As states brace themselves for the revenue nightmare that COVID-19 will bring, the California Assembly is set to consider legislation that could irreparably damage their economic future. Rep. Rob Bonta (D-Oakland) recently proposed Assembly Bill 2088 that would be the first wealth tax in the nation, imposing a 0.4 percent tax on net worth for individuals and joint filers worth over $30 million. As if that wasn’t bad enough, AB 2088 would completely soak the rich by raising the top income tax rate from the already astronomical 13.3 percent to an even more ludicrous 16.8 percent.

Senate Minority Leader Chuck Schumer (D-N.Y.) railed last week against Republicans’ proposal to modestly reduce unemployment insurance benefits. Republicans were concerned that the $600 weekly unemployment insurance benefit has harmed the recovery from the severe disruptions caused by partial economic shutdowns in response to COVID-19.

On September 8, 1950, President Harry Truman signed the Defense Production Act (DPA) into law. The measure gives the President sweeping authority to seize control of production in the name of national defense. Many have suggested President Trump use this authority to deal with the effects of coronavirus. Thankfully, he has mostly resisted these calls and the private sector has answered the call of duty on its own.

The Wall Street Journal claims that Bernie Sanders will increase federal taxes to the highest levels since World War II to pay for all of Sanders’ socialist promises:

The left-wing of American politics is an angry place. We see stories of them practically burning down college campuses to shut down speakers who dare question their orthodoxy. They constantly decry the ever-creeping threat of fascism or the end of American democracy if they don’t win power. Looking at the landscape of American politics it is truly baffling to try and understand why the left is this way.

FreedomWorks is proud to announce that our bill of the month for December 2019 is the Small Business Prosperity Act of 2019, H.R. 4947, introduced by Rep. Andy Biggs (R-Ariz.). The Small Business Prosperity Act would amend the tax code to make permanent the tax benefits pass-through businesses under the Tax Cuts and Jobs Act of 2017.

FreedomWorks Foundation's Regulatory Action Center (RAC) drove over 1,000 activist comments to the Environmental Protection Agency's (EPA) proposal regarding methane. The proposed reform would modernize outdated Obama-era regulations that cost the taxpayers millions of dollars.

After repeatedly claiming that the middle class won’t see a tax increase under any of her policy proposals, Sen. Elizabeth Warren (D-Mass.) released the details on Friday of how she plans to pay for Medicare for All. The proposal can hardly be taken seriously, as Warren is, more likely than not, under-estimating the cost of Medicare for All and over-estimating the tax revenues that her proposals will bring in to the treasury.

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to cosponsor S. 2356 that would codify the Trump administration Waters of the United States (WOTUS) rule definition of navigable waters. Introduced by Sen. Mike Braun (R-Ind.), S. 2356 seeks to make permanent changes to the Obama-era Clean Water Rule, solidifying changes made by the Trump administration limiting the scope of the Clean Water Act.