Connect with us

Economy

Marjorie Taylor Greene says AOC has agreed to Green New Deal debate

Published

on

EziEkMKXEAELezd

Rep. Marjorie Taylor Greene (R-Ga.) claims that Rep. Alexandria Ocasio-Cortez (D-N.Y.) has agreed to debate her on the economics of the latter’s Green New Deal proposal.

“I’m glad I ran into you today @AOC to plan our debate about the Green New Deal. After I finish reading all 14 pages, like we agreed, I’ll schedule time for our debate,” Greene wrote Wednesday evening, sharing an image of the pair speaking with each other on the House floor, accompanied with the hashtag “#MTGvsAOC” based off of their initials.

https://twitter.com/mtgreenee/status/1385002648911372292

The next morning, the controversial GOP congresswoman took to Twitter to say, “I read your 14 page Communists manifesto @AOC. Looking forward to debating you.”

While Ocasio-Cortez has not confirmed whether she actually has agreed to debate Greene, on Thursday—Earth Day—the self-described democratic socialist did respond to Rep. Chellie Pingree’s (D-Minn.) picture of her green “Green New Deal” hat, saying, “I’m glad you like it @chelliepingree! Happy Earth Day”.

The New York congresswoman on Thursday also promoted via Twitter a virtual town hall event for her constituents about the Green New Deal and the FEMA funeral assistance program.

Thursday afternoon, Greene ramped up her criticism of the Green New Deal, accusing President Joe Biden and Democrats of “forcing America into slavery to China with @AOC’s Green New Deal.”

Earlier this month, Greene initially proposed the debate idea to Ocasio-Cortez on Twitter, floating the idea of making the debate “pay per view style” and have the money raised divvied up between the pair for places of each’s choosing. However, the New York Democrat never publicly addressed this debate invitation.

RELATED: Marjorie Taylor Greene challenges AOC to charity debate over Green New Deal

You can follow Douglas Braff on Twitter @DouglasPBraff.

You may like

Continue Reading

Economy

Americans are paying the highest taxes and largest share of GDP ever

Published

on

16687016624 46261174d3 b

“People are now paying more in total income taxes than ever, even considering the 2017 tax cuts signed by former President Donald Trump. And they will be paying significantly more when elements of those tax cuts expire in 2025” according to the Congressional Budget Office (CBO).

The Washington Examiner reports on the CBO’s analysis that the Treasury expects a 28% surge in individual income taxes this year. The analysis was presented to Congress on Thursday, and explained more income taxes are ahead in 2025 after the Trump tax cuts expire.

“Receipts from individual income taxes — the largest source of federal revenues — rose sharply in 2021 and are projected to do so again in 2022 as the economy recovers from recession and temporary provisions enacted in response to the pandemic expire. Those receipts are projected to rise again after 2025 because of the scheduled expiration of some provisions of the 2017 tax act,” read the report.

“In 2021, receipts from individual income taxes totaled $2.0 trillion, or 9.1% of GDP. Under current law, and on the basis of receipts observed through late April of this year, CBO expects individual income tax receipts to rise by 28% in 2022, to $2.6 trillion. At 10.6% of GDP, that total is expected to be the highest amount of individual income tax receipts recorded since 1913, when ratification of the Sixteenth Amendment authorized the federal government to begin collecting income taxes,” said the report.

Additionally, the CBO stated that the overall federal revenue is expected to reach a record $4.8 trillion in 2022, a 19% one-year increase. “The strong revenue growth in 2021 and 2022 results mostly from large increases in collections of individual income taxes. Total revenues in 2022 are projected to equal 19.6% of the nation’s gross domestic product — the largest annual revenues relative to the size of the economy since 2000.”

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending

Proudly Made In America | © 2022 M3 Media Management, LLC