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Club for Growth: House GOP must fix four serious flaws in Speaker Ryan’s tax bill

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Club for Growth President David M. McIntosh announced Tuesday he has significant reservations about Speaker Paul D. Ryan Jr. (R.-Wis.)’s current tax reform bill now making its way through the House Ways and Means Committee.

“While the corporate tax cut will lead to some increase in our nation’s Gross Domestic Product, the rest of the provisions on individual taxpayers fails the pro-growth test,” McIntosh said.

“Republicans must correct at least four serious shortcomings of the House bill to follow through on campaign promises and to bring our nation closer to a tax reform proposal that is truly pro-growth,” he said.

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“No. 1, the millionaires’ tax rate: House Republicans are engaging in class warfare the likes of which would make Democrats green with envy. Instead of following through with the promise of taking seven brackets and simplifying them to three, Speaker Paul Ryan and Chairman Kevin Brady added in a fourth bracket exclusively for millionaires,” he said. Rep. Kevin Brady (R.-Texas) succeeded Ryan as chairman in the fall of 2015, after Ryan took the speaker’s gavel.

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“No. 2, the 45.6 percent “bubble” phantom tax increase: As The Wall Street Journal noted, some individuals and couples could face up to 45.6 percent marginal rate on earnings between $1.2-1.6 million. That’s a real tax increase on successful people who invest and create jobs,” he said.

“No. 3, pass throughs: Once again, Republicans fail the truth in advertising test here. At first glance, the House GOP bill looks as if it introduces a degree of tax parity for small and family-owned businesses by taxing them at 25 percent. But then there’s a catch, only the first 30 percent of their income will be taxed at the 25 percent rate, the remaining 70 percent is taxed as much as 45.6 percent,” he said.

“The blended, real effective marginal rate is at least 35 percent and can even be higher,” said McIntosh, a former Indiana congressman. “That means no tax cut at all for most small business and family-owned companies.”

McIntosh said he was confused about why Ryan would insist on fourth flaw.

“No. 4, the death tax: Instead of taking this golden opportunity to rid Americans from being taxed even after they’ve died – on assets that they already paid taxes on when living – the House Republican plan waits a full six years before repealing it. Our question is, why wait?” he asked.

“All in all, this bill must be changed if Republicans intend to keep their promise of real pro-growth, job-creating tax cuts.”

Congress

Sen. Josh Hawley Folds? Blames Trump for ‘Inflammatory, Irresponsible, Wrong’ Comments

Hawley is no leader.

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Sen. Josh Hawley (R-MO) has been criticized for leading the GOP’s electoral college objection amidst widespread allegations of voter fraud, and he has responded by throwing former President Donald Trump under the bus.

Hawley issued a statement to oppose the impeachment of Trump following the conclusion of his presidency, which is unprecedented and unlawful, in which he threw Trump under the bus and essentially blamed him for the violence in the U.S. Capitol on Jan. 6.

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In the aftermath of the violence, many left-wing voices accused Hawley of sedition and treason for asking for an investigation into a laundry list of irregularities that have been widely ignored by authorities.

There have even been calls by Democrats to revoke the will of the people by ejecting Hawley from office in order to punish him for drawing attention to voter fraud, as Big League Politics has reported:

Conventional wisdom can often be misleading and at times dangerous if we believe in it too strongly.

Take for example West Virginia Senator Joe Manchin. He is constantly marketed as the Democrats’ most moderate Senator. There is a grain of truth to this. Manchin has publicly stated that he opposes ending the filibuster and has also poured cold water on $2,000 stimulus checks. But that’s where the moderation ends.

Manchin is now saying that the Senate should entertain the idea of expelling Senators Josh Hawley (R-MO) and Ted Cruz (R-TX) by using the 14th Amendment over their recent decision to challenge the Electoral College results.

On PBS’s Firing Line, Manchin said the Senate should look into the option after right-wing activists stormed the Capitol on January 6, 2021. Manchin is of the opinion that President Donald Trump and Senators like Hawley and Cruz “incited” these demonstrators.

“That should be a consideration,” Manchin stated. “He understands that. Ted’s a very bright individual, and I get along fine with Ted, but what he did was totally outside of the realm of our responsibilities or our privileges.”

According to the 14th Amendment, no elected official “shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.”

Hyped up leftist pundits believe that the 14th amendment is applicable to Cruz and Hawley due to how they allegedly “incited” the riot by talking about electoral fraud and pointing out electoral irregularities.

Hawley finally caved under the pressure, and he has shown he is not the man to take the reigns to lead the America First movement after Trump.

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