The infrastructure bill is barely infrastructure. Only $650 billion goes to roads and bridges with $80 billion of it going to the failed AMTRAK. The rest goes to the enormous welfare state and the Green New Deal.
IT’S A TRAGEDY
The bill is helping the government take over the free enterprise and private companies, replacing them with central planners. That is where Biden is going and it “will have grave consequences for the economy,” Larry Kudlow said, adding, “It’s a tragedy.”
Biden lied about the tax cuts, claiming the benefits went to the wealthy. Larry Kudlow said nothing he said about the Trump tax cuts is true. In fact, the biggest benefits went to the middle and the lower income. The lowest 25% did the best under the cuts.
According to Kudlow, Biden’s business plan will have “disastrous effects.” Biden is raising the corporate tax rate to 28% and then you have to count the state and that brings it to 33%. China is 25% just to give you an idea of who will benefit. We also have a minimum tax of 15% here at home and a minimum tax abroad of 21%. Then you have a doubling of the capital gains and once integrated with corporate tax, it comes to almost 70%.
This is punishing success and taxing businesses to death. It’s “a war against investment which means a war against new business starts and technology advances, a war against productivity, and a war against wages for the middle-income people,” Kudlow said.
It will really do “damage to the economy.” It’s a trojan horse that is not an infrastructure bill. It’s a trojan horse for the Green New Deal and a vast new welfare state.
No one will invest in the United States as people flood our border.
Watch:
CHINA IS TAKING OVER THE THIRD WORLD
Tony Blinken, our foolish secretary of state, doesn’t want to limit the world’s colonizer Maoist China.
Watch:
JOHNSON EXPLAINS BIDEN’S BUSINESS MODEL HELPS THE WORLD’S EVIL PERSON
Senator Ron Johnson (R-WI) blasted Joe Biden on Thursday morning during his interview with Maria Bartiromo. He said Joe Biden is facilitating the business model of “some of the most evil people in the world.”
Every single thing Biden is doing hurts Americans.
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Sino-Joe is pushing this catastrophic hard-Left change with a plurality of a minuscule majority of 5 members of the House and a Constitutional tie-breaker in the Senate.
I’m not against the $80 billion for AMTRAK. The airlines are a mess. If we had a good rail system like Japan and Europe the airlines would be all but out of business. I live near a small town with AMTRAK. It’s a short trip to the Station and a very comfortable overnight trip to Chicago for a trip overseas. I don’t see cruise lines replacing long haul flying. Occasionally you can still find a Tramp Steamer which can be less than 1st Class Air fare and a much more comfortable trip. US to Singapore is only 30 days. Anything under 500 miles I drive because its less hassle than dealing with the airlines, car rental, and TSA. They should take the Trillion in Green New Deal boondoggles and give it to AMTRAK. That would be a real investment in America’s future. Maybe if people actually slowed down and saw some of “fly over country” they wouldn’t hate America so much. Traitor Joe’s Business model is going to bankrupt America.
The laughable Blue Dot (LSD?) to compete with China’s BRI (Belt and Road Initiative) will FAIL as it already has.
China played the globalists and won’t be any vassal state or get rid of their wall (racist!) or borders.
Look for corporations to relocate to China since they have a lower tax rate but that was the plan all along for the unity (conformity) dependence plantation.
No one investing in America and no new business start ups is a feature as the you’ll own nothing and like it serf Great Reset is on must happen order from the controller paymaster globalists.
(S)elections have fundamentally destroying consequences and it was a nice run for the republic but you can stick a fork in it and there won’t be anything left to vote or way out of in two to four years.
A cogent analysis. Frightening, but I agree.