NEW CTUP STUDY: Biden’s Double Death Tax Destroys Up to a Million Jobs, Costs the Economy $10,000 Per Household

Unleash Prosperity Hotline
Issue #335
07/27/2021
1) NEW CTUP STUDY: Biden’s Double Death Tax Destroys Up to a Million Jobs, Costs the Economy $10,000 Per Household

A new national economic impact analysis by Regional Economic Models, Inc. (REMI), a non-partisan economic modeling firm, found that legislative changes to the capital gains tax proposed in both the Sensible Taxation and Equity Promotion (STEP) Act and President Joe Biden’s American Families Plan would result in significant adverse economic impacts.
 
Key macroeconomic findings include:

•             Sustained annual job losses ranging from over 500,000 to almost 1 million;
•             10-year losses in economic output and GDP of more than $1 trillion with a $600 billion loss in private investment, and a $6 billion loss in R&D spending;
•             10-year loss in personal income of about $1 trillion, which translates to $8,000 – 10,000 per household.
 
This study shows that the Biden death tax scheme is an assault on the American tradition of family-owned and operated businesses being passed on from one generation to the next.  Many families will literally have to sell the farm to pay the Biden taxes. The damage to jobs and the economy would be multiple times larger than any revenue gained for the government from this unfair tax proposal.
 
https://committeetounleashprosperity.com/bidens-new-death-tax/
2) The Vaccine Gap the Media Won’t Talk About

It hasn’t gotten nearly as much attention as the partisan gap, but there is a big racial gap in vaccine uptake.
 
“Overall, across these 40 states, the percent of White people who have received at least one COVID-19 vaccine dose (48%) was roughly 1.3 times higher than the rate for Black people (36%) and 1.2 times higher than the rate for Hispanic people (41%) as of July 19, 2021,” according to a Kaiser Family Foundation analysis.



Maybe some minorities took the leading Democrats (like Biden and Cuomo, see yesterday’s Hotline) who bashed the vaccine last year seriously?

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