Dem Rep. Neal: Dems to Raise Taxes If They Retain Power

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Anti-Capitalism Democrat Rep. Richard Neal of Massachusetts indicates the House will increase taxes if they remain in power after the midterms. Tax and spend is all Democrats ever do.

Bloomberg reporter Erik Wasson tweeted that Neal — the chair of the House Ways and Means Committee — said should Democrats retain power in the House. They plan to raise corporate and individual tax rates in 2023.

Anti-capitalism Democrats are raising taxes through the new Inflation bill created behind closed doors by Sens. Chuck Schumer and Joe Manchin. Most of the spending is on climate and energy welfare. At the same time, they doubled the size of the IRS to include increased enforcement. That will likely be used to hound small and mid-sized businesses. They are probably going after the middle class as they have in the past. All signs point to it, as we have indicated in several articles.

Anti-capitalism depends on the destruction of small businesses, which are the backbone of our capitalist system.

Under the Manchin-Schumer Inflation Act, Americans making less than 10,000 will pay 0.3% more taxes. Everyone gets hit.

Neal is the representative who first requested Donald Trump’s tax returns.

Elon Musk tweeted about the anti-capitalism Democrats’ taxes. He posted a photo of a man in revolutionary garb smirking with the caption, “When the country that revolted over taxes hires 87,000 new IRS agents.


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Tim Shep
Tim Shep
5 months ago

That’s it, tax and spend is all they have along with scare tactics like the sky is always falling and doom and gloom.

GuvGeek
GuvGeek
5 months ago

Let’s cut Government Spending. The Budget is about 1,632 Billion in a 20,940 Billion Economy. First Take Social Security out of the General Budget and put it back in a lock Box. That is about 1000 Billion per year or about 5% of GDP. Add to that Medicare of maybe 2.5%. Cut Health all other Healthcare from the Budget Stop making Big Pharma Rich.

The Federal Government owns Social Security about 10,000 Billion. That will cost and additional 5%. They need to pay it back in 10 years. The Government needs to pay down the other 20,000 Billion over 30 years; that’s another 666 Billion a year or 3% of the GDP. Cut Health all other Healthcare from the Budget, Stop making Big Pharma Rich.

We need to cut defense to about 425 Billion about 2% of GDP. Add another 100 Billion for Veterans or about 0.5% of GDP. Run the rest of the Government on say 400 Billion; another 2%.

Social Security and Medicare should cost 7.5% of GDP and the should be paid by income tax. The rest of Government should cost us 15% and that should be paid by Import Duties, Export Duties, a Luxury Tax and a National Sales Tax.

If you only tax Social Security and Medicare via Income you don’t need an IRS since cheating on your Social Security will affect your retirement. Collecting the rest of the taxes is just an accounting problem.

In 2021, the Government cost over 30% of GDP, that’s ridiculous. The Government is just a Ponzi Scheme transferring Wealth from the Middle Class to the Rich.

It’s time to repeal the 16th Amendment and crush the Deep State.