Elizabeth Warren’s plan to massively raise taxes

posted by Jeff Kuhner - 

PHOTO: Getty Images

If Sen. Elizabeth Warren has her way, Americans will be paying a lot more in taxes. In fact, she is such a radical leftist, Warren wants the government to take at least 70 percent of your hard-earned money. It’s official: She is a Scandinavian-style socialist.

In an interview with CNBC, Fauxcohontas claimed that the first thing Democrats should do if they retake Congress is to rescind President Trump’s tax cuts. According to Warren, only the “crumbs” of the $1.5 trillion tax reform package are going to middle- and working-class citizens.

Yet, Warren says she would do more than roll back Trump’s tax cuts. She wants to impose a massive tax hike. How high? She wants American businesses, corporations and the wealthy to pay at least a 50 percent federal tax rate.

“Here’s how I look at budgets and taxes,” she said. “A lot of people think they’re just numbers; they’re not. They are the expression of our values.”

Hence, when pressed about what the right top marginal rate should be, Warren stressed 50 percent ought to be the minimum, while 90 percent may be a little too high.

“Look, there was a time in a very prosperous America—an America that was growing a middle class, an America in which working families were doing better generation after generation after generation—where the top marginal rate was well above 50 percent.”

Warren’s soak-the-rich class warfare may play well with the progressive wing of the Democratic Party. But in the real world it only means one thing: Workers will be getting the shaft. Trump’s tax cuts have been an unequivocal success, sparking high economic growth, creating over 3 million new jobs, driving down unemployment to less than 4 percent. Moreover, black and Hispanic unemployment are at historic record lows. Over 90 percent of middle- and working-class Americans have seen their wages rise—for the first time in decades—under the Trump economy. Only a socialist elitist, like Warren, could call an economic boom and huge gains for workers “crumbs” off the table.

Yet, it is not just the wealthy who would have their taxes dramatically increased in Warren’s “Amerika.” Everyone’s taxes would soar. Like her leftist ilk, Warren seeks to transform the United States into a continental version of Sweden marked by high taxes, heavy public spending and a cradle-to-grave welfare state. She champions “Medicare-for-all,” a nationalized government-run health care system, free college tuition, universal day care, a national $15 minimum wage and abolishing the Immigration and Customs Enforcement agency. In short, Warren would end all immigration enforcement, effectively eradicating our national borders and enabling violent criminal illegal aliens to roam our streets. Millions of Third World migrants would flood into our country.

The results would be disastrous—economically, culturally and socially. Millions of new illegal aliens would drain and bankrupt our social welfare services; abolishing ICE would lead to exploding crime rates, placing unsustainable pressure on law enforcement resources; and countless U.S. workers would lose their jobs and be displaced by the incoming Third World migrants.

Furthermore, just the Medicare-for-all program is projected to cost taxpayers nearly $32 trillion. If implemented, this alone would eventually bankrupt America. We would be getting the worst of all possible worlds: rationed government-run health care (think of the VA on a national scale) combined with a skyrocketing public price tag. Warren is not only a phony Indian, but a phony socialist. She is a liar, who refuses to admit the truth—state socialism is expensive and requires crushing taxation to pay for its massive entitlements.

The Swedes (and other Scandinavians) are willing to pay 70 percent of their income in exchange for economic security. Yet, Sweden is not America; it is not even Canada, Switzerland or Scotland. Sweden’s economy is anemic, its standard-of-living is one of the lowest in the West and opportunities for self-advancement and social mobility are rare. The reason is simple: The state takes such a large cut of one’s salary, there’s not much left for anything else but the basics. Swedes work nearly 8-9 months of the year for the government before being able to enjoy the fruits of their labor. This is why there is no such thing as the “Swedish Dream.” Swedes are no longer free-born citizens; rather, they are modern-day serfs dependent upon Big Government. All they do is pay taxes.

Warren’s goal is to destroy traditional America—and by extension the American Dream. She is part of our liberal political elite that seeks power and control. She is another Lenin in pantsuits, who wants as much of your hard-earned money as possible in order to make you servile, dependent and impoverished. Warren is not the champion of the middle- or working-class, but its mortal enemy.

If the Democrats return to power, then get ready to pay 60 or 70 or even 80 percent of your income to the government. After all, this is what happens in socialist countries.

-Jeffrey T. Kuhner is host of “The Kuhner Report” on WRKO AM-680 in Boston. He can be reached at jeffreykuhner@iheartmedia.com

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