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Biden Democrats have declared war on American small biz

  
Via:  XXJefferson51  •  4 years ago  •  29 comments

By:   Kevin Mc Carthy

Biden Democrats have declared war on American small biz
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.

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We the People

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.  


S E E D E D   C O N T E N T



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. 

    SEE ALSO




    Rep. McCarthy slams Democrat spending plan as more than cost to win WWII


    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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XXJefferson51
Senior Guide
1  seeder  XXJefferson51    4 years ago
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.

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.

 
 
 
XXJefferson51
Senior Guide
1.1  seeder  XXJefferson51  replied to  XXJefferson51 @1    4 years ago

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A.F. Branco September 29, 2021
0

A.F. Branco Cartoon – Other People’s Money

Democrats are pushing a Huge socialist spending spree disguised as an infrastructure bill. Political cartoon by A.F. Branco ©2021Donations/Tips accepted…

Read More »
 
 
 
devangelical
Professor Principal
1.2  devangelical  replied to  XXJefferson51 @1    4 years ago

??? I thought we were in a war against the unamerican thumper dominionists. are there 2 wars now?

 
 
 
Gsquared
Professor Principal
1.2.1  Gsquared  replied to  devangelical @1.2    4 years ago

Don't forget about the Republicans' War on the Truth, one of America's forever wars.

 
 
 
XXJefferson51
Senior Guide
1.2.2  seeder  XXJefferson51  replied to  Gsquared @1.2.1    4 years ago

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.  

 
 
 
XXJefferson51
Senior Guide
1.2.3  seeder  XXJefferson51  replied to  devangelical @1.2    4 years ago

Your personal war issues are of no concern here.  Biden’s war on employees and employers is the topic here.  

 
 
 
XXJefferson51
Senior Guide
1.2.4  seeder  XXJefferson51  replied to  devangelical @1.2    4 years ago

 
 
 
Sister Mary Agnes Ample Bottom
Professor Guide
1.2.5  Sister Mary Agnes Ample Bottom  replied to  XXJefferson51 @1.2.3    4 years ago
Your personal war issues are of no concern here.

Link, please.

 
 
 
XXJefferson51
Senior Guide
1.2.6  seeder  XXJefferson51  replied to  Sister Mary Agnes Ample Bottom @1.2.5    4 years ago

Democrats Sneak Provision into $3.5T “Infrastructure Bill” That Would Fine Companies Out of Business

by Collin Rugg about 5 hours ago

House Democrats reportedly tried sneaking a provision into their $3.5 trillion “reconciliation” bill that would fine businesses between $70,000 – $700,000 for those who violate Occupational Safety and Health Administration (OSHA) regulations.

“Buried on page 168 of the House Democrats’ 2,465-page mega bill is a tenfold increase in fines for employers that ‘willfully,’ ‘repeatedly,’ or even seriously violate a section of labor law that deals with hazards, death, or serious physical harm to their employees,” Forbes reported Tuesday .

“The increased fines on employers could run as high as $70,000 for serious infractions, and $700,000 for willful or repeated violations—almost three-quarters of a million dollars for each fine,” Forbes noted, adding that if the provision is “enacted into law, vax enforcement could bankrupt non-compliant companies even more quickly than the $14,000 OSHA fine anticipated under Biden’s announced mandate.”

The Biden administration allegedly began pushing for this change over the summer when OSHA “published an emergency Covid-19 rule in the Federal Register taking jurisdiction over and providing justification for Covid-19 being a workplace hazard for healthcare employment.”

Forbes continues:

Early in September, Biden announced his 100-or-more employee Covid-19 vaccine mandate and tasked OSHA with drafting an enforcement rule to exert emergency vaccine compliance authority over companies with 100 or more employees.

The legislative provision that passed the Budget Committee raises the OSHA fines for non-compliance 10 times higher – and up to $700,000 for each “willful” or “repeated” violation. Speaker Nancy Pelosi has not announced when the House will vote on the reconciliation bill that includes the new OSHA fines.

If the legislation is enacted, OSHA could levy draconian fines to enforce Biden’s vaccine mandate, a move that could rapidly bankrupt non-compliant companies. The Biden mandate affects employers collectively employing an estimated 80 million workers .

The Daily Wire adds :

read more:
 
 
 
Gsquared
Professor Principal
1.2.7  Gsquared  replied to  XXJefferson51 @1.2.2    4 years ago

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.

 
 
 
devangelical
Professor Principal
1.2.8  devangelical  replied to  Gsquared @1.2.1    4 years ago

... and the war on xmas starts in a month.

 
 
 
Gsquared
Professor Principal
1.2.9  Gsquared  replied to  devangelical @1.2.8    4 years ago

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.

 
 
 
XXJefferson51
Senior Guide
1.2.10  seeder  XXJefferson51  replied to  Gsquared @1.2.7    4 years ago

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.  

 
 
 
XXJefferson51
Senior Guide
1.2.11  seeder  XXJefferson51  replied to  devangelical @1.2.8    4 years ago

Merry Christmas!  Thank God for our abundant possessions, family, exceptional nation.  Jesus is the reason for the season.  

 
 
 
XXJefferson51
Senior Guide
1.2.12  seeder  XXJefferson51  replied to  Gsquared @1.2.9    4 years ago

A vile helloween is a month away.  

 
 
 
Gsquared
Professor Principal
1.2.13  Gsquared  replied to  XXJefferson51 @1.2.10    4 years ago
We Republicans are the truth.

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.

 
 
 
Split Personality
Professor Guide
2  Split Personality    4 years ago

When was the last time Kevin McCarthy told the unbiased truth?

Never mind,  it's a tricky rhetorical question.

 
 
 
XXJefferson51
Senior Guide
2.1  seeder  XXJefferson51  replied to  Split Personality @2    4 years ago

Everyone of the articles he’s written is the truth.  The truth has a conservative bias.  

 
 
 
Gsquared
Professor Principal
2.1.1  Gsquared  replied to  XXJefferson51 @2.1    4 years ago

Kevin McCarthy is a serial liar.  Everyone knows it.

The truth has a conservative bias.

To put it correctly, many so-called conservatives are riddled with toxic and unreasonable prejudice and bias.

 
 
 
XXJefferson51
Senior Guide
2.1.2  seeder  XXJefferson51  replied to  Gsquared @2.1.1    4 years ago

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.  

 
 
 
Gsquared
Professor Principal
2.1.3  Gsquared  replied to  XXJefferson51 @2.1.2    4 years ago
 mentally challenged

That exactly describes the feeble-minded, deranged Trumpist-Fascists.  Perfectly.

 
 
 
XXJefferson51
Senior Guide
2.1.4  seeder  XXJefferson51  replied to  Gsquared @2.1.3    4 years ago

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. 

 
 
 
XXJefferson51
Senior Guide
2.1.6  seeder  XXJefferson51  replied to  Tessylo @2.1.5    4 years ago

Lies have a liberal bias.  The truth is a conservative virtue.  

 
 
 
XXJefferson51
Senior Guide
3  seeder  XXJefferson51    4 years ago

We can see why they wage war on business.  

Red states leading US economic recovery from the coronavirus pandemic

10 states with the lowest unemployment rates are all led by GOP governors

Megan Henney Published August 20

FOX Business' Lydia Hu breaks down economic recovery data for September and highlights one surprising trend.

States with Republican governors are leading the U.S. economic recovery from the coronavirus pandemic, while those run by Democrats – which tended to impose lengthier and stricter lockdowns on businesses – are faced with significantly higher unemployment rates. 

Labor Department data published last week shows the 10 states with the lowest unemployment rates are all led by GOP governors – while the 10 states with the highest percentage of out-of-work Americans are run by Democratic governors. 

Blue states including Nevada (7.7%), New York (7.6%), New Mexico (7.6%), California (7.6%) and New Jersey (7.3%) had substantially higher unemployment rates than the national average of 5.4% in July, the data shows. By comparison, red states – such as Nebraska (2.3%), Utah (2.6%), New Hampshire (2.9%), South Dakota (2.9%) and Idaho (3%) – were well below the national average.

read more:
 
 
 
Sparty On
Professor Expert
4  Sparty On    4 years ago

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 .....

 
 
 
XXJefferson51
Senior Guide
4.1  seeder  XXJefferson51  replied to  Sparty On @4    4 years ago

They/He  like Nero started the economic fire first before their music began playing.  

 
 
 
XXJefferson51
Senior Guide
5  seeder  XXJefferson51    4 years ago

The democrat war on small business and family farms is one on the backbone of the American economy.  

 
 

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