“Up until the Biden Administration took over, we were energy secure, no longer dependent upon Middle East oil. The shale gas revolution enabled U.S. energy to be even less expensive and more reliable. Now, we find ourselves in a very different place, just 8 months later."
The legislation would raise taxes on working families and small businesses while fueling higher prices on goods and services in order to give tax breaks and handouts to the Democrats’ wealthy friends.
The Democrat tax scheme funnels money to their wealthy friends and elites by raising taxes on working families and job creators.
U.S. Senator John Boozman (R-AR), ranking member of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, told senior industry leaders, policy makers and key thought leaders that the Democrat’s tax and spend bill leaves animal agriculture “out in the cold” during his remarks at the “Sustainable Solutions for Zero Hunger by 2030” forum. “Just … Continue reading Elitist Democrat agenda leaves rural America ‘out in the cold’
One thing is certain, these new taxes do not only impact the rich. In fact, liberals would like to give the wealthy in high-tax states like New York and California a tax cut as part of the plan!
Senate Democrats’ tax proposals would severely disadvantage U.S. businesses relative to their foreign competitors with tax increases under Foreign-Derived Intangible Income (FDII) and the Global Intangible Low-Taxed Income (GILTI) minimum tax, resulting in fewer jobs, lower wages, and decreased investment in U.S. manufacturing and innovation.
Democrats have also floated retroactive tax increases on the American people.
In a document submitted to the United Nations under the Paris Agreement, the administration stated that it had “conducted a detailed analysis to underpin this 2030 target, reviewing a range of pathways for each sector of the economy that produces CO2 and non-CO2 greenhouse gases: electricity, transportation, buildings, industry, and the land sector.” No such analysis has been provided to Congress, despite repeated requests for it.
Senate Democrats may encompass the rewriting of business, international, energy, housing, and other significant structural elements of the tax code, along with sweeping changes to our nation’s health programs, federalization of unemployment insurance, and more. Unfortunately, the scope and substance of this legislation remains unclear, as Democrats have chosen to write and discuss the bill in secret, with no Republican input or consultation.
GO HERE TO TELL CONGRESS: IMPEACH BIDEN! --- Senate Democrats claim they oppose hiking taxes on middle-class and low-income workers, and they even joined Senate Republicans recently in voting to ban such a tax hike. But one look at their reckless tax and spending spree proves the Democrats’ opposition to job-killing tax hikes was just … Continue reading Biden and Senate Dems unveil crippling new tax hikes on middle class