BIDEN PROPOSED $4 TRILLION TAX INCREASE!

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“Joe Biden (D) is the proverbial crazy uncle families keep in the attic, away from view. Now he has been unleashed by the Democrat Party as the presumptive presidential candidate, and his economic agenda is truly frightening,” said Jim Tobin, economist and president of Taxpayers United of America (TUA).

“Uncle Joe may not always know what planet he is on, but he knows where the money is, and he plans to assail the hard-earned capital of workers and corporations, including small businesses that are hanging on by a thread during this punishing coronavirus lockdown.”

“Biden has released his so-called Buy America Plan, which in fact is a scheme to raise taxes by almost $4 trillion, according to Issue #69 of the Committee to Unleash Prosperity.”

“According to the report, ‘No tax agenda in modern history would do more to chase jobs and investment out of the United States than this sock it to the rich sophistry. It reverses virtually every tax cut under the Trump law, which gave us the lowest unemployment rate and highest income gains in 30 years, a surge in wealth and stock values, and attracted nearly $1 trillion of foreign capital to the United States.’ Biden’s plan would erase forty years of pro-growth progress in reducing tax rates.”

The report states that “Instead of lowering rates and eliminating tax loopholes, it raises tax rates to above 50% while carving out massive new tax loopholes (for example for green energy) for favored industries of Biden’s friends and financial supporters. It is a tax plan that will make tax accountants and Washington lobbyists rich.”

Biden’s new buddy, socialist Bernie Sanders, helped write the plan, calling it “most progressive tax plan since FDR.”

“Actually it’s worse than that,” said Tobin. “Let’s speak plain English and call Biden for what he is: not a ‘moderate’ but a left-wing fool whose strings are being pulled by the most radical wing of the Democrat Party.”

Source: https://mailchi.mp/d3524f87bd69/unleash-prosperity-hotline-731733?e=326efb7454

FRESH AIR, NOT LOCKDOWNS FOR ILLINOIS!

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“Instead of lockdowns that cripple local economies and cause rapid spread of coronavirus due to crowded, poorly ventilated buildings, more research points to getting people outside and ending lockdowns,” said Jim Tobin, economist and president of Taxpayers United of Illinois (TUA).

“The corrupt and inept Illinois Governor, Jay Robert ‘J. B.’ Pritzker, is destroying the state’s fragile economy with his Soviet-style lockdown. He could learn a few things by looking at the report, Unleash Prosperity Hotline Issue #61, which points out in ‘Health Lesson from Japan’ that one of the mysteries of coronavirus is why Japan has been almost entirely immune from a disease that began in Asia.”

According to the report, “There are few more densely populated cities than Tokyo and Japan has an aging population. Yet this country with 126 million people has suffered less than 1,000 deaths. This is a death rate less than one-tenth ours. What have they done right?” The report’s conclusions:

  • There were no economic lockdowns.
  • The Japanese understood from the start that nearly all of the significant transmission events appear to be inside, typically in poorly ventilated spaces. This insight was part of the Japanese “3 Cs” strategy that saw less than a thousand total deaths in the whole country — with no lockdown.
  • An article in Science suggested that about 80% of people with coronavirus infect exactly zero others. Almost all the transmission comes from super spread events. “Probably about 10% of cases lead to 80% of the spread,” according to the London School of Hygiene & Tropical Medicine.
  • There are three simple and costless ways to reduce the risk of illness from coronavirus. 1) Get outside. 2) Open the windows. 3) For businesses and schools without windows to open, we need to think about how to significantly increase ventilation in their indoor spaces.

“Like so many other Democrat politicians, Pritzker is lacking in common sense as he pursues a left-wing agenda that is crippling the Illinois economy. Get fresh air into work spaces, and open them up for business!” said Tobin.

Source: https://mailchi.mp/2dc4bf98ad1e/unleash-prosperity-hotline-722861?e=326efb7454

BLUE STATES HEAD TOWARD DEPRESSION

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Blue states are losing jobs at a record pace and red states are gaining on them, according to a report published by the Committee to Unleash Prosperity. New Dept. of Labor employment data show that “America is on two divergent paths.”

Nine of ten states with unemployment rates above 15 percent in May are states with Democrat governors: Nevada, Hawaii, Michigan, California, Rhode Island, Delaware, Illinois, New Jersey, and Washington.

“It’s no surprise that the six states with the lowest unemployment rates are all ‘red’ states,” said Jim Tobin, economist and president of Taxpayers United of Illinois (TUA). “Illinois, which has had its economy stifled by the Soviet-style lockdown of Democrat Governor Jay Robert ‘J. B.’ Pritzker, had an unemployment rate in May of 15.2 percent.”

“The report shows that the recession in Illinois is not a ‘coronavirus recession.’ It is a blue state lockdown recession.”

“It is shocking that the Democrat-run blue states not only have the highest unemployment figures, but that these states generally have had the highest death rates and the highest nursing home fatalities.”

“As the report put it so well, the blue states have not only failed to keep their citizens safe, they’ve ruined their economies as well,” said Tobin.

Source: https://www.documentcloud.org/documents/6953815-Stephen-Moore-Unleash-Prosperity-Hotline-56.html