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!
Tag: climate tax
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
“The IPCC concedes what many have contended all along by admitting ‘the likelihood of high emissions scenarios such as RCP8.5 . . . is considered low.’ "
U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) today said that the data on global warming is not clear enough to justify imposing new regulatory burdens on consumers. In his opening statement during today’s Senate Banking Committee hearing, Senator Toomey argued that regulators must avoid the temptation to think they are smarter than the market, … Continue reading Biden using fishy global warming data to push crippling tax hikes
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