The headline reads, “Democrats can’t wait to raise your taxes, and take your job, too.” It’s from a Washington Times article by Lewis K. Uhler and Peter J. Ferrara. Twelve words that tell you what you need to know about the Democrats running wherever you happen to be in America.
Related: Trump Economy Middle-Class Income Gains Four Times Higher Than Obama’s
From the piece, ‘Lewis K. Uhler is (the) founder and chairman of the National Tax Limitation Committee and Foundation. Peter J. Ferrara is a senior policy adviser for the Foundation and teaches economics at Kings College in New York.’ So, they know more about tax policy and economics than most of us. Here are both the nut and a nutshell of their analysis.
New wealth taxes, new carbon dioxide (energy) taxes, higher income taxes (rates as high as 70 percent), higher payroll taxes, higher death taxes, higher corporate income taxes, Democratic leaders — especially those seeking the presidential nomination — have been out-bidding one another on repealing federal tax reform and creating new taxes and increasing tax rates.
But higher taxes are recessionary even under liberal Keynesian economics, let alone under President Reagan’s conservative supply-side economics. Any one of the major tax increases proposed by leading Democratic presidential candidates would throw the economy back into recession.
Democrats have been pining for some sign of economic ruin. Who can blame them, it’s their comfort zone. A left-wing political safe-space. They need the nation, you, and your family, suffering so that their lies seem more believable, and you’ll exchange liberty for what amounts to false security.
They don’t want to make your own choices with your money. They want to make sure they get to do that, and you have little choice but to let them. But there’s a huge problem, which Uhler and Ferrara explain.
Mr. Trump’s boom has also produced the lowest unemployment in American history for blacks, Hispanics, Asians, teenagers and lower-income workers. That means Mr. Trump has been leading the most inclusive recovery in American history.
Mr. Trump’s blue-collar economic boom has also produced record increases in wages and in middle-class incomes. Median family income has reached more than $65,000 for the first time in American history, with (the) lowest taxes since Reagan in the 1980s.
It’s the old “are you better off than you were four years ago?” If we’re talking low-income, middle-class, minorities, the answer is yes. If we’re talking about everyone else, the answer is yes. Even Democrats (who are working or want to work), though they are unhappy about it.
So, why not pile on some more?
In addition to higher incomes for average families, tax reform has produced numerous amazing results for all Americans (not just for Wall Street, large corporations and the rich as The New York Times and The Washington Post would have you believe):
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- The lowest poverty rate in half a century.
- Tax cuts doubling the personal exemption and increasing child tax credits.
- More jobs than people to fill them (“Help Wanted” signs are everywhere).
- More people coming back into the workforce than we have seen in decades.
- More jobs and capital investments returning home after the end of double taxation and reduced corporate rates.
- Huge new investment in buildings and equipment (job creation) because of current year expensing of capital expenditures.
- Mr. Trump’s energy deregulation has also produced energy independence, as America is now the world’s number one producer of both oil and natural gas.
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The Democrat party, everywhere, is running to destroy all of that as quickly as they are able. They are running on creating a recession. Their promises will end the problem of more jobs than people to fill them and put an end to disposable income, not just in your lifetime, but within weeks of their attaining office.
Changes that will have no impact on Democrat leadership or the size and cost of government, unless by “impact” we mean they will grow exponentially.
That’s what Democrats promise, and trust me, if you elect them, they will deliver it.
