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Mercedes Schlapp: A Biden Economy Would Be ‘Incredibly Destructive’

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On Thursday’s airing of “The Sara Carter Show” podcast, Trump 2020 Campaign Senior Advisor Mercedes Schlapp explained why the country run by former Vice President Joe Biden would be a disaster for American families and American workers.

“In fact, even Bernie Sanders has said that Biden would be the most progressive president that we’ve seen in decades.”

Mercedes Schlapp, senior advisor to President Trump and Vice President Pence Campaign 2020

“I think we have to say goodbye to the so-called moderate career politician Joe Biden because he has made a political play to unite himself to Bernie Sanders and the Socialists,” said Schlapp. “And, in fact, even Bernie Sanders has said that Biden would be the most progressive president that we’ve seen in decades.”

She added, “Biden has decided to embrace this unity platform. Quote unquote. Let’s just think about this. This is about abolishing ICE. This is about halting deportations of illegal immigrants. This is about supporting the Green New Deal that would cost hundreds of thousands of jobs in the energy industry. This is about ensuring that we’re able to add more regulations, which we know would be burdensome over-regulation that would stunt American economic growth.”

The economy President Donald Trump built, which put money back in Americans’ pockets, is what Biden wants to reverse, Schlapp said. Instead, under a Biden administration, that money would be allocated for plans such as his clean energy proposal, which demands $2 trillion from the American taxpayer.

“And then, of course, what Biden has called from the beginning, which is that he would roll back President Trump’s tax cuts you’re talking, then that based on, for example, his big, clean energy plan that he has that would cost trillions of dollars as well as combining this with the unity platform, it’s gonna cause tax increases for about 82% of Americans,” she added.

Schlapp didn’t mince words saying Biden’s plan would literally “steal 585,000 jobs” from Americans.

“I mean, this is devastating for American families. This is devastating for the American worker,” she said. “And it’s why Joe Biden needs to be stopped.”

The Administration’s tax policies have allowed Americans the freedom to do things like buy a home or take their families on vacations. Under Biden’s government, there wouldn’t be such freedom because of the sweeping tax increases, Schlapp explained.

“There is this reality that we’re facing right now in terms of knowing that for Joe Biden, his economic plan would be incredibly destructive. The president has been able to build an America that’s energy independent. And you’re talking about for Joe Biden and for Bernie Sanders, they’ve launched a war on American Energy independence by saying that they’re going to rejoin the Paris climate agreement accorded that, they’re gonna mandate net-zero carbon emissions from homes, offices and all new buildings and get rid of fossil fuels. And It’s like such an extreme plan that, as we know, would be detrimental to the American worker.”

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

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“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.”

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