbility Sales & Service, which sells agricultural equipment, and Geetings Inc., a trucking and warehousing business. Pol said she saw a drop in her overall tax burden this year thanks to the qualified business deduction, a change made to the individual tax code, available for pass-through entities. Her savings look substantial.

“We’re estimating around up to $40,000,” Pol said. “By utilizing that, we gave our employees raises, knowing that was going to help us for taxes this year.”

Pol said she also utilized Section 179 expensing to write off a major purchase of new semitrailers — six in all, totaling $1 million. Taxes were often a top issue prior to reform, she said.  March 18, 2017, CNBC article.

Keg Creek Brewing (Glenwood, Iowa) - Expanding operations, purchasing new equipment:

“A small brewery in Glenwood, Iowa, in Mills County called Keg Creek is expanding their operations and investing in new equipment as they grow.” - June 11, 2018, Rep. David Young statement on U.S. House Floor

Mississippi River Distilling Co. (Le Claire, Iowa) – The owners of the distillery said that the Tax Cuts and Jobs Act helped create new jobs:

Both Quint and Ryan Burchett, co-owner of Mississippi River Distilling Co. in Le Claire, said the tax cut — formally called the Craft Beverage Modernization and Tax Reform Act — has helped their businesses add full- and part-time jobs. 

Cedar Ridge currently has 24 full-time and 28 part-time employees and, Quint said, now that he’s “optimistic” the liquor tax cut will be extended, he plans to make two new job offers over the next two weeks.

Burchett said Mississippi River Distilling had three full-time and five part-time employees in 2017, before Congress approved the liquor tax cut as part of the broader Tax Cuts and Jobs Act– Dec. 18, 2019, The Gazette article.

Dyersville Die Cast (Dyersville, Iowa) - $200 bonus for all eligible full-time employees; $50 monthly bonus for at least twelve months for all eligible full-time employees; $150,000 in total on bonuses:

“Dyersville Die Cast employees will be getting bonuses thanks to the recently passed tax reform bill.

Full-time employees who were with the company prior to Oct. 1, 2017 will receive a $200 bonus on March 9. But, that’s not all.

All full-time, hourly employees will also be receiving $50 monthly bonuses for at least the next 12 months.

In addition, employees will still receive their regular “profit bonus” in June, according to General Manager Bob Willets.

The big news is thanks to that fact that Dyersville Die Cast is slated to save approximately $200,000 thanks to the new tax law, and have decided to dole out $150,000 of that to its workers” – Feb. 21 2018, Dyersville Commercial article excerpt

Pattison Sand Company (Clayton, Iowa): $600 cash bonuses, base pay raised by $1.50-$2.50 per hour:

“Last fall, Congressman Rod Blum visited our mine in Clayton County. He met many of our people and saw for himself what we do every day. We told him about the high costs of over-taxation and over-regulation. He listened. He did his part, taking our message back to Washington. He fought for real tax reform that will bring our business taxes in line with other industrialized countries. More importantly it will mean more take home pay for our people. He is also working put more common sense into federal regulations. We did our part too. We gave every employee a $600 cash (in $2 bills) bonus and we raised base pay by $1.50-$2.50 an hour. And yes we are growing, adding staff and buying more equipment. We thought you should know.” – The Waterloo- Cedar Falls Courier

To see more Iowa examples, click here


How the Trump Tax Cuts Have Helped Wisconsin

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Posted by John Kartch on Tuesday, January 14th, 2020, 12:00 AM PERMALINK


Tonight President Trump is hosting a rally in Milwaukee. Wisconsin residents are raking in the benefits of the Tax Cuts and Jobs Act, signed into law by Trump:

Doubled child tax credit: 424,970 Wisconsin households are benefiting from the TCJA’s doubling of the child tax credit. The Trump tax cuts doubled the child tax credit from $1,000 per child to $2,000 per child.

Doubled standard deduction: 1,954,190 Wisconsin households are benefiting from the TCJA’s doubling of the standard deduction. The Trump tax cuts doubled the standard deduction from $6,000 to $12,000 for individuals, and from $12,000 to $24,000 for married couples. Thanks to the Trump tax cuts, nine out of ten households now take the standard deduction which reduces their tax burden and simplifies the tax filing process.

Obamacare individual mandate tax relief: Thanks to the Trump tax cuts 80,240 Wisconsin households are no longer stuck paying the Obamacare individual mandate tax. Most households hit with this up-to-$2,085 tax made less than $50,000 per year.

Tax cut: Every income group in every Wisconsin congressional district saw a tax cut.

Lower utility bills: As a direct result of the TCJA’s corporate rate cut, Wisconsin residents are paying lower utility bills. Lower electric, water, and gas bills help households each month, and also help small businesses operating on slim profit margins. Wisconsin examples of utilities passing on tax savings to customers include – but are not limited to Alliant Energy, We Energies, and Superior Water, Light & Power.

Thanks to the TCJA’s corporate tax rate cut – from 35 percent to 21 percent – and the TCJA’s 20 percent tax cut for small businesses, employers of all sizes are hiring, expanding, increasing pay and benefits, and paying special tax-cut bonuses:

MusicNotes (Madison, Wisconsin) – Salary increases for employees:

The new year brings a new salary increase for all 55 employees at Musicnotes, Inc., the worldwide leader in digital sheet music based in Madison, Wisconsin. Effective January 1st, the 3% salary increase is tied specifically to corporate tax reform and is in addition to Musicnotes' existing annual raises to eligible employees. 

"We're genuinely appreciative of our loyal and gifted team at Musicnotes and we are thrilled to share the benefit of lower corporate taxes with them," said Executive Chairman, Tim Reiland. "It's the right thing to do and it's also smart business."

After a strong 2017 sales performance, Musicnotes was named to the Internet Retailer Top 1000 list for the 13th straight year in 2017 and garners over half of the worldwide digital sheet music market, according to traffic statistics from SimilarWeb. The company has sold products to over six million customers since 1998.

"Musicnotes has paid a full corporate tax rate over the past several years," indicated Reiland. "Beyond the Jan 1 salary increases, we will accelerate hiring plans and also have increased flexibility regarding technology projects and investment opportunities in 2018 and beyond."– Jan. 8, 2018 MusicNotes press release

Trico (Pewaukee, Wisconsin) -- Employee bonuses, 401(k) expansions, hiring new employees:

For example, as a direct result of the tax cuts, full-time employees at the Pewaukee-based Trico Corporation will receive $650 bonuses and increased contributions into their 401(k) accounts. The company will also hire more full-time workers to fill new positions. - April 17, 2018, Rep. Jim Sensenbrenner article excerpt

Brian's Electric (Stratford, Wisconsin) – The Tax Cuts and Jobs Act allowed the company to increase wages:

Jacobs told Budget & Tax News he has passed the benefits of TCJA along to his employees,

“I gave out, when you add it all up, about $150 an hour worth of wage increases,” Jacobs said. “Depending on how they have their taxes taken out of their checks, the lowest was around $14 a week in net take home pay, all the way up to $65 in net take home pay.” – Sept. 12, 2018, Heartland Institute article.

Koehler Flooring, Inc. (Green Bay, Wisconsin) – This family carpet and flooring company gave $1,000 bonuses to seven full-time employees:

“The tax reform bill is a huge win for the USA and will have positive effects on our floor covering business. Our customers have more capital to use for expansion and remodeling which is great news for all construction trades. There is more work to be done on the tax code but it's nice to see this recent reversal on punishing success. My crew was very happy to receive their tax reform good news.” -- David Koehler, President.

Sprecher Brewing Company (Milwaukee, Wisconsin) – The brewery used savings from the Tax Cuts and Jobs Act to reinvest in the company and create new jobs:

"Other breweries in this area are certainly doing the same thing with the savings they get as we are here," said Jeff Hamilton, president ofSprecher Brewing Company. "This act gave a bit of a tax break to all alcohol producers."

Right now, the team at Sprecher said the money saved from the tax breaks goes back into the business.

"Gives us additional funds that can be reinvested back into the company," Hamilton said. "Back into creating additional products, which on top of that creates new jobs." – Oct. 9, 2019, Fox 9 article.

Associated Bank (Green Bay, Wisconsin) – $500 employee bonuses (exact number receiving bonus unknown at this time); base wage will rise from $10 to $15 per hour:

Associated Bank today announced plans to raise its minimum hourly wage from $10 to $15 per hour and to distribute a one-time bonus of $500 for all hourly, non-commissioned employees once tax reform legislation is signed into law.

The pay increase and one-time bonus are expected to be distributed during the first pay cycle of 2018. This combined investment in the company's workforce will positively impact 55% of its employees.

"Every day our customers share stories of our colleagues delivering a positive customer experience," said Associated Bank President and CEO, Philip B. Flynn. "Our ability to recognize their work in this way is something we are proud to do."

Flynn said the new tax legislation, particularly the reduction in business tax rates, allowed the company to share some of the benefits with its employees. It also helps position the company to further enhance the customer experience and its community investments in the future. -- Dec. 21, 2017 Associated Bank press release

Central Standard Distillery (Milwaukee, Wisconsin) – The Tax Cuts and Jobs Act allowed the distillery to hire four new employees, invest in a new facility, and ordered a new bottling line:

Central Standard Distillery co-owner Evan Hughes said his business was able to grow faster than it normally would because of the act. He attributes four key growth areas to the success of the act, including: Central Standard hired four new employees, bringing staff totals to 22 people. The company invested in a 15,000-square-foot facility on Clybourn Street. In addition, Central Standard ordered a new bottling line for improved efficiency and offered health care to all of its employees.

"It gave us the courage to expand our business quicker than we normally would," Hughes said. – Dec. 10, 2019, Milwaukee Business Journal.

Click here to see more Wisconsin examples.


Elizabeth Warren's Anti-Vaping Extremism Ignores Benefit of Vaping for Adult Smokers

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Posted by Paul Blair on Monday, January 13th, 2020, 7:53 PM PERMALINK

Elizabeth Warren, responding to a voter question about vaping during a town hall on Sunday in Marshalltown, Iowa, agreed that she is perhaps the harshest candidate when it comes to the existence of the vapor industry, and signaled that she would crack down on legal nicotine vaping if elected.

Here’s the key exchange:

Voter: “Of all the 2020 candidates running for the Democratic nomination, you have come out with some of the harshest proposals to regulate the vapor industry.”

Warren: [Nodding] “Mhm.”

Voter: “If your proposals were enacted, it would shut down thousands of small businesses and eliminate over 95% of the products on the market today. What message do you have for adults like myself who rely on these products to live a smoke free life and are concerned that a vote for you would be a vote that would send me back to smoking and eventually my death?”

Warren: “Okay. So let me say the same thing I said earlier when we're talking about climate. I believe in science. I believe that the decisions we should be making about our health should not be decisions that are influenced by an industry. They should not be decisions, decisions that are influenced by lobbyists. I just want to do what's right here. And I want to protect our Food and Drug Administration to be able to do that. I read the argument and seen some of the data that suggests there are uses for vaping that may be safe and healthy. I, I haven't read all of the data on it. But like I said, I believe in science, I have also seen the risks that vaping poses to young people and to non smokers who are pulled in and what that means for their lives. So I just I want a rule that is based in science. I want a rule that is based in the best interests of the health of the people of the United States of America.”

It's not clear what "rule" Senator Warren is referencing, given the fact that the "Deeming Rule" which retroactively began to regulate the vaping industry was finalized in 2016 and subsequent decisions by the FDA have been issued via industry guidance that further limits the availability of these products, even for adults. Refusing to acknowledge the settled conclusion that vaping is a net benefit to adult smokers and posturing to suggest that further rules may be necessary indicate her lack of serious consideration of the subject. In fact, she recently joined other Senate Democrats in urging the Trump administration to ban all flavored nicotine vaoir products, product that are overwhelmingly used by millions of adults to transition away from cigarettes. Sen. Warren opposes anything that does not look like full scale prohibition. 

Last week Joe Biden suggested that he would “eliminate” vaping if elected.

I don't care what it does to a small business person who's selling this stuff. If it is damaging lungs, if it's causing the kind of damage that is said and that studies not been fully done yet. If it turns out that it is that I would eliminate it,” Biden said.


Lawsuits Continue to Pile Up Against California Nanny State Law

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Posted by Henry Rademacher on Friday, January 10th, 2020, 5:31 PM PERMALINK

It has been a rough start for California Assembly Bill 5 (AB5). Although it has only been in effect since January 1, the controversial law has already been the subject of several lawsuits, as well as two court rulings unfavorable to the bill and its advocates.

In December, a lawsuit was filed by the American Society of Journalists and Authors (ASJA) in conjunction with the National Press Photographers Association (NPPA). They argue that AB5 is unconstitutional under the First and Fourteenth Amendment, meaning that the law fundamentally mishandles issues of free speech and equal protection under the law.

Uber and Postmates filed another legal challenge a few days later. They argue that “AB5 violates several constitutional rights including the equal protection and due process clauses of the Fourteenth Amendment, the Ninth Amendment, and the contracts clause of Article I.”

The California Trucking Association (CTA), which filed its lawsuit back in November, had yet another point of contention with AB5, arguing that it “violates the U.S. Constitution’s Supremacy Clause, which makes federal law the supreme law of the land. As the complaint explains, AB5 violates federal prohibitions on state laws.” Essentially, the CTA argued that specific provisions of AB5 are preempted by the Federal Aviation Administration Authorization Act of 1994.

The Harbor Trucking Association is also a plaintiff in the suit filed by the CTA.

In response to the CTA’s suit, on December 31, U.S. District Judge Roger Benitez issued a temporary restraining order preventing AB5 from being enforced “against any motor carrier in California, pending a final resolution of the lawsuit brought by the CTA.” A hearing on Judge Benitez’s ruling is scheduled for January 13.

Some media reports, including the San Francisco Chronicle, have portrayed this injunction as a minor bump in the road for AB5 and something likely to be overturned on appeal. However, the language used by Judge Benitez in his ruling indicates that the preemption argument has merit. In fact, Judge Benitez wrote, “the Court is persuaded by the likelihood of Plaintiffs’ success on the FAAAA preemption ground.”

Shortly after Judge Benitez issued the temporary restraining order, AB5 suffered another blow in court, this time at the state level. On Wednesday, January 8, Judge William F. Highberger of the Los Angeles Superior Court issued a ruling echoing the one issued by Judge Benitez. According to Judge Highberger, “an independent contractor/employee test required by the new state law, known as Assembly Bill 5, is preempted by the Federal Aviation Administration Authorization Act of 1994.”

So, where do we stand? After only being in effect for 10 days, AB5 has been the subject of multiple lawsuits, brought by a diverse array of plaintiffs. Court rulings at the state and federal level have indicated that the law is unconstitutional, while additional lawsuits are likely in the near future.

Photo Credit: Håkan Dahlström


Buttigieg Would Repeal the Entire Trump Tax Cut

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Posted by Adam Sabes on Friday, January 10th, 2020, 11:16 AM PERMALINK

Pete Buttigieg released his $1 trillion “infrastructure“ plan on Friday, which calls for the repeal of the entire Tax Cuts and Jobs Act. The Buttigieg plan also raises the capital gains tax and imposes a 65% Death Tax.

As reported by CNBC:

His campaign said the plan will be paid for by reforming the capital gains tax and repealing the 2017 GOP tax overhaul, reforms that had been previously disclosed. The campaign will also raise the estate tax, with a top rate of 65% for billionaires.

Buttigieg’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, higher than the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), and Ireland (12.5 percent). 
  • 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 Indiana, where Buttigieg is the mayor of South Bend, households who made the state average income of $55,476, received a tax cut of around $1,438.51, according to a recent Tax Foundation report.

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

If you want to stay up-to-date on their threats to raise taxes, visitwww.atr.org/HighTaxDems.

See more:

Warren Dodges Private Healthcare Question Three Times During Morning Joe Interview

Biden: “Get Rid of the Trump Tax Cut”

Pete Buttigieg: “We Gotta Roll Back the Trump Tax Cuts for Corporations”

Biden: “Anybody Who Can Throw Coal Into a Furnace Can Learn How To Program”

Warren Contradicts Herself on Medicare for All, Again

Mayor Pete’s “Carbon Tax and Dividend” Will Raise Taxes on Social Security Recipients

Booker Praises Opportunity Zones While Planning to Repeal TCJA Which Created Them

Buttigieg Praises Opportunity Zones, Vows to Eliminate TCJA Which Created the Zones in the First Place

Sanders: “Of Course” Medicare for All Will Cost You Something

Despite Steep Tax Hikes, Biden’s Numbers Don’t Add Up

Biden: Capital Gains Tax Rate “Could Go Higher” Than 40%

Biden on Medicare for All: “You’re Going to Have to Raise Taxes on the Middle Class”

Sanders Senior Adviser: “Yes, We Will Repeal the Trump Tax Scam”

Bloomberg Endorsed a Carbon Tax

Biden to Sanders and Warren: “Let’s Get Realistic” on Trillion Dollar Spending Plans

Booker: I Would Raise the Capital Gains Tax Rate

List of Buttigieg Tax Hike Proposals

2020 Dems: Warren's Medicare for All Will Raise Middle Class Taxes

Fact Check: Mark Zandi Misleads Americans, Claims Warren’s Healthcare Plan Will Not Raise Middle Class Taxes

Warren: Medicare for All Covers Illegal Immigrants

Elizabeth Warren Contradicts Herself on Taxes, Again

Biden: Imagine if I Told Elizabeth Warren ‘You Should Be In a Socialist Primary’

CNN Catches Warren in a Tax Lie

Bernie Sanders: Warren’s Medicare for All Plan Would Have “Very Negative Impact” on Jobs and Wages

Warren Claims Americans Making Less Than One Billion Dollars Will “Not Pay a Penny More” in Taxes Under Her Medicare for All Plan

Warren’s “Medicare for All” Repeals Trump Tax Cuts

Biden: Warren is "Making it Up" on How She'll Pay for Medicare For All

Biden: “It’s Impossible to pay for Medicare for All without middle class tax increases”

Biden Slams Medicare for All: “It’s Totally Unrealistic and Can’t be Done”

Warren: Two Million Lost Jobs from Medicare for All “Part of the Cost Issue”

Video Showing Every Time Elizabeth Warren Has Dodged the Middle Class Tax Question

Out of touch Biden calls Trump’s $2,000 middle class tax cut “negligible”

Biden Calls for 28% Corporate Tax Rate

Biden: “Every Single Solitary Person” Will Pay 40% Capital Gains Tax

Warren Dodges the Middle Class Tax Question Again

Buttigieg Says He Will Raise Corporate Tax Rate to 35%

Watch: CNN Analyst Gets Visibly Irritated as Warren Dodges Tax Hike Question

Andrew Yang to Elizabeth Warren: Wealth Tax Would Have “Massive Implementation Problems”

Biden on Warren Dodging Middle Class Tax Question: “This is Ridiculous. Absolutely Ridiculous.”

Buttigieg Grills Warren for Dodging the Middle Class Tax Question

Biden: I Will Raise the Capital Gains Tax to 39.5%

Elizabeth Warren Can’t Stop Dodging the Middle Class Tax Question

VIDEO: 17 Times Elizabeth Warren Has Dodged the Middle Class Tax Question

VIDEO: Warren Keeps Dodging the Middle Class Tax Question

Biden: “I’m Gonna Double the Capital Gains Rate to 40%”

Tax Hike Bernie Says He’ll Tax All Income Over $29K 

Video: Warren Dodges Middle Class Tax Question Again

Biden Calls for Full Repeal of Trump Tax Cuts

Biden Attacks Warren: "She's Going to Raise People's Taxes”

Video: Media Fed Up with Elizabeth Warren Tax Dodge

Biden: End "Trump's Tax Cut for The Top Tenth of One Percent"

Booker: “My plan would reverse those toxic Trump tax cuts”

Stephen Colbert Calls Out Warren for Dodging Middle Class Tax Question

Video: Warren Dodges MSNBC’s Middle Class Tax Questions

Elizabeth Warren is Still Dodging the Middle Class Tax Question

Video: 2020 Democrats Promise Higher Taxes

Biden Caught Lying about GOP Tax Cuts

Bill De Blasio: “As President, I Would Issue a Robot Tax”

Biden Endorses Carbon Tax

Kamala Harris Calls for Ban on Plastic Straws

Elizabeth Warren's Climate Plan Calls For "Reversing" GOP Tax Cuts

Sanders: We’re Going to “Absolutely” Raise the Corporate Tax Rate

Elizabeth Warren on Corporate Tax Cuts: “I really want to see them rolled back.”

Bill de Blasio Calls for Corporate Tax Rate Hike

Amy Klobuchar: Raise the Corporate Tax Rate to 25%

Biden on capital gains tax: “We should raise the tax back to 39.6 percent”

Kamala Harris Threatens to Repeal GOP Tax Cuts 3 Times in August

Joe Biden: “I’m going to eliminate most all” of GOP Tax Cuts

Cory Booker Calls for Repeal of "Toxic" GOP Tax Cuts

Marianne Williamson Joins Dems Calling for TCJA Repeal

Kamala Admits Her Plan Would End Employer Insurance

“Medicare for All” is a Middle Class Tax Increase, Say Dems

Elizabeth Warren Can’t Dodge the Middle Class Tax Question Forever

Dem Socialized Healthcare Plan Will Lead to Middle Class Tax Hikes

Elizabeth Warren "Wealth Tax" was described by the WaPo editorial board as having "a certain authoritarian odor"

Supposed “Moderate” Democrat John Delaney Wants to Impose Carbon Tax on the American People

Klobuchar Suggests Capital Gains Tax Hike and “Doing Something” About TCJA

VIDEO: 2020 Democrats Will Raise Your Taxes

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

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

Biden and Harris: Raise the Corporate Tax Rate

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

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

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

Julian Castro Caught Lying about GOP Tax Cuts

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

Kamala Harris: I Will Repeal “That Tax Bill”

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

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

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

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

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

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

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

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

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

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

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

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

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

Joe Biden broke his middle class tax pledge

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

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

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

Photo Credit: Gage Skidmore/Flickr


Trump Economy Delivers Lowest Unemployment Rate in 50 Years

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Posted by Tom Hebert on Friday, January 10th, 2020, 6:50 AM PERMALINK

The Bureau of Labor Statistics’ December jobs report shows that President Trump’s economy has delivered the lowest unemployment rate in half a century at 3.5 percent. The U-6 rate, a measure encompassing underemployed workers and discouraged job-seekers, fell to an all-time low of 6.7 percent. 

The U.S. economy added 145,000 jobs in December, showing that the Trump economic agenda of tax cuts and regulatory relief is still working for American workers. Businesses have created over 7 million jobs since Trump was elected. 

In 34 of the past 37 months since Trump was elected, businesses have added more than 100,000 jobs a month. 734,000 construction jobs and 514,000 manufacturing jobs have been created since Trump was elected. 

Wages continued to climb in December. For production and non-supervisory workers, wages increased by 3 percent, continuing a 17-month trend. Wage growth for workers now outpaces wage growth for managers, and wage growth for those without a four-year college degree now outpaces wage growth for those with a four-year college degree. 

The labor force participation rate also held steady at 63.5 percent, and the total employment level rose to 158.8 million, a record-high. The underemployment rate, a measure encompassing undermployed Americans and discouraged job-seekers, fell to a record low of 6.7 percent. 

The stock market is also booming. When Trump was elected, the Dow Jones Industrial Average was at 18,000. The Dow has now hit 29,000 for the first time. 

The  solid December jobs numbers are continued evidence that the Republican Tax Cuts and Jobs Act is continuing to grow the economy two years after Trump signed it into law. 

Businesses have responded to the tax cuts by giving employees higher wages and creating new employee benefit programs, while utility companies are passing tax savings onto consumers in the form of lower rates.

Families are also seeing direct tax reduction – a family of four with annual income of $73,000 (median family income) will see a tax cut of more than $2,058, a 58 percent reduction in federal taxes. In net, households are paying an average of 24.9 percent in lower taxes according to a report released by H&R Block based on their clients’ tax returns. 

Tax cuts and deregulation championed by the Trump Administration are continuing to deliver a strong economy for all Americans.

Photo Credit: Gage Skidmore


President Trump Speeds Up Infrastructure Permitting with NEPA Reform

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Posted by Mike Palicz on Thursday, January 9th, 2020, 5:33 PM PERMALINK

The White House Council on Environmental Quality released a proposed rule this morning updating National Environmental Policy Act (NEPA) regulations. The proposed rulemaking would streamline outdated regulations that delay and block the development of critical infrastructure projects across the country as they await permitting.

Reaction from Grover Norquist, President of Americans for Tax Reform:

 “NEPA regulations slowed down infrastructure projects under the Obama administration, creating an average delay of four years for needless paperwork--contrary to CEQ's guidance under the Reagan administration limiting the permitting process to one year.

It should never take four years for the government to issue a permit to build a bridge. Crucial infrastructure projects should receive their environmental review in a timely manner and be based solely on the merits of the project. Today’s proposal from CEQ is a significant step forward.”

Key provisions of proposed rulemaking:

  • Establishing time limits for completion of environmental impact statements (EISs) to two years and completion of environmental assessments (EAs) to one year.
  • Allows applicants to assume a greater role in preparing EISs under agency supervision.
  • Requires a single record of decision (ROD) for EISs involving multiple agencies.
  • Provides new direction on whether NEPA applies to a project.
  • Provides a clarifying definition that a proposed project’s effects must be “reasonably foreseeable” and have a reasonably close relationship to the proposed action that is casual.

Photo Credit: The White House

More from Americans for Tax Reform


How the Trump Tax Cuts Have Helped Ohio

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Posted by Adam Sabes on Thursday, January 9th, 2020, 12:37 PM PERMALINK

Tonight President Trump is hosting a rally in Toledo. Ohio residents are raking in the benefits of the Tax Cuts and Jobs Act, signed into law by Trump:

Tax cut: Every income group in every Ohio congressional district saw a tax cut.

Doubled child tax credit: 830,770 Ohio households are benefiting from the Trump’s doubling of the child tax credit.

Doubled standard deduction: 4,130,020 Ohio households are benefiting from the Trump’s doubling of the standard deduction.

Obamacare individual mandate tax relief: 139,290 Ohio households are benefiting from the Trump’s elimination of the much-hated Obamacare individual mandate tax. Most households hit with this tax made less than $50,000 per year.

Lower utility bills: As a direct result of the TCJA’s corporate rate cut, Ohio residents are paying lower utility bills. Lower electric, water, and gas bills help households each month, and also help small businesses operating on slim profit margins. Ohio examples of utilities passing on tax savings to customers include – but are not limited to:

Dominion Energy Ohio 

Metropolitan Edison Company

Pennsylvania Electric Company 

Pennsylvania Power Company

Duke Energy Ohio, Inc

Columbia Gas

Ohio Edison

Thanks to the TCJA’s corporate tax rate cut – from 35 percent to 21 percent – and the TCJA’s 20 percent tax cut for small businesses, employers of all sizes are hiring, expanding, increasing pay and benefits, and paying special tax-cut bonuses:

Conger Construction Group (Lebanon, Ohio) – Because of the Tax Cuts and Jobs Act, the company was able to double the amount of employees, offer bigger bonuses, give more paid time off, and provide better healthcare benefits to workers.

“Justin Conger, owner and president of Conger Construction Group in Lebanon, Ohio, a C corporation, attributes the explosion of his business to the TCJA’s flat corporate tax rate of 21 percent, and he thinks his company’s success indicates the health of the overall economy.

“Construction is a lagging indicator of the economy,” he told members of the House Committee on Small Business on Wednesday. “If our clients or other businesses are not growing, expanding, or re-investing in their facilities, there is no need for commercial construction services. There is a lot of work to be completed before a project can start; from an owner obtaining financing, to architectural drawings being completed, to regulatory approval from local jurisdictions. Businesses all over Ohio are growing and expanding by utilizing the benefits of the TCJA and reinvesting additional generated capital into their businesses. In talking with past, future, and current clients, over 80 percent indicate the reason for their investment in construction services is due to the economy and current tax structure.”

“Conger said the number of employees at his company doubled in the last year and a half, and he’s been offering bigger bonuses, more paid time off and better healthcare benefits to workers because business has been so good. Conger said they’re also expanding office space due to the increased number of employees.”

“Those are real numbers and big numbers in Warren County and Lebanon, Ohio,” he said.July 25, 2019 Inside Sources article

Ariel Corporation (Mount Vernon, Ohio) – increase wages, expand business and increase employee benefits:

Karen Buchwald Wright, the Chairman, CEO and President of the Ariel Corporation, told the NAM that tax reform is helping the company improve the quality of life for their employees and the entire community of Mt. Vernon.

Ms. Wright told the NAM that the company is using tax reform the further wages and expand benefits for her employees:

Warped Wing Brewing Co. (Dayton, Ohio)  – The brewery plans to use savings from the tax cut to give raises to employees and buy new equipment:

“It’s a big deal for most of the breweries in Southwest Ohio,” said John Haggerty, co-owner of Warped Wing Brewing Co. in downtown Dayton.

Without the tax cut, beer brewers and most alcoholic-beverage producers would have been looking at a higher tax bill the second week in January. The tax cut also reduced the amount that distilleries paid on the first 100,000 proof gallons from $13.50 to $2.70 per gallon. A proof gallon is a gallon of spirits at 50 percent alcohol.

“We’ve been waiting for this. We planned for it to go up in our strategic budgeting for next year, but it’s hard because it affects decisions like giving raises to employees, buying new equipment, future bank loans and ultimately the price beer drinkers would have to pay. Dec. 30. 2019, Dayton Daily News article.

Rockwell Automation (Twinsburg, Ohio) -- Because of the Tax Cuts and Jobs Act, the company was able to raise wages, add new jobs, and buy new equipment.

“Manufacturing’s success hinges on having a highly skilled production workforce that supports the advanced technologies that are essential to modern manufacturing competitiveness, said Bruce Quinn, Rockwell Automation vice president of public affairs. No matter how much you automate, people remain your most important asset. We are confident that the impact of U.S. tax reform on our customers could strengthen our future performance. Corporate tax reform enables us to use excess cash to invest in organic growth and acquisitions.” -- August 13, 2019 NAM Shopfloor Blog

JSW USA (Mingo Junction, Ohio) -- Committed to $1 billion of new investment in the USA in addition to the hiring or re-skilling of 500 workers:

Today JSW USA CEO John Hritz and Ryan Brindley, an employee at their Mingo Junction, Ohio, state-of-the-art steel mill met with President Trump, Vice President Pence, Ivanka Trump, and other cabinet officials and governors at the White House to celebrate the one-year anniversary of the Pledge to American Workers. 

Hritz, who signed the Pledge in January committing to $1 billion of new investment in the United States and the hiring or re-skilling of 500 workers, visited with the President to show his support for the employees of JSW USA and to ensure Administration policies continue supporting a strong steel industry in America. -- July 25, 2019 Business Wire

Dynalab Inc. (Reynoldsburg, Ohio) – Because of the Tax Cuts and Jobs Act, the company was able to invest in new manufacturing equipment, employees received a bonus as well as a larger take home pay:

On a recent trip to Ohio, President Donald Trump proclaimed: “America is once again open for business.” Evidence for that statement? The Tax Cuts and Jobs Act of 2017.

As the president and chief executive officer of Dynalab Inc., a small-business manufacturer of electronic products in central Ohio, I can say that we already see many benefits provided by the corporate and personal tax-rate reductions of the 2017 act:

• Larger 2017 year-end bonuses and greater take-home pay for most of our associates.

• $2 million-plus in new manufacturing equipment.

Although final regulations have not been released, and more needs to be done to rein in the Internal Revenue Service, our country’s economy is benefiting. The growth in gross domestic product, jobs creation and the stock market tell the tale.

Gary James

Reynoldsburg March 22, 2018, Columbus Dispatch article.

BWX Technologies, Inc. (Ohio and Indiana) -- Hiring more than 170 new employees because of tax reform. The company is also investing $210 million in these states because of tax reform:

BWX Technologies, Inc., a supplier of nuclear components and fuel to the U.S. government, is hiring more than 170 new employees and further expanding its operations across three manufacturing facilities in Ohio and Indiana over the course of the next four years, investing approximately $210 million in these two states as a result of tax reform.

“Due to tax reform, we saw a favorable impact to our tax rate of about 8 to 10 percent,” said Rex Geveden, BWXT’s president and chief executive officer. “This has resulted in significant cash savings that we have used for various needs, including reinvestment of capital into our business and hiring additional employees for future growth.” -- July 22, 2019 National Association of Manufacturers Shop Floor Blog

RPM International (Medina, Ohio) - Investing in employee pension plans:

Frank Sullivan, chairman and CEO of Medina-based RPM International, said by putting $50 million as a result of the tax package into RPM's pension plan, the company is boosting its commitment to workers. "It's a reinforcement of the benefit package that we have," Sullivan said. - February 6, 2018, Cleveland.com article excerpt

Market Garden Brewery (Cleveland, Ohio) – The tax cuts allowed the brewery to add new jobs and invest more in their facility:

Sam McNulty, co-founder of multiple Cleveland brewery/restaurants including Market Garden Brewery and Bar Cento, credited the tax break with helping his operations expand at an accelerated rate, "which in our case meant several million dollars of investment in our facility as well as the creation of a large number of full-time positions."

Not having certainty for the tax cut beyond next year could stymie other, more long-term investments.

"As in life, so it goes in business, where if the future is uncertain, you are more likely to be less secure and optimistic and thus more conservative and frugal," McNulty said. "There's not a bank on the planet that will finance a business that has only a one-year lease. And so a one-year extension is appreciated, but it is not enough to really fuel this growing industry and reach the full promise of the economic benefits of local craft beer." Dec. 17, 2018, Crains Cleveland article.

Kroger (Cincinnati, Ohio) – The nationwide grocery store chain announced plans to increase wages, improve their 401(k) plan, implement an improved education assistance program, as well as more discounts and support programs for employees:

The Kroger Co. (NYSE: KR) today announced new and enhanced long-term associate benefits following the Tax Cuts and Jobs Act, including an industry-leading education assistance program called Feed Your Future, accelerated investments in store associate wages, a more generous 401(k) benefit, and enriched associate discount and support programs. 

"The Tax Cuts and Jobs Act is a catalyst that is enabling us to accelerate investments in Restock Kroger, our plan to serve America through food inspiration and uplift," said Rodney McMullen, Kroger's chairman and CEO. "We intend to make significant investments in our associates, to continue redefining the customer experience, and to return value to our shareholders – sharing the benefit with all of our stakeholders in a balanced way. 

"I am especially excited to introduce Feed Your Future, Kroger's new, industry-leading continuous learning and education benefit. Many of our associates can attest to the life-changing power of education, and I'm proud to be one of them. Feed Your Future will support both full- and part- time associates, wherever they are on their personal education journey, whether they are pursuing GEDs, MBAs or professional certifications. In this way, we're offering more than a one-time award – we're offering an investment in our associates' future.

"Sharing the benefits of tax reform with our associates and customers will create a more sustainable and stronger business model to support Restock Kroger and beyond. This approach is also consistent with living our purpose: to Feed the Human Spirit."

Feed Your Future: Embracing the Life-Changing Power of Education

Lower federal taxes under the Tax Cuts and Jobs Act have enabled Kroger to introduce Feed Your Future – an education program to encourage lifelong learning and strengthen the company's opportunity culture. 

Kroger and its subsidiaries will now offer associates an employee education benefit of up to $3,500 annually ($21,000over the course of employment) toward continuing education and development opportunities including a high school equivalency exam, professional certifications and advanced degrees. 

Under the new benefit, Kroger expects to increase by five times its total annual investment in employee education. And in addition to a more generous individual and lifetime benefit, Feed Your Future will now cover all full- and part-time associates following six months of employment. 

"We care about our nearly half a million associates' growth and development, and we believe investing in education will support and encourage lifelong learning and reinforce our 'come for a job, stay for a career' opportunity culture," said Mr. McMullen. "We believe that making education benefits available to more associates and at more generous levels than ever before is the best way to support their future."

As part of Feed Your Future, Kroger is also introducing a new educational leave of absence that allows associates to take time off work to focus on approved studies, while maintaining a role with the family of companies and their seniority. 

Raising Starting and Overall Wages for Store Associates 

In order to increase starting wages and overall wage rates in certain markets, Kroger is utilizing the benefits of the Tax Cuts and Jobs Act to accelerate some of the previously-announced, incremental $500 million investment in associate wages, training and development over the next three years as part of Restock Kroger. 

Last month in Cincinnati, for example, Kroger associates ratified a labor agreement with UFCW Local 75 that set the stage for starting wage and overall wage increases in multiple markets across the country. The agreement raised starting wages to at least $10 per hour, and accelerated wage progressions to $11 an hour after one year of service, for store associates in the Cincinnati/Dayton area. Those wage increases went into effect on April 1.

Supporting Associates' Financial Well-Being – Today and in Retirement

To support associates' financial well-being, Kroger and its subsidiaries will increase the company match in the 401(k) Plan to 5% of pay, compared to a 4% match today. 

The family of companies is also making its associate discount of 10% off Our Brands products a more consistent benefit across supermarket banners, which will apply to more associates and in more locations than before. This new commitment will expand on the existing associate discount for Our Brands products, which allowed associates to save $53 million in 2017 alone. New associate discounts on general merchandise, home, apparel, and jewelry are also being offered.

Helping Hands: More Help in Times of Need

Kroger's long-standing Helping Hands program, an internal support fund that aids associates during hardships, will receive an additional $5 million in funding and be easier to use across the family of companies. 

"It is a point of great pride for Kroger that we are part of the fabric of our communities, and our associates always step up to take care of our customers, neighbors and each other in times of need," said Mr. McMullen. "Helping Hands is just one example of how at Kroger we show care every day and uplift each other in every way – especially when people need it most." 

Last fall, as part of the Helping Hands program, Kroger awarded $700,000 in financial grants to support 1,100 associates enduring hurricane-related hardships. 

"At Kroger, we are thrilled to have a talented, diverse and unique workforce," said Tim Massa, group vice president of human resources & labor relations. "We care about our associates, and we took the time to thoughtfully consider how to live our purpose and offer meaningful, personalized benefits while helping individuals, families and communities thrive today and in the future."

All of these investments were contemplated in previously-announced guidance. April 16, 2018, Kroger press release.

UH Rainbow Center (Cleveland, Ohio) - Built a new women’s and children’s center:

U.S. Senator Rob Portman (R-OH), as part of his Results for the Middle-Class Tax Reform Tour, visited UH Rainbow Center for Women & Children and hosted a tax reform roundtable. The UH Rainbow Center for Women & Children’s $26 million capital project was partially funded through New Markets Tax Credits, a tax incentive Senator Portman fought to preserve in the Senate version of the Tax Cuts & Jobs Act and the final bill which ultimately became law. - February 24, 2018, Sen. Rob Portman press release excerpt

Peoples Services Inc. (Canton, Ohio) - Increased wages, employee bonuses, hired new employees, nearly doubled capital investment:

“But thanks to the leadership of President Trump and his commitment to tax reform, I hear new stories every day of how my constituents are doing better under the new law. Just last week, I spoke to Doug Sibila, President, and CEO of Peoples Services, Inc., whos seven state operation is led out of Canton, Ohio. In recent months Peoples Services has raised pay, handed out bonuses, hired more people, and nearly doubled capital investment. All while increasing sales and margins. Stories like that of Doug and his employees are shaping the legacy of tax reform, and that’s a legacy I’m glad to have played a part in.” - July 2, 2018, Rep. Jim Renacci statement on U.S. House Floor

“We’ve increased wages more in the last two years than we have in the last 10 years,” said Doug Siblia, Peoples Services. “Entry-level drivers are making more than $50,000 a year, and our senior drivers are getting closer to $100,000 a year, and here in the Midwest, that’s a nice salary and a way to earn a living." -- August 27, 2019 Spectrum News 1 Article

Fairfield Insulation and Drywall (Lancaster, Ohio) – Because of the Tax Cuts and Jobs Act, the company was able to expand their life insurance benefits and increase their 401(k) match:

Fairfield Insulation and Drywall, a small Ohio-based company, was able to expand life insurance benefits for its employees last year. This year, it will increase its 401(k) match. April 14, 2019, Fox Business Network article.

GKM Auto Parts Inc. (Zanesville, Ohio) – Providing healthcare benefits to employees:

“Under the Affordable Care Act, our company has faced double digit increases in health care costs year after year, causing us to drop coverage in 2016,” said Kelly Moore, owner of GKM Auto Parts. “Because of the cost savings from tax reform, we are reinstating this important benefit for our employees…” Kelly Moore, owner of GKM Auto Parts, article excerpt

Bruns General Contracting (Tipp City, Ohio) – Investment in equipment; enhanced retirement benefits:

U.S. Ohio Senator Rob Portman (R) made a stop in the Miami Valley for his Middle-Class Tax Reform Tour.

Portman visited and took a tour of Bruns General Contracting in Tipp City Monday and talked to the employees.

The company said it is investing in more equipment and strengthening its retirement benefits because of the money it expects to save in the next tax reform bill. -- Jan. 15, 2018 WDTN news report

Tri-State Trailer Sales, Inc. (Hubbard, Ohio and Cincinnati, Ohio) – Increased 401(k) match for employees, to 100% on the first 4% of compensation:

We were very motivated that President Trump and Congress made the tax reform decision to benefit the American People and the Businesses they work for.

I look at all our employees as a big TEAM, its management and ownerships job to coach our team making sure everyone has the necessary tools to be successful in their position, we have done a good job at this and will continue to do so which has enabled us effective January 1st 2018 to implement an increased 401(k) match from approximately 25% to now 100% on the first 4% of compensation.

This new tax reform will also assist our company in continuing to support some of the great non-profit organization we have in the past. – Joe Mancino, CEO/President

J.M. Smucker Company (Orrville, Ohio) -- $1,000 bonuses to about 5,000 employees; $1 million in increased charitable donations; $20 million contribution to employee pension plan:

With the benefit resulting from U.S. income tax reform, the Company contributed an incremental $20.0 million to its employee pension plan and has announced a one-time bonus of $1,000 to nearly 5,000 employees and a $1 million increase to its charitable contributions. Feb. 16, 2018 J.M. Smucker Company press release

Jergens, Inc. (Cleveland) – Pay raises:

Thanks to the tax package, Jergens took what would normally be a cost of living increase for its workers, doubled it and built it in as a permanent part of wages, rather than making it a one-time bonus as some companies did. That means a worker making $25 an hour got a raise of about $2,000 a year. Feb. 4, 2018 Cleveland.com article excerpt

Worldpay Inc. (Cincinnati, Ohio) – Up to $2,000 bonuses, increasing some hourly wages, increasing 401(k) match, increasing charitable contributions, investing in wellness and recognition programs:

“An Ohio-based payments-processing giant said Friday it's giving bonuses, upping pay and improving benefits while crediting the GOP tax cuts.

--

Worldpay said U.S. hourly workers are getting bonuses of $1,000 to $2,000 each, and some hourly wages are being hiked. The company is increasing its 401(k) match and investments in wellness and recognition programs. Charles Drucker, the company's executive chairman and co-CEO, said the company also will increase charitable giving.” – March 2 2018, U.S. News and World Report article excerpt

[To see the full list, click here]
 

 

 


Warren Dodges Private Healthcare Question Three Times During Morning Joe Interview

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Posted by Adam Sabes on Wednesday, January 8th, 2020, 3:59 PM PERMALINK

Elizabeth Warren dodged the private healthcare question three times during an interview this morning on MSNBC’s Morning Joe.

Here’s the key exchange:

Willie Geist: “When you explained your Medicare for All plan at first, though, some people went ‘wow, $20.5 trillion in new spending’ and then later you sort of morphed and said well, we’ll introduce this over time. This isn’t something that’s going to happen overnight perhaps because of some of the reaction you got to it. Do you recognize that your plan to eliminate private health insurance may offend some voters and may be responsible for some of the slip in your polling?

Warren: [Dodge]

Geist: “Just gotta follow up with one more question, which is, a lot of people hear that and they say, ‘yeah, there are too many people in this country who don’t have health insurance or who at least don’t have good health insurance, we gotta get it to them,” but there are also many people who have private health insurance who would lose it under your plan and are like ‘wait a minute. Why can’t the public be an option. Why can’t that be an option instead of a mandate. In other words, the Pete Buttigieg/Joe Biden plan, which is to say Medicare for All who want it. Yes, cover all those people, but don’t force me into that plan.

Warren: [Dodge]

Geist: “So those people could hop into your plan, but why couldn’t the people who enjoy their private plan keep it is the question.

Warren: [Dodge]

This isn’t the first time Warren has been caught dodging the question, either.

In an interview with Bloomberg’s Joe Weisenthal in January 2019, she didn’t give a straight answer to the seemingly simple question. 

Weisenthal: “But right now, your vision for Medicare for all, would it all be a public option, or would it also include private insurance.

Warren: “So right now, there are multiple bills on the floor in the United States Senate. I’ve signed onto Medicare for All. I’ve signed on to another one that gives an option for buying in to Medicaid. There are different ways we can get there. But the key has to be always keep the center of the bullseye in mind. And that is affordable health care for every American.

According to Politico, Warren did back a Medicare for All plan which eliminated private insurance. Recently, though, Warren has backed off of her original Medicare for All plan.

Among the many issues with Warren’s plan is that it would substantially raise taxes on the middle class by repealing the Tax Cuts and Jobs Act.

If Warren repealed the Trump Republican tax cuts:

-A family of four earning the median income of $73,000 would be stuck paying $2,000 more in taxes each and every year.

-A single parent with one child making $41,000 would pay $1,300 more in taxes each and every year.

If you want to stay up-to-date on their threats to raise taxes, visit www.atr.org/HighTaxDems.

See more:

Biden: “Get Rid of the Trump Tax Cut”

Pete Buttigieg: “We Gotta Roll Back the Trump Tax Cuts for Corporations”

Biden: “Anybody Who Can Throw Coal Into a Furnace Can Learn How To Program”

Warren Contradicts Herself on Medicare for All, Again

Mayor Pete’s “Carbon Tax and Dividend” Will Raise Taxes on Social Security Recipients

Booker Praises Opportunity Zones While Planning to Repeal TCJA Which Created Them

Buttigieg Praises Opportunity Zones, Vows to Eliminate TCJA Which Created the Zones in the First Place

Sanders: “Of Course” Medicare for All Will Cost You Something

Despite Steep Tax Hikes, Biden’s Numbers Don’t Add Up

Biden: Capital Gains Tax Rate “Could Go Higher” Than 40%

Biden on Medicare for All: “You’re Going to Have to Raise Taxes on the Middle Class”

Sanders Senior Adviser: “Yes, We Will Repeal the Trump Tax Scam”

Bloomberg Endorsed a Carbon Tax

Biden to Sanders and Warren: “Let’s Get Realistic” on Trillion Dollar Spending Plans

Booker: I Would Raise the Capital Gains Tax Rate

List of Buttigieg Tax Hike Proposals

2020 Dems: Warren's Medicare for All Will Raise Middle Class Taxes

Fact Check: Mark Zandi Misleads Americans, Claims Warren’s Healthcare Plan Will Not Raise Middle Class Taxes

Warren: Medicare for All Covers Illegal Immigrants

Elizabeth Warren Contradicts Herself on Taxes, Again

Biden: Imagine if I Told Elizabeth Warren ‘You Should Be In a Socialist Primary’

CNN Catches Warren in a Tax Lie

Bernie Sanders: Warren’s Medicare for All Plan Would Have “Very Negative Impact” on Jobs and Wages

Warren Claims Americans Making Less Than One Billion Dollars Will “Not Pay a Penny More” in Taxes Under Her Medicare for All Plan

Warren’s “Medicare for All” Repeals Trump Tax Cuts

Biden: Warren is "Making it Up" on How She'll Pay for Medicare For All

Biden: “It’s Impossible to pay for Medicare for All without middle class tax increases”

Biden Slams Medicare for All: “It’s Totally Unrealistic and Can’t be Done”

Warren: Two Million Lost Jobs from Medicare for All “Part of the Cost Issue”

Video Showing Every Time Elizabeth Warren Has Dodged the Middle Class Tax Question

Out of touch Biden calls Trump’s $2,000 middle class tax cut “negligible”

Biden Calls for 28% Corporate Tax Rate

Biden: “Every Single Solitary Person” Will Pay 40% Capital Gains Tax

Warren Dodges the Middle Class Tax Question Again

Buttigieg Says He Will Raise Corporate Tax Rate to 35%

Watch: CNN Analyst Gets Visibly Irritated as Warren Dodges Tax Hike Question

Andrew Yang to Elizabeth Warren: Wealth Tax Would Have “Massive Implementation Problems”

Biden on Warren Dodging Middle Class Tax Question: “This is Ridiculous. Absolutely Ridiculous.”

Buttigieg Grills Warren for Dodging the Middle Class Tax Question

Biden: I Will Raise the Capital Gains Tax to 39.5%

Elizabeth Warren Can’t Stop Dodging the Middle Class Tax Question

VIDEO: 17 Times Elizabeth Warren Has Dodged the Middle Class Tax Question

VIDEO: Warren Keeps Dodging the Middle Class Tax Question

Biden: “I’m Gonna Double the Capital Gains Rate to 40%”

Tax Hike Bernie Says He’ll Tax All Income Over $29K 

Video: Warren Dodges Middle Class Tax Question Again

Biden Calls for Full Repeal of Trump Tax Cuts

Biden Attacks Warren: "She's Going to Raise People's Taxes”

Video: Media Fed Up with Elizabeth Warren Tax Dodge

Biden: End "Trump's Tax Cut for The Top Tenth of One Percent"

Booker: “My plan would reverse those toxic Trump tax cuts”

Stephen Colbert Calls Out Warren for Dodging Middle Class Tax Question

Video: Warren Dodges MSNBC’s Middle Class Tax Questions

Elizabeth Warren is Still Dodging the Middle Class Tax Question

Video: 2020 Democrats Promise Higher Taxes

Biden Caught Lying about GOP Tax Cuts

Bill De Blasio: “As President, I Would Issue a Robot Tax”

Biden Endorses Carbon Tax

Kamala Harris Calls for Ban on Plastic Straws

Elizabeth Warren's Climate Plan Calls For "Reversing" GOP Tax Cuts

Sanders: We’re Going to “Absolutely” Raise the Corporate Tax Rate

Elizabeth Warren on Corporate Tax Cuts: “I really want to see them rolled back.”

Bill de Blasio Calls for Corporate Tax Rate Hike

Amy Klobuchar: Raise the Corporate Tax Rate to 25%

Biden on capital gains tax: “We should raise the tax back to 39.6 percent”

Kamala Harris Threatens to Repeal GOP Tax Cuts 3 Times in August

Joe Biden: “I’m going to eliminate most all” of GOP Tax Cuts

Cory Booker Calls for Repeal of "Toxic" GOP Tax Cuts

Marianne Williamson Joins Dems Calling for TCJA Repeal

Kamala Admits Her Plan Would End Employer Insurance

“Medicare for All” is a Middle Class Tax Increase, Say Dems

Elizabeth Warren Can’t Dodge the Middle Class Tax Question Forever

Dem Socialized Healthcare Plan Will Lead to Middle Class Tax Hikes

Elizabeth Warren "Wealth Tax" was described by the WaPo editorial board as having "a certain authoritarian odor"

Supposed “Moderate” Democrat John Delaney Wants to Impose Carbon Tax on the American People

Klobuchar Suggests Capital Gains Tax Hike and “Doing Something” About TCJA

VIDEO: 2020 Democrats Will Raise Your Taxes

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

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

Biden and Harris: Raise the Corporate Tax Rate

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

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

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

Julian Castro Caught Lying about GOP Tax Cuts

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

Kamala Harris: I Will Repeal “That Tax Bill”

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

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

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

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

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

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

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

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

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

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

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

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

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

Joe Biden broke his middle class tax pledge

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

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

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


List of Tax Reform Good News

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Posted by John Kartch on Wednesday, January 8th, 2020, 2:00 PM PERMALINK


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