The Democrats Are Out of Ideas: Check Out Their Revealing Tax Plan

Last updated on: March 12, 2018 at 8:19 pm by Mark Meckler

The Democrats Are Out of Ideas: Check Out Their Revealing Tax Plan 2018-03-12T20:19:18-06:00 Mark Meckler

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Out of ideas, Democrats to run on “higher taxes, but not as high as they were before the Republican Congress and President Donald Trump fought to reduce them.” Uh… what? That’s right. Their platform is that the tax reductions that they all voted against perhaps aren’t quite the Armageddon they pretended they’d be.

Powerline has the details:

The Democrats propose to raise the top personal income tax rate back up to 39.6%, instead of the 37% to which it was reduced under the Trump tax cuts. But the other personal income tax cuts in the Republican package–the “crumbs”–will remain in place. So the Democrats have given up on trying to convince the 80+% of Americans who got a tax cut that they are better off with higher taxes.

The Democrats want to increase the corporate income tax rate from 21% to 25%, not all the way back to 35%, where it was before the Republican cuts. This proposal is an admission that the old tax rate was way too high, and hurt the U.S. economy. So why did the Democrats repeatedly block all efforts to reduce it? They are unwilling even to try to defend the stance they have taken for years in opposing Republican tax plans.

The Democrats also want to increase the estate tax by rolling back the exemption, a “tax the rich” move that is unpopular with voters. And they want to bring back the alternative minimum tax for millions of American families, another unpopular measure.

Got that? How vacuous this party is demonstrating itself to be! Basically, they’re saying that they have no new ideas and will leave the Trump cuts in place. I sincerely hope there are Republican consultants and strategists smart enough to make some great ads out of this.

But I won’t hold my breath.

Hat Tip: Powerline

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