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Senator Mike Crapo @MikeCrapo
Worse, the Democrats’ plan would tax these businesses on simple inflation, sticking them with the bill for reckless inflationary tax-and-spend policies enacted by politicians in Washington. https://t.co/uY8jWbyBID — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Democrats want to create a double death tax by eliminating the benefit of this step-up in tax basis, including for small businesses, farms and ranches passed down from one generation to the next at death. My friend @SenJohnThune explains it well: https://t.co/wV0cooJKhV — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Today, family businesses passed down at death are subject only to estate tax and not an additional income tax. Instead, a business’s tax basis is increased or “stepped up” to fair market value, sparing the next generation a large capital gains tax bill. — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
I recently spoke with @HolmesJosh about some of the international tax policies in the Democrats’ reckless tax and spending proposal. Listen to our discussion here: https://t.co/peeazvOdpq — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
According to data reported in @taxnotes, top tech companies are estimated to have brought back a “whopping $59.8 billion into the United States in 2020 because of the TCJA. (2/2) — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Tax Cuts & Jobs Act (TCJA) international tax provisions are working—tech companies are bringing profits back to the US in record numbers. (1/2) — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
For veterans impacted by the news of the last few weeks, please reach out if you need help. The Veterans Crisis Line is 1-800-273-8255. Please check in on your veteran friends, family & neighbors. Let them know their service is valued and not forgotten. https://t.co/64OS0oN2Gg — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Administration’s int'l tax proposal seems designed to re-ignite the job-crushing inversions and foreign acquisitions of American companies that the Obama Administration faced. There's no reason to tax our businesses into moving abroad. https://t.co/mA1K8Y6gon — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
. @WaysandMeansGOP Ranking Member @RepKevinBrady and I have consistently said the Administration should not surrender jobs, growth, or tax revenues to other countries in order to advance a partisan tax increase agenda at home. https://t.co/91zACqtxfo — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
They fail to acknowledge that the tax increases in their plan will rocket the United States back into the outlier position it once occupied compared to peer nations. Once again, we will have the highest tax rates of the developed world, or at least very near the top. — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Democrats’ tax plan would reverse the smart policies the Tax Cuts and Jobs Act adopted, once again raising the relative cost of doing business in America and punishing American businesses selling their products or services overseas. https://t.co/mCvVA7CCuy — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Regardless of the merits and drawbacks of the decision to withdraw from Afghanistan, the United States has a responsibility to those who are now at risk because of that decision and its execution by this administration. https://t.co/kIMyuE3gv4 — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Now that the Taliban have taken over the majority of Afghanistan’s urban centers, many Americans and vulnerable Afghans are trapped without the ability to leave the country. — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The President says he’s not going to raise taxes on anyone making more than $400,000 a year. The reality is a corporate tax is born primarily through workers, their wages and their benefits. https://t.co/Qr53SPcngh — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The reckless tax and spending spree recently proposed by the Democrats creates a double death tax by eliminating the benefit of the step-up in tax basis that accrues to small businesses, farms, and ranches passed down from one generation to the next at death. https://t.co/JQoirngPot — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Part of the Democrats’ $3.5 trillion reckless tax-and-spending “human infrastructure” proposal is a supersized tax hike on capital gains, which is essentially an increased inheritance tax that would deter Americans from saving and investing. https://t.co/O7Jedrh8Ta — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The proposed tax increases on American businesses would put U.S. companies at a disadvantage in the global marketplace, translating to fewer jobs, lower wages, and lower retirement account values for American workers and households. https://t.co/0n3Fz9J1yH — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The U.S. Chamber’s analysis of IRS and Census data says 1.4 million small businesses will be negatively impacted by the Democrats’ proposed tax increases. These include small businesses in every sector of the economy. https://t.co/3ESU2dHVyh — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Their ideas will raise taxes on middle-class individuals and families, and not just those earning more than $400,000. https://t.co/D7iNM1SabE — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Experts ranging from the non-partisan Joint Committee on Taxation to the liberal Tax Policy Center show President Biden’s tax hikes land on the middle class and harm U.S. workers, retirees and small businesses. https://t.co/m6KvTFAlM1 — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
We should be building on time-proven, pro-growth policies, not reversing them to funding “human infrastructure” that incentivizes successful American businesses to move their businesses and economic contributions elsewhere. — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Democrats have included dangerous tax proposals in their reckless $3.5 trillion dollar tax and spending spree which will send many of our most successful businesses and the jobs they provide abroad. https://t.co/jBsX4Vl9YX — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Democrats’ $3.5 trillion reckless tax-and-spending “human infrastructure” proposal includes dangerous tax proposals which would do long-term damage to our economy and the American businesses and workers who make up the backbone of our economy. https://t.co/v9E9C55LEX — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Democrats’ budget proposal includes provisions that will cause immediate and long-term damage to our economy, and send many of our most successful businesses and the jobs they provide abroad. — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
And, $3.5 trillion is just the advertised price. According to the non-partisan Committee for a Responsible Federal Budget, the Democrats’ new legislation will actually cost closer to $5 to $5.5 trillion over ten years. https://t.co/nToP1Q9pGa — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Consumer price inflation has been accelerating since the beginning of the year, and American families pay the price. https://t.co/CvijK1mD6b — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Excessive spending has grown the national debt, spurred inflation and discouraged workers from returning to the workforce. Now, Democrats are proposing to spend an additional $3.5 trillion to balloon the federal government even more. https://t.co/fAp2YVfifl — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
My statement on the situation in Afghanistan. https://t.co/OdmPQiAOnR — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
Great read on how the bipartisan infrastructure bill helped to preserve the filibuster, and complicates Democrats’ massive spending plans: https://t.co/dFdjprFive — PolitiTweet.org
Senator Mike Crapo @MikeCrapo
The Ritchie Boys served the United States with bravery and courage, saving the lives of many Americans and Allied Forces. Idaho’s Frank Church served in this heroic group, and Idaho is home to one surviving Ritchie Boy veteran, William Hulet. https://t.co/3G7taJfoW7 — PolitiTweet.org
