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Pete Buttigieg claims that Biden’s infrastructure plan will be paid for in 15 years by increasing taxes on the rich. I remember years ago from Bill Clinton on how much the federal government was going to make from his newest tax the rich plan. The idea was to place a special tax on things only the rich buy such as yachts. But, at the end of the day, the federal government took in less than they were before the tax was put in place.
The reason is simple. The rich are rich for a reason. They, simply did not as a general rule buy luxury items in the United States. They would buy, say a yacht from another country in order to avoid the taxes. But, the workers who made yachts in the United States were put out of work because no one was buying the American version of these products anymore. A few years later, Democrats quietly revoked the tax, adding it to another bill where it did not receive much notice.
In comments to NPR Thursday, Buttigieg said:
Over the course of that eight-year vision, we are going to be enhancing the roads and bridges of this country. We’re going to be improving our ports and our airports. We’re going to be delivering better transit and better rail. Those are investments whose benefits will last a lifetime and then some, and that eight years of investment is fully paid for across the 15 years of the tax adjustment, which means by year 16, it’s actually going to reduce the deficit.
The way they plan on financing the infrastructure bill is by raising the corporate tax from 21% to 28%. I*t’s not hard to figure out what the net result will be. Companies will just move their manufacturing plants to a country with a much lower corporate tax.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker