List of Tax Hikes Just Passed by Democrats

[Elderberry]

Americans for Tax Reform by  Mike Palicz  08/12/2022

Below is the list of tax increases included in Democrats’ tax-and-spend spree now passed by both the Senate and House:

$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills       

The bill imposes a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by $6.5 billion.

The tax hike violates President Biden’s tax pledge to any American making less than $400,000 per year. Biden administration officials have repeatedly admitted taxes that raise consumer energy prices are in violation of President Biden’s $400,000 tax pledge.

-----
$12 Billion Crude Oil Tax Which Will Increase Household Costs

With gas averaging more than $4.00  per gallon across the country and only weeks removed from record-high prices, Democrats have included a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices.

-----

$1.2 Billion Coal Tax Which Will Increase Household Energy Bills

The bill would more than double current excise taxes on coal production. Under the Democrat proposal, the tax rate on coal from subsurface mining would increase from $0.50 per ton to $1.10 per ton while the tax rate on coal from surface mining would increase from $0.25 per ton to $0.55 per ton.

-----

$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households

The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.

More: https://www.atr.org/list-of-tax-hikes-just-passed-by-democrats/

[libertasbella]

"When we win, do not forget that these people want you broke, dead, your kids raped and brainwashed, and they think it's funny."
- Sam Hyde.

[libertybele]

Americans for Tax Reform by  Mike Palicz  08/12/2022

Below is the list of tax increases included in Democrats’ tax-and-spend spree now passed by both the Senate and House:

$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills       

The bill imposes a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by $6.5 billion.

The tax hike violates President Biden’s tax pledge to any American making less than $400,000 per year. Biden administration officials have repeatedly admitted taxes that raise consumer energy prices are in violation of President Biden’s $400,000 tax pledge.

-----
$12 Billion Crude Oil Tax Which Will Increase Household Costs

With gas averaging more than $4.00  per gallon across the country and only weeks removed from record-high prices, Democrats have included a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices.

-----

$1.2 Billion Coal Tax Which Will Increase Household Energy Bills

The bill would more than double current excise taxes on coal production. Under the Democrat proposal, the tax rate on coal from subsurface mining would increase from $0.50 per ton to $1.10 per ton while the tax rate on coal from surface mining would increase from $0.25 per ton to $0.55 per ton.

-----

$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households

The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.

More: https://www.atr.org/list-of-tax-hikes-just-passed-by-democrats/

Ah, I feel so much better after reading this.  The DEMS just love this country and its people. 

[Smokin Joe]

In flyover (Northern Plains) America, Natural Gas and Propane are two primary home heating fuels. Heating is not optional, subzero temperatures are common in winter. People freeze to death here (two that I knew personally).

This is a thumb in the eye of America's Red State heartland.

[Hoodat]

$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households

The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.

It's not so much a matter of passing off higher prices than it is a matter of businesses deciding not to take on some new expansion venture because their projected ROI just took an sizeable cut.  Less growth.  Fewer jobs.

[EdinVA]

It's not so much a matter of passing off higher prices than it is a matter of businesses deciding not to take on some new expansion venture because their projected ROI just took an sizeable cut.  Less growth.  Fewer jobs.

Or they will move off shore, again...

[verga]

The plan is for them to tryand make solar and wind seem more affordable.

[berdie]

In flyover (Northern Plains) America, Natural Gas and Propane are two primary home heating fuels. Heating is not optional, subzero temperatures are common in winter. People freeze to death here (two that I knew personally).

This is a thumb in the eye of America's Red State heartland.

Agreed. I use propane. I could kick myself in the fanny for not filling up my tank a couple of months ago. But I didn't. I really thought all this nonsense would pass. Bad on me.

I'm lucky that I don't live in a northern state where it is cold as all get out for a long time. I'm also fortunate enough to have a fireplace and wood burning stove.