Tag: taxes

Biden’s American Jobs Plan could cost taxpayers about $666,000 per job created

President Joe Biden’s proposed $2 trillion American Jobs Plan could end up costing taxpayers more than $666,666 per job created.

The Washington Post gave Biden “two Pinocchios” for saying the American Jobs Plan, his infrastructure and jobs proposal, will create 19 million jobs. Both Biden and his Transportation Secretary Pete Buttigieg have made the 19 million jobs claim. The source of the statement is a Moody’s analysis, which CNN pointed out had estimated the U.S. economy would add about “16.3 million jobs over the same period if the infrastructure proposal does not get passed.”

Subtracting Moody’s 16.3 million figure from Biden’s 19 million projection would equal 2.7 million net jobs created by the infrastructure plan. Rounding up to 3 million jobs and dividing by $2 trillion equals $666,000 per job. If the jobs plan leads to 2.7 million jobs created, the cost to taxpayers would be $740,740.

House Speaker Nancy Pelosi has said that House Democrats hope to draft the formal legislation for the American Jobs Plan by May and finalize it by July 4. The White House fact sheet about the plan includes a description of key parts of the proposal but does not list the specific infrastructure projects the bill would fund. 

Democrats are considering using budget reconciliation to move the bill through Congress to avoid the filibuster in the Senate. Democrats used that strategy for the $1.9 trillion American Rescue Plan that Biden signed last month.

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Trudeau government funds program teaching teens how to know they are trans

The Canadian government is funding a program that informs teens how they know if they are actually living life as the wrong gender. The program, called Teen Talk, provides teens with the resources they need to figure out if their brains match their bodies, if they are male or female, or if they are something else entirely.

The program teaches that “There are more than two genders,” and that what we know as biological sex, as in the existence of male and female reproductive systems, is simply “gender assignment” that is “based on an assumption that someone’s genitals match their gender.”

“However,” Teen Talk goes on to say, “gender isn’t about someone’s anatomy, it’s about who they know themselves to be.” It elucidates the many, constructed “gender identities,” including “male, female, transgender, gender neutral, non-binary, agender, pangender, genderqueer, two-spirit, third gender, and all, none or a combination of these.”

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Biden admin to call for worldwide tax hike so that US businesses don’t leave country following its corporate tax increase

Treasury Secretary Janet Yellen will reportedly call for a global minimum corporate tax rate to prevent U.S. companies from relocating offshore in response to the Biden administration’s forthcoming tax hikes, Axios reported on Monday.

The news outlet made clear that “by trying to convince other countries to impose a global minimum tax, Yellen is acknowledging the risks to the American economy if it acts alone in raising corporate rates.”

The administration has proposed initiating the largest tax hike in almost 30 years to pay for President Biden’s more than $2 trillion American Jobs Act — a bill slated to fund America’s “infrastructure” but that also finances major policy progressive policy initiatives such as climate research, green energy, and free education in addition to highways, bridges, and roads.

The tax changes include raising the country’s corporate tax rate from 21% to 28%, a move that conservatives and moderate congressional Democrats have argued could be devastating for the American middle class.

In a speech to the Chicago Council on Global Affairs on Monday, Yellen is expected to push for all other industrialized nations to raise their corporate tax rates to a minimum standard, as well, to ensure economic “competitiveness” worldwide. However, she will reportedly argue that the tax rate minimum is for the main purpose of ensuring those foreign countries have enough revenue to maintain their own governments.

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Buttigieg Pushes For ‘Mileage Tax’ On American Drivers To Fund Biden Policies

Biden regime Transportation Secretary Pete Buttigieg has indicated that he may push for a mileage tax on Americans that will require them to pay the government for traveling too much. The move would help pay for Biden’s $3 trillion infrastructure bill, and “shows a lot of promise” according to Buttigieg.

When asked by an NBC reporter is he supported a mileage tax, Buttigieg said, “I think that shows a lot of promise. If we believe in that so-called user-pays principle, the idea that part of how we pay for roads is you pay based on how much you drive.”

“The gas tax used to be the obvious way to do it; it’s not anymore,” Buttigieg added. “So, a so-called vehicle miles traveled tax or a mileage tax, whatever you want to call it, could be the way to do it.”

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