New Tax Will Hurt Americans Badly

Here’s what you need to know…

With the new 2023 year just now kicking off, President of Americans for Tax Reform Grover Norquist is warning that a series of new taxes will end up hurting millions of Americans when it comes to energy, their retirement savings and investments.

In a new interview with Newsmax, Norquist noted, “We’ve been suffering through the overspending and the inflation. We’ve been suffering through the regulations and closing down energy. All of those things have happened. This is a new one. This is on top of everything else.”

Norquist is warning that the new taxes that President Biden is putting on crude oil will get passed onto Americans who buy gasoline and additional taxes on coal and natural gas will also force Americans to pay more.

He then talked about the taxes on people’s retirement and savings accounts saying, “And then there’s a tax on your 401K. The best thing they can do with their money is to invest in themselves by buying more stock because they think their stock is a good idea.”

Norquist believes that President Biden and the Democrats are doing this because it will make the American people more reliant on the government rather then on themselves.

Around 60% of Americans who have their money invested directly into the stock market don’t rely on the United States government and “the Democrat politicians do not like that” Norquist explained.

“They don’t say please and thank you,” Norquist explained. “They don’t vote ‘correctly.’ They don’t say ‘please sir, give me some more.’ They are independent Americans who are very annoying to politicians who want to run their lives and be thanked for it.”