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https://www.foxbusiness.com/politics/democrats-3-5t-reconciliation-bill-woke-handouts-grover-norquist

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OPINION Published September 22

Grover Norquist: Democrats' $3.5T reconciliation bill's top 10 woke handouts

Here are 10 simply embarrassing examples of corporate welfare, cronyism and corrupt political payoffs

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By Grover Norquist FOXBusiness

America cannot afford $3.5T spending plan, US will be in debt: Rep. Young Kim

Rep. Young Kim, R-Calif., argues the House Senate needs to create a ‘responsible resolution’ for the spending plan.

Democrats are trying to impose on American taxpayers the largest tax increase since 1968. Their legislation raises taxes on small businesses and would leave the U.S. with a higher capital gains tax than communist China and a higher corporate tax than all of our economic competitors.

Their plan would be the biggest tax hike in 53 years, just as the country tries to recover from a once-in-a-century pandemic.

Rep. James Comer, R-Ky., discusses the Democrats' spending as the debt ceiling deadline looms and Hunter Biden's pricey art sales.video]

Democrats attempt to tie debt limit to $3.5T spending package

The Democrats have also loaded up the bill with many "woke" handouts they would prefer you didn’t notice. Below is a top ten list of the most perplexing items.

1. $3.5 billion for the Green New Deal youth patrol: A make-work program for jobless climate activists

At a time when small businesses cannot find willing workers, the Democrat bill shovels $3.5 billion of your money so DC bureaucrats can create something called the "Civilian Climate Corps" – a make-work program for young climate activists.

REPORT FROM ANTI-TAX GROUP WARNS THAT $3.5 TRILLION SPENDING PLAN WOULD HIT ECONOMIC OUTPUT, HURT SAVINGS

Instead of getting a real job, these Green New Deal hall monitors will be deployed across the country to engage in unspecified "green" actions. One stated aim is boosting enrollees’ "outdoor recreation."

Fox News congressional correspondent Chad Pergram has the latest on the spending bill on 'Cavuto: Coast to Coast'video

Democrat Party divided ahead of vote on $3.5 trillion spending bill

Perhaps they’ll knock on your door with a clipboard and tell you to put on a sweater instead of heating your home adequately.

The climate brigade youths will receive taxpayer-funded lodging, transportation, and healthcare, possibly even uniforms.

The Democrats even want to make sure they are unionized. Perhaps not by coincidence these union dues would find their way into the coffers of Democrat congressional campaigns.

REPORT FROM ANTI-TAX GROUP WARNS THAT $3.5 TRILLION SPENDING PLAN WOULD HIT ECONOMIC OUTPUT, HURT SAVINGS

2. Fake news tax handout for reporters at "local" newspapers with up to 750 employees

The proposal creates a tax credit for "local newspapers" with up to 750 employees – a largely left-of-center group of workers.

It gives a payroll tax credit for journalists of up to $12,500 in wages per employee per quarter.

This reporter tax carve-out amounts to $1.3 billion. The vast majority of newspapers in the country have fewer than 750 employees, so this will shovel money to long-established daily newspapers as well as weekly left-wing "alternative" papers.

Imagine the outrage if Republicans tried to enact a special tax cut only for talk radio hosts.

CONSERVATIVE GROUP LAUNCHES MULTI-MILLION DOLLARS PUSH TO DETAIL DEMS' $3.5 TRILLION SPENDING PLAN

Tax credit for $8,000 "Electric Bicycles"

The bill creates a 15 percent refundable tax credit for "electric bicycles." A credit of up to $1,500 for electric bicycles costing as much as $8,000 per bike.

As a reminder, a tax credit is a dollar-for-dollar reduction in your tax liability. The Joint Committee on Taxation estimates that this provision alone amounts to $7.4 billion.

If you are a "local reporter" and in the market for an "e-bike" this is your lucky day.

4. Solar Subsidies to "Promote Environmental Justice"

This provision gives solar tax credits to select areas to "promote environmental justice" wherein "the Secretary makes an allocation of environmental justice solar capacity limitation."

CLICK HERE FOR THE LATEST FOX BUSINESS REPORTING ON THE DEMOCRATS' MASSIVE SPENDING BILL

Tax breaks for elite, well-funded private universities

The bill would reduce, potentially down to zero, the excise tax on investment income of private colleges and universities depending on the amount of financial aid they offer their students. Notably, universities who can provide a lot of grants and scholarships are typically universities with the largest endowments, such as Harvard and Yale.

This adds up to another $2.3 billion.

Tax credit for "Environmental Justice" programs

A $1 billion refundable tax credit for university "environmental justice programs."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

$10 billion "Green Workforce" tax credit

Democrats allocate $10 billion in a section titled "Investment in the Green Workforce. This contains several niche credits including $400 million for "green" projects in "automotive communities." Automotive communities are defined as communities that have "experienced major job losses in the automotive manufacturing sector" – likely from big-government policies.

8. $15 billion for "Green" doors and windows

The bill would replace a $500 lifetime cap on nonbusiness energy property credits with an annual $1,200 credit. This credit allows up to $600 in credits for "energy efficient" windows and skylights and up to $500 for doors.

CLICK HERE TO READ MORE ON FOX BUSINESS

9.Big Labor tax break

Union bosses could more easily raise membership costs as the cost will be partially hidden by a new above-the-line deduction for up to $250 in "dues" to a labor organization. These dues would again find their way right back to Democrat political campaign coffers in order to elect more Democrats who will grow the size of the DC bureaucracy. Rinse, repeat.

Tax credit for contributions to university "research infrastructure projects"

Democrats are creating a credit for contributions to public universities’ "research infrastructure projects."

Much of the Democrat tax plan (higher business taxes) would slow growth and make us uncompetitive with China and Europe. The items above are simply embarrassing examples of corporate welfare, cronyism and corrupt political payoffs creeping back into the U.S. tax code. Chicago-style politics playing with billions rather than millions.

Grover Norquist is president of Americans for Tax Reform.

ref open ltr

https://www.atr.org/sites/default/files/assets/9-9-21%20Coalition%20Letter%20Opposed%20to%20Dem%20Tax%20Hikes.pdf

12 pp pdf

September 9

, 2021

Dear Chairman Neal, Ranking Member Brady, and

Members of the Ways and Means Committee:

As your committee begins marking up the $3.5 trillion

reckless tax-and spend reconciliation proposal, we write

in opposition to any effort to raise taxes on American

families and businesses.

It is expected that the reconciliation legislation will include

countless tax increases totaling trillions of dollars. Some of

the tax increases that have been publicly floated include:

• Raising the corporate tax rate to 25 percent or 28

percent, a rate higher than Communist China

• Doubling the capital gains tax to 43.4 percent

• Raising the top rate to 39.6 percent

• Creating a second death tax by eliminating step-upin basis

• 95 percent excise tax on pharmaceutical

manufacturers if they fail to accept government set

price controls

• Repealing the deduction for foreign-derived

intangible income

• Raising taxes on carried interest capital gains

• Raising the tax rate on GILTI to a top rate of 26.25

percent and requiring it to be calculated on a

country-by-country basis

• Imposing a 15 percent minimum tax on book

income

• Retroactively capping the conservation easement

deduction

• Repealing numerous oil and gas tax provisions

including the deduction for intangible drilling costs

(IDCs)

• A tax on American energy manufacturers based on

their methane production

• A carbon border tax

• Capping Section 1031 like-kind exchanges

Supporters of the $3.5 trillion reconciliation bill, like selfavowed socialist Bernie Sanders claim that the tax ...

increases will be paid by billionaires “who don't pay a nickel in federal income taxes … (and) large corporations that make billions in profit, and in some years do not pay a penny in federal income taxes.” This claim is false. Millions of small businesses will see higher taxes through the increase in the corporate tax and the top marginal income tax rate. In addition, the plan to repeal step-up in basis will raise taxes on family-owned businesses across the country. Democrats have also floated retroactive tax increases on the American people. For instance, the Biden budget calls for retroactively increasing the capital gains tax. This is a terrible idea – retroactive tax policy changes the rules on taxpayers after the fact. It is fundamentally unfair and erodes confidence in the tax system. Many of the tax hikes being pushed by the administration violate President Biden’s pledge not to raise taxes on any American earning less than $400,000 per year. A recent analysis by the left-of-center Tax Policy Center found that the tax hikes proposed in President Biden’s budget will raise taxes on 74.1 percent of middle income-quintile households in 2022. In addition, a report by the Joint Committee on Taxation found that over the long-term, approximately $100 billion of the corporate tax increase would be borne by taxpayers making less than $100,000. Now is one of the worst times to raise taxes on American families and businesses. We are still over five million jobs short of pre-pandemic levels. In addition, inflation is running rampant and increasing prices for families and businesses across the country. Rather than pushing tax increases on American families and businesses, we urge you to push policies that promote economic growth so that the economy can recover and grow.

Sincerely, Grover Norquist President, Americans for Tax Reform

Ryan Ellis

President, Center for a Free Economy

David McIntosh

President, The Club for Growth

Brandon Arnold

Executive Vice President, National Taxpayers Union

Brent Wm. Gardner

Chief Government Affairs Officer, Americans for Prosperity

Garrett Bess

Vice President, Heritage Action for America

Adam Brandon

President, FreedomWorks

Stephen Moore

Senior Economic Contributor, FreedomWorks

Governor Scott Walker, President

Young America’s Foundation

Tom Schatz

President, Council for Citizens Against Government Waste

Angela Logomasini

Senior Fellow, Competitive Enterprise Institute

Marlo Lewis

Senior Fellow, Energy & Environmental Policy

Competitive Enterprise Institute

Myron Ebell

Director, Center for Energy and Environment

Competitive Enterprise Institute

David Williams

President, Taxpayers Protection Alliance

Lisa B Nelson

CEO, ALEC Action

Daniel Schneider

Executive Director, American Conservative Union

Phil Kerpen

President, American Commitment

Saulius “Saul” Anuzis

President, 60 Plus Association

Jim Martin

Founder/Chairman, 60 Plus Association

Marty Connors

Co-Chairman, Alabama Center-Right Coalition Meeting

Alan Sears

Founder, Alliance Defending Freedom

Bob Carlstrom

President, AMAC Action

Kelly Kullberg

American Association of Evangelicals

Dick Patten

President, American Business Defense Council

Thomas Pyle

President, American Energy Alliance

Kathleen Patten

President and CEO, American Target Advertising, Inc.

Gary L. Bauer

President, American Values

Dee Stewart

President, Americans for a Balanced Budget

The Honorable Jake Hoffman