The Denice Gary Show 5 17 20

AS BIDEN AND THE DEMOCRATS IN CONGRESS WORK TO INCREASE TAXES TO PAY FOR THEIR $10 TRILLION DOLLAR SPENDING POLICIES, THE POCKETBOOKS OF AMERICA'S MIDDLE CLASS HAVE BEGUN TO SHRINK. Higher taxes on everything that moves, more regulations, more entitlement programs, are all prosperity killers and will wreak havoc on the economic prosperity of the American people.
IT WAS PRESIDENT TRUMP WHO MOVED AMERICANS CLOSER TO INCOME EQUALITY. WHEN PRESIDENT TRUMP WAS ELECTED he went to work to lower taxes, create new jobs, and raise wages for every American! Workers had not seen real wage increases for years, but under President Trump wages went up! Companies that had moved overseas, discouraged from investing in America due to heavy-handed tax policies and regulations under the Democrats, finally came back. Why? President Trump lowered the corporate income tax rate from 35 percent to 21 percent.
President Donald J. Trump signed the largest tax cut in United States history. The Tax Cuts and Jobs Act, (TCJA), TCJA’s pro-growth reforms of individual and corporate taxes were badly needed. After TCJA’s passage, United States multinational enterprises repatriated $1 trillion in past overseas earnings that were previously invested abroad.
President Trump's tax cuts saw the wages of America's low wage earners and the middle class, move up! The Middle class standard of living rose to 66% and people felt better. Everyone should have the chance to live out the American dream!
BIDEN HAS SAID HE WILL RAISE THE CORPORATE INCOME TAX RATE from 21 percent to 28 percent which will be the among the highest tax rates in the world - more than Communist China's rate of 25%. And corporate tax hikes will fall heavy on the middle class and poor - more than on the corporate owners. This means wages and benefits will go down.
Some American companies will once more leave the United States. They will go to other countries as they did before and they will take their jobs and salaries with them. Trump brought these corporate owners back home and wage growth in America created the lowest poverty rate since the 1950's. The U.S. had the lowest unemployment rate in over 50 years and that included minorities - blacks, hispanics and asians.
Biden has told the American people that only the rich or very rich will be taxed. Not true.
Case in point: Energy. On day one President Joe Biden put at least 10,000 people out of work. By revoking the Keystone pipeline permit, Biden made thousands of Americans jobless with lost wages estimated at roughly $2 billion. While Democrats have pushed back by saying these jobs are just temporary - it does not matter. Bottomline, Democrats could not get through Day 1 without killing jobs for middle class Americans.
He has also proposed repealing oil and gas tax “subsidies” as part of his “infrastructure” plan. However, many of these provisions are part of the ideal tax code and if repealed would result in discriminatory tax treatment for oil and gas businesses that would threaten jobs and drive up costs for working families and small businesses.
Indeed, the Democrats are trying to deny oil and gas businesses that same tax treatment that every other industry receives:
In a letter by Republican Congressman Jodey Arrington and signed by 55 members of Congress he wrote: “While oil and gas, like many U.S. industries, will suffer from broad sweeping tax increases, they are also being singled out, targeted, and denied the same tax treatment that is available to every industry in the U.S. economy." https://www.atr.org/rep-arrington-leads-letter-urging...
On the federal capital-gains tax: This is a second tax. We keep hearing President Biden will double the tax rate of wealthy Americans. This would make the federal capital-gains tax rate as high as 43.4% if you include the existing Medicare surcharge. Biden's proposal will raise the capital gains rate to 39.6% for taxpayers with income over $1 million, according to the Tax Policy Center. This is Biden's war on investments hurts everyone.
Meanwhile, the Child Tax Credit is about more free money going out to Americans and for what?! This new entitlement program just gives more taxpayer money out to people who do not have to be working Americans - there is no work requirement. This ends up being a job killer.
Moreover, the Treasury Secretary is colluding with foreign goverments to have a global minimum tax to make sure the global economy thrives - that will destroy economies, and America's own tax and ecnomic sovereignty. President Trump used to say no foreign government should tell the United States what taxes it should pay.... This is neo-socialism! But again, no foreign government should have a say in America's tax policies on corporations or the public.
It has worked for Democrats to say every election cycle - "tax the rich!" So the rich take their money outside the United States to other countries with lower tax rates. Success in America should be rewarded! The rich pay the highest tax bills in the U.S. - they pay salaries, create jobs, do research and development as well as philanthropic work to advance civilization through a variety of medical and technological breakthroughs.
In the end, Dems will destroy the economy and the American Dream by higher taxes and Green New Deal measures that seek to nationalize all things and end our free market economy!