Posted on 03/15/2021 9:44:37 AM PDT by rickmichaels
Joe Biden is planning to propose the first substantial federal tax hike since 1993 for Americans to help pay for his long-term economic program after he signed the largest stimulus package in U.S. history with a price tag of $1.9 trillion.
Now the White House is preparing to roll out another sweeping plan to tackle infrastructure and the economic crisis, which some say could fall somewhere between the $2-$4 trillion mark.
Biden plans to kick off his cross-country tour this week promoting and seeking to bolster enthusiasm for the coronavirus relief package, where the White House will also ensure he receives credit for benefits included in the bill.
First lady Jill Biden, Vice President Kamala Harris and first gentlemen Doug Emhoff will also hit the road this week to promote the sweeping legislation.
Next on the president's docket is getting another pricey funding bill through Congress that addresses infrastructure, climate and education.
Four people familiar with discussion told Bloomberg that Biden is expected to propose a series of tax increases, including repealing parts of Donald Trump's 2017 tax law that resulted in most Americans seeing more in their paychecks, to help fund the latest proposal.
(Excerpt) Read more at dailymail.co.uk ...
Democrat Translation routine start:
high income earners = anyone with a steady job
More economy stimulating.
Biden voters now understand why the received a box of KY jell in the mail with the check.
Doug Emhoff is the 2nd gentleman, not 1st gentleman.
Somebody was telling me what a wonderful role model he is for boys growing up, because he left his law firm to go live in the VP mansion with Kamala . He’s supporting his wife’s career the way wives have always supported husbands, etc,
Those with mega bucks can always find a loophole or shelter.
The middle class winds up with the bill...always.
I wonder what term the MSM will use for Pete Booty-gig’s partner when Pete becomes VP?
He passes these tax hikes and then gets removed from office because of mental status. He will do damage and then remove him. Blame his mental health but leave the changes.
Our annual deficit always exceeds the tax revenue recovered, despite the annual tax revenue
received having exceeded the previous year's intake.
This crap is smoke and mirrors. The way our government operates, we should never have to pay any taxes.
The government budget always exceeds its revenue intake.
First tax increase my butt. Every time the Dems revoke a Republican tax cut it is an increase. They don’t see it that way, but I do. I guess they have to pay for all that tranny surgery the military is calling for these days.
That's why the rush is on to get the socialist agenda implemented. Slow Joe's mental infirmity is becoming harder to hide by the day.
Every day seems so Obama...ish.
Especially if that job is in a high cost of living area. Sure, you barely make your rent on your one-bedroom apartment and you’re eating Ramen half the month, but you hit our magic income number, so you must be rich! Time to pay up!
And this will result in a failing economy and no significant gain to the tax revenue. it will be nothing but a symbolic gesture to punish the “rich” and appease the masses of know nothings.
Good. Stupid should hurt. Electing Biden was stupid.
First Pecker?
Let the suburban jackasses who gave us a Democratic House and Senate feel the pain of this idiocy.
I’m gonna assume that since I never got any ‘free’ money during this chicom flue scamademic, I’m gonna be considered a ‘high earner’.
There are not enough rich people to pay for this program. The middle class will get shafted again.
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