I met Grover Norquist over thirty years ago and he’s an impressive individual. His organization, Americans for Tax Reform, has been at the center of the fight for fiscal sanity for at least that long. He ran the Biden tax numbers for FNC in regards to the Georgia race. They are not pretty.

“On Jan. 5, Georgians have a clear choice to make when they vote in the Senate runoff elections. If they vote for Democrat challengers Jon Ossoff and Raphael Warnock, they will be voting for Democrat control of the U.S. Senate and the Biden-Harris agenda of tax increases on American families and businesses. Joe Biden and congressional Democrats have been very clear what that means. President-elect Joe Biden has promised to impose $4 trillion in new or higher taxes and has repeatedly promised to repeal the Republican-passed Tax Cuts and Jobs Act (TCJA) on  ’day one.’ This would result in a $2,000 tax increase for a family of four earning the median income of $73,000. A single mother with one child with annual income of $41,000 would see a $1,000 tax hike,” said Norquist.

Close

 

“Georgia households with adjusted gross income (AGI) between $50,000 and $75,000 saw a 11.5% reduction in federal tax liability. Similarly, Georgia households with AGI between $75,000 and $100,000 saw a 12.8% reduction in federal tax liability. Families with AGI of between $50,000 and $100,000 saw a tax cut of roughly double what families with AGI of over $1 million received. Biden has also promised to reinstate the ObamaCare individual mandate tax, a highly regressive tax that forced American families to purchase government approved health insurance or pay a $2,085 tax. If reinstated, this tax would hit over 100,000 low- and middle-income Georgia families.” With these numbers you’d think the Republicans would be elected in a landslide. Think again. It’s a close race.

“In 2017, this mandate tax hit 143,180 Georgia households – 89% of those households had annual income of $50,000 or less, and 94% of those households had annual income of $75,000 or less. Biden’s tax hikes would mean Georgia families pay a top tax rate of 55.09% when factoring in payroll taxes and state income taxes.  A vote for Ossoff and Warnock would also lead to higher taxes on American businesses as Biden has promised to raise the corporate tax rate from 21% to 28%. This would make the U.S. tax rate higher than Communist China’s 25% corporate rate and harm workers, jobs and wages as we look to continue rebuilding from the coronavirus pandemic.” We’d have a higher corporate tax rate than an avowedly communist regime.

“A vote for Warnock and Ossoff is a vote for the Biden-Harris tax hike agenda that would kill jobs and harm small businesses and middle-class families across the country.” Norquist is right. Let’s hope the voters of Georgia agree with him.

This piece was written by David Kamioner on December 28, 2020. It originally appeared in DrewBerquist.com and is used by permission.

Read more at DrewBerquist.com:
Biden Says This Will Happen His First Day In Office
Opinion: President Shoots And Misses At Numerous Targets
Georgia Senate Race On Fire

The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of LifeZette.