53percenter's Blog

President Biden’s tax hike plan would cost the American economy one million lost jobs in the first two years, according to a study from the National Association of Manufacturers.

The study, released Thursday, details the long and short-term damage to the economy inflicted by Biden’s tax hikes and repeals of Trump’s pro-manufacturing policies.

NAM President and CEO Jay Timmons summarized the studies findings:

“After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities. If we undo those reforms, all of that will be put at significant risk. Manufacturing workers will lose out on jobs, growth and raises. We should be building on that progress, not rolling it back. But the conclusion of this study is inescapable—follow through with tax hikes that give other countries a clear advantage and we’ll see far fewer jobs created in America.”

The study, authored by Rice University economists John W. Diamond and George R. Zodrow, calculated the effects of increasing the corporate tax rate to 28%, increasing the top marginal tax rate, repealing the 20% pass-through deduction, eliminating certain expensing provisions, and taxing capital gains as ordinary income for individuals earning $1 million or more.

They found that the U.S. would lose one million jobs in the first two years, GDP would be $117 billion lower by 2023, and ordinary capital, or investments in equipment and structures, would be $80 billion less in 2023.

“There are some who are well-meaning and have suggested that the U.S. corporate tax rate should increase, but not by as much as the 28% proposed. Unfortunately, what that means is that America will still lose jobs and investment, just not quite as much. America just can’t afford that, especially now,” Timmons said.

Border Patrol agents apprehended nearly 170,000 migrants in March who illegally crossed the border into the United States. This represents an increase of nearly 72 percent in one month.

During the month of March, Border Patrol agents took 168,195 migrants after they illegally entered the U.S. from Mexico according to the Southwest Land Border Encounters report released on Thursday by U.S. Customs and Border Protection.

“CBP has experienced an increase in encounters and arrests. This is not new. Encounters have continued to increase since April 2020, and our past experiences have helped us be better prepared for the challenges we face this year,” said CBP Senior Official Performing the Duties of the Commissioner Troy Miller in a written statement. “We are committed to balancing the need to maintain border security, care for those in our custody, and keep the American people and our workforce safe.”

While Miller says this is “not new,” it is exponential unprecedented growth as indicated by the blue line in the following CBP chart.

During the first two full months of the Biden Administration (Feb-Mar), agents apprehended nearly 210,000 migrants. This compares to just over 280,000 during the last four months of the Trump administration combined.

CBP reports apprehending 30,389 migrants in March 2020. The March 2021 apprehension of 168,195 represents an increase of more than 450 percent over last year. Compared to the 2019 migrant border crisis, the apprehensions sat at 92,833.

Last month, agents apprehended 18,663 Unaccompanied Alien Children (up from 9,271 in February), 52,904 Family Unit Aliens (up from 19,286), and 96,628 Single Adults (up from 68,992).

The Rio Grande Valley Sector continues to lead the nine southwest border sectors with 159,470 apprehensions so far this fiscal year (which began on October 1, 2020). This represents an increase of 243 percent compared to FY2020 year-to-date statistics.

Bob Price serves as associate editor and senior news contributor for the Breitbart Texas-Border team. He is an original member of the Breitbart Texas team. Price is a regular panelist on Fox 26 Houston’s What’s Your Point? Sunday-morning talk show. Follow him on Twitter @BobPriceBBTX and Facebook.

Via AP:

The gunman who killed five people including a prominent doctor in South Carolina was former NFL player Phillip Adams, who killed himself early Thursday, according to a source who was briefed on the investigation.

The source, who spoke on condition of anonymity because he wasn’t authorized to speak publicly, said Adams’ parents live near the doctor’s home in Rock Hill, and that he had been treated by the doctor. The source said Adams killed himself after midnight with a .45-caliber weapon.

The York County Sheriff’s Office said they had searched for hours before finding the suspect in a nearby home.

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