Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • COVID-19
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Sen. Joe Manchin and Democrats Trying to Kill West Virginia’s Tax Cut Plan

March 25, 2021 By E.J. Smith - Your Survival Guy

Sen. Joe Manchin celebrates the 10th anniversary of opening the W.Va. Intelligence Fusion Center. March 16, 2018.

You read yesterday that Gov. Jim Justice of West Virginia is trying to turn his state into a destination for liberty retirees and anyone looking for a better place in America. Not to mention his desire to make West Virginia a better place for people already there.

But working against him are Democrats in Congress, including Sen. Joe Manchin (D-WV). Democrats have lined up billions of dollars to be given to every state in America, but have attached rules to the money that will intercede in states’ local affairs by preventing them from cutting taxes for their citizens.

That’s especially rough on West Virginia, which is surrounded by states with lower taxes, and planned to decrease its own taxes to compete on even footing. Because of rules written into the Democrats’ bailout, Justice and Republicans in West Virginia must also penalize West Virginians with a sales tax increase in order to cut income taxes and receive the $1.3 billion promised by the bill.

If you’re looking to be a member of my Survive & Thrive club, click here.

What’s hard to imagine is why Sen. Manchin would go along with a bill that harms his own constituents. The Wall Street Journal‘s editorial board writes:

While Republicans enjoy a supermajority in the state Legislature, many are reluctant to go along with Mr. Justice’s plan because they fear a business backlash over consumption taxes. Some also worry that the Biden Treasury will later rule that the tax cuts violate the relief bill’s prohibition on “indirect” revenue offsets and claw back federal funds.

In short, Democrats are limiting Mr. Justice’s ability to make his state a more attractive place to work and invest. One of the Democrats who voted for the tax-cut ban is West Virginia Sen. Joe Manchin, who put loyalty to national Democrats above his state. West Virginians can be forgiven for wondering what they did to deserve such hostile treatment.

As other states look to relieve their weary citizens of the burdens COVID-19 has put on them, don’t be surprised if governors and legislatures across the country become angry with Democrats in Washington, D.C. who have limited the available options for state lawmakers.

Action Line: Pay attention to what your elected officials are doing in Washington. There’s a good chance that when they leave home, they forget why they were sent to the nation’s capital.

Originally posted on Your Survival Guy.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Sen Joe Manchin Carries Water for President Obama
  • GOP Clobbers Democrats in Staunton, Virginia
  • Virginia Democrats Propose to Confiscate Residents' AR-15s
  • Greetings From Key West
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You - March 31, 2023
  • BEWARE: The Road to Digital Currencies - March 30, 2023
  • Bad Guys Have Guns, Targets Must be Hardened - March 30, 2023

Dick Young’s Must Reads

  • Your Best State on Guns, Plus the 8th Wonder of the World
  • U.S. Survival AR-7
  • You Need to Seek Some Shelter for When Things Get Ugly
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • “I Need Preservation of Principal and Growth”
  • Is It All Coming Apart in the Government’s Face?
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • How Can You Maximize Natural Immunity to Viruses?
  • Richard Feynman Solved the Space Shuttle Disaster Mystery

Our Most Popular Posts

  • Freefalling at Stanford
  • Is Vanguard Voting Against Your Political Beliefs?
  • The Forgotten America
  • Does Anyone Still Think Ron Paul Was Wrong?
  • Rand Paul Surprises Moderna CEO with Inside Information about Myocarditis Risk
  • “You Just Have to Be Willing to Move Defensively”
  • Biden's Fake Democracy Summit: Hungary and Turkey Snubbed
  • Your Survival Guy’s #1 Habit of Fairly Successful People
  • Dick & Debbie: Over Three Decades in Key West
  • What’s John Kerry Doing in Mexico?

Disclosure

RSS Youngresearch.com

  • Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You
  • BEWARE: The Road to Digital Currencies
  • Another Habit of Highly Successful and Fairly Wealthy People
  • The Greatest Threats to the American Economy
  • Your Survival Guy’s #1 Habit of Fairly Successful People
  • New Regulation Coming for CDS Market?
  • “You Just Have to Be Willing to Move Defensively”
  • Americans Are Fleeing Bank Deposits
  • If You’re a Highly Effective Person, We Should Talk
  • Trouble Now Brewing at Deutsche Bank

RSS Yoursurvivalguy.com

  • Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You
  • Why Your Survival Guy Eschews Annuities
  • Government Debt Service a Growing Burden for Americans
  • BEWARE: The Road to Digital Currencies
  • Bad Guys Have Guns, Targets Must be Hardened
  • Another Habit of Highly Successful and Fairly Wealthy People
  • The Greatest Threats to the American Economy
  • Is America about to Deploy Star Wars-like X-Wings on the Battlefield?
  • Your Survival Guy’s #1 Habit of Fairly Successful People
  • Western Real Estate: From Zoom to Bust

Our Friend from Hungary Holding Court at “Thirsty”

Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You

My Grandkids All Own Guns

Globalism Has Made America Dependent on Foreign Countries

The County Sheriff: America’s Last Hope

Is Modern Warfare Causing Cancer?

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives