Democrats Unveil their Tax Increase Plan in the House | Schaftlein Report
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Guest: Richard Battle – Multi Award-Winning Author – Speaker – Advisor ( RichardBattle.com )
Topics:
1) Tax Increase plan:
Raise the corporate rate from 21% to 25.6, but less than Biden’s plan of 28%
Increase Capital Gains from 20% to 25%
Increase income tax top rate from 37 to 39.6%
3% Surcharge on Incomes over 5.0M
Goldman Sachs say tax increases are biggest threat to the economy
80% of Americans OPPOSE the tax hikes
2) State Sovereign rights versus Federal rights:
Texas Border Wall $1.8B
Texas Voting Rights Bill
Texas Heartbeat Bill – AOC and liberal Democrats push to end filibuster and expand the Supreme Court
3) Biden approval at 42% disapproval at 50% – Democratic Pollster Doug Schoen predicts a route in 2022
4) Inflation running much hotter than expected – Kroger warns of price increases
5) Crime continues unabated in blue cities – 60 shot in Chicago
6) CA recall vote is Tuesday
7) Secretary of State Blinken to be grilled by Senate panel on Afghanistan fiasco
Democrats Unveil their Tax Increase Plan in the House | Schaftlein Report
