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Americans for Tax Reform’s Grover Norquist on Wednesday criticized President Biden’s proposed tax plan, calling it the most “stupid” one he’s seen in five straight administrations. 

“We really haven’t done anything this stupid since Clinton,” Norquist, president of the conservative taxpayer advocacy group, said on “Just the News AM.”

He was likely referring to the 1993 tax increase by Democratic President Bill Clinton that raised the top two income tax rates to 36% and 39.6%, with the top rate hitting joint returns with incomes above $250,000, according to Forbes magazine.

Norquist pointed out to show host Sophie Mann that in 1994, two years into Clinton’s presidency and one year after the tax increase, Republicans picked up 54 House seats and eight Senate seats, winning control of both chambers for the first time since 1952.

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He also said Biden is not a moderate, arguing that when vice president for President Obama they had 21 taxes that hit middle class Americans and “violated Obama’s promise that he’d never tax anyone who earned less than $250,000 a year.”

Norquist also called Biden’s promise to not tax anyone making under $400,000 a year a “lie,” and said sad such an increase would be “devastating to growth and to jobs.”

Aside from not raise taxes on those who make less than $400,000, the tax plan calls for raising to the corporate tax rates.

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Photos: Container Ship Stuck in Suez Canal Partially Refloated

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CAIRO, Egypt—The stranded container ship blocking the Suez Canal for almost a week has been re-floated, Inchcape Shipping Services said on Monday. The ship is currently being secured, raising expectations the vital waterway could soon be reopened.

The ship was successfully re-floated at 4:30 a.m. local time on a high tide, Inchcape, a global provider of marine services said on Twitter.

Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.

However, according to disinformation researcher John Scott-Railton, the channel may still be “partially obstructed by the Ever Given, with half of the ship’s body remaining in the undredged half of the canal.

The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early on Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.

At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie told Egypt’s Extra News on Sunday.

Over two dozen vessels had earlier opted for the alternative route between Asia and Europe around the Cape of Good Hope, adding some two weeks to journeys and threatening delivery delays.

Egypt’s Leth Agencies tweeted the ship had been partially refloated, pending official confirmation from the Suez Canal Authority.

The Suez Canal Authority had earlier said in a statement that tugging operations to free the ship had resumed. The Suez Canal salvage teams intensified excavation and dredging on Sunday and were hoping a high tide would help them dislodge it.

Crude oil prices fell after news the ship had been re-floated, with Brent crude down by $1 per barrel to $63.67.

The ship’s technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.
The skyscraper-sized Ever Given became stuck in the Suez Canal last Tuesday and has held up $9 billion in global trade each day, bringing disruption to the vital waterway. Already, hundreds vessels remained trapped in the canal waiting to pass, carrying everything from crude oil to cattle.

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Sens. Cotton, Romney to Introduce Minimum Wage Hike

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mitt romney speaks as tom cotton looks on
Then candidate Mitt Romney and Rep. Tom Cotton

Republican Sens. Tom Cotton of Arkansas and Mitt Romney of Utah announced Tuesday that they will introduce a bill to raise the federal minimum wage, a Democratic version of which reportedly is threatening passage of the Biden administration’s $1.9 trillion so-called COVID-19 relief package.

Cotton wrote on Twitter in a series of posts near identical to Romney’s. “I’m introducing a bill w/@SenatorRomney to give them a raise by increasing the minimum wage and ensuring businesses can’t hire illegal immigrants – protecting American workers.”

In his own series of tweets on the proposed bill, Cotton said the increase would “go into effect after the pandemic has ended and include protections for small businesses.”

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The series of posts did not indicate to what amount Cotton and Romney’s bill would raise the federal minimum wage from its current $7.25 an hour, nor did it specify how, or if, it would penalize employers for hiring illegal immigrants. Proposals in the past to hold employers accountable have been opposed by organizations such as the Chamber of Commerce.

A report by the nonpartisan Congressional Budget Office last week found that a $15 wage would bring almost 1 million people out of poverty in the next four years and boost cumulative pay by $509 billion for workers who get raises. But it would also raise the debt by $54 billion and cost 1.4 million jobs.

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