Big League Economics
Americans for Tax Reform Director: GOP Tax Plan is Big Win for Middle Class
The director of tax policy at a nonprofit group that works to support limited government wrote a strong op-ed asserting that the middle class will be the big winners in the new GOP tax plan.
Alex Hendrie, the director of tax policy at Americans for Tax Reform, wrote in a piece for The Hill that “the unified Republican tax reform framework released last month cuts taxes and increases take-home pay for the middle class while simplifying the code for millions of American families.”
Hendrie points out that the new framework will cut the current seven tax brackets down to three, 12 percent, 25 percent and 35 percent, and that a rate reduction will be given to all. The plan will also double the standard deductions of $24,000 for families and $12,000 for individuals — creating a significant tax deduction for millions of people.
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“This reform represents drastic rate reduction for the 105 million Americans across the country who took the standard deduction in 2015, according to IRS data. More than seven million taxpayers in Florida, nine million taxpayers in Texas, and three million in Michigan and North Carolina benefit from this tax reduction. These numbers also understate the number of taxpayers who will benefit as the increased standard deduction becomes more attractive for taxpayers,” Hendrie explained.
Additionally, the GOP reform plan will also expand the child tax credit — which will ease the burden on approximately 22 million families throughout the United States.
“Similarly, the repeal of the AMT gives tax relief to almost 4.5 million American families that paid the tax in 2015. More than half a million taxpayers in New York, 250,000 taxpayers in Texas and 166,000 taxpayers in Pennsylvania are hit by the AMT,” the tax expert wrote.
The author used these numbers to challenge liberal groups that have been attacking the plan and claiming that it will not benefit American families. Hendrie specifically took aim at the left-wing Tax Policy Center, who has claimed that middle-class families will see little if any tax relief and many will face a tax increase — blasting them for failing to use any kind of dynamic scoring in its analysis.
“By any measure, the middle class is the winner of this tax reform plan. Under the unified framework released last month, American families will see tax cuts, tax simplification, new or better jobs, and more take-home pay,” Hendrie concluded.
Big League Economics
Goldman Sachs Claims Forcing Americans to Wear Masks Would Save U.S. Economy $1 Trillion
Multinational corporations want Americans to submit to the virus regime.
Corporate titan Goldman Sachs has produced research that contends the U.S. economy would save five percent of GDP, or $1 trillion, due to a national mask mandate using federal force to make people wear masks.
“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.
Goldman’s analysts claim that forcing people to wear masks at the federal level would impact states like Florida and Texas, where masks are not mandatory, and “meaningfully” increase mask usage nationwide. Even though the mandate would be grossly unconstitutional, Goldman apparently believes that the ends justify the means.
They estimate that a mask mandate would increase mask usage overall by 15 percent and cut the daily growth of new coronavirus cases by between .6% and 1%. Goldman is fueling the false dichotomy where the public must to accept either a strict mask mandate or a Draconian shutdown of society. They claim that the next lockdown would take an additional $1 trillion out of the economy.
Former Vice President Joe Biden, who is attempting to unseat President Trump in November, has stated that he would use federal power to force Americans to wear masks.
“Yes, I would—from an executive standpoint, yes, I would . . . I would do everything possible to make it a requirement that people had to wear masks in public,” Biden mumbled last week.
The stage has been set for round two of the coronavirus panic to cripple society, even though the establishment has been encouraging Black Lives Matter pogroms against white people simultaneously.
Big League Politics has reported on the so-called experts as they have kept the fear propaganda going despite the immense hypocrisy:
The Centers for Disease Control and Prevention (CDC) are continuing their fear-mongering about the coronavirus pandemic, desperately trying to dissuade Americans from living their lives.
“Right now, communities are experiencing different levels of transmission occurring, as they gradually ease up onto the community mitigation efforts and gradually reopen,” the CDC’s deputy director for infectious diseases, Jay Butler, said to reporters during a press briefing on Friday.
“If cases begin to go up again, particularly if they go up dramatically, it’s important to recognize that more mitigation efforts such as what were implemented back in March may be needed again,” he added.
Butler emphasized that the “pandemic is not over” and urged localities to re-institute Draconian shutdown policies based on “what is happening within the community regarding disease transmission.”
The CDC has displayed an extreme amount of incompetence throughout the pandemic, which has destroyed their credibility and made them into a national laughingstock.
The establishment will never allow normalcy to return. The Orwellian nightmare, enabled by COVID-19 hysteria, is here to stay.
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