Senate Democrats after after your money again. The Senate Democrats aim to repeal parts of the GOP tax bill and raise everyone's taxes. The Dems are looking to raise the corporate tax to 25%, while the GOP tax bill just passed lowered it from 35% to 21%.
Remember, not a singnle Democrat voted for the GOP tax reform in December. It was a totally partisan vote.
Per Daily Wire:
As The Wall Street Journal reports, Democrats claimed their tax-raising proposals would generate more investment for infrastructure; Sen. Ron Wyden (D-OR), the top Democrat on the Senate Finance Committee, stated, “They are out scrounging around looking under the sofas trying to find some spare change in order to pay for our infrastructure. We are closing specific and major loopholes.”
Senate Minority Leader Chuck Schumer (D-NY), indicated that the Democrats plan to use the tax plan as a cudgel against the GOP in the 2018 elections, gloating, “The contrast between tax cuts for the wealthiest people as opposed to middle-class jobs is one that we will forcefully advocate in the fall.”
Senate Majority Leader Mitch McConnell (R-KY) laughed off the Democrats’ proposals, asserting, “Repeal all these bonuses, pay raises, new jobs, and new investments? Talk about a nonstarter.”
The Democrats may well be barking up the wrong tree; support for the tax bill among Americans rose to 46% in January; by the end of February it had risen to 51%. Disapproval plunged from 57% in December to 45% at the end of February.
Is it any surprise at all that the left wants to raise taxes? The approval rating of the tax bill shows that the public approves of the tax reform, but that's common sense isn't it? Who doesn't want their taxes cut? Despite this, the left continues to push more taxes and more government on the population.
Check out the responses from Twitter:
The #Senate Democrats' plan to "pay for" their trillion dollar spending plan is to...wait for it...repeal #TaxReform that is giving millions of Americans bonuses, higher wages, and new jobs. pic.twitter.com/BGeVItmSx2
— Leader McConnell (@SenateMajLdr) March 7, 2018
Great News→ With recent announcements by utility companies in Georgia and New Jersey, more than 82 million customers in 41 states will start to see lower utility bills because of #TaxReform. pic.twitter.com/iLB3m4IKeG
— Paul Ryan (@SpeakerRyan) March 7, 2018
@SpeakerRyan: millions people are getting bonuses.
More people working.
Unemployment rate hit the lowest in 49 years.#TaxReform
Job creation. Higher wages.
Treasury Department issued notice to businesses: change witholdings. More people see more money in their paychecks.
— Arthur C. Schaper (@ArthurCSchaper) March 7, 2018