Compare Calvin Coolidge on America’s 150th anniversary:
“It is often asserted that the world has made a great deal of progress since 1776, that we have had new thoughts and new experiences which have given us a great advance over the people of that day, and that we may therefore very well discard their conclusions for something more modern. But that reasoning can not be applied to this great charter. If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people. Those who wish to proceed in that direction can not lay claim to progress. They are reactionary. Their ideas are not more modern, but more ancient, than those of the Revolutionary fathers."
The *author* of the Citizenship Clause of the 14th Amendment, Senator Jacob Howard, literally explained during the debates that it would obviously not apply to illegal aliens or foreigners not allegiant to the United States…
It was for the children of former slaves.
Very disappointed to see a GOP senator fall for Elizabeth Warren’s devious trap and give bipartisan cover to her socialist agenda.
Sen. Moreno, by his own words, is proposing a $3 trillion tax increase achieved by a 12.4% rate increase on employees and self-employed (e.g., sole proprietors) earning over $184,500.
This would raise the top federal tax rate on wages and self-employment income to 52% — MORE THAN HALF of every additional dollar earned would go to the federal government.
In places like CA and NYC, it would mean government at all levels of taking TWO-THIRDS of each dollar earned.
But it doesn’t stop there. The evolution of the Medicare HI tax reveals the full scope of the long-term plan.
1. In 1993, Congress lifted the cap on the 2.9% HI tax, as Moreno is proposing now. This was a 2.9% rate increase on those affected.
2. In 2010, Congress added 0.8% to the rate for higher income people, leading to a top HI rate of 3.8%.
3. At the same time, Dems complained that work was being taxed more than wealth, and so they added a brand new 3.8% tax on investment income.
4. Starting in 2021 and continuing today, Dems are proposing to expand the 3.8% HI tax even farther to apply to the active business income of pass-through entities such as S corporations.
All this taken together leads to a 3.8% tax rate on ALL kinds of income. Don’t doubt that the plan with Social Security is to do the same thing with its 12.4% tax rate.
And in return for the largest tax increase in American history, Sen. Moreno would get… zero reforms to the program to slow its unsustainable growth. It would continue to absorb a larger and larger share of GDP and make the wealthiest age cohort in the country even wealthier.
I can understand why this is a deal that Elizabeth Warren would love, but why anyone who wants to preserve a free society where the federal government doesn’t take more than half your income would support it is beyond me.
@KylePorterNS Still rooting for a collapse. I’m hoping karma exists in the world and therefore wills this guy to fold like a cheap chair before the tournament is over but it ain’t lookin good