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Speaker Ryan dismisses ruse by high-tax state Democrats to treat taxes like charity contributions

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In a free-wheeling interview on C-SPAN, Speaker of the House Paul D. Ryan Jr. (R.-Wis.) debuting Friday, the Wisconsin Republican said he did not treat seriously the attempts by Democrats in high-tax states, such as New York, New Jersey and California, to reclassify state and local taxes as charitable contributions.

The Tax Cut and Jobs Act, signed by President Donald J.Trump signed Dec. 22 after 275 amendment proposed and 29 separate roll call votes in the House and Senate capped the amount of state and local taxes that a tax filer is allowed to deduct from their federal taxable income at $10,000.

“I don’t think that will work anyway,” said Ryan, who was briefly the chairman of the House Ways and Means Committee, the panel with jurisdiction over the tax code, before taking the gavel Oct. 29, 2015.

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“That’s just not going to work,” he said. “I can’t imagine the Treasury and IRS are going to even let that happen.”

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The speaker said he had no plans for a legislative retort to the efforts in high-tax states.

Watch this excerpt from the Speaker Paul D. Ryan Jr. (R.-Wis.) with C-SPAN:

New Jersey Democrat Rep. Joshua S. Gottheimer, a former speechwriter for President William J. Clinton, has proposed that wealthy Garden State residents be allowed to voluntarily make the contributions that would be tax-deductible.

New Jersey Gov. Phillip D. Murphy has proposed his own similar scheme.

In California, state and local taxes would be treated as contributions to the California Excellence Fund.

Although Trump is knocked for his superlatives, in this bill, he did outdo President Ronald W. Reagan in regards to the deductibility of state and local taxes. In Reagan’s massive 1986 tax reform bill, he and Capitol Hill conservatives tried to eliminate the deduction altogether, but it was saved by the valiant efforts of Gov. Mario M. Cuomo.

For conservatives, the problem with the SALT deductions is how they shift the burden of taxes in high-tax states to the U.S. Treasury and in effect have Americans in low-states subsidizing that burden in those high-tax states.

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming have no state income tax at all.

Of the top 10 states with tax filers claiming the highest SALT deductions–all 10 voted for Hillary R. Clinton.

 

 

 

 

 

 

Big League Economics

VIDEO: A Tired-Looking Hillary Clinton Shills for ‘The Great Reset’ Agenda at Globalist Forum

Did she run out of adrenochrome or something?

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A recently recorded video of failed presidential candidate Hillary Clinton, who looks like she missed her most recent appointment for a fetal-cell spine injection, shows the two-time loser shilling for “The Great Reset” agenda.

Although Clinton does not mention “The Great Reset” by name, she endorses the technocratic socialist agenda that is obscured by the term.

“We’re going to have to take a hard look at how we can better frame how the markets work so that we begin to move away from the shareholder-centric approach, from the short-term returns that practically every business CEO that I’ve ever worked with, or talked with, has said, you know, distorts the market,” a demonic-looking Clinton said at the 2020 New Economy Forum hosted by Bloomberg.

“I think it’s time to look at what can make capitalism market operations work much more effectively and, frankly, equally to help build a real economy by shifting some of the incentives and assumptions that have grown into the system over the last fifty years,” the ghoulish former secretary of state added.

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Her clip can be seen here:

Big League Politics has reported on the many globalist operatives who are endorsing the Great Reset as a way to permanently transform society while the world is gripped with mass hysteria over the COVID-19 scamdemic and destabilized due to media-promoted race riots and migrant invasions:

A leading globalist elite closely associated with the World Economic Forum has openly predicted that the world will never return to a sense of normalcy that existed prior to the coronavirus pandemic. Klaus Schwab made the concerning claim in his new book, “The Great Reset.”

“Many of us are pondering when things will return to normal,” wrote Schwab in The Great Reset. “The short response is: never. Nothing will ever return to the ‘broken’ sense of normalcy that prevailed prior to the crisis because the coronavirus pandemic marks a fundamental inflection point in our global trajectory.”

Schwab went on to predict that human history would be differentiated between an era before the pandemic and what comes after. He likened the historical event of the coronavirus pandemic to the birth of Christ, a peculiar slight to Christians who view the life of Jesus as an event quite unlike the spread of a disease.

“Radical changes of such consequence are coming that some pundits have referred to as ‘before coronavirus’ (BC) and ‘after coronavirus’ (AC) era. We will continue to be surprised by both the rapidity and unexpected nature of these changes – as they conflate with each other, they will provoke second-, third-, fourth- and more-order consequences, cascading effects and unforeseen outcomes,” writes Schwab.

In addition to being a longstanding patron of the globalist WEF’s yearly Davos gatherings, Schwab was a steering committee member of the Bilderberg Meetings. He was listed as an “international” member of the Bilderberg group’s executives, despite being a German national.

Managerial elites have spoken in open terms about their plans to redistribute the private property of average people to megacorporations and governments, compel the public to eat insects as a replacement for meat, and to gradually eliminate the use of personal automobiles.

Schwab staked out his vision of digitized corporate dominance of society in a recent speech given to the World Economic Forum.

If the vote steal against President Donald Trump is not overturned, the world is looking at a thousand years of darkness with all of these satanic elites on the same page ready to put the boot around humanity’s neck forever.

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