Posted on 10/21/2021 12:56:15 PM PDT by where's_the_Outrage?
WASHINGTON — The Biden administration and congressional Democrats are moving toward dropping their push to raise corporate and individual income tax rates to pay for their sprawling domestic policy bill, instead drafting a plan that includes new ways to tax the wealthy and multinational corporations, according to people familiar with the discussions.....
Mr. Biden had proposed paying for those programs by raising the top individual income tax rate to 39.6 percent from 37 percent and the corporate rate to 28 percent from 21 percent. Administration officials have said privately in recent weeks that they believed Ms. Sinema would eventually support some level of increase in those rates. Her office declined to comment on continuing negotiations.....
White House officials insisted on Wednesday that they continued to consider all proposals for financing the package.
“The president is working to pass game-changing investments in economic growth that benefits the middle class, paid for by having the richest taxpayers and big corporations pay their fair share and without raising taxes on any American making less than $400,000,” said Andrew Bates, a deputy press secretary. “The price tag for this legislation is 0. There is an expansive menu of options for how to finance the president’s plan to ensure our economy delivers for hardworking families, and none of them are off the table.”
(Excerpt) Read more at msn.com ...
BS Let's Go Brandon!!!
Just print til the inks run dry..................
Head fake.
Just make more money with electronic digital accounting.
Run it til it blows!
BS, and FJB.
Why would Democrats need to raise new taxes? With McConnell’s help all they have to do is print more money.
“Don’t tax the little people. Find new ways to tax the big, evil wealthy people and multinational corporations.”
Psaki insures us those evil corporations won’t raise prices to pay the new taxes, so all must be well. Besides, the $5 trillion in new spending is FREE and won’t cost us a single thin dime.
More headlines. Nobody will actually read the bill they pass. We’ll find out after the fact just how much damage it unleashes on the common folk.
Tax all campaign contributions at 28 percent. $3 deductible for each voter in each election. PACs and non-candidate political organizations, no deduction.
They’ll never get enough tax money to pay for this boondoggle.
“WASHINGTON — The Biden administration and congressional Democrats are moving toward dropping their push to raise corporate and individual income tax rates to pay for their sprawling domestic policy bill, instead drafting a plan that includes new ways to tax the wealthy and multinational corporations, according to people familiar with the discussions.....”
Wait! What? They want to drop raising rates on individuals and corporations, but instead raise rates on individuals and corporations.
We are living in Bizarro World. Sometime in the future, aliens will visit us. They will look around, see what happened and say to each other, “Unfortunately, this batch of human beings was a big dud. Back to the drawing board.”
Multiple authors, anonymous sources. A NYT banner is strike three. IMHO.
In a sane world considering dropping the whole idea should be number 1.
Trump strategy here: Ask for the sky, anything you get under it is a win.
Instead, decide to plant a lot more acreage with the trees that money grows on.
FReepers wishing to read the original article and avoid a trip through msnland, and all that implies, can find it here:
https://www.nytimes.com/2021/10/20/us/politics/democrats-tax-rates.html
F Joe Biden
Let's Go Brandon!
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