{"id":391378,"date":"2021-04-08T15:22:00","date_gmt":"2021-04-08T19:22:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=391378"},"modified":"2021-04-09T16:03:16","modified_gmt":"2021-04-09T20:03:16","slug":"no-senator-gillibrand-childcare-isnt-infrastructure-but-rush-tells-us-why-she-said-it","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2021\/04\/08\/no-senator-gillibrand-childcare-isnt-infrastructure-but-rush-tells-us-why-she-said-it\/","title":{"rendered":"No, Senator Gillibrand, Childcare Isn\u2019t Infrastructure (But Rush Tells Us Why She Said It)"},"content":{"rendered":"

BRETT: Oh, infrastructure has become quite the hot potato coming out of Washington, D.C. I noted with a great deal of laughter last night as we saw Senator Kirsten Gillibrand come out and redefine what infrastructure is. She got a lot of pushback. They described it as child care (and child care and child care) and a number of other things, right?<\/p>\n

We saw all these redefinitions of infrastructure, and it\u2019s happening because of the way the bill as proposed is beginning to be rolled out, right? We\u2019re told that the internet is infrastructure. People are infrastructure. Child care is infrastructure. If it can be harnessed or utilized, you could just call it “infrastructure,” and it\u2019s an interesting battle that\u2019s forming here.<\/p>\n

\"\"<\/p>\n

Because you have a situation where Joe Biden is desperate to spend as much money as he can. He\u2019s going full Keynesian, as they say, to prime that pump, get that economy roaring with federal dollars, and he\u2019s starting to get a little bit of a bipartisan backlash. The Washington Times is talking about a piece in which “Biden caves on steep tax increase for businesses after bipartisan backlash.”<\/p>\n

We know that Biden is going to try to renew the infrastructure pitch after unveiling the plan to raise corporation corporate taxes. He\u2019s having to kind of pare this back, figure out what he really wants to do, what he really needs to do. And it\u2019s a frustrating reality that\u2019s out there. Politico with a quote: “Damn it. I\u2019m sick and tired…” Pardon my words, but it\u2019s a quote.<\/p>\n

“Damn it. I\u2019m sick and tired of ordinary people being fleeced.” That\u2019s Biden defending the corporate tax hike. You\u2019ve got his secretary of the treasury, Janet Yellen, working with G20 countries attempting to establish an international minimum global tax, a minimum corporate tax. Here\u2019s is cut number 17, Mister Broadcast Engineer. Biden on infrastructure.<\/p>\n

BIDEN: To automatically say that the only thing that\u2019s infrastructure is a highway, a bridge or whatever, that\u2019s just not rational. It really isn\u2019t. I think the vast majority of Americans think everything from the sewer pipes to the — to the, uh — the, uh, uh, the sewer facilities to the water pipes, I think they\u2019re infrastructure. Anyway.<\/p>\n

BRETT: Okay, sewer lines, sewer pipes. You can make a case. That\u2019s a reasonable case that you can make for that. But child care? How is child care infrastructure? That\u2019s what Kirsten Gillibrand was lobbying for. Way back when Barack Obama was proposing a corporate tax cut — that was back in 2012 — remember that? Way back then, Rush told you exactly what it was: A tax increase.<\/a><\/p>\n

RUSH: If you want less of an activity, tax it, and after you tax it, if you want less again, you raise taxes on it. If you want more of an activity, you lower taxes on it. But look what government does. If there\u2019s a shortage of riders on the New York subway, what do they do? They raise fares. And this is what bureaucrats do, a shortage of revenue in Great Britain, so, raise taxes. Plus, they wanted to go out there and punish the rich.<\/p>\n

Remember, Obama a couple of years ago talking about the capital gains rate, and people told him, “No, no, Mr. President, if we lower the capital gains rate we\u2019ll have more revenues.” (imitating Obama) “No, no, I don\u2019t care about that. I don\u2019t care about the revenue. I want fairness.” And fairness to him meant raising the rate on capital gains. It\u2019s the same thing here as in Great Britain.<\/p>\n

\"\"They wanted to punish their achievers, and they wanted to score points with the middle class and the lower class by making them think the rich are gonna be punished, but look what happens! The rich always find a way around it. “The Treasury,” we\u2019ll do the conversion into dollars, \u2019cause they use pounds in the story.<\/p>\n

“The Treasury received $16.2 billion in income tax payments from those paying by self-assessment last month, a drop of $798 million compared with January 2011.” The amount of income tax paid fell sharply last month by almost a billion dollars, by raising the tax rate. And they\u2019re shocked.<\/p>\n

The story is all about how leaders are shocked, they can\u2019t believe that this happened. And they talk about how these evil rich guys found ways around this. Well, of course they\u2019ll find ways around it, because there is no such thing as a static economy. Everything is dynamic. Obama, by the way, has announced what he\u2019s claiming to be is a “corporate tax cut.”<\/p>\n

His corporate tax cut will actually raise taxes on businesses by $250 billion. He\u2019s cutting the rate to 28% but he\u2019s making other changes that will actually result in businesses paying more money. Here\u2019s the Wall Street Journal version: “President Obama\u2019s 2013 budget is the gift that keeps on giving — to government. One buried surprise is his proposal to triple the tax rate on corporate dividends, which believe it or not is higher than in his previous budgets.<\/p>\n

“Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in Obamacare, and the new dividend tax rate in 2013 would be 44.8%.”<\/p>\n

You know what it is today? Fifteen. The current dividend tax rate is 15%. Next year, if Obama\u2019s budget were adopted and coupled with what happens with Obamacare, the dividend tax rate will jump to almost 45%. But he\u2019s out there saying, “I\u2019m cutting corporate taxes. I\u2019m gonna cut that rate down to 28%.” But this more than makes up for it.<\/p>\n

\"\"At a time where the economy is puttering along, Gallup says that unemployment is slated to rise according to their data. Jim Pethokoukis at AEI posted a story about this and his original headline was: “Geithner Should Resign Over Obama\u2019s Corporate Tax Increase Plan.” And shortly after that post went up the headline changed to: “Why Obama\u2019s Corporate Tax Plan\u2019s a Total Bust.” This is an absolute disaster.<\/p>\n

This is absolutely purposeful. I\u2019ll make you a prediction. The media will describe this corporate tax proposal as a massive tax cut and a friendly reach across the aisle to achieve fairness, you watch. In fact, they already are. All day long they\u2019ve been talking about Obama\u2019s massive “corporate tax cut,” when it is exactly the opposite.<\/p>\n

BRETT: We\u2019ve talked the different words that are getting used in these discussions, in these debates, in these arguments for changing the way we work. You use words that don\u2019t really represent the words you know are going to happen, right? So they talk about “tax fairness,” as Rush was talking about at the beginning of that clip. Tax fairness. What is “tax fairness”? What is “tax fairness”?<\/p>\n

If everybody paid 5% or everybody paid 10% or everybody paid 15% — some set number that everybody paid — you\u2019d have to argue that would be fair, \u2019cause you\u2019re taking 10 % or 15% out of everybody\u2019s bottom line and that\u2019s it. We\u2019re all paying taxes now. Or you say we\u2019re gonna do a sales tax, right? We\u2019ll do a consumption tax. Everybody\u2019s paying the consumption tax. If you buy Ferraris and jet planes, you\u2019re gonna pay a higher tax rate.<\/p>\n

You gotta pay taxes on that. Your John Kerry-style yacht, you gotta pay taxes on that. But it\u2019s not about fairness. As he said it\u2019s about getting even with the people who are working — and it\u2019s not the wealthy, \u2019cause the wealthy, they may not have income. They have structures by which they protect the money they have, and the poor are gonna be protected by the Democratic Party.<\/p>\n

Who is it that gets punished? It\u2019s the people in the middle, what they call “the strivers.” Those people climbing up that ladder, building that business, trying to be successful, trying to leave something for their families. They\u2019re at the tippy-top. You\u2019ve got the government alongside the Wall Street types that write checks to the people in the government, and they\u2019re pushing that ladder.<\/p>\n

Here you are, you\u2019re three-quarters of the way up that ladder, and they\u2019re just pushing that ladder over, saying, “See ya later, striver! You\u2019re gonna pay more in taxes.” Money will always go to the place where it\u2019s respected. It\u2019s why people are fleeing New York state and California for greener pastures.<\/p>\n","protected":false},"excerpt":{"rendered":"

BRETT: They talk about "tax fairness," as Rush was talking about at the beginning of that clip. Tax fairness. 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