Tag Archives: taxes

Bipartisan Negotiations Progressive-Democratic Party Style

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There is a bipartisan group of Senators who are close to agreement on a trillion-dollar infrastructure bill. Set aside, for the moment, whether the bill is good or bad. Consider, first, Senate Majority Leader Chuck Schumer’s (D, NY) and his Socialist colleague Bernie Sanders’ (I, VT) position and planned move regarding that bill.

Senate Majority Leader Chuck Schumer and Senate Budget Chairman Bernie Sanders have started the process of adding elements of Biden’s agenda to a large-scale budget reconciliation bill, regardless of the outcome of ongoing bipartisan negotiations on infrastructure.
Schumer has said the reconciliation bill will include the parts of Biden’s $2.25 trillion American Jobs Plan and $1.8 trillion American Families Plan that are not included in a potential bipartisan agreement on infrastructure spending.

The bipartisan negotiation is a sham, a decoy, an attempt at a shiny object. The Progressive-Democrats in that group are fully aware of this, and they’re enthusiastic participants in the distraction.

This is what Republicans and Conservatives have to deal with.

An Expanded Child Tax Credit?

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The current law providing for a child tax credit requires those children to have Social Security Numbers in order for their parents to be able to claim the credit.

Saira Soto, a Deputy Executive Director for Children’s Defense Fund California, wants immigrant children who lack Social Security numbers also to qualify their parents for the credit.

In order to ensure a fair and just system that helps grow and boost our economy, and one that supports our children, immigrant families must be included.

Of course, immigrant families already are included in the present form of the child tax credit. It’s illegal alien families and non-citizen families in our nation legally who are not.

Soto knows this full well; her demand is an illustration of the dishonesty of the Left’s Free Stuff for Everyone movement.

You Didn’t Build That

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The Progressive-Democrats are continuing their attack on American citizens being successful. House Speaker Nancy Pelosi (D, CA) has populated her Select Committee on Economic Disparity and Fairness in Growth.

The past several decades have shown with devastating clarity the marked imbalance between the financial fortunes of CEOs and workers….

Never mind that the last four years before the present Progressive-Democrat-run administration and Congress has seen a marked decrease in the disparity in the financial fortunes of CEOs and workers, as workers got bigger pay raises, in per centage terms, than have the CEOs, significantly closing the gap. Never mind, either, that that decrease in the financial fortunes gap also has been markedly potentiated by the historic lows in minority and women unemployment as those especially on the bottom rungs of our economic—financial fortune—ladder saw marked increases in their wages: they got actual jobs, they became workers.

Pelosi went on:

The devaluing of work has had a negative impact on consumer confidence, job creation and economic growth….

Never mind that the only ones devaluing work, and through that negatively impacting consumer confidence, are Progressive-Democrats with their government (not economic) policy of paying people not to work. Never mind, either, that Job creation has been so anemic under this Progressive-Democrat government that there are millions more jobs available than there are workers willing to take them—especially in the low-skill milieus—because Progressive-Democrats insist on paying those least fortunate to not work, to continue being the least fortunate.

Pelosi’s wonderful select committee? It’s chaired by Congressman Jim Himes (D, CT) and populated with Progressive-Democrats like Congresswoman Alexandria Ocasio-Cortez (D, NY), Congresswoman Pramila Jayapal (D, WA), Congresswoman Marcy Kaptur (D, OH), Congresswoman Gwen Moore (D, WI), Congressman Vicente González (D,TX), Congresswoman Angie Craig (D, MN), and Congresswoman Sara Jacobs (D, CA).

It’s hard to find farther left members, even for the Progressive-Democratic Party.

Pelosi to Americans: you didn’t build that. You’re not going to, either, without Government.

The G-7 Meeting

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The Wall Street Journal asked a question last Friday regarding President Joe Biden (D) and the weekend G-7 meeting.

What would you like to see come out of the G-7 summit?

I would have liked Biden to repeat former President Donald Trump’s (R) offer of a completely tariff-free trade regime among the seven.

But he didn’t make the offer. Biden and his fellow Progressive-Democrats are all about higher taxes, not lower.

The Desperation of Green Subsidies

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There’s this graph, via Power Line, that illustrates the impact of subsidies—here the production tax credit (PTC) for wind power in particular—and their expiration, on wind energy production facility investment and installation.

Those green bars (because Power Line has a sense of irony) represent the new wind-energy systems installed the year after the PTC was allowed to expire.

Wind power, among “green” energy production systems, just isn’t ready for market.