Biden Launching a Broad Attack on Our Prosperity
Posted April 29, 2021
So let me get this right.
President Biden has proposed the highest capital gains tax in,
probably, history. I'm not quite sure. I know, though, that it's
the highest in the past 50 years.
At 43.4% - added with the corporate tax
- that gets you to more than 50%. And then, of course, state
capital gains will get you close to 60%. Nobody in Europe is even
close to that. Not even Bernie Sanders' beloved Sweden, which is at
30%. By the way, China is at 20%. And, by the way, China's 25%
corporate tax would be lower than our 28%.
So it's the combination of jacking up taxes on companies, and
their profits, and their gains, or any time you sell a small
business -or a farm or a ranch - you pay capital gains.
And, by the way, Team Biden might eliminate the step-up basis
for capital gains around the death tax. Meaning: Heirs would have
to sell assets immediately - a plan that the Penn-Wharton school
claims would raise $113 billion.
So it's pouring taxes on taxes and attacking investment, which
is the key to blue-collar middle class living standards. They're
And it's an attack on our competitiveness in the global race for
capital. These are policies that will surely throw a wet blanket on
our booming economy.
McConnell Blasts Corporations Falling for Absurd Disinformation on Voting Laws
Posted April 05, 2021
In the words of U.S. Senate Republican
Leader Mitch McConnell (R-KY):
"We are witnessing a coordinated campaign by
powerful and wealthy people to mislead and bully the American
"The President has claimed repeatedly that
state-level debates over voting procedures are worse than Jim Crow
or 'Jim Crow on steroids.' Nobody actually believes this.
Nobody really thinks this current dispute comes anywhere near the
horrific racist brutality of segregation. But there's an old
cynical saying that 'history is just the set of lies agreed upon.'
And a host of powerful people and institutions apparently think
they stand to benefit from parroting this big lie.
"The Washington Post has repeatedly debunked
White House lies about legislation in Georgia: 'In reality,
Election Day hours were not changed and the opportunities to cast a
ballot in early voting were expanded.' Plenty of Democrat-run
states allow fewer days of early voting than the new Georgia law
requires. More than 70 percent of Americans, including a majority
of Democrats and a supermajority of independents, favor commonsense
voter I.D. requirements; even so, Georgia will accept alternatives
to driver's licenses to verify absentee voters. All the facts
disprove the big lie.
"These absurd tactics predate this Georgia
law. Last summer, just weeks after Senate Democrats used the
filibuster to kill Senator Tim Scott's police reform and
anti-lynching legislation, Democrats abruptly began calling the
same rules they happily used themselves a 'Jim Crow relic.'
"This disinformation has a purpose.
Washington Democrats want to pass a sweeping bill that would let
them rewrite all 50 states' election laws and turn the Federal
Election Commission into a Democrat-run partisan body. This power
grab is impossible to defend, so the left wants to deflect. Instead
of winning the debate, they want to silence debate by bullying
citizens and entire states into submission.
"It's jaw-dropping to see powerful American
institutions not just permit themselves to be bullied, but join in
the bullying themselves. Wealthy corporations have no problem
operating in New York, for example, which has fewer days of early
voting than Georgia, requires excuses for absentee ballots, and
restricts electioneering via refreshments. There is no consistent
or factual standard being applied here. It's just a fake narrative
gaining speed by its own momentum.
"Our private sector must stop taking cues
from the Outrage-Industrial Complex. Americans do not need or want
big business to amplify disinformation or react to every
manufactured controversy with frantic left-wing signaling.
"From election law to environmentalism to
radical social agendas to the Second Amendment, parts of the
private sector keep dabbling in behaving like a woke parallel
government. Corporations will invite serious consequences if they
become a vehicle for far-left mobs to hijack our country from
outside the constitutional order. Businesses must not use economic
blackmail to spread disinformation and push bad ideas that citizens
reject at the ballot box."