Archive for the ‘Taxes’ Category

Mairead McArdle’s article highlights what most people figured out long ago. People figured out that Democrat-run cities and states are hell-holes that are best escaped from. Until cities like Seattle, Portland, Philadelphia and Minneapolis and states like Minnesota, New York, Oregon and Washington are allowed to disintegrate as a result of their progressive policies, they can’t be fixed. They’re simply impossible to fix.

McArdle opened her article by writing “Hundreds of thousands of New Yorkers have fled New York City since the coronavirus pandemic began in the spring, new data from the U.S. Post Office shows. A total of 295,103 city residents requested a change of address between March 1 and October 31, according to U.S. Postal Service data obtained by the New York Post under a Freedom of Information Act request.”

People are leaving New York like they’re selling toxic waste door-to-door. High taxes, higher crime rates and businesses shutting down are key contributors to this exodus. Another contributor is Gov. Cuomo’s lockdown mentality. Apparently, Gov. Cuomo’s side job is killing geese that lay golden eggs.

However, the actual number of New Yorkers who escaped the city this year is much higher than that since a single address change could represent an entire household, and the data from the Post Office does not include the many New Yorkers who have fled without officially changing their address.

This is the classic vicious cycle. Here’s why it’s happening:

New York once was a beautiful metropolis. It isn’t anymore. The chief explanation for the exodus is that NYC isn’t safe. Another explanation is that businesses are getting out of New York because NY’s taxes are too high. There isn’t an incentive to stick around.

Joe Biden is up a paddle without a creek. He’s trying to convince America that we’re doing terribly when we’re actually starting to recover. Trish Regan’s article highlights some of the things that are going right:

For example, unemployment is coming down. Indeed, at 7.9%, it’s about half what people thought it would be at this time. Meanwhile, the economy is expected to log its highest growth in history this quarter, with the Atlanta Fed predicting a gain of 33%. Meanwhile, earnings are coming in strong as shown by both Goldman Sachs today, and JP Morgan Chase yesterday. Couple that with the new rise in small businesses optimism and a new poll from Gallop which shows that 56% of the country says it’s better off NOW than four years ago…and, well, things are increasingly seeming rather GOOD.

The 33% increase in GDP is real but it’s artificial, too. It’s artificial in the sense that it’s up from virtually nothing because of the shutdown. Though Joe Biden disagrees, things are heading in the right direction.

Let’s stick with the economy and see why it’s recovering. Mike Pence’s op-ed provides the right information:

President Trump delivered historic tax cuts and tax reform, majorly rolled back burdensome federal regulations, unleashed America’s energy sector, and fought for free and fair trade. Throughout our first three years, businesses large and small created nearly 7 million jobs, including 500,000 manufacturing jobs. Unemployment rates for African Americans, Asian Americans and Hispanic Americans hit their lowest levels ever, and we achieved the lowest unemployment rate for women in 65 years.

Check this out:

President Trump has put in place policies that created one of the best economies in the past half-century. When Democrats say that we’re going through “a K-shaped recovery”, they’re lying. By Joe Biden’s dishonest definition, a K-shaped recovery means that the rich get richer, the poor get poorer. According to Larry Kudlow, that isn’t happening. Wages are increasing faster for lower wage earners than for white collar income earners.

Vice President Biden doesn’t have a winning message on the economy. That’s why he hasn’t told the truth about it. He’s shifted his story on raising taxes multiple times in recent months. He’s said that he’d eliminate the Trump tax cuts, which included lots of middle class tax cuts. The Trump tax cuts also increased the per child tax credit. That was in his first debate with President Trump. Later in that debate, he said that he’d only raise taxes on those making $400,000 a year. You can’t have it both ways.

One of the things I look for during the Vice Presidential Debate is whether both people are ready to be commander-in-chief if, God forbid, something terrible happens to the president. Tonight, Mike Pence’s mastery of the issues and his calmness even when Sen. Harris criticized left no doubt whether he’d be able to step in and do a great job without missing a beat. That can’t be said of Kamala Harris. She was thrown off often.

On the issue of COVID, Vice President Pence talked about the Obama-Biden administration got everything wrong about the Swine Flu but lucked out because it wasn’t as deadly as COVID. Pence then said that 60,000,000 people got the Swine Flu, not the 7,500,000 who’ve gotten COVID. Pence then finished by saying that had the Swine Flu had been as lethal as COVID is, there would’ve been 2,000,000 deaths, not 210,000:

The other hard shot Vice President Pence landed was when he compared the Biden-Harris plan to the Trump-Pence plan:

Sen. Harris has a tell when she’s pinned down on something. She starts smiling that nervous smile. Then she shakes her head side-to-side like she’s saying no. She did that often after the first segment. As Vice President Pence took command of the debate, Sen. Harris did that at least once per segment.

Sen. Harris did that on tax policy. Sen. Harris especially did that on fracking. Sen. Harris got trapped often on policy, often saying ‘Vice President Biden has been consistent about’ or ‘Vice President Biden has been quite clear’ about a topic where he’d flip-flopped. This was especially true about the Trump tax cuts and fracking.

One thing that became clear throughout the debate was that Sen. Harris is very artificial. When she got ready for one of her pre-rehearsed lines, she’d look into the camera, then started speaking with a bit of a lilt in her voice. Sen. Harris’s pre-rehearsed lines were intended to be kill-shots. None of them had the impact that she’d hoped they would.

Vice President Pence’s training as a radio talk show host shined through. When co-debater Susan Page interrupted, Vice President Pence talked right through her and finished his point. Vice President Pence was a man on a mission and he was focused like a laser. That Page often interrupted him when he ran long didn’t bother him.

Perhaps Pence’s hardest-hitting line was when he criticized Sen. Harris, saying “The fact that you continue to undermine public confidence in a vaccine, if a vaccine emerges during the Trump administration, I think is unconscionable. Senator, I just ask you: Stop playing politics with people’s lives.

Vice President Pence was the only person on that stage that I’d trust to step into the job of commander-in-chief. Sen. Harris simply isn’t ready for that daunting assignment.

Nick Arama’s article highlighted just how fast President Trump was last night. While it’s easy to see last night’s debate as a food-fight, the truth is that President Trump was the substantive winner. Another thing that’s obvious is that Joe Biden will pack the court in a New York minute, along with granting statehood to the District of Columbia and Puerto Rico.

One of the funniest lines of the night came when moderator Chris Wallace said “President Trump, you’re holding large rallies… Vice President Biden, you are holding much smaller events.” Even Wallace laughed when President Trump said “Because nobody will show up. It’s true. Nobody shows up to his rallies.”


Joe knew the attacks on Hunter were coming. Everyone expected that. Still, Joe didn’t have an effective reply:

This won’t help Biden, either:

Joe’s own words: “That’s why I’m going to eliminate the Trump tax cuts.” The “Trump tax cuts” include middle class tax cuts. They didn’t just cut taxes for corporations and capital gains. I’m not certain that Biden understands what he said. Still, this was the most devastating moment of the night for Biden:

Law enforcement unions have totally deserted the Biden-Harris ticket. Totally. This refutes something that Biden said:


Biden attempted to say that he didn’t support AOC’s Green New Deal. That tweet says otherwise.

This Sunday night, Harris Faulkner will host a major special titled “Harris Faulkner Presents: The Fight for America.” Here’s what we’re told about the special: Harris Faulkner Presents: The Fight for America will be hosted by Outnumbered and Outnumbered Overtime anchor Harris Faulkner, and will spotlight discussions surrounding the national conversation about race in America and the path forward for the country, said network officials. Appearing on the special will be Sen. Tim Scott (R-SC), former NFL star Herschel Walker, Fraternal Order of Police Vice President Joe Gamaldi and Dallas Mavericks owner Mark Cuban, as well as Hannity host Sean Hannity and FNC contributors Dr. Alveda King and Gianno Caldwell.

Cuban better bring his A game. He’s supporting Joe Biden so it’s likely that he’ll try defending Joe Biden’s indefensible history on race. If that’s what Cuban’s role is, Faulkner will carve him up like a Thanksgiving Day turkey.

Tim Scott and Gianno Caldwell have the opportunity to become rock stars Sunday night. Sen. Scott is already approaching superstar status with his persistence and good faith decency in crafting police reform legislation. He’s also known for his Opportunity Zones legislation that was part of the Trump/GOP tax cuts. This is more information on Opportunity Zones:

The program provides three forms of deferred capital gains taxes or tax breaks to incentivize patient capital equity investments in Opportunity Funds to seed new business investments, expand existing businesses, or fund real estate development in Opportunity Zones. Other than excluding a few “sin” businesses, investors are relatively unlimited in what they can finance. And the potential pot is huge; over $6 trillion dollars in unrealized capital gains could flow towards these communities from both individual investors and companies.

Opportunity Zones were credited with lowering minority unemployment rates before the virus. Tim Scott does a better job pitching the legislation than the article:

I wouldn’t be surprised if Sen. Scott came out of Sunday night’s special as the biggest star, though I also think that Herschel Walker has a chance to shine, too.

Saying that Democrats have gone wild with their Biden-Sanders economic plan is understatement. The first topic covered in the Biden-Sanders plan is climate change. It might as well have been written by AOC. It’s that radical:

To reach net-zero emissions as rapidly as possible, Democrats commit to eliminating carbon pollution from power plants by 2035 through technology-neutral standards for clean energy and energy efficiency. We will dramatically expand solar and wind energy deployment through community-based and utility-scale systems. Within five years, we will install 500 million solar panels, including eight million solar roofs and community solar energy systems, and 60,000 made-in-America wind turbines.

The first question I’d have is a simple one. Who’s going to pay for this transformation? In the next paragraph, we get the answer:

Democrats believe that any clean energy infrastructure project financed with federal support, including through the tax code, should come with robust wage and labor requirements. We will build a modern electric grid by investing in interstate transmission projects and advanced, 21st century grid technologies to power communities with clean electricity, including federal support to build sustainable and resilient energy grids in rural America and in tribal areas lacking energy infrastructure. We will reduce methane pollution through robust federal standards and targeted support for repairing and replacing aging distribution systems, which will create hundreds of thousands of jobs, including for the same pipefitters, insulators, and other workers who built the systems in the first place and who know best how to protect our communities from methane pollution.

We the People won’t have a vote on this boondoggle other than this November. The Biden-Bernie brothers will decide since they’re our betters. This is radicalism on steroids:

This means the elimination of fossil fuels. How do you think coal miners in Pennsylvania, Ohio and Indiana will feel about that? Also, that’s the end of mining in the United States because they rely on cheap, reliable fossil fuels. The Virginia pipeline has already been cancelled due to uncertainty.

The things I’ve written about were found on the first 3 pages of the Biden-Bernie Unity Document. It’s a 110-page document. I will be going through the rest of the document and posting the highlights over the rest of the week. I suspect this will be a multi-part series.

After Democrat nominee Joe Biden’s faux America First announcement, Chief White House Economic Advisor Larry Kudlow shredded the Democrat’s proposal. Kudlow said “We must, we must not go back to high taxes and high regulations, we must not do that. It defies common sense after this pandemic contraction.”

Typical of Democrats’ tax policy, Biden’s plan is to make US corporations pay the highest tax rate in the world. Couple that with oppressive regulations, especially on the energy industry, and you’d set the economy back a decade or more. Right now, the US is energy independent and energy dominant. The Democrat’s regulations would essentially end fracking, send gas prices and heating prices through the roof and force us to rely on foreign supplies of energy again.

Kudlow continued shredding:

I respect them, and they have a right to do what they’re doing. But Mr. Biden’s going to be raising taxes across the board and then some. He said yesterday or the day before he wants to end something called ‘shareholder capitalism.’ We used to call that the investor class and if you buy for the long run you make a fortune for retirement. He’s opposed to that.

Biden said that he wants to bring medical supply chains home from China, which is the right thing to do. Unfortunately, he’s going about it the wrong way. He’s telling companies to return to the US but then telling them that they’ll get hit with the highest corporate taxes in the world:

This is from the Democrats’/Biden/Sanders plan:

Democrats believe there is a better way. We can and must build a thriving, equitable, and globally competitive clean energy economy that puts workers and communities first and leaves no one behind. We will help rebuild our economy from the COVID-19 pandemic and President Trump’s recession by mobilizing historic, transformative public and private investments to launch a clean energy revolution. We will use federal resources and authorities across all agencies to accelerate development of a clean energy economy and deploy proven clean energy solutions; create millions of family-supporting and union jobs; upgrade and make resilient our energy, water, wastewater, and transportation infrastructure; and develop and manufacture next generation technologies to address the climate crisis right here in the United States. And we will do all this with an eye to equity, access, benefits, and ownership opportunities for frontline communities—because Democrats believe we must embed environmental justice and climate justice at the heart of our policy and governing agenda.

Think Solyndra on steroids. Think taxpayer-funded subsidies for more expensive energy that won’t support the manufacturing industry.

Democrats will also mobilize a diverse new generation of young workers through a corps and cohort challenged to conserve our public lands; deliver new clean energy, including to low income communities and communities of color; and address the changing climate, including through pre-apprenticeship opportunities, joint labor-management registered apprenticeships for training, and direct-hire programs that put good-paying and union jobs within reach for more Americans.

TRANSLATION: Using a government command-and-control model, Democrats will pick winners and losers. Forget market forces determining the efficient distribution of investments. The Joe Biden-Bernie Sanders Democrats think they know what’s best.

By now, everyone living in civilization has heard that the U.S. economy created 4,800,000 jobs in June. Not only that but the unemployment rate dropped from 13.3% to 11.1%. That doesn’t mean that Democrats didn’t try splashing cold water on the report. Pelosi’s statement is classic partisanship:

The early June snapshot in the jobs report, when the economy was opening up too early, does not reflect the coronavirus spiraling out of control, forcing communities that had begun to reopen to close once again.

Unemployment continues to be higher than any previous period since World War II. We have reached 15 straight weeks of more than 1 million Americans applying for unemployment insurance and tens of thousands of new coronavirus cases reported each day, as the critical lifelines that are helping to keep American families and communities above water expire. Economists, scientists and even the Chair of the Fed have indicated that if we don’t deliver the investments in The Heroes Act, we will end up in a worse place economically and health wise.

The economy created 7,500,000 jobs in the last 2 months but Ms. Pelosi insists on accentuating the negative. In fact, she’s lying to make things seem worse than they are. Saying that the coronavirus is “spiraling out of control” is as stupid as when Ms. Pelosi said that “Republicans were trying to get away with murder, George Floyd’s murder”:

What a whack job. Yes, we’re experiencing a spike but we know what we need to do to get that under control. Potentially, that’s a momentary blip because it’s easily fixed. Joe Biden’s tax hikes aren’t a momentary blip. Those would be permanent. The Democrats’ tax policy would certainly push corporations back overseas, which means lower wage growth, lower workforce participation rates, lower consumer confidence and higher unemployment rates for minorities and women.

Speaking of Biden, he apparently couldn’t wait to look stupid:

Biden noted that only a third of the jobs lost in March and April have returned and stressed that “most of those jobs that returned are people on temporary furlough. That means these were the easiest jobs to get back as we reopened cities and states. It’s only going to get harder from here though.”

Nobody thought that we’d get all 40,000,000 jobs back in a month, Joe. The whole point of the PPP was to make sure small businesses could ramp back up the minute we got past the hardest part of the virus. If that’s the criteria, then the PPP, which Nancy Pelosi delayed twice in her attempt to get a few extra items on the Democrats’ wish list, is a huge success.

That bill wasn’t put together by Joe Biden, Nancy Pelosi or Chuck Schumer. The PPP was put together by people like Steve Mnuchin, Peter Navarro, Mike Pence, Chuck Grassley and Mitch McConnell. If Biden is elected, only Grassley would be there to put together economic packages that actually work.

Do we really want to return to the Obama-Biden days of shipping jobs overseas? Shouldn’t we prefer the great pre-COVID Trump economy over the 8 years of lackluster economic growth of the Obama-Biden economy?

On August 19, 2016, then-candidate Donald Trump asked African-Americans “what do you have to lose” in voting for him. Back then, then-candidate Trump could only suggest that he could implement policies that would make life better for African-Americans. This year, it isn’t a theoretical ‘what if’ question anymore. This time, African-Americans can figure out for themselves what they have to lose.

For African-Americans living in Minneapolis, they know what they’ve already lost. They’ve lost neighborhoods. They’ve lost their businesses, which were, essentially, their retirement accounts. They’ve lost their life savings and their livelihoods. Contrary to Boy Toy Mayor Jacob Frey’s declaration that these things were just “bricks and mortar”, they were so much more than that. They were their communities. Literally, this meant everything to them. The people who owned property that got destroyed will likely move out. With the DFL ‘leaders’, a joke if I’ve ever heard one, promising (threatening?) to dismantle the Minneapolis Police Department, aka MPD, why would people stay? This is what they watched during the early part of the rioting:

This is candidate Trump’s initial appeal to African-Americans:

The last line in the sentence is especially powerful:

“America must reject the bigotry of Hillary Clinton, who sees people of color only as votes, not as human beings worthy of a better future.”

Just 4 years later, African-Americans earn more, are employed in greater numbers and percentages, and face a brighter future thanks Sen. Tim Scott’s Opportunity Zones legislation. Also during the first 4 years of the Trump presidency, President Trump signed legislation that permanently funded HBCUs, aka Historically Black Colleges and Universities. Between those 2 pieces of legislation, President Trump signed prison reform to undo the mass incarceration of African-Americans.

To the African-American community, if you want a future, it isn’t with the Democrats. They’re part of the racist past. Democrats are the party of the KKK and Jim Crow and now, the party that let your cities burn without attempting to protect your neighborhoods, your pharmacies or your police department. Republicans are the party of Abraham Lincoln, the Emancipation Proclamation and the party of Abolitionists.

Now that you have a lengthy list of comparisons, it’s time for you to decide. Do you want to be taken for granted? If you say yes, then vote Democrat again. If you want to have a bright future, vote for Republicans up and down the ticket.

Powerline’s Scott Johnson has done fantastic work asking questions that the Strib reporters won’t ask. Scott started by highlighting how the reporters didn’t question the model Gov. Walz is using to justify the shutdown. This morning’s post highlights the fact that “the death toll attributed to COVID-19 by the Minnesota authorities ramped up to 79” and that over “two-thirds of the 79 have died in nursing homes or assisted-care living facilities.”

This table shows some of the types of pre-existing conditions decedents had at the time of death:

With the vast majority of Minnesota being rural where they’ve practiced social distancing from the day they were born for multiple generations, why did Gov. Walz opt to shut the entire state down? Why didn’t Gov. Walz opt to trust Minnesotans that they’d make smart decisions if given the CDC guidelines on how to reduce risk of COVID infection? Does Gov. Walz think that Minnesotans aren’t responsive enough to make the proper adjustments?

Daily, President Trump talks about how extraordinary the American people have been throughout this crisis with their social distancing. Does Gov. Walz think that Minnesotans wouldn’t do what the CDC tells them to do? South Dakota’s Kristi Noem didn’t shut the state’s economy down. Instead, she gave the people the information they needed, then let them make good decisions.

The Washington Post tried smearing Noem when there was a COVID outbreak at a meat-packing plant. The media wing of the Democrat Party didn’t include this in their smear:

First of all, the Sioux Falls facility is massive. It has 3,700 employees, of whom fewer than 10% have tested positive for COVID-19. The Sioux Falls facility is one of the main pork producers in the U.S., turning out around 18 million servings of bacon, pork chops, etc., per day. You may wonder, why were so many diagnostic tests performed on employees at that plant? The answer is that Smithfield implemented an aggressive program, in partnership with two major hospital systems, whereby anyone who entered or left the facility was questioned and had his or her temperature taken. Anyone who reported having a cough, etc., or who showed an elevated temperature was tested for COVID-19.

Moreover, the Post article conveyed the impression that the Smithfield plant might become a ghost facility, closed forever due to South Dakota’s failure to elect a Democratic governor. In fact, the plant will reopen in a matter of days.

It sounds like South Dakotans (and South Dakota corporations) want to do the right thing. Will miracles never cease? How can that be? The gospel according to Democrats is that corporations are evil and greedy. Apparently, I shouldn’t take stock in the Democrats’ gospel. Then there’s this:

Smithfield has instituted a series of stringent and detailed processes and protocols that follow the strict guidance of the Centers for Disease Control and Prevention (CDC) to effectively manage COVID-19 cases in its operations. These include mandatory 14-day COVID-19 related quarantines with pay as an uncompromising effort to protect its dedicated employees. The company has also relaxed attendance policies to eliminate any punitive effect for missing work due to COVID-19 diagnosis or quarantine. In addition, Smithfield is taking many measures to minimize its team members’ risks of contracting COVID-19. These include adding extra hand sanitizing stations, boosting personal protective equipment, continuing to stress the importance of personal hygiene, enhancing cleaning and disinfection, expanding employee health benefits, implementing thermal scanning, increasing social distancing, installing plexiglass and other physical barriers and restricting all nonessential visitors.

Smithfield took the proper steps to limit the spread, going so far as to relax attendance policies and paying people while they’re quarantined. Smithfield can do that because South Dakota’s taxes are lower.

Gov. Walz and the DFL, hear this. It’s time to open Minnesota’s economy immediately. First, Gov. Walz and the DFL hid behind the U of M model as an excuse. Thanks to Powerlineblog’s great work, the DFL can’t do that anymore. It’s more than possible to operate efficiently and safely in a COVID environment. The DFL needs to either prepare to open the economy up or face a voter backlash this November. If anyone at DFL headquarters thinks that this is playing well with voters, they’re kidding themselves.