LTE – JoAnn Upthall – 4-21-2021
PROTECTED CONTENT
If you’re a current subscriber, log in below. If you would like to subscribe, please click the subscribe tab above.
Username and Password Help
Please enter your email and we will send you a password reset link.
Letter to the Editor
On March 3, H.R.1 or the “For the People Act of 2021” passed in the House by a 220 to 210 vote. Here is what was in it. (I guess it is in the Senate’s hands now.) The Heritage Foundation writes, “H.R.1 would federalize and micromanage the election process administered by the states, imposing unnecessary, unwise, and unconstitutional mandates on the states and reversing the decentralization of the American election process—which is essential to the protection of our liberty and freedom.” Many items in this bill would implement, nationwide, election rules that would erode and eliminate some security protocols that the states have in place. The Heritage Foundations goes on to explain, “The bill would interfere with the ability of states and their citizens to determine the qualifications and eligibility of voters, to ensure the accuracy of voter registration rolls, to secure the fairness and integrity of elections, to participate and speak freely in the political process, and to determine the district boundary lines for electing their representatives.”
H.R.1 will seize the election authority from the states. It will make it easier to commit fraud by nationalizing no-fault absentee balloting, online voter registration, fifteen day early voting, automatic voter registration and same day registration. Automatic voter registration will not uphold the integrity of the voter list because all individuals from state and federal database (Social Security, DMV, Federal Bureau of Prisons, Health and Human Services, etc.) are automatically included. This would include ALIENS and using multiple lists, one person could be included more than once.
This bill would require states to count ballots cast by voters outside of their assigned precincts, would mandate a no-fault absentee ballots (choice tool for voter thieves), eliminate witness signatures on absentee ballots, force states to accept ballots received up to 10 days after the election, allow voter harvesting, prevent election officials from checking the eligibility and qualifications of voters and prevent them from disqualifying ineligible voters, limit the publics release of voter registration information, eliminate state voter ID laws, expand government censorship of campaigns and political activity and speech (both verbal and online), reduce the number of Federal Election Commission members (from 6 to 5 so which ever party had 3 would rule), restore the right to vote to felons (which btw violates the constitution), allow the IRS to investigate nonprofit organizations (including political position) before granting tax-exempt status, etc. More information at https://www.heritage.org/election-integrity/report/the-facts-about-hr-1-the-the-people-act-2021.
President Biden’s proposed TAX PLAN will reverse many of Trump’s tax cuts. From AMAC Magazine, it reads that “Biden has proposed raising the top individual tax rate (which many small business pay), eliminating the 20% small business deduction, tripling the number of families hit by the death tax, taxing accrued capital gains at death, and raising the corporate tax rate.” As we endure a weak economy, this tax plan will eliminate jobs. The taxes on the small businesses will shrink the economy.
Along with the hike in taxes on small businesses that will cause many jobs to be lost, the next step would be see more direct tax increases on the middle class (changes to 401(k) plans),
AMAC goes on to state, “Simple arithmetic shows that President’s Biden’s tax hikes on businesses, while severe, will not come anywhere close to funding his ambitious spending agenda on climate, education, welfare spending, social justice, and more.” This ambition spending will cost over $30,000,000,000,000.
Taxing every billionaire in the country at 100% would only provide enough revenue (maybe $4 trillion) for a couple of months of government spending. So where is the $26 trillion is going to come from – probably from an increase in sales taxes, income taxes, property taxes, etc. that will hit the middle class.
The 2017 Tax Cuts and Jobs Acts doubled the death tax exemption, making it easier to pass the small business and farms to the next generation. Biden’s tax plan would lower the threshold down to $3.5 million for family businesses and farmers. Many of these small, family-owned businesses and farms have large inventories or are land-rich but are cash-poor. The estate financial papers of these small businesses look rich but the next generation can’t afford to pay up to 45% of the worth of this business and survive.
If you take a look at the Biden Tax Plan, one sees that, not only corporate taxes will increase, but small business owners and individual taxes will also increase.
Over the decades, it has been hard enough for small businesses and farms to be handed down to the next generation. Only about 30% of the family businesses survive to the second generation and 10% to the third generation. If this drastic tax on the estates increases, it will significantly decrease the number of family businesses that survive to the next generation.
JoAnn Utphall
Boyceville