DeSantis Extends Sales Tax Online in Florida for Unemployment

The Democrats are twisting the facts as always by claiming DeSantis is raising taxes on consumers and cutting taxes for business. The bill he just signed is estimated to tax consumers $1 billion a year, with the money first earmarked for the unemployment trust fund, which became depleted because of massive job losses during the COVID-19 pandemic. Businesses pay taxes that go into the trust fund and, without another source of money, would have faced higher taxes to replenish the fund. But what they do not tell the people is that pushing higher unemployment taxes on business actually means that comes out of your paycheck.

The Democrats just cannot bring themselves to ever tell the truth. While I am not in favor of raising sales taxes on everything I buy online, the net effect is that those with jobs would be paying the tax for those who lost their jobs thanks to lockdowns and COVID. Let’s call this what it really is — a COVID Tax.

 

The post DeSantis Extends Sales Tax Online in Florida for Unemployment first appeared on Armstrong Economics.

Click this link for the original source of this article.
Author: Martin Armstrong


This content is courtesy of, and owned and copyrighted by, https://www.armstrongeconomics.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.

0 Comments
Inline Feedbacks
View all comments

USSANews.com
A better search engine: DuckDuckGo.com.
Visit our Discussion Forum at Libertati.com.

Follow us: