Just what does Nancy Pelosi want? Rumors suggest she is done after this term. It could be that she is cashing out, on her way out. Her agenda is poised to push the largest socialist takeover we have ever seen.
But isn’t this Democrat historically been a “moderate”? According to her latest comments, she is coming out a communist.
“In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should,” she told a Chatham House event. “So what we want to do is not depart from that, but to improve it.”
I guess her definition of “improving” capitalism is replacing it with socialism/communism. And Kevin McCarthy exposed what her new agenda would do to America and our rival.
“You know who wins in this tax bill? China,” McCarthy told Thursday’s “Spicer & Co.” “The global minimum tax is going to make companies in America leave America because it’s a tax advantage to be somewhere else.”
As Nancy Pelosi is criticizing American capitalism, vowing to “improve” it with socialism, she is backing a tax bill that will give China a major win. The latest version of Biden’s massive bill would raise taxes on working-class and middle-class families.
Worse than that, it will raise taxes on companies. This means many of them will just up and leave the country, taking with them both blue-collar and white-collar jobs. Where will they go?
First place: China. The communist regime has thrived by exploiting its sweat shop-style factories and companies. American businesses shut down operations here and take advantage of the low costs China can offer them.
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Next up, are places like Mexico, Europe, and beyond. Some countries have a corporate tax as low as 11%. Biden wants to raise ours to above 25%. That’s a no-brainer for many companies who are struggling to survive, post-pandemic.
So, is Pelosi’s solution for “improving” our economy to send jobs and businesses away? That seems to be the case. If she really does retire after this term, she might be doing this to secure a nice payday from some foreign entity.
At the very least, she is totally unconcerned with how her radical bill will hurt the rest of us.