Wonder what if anything would happen to Donald should he be a politician in China ...
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Infrastructure plan is 'China's dream and America's nightmare' says Rep. Donalds
WASHINGTON (SBG) - President Joe Biden announced a $2 trillion infrastructure package Wednesday, aiming to revitalize U.S. transportation infrastructure, water systems, broadband, and manufacturing. The plan will be funded in part by an increase in the corporate tax rate to 28%. Florida Congressman Byron Donalds criticized the package, saying earlier this week on Twitter that the plan is “China’s dream and America’s nightmare.”
“It’s going to tax our corporations, it’s going to make it harder for them to do business here in the United States,” said Florida Congressman Byron Donalds to The National Desk’s Jan Jeffcoat. “The core of this bill is the Green New Deal, wrapped in infrastructure.”
Rep. Donalds says things the Democrats are pushing such as free college, universal pre-K, and getting rid of Right to Work laws “help the Communist Chinese regime, because they don't believe in any of these liberal rules, they believe in economic dominance.”
The bill will raise taxes on S corporations, according to Rep. Donalds - and he says that will hurt small businesses.
“A lot of your mom and pop small businesses, they incorporate using S corp status on their 1041 taxes. And so that's going to hurt small businesses in the United States as well,” said Rep. Donalds. “He's coming for everybody because he can't spend this much money without getting some new revenue.”
Taxing larger, multinational corporations also ends up hurting middle and lower-income Americans, according to Rep. Donalds.
“More money to Uncle Sam, that’s less money for salaries, it’s less money for benefits, that’s less money to actually grow the business, and when a business grows they hire more employees,” said Rep. Donalds. “This is not how you run an economy. This is not how things should be done.”
Rep. Donalds and other members of the House Committee on Oversight and Reform are scheduled to vote on D.C. statehood - an issue that some supporters have categorized as a race issue. But Rep. Donalds says instead, it’s a political power grab.
“This is not about the people of the District of Columbia being able to vote for two United States senators. This is about the Democrats wanting more votes in the United States Senate, pure and simple,” said Rep. Donalds. “If they wanted to really be a part of a state, they could easily go back and join Maryland. We asked Muriel Bowser, the Mayor of DC, and she said, oh no, we're not interested in that.” |
