DEMOCRATS REVEAL MIND-NUMBING 2018 Campaign Strategy – RAISE TAXES & Take Back Your “Crumbs”

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Immediately following President Trump’s incredibly popular tax cut bill that was passed without a single vote by Democrats, Nancy Pelosi openly mocked the benefits of the tax cuts to hundreds of corporations and businesses, who in turn, gave bonuses and pay raises to their employees. Pelosi arrogantly called the bonuses and pay raises to everyday Americans, “crumbs”.

In a mind-numbingly ignorant reelection strategy, the Democrats have just announced that if you vote for them, they promise to take those “crumbs” back from you and give them to the government.
Congressional Democrats released a detailed tax hike plan that they promised to implement if given majority control of the House and Senate after the 2018 midterm elections. So much for the crocodile tears about the deficit–Democrats want to raise taxes not to reduce the debt, but rather to spend that tax hike money on boondoggle projects.

As you might expect, hold onto your wallets.
Here are the details:

Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it’s also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations and LLCs pay their business taxes on their owners’ 1040 personal tax returns. Hiking the top tax rate is a small business tax increase.
Increasing personal income taxes would be particularly unfortunate since workers are now seeing the results of lower rates in their paychecks. Thanks to the new IRS withholding tables in February of this year over 90 percent of workers saw higher take home pay in the form of fatter direct deposits.
Increase the corporate income tax rate from 21 percent to 25 percent. Up until this year, the United States labored under the highest corporate income tax rate in the developed world. As a result, jobs and capital were fleeing America for more normal tax rates that could be found in tax havens like France and China (sarcasm font very much activated). Finally, after many years of bipartisan consensus that the U.S. corporate rate had become an impediment to attracting new jobs and investment, Congress cut the rate all the way from 35 to 21 percent. Even doing that only puts us in the middle of the pack of developed nations, but that’s a heck of a lot better than dead last.
Bring back the alternative minimum tax (AMT) for 4 million families. Up until this year, 4 million upper middle class families had to calculate their income taxes two different ways, and then pay the higher result. This was due to a provision of the law known as the “alternative minimum tax” or AMT.
Cut the “death tax” standard deduction in half. Over the past few decades, no tax has proven more unpopular in every single poll than the death tax, the federal tax on estates. 60 to 70 percent of poll respondents consistently call for its full repeal. The new tax law didn’t repeal the death tax, but it did the next best thing–it doubled the death tax’s “standard deduction” from $5.5 million to $11 million (and twice that for surviving spouses). As a result, far fewer family businesses and farms will be subject to the death tax, and many smaller firms can shed the costly insurance, legal, and actuarial costs of avoiding the death tax. Like the top personal rate, the death tax is not something that really affects the rich, who have plenty of resources to avoid the levy. Rather, it hits hardest those companies profitable enough to worry about it but not profitable enough to not worry about, if you catch my meaning. Democrats have never understood this, which is why it’s not surprising they want to reduce the death tax’s standard deduction back down to what it was before.
#GOPTaxScam Delivers Billions To Corporate Executives And Wealthy Shareholders While Middle-Class Workers Are Left Behind
Increase taxes.
Make taxpayers pay for abortion.
Make abortion as easy as getting a tooth pulled.
Give illegals green cards so they can vote.
Offshore American jobs.
Make ALL guns illegal.
Give criminals a free get out of jail card.
Paint all white people as racists and black people as Gods.
Remove anything Christian and replace with Islam.
Re-write history the way they want it to be shown.
Shred the constitution.

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2 thoughts on “DEMOCRATS REVEAL MIND-NUMBING 2018 Campaign Strategy – RAISE TAXES & Take Back Your “Crumbs”

  1. “The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations and LLCs pay their business taxes on their owners’ 1040 personal tax returns.” This assessment is probably not in the least bit accurate as these businesses would probably keep their 20% discount reduction or either file as newly formed corporations getting the lower rates. If the Democrats wanted to keep the corporate rate adjustment to just 25%, then they should have been part of the original tax package solution instead of being part of the problem. Now, they just look like infantile poor negotiators. That being said, the Democrats (and Republicans new) plan should be focused on deficit reduction first with some infrastructure spending added.
    I prefer this proposal. It is intended as a massive deficit reduction bill to address the structural deficits, the new tax reform bill deficiencies, and some additional infrastructure spending proposed.
    1. Make permanent the middle class tax cuts of the reform versus expiring in 2025 and the immediate expensing of capital expenditures.
    2. Welfare and entitlement reform, reinstate workfare, include Medicaid and Medicare reform
    3. Slight modifications to Social Security including raising the cap income level on SS withholding
    4. Increase the top marginal income rate back to 39.6% from 37%.
    5. Increase the capital gains tax rate top marginal rate to 25%-28% while also increasing the holding period to at least 2 years if not 3 to receive favorable treatment. Eliminate the Sec 1411 Medicare surcharge for simplification.
    6. Eliminate the category “qualified dividends” and tax all dividends as ordinary income. In general, individual personal
    income should be taxed, not corporations as the corporate rate has already been reduced.
    7. Stretch the carried interest loophole to 5 years from a recent change to 3.
    8. Increase slightly the already existing carbon tax, the Federal gas and diesel taxes. (i.e. gas 18.4c to 25c) The Federal gas and diesel tax are effectively carbon taxes.
    The deficit divide does need to address both the spending and revenue side. In order to bring the financial order of the Federal government back into balance, everything must be on the table except for the core of the tax reform: Middle class and Corporate tax cuts. Doing nothing is not an option and might be in the future a recipe for financial calamity.
    Here are some other cuts and ideas that might be included in a reform package:

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