Biden Democrats have declared war on American small biz
By: Kevin Mc Carthy
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Biden’s war on America, the American people, and our prosperity continues. His mission is to steal from the makers and give to the takers.
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Biden Democrats have declared war on American small biz
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Thousands of America’s small businesses are teetering on the edge of permanent closure, and Democrats in Washington are about to give them one final shove. The result will be the further fraying of our social fabric and the permanent loss of working-class jobs.
Over the last several months, small businesses persevered the best they could, holding on until “temporary” welfare programs driving people away from work expired. But if there were any doubt left that Dems’ ultimate goal wasn’t a temporary boost to Americans most impacted by lockdowns, but rather a calculated step toward government control and socialism , their proposed $4.3 trillion tax-and-spend bill removes it all ($4.3 trillion is the true cost, as we learned in the Budget Committee).
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Walk down any main street or city avenue in America today, and you will see sign after sign with help-wanted pleas, hiring incentives or apologies in advance for shortened hours and delayed service due to staff shortages. There are nearly 11 million job openings nationwide, and our small businesses are trying to get back on their feet after the crushing lockdowns.
But where are the workers? The short answer is that the Biden administration is more interested in handouts that pay more, or just as much, to stay home than going back to work. Since taking office, President Joe Biden and congressional Democrats have prioritized big government over earned pay stubs.
The Democratic tax-and-spend plan won’t solve this problem. The proposal would eliminate the child tax credit as we know it, replacing it with welfare without any work requirement. Republicans believe the family is the foundation of a strong society, which is why we have supported expanding the child tax credit in the past. But we also know work establishes purpose, and there is no government substitute for a job and an earned income.
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By removing a work requirement, the government is putting itself in competition with small businesses. And as the last year has proved, small businesses operating on tight margins are no match for the government printing press or mandate machine.
Another damaging effect of $4.3 trillion of government spending is continued inflation. It’s good for Americans to have more money in their pockets, but that is best achieved through lower taxes, not ill-conceived labor policies and subsidies that render the dollar worthless.
After already passing nearly $2 trillion in spending this year, our economy is running at the highest rate of inflation in 13 years . That means higher prices for everyday goods for families and businesses. This isn’t just an indicator reserved for economists: “Sysco, one of the nation’s biggest food distributors, showed food inflation of 10.2 percent on its most recent quarterly report, increases that are passed along to restaurants and to the restaurants’ customers in turn,” The Washington Post reported.
Moreover, even wage gains for lower-wage workers are negated by these higher consumer costs. A Democratic agenda that artificially boosts demand through government stimulus while curtailing supply through a self-inflicted labor crisis and higher energy costs will only make this situation worse.
Finally, the Democrats are planning the largest tax increase in history . The headliner is the increased corporate tax rate, which will affect all businesses and ultimately their employees. In 2017, Republicans in Congress and then-President Donald Trump slashed the corporate rate to 21 percent, from 35 percent, resulting in the greatest economy we’ve seen in a generation. Jobs and wages increased at historic levels for Americans across the socio-economic spectrum.
Biden and the Democrats’ plan raises the corporate tax rate to 26.5 percent, even further away from a proposed “global minimum tax” of 19 percent that will drive more businesses overseas, further discouraging production and innovation in America.
The Democrats argue that big business can afford to pay more. But aside from their hypocrisy that creates new carve-outs for rich university endowments like Harvard, their plan hurts the little guy. By removing deductions and increasing taxes by nearly 4 percent for business owners that operate as “pass throughs,” the plan puts at risk small businesses that have been struggling since March 2020 — and the new ones created since the pandemic under assumed tax burdens.
As a former small-business owner, I know these conditions aren’t sustainable. Americans don’t deserve to bear the brunt of policies pushed by people in Washington who will never feel the effects of them, and who will receive a healthy paycheck each month no matter what.
The Democrats’ idea of an economic plan is to punish citizens who are producing for our country and working to support their families, while rewarding themselves and others for staying home.
Rep. Kevin McCarthy (R-Calif.) is the House minority leader.
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Read More »??? I thought we were in a war against the unamerican thumper dominionists. are there 2 wars now?
Don't forget about the Republicans' War on the Truth, one of America's forever wars.
It is the Biden regime that wages non stop all out war on the truth, but that is the topic of my other seed. This one is about Biden’s war on small business and the middle and working classes.
Your personal war issues are of no concern here. Biden’s war on employees and employers is the topic here.
Link, please.
Comment 1.2.2 is an example of Republicans' War on the Truth.
Ultimately, the truth will prevail and the Republicans will lose their War on the Truth. As we know, good generally prevails over evil, and that is what will happen here. It won't be easy, but Republican lies are so transparently false that no matter how much they scream, and that is, of course, exactly what they do, their lies are obvious to the overwhelming majority of the American people, who reject and repudiate them.
... and the war on xmas starts in a month.
Have you noticed that the War on Christmas starts earlier and earlier every year? They don't even wait for the War on Thanksgiving or the War on Halloween anymore.
We Republicans are the truth. We are also the good that will prevail over the evil regime and it’s even more vile supporters. The democrats have so overplayed their hand and bluffed so poorly that they are going to lose completely.
Merry Christmas! Thank God for our abundant possessions, family, exceptional nation. Jesus is the reason for the season.
A vile helloween is a month away.
Not in a million years. The Republican Party is the party of lies and fraud. What a hateful, disgusting organization.
The "vile supporters" are, of course, those who supported the evil un-American/anti-American Trump regime. Trumpist-Fascists are among the greatest evil ever to disgrace our country. We real Americans will prevail over that filth.
When was the last time Kevin McCarthy told the unbiased truth?
Never mind, it's a tricky rhetorical question.
Everyone of the articles he’s written is the truth. The truth has a conservative bias.
Kevin McCarthy is a serial liar. Everyone knows it.
To put it correctly, many so-called conservatives are riddled with toxic and unreasonable prejudice and bias.
It’s Pelosi who is the serial liar we all know so well.
it’s the secular progressive left that are mentally challenged by their hate and bias and intolerance beyond all logic or reason.
That exactly describes the feeble-minded, deranged Trumpist-Fascists. Perfectly.
No. You are wrong. It is the Biden regime and it’s supporters/voters who perfectly fit and are what you described. We are not that at all.
Lies have a liberal bias. The truth is a conservative virtue.
We can see why they wage war on business.
Nothing new.
This is just an extension of Obama era rules that hurt small business. He more or less regulated a lot of them right out of business.
Biden will do the same thing and liberals continue to fiddle .....
They/He like Nero started the economic fire first before their music began playing.
The democrat war on small business and family farms is one on the backbone of the American economy.